DOREA
ActiveSummary
DOREA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30,319 and a net result of €50,487. Equity is growing by ~61.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 8968 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency58▼-4
Growth85=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.96 in 2023; short-term debt: 36.4% and cash: 52.7% of total assets), but 66.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
33.3%
Return on assets
55.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
27 d late
2022
29 d late
2021
24 d late
1992
153 d late
1991
257 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 92 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€109,336▲ 84.1%
2021 · €59,400
EBIT margin
8.5%▼ 0.3pp
2021 · 8.8%
Net result
€50,487▲ 47.7%
2023 · €34,178
Working capital
€18,195▲ 3.8%
2023 · €17,532
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€59,400-€109,336▲ 84.1%
Operating result€5,211-€9,299▲ 78.4%€46,877▲ 404%€84,355▲ 79.9%
Net result€3,063within the sector's middle half-€7,191within the sector's middle half▲ 135%€34,178within the sector's middle half▲ 375%€50,487above the sector's middle half▲ 47.7%
EBIT margin8.8%-8.5%▼ 0.3pp
Equity-€681below the sector's middle half-€6,510below the sector's middle half€29,717within the sector's middle half▲ 356%€30,319within the sector's middle half▲ 2.0%
Total assets€19,211below the sector's middle half-€38,162below the sector's middle half▲ 98.6%€81,246within the sector's middle half▲ 113%€91,135within the sector's middle half▲ 12.2%
Debt€19,892-€31,652▲ 59.1%€51,529▲ 62.8%€60,816▲ 18.0%
Working capital-€1,915below the sector's middle half-€8,555within the sector's middle half€17,532within the sector's middle half▲ 105%€18,195within the sector's middle half▲ 3.8%
Solvency-3.5%below the sector's middle half-17.1%below the sector's middle half▲ 20.6pp36.6%within the sector's middle half▲ 19.5pp33.3%within the sector's middle half▼ 3.3pp
Current ratio0.89below the sector's middle half-1.68within the sector's middle half▲ 0.791.96within the sector's middle half▲ 0.291.55within the sector's middle half▼ 0.42
Return on assets (ROA)15.9%within the sector's middle half-18.8%within the sector's middle half▲ 2.9pp42.1%above the sector's middle half▲ 23.2pp55.4%above the sector's middle half▲ 13.3pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 80% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €91,135
Fixed assets
€39,805 ▼ 12.6%
Current assets
€51,330 ▲ 43.7%
Equity and liabilities €91,135
Equity
€30,319 ▲ 2.0%
Debt
€60,816 ▲ 18.0%
Debt's share of the balance-sheet total rises from 63.4% to 66.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92,556▲
2023 · €65,158
Cash flow
€58,688▲
2023 · €52,459
Debt to equity
2.01▲
2023 · 1.73
ROE
166.5%▲
2023 · 115.0%
Interest coverage
316.97▲
2023 · 43.47
Debt ≤ 1 year
€33,135▲
2023 · €18,184
Debt > 1 year
€27,681▼
2023 · €33,345
Income taxes
€33,576▲
2023 · €11,200
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €59,400 | €109,336 | - | - | - |
| Non-recurring operating income76A | €84 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €53,810 | €94,011 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €344 | €5,090 | €18,281 | €8,201 | ▼ 55.1% |
| Other operating charges640/8 | €119 | €936 | €145 | €1,006 | ▲ 594% |
| Gross operating margin9900 | €5,674 | €15,325 | €65,303 | €93,562 | ▲ 43.3% |
| Operating profit (loss)9901 | €5,211 | €9,299 | €46,877 | €84,355 | ▲ 79.9% |
| Financial income75/76B | - | €148 | - | - | - |
| Recurring financial income75 | - | €148 | - | - | - |
| Non-recurring financial income76B | - | €148 | - | - | - |
| Financial charges65/66B | €371 | €320 | €1,499 | €292 | ▼ 80.5% |
| Recurring financial charges65 | €371 | €320 | €1,499 | €292 | ▼ 80.5% |
| Profit (loss) for the period before taxes9903 | €4,840 | €9,127 | €45,378 | €84,063 | ▲ 85.3% |
| Income taxes67/77 | €1,777 | €1,936 | €11,200 | €33,576 | ▲ 200% |
