Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.1 to 2.3.
Financials
Financial year 2025
D. & S. from Zulte, company number BE0440112754, closed financial year 2025 with a result of € 26,145 after tax. For that financial year D. & S. recorded a gross margin of € 215,725 and equity of € 67,323. Compared with financial year 2024, the result moved from € -50,027 to € 26,145. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 67,323
▲ 63% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,145
▲ still € 50,027 loss in 2024
Profit after tax over the fiscal year.
€ 7,128
▼ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 17,323.
People and assets in 2025
2.3
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 150,018
▼ 25% vs 2024
€ 65,200 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.
Debts at end 2025
€ 8,125
▼ 93% vs 2024
Loans from banks and other lenders, long and short.
€ 222,735
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,383
▼ 83% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 441,442 | € 340,035 | € 189,897 | € 215,725 | ▲ 14% |
| Profit after taxes | € 16,275 | € 424 | € -50,027 | € 26,145 | ▲ € 76,172 |
| Equity | € 90,782 | € 91,206 | € 41,179 | € 67,323 | ▲ 63% |
| Total debts | € 379,542 | € 417,818 | € 426,259 | € 278,760 | ▼ 35% |
| Cash | € 38,833 | € 40,670 | € 19,860 | € 7,128 | ▼ 64% |
| Land & buildings | € 6,225 | € 5,332 | € 4,439 | € 0 | ▼ 100% |
| Retained profit | € 40,782 | € 41,206 | € -8,821 | € 17,323 | ▲ € 26,145 |
| Bank debt | € 155,097 | € 209,196 | € 124,216 | € 8,125 | ▼ 93% |
| Balance sheet total | € 470,324 | € 509,024 | € 467,438 | € 346,084 | ▼ 26% |
| Employees (FTE) | 7.2 | 5.1 | 3.8 | 2.3 | ▼ 1.5 |
Key figures of D. & S., 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. & S.?
What happened at D. & S. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,145. Source: NBB ↗
- LEFE-Invest BV became a director. NBB
- New establishment in Zulte. KBO
- Start of the company according to the CBE. KBO
In short
From € 16,275 profit in 2022 to € 26,145 profit in 2025.
Paid € 16,880 in corporate taxes since 2022.
Best year ever: 2025, with € 26,145 profit.
On average € 93,800 of value added per employee in 2025.
Management
The stake of LEFE - INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
D. & S.Behind D. & S. is LEFE-Invest BV. The shares are held by LEFE - INVEST (95.2%).
Directors
According to the 2025 annual accounts
Director · represented by D'Haenens Lens
since 2024
Shareholders
95.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dries 8
9870 Zulte
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.112.754
- VAT number
- BE 0440.112.754
- Registered office
- Dries 8, 9870 Zulte
- Names & denominations
- D. & S.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 February 1990
- Peppol
- Active · Active since 1 Sept 2025
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