De Schutter Keukens
ActiveDe Schutter Keukens has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €155k and a net result of €-154k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 9% of 7426 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
2
/ 100
Critical▼ -34 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-29
Solvency10▼-8
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 0.86 in 2023), and 93.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
6.8%
Return on assets
-6.7%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7426 sector peers (2024).
NBB · sector comparisonPosition among 7426 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d late
2023
27 d late
2022
113 d late
2021
5 d late
2020
8 d early
2019
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€155k▼ 49.9%
2023 · €308k
2018: €122k
2019: €238k
2020: €253k
2021: €264k
2022: €291k
2023: €308k
2018 → 2024
Total assets
€2.28M▲ 8.1%
2023 · €2.11M
2018: €1.79M
2019: €2.01M
2020: €2.03M
2021: €2.01M
2022: €2.03M
2023: €2.11M
2018 → 2024
Net result
€-154k
2023 · €18k
2018: €10k
2019: €116k
2020: €15k
2021: €12k
2022: €27k
2023: €18k
2018 → 2024
Working capital
€-337k▼ 174%
2023 · €-123k
2018: €-226k
2019: €-162k
2020: €-101k
2021: €-152k
2022: €-115k
2023: €-123k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€253k-€264k▲ 4.6%€291k▲ 10.1%€308k▲ 6.1%€155k▼ 49.9%
Operating result€35k-€60k▲ 72.3%€67k▲ 13.1%€51k▼ 24.0%€-89k
Net result€15k-€12k▼ 21.9%€27k▲ 131%€18k▼ 33.7%€-154k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €89k after €51k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.28M
Fixed assets
€1.40M▲ 2.4%
Current assets
€882k▲ 18.6%
Equity and liabilities €2.28M
Equity
€155k▼ 49.9%
Provisions
€50k=
Debt
€2.08M▲ 18.5%
The debt ratio rises from 83.0% to 91.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€90k▼
2023 · €224k
Cash flow
€24k▼
2023 · €191k
Solvency
6.8%▼
2023 · 14.6%
Current ratio
0.72▼
2023 · 0.86
Quick ratio
0.41▼
2023 · 0.42
Debt / equity
13.45▲
2023 · 5.69
ROE
-99.4%▼
2023 · 5.7%
ROA
-6.7%▼
2023 · 0.8%
Interest coverage
1.35▼
2023 · 6.79
Debt
€2.08M▲
2023 · €1.75M
Debt ≤ 1 year
€1.22M▲
2023 · €867k
Debt > 1 year
€857k▼
2023 · €880k
Income taxes
€-492▼
2023 · €4k
Staff costs
€1.17M▼
2023 · €1.17M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.11M€2.28M▲
Fixed assets21/28€1.37M€1.40M▲
Tangible fixed assets22/27€1.35M€1.39M▲
Land and buildings22€969k€917k▼
Plant, machinery and equipment23€77k€60k▼
Furniture and vehicles24€16k€13k▼
Leasing and similar rights25€291k€396k▲
Financial fixed assets28€16k€16k=
Current assets29/58€744k€882k▲
Stocks and contracts in progress3€378k€379k▲
Stocks30/36€247k€285k▲
Contracts in progress37€131k€93k▼
Amounts receivable within one year40/41€345k€486k▲
Trade receivables40€324k€475k▲
Other amounts receivable41€21k€11k▼
Cash at bank and in hand54/58€20k€18k▼
Equity and liabilities
Total equity and liabilities10/49€2.11M€2.28M▲
Equity10/15€308k€155k▼
Contributions10/11€19k€19k=
Reserves13€234k€234k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€231k€231k=
Profit (loss) carried forward14€56k€-98k▼
Provisions and deferred taxes16€50k€50k=
Provisions for liabilities and charges160/5€50k€50k=
Pensions and similar obligations160€50k€50k=
Amounts payable17/49€1.75M€2.08M▲
Amounts payable after more than one year17€880k€857k▼
Financial debts170/4€880k€857k▼
Amounts payable within one year42/48€867k€1.22M▲
Current portion of amounts payable after more than one year42€173k€188k▲
Financial debts43€246k€400k▲
Credit institutions430/8€246k€400k▲
Trade debts44€233k€402k▲
Suppliers440/4€233k€402k▲
Taxes, remuneration and social security45€72k€74k▲
Taxes450/3€4k€8k▲
