DS TELECOM
ActiveThe computed 12-month bankruptcy probability of DS TELECOM is 1.8% (moderate). The 2025 annual accounts show equity of €14k and a net result of €-460. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 83% of 465 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 3.67 against 2.77 in 2024), and 27% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 53
Relative position
BE, all sectors
reference
Sector 53
higher
← 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
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 2025Solvency, return and age of the figures
Solvency
73%
Return on assets
-2.4%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192122232425
2018 to 2025 · latest year -€460
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
58 d early
2023
47 d early
2022
55 d early
2021
65 d early
2019
58 d early
2018
43 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k▼ 3.2%
2024 · €14k
2018: €5k
2019: €7k
2021: €19k
2022: €19k
2023: €25k
2024: €14k
2018 → 2025
Total assets
€19k▼ 14.4%
2024 · €22k
2018: €59k
2019: €79k
2021: €72k
2022: €52k
2023: €38k
2024: €22k
2018 → 2025
Net result
€-460▲ 95.6%
2024 · €-10k
2018: €9k
2019: €2k
2021: €5k
2022: €24
2023: €5k
2024: €-10k
2018 → 2025
Working capital
€14k▼ 1.1%
2024 · €14k
2018: €5k
2019: €7k
2021: €23k
2022: €19k
2023: €24k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€19k▲ 0.1%€25k▲ 27.8%€14k▼ 42.0%€14k▼ 3.2%
Operating result€6k-€257▼ 95.7%€8k▲ 2,904%€-10k€-574▲ 94.5%
Net result€5k-€24▼ 99.5%€5k▲ 22,233%€-10k€-460▲ 95.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €574 in 2025 against €10k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19k
Fixed assets
€124▼ 71.4%
Current assets
€19k▼ 13.2%
Equity and liabilities €19k
Equity
€14k▼ 3.2%
Debt
€5k▼ 34.6%
The debt ratio falls from 35.4% to 27.0%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-264▲
2024 · €-10k
Cash flow
€-150▲
2024 · €-10k
Solvency
73.0%▲
2024 · 64.6%
Current ratio
3.67▲
2024 · 2.77
Quick ratio
3.67▲
2024 · 2.77
Debt / equity
0.37▼
2024 · 0.55
ROE
-3.3%▲
2024 · -72.5%
ROA
-2.4%▲
2024 · -46.8%
Interest coverage
-3.72▲
2024 · -180.54
Debt
€5k▼
2024 · €8k
Debt ≤ 1 year
€5k▼
2024 · €8k
Income taxes
€0▼
2024 · €16
Staff costs
€-395▼
2024 · €14k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€22k€19k▼
Fixed assets21/28€434€124▼
Tangible fixed assets22/27€434€124▼
Furniture and vehicles24€434€124▼
Current assets29/58€22k€19k▼
Amounts receivable within one year40/41€20k€19k▼
Trade receivables40€20k€8k▼
Other amounts receivable41€56€11k▲
Cash at bank and in hand54/58€2k€41▼
Deferred charges and accrued income490/1-€185
Equity and liabilities
Total equity and liabilities10/49€22k€19k▼
Equity10/15€14k€14k▼
Contributions10/11€19k€19k=
Reserves13€9k€9k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-13k€-14k▼
Amounts payable17/49€8k€5k▼
Amounts payable within one year42/48€8k€5k▼
Trade debts44€2k-
Suppliers440/4€2k-
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€2k€429▼
Remuneration and social security454/9€674€5k▲
Other amounts payable47/48€4k-
Income statement
Code20242025
Remuneration, social security and pensions62€14k€-395▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€310€310=
Other operating charges640/8-€144
Gross operating margin9900€4k€-516▼
Operating profit (loss)9901€-10k€-574▲
Financial income75/76B€93€186▲
Recurring financial income75€93€186▲
Financial charges65/66B€56€71▲
Recurring financial charges65€56€71▲
Profit (loss) for the period before taxes9903€-10k€-460▲
Income taxes67/77€16€0▼
Profit (loss) for the period9904€-10k€-460▲
Profit (loss) for the period to be appropriated9905€-10k€-460▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-14k▼
Profit (loss) brought forward from the previous period14P€-3k€-13k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k ▼293%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
BELLAGUE Kheira
CurrentDirector · since 01-03-2024
01-03-2024
BELLAGUE Kheira: Appointed as Director
29-02-2024
HALIBRAHIM Hasan: Resigned as Director
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 2000
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.
Sint-Annastraat 549700 OudenaardeGround area
393 m²
Building footprint
229 m²
Volume, LiDAR
620 m³
2 parcels, Brussels, Flanders · tallest building 18.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
DS TELECOM
since 20002.094.105.185
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502A0925/00G003 | Flanders | 353 m² | 1 · 191 m² | - |
| 21910E0180/00F003 | Brussels | 40 m² | 1 · 38 m² | 18.5 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BNM
BE 0842.072.143
Elsene · Eq €14k
T-P AND Co
BE 0793.895.312
Elsene · Eq €14k
MERDITAS
BE 0727.649.161
Antwerpen · Eq €14k
HGT Service
BE 0802.651.640
Elsene · Eq €14k
LUCKY LOGISTICS
BE 0805.396.938
Grimbergen · Eq €14k
Of 4,836 companies in sector 53200 we hold annual accounts for 1,288. 960 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-2000
Fiscal year end31-12
Activities, NACEBEL
53200Other postal and courier activities
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.