DOUIN +
ActiveSummary
DOUIN + has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.59M and a net result of €604k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+16
Solvency67▲+9
Growth72▼-2
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.47 in 2024; short-term debt: 48% and cash: 19.1% of total assets), but 57.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.3%
Return on assets
16%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
6 d early
2023
10 d late
2022
21 d late
2021
6 d late
2020
22 d early
2019
12 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€7.28M▼ 0.8%
2024 · €7.34M
2018: €4.21M
2019: €5.42M
2020: €4.64M
2021: €5.03M
2022: €5.86M
2023: €7.62M
2024: €7.34M
2018 → 2025
EBIT margin
11.4%▲ 6.3pp
2024 · 5.1%
2018: 2.7%
2019: 2.8%
2020: 4.0%
2021: 3.0%
2022: 6.5%
2023: 3.3%
2024: 5.1%
2018 → 2025
Net result
€604k▲ 143%
2024 · €249k
2018: €71k
2019: €105k
2020: €132k
2021: €102k
2022: €275k
2023: €178k
2024: €249k
2018 → 2025
Working capital
€1.33M▲ 53.2%
2024 · €868k
2018: €333k
2019: €457k
2020: €527k
2021: €521k
2022: €797k
2023: €803k
2024: €868k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.03M-€5.86M▲ 16.4%€7.62M▲ 30.1%€7.34M▼ 3.7%€7.28M▼ 0.8%
Equity€739k-€1.01M▲ 37.2%€1.04M▲ 2.8%€1.09M▲ 4.7%€1.59M▲ 46.2%
Operating result€152k-€380k▲ 150%€251k▼ 34.0%€374k▲ 49.3%€829k▲ 121%
Net result€102k-€275k▲ 170%€178k▼ 35.0%€249k▲ 39.4%€604k▲ 143%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 121% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.77M
Fixed assets
€631k ▲ 9.6%
Current assets
€3.14M ▲ 15.1%
Equity and liabilities €3.77M
Equity
€1.59M ▲ 46.2%
Provisions
€142k ▼ 0.4%
Debt
€2.03M ▼ 1.8%
Debt's share of the balance-sheet total falls from 62.7% to 53.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€980k▲
2024 · €526k
Cash flow
€755k▲
2024 · €400k
Current ratio
1.74▲
2024 · 1.47
Quick ratio
1.63▲
2024 · 1.37
Debt to equity
1.27▼
2024 · 1.90
ROE
37.8%▲
2024 · 22.8%
ROA
16.0%▲
2024 · 7.5%
Interest coverage
41.58▲
2024 · 16.66
Debt ≤ 1 year
€1.81M▼
2024 · €1.86M
Debt > 1 year
€175k▲
2024 · €132k
Income taxes
€205k▲
2024 · €95k
Staff costs
€2.64M▼
2024 · €2.74M
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 · 69 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.30M€3.77M▲
Fixed assets21/28€575k€631k▲
Tangible fixed assets22/27€468k€503k▲
Land and buildings22€114k€108k▼
Plant, machinery and equipment23€67k€62k▼
Furniture and vehicles24€115k€70k▼
Leasing and similar rights25€172k€263k▲
Financial fixed assets28€107k€128k▲
Current assets29/58€2.73M€3.14M▲
Stocks and contracts in progress3€186k€193k▲
Stocks30/36€186k€193k▲
Amounts receivable within one year40/41€2.04M€2.22M▲
Trade receivables40€1.92M€2.14M▲
Other amounts receivable41€122k€80k▼
Cash at bank and in hand54/58€439k€721k▲
Deferred charges and accrued income490/1€65k€5k▼
Equity and liabilities
Total equity and liabilities10/49€3.30M€3.77M▲
Equity10/15€1.09M€1.59M▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€135k€35k▼
Non-distributable reserves130/1€125k€25k▼
Legal reserve130€25k€25k=
Other1319€100k-
Tax-exempt reserves132€10k€10k=
Profit (loss) carried forward14€706k€1.31M▲
Provisions and deferred taxes16€142k€142k▼
Provisions for liabilities and charges160/5€142k€142k▼
Other liabilities and charges164/5€142k€142k▼
Amounts payable17/49€2.07M€2.03M▼
Amounts payable after more than one year17€132k€175k▲
Financial debts170/4€132k€175k▲
Amounts payable within one year42/48€1.86M€1.81M▼
Current portion of amounts payable after more than one year42€91k€105k▲
Financial debts43€250k-
Credit institutions430/8€250k-
Trade debts44€892k€1.16M▲
Suppliers440/4€892k€1.16M▲
Taxes, remuneration and social security45€381k€450k▲
Taxes450/3€131k€170k▲
Remuneration and social security454/9€251k€280k▲
Other amounts payable47/48€246k€96k▼
Accrued charges and deferred income492/3€78k€49k▼
Income statement
Code20242025
Turnover70€7.34M€7.28M▼
