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DS Projects

Active
Private limited companyfounded 2025active for 1 yearStormstraat 28, 8800 Roeselare, BelgiumKBO/BCE: BE 1024.954.557
Summary

The computed 12-month bankruptcy probability of DS Projects is 2.6% (moderate). The 2025 annual accounts show equity of €19,634 and a net result of €15,734. Its solvency ranks better than 25% of 34,728 sector peers (NACE 43, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Joinery installation
NACE 43320
1 site
Size
€83,608total assets 2025
Equity
€19,634
Profit
€15,734
Turnover not published (micro format)
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.6%
Structure
2025 accounts filed 25 days late
Why 52raises riskFounded in 2025Size: total assets €83,608Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.02, cash €4,153Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 47% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency 48
equity 23.5% of total assets
Liquidity 46
short-term debt 26.8% · cash 5.0%
Profitability 92
return on assets 18.8%
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,644 companies, NACE 43, micro)
Last 24 months 08-2026: 1.9%lowest value 09-2026: 2.1%▲ +0.2 percentage points vs 08-2026 10-2026: 2.6%▲ +0.5 percentage points vs 09-2026highest value
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.02, below the usual 1.5; short-term debt: 26.8% and cash: 5% of total assets), and 76.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 25% on solvency, 36% on liquidity and 78% on profitability.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

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Signals

Six signals.
raises risk
raises risk · Founded in 2025
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: total assets €83,608
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Liquidity: current ratio 1.02, cash €4,153
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 34728 sector peers (2025).
NBB · sector comparison
Position among 34728 sector peers
Solvency
better than 25%
← weakest strongest →
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
25 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2025.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointment: DESEURE Lander (director) ·…

Financials · financial year 2025, micro format

2025 annual accounts filed late (25 days) Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00420582.

Equity
€19,634
Total assets
€83,608
Net result
€15,734
Working capital
€451

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €83,608
Fixed assets €60,786
Current assets €22,822
Equity and liabilities €83,608
Equity €19,634
Debt €63,974
Debt finances 76.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€24,637
Cash flow
€19,317
Current ratio
1.02
Debt to equity
3.26
ROE
80.1%
ROA
18.8%
Interest coverage
13.89
Debt ≤ 1 year
€22,371
Debt > 1 year
€41,603
Income taxes
€3,547

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.6% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
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 74.5% 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 2,390 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
Filed annual accounts As filed with the NBB · 2025 · 43 lines
Balance sheet Code2025
Assets
Total assets20/58€83,608
Fixed assets21/28€60,786
Intangible fixed assets21€1
Tangible fixed assets22/27€60,785
Plant, machinery and equipment23€6,405
Leasing and similar rights25€54,380
Current assets29/58€22,822
Amounts receivable within one year40/41€13,499
Trade receivables40€10,000
Other amounts receivable41€3,499
Cash at bank and in hand54/58€4,153
Deferred charges and accrued income490/1€5,170
Equity and liabilities
Total equity and liabilities10/49€83,608
Equity10/15€19,634
Contributions10/11€3,900
Reserves13€15,734
Distributable reserves133€15,734
Amounts payable17/49€63,974
Amounts payable after more than one year17€41,603
Financial debts170/4€41,603
Amounts payable within one year42/48€22,371
Current portion of amounts payable after more than one year42€16,993
Trade debts44€1,665
Suppliers440/4€1,665
Taxes, remuneration and social security45€3,547
Taxes450/3€3,547
Other amounts payable47/48€166
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,583
Other operating charges640/8€954
Non-recurring operating charges66A€3,574
Gross operating margin9900€29,165
Operating profit (loss)9901€21,054
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€1,774
Recurring financial charges65€1,774
Profit (loss) for the period before taxes9903€19,280
Income taxes67/77€3,547
Profit (loss) for the period9904€15,734
Profit (loss) for the period to be appropriated9905€15,734
Appropriation of the result
Profit (loss) to be appropriated9906€15,734
Transfer to equity691/2€15,734
To other reserves6921€15,734

