DVSL
ActiveSummary
DVSL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190k and a net result of €95k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+8
Solvency44▼-2
Growth67=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.95 against 1.12 in 2024; short-term debt: 58.2% and cash: 4.9% of total assets), and 80.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer 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
19.2%
Return on assets
9.6%
Age of the figures
9 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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €190k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
5 d early
2023
64 d early
2022
on the day
2021
25 d late
2020
24 d late
2019
4 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
Turnover
€287k▲ 3.6%
2018 · €277k
EBIT margin
8.1%▼ 3.5pp
2018 · 11.6%
Net result
€95k▲ 372%
2024 · €20k
Working capital
€-28k
2024 · €23k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€36k€19k▼ 47.6%€84k▲ 343%€34k▼ 59.1%€136k▲ 293%
Net result€28k€3k▼ 90.0%€72k▲ 2,508%€20k▼ 72.1%€95k▲ 372%
EBIT margin
Equity€31k▲ 901%€34k▲ 9.0%€106k▲ 215%€126k▲ 19.0%€190k▲ 50.9%
Total assets€474k▲ 24.0%€508k▲ 7.2%€520k▲ 2.3%€602k▲ 15.9%€991k▲ 64.5%
Debt€443k▲ 16.9%€475k▲ 7.1%€414k▼ 12.7%€477k▲ 15.1%€801k▲ 68.1%
Working capital€2k€6k▲ 161%€-17k€23k€-28k
Staff (FTE)0.41▲ 150%2.8▲ 180%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 293% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €991k
Fixed assets
€442k ▲ 14.3%
Current assets
€549k ▲ 155%
Equity and liabilities €991k
Equity
€190k ▲ 50.9%
Debt
€801k ▲ 68.1%
Debt's share of the balance-sheet total rises from 79.1% to 80.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€227k▲
2024 · €93k
Cash flow
€186k▲
2024 · €79k
Current ratio
0.95▼
2024 · 1.12
Debt to equity
4.22▲
2024 · 3.79
ROE
50.0%▲
2024 · 16.0%
ROA
9.6%▲
2024 · 3.3%
Interest coverage
19.09▲
2024 · 8.87
Debt ≤ 1 year
€576k▲
2024 · €193k
Debt > 1 year
€211k▼
2024 · €270k
Income taxes
€29k▲
2024 · €4k
Staff costs
€76k▲
2024 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €4k | €34k | €76k | ▲ 121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61k | €34k | €42k | €59k | €91k | ▲ 55.4% |
| Other operating charges640/8 | €5k | €5k | €6k | €5k | €5k | ▼ 2.1% |
| Gross operating margin9900 | €102k | €58k | €136k | €132k | €308k | ▲ 132% |
| Operating profit (loss)9901 | €36k | €19k | €84k | €34k | €136k | ▲ 293% |
| Financial income75/76B | €5 | €41 | €118 | - | €264 | - |
| Recurring financial income75 | €5 | €41 | €118 | - | €264 | - |
| Financial charges65/66B | €9k | €16k | €10k | €11k | €12k | ▲ 13.1% |
| Recurring financial charges65 | €9k | €16k | €10k | €11k | €12k | ▲ 13.1% |
| Profit (loss) for the period before taxes9903 | €28k | €3k | €75k | €24k | €124k | ▲ 417% |
| Income taxes67/77 | - | - | €3k | €4k | €29k | ▲ 653% |
| Profit (loss) for the period9904 | €28k | €3k | €72k | €20k | €95k | ▲ 372% |
| Profit (loss) for the period to be appropriated9905 | €28k | €3k | €72k | €20k | €95k | ▲ 372% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €474k | €508k | €520k | €602k | €991k | ▲ 64.5% |
| Fixed assets21/28 | €283k | €291k | €339k | €387k | €442k | ▲ 14.3% |
| Intangible fixed assets21 | - | - | - | - | €3k | - |
| Tangible fixed assets22/27 | €283k | €291k | €339k | €387k | €439k | ▲ 13.6% |
| Land and buildings22 | €245k | €235k | €226k | €216k | €207k | ▼ 4.4% |
| Plant, machinery and equipment23 | €15k | €39k | €100k | €155k | €177k | ▲ 14.0% |
| Furniture and vehicles24 | €23k | €16k | €13k | €16k | €56k | ▲ 256% |
| Current assets29/58 | €191k | €217k | €181k | €215k | €549k | ▲ 155% |
| Amounts receivable within one year40/41 | €184k | €174k | €150k | €210k | €500k | ▲ 138% |
