DSW HOLDING
ActiveDSW HOLDING has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €753k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 79% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20=
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 5.75 against 7.19 in 2024; short-term debt: 17.4% and cash: 0.2% of total assets), and 17.4% 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 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
Sector 70
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 2025Solvency, return and age of the figures
Solvency
82.6%
Return on assets
1.1%
Age of the figures
15 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 06-01-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
4 d early
2023
on the day
2022
31 d early
2021
26 d early
2020
2 d early
2019
29 d early
← 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 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€753k▲ 1.4%
2024 · €742k
2019: €51k
2020: €52k
2021: €52k
2022: €52k
2023: €733k
2024: €742k
2019 → 2025
Total assets
€911k▲ 5.7%
2024 · €862k
2019: €107k
2020: €119k
2021: €132k
2022: €143k
2023: €907k
2024: €862k
2019 → 2025
Net result
€10k▲ 18.2%
2024 · €9k
2019: €9k
2020: €418
2021: €4k
2022: €3k
2023: €682k
2024: €9k
2019 → 2025
Working capital
€751k▲ 1.5%
2024 · €740k
2019: €-29k
2020: €-28k
2021: €-28k
2022: €-32k
2023: €731k
2024: €740k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€52k▼ 0.1%€733k▲ 1,319%€742k▲ 1.2%€753k▲ 1.4%
Operating result€5k-€4k▼ 18.1%€750k▲ 17,581%€-3k€-1k▲ 66.4%
Net result€4k-€3k▼ 18.3%€682k▲ 20,166%€9k▼ 98.7%€10k▲ 18.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €911k
Fixed assets
€2k▼ 37.5%
Current assets
€910k▲ 5.8%
Equity and liabilities €911k
Equity
€753k▲ 1.4%
Debt
€159k▲ 32.3%
The debt ratio rises from 13.9% to 17.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-130▲
2024 · €-2k
Cash flow
€11k▲
2024 · €10k
Solvency
82.6%▼
2024 · 86.1%
Current ratio
5.75▼
2024 · 7.19
Quick ratio
5.75▼
2024 · 7.19
Debt / equity
0.21▲
2024 · 0.16
ROE
1.4%▲
2024 · 1.2%
ROA
1.1%▲
2024 · 1.0%
Interest coverage
-3.33▲
2024 · -39.66
Debt
€159k▲
2024 · €120k
Debt ≤ 1 year
€158k▲
2024 · €119k
Income taxes
€5k▲
2024 · €5k
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€862k€911k▲
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€860k€910k▲
Amounts receivable after more than one year29€825k€825k=
Other amounts receivable291€825k€825k=
Amounts receivable within one year40/41€16k€48k▲
Trade receivables40€12k€20k▲
Other amounts receivable41€4k€29k▲
Cash at bank and in hand54/58€608€2k▲
Deferred charges and accrued income490/1€18k€34k▲
Equity and liabilities
Total equity and liabilities10/49€862k€911k▲
Equity10/15€742k€753k▲
Contributions10/11€19k€19k=
Reserves13€724k€734k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€722k€732k▲
Amounts payable17/49€120k€159k▲
Amounts payable within one year42/48€119k€158k▲
Trade debts44€1k€124k▲
Suppliers440/4€1k€124k▲
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Other amounts payable47/48€114k€29k▼
Accrued charges and deferred income492/3€387€400▲
Income statement
Code20242025
Non-recurring operating income76A€0€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€903€903=
Other operating charges640/8€606€1k▲
Gross operating margin9900€-2k€953▲
Operating profit (loss)9901€-3k€-1k▲
Financial income75/76B€17k€16k▼
Recurring financial income75€17k€16k▼
Financial charges65/66B€55€39▼
Recurring financial charges65€55€39▼
Profit (loss) for the period before taxes9903€13k€15k▲
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€9k€10k▲
Profit (loss) for the period to be appropriated9905€9k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€10k▲
Transfer to equity691/2€9k€10k▲
To other reserves6921€9k€10k▲
The notes to these accounts (5 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
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €682k ▲20166%
Operating result €750k, net result €682k, both a record.
30-06
Financial
Liquidity times 8current ratio 5.21
Current ratio from 0.64 to 5.21.
30-06
Financial
Equity above €500kEq €733k ▲1319%
5 profitable years in a row build equity to €733k.
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €418 ▼95.4%
Net result drops to €418, the lowest in the series; recovery starts the following year.
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
03-01
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.
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, Geel · 1 establishment unit since 2014
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.
Molseweg 572440 GeelGround area
3,023 m²
Building footprint
1,025 m²
Volume, LiDAR
5,151 m³
Parcel 13008I2159/00W002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DSW HOLDING
since 20142.235.089.935
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008I2159/00W002 | Flanders | 3,023 m² | 1 · 1,025 m² | 7.9 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
Qogito
BE 0658.825.582
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BERBERIS
BE 0475.801.727
Ham-sur-Heure-Nalinnes · Eq €753k
ARTIM
BE 0428.560.351
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HMI Management
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Rouvroy · Eq €753k
STRAIGHT FORWARD
BE 0835.574.430
Oudergem · Eq €753k
Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 30,848 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-09-2014
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.