DUBAR GROUP
ActiveSummary
DUBAR GROUP has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.6m and a net result of -€4.1m. Equity remains stable across the filed fiscal years (±1.6% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-62
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950,000 at 30 days acceptable
Liquidity ample (current ratio 3.34 against 2.12 in 2024; short-term debt: 11.8% and cash: 3.6% of total assets), and 11.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
88.2%
Return on assets
-21.7%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-02-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
18 d late
2023
12 d late
2022
29 d late
2021
21 d late
2020
25 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 20 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 18 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€4.1m
2024 · €824,308
Working capital
€5.2m▲ 57.9%
2024 · €3.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€216,807▲ 304%-€122,772-€362,981▼ 196%€21,957-€6.1m
Net result€10.7m▲ 1,627%€3.5m▼ 67.4%€103,702▼ 97.0%€824,308▲ 695%-€4.1m
Equity€16.3m▼ 25.0%€19.8m▲ 21.3%€19.9m▲ 0.5%€20.7m▲ 4.1%€16.6m▼ 19.7%
Total assets€26.0m▲ 7.6%€25.0m▼ 3.9%€23.5m▼ 5.9%€23.7m▲ 0.6%€18.9m▼ 20.3%
Debt€9.7m▲ 299%€5.2m▼ 46.3%€3.6m▼ 30.1%€2.9m▼ 19.1%€2.2m▼ 24.3%
Working capital-€1.4m€2.1m€2.5m▲ 19.2%€3.3m▲ 33.6%€5.2m▲ 57.9%
Staff (FTE)000
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6.1m after €21,957 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.9m
Fixed assets
€11.4m ▼ 34.4%
Current assets
€7.4m ▲ 19.1%
Equity and liabilities €18.9m
Equity
€16.6m ▼ 19.7%
Debt
€2.2m ▼ 24.3%
Debt's share of the balance-sheet total falls from 12.4% to 11.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
3.34▲
2024 · 2.12
Debt to equity
0.13▼
2024 · 0.14
ROE
-24.6%▼
2024 · 4.0%
ROA
-21.7%▼
2024 · 3.5%
Debt ≤ 1 year
€2.2m▼
2024 · €2.9m
Income taxes
€300▼
2024 · €1,194
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €41,459 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €153 | €0 | €1,324 | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €6.0m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €48,000 | €305,965 | -€48,000 | €2,937 | ▲ 106% |
| Other operating charges640/8 | - | €2,407 | €2,323 | €4,582 | €4,030 | ▼ 12.0% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €223,577 | -€72,365 | -€53,368 | -€21,461 | -€71,436 | ▼ 233% |
| Operating profit (loss)9901 | €216,807 | -€122,772 | -€362,981 | €21,957 | -€6.1m | ▼ 27,784% |
| Financial income75/76B | - | €4.8m | €473,503 | €808,298 | €2.0m | ▲ 147% |
| Recurring financial income75 | €10.5m | €4.8m | €473,503 | €808,298 | €2.0m | ▲ 147% |
| Financial charges65/66B | - | €9,235 | €3,697 | €4,754 | €4,293 | ▼ 9.7% |
| Recurring financial charges65 | €9,837 | €9,235 | €3,697 | €4,754 | €4,293 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | €10.7m | €4.6m | €106,825 | €825,501 | -€4.1m | ▼ 595% |
| Income taxes67/77 | €51,492 | €1.2m | €3,123 | €1,194 | €300 | ▼ 74.9% |
| Profit (loss) for the period9904 | €10.7m | €3.5m | €103,702 | €824,308 | -€4.1m | ▼ 596% |
| Profit (loss) for the period to be appropriated9905 | €10.7m | €3.5m | €103,702 | €824,308 | -€4.1m | ▼ 596% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26.0m | €25.0m | €23.5m | €23.7m | €18.9m | ▼ 20.3% |
| Fixed assets21/28 | €17.7m | €17.7m | €17.4m | €17.4m | €11.4m | ▼ 34.4% |
| Tangible fixed assets22/27 | €0 | - | €11,388 | €4,400 | €4,400 | = |
| Furniture and vehicles24 | - | - | €11,388 | €4,400 | €4,400 | = |
| Financial fixed assets28 | €17.7m | €17.7m | €17.4m | €17.4m | €11.4m | ▼ 34.4% |
| Current assets29/58 | €8.3m | €7.3m | €6.1m | €6.2m | €7.4m | ▲ 19.1% |
| Amounts receivable within one year40/41 | €6.0m | €3.2m | €3.3m | €4.1m | €5.2m | ▲ 28.3% |
| Trade receivables40 | - | €12,327 | €25,417 | €18,654 | €10,920 | ▼ 41.5% |
| Other amounts receivable41 | - | €3.1m | €3.2m | €4.0m | €5.2m | ▲ 28.6% |
| Current investments50/53 | €1,000,000 | €1.0m | €1.4m | €1.5m | €1.5m | ▼ 1.9% |
| Cash at bank and in hand54/58 | €1.3m | €3.1m | €1.4m | €662,211 | €686,375 | ▲ 3.6% |
| Deferred charges and accrued income490/1 | - | €9,916 | €12,300 | €33,971 | €87,370 | ▲ 157% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26.0m | €25.0m | €23.5m | €23.7m | €18.9m | ▼ 20.3% |