Remuneration and social security454/9€67k€66k▼
Other amounts payable47/48€143k€156k▲
Accrued charges and deferred income492/3€8k€3k▼
Income statement
Code20232024
Remuneration, social security and pensions62€1.17M€1.17M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€173k€178k▲
Other operating charges640/8€16k€17k▲
Gross operating margin9900€1.41M€1.27M▼
Operating profit (loss)9901€51k€-89k▼
Financial income75/76B€4k€958▼
Recurring financial income75€4k€0▼
Non-recurring financial income76B-€957
Financial charges65/66B€33k€67k▲
Recurring financial charges65€33k€67k▲
Profit (loss) for the period before taxes9903€22k€-154k▼
Income taxes67/77€4k€-492▼
Profit (loss) for the period9904€18k€-154k▼
Profit (loss) for the period to be appropriated9905€18k€-154k▼
Appropriation of the result
Profit (loss) to be appropriated9906€56k€-98k▼
Profit (loss) brought forward from the previous period14P€38k€56k▲
Social balance
Average headcount (FTE)908717.017.7▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
27-08
State Gazette act
Capital & shares · Statutes amendment · RestructuringGeneral meeting · Name change · Demerger8 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Restructuring
General meeting · Name change · Demerger8 facts ▸
- General meeting, 2026-07-08
- Name change, DS-S INVEST
- Demerger, partielle splitsing door oprichting, 630938.03
- Share issue, 750, vergoding voor overdracht vermogen
- Accounting effect, 2026-01-01
- Capital decrease, €630.938,03
- Split balance sheet, 2025-12-31
- Split proposal, 2026-05-19
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 13 days late
2024
31-12
Financial
Weakest financial yearnet €-154k ▼971%
Net result drops to €-154k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 113 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €116k ▲1054%
Operating result €192k, net result €116k, both a record.
31-12
Financial
Equity above €200kEq €238k ▲95%
2 profitable years in a row build equity to €238k.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zandhoven · 1 establishment unit since 1988
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.
Melkerijweg 62240 ZandhovenGround area
1,437 m²
Building footprint
1,219 m²
Volume, LiDAR
7,648 m³
Parcel 11054C0003/00C012, Flanders · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE SCHUTTER KEUKENS
since 19882.035.363.470
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11054C0003/00C012 | Flanders | 1,436 m² | 1 · 1,219 m² | 15.0 m · 2 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.
Structure & network
Acquisitions and mergers
2 transactionsContributed a business line to:De Schutter Keukens
Contributed a business line to:DE SCHUTTER KEUKENS
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 3,283 EUR awarded · 3,121 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,632 EUR | 1,470 EUR |
| 2023 | 1 | 95 EUR | 185 EUR |
| 2022 | 1 | 1,556 EUR | 1,466 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 live approvalBinnenschrijnwerk en interieur duaal (so)
Similar companies · same sector, comparable size
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BE 0474.302.779
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Meeus Interieur
BE 0632.729.812
Zonhoven · Eq €154k
MENUISERIE MICHEL
BE 0473.359.802
Visé · Eq €154k
KOVA SINT-TRUIDEN
BE 0433.595.047
Sint-Truiden · Eq €155k
Of 19,947 companies in sector 43320 we hold annual accounts for 9,084. 7,569 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-02-1988
Fiscal year end31-12
Legal name NL
DS-S INVEST
Activities, NACEBEL
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.deschutterkeukens.be
E-mail:info@deschutterkeukens.be