dhSN

Active

Private limited companyfounded 20224 yrs activeBorreshoefstraat 67, 3650 Dilsen-Stokkem, BelgiumKBO/BCE: BE 0781.946.296

dhSN has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €40k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 9438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2025

61 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency29▼-69

Growth58▼-20

Track record94

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

4.2%

Return on assets

55.9%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 9438 sector peers (2025).

NBB · sector comparison

Position among 9438 sector peers

Solvency

better than 11%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-03-2026, 140 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

140 d early

2024

49 d early

2023

48 d early

2022

48 d early

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€3k▼ 95.0%

2024 · €60k

2022: €7k 2023: €28k 2024: €60k

2022 → 2025

Total assets

€71k▼ 13.4%

2024 · €82k

2022: €16k 2023: €41k 2024: €82k

2022 → 2025

Net result

€40k▲ 22.0%

2024 · €33k

2022: €4k 2023: €21k 2024: €33k

2022 → 2025

Working capital

€-4k

2024 · €56k

2022: €2k 2023: €22k 2024: €56k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€7k-€28k▲ 319%€60k▲ 118%€3k▼ 95.0%

Operating result€6k-€28k▲ 388%€42k▲ 50.5%€50k▲ 19.5%

Net result€4k-€21k▲ 484%€33k▲ 54.8%€40k▲ 22.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2025 is 19% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €71k

10%

90.4%

Fixed assets €7k▲ 35.1%

Current assets €64k▼ 16.6%

Equity and liabilities €71k

95.8%

Equity €3k▼ 95.0%

Debt €68k▲ 211%

The debt ratio rises from 26.7% to 95.8%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€54k▲

2024 · €45k

Cash flow

€43k▲

2024 · €35k

Solvency

4.2%▼

2024 · 73.3%

Current ratio

0.94▼

2024 · 3.68

Quick ratio

0.91▼

2024 · 3.54

Debt / equity

22.70▲

2024 · 0.36

ROA

55.9%▲

2024 · 39.7%

Interest coverage

124.92▲

2024 · 66.83

Debt

€68k▲

2024 · €22k

Debt ≤ 1 year

€68k▲

2024 · €21k

Income taxes

€11k▲

2024 · €9k

A ratio outside any meaningful range has been withheld (balance sheet total €71k, equity €3k).

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€82k€71k▼

Fixed assets21/28€5k€7k▲

Tangible fixed assets22/27€5k€7k▲

Land and buildings22€347€305▼

Plant, machinery and equipment23€4k€5k▲

Other tangible fixed assets26€848€976▲

Financial fixed assets28€150€150=

Current assets29/58€77k€64k▼

Stocks and contracts in progress3€3k€2k▼

Stocks30/36€3k€2k▼

Amounts receivable within one year40/41€66k€46k▼

Trade receivables40€26k€26k▼

Other amounts receivable41€39k€20k▼

Cash at bank and in hand54/58€8k€13k▲

Deferred charges and accrued income490/1€55€3k▲

Equity and liabilities

Total equity and liabilities10/49€82k€71k▼

Equity10/15€60k€3k▼

Contributions10/11€3k€3k=

Reserves13€57k-

Distributable reserves133€57k-

Amounts payable17/49€22k€68k▲

Amounts payable within one year42/48€21k€68k▲

Trade debts44€1k€5k▲

Suppliers440/4€1k€5k▲

Taxes, remuneration and social security45€20k€15k▼

Taxes450/3€20k€15k▼

Other amounts payable47/48-€48k

Accrued charges and deferred income492/3€968-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲

Other operating charges640/8€228€234▲

Gross operating margin9900€45k€54k▲

Operating profit (loss)9901€42k€50k▲

Financial income75/76B€531€741▲

Recurring financial income75€531€741▲

Financial charges65/66B€668€430▼

Recurring financial charges65€668€430▼

Profit (loss) for the period before taxes9903€42k€51k▲

Income taxes67/77€9k€11k▲

Profit (loss) for the period9904€33k€40k▲

Profit (loss) for the period to be appropriated9905€33k€40k▲

Appropriation of the result

Profit (loss) to be appropriated9906€33k€40k▲

Transfer from equity791/2-€57k

Transfer to equity691/2€33k-

To other reserves6921€33k-

Profit to be distributed694/7-€97k

Return on contributions (dividend)694-€97k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

13-03

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2022net €40k ▲22%

Operating result €50k, net result €40k, both a record.

12-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

13-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity doublescurrent ratio 2.84

Current ratio from 1.22 to 2.84.

13-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Dilsen-Stokkem · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Borreshoefstraat 673650 Dilsen-Stokkem

Ground area

1,413 m²

Building footprint

139 m²

Volume, LiDAR

355 m³

Parcel 72005B1655/00G000, Flanders · tallest building 8.7 m. Linked by address, not a title deed.

1 establishment unit

dhSN

Borreshoefstraat 67, 3650 Dilsen-StokkemInstallation of industrial machinery and equipment

since 20222.327.906.364

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
72005B1655/00G000	Flanders	1,413 m²	1 · 139 m²	8.7 m

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.

Similar companies · same sector, comparable size

REAL ESTATE DEVELOPMENT EXPERTISE AND INVESTMENT

Of 11,555 companies in sector 71121 we hold annual accounts for 6,562. 1,328 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-02-2022

Fiscal year end31-12

Activities, NACEBEL

71121Engineering and related technical consultancy, excluding land surveyors

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.