DVS
ActiveSummary
The computed 12-month bankruptcy probability of DVS is 1.8% (moderate). The 2025 annual accounts show equity of €197k and a net result of €87k. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 34% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+49
Solvency58▲+14
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.13 in 2024; short-term debt: 11.5% and cash: 8.6% of total assets), but 67.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
32.6%
Return on assets
14.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
22 d early
2024
on the day
2023
29 d late
2022
30 d late
2021
45 d late
2020
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€197k▲ 78.9%
2024 · €110k
2020: €11klowest in 6 years
2021: €31k▲ +171% vs 2020
2022: €129k▲ +320% vs 2021
2023: €148k▲ +15.0% vs 2022
2024: €110k▼ -25.7% vs 2023
2025: €197k▲ +78.9% vs 2024highest in 6 years
2020 → 2025
Total assets
€605k▲ 2.9%
2024 · €588k
2020: €33klowest in 6 years
2021: €67k▲ +105% vs 2020
2022: €249k▲ +269% vs 2021
2023: €238k▼ -4.1% vs 2022
2024: €588k▲ +147% vs 2023
2025: €605k▲ +2.9% vs 2024highest in 6 years
2020 → 2025
Net result
€87k
2024 · €-38k
2020: €5k
2021: €19k▲ +264% vs 2020
2022: €98k▲ +407% vs 2021highest in 6 years
2023: €19k▼ -80.4% vs 2022
2024: €-38k▼ -297% vs 2023lowest in 6 years
2025: €87k▲ +328% vs 2024
2020 → 2025
Working capital
€80k▲ 415%
2024 · €16k
2020: €-2klowest in 6 years
2021: €19k▲ +978% vs 2020
2022: €98k▲ +410% vs 2021
2023: €118k▲ +19.6% vs 2022highest in 6 years
2024: €16k▼ -86.8% vs 2023
2025: €80k▲ +415% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€31k-€129k▲ 320%€148k▲ 15.0%€110k▼ 25.7%€197k▲ 78.9%
2021: €31klowest in 5 years
2022: €129k▲ +320% vs 2021
2023: €148k▲ +15.0% vs 2022
2024: €110k▼ -25.7% vs 2023
2025: €197k▲ +78.9% vs 2024highest in 5 years
Operating result€29k-€140k▲ 387%€27k▼ 81.0%€-26k€123k
2021: €29k
2022: €140k▲ +387% vs 2021highest in 5 years
2023: €27k▼ -81.0% vs 2022
2024: €-26k▼ -197% vs 2023lowest in 5 years
2025: €123k▲ +578% vs 2024
Net result€19k-€98k▲ 407%€19k▼ 80.4%€-38k€87k
2021: €19k
2022: €98k▲ +407% vs 2021highest in 5 years
2023: €19k▼ -80.4% vs 2022
2024: €-38k▼ -297% vs 2023lowest in 5 years
2025: €87k▲ +328% vs 2024
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: €123k after a loss of €26k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €605k
Fixed assets
€455k ▲ 1.0%
Current assets
€150k ▲ 9.2%
Equity and liabilities €605k
Equity
€197k ▲ 78.9%
Debt
€408k ▼ 14.6%
Debt's share of the balance-sheet total falls from 81.3% to 67.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158k▲
2024 · €46k
Cash flow
€122k▲
2024 · €34k
Current ratio
2.16▲
2024 · 1.13
Quick ratio
1.66▲
2024 · 0.75
Debt to equity
2.07▼
2024 · 4.34
ROE
44.1%▲
2024 · -34.6%
ROA
14.4%▲
2024 · -6.5%
Interest coverage
8.67▲
2024 · 3.30
Debt ≤ 1 year
€69k▼
2024 · €121k
Debt > 1 year
€339k▼
2024 · €356k
Income taxes
€19k▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€588k€605k▲
Fixed assets21/28€451k€455k▲
Tangible fixed assets22/27€451k€455k▲
Land and buildings22€380k€373k▼
Plant, machinery and equipment23€48k€55k▲
Furniture and vehicles24€23k€28k▲
Current assets29/58€137k€150k▲
Stocks and contracts in progress3€46k€34k▼
Stocks30/36€46k€34k▼
Amounts receivable within one year40/41€80k€59k▼
