Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
D.L.S.A. from Elsene, company number BE0435652536, closed financial year 2025 with a result of € -667,019 after tax. For that financial year D.L.S.A. recorded a gross margin of € 9.2 million and equity of € 12.8 million. Compared with financial year 2024, the result moved from € -7,604 to € -667,019. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 16, 2026.
€ 12.8 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -667,019
▼ 8672 % more loss than in 2024
Profit after tax over the fiscal year.
€ 305,066
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2025
3.7
Average over the fiscal year, from the social balance sheet.
€ 300,570
▲ 42% vs 2024
€ 81,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,731
▲ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 71 million
▲ 33% vs 2024
€ 3 million is repaid this year. At this pace the long-term loan is gone in ≈ 21 years.
€ 669,127
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 51,870
▲ 31% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,689,462 | € 5,263,889 | € 5,672,400 | € 9,191,022 | ▲ 62% |
| Profit after taxes | € 117,700 | € 292,106 | € -7,604 | € -667,019 | ▼ € 659,415 |
| Equity | € 13,190,328 | € 13,482,434 | € 13,474,829 | € 12,807,810 | ▼ 5% |
| Total debts | € 51,426,952 | € 51,970,504 | € 54,893,757 | € 77,601,438 | ▲ 41% |
| Cash | € 2,614,571 | € 1,061,402 | € 2,115,907 | € 305,066 | ▼ 86% |
| Land & buildings | € 54,945,646 | € 55,816,024 | € 57,628,941 | € 74,515,803 | ▲ 29% |
| Retained profit | € -1,428,111 | € -1,136,005 | € -1,143,610 | € -1,810,629 | ▼ € 667,019 |
| Bank debt | € 50,144,075 | € 50,646,061 | € 53,327,693 | € 70,991,725 | ▲ 33% |
| Balance sheet total | € 64,709,482 | € 65,535,469 | € 68,441,446 | € 90,467,602 | ▲ 32% |
| Employees (FTE) | 2.1 | 2.1 | 3.7 | 3.7 |
Key figures of D.L.S.A., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to D.L.S.A.?
What happened at D.L.S.A. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 667,019. filed late Source: NBB ↗
- LAURENT HANSEEUW stepped down as director. NBB
- LOCATION ET GESTION SRL stepped down as director. NBB
- LOCATION ET GESTION SRL became a director. NBB
- LAURENT HANSEEUW became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 117,700 profit in 2022 to € 667,019 loss in 2025.
Paid € 552,277 in corporate taxes since 2022.
Best year ever: 2023, with € 292,106 profit.
On average € 2.5 million of value added per employee in 2025.
Management
The stake of HOLDING ALTO, METTEWIMMO, Belgian American Corporation comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
D.L.S.A.The shares are held by HOLDING ALTO (65.2%), METTEWIMMO (27%) and Belgian American Corporation (8%). It owns 99.7% of RIORIM , 50% of MOHA, 49.9% of YES CONCEPT and 10% of RENE MABRIQUE itself.
Directors
According to the 2025 annual accounts
LAURENT HANSEEUW
Managing director
Also active at: Belgian American Corporation, Immobilière Ideal, IMMOBILIERE SZLACHTER, Bureau B.G., COMPARTIMMO, METTEWIMMO, Valdivia, STALE +12 more
since 2019 · until 2025
Director · represented by LAURENT GOFFEAU
Also active at: Belgian American Corporation, METTEWIMMO, RIORIM, MoHa, YES CONCEPT, IMMO FORT JACO, IMMO ACH
since 2024 · until 2025
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Gulden-Vlieslaan 21 box 5
1050 Elsene
Koningsstraat 71
1000 Brussel
Active since 10 January 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
All companies at this address →Belgian American Corporation same network
€ 237,984 gross margin · 2024
Coopérative pour le Développement des Câbles Electriques isolés
Immobilière Ideal same network
€ 880,809 gross margin · 2024
Interbureau
IMMOBILIERE SZLACHTER same network
€ 456,129 gross margin · 2025
+24 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.652.536
- VAT number
- BE 0435.652.536
- Registered office
- Gulden-Vlieslaan 21 bus 5, 1050 Elsene
- Names & denominations
- D.L.S.A.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 1988
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen