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DUAL

Active Private limited company (pre-2019)founded 2015active for 11 yearsAlbrecht Rodenbachlaan 65, 8501 KortrijkKBO/BCE: BE 0597.924.034

Overview

Lifetime

10 annual accounts with figures on one time axis
peak €38,549 (2016)
€16,623▼ 52.3%
lowest -€27,217 (2023)
€5,584▼ 77.9%
peak €98,081 (2021)
€96,628▲ 6.1%
€76,505▼ 62.1%
Board1 name since 2018
1 directorStefan Dupont
Documentsfilings and deeds
30-01-20261 day before the deadline
2025abbreviated format
Gross margin from €34,833 to €16,623Result from €25,266 to €5,584Debts from €201,950 to €76,505Investments €1,498

Key points

from the 2025 annual accounts

Turnover

≈ €66,000 estimated

The accounts state no turnover.

Investments

€1,498 64.2 × depreciation

Green is investment, beige is depreciation.

Filings

10 annual accounts 1 late
deadline20202025

The 2023 accounts came 2 days late. The other nine were filed on time.

Checked score

89
Excellent
Financially stronger than 35% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.7% 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 1.0%▲ +0.3 percentage points vs 01-2025highest value 03-2025: 0.4%▼ -0.6 percentage points vs 02-2025 04-2025: 0.3%▼ -0.1 percentage points vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025 02-2026: 0.6%▲ +0.2 percentage points vs 01-2026 03-2026: 0.2%▼ -0.4 percentage points vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.1%▼ -0.1 percentage points vs 10-2026lowest value

Financial strength
Average

81+25equity 55.8% of total assets
31+4short-term debt 44.2% · cash 2.2%
47-31return on assets 3.2%

Score breakdown

raises risk
Liquidity: current ratio 1.57, cash €3,728
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €173,133
Founded in 2015
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 51% of them on solvency, 14% on liquidity, 22% on profitability and 52% on growth.

The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 10,904 companies had the same profile as DUAL has now. Each dot stands for 28 companies, two years later.

95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of DUAL itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 10,904 companies, not a prediction for DUAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €8,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.57 (1.2 in 2024), above the usual 1.5. Short-term debt is 44.2% and cash 2.2% of total assets. 44.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Liquidity: current ratio 1.57, cash €3,728
NBB · annual accounts
lowers risk · Size: total assets €173,133
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2015
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €96,628
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
3 days early
2023
2 days late
2022
98 days early
2021
49 days early
2020
74 days early
2019
92 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 45 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 28 January (4 of the last 5 accounts filed within 46 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

SD
Stefan Dupont
Manager

Shares in 1 company, DUSTRO HOLDING

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0597924034
Registered office moved from Kortrijk to Heule New registered office: Albrecht Rodenbachlaan 65 te 8501 Heule (Kortrijk) · Previous registered office: Deken Degryselaan 33, 8500 Kortrijk · Board meeting of 09-12-2017 · Gazette deed
First establishment Albrecht Rodenbachlaan 65, Kortrijk
Incorporation published on 16-02-2015 · Gazette deed
All 17 events

Comparable companies

same main activity, similar in size and age
Company
DUAL Kortrijk €173,133 €16,623 55.8% -
AZ DESIGN CONSULTING Gembloux €165,372 €17,413 21.3% -
TAWODY Ixelles €177,524 €17,805 84.9% -
JB CONSULTING Wemmel €180,194 €14,474 55.2% -
HOCOM CONSULTING Stekene €168,927 €15,730 82.7% -
STANN Berlare €160,288 €15,935 37.9% -
IT Makes Sense Ghent €210,688 €16,814 36.1% -

These companies have the same main activity as DUAL: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €160,000 and €211,000, founded between 2013 and 2016.

Official details

Source: KBO
Status
Active since 12-02-2015Normal situation
Activity
Business and other management consultancyNACE 70200and 1 other
Establishment unit
2.239.787.7058501 Kortrijk, since 01-04-2015
Financial year end
30 June
Peppol
Reachable since 14-01-2026
Company details

Annual accounts to 30-06-2025

€16,623▼ 52.3%
€5,584▼ 77.9%
€96,628▲ 6.1%
€173,133▼ 40.9%
Filing
Filed on 30-01-2026, 1 day before the end of the filing period
Financials

