ACTIVE

DES

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Financial year 2024 · closed on 31/12/2024

Net result

-542,3 k €

+51.6% YoY

Gross margin

5,7 M €

+15.6% YoY

Equity

4,1 M €

-13.1% YoY

What does DES do?

DES is a Public limited company incorporated in 1990. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Schilde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.873.710

Incorporation

15/06/1990

Legal form

Public limited company

Registered office

Begonialaan 17
2970 Schilde · FlandreSee on map

Contributed capital

218 146,30 €

Latest accounts

31/12/2024

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70203Management consultancy activities 68100Buying and selling of own real estate 68110Buying and selling of own real estate

Joint committees (1)

Signals

Positive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	5,7 M €	+15.6%	4,9 M €	+80.6%	2,7 M €	+61.4%	1,7 M €	-46.1%	3,1 M €	-23.6%	4,1 M €	+145%	1,7 M €	+103%	826,8 k €	-25.6%	1,1 M €	-59.7%	2,8 M €	+1098%	230,3 k €	+16.4%	197,8 k €	+10.4%	179,2 k €	-96.8%	5,6 M €	+1793%	298 k €	+1.2%	294,5 k €	-16.3%	352 k €	+17.1%	300,7 k €
EBITDA	2,2 M €	+17.7%	1,9 M €	+57.7%	1,2 M €	-7.7%	1,3 M €	-55.6%	2,9 M €	-18.6%	3,6 M €	+308%	876,7 k €	+53.8%	570 k €	-42.6%	993,4 k €	-62.1%	2,6 M €	+1146%	210,3 k €	+19.8%	175,5 k €	+11.8%	157 k €	-97.2%	5,6 M €	+2094%	255,2 k €	-12.7%	292,2 k €	-8.7%	320,1 k €	+8.4%	295,3 k €
Operating result	-583,6 k €	+16.9%	-702,4 k €	+48.1%	-1,4 M €	-105%	-660,5 k €	-177%	861,2 k €	-41.3%	1,5 M €	+207%	-1,4 M €	-1.4%	-1,4 M €	-48.5%	-911,4 k €	-189%	1 M €	+1027%	91,3 k €	+32.9%	68,7 k €	+28.6%	53,4 k €	-99.0%	5,2 M €	+3331%	150,6 k €	+25.5%	120 k €	-8.5%	131,1 k €	+14.3%	114,7 k €
Net result	-542,3 k €	+51.6%	-1,1 M €	+26.4%	-1,5 M €	-140%	3,8 M €	+1144%	307,8 k €	-28.3%	429,4 k €	+126%	-1,7 M €	-0.7%	-1,6 M €	-0.2%	-1,6 M €	-651%	296,7 k €	+99.4%	148,8 k €	-14.6%	174,2 k €	+8.1%	161,1 k €	-95.1%	3,3 M €	+2995%	106,9 k €	+254%	30,2 k €	-27.8%	41,9 k €	+175%	15,2 k €
Balance sheet
Equity	4,1 M €	-13.1%	4,7 M €	-22.8%	6,1 M €	-21.9%	7,8 M €	+8.0%	7,2 M €	-2.1%	7,4 M €	-28.1%	10,2 M €	+6.9%	9,6 M €	-16.5%	11,5 M €	-12.6%	13,1 M €	+437%	2,4 M €	+6.5%	2,3 M €	+8.2%	2,1 M €	+8.2%	2 M €	+678%	-338,8 k €	+24.0%	-445,7 k €	+6.4%	-475,9 k €	+8.1%	-517,8 k €
Total assets	27,7 M €	-2.7%	28,4 M €	-6.4%	30,4 M €	+19.2%	25,5 M €	-13.0%	29,3 M €	-7.9%	31,8 M €	-9.6%	35,2 M €	+5.4%	33,4 M €	+5.5%	31,7 M €	-2.4%	32,4 M €	+342%	7,3 M €	+2.9%	7,1 M €	+0.3%	7,1 M €	-0.1%	7,1 M €	+629%	975,8 k €	-16.4%	1,2 M €	-12.0%	1,3 M €	-4.2%	1,4 M €
Cash	193,1 k €	+202%	64,1 k €	+33.9%	47,8 k €	-86.9%	364,8 k €	+758%	42,5 k €	+40.7%	30,2 k €	+297%	7,6 k €	+2.9%	7,4 k €	-76.3%	31,1 k €	+52.6%	20,4 k €	+5.6%	19,3 k €	+81.0%	10,7 k €	+1625%	619,1 €	-98.7%	47,1 k €		–		26,9 k €	-8.6%	29,4 k €	-2.8%	30,3 k €
Debts	20,1 M €	+2.0%	19,7 M €	-2.8%	20,3 M €	+42.3%	14,2 M €	-26.9%	19,5 M €	-9.3%	21,5 M €	-2.0%	21,9 M €	+6.8%	20,5 M €	+23.5%	16,6 M €	+5.9%	15,7 M €	+408%	3,1 M €	+5.3%	2,9 M €	-4.0%	3,1 M €	-6.0%	3,3 M €	+148%	1,3 M €	-17.1%	1,6 M €	-10.7%	1,8 M €	-5.3%	1,9 M €
Other
Workforce	–		–		–		–		–		–		2,0 ETP	0.0%	2,0 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 12 ended

