DVSD
ActiveSummary
DVSD has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,533 and a net result of -€3,372. Equity has been growing by about 21% per year since 2022. Its solvency ranks better than 45% of 378 sector peers (NACE 11, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-09-2021 Normal situation
- Activity
- Manufacture of beverages NACE 11010and 1 other
- Establishment unit
- 2.321.385.291 9880 Aalter, since 03-09-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €1,497
- ▼ 87.1%
- Turnover
- ≈ €11,000
- estimated
- Loss
- €3,372
- Equity
- €7,533
- ▼ 30.9%
- Total assets
- €70,929
- ▼ 16.8%
- 2025 accounts filed 12 days after the deadline
Score breakdownraises riskFounded in 20211 change of registered office in 24 monthsEquity €7,533 (10.6% of total assets)lowers riskSector: Manufacture of beverages (NACE 11)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 11, micro). It does better than 43% of them on solvency, 74% on liquidity, 42% on profitability and 27% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 11 days after the deadline. In the sector (NACE 11), the median for financial year 2024 was 2 days before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 12 days after the deadline Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00394434.
Annual accounts 2025 filed on 12-08-2026 at the NBB all 4 filings
2022 to 2025, 4 financial years
The operating result for 2025 is 98% lower than in 2024. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of beverages (NACE 11). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,397 | - | - | - |
| Financial fixed assets | €35,000 | €15,000 | - | - |
| Depreciation and write-downs of the year | €1,571 | €413 | €413 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €175 awarded · €130 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €93 | €48 |
| 2022 | 1 | €82 | €82 |
Comparable companies
These companies have the same main activity as DVSD: manufacture of beverages (NACE 11010). They are comparable in size and age: total assets between €47,100 and €105,000, founded between 2020 and 2022.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| DVSD Aalter | 2021 | €70,929 | €7,533 | €1,497 | -€3,372 | 2025 |
| Vieux Nouveau Antwerp Antwerpen | 2021 | €72,986 | €41,357 | €1,414 | -€5,238 | 2025 |
| Matunda Gembloux | 2020 | €54,205 | €47,164 | €1,787 | -€1,187 | 2025 |
| JAPI.W Tubize | 2021 | €47,063 | -€41,002 | -€508 | -€9,587 | 2025 |
| LES ELIXIRS DE LIEGE Verviers | 2022 | €91,326 | €25,802 | -€2,549 | -€6,212 | 2025 |
| NMTJW Oudsbergen | 2020 | €105,007 | €61,118 | €2,169 | -€641 | 2025 |
| CUSTOM DISTILLERY Erquelinnes | 2020 | €47,968 | -€10,371 | €4,708 | -€1,756 | 2025 |
They were chosen from the 139 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,571 | €413 | €413 | - | - |
| Other operating charges640/8 | €1,039 | €1,275 | €1,682 | €1,334 | ▼ 20.7% |
| Gross operating margin9900 | €2,098 | €13,739 | €11,647 | €1,497 | ▼ 87.1% |
| Operating profit (loss)9901 | -€512 | €12,051 | €9,551 | €163 | ▼ 98.3% |
| Financial charges65/66B | €616 | €1,664 | €1,958 | €1,227 | ▼ 37.3% |
| Recurring financial charges65 | €616 | €1,664 | €1,958 | €1,227 | ▼ 37.3% |
| Profit (loss) for the period before taxes9903 | -€1,128 | €10,387 | €7,593 | -€1,064 | - |
| Transfer to deferred taxes680 | - | - | €6,504 | - | - |
| Income taxes67/77 | - | €443 | - | €2,309 | - |
| Profit (loss) for the period9904 | -€1,128 | €9,944 | €1,089 | -€3,372 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,128 | €9,944 | €1,089 | -€3,372 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €51,444 | €60,952 | €85,295 | €70,929 | ▼ 16.8% |
| Fixed assets21/28 | €35,826 | €50,413 | €50,000 | €50,000 | = |
| Tangible fixed assets22/27 | €826 | €413 | €0 | - | - |
| Plant, machinery and equipment23 | €826 | €413 | €0 | - | - |
| Financial fixed assets28 | €35,000 | €50,000 | €50,000 | €50,000 | = |
| Current assets29/58 | €15,618 | €10,539 | €35,295 | €20,929 | ▼ 40.7% |
| Amounts receivable after more than one year29 | - | - | €25,000 | €7,000 | ▼ 72.0% |
| Other amounts receivable291 | - | - | €25,000 | €7,000 | ▼ 72.0% |
| Amounts receivable within one year40/41 | - | - | - | €4,666 | - |
| Other amounts receivable41 | - | - | - | €4,666 | - |
| Cash at bank and in hand54/58 | €15,618 | €10,539 | €10,295 | €9,263 | ▼ 10.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €51,444 | €60,952 | €85,295 | €70,929 | ▼ 16.8% |
| Equity10/15 | -€128 | €9,816 | €10,905 | €7,533 | ▼ 30.9% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€1,128 | €8,816 | €9,905 | €6,533 | ▼ 34.0% |
| Amounts payable17/49 | €51,572 | €51,137 | €74,390 | €63,396 | ▼ 14.8% |
| Amounts payable after more than one year17 | €37,659 | €42,665 | €53,373 | €45,280 | ▼ 15.2% |
| Financial debts170/4 | €37,659 | €42,665 | €53,373 | €45,280 | ▼ 15.2% |
| Amounts payable within one year42/48 | €13,913 | €8,471 | €21,017 | €18,116 | ▼ 13.8% |
| Trade debts44 | €2,327 | €1,239 | €6,865 | €4,783 | ▼ 30.3% |
| Suppliers440/4 | €2,327 | €1,239 | €6,865 | €4,783 | ▼ 30.3% |
| Taxes, remuneration and social security45 | €3,439 | €5,102 | €9,351 | €13,333 | ▲ 42.6% |
| Taxes450/3 | €3,439 | €5,102 | €9,351 | €13,333 | ▲ 42.6% |
| Other amounts payable47/48 | €8,147 | €2,130 | €4,801 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,128 | €9,944 | €1,089 | -€3,372 | - |
| + Depreciation and write-downs630 | €1,571 | €413 | €413 | - | - |
| Operating cash flow (approximation) | €443 | €10,357 | €1,502 | -€3,372 | - |
| Investment in fixed assets (approximation) | - | -€15,000 | €0 | €0 | - |
| Change in cash | - | -€5,079 | -€245 | -€1,032 | ▼ 322% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Timeline
Acts, filings and financial milestones
09-10
Gazette deed
Registered office moved from Aalter to Bellem1 point ▸
- Registered-office move, Ommegangstraat 22, 9881 Bellem
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44009C0306/00P002 | Flanders | 826 m² | 1 · 156 m² | 5.8 m · 1 |
| 44001B0505/00D002 | Flanders | 742 m² | 1 · 142 m² | 9.6 m · 1 |