ACTIVE

D.S.H.

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Financial year 2025 · closed on 31/12/2025

Net result

399,1 k €

+1331.5% YoY

Gross margin

38,7 k €

+676.5% YoY

Equity

2,3 M €

+21.4% YoY

What does D.S.H. do?

D.S.H. is a Public limited company incorporated in 1985. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.201.955

Incorporation

28/03/1985

Legal form

Public limited company

Registered office

Luikersteenweg 36 box 4
3500 Hasselt · FlandreSee on map

Contributed capital

554 557,80 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70203Management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	38,7 k €	+676%	-6,7 k €	-117%	40,2 k €	+2224%	1,7 k €	-97.7%	75,5 k €	-81.3%	404,1 k €	-3.7%	419,7 k €	-7.9%	455,9 k €	-9.7%	504,6 k €	+60.4%	314,5 k €	+5.3%	298,8 k €	-10.8%	335,1 k €	-14.4%	391,7 k €	+6.5%	367,7 k €	+113%	172,8 k €	-59.8%	430,2 k €	-0.3%	431,5 k €
EBITDA	7,9 k €	+122%	-36,5 k €	-844%	4,9 k €	+116%	-30,5 k €	-280%	16,9 k €	-94.9%	332,4 k €	-5.3%	351 k €	-9.4%	387,5 k €	-11.2%	436,5 k €	-53.3%	935,2 k €	+315%	-434,2 k €	-122%	2 M €	+820%	217,9 k €	-30.0%	311,2 k €	+168%	116,3 k €	+109%	-1,4 M €	-471%	366,5 k €
Operating result	-28,1 k €	+61.3%	-72,5 k €	-148%	-29,2 k €	+43.7%	-51,8 k €	+78.8%	-244,5 k €	-528%	57,1 k €	-22.9%	74,1 k €	-33.0%	110,6 k €	-31.1%	160,4 k €	-75.2%	647,7 k €	+182%	-786,3 k €	-150%	1,6 M €	+1221%	-140 k €	+14.8%	-164,3 k €	+62.3%	-435,5 k €	+73.1%	-1,6 M €	-1720%	99,9 k €
Net result	399,1 k €	+1331%	-32,4 k €	-250%	21,6 k €	+139%	-54,9 k €	+78.9%	-260,2 k €	-891%	32,9 k €	-32.4%	48,7 k €	-17.8%	59,2 k €	+131%	-189 k €	-59.9%	-118,2 k €	+86.4%	-869,5 k €	-41.1%	-616,1 k €	-367%	-131,8 k €	+17.2%	-159,3 k €	+62.8%	-428,5 k €	+73.1%	-1,6 M €	-210%	1,5 M €
Balance sheet
Equity	2,3 M €	+21.4%	1,9 M €	-1.7%	1,9 M €	+1.2%	1,9 M €	+31.0%	1,4 M €	-23.0%	1,9 M €	+1.8%	1,8 M €	+2.7%	1,8 M €	+3.5%	1,7 M €	-9.9%	1,9 M €	+167%	712,2 k €	-52.8%	1,5 M €	-26.5%	2,1 M €	-2.8%	2,1 M €	-3.9%	2,2 M €	-13.9%	2,6 M €	+64.4%	1,6 M €
Total assets	2,3 M €	+1.2%	2,3 M €	-1.4%	2,3 M €	+0.9%	2,3 M €	-21.2%	3 M €	-14.9%	3,5 M €	-3.5%	3,6 M €	-12.7%	4,1 M €	-5.1%	4,3 M €	+2.5%	4,2 M €	-9.2%	4,7 M €	-6.3%	5 M €	-19.3%	6,2 M €	-2.7%	6,3 M €	-5.4%	6,7 M €	-4.3%	7 M €	+83.3%	3,8 M €
Cash	216,1 k €	-29.5%	306,5 k €	+30.6%	234,6 k €	-72.3%	848,2 k €	+1531%	52 k €	-74.1%	200,9 k €	+75.0%	114,8 k €	-68.9%	369,6 k €	+785%	41,8 k €	-29.1%	58,9 k €	+347%	13,2 k €	-54.2%	28,8 k €	-41.7%	49,4 k €	+220%	15,4 k €	+63.1%	9,5 k €	+15.2%	8,2 k €	-93.5%	125,4 k €
Debts	73,9 k €	+36125%	204 €	-39.6%	337,5 €	-31.4%	491,8 €	-100.0%	1,5 M €	-1.5%	1,5 M €	-9.3%	1,7 M €	-24.3%	2,2 M €	-11.3%	2,5 M €	+13.2%	2,2 M €	+18.6%	1,9 M €	-4.3%	2 M €	+156%	770,3 k €	-10.8%	863,4 k €	-18.7%	1,1 M €	+10.7%	958,9 k €	-56.0%	2,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 26 ended

