DSB PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of DSB PROJECTS is 2.3% (moderate). The 2024 annual accounts show equity of €188k and a net result of €148k. Its solvency ranks better than 14% of 2095 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 €7k 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.
Credit check for your own amount and term
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 2095 sector peers (2024).
NBB · sector comparisonPosition among 2095 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 →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€188k▲ 379%
2023 · €39k
2023: €39k
2024: €188k▲ +379% vs 2023
2023 → 2024
Total assets
€2.91M▲ 44.9%
2023 · €2.00M
2023: €2.00M
2024: €2.91M▲ +44.9% vs 2023
2023 → 2024
Net result
€148k
2023 · €-31k
2023: €-31k
2024: €148k▲ +582% vs 2023
2023 → 2024
Working capital
€203k▲ 274%
2023 · €54k
2023: €54k
2024: €203k▲ +274% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€39k-€188k▲ 379%
2023: €39k
2024: €188k▲ +379% vs 2023
Operating result€55k-€375k▲ 587%
2023: €55k
2024: €375k▲ +587% vs 2023
Net result€-31k-€148k
2023: €-31k
2024: €148k▲ +582% vs 2023
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 €2.91M
Fixed assets
€185k =
Current assets
€2.72M ▲ 49.5%
Equity and liabilities €2.91M
Equity
€188k ▲ 379%
Debt
€2.72M ▲ 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
€2.52M▲
2023 · €1.77M
Debt > 1 year
€200k=
2023 · €200k
Income taxes
€39k
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.00M€2.91M▲
Fixed assets21/28€185k€185k=
Financial fixed assets28€185k€185k=
Current assets29/58€1.82M€2.72M▲
Stocks and contracts in progress3€1.09M€1.32M▲
Stocks30/36€1.09M€1.16M▲
Contracts in progress37-€155k
Amounts receivable within one year40/41€627k€861k▲
Trade receivables40€132k€0▼
Other amounts receivable41€496k€861k▲
Cash at bank and in hand54/58€98k€542k▲
Equity and liabilities
Total equity and liabilities10/49€2.00M€2.91M▲
Equity10/15€39k€188k▲
Contributions10/11€70k€70k=
Reserves13-€118k
Distributable reserves133-€118k
Profit (loss) carried forward14€-31k€0▲
Amounts payable17/49€1.97M€2.72M▲
Amounts payable after more than one year17€200k€200k=
Other amounts payable178/9€200k€200k=
Amounts payable within one year42/48€1.77M€2.52M▲
Financial debts43€849k€1.37M▲
Credit institutions430/8€849k€1.37M▲
Trade debts44€372k€414k▲
Suppliers440/4€372k€414k▲
Advances received on contracts in progress46€61k€33k▼
Taxes, remuneration and social security45-€219k
Taxes450/3-€219k
Other amounts payable47/48€484k€484k=
Income statement
Code20232024
Other operating charges640/8€3k€2k▼
Gross operating margin9900€58k€376k▲
Operating profit (loss)9901€55k€375k▲
Financial income75/76B-€7k
Recurring financial income75-€7k
Financial charges65/66B€85k€194k▲
Recurring financial charges65€85k€194k▲
Profit (loss) for the period before taxes9903€-31k€188k▲
Income taxes67/77-€39k
Profit (loss) for the period9904€-31k€148k▲
Profit (loss) for the period to be appropriated9905€-31k€148k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€118k▲
Profit (loss) brought forward from the previous period14P-€-31k
Transfer to equity691/2-€118k
To other reserves6921-€118k
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Other operating charges640/8 | €3k | €2k | ▼ 43.6% |
| Gross operating margin9900 | €58k | €376k | ▲ 552% |
| Operating profit (loss)9901 | €55k | €375k | ▲ 587% |
| Financial income75/76B | - | €7k | - |
| Recurring financial income75 | - | €7k | - |
| Financial charges65/66B | €85k | €194k | ▲ 127% |
| Recurring financial charges65 | €85k | €194k | ▲ 127% |
| Profit (loss) for the period before taxes9903 | €-31k | €188k | ▲ 710% |
| Income taxes67/77 | - | €39k | - |
| Profit (loss) for the period9904 | €-31k | €148k | ▲ 582% |
| Profit (loss) for the period to be appropriated9905 | €-31k | €148k | ▲ 582% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.00M | €2.91M | ▲ 44.9% |
| Fixed assets21/28 | €185k | €185k | = |
| Financial fixed assets28 | €185k | €185k | = |
| Current assets29/58 | €1.82M | €2.72M | ▲ 49.5% |
| Stocks and contracts in progress3 | €1.09M | €1.32M | ▲ 20.4% |
| Stocks30/36 | €1.09M | €1.16M | ▲ 6.3% |
| Contracts in progress37 | - | €155k | - |
| Amounts receivable within one year40/41 | €627k | €861k | ▲ 37.2% |
| Trade receivables40 | €132k | €0 | ▼ 100% |
| Other amounts receivable41 | €496k | €861k | ▲ 73.8% |
| Cash at bank and in hand54/58 | €98k | €542k | ▲ 452% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.00M | €2.91M | ▲ 44.9% |
| Equity10/15 | €39k | €188k | ▲ 379% |
| Contributions10/11 | €70k | €70k | = |
| Reserves13 | - | €118k | - |
| Distributable reserves133 | - | €118k | - |
| Profit (loss) carried forward14 | €-31k | €0 | ▲ 100% |
| Amounts payable17/49 | €1.97M | €2.72M | ▲ 38.3% |
| Amounts payable after more than one year17 | €200k | €200k | = |
| Other amounts payable178/9 | €200k | €200k | = |
| Amounts payable within one year42/48 | €1.77M | €2.52M | ▲ 42.6% |
| Financial debts43 | €849k | €1.37M | ▲ 61.1% |
| Credit institutions430/8 | €849k | €1.37M | ▲ 61.1% |
| Trade debts44 | €372k | €414k | ▲ 11.2% |
| Suppliers440/4 | €372k | €414k | ▲ 11.2% |
| Advances received on contracts in progress46 | €61k | €33k | ▼ 44.9% |
| Taxes, remuneration and social security45 | - | €219k | - |
| Taxes450/3 | - | €219k | - |
| Other amounts payable47/48 | €484k | €484k | = |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-31k | €148k | ▲ 582% |
| Operating cash flow (approximation) | €-31k | €148k | ▲ 582% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €443k | - |
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 €148k
Net result €148k after one loss-making year.
31-12
Financial
Equity above €150kEq €188k ▲379%
Equity rises from €39k to €188k.
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
SCHALLEY MICHEL
BE 0668.408.885
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Claude FORTEMPS & Fils
BE 0811.539.216
Visé · Eq €187,834
C.A.L. Construct
BE 0684.720.030
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LR Holding
BE 0794.459.197
Kraainem · Eq €187,896
KREMA BOUW
BE 0816.766.130
Oostkamp · Eq €187,909
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,221 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.