DS2
DS2 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 €1.67M and a net result of €9k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 88% of 9871 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €1.67M |
| Net result | €9k |
| Better than sector | 88% |
| Active | 18 yrs |
Strong profile, led by stability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 90.5% | 54.8% | |
| Net result | €9k | €29k | |
| Equity | €1.67M | €137k | |
| Gross operating margin | €45k | €58k | |
| Total assets | €1.85M | €337k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a |
| Net profit | €9k | €131 | €7k | €14k |
| Cash flow | n/a | n/a | n/a | n/a |
| Staff costs | - | - | - | - |
| Income taxes | €2k | €36 | €3k | €4k |
| Dividends | - | - | - | - |
| Total assets | €1.85M | €1.76M | €1.68M | €1.67M |
| Equity | €1.67M | €1.67M | €1.66M | €1.66M |
| Debt | €176k | €96k | €18k | €15k |
| of which ≤ 1y | €176k | €95k | €18k | €15k |
| of which > 1y | - | - | - | - |
| Working capital | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a |
| Solvency | 90.5% | 94.6% | 98.9% | 99.1% |
| Debt / equity | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a |
| ROA | 0.5% | 0.0% | 0.4% | 0.8% |
| ROE | 0.6% | 0.0% | 0.4% | 0.8% |
| EBITDA margin | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a |
Full annual accounts (23 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.85M | €1.76M | €1.68M | €1.67M |
| Fixed assets | 21/28 | €1.60M | €1.62M | €1.46M | €1.48M |
| Intangible fixed assets | 21 | €263k | €280k | €298k | €315k |
| Tangible fixed assets | 22/27 | €309k | €310k | €135k | €135k |
| Financial fixed assets | 28 | €1.03M | €1.03M | €1.03M | €1.03M |
| Current assets | 29/58 | €249k | €141k | €220k | €193k |
| Amounts receivable within one year | 40/41 | €247k | €140k | €178k | €167k |
| Cash & bank | 54/58 | €1k | €57 | €42k | €26k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.85M | €1.76M | €1.68M | €1.67M |
| Equity | 10/15 | €1.67M | €1.67M | €1.66M | €1.66M |
| Contributions / capital | 10/11 | €1.05M | €1.05M | €1.05M | €1.05M |
| Reserves | 13 | €624k | €615k | €615k | €608k |
| Amounts payable | 17/49 | €176k | €96k | €18k | €15k |
| Amounts payable within one year | 42/48 | €176k | €95k | €18k | €15k |
| Trade debts payable within one year | 44 | €52k | €138 | €2k | €5k |
| Income statement | |||||
| Gross operating margin | 9900 | €45k | €37k | €31k | €39k |
| Operating result | 9901 | €12k | €422 | €9k | €18k |
| Financial income | 75 | €22 | - | €154 | - |
| Financial charges | 65 | €54 | €255 | €21 | €85 |
| Result before taxes | 9903 | €12k | €167 | €9k | €17k |
| Income taxes | 67/77 | €2k | €36 | €3k | €4k |
| Net result for the period | 9904 | €9k | €131 | €7k | €14k |
| Result to be appropriated | 9905 | €9k | €131 | €7k | €14k |
-
D2Private limited companyDirector· perm. rep.: Dimitri DanielsState Gazette act 26357346 (01-09-2026)Current03-01-2025 → present
-
Current03-01-2025 → present
Former directors (2)
-
Former- → 02-01-2025
-
Former- → 02-01-2025
| NACE primary | Activities of holding companies(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 04-07-2008 |
| Status | Active |
| Postal code | 3590 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71011A0040/02Z017 | Flanders | 4,945 m² | 1 · 251 m² | 9.5 m · 2 fl. |
01-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Permanent representative7 facts ▸
- General meeting, 2025-01-02
- Director appointment, WS (bestuurder)
- Director appointment, D2 (bestuurder)
- Permanent representative, Wilfried Daniels
- Permanent representative, Dimitri Daniels
- Director resignation, Dimitri Daniels (bestuurder)
- Director resignation, Wilfried Daniels (bestuurder)
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
01-09-2026 Act object · General meeting · Officer appointment · Permanent representative
- Act object: ONTSLAGEN, BENOEMINGEN · DS2
- Publication: 2026-09-01 · DS2
- Filing: 2026-08-28 · DS2
- General meeting: 2025-01-02 · DS2
- Officer appointment: role: bestuurder, term: onbepaalde duur, start_date: 2025-01-03 · WS
- Officer appointment: role: bestuurder, term: onbepaalde duur, start_date: 2025-01-03 · D2
- Permanent representative: start_date: 2025-01-03 · Wilfried Daniels
- Permanent representative: start_date: 2025-01-03 · Dimitri Daniels
- Officer resignation: role: bestuurder, end_date: 2025-01-02 · Dimitri Daniels
- Officer resignation: role: bestuurder, end_date: 2025-01-02 · Wilfried Daniels
- Filing representative: lasthebber · Gerrits Mathijs
Technical details
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}02-03-2023 1 director appointed, 1 resigning
- Daniels Dimitri, Bestuurder
- Daniels Erik, Bestuurder
Technical details
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}| Legal nameNL | DS2 |