Active mandates

Johan Smeets

Director · since 26 juin 2025 · until 28 juin 2029

Active

SMEETS

Director · since 26 juin 2025 · until 28 juin 2029 · 0441.052.961

Represented by Elisa VEKEMANS

Active

Wim Smeets

Director · since 10 novembre 2023 · until 28 juin 2029

Active

Ended mandates

Elisa Vekemans

Director · since 10 novembre 2023 · until 26 juin 2025

Ended

Elisa Vekemans

Director · since 10 novembre 2023 · until 28 juin 2029

Ended

SMEETS

Director · since 10 novembre 2023 · until 28 juin 2029 · 0441.052.961

Represented by Johan SMEETS

Ended

Elisa Vekemans

Director · since 28 juin 2018 · until 27 juin 2024

Ended

At this address

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Elisa● Active	0723.432.829
Familie Broekmans-Lambrechts● Active	0727.751.705
MEULE● Active	0465.114.406
Vereniging van Mede-eigenaars Residentie Parkside te 3500 Hasselt, Luikersteenweg 36● Active	0825.421.302

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	01/07/2025	02/07/2024	24/04/2023	17/03/2022	08/07/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	21/03/2023	17/02/2022	24/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	26/06/2025	01/07/2025	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	21/03/2023	24/04/2023	Dutch	PDF
Abridged model	31/12/2021	17/02/2022	17/03/2022	Dutch	PDF
Abridged model	31/12/2020	24/06/2021	08/07/2021	Dutch	PDF
Abridged model	31/12/2019	25/06/2020	26/06/2020	Dutch	PDF
Abridged model	31/12/2018	26/04/2019	23/05/2019	Dutch	PDF
Abridged model	31/12/2017	28/06/2018	04/07/2018	Dutch	PDF
Abridged model	31/12/2016	29/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	01/07/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	26/06/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	22/05/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	10/07/2008	Dutch	PDF
Abridged model	31/12/2006	09/05/2007	31/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 26 ended

Active mandates

Johan Smeets

Director · since 26 juin 2025 · until 28 juin 2029

Active

SMEETS

Director · since 26 juin 2025 · until 28 juin 2029 · 0441.052.961

Represented by Elisa VEKEMANS

Active

Wim Smeets

Director · since 10 novembre 2023 · until 28 juin 2029

Active

Ended mandates

Elisa Vekemans

Director · since 10 novembre 2023 · until 26 juin 2025

Ended

Elisa Vekemans

Director · since 10 novembre 2023 · until 28 juin 2029

Ended

SMEETS

Director · since 10 novembre 2023 · until 28 juin 2029 · 0441.052.961

Represented by Johan SMEETS

Ended

Elisa Vekemans

Director · since 28 juin 2018 · until 27 juin 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/04/2008
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025399,1 k €↑
2024
Annual accounts 2024-32,4 k €↓
2023
Annual accounts 202321,6 k €↑
2022
Annual accounts 2022-54,9 k €↑
2019
Annual accounts 2019-260,2 k €↓
2017
Annual accounts 201732,9 k €↓
2016
Annual accounts 201648,7 k €↓
2015
Annual accounts 201559,2 k €↑
2014
Annual accounts 2014-189 k €↓
2013
Annual accounts 2013-118,2 k €↑
2012
Annual accounts 2012-869,5 k €↓
2011
Annual accounts 2011-616,1 k €↓
2010
Annual accounts 2010-131,8 k €↑
2009
Annual accounts 2009-159,3 k €↑
2008
Annual accounts 2008-428,5 k €↑
2007
Annual accounts 2007-1,6 M €↓
2006
Annual accounts 20061,5 M €
28/03/1985
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

D.S.H.

Overview

What does D.S.H. do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline