ACTIVE

DSA

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Financial year 2025 · closed on 31/07/2025

Net result

5,1 k €

-60.7% YoY

Gross margin

20,7 k €

-36.1% YoY

Equity

179,7 k €

+2.9% YoY

What does DSA do?

DSA is a Public limited company incorporated in 1993. Its main activity is: Manufacture of other food products n.e.c.. Its registered office is in Oosterzele.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.613.093

Incorporation

07/12/1993

Legal form

Public limited company

Registered office

Geraardsbergse steenweg 175
9860 Oosterzele · FlandreSee on map

Contributed capital

93 000,00 €

Latest accounts

31/07/2025

Activities (NACE)

10890Manufacture of other food products n.e.c.· main 10890Manufacture of other food products n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	20,7 k €	-36.1%	32,4 k €	+19.0%	27,2 k €	-28.0%	37,8 k €	+6.5%	35,5 k €	+37.7%	25,8 k €	+4.9%	24,6 k €	+19.4%	20,6 k €	+4.8%	19,7 k €	-54.5%	43,2 k €	+18.8%	36,3 k €	+46.5%	24,8 k €	-36.1%	38,8 k €	+66.2%	23,3 k €	+23.8%	18,8 k €	+46.5%	12,9 k €	-21.9%	16,5 k €
EBITDA	18,6 k €	-37.9%	29,9 k €	+17.1%	25,5 k €	-29.6%	36,3 k €	+7.0%	33,9 k €	+36.8%	24,8 k €	+4.1%	23,8 k €	+28.0%	18,6 k €	+1.7%	18,3 k €	-56.2%	41,8 k €	+19.3%	35 k €	+49.3%	23,5 k €	-37.5%	37,5 k €	+68.3%	22,3 k €	+25.5%	17,8 k €	+49.2%	11,9 k €	-21.5%	15,2 k €
Operating result	8,5 k €	-57.9%	20,2 k €	+53.8%	13,1 k €	-40.2%	22 k €	+7.4%	20,5 k €	+78.9%	11,4 k €	-22.9%	14,8 k €	+27.7%	11,6 k €	-6.4%	12,4 k €	-65.3%	35,8 k €	+26.9%	28,2 k €	+71.6%	16,4 k €	-45.0%	29,9 k €	+84.5%	16,2 k €	+32.8%	12,2 k €	+95.0%	6,3 k €	-37.6%	10 k €
Net result	5,1 k €	-60.7%	12,9 k €	+126%	5,7 k €	-53.4%	12,3 k €	+3.1%	11,9 k €	+147%	4,8 k €	-39.3%	7,9 k €	+69.8%	4,7 k €	+88.2%	2,5 k €	-92.3%	32,1 k €	+38.3%	23,2 k €	+266%	6,3 k €	-76.4%	26,9 k €	+110%	12,8 k €	+37.7%	9,3 k €	+161%	3,6 k €	-40.1%	6 k €
Balance sheet
Equity	179,7 k €	+2.9%	174,6 k €	+8.0%	161,7 k €	+3.7%	155,9 k €	+8.6%	143,7 k €	+9.0%	131,7 k €	+3.8%	126,9 k €	+6.7%	119 k €	+4.1%	114,3 k €	+14.2%	100,1 k €	+128%	43,8 k €	+113%	20,6 k €	+44.4%	14,3 k €	+213%	-12,6 k €	+50.4%	-25,4 k €	+26.8%	-34,7 k €	+9.3%	-38,3 k €
Total assets	301,5 k €	-4.4%	315,5 k €	+11.6%	282,8 k €	+1.4%	278,9 k €	+3.5%	269,6 k €	+6.2%	254 k €	+0.5%	252,8 k €	+3.4%	244,6 k €	+0.4%	243,5 k €	+6.2%	229,4 k €	+23.6%	185,6 k €	+16.3%	159,5 k €	+0.4%	158,9 k €	+18.0%	134,6 k €	+9.1%	123,4 k €	+6.3%	116,1 k €	+18.4%	98,1 k €
Cash	134,1 k €	-7.7%	145,3 k €	+22.0%	119,1 k €	+6.7%	111,6 k €	+20.4%	92,7 k €	+51.4%	61,2 k €	-5.0%	64,4 k €	-12.6%	73,6 k €	-36.5%	116 k €	-26.5%	157,8 k €	+40.9%	112 k €	+40.4%	79,8 k €	+19.3%	66,9 k €	+40.8%	47,5 k €	+42.5%	33,3 k €	+53.6%	21,7 k €	+96.2%	11,1 k €
Debts	121,8 k €	-13.5%	140,9 k €	+16.3%	121,1 k €	-1.5%	123 k €	-2.4%	126 k €	+3.0%	122,2 k €	-2.9%	125,9 k €	+0.2%	125,6 k €	-2.8%	129,2 k €	-0.0%	129,3 k €	-8.8%	141,8 k €	+2.1%	138,9 k €	-4.0%	144,6 k €	-1.8%	147,3 k €	-1.1%	148,9 k €	-1.3%	150,8 k €	+10.6%	136,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/07/2025 · 3 active · 12 ended

