Checked.be
Active
BE 0429.485.712Private limited companyOpen bankruptcy
DS
· 39 yrs active
Conclusion
A bankruptcy procedure is open for DS according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-102k) and a net result of €-23k.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-102k |
| Net result | €-23k |
| Active | 39 yrs |
| Locations | 2 |
Snowflake analysis
39
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
39
Growth
58
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskComponents
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Health barometer
0
/ 100
Critical
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 12-09-2022 with the NBB · fiscal year 2021 · micro
€-2k
-
18-21
€-23k
+78.4%
18-21
€-4k
+95.9%
18-21
€366k
+83.4%
18-21
€-102k
-28.4%
18-21
€-90k
+34.6%
18-21
€1k
-
18-21
€313
-
18-21
€468k
+67.8%
18-21
€348k
+38.1%
18-21
€120k
+345.3%
18-21
0.74
+63.3%
18-21
0.43
+46.4%
18-21
-27.8%
+30.0%
18-21
-4.59
-1252.8%
18-21
22.1%
-83.2%
18-21
-6.1%
+88.2%
18-21
-0.62
-
18-21
Figures by fiscal year
| Fiscal year | 2021 |
|---|---|
| Revenue | - |
| EBITDA | €-2k |
| Net profit | €-23k |
| Cash flow | €-4k |
| Staff costs | €1k |
| Income taxes | - |
| Dividends | - |
| Total assets | €366k |
| Equity | €-102k |
| Debt | €468k |
| of which ≤ 1y | €348k |
| of which > 1y | €120k |
| Working capital | €-90k |
| Employees (FTE) | - |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 0.74 |
| Quick ratio | 0.43 |
| Working capital ratio | -24.6% |
| Solvency | -27.8% |
| Debt / equity | -4.59 |
| Long-term debt ratio | -1.18 |
| Interest coverage | -0.62 |
| Gross margin | - |
| Net margin | - |
| ROA | -6.1% |
| ROE | 22.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €366k |
| Fixed assets | 21/28 | €108k |
| Tangible fixed assets | 22/27 | €95k |
| Financial fixed assets | 28 | €13k |
| Current assets | 29/58 | €258k |
| Stocks & contracts in progress | 3 | €107k |
| Amounts receivable within one year | 40/41 | €135k |
| Cash & bank | 54/58 | €15k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €366k |
| Equity | 10/15 | €-102k |
| Contributions / capital | 10/11 | €25k |
| Accumulated profits (losses) | 14 | €-127k |
| Amounts payable | 17/49 | €468k |
| Amounts payable after one year | 17 | €120k |
| Amounts payable within one year | 42/48 | €348k |
| Trade debts payable within one year | 44 | €11k |
| Income statement | ||
| Gross operating margin | 9900 | €6k |
| Operating result | 9901 | €-20k |
| Financial income | 75 | €547 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €-23k |
| Net result for the period | 9904 | €-23k |
| Result to be appropriated | 9905 | €-23k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | GERT RYDANT BRUSSELSESTEENWEG 691, 9050 GENT-
BRUGGE |
16-12-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 06-09-1986 |
| Status | Active |
| Postal code | - |
| First BS signal | 22-12-2025 |
| Latest BS signal | 22-12-2025 |
Company structure, linked entities
Mandates
↔
1
of these mandate-holders are active on other cases, click any red card to open that KBO.
Establishment units
Defielé
since 19862.036.464.916
D&S Elektro
since 20202.306.637.729
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013B0299/00S010 | Flanders | 1,828 m² | 1 · 708 m² | 12.3 m · 1 fl. |
| 44008B0136/00E002 | Flanders | 439 m² | 1 · 212 m² | 11.1 m · 1 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
22-12-2025
Bankruptcy
Opening
2023
13-10-2023
State Gazette act
Registered-office change
2022
12-09-2022
NBB filing
Annual accounts filed
2021
28-10-2021
NBB filing
Annual accounts filed
2020
31-08-2020
NBB filing
Annual accounts filed
2019
30-10-2019
NBB filing
Annual accounts filed
2018
27-09-2018
NBB filing
Annual accounts filed
2017
30-06-2017
NBB filing
Annual accounts filed
2016
20-07-2016
NBB filing
Annual accounts filed
2015
10-08-2015
NBB filing
Annual accounts filed
2014
28-11-2014
NBB filing
Annual accounts filed
2013
27-09-2013
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
22-12-2025
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts
Address history · 1
13-10-2023
Registered-office move
All acts · 1
updated 2 years ago
2023
13-10-2023 Registered office moved
Notary:
Stefanie Mikolajczak · Destelbergen
Technical details
{
"events": [],
"notary": {
"name": "Stefanie Mikolajczak",
"firm_city": null,
"firm_name": null,
"office_city": "Destelbergen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-10-13",
"filing_date": "2023-10-11",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-09-29",
"unanimous": null
},
"subject_company": {
"kbo": "0429.485.712",
"name_full": "STEDHOWORKS",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"expeditie procesverbaal",
"co\u00F6rdinatie der statuten"
]
}Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE)
Names & trade names
| Legal nameNL | DS |
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.