ACTIVE

D & S

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Financial year 2025 · closed on 31/12/2025
Net result
34,9 k €
-60.6% YoY
Gross margin
69,1 k €
-59.8% YoY
Equity
1,2 M €
+3.1% YoY
Workforce
0,0 ETP

What does D & S do?

D & S is a Public limited company incorporated in 1987. Its main activity is: Management consultancy activities. Its registered office is in Nieuwpoort.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0431.323.267
Incorporation
05/07/1987
Legal form
Public limited company
Registered office
Constant Permekelaan 2A
8620 Nieuwpoort · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities70311Activities of head offices; management consultancy activities68310Real estate agencies68311Real estate agencies
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin69,1 k €172 k €169,7 k €350,1 k €142,2 k €150,3 k €148,2 k €136,2 k €70,1 k €101,9 k €90,5 k €47,8 k €37,4 k €45,5 k €57,5 k €26,7 k €73,2 k €60,8 k €62,1 k €83,5 k €
EBITDA63 k €163,7 k €165,5 k €343,4 k €135,9 k €143,5 k €142 k €130,5 k €65,5 k €98,6 k €86,7 k €44,5 k €33,6 k €40,9 k €54,5 k €22,9 k €69,5 k €46 k €13,8 k €80,2 k €
Operating result28,3 k €122,9 k €129,3 k €308,5 k €80,3 k €100,6 k €84,5 k €75,2 k €6,7 k €64,2 k €51,9 k €3,3 k €2,4 k €2,1 k €15,7 k €-16,1 k €34,5 k €11,4 k €-18 k €48,8 k €
Net result34,9 k €88,5 k €97,1 k €211,8 k €46,6 k €66,2 k €45,5 k €40,9 k €-7,1 k €43,2 k €34 k €9,7 k €455 €-411,5 €13,2 k €-16,9 k €22 k €5,4 k €-27 k €27 k €
Balance sheet
Equity1,2 M €1,1 M €1 M €931,3 k €719,5 k €672,9 k €606,7 k €561,2 k €520,3 k €527,4 k €484,3 k €450,3 k €440,6 k €440,1 k €440,5 k €427,4 k €444,2 k €422,2 k €416,9 k €441,9 k €
Total assets1,3 M €1,3 M €1,3 M €1,2 M €1 M €1,1 M €1 M €1 M €1 M €589,8 k €538,6 k €481,4 k €477,8 k €478,3 k €483,6 k €480,8 k €505,5 k €713,6 k €666,4 k €710,1 k €
Cash953,8 k €823,6 k €831,3 k €954,4 k €38,1 k €209,7 k €62,5 k €125,9 k €53,7 k €29,1 k €82 k €71,6 k €29,8 k €61,4 k €31,4 k €10,9 k €3,4 k €23,8 k €11,1 k €166,1 k €
Debts172,7 k €207,5 k €300,2 k €287,9 k €286,6 k €390,2 k €399,8 k €456,6 k €508,7 k €49,6 k €41,4 k €15,3 k €24,3 k €24,5 k €28,7 k €38,4 k €45,5 k €274,9 k €232,3 k €249,5 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP–––––––––––––––––
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 · 25 ended

Active mandates

Henk Desaever

Managing director

Active
Lisa DESAEVER

Director

Active
Nele Serpieters

Director

Active

Ended mandates

Nele Serpieters

Director · since 18 septembre 2019 · until 07 juin 2025

Ended
Henk Desaever

Managing director · since 18 juin 2019 · until 17 juin 2025

Ended
Lisa Desaever

Director · since 18 juin 2019 · until 17 juin 2025

Ended
Nele Serpieters

Director · since 18 juin 2019 · until 17 juin 2025

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/07/202608/07/202523/07/202426/07/202326/07/202224/07/2021
General meeting16/06/202617/06/202517/06/202420/06/202321/06/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/06/202623/07/2026DutchPDF
Abridged model31/12/202417/06/202508/07/2025DutchPDF
Abridged model31/12/202317/06/202423/07/2024DutchPDF
Abridged model31/12/202220/06/202326/07/2023DutchPDF
Abridged model31/12/202121/06/202226/07/2022DutchPDF
Abridged model31/12/202015/06/202124/07/2021DutchPDF
Abridged model31/12/201916/06/202030/07/2020DutchPDF
Abridged model31/12/201818/06/201923/07/2019DutchPDF
Abridged model31/12/201719/06/201827/08/2018DutchPDF
Abridged model31/12/201620/06/201731/07/2017DutchPDF
Abridged model31/12/201521/06/201630/06/2016DutchPDF
Abridged model31/12/201416/06/201531/08/2015DutchPDF
Abridged model31/12/201317/06/201423/07/2014DutchPDF
Abridged model31/12/201218/06/201322/07/2013DutchPDF
Abridged model31/12/201119/06/201224/08/2012DutchPDF
Abridged model31/12/201021/06/201127/06/2011DutchPDF
Abridged model31/12/200915/06/201021/06/2010DutchPDF
Abridged model31/12/200816/06/200917/06/2009DutchPDF
Abridged model31/12/200717/06/200827/06/2008DutchPDF
Abridged model31/12/200619/06/200727/06/2007DutchPDF
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 · 25 ended

Active mandates

Henk Desaever

Managing director

Active
Lisa DESAEVER

Director

Active
Nele Serpieters

Director

Active

Ended mandates

Nele Serpieters

Director · since 18 septembre 2019 · until 07 juin 2025

Ended
Henk Desaever

Managing director · since 18 juin 2019 · until 17 juin 2025

Ended
Lisa Desaever

Director · since 18 juin 2019 · until 17 juin 2025

Ended
Nele Serpieters

Director · since 18 juin 2019 · until 17 juin 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/08/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/07/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/09/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/08/2005
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 202534,9 k €↓
  2. 2024
    Annual accounts 202488,5 k €↓
  3. 2023
    Annual accounts 202397,1 k €↓
  4. 2022
    Annual accounts 2022211,8 k €↑
  5. 2021
    Annual accounts 202146,6 k €↓
  6. 2020
    Annual accounts 202066,2 k €↑
  7. 2019
    Annual accounts 201945,5 k €↑
  8. 2018
    Annual accounts 201840,9 k €↑
  9. 2017
    Annual accounts 2017-7,1 k €↓
  10. 2016
    Annual accounts 201643,2 k €↑
  11. 2015
    Annual accounts 201534 k €↑
  12. 2014
    Annual accounts 20149,7 k €↑
  13. 2013
    Annual accounts 2013455 €↑
  14. 2012
    Annual accounts 2012-411,5 €↓
  15. 2011
    Annual accounts 201113,2 k €↑
  16. 2010
    Annual accounts 2010-16,9 k €↓
  17. 2009
    Annual accounts 200922 k €↑
  18. 2008
    Annual accounts 20085,4 k €↑
  19. 2007
    Annual accounts 2007-27 k €↓
  20. 2006
    Annual accounts 200627 k €
  21. 05/07/1987
    IncorporationPublic limited company