Active BE 0662.736.365Private limited company

DS COMPANY

IJskelderstraat 66 ·2660 Antwerpen, Belgium· 9 yrs active

Sector: Freight transport by road (49410)

Conclusion Checked

DS COMPANY has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €8k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 73% of 4219 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€57k
Net result	€8k
Better than sector	73%
Active	9 yrs

Financial profile 5 of 5 axes measured · computed by Checked

85 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 73

Solvency 99

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.3% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2016, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

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 FY 2025 · computed

100 / 100 Excellent

050100

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

€6k

estimate, not credit advice

Score history

85 2021

86 2022

94 2023

89 2024

100 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.48 (≥ 1.5) +10

Quick ratio Quick ratio 2.48 (≥ 1.0) +5

Leverage Debt/equity 0.57 (< 1.0) +10

Profitability ROE 15% (≥ 10%) +10

Interest coverage Interest coverage 12.1× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 01-12-2025 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~8.1%/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 49, Land transport and transport via pipelines · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	63.7%	39.2%	better than 73% of 4219 sector peers
Net result	€8k	€6k	better than 55% of 4200 sector peers
Equity	€57k	€38k	better than 60% of 4226 sector peers
Gross operating margin	€37k	€41k	better than 47% of 4198 sector peers
Total assets	€89k	€114k	better than 43% of 4221 sector peers

EBITDA

€26k

+9.2% 21-25

Net profit

€8k

+47.5% 21-25

Cash flow

€22k

+10.5% 21-25

Total assets

€89k

-13.1% 21-25

Equity

€57k

+17.1% 21-25

Working capital

€21k

+231.8% 21-25

Income taxes

€2k

+10.7% 21-25

Debt

€32k

-40.1% 21-25

Debt ≤ 1y

€14k

-36.0% 21-25

Debt > 1y

€18k

-43.1% 21-25

Current ratio

2.48

+93.1% 21-25

Quick ratio

2.48

+93.1% 21-25

Solvency

63.7%

+34.7% 21-25

Debt / equity

0.57

-48.9% 21-25

ROE

14.6%

+26.0% 21-25

ROA

9.3%

+69.7% 21-25

Interest coverage

12.14

+13.1% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	abbreviated schema
Revenue	-	-	-	-	-
EBITDA	€26k	€24k	€3k	€16k	€15k
Net profit	€8k	€6k	€1k	€110	€21k
Cash flow	€22k	€20k	€1k	€12k	€37k
Staff costs	-	-	-	-	-
Income taxes	€2k	€1k	€1k	€2k	-
Dividends	-	-	-	-	-
Total assets	€89k	€103k	€47k	€50k	€63k
Equity	€57k	€49k	€43k	€42k	€42k
Debt	€32k	€54k	€4k	€8k	€21k
of which ≤ 1y	€14k	€23k	€4k	€8k	€17k
of which > 1y	€18k	€32k	-	-	€5k
Working capital	€21k	€6k	€26k	€25k	€14k
Employees (FTE)	-	-	-	-	-

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	2.48	1.29	7.29	3.94	1.84
Quick ratio	2.48	1.29	7.29	3.94	1.84
Working capital ratio	23.9%	6.3%	55.6%	49.6%	22.2%
Solvency	63.7%	47.3%	91.2%	83.1%	65.9%
Debt / equity	0.57	1.11	0.10	0.20	0.12
Long-term debt ratio	0.32	0.65	-	-	0.12
Interest coverage	12.14	10.73	23.25	10.57	-
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	9.3%	5.5%	2.8%	0.2%	33.5%
ROE	14.6%	11.6%	3.1%	0.3%	50.8%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €54k · 60.0% Current assets €36k · 40.0%