Trade receivables40€43k€41k▼
Other amounts receivable41€37k€19k▼
Cash at bank and in hand54/58€11k€52k▲
Deferred charges and accrued income490/1€12€4k▲
Equity and liabilities
Total equity and liabilities10/49€588k€605k▲
Equity10/15€110k€197k▲
Contributions10/11€6k€6k=
Reserves13€137k€191k▲
Distributable reserves133€137k€191k▲
Profit (loss) carried forward14€-33k€0▲
Amounts payable17/49€478k€408k▼
Amounts payable after more than one year17€356k€339k▼
Financial debts170/4€356k€339k▼
Amounts payable within one year42/48€121k€69k▼
Current portion of amounts payable after more than one year42€31k€21k▼
Trade debts44€53k€12k▼
Suppliers440/4€53k€12k▼
Taxes, remuneration and social security45€14k€844▼
Taxes450/3€14k€844▼
Other amounts payable47/48€23k€35k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€35k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€2k€4k▲
Gross operating margin9900€49k€162k▲
Operating profit (loss)9901€-26k€123k▲
Financial income75/76B€2k€889▼
Recurring financial income75€2k€889▼
Financial charges65/66B€14k€18k▲
Recurring financial charges65€14k€18k▲
Profit (loss) for the period before taxes9903€-38k€106k▲
Income taxes67/77€0€19k▲
Profit (loss) for the period9904€-38k€87k▲
Profit (loss) for the period to be appropriated9905€-38k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€54k▲
Profit (loss) brought forward from the previous period14P€5k€-33k▼
Transfer to equity691/2€0€54k▲
To other reserves6921€0€54k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €11k | €16k | €72k | €35k | ▼ 51.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2k | €0 | - | - |
| Other operating charges640/8 | €259 | €1k | €2k | €2k | €4k | ▲ 51.9% |
| Gross operating margin9900 | €34k | €152k | €47k | €49k | €162k | ▲ 232% |
| Operating profit (loss)9901 | €29k | €140k | €27k | €-26k | €123k | ▲ 578% |
| Financial income75/76B | €0 | €0 | €280 | €2k | €889 | ▼ 48.4% |
| Recurring financial income75 | €0 | €0 | €280 | €2k | €889 | ▼ 48.4% |
| Financial charges65/66B | €50 | €1k | €1k | €14k | €18k | ▲ 29.9% |
| Recurring financial charges65 | €50 | €1k | €1k | €14k | €18k | ▲ 29.9% |
| Profit (loss) for the period before taxes9903 | €29k | €139k | €26k | €-38k | €106k | ▲ 378% |
| Income taxes67/77 | €9k | €41k | €7k | €0 | €19k | - |
| Profit (loss) for the period9904 | €19k | €98k | €19k | €-38k | €87k | ▲ 328% |
| Profit (loss) for the period to be appropriated9905 | €19k | €98k | €19k | €-38k | €87k | ▲ 328% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67k | €249k | €238k | €588k | €605k | ▲ 2.9% |
| Fixed assets21/28 | €11k | €48k | €43k | €451k | €455k | ▲ 1.0% |
| Tangible fixed assets22/27 | €11k | €48k | €43k | €451k | €455k | ▲ 1.0% |
| Land and buildings22 | - | - | - | €380k | €373k | ▼ 1.9% |
| Plant, machinery and equipment23 | €3k | €22k | €25k | €48k | €55k | ▲ 13.6% |
| Furniture and vehicles24 | €9k | €27k | €18k | €23k | €28k | ▲ 21.8% |
| Current assets29/58 | €56k | €200k | €195k | €137k | €150k | ▲ 9.2% |
| Stocks and contracts in progress3 | - | €12k | €64k | €46k | €34k | ▼ 24.6% |
| Stocks30/36 | - | €12k | €64k | €46k | €34k | ▼ 24.6% |
| Amounts receivable within one year40/41 | €20k | €110k | €21k | €80k | €59k | ▼ 26.1% |
| Trade receivables40 | €9k | €110k | €21k | €43k | €41k | ▼ 4.4% |
