DRS BELGIUM
ActiveSummary
DRS BELGIUM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.93M) and a net result of €-3.41M. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 5% of 1004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-15
Solvency20▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.39 against 1.07 in 2024; short-term debt: 71.5% and cash: 18.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 69
Relative position
BE, all sectors
reference
Sector 69
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-1.93M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
8 d late
2022
8 d late
2021
39 d early
2020
11 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.86M
EBIT margin
-62.4%
Net result
€-3.41M▼ 422%
2024 · €-652k
2018: €10.12M
2019: €82k
2020: €-1.18M
2021: €1.85M
2022: €529k
2023: €1.77M
2024: €-652k
2018 → 2025
Working capital
€11.66M▲ 608%
2024 · €1.65M
2018: €2.04M
2019: €2.19M
2020: €2.68M
2021: €5.26M
2022: €1.90M
2023: €1.74M
2024: €1.65M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.86M
Equity€2.20M-€2.21M▲ 0.4%€2.13M▼ 3.9%€1.48M▼ 30.7%€-1.93M
Operating result€1.94M-€1.09M▼ 43.7%€2.17M▲ 99.0%€29k▼ 98.6%€-3.03M
Net result€1.85M-€529k▼ 71.4%€1.77M▲ 235%€-652k€-3.41M▼ 422%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3.03M after €29k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41.82M
Fixed assets
€271k ▼ 15.8%
Current assets
€41.54M ▲ 65.4%
Key figures and ratios
EBITDA
€-2.86M▼
2024 · €234k
Cash flow
€-3.23M▼
2024 · €-448k
Solvency
-4.6%▼
2024 · 5.8%
Current ratio
1.39▲
2024 · 1.07
Quick ratio
1.03▲
2024 · 0.69
Debt to equity
-22.40▼
2024 · 15.93
ROA
-8.1%▼
2024 · -2.6%
Interest coverage
-4.20▼
2024 · 0.63
Debt
€43.27M▲
2024 · €23.50M
Debt ≤ 1 year
€29.88M▲
2024 · €23.48M
Debt > 1 year
€13.29M▲
2024 · €0
Income taxes
€-318k▼
2024 · €319k
Staff costs
€1.53M▼
2024 · €1.54M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 77 lines
Balance sheet
Code20242025
Assets
Total assets20/58€25.45M€41.82M▲
Fixed assets21/28€321k€271k▼
Intangible fixed assets21€246k€134k▼
Tangible fixed assets22/27€51k€89k▲
Furniture and vehicles24€51k€63k▲
Other tangible fixed assets26€0€26k▲
Financial fixed assets28€25k€48k▲
Affiliated companies280/1-€10k
Participating interests280-€10k
Other financial fixed assets284/8-€38k
Amounts receivable and cash guarantees285/8-€38k
Current assets29/58€25.12M€41.54M▲
Stocks and contracts in progress3€8.96M€10.63M▲
Contracts in progress37€8.96M€10.63M▲
Amounts receivable within one year40/41€15.66M€23.05M▲
Trade receivables40€8.72M€10.84M▲
Other amounts receivable41€6.94M€12.21M▲
Current investments50/53€3k€3k=
Other investments51/53-€3k
Cash at bank and in hand54/58€481k€7.81M▲
Deferred charges and accrued income490/1€21k€58k▲
Equity and liabilities
Total equity and liabilities10/49€25.45M€41.82M▲
Equity10/15€1.48M€-1.93M▼
Contributions10/11€2.13M€2.13M=
Reserves13€166€166=
Tax-exempt reserves132€166€166=
Profit (loss) carried forward14€-652k€-4.06M▼
Provisions and deferred taxes16€475k€475k=
Provisions for liabilities and charges160/5€475k€475k=
Environmental obligations163€475k€475k=
Amounts payable17/49€23.50M€43.27M▲
Amounts payable after more than one year17€0€13.29M▲
Financial debts170/4€0€13.29M▲
Other loans174-€13.29M
Amounts payable within one year42/48€23.48M€29.88M▲
Current portion of amounts payable after more than one year42€1.64M€1.60M▼
Trade debts44€9.08M€13.06M▲
Suppliers440/4€9.08M€13.06M▲
Advances received on contracts in progress46€17k€3.62M▲
Taxes, remuneration and social security45€703k€1.07M▲
Taxes450/3€318k€789k▲
Remuneration and social security454/9€385k€279k▼
Other amounts payable47/48€12.04M€10.53M▼
Accrued charges and deferred income492/3€19k€106k▲
Income statement
Code20242025
Operating income70/76A-€7.19M
Turnover70-€4.86M
Change in stocks of work in progress, finished goods and contracts in progress71-€2.32M
Other operating income74-€13k
Operating charges60/66A-€10.22M
Services and other goods61-€8.47M
Remuneration, social security and pensions62€1.54M€1.53M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€204k€172k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€66k€38k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€475k€0▼
Other operating charges640/8€130€12k▲
Gross operating margin9900€2.32M-
Operating profit (loss)9901€29k€-3.03M▼
Financial income75/76B€9k€12k▲
Recurring financial income75€9k€12k▲
Income from current assets751-€186
Other financial income752/9-€12k
Financial charges65/66B€372k€706k▲
Recurring financial charges65€372k€706k▲
Debt charges650-€681k
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€-2k
Other financial charges652/9-€26k
Profit (loss) for the period before taxes9903€-333k€-3.72M▼
Income taxes67/77€319k€-318k▼
Taxes670/3-€0
Tax adjustments and reversals of tax provisions77-€318k
Profit (loss) for the period9904€-652k€-3.41M▼
Profit (loss) for the period to be appropriated9905€-652k€-3.41M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-652k€-4.06M▼
Profit (loss) brought forward from the previous period14P€567€-652k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90877.76.2▼
The notes to these accounts (61 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
2026
28-08
State Gazette act
Capital & shares · RestructuringDemerger · Share issue · Accounting effect8 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Share issue · Accounting effect8 facts ▸
- General meeting, 31-07-2026
- Demerger, transfert de l'ensemble des actifs et passifs relatifs à l'application "MyDeminor"
- Share issue, 34118, Deminor Recovery Services (Luxembourg) SA
- Accounting effect, 01-01-2026
- Capital decrease, €68.740,67
- Contract, 24-10-2025
- Liability transfer, 150568.55, EUR
- Employee transfer, Les employés de la Société à Scinder Partiellement impliqués dans le MyDeminor Business, ainsi que tous les contrats et accords pertinents relatifs à ces employ…
17-08
State Gazette act
Reappointments: Pierre Nothomb, Bernard Thuysbaert and 3 othersMandate compensation11 facts ▸
State Gazette act
Reappointments: Pierre Nothomb, Bernard Thuysbaert and 3 others
Mandate compensation11 facts ▸
- General meeting, 22/07/2026
- Director reappointment, Pierre Nothomb (director)
- Director reappointment, Bernard Thuysbaert (director)
- Director reappointment, Erik Bomans (director)
- Director reappointment, Edouard Fremault (director)
- Director reappointment, Charles Demoulin (director)
- Mandate compensation, Pierre Nothomb
- Mandate compensation, Bernard Thuysbaert
- Mandate compensation, Erik Bomans
- Mandate compensation, Edouard Fremault
- Mandate compensation, Charles Demoulin
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
28-01
State Gazette act
RestructuringAppointment: Finvision Bedrijfsrevisoren BV (réviseur d'entreprises) · Demerger · Capital8 facts ▸
State Gazette act
Restructuring
Appointment: Finvision Bedrijfsrevisoren BV (réviseur d'entreprises) · Demerger · Capital8 facts ▸
- Board meeting, 09-01-2026
- Demerger, Transfert des actifs et passifs relatifs à MyDeminor
- Capital, €600.000
- Capital, €10.000
- Share issue, 34118, contrepartie de l'apport des Actifs et Passifs Transférés
- Accounting effect, 01-01-2026
- Auditor appointment, Finvision Bedrijfsrevisoren BV (réviseur d'entreprises)
- Power of attorney, Laurius BV
2025
31-12
Financial
Weakest financial yearnet €-3.41M
Net result drops to €-3.41M, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €1.85M
Net result €1.85M after one loss-making year.
31-12
Financial
Equity above €2MEq €2.20M ▲91.4%
Equity rises from €1.15M to €2.20M.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification
This board is reconstructed from a single act (26104947). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Charles Demoulin
CurrentDirector
Edouard Fremault
CurrentDirector
Erik Bomans
CurrentDirector
Pierre NOTHOMB
CurrentDirector
THUYSBAERT Bernard
CurrentDirector
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1994
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.
Joseph Stevensstraat 71000 BrusselGround area
2,159 m²
Building footprint
2,113 m²
Volume, LiDAR
79,173 m³
Parcel 21808H1372/00K000, Brussels · tallest building 88.8 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
DRS Belgium
since 19942.067.367.433
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1372/00K000 | Brussels | 2,159 m² | 1 · 2,113 m² | 88.8 m · 7 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.
Articles of association
Purpose
La société a pour objet: 1) De financer et soutenir des litiges individuels ou collectifs... 2) D'emprunter et d'utiliser d'autres types de financement... 3) De mener toutes…
Full purpose
La société a pour objet: 1) De financer et soutenir des litiges individuels ou collectifs... 2) D'emprunter et d'utiliser d'autres types de financement... 3) De mener toutes opérations... La société pourra, d'une manière générale, en Belgique ou à l'étranger, faire tous actes ou opérations généralement quelconques se rapportant directement ou indirectement à son objet ou de nature à la favoriser. La société peut s'intéresser par toutes voies dans toutes affaires, entreprises ou sociétés ayant un objet identique, analogue ou connexe, ou qui sont de nature à favoriser le développement de son entreprise ou à le lui faciliter.
Structure & network
Connections & network
7 connected companiesLinked via shared directors
via Pierre NOTHOMB · Administrateur externe
→
via THUYSBAERT Bernard · Permanent representative
→
via Pierre NOTHOMB · Director
former→
via Pierre NOTHOMB · Director
former→
Show 3 more companies with a shared director
via Pierre NOTHOMB · Director
former→
via Pierre NOTHOMB · Director
former→
via THUYSBAERT Bernard · Director
former→
Acquisitions and mergers
2 transactionsSplit off to:AGGREGATE CLAIMS SOLUTIONS
Split off to:Aggregate Claims Solutions
Capital and shareholders
Capital over the years
- 28-08-2026 Capital reduction of 68,740.67 EUR · in a demerger
- 28-01-2026 Capital stated in the act · 600,000 EUR · 34,118 shares
Recognitions · licences · registrations
Legal Entity Identifier
96760016CNFJ9IQ9IG98
Similar companies · same sector, comparable size
JULARTIS
BE 0809.972.368
Oudenaarde · Eq €1.47M
AN VAN DAMME
BE 0479.174.159
Meise · Eq €1.49M
NEXTGEN INVEST
BE 0465.056.996
Opwijk · Eq €1.50M
ACQUIS
BE 0739.590.158
Elsene · Eq €1.45M
TWELVE LAW
BE 0741.513.332
Sint-Pieters-Woluwe · Eq €1.52M
Of 2,762 companies in sector 69109 we hold annual accounts for 1,208. 450 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
69109Other legal services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:drs@deminor.com