DOEL
ActiveSummary
DOEL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €1k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 87% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-2
Solvency98▼-2
Growth48=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.72 against 4.81 in 2024; short-term debt: 26.5% and cash: 2.1% of total assets), and 26.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.5%
Return on assets
1.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
55 d late
2024
30 d late
2023
30 d late
2022
29 d late
2021
31 d late
2020
26 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€325k▲ 4.8%
2019 · €310k
2018: €313k
2019: €310k▼ -0.9% vs 2018lowest in 3 years
2020: €325k▲ +4.8% vs 2019highest in 3 years
2018 → 2020
EBIT margin
1.3%▲ 0.4pp
2019 · 0.9%
2018: 3.2%highest in 3 years
2019: 0.9%▼ -72.5% vs 2018lowest in 3 years
2020: 1.3%▲ +47.0% vs 2019
2018 → 2020
Net result
€1k▼ 22.9%
2024 · €2k
2018: €10khighest in 8 years
2019: €3k▼ -72.5% vs 2018
2020: €968▼ -63.7% vs 2019lowest in 8 years
2021: €2k▲ +61.1% vs 2020
2022: €2k▲ +16.6% vs 2021
2023: €1k▼ -20.0% vs 2022
2024: €2k▲ +3.6% vs 2023
2025: €1k▼ -22.9% vs 2024
2018 → 2025
Working capital
€44k▲ 3.8%
2024 · €42k
2018: €26klowest in 8 years
2019: €31k▲ +16.9% vs 2018
2020: €33k▲ +8.9% vs 2019
2021: €31k▼ -8.2% vs 2020
2022: €36k▲ +17.2% vs 2021
2023: €40k▲ +12.3% vs 2022
2024: €42k▲ +4.9% vs 2023
2025: €44k▲ +3.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€41k▲ 4.7%€42k▲ 3.6%€44k▲ 3.6%€45k▲ 2.7%
2021: €39klowest in 5 years
2022: €41k▲ +4.7% vs 2021
2023: €42k▲ +3.6% vs 2022
2024: €44k▲ +3.6% vs 2023
2025: €45k▲ +2.7% vs 2024highest in 5 years
Operating result€4k-€4k▼ 14.1%€3k▼ 20.7%€4k▲ 21.4%€4k▲ 4.2%
2021: €4khighest in 5 years
2022: €4k▼ -14.1% vs 2021
2023: €3k▼ -20.7% vs 2022lowest in 5 years
2024: €4k▲ +21.4% vs 2023
2025: €4k▲ +4.2% vs 2024
Net result€2k-€2k▲ 16.6%€1k▼ 20.0%€2k▲ 3.6%€1k▼ 22.9%
2021: €2k
2022: €2k▲ +16.6% vs 2021highest in 5 years
2023: €1k▼ -20.0% vs 2022
2024: €2k▲ +3.6% vs 2023
2025: €1k▼ -22.9% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€731 ▼ 38.8%
Current assets
€60k ▲ 12.5%
Equity and liabilities €61k
Equity
€45k ▲ 2.7%
Debt
€16k ▲ 45.5%
Debt's share of the balance-sheet total rises from 20.3% to 26.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k▲
2024 · €4k
Cash flow
€2k▼
2024 · €2k
Current ratio
3.72▼
2024 · 4.81
Quick ratio
2.47▼
2024 · 2.57
Debt to equity
0.36▲
2024 · 0.25
ROE
2.6%▼
2024 · 3.5%
ROA
1.9%▼
2024 · 2.8%
Interest coverage
2.69▼
2024 · 2.81
Debt ≤ 1 year
€16k▲
2024 · €11k
Income taxes
€1k▲
2024 · €688
Staff costs
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€55k€61k▲
Fixed assets21/28€1k€731▼
Tangible fixed assets22/27€694€231▼
Plant, machinery and equipment23€462€231▼
Furniture and vehicles24€232-
Financial fixed assets28€500€500=
Current assets29/58€53k€60k▲
Stocks and contracts in progress3€25k€20k▼
Stocks30/36€25k€20k▼
Amounts receivable within one year40/41€14k€39k▲
Trade receivables40€7k€30k▲
Other amounts receivable41€7k€9k▲
Cash at bank and in hand54/58€14k€1k▼
Equity and liabilities
Total equity and liabilities10/49€55k€61k▲
Equity10/15€44k€45k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€23k€24k▲
Amounts payable17/49€11k€16k▲
Amounts payable within one year42/48€11k€16k▲
Trade debts44€9k€5k▼
Suppliers440/4€9k€5k▼
Taxes, remuneration and social security45€2k€11k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9-€8k
Income statement
Code20242025
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€464€463▼
Other operating charges640/8€1k€365▼
Gross operating margin9900€5k€8k▲
Operating profit (loss)9901€4k€4k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€2k€2k▲
Income taxes67/77€688€1k▲
Profit (loss) for the period9904€2k€1k▼
Profit (loss) for the period to be appropriated9905€2k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€24k▲