Active mandates

Luca DRIJVERS

Director · since 09 décembre 2020 · until 09 décembre 2026

Active

Serge DRIJVERS

Managing director · since 09 décembre 2020 · until 09 décembre 2026

Active

Ended mandates

Luca DRIJVERS

Director · since 01 juillet 2017 · until 01 juillet 2023

Ended

Serge DRIJVERS

Managing director · since 14 mars 2016 · until 13 mars 2022

Ended

Gustaaf Drijvers

Director · since 10 mars 2016 · until 31 mars 2022

Ended

SERGE DRIJVERS

Managing director · since 24 avril 2010 · until 23 avril 2016

Ended

At this address

Other companies at this address

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ALBINO● Active	0442.887.449
Campus Luitenant Coppens● Active	0899.845.145
DE AFSLUITER● Active	0434.830.313
GRANY● Active	0442.669.594
IMMOBILIERE DES CINQ VALLEES● Active	0464.924.463
IMMOVAP● Active	0456.273.350

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2025	31/07/2024	20/07/2023	29/07/2022	31/08/2021	07/11/2020
General meeting	30/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021	08/10/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/10/2020	07/11/2020	Dutch	PDF
Abridged model	31/12/2018	12/03/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	13/03/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	14/03/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	08/03/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	31/03/2015	03/08/2015	Dutch	PDF
Abridged model	31/12/2013	11/03/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	12/03/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	13/03/2012	10/07/2012	Dutch	PDF
Abridged model	31/12/2010	08/03/2011	09/06/2011	Dutch	PDF
Abridged model	31/12/2009	09/03/2010	18/03/2010	Dutch	PDF
Abridged model	31/12/2008	10/03/2009	19/03/2009	Dutch	PDF
Abridged model	31/12/2007	11/03/2008	01/04/2008	Dutch	PDF
Abridged model	31/12/2006	13/03/2007	21/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 2 active · 12 ended

Active mandates

Luca DRIJVERS

Director · since 09 décembre 2020 · until 09 décembre 2026

Active

Serge DRIJVERS

Managing director · since 09 décembre 2020 · until 09 décembre 2026

Active

Ended mandates

Luca DRIJVERS

Director · since 01 juillet 2017 · until 01 juillet 2023

Ended

Serge DRIJVERS

Managing director · since 14 mars 2016 · until 13 mars 2022

Ended

Gustaaf Drijvers

Director · since 10 mars 2016 · until 31 mars 2022

Ended

SERGE DRIJVERS

Managing director · since 24 avril 2010 · until 23 avril 2016

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office03/06/2022
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring19/02/2021
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring13/10/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring28/01/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates04/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring26/11/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring17/08/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring29/06/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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

2024
Annual accounts 2024-542,3 k €↑
2023
Annual accounts 2023-1,1 M €↑
2022
Annual accounts 2022-1,5 M €↓
2021
Annual accounts 20213,8 M €↑
2020
Annual accounts 2020307,8 k €↓
2019
Annual accounts 2019429,4 k €↑
2018
Annual accounts 2018-1,7 M €↓
2017
Annual accounts 2017-1,6 M €↓
2016
Annual accounts 2016-1,6 M €↓
2015
Annual accounts 2015296,7 k €↑
2014
Annual accounts 2014148,8 k €↓
2013
Annual accounts 2013174,2 k €↑
2012
Annual accounts 2012161,1 k €↓
2011
Annual accounts 20113,3 M €↑
2010
Annual accounts 2010106,9 k €↑
2009
Annual accounts 200930,2 k €↓
2008
Annual accounts 200841,9 k €↑
2007
Annual accounts 200715,2 k €
15/06/1990
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

DES

Overview

What does DES do?

Trend over 18 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