Summary
DS2 is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.7m and a net result of €567. Equity has been stable since 2018 (±0.5% per year). Its solvency ranks better than 81% of 6,694 sector peers (NACE 64, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-07-2008 Normal situation
- Activity
- Activities of holding companies NACE 64210
- Establishment unit
- 2.292.702.589 3590 Diepenbeek, since 04-07-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Board and ownership
Board
Shareholders
- D250%2025 annual accounts of D2
- Holdings
- Shares in 1 company BOUWWERKEN DANIELS
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €567
- ▼ 94.0%
- Equity
- €1.7m
- =
- Total assets
- €2.0m
- ▲ 6.5%
- 2025 accounts filed 48 days after the deadline
Signalsraises risk2025 accounts filed 48 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 48 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 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 · 10 filingsDeviation from the deadline
2025
48 days late
2024
29 days early
2023
30 days late
2022
31 days late
2021
5 days early
2020
31 days late
2019
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 48 days after the deadline Filed on 17 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00517267.
Annual accounts 2025 filed on 17-09-2026 at the NBB all 17 filings
Equity
€1.7m=
2024 · €1.7m
Net result
€567▼ 94.0%
2024 · €9,397
Total assets
€2.0m▲ 6.5%
2024 · €1.9m
Solvency
85.0%▼ 5.5pp
2024 · 90.5%
In the rankings
#8 company by equity in Diepenbeek, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€6,976
▼ 40.9%
2025
20182025
Net result
€567
▼ 94.0%
2025
lowest quarter of the sector
20182025
Equity
€1.7m
=
2025
middle half of the sector
20182025
Total assets
€2.0m
▲ 6.5%
2025
middle half of the sector
20182025
Debt
€296,155
▲ 68.1%
2025
20182025
Working capital
€86,304
▲ 18.7%
2025
middle half of the sector
20182025
Solvency
85.0%
▼ 5.5pp
2025
highest quarter of the sector
20182025
Current ratio
1.46
▲ 0.05
2025
middle half of the sector
20182025
Return on assets (ROA)
0.0%
▼ 0.5pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
0
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.002m▼ 94.1%-€0.03m€0.02m€0.009m▼ 48.4%€422▼ 95.3%€0.01m▲ 28×€0.007m▼ 40.9%
Net result€0.02m-€0.001m▼ 94.3%-€0.03mbelow the sector's middle half€0.01mwithin the sector's middle half€0.007mwithin the sector's middle half▼ 52.0%€131below the sector's middle half▼ 98.0%€0.009mwithin the sector's middle half▲ 72×€0.001mbelow the sector's middle half▼ 94.0%
Equity€1.6m-€1.6m▲ 0.1%€1.6mabove the sector's middle half▼ 0.5%€1.7mabove the sector's middle half▲ 2.7%€1.7mabove the sector's middle half▲ 0.4%€1.7mabove the sector's middle half=€1.7mabove the sector's middle half▲ 0.6%€1.7mwithin the sector's middle half=
Total assets€1.7m-€1.7m▲ 0.6%€1.7mabove the sector's middle half▼ 0.8%€1.7mabove the sector's middle half▲ 0.8%€1.7mabove the sector's middle half▲ 0.6%€1.8mabove the sector's middle half▲ 4.6%€1.9mabove the sector's middle half▲ 5.1%€2.0mwithin the sector's middle half▲ 6.5%
Debt€0.04m-€0.05m▲ 21.7%€0.04m▼ 9.1%€0.01m▼ 66.7%€0.02m▲ 20.5%€0.1m▲ 433%€0.2m▲ 84.4%€0.3m▲ 68.1%
Working capital€0.04m-€0.04m▲ 3.1%€0.1mwithin the sector's middle half▲ 171%€0.2mabove the sector's middle half▲ 52.3%€0.2mabove the sector's middle half▲ 13.5%€0.05mwithin the sector's middle half▼ 77.6%€0.07mwithin the sector's middle half▲ 60.3%€0.09mwithin the sector's middle half▲ 18.7%
