DSG SOLUTIONS
InactiveDSG SOLUTIONS was declared bankrupt on 05-03-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 29-10-2024, published in the Belgian State Gazette on 05-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 29-12-2022, 516 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
516 d late
2019
130 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 323 days after 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)
History
Financials · fiscal year 2020, micro schema
Equity
€6,696▼ 31.8%
2019 · €9,817
Total assets
€52,108▲ 2.5%
2019 · €50,846
Net result
-€3,121
2019 · €10,771
Working capital
€10,821
2019 · -€14,171
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
Line201820192020
Operating result€36,681-€16,133▼ 56.0%-€1,780
Net result€32,755-€10,771▼ 67.1%-€3,121
Equity-€954-€9,817€6,696▼ 31.8%
Total assets€63,692-€50,846▼ 20.2%€52,108▲ 2.5%
Debt€64,646-€41,030▼ 36.5%€45,412▲ 10.7%
Working capital-€4,231--€14,171▼ 235%€10,821
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €1,780 after €16,133 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €52,108
Fixed assets
€314 ▼ 98.9%
Current assets
€51,794 ▲ 131%
Equity and liabilities €52,108
Equity
€6,696 ▼ 31.8%
Debt
€45,412 ▲ 10.7%
Debt's share of the balance-sheet total rises from 80.7% to 87.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,833▼
2019 · €27,996
Cash flow
€5,492▼
2019 · €22,634
Current ratio
1.26▲
2019 · 0.61
Debt to equity
6.78▲
2019 · 0.26
ROE
-46.6%▼
2019 · 109.7%
ROA
-6.0%▼
2019 · 21.2%
Interest coverage
37.67
Debt ≤ 1 year
€40,973▲
2019 · €36,590
Debt > 1 year
€2,600=
2019 · €2,600
Income taxes
€1,159▼
2019 · €4,741
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,559 | €11,863 | €8,613 | ▼ 27.4% |
| Other operating charges640/8 | - | - | €785 | - |
| Non-recurring operating charges66A | - | - | €19,500 | - |
| Gross operating margin9900 | €49,735 | €30,465 | €27,118 | ▼ 11.0% |
| Operating profit (loss)9901 | €36,681 | €16,133 | -€1,780 | ▼ 111% |
| Recurring financial income75 | - | €0 | - | - |
| Financial charges65/66B | - | - | €181 | - |
| Recurring financial charges65 | €2,464 | €621 | €181 | ▼ 70.8% |
| Profit (loss) for the period before taxes9903 | €34,217 | €15,512 | -€1,962 | ▼ 113% |
| Income taxes67/77 | €1,462 | €4,741 | €1,159 | ▼ 75.6% |
| Profit (loss) for the period9904 | €32,755 | €10,771 | -€3,121 | ▼ 129% |
| Profit (loss) for the period to be appropriated9905 | €32,755 | €10,771 | -€3,121 | ▼ 129% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €63,692 | €50,846 | €52,108 | ▲ 2.5% |
| Fixed assets21/28 | €39,367 | €28,427 | €314 | ▼ 98.9% |
| Intangible fixed assets21 | €22,750 | €19,500 | - | - |
| Tangible fixed assets22/27 | €16,617 | €8,927 | €314 | ▼ 96.5% |
| Plant, machinery and equipment23 | - | - | €314 | - |
| Current assets29/58 | €24,325 | €22,419 | €51,794 | ▲ 131% |
| Amounts receivable within one year40/41 | €23,122 | €18,674 | €51,375 | ▲ 175% |
| Trade receivables40 | - | - | €51,375 | - |
| Cash at bank and in hand54/58 | €1,203 | €3,745 | €419 | ▼ 88.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €63,692 | €50,846 | €52,108 | ▲ 2.5% |
| Equity10/15 | -€954 | €9,817 | €6,696 | ▼ 31.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - |
| Issued capital100 | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€19,554 | -€8,783 | -€11,904 | ▼ 35.5% |
| Amounts payable17/49 | €64,646 | €41,030 | €45,412 | ▲ 10.7% |
| Amounts payable after more than one year17 | €21,790 | €2,600 | €2,600 | = |
| Financial debts170/4 | - | - | €2,600 | - |
| Amounts payable within one year42/48 | €28,556 | €36,590 | €40,973 | ▲ 12.0% |
| Financial debts43 | - | - | €1,616 | - |
| Credit institutions430/8 | - | - | €1,616 | - |
| Trade debts44 | €16,401 | €20,215 | €20,677 | ▲ 2.3% |
| Suppliers440/4 | - | - | €20,677 | - |
| Taxes, remuneration and social security45 | - | - | €17,643 | - |
| Taxes450/3 | - | - | €16,443 | - |
| Remuneration and social security454/9 | - | - | €1,200 | - |
| Other amounts payable47/48 | - | - | €1,037 | - |
| Accrued charges and deferred income492/3 | - | - | €1,840 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,755 | €10,771 | -€3,121 | ▼ 129% |
| + Depreciation and write-downs630 | €11,559 | €11,863 | €8,613 | ▼ 27.4% |
| Operating cash flow (approximation) | €44,314 | €22,634 | €5,492 | ▼ 75.7% |
| Investment in fixed assets (approximation) | - | -€924 | €19,500 | ▲ 2,211% |
| Change in cash | - | €2,542 | -€3,326 | ▼ 231% |
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
05-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 29-10-2024
11-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 05-03-2024
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 516 days late
2020
31-12
Financial
Weakest financial yearnet -€3,121
Net result drops to -€3,121, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.26
Current ratio from 0.61 to 1.26.
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 130 days late
2019
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 111 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 46 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARC DEWAEL A. DE COCKPLEIN 9, 1831 DIEGEM- |
05-03-2024 → 29-10-2024 |