DSD Projects
ActiveSummary
The computed 12-month bankruptcy probability of DSD Projects is 5.3% (elevated). For DSD Projects, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €93,621. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 53% of 8,793 sector peers (NACE 73, financial year 2024). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Public relations and communication consultancy
NACE 73300
1 site
Size
€162,252total assets 2024
- Equity
- €93,621
Turnover not published (micro format)
Financial health
- Bankruptcy probabilitywithin 12 months
- 5.3%
Too few figures to score
Structure
2025 accounts not filed, 87 days past the deadline2 deeds in the Belgian Official Gazette
Signalsraises risk1 financial year not filed after the legal deadline; last filed accounts filed 210 days late; 2 of the last 3 lateFigures for financial year 2024 (filed 28-02-2026)Size: total assets €162,252Annual accounts not filed2024 accounts filed 210 days latelowers riskSector: Advertising, market research and public relations activities (NACE 73)Show the evidence
Bankruptcy probability
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability.
Bankruptcy probability: Elevated
Filing: One filing cycle is missing
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.0%lowest value
12-2024: 2.3%▲ +0.3 percentage points vs 11-2024
01-2025: 3.0%▲ +0.7 percentage points vs 12-2024
02-2025: 3.0%● unchanged vs 01-2025
03-2025: 3.2%▲ +0.2 percentage points vs 02-2025
04-2025: 3.0%▼ -0.2 percentage points vs 03-2025
05-2025: 3.0%● unchanged vs 04-2025
06-2025: 2.9%▼ -0.1 percentage points vs 05-2025
07-2025: 2.8%▼ -0.1 percentage points vs 06-2025
08-2025: 5.1%▲ +2.3 percentage points vs 07-2025
09-2025: 5.1%● unchanged vs 08-2025
10-2025: 4.8%▼ -0.3 percentage points vs 09-2025
11-2025: 4.7%▼ -0.1 percentage points vs 10-2025
12-2025: 4.7%● unchanged vs 11-2025
01-2026: 4.7%● unchanged vs 12-2025
02-2026: 4.8%▲ +0.1 percentage points vs 01-2026
03-2026: 2.7%▼ -2.1 percentage points vs 02-2026
04-2026: 2.7%● unchanged vs 03-2026
05-2026: 2.7%● unchanged vs 04-2026
06-2026: 2.6%▼ -0.1 percentage points vs 05-2026
07-2026: 2.6%● unchanged vs 06-2026
08-2026: 3.3%▲ +0.7 percentage points vs 07-2026
09-2026: 4.0%▲ +0.7 percentage points vs 08-2026
10-2026: 5.3%▲ +1.3 percentage points vs 09-2026highest value
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Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 87 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline26-10-2026 today
raises risk · 2024 accounts filed 210 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-02-2026, 210 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
210 days late
2023
575 days late
2022
11 days early
2021
25 days early
2020
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 142 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
- General meeting · Director appointmentPermanent representative · Power of…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 27 October 2026.
Equity
€93,621▲ 23.5%
2023 · €75,826
Total assets
€162,252▲ 26.0%
2023 · €128,801
Net result
€27,512▲ 55.7%
2022 · €17,669
Working capital
€88,984▲ 28.3%
2023 · €69,361
Trend over the years
2020 to 2024, 5 financial years
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 75% above 2022 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€44,895
2023
Net result€27,512
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€162,252
2024
Equity€93,621
2024
Debt€68,630
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€88,984
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)21.4%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency57.7%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.36
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021202220232024
Operating result€11,393-€5,962▼ 47.7%€25,620▲ 330%€44,895▲ 75.2%
Net result€6,236within the sector's middle half-€2,282within the sector's middle half▼ 63.4%€17,669within the sector's middle half▲ 674%€27,512within the sector's middle half▲ 55.7%
Equity€28,364within the sector's middle half-€30,646within the sector's middle half▲ 8.0%€48,314within the sector's middle half▲ 57.7%€75,826within the sector's middle half▲ 56.9%€93,621within the sector's middle half▲ 23.5%
Total assets€98,365within the sector's middle half-€85,457within the sector's middle half▼ 13.1%€107,464within the sector's middle half▲ 25.8%€128,801within the sector's middle half▲ 19.9%€162,252within the sector's middle half▲ 26.0%
Debt€70,001-€54,812▼ 21.7%€59,150▲ 7.9%€52,975▼ 10.4%€68,630▲ 29.6%
Working capital€13,441within the sector's middle half-€12,205within the sector's middle half▼ 9.2%€32,085within the sector's middle half▲ 163%€69,361within the sector's middle half▲ 116%€88,984within the sector's middle half▲ 28.3%
Solvency28.8%within the sector's middle half-35.9%within the sector's middle half▲ 7.0pp45.0%within the sector's middle half▲ 9.1pp58.9%within the sector's middle half▲ 13.9pp57.7%within the sector's middle half▼ 1.2pp
Current ratio1.36within the sector's middle half-1.35within the sector's middle half=1.67within the sector's middle half▲ 0.322.41within the sector's middle half▲ 0.742.36within the sector's middle half▼ 0.05
Return on assets (ROA)6.3%within the sector's middle half-2.7%within the sector's middle half▼ 3.7pp16.4%within the sector's middle half▲ 13.8pp21.4%within the sector's middle half▲ 4.9pp
above
within
below
the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €162,252
Fixed assets
€7,731 ▼ 24.2%
Current assets
€154,520 ▲ 30.3%
Equity and liabilities €162,252
Equity
€93,621 ▲ 23.5%
Debt
€68,630 ▲ 29.6%
Debt's share of the balance-sheet total rises from 41.1% to 42.3%. Equity and debt are higher.
