Summary
DSV Engineering is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €148,391 and a net result of €21,424. Equity is growing by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 9872 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
19 d late
2022
28 d late
2021
30 d late
2020
25 d early
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€148,391▲ 29.5%
2023 · €114,547
Net result
€21,424▼ 57.8%
2023 · €50,732
Total assets
€423,538▼ 2.6%
2023 · €434,651
Solvency
35.0%▲ 8.7pp
2023 · 26.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€16,581▲ 3.7%€26,676▲ 60.9%€21,398▼ 19.8%€67,683▲ 216%€34,158▼ 49.5%
Net result€6,307=€15,593within the sector's middle half▲ 147%€12,521within the sector's middle half▼ 19.7%€50,732within the sector's middle half▲ 305%€21,424within the sector's middle half▼ 57.8%
Equity€41,286▲ 14.1%€56,879within the sector's middle half▲ 37.8%€67,800within the sector's middle half▲ 19.2%€114,547within the sector's middle half▲ 68.9%€148,391within the sector's middle half▲ 29.5%
Total assets€364,509▲ 6.2%€368,807within the sector's middle half▲ 1.2%€360,581within the sector's middle half▼ 2.2%€434,651within the sector's middle half▲ 20.5%€423,538within the sector's middle half▼ 2.6%
Debt€323,223▲ 3.2%€311,928▼ 3.5%€292,781▼ 6.1%€301,509▲ 3.0%€271,855▼ 9.8%
Working capital€73,293€87,958within the sector's middle half▲ 20.0%€90,032within the sector's middle half▲ 2.4%€113,770within the sector's middle half▲ 26.4%€126,127within the sector's middle half▲ 10.9%
Solvency11.3%▲ 0.8pp15.4%below the sector's middle half▲ 4.1pp18.8%below the sector's middle half▲ 3.4pp26.4%within the sector's middle half▲ 7.6pp35.0%within the sector's middle half▲ 8.7pp
Current ratio1.83▲ 1.131.89within the sector's middle half▲ 0.061.91within the sector's middle half▲ 0.012.33within the sector's middle half▲ 0.422.43within the sector's middle half▲ 0.09
Return on assets (ROA)1.7%▼ 0.1pp4.2%within the sector's middle half▲ 2.5pp3.5%within the sector's middle half▼ 0.8pp11.7%within the sector's middle half▲ 8.2pp5.1%within the sector's middle half▼ 6.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 50% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €423,538
Fixed assets
€208,976 ▼ 11.3%
Current assets
€214,562 ▲ 7.7%
Equity and liabilities €423,538
Equity
€148,391 ▲ 29.5%
Provisions
€3,292 ▼ 82.3%
Debt
€271,855 ▼ 9.8%
Debt's share of the balance-sheet total falls from 69.4% to 64.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
14.4%▼
2023 · 44.3%
Debt ≤ 1 year
€88,436▲
2023 · €85,373
Debt > 1 year
€182,519▼
2023 · €213,077
Income taxes
€9,402▼
2023 · €10,257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €42,333 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,293 | €20,762 | €10,977 | €12,896 | €26,533 | ▲ 106% |
| Other operating charges640/8 | - | €1,690 | €1,961 | €5,020 | €3,580 | ▼ 28.7% |
| Gross operating margin9900 | €58,222 | €49,129 | €34,336 | €85,598 | €64,271 | ▼ 24.9% |
| Operating profit (loss)9901 | €16,581 | €26,676 | €21,398 | €67,683 | €34,158 | ▼ 49.5% |
| Financial income75/76B | - | €3,143 | €2,962 | €2,984 | €4,931 | ▲ 65.3% |
| Recurring financial income75 | €262 | €3,143 | €2,962 | €2,984 | €4,931 | ▲ 65.3% |
| Financial charges65/66B | - | €4,929 | €5,701 | €5,067 | €9,428 | ▲ 86.1% |
| Recurring financial charges65 | €6,788 | €4,929 | €5,701 | €5,067 | €9,428 | ▲ 86.1% |
| Profit (loss) for the period before taxes9903 | €10,770 | €24,890 | €18,659 | €65,599 | €29,661 | ▼ 54.8% |
| Transfer from deferred taxes780 | - | - | - | €51 | €1,165 | ▲ 2,181% |
| Transfer to deferred taxes680 | - | - | - | €4,662 | - | - |
| Income taxes67/77 | €4,969 | €9,296 | €6,138 | €10,257 | €9,402 | ▼ 8.3% |
| Profit (loss) for the period9904 | €6,307 | €15,593 | €12,521 | €50,732 | €21,424 | ▼ 57.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €204 | €3,496 | ▲ 1,611% |
| Transfer to tax-exempt reserves689 | - | - | - | €18,646 | - | - |
| Profit (loss) for the period to be appropriated9905 | €6,307 | €15,593 | €12,521 | €32,290 | €24,920 | ▼ 22.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €364,509 | €368,807 | €360,581 | €434,651 | €423,538 | ▼ 2.6% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €224,340 | €182,497 | €171,520 | €235,509 | €208,976 | ▼ 11.3% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €224,340 | €182,497 | €171,520 | €235,509 | €208,976 | ▼ 11.3% |
| Land and buildings22 | - | €164,386 | €158,511 | €152,636 | €146,761 | ▼ 3.8% |
| Plant, machinery and equipment23 | - | - | - | €3,396 | €2,608 | ▼ 23.2% |
| Furniture and vehicles24 | - | - | - | €2,872 | €1,996 | ▼ 30.5% |
| Leasing and similar rights25 | - | - | - | €68,697 | €54,806 | ▼ 20.2% |
| Other tangible fixed assets26 | - | €18,111 | €13,009 | €7,907 | €2,806 | ▼ 64.5% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €161,249 | €186,310 | €189,061 | €199,143 | €214,562 | ▲ 7.7% |
| Amounts receivable after more than one year29 | - | €69,871 | €59,337 | €48,382 | €36,989 | ▼ 23.5% |
| Other amounts receivable291 | - | €69,871 | €59,337 | €48,382 | €36,989 | ▼ 23.5% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €58,080 | €105,093 | €105,147 | €96,322 | €116,755 | ▲ 21.2% |
| Trade receivables40 | - | €91,560 | €81,080 | €58,338 | €38,626 | ▼ 33.8% |
| Other amounts receivable41 | - | €13,533 | €24,067 | €37,984 | €78,129 | ▲ 106% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €33,569 | €9,993 | €20,538 | €40,201 | €45,802 | ▲ 13.9% |
| Deferred charges and accrued income490/1 | - | €1,353 | €4,038 | €14,237 | €15,016 | ▲ 5.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €364,509 | €368,807 | €360,581 | €434,651 | €423,538 | ▼ 2.6% |
| Equity10/15 | €41,286 | €56,879 | €67,800 | €114,547 | €148,391 | ▲ 29.5% |
| Contributions10/11 | - | €7,000 | €7,000 | €18,600 | €18,600 | = |
| Reserves13 | €34,230 | €49,230 | €60,151 | €95,947 | €129,791 | ▲ 35.3% |
| Non-distributable reserves130/1 | - | €1,460 | €1,460 | - | - | - |
| Reserves not available under the articles1311 | - | €1,460 | €1,460 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €4,457 | €15,099 | ▲ 239% |
| Distributable reserves133 | - | €47,770 | €58,691 | €91,490 | €114,692 | ▲ 25.4% |
| Profit (loss) carried forward14 | -€1,757 | €650 | €650 | - | - | - |
| Provisions and deferred taxes16 | - | - | - | €18,595 | €3,292 | ▼ 82.3% |
| Deferred taxes168 | - | - | - | €18,595 | €3,292 | ▼ 82.3% |
| Amounts payable17/49 | €323,223 | €311,928 | €292,781 | €301,509 | €271,855 | ▼ 9.8% |
| Amounts payable after more than one year17 | €234,315 | €213,576 | €193,331 | €213,077 | €182,519 | ▼ 14.3% |
| Financial debts170/4 | - | €213,576 | €193,331 | €213,077 | €182,519 | ▼ 14.3% |
| Amounts payable within one year42/48 | €87,956 | €98,352 | €99,029 | €85,373 | €88,436 | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | - | €20,739 | €20,245 | €29,713 | €30,558 | ▲ 2.8% |
| Trade debts44 | €8,156 | €10,012 | €15,456 | €13,688 | €18,515 | ▲ 35.3% |
| Suppliers440/4 | - | €10,012 | €15,456 | €13,688 | €18,515 | ▲ 35.3% |
| Taxes, remuneration and social security45 | - | €32,238 | €39,380 | €31,236 | €27,078 | ▼ 13.3% |
| Taxes450/3 | - | €30,052 | €35,004 | €31,236 | €27,078 | ▼ 13.3% |
| Remuneration and social security454/9 | - | €2,186 | €4,375 | - | - | - |
| Other amounts payable47/48 | - | €35,363 | €23,949 | €10,736 | €12,285 | ▲ 14.4% |
| Accrued charges and deferred income492/3 | - | - | €421 | €3,060 | €900 | ▼ 70.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,307 | €15,593 | €12,521 | €50,732 | €21,424 | ▼ 57.8% |
| + Depreciation and write-downs630 | €41,293 | €20,762 | €10,977 | €12,896 | €26,533 | ▲ 106% |
| Operating cash flow (approximation) | €47,600 | €36,356 | €23,498 | €63,627 | €47,957 | ▼ 24.6% |
| Investment in fixed assets (approximation) | - | €21,080 | €0 | -€76,884 | €0 | ▲ 100% |
| Change in cash | - | -€23,576 | €10,546 | €19,663 | €5,601 | ▼ 71.5% |
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
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Highest result since 2018net €50,732 ▲305%
Operating result €67,683, net result €50,732, both a record.
31-12
Financial
Equity above €100,000Eq €114,547 ▲68.9%
5 profitable years in a row build equity to €114,547.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 1.83
Current ratio from 0.70 to 1.83; short-term debt falls from €110,188 to €87,956.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €6,307
Net result €6,307 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Genk · 1 establishment unit since 2015
Ground area
2,810 m²
Building footprint
147 m²
Volume, LiDAR
967 m³
Parcel 71306G0221/00S136, Flanders · tallest building 17.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DSV Engineering
since 20152.238.779.004
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0221/00S136 | Flanders | 2,810 m² | 1 · 147 m² | 17.4 m · 2 fl. |
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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,218 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
Founded20-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568864121
Registered
20-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.