Summary
DS TRADING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.68M and a net result of €90k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 2777 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 14-04-2025, 108 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
108 d early
2023
42 d early
2022
123 d early
2021
114 d early
2020
23 d late
2019
87 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Equity
€1.68M▼ 6.6%
2023 · €1.80M
2018: €1.46M
2019: €955k▼ -34.4% vs 2018lowest in 7 years
2020: €1.34M▲ +40.1% vs 2019
2021: €1.50M▲ +12.1% vs 2020
2022: €1.56M▲ +4.2% vs 2021
2023: €1.80M▲ +15.4% vs 2022highest in 7 years
2024: €1.68M▼ -6.6% vs 2023
2018 → 2024
Net result
€90k▼ 62.5%
2023 · €241k
2018: €188k
2019: €-502k▼ -367% vs 2018lowest in 7 years
2020: €383k▲ +176% vs 2019highest in 7 years
2021: €162k▼ -57.6% vs 2020
2022: €162k▼ -0.1% vs 2021
2023: €241k▲ +48.3% vs 2022
2024: €90k▼ -62.5% vs 2023
2018 → 2024
Total assets
€1.70M▼ 7.3%
2023 · €1.83M
2018: €1.55M
2019: €1.05M▼ -32.3% vs 2018lowest in 7 years
2020: €1.40M▲ +33.2% vs 2019
2021: €1.57M▲ +12.3% vs 2020
2022: €1.69M▲ +7.5% vs 2021
2023: €1.83M▲ +8.4% vs 2022highest in 7 years
2024: €1.70M▼ -7.3% vs 2023
2018 → 2024
Solvency
99.1%▲ 0.7pp
2023 · 98.5%
2018: 93.8%
2019: 90.9%▼ -3.1% vs 2018lowest in 7 years
2020: 95.6%▲ +5.2% vs 2019
2021: 95.5%▼ -0.1% vs 2020
2022: 92.5%▼ -3.1% vs 2021
2023: 98.5%▲ +6.4% vs 2022
2024: 99.1%▲ +0.7% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.34M-€1.50M▲ 12.1%€1.56M▲ 4.2%€1.80M▲ 15.4%€1.68M▼ 6.6%
2020: €1.34Mlowest in 5 years
2021: €1.50M▲ +12.1% vs 2020
2022: €1.56M▲ +4.2% vs 2021
2023: €1.80M▲ +15.4% vs 2022highest in 5 years
2024: €1.68M▼ -6.6% vs 2023
Operating result€49k-€62k▲ 24.5%€70k▲ 13.1%€93k▲ 33.1%€94k▲ 0.9%
2020: €49klowest in 5 years
2021: €62k▲ +24.5% vs 2020
2022: €70k▲ +13.1% vs 2021
2023: €93k▲ +33.1% vs 2022
2024: €94k▲ +0.9% vs 2023highest in 5 years
Net result€383k-€162k▼ 57.6%€162k▼ 0.1%€241k▲ 48.3%€90k▼ 62.5%
2020: €383khighest in 5 years
2021: €162k▼ -57.6% vs 2020
2022: €162k▼ -0.1% vs 2021
2023: €241k▲ +48.3% vs 2022
2024: €90k▼ -62.5% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 1% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.70M
Fixed assets
€223k =
Current assets
€1.48M ▼ 8.3%
Equity and liabilities €1.70M
Equity
€1.68M ▼ 6.6%
Debt
€15k ▼ 47.3%
Debt's share of the balance-sheet total falls from 1.5% to 0.9%. Equity and debt are lower.
Key figures and ratios
ROE
5.4%▼
2023 · 13.3%
ROA
5.3%▼
2023 · 13.1%
Debt ≤ 1 year
€14k▼
2023 · €27k
Income taxes
€43k▼
2023 · €52k
A ratio outside any meaningful range has been withheld (balance sheet total €1.70M, equity €1.68M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.83M€1.70M▼
Fixed assets21/28€223k€223k=
Financial fixed assets28€223k€223k=
Current assets29/58€1.61M€1.48M▼
Amounts receivable within one year40/41€287k€239k▼
Trade receivables40€286k€236k▼
Other amounts receivable41€271€2k▲
Current investments50/53€1.31M€900k▼
Cash at bank and in hand54/58€12k€336k▲
Deferred charges and accrued income490/1-€614
Equity and liabilities
Total equity and liabilities10/49€1.83M€1.70M▼
Equity10/15€1.80M€1.68M▼
Contributions10/11€75k€75k=
Reserves13€1.45M€1.33M▼
Distributable reserves133€1.45M€1.33M▼
Profit (loss) carried forward14€275k€275k▲
Amounts payable17/49€28k€15k▼
Amounts payable within one year42/48€27k€14k▼
Trade debts44€47€41▼
Suppliers440/4€47€41▼
Taxes, remuneration and social security45€25k€7k▼
Taxes450/3€23k€6k▼
Remuneration and social security454/9€1k€850▼
Other amounts payable47/48€2k€7k▲
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20232024
Other operating charges640/8€5k€4k▼
Gross operating margin9900€97k€98k▲
Operating profit (loss)9901€93k€94k▲
Financial income75/76B€200k€39k▼
Recurring financial income75€200k€39k▼
Financial charges65/66B€133€179▲
Recurring financial charges65€133€179▲
Profit (loss) for the period before taxes9903€293k€133k▼
Income taxes67/77€52k€43k▼
Profit (loss) for the period9904€241k€90k▼
Profit (loss) for the period to be appropriated9905€241k€90k▼
Appropriation of the result
Profit (loss) to be appropriated9906€515k€365k▼
Profit (loss) brought forward from the previous period14P€274k€275k▲
Transfer from equity791/2-€210k
Transfer to equity691/2€240k€90k▼
To the legal reserve6920€240k€90k▼
Profit to be distributed694/7-€210k
Return on contributions (dividend)694-€210k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €3k | €5k | €5k | €4k | ▼ 5.2% |
| Gross operating margin9900 | €53k | €65k | €75k | €97k | €98k | ▲ 0.6% |
