Active BE 0797.716.815Private limited company

DSM - Projects

Nieuwstraat 83 ·2290 Vorselaar, Belgium· 3 yrs active

Sector: Site preparation (43120)

Conclusion Checked

The computed 12-month bankruptcy probability of DSM - Projects is 3.9% (moderate). The 2024 annual accounts show equity of €3k and a net result of €-7k. Its solvency ranks better than 11% of 36383 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€3k
Net result	€-7k
Better than sector	11%
Active	3 yrs

Financial profile 5 of 5 axes measured · computed by Checked

29 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 15

Profitability 0

Solvency 3

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

3.9% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

15 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

61 2023

15 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.35 (< 1.0) -10

Quick ratio Quick ratio 0.35 (< 0.6) -5

Leverage Debt/equity 22.14 (> 3.0) -10

Profitability Negatieve ROE -229% -10

Interest coverage Interest coverage 2.0× +3

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	4.3%	46.6%	better than 11% of 36383 sector peers
Net result	€-7k	€9k	better than 15% of 36351 sector peers
Equity	€3k	€58k	better than 11% of 36400 sector peers
Gross operating margin	€26k	€38k	better than 39% of 36320 sector peers
Staff costs	€19k	€40k	higher than 38% of 14819 sector peers

EBITDA

€5k

-63.3% 23-24

Net profit

€-7k

- 23-24

Cash flow

€2k

-76.7% 23-24

Total assets

€67k

+135.3% 23-24

Equity

€3k

-69.6% 23-24

Working capital

€-25k

-2465.5% 23-24

Staff costs

€19k

+545.1% 23-24

Income taxes

€70

-96.8% 23-24

Debt

€64k

+238.2% 23-24

Debt ≤ 1y

€39k

+300.1% 23-24

Debt > 1y

€23k

+164.1% 23-24

Current ratio

0.35

-60.7% 23-24

Quick ratio

0.35

-60.7% 23-24

Solvency

4.3%

-87.1% 23-24

Debt / equity

22.14

+1011.5% 23-24

ROE

-228.6%

- 23-24

ROA

-9.9%

- 23-24

Interest coverage

2.02

-88.3% 23-24

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2024 Δ	2023 Δ
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	-63.3%	-
Net profit	-	-
Cash flow	-76.7%	-
Staff costs	+545.1%	-
Income taxes	-96.8%	-
Dividends	-	-
Total assets	+135.3%	-
Equity	-69.6%	-
Debt	+238.2%	-
of which ≤ 1y	+300.1%	-
of which > 1y	+164.1%	-
Working capital	-2465.5%	-
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	0.35	0.90
Quick ratio	0.35	0.90
Working capital ratio	-37.9%	-3.5%
Solvency	4.3%	33.4%
Debt / equity	22.14	1.99
Long-term debt ratio	8.03	0.92
Interest coverage	2.02	17.20
Gross margin	-	-
Net margin	-	-
ROA	-9.9%	24.7%
ROE	-228.6%	73.8%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €53k · 79.3% Current assets €14k · 20.7%

Equity & liabilities

Equity €3k · 4.3% Debt €64k · 95.7%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€67k	€29k
Fixed assets	21/28	€53k	€20k
Tangible fixed assets	22/27	€53k	€20k
Current assets	29/58	€14k	€9k
Amounts receivable within one year	40/41	€12k	€9k
Cash & bank	54/58	€2k	€35
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€67k	€29k
Equity	10/15	€3k	€10k
Contributions / capital	10/11	€3k	€3k
Reserves	13	€7k	€7k
Accumulated profits (losses)	14	€-7k	-
Amounts payable	17/49	€64k	€19k
Amounts payable after one year	17	€23k	€9k
Amounts payable within one year	42/48	€39k	€10k
Trade debts payable within one year	44	€18k	€529
Income statement
Gross operating margin	9900	€26k	€16k
Operating result	9901	€-4k	€10k
Financial charges	65	€2k	€750
Result before taxes	9903	€-7k	€9k
Income taxes	67/77	€70	€2k
Net result for the period	9904	€-7k	€7k
Result to be appropriated	9905	€-7k	€7k

Legal Structure

NACE primary	Site preparation(43120)
Legal form	Private limited company(610)
Incorporation	27-01-2023
Status	Active
Postal code	2290

Establishment units 1 location

DSM - Projects

Nieuwstraat 83, 2290 VorselaarRemediation activities and other waste management service activities

since 20232.342.292.157

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13044G0386/00W002	Flanders	540 m²	1 · 91 m²	6.9 m · 2 fl.

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.

Updates 2 events

All 2Filings 2

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

NBB filing

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Site preparation43120Other specialised construction activities43990Specialised construction activities43999

Names & trade names

Legal nameNL

DSM - Projects

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