Solvency97.6%-97.1%▼ 0.5pp97.3%above the sector's middle half▲ 0.2pp99.1%above the sector's middle half▲ 1.8pp98.9%above the sector's middle half▼ 0.2pp94.6%above the sector's middle half▼ 4.4pp90.5%above the sector's middle half▼ 4.1pp85.0%above the sector's middle half▼ 5.5pp
Current ratio2.04-1.88▼ 0.163.62within the sector's middle half▲ 1.7412.98above the sector's middle half▲ 9.3712.29above the sector's middle half▼ 0.691.48within the sector's middle half▼ 10.811.41within the sector's middle half▼ 0.061.46within the sector's middle half▲ 0.05
Return on assets (ROA)1.4%-0.1%▼ 1.3pp-1.7%below the sector's middle half▼ 1.8pp0.8%below the sector's middle half▲ 2.6pp0.4%below the sector's middle half▼ 0.4pp0.0%below the sector's middle half▼ 0.4pp0.5%below the sector's middle half▲ 0.5pp0.0%below the sector's middle half▼ 0.5pp
Staff (FTE)0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 41% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.7m ▲ 6.0%
Current assets
€274,009 ▲ 10.1%
Equity and liabilities €2.0m
Equity
€1.7m =
Debt
€296,155 ▲ 68.1%
Debt's share of the balance-sheet total rises from 9.5% to 15.0%. Debt is higher.
Key figures and ratios
ROE
0.0%▼
2024 · 0.6%
Debt ≤ 1 year
€187,705▲
2024 · €176,167
Debt > 1 year
€107,833
Income taxes
€1,017▼
2024 · €2,379
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €188,535 | €10,800 | €140,997 |
| Depreciation and write-downs of the year | €17,513 | €17,513 | €31,183 | €28,893 | €45,593 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €17,513 | €17,513 | €17,513 | €31,183 | €28,893 | €45,593 | ▲ 57.8% |
| Other operating charges640/8 | - | - | - | €3,979 | €4,002 | €5,207 | €4,533 | €3,633 | ▼ 19.9% |
| Gross operating margin9900 | €33,118 | €2,801 | -€6,112 | €39,026 | €30,568 | €36,811 | €45,234 | €56,202 | ▲ 24.2% |
| Operating profit (loss)9901 | €31,557 | €1,871 | -€28,668 | €17,534 | €9,052 | €422 | €11,807 | €6,976 | ▼ 40.9% |
| Financial income75/76B | - | - | - | - | €154 | - | €22 | €10 | ▼ 55.2% |
| Recurring financial income75 | €0 | - | - | - | €154 | - | €22 | €10 | ▼ 55.2% |
| Financial charges65/66B | - | - | - | €85 | €21 | €255 | €54 | €5,401 | ▲ 100× |
| Recurring financial charges65 | €110 | €114 | €124 | €85 | €21 | €255 | €54 | €5,401 | ▲ 100× |
| Profit (loss) for the period before taxes9903 | €31,447 | €1,757 | -€28,792 | €17,449 | €9,186 | €167 | €11,776 | €1,584 | ▼ 86.5% |
| Income taxes67/77 | €8,929 | €467 | - | €3,695 | €2,588 | €36 | €2,379 | €1,017 | ▼ 57.2% |
| Profit (loss) for the period9904 | €22,519 | €1,291 | -€28,792 | €13,755 | €6,598 | €131 | €9,397 | €567 | ▼ 94.0% |
| Profit (loss) for the period to be appropriated9905 | €22,519 | €1,291 | -€28,792 | €13,755 | €6,598 | €131 | €9,397 | €567 | ▼ 94.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.8m | €1.9m | €2.0m | ▲ 6.5% |
| Fixed assets21/28 | €1.6m | €1.6m | €1.5m | €1.5m | €1.5m | €1.6m | €1.6m | €1.7m | ▲ 6.0% |
| Intangible fixed assets21 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 6.7% |
| Tangible fixed assets22/27 | - | - | €0.1m | €0.1m | €0.1m | €0.3m | €0.3m | €0.4m | ▲ 36.5% |
| Land and buildings22 | - | - | - | €0.1m | €0.1m | €0.3m | €0.3m | €0.3m | ▼ 3.0% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | - | €0.1m | - |
| Financial fixed assets28 | €1.6m | €1.6m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Current assets29/58 | €0.08m | €0.09m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | ▲ 10.1% |
| Amounts receivable within one year40/41 | €0.08m | €0.07m | €0.1m | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | ▲ 8.5% |
| Trade receivables40 | - | - | - | €0.08m | €0.06m | €0.1m | €0.2m | €0.3m | ▲ 6.4% |
| Other amounts receivable41 | - | - | - | €0.09m | €0.1m | €0.001m | €398 | €0.006m | ▲ 14× |
