DOETOE
ActiveSummary
DOETOE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €-4k. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-6
Solvency50▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.52 in 2024; short-term debt: 69.4% and cash: 6.9% of total assets), and 75.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
24.9%
Return on assets
-3.6%
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 28-08-2026, 28 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
28 d late
2024
26 d late
2023
30 d late
2022
30 d late
2021
47 d early
2020
31 d late
2019
27 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
Equity
€29k▼ 12.7%
2024 · €33k
2018: €45k
2019: €50k▲ +12.3% vs 2018
2020: €49k▼ -2.5% vs 2019
2021: €54k▲ +9.6% vs 2020highest in 8 years
2022: €42k▼ -22.5% vs 2021
2023: €33k▼ -20.0% vs 2022
2024: €33k▼ -1.8% vs 2023
2025: €29k▼ -12.7% vs 2024lowest in 8 years
2018 → 2025
Total assets
€115k▼ 10.5%
2024 · €129k
2018: €122k
2019: €127k▲ +4.3% vs 2018
2020: €118k▼ -7.4% vs 2019
2021: €136k▲ +15.1% vs 2020
2022: €139k▲ +2.7% vs 2021
2023: €151k▲ +8.6% vs 2022highest in 8 years
2024: €129k▼ -14.9% vs 2023
2025: €115k▼ -10.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€-4k
2024 · €1k
2018: €4k
2019: €6k▲ +59.2% vs 2018highest in 8 years
2020: €-1k▼ -120% vs 2019
2021: €6k▲ +607% vs 2020
2022: €-11k▼ -267% vs 2021lowest in 8 years
2023: €-7k▲ +35.6% vs 2022
2024: €1k▲ +115% vs 2023
2025: €-4k▼ -513% vs 2024
2018 → 2025
Working capital
€-35k▲ 13.3%
2024 · €-40k
2018: €-28k
2019: €-22k▲ +21.1% vs 2018
2020: €-27k▼ -22.2% vs 2019
2021: €-25k▲ +7.0% vs 2020
2022: €-6k▲ +77.6% vs 2021highest in 8 years
2023: €-47k▼ -734% vs 2022lowest in 8 years
2024: €-40k▲ +15.2% vs 2023
2025: €-35k▲ +13.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€42k▼ 22.5%€33k▼ 20.0%€33k▼ 1.8%€29k▼ 12.7%
2021: €54khighest in 5 years
2022: €42k▼ -22.5% vs 2021
2023: €33k▼ -20.0% vs 2022
2024: €33k▼ -1.8% vs 2023
2025: €29k▼ -12.7% vs 2024lowest in 5 years
Operating result€6k-€-9k€-4k▲ 51.8%€2k€-3k
2021: €6khighest in 5 years
2022: €-9k▼ -244% vs 2021lowest in 5 years
2023: €-4k▲ +51.8% vs 2022
2024: €2k▲ +152% vs 2023
2025: €-3k▼ -237% vs 2024
Net result€6k-€-11k€-7k▲ 35.6%€1k€-4k
2021: €6khighest in 5 years
2022: €-11k▼ -267% vs 2021lowest in 5 years
2023: €-7k▲ +35.6% vs 2022
2024: €1k▲ +115% vs 2023
2025: €-4k▼ -513% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115k
Fixed assets
€70k ▼ 19.0%
Current assets
€45k ▲ 6.6%
Equity and liabilities €115k
Equity
€29k ▼ 12.7%
Debt
€87k ▼ 9.8%
Debt's share of the balance-sheet total rises from 74.5% to 75.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €18k
Cash flow
€12k▼
2024 · €17k
Current ratio
0.57▲
2024 · 0.52
Quick ratio
0.14▲
2024 · 0.11
Debt to equity
3.02▲
2024 · 2.92
ROE
-14.5%▼
2024 · 3.1%
ROA
-3.6%▼
2024 · 0.8%
Interest coverage
7.49▼
2024 · 8.25
Debt ≤ 1 year
€80k▼
2024 · €83k
Debt > 1 year
€7k▼
2024 · €13k
Income taxes
€176▲
2024 · €167
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€129k€115k▼
Fixed assets21/28€86k€70k▼
Tangible fixed assets22/27€86k€70k▼
Land and buildings22€52k€46k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€31k€22k▼
Current assets29/58€43k€45k▲
Stocks and contracts in progress3€34k€34k=
Stocks30/36€34k€34k=
Amounts receivable within one year40/41€1k€4k▲
Trade receivables40€1k€4k▲
Cash at bank and in hand54/58€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€129k€115k▼
Equity10/15€33k€29k▼
Contributions10/11€19k€19k=
Reserves13€14k€10k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€12k€8k▼
Amounts payable17/49€96k€87k▼
Amounts payable after more than one year17€13k€7k▼
Financial debts170/4€13k€7k▼
Amounts payable within one year42/48€83k€80k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Financial debts43€30k€30k=
Credit institutions430/8-€30k
Other loans439€30k-
Trade debts44€17k€20k▲
Suppliers440/4€17k€20k▲
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48€25k€21k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▲
Other operating charges640/8€884€2k▲
Gross operating margin9900€19k€15k▼
Operating profit (loss)9901€2k€-3k▼
Financial income75/76B€1k€919▼
Recurring financial income75€1k€919▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€1k€-4k▼
Income taxes67/77€167€176▲
Profit (loss) for the period9904€1k€-4k▼
Profit (loss) for the period to be appropriated9905€1k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-4k▼
Transfer from equity791/2€589€4k▲