| Profit (loss) for the period9904 | €3,063 | €7,191 | €34,178 | €50,487 | ▲ 47.7% |
| Profit (loss) for the period to be appropriated9905 | €3,063 | €7,191 | €34,178 | €50,487 | ▲ 47.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €19,211 | €38,162 | €81,246 | €91,135 | ▲ 12.2% |
| Fixed assets21/28 | €3,787 | €16,986 | €45,530 | €39,805 | ▼ 12.6% |
| Tangible fixed assets22/27 | €3,787 | €16,986 | €45,530 | €39,805 | ▼ 12.6% |
| Furniture and vehicles24 | €3,787 | €16,986 | €45,530 | €39,805 | ▼ 12.6% |
| Current assets29/58 | €15,424 | €21,176 | €35,716 | €51,330 | ▲ 43.7% |
| Amounts receivable within one year40/41 | €10,554 | €14,464 | €4,847 | €3,189 | ▼ 34.2% |
| Trade receivables40 | €10,554 | €14,464 | €4,847 | €3,189 | ▼ 34.2% |
| Cash at bank and in hand54/58 | €4,870 | €6,712 | €30,687 | €48,010 | ▲ 56.5% |
| Deferred charges and accrued income490/1 | - | - | €182 | €131 | ▼ 28.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €19,211 | €38,162 | €81,246 | €91,135 | ▲ 12.2% |
| Equity10/15 | -€681 | €6,510 | €29,717 | €30,319 | ▲ 2.0% |
| Contributions10/11 | €694 | €694 | €694 | €694 | = |
| Outside capital11 | €694 | €694 | - | - | - |
| Share premium1100/10 | €694 | €694 | - | - | - |
| Reserves13 | €69 | €69 | €69 | €69 | = |
| Non-distributable reserves130/1 | €69 | €69 | €69 | €69 | = |
| Reserves not available under the articles1311 | €69 | €69 | €69 | €69 | = |
| Profit (loss) carried forward14 | -€1,444 | €5,747 | €28,954 | €29,556 | ▲ 2.1% |
| Amounts payable17/49 | €19,892 | €31,652 | €51,529 | €60,816 | ▲ 18.0% |
| Amounts payable after more than one year17 | €2,553 | €6,934 | €33,345 | €27,681 | ▼ 17.0% |
| Financial debts170/4 | €2,553 | €6,934 | €33,345 | €27,681 | ▼ 17.0% |
| Amounts payable within one year42/48 | €17,339 | €12,621 | €18,184 | €33,135 | ▲ 82.2% |
| Current portion of amounts payable after more than one year42 | €1,355 | €3,283 | €18,184 | €33,135 | ▲ 82.2% |
| Trade debts44 | €719 | €0 | - | - | - |
| Suppliers440/4 | €719 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €9,259 | €9,338 | - | - | - |
| Taxes450/3 | €6,159 | €9,338 | - | - | - |
| Remuneration and social security454/9 | €3,100 | - | - | - | - |
| Other amounts payable47/48 | €6,006 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €12,097 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,063 | €7,191 | €34,178 | €50,487 | ▲ 47.7% |
| + Depreciation and write-downs630 | €344 | €5,090 | €18,281 | €8,201 | ▼ 55.1% |
| Operating cash flow (approximation) | €3,407 | €12,281 | €52,459 | €58,688 | ▲ 11.9% |
| Investment in fixed assets (approximation) | - | -€18,289 | -€46,825 | -€2,476 | ▲ 94.7% |
| Change in cash | - | €1,842 | €23,975 | €17,323 | ▼ 27.7% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2021net €50,487 ▲47.7%
Operating result €84,355, net result €50,487, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
1993
31-12
NBB filing
Annual accounts filed
fiscal year 1992 · full schema · 153 days late
14-04
NBB filing
Annual accounts filed
fiscal year 1991 · full schema · 257 days late
04-02
NBB filing
Annual accounts filed
fiscal year 1990 · full schema · 554 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Grez-Doiceau · 1 establishment unit since 2002
Ground area
3,374 m²
Building footprint
311 m²
Volume, LiDAR
2,546 m³
2 parcels, Wallonia · tallest building 15.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DOREA SC
since 20022.112.080.077
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25743K0016/00Y005 | Wallonia | 3,211 m² | 1 · 249 m² | 15.7 m · 3 fl. |
| 25012A0172/02E000 | Wallonia | 163 m² | 1 · 62 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,907. 5,145 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
Founded01-11-1989
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438921337
Also
9925:BE0438921337
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.