| Equity10/15 | €16.3m | €19.8m | €19.9m | €20.7m | €16.6m | ▼ 19.7% |
| Contributions10/11 | - | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Reserves13 | €12.8m | €16.3m | €16.4m | €17.3m | €13.2m | ▼ 23.7% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €16.3m | €16.4m | €17.3m | €13.2m | ▼ 23.7% |
| Profit (loss) carried forward14 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €9.7m | €5.2m | €3.6m | €2.9m | €2.2m | ▼ 24.3% |
| Amounts payable within one year42/48 | €9.7m | €5.2m | €3.6m | €2.9m | €2.2m | ▼ 24.3% |
| Trade debts44 | €8,413 | €9,539 | €15,610 | €12,347 | €3,313 | ▼ 73.2% |
| Suppliers440/4 | - | €9,539 | €15,610 | €12,347 | €3,313 | ▼ 73.2% |
| Taxes, remuneration and social security45 | - | €1.1m | €2,662 | €4,222 | €0 | ▼ 100% |
| Taxes450/3 | - | €1.1m | €2,662 | €4,222 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €4.1m | €3.6m | €2.9m | €2.2m | ▼ 24.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10.7m | €3.5m | €103,702 | €824,308 | -€4.1m | ▼ 596% |
| + Depreciation and write-downs630 | €153 | €0 | €1,324 | €0 | - | - |
| Operating cash flow (approximation) | €10.7m | €3.5m | €105,026 | €824,308 | -€4.1m | ▼ 596% |
| Investment in fixed assets (approximation) | - | €1,190 | €293,253 | €6,988 | €6.0m | ▲ 85,759% |
| Change in cash | - | €1.8m | -€1.7m | -€732,879 | €24,164 | ▲ 103% |
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
17-07
State Gazette act
Statutes amendmentAppointment: DUBAR Quentin Edouard Marie Joseph (administrateur statutaire subsidiaire) · Resignation: DUBAR Timothée Hubert Nicolas (administrateur statutaire subsidiaire) · Shareholding7 facts ▸
State Gazette act
Statutes amendment
Appointment: DUBAR Quentin Edouard Marie Joseph (administrateur statutaire subsidiaire) · Resignation: DUBAR Timothée Hubert Nicolas (administrateur statutaire subsidiaire) · Shareholding7 facts ▸
- General meeting, 30-06-2026
- Shareholding, 30-06-2026, actionnaire unique
- Incorporation, 17-06-2008
- Director appointment, DUBAR Quentin Edouard Marie Joseph (administrateur statutaire subsidiaire)
- Director resignation, DUBAR Timothée Hubert Nicolas (administrateur statutaire subsidiaire)
- Statutes amendment, 11
- Other statement, 04-06-2026
12-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 12 days late
2025
30-06
Financial
Weakest financial yearnet -€4.1m
Net result drops to -€4.1m, the lowest in the series.
18-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 12 days late
2023
01-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 21 days late
2021
30-06
Financial
Highest result since 2019net €10.7m ▲1,627%
Net result €10.7m, the highest in the series.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
18-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 18 days late
2018
16-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
DUBAR Quentin Edouard Marie Joseph
CurrentAdministrateur statutaire subsidiaire · since 17-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2009
1 establishment unit
ROCHE DUBAR GROUP
since 20092.175.433.549
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DUBAR Quentin Edouard Marie Joseph |
|
| DUBAR Timothée Hubert Nicolas |
|
Structure & network
Heads the group
DUBAR GROUP
2 companies
Group, risk and exposure
Owners and holdings
8 holdingsOwners 0
The accounts to 30-06-2022 list no shareholders, and no other source names one.
Holdings 8
-
100%
-
100%
-
99.17%
-
50.76%
- TOULNEUVE INVESTFRsubsidiarySourceLEI registerconsolidated
-
50%
-
16.5%
-
10%
According to the annual accounts to 30-06-2022 of DUBAR GROUP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
ROCHE DUBAR ENTREPRISES
via DUBAR Quentin Edouard Marie Joseph · Administrateur statutaire subsidiaire
→
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 17-07-2026 ↗
- DUBAR Olivier Louis Marie Joseph all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Recognitions · licences · registrations
Legal Entity Identifier
875500MI04PR8HDHXZ20
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2008
Fiscal year end30-06
Trade name FR
ROCHE DUBAR GROUP
E-invoicing
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Register as of 29 September 2026 · Peppol Directory
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