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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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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 2 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 18 to 1.3.
Financials
Financial year 2025
STS D&V from Londerzeel, company number BE0666543022, closed financial year 2025 with a result of € -466,642 after tax. For that financial year STS D&V recorded a gross margin of € -39,158 and equity of € -7.5 million. Compared with financial year 2024, the result moved from € -1.9 million to € -466,642. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ -7.5 million
▼ € 466,642 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -466,642
▲ 76 % less loss than in 2024
Profit after tax over the fiscal year.
€ 55,643
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.6 million.
People and assets in 2025
1.3
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 123,207
▼ 56% vs 2024
€ 94,800 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
None
No bank loans on the last day of the fiscal year.
€ 59,132
▼ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,487
▼ 11% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,081,005 | € 1,002,880 | € -1,434,755 | € -39,158 | ▲ € 1.4 million |
| Profit after taxes | € -808,721 | € -958,588 | € -1,913,999 | € -466,642 | ▲ € 1.4 million |
| Equity | € -4,205,545 | € -5,164,132 | € -7,078,131 | € -7,544,773 | ▼ € 466,642 |
| Total debts | € 7,870,654 | € 7,044,208 | € 7,891,228 | € 7,808,056 | ▼ 1% |
| Cash | € 191,787 | € 107,541 | € 129,545 | € 55,643 | ▼ 57% |
| Retained profit | € -4,267,045 | € -5,225,632 | € -7,139,631 | € -7,606,273 | ▼ € 466,642 |
| Bank debt | € 1,589,878 | € 1,582,689 | € 1,575,000 | € 0 | ▼ 100% |
| Balance sheet total | € 3,665,109 | € 1,880,076 | € 813,097 | € 263,283 | ▼ 68% |
| Employees (FTE) | 26 | 18 | 3.5 | 1.3 | ▼ 2.2 |
Key figures of STS D&V, 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 STS D&V?
What happened at STS D&V in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Richard Hogan stepped down as director. NBB
- Dynamic Projects bv stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 466,642. Source: NBB ↗
- Richard Hogan became a director. NBB
- Dynamic Projects bv became a director. NBB
- New establishment in Londerzeel. KBO
- Start of the company according to the CBE. KBO
In short
From € 808,721 loss in 2022 to € 466,642 loss in 2025.
Paid € 3,621 in corporate taxes since 2022.
On average € 55,700 of value added per employee in 2023.
Management
Directors
According to the 2025 annual accounts
Richard Hogan
Director
since 2025 · until 2028
Director · represented by Mark Verhulst
since 2025 · until 2028
Establishments
Establishment units
Physical locations of this company
Arduinstraat 30
1840 Londerzeel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0666.543.022
- VAT number
- BE 0666.543.022
- Registered office
- Arduinstraat 30, 1840 Londerzeel
- Names & denominations
- STS D&V
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 2016
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Algemene elektrotechnische installatiewerken