Key figures and ratios
Quick ratio
2.35▲
2023 · 2.24
Debt to equity
0.73▲
2023 · 0.70
Debt ≤ 1 year
€65,536▲
2023 · €49,247
Debt > 1 year
€3,094▼
2023 · €3,727
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,807 | €14,388 | €13,345 | €2,324 | - | - |
| Other operating charges640/8 | - | €889 | €1,627 | €13,825 | - | - |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €23,915 | €21,240 | €40,592 | €61,045 | - | - |
| Operating profit (loss)9901 | €11,393 | €5,962 | €25,620 | €44,895 | - | - |
| Financial income75/76B | - | €225 | €1,943 | €198 | - | - |
| Recurring financial income75 | €48 | €225 | €1,943 | €198 | - | - |
| Financial charges65/66B | - | €859 | €1,145 | €4,431 | - | - |
| Recurring financial charges65 | €1,029 | €859 | €1,145 | €4,431 | - | - |
| Profit (loss) for the period before taxes9903 | €10,411 | €5,328 | €26,418 | €40,662 | - | - |
| Income taxes67/77 | €4,175 | €3,046 | €8,749 | €13,150 | - | - |
| Profit (loss) for the period9904 | €6,236 | €2,282 | €17,669 | €27,512 | - | - |
| Profit (loss) for the period to be appropriated9905 | €6,236 | €2,282 | €17,669 | €27,512 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,365 | €85,457 | €107,464 | €128,801 | €162,252 | ▲ 26.0% |
| Fixed assets21/28 | €47,063 | €38,792 | €27,686 | €10,193 | €7,731 | ▼ 24.2% |
| Tangible fixed assets22/27 | €45,863 | €37,592 | €26,486 | €8,993 | €6,531 | ▼ 27.4% |
| Plant, machinery and equipment23 | - | €1,783 | €3,280 | €2,843 | €1,930 | ▼ 32.1% |
| Furniture and vehicles24 | - | €32,079 | €20,049 | €1,626 | €884 | ▼ 45.7% |
| Other tangible fixed assets26 | - | €3,729 | €3,157 | €4,524 | €3,718 | ▼ 17.8% |
| Financial fixed assets28 | €1,200 | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Current assets29/58 | €51,302 | €46,665 | €79,778 | €118,608 | €154,520 | ▲ 30.3% |
| Stocks and contracts in progress3 | €102 | €1,216 | €4,721 | €8,188 | €700 | ▼ 91.5% |
| Stocks30/36 | - | €1,216 | €4,721 | €8,188 | €700 | ▼ 91.5% |
| Amounts receivable within one year40/41 | €12,329 | €12,462 | €48,127 | €104,117 | €142,363 | ▲ 36.7% |
| Trade receivables40 | - | €0 | €5,663 | €16,945 | €14,939 | ▼ 11.8% |
| Other amounts receivable41 | - | €12,462 | €42,463 | €87,172 | €127,424 | ▲ 46.2% |
| Cash at bank and in hand54/58 | €9,072 | €6,130 | €6,603 | €3,940 | €10,299 | ▲ 161% |
| Deferred charges and accrued income490/1 | - | €26,858 | €20,328 | €2,364 | €1,159 | ▼ 51.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,365 | €85,457 | €107,464 | €128,801 | €162,252 | ▲ 26.0% |
| Equity10/15 | €28,364 | €30,646 | €48,314 | €75,826 | €93,621 | ▲ 23.5% |
| Contributions10/11 | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €26,864 | €29,146 | €46,814 | €74,326 | €92,121 | ▲ 23.9% |
| Distributable reserves133 | - | €29,146 | €46,814 | €74,326 | €92,121 | ▲ 23.9% |
| Amounts payable17/49 | €70,001 | €54,812 | €59,150 | €52,975 | €68,630 | ▲ 29.6% |
| Amounts payable after more than one year17 | €31,769 | €20,348 | €11,096 | €3,727 | €3,094 | ▼ 17.0% |
| Financial debts170/4 | - | €20,348 | €11,096 | €3,727 | €3,094 | ▼ 17.0% |
| Amounts payable within one year42/48 | €37,861 | €34,460 | €47,693 | €49,247 | €65,536 | ▲ 33.1% |
| Current portion of amounts payable after more than one year42 | - | €13,427 | €11,006 | €14,071 | €6,257 | ▼ 55.5% |
| Financial debts43 | - | - | - | €6,666 | €15,322 | ▲ 130% |
| Credit institutions430/8 | - | - | - | €6,666 | €15,322 | ▲ 130% |
| Trade debts44 | €3,718 | €7,121 | €18,186 | €8,469 | €26,338 | ▲ 211% |
