DUAL
Annual accounts 2025
abbreviated format, filed on 30-01-2026, 1 day before the deadline€16,623
▼ 52.3%
€13,229
▼ 57.8%
€5,584
▼ 77.9%
€43,366
▲ 9.4%
55.8%
▲ 24.7 percentage points
1.57
▲ 0.37
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €66,000. Estimated: probably between €29,000 and €170,000.
Balance sheet
balance sheet total €173,133 on 30-06-2025What the company ownsHow it is paid for
in euro
Position in the sector
55.8%
Higher than 53% of 10,857 companies in 2025.
1.57
Higher than 51% of 10,479 companies in 2025.
3.2%
Higher than 42% of 10,726 companies in 2025.
DUAL
Middle half of the sector
80% of the sector
Abbreviated accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
173,133 | 292,994 | 166,680 | 125,736 | 142,249 | 122,279 | 118,178 | 118,649 | 115,587 | 104,240 | |
21/28 |
53,261 | 51,787 | 51,787 | 52,361 | 52,935 | 54,697 | 56,825 | 50,732 | 50,000 | 50,000 | |
22/27 |
1,475 | - | 0 | 574 | 1,148 | 2,910 | 5,039 | 732 | - | - | |
23 |
- | - | - | - | 0 | 423 | 845 | - | - | - | |
24 |
1,475 | - | 0 | 574 | 1,148 | 2,488 | 4,193 | 732 | - | - | |
28 |
51,787 | 51,787 | 51,787 | 51,787 | 51,787 | 51,787 | 51,787 | 50,000 | 50,000 | 50,000 | |
29/58 |
119,871 | 241,207 | 114,894 | 73,376 | 89,314 | 67,582 | 61,353 | 67,917 | 65,587 | 54,240 | |
40/41 |
111,189 | 240,013 | 111,255 | 63,533 | 74,177 | 61,916 | 50,488 | 61,193 | 62,826 | 35,659 | |
40 |
61,189 | 190,013 | 61,255 | 17,061 | 44,549 | 8,773 | - | 11,193 | 12,826 | 10,659 | |
41 |
50,000 | 50,000 | 50,000 | 46,472 | 29,628 | 53,144 | 50,488 | 50,000 | 50,000 | 25,000 | |
54/58 |
3,728 | - | 0 | 5,949 | 11,259 | 914 | 9,184 | 4,684 | 502 | 16,728 | |
490/1 |
4,954 | 1,194 | 3,639 | 3,894 | 3,878 | 4,753 | 1,681 | 2,040 | 2,259 | 1,854 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
173,133 | 292,994 | 166,680 | 125,736 | 142,249 | 122,279 | 118,178 | 118,649 | 115,587 | 104,240 | |
10/15 |
96,628 | 91,044 | 65,778 | 92,995 | 98,081 | 77,002 | 87,384 | 91,067 | 90,310 | 80,003 | |
10/11 |
60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 0 | 60,000 | 60,000 | 60,000 | 60,000 | |
100 |
- | - | - | - | - | 0 | 60,000 | 60,000 | 60,000 | 60,000 | |
11 |
- | - | - | - | - | 60,000 | - | - | - | - | |
1100/10 |
- | - | - | - | - | 60,000 | - | - | - | - | |
13 |
36,628 | 2,303 | 2,303 | 23,381 | 23,381 | 2,303 | 2,303 | 2,303 | 2,265 | 1,750 | |
130/1 |
2,303 | 2,303 | 2,303 | 2,303 | 2,303 | 2,303 | - | - | - | - | |
130 |
- | - | - | - | - | 0 | 2,303 | 2,303 | 2,265 | 1,750 | |
1311 |
2,303 | 2,303 | 2,303 | 2,303 | 2,303 | - | - | - | - | - | |
1319 |
- | - | - | - | - | 2,303 | - | - | - | - | |
133 |
34,325 | - | 0 | 21,078 | 21,078 | - | - | - | - | - | |
14 |
0 | 28,741 | 3,474 | 9,613 | 14,699 | 14,699 | 25,081 | 28,764 | 28,045 | 18,253 | |
17/49 |
76,505 | 201,950 | 100,903 | 32,742 | 44,168 | 45,277 | 30,794 | 27,582 | 25,277 | 24,237 | |
42/48 |
76,505 | 201,563 | 99,550 | 32,742 | 43,063 | 44,338 | 29,883 | 27,230 | 25,072 | 24,237 | |
43 |
0 | 1,486 | 1,385 | - | - | - | - | - | 2,303 | - | |
430/8 |
0 | 1,486 | 1,385 | - | - | - | - | - | 2,303 | - | |
44 |
25,549 | 27,368 | 14,422 | 4,636 | 4,388 | 8,529 | 1,698 | 7,097 | 6,108 | 2,069 | |
440/4 |
25,549 | 27,368 | 14,422 | 4,636 | 4,388 | 8,529 | 1,698 | 7,097 | 6,108 | 2,069 | |
45 |
25,944 | 15,744 | 7,028 | 7,067 | 14,653 | 5,685 | 7,279 | 8,970 | 12,854 | 17,808 | |
450/3 |
25,944 | 15,744 | 7,028 | 7,067 | 14,653 | 5,685 | - | 8,970 | 12,854 | 15,445 | |
454/9 |
