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 60 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
DS GD Belgium from Watermaal-Bosvoorde, company number BE0759664210, closed financial year 2025 with a result of € 17,170 after tax. For that financial year DS GD Belgium recorded a gross margin of € 329,970 and equity of € 94,146. Compared with financial year 2023, the result moved from € 16,987 to € 17,170. 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 23, 2026.
€ 94,146
▲ 58% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,170
▲ 1% vs 2023
Profit after tax over the fiscal year.
€ 73,246
▼ 49% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 93,146.
People and assets in 2025
5.6
▼ 6.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 278,187
▲ 2% vs 2023
€ 49,700 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.
€ 265,914
▲ 5% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 105,201
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 232,750 | € 400,766 | € 328,049 | € 329,970 | ▲ 1% |
| Profit after taxes | € 16,123 | € 25,527 | € 16,987 | € 17,170 | ▲ 1% |
| Equity | € 17,123 | € 42,650 | € 59,637 | € 94,146 | ▲ 58% |
| Total debts | € 548,953 | € 439,374 | € 371,895 | € 385,542 | ▲ 4% |
| Cash | € 84,919 | € 105,022 | € 144,740 | € 73,246 | ▼ 49% |
| Retained profit | € 16,123 | € 41,650 | € 58,637 | € 93,146 | ▲ 59% |
| Balance sheet total | € 566,076 | € 482,024 | € 431,531 | € 479,688 | ▲ 11% |
| Employees (FTE) | 4.4 | 4.6 | 12.2 | 5.6 | ▼ 6.6 |
Key figures of DS GD Belgium, fiscal years 2021 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 DS GD Belgium?
What happened at DS GD Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,170 (▲ 1% vs 2023). Source: NBB ↗
- David Maruani became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- New establishment in Sint-Gillis (bij-Brussel). KBO
- Laurent Gerbi became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 16,123 profit in 2021 to € 17,170 profit in 2025.
Paid € 26,646 in corporate taxes since 2021.
Best year ever: 2022, with € 25,527 profit.
On average € 58,900 of value added per employee in 2025.
A new publication or filing at DS GD Belgium? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind DS GD Belgium are David Maruani and Laurent Gerbi.
Directors
According to the 2025 annual accounts
David Maruani
Director
since 2023
Laurent Gerbi
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 177 box 20
1170 Watermaal-Bosvoorde
Terhulpsesteenweg 177 box 120
1170 Watermaal-Bosvoorde
Active since 10 December 2020
Louizalaan 23
1060 Sint-Gillis (bij-Brussel)
Active since 10 December 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0759.664.210
- VAT number
- BE 0759.664.210
- Registered office
- Terhulpsesteenweg 177 bus 20, 1170 Watermaal-Bosvoorde
- Names & denominations
- DS GD Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 2020
- Peppol
- Active · Active since 8 Oct 2025
- Activities · NACE
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