DSA HOLDING
DSA HOLDING 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 €15.69M and a net result of €830k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 2347 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €15.69M |
| Net result | €830k |
| Better than sector | 47% |
| Active | 5 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 | 57.9% | 61.4% | |
| Net result | €830k | €102k | |
| Equity | €15.69M | €5.05M | |
| Total assets | €27.11M | €11.07M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | n/a | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a | n/a |
| Net profit | €830k | €1.44M | €1.72M | €1.99M | €3.91M |
| Cash flow | n/a | n/a | n/a | n/a | n/a |
| Staff costs | - | - | - | - | - |
| Income taxes | €240k | €462k | €465k | €463k | €206k |
| Dividends | €830k | - | - | - | - |
| Total assets | €27.11M | €30.55M | €31.09M | €31.25M | €30.57M |
| Equity | €15.69M | €15.69M | €14.25M | €12.53M | €10.54M |
| Debt | €11.42M | €14.86M | €16.84M | €18.72M | €20.03M |
| of which ≤ 1y | €11.36M | €2.53M | €2.67M | €2.72M | €2.19M |
| of which > 1y | €0 | €12.16M | €13.99M | €15.83M | €17.66M |
| Working capital | n/a | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a | n/a |
| Solvency | 57.9% | 51.4% | 45.8% | 40.1% | 34.5% |
| Debt / equity | n/a | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a | n/a |
| ROA | 3.1% | 4.7% | 5.5% | 6.4% | 12.8% |
| ROE | 5.3% | 9.2% | 12.1% | 15.9% | 37.1% |
| EBITDA margin | n/a | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a | n/a |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €27.11M | €30.55M | €31.09M | €31.25M | €30.57M |
| Fixed assets | 21/28 | €26.97M | €26.97M | €26.97M | €26.97M | €26.97M |
| Financial fixed assets | 28 | €26.97M | €26.97M | €26.97M | €26.97M | €26.97M |
| Current assets | 29/58 | €145k | €3.59M | €4.13M | €4.29M | €3.60M |
| Stocks & contracts in progress | 3 | €0 | - | - | - | - |
| Amounts receivable within one year | 40/41 | €31k | €3.20M | €3.89M | €3.89M | €3.45M |
| Cash & bank | 54/58 | €113k | €394k | €233k | €393k | €153k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €27.11M | €30.55M | €31.09M | €31.25M | €30.57M |
| Equity | 10/15 | €15.69M | €15.69M | €14.25M | €12.53M | €10.54M |
| Contributions / capital | 10/11 | €6.63M | €6.63M | €6.63M | €6.63M | €6.63M |
| Reserves | 13 | €9.06M | €9.06M | €7.62M | €5.90M | €3.91M |
| Amounts payable | 17/49 | €11.42M | €14.86M | €16.84M | €18.72M | €20.03M |
| Amounts payable after one year | 17 | €0 | €12.16M | €13.99M | €15.83M | €17.66M |
| Amounts payable within one year | 42/48 | €11.36M | €2.53M | €2.67M | €2.72M | €2.19M |
| Trade debts payable within one year | 44 | €983 | €30k | €52k | €50k | €9k |
| Income statement | ||||||
| Turnover | 70 | €1.75M | - | - | - | - |
| Gross operating margin | 9900 | - | €2.69M | €2.73M | €2.73M | €1.92M |
| Operating result | 9901 | €1.50M | €2.69M | €2.73M | €2.73M | €1.92M |
| Financial income | 75 | €355k | €52k | €326k | €599k | €3.29M |
| Financial charges | 65 | €786k | €841k | €867k | €880k | €1.10M |
| Result before taxes | 9903 | €1.07M | €1.90M | €2.19M | €2.45M | €4.12M |
| Income taxes | 67/77 | €240k | €462k | €465k | €463k | €206k |
| Net result for the period | 9904 | €830k | €1.44M | €1.72M | €1.99M | €3.91M |
| Result to be appropriated | 9905 | €830k | €1.44M | €1.72M | €1.99M | €3.91M |
| NACE primary | Activities of holding companies(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 24-09-2020 |
| Status | Active |
| Postal code | 3550 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352C0650/00X002 | Flanders | 7,434 m² | 1 · 2,995 m² | 8.1 m · 2 fl. |
19-08
State Gazette act
Board meeting · Registered-office moveBoard meeting · Registered-office move · Permanent representative3 facts ▸
- Board meeting, 2026-07-23
- Registered-office move, DE BORCHGRAVESTRAAT 4430 3800 SINT-TRUIDEN
- Permanent representative, MEES Joris
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
19-08-2026 Act object · Board meeting · Seat change · Permanent representative
- Act object: ZETELWIJZIGING · DSA HOLDING
- Publication: 2026-08-19 · DSA HOLDING
- Filing: 2026-08-11 · DSA HOLDING
- Board meeting: 2026-07-23 · DSA HOLDING
- Seat change: to: DE BORCHGRAVESTRAAT 4430 3800 SINT-TRUIDEN, from: Waterlozenstraat 10 te 3550 Heusden-Zolder, effective_date: 2026-07-23 · DSA HOLDING
- Permanent representative · MEES Joris
Technical details
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}22-07-2025 1 director appointed, 3 resigning
- MEES Joris, Vaste vertegenwoordiger
- HAYEN Véronique, Vaste vertegenwoordiger
- VERBRUGGE Jan, Vaste vertegenwoordiger
- MEES Joris, Vaste vertegenwoordiger
Technical details
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}| Legal nameNL | DSA HOLDING |