DSB PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of DSB PROJECTS is 2.3% (moderate). The 2024 annual accounts show equity of €187,551 and a net result of €148,356. Its solvency ranks better than 14% of 2097 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability50▲+16
Solvency31▲+4
Growth78
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.03 in 2023; short-term debt: 86.7% and cash: 18.6% of total assets), and 93.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 2097 sector peers (2024).
NBB · sector comparisonPosition among 2097 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 61 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#6 company by total assets in Middelkerke, Construction sector
Equity
€187,551▲ 379%
2023 · €39,195
Total assets
€2.9m▲ 44.9%
2023 · €2.0m
Net result
€148,356
2023 · -€30,805
Working capital
€202,551▲ 274%
2023 · €54,195
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€54,547-€374,501▲ 587%
Net result-€30,805-€148,356
Equity€39,195-€187,551▲ 379%
Total assets€2.0m-€2.9m▲ 44.9%
Debt€2.0m-€2.7m▲ 38.3%
Working capital€54,195-€202,551▲ 274%
Staff (FTE)0-
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 587% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.9m
Fixed assets
€185,000 =
Current assets
€2.7m ▲ 49.5%
Equity and liabilities €2.9m
Equity
€187,551 ▲ 379%
Debt
€2.7m ▲ 38.3%
Debt's share of the balance-sheet total falls from 98.0% to 93.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.08▲
2023 · 1.03
Quick ratio
0.56▲
2023 · 0.41
Debt to equity
14.49▼
2023 · 50.15
ROE
79.1%▲
2023 · -78.6%
ROA
5.1%▲
2023 · -1.5%
Debt ≤ 1 year
€2.5m▲
2023 · €1.8m
Debt > 1 year
€200,000=
2023 · €200,000
Income taxes
€39,402
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Other operating charges640/8 | €3,144 | €1,773 | ▼ 43.6% |
| Gross operating margin9900 | €57,691 | €376,274 | ▲ 552% |
| Operating profit (loss)9901 | €54,547 | €374,501 | ▲ 587% |
| Financial income75/76B | - | €7,063 | - |
| Recurring financial income75 | - | €7,063 | - |
| Financial charges65/66B | €85,351 | €193,807 | ▲ 127% |
| Recurring financial charges65 | €85,351 | €193,807 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | -€30,805 | €187,757 | ▲ 710% |
| Income taxes67/77 | - | €39,402 | - |
| Profit (loss) for the period9904 | -€30,805 | €148,356 | ▲ 582% |
| Profit (loss) for the period to be appropriated9905 | -€30,805 | €148,356 | ▲ 582% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.0m | €2.9m | ▲ 44.9% |
| Fixed assets21/28 | €185,000 | €185,000 | = |
| Financial fixed assets28 | €185,000 | €185,000 | = |
| Current assets29/58 | €1.8m | €2.7m | ▲ 49.5% |
| Stocks and contracts in progress3 | €1.1m | €1.3m | ▲ 20.4% |
| Stocks30/36 | €1.1m | €1.2m | ▲ 6.3% |
| Contracts in progress37 | - | €155,138 | - |
| Amounts receivable within one year40/41 | €627,458 | €861,000 | ▲ 37.2% |
| Trade receivables40 | €131,950 | €0 | ▼ 100% |
| Other amounts receivable41 | €495,509 | €861,000 | ▲ 73.8% |
| Cash at bank and in hand54/58 | €98,147 | €541,624 | ▲ 452% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.0m | €2.9m | ▲ 44.9% |
| Equity10/15 | €39,195 | €187,551 | ▲ 379% |
| Contributions10/11 | €70,000 | €70,000 | = |
| Reserves13 | - | €117,551 | - |
| Distributable reserves133 | - | €117,551 | - |
| Profit (loss) carried forward14 | -€30,805 | €0 | ▲ 100% |
| Amounts payable17/49 | €2.0m | €2.7m | ▲ 38.3% |
| Amounts payable after more than one year17 | €200,000 | €200,000 | = |
| Other amounts payable178/9 | €200,000 | €200,000 | = |
| Amounts payable within one year42/48 | €1.8m | €2.5m | ▲ 42.6% |
| Financial debts43 | €849,000 | €1.4m | ▲ 61.1% |
| Credit institutions430/8 | €849,000 | €1.4m | ▲ 61.1% |
| Trade debts44 | €372,053 | €413,896 | ▲ 11.2% |
| Suppliers440/4 | €372,053 | €413,896 | ▲ 11.2% |
| Advances received on contracts in progress46 | €60,550 | €33,350 | ▼ 44.9% |
| Taxes, remuneration and social security45 | - | €219,360 | - |
| Taxes450/3 | - | €219,360 | - |
| Other amounts payable47/48 | €484,000 | €484,000 | = |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€30,805 | €148,356 | ▲ 582% |
| Operating cash flow (approximation) | -€30,805 | €148,356 | ▲ 582% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €443,477 | - |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
2024
31-12
Financial
Back to profitnet €148,356
Net result €148,356 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €187,551 ▲379%
Equity rises from €39,195 to €187,551.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Middelkerke · 1 establishment unit since 2022
Ground area
192 m²
Building footprint
183 m²
Volume, LiDAR
943 m³
Parcel 35010B0081/00L000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
DSB Projects
since 20222.332.010.058
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35010B0081/00L000 | Flanders | 192 m² | 1 · 183 m² | 8.3 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.
Similar companies · same sector, comparable size
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BE 0811.539.216
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C.A.L. Construct
BE 0684.720.030
Fontaine-l'Evêque · Eq €187,265
LR Holding
BE 0794.459.197
Kraainem · Eq €187,896
KREMA BOUW
BE 0816.766.130
Oostkamp · Eq €187,909
Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 12,218 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
Founded04-05-2022
Fiscal year end31-12
Abbreviation NL
DSB
Activities, NACEBEL 2025
41001General construction of residential buildings
68122Development of non-residential building projects
43110Demolition
68110Buying and selling of own real estate
68310Real estate agency activities
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.