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DSLW

Active
Private limited companyfounded 201313 yrs activePhilippe Spethstraat 183, 2950 Kapellen, BelgiumKBO/BCE: BE 0526.900.337

DSLW has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €41k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 74% of 12665 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
87 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+18
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 4.19 against 7.22 in 2024; short-term debt: 22.7% and cash: 3.4% of total assets), and 22.7% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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 2025
Solvency, return and age of the figures
Solvency
77.3%
Return on assets
27%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 13 years 0 20 y
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 28-07-2026, 3 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
3 d early
2024
29 d late
2023
32 d late
2022
31 d late
← before the deadline after the deadline →
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
18-09-2026 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

Financials · fiscal year 2025, micro schema

Equity
€117k▼ 11.5%
2024 · €132k
2022: €115k 2023: €115k 2024: €132k
2022 → 2025
Total assets
€151k▼ 0.5%
2024 · €152k
2022: €175k 2023: €144k 2024: €152k
2022 → 2025
Net result
€41k▲ 149%
2024 · €16k
2022: €59k 2023: €11k 2024: €16k
2022 → 2025
Working capital
€109k▼ 11.2%
2024 · €123k
2022: €114k 2023: €115k 2024: €123k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line2022202320242025Trend
Equity€115k-€115k▲ 0.6%€132k▲ 14.2%€117k▼ 11.5%
Operating result€84k-€25k▼ 70.6%€26k▲ 2.8%€59k▲ 132%
Net result€59k-€11k▼ 82.0%€16k▲ 53.4%€41k▲ 149%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25k€50k€75kOperating result 2022: €84k€84kNet result 2022: €59k€59kOperating result 2023: €25k€25kNet result 2023: €11k€11kOperating result 2024: €26k€26kNet result 2024: €16k€16kOperating result 2025: €59k€59kNet result 2025: €41k€41k2022202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 132% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151k
Fixed assets €7k▼ 16.2%
Current assets €144k▲ 0.4%
Equity and liabilities €151k
Equity €117k▼ 11.5%
Debt €34k▲ 72.8%
The debt ratio rises from 13.1% to 22.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€63k
2024 · €26k
Cash flow
€45k
2024 · €17k
Solvency
77.3%
2024 · 86.9%
Current ratio
4.19
2024 · 7.22
Quick ratio
4.19
2024 · 7.22
Debt / equity
0.29
2024 · 0.15
ROE
35.0%
2024 · 12.4%
ROA
27.0%
2024 · 10.8%
Interest coverage
119.10
2024 · 122.76
Debt
€34k
2024 · €20k
Debt ≤ 1 year
€34k
2024 · €20k
Income taxes
€22k
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€152k€151k
Fixed assets21/28€9k€7k
Tangible fixed assets22/27€9k€7k
Plant, machinery and equipment23€21€2k
Furniture and vehicles24€8k€5k
Current assets29/58€143k€144k
Amounts receivable after more than one year29€110k€110k=
Trade receivables290€110k€110k=
Amounts receivable within one year40/41€30k€24k
Trade receivables40€6k€2k
Other amounts receivable41€24k€23k
Cash at bank and in hand54/58€537€5k
Deferred charges and accrued income490/1€3k€4k
Equity and liabilities
Total equity and liabilities10/49€152k€151k
Equity10/15€132k€117k
Contributions10/11€1k€1k=
Reserves13€131k€116k
Distributable reserves133€131k€116k
Profit (loss) carried forward14€0€0=
Amounts payable17/49€20k€34k
Amounts payable within one year42/48€20k€34k
Financial debts43-€20k
Credit institutions430/8-€20k
Trade debts44€2k€99
Suppliers440/4€2k€99
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€18k€12k
Taxes450/3€18k€12k
Other amounts payable47/48€0-
Income statement Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€627€4k
Other operating charges640/8€3k€3k
Non-recurring operating charges66A€515€0
Gross operating margin9900€30k€66k
Operating profit (loss)9901€26k€59k
Financial income75/76B€4k€4k
Recurring financial income75€4k€4k
Financial charges65/66B€213€533
Recurring financial charges65€213€533
Profit (loss) for the period before taxes9903€29k€63k
Income taxes67/77€13k€22k
Profit (loss) for the period9904€16k€41k
Profit (loss) for the period to be appropriated9905€16k€41k
Appropriation of the result
Profit (loss) to be appropriated9906€16k€41k
Transfer from equity791/2-€54k
Transfer to equity691/2€16k€39k
To other reserves6921€16k€39k
Profit to be distributed694/7€0€56k
Return on contributions (dividend)694€0€56k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-08
State Gazette act Registered-office move
29-07
State Gazette act Registered-office move · Power of attorney
Permanent representative
28-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
16-07
State Gazette act Incorporation · Founder
Founding capital · Bank account
30-03
State Gazette act Registered-office move · Power of attorney
30-03
State Gazette act Registered-office move · Power of attorney
30-03
State Gazette act Registered-office move · Power of attorney
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
01-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 32 days late
2023
31-12
Financial Weakest financial yearnet €11k ▼82%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
4 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, Kapellen · 1 establishment unit since 2013
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Philippe Spethstraat 1832950 Kapellen
Ground area
1,155 m²
Building footprint
270 m²
Volume, LiDAR
1,095 m³
Parcel 11902H0114/00W004, Flanders · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DSLW
Philippe Spethstraat 183, 2950 KapellenLegal and accounting activities
since 20132.218.586.176
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11902H0114/00W004 Flanders 1,155 m² 1 · 270 m² 8.7 m · 1 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 12,173 companies in sector 69201 we hold annual accounts for 7,639. 6,523 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded01-04-2013
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.