ACTIVE

D.S. SYSTEMS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

178,5 k €

-24.3% YoY

Gross margin

146,9 k €

-43.8% YoY

Equity

10 M €

+1.8% YoY

What does D.S. SYSTEMS do?

D.S. SYSTEMS is a Public limited company incorporated in 1989. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Kapelle-op-den-Bos.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.562.347

Incorporation

25/05/1989

Legal form

Public limited company

Registered office

Paddegatstraat 49
1880 Kapelle-op-den-Bos · FlandreSee on map

Contributed capital

1 802 656,00 €

Latest accounts

31/12/2025

Activities (NACE)

46643Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46693Wholesale of other machinery and equipment 51871Air transport 55202Holiday and other short-stay accommodation 55202Holiday and other short-stay accommodation 55203Holiday and other short-stay accommodation+5

Joint committees (1)

14904

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	146,9 k €	-43.8%	261,5 k €	-13.4%	301,8 k €	-60.0%	753,6 k €	-22.5%	972,6 k €	+95.1%	498,4 k €	-12.2%	567,5 k €	+66.9%	340 k €	-36.3%	534,1 k €	+9.0%	490 k €	-8.4%	535,2 k €	+9.8%	487,2 k €	-0.2%	488,3 k €	+13.3%	430,9 k €	-16.1%	513,3 k €	+15.5%	444,5 k €	-2.4%	455,4 k €	-13.9%	528,7 k €	+8.9%	485,3 k €	+3.4%	469,2 k €
EBITDA	97 k €	-57.9%	230,7 k €	-10.9%	259 k €	-62.7%	694,9 k €	-15.9%	826,1 k €	+112%	389,4 k €	-12.2%	443,6 k €	+104%	217,1 k €	-43.2%	382 k €	+17.3%	325,8 k €	-9.4%	359,7 k €	+12.3%	320,3 k €	-1.9%	326,6 k €	-17.7%	396,9 k €	+7.1%	370,6 k €	+16.7%	317,5 k €	-6.1%	338,3 k €	-20.8%	427,2 k €	+8.6%	393,4 k €	+1.4%	388,1 k €
Operating result	44,5 k €	-63.7%	122,7 k €	-17.5%	148,6 k €	-74.4%	580,8 k €	-18.5%	712,3 k €	+114%	333,4 k €	-11.5%	376,8 k €	+187%	131,2 k €	+0.2%	130,9 k €	+50.6%	86,9 k €	+8.9%	79,8 k €	-39.6%	132,1 k €	+47.0%	89,9 k €	-53.5%	193,4 k €	+36.1%	142,1 k €	+218%	44,6 k €	-76.1%	186,4 k €	-55.1%	415,2 k €	+11.8%	371,3 k €	+8.7%	341,6 k €
Net result	178,5 k €	-24.3%	235,9 k €	+78.4%	132,2 k €	-91.2%	1,5 M €	+199%	502,9 k €	+87.6%	268,1 k €	-8.6%	293,2 k €	+150%	117,2 k €	-20.9%	148,3 k €	+32.5%	111,9 k €	-27.7%	154,8 k €	-5.1%	163,1 k €	-37.9%	262,5 k €	+38.6%	189,4 k €	-11.4%	213,7 k €	+276%	56,8 k €	-79.6%	278,8 k €	-36.1%	436,3 k €	+20.4%	362,2 k €	+15.4%	313,9 k €
Balance sheet
Equity	10 M €	+1.8%	9,9 M €	+2.4%	9,6 M €	+1.4%	9,5 M €	+18.8%	8 M €	+6.7%	7,5 M €	+3.7%	7,2 M €	+4.2%	6,9 M €	+1.7%	6,8 M €	+2.2%	6,7 M €	+1.7%	6,6 M €	+28.6%	5,1 M €	+3.3%	4,9 M €	+5.6%	4,7 M €	+4.2%	4,5 M €	+5.0%	4,3 M €	+1.3%	4,2 M €	+7.1%	3,9 M €	+12.5%	3,5 M €	+11.6%	3,1 M €
Total assets	10,2 M €	+1.9%	10 M €	-0.7%	10,1 M €	-0.6%	10,1 M €	+17.4%	8,6 M €	+5.2%	8,2 M €	+3.9%	7,9 M €	+11.3%	7,1 M €	+1.6%	7 M €	+2.2%	6,8 M €	+1.8%	6,7 M €	+27.7%	5,3 M €	+3.6%	5,1 M €	+5.7%	4,8 M €	+0.7%	4,8 M €	+5.5%	4,5 M €	+3.2%	4,4 M €	+7.3%	4,1 M €	+11.1%	3,7 M €	+10.2%	3,3 M €
Cash	9,4 M €	+1.6%	9,2 M €	-0.3%	9,3 M €	+0.5%	9,2 M €	+46.3%	6,3 M €	+5.3%	6 M €	+2.3%	5,8 M €	+18.1%	5 M €	+3.2%	4,8 M €	+8.4%	4,4 M €	+8.3%	4,1 M €	+9.9%	3,7 M €	+6.9%	3,5 M €	+1.2%	3,4 M €	+7.0%	3,2 M €	+11.2%	2,9 M €	-9.1%	3,2 M €	-12.4%	3,6 M €	+8.2%	3,4 M €	+12.1%	3 M €
Debts	68,3 k €	+22.8%	55,6 k €	-64.1%	154,9 k €	-1.3%	156,9 k €	+17.6%	133,5 k €	-39.7%	221,5 k €	+45.9%	151,8 k €	-10.0%	168,7 k €	-2.9%	173,7 k €	+0.1%	173,5 k €	+4.1%	166,6 k €	+0.5%	165,8 k €	+13.4%	146,3 k €	+6.5%	137,4 k €	-18.9%	169,4 k €	+17.0%	144,8 k €	+109%	69,4 k €	+23.5%	56,2 k €	-40.2%	94 k €	-24.9%	125,1 k €
Other
Workforce	–		–		–		0,4 ETP	-81.0%	2,1 ETP		–		–		–		–		–		3,4 ETP	0.0%	3,4 ETP	0.0%	3,4 ETP	0.0%	3,4 ETP	+6.2%	3,2 ETP	0.0%	3,2 ETP	+52.4%	2,1 ETP	+5.0%	2,0 ETP	+11.1%	1,8 ETP	0.0%	1,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 18 ended

