DSH BOUW
ActiveSummary
DSH BOUW has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171k and a net result of €122k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+3
Solvency45▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.92 against 1.0 in 2024; short-term debt: 45.7% and cash: 23.9% of total assets), and 80.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.9%
Return on assets
14.2%
Age of the figures
18 mo
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 07-11-2025, 7 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 · 8 filingsDeviation from the deadline
2025
7 d late
2024
1 d early
2023
1 d early
2022
31 d early
2021
4 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€171k▼ 7.9%
2024 · €185k
2019: €58klowest in 7 years
2020: €89k▲ +53.9% vs 2019
2021: €152k▲ +71.4% vs 2020
2022: €223k▲ +46.3% vs 2021
2023: €223k● +0.0% vs 2022highest in 7 years
2024: €185k▼ -16.8% vs 2023
2025: €171k▼ -7.9% vs 2024
2019 → 2025
Total assets
€856k▼ 17.8%
2024 · €1.04M
2019: €425klowest in 7 years
2020: €527k▲ +24.1% vs 2019
2021: €814k▲ +54.4% vs 2020
2022: €790k▼ -3.0% vs 2021
2023: €832k▲ +5.3% vs 2022
2024: €1.04M▲ +25.2% vs 2023highest in 7 years
2025: €856k▼ -17.8% vs 2024
2019 → 2025
Net result
€122k▼ 5.1%
2024 · €128k
2019: €15klowest in 7 years
2020: €31k▲ +109% vs 2019
2021: €63k▲ +104% vs 2020
2022: €70k▲ +11.1% vs 2021
2023: €89k▲ +26.6% vs 2022
2024: €128k▲ +43.9% vs 2023highest in 7 years
2025: €122k▼ -5.1% vs 2024
2019 → 2025
Working capital
€-31k
2024 · €1k
2019: €36k
2020: €37k▲ +0.5% vs 2019
2021: €201k▲ +449% vs 2020highest in 7 years
2022: €139k▼ -30.6% vs 2021
2023: €48k▼ -65.7% vs 2022
2024: €1k▼ -97.5% vs 2023
2025: €-31k▼ -2705% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€152k-€223k▲ 46.3%€223k=€185k▼ 16.8%€171k▼ 7.9%
2021: €152klowest in 5 years
2022: €223k▲ +46.3% vs 2021
2023: €223k● +0.0% vs 2022highest in 5 years
2024: €185k▼ -16.8% vs 2023
2025: €171k▼ -7.9% vs 2024
Operating result€81k-€105k▲ 29.5%€117k▲ 11.4%€170k▲ 45.3%€165k▼ 2.9%
2021: €81klowest in 5 years
2022: €105k▲ +29.5% vs 2021
2023: €117k▲ +11.4% vs 2022
2024: €170k▲ +45.3% vs 2023highest in 5 years
2025: €165k▼ -2.9% vs 2024
Net result€63k-€70k▲ 11.1%€89k▲ 26.6%€128k▲ 43.9%€122k▼ 5.1%
2021: €63klowest in 5 years
2022: €70k▲ +11.1% vs 2021
2023: €89k▲ +26.6% vs 2022
2024: €128k▲ +43.9% vs 2023highest in 5 years
2025: €122k▼ -5.1% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €856k
Fixed assets
€496k ▼ 3.2%
Current assets
€360k ▼ 32.0%
Equity and liabilities €856k
Equity
€171k ▼ 7.9%
Debt
€685k ▼ 20.0%
Debt's share of the balance-sheet total falls from 82.2% to 80.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€255k▲
2024 · €244k
Cash flow
€212k▲
2024 · €202k
Current ratio
0.92▼
2024 · 1.00
Quick ratio
0.78▼
2024 · 0.84
Debt to equity
4.02▼
2024 · 4.62
ROE
71.3%▲
2024 · 69.2%
ROA
14.2%▲
2024 · 12.3%
Interest coverage
23.55▼
2024 · 34.39
Debt ≤ 1 year
€391k▼
2024 · €528k
Debt > 1 year
€282k▼
2024 · €303k
Income taxes
€38k=
2024 · €37k
Staff costs
€305k▲
2024 · €230k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.04M€856k▼
Fixed assets21/28€512k€496k▼
Tangible fixed assets22/27€512k€496k▼
Land and buildings22€214k€205k▼
Plant, machinery and equipment23€261k€200k▼
Furniture and vehicles24€37k€91k▲
Current assets29/58€529k€360k▼
Stocks and contracts in progress3€85k€54k▼
Stocks30/36€22k€15k▼
Contracts in progress37€63k€39k▼
Amounts receivable within one year40/41€62k€97k▲
Trade receivables40-€67k
Other amounts receivable41€62k€29k▼
Current investments50/53€200k-
Cash at bank and in hand54/58€172k€205k▲