| Other amounts receivable41 | €11k | - | - | €37k | €19k | ▼ 50.6% |
| Cash at bank and in hand54/58 | €36k | €77k | €109k | €11k | €52k | ▲ 363% |
| Deferred charges and accrued income490/1 | - | €721 | €2k | €12 | €4k | ▲ 30,093% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67k | €249k | €238k | €588k | €605k | ▲ 2.9% |
| Equity10/15 | €31k | €129k | €148k | €110k | €197k | ▲ 78.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €19k | €118k | €137k | €137k | €191k | ▲ 39.6% |
| Distributable reserves133 | €19k | €118k | €137k | €137k | €191k | ▲ 39.6% |
| Profit (loss) carried forward14 | €5k | €5k | €5k | €-33k | €0 | ▲ 100% |
| Amounts payable17/49 | €37k | €120k | €90k | €478k | €408k | ▼ 14.6% |
| Amounts payable after more than one year17 | - | €18k | €12k | €356k | €339k | ▼ 5.0% |
| Financial debts170/4 | - | €18k | €12k | €356k | €339k | ▼ 5.0% |
| Amounts payable within one year42/48 | €37k | €102k | €78k | €121k | €69k | ▼ 42.9% |
| Current portion of amounts payable after more than one year42 | - | €5k | €5k | €31k | €21k | ▼ 30.2% |
| Trade debts44 | €19k | €3k | €22k | €53k | €12k | ▼ 77.2% |
| Suppliers440/4 | €19k | €3k | €22k | €53k | €12k | ▼ 77.2% |
| Taxes, remuneration and social security45 | €11k | €88k | €44k | €14k | €844 | ▼ 94.1% |
| Taxes450/3 | €11k | €63k | €44k | €14k | €844 | ▼ 94.1% |
| Remuneration and social security454/9 | - | €25k | €0 | - | - | - |
| Other amounts payable47/48 | €6k | €5k | €6k | €23k | €35k | ▲ 50.2% |
| Accrued charges and deferred income492/3 | - | - | €22 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €98k | €19k | €-38k | €87k | ▲ 328% |
| + Depreciation and write-downs630 | €5k | €11k | €16k | €72k | €35k | ▼ 51.7% |
| Operating cash flow (approximation) | €24k | €109k | €35k | €34k | €122k | ▲ 258% |
| Investment in fixed assets (approximation) | - | €-48k | €-10k | €-480k | €-39k | ▲ 91.8% |
| Change in cash | - | €41k | €31k | €-97k | €41k | ▲ 142% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €87k
Net result €87k after one loss-making year.
31-12
Financial
Equity above €150kEq €197k ▲78.9%
Equity rises from €110k to €197k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2020net €98k ▲407%
Operating result €140k, net result €98k, both a record.
31-12
Financial
Equity above €100kEq €129k ▲320%
3 profitable years in a row build equity to €129k.
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Willebroek · 1 establishment unit since 2020
Ground area
244 m²
Building footprint
95 m²
Volume, LiDAR
465 m³
Parcel 12004B0325/00T000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DVS
since 20202.299.488.334
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12004B0325/00T000 | Flanders | 244 m² | 1 · 95 m² | 9.3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 378 EUR awarded · 378 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 378 EUR | 378 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,292 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
Founded19-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43990Other specialised construction activities
47120Other non-specialised retail sale
47529Retail trade
82300Organisation of conventions and trade shows
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.