Active mandates

Benny De Schutter

Director · since 29 juin 2020 · until 29 mai 2026

Active

Karina Van Praet

Director · since 29 juin 2020 · until 29 mai 2026

Active

Ended mandates

Benny De Schutter

Managing director · since 29 juin 2020 · until 29 mai 2026

Ended

Benny De Schutter

Managing director · since 25 mars 2020 · until 24 mars 2026

Ended

Karine Van Praet

Director · since 25 mars 2020 · until 24 mars 2026

Ended

Benny De Schutter

Managing director · since 25 mars 2014 · until 24 mars 2020

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	04/06/2026	19/06/2025	01/07/2024	31/08/2023	30/06/2022	30/08/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	30/05/2022	30/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	04/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	19/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/05/2022	30/06/2022	Dutch	PDF
Micro model	31/12/2020	30/05/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	29/06/2020	17/07/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	19/06/2019	Dutch	PDF
Micro model	31/12/2017	30/05/2018	28/06/2018	Dutch	PDF
Micro model	31/12/2016	27/05/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	08/06/2016	Dutch	PDF
Abridged model	31/12/2014	25/05/2015	17/06/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	06/06/2013	Dutch	PDF
Abridged model	31/12/2011	28/05/2012	05/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	03/09/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	16/06/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	30/07/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	09/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 18 ended

Active mandates

Benny De Schutter

Director · since 29 juin 2020 · until 29 mai 2026

Active

Karina Van Praet

Director · since 29 juin 2020 · until 29 mai 2026

Active

Ended mandates

Benny De Schutter

Managing director · since 29 juin 2020 · until 29 mai 2026

Ended

Benny De Schutter

Managing director · since 25 mars 2020 · until 24 mars 2026

Ended

Karine Van Praet

Director · since 25 mars 2020 · until 24 mars 2026

Ended

Benny De Schutter

Managing director · since 25 mars 2014 · until 24 mars 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/05/2015
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/03/2014
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares18/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/04/2008
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025178,5 k €↓
2024
Annual accounts 2024235,9 k €↑
2023
Annual accounts 2023132,2 k €↓
2022
Annual accounts 20221,5 M €↑
2021
Annual accounts 2021502,9 k €↑
2020
Annual accounts 2020268,1 k €↓
2019
Annual accounts 2019293,2 k €↑
2018
Annual accounts 2018117,2 k €↓
2017
Annual accounts 2017148,3 k €↑
2016
Annual accounts 2016111,9 k €↓
2015
Annual accounts 2015154,8 k €↓
2014
Annual accounts 2014163,1 k €↓
2013
Annual accounts 2013262,5 k €↑
2012
Annual accounts 2012189,4 k €↓
2011
Annual accounts 2011213,7 k €↑
2010
Annual accounts 201056,8 k €↓
2009
Annual accounts 2009278,8 k €↓
2008
Annual accounts 2008436,3 k €↑
2007
Annual accounts 2007362,2 k €↑
2006
Annual accounts 2006313,9 k €
25/05/1989
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. SYSTEMS

Overview

What does D.S. SYSTEMS do?

Trend over 20 financial years

Indicative valuation

Board of directors

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