DS MANAGEMENT
ActiveDS MANAGEMENT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.03M and a net result of €80k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 50% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+3
Solvency83▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.81 in 2023; short-term debt: 35.5% and cash: 22.5% of total assets), and 41.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
58.2%
Return on assets
4.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
41 d early
2022
48 d early
2021
45 d early
2020
47 d early
2019
42 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.03M▲ 5.7%
2023 · €974k
2018: €609k
2019: €627k
2020: €752k
2021: €890k
2022: €916k
2023: €974k
2018 → 2024
Total assets
€1.77M▼ 4.5%
2023 · €1.85M
2018: €2.77M
2019: €2.78M
2020: €2.48M
2021: €2.47M
2022: €2.41M
2023: €1.85M
2018 → 2024
Net result
€80k▼ 3.3%
2023 · €83k
2018: €177k
2019: €318k
2020: €326k
2021: €388k
2022: €226k
2023: €83k
2018 → 2024
Working capital
€-156k▼ 29.9%
2023 · €-120k
2018: €-588k
2019: €-579k
2020: €-458k
2021: €-140k
2022: €-170k
2023: €-120k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€752k-€890k▲ 18.3%€916k▲ 2.9%€974k▲ 6.4%€1.03M▲ 5.7%
Operating result€496k-€555k▲ 12.0%€278k▼ 50.0%€154k▼ 44.4%€148k▼ 4.2%
Net result€326k-€388k▲ 19.2%€226k▼ 41.9%€83k▼ 63.1%€80k▼ 3.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 4% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.77M
Fixed assets
€1.30M▼ 2.5%
Current assets
€472k▼ 9.5%
Equity and liabilities €1.77M
Equity
€1.03M▲ 5.7%
Debt
€739k▼ 15.8%
The debt ratio falls from 47.4% to 41.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€264k▼
2023 · €266k
Cash flow
€196k▲
2023 · €195k
Solvency
58.2%▲
2023 · 52.6%
Current ratio
0.75▼
2023 · 0.81
Quick ratio
0.75▼
2023 · 0.81
Debt / equity
0.72▼
2023 · 0.90
ROE
7.8%▼
2023 · 8.5%
ROA
4.6%▲
2023 · 4.5%
Interest coverage
6.08▲
2023 · 5.65
Debt
€739k▼
2023 · €878k
Debt ≤ 1 year
€628k▼
2023 · €642k
Debt > 1 year
€73k▼
2023 · €197k
Income taxes
€24k▼
2023 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.85M€1.77M▼
Fixed assets21/28€1.33M€1.30M▼
Tangible fixed assets22/27€1.33M€1.30M▼
Land and buildings22€1.24M€1.15M▼
Plant, machinery and equipment23€43k€113k▲
Furniture and vehicles24€45k€29k▼
Financial fixed assets28€84€84=
Current assets29/58€522k€472k▼
Amounts receivable within one year40/41€14k€63k▲
Trade receivables40€14k€63k▲
Cash at bank and in hand54/58€498k€398k▼
Deferred charges and accrued income490/1€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.85M€1.77M▼
Equity10/15€974k€1.03M▲
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€774k€829k▲
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Distributable reserves133€754k€809k▲
Amounts payable17/49€878k€739k▼
Amounts payable after more than one year17€197k€73k▼
Financial debts170/4€197k€73k▼
Amounts payable within one year42/48€642k€628k▼
Current portion of amounts payable after more than one year42€123k€124k▲
Trade debts44€7k€27k▲
Suppliers440/4€7k€27k▲
Taxes, remuneration and social security45€39k€49k▲
Taxes450/3€39k€49k▲
Other amounts payable47/48€474k€428k▼
Accrued charges and deferred income492/3€39k€38k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€116k▲
Other operating charges640/8€31k€34k▲
Gross operating margin9900€298k€298k=
Operating profit (loss)9901€154k€148k▼
Financial charges65/66B€47k€43k▼
Recurring financial charges65€47k€43k▼
Profit (loss) for the period before taxes9903€107k€105k▼
Income taxes67/77€24k€24k▼
Profit (loss) for the period9904€83k€80k▼
Profit (loss) for the period to be appropriated9905€83k€80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€80k▼
Transfer to equity691/2€58k€55k▼
To other reserves6921€58k€55k▼
Profit to be distributed694/7€25k€25k=
Directors or managers695€25k€25k=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €80k ▼3.3%
Net result drops to €80k, the lowest in the series.
31-12
Financial
Equity above €1MEq €1.03M ▲5.7%
7 profitable years in a row build equity to €1.03M.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €388k ▲19.2%
Operating result €555k, net result €388k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are 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, Merchtem · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brusselsesteenweg 2201785 MerchtemGround area
1.5 ha
Building footprint
3,340 m²
Volume, LiDAR
17,830 m³
Parcel 23012A0160/00Z000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brusselsesteenweg 220, 1785 Merchtem
since 20112.203.204.352
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012A0160/00Z000 | Flanders | 1.5 ha | 1 · 3,340 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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MAS CAPITAL
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Latim
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 27,515 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-07-2011
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.