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DSE

Active
Private limited companyfounded 20224 yrs activeHunselstraat 40, 1750 Lennik, BelgiumKBO/BCE: BE 0785.694.258
Summary

DSE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,827 and a net result of €69,827. Equity is growing by ~38.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 7.29 against 24.17 in 2024; short-term debt: 12.2% and cash: 53.5% of total assets), and 12.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
87.8%
Return on assets
85.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-05-2026, 85 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
85 d early
2024
93 d early
2023
36 d early
2022
70 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 71 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 May 2022, DSE was incorporated as a Private limited company.1 Total assets went from EUR 59,743 in 2022 to EUR 81,805 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€71,827▼ 60.9%
2024 · €183,693
Total assets
€81,805▼ 57.2%
2024 · €191,252
Net result
€69,827▲ 4.2%
2024 · €67,014
Working capital
€62,796▼ 64.1%
2024 · €175,109
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
Line2022202320242025
Operating result€63,037-€83,161▲ 31.9%€85,124▲ 2.4%€89,192▲ 4.8%
Net result€49,506-€65,173▲ 31.6%€67,014▲ 2.8%€69,827▲ 4.2%
Equity€51,506-€116,679▲ 127%€183,693▲ 57.4%€71,827▼ 60.9%
Total assets€59,743-€124,035▲ 108%€191,252▲ 54.2%€81,805▼ 57.2%
Debt€8,237-€7,355▼ 10.7%€7,558▲ 2.8%€9,978▲ 32.0%
Working capital€50,569-€106,310▲ 110%€175,109▲ 64.7%€62,796▼ 64.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
  • 2025 Equity -61%, Total assets -57% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000€100,000Operating result 2022: €63,037€63,037Net result 2022: €49,506€49,506Operating result 2023: €83,161€83,161Net result 2023: €65,173€65,173Operating result 2024: €85,124€85,124Net result 2024: €67,014€67,014Operating result 2025: €89,192€89,192Net result 2025: €69,827€69,8272022202320242025€0€25,000€50,000€75,000€100,000Operating result 2023: €83,161€83,200Net result 2023: €65,173€65,200Operating result 2024: €85,124€85,100Net result 2024: €67,014€67,000Operating result 2025: €89,192€89,200Net result 2025: €69,827€69,800202320242025
The operating result has risen three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81,805
Fixed assets €9,031 ▲ 5.2%
Current assets €72,774 ▼ 60.2%
Equity and liabilities €81,805
Equity €71,827 ▼ 60.9%
Debt €9,978 ▲ 32.0%
Debt's share of the balance-sheet total rises from 4.0% to 12.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€91,290▲
2024 · €86,909
Cash flow
€71,925▲
2024 · €68,799
Current ratio
7.29▼
2024 · 24.17
Debt to equity
0.14▲
2024 · 0.04
ROE
97.2%▲
2024 · 36.5%
ROA
85.4%▲
2024 · 35.0%
Interest coverage
90.62▼
2024 · 91.56
Debt ≤ 1 year
€9,978▲
2024 · €7,558
Income taxes
€18,358▲
2024 · €17,414
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€191,252€81,805▼
Fixed assets21/28€8,585€9,031▲
Tangible fixed assets22/27€8,585€9,031▲
Land and buildings22€8,314€9,031▲
Plant, machinery and equipment23€271€0▼
Current assets29/58€182,667€72,774▼
Amounts receivable within one year40/41€37,876€185▼
Trade receivables40€20,248-
Other amounts receivable41€17,628€185▼
Cash at bank and in hand54/58€144,791€43,757▼
Deferred charges and accrued income490/1-€28,831
Equity and liabilities
Total equity and liabilities10/49€191,252€81,805▼
Equity10/15€183,693€71,827▼
Contributions10/11€2,000€2,000=
Reserves13€181,693€69,827▼
Distributable reserves133€181,693€69,827▼
Amounts payable17/49€7,558€9,978▲
Amounts payable within one year42/48€7,558€9,978▲
Trade debts44€780€2,177▲
Suppliers440/4€780€2,177▲
Taxes, remuneration and social security45€6,778€7,151▲
Taxes450/3€6,778€7,151▲
Other amounts payable47/48-€650
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,785€2,098▲
Other operating charges640/8-€417
Gross operating margin9900€86,909€91,707▲
Operating profit (loss)9901€85,124€89,192▲
Financial income75/76B€253-
Recurring financial income75€253-
Financial charges65/66B€949€1,007▲
Recurring financial charges65€949€1,007▲
Profit (loss) for the period before taxes9903€84,428€88,185▲
Income taxes67/77€17,414€18,358▲
Profit (loss) for the period9904€67,014€69,827▲
Profit (loss) for the period to be appropriated9905€67,014€69,827▲
Appropriation of the result
Profit (loss) to be appropriated9906€67,014€69,827▲
Transfer from equity791/2-€181,693
Transfer to equity691/2€67,014€69,827▲
To other reserves6921€67,014€69,827▲
Profit to be distributed694/7-€181,693
Return on contributions (dividend)694-€181,693

