ACTIVE

D.S.R.T.

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Financial year 2025 · closed on 31/12/2025

Net result

2,5 M €

-61.6% YoY

Gross margin

231,9 k €

+161.2% YoY

Equity

43,4 M €

+6.1% YoY

Workforce

1,8 ETP

-10.0% YoY

What does D.S.R.T. do?

D.S.R.T. is a Public limited company incorporated in 2005. Its registered office is in Harelbeke. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.313.818

Incorporation

30/12/2005

Legal form

Public limited company

Registered office

Kanaalstraat 1
8530 Harelbeke · FlandreSee on map

Contributed capital

645 112,00 €

Latest accounts

31/12/2025

Average workforce

1,8 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	231,9 k €	+161%	88,8 k €	-46.7%	166,7 k €	-33.5%	250,7 k €	-58.7%	607,1 k €	-24.3%	801,6 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	21,7 k €	+156%	-38,9 k €	-252%	25,6 k €	-88.2%	216,2 k €	+691%	-36,6 k €	-114%	265,3 k €	-37.3%	423,1 k €	+14.9%	368,2 k €	-8.3%	401,4 k €	+6.7%	376,0 k €	+178%	135,4 k €	+105%	66,0 k €	+13.4%	58,2 k €	-60.7%	148,2 k €	-16.8%	178,1 k €	+86.6%	95,4 k €	+30.9%	72,9 k €	-33.9%	110,3 k €	+8.4%	101,7 k €	+172%	37,4 k €
Operating result	-92,9 k €	+4.7%	-97,5 k €	-56.4%	-62,3 k €	-157%	110,2 k €	+172%	-153,7 k €	-231%	117,1 k €	-58.2%	280,5 k €	+27.5%	219,9 k €	-27.0%	301,1 k €	+4.7%	287,5 k €	+299%	72,1 k €	+557%	11,0 k €	+61.3%	6,8 k €	-93.2%	100,4 k €	-23.7%	131,5 k €	+157%	51,2 k €	-2.9%	52,7 k €	-44.5%	95,1 k €	+8.8%	87,4 k €	+160%	33,6 k €
Net result	2,5 M €	-61.6%	6,5 M €	+442%	1,2 M €	-74.2%	4,6 M €	+56.9%	3,0 M €	+806%	326,9 k €	-70.4%	1,1 M €	+530%	175,5 k €	-88.6%	1,5 M €	+128%	674,0 k €	+287%	-359,8 k €	-169%	519,0 k €	-97.3%	19,6 M €	+5634%	341,3 k €	-25.3%	456,9 k €	-95.1%	9,3 M €	+2943%	305,6 k €	-0.9%	308,3 k €	+1.1%	304,8 k €	+4.6%	291,5 k €
Balance sheet
Equity	43,4 M €	+6.1%	40,9 M €	+18.9%	34,4 M €	+3.6%	33,2 M €	-11.6%	37,6 M €	+8.6%	34,6 M €	+1.0%	34,3 M €	+3.3%	33,2 M €	+0.9%	32,9 M €	+4.9%	31,4 M €	+2.2%	30,7 M €	-1.2%	31,0 M €	+44.4%	21,5 M €	-20.2%	27,0 M €	+1.3%	26,6 M €	-14.6%	31,2 M €	+27.4%	24,5 M €	+1.3%	24,2 M €	+1.3%	23,8 M €	+1.3%	23,5 M €
Total assets	44,1 M €	-10.2%	49,1 M €	+16.6%	42,1 M €	+3.4%	40,7 M €	+1.3%	40,2 M €	+5.8%	37,9 M €	+1.1%	37,6 M €	+3.5%	36,3 M €	+0.3%	36,2 M €	+12.2%	32,2 M €	+3.2%	31,2 M €	-1.2%	31,6 M €	-30.7%	45,6 M €	+66.3%	27,4 M €	-2.3%	28,1 M €	-10.1%	31,3 M €	+25.5%	24,9 M €	-4.3%	26,0 M €	+1.8%	25,6 M €	+4.2%	24,5 M €
Cash	297,4 k €	-57.0%	692,3 k €	-91.5%	8,1 M €	-39.1%	13,4 M €	+469%	2,4 M €	-59.8%	5,8 M €	-35.5%	9,1 M €	-27.2%	12,4 M €	+1107%	1,0 M €	+38.3%	746,2 k €	-34.1%	1,1 M €	+88.7%	599,9 k €	+2357%	24,4 k €	-60.2%	61,4 k €	+956%	5,8 k €	-20.3%	7,3 k €	-93.5%	112,4 k €	+6.6%	105,4 k €	+1.9%	103,5 k €	+847%	10,9 k €
Debts	653,6 k €	-92.0%	8,2 M €	+6.9%	7,6 M €	+1.9%	7,5 M €	+191%	2,6 M €	-22.5%	3,3 M €	+2.1%	3,3 M €	+5.1%	3,1 M €	-6.0%	3,3 M €	+269%	894,2 k €	+61.7%	553,0 k €	-6.5%	591,5 k €	-97.6%	24,1 M €	+4776%	495,1 k €	-66.6%	1,5 M €	+1372%	100,8 k €	-77.6%	450,1 k €	-75.8%	1,9 M €	+8.2%	1,7 M €	+74.3%	987,0 k €
Other
Workforce	1,8 ETP	-10.0%	2,0 ETP	0.0%	2,0 ETP	+53.8%	1,3 ETP	-80.6%	6,7 ETP	-1.5%	6,8 ETP	+21.4%	5,6 ETP	+16.7%	4,8 ETP	+20.0%	4,0 ETP	-32.2%	5,9 ETP	-7.8%	6,4 ETP	+3.2%	6,2 ETP	-11.4%	7,0 ETP	+16.7%	6,0 ETP	-3.2%	6,2 ETP	+6.9%	5,8 ETP	+5.5%	5,5 ETP	+27.9%	4,3 ETP	-10.4%	4,8 ETP	+92.0%	2,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