Equity & liabilities

Equity €57k · 63.7% Debt €32k · 36.3%

Full annual accounts (24 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	€89k	€103k	€47k	€50k	€63k
Fixed assets	21/28	€54k	€74k	€17k	€17k	€32k
Tangible fixed assets	22/27	€39k	€57k	-	€40	€16k
Financial fixed assets	28	€14k	€17k	€17k	€17k	€17k
Current assets	29/58	€36k	€29k	€30k	€33k	€31k
Amounts receivable within one year	40/41	€19k	€15k	€13k	€24k	€21k
Cash & bank	54/58	€11k	€14k	€17k	€6k	€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€89k	€103k	€47k	€50k	€63k
Equity	10/15	€57k	€49k	€43k	€42k	€42k
Contributions / capital	10/11	€20k	€20k	€19k	€19k	€19k
Reserves	13	-	-	€2k	€2k	€2k
Accumulated profits (losses)	14	€37k	€28k	€23k	€21k	€21k
Amounts payable	17/49	€32k	€54k	€4k	€8k	€21k
Amounts payable after one year	17	€18k	€32k	-	-	€5k
Amounts payable within one year	42/48	€14k	€23k	€4k	€8k	€17k
Trade debts payable within one year	44	€742	€3k	€4k	€622	€6k
Income statement
Gross operating margin	9900	€37k	€24k	€9k	€17k	€19k
Operating result	9901	€12k	€9k	€3k	€4k	€-195
Financial income	75	€0	€0	-	-	-
Financial charges	65	€2k	€2k	€112	€2k	€-542
Result before taxes	9903	€10k	€7k	€2k	€3k	€348
Income taxes	67/77	€2k	€1k	€1k	€2k	-
Net result for the period	9904	€8k	€6k	€1k	€110	€348
Result to be appropriated	9905	€8k	€6k	€1k	€110	€348

Legal Structure

NACE primary	Freight transport by road(49410)
Legal form	Private limited company(610)
Incorporation	20-09-2016
Status	Active
Postal code	2660

Establishment units 1 location

IJskelderstraat 66, 2660 Antwerpen

Other postal and courier activities

since 20162.259.678.346

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11383B0275/00B017	Flanders	70 m²	1 · 64 m²	10.0 m · 3 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 9 events

All 11Financial 2Gazette 1Filings 8

Next filing, fiscal year 2026, expected by 31-01-2027

2025

01-12

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2024

04-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

08-01

State Gazette act Minor change

Statutes change · Jean VAN den WOUWER

2023

08-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2022

28-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

30-06

Financial Weakest financial yearnet €110 ▼99.5%

Net result drops to €110, the lowest in the series; recovery starts the following year.

30-06

Financial Liquidity doublescurrent ratio 3.94

Current ratio from 1.84 to 3.94; short-term debt falls from €17k to €8k.

2021

02-12

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

06-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 95 days late

22-02

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 388 days late

2019

07-01

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

08-01-2024 Publication in the Belgian Official Gazette, Minor change Minor change·Jean VAN den WOUWER

Summary: Statutes changeNotary: Jean VAN den WOUWER · Brussel

Original publication ↗

Technical details

{
  "notary": {
    "name": "Jean VAN den WOUWER",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-01-08",
    "filing_date": "2024-01-04",
    "act_kind_objet": "WIJZIGING RECHTSVORM, ONTSLAGEN, BENOEMINGEN"
  },
  "decision": {
    "body": "algemene_vergadering",
    "date": "2024-12-20",
    "unanimous": null
  },
  "agm_change": null,
  "detected_kind": "statutes_change",
  "other_address": null,
  "mandate_renewal": null,
  "subject_company": {
    "kbo": "0662.736.365",
    "name_full": "DS COMPANY",
    "legal_form": "BV"
  },
  "accounts_deposit": null,
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null
  },
  "co_filed_documents": [],
  "fiscal_year_change": null,
  "liquidation_closure": null,
  "officer_designation": {
    "role": "statutair bestuurder",
    "organ": "raad_van_bestuur",
    "person_name": "DEMIRKAZIK Simsek"
  },
  "special_procuration": null,
  "is_volet_a_only_stub": false,
  "vakbekwaamheid_change": null,
  "should_reroute_to_category": null,
  "single_shareholder_declaration": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Freight transport by road49410

Names & trade names

Legal nameNL

DS COMPANY

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