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €51 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €10k | €15k | €16k | €16k | ▲ 1.0% |
| Other operating charges640/8 | €1k | €1k | €1k | €884 | €2k | ▲ 92.6% |
| Gross operating margin9900 | €16k | €2k | €12k | €19k | €15k | ▼ 23.1% |
| Operating profit (loss)9901 | €6k | €-9k | €-4k | €2k | €-3k | ▼ 237% |
| Financial income75/76B | €2k | €1k | €1k | €1k | €919 | ▼ 18.0% |
| Recurring financial income75 | €2k | €1k | €1k | €1k | €919 | ▼ 18.0% |
| Financial charges65/66B | €2k | €3k | €3k | €2k | €2k | ▼ 21.4% |
| Recurring financial charges65 | €2k | €3k | €3k | €2k | €2k | ▼ 21.4% |
| Profit (loss) for the period before taxes9903 | €6k | €-11k | €-7k | €1k | €-4k | ▼ 439% |
| Income taxes67/77 | - | - | €102 | €167 | €176 | ▲ 5.5% |
| Profit (loss) for the period9904 | €6k | €-11k | €-7k | €1k | €-4k | ▼ 513% |
| Profit (loss) for the period to be appropriated9905 | €6k | €-11k | €-7k | €1k | €-4k | ▼ 513% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136k | €139k | €151k | €129k | €115k | ▼ 10.5% |
| Fixed assets21/28 | €80k | €75k | €100k | €86k | €70k | ▼ 19.0% |
| Tangible fixed assets22/27 | €80k | €75k | €100k | €86k | €70k | ▼ 19.0% |
| Land and buildings22 | €70k | €64k | €58k | €52k | €46k | ▼ 11.1% |
| Plant, machinery and equipment23 | €6k | €9k | €4k | €3k | €1k | ▼ 51.3% |
| Furniture and vehicles24 | €4k | €2k | €38k | €31k | €22k | ▼ 29.0% |
| Current assets29/58 | €56k | €65k | €51k | €43k | €45k | ▲ 6.6% |
| Stocks and contracts in progress3 | €34k | €33k | €34k | €34k | €34k | = |
| Stocks30/36 | €34k | €33k | €34k | €34k | €34k | = |
| Amounts receivable within one year40/41 | €15k | €10k | €15k | €1k | €4k | ▲ 139% |
| Trade receivables40 | €13k | €10k | €15k | €1k | €4k | ▲ 139% |
| Other amounts receivable41 | €2k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €7k | €22k | €2k | €7k | €8k | ▲ 10.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136k | €139k | €151k | €129k | €115k | ▼ 10.5% |
| Equity10/15 | €54k | €42k | €33k | €33k | €29k | ▼ 12.7% |
| Contributions10/11 | €20k | €20k | €20k | €19k | €19k | = |
| Reserves13 | €33k | €21k | €13k | €14k | €10k | ▼ 29.2% |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Distributable reserves133 | €33k | €21k | €13k | €12k | €8k | ▼ 33.6% |
| Amounts payable17/49 | €82k | €97k | €118k | €96k | €87k | ▼ 9.8% |
| Amounts payable after more than one year17 | - | €26k | €20k | €13k | €7k | ▼ 51.2% |
| Financial debts170/4 | - | €26k | €20k | €13k | €7k | ▼ 51.2% |
| Amounts payable within one year42/48 | €81k | €70k | €98k | €83k | €80k | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | - | €6k | €6k | €7k | €7k | ▲ 4.1% |
| Financial debts43 | €30k | €30k | €30k | €30k | €30k | = |
| Credit institutions430/8 | - | - | - | - | €30k | - |
| Other loans439 | €30k | €30k | €30k | €30k | - | - |
| Trade debts44 | €34k | €14k | €22k | €17k | €20k | ▲ 15.1% |
| Suppliers440/4 | €34k | €14k | €22k | €17k | €20k | ▲ 15.1% |
| Taxes, remuneration and social security45 | €4k | €3k | €5k | €4k | €2k | ▼ 41.7% |
| Taxes450/3 | €4k | €3k | €5k | €4k | €2k | ▼ 41.7% |
| Other amounts payable47/48 | €13k | €17k | €35k | €25k | €21k | ▼ 15.4% |
| Accrued charges and deferred income492/3 | €840 | €840 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €-11k | €-7k | €1k | €-4k | ▼ 513% |
| + Depreciation and write-downs630 | €8k | €10k | €15k | €16k | €16k | ▲ 1.0% |
| Operating cash flow (approximation) | €14k | €-532 | €8k | €17k | €12k | ▼ 29.2% |
| Investment in fixed assets (approximation) | - | €-5k | €-41k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €15k | €-20k | €5k | €741 | ▼ 85.8% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Highest result since 2018net €6k ▲59.2%
Net result €6k, the highest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Harelbeke · 1 establishment unit since 2001
Ground area
802 m²
Building footprint
141 m²
Volume, LiDAR
806 m³
Parcel 34013A1250/00L003, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gulden-Sporenstraat 120, 8530 Harelbeke
since 20012.093.256.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A1250/00L003 | Flanders | 802 m² | 1 · 141 m² | 8.6 m · 2 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.
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 536 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
Founded18-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.