DSV PROJECTS
ActiveDSV PROJECTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.11M and a net result of €227k. Equity is growing by ~39% per year across the filed fiscal years. Its solvency ranks better than 87% of 2138 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+44
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.65 against 4.66 in 2024), and 21.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
78.3%
Return on assets
16.1%
Age of the figures
14 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
on the day
2021
30 d late
2020
12 d late
2019
31 d late
← before the deadline
after the deadline →
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 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.11M▲ 25.8%
2024 · €878k
2018: €47k
2019: €69k
2020: €107k
2021: €416k
2022: €418k
2023: €779k
2024: €878k
2018 → 2025
Total assets
€1.41M▲ 36.0%
2024 · €1.04M
2018: €454k
2019: €450k
2020: €485k
2021: €910k
2022: €1.00M
2023: €1.23M
2024: €1.04M
2018 → 2025
Net result
€227k▲ 129%
2024 · €99k
2018: €-23k
2019: €22k
2020: €38k
2021: €309k
2022: €2k
2023: €361k
2024: €99k
2018 → 2025
Working capital
€499k▲ 2.9%
2024 · €485k
2018: €-42k
2019: €-22k
2020: €-459
2021: €284k
2022: €240k
2023: €580k
2024: €485k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€416k-€418k▲ 0.5%€779k▲ 86.4%€878k▲ 12.7%€1.11M▲ 25.8%
Operating result€415k-€7k▼ 98.4%€510k▲ 7,634%€161k▼ 68.5%€261k▲ 62.5%
Net result€309k-€2k▼ 99.4%€361k▲ 18,612%€99k▼ 72.6%€227k▲ 129%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 62% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.41M
Fixed assets
€611k▲ 45.0%
Current assets
€801k▲ 29.9%
Equity and liabilities €1.41M
Equity
€1.11M▲ 25.8%
Debt
€307k▲ 91.9%
The debt ratio rises from 15.4% to 21.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€321k▲
2024 · €219k
Cash flow
€287k▲
2024 · €157k
Solvency
78.3%▼
2024 · 84.6%
Current ratio
2.65▼
2024 · 4.66
Quick ratio
2.65▼
2024 · 4.66
Debt / equity
0.28▲
2024 · 0.18
ROE
20.5%▲
2024 · 11.3%
ROA
16.1%▲
2024 · 9.5%
Interest coverage
281.59▲
2024 · 11.74
Debt
€307k▲
2024 · €160k
Debt ≤ 1 year
€302k▲
2024 · €132k
Debt > 1 year
€4k▼
2024 · €4k
Income taxes
€33k▼
2024 · €46k
Staff costs
€681k▲
2024 · €493k
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€1.04M€1.41M▲
Fixed assets21/28€421k€611k▲
Tangible fixed assets22/27€359k€329k▼
Land and buildings22€291k€259k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€48k€56k▲
Leasing and similar rights25€21k€13k▼
Financial fixed assets28€62k€282k▲
Current assets29/58€617k€801k▲
Amounts receivable within one year40/41€609k€766k▲
Trade receivables40€150k€341k▲
Other amounts receivable41€459k€425k▼
Cash at bank and in hand54/58€6k€35k▲
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.04M€1.41M▲
Equity10/15€878k€1.11M▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Outside capital11€0-
Other1109/19€0-
Reserves13€728k€867k▲
Tax-exempt reserves132€408k€274k▼
Distributable reserves133€320k€593k▲
Profit (loss) carried forward14-€88k
Amounts payable17/49€160k€307k▲
Amounts payable after more than one year17€4k€4k▼
Financial debts170/4€4k€4k▼
Amounts payable within one year42/48€132k€302k▲
Current portion of amounts payable after more than one year42€11k€0▼
Financial debts43€35k€0▼
Credit institutions430/8€35k€0▼
Trade debts44€29k€19k▼
Suppliers440/4€29k€19k▼
Taxes, remuneration and social security45€58k€283k▲
Taxes450/3€5k€208k▲
Remuneration and social security454/9€53k€76k▲
Accrued charges and deferred income492/3€23k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€493k€681k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€60k▲
Other operating charges640/8€13k€11k▼
Gross operating margin9900€724k€1.01M▲
Operating profit (loss)9901€161k€261k▲
Financial income75/76B€3k€0▼
Recurring financial income75€3k€0▼
Financial charges65/66B€19k€1k▼
Recurring financial charges65€19k€1k▼
Profit (loss) for the period before taxes9903€145k€260k▲
Income taxes67/77€46k€33k▼
Profit (loss) for the period9904€99k€227k▲
Transfer from tax-exempt reserves789-€274k
Transfer to tax-exempt reserves689€51k€139k▲
Profit (loss) for the period to be appropriated9905€49k€362k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€362k▲
Transfer to equity691/2€49k€274k▲
To other reserves6921€49k€274k▲
Social balance
Average headcount (FTE)90876.49.1▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Equity above €1MEq €1.11M ▲25.8%
7 profitable years in a row build equity to €1.11M.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2018net €361k ▲18612%
Operating result €510k, net result €361k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 3.76
Current ratio from 1.78 to 3.76; short-term debt falls from €307k to €210k.
30-06
Financial
Equity above €500kEq €779k ▲86.4%
5 profitable years in a row build equity to €779k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.35
Current ratio from 1.00 to 2.35.
31-12
Financial
Equity above €200kEq €416k ▲289%
3 profitable years in a row build equity to €416k.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
31-12
Financial
Equity above €100kEq €107k ▲54.5%
2 profitable years in a row build equity to €107k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tielt · 1 establishment unit since 2011
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.
Tieltstraat 1388760 TieltGround area
154 m²
Building footprint
154 m²
Volume, LiDAR
1,148 m³
Parcel 37322C0420/00Y000, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DSV PROJECTS
since 20112.200.218.930
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322C0420/00Y000 | Flanders | 154 m² | 1 · 154 m² | 11.5 m · 2 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
BOUWONDERNEMING WILLEMS
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AANNEMINGEN BAEYENS
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R.D.P. BOUWWERKEN
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Van Caille
BE 0454.770.147
Knokke-Heist · Eq €1.10M
Of 29,531 companies in sector 41001 we hold annual accounts for 15,859. 6,010 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-06-2011
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.