D.S.W.
ActiveD.S.W. has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €-3k. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 9388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
63
/ 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
Profitability33▲+2
Solvency55▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 4.84 against 4.9 in 2024; short-term debt: 15.9% and cash: 8.9% of total assets), but 70.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.9%
Return on assets
-1.7%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-3k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
on the day
2021
4 d late
2020
90 d late
2019
34 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€51k▼ 5.4%
2024 · €54k
2019: €256k
2020: €67k
2021: €67k
2022: €63k
2023: €59k
2024: €54k
2019 → 2025
Total assets
€171k▼ 1.8%
2024 · €174k
2019: €367k
2020: €183k
2021: €186k
2022: €182k
2023: €179k
2024: €174k
2019 → 2025
Net result
€-3k▲ 38.5%
2024 · €-5k
2019: €92
2020: €3
2021: €7
2022: €-4k
2023: €-4k
2024: €-5k
2019 → 2025
Working capital
€105k▼ 2.7%
2024 · €108k
2019: €308k
2020: €122k
2021: €120k
2022: €116k
2023: €112k
2024: €108k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€63k▼ 6.6%€59k▼ 6.1%€54k▼ 8.1%€51k▼ 5.4%
Operating result€96-€-4k€-3k▲ 19.8%€-5k▼ 38.9%€-3k▲ 39.5%
Net result€7-€-4k€-4k▲ 14.5%€-5k▼ 25.0%€-3k▲ 38.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171k
Fixed assets
€39k=
Current assets
€132k▼ 2.4%
Equity and liabilities €171k
Equity
€51k▼ 5.4%
Provisions
€90k=
Debt
€30k▼ 0.9%
The debt ratio rises from 17.4% to 17.6%. Equity and debt are lower.
Key figures and ratios
Solvency
29.9%▼
2024 · 31.0%
Current ratio
4.84▼
2024 · 4.90
Quick ratio
4.84▼
2024 · 4.90
Debt / equity
0.59▲
2024 · 0.56
ROE
-5.7%▲
2024 · -8.8%
ROA
-1.7%▲
2024 · -2.7%
Debt
€30k▼
2024 · €30k
Debt ≤ 1 year
€27k▼
2024 · €28k
Income taxes
€0
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€174k€171k▼
Fixed assets21/28€39k€39k=
Tangible fixed assets22/27€39k€39k=
Land and buildings22€39k€39k=
Current assets29/58€135k€132k▼
Amounts receivable within one year40/41€116k€117k▲
Trade receivables40€102k€102k=
Other amounts receivable41€15k€15k▲
Current investments50/53€392€392=
Cash at bank and in hand54/58€19k€15k▼
Equity and liabilities
Total equity and liabilities10/49€174k€171k▼
Equity10/15€54k€51k▼
Contributions10/11€19k€19k=
Reserves13€35k€33k▼
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Tax-exempt reserves132€7k€7k=
Distributable reserves133€25k€22k▼
Provisions and deferred taxes16€90k€90k=
Provisions for liabilities and charges160/5€90k€90k=
Other liabilities and charges164/5€90k€90k=
Amounts payable17/49€30k€30k▼
Amounts payable within one year42/48€28k€27k▼
Trade debts44€15k€15k▼
Suppliers440/4€15k€15k▼
Other amounts payable47/48€13k€13k=
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Other operating charges640/8€499€513▲
Gross operating margin9900€-4k€-2k▲
Operating profit (loss)9901€-5k€-3k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€104€108▲
Recurring financial charges65€104€108▲
Profit (loss) for the period before taxes9903€-5k€-3k▲
Income taxes67/77-€0
Profit (loss) for the period9904€-5k€-3k▲
Profit (loss) for the period to be appropriated9905€-5k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-3k▲
Transfer from equity791/2€5k€3k▼
The notes to these accounts (2 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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-09
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
3 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, Koksijde · 1 establishment unit since 1997
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.
Zandzeggelaan(Odk) 158670 KoksijdeGround area
706 m²
Building footprint
200 m²
Volume, LiDAR
2,107 m³
Parcel 38502F0092/00A000, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Zandzeggelaan(Odk) 15, 8670 Koksijde
since 19972.082.632.659
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502F0092/00A000 | Flanders | 706 m² | 1 · 200 m² | 13.7 m · 4 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.
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GRAPHITE CONCEPT
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ARCHITECTENBURO ACKE - VAN WYNSBERGHE
BE 0440.679.413
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Of 18,249 companies in sector 71111 we hold annual accounts for 6,319. 5,347 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-06-1997
Fiscal year end31-03
Activities, NACEBEL
71111Activities of building architects
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 28 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.