Insights on DUAL

DUAL files the abbreviated format. That format states no turnover. The gross margin fell from €38,549 in 2016 to €16,623 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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 30-06-2025
What 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 Trend2025202420232022202120202019201820172016
Balance sheet: assets
20/58 173,133292,994166,680125,736142,249122,279118,178118,649115,587104,240
21/28 53,26151,78751,78752,36152,93554,69756,82550,73250,00050,000
22/27 1,475-05741,1482,9105,039732--
23 ----0423845---
24 1,475-05741,1482,4884,193732--
28 51,78751,78751,78751,78751,78751,78751,78750,00050,00050,000
29/58 119,871241,207114,89473,37689,31467,58261,35367,91765,58754,240
40/41 111,189240,013111,25563,53374,17761,91650,48861,19362,82635,659
40 61,189190,01361,25517,06144,5498,773-11,19312,82610,659
41 50,00050,00050,00046,47229,62853,14450,48850,00050,00025,000
54/58 3,728-05,94911,2599149,1844,68450216,728
490/1 4,9541,1943,6393,8943,8784,7531,6812,0402,2591,854
Balance sheet: equity and liabilities
10/49 173,133292,994166,680125,736142,249122,279118,178118,649115,587104,240
10/15 96,62891,04465,77892,99598,08177,00287,38491,06790,31080,003
10/11 60,00060,00060,00060,00060,000060,00060,00060,00060,000
100 -----060,00060,00060,00060,000
11 -----60,000----
1100/10 -----60,000----
13 36,6282,3032,30323,38123,3812,3032,3032,3032,2651,750
130/1 2,3032,3032,3032,3032,3032,303----
130 -----02,3032,3032,2651,750
1311 2,3032,3032,3032,3032,303-----
1319 -----2,303----
133 34,325-021,07821,078-----
14 028,7413,4749,61314,69914,69925,08128,76428,04518,253
17/49 76,505201,950100,90332,74244,16845,27730,79427,58225,27724,237
42/48 76,505201,56399,55032,74243,06344,33829,88327,23025,07224,237
43 01,4861,385-----2,303-
430/8 01,4861,385-----2,303-
44 25,54927,36814,4224,6364,3888,5291,6987,0976,1082,069
440/4 25,54927,36814,4224,6364,3888,5291,6987,0976,1082,069
45 25,94415,7447,0287,06714,6535,6857,2798,97012,85417,808
450/3 25,94415,7447,0287,06714,6535,685-8,97012,85415,445
454/9 ------7,279--2,363
47/48 25,011156,96576,71421,03924,02230,12420,90611,1623,8074,361
492/3 03881,35301,105939911352205-
Income statement
9900 16,62334,833-18,4201,87837,474-3,3354,8957,40120,65438,549
630 2305745741,7622,1282,400424--
640/8 3,3713,4623,3872,1013,4442,1302,5621,3721,0723,059
9901 13,22931,370-22,380-79732,267-7,594-675,60619,58335,490
75/76B 4010-0014880-0
75 4010-0014880-0
65/66B 4,6185,4444,4421,6393,0071,9872,1118018771,295
65 4,6185,4444,4421,6393,0071,9872,1118018771,295
9903 9,01325,926-26,822-2,43629,261-9,580-1,6904,80518,70634,195
67/77 3,4296603952,6508,1838021,9924,0488,39814,192
9904 5,58425,266-27,217-5,08621,078-10,382-3,68375610,30820,003
9905 5,58425,266-27,217-5,08621,078-10,382-3,68375610,30820,003
Appropriation of the result
9906 34,32528,741-17,6049,61335,77714,69925,08128,80128,56020,003
14P 28,7413,4749,61314,699------
791/2 -021,078-------
691/2 34,325--021,078--385151,750
6920 -------385151,750
6921 34,325--021,078-----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

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 PDF
30-06-2024 abbreviated format 28-01-2025 2025-00027804 PDF
30-06-2023 abbreviated format 02-02-2024 2024-00025546 PDF
30-06-2022 micro format 25-10-2022 2022-20483088 PDF
30-06-2021 abbreviated format 13-12-2021 2021-80000449 PDF
30-06-2020 abbreviated format 18-11-2020 2020-71000552 PDF
30-06-2019 abbreviated format 31-10-2019 2019-73100339 PDF
30-06-2018 micro format 20-11-2018 2018-72500447 PDF
30-06-2017 micro format 31-01-2018 2018-03700353 PDF
30-06-2016 abbreviated format 17-10-2016 2016-65700398 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016
13,25231,370-21,806-22334,030-5,4652,3326,029--
5,60725,266-26,643-4,51222,840-8,253-1,2831,180--
1,4980000014,7601,156-50,000
---5,949-5,31010,345-8,2704,5004,182-16,226-
43,36639,64515,34440,63446,25123,24431,47040,68740,51530,003
55.8%31.1%39.5%74.0%68.9%63.0%73.9%76.8%78.1%76.7%
1.571.201.152.242.071.522.052.492.622.24
0.792.221.530.350.450.590.350.300.280.30
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%
2.875.76-4.91-0.14------

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
Item30-06-202530-06-202430-06-202330-06-2022
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.