Profit (loss) brought forward from the previous period14P€22k€23k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €21k | €6k | - | - | €3k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €3k | €464 | €463 | ▼ 0.2% |
| Other operating charges640/8 | €376 | €424 | €335 | €1k | €365 | ▼ 64.7% |
| Gross operating margin9900 | €30k | €14k | €6k | €5k | €8k | ▲ 54.6% |
| Operating profit (loss)9901 | €4k | €4k | €3k | €4k | €4k | ▲ 4.2% |
| Financial income75/76B | €0 | - | - | - | €1 | - |
| Recurring financial income75 | €0 | - | - | - | €1 | - |
| Financial charges65/66B | €2k | €2k | €1k | €1k | €2k | ▲ 8.5% |
| Recurring financial charges65 | €2k | €2k | €1k | €1k | €2k | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | €3k | €2k | €2k | €2k | €2k | ▲ 1.4% |
| Income taxes67/77 | €1k | €427 | €140 | €688 | €1k | ▲ 54.6% |
| Profit (loss) for the period9904 | €2k | €2k | €1k | €2k | €1k | ▼ 22.9% |
| Profit (loss) for the period to be appropriated9905 | €2k | €2k | €1k | €2k | €1k | ▼ 22.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €81k | €47k | €55k | €61k | ▲ 11.4% |
| Fixed assets21/28 | €8k | €5k | €2k | €1k | €731 | ▼ 38.8% |
| Intangible fixed assets21 | €2k | - | - | - | - | - |
| Tangible fixed assets22/27 | €6k | €4k | €1k | €694 | €231 | ▼ 66.7% |
| Plant, machinery and equipment23 | - | €924 | €693 | €462 | €231 | ▼ 50.0% |
| Furniture and vehicles24 | €6k | €3k | €466 | €232 | - | - |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €54k | €76k | €45k | €53k | €60k | ▲ 12.5% |
| Stocks and contracts in progress3 | €10k | €15k | €22k | €25k | €20k | ▼ 18.6% |
| Stocks30/36 | €10k | €15k | €22k | €25k | €20k | ▼ 18.6% |
| Amounts receivable within one year40/41 | €35k | €53k | €7k | €14k | €39k | ▲ 173% |
| Trade receivables40 | €27k | €43k | €3k | €7k | €30k | ▲ 304% |
| Other amounts receivable41 | €7k | €10k | €4k | €7k | €9k | ▲ 28.6% |
| Cash at bank and in hand54/58 | €9k | €8k | €15k | €14k | €1k | ▼ 91.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €81k | €47k | €55k | €61k | ▲ 11.4% |
| Equity10/15 | €39k | €41k | €42k | €44k | €45k | ▲ 2.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | - | - | - | - | - |
| Other1109/19 | €19k | - | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €18k | €20k | €22k | €23k | €24k | ▲ 5.0% |
| Amounts payable17/49 | €23k | €40k | €5k | €11k | €16k | ▲ 45.5% |
| Amounts payable within one year42/48 | €23k | €40k | €5k | €11k | €16k | ▲ 45.5% |
| Trade debts44 | €10k | €8k | €4k | €9k | €5k | ▼ 43.0% |
| Suppliers440/4 | €10k | €8k | €4k | €9k | €5k | ▼ 43.0% |
| Taxes, remuneration and social security45 | €13k | €32k | €978 | €2k | €11k | ▲ 503% |
| Taxes450/3 | €3k | €2k | €978 | €2k | €3k | ▲ 70.3% |
| Remuneration and social security454/9 | €10k | €31k | - | - | €8k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €2k | €1k | €2k | €1k | ▼ 22.9% |
| + Depreciation and write-downs630 | €4k | €5k | €3k | €464 | €463 | ▼ 0.2% |
| Operating cash flow (approximation) | €6k | €6k | €4k | €2k | €2k | ▼ 17.6% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | €0 | - |
| Change in cash | - | €-1k | €7k | €-798 | €-13k | ▼ 1,542% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity times 5current ratio 9.75
Current ratio from 1.89 to 9.75; short-term debt falls from €40k to €5k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €968 ▼63.7%
Net result drops to €968, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 7.22
Current ratio from 2.34 to 7.22; short-term debt falls from €23k to €5k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2013
Ground area
85 m²
Building footprint
75 m²
Volume, LiDAR
1,061 m³
Parcel 21363B0387/00E000, Brussels · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Doel
since 20132.221.020.282
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0387/00E000 | Brussels | 85 m² | 1 · 75 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEtterbeek2.221.020.282
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 4,592 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.