Non-recurring operating income76A€12k€4k▼
Goods, raw materials, services and sundry goods60/61€4.02M€3.64M▼
Remuneration, social security and pensions62€2.74M€2.64M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151k€151k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-5k€-521▲
Other operating charges640/8€25k€21k▼
Non-recurring operating charges66A€26k€3k▼
Gross operating margin9900€3.33M€3.64M▲
Operating profit (loss)9901€374k€829k▲
Financial income75/76B€535€3k▲
Recurring financial income75€535€3k▲
Financial charges65/66B€32k€24k▼
Recurring financial charges65€32k€24k▼
Profit (loss) for the period before taxes9903€343k€809k▲
Income taxes67/77€95k€205k▲
Profit (loss) for the period9904€249k€604k▲
Profit (loss) for the period to be appropriated9905€249k€604k▲
Appropriation of the result
Profit (loss) to be appropriated9906€906k€1.31M▲
Profit (loss) brought forward from the previous period14P€657k€706k▲
Transfer from equity791/2-€100k
Profit to be distributed694/7€200k€100k▼
Return on contributions (dividend)694€200k€100k▼
Social balance
Average headcount (FTE)908749.945.1▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
State Gazette act
Resignations: Luc DOUIN (managing director) and Claude DOUIN (managing director)Appointments: PICOUNE LD SRL, JSR CONSULT SRL and MAYARI SRL · Permanent representatives: Luc DOUIN, Salvatore RIZZO and Juan RIZZO DI CARLO9 facts ▸
State Gazette act
Resignations: Luc DOUIN (managing director) and Claude DOUIN (managing director)
Appointments: PICOUNE LD SRL, JSR CONSULT SRL and MAYARI SRL · Permanent representatives: Luc DOUIN, Salvatore RIZZO and Juan RIZZO DI CARLO9 facts ▸
- General meeting, 13/07/2026
- Director resignation, Luc DOUIN (managing director)
- Director resignation, Claude DOUIN (managing director)
- Director appointment, PICOUNE LD SRL (director)
- Permanent representative, Luc DOUIN (managing director)
- Director appointment, JSR CONSULT SRL (director)
- Permanent representative, Salvatore RIZZO (managing director)
- Director appointment, MAYARI SRL (director)
- Permanent representative, Juan RIZZO DI CARLO (managing director)
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €604k ▲143%
Operating result €829k, net result €604k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 10 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
31-12
Financial
Equity above €1MEq €1.01M ▲37.2%
5 profitable years in a row build equity to €1.01M.
06-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 6 days late
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 12 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 14 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 9 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
JSR CONSULT
CurrentDirector · since 13-07-2026 · Private limited company · perm. rep.: Salvatore RIZZO
MAYARI
CurrentDirector · since 13-07-2026 · Private limited company · perm. rep.: Juan RIZZO DI CARLO
15-08-2026
Claude DOUIN: Resigned as Managing director
13-07-2026
JSR CONSULT: Appointed as Director
13-07-2026
MAYARI: Appointed as Director
13-07-2026
Luc DOUIN: Resigned as Managing director
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Bellenay 98-1004040 HerstalGround area
62 m²
Building footprint
85 m²
Volume, LiDAR
553 m³
Parcel 62051C0240/00V002, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DOUIN +
since 19952.072.815.962
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62051C0240/00V002 | Wallonia | 62 m² | 1 · 85 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared corporate director
→
Recognitions · licences · registrations
Recognised contractor
3 categoriesDOUIN + SA27527
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 2,399 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-07-1995
Fiscal year end31-12
Activities, NACEBEL 2025
25210Manufacture of fabricated metal products, except machinery and equipment
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.