DUBACO
ActiveDUBACO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.31M and a net result of €218k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 8584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+12
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310k at 30 days acceptable
Liquidity ample (current ratio 17.9 against 83.75 in 2024), and 2.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
97.3%
Return on assets
6.4%
Age of the figures
8 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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
6 d early
2023
141 d early
2022
14 d early
2021
61 d early
2020
66 d early
2019
66 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.31M▲ 7.0%
2024 · €3.10M
2018: €2.74M
2019: €2.70M
2020: €2.79M
2021: €2.91M
2022: €2.84M
2023: €2.97M
2024: €3.10M
2018 → 2025
Total assets
€3.41M▲ 9.2%
2024 · €3.12M
2018: €3.28M
2019: €3.31M
2020: €2.89M
2021: €2.91M
2022: €2.86M
2023: €2.97M
2024: €3.12M
2018 → 2025
Net result
€218k▲ 66.9%
2024 · €131k
2018: €-51k
2019: €12k
2020: €89k
2021: €119k
2022: €-68k
2023: €126k
2024: €131k
2018 → 2025
Working capital
€1.52M▼ 21.7%
2024 · €1.95M
2018: €1.26M
2019: €1.40M
2020: €1.43M
2021: €1.24M
2022: €1.46M
2023: €1.59M
2024: €1.95M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.91M-€2.84M▼ 2.3%€2.97M▲ 4.5%€3.10M▲ 4.4%€3.31M▲ 7.0%
Operating result€103k-€-324k€11k€112k▲ 948%€74k▼ 34.3%
Net result€119k-€-68k€126k€131k▲ 3.3%€218k▲ 66.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.41M
Fixed assets
€1.79M▲ 55.7%
Current assets
€1.61M▼ 18.0%
Equity and liabilities €3.41M
Equity
€3.31M▲ 7.0%
Debt
€92k▲ 289%
The debt ratio rises from 0.8% to 2.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€83k▼
2024 · €134k
Cash flow
€227k▲
2024 · €153k
Solvency
97.3%▼
2024 · 99.2%
Current ratio
17.90▼
2024 · 83.75
Quick ratio
17.90▼
2024 · 83.75
Debt / equity
0.03▲
2024 · 0.01
ROE
6.6%▲
2024 · 4.2%
ROA
6.4%▲
2024 · 4.2%
Interest coverage
141.81▲
2024 · -45.30
Debt
€92k▲
2024 · €24k
Debt ≤ 1 year
€90k▲
2024 · €24k
Income taxes
€27k▼
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.12M€3.41M▲
Fixed assets21/28€1.15M€1.79M▲
Tangible fixed assets22/27€600k€592k▼
Land and buildings22€600k€592k▼
Financial fixed assets28€550k€1.20M▲
Current assets29/58€1.97M€1.61M▼
Amounts receivable within one year40/41€333k€510k▲
Trade receivables40€312k€132k▼
Other amounts receivable41€22k€378k▲
Current investments50/53€1.52M€972k▼
Cash at bank and in hand54/58€110k€127k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€3.12M€3.41M▲
Equity10/15€3.10M€3.31M▲
Contributions10/11€135k€135k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Outside capital11€10k€10k=
Share premium1100/10€10k€10k=
Reserves13€2.96M€3.18M▲
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€2.95M€3.17M▲
Amounts payable17/49€24k€92k▲
Amounts payable within one year42/48€24k€90k▲
Trade debts44€2k€66k▲
Suppliers440/4€2k€66k▲
Taxes, remuneration and social security45€22k€24k▲
Taxes450/3€22k€24k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€9k▼
Other operating charges640/8€25k€2k▼
Non-recurring operating charges66A€132k€0▼
Gross operating margin9900€292k€84k▼
Operating profit (loss)9901€112k€74k▼
Financial income75/76B€53k€171k▲
Recurring financial income75€53k€171k▲
Financial charges65/66B€-3k€582▲
Recurring financial charges65€-3k€582▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€168k€245k▲
Income taxes67/77€37k€27k▼
Profit (loss) for the period9904€131k€218k▲
Profit (loss) for the period to be appropriated9905€131k€218k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€218k▲
Transfer to equity691/2€131k€218k▲
To other reserves6921€131k€218k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (11 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
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €218k ▲66.9%
Net result €218k, the highest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €126k
Net result €126k after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 490.97
Current ratio from 72.53 to 490.97; short-term debt falls from €20k to €3k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-68k ▼157%
Net result drops to €-68k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 26current ratio 1755.03
Current ratio from 67.20 to 1755.03; short-term debt falls from €22k to €704.
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 16current ratio 67.20
Current ratio from 4.08 to 67.20; short-term debt falls from €453k to €22k.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-01-2024
DUBAERE Katelijn: Resigned as Director
15-01-2024
DUBAERE Luc: Resigned as Director
15-01-2024
DUBAERE Olivier: Resigned as Director
29-01-2019
Joost Dubaere: Resigned as Managing director
20-06-2016
Etienne Dubaere: Resigned as Director
20-06-2016
NORINVEST: Resigned as Director
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 1990
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.
Ambachtenlaan 288760 TieltGround area
5,224 m²
Building footprint
2,346 m²
Volume, LiDAR
2,635 m³
Parcel 37322C0430/00N000, Flanders · tallest building 5.3 m. Linked by address, not a title deed.
1 establishment unit
DUBACO NV
since 19902.046.612.007
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322C0430/00N000 | Flanders | 5,224 m² | 1 · 2,346 m² | 5.3 m |
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.
Recognitions · licences · registrations
Legal Entity Identifier
549300749F0RRJFNRR16
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 14,809 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-12-1989
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.