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62€1,626€1,785€2,098▲ 17.5%
Other operating charges640/8€291--€417-
Gross operating margin9900€63,390€84,787€86,909€91,707▲ 5.5%
Operating profit (loss)9901€63,037€83,161€85,124€89,192▲ 4.8%
Financial income75/76B-€3€253--
Recurring financial income75-€3€253--
Financial charges65/66B€739€1,025€949€1,007▲ 6.1%
Recurring financial charges65€739€1,025€949€1,007▲ 6.1%
Profit (loss) for the period before taxes9903€62,298€82,139€84,428€88,185▲ 4.4%
Income taxes67/77€12,792€16,966€17,414€18,358▲ 5.4%
Profit (loss) for the period9904€49,506€65,173€67,014€69,827▲ 4.2%
Profit (loss) for the period to be appropriated9905€49,506€65,173€67,014€69,827▲ 4.2%
Line2022202320242025Change
Assets
Total assets20/58€59,743€124,035€191,252€81,805▼ 57.2%
Fixed assets21/28€937€10,370€8,585€9,031▲ 5.2%
Tangible fixed assets22/27€937€10,370€8,585€9,031▲ 5.2%
Land and buildings22-€9,765€8,314€9,031▲ 8.6%
Plant, machinery and equipment23€937€604€271€0▼ 100%
Current assets29/58€58,806€113,665€182,667€72,774▼ 60.2%
Amounts receivable within one year40/41€35,766€64,735€37,876€185▼ 99.5%
Trade receivables40€35,760€63,493€20,248--
Other amounts receivable41€6€1,242€17,628€185▼ 98.9%
Cash at bank and in hand54/58€22,081€48,930€144,791€43,757▼ 69.8%
Deferred charges and accrued income490/1€959--€28,831-
Equity and liabilities
Total equity and liabilities10/49€59,743€124,035€191,252€81,805▼ 57.2%
Equity10/15€51,506€116,679€183,693€71,827▼ 60.9%
Contributions10/11€2,000€2,000€2,000€2,000=
Reserves13€49,506€114,679€181,693€69,827▼ 61.6%
Distributable reserves133€49,506€114,679€181,693€69,827▼ 61.6%
Amounts payable17/49€8,237€7,355€7,558€9,978▲ 32.0%
Amounts payable within one year42/48€8,237€7,355€7,558€9,978▲ 32.0%
Trade debts44€647€482€780€2,177▲ 179%
Suppliers440/4€647€482€780€2,177▲ 179%
Taxes, remuneration and social security45€6,748€6,163€6,778€7,151▲ 5.5%
Taxes450/3€6,748€6,163€6,778€7,151▲ 5.5%
Other amounts payable47/48€841€711-€650-
Line2022202320242025Change
Profit (loss) for the period9904€49,506€65,173€67,014€69,827▲ 4.2%
+ Depreciation and write-downs630€62€1,626€1,785€2,098▲ 17.5%
Operating cash flow (approximation)€49,568€66,799€68,799€71,925▲ 4.5%
Investment in fixed assets (approximation)--€11,058€0-€2,544-
Change in cash-€26,849€95,861-€101,034▼ 205%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
07-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2022net €69,827 ▲4.2%
Operating result €89,192, net result €69,827, both a record.
29-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Equity above €150,000Eq €183,693 ▲57.4%
3 profitable years in a row build equity to €183,693.
25-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Liquidity doublescurrent ratio 15.45
Current ratio from 7.14 to 15.45; short-term debt falls from €8,237 to €7,355.
31-12
Financial Equity above €100,000Eq €116,679 ▲127%
2 profitable years in a row build equity to €116,679.
22-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State 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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Directors · office · real estate

Directors
2 acts for this company are 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, Lennik · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
514 m²
Building footprint
151 m²
Volume, LiDAR
607 m³
Parcel 23072C0157/00G002, Flanders · tallest building 9.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DSE
Hunselstraat 40, 1750 LennikGeneral electrical installation work
since 20222.331.105.582
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23072C0157/00G002 Flanders 514 m² 1 · 151 m² 8.9 m · 1 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

Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,544 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
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0785694258
Also 9925:BE0785694258
Registered 23-12-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.