DUA NET
ActiveSummary
DUA NET has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€80,557) and a net result of €34,622. Equity is shrinking by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 4709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+51
Solvency0▼-39
Growth72▼-13
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.33 in 2024; short-term debt: 131% and cash: 19.8% of total assets), and equity is negative.
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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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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
-31%
Return on assets
13.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4709 sector peers (2025).
NBB · sector comparisonPosition among 4709 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
83 d early
2023
70 d early
2022
136 d early
2021
229 d late
2020
263 d late
2019
354 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 84 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
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. Usually files around 23 May (4 of the last 5 filed years within 98 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€1.3m▲ 42.1%
2023 · €907,413
EBIT margin
3.3%▲ 199.2pp
2023 · -195.9%
Net result
€34,622
2024 · -€5,011
Working capital
-€162,908▼ 0.7%
2024 · -€161,825
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20212022202320242025
Turnover€436,499▲ 62.3%€907,413€1.3m▲ 42.1%
Operating result€5,477▼ 81.2%€261,283▲ 4,670%-€1.8m€42,749€37,768▼ 11.7%
Net result€5,477within the sector's middle half▼ 81.2%€260,852above the sector's middle half▲ 4,662%-€1.8mbelow the sector's middle half-€5,011below the sector's middle half▲ 99.7%€34,622above the sector's middle half
EBIT margin1.3%▼ 9.6pp-195.9%3.3%▲ 199.2pp
Equity€5,477below the sector's middle half▼ 81.2%€5,477below the sector's middle half=€492,659within the sector's middle half▲ 8,894%€45,918below the sector's middle half▼ 90.7%-€80,557below the sector's middle half
Total assets€808,410within the sector's middle half▲ 120%€2.5mabove the sector's middle half▲ 213%€3.4mwithin the sector's middle half▲ 33.1%€332,785below the sector's middle half▼ 90.1%€260,213within the sector's middle half▼ 21.8%
Debt€802,932▲ 137%€2.5m▲ 214%€2.9m▲ 13.8%€286,867▼ 90.0%€340,770▲ 18.8%
Working capital-€260,511below the sector's middle half▼ 59.5%-€669,744below the sector's middle half▼ 157%€5,062within the sector's middle half-€161,825below the sector's middle half-€162,908below the sector's middle half▼ 0.7%
Solvency0.7%below the sector's middle half▼ 7.2pp0.2%below the sector's middle half▼ 0.5pp14.6%below the sector's middle half▲ 14.4pp13.8%below the sector's middle half▼ 0.8pp-31.0%below the sector's middle half▼ 44.8pp
Current ratio0.68below the sector's middle half▲ 0.160.73below the sector's middle half▲ 0.061.00within the sector's middle half▲ 0.270.33below the sector's middle half▼ 0.670.52below the sector's middle half▲ 0.19
Return on assets (ROA)0.7%within the sector's middle half▼ 7.2pp10.3%within the sector's middle half▲ 9.6pp-52.9%below the sector's middle half▼ 63.2pp-1.5%below the sector's middle half▲ 51.4pp13.3%within the sector's middle half▲ 14.8pp
Staff (FTE)10within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result +4,662% on 2021. The accounts now follow the abbreviated schema, last year the full schema.
- 2021 Turnover +62% on 2020. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260,213
Fixed assets
€82,351 ▼ 67.4%
Current assets
€177,862 ▲ 122%
Key figures and ratios
EBITDA
€60,041
Cash flow
€56,896
Debt to equity
-4.23▼
2024 · 6.25
Interest coverage
19.09
Debt ≤ 1 year
€340,770▲
2024 · €241,878
Staff costs
€261,482▲
2024 · €168,642
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,640 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €436,499 | - | €907,413 | €1.4m | - | - |
| Turnover70 | €436,499 | - | €907,413 | €1.3m | - | - |
| Other operating income74 | - | - | - | €112,920 | - | - |
| Operating charges60/66A | €431,021 | - | €2.7m | €1.4m | - | - |
| Goods for resale, raw materials and consumables60 | €46,185 | - | €65,962 | €169,782 | - | - |
| Purchases600/8 | €46,185 | - | €65,962 | €169,782 | - | - |
| Services and other goods61 | €298,028 | - | €587,283 | €965,294 | - | - |
| Remuneration, social security and pensions62 | €84,826 | €93,413 | €185,231 | €168,642 | €261,482 | ▲ 55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €22,273 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1.8m | - | - | - |
| Other operating charges640/8 | €1,982 | €4,389 | €6,662 | €55,492 | €11,001 | ▼ 80.2% |
| Gross operating margin9900 | - | €359,085 | - | - | €332,523 | - |
| Operating profit (loss)9901 | €5,477 | €261,283 | -€1.8m | €42,749 | €37,768 | ▼ 11.7% |
| Financial charges65/66B | - | €431 | - | - | €3,145 | - |
| Recurring financial charges65 | - | €431 | - | - | €3,145 | - |
| Profit (loss) for the period before taxes9903 | €5,477 | €260,852 | -€1.8m | €42,749 | €34,622 | ▼ 19.0% |
