ACTIVE

DSE SERVICES

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Financial year 2025 · closed on 31/12/2025

Net result

-5 k €

-118.2% YoY

Gross margin

409,6 €

-99.1% YoY

Equity

71,6 k €

-6.5% YoY

What does DSE SERVICES do?

DSE SERVICES is a Private limited company incorporated in 2008. Its main activity is: Joinery installation. Its registered office is in Sint-Gillis-Waas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0806.458.196

Incorporation

19/09/2008

Legal form

Private limited company

Registered office

Zandstraat(SP) 148
9170 Sint-Gillis-Waas · FlandreSee on map

Contributed capital

24 800,00 €

Latest accounts

31/12/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 43211Electrical installation 43211Electrical installation 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	409,6 €	-99.1%	43,1 k €	+6.0%	40,7 k €	-48.9%	79,7 k €	-14.7%	93,4 k €	-7.8%	101,3 k €	+125%	44,9 k €	-48.6%	87,5 k €	+164%	33,2 k €	-21.5%	42,3 k €	-7.4%	45,7 k €	-21.4%	58,2 k €	+0.4%	58 k €	-15.0%	68,2 k €	+144%	27,9 k €
EBITDA	-843,8 €	-102%	41,6 k €	+25.9%	33,1 k €	+588%	-6,8 k €	-168%	10 k €	-51.2%	20,5 k €	+161%	-33,5 k €	-604%	6,6 k €	+169%	-9,7 k €	-273%	5,6 k €	-42.7%	9,8 k €	-41.3%	16,7 k €	-39.4%	27,5 k €	-50.4%	55,5 k €	+190%	19,1 k €
Operating result	-1,4 k €	-103%	41,4 k €	+25.2%	33,1 k €	+588%	-6,8 k €	-168%	10 k €	-39.9%	16,6 k €	+144%	-37,8 k €	-1679%	2,4 k €	+118%	-13,4 k €	-369%	5 k €	-1.6%	5,1 k €	+119%	2,3 k €	-82.5%	13,2 k €	-68.0%	41,1 k €	+1679%	2,3 k €
Net result	-5 k €	-118%	27,2 k €	+35.3%	20,1 k €	+334%	-8,6 k €	-338%	3,6 k €	-73.3%	13,5 k €	+135%	-39,1 k €	-2256%	1,8 k €	+113%	-14,3 k €	-638%	2,7 k €	-3.8%	2,8 k €	+772%	316 €	-93.8%	5,1 k €	-78.9%	24,3 k €	+1083%	2,1 k €
Balance sheet
Equity	71,6 k €	-6.5%	76,5 k €	+55.3%	49,3 k €	+69.1%	29,1 k €	-22.8%	37,7 k €	+847%	4 k €	+142%	-9,6 k €	-132%	29,5 k €	+6.5%	27,7 k €	-34.0%	42 k €	+6.7%	39,3 k €	+7.5%	36,6 k €	+0.9%	36,2 k €	+16.4%	31,1 k €	+15.9%	26,9 k €
Total assets	78,3 k €	-24.9%	104,3 k €	+41.8%	73,6 k €	+0.4%	73,3 k €	-13.6%	84,8 k €	-11.5%	95,9 k €	-20.5%	120,6 k €	+1.2%	119,2 k €	+19.5%	99,8 k €	-7.5%	107,9 k €	-1.5%	109,5 k €	+58.9%	68,9 k €	-25.1%	92,1 k €	+12.7%	81,7 k €	-30.4%	117,4 k €
Cash	62,2 k €	+8.1%	57,6 k €	-1.5%	58,4 k €	+141%	24,2 k €	+99.2%	12,2 k €	+228%	3,7 k €	-51.1%	7,6 k €	-17.1%	9,1 k €	-10.2%	10,2 k €	-25.7%	13,7 k €	-60.0%	34,2 k €	+43.2%	23,9 k €	+83.7%	13 k €	-43.7%	23,1 k €	-48.1%	44,6 k €
Debts	6,7 k €	-75.8%	27,8 k €	+14.3%	24,3 k €	-45.0%	44,2 k €	-6.2%	47,1 k €	-48.8%	91,9 k €	-29.4%	130,1 k €	+45.1%	89,7 k €	+24.4%	72,1 k €	+9.3%	65,9 k €	-4.9%	69,3 k €	+120%	31,5 k €	-42.8%	55 k €	+10.6%	49,8 k €	-45.0%	90,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,7 ETP	+16.7%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP		–		–

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 31/12/2025 · 1 active · 1 ended

Active mandates

ERIK DE SMET

Director

Active

Ended mandates

Erik De Smet

Manager

Ended

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	30/06/2026	28/08/2025	26/09/2024	28/09/2023	27/10/2022	27/10/2021
General meeting	03/06/2026	04/06/2025	05/06/2024	07/06/2023	01/06/2022	02/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	03/06/2026	30/06/2026	Dutch	PDF
Micro model	31/12/2024	04/06/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	05/06/2024	26/09/2024	Dutch	PDF
Micro model	31/12/2022	07/06/2023	28/09/2023	Dutch	PDF
Micro model	31/12/2021	01/06/2022	27/10/2022	Dutch	PDF
Micro model	31/12/2020	02/06/2021	27/10/2021	Dutch	PDF
Micro model	31/12/2019	12/08/2020	29/10/2020	Dutch	PDF
Micro model	31/12/2018	05/06/2019	10/10/2019	Dutch	PDF
Micro model	31/12/2017	05/06/2018	26/09/2018	Dutch	PDF
Micro model	31/12/2016	07/06/2017	20/09/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	28/09/2016	Dutch	PDF
Abridged model	31/12/2014	03/06/2015	02/09/2015	Dutch	PDF
Abridged model	31/12/2013	04/06/2014	25/09/2014	Dutch	PDF
Abridged model	31/12/2012	05/06/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	06/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	02/06/2010	31/08/2010	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 31/12/2025 · 1 active · 1 ended

Active mandates

ERIK DE SMET

Director

Active

Ended mandates

Erik De Smet

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office09/05/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/01/2023
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Mandates30/09/2009
ONTSLAGEN - BENOEMINGEN
PDF
Other23/09/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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

2025
Annual accounts 2025-5 k €↓
2024
Annual accounts 202427,2 k €↑
2023
Annual accounts 202320,1 k €↑
2022
Annual accounts 2022-8,6 k €↓
2022
Name changeDSE Services
2021
Annual accounts 20213,6 k €↓
2021
Name changeBUERMAN ANTWERPEN
2018
Annual accounts 201813,5 k €↑
2017
Annual accounts 2017-39,1 k €↓
2016
Annual accounts 20161,8 k €↑
2015
Annual accounts 2015-14,3 k €↓
2014
Annual accounts 20142,7 k €↓
2013
Annual accounts 20132,8 k €↑
2012
Annual accounts 2012316 €↓
2011
Annual accounts 20115,1 k €↓
2010
Annual accounts 201024,3 k €↑
2009
Annual accounts 20092,1 k €
19/09/2008
IncorporationPrivate 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

DSE SERVICES

Overview

What does DSE SERVICES do?

Trend over 15 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