| Cash at bank and in hand54/58 | €0.007m | €0.02m | €0.04m | €0.03m | €0.04m | €57 | €0.001m | €0.005m | ▲ 359% |
| Deferred charges and accrued income490/1 | - | - | - | - | €154 | €0.001m | €0.001m | €0.001m | ▲ 17.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.8m | €1.9m | €2.0m | ▲ 6.5% |
| Equity10/15 | €1.6m | €1.6m | €1.6m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Contributions10/11 | €1.1m | €1.1m | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 0.1% |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.05m | €0.05m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | €0.6m | €0.6m | €0.6m | ▲ 0.1% |
| Profit (loss) carried forward14 | - | - | -€0.03m | - | - | - | - | - | - |
| Amounts payable17/49 | €0.04m | €0.05m | €0.04m | €0.01m | €0.02m | €0.1m | €0.2m | €0.3m | ▲ 68.1% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | - | €0.1m | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €0.1m | - |
| Amounts payable within one year42/48 | €0.04m | €0.05m | €0.04m | €0.01m | €0.02m | €0.1m | €0.2m | €0.2m | ▲ 6.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €0.01m | - |
| Trade debts44 | €0.002m | €0.03m | €0.03m | €0.005m | €0.002m | €138 | €0.05m | €0.1m | ▲ 113% |
| Suppliers440/4 | - | - | - | €0.005m | €0.002m | €138 | €0.05m | €0.1m | ▲ 113% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.02m | €0.02m | €0.05m | €423 | ▼ 99.1% |
| Taxes450/3 | - | - | - | €0.004m | €0.01m | €0.02m | €0.05m | €423 | ▼ 99.1% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.006m | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €0.08m | €0.08m | €0.06m | ▼ 16.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €148 | - | €0.001m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,519 | €1,291 | -€28,792 | €13,755 | €6,598 | €131 | €9,397 | €567 | ▼ 94.0% |
| + Depreciation and write-downs630 | - | - | €17,513 | €17,513 | €17,513 | €31,183 | €28,893 | €45,593 | ▲ 57.8% |
| Operating cash flow (approximation) | €22,519 | €1,291 | -€11,279 | €31,268 | €24,111 | €31,314 | €38,290 | €46,160 | ▲ 20.6% |
| Investment in fixed assets (approximation) | - | €0 | €64,962 | €0 | €0 | -€188,535 | -€10,800 | -€140,997 | ▼ 1,206% |
| Change in cash | - | €14,751 | €21,992 | -€17,088 | €16,041 | -€42,405 | €1,066 | €4,035 | ▲ 279% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-09-2026 | 2026-00517267 | |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00247540 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00455378 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00429286 | |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20229629 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64900421 | |
| 31-12-2019 | micro format | 08-07-2020 | 2020-27900230 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-58100122 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-51100600 | |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-53100268 |
Board & ownership
Directors
Directors
3 directors, last change in 2025
Board 3
D2
Current
Director · appointed in the act of 01-09-2026 · term without a fixed end · Private limited company · permanent representative: Dimitri Daniels · also on the board of 1 other company
WS
Current
Director · appointed in the act of 01-09-2026 · term without a fixed end · Limited partnership · permanent representative: Wilfried Daniels · listed in the 2025 annual accounts, filed on 17-09-2026
D2 BV
Current
Director · Legal entity · listed in the 2025 annual accounts, filed on 17-09-2026
Permanent representatives 2
Dimitri Daniels
Current
