Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 2 to 0.
Financials
Financial year 2025
DSH Holding from Pepingen, company number BE0740599750, closed financial year 2025 with a result of € 77,762 after tax. For that financial year DSH Holding recorded a gross margin of € 185,403 and equity of € 3.6 million. Compared with financial year 2024, the result moved from € 51,906 to € 77,762. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2026.
€ 3.6 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 77,762
▲ 50% vs 2024
Profit after tax over the fiscal year.
€ 12,613
▼ 16% 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 € 1.4 million.
People and assets in 2025
0
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 59,562
▼ 47% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 976
▼ 67% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 342,873
▼ 19% vs 2024
€ 87,505 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 6,809
Supplier invoices still open on the last day of the fiscal year.
€ 37,624
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 243,883 | € 212,924 | € 205,333 | € 185,403 | ▼ 10% |
| Profit after taxes | € 62,192 | € 24,657 | € 51,906 | € 77,762 | ▲ 50% |
| Equity | € 3,422,581 | € 3,447,238 | € 3,499,144 | € 3,576,906 | ▲ 2% |
| Total debts | € 1,057,881 | € 969,459 | € 904,220 | € 816,852 | ▼ 10% |
| Cash | € 810 | € 34,688 | € 14,944 | € 12,613 | ▼ 16% |
| Retained profit | € 1,217,581 | € 1,242,238 | € 1,294,144 | € 1,371,906 | ▲ 6% |
| Bank debt | € 579,345 | € 501,464 | € 422,644 | € 342,873 | ▼ 19% |
| Balance sheet total | € 4,480,462 | € 4,416,698 | € 4,403,364 | € 4,393,758 | |
| Employees (FTE) | 1.8 | 2 | 1.7 | 0 | ▼ 1.7 |
Key figures of DSH Holding, 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 DSH Holding?
What happened at DSH Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 77,762 (▲ 50% vs 2024). filed late Source: NBB ↗
- New establishment in Halle. KBO
- New establishment in Pepingen. KBO
- Start of the company according to the CBE. KBO
In short
From € 62,192 profit in 2022 to € 77,762 profit in 2025.
Paid € 73,821 in corporate taxes since 2022.
Best year ever: 2025, with € 77,762 profit.
On average € 120,800 of value added per employee in 2024.
Management
Behind DSH Holding are Annick Dumolin and Hans De Smet. It owns 100% of De Smet itself.
Directors
According to the 2025 annual accounts
Annick Dumolin
Director
Establishments
Establishment units
Physical locations of this company
Eikstraat(BR) 49
1673 Pepingen
Demaeghtlaan (Auguste) 78-80
1500 Halle
Active since 10 February 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0740.599.750
- VAT number
- BE 0740.599.750
- Registered office
- Eikstraat(BR) 49, 1673 Pepingen
- Names & denominations
- DSH Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2019
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van hoofdkantoren