DUBBLEWIN
ActiveSummary
DUBBLEWIN has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€33,276) and a net result of -€35,086. Equity is shrinking by about 15% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.4% (low).
Financials · financial year 2025, abbreviated format
Equity
-€33,276
2024 · €1,809
Total assets
€442,396▼ 7.1%
2024 · €476,074
Net result
-€35,086▼ 533%
2024 · -€5,545
Working capital
-€474,796▼ 0.3%
2024 · -€473,389
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €35,086 in 2025 against €5,545 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€35,086
2025
Net result-€35,086
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€442,396
2025
Equity-€33,276
2025
Debt€475,673
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€474,796
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€880--€362▲ 58.9%-€204▲ 43.7%-€612▼ 201%-€1,473▼ 141%-€1,641▼ 11.5%-€5,545▼ 238%-€35,086▼ 533%
Net result-€880--€362▲ 58.9%-€204▲ 43.7%-€612▼ 201%-€1,473▼ 141%-€1,641▼ 11.4%-€5,545▼ 238%-€35,086▼ 533%
Equity€11,646-€11,285▼ 3.1%€11,081▼ 1.8%€10,469▼ 5.5%€8,995▼ 14.1%€7,354▼ 18.2%€1,809▼ 75.4%-€33,276
Total assets€307,969-€307,847=€307,854=€307,847=€308,476▲ 0.2%€308,844▲ 0.1%€476,074▲ 54.1%€442,396▼ 7.1%
Debt€296,322-€296,562▲ 0.1%€296,773▲ 0.1%€297,378▲ 0.2%€299,480▲ 0.7%€301,490▲ 0.7%€474,264▲ 57.3%€475,673▲ 0.3%
Working capital-€295,253--€295,614▼ 0.1%-€295,818▼ 0.1%-€296,430▼ 0.2%-€297,904▼ 0.5%-€299,545▼ 0.6%-€473,389▼ 58.0%-€474,796▼ 0.3%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €442,396
Fixed assets
€441,520 ▼ 7.1%
Current assets
€876 ▲ 0.1%
Equity and liabilities
Equity-€33,276
Debt€475,673
Equity is negative: debt (€475,673) exceeds the balance-sheet total (€442,396).
Key figures and ratios
EBITDA
-€1,407▲
2024 · -€5,453
Cash flow
-€1,407▲
2024 · -€5,453
Solvency
-7.5%▼
2024 · 0.4%
Current ratio
0.00▼
2024 · 0.00
ROA
-7.9%▼
2024 · -1.2%
Debt ≤ 1 year
€475,673▲
2024 · €474,264
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €92 | €33,678 | ▲ 36,499% |
| Other operating charges640/8 | - | - | - | - | €57 | €64 | €954 | €66 | ▼ 93.1% |
| Non-recurring operating charges66A | - | - | - | - | €275 | €0 | - | - | - |
| Gross operating margin9900 | -€775 | -€362 | -€204 | -€612 | -€1,141 | -€1,578 | -€4,499 | -€1,342 | ▲ 70.2% |
| Operating profit (loss)9901 | -€880 | -€362 | -€204 | -€612 | -€1,473 | -€1,641 | -€5,545 | -€35,086 | ▼ 533% |
| Financial charges65/66B | - | - | - | - | €0 | €0 | - | - | - |
| Recurring financial charges65 | - | - | - | - | €0 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€880 | -€362 | -€204 | -€612 | -€1,473 | -€1,641 | -€5,545 | -€35,086 | ▼ 533% |
| Profit (loss) for the period9904 | -€880 | -€362 | -€204 | -€612 | -€1,473 | -€1,641 | -€5,545 | -€35,086 | ▼ 533% |
| Profit (loss) for the period to be appropriated9905 | -€880 | -€362 | -€204 | -€612 | -€1,473 | -€1,641 | -€5,545 | -€35,086 | ▼ 533% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €307,969 | €307,847 | €307,854 | €307,847 | €308,476 | €308,844 | €476,074 | €442,396 | ▼ 7.1% |
| Fixed assets21/28 | €306,899 | €306,899 | €306,899 | €306,899 | €306,899 | €306,899 | €475,198 | €441,520 | ▼ 7.1% |
| Intangible fixed assets21 | - | - | - | - | - | - | €168,299 | €134,621 | ▼ 20.0% |
| Financial fixed assets28 | €306,899 | €306,899 | €306,899 | €306,899 | €306,899 | €306,899 | €306,899 | €306,899 | = |
| Current assets29/58 | €1,070 | €948 | €955 | €948 | €1,577 | €1,945 | €875 | €876 | ▲ 0.1% |
| Amounts receivable within one year40/41 | €936 | €936 | €936 | €936 | €1,437 | €1,864 | €845 | €845 | = |
| Trade receivables40 | - | - | - | €275 | €0 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €661 | €1,437 | €1,864 | €845 | €845 | = |
| Cash at bank and in hand54/58 | €13 | €12 | €19 | €12 | €140 | €81 | €30 | €31 | ▲ 3.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €307,969 | €307,847 | €307,854 | €307,847 | €308,476 | €308,844 | €476,074 | €442,396 | ▼ 7.1% |
| Equity10/15 | €11,646 | €11,285 | €11,081 | €10,469 | €8,995 | €7,354 | €1,809 | -€33,276 | - |
| Contributions10/11 | €62,000 | €62,000 | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | - | - | €62,000 | €62,000 | €62,000 | = |
| Contributions outside capital11 | - | - | - | - | €62,000 | €0 | - | - | - |
| Other1109/19 | - | - | - | - | €62,000 | €0 | - | - | - |
| Profit (loss) carried forward14 | -€50,354 | -€50,715 | -€50,919 | -€51,531 | -€53,005 | -€54,646 | -€60,191 | -€95,276 | ▼ 58.3% |
| Amounts payable17/49 | €296,322 | €296,562 | €296,773 | €297,378 | €299,480 | €301,490 | €474,264 | €475,673 | ▲ 0.3% |
| Amounts payable within one year42/48 | €296,322 | €296,562 | €296,773 | €297,378 | €299,480 | €301,490 | €474,264 | €475,673 | ▲ 0.3% |
| Trade debts44 | €200 | €200 | €321 | €464 | €0 | - | - | - | - |
| Suppliers440/4 | - | - | - | €464 | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €296,914 | €299,480 | €301,490 | €474,264 | €475,673 | ▲ 0.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€880 | -€362 | -€204 | -€612 | -€1,473 | -€1,641 | -€5,545 | -€35,086 | ▼ 533% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €92 | €33,678 | ▲ 36,499% |
| Operating cash flow (approximation) | -€880 | -€362 | -€204 | -€612 | -€1,473 | -€1,641 | -€5,453 | -€1,407 | ▲ 74.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | -€168,391 | €0 | - |
| Change in cash | - | -€1 | €7 | -€7 | €128 | -