| Operating profit (loss)9901 | €49k | €62k | €70k | €93k | €94k | ▲ 0.9% |
| Financial income75/76B | - | €130k | €123k | €200k | €39k | ▼ 80.3% |
| Recurring financial income75 | €383k | €130k | €123k | €200k | €39k | ▼ 80.3% |
| Financial charges65/66B | - | €86 | €102 | €133 | €179 | ▲ 34.1% |
| Recurring financial charges65 | €1k | €86 | €102 | €133 | €179 | ▲ 34.1% |
| Profit (loss) for the period before taxes9903 | €431k | €191k | €192k | €293k | €133k | ▼ 54.7% |
| Income taxes67/77 | €48k | €29k | €30k | €52k | €43k | ▼ 18.7% |
| Profit (loss) for the period9904 | €383k | €162k | €162k | €241k | €90k | ▼ 62.5% |
| Profit (loss) for the period to be appropriated9905 | €383k | €162k | €162k | €241k | €90k | ▼ 62.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.40M | €1.57M | €1.69M | €1.83M | €1.70M | ▼ 7.3% |
| Fixed assets21/28 | €223k | €223k | €223k | €223k | €223k | = |
| Financial fixed assets28 | €223k | €223k | €223k | €223k | €223k | = |
| Current assets29/58 | €1.18M | €1.35M | €1.47M | €1.61M | €1.48M | ▼ 8.3% |
| Amounts receivable within one year40/41 | €499k | €131k | €350k | €287k | €239k | ▼ 16.7% |
| Trade receivables40 | - | €131k | €256k | €286k | €236k | ▼ 17.5% |
| Other amounts receivable41 | - | €229 | €94k | €271 | €2k | ▲ 796% |
| Current investments50/53 | - | - | €900k | €1.31M | €900k | ▼ 31.3% |
| Cash at bank and in hand54/58 | €677k | €1.22M | €217k | €12k | €336k | ▲ 2,733% |
| Deferred charges and accrued income490/1 | - | - | - | - | €614 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.40M | €1.57M | €1.69M | €1.83M | €1.70M | ▼ 7.3% |
| Equity10/15 | €1.34M | €1.50M | €1.56M | €1.80M | €1.68M | ▼ 6.6% |
| Contributions10/11 | - | €75k | €75k | €75k | €75k | = |
| Reserves13 | €990k | €1.15M | €1.21M | €1.45M | €1.33M | ▼ 8.3% |
| Non-distributable reserves130/1 | - | €8k | €8k | - | - | - |
| Reserves not available under the articles1311 | - | €8k | €8k | - | - | - |
| Distributable reserves133 | - | €1.14M | €1.21M | €1.45M | €1.33M | ▼ 8.3% |
| Profit (loss) carried forward14 | €273k | €274k | €274k | €275k | €275k | ▲ 0.1% |
| Amounts payable17/49 | €61k | €71k | €127k | €28k | €15k | ▼ 47.3% |
| Amounts payable within one year42/48 | €60k | €70k | €126k | €27k | €14k | ▼ 49.4% |
| Trade debts44 | €1k | €4k | €89 | €47 | €41 | ▼ 12.8% |
| Suppliers440/4 | - | €4k | €89 | €47 | €41 | ▼ 12.8% |
| Taxes, remuneration and social security45 | - | €62k | €24k | €25k | €7k | ▼ 71.3% |
| Taxes450/3 | - | €59k | €23k | €23k | €6k | ▼ 73.2% |
| Remuneration and social security454/9 | - | €3k | €1k | €1k | €850 | ▼ 37.0% |
| Other amounts payable47/48 | - | €5k | €102k | €2k | €7k | ▲ 183% |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €1k | €1k | ▲ 1.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €383k | €162k | €162k | €241k | €90k | ▼ 62.5% |
| Operating cash flow (approximation) | €383k | €162k | €162k | €241k | €90k | ▼ 62.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €540k | €-1.00M | €-205k | €324k | ▲ 258% |
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
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 5current ratio 59.56
Current ratio from 11.67 to 59.56; short-term debt falls from €126k to €27k.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Back to profitnet €383k
Net result €383k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 19.54
Current ratio from 8.74 to 19.54; short-term debt falls from €95k to €60k.
31-12
Financial
Equity above €1MEq €1.34M ▲40.1%
Equity rises from €955k to €1.34M.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 87 days late
2019
31-12
Financial
Weakest financial yearnet €-502k
Net result drops to €-502k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 8.74
Current ratio from 3.72 to 8.74; short-term debt falls from €96k to €95k.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
28-07
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Grâce-Hollogne · 1 establishment unit since 2012
Ground area
4,645 m²
Building footprint
103 m²
Volume, LiDAR
548 m³
Parcel 62454B0607/00C002, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Lamaye 2, 4460 Grâce-Hollogne
since 20122.208.535.095
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62454B0607/00C002 | Wallonia | 4,645 m² | 1 · 103 m² | 6.7 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.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 11,419 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
Founded16-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.