| Trade receivables40 | €181k | €171k | €147k | €208k | €498k | ▲ 139% |
| Other amounts receivable41 | €2k | €3k | €3k | €2k | €3k | ▲ 15.2% |
| Cash at bank and in hand54/58 | €8k | €25k | €31k | €5k | €48k | ▲ 810% |
| Deferred charges and accrued income490/1 | - | €19k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €474k | €508k | €520k | €602k | €991k | ▲ 64.5% |
| Equity10/15 | €31k | €34k | €106k | €126k | €190k | ▲ 50.9% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €45k | €45k | €45k | €65k | €129k | ▲ 98.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €43k | €43k | €43k | €64k | €128k | ▲ 101% |
| Profit (loss) carried forward14 | €-27k | €-24k | €48k | €48k | €48k | = |
| Amounts payable17/49 | €443k | €475k | €414k | €477k | €801k | ▲ 68.1% |
| Amounts payable after more than one year17 | €254k | €260k | €207k | €270k | €211k | ▼ 21.9% |
| Financial debts170/4 | €254k | €260k | €207k | €270k | €211k | ▼ 21.9% |
| Amounts payable within one year42/48 | €189k | €212k | €198k | €193k | €576k | ▲ 199% |
| Current portion of amounts payable after more than one year42 | €61k | €65k | €57k | €77k | €62k | ▼ 19.5% |
| Financial debts43 | €24k | €25k | €25k | €25k | €25k | = |
| Credit institutions430/8 | €24k | €25k | €25k | €25k | €25k | = |
| Trade debts44 | €72k | €99k | €80k | €63k | €347k | ▲ 455% |
| Suppliers440/4 | €72k | €99k | €80k | €63k | €347k | ▲ 455% |
| Taxes, remuneration and social security45 | €23k | €16k | €28k | €20k | €96k | ▲ 382% |
| Taxes450/3 | €22k | €11k | €26k | €19k | €75k | ▲ 286% |
| Remuneration and social security454/9 | €1k | €5k | €2k | €608 | €21k | ▲ 3,412% |
| Other amounts payable47/48 | €8k | €6k | €9k | €8k | €47k | ▲ 448% |
| Accrued charges and deferred income492/3 | - | €3k | €9k | €14k | €14k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €3k | €72k | €20k | €95k | ▲ 372% |
| + Depreciation and write-downs630 | €61k | €34k | €42k | €59k | €91k | ▲ 55.4% |
| Operating cash flow (approximation) | €89k | €37k | €114k | €79k | €186k | ▲ 136% |
| Investment in fixed assets (approximation) | - | €-42k | €-90k | €-107k | €-147k | ▼ 36.9% |
| Change in cash | - | €18k | €6k | €-26k | €43k | ▲ 267% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €95k ▲372%
Operating result €136k, net result €95k, both a record.
31-12
Financial
Equity above €150kEq €190k ▲50.9%
5 profitable years in a row build equity to €190k.
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €106k ▲215%
3 profitable years in a row build equity to €106k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
Show earlier events
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-03
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, Oostkamp · 1 establishment unit since 2012
Ground area
1,590 m²
Building footprint
918 m²
Volume, LiDAR
5,474 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DVSL
since 20122.209.014.256
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022I0019/00V000 | Flanders | 1,367 m² | 1 · 799 m² | 7.9 m · 2 fl. |
| 31034C0160/00G002 | Flanders | 223 m² | 1 · 119 m² | 8.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
7 endedAssistent podiumtechnicus (so)
Assistent podiumtechnicus (vwo)
Podiuminstallaties duaal (so)
Podiumtechnicus (so)
Podiumtechnicus (vwo)
Podiumtechnicus duaal (so)
Podiumtechnieken duaal (so)
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Of 3,527 companies in sector 90391 we hold annual accounts for 681. 487 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
Founded12-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
90391Promotion and organisation of arts and performing arts events
Scores and ratios are computed by Checked and are not a credit decision.