DSR
ActiveSummary
DSR has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €9k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+88
Solvency31▲+15
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-01-2026, 11 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
11 d early
2024
33 d early
2023
33 d early
2022
32 d early
2021
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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€4k
2024 · €-6k
Total assets
€62k▼ 4.5%
2024 · €65k
Net result
€9k
2024 · €-14k
Working capital
€-9k▲ 48.4%
2024 · €-18k
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
Line20212022202320242025
Operating result€5k-€4k▼ 31.8%€10k▲ 174%€-11k€13k
Net result€3k-€817▼ 69.4%€6k▲ 593%€-14k€9k
Equity€2k-€3k▲ 39.4%€9k▲ 196%€-6k€4k
Total assets€30k-€43k▲ 40.9%€94k▲ 121%€65k▼ 30.7%€62k▼ 4.5%
Debt€28k-€40k▲ 41.0%€86k▲ 116%€71k▼ 17.2%€59k▼ 17.4%
Working capital€5k-€7k▲ 43.9%€2k▼ 74.1%€-18k€-9k▲ 48.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €11k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€42k ▼ 20.4%
Current assets
€21k ▲ 60.6%
Equity and liabilities €62k
Equity
€4k
Debt
€59k
Debt finances 93.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€24k▲
2024 · €-101
Cash flow
€20k▲
2024 · €-4k
Current ratio
0.69▲
2024 · 0.42
Debt to equity
15.25▲
2024 · -12.63
ROE
246.2%
ROA
15.2%▲
2024 · -21.7%
Interest coverage
9.28▲
2024 · -0.03
Debt ≤ 1 year
€30k▼
2024 · €31k
Debt > 1 year
€28k▼
2024 · €40k
Income taxes
€1k▲
2024 · €267
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €5k | €11k | €11k | ▲ 1.8% |
| Other operating charges640/8 | - | €451 | €416 | €3k | €1k | ▼ 67.3% |
| Gross operating margin9900 | €8k | €7k | €16k | €3k | €25k | ▲ 700% |
| Operating profit (loss)9901 | €5k | €4k | €10k | €-11k | €13k | ▲ 225% |
| Financial income75/76B | - | €7 | €70 | €3 | €5 | ▲ 64.7% |
| Recurring financial income75 | - | €7 | €70 | €3 | €5 | ▲ 64.7% |
| Financial charges65/66B | - | €568 | €1k | €3k | €3k | ▼ 20.9% |
| Recurring financial charges65 | €472 | €568 | €1k | €3k | €3k | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €5k | €3k | €9k | €-14k | €11k | ▲ 177% |
| Income taxes67/77 | €2k | €2k | €3k | €267 | €1k | ▲ 383% |
| Profit (loss) for the period9904 | €3k | €817 | €6k | €-14k | €9k | ▲ 167% |
| Profit (loss) for the period to be appropriated9905 | €3k | €817 | €6k | €-14k | €9k | ▲ 167% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30k | €43k | €94k | €65k | €62k | ▼ 4.5% |
| Fixed assets21/28 | €9k | €6k | €57k | €53k | €42k | ▼ 20.4% |
| Intangible fixed assets21 | €4k | €3k | €2k | €993 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €4k | €3k | €55k | €52k | €42k | ▼ 18.9% |
| Land and buildings22 | - | - | - | - | €34k | - |
| Plant, machinery and equipment23 | - | €3k | €1k | €5k | €3k | ▼ 45.9% |
| Leasing and similar rights25 | - | - | €11k | €8k | €5k | ▼ 39.3% |
| Other tangible fixed assets26 | - | - | €43k | €39k | - | - |
| Current assets29/58 | €21k | €37k | €37k | €13k | €21k | ▲ 60.6% |
| Amounts receivable within one year40/41 | €21k | €12k | €18k | €12k | €13k | ▲ 10.0% |
| Trade receivables40 | - | €12k | €14k | €12k | €13k | ▲ 10.0% |
| Other amounts receivable41 | - | €175 | €4k | - | - | - |
| Cash at bank and in hand54/58 | - | €23k | €19k | - | €7k | - |
| Deferred charges and accrued income490/1 | - | €2k | €335 | €799 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30k | €43k | €94k | €65k | €62k | ▼ 4.5% |
| Equity10/15 | €2k | €3k | €9k | €-6k | €4k | ▲ 168% |
| Contributions10/11 | - | €1k | €1k | €1k | €1k | = |
| Reserves13 | €1k | €2k | €8k | €8k | €8k | = |
| Distributable reserves133 | - | €2k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | - | - | - | €-14k | €-5k | ▲ 66.8% |
| Amounts payable17/49 | €28k | €40k | €86k | €71k | €59k | ▼ 17.4% |
| Amounts payable after more than one year17 | €11k | €10k | €50k | €40k | €28k | ▼ 28.5% |
| Financial debts170/4 | - | €10k | €50k | €40k | €28k | ▼ 28.5% |
| Amounts payable within one year42/48 | €17k | €30k | €35k | €31k | €30k | ▼ 3.1% |
| Current portion of amounts payable after more than one year42 | - | €4k | €10k | €12k | €13k | ▲ 11.8% |
| Financial debts43 | - | €6 | - | €3k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €6 | - | €3k | €0 | ▼ 100% |
| Trade debts44 | €1k | €686 | €13k | €2k | €2k | ▼ 14.8% |
| Suppliers440/4 | - | €686 | €13k | €2k | €2k | ▼ 14.8% |
| Taxes, remuneration and social security45 | - | €6k | €12k | €13k | €7k | ▼ 48.3% |
| Taxes450/3 | - | €3k | €10k | €10k | €4k | ▼ 58.5% |
| Remuneration and social security454/9 | - | €2k | €2k | €3k | €3k | ▼ 18.9% |
| Other amounts payable47/48 | - | €20k | - | €335 | €8k | ▲ 2,322% |
| Accrued charges and deferred income492/3 | - | €282 | €28 | €150 | €86 | ▼ 42.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €817 | €6k | €-14k | €9k | ▲ 167% |
| + Depreciation and write-downs630 | €3k | €3k | €5k | €11k | €11k | ▲ 1.8% |
| Operating cash flow (approximation) | €6k | €4k | €11k | €-4k | €20k | ▲ 654% |
| Investment in fixed assets (approximation) | - | €0 | €-57k | €-6k | €0 | ▲ 100% |
| Change in cash | - | - | €-4k | - | - | - |
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
2026
20-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
2024
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial 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
Registered office, As · 1 establishment unit since 2020
Ground area
2,102 m²
Building footprint
282 m²
Volume, LiDAR
2,993 m³
2 parcels, Flanders · tallest building 20.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
DSR
since 20202.301.594.620
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71043B0007/00Y019 | Flanders | 1,079 m² | 1 · 143 m² | 7.4 m · 2 fl. |
| 71043B0007/00V023 | Flanders | 1,022 m² | 1 · 139 m² | 20.3 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,035 EUR awarded · 1,035 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 585 EUR |
| 2022 | 1 | 1,035 EUR | 450 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
25490028MES6IAF0IR98
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 13,199 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
Founded30-04-2020
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
46130Agents in the wholesale of timber and building materials
47521Retail sale of hardware, building materials, paint and glass (general range)
47529Retail trade
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.