Permanent representative · appointed in the act of 01-09-2026 · for D2
Wilfried Daniels
Current
Permanent representative · appointed in the act of 01-09-2026 · for WS
Owners and capital
Shareholders
1 ownerOwners 1
-
50%
Mandate history
6 people, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| D2 |
|
| WS |
|
| D2 BV |
|
| Daniels Dimitri |
|
| Wilfried Daniels |
|
| Daniels Erik |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- BOUWWERKEN DANIELSsubsidiarySourceown accounts 2025Equity €1.3m Profit of €333,996 in 2025 (profit of €396,004 in 2024) Checked score 8699.67%
Companies at the same address
4 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
HILSON
Shared corporate director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
17-09
abbreviated format · 48 days late
01-09
Gazette deed
2 directors appointed, 2 directors resigningAppointments: WS (director) and D2 (director) · Permanent representatives: Wilfried Daniels and Dimitri Daniels · Resignations: Dimitri Daniels (director) and Wilfried Daniels (director)7 points ▸
Gazette deed
2 directors appointed, 2 directors resigning
Appointments: WS (director) and D2 (director) · Permanent representatives: Wilfried Daniels and Dimitri Daniels · Resignations: Dimitri Daniels (director) and Wilfried Daniels (director)7 points ▸
- General meeting, 02-01-2025
- Director appointment, WS (director)
- Director appointment, D2 (director)
- Permanent representative, Wilfried Daniels
- Permanent representative, Dimitri Daniels
- Director resignation, Dimitri Daniels (director)
- Director resignation, Wilfried Daniels (director)
2025
02-07
micro format · 29 days before the deadline
2024
30-08
micro format · 30 days late
2023
31-08
micro format · 31 days late
02-03
Gazette deed
Resignation: Daniels Erik (director)Appointment: Daniels Dimitri (director) · Director discharge4 points ▸
Gazette deed
Resignation: Daniels Erik (director)
Appointment: Daniels Dimitri (director) · Director discharge4 points ▸
- General meeting, 28-12-2022
- Director resignation, Daniels Erik (director)
- Director discharge, Daniels Erik (director)
- Director appointment, Daniels Dimitri (director)
2022
26-07
micro format · 5 days before the deadline
2021
31-12
Financial
Back to profitnet €13,755
The net result is €13,755, after one loss-making year.
31-12
Financial
Liquidity more than triplescurrent ratio 12.98
The current ratio rises from 3.62 to 12.98. Short-term debt falls from €44,739 to €14,879.
31-08
micro format · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€28,792
The net result drops to -€28,792, the lowest from 2018 to 2025. It recovers the following year.
08-07
micro format · 23 days before the deadline
Show earlier events
2019
30-08
abbreviated format · 30 days late
2018
27-08
micro format · 27 days late
2017
28-08
abbreviated format · 28 days late
2008
17-07
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
DS2 in Dutch
Enterprise number
0899.113.883
Legal form
Private limited company
Status
Active, normale toestand
Founded
04-07-2008
Entity type
Legal entity
Registered office and establishments
Registered office
Ginderoverstraat 99, 3590 Diepenbeek, Belgium
Establishment unit
DS2, Ginderoverstraat 99, 3590 Diepenbeek since 04-07-2008 · unit number 2.292.702.589
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
Invoicing and payment
VAT number
BE 0899.113.883
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
4,945 m²
Building footprint
251 m²
Building volume
1,550 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71011A0040/02Z017 | Flanders | 4,945 m² | 1 · 251 m² | 9.5 m · 2 |