DS-Line
ActiveSummary
The computed 12-month bankruptcy probability of DS-Line is 3.2% (moderate). The 2024 annual accounts show equity of €51,207 and a net result of €31,588. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 6719 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability98▲+10
Solvency62▲+21
Growth78=
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 0.73 in 2023; short-term debt: 43.9% and cash: 9.2% of total assets), and 62.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
37.4%
Return on assets
23.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €51,207
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
61 d late
2022
32 d late
2021
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 55 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€51,207▲ 161%
2023 · €19,619
Total assets
€136,770▲ 10.4%
2023 · €123,873
Net result
€31,588▲ 65.6%
2023 · €19,076
Working capital
€12,061
2023 · -€15,623
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€15,792-€16,883€31,041▲ 83.9%€42,497▲ 36.9%
Net result-€15,930below the sector's middle half-€9,474within the sector's middle half€19,076within the sector's middle half▲ 101%€31,588above the sector's middle half▲ 65.6%
Equity-€8,930below the sector's middle half-€543below the sector's middle half€19,619within the sector's middle half▲ 3,510%€51,207within the sector's middle half▲ 161%
Total assets€22,699below the sector's middle half-€125,331within the sector's middle half▲ 452%€123,873within the sector's middle half▼ 1.2%€136,770within the sector's middle half▲ 10.4%
Debt€31,630-€124,787▲ 295%€104,254▼ 16.5%€85,563▼ 17.9%
Working capital-€21,551below the sector's middle half--€34,874below the sector's middle half▼ 61.8%-€15,623below the sector's middle half▲ 55.2%€12,061within the sector's middle half
Solvency-39.3%below the sector's middle half-0.4%below the sector's middle half▲ 39.8pp15.8%within the sector's middle half▲ 15.4pp37.4%within the sector's middle half▲ 21.6pp
Current ratio0.32below the sector's middle half-0.40below the sector's middle half▲ 0.080.73below the sector's middle half▲ 0.331.20within the sector's middle half▲ 0.47
Return on assets (ROA)-70.2%below the sector's middle half-7.6%within the sector's middle half▲ 77.7pp15.4%above the sector's middle half▲ 7.8pp23.1%above the sector's middle half▲ 7.7pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 37% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €136,770
Fixed assets
€64,656 ▼ 20.4%
Current assets
€72,114 ▲ 69.2%
Equity and liabilities €136,770
Equity
€51,207 ▲ 161%
Debt
€85,563 ▼ 17.9%
Debt's share of the balance-sheet total falls from 84.2% to 62.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69,075▲
2023 · €56,430
Cash flow
€58,166▲
2023 · €44,465
Debt to equity
1.67▼
2023 · 5.31
ROE
61.7%▼
2023 · 97.2%
Interest coverage
27.65▲
2023 · 10.70
Debt ≤ 1 year
€60,053▲
2023 · €58,232
Debt > 1 year
€25,346▼
2023 · €45,806
Income taxes
€9,560▲
2023 · €7,213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,867 | €20,034 | €25,390 | €26,577 | ▲ 4.7% |
| Other operating charges640/8 | €11,591 | €24,072 | €19,863 | €24,370 | ▲ 22.7% |
| Gross operating margin9900 | -€2,335 | €60,989 | €76,293 | €93,445 | ▲ 22.5% |
| Operating profit (loss)9901 | -€15,792 | €16,883 | €31,041 | €42,497 | ▲ 36.9% |
| Financial income75/76B | - | €291 | €523 | €1,149 | ▲ 120% |
| Recurring financial income75 | - | €291 | €523 | €1,149 | ▲ 120% |
| Financial charges65/66B | €98 | €5,790 | €5,275 | €2,499 | ▼ 52.6% |
| Recurring financial charges65 | €98 | €5,790 | €5,275 | €2,499 | ▼ 52.6% |
| Profit (loss) for the period before taxes9903 | -€15,890 | €11,385 | €26,288 | €41,148 | ▲ 56.5% |
| Income taxes67/77 | €40 | €1,911 | €7,213 | €9,560 | ▲ 32.5% |
| Profit (loss) for the period9904 | -€15,930 | €9,474 | €19,076 | €31,588 | ▲ 65.6% |
| Profit (loss) for the period to be appropriated9905 | -€15,930 | €9,474 | €19,076 | €31,588 | ▲ 65.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €22,699 | €125,331 | €123,873 | €136,770 | ▲ 10.4% |
| Fixed assets21/28 | €12,621 | €102,243 | €81,264 | €64,656 | ▼ 20.4% |