Deferred charges and accrued income490/1€11k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.04M€856k▼
Equity10/15€185k€171k▼
Contributions10/11€6k€6k=
Reserves13€179k€164k▼
Distributable reserves133€179k€164k▼
Amounts payable17/49€856k€685k▼
Amounts payable after more than one year17€303k€282k▼
Financial debts170/4€303k€282k▼
Amounts payable within one year42/48€528k€391k▼
Current portion of amounts payable after more than one year42€67k€65k▼
Trade debts44€146k€132k▼
Suppliers440/4€146k€132k▼
Taxes, remuneration and social security45€18k€12k▼
Taxes450/3€7k-
Remuneration and social security454/9€11k€12k▲
Other amounts payable47/48€296k€182k▼
Accrued charges and deferred income492/3€25k€12k▼
Income statement
Code20242025
Remuneration, social security and pensions62€230k€305k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€90k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€475k€562k▲
Operating profit (loss)9901€170k€165k▼
Financial income75/76B€2k€5k▲
Recurring financial income75€2k€5k▲
Financial charges65/66B€7k€11k▲
Recurring financial charges65€7k€11k▲
Profit (loss) for the period before taxes9903€166k€159k▼
Income taxes67/77€37k€38k=
Profit (loss) for the period9904€128k€122k▼
Profit (loss) for the period to be appropriated9905€128k€122k▼
Appropriation of the result
Profit (loss) to be appropriated9906€128k€122k▼
Transfer from equity791/2€37k€15k▼
Transfer to equity691/2-€160
To other reserves6921-€160
Profit to be distributed694/7€166k€136k▼
Return on contributions (dividend)694€166k€136k▼
Social balance
Average headcount (FTE)90874.16.1▲
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €38k | €82k | €230k | €305k | ▲ 32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49k | €55k | €58k | €73k | €90k | ▲ 22.6% |
| Other operating charges640/8 | - | €1k | €2k | €2k | €1k | ▼ 21.8% |
| Gross operating margin9900 | €167k | €200k | €259k | €475k | €562k | ▲ 18.2% |
| Operating profit (loss)9901 | €81k | €105k | €117k | €170k | €165k | ▼ 2.9% |
| Financial income75/76B | - | €374 | €63 | €2k | €5k | ▲ 92.1% |
| Recurring financial income75 | €255 | €374 | €63 | €2k | €5k | ▲ 92.1% |
| Financial charges65/66B | - | €6k | €6k | €7k | €11k | ▲ 53.0% |
| Recurring financial charges65 | €6k | €6k | €6k | €7k | €11k | ▲ 53.0% |
| Profit (loss) for the period before taxes9903 | €75k | €99k | €111k | €166k | €159k | ▼ 3.9% |
| Income taxes67/77 | €12k | €29k | €22k | €37k | €38k | = |
| Profit (loss) for the period9904 | €63k | €70k | €89k | €128k | €122k | ▼ 5.1% |
| Profit (loss) for the period to be appropriated9905 | €63k | €70k | €89k | €128k | €122k | ▼ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €814k | €790k | €832k | €1.04M | €856k | ▼ 17.8% |
| Fixed assets21/28 | €454k | €431k | €441k | €512k | €496k | ▼ 3.2% |
| Tangible fixed assets22/27 | €454k | €431k | €441k | €512k | €496k | ▼ 3.2% |
| Land and buildings22 | - | €233k | €223k | €214k | €205k | ▼ 4.4% |
| Plant, machinery and equipment23 | - | €177k | €171k | €261k | €200k | ▼ 23.4% |
| Furniture and vehicles24 | - | €21k | €47k | €37k | €91k | ▲ 146% |
| Current assets29/58 | €359k | €358k | €390k | €529k | €360k | ▼ 32.0% |
| Stocks and contracts in progress3 | €13k | €47k | €128k | €85k | €54k | ▼ 35.7% |
| Stocks30/36 | - | €13k | €26k | €22k | €15k | ▼ 32.0% |
| Contracts in progress37 | - | €34k | €101k | €63k | €39k | ▼ 37.0% |
| Amounts receivable within one year40/41 | €141k | €110k | €93k | €62k | €97k | ▲ 56.8% |
| Trade receivables40 | - | €109k | €17k | - | €67k | - |
| Other amounts receivable41 | - | €972 | €76k | €62k | €29k | ▼ 52.4% |
