ACTIVE

D.L.S.V.

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Financial year 2025 · closed on 31/12/2025

Net result

43,3 k €

-3.0% YoY

Gross margin

75,3 k €

-10.5% YoY

Equity

117 k €

-32.6% YoY

What does D.L.S.V. do?

D.L.S.V. is a Public limited company incorporated in 1991. Its main activity is: Legal activities. Its registered office is in Etterbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.640.980

Incorporation

07/03/1991

Legal form

Public limited company

Registered office

Avenue de Tervueren 55 box 1
1040 Etterbeek · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

69109Legal activities· main 69109Legal activities

Joint committees (2)

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

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	75,3 k €	-10.5%	84,2 k €	-0.8%	84,9 k €	-5.3%	89,6 k €	+44.6%	62 k €	-9.4%	68,4 k €	-7.1%	73,6 k €	+5.8%	69,5 k €	+64.8%	42,2 k €	+7.6%	39,2 k €	-20.3%	49,2 k €	+21.3%	40,5 k €	-82.7%	234,1 k €	+105%	114,3 k €	-38.8%	186,6 k €	+49.4%	124,9 k €	+81.3%	68,9 k €	+511%	11,3 k €	+177%	-14,6 k €	+24.6%	-19,3 k €
EBITDA	67,4 k €	-12.9%	77,4 k €	+2.6%	75,4 k €	+1.3%	74,5 k €	+39.2%	53,5 k €	-12.0%	60,8 k €	-7.2%	65,5 k €	+1.2%	64,7 k €	+76.9%	36,6 k €	+10.6%	33,1 k €	-24.9%	44,1 k €	+24.3%	35,4 k €	-84.5%	229 k €	+91.0%	119,9 k €	+37.5%	87,2 k €	+363%	18,8 k €	+31.2%	14,4 k €	+89.0%	7,6 k €	+141%	-18,5 k €	+21.4%	-23,6 k €
Operating result	59,3 k €	+1.6%	58,4 k €	+3.2%	56,6 k €	+1.6%	55,7 k €	+63.4%	34,1 k €	-18.5%	41,8 k €	-10.6%	46,8 k €	+10.8%	42,2 k €	+369%	9 k €	+18.0%	7,6 k €	-63.8%	21,1 k €	+64.2%	12,8 k €	-92.1%	162 k €	+66.1%	97,5 k €	+63.1%	59,8 k €	+614%	-11,6 k €	+31.4%	-17 k €	-17.3%	-14,5 k €	+56.5%	-33,2 k €	+13.2%	-38,3 k €
Net result	43,3 k €	-3.0%	44,7 k €	+5.6%	42,3 k €	-7.8%	45,9 k €	+102%	22,7 k €	-15.5%	26,9 k €	-37.6%	43,1 k €	+21.6%	35,4 k €	+127%	-132,6 k €	-788%	-14,9 k €	-327%	-3,5 k €	+74.6%	-13,8 k €	-113%	107,9 k €	+69.7%	63,6 k €	+117%	29,3 k €	+218%	-24,8 k €	+15.1%	-29,2 k €	-10.2%	-26,5 k €	+28.3%	-37 k €	+29.8%	-52,7 k €
Balance sheet
Equity	117 k €	-32.6%	173,6 k €	+34.6%	129 k €	-30.9%	186,7 k €	+32.6%	140,8 k €	-35.4%	218,1 k €	+14.1%	191,2 k €	+29.1%	148,1 k €	+31.5%	112,6 k €	-54.1%	245,2 k €	-5.7%	260,1 k €	-1.3%	263,6 k €	-5.0%	277,4 k €	+63.7%	169,4 k €	+60.1%	105,8 k €	+38.2%	76,6 k €	-24.5%	101,4 k €	-22.4%	130,6 k €	-16.9%	157,1 k €	-19.1%	194,1 k €
Total assets	139,5 k €	-51.5%	287,6 k €	+17.3%	245,1 k €	+17.0%	209,5 k €	-25.2%	280,2 k €	+2.4%	273,6 k €	-10.6%	306 k €	+3.3%	296,1 k €	+7.6%	275,2 k €	-69.3%	897,6 k €	+0.3%	895,3 k €	-5.9%	951 k €	+8.4%	877 k €	+10.0%	797,5 k €	-2.5%	818,2 k €	-0.7%	824,3 k €	+126%	365 k €	+1.1%	361,2 k €	+18.9%	303,7 k €	-5.5%	321,4 k €
Cash	67,5 k €	+65.6%	40,7 k €	+42.9%	28,5 k €	-66.5%	85,1 k €	-33.4%	127,7 k €	+10.1%	116 k €	-3.3%	120 k €	+26.4%	94,9 k €	+88.2%	50,4 k €	+780%	5,7 k €	+34.2%	4,3 k €	-85.3%	29,1 k €	-69.6%	95,7 k €	+387%	19,7 k €	-31.8%	28,8 k €	+6.5%	27 k €	+511%	4,4 k €	-58.5%	10,7 k €		–		–
Debts	22,5 k €	-80.2%	113,9 k €	-1.9%	116,2 k €	+409%	22,8 k €	-83.5%	138,2 k €	+154%	54,4 k €	-52.2%	113,7 k €	-22.6%	146,9 k €	-9.0%	161,4 k €	-74.9%	642,5 k €	+2.8%	625,1 k €	-7.7%	677,3 k €	+13.2%	598,4 k €	-3.5%	620,3 k €	-11.9%	704 k €	-4.9%	740,3 k €	+182%	262,5 k €	+13.8%	230,6 k €	+57.3%	146,6 k €	+15.1%	127,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		2,0 ETP	0.0%	2,0 ETP	+33.3%	1,5 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 29 ended

