DSFB
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 08-08-2024, 8 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
8 d late
2022
77 d early
2021
89 d early
2020
81 d early
2019
81 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 64 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15,000▲ 142%
2022 · €6,200
Working capital
€476.4m▼ 14.1%
2022 · €554.6m
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
Line20192020202120222023
Operating result-€44,161▼ 25.4%-€43,694▲ 1.1%-€48,244▼ 10.4%-€43,847▲ 9.1%-€48,487▼ 10.6%
Net result€6,200=€6,200=€6,200=€6,200=€15,000▲ 142%
Equity€62,000=€62,000=€62,000=€62,000=€62,000=
Total assets€831.1m▼ 8.5%€765.0m▼ 8.0%€697.8m▼ 8.8%€630.9m▼ 9.6%€554.3m▼ 12.1%
Debt€831.0m▼ 8.5%€765.0m▼ 8.0%€697.8m▼ 8.8%€630.8m▼ 9.6%€554.2m▼ 12.1%
Working capital€767.1m▼ 7.9%€699.9m▼ 8.8%€630.7m▼ 9.9%€554.6m▼ 12.1%€476.4m▼ 14.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48,487 in 2023 against €43,847 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €554.3m
Equity
€62,000 =
Debt
€554.2m ▼ 12.1%
Debt's share of the balance-sheet total stays at 100.0%.
Key figures and ratios
Current ratio
7.12▼
2022 · 8.27
ROE
24.2%▲
2022 · 10.0%
ROA
0.0%▲
2022 · 0.0%
Debt ≤ 1 year
€77.8m▲
2022 · €76.3m
Debt > 1 year
€458.6m▼
2022 · €536.4m
A ratio outside any meaningful range has been withheld (balance sheet total €554.3m, equity €62,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | - | - | €48,244 | €43,847 | €48,487 | ▲ 10.6% |
| Services and other goods61 | - | - | €48,244 | €43,847 | €48,487 | ▲ 10.6% |
| Operating profit (loss)9901 | -€44,161 | -€43,694 | -€48,244 | -€43,847 | -€48,487 | ▼ 10.6% |
| Financial income75/76B | - | - | €32.5m | €33.1m | €46.5m | ▲ 40.5% |
| Recurring financial income75 | €40.2m | €36.9m | €32.5m | €33.1m | €46.5m | ▲ 40.5% |
| Income from current assets751 | - | - | €32.5m | €33.1m | €46.5m | ▲ 40.5% |
| Other financial income752/9 | - | - | €8,802 | €22,393 | €28,182 | ▲ 25.9% |
| Financial charges65/66B | - | - | €32.5m | €33.0m | €46.4m | ▲ 40.5% |
| Recurring financial charges65 | €40.2m | €36.9m | €32.5m | €33.0m | €46.4m | ▲ 40.5% |
| Debt charges650 | €39.5m | €36.3m | €31.9m | €32.6m | €46.0m | ▲ 41.3% |
| Other financial charges652/9 | - | - | €515,738 | €480,541 | €416,816 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | €6,202 | €6,200 | €6,200 | €6,200 | €15,000 | ▲ 142% |
| Income taxes67/77 | €2 | - | - | - | - | - |
| Profit (loss) for the period9904 | €6,200 | €6,200 | €6,200 | €6,200 | €15,000 | ▲ 142% |
| Profit (loss) for the period to be appropriated9905 | €6,200 | €6,200 | €6,200 | €6,200 | €15,000 | ▲ 142% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €831.1m | €765.0m | €697.8m | €630.9m | €554.3m | ▼ 12.1% |
| Current assets29/58 | €831.1m | €765.0m | €697.8m | €630.9m | €554.3m | ▼ 12.1% |
| Amounts receivable after more than one year29 | - | - | €594.8m | €515.4m | €436.3m | ▼ 15.3% |
| Other amounts receivable291 | - | - | €594.8m | €515.4m | €436.3m | ▼ 15.3% |
| Amounts receivable within one year40/41 | €65.3m | €67.3m | €75.5m | €79.5m | €79.1m | ▼ 0.5% |
| Other amounts receivable41 | - | - | €75.5m | €79.5m | €79.1m | ▼ 0.5% |
| Cash at bank and in hand54/58 | €6.3m | €7.7m | €9.9m | €18.2m | €21.5m | ▲ 17.7% |
| Deferred charges and accrued income490/1 | - | - | €17.7m | €17.8m | €17.5m | ▼ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €831.1m | €765.0m | €697.8m | €630.9m | €554.3m | ▼ 12.1% |
| Equity10/15 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | = |
| Amounts payable17/49 | €831.0m | €765.0m | €697.8m | €630.8m | €554.2m | ▼ 12.1% |
| Amounts payable after more than one year17 | €744.9m | €679.8m | €612.7m | €536.4m | €458.6m | ▼ 14.5% |
| Financial debts170/4 | - | - | €612.7m | €536.4m | €458.6m | ▼ 14.5% |
| Unsubordinated bonds171 | - | - | €612.7m | €536.4m | €458.6m | ▼ 14.5% |
| Amounts payable within one year42/48 | €64.0m | €65.1m | €67.1m | €76.3m | €77.8m | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | - | €67.1m | €76.3m | €77.8m | ▲ 2.1% |
| Trade debts44 | €20,680 | €22,388 | €22,211 | €11,000 | €11,361 | ▲ 3.3% |
| Suppliers440/4 | - | - | €22,211 | €11,000 | €11,361 | ▲ 3.3% |
| Other amounts payable47/48 | - | - | €6,200 | €6,200 | €15,000 | ▲ 142% |
| Accrued charges and deferred income492/3 | - | - | €18.0m | €18.1m | €17.8m | ▼ 1.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,200 | €6,200 | €6,200 | €6,200 | €15,000 | ▲ 142% |
| Operating cash flow (approximation) | €6,200 | €6,200 | €6,200 | €6,200 | €15,000 | ▲ 142% |
| Change in cash | - | €1.4m | €2.2m | €8.4m | €3.2m | ▼ 61.5% |
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
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
31-12
Financial
Highest result since 2018net €15,000 ▲142%
Net result €15,000, the highest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
18-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 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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Structure & network
Owners and holdings
2 ownersChain of control
- stichting vesta
- DSFB
Highest known parent: stichting vesta. The sources do not say who stands above it.
Owners 2
- stichting vestaparentSourceown accounts 202390%
-
10%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of DSFB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.