| Current investments50/53 | - | - | - | €200k | - | - |
| Cash at bank and in hand54/58 | €104k | €192k | €163k | €172k | €205k | ▲ 19.2% |
| Deferred charges and accrued income490/1 | - | €9k | €7k | €11k | €4k | ▼ 62.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €814k | €790k | €832k | €1.04M | €856k | ▼ 17.8% |
| Equity10/15 | €152k | €223k | €223k | €185k | €171k | ▼ 7.9% |
| Contributions10/11 | - | €8k | €8k | €6k | €6k | = |
| Reserves13 | €144k | €215k | €215k | €179k | €164k | ▼ 8.2% |
| Distributable reserves133 | - | €215k | €215k | €179k | €164k | ▼ 8.2% |
| Amounts payable17/49 | €662k | €567k | €609k | €856k | €685k | ▼ 20.0% |
| Amounts payable after more than one year17 | €359k | €300k | €241k | €303k | €282k | ▼ 7.0% |
| Financial debts170/4 | - | €287k | €235k | €303k | €282k | ▼ 7.0% |
| Other amounts payable178/9 | - | €13k | €6k | - | - | - |
| Amounts payable within one year42/48 | €159k | €219k | €342k | €528k | €391k | ▼ 26.0% |
| Current portion of amounts payable after more than one year42 | - | €65k | €65k | €67k | €65k | ▼ 3.6% |
| Trade debts44 | €24k | €49k | €109k | €146k | €132k | ▼ 9.4% |
| Suppliers440/4 | - | €49k | €109k | €146k | €132k | ▼ 9.4% |
| Taxes, remuneration and social security45 | - | €32k | €21k | €18k | €12k | ▼ 35.9% |
| Taxes450/3 | - | €29k | €15k | €7k | - | - |
| Remuneration and social security454/9 | - | €2k | €6k | €11k | €12k | ▲ 8.0% |
| Other amounts payable47/48 | - | €74k | €148k | €296k | €182k | ▼ 38.6% |
| Accrued charges and deferred income492/3 | - | €48k | €25k | €25k | €12k | ▼ 51.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63k | €70k | €89k | €128k | €122k | ▼ 5.1% |
| + Depreciation and write-downs630 | €49k | €55k | €58k | €73k | €90k | ▲ 22.6% |
| Operating cash flow (approximation) | €113k | €126k | €147k | €202k | €212k | ▲ 5.0% |
| Investment in fixed assets (approximation) | - | €-32k | €-68k | €-144k | €-74k | ▲ 49.1% |
| Change in cash | - | €88k | €-29k | €9k | €33k | ▲ 282% |
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
Next filing, fiscal year 2026, expected by
2025
07-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 7 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €128k ▲43.9%
Operating result €170k, net result €128k, both a record.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €200kEq €223k ▲46.3%
4 profitable years in a row build equity to €223k.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Equity above €150kEq €152k ▲71.4%
3 profitable years in a row build equity to €152k.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated 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, Lokeren · 1 establishment unit since 2016
Ground area
1,398 m²
Building footprint
179 m²
Volume, LiDAR
24 m³
Parcel 46383D3237/00L000, Flanders · tallest building 7.8 m. Linked by address, not a title deed.
1 establishment unit
DSH BOUWCOORDINATIE
since 20162.254.270.201
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D3237/00L000 | Flanders | 1,398 m² | 1 · 179 m² | 7.8 m |
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.
Recognitions · licences · registrations
Recognised contractor
1 categoryDSH BOUW BV45514
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,340 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
Founded13-05-2016
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
70200Business and other management consultancy
96993Pet care services, excluding veterinary services
Scores and ratios are computed by Checked and are not a credit decision.