| Suppliers440/4 | - | €7,121 | €18,186 | €8,469 | €26,338 | ▲ 211% |
| Advances received on contracts in progress46 | - | €19 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €13,893 | €18,500 | €20,042 | €17,619 | ▼ 12.1% |
| Taxes450/3 | - | €13,893 | €18,500 | €20,042 | €17,619 | ▼ 12.1% |
| Other amounts payable47/48 | - | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €3 | €361 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,236 | €2,282 | €17,669 | €27,512 | - | - |
| + Depreciation and write-downs630 | €9,807 | €14,388 | €13,345 | €2,324 | - | - |
| Operating cash flow (approximation) | €16,043 | €16,670 | €31,014 | €29,836 | - | - |
| Investment in fixed assets (approximation) | - | -€6,117 | -€2,239 | €15,169 | €2,462 | ▼ 83.8% |
| Change in cash | - | -€2,943 | €473 | -€2,663 | €6,359 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 26-02-2026 | 2026-00045871 |
| 31-12-2023 | micro format | 26-02-2026 | 2026-00045872 |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00274825 |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20182999 |
| 31-12-2020 | micro format | 23-06-2021 | 2021-25100037 |
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Of the 13,241 active companies whose main activity is public relations and communication consultancy (NACE 73300), figures are known for 7,043. 5,706 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
The board mandates are listed below; here you explore them as a network.
This company
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Director
Shareholding
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Board mandates elsewhere
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1 location
History
Acts, filings and financial milestones
2026
26-02
NBB filing
Annual accounts filed
financial year 2024 · micro format · 210 days late
26-02
NBB filing
Annual accounts filed
financial year 2023 · micro format · 575 days late
18-02
Gazette deed
General meeting · Director appointment
Permanent representative · Power of attorney
2024
24-07
Gazette deed
General meeting · Director resignation
Director discharge · Permanent representative
2023
31-12
Financial
Highest result from 2020 to 2023net €27,512 ▲55.7%
Operating result €44,895, net result €27,512, both a record.
04-09
Gazette deed
Director discharge · Permanent representative
Auditor reappointment · Representation rule
20-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
06-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial
Weakest financial yearnet €2,282 ▼63.4%
Net result drops to €2,282, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
financial year 2020 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 2 deeds read
About the unread acts
We know of 2 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded06-10-2017
Financial year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
95316Washing and cleaning of motor vehicles
70200Business and other management consultancy
96220Beauty care and other beauty treatments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0682632550
Registered
30-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2017
Ground area
2,419 m²
Building footprint
263 m²
Building volume
1,365 m³
Parcel 11819C0129/00N002, Flanders · tallest building 8.0 m. Linked by address, not a title deed.
1 establishment unit
DSD Projects
since 2017unit no. 2.268.655.103
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11819C0129/00N002 | Flanders | 2,419 m² | 1 · 263 m² | 8.0 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.