Active mandates

Jonathan Debue

Director

Active

Lonel Stanica

Managing director

Active

Ended mandates

Ionel Stanica

Managing director · since 03 juillet 2017

Ended

Ionel Stanica

Director · since 03 mai 2017

Ended

Ionel Stanica

Managing director · since 03 mai 2017

Ended

Jonathan Debue

Director · since 03 mai 2017

Ended

At this address

Other companies at this address

Company	CBE no.
A.G.N.● Liquidation	0423.339.177
Association des copropriétaire de l'immeuble sis avenue de Tervueren 55 à 1040 Etterbeek● Active	0802.514.652
Comptoir d'Assurances S. Laureys - A. d'Oultremont● Liquidation	0402.201.986
FI ENGINEERING● Active	0465.537.939
GDL Consulting● Active	0556.963.409
OPTIMIZED ACCOUNTING PROCESSES● Active	0828.712.372

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	07/07/2026	03/06/2025	14/06/2024	04/07/2023	30/06/2022	25/06/2021
General meeting	30/06/2026	15/05/2025	14/06/2024	15/06/2023	19/05/2022	07/05/2021
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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	07/07/2026	French	PDF
Micro model	31/12/2024	15/05/2025	03/06/2025	French	PDF
Micro model	31/12/2023	14/06/2024	14/06/2024	French	PDF
Micro model	31/12/2022	15/06/2023	04/07/2023	French	PDF
Micro model	31/12/2021	19/05/2022	30/06/2022	French	PDF
Micro model	31/12/2020	07/05/2021	25/06/2021	French	PDF
Micro model	31/12/2019	04/05/2020	04/05/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	09/10/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	18/09/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	10/08/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	28/10/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	06/08/2013	French	PDF
Abridged model	31/12/2011	30/05/2012	30/07/2012	French	PDF
Abridged model	31/12/2010	19/05/2011	26/07/2011	French	PDF
Abridged model	31/12/2009	20/05/2010	16/08/2010	French	PDF
Abridged model	31/12/2008	22/06/2009	09/07/2009	French	PDF
Abridged model	31/12/2007	30/09/2008	30/09/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	03/07/2007	French	PDF
Abridged modelCorrection	31/12/2005	30/06/2006	05/02/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 2 active · 29 ended

Active mandates

Jonathan Debue

Director

Active

Lonel Stanica

Managing director

Active

Ended mandates

Ionel Stanica

Managing director · since 03 juillet 2017

Ended

Ionel Stanica

Director · since 03 mai 2017

Ended

Ionel Stanica

Managing director · since 03 mai 2017

Ended

Jonathan Debue

Director · since 03 mai 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other30/12/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office25/08/2017
SIEGE SOCIAL
PDF
Mandates27/06/2017
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office18/11/2011
SIEGE SOCIAL
PDF
Registered office12/06/2009
SIEGE SOCIAL
PDF
Mandates09/10/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates09/10/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2006
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
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 202543,3 k €↓
2024
Annual accounts 202444,7 k €↑
2023
Annual accounts 202342,3 k €↓
2022
Annual accounts 202245,9 k €↑
2021
Annual accounts 202122,7 k €↓
2020
Annual accounts 202026,9 k €↓
2019
Annual accounts 201943,1 k €↑
2018
Annual accounts 201835,4 k €↑
2017
Annual accounts 2017-132,6 k €↓
2016
Annual accounts 2016-14,9 k €↓
2015
Annual accounts 2015-3,5 k €↑
2014
Annual accounts 2014-13,8 k €↓
2013
Annual accounts 2013107,9 k €↑
2012
Annual accounts 201263,6 k €↑
2011
Annual accounts 201129,3 k €↑
2010
Annual accounts 2010-24,8 k €↑
2009
Annual accounts 2009-29,2 k €↓
2008
Annual accounts 2008-26,5 k €↑
2007
Annual accounts 2007-37 k €↑
2006
Annual accounts 2006-52,7 k €
07/03/1991
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.L.S.V.

Overview

What does D.L.S.V. do?

Trend over 20 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