Active mandates

Ann DE SPIEGELEER

Managing director · since 11 décembre 2023 · until 30 novembre 2029

Active

Geert DE SPIEGELEER

Director · since 11 décembre 2023 · until 30 novembre 2029

Active

Liliane BATJOENS

Director · since 11 décembre 2023 · until 30 novembre 2029

Active

Ended mandates

Ann De Spiegeleer

Managing director · since 24 novembre 2017 · until 24 novembre 2023

Ended

Geert De Spiegeleer

Director · since 24 novembre 2017 · until 24 novembre 2013

Ended

Liliane Batjoens

Director · since 24 novembre 2017 · until 24 novembre 2023

Ended

Ann De Spiegeleer

Managing director · since 25 novembre 2011 · until 25 novembre 2017

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Micro model	Abridged model	Abridged model
Start of the financial year	01/08/2024	01/08/2023	01/08/2022	01/08/2021	01/08/2020	01/08/2019
Closing of the financial year	31/07/2025	31/07/2024	31/07/2023	31/07/2022	31/07/2021	31/07/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/12/2025	28/02/2025	02/11/2023	11/11/2022	03/12/2021	30/09/2020
General meeting	15/11/2025	27/02/2025	25/10/2023	09/11/2022	30/11/2021	17/09/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/07/2025	15/11/2025	23/12/2025	Dutch	PDF
Micro model	31/07/2024	27/02/2025	28/02/2025	Dutch	PDF
Abridged model	31/07/2023	25/10/2023	02/11/2023	Dutch	PDF
Micro model	31/07/2022	09/11/2022	11/11/2022	Dutch	PDF
Abridged model	31/07/2021	30/11/2021	03/12/2021	Dutch	PDF
Abridged model	31/07/2020	17/09/2020	30/09/2020	Dutch	PDF
Abridged model	31/07/2019	14/11/2019	18/11/2019	Dutch	PDF
Abridged model	31/07/2018	07/11/2018	15/11/2018	Dutch	PDF
Abridged model	31/07/2017	24/10/2017	02/11/2017	Dutch	PDF
Abridged model	31/07/2015	30/11/2015	01/12/2015	Dutch	PDF
Abridged model	31/07/2013	05/11/2013	06/11/2013	Dutch	PDF
Abridged model	31/07/2012	17/11/2012	24/04/2013	Dutch	PDF
Abridged model	31/07/2011	24/11/2011	25/11/2011	Dutch	PDF
Abridged model	31/07/2010	10/12/2010	08/01/2011	Dutch	PDF
Abridged model	31/07/2009	28/12/2009	31/12/2009	Dutch	PDF
Abridged model	31/07/2008	22/12/2008	10/01/2009	Dutch	PDF
Abridged model	31/07/2007	05/01/2008	21/01/2008	Dutch	PDF
Abridged model	31/07/2006	03/01/2007	26/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/07/2025 · 3 active · 12 ended

Active mandates

Ann DE SPIEGELEER

Managing director · since 11 décembre 2023 · until 30 novembre 2029

Active

Geert DE SPIEGELEER

Director · since 11 décembre 2023 · until 30 novembre 2029

Active

Liliane BATJOENS

Director · since 11 décembre 2023 · until 30 novembre 2029

Active

Ended mandates

Ann De Spiegeleer

Managing director · since 24 novembre 2017 · until 24 novembre 2023

Ended

Geert De Spiegeleer

Director · since 24 novembre 2017 · until 24 novembre 2013

Ended

Liliane Batjoens

Director · since 24 novembre 2017 · until 24 novembre 2023

Ended

Ann De Spiegeleer

Managing director · since 25 novembre 2011 · until 25 novembre 2017

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20255,1 k €↓
2024
Annual accounts 202412,9 k €↑
2023
Annual accounts 20235,7 k €↓
2022
Annual accounts 202212,3 k €↑
2021
Annual accounts 202111,9 k €↑
2020
Annual accounts 20204,8 k €↓
2019
Annual accounts 20197,9 k €↑
2018
Annual accounts 20184,7 k €↑
2017
Annual accounts 20172,5 k €↓
2015
Annual accounts 201532,1 k €↑
2013
Annual accounts 201323,2 k €↑
2012
Annual accounts 20126,3 k €↓
2011
Annual accounts 201126,9 k €↑
2010
Annual accounts 201012,8 k €↑
2009
Annual accounts 20099,3 k €↑
2008
Annual accounts 20083,6 k €↓
2007
Annual accounts 20076 k €
07/12/1993
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

DSA

Overview

What does DSA do?

Trend over 17 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

Similar companies

Similar companies

Timeline