Board & ownership

Board

1 director, last change in 2018
Stefan Dupont
Manager
in office according to the deed of 19-02-2018
listed in the 2025 annual accounts, filed on 30-01-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Stefan Dupont
Manager
Boardmandate already running before its first mention
Mandates as a list
  • Stefan Dupont
    • Manager, since before 19-02-2018

See the board, name and registered office on a given date →

Control

Capital

Contribution
€60,000
Source
2025 annual accounts

Network & group

Holdings

own accounts to 30-06-2025, the bar shows equity in euros
This companyDUAL1 holding, 1 country accounts to 30-06-2025

Belgium 1 Equity Result

Source: list of holdings in its own 30-06-2025 accounts. Every holding stands with its own latest accounts.

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2016 to 2025
Holdings through the years
Name2016201720182019202020212022202320242025
DUSTRO HOLDING 50%

Source: list of holdings in its own accounts

Connections & network

1 current director
Depth

The network starts from the directors of DUAL. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

17 events since 2015

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFabbreviated format · 1 day before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0597924034
2025
Annual accounts 2024 filed PDFabbreviated format · 3 days before the deadline
2024
Back to profit net €25,266 The net result is €25,266, after 2 loss-making years.
Annual accounts 2023 filed PDFabbreviated format · 2 days late
2023
Weakest financial year net -€27,217 The net result drops to -€27,217, the lowest from 2016 to 2025. It recovers the following year.
2022
Annual accounts 2022 filed PDFmicro format · 98 days before the deadline
2021
Annual accounts 2021 filed PDFabbreviated format · 49 days before the deadline
Back to profit net €21,078 The net result is €21,078, after 2 loss-making years.
2020
Annual accounts 2020 filed PDFabbreviated format · 74 days before the deadline
2019
Annual accounts 2019 filed PDFabbreviated format · 92 days before the deadline
2018
Annual accounts 2018 filed PDFmicro format · 72 days before the deadline
Registered office moved from Kortrijk to HeuleNew registered office: Albrecht Rodenbachlaan 65 te 8501 Heule (Kortrijk) · Previous registered office: Deken Degryselaan 33, 8500 Kortrijk · Board meeting of 09-12-20172 points ▸
  • Board meeting, 09-12-2017
  • Registered-office move, Albrecht Rodenbachlaan 65 te 8501 Heule (Kortrijk)

Open the deed in the Belgian Official Gazette

Annual accounts 2017 filed PDFmicro format · on the deadline day
2016
Annual accounts 2016 filed PDFabbreviated format · 106 days before the deadline
2015
First establishment Albrecht Rodenbachlaan 65, Kortrijk
Incorporation PDFpublished on 16-02-2015

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

DUAL was incorporated on 12 February 2015.1 The registered office was moved to Heule in 2018.2 Total assets rose from €118,178 in 2019 to €173,133 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 19-02-2018
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0597.924.034
VAT number
BE 0597.924.034
Peppol ID
0208:0597924034
Other Peppol ID
9925:BE0597924034
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
12-02-2015
Financial year
ends on 30 June
Peppol
Reachable since 14-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
DUAL in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
Codes under NACEBEL 2008
70220 Business consulting main activity
64200 Holdings

Registered office and establishments

1 establishment
Establishment Since Unit number
Albrecht Rodenbachlaan 65 registered office 8501 Kortrijk 01-04-2015 2.239.787.705
1 former office
  • Deken Degryselaan 33, 8500 Kortrijk until 09-12-2017 · deed of 19-02-2018

Buildings and parcels at the address

Ground area
1,663 m²
Buildings
203 m²
Volume, LiDAR
1,064 m³
Tallest building
9.4 m
Buildings to scale, each on its own parcel
203 m², 9.4 m 203 m², 9.4 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
34016C0771/00V0041,663 m² 1 · 203 m² 9.4 m · 2