| Income taxes67/77 | - | - | - | €47,760 | - | - |
| Taxes670/3 | - | - | - | €47,760 | - | - |
| Profit (loss) for the period9904 | €5,477 | €260,852 | -€1.8m | -€5,011 | €34,622 | ▲ 791% |
| Profit (loss) for the period to be appropriated9905 | €5,477 | €260,852 | -€1.8m | -€5,011 | €34,622 | ▲ 791% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €808,410 | €2.5m | €3.4m | €332,785 | €260,213 | ▼ 21.8% |
| Formation expenses20 | €52,496 | - | - | - | - | - |
| Fixed assets21/28 | €213,493 | €675,222 | €549,873 | €252,732 | €82,351 | ▼ 67.4% |
| Intangible fixed assets21 | €29,091 | €29,091 | - | - | - | - |
| Tangible fixed assets22/27 | €184,402 | €646,131 | €549,873 | €252,732 | €82,351 | ▼ 67.4% |
| Plant, machinery and equipment23 | €176,214 | €270,836 | - | - | - | - |
| Furniture and vehicles24 | €8,188 | €120,290 | €176,790 | €128,293 | €82,351 | ▼ 35.8% |
| Leasing and similar rights25 | - | €255,005 | €373,083 | €124,440 | - | - |
| Current assets29/58 | €542,421 | €1.9m | €2.8m | €80,053 | €177,862 | ▲ 122% |
| Stocks and contracts in progress3 | €536,943 | €1.8m | - | - | - | - |
| Stocks30/36 | €536,943 | €1.8m | - | - | - | - |
| Goods purchased for resale34 | €536,943 | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | €1.8m | - | €126,441 | - |
| Trade receivables40 | - | - | €1.8m | - | €126,070 | - |
| Other amounts receivable41 | - | - | - | - | €372 | - |
| Cash at bank and in hand54/58 | - | - | €977,549 | €80,053 | €51,421 | ▼ 35.8% |
| Deferred charges and accrued income490/1 | €5,477 | €12,271 | €12,269 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €808,410 | €2.5m | €3.4m | €332,785 | €260,213 | ▼ 21.8% |
| Equity10/15 | €5,477 | €5,477 | €492,659 | €45,918 | -€80,557 | ▼ 275% |
| Contributions10/11 | - | - | - | - | €18,600 | - |
| Reserves13 | - | - | - | - | €26,610 | - |
| Non-distributable reserves130/1 | - | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Tax-exempt reserves132 | - | - | - | - | €22,273 | - |
| Distributable reserves133 | - | - | - | - | €2,477 | - |
| Profit (loss) carried forward14 | €5,477 | €5,477 | €492,659 | €45,918 | -€125,767 | ▼ 374% |
| Amounts payable17/49 | €802,932 | €2.5m | €2.9m | €286,867 | €340,770 | ▲ 18.8% |
| Amounts payable within one year42/48 | €802,932 | €2.5m | €2.8m | €241,878 | €340,770 | ▲ 40.9% |
| Current portion of amounts payable after more than one year42 | €3,729 | - | - | - | - | - |
| Trade debts44 | €689,337 | €1.9m | €2.6m | - | €92,423 | - |
| Suppliers440/4 | €689,337 | €1.9m | €2.6m | - | €92,423 | - |
| Taxes, remuneration and social security45 | €109,866 | €643,746 | €173,409 | €241,878 | €248,321 | ▲ 2.7% |
| Taxes450/3 | €109,866 | €382,894 | €173,409 | €241,878 | €165,970 | ▼ 31.4% |
| Remuneration and social security454/9 | - | €260,852 | - | - | €82,351 | - |
| Other amounts payable47/48 | - | - | €14,256 | - | €26 | - |
| Accrued charges and deferred income492/3 | - | - | €62,276 | €44,989 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,477 | €260,852 | -€1.8m | -€5,011 | €34,622 | ▲ 791% |
| + Depreciation and write-downs630 | - | - | - | - | €22,273 | - |
| Operating cash flow (approximation) | €5,477 | €260,852 | -€1.8m | -€5,011 | €56,896 | ▲ 1,235% |
| Investment in fixed assets (approximation) | - | -€461,729 | €125,348 | €297,141 | €148,108 | ▼ 50.2% |
| Change in cash | - | - | - | -€897,496 | -€28,632 | ▲ 96.8% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €34,622
Net result €34,622 after 2 loss-making years.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€1.8m
Net result drops to -€1.8m, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €492,659 ▲8,894%
Equity rises from €5,477 to €492,659.
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 229 days late
2022
31-12
Financial
Highest result since 2018net €260,852 ▲4,662%
Operating result €261,283, net result €260,852, both a record.
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 263 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 354 days late
2020
31-12
Financial
Back to profitnet €29,091
Net result €29,091 after 2 loss-making years.
Show earlier events
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
24-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 146 days late
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 310 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Gent · 1 establishment unit since 2008
Ground area
688 m²
Building footprint
137 m²
Volume, LiDAR
1,059 m³
Parcel 44051A1278/00L000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DUA NET
since 20082.171.675.095
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051A1278/00L000 | Flanders | 688 m² | 1 · 137 m² | 12.6 m · 3 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 12,583 companies in sector 49410 we hold annual accounts for 8,204. 5,940 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)
Founded22-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895995730
Also
9925:BE0895995730
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.