Checked.be
Active
BE 0460.184.925Private limited company
D.S. CONSULTING
Zeedijk 217 ·8430 Middelkerke, Belgium· 29 yrs active
Sector: Full-service restaurants
(56111)
Conclusion
D.S. CONSULTING has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €533k and a net result of €111k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 12499 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €533k |
| Net result | €111k |
| Staff (FTE) | 5.3 |
| Better than sector | 79% |
Financial profile
90
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
98
Profitability
100
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1997, 29 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
98
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€50k
estimate, not credit advice
Score history
93
2021
93
2022
93
2023
100
2024
98
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.38 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.34 (≥ 1.0)
+5
Leverage
Debt/equity 0.55 (< 1.0)
+10
Profitability
ROE 21% (≥ 10%)
+10
Interest coverage
Interest coverage 25.5× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~8.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 56, Food and beverage service activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 64.7% | 30.5% | |
| Net result | €111k | €5k | |
| Equity | €533k | €30k | |
| Gross operating margin | €448k | €62k | |
| Staff costs | €255k | €56k |
€187k
+41.6%
21-25
€111k
+51.3%
21-25
€138k
+41.1%
21-25
€824k
+14.7%
21-25
€533k
-13.6%
21-25
€403k
-14.8%
21-25
5
+3.9%
21-25
€255k
+10.5%
21-25
€48k
+64.8%
21-25
€195k
+550.0%
21-25
€291k
+186.4%
21-25
€291k
+189.6%
21-25
€0
-100.0%
21-25
2.38
-58.2%
21-25
2.34
-58.3%
21-25
64.7%
-24.7%
21-25
0.55
+231.5%
21-25
20.9%
+75.2%
21-25
13.5%
+31.9%
21-25
25.46
+32.1%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | abbreviated schema | micro schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €187k | €132k | €137k | €127k | €226k |
| Net profit | €111k | €73k | €72k | €74k | €150k |
| Cash flow | €138k | €98k | €104k | €100k | €166k |
| Staff costs | €255k | €231k | €234k | €177k | €79k |
| Income taxes | €48k | €29k | €29k | €23k | €58k |
| Dividends | €195k | €30k | €20k | €24k | - |
| Total assets | €824k | €718k | €719k | €657k | €602k |
| Equity | €533k | €617k | €573k | €521k | €471k |
| Debt | €291k | €102k | €146k | €136k | €131k |
| of which ≤ 1y | €291k | €101k | €145k | €127k | €121k |
| of which > 1y | - | €0 | €307 | €4k | €8k |
| Working capital | €403k | €473k | €406k | €351k | €365k |
| Employees (FTE) | 5.3 | 5.1 | 5.6 | 4.5 | 3.3 |
Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.38 | 5.71 | 3.79 | 3.77 | 4.01 |
| Quick ratio | 2.34 | 5.61 | 3.72 | 3.69 | 3.98 |
| Working capital ratio | 48.9% | 65.8% | 56.5% | 53.4% | 60.6% |
| Solvency | 64.7% | 85.8% | 79.7% | 79.3% | 78.2% |
| Debt / equity | 0.55 | 0.16 | 0.25 | 0.26 | 0.28 |
| Long-term debt ratio | - | 0.00 | 0.00 | 0.01 | 0.02 |
| Interest coverage | 25.46 | 19.27 | 31.01 | 30.04 | 216.37 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 13.5% | 10.2% | 10.0% | 11.2% | 24.9% |
| ROE | 20.9% | 11.9% | 12.6% | 14.2% | 31.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €824k | €718k | €719k | €657k | €602k |
| Fixed assets | 21/28 | €130k | €145k | €168k | €180k | €116k |
| Tangible fixed assets | 22/27 | €130k | €145k | €167k | €180k | €116k |
| Financial fixed assets | 28 | €224 | €224 | €224 | €224 | €224 |
| Current assets | 29/58 | €694k | €573k | €551k | €477k | €486k |
| Stocks & contracts in progress | 3 | €13k | €10k | €11k | €10k | €5k |
| Amounts receivable within one year | 40/41 | €34k | €20k | €26k | €22k | €7k |
| Investments | 50/53 | €313k | €201k | €150k | €170k | €170k |
| Cash & bank | 54/58 | €330k | €332k | €350k | €274k | €273k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €824k | €718k | €719k | €657k | €602k |
| Equity | 10/15 | €533k | €617k | €573k | €521k | €471k |
| Contributions / capital | 10/11 | €31k | €31k | €31k | €31k | €31k |
| Reserves | 13 | €502k | €586k | €542k | €490k | €440k |
| Accumulated profits (losses) | 14 | €0 | €0 | - | - | - |
| Amounts payable | 17/49 | €291k | €102k | €146k | €136k | €131k |
| Amounts payable after one year | 17 | - | €0 | €307 | €4k | €8k |
| Amounts payable within one year | 42/48 | €291k | €101k | €145k | €127k | €121k |
| Trade debts payable within one year | 44 | €35k | €20k | €41k | €24k | €62k |
| Income statement | ||||||
| Gross operating margin | 9900 | €448k | €370k | €376k | €309k | €308k |
| Operating result | 9901 | €160k | €107k | €105k | €100k | €210k |
| Financial income | 75 | €7k | €2k | €1k | €1k | - |
| Financial charges | 65 | €7k | €7k | €4k | €4k | €1k |
| Result before taxes | 9903 | €159k | €103k | €102k | €97k | €209k |
| Income taxes | 67/77 | €48k | €29k | €29k | €23k | €58k |
| Net result for the period | 9904 | €111k | €73k | €72k | €74k | €150k |
| Result to be appropriated | 9905 | €111k | €73k | €72k | €74k | €150k |
Legal Structure
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 11-03-1997 |
| Status | Active |
| Postal code | 8430 |
Establishment units
COLUMBUS
since 19972.081.550.813
Bistro 't Ei
since 20222.328.602.883
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35322C0283/00G036 | Flanders | 391 m² | 1 · 372 m² | 34.5 m · 10 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €72k ▼2.4%
Net result drops to €72k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €521k ▲10.6%
2 profitable years in a row build equity to €521k.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
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.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
55301Full-service restaurants56101Full-service restaurants56111
Names & trade names
| Legal nameNL | D.S. CONSULTING |
Similar companies
DE PIETER
BE 0684.883.148 · Izegem
WANNES RAPS
BE 0830.449.266 · Diest
Café de Paris Knokke
BE 0652.791.984 · Knokke-Heist
BOUILLON BRUXELLES
BE 0789.443.903 · Brussel
YPHANTO
BE 0433.969.684 · Namur