| Tangible fixed assets22/27 | €12,621 | €102,243 | €81,264 | €64,656 | ▼ 20.4% |
| Plant, machinery and equipment23 | €1,262 | €1,491 | €2,441 | €1,846 | ▼ 24.4% |
| Furniture and vehicles24 | €11,358 | €8,594 | €8,466 | €11,055 | ▲ 30.6% |
| Leasing and similar rights25 | - | €92,157 | €70,357 | €48,557 | ▼ 31.0% |
| Assets under construction and advance payments27 | - | - | - | €3,198 | - |
| Current assets29/58 | €10,078 | €23,088 | €42,609 | €72,114 | ▲ 69.2% |
| Amounts receivable within one year40/41 | €4,770 | €22,035 | €31,428 | €59,472 | ▲ 89.2% |
| Trade receivables40 | €4,770 | €12,949 | €20,552 | €27,915 | ▲ 35.8% |
| Other amounts receivable41 | - | €9,086 | €10,875 | €31,556 | ▲ 190% |
| Cash at bank and in hand54/58 | €4,171 | €647 | €7,042 | €12,642 | ▲ 79.5% |
| Deferred charges and accrued income490/1 | €1,138 | €405 | €4,139 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €22,699 | €125,331 | €123,873 | €136,770 | ▲ 10.4% |
| Equity10/15 | -€8,930 | €543 | €19,619 | €51,207 | ▲ 161% |
| Contributions10/11 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Reserves13 | - | - | €12,619 | €44,207 | ▲ 250% |
| Distributable reserves133 | - | - | €12,619 | €44,207 | ▲ 250% |
| Profit (loss) carried forward14 | -€15,930 | -€6,457 | - | - | - |
| Amounts payable17/49 | €31,630 | €124,787 | €104,254 | €85,563 | ▼ 17.9% |
| Amounts payable after more than one year17 | - | €66,825 | €45,806 | €25,346 | ▼ 44.7% |
| Financial debts170/4 | - | €66,825 | €45,806 | €25,346 | ▼ 44.7% |
| Amounts payable within one year42/48 | €31,630 | €57,962 | €58,232 | €60,053 | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | - | €25,518 | €23,961 | €17,459 | ▼ 27.1% |
| Financial debts43 | - | €126 | - | - | - |
| Credit institutions430/8 | - | €126 | - | - | - |
| Trade debts44 | €16,287 | €24,165 | €20,251 | €27,849 | ▲ 37.5% |
| Suppliers440/4 | €16,287 | €24,165 | €16,404 | €27,849 | ▲ 69.8% |
| Bills of exchange payable441 | - | - | €3,847 | - | - |
| Taxes, remuneration and social security45 | €4,478 | €8,153 | €14,020 | €14,745 | ▲ 5.2% |
| Taxes450/3 | €4,478 | €8,153 | €14,020 | €14,745 | ▲ 5.2% |
| Other amounts payable47/48 | €10,864 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €216 | €164 | ▼ 23.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,930 | €9,474 | €19,076 | €31,588 | ▲ 65.6% |
| + Depreciation and write-downs630 | €1,867 | €20,034 | €25,390 | €26,577 | ▲ 4.7% |
| Operating cash flow (approximation) | -€14,063 | €29,508 | €44,465 | €58,166 | ▲ 30.8% |
| Investment in fixed assets (approximation) | - | -€109,656 | -€4,411 | -€9,970 | ▼ 126% |
| Change in cash | - | -€3,524 | €6,395 | €5,600 | ▼ 12.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Highest result since 2021net €31,588 ▲65.6%
Operating result €42,497, net result €31,588, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €9,474
Net result €9,474 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2021
Ground area
460 m²
Building footprint
112 m²
Volume, LiDAR
549 m³
Parcel 36013B0608/00W000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DS-Line
since 20212.311.723.794
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36013B0608/00W000 | Flanders | 460 m² | 1 · 112 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 444 EUR awarded · 444 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 444 EUR | 444 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.311.723.794
Similar companies · same sector, comparable size
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RAMATRANS
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PREDIS
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Lièri
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 6,018 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49320Non-scheduled passenger transport by road
70200Business and other management consultancy
Contact
E-mail
ds-line@outlook.comRoeselare
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761428719
Also
9925:BE0761428719
Registered
12-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.