Rita Tanghe

Director · since 14 octobre 2022 · until 02 juin 2028

Active

Ended mandates

Désiré Stadsbader

Managing director · since 14 octobre 2022 · until 02 juin 2028

Ended

Stephanie Valcke

Director · since 30 juin 2018 · until 30 juin 2021

Ended

Désiré Stadsbader

Managing director · since 02 juin 2017 · until 02 juin 2023

Ended

Rita Tanghe

Director · since 02 juin 2017 · until 02 juin 2023

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	01/07/2026	17/07/2025	24/06/2024	05/07/2023	22/06/2022	07/07/2021
General meeting	12/06/2026	17/07/2025	07/06/2024	30/06/2023	10/06/2022	30/06/2021
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

24 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	17/07/2025	17/07/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	07/07/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	02/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	09/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	10/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	13/07/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	14/07/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	14/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	15/07/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	09/07/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	15/06/2012	Dutch	PDF
Full model	31/12/2010	06/06/2011	28/06/2011	Dutch	PDF
Full model	31/12/2009	17/05/2010	12/07/2010	Dutch	PDF
Full modelCorrection	31/12/2008	05/06/2009	03/09/2009	Dutch	PDF
Full model	31/12/2008	05/06/2009	05/06/2009	Dutch	PDF
m120-f-p	31/12/2008	30/06/2009	09/07/2009	Dutch	PDF
Full model	31/12/2007	06/06/2008	07/07/2008	Dutch	PDF
m120-f-p	31/12/2007	30/06/2008	05/09/2008	Dutch	PDF
Full model	31/12/2006	22/06/2007	12/07/2007	Dutch	PDF
m120-f-p	31/12/2006	13/07/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 15 ended

Active mandates

Rita Tanghe

Director · since 14 octobre 2022 · until 02 juin 2028

Active

Ended mandates

Désiré Stadsbader

Managing director · since 14 octobre 2022 · until 02 juin 2028

Ended

Stephanie Valcke

Director · since 30 juin 2018 · until 30 juin 2021

Ended

Désiré Stadsbader

Managing director · since 02 juin 2017 · until 02 juin 2023

Ended

Rita Tanghe

Director · since 02 juin 2017 · until 02 juin 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring31/08/2026
PARTIËLE SPLITSING — BUITENGEWONE ALGEMENE VERGADERING VAN!
PDF
Mandates21/08/2026
ZETEL, ONTSLAGEN, BENOEMINGEN
PDF
Restructuring11/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates21/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/03/2019
ONTSLAGEN - BENOEMINGEN
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 20252,5 M €↓
2024
Annual accounts 20246,5 M €↑
2023
Annual accounts 20231,2 M €↓
2022
Annual accounts 20224,6 M €↑
2021
Annual accounts 20213,0 M €↑
2020
Annual accounts 2020326,9 k €↓
2019
Annual accounts 20191,1 M €↑
2018
Annual accounts 2018175,5 k €↓
2017
Annual accounts 20171,5 M €↑
2016
Annual accounts 2016674,0 k €↑
2015
Annual accounts 2015-359,8 k €↓
2014
Annual accounts 2014519,0 k €↓
2013
Annual accounts 201319,6 M €↑
2012
Annual accounts 2012341,3 k €↓
2011
Annual accounts 2011456,9 k €↓
2010
Annual accounts 20109,3 M €↑
2009
Annual accounts 2009305,6 k €↓
2008
Annual accounts 2008308,3 k €↑
2007
Annual accounts 2007304,8 k €↑
2006
Annual accounts 2006291,5 k €
30/12/2005
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.R.T.

Overview

What does D.S.R.T. 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