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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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 9.9 to 7.9.
Financials
Financial year 2025
BOUWONDERNEMING DSV CROP from Tielt, company number BE0837528286, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year BOUWONDERNEMING DSV CROP recorded a gross margin of € 2.2 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 1.5 million to € 1.3 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 1.2 million
▲ 85% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▼ 13% vs 2024
Profit after tax over the fiscal year.
€ 711,058
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 760,000 paid out
57 % of the profit went to the shareholders, mostly to DSV PROJECTS (100 % of the shares). That is where the money ends up.
People and assets in 2025
7.9
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 536,749
▼ 7% vs 2024
€ 67,900 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.
€ 101,362
▼ 28% vs 2024
Of which on lease € 65,695.
Debts at end 2025
€ 117,121
▼ 67% vs 2024
€ 5,438 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 2.8 million
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,276
▼ 93% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,588,885 | € 1,360,198 | € 2,437,331 | € 2,249,098 | ▼ 8% |
| Profit after taxes | € 751,536 | € 655,640 | € 1,521,967 | € 1,324,964 | ▼ 13% |
| Equity | € 328,252 | € 374,339 | € 661,306 | € 1,226,270 | ▲ 85% |
| Total debts | € 3,222,917 | € 3,581,676 | € 4,989,669 | € 3,944,761 | ▼ 21% |
| Cash | € 517,615 | € 295,498 | € 1,407,838 | € 711,058 | ▼ 49% |
| Land & buildings | € 6,177 | € 4,735 | € 4,025 | € 3,514 | ▼ 13% |
| Retained profit | € 265,952 | € 312,039 | € 599,006 | € 1,163,970 | ▲ 94% |
| Dividend | € 750,000 | € 609,554 | € 1,235,000 | € 760,000 | ▼ 38% |
| Bank debt | € 482,370 | € 410,932 | € 358,687 | € 117,121 | ▼ 67% |
| Balance sheet total | € 3,551,170 | € 3,956,015 | € 5,650,975 | € 5,171,030 | ▼ 8% |
| Employees (FTE) | 10.1 | 9.9 | 9.3 | 7.9 | ▼ 1.4 |
Key figures of BOUWONDERNEMING DSV CROP, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to BOUWONDERNEMING DSV CROP?
What happened at BOUWONDERNEMING DSV CROP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million (▼ 13% vs 2024). Source: NBB ↗
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 751,536 profit in 2022 to € 1.3 million profit in 2025.
Paid € 567,691 in corporate taxes since 2022.
Best year ever: 2024, with € 1.5 million profit.
On average € 284,700 of value added per employee in 2025.
Management
The stake of DSV PROJECTS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BOUWONDERNEMING DSV CROPBehind BOUWONDERNEMING DSV CROP is DSV Projects NV. The shares are held by DSV PROJECTS (99.5%).
Directors
According to the 2025 annual accounts
Shareholders
99.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Tieltstraat 138
8760 Tielt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0837.528.286
- VAT number
- BE 0837.528.286
- Registered office
- Tieltstraat 138, 8760 Tielt
- Names & denominations
- BOUWONDERNEMING DSV CROP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 June 2011
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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