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,583
Other operating charges640/8€954
Non-recurring operating charges66A€3,574
Gross operating margin9900€29,165
Operating profit (loss)9901€21,054
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€1,774
Recurring financial charges65€1,774
Profit (loss) for the period before taxes9903€19,280
Income taxes67/77€3,547
Profit (loss) for the period9904€15,734
Profit (loss) for the period to be appropriated9905€15,734
Line2025
Assets
Total assets20/58€83,608
Fixed assets21/28€60,786
Intangible fixed assets21€1
Tangible fixed assets22/27€60,785
Plant, machinery and equipment23€6,405
Leasing and similar rights25€54,380
Current assets29/58€22,822
Amounts receivable within one year40/41€13,499
Trade receivables40€10,000
Other amounts receivable41€3,499
Cash at bank and in hand54/58€4,153
Deferred charges and accrued income490/1€5,170
Equity and liabilities
Total equity and liabilities10/49€83,608
Equity10/15€19,634
Contributions10/11€3,900
Reserves13€15,734
Distributable reserves133€15,734
Amounts payable17/49€63,974
Amounts payable after more than one year17€41,603
Financial debts170/4€41,603
Amounts payable within one year42/48€22,371
Current portion of amounts payable after more than one year42€16,993
Trade debts44€1,665
Suppliers440/4€1,665
Taxes, remuneration and social security45€3,547
Taxes450/3€3,547
Other amounts payable47/48€166
Line2025
Profit (loss) for the period9904€15,734
+ Depreciation and write-downs630€3,583
Operating cash flow (approximation)€19,317

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 25-08-2026 2026-00420582

Similar companies · same sector, comparable size

Of the 19,856 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,287. 6,221 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2025
DESEURE Lander
Director · since 03-07-2025
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2025, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
DESEURE Lander
  • Director, from 03-07-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 03-07-2025 ↗
  • DESEURE Lander 76 shares (76%) · €2,660
  • SERGANT Carolina Chloë Marques 24 shares (24%) · €1,240

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 03-07-2025 Incorporation · €3,900 · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 1 July 2025, DS Projects was incorporated as a private limited company by two natural persons, with a starting capital of €3,900.12 DESEURE Lander has served as director of the company since 2025.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 03-07-2025
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
25-08
NBB filing Annual accounts filed
financial year 2025 · micro format · 25 days late
2025
03-07
Gazette deed Incorporation
Appointment: DESEURE Lander (director) · Registered office clause · Pre-incorporation commitments8 facts ▸
  • Registered office clause, “8800 Roeselare,Stormstraat 28” (deed in Dutch)
  • Director appointment, DESEURE Lander (director)
  • Other provision, 23-06-2025
  • Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
  • Incorporation, “DS Projects” (deed in Dutch)
  • Founder, DESEURE Lander
  • Founder, SERGANT Carolina Chloë Marques
  • Founding capital, €3,900
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded01-07-2025
Financial year end31-12
Activities, NACEBEL 2025
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43230Insulation installation
43332Laying of wooden floor and wall coverings
47522Retail trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:1024954557
Also 9925:BE1024954557
Registered 20-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 27 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1024.954.557

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2025
registered office establishment The establishment unit on the map
Ground area
521 m²
Building footprint
90 m²
Building volume
545 m³
Parcel 36302B1148/00N000, Flanders · tallest building 7.8 m. Linked by address, not a title deed.
1 establishment unit
DS Projects
Stormstraat 28, 8800 RoeselareJoinery installation
since 2025unit no. 2.375.531.087
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
36302B1148/00N000 Flanders 521 m² 1 · 90 m² 7.8 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
DS Projects
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, enkel besluit bestuursorgaan voor administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of…” (deed in Dutch)

deed of 03-07-2025

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“1” (deed in Dutch)
“Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1” (deed in Dutch)
1 more provision on this in the deed

deed of 03-07-2025

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Tuesday of June at 10:00

deed of 03-07-2025

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

deed of 03-07-2025

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Bestuurder,bij gebrek aanwezige aandeelhouder met meeste aandelen,bij pariteit oudste, zittingen processen-verbaal algemene vergadering” (deed in Dutch)
Other provision: “Beraadslagingen algemene vergadering, meerderheid van stemmen ongeacht aantal vertegenwoordigde effecten behoudens wet of statuten” (deed in Dutch)
Other provision: “Bestuursorgaan tijdens zitting, verdaging algemene vergadering” (deed in Dutch)
Other provision: “Oefent bevoegdheden uit die Wetboek van vennootschappen en verenigingen haar toewijst, bevoegdheden algemene vergadering” (deed in Dutch)
Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan” (deed in Dutch)
Other provision: “Uitkering dividenden en interimdividenden, bestuursorgaan op eigen verantwoordelijkheid overeenkomstig wettelijke bepalingen” (deed in Dutch)
Liquidation distribution: “Netto actief onder alle aandeelhouders naar verhouding aantal aandelen,goederen in natura op zelfde wijze, na aanzuivering…” (deed in Dutch)
3 more provisions in the deed, see the deed of 03-07-2025

deed of 03-07-2025