- | - | - | - | - | - | 7,279 | - | - | 2,363 | |
47/48 |
25,011 | 156,965 | 76,714 | 21,039 | 24,022 | 30,124 | 20,906 | 11,162 | 3,807 | 4,361 | |
492/3 |
0 | 388 | 1,353 | 0 | 1,105 | 939 | 911 | 352 | 205 | - | |
| Income statement | |||||||||||
9900 |
16,623 | 34,833 | -18,420 | 1,878 | 37,474 | -3,335 | 4,895 | 7,401 | 20,654 | 38,549 | |
630 |
23 | 0 | 574 | 574 | 1,762 | 2,128 | 2,400 | 424 | - | - | |
640/8 |
3,371 | 3,462 | 3,387 | 2,101 | 3,444 | 2,130 | 2,562 | 1,372 | 1,072 | 3,059 | |
9901 |
13,229 | 31,370 | -22,380 | -797 | 32,267 | -7,594 | -67 | 5,606 | 19,583 | 35,490 | |
75/76B |
401 | 0 | - | 0 | 0 | 1 | 488 | 0 | - | 0 | |
75 |
401 | 0 | - | 0 | 0 | 1 | 488 | 0 | - | 0 | |
65/66B |
4,618 | 5,444 | 4,442 | 1,639 | 3,007 | 1,987 | 2,111 | 801 | 877 | 1,295 | |
65 |
4,618 | 5,444 | 4,442 | 1,639 | 3,007 | 1,987 | 2,111 | 801 | 877 | 1,295 | |
9903 |
9,013 | 25,926 | -26,822 | -2,436 | 29,261 | -9,580 | -1,690 | 4,805 | 18,706 | 34,195 | |
67/77 |
3,429 | 660 | 395 | 2,650 | 8,183 | 802 | 1,992 | 4,048 | 8,398 | 14,192 | |
9904 |
5,584 | 25,266 | -27,217 | -5,086 | 21,078 | -10,382 | -3,683 | 756 | 10,308 | 20,003 | |
9905 |
5,584 | 25,266 | -27,217 | -5,086 | 21,078 | -10,382 | -3,683 | 756 | 10,308 | 20,003 | |
| Appropriation of the result | |||||||||||
9906 |
34,325 | 28,741 | -17,604 | 9,613 | 35,777 | 14,699 | 25,081 | 28,801 | 28,560 | 20,003 | |
14P |
28,741 | 3,474 | 9,613 | 14,699 | - | - | - | - | - | - | |
791/2 |
- | 0 | 21,078 | - | - | - | - | - | - | - | |
691/2 |
34,325 | - | - | 0 | 21,078 | - | - | 38 | 515 | 1,750 | |
6920 |
- | - | - | - | - | - | - | 38 | 515 | 1,750 | |
6921 |
34,325 | - | - | 0 | 21,078 | - | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-01-2026 | 2026-00029183 | |
| 30-06-2024 | abbreviated format | 28-01-2025 | 2025-00027804 | |
| 30-06-2023 | abbreviated format | 02-02-2024 | 2024-00025546 | |
| 30-06-2022 | micro format | 25-10-2022 | 2022-20483088 | |
| 30-06-2021 | abbreviated format | 13-12-2021 | 2021-80000449 | |
| 30-06-2020 | abbreviated format | 18-11-2020 | 2020-71000552 | |
| 30-06-2019 | abbreviated format | 31-10-2019 | 2019-73100339 | |
| 30-06-2018 | micro format | 20-11-2018 | 2018-72500447 | |
| 30-06-2017 | micro format | 31-01-2018 | 2018-03700353 | |
| 30-06-2016 | abbreviated format | 17-10-2016 | 2016-65700398 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,252 | 31,370 | -21,806 | -223 | 34,030 | -5,465 | 2,332 | 6,029 | - | - | ||
| 5,607 | 25,266 | -26,643 | -4,512 | 22,840 | -8,253 | -1,283 | 1,180 | - | - | ||
| 1,498 | 0 | 0 | 0 | 0 | 0 | 14,760 | 1,156 | - | 50,000 | ||
| - | - | -5,949 | -5,310 | 10,345 | -8,270 | 4,500 | 4,182 | -16,226 | - | ||
| 43,366 | 39,645 | 15,344 | 40,634 | 46,251 | 23,244 | 31,470 | 40,687 | 40,515 | 30,003 | ||
| 55.8% | 31.1% | 39.5% | 74.0% | 68.9% | 63.0% | 73.9% | 76.8% | 78.1% | 76.7% | ||
| 1.57 | 1.20 | 1.15 | 2.24 | 2.07 | 1.52 | 2.05 | 2.49 | 2.62 | 2.24 | ||
| 0.79 | 2.22 | 1.53 | 0.35 | 0.45 | 0.59 | 0.35 | 0.30 | 0.28 | 0.30 | ||
| 5.8% | 27.8% | -41.4% | -5.5% | 21.5% | -13.5% | -4.2% | 0.8% | 11.4% | 25.0% | ||
| 3.2% | 8.6% | -16.3% | -4.0% | 14.8% | -8.5% | -3.1% | 0.6% | 8.9% | 19.2% | ||
| 2.87 | 5.76 | -4.91 | -0.14 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,498 | - | - | - |
| €23 | €0 | €574 | €574 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on DUAL
The operating result for 2025 is 58% lower than in 2024.
Debt's share of the balance-sheet total falls from 68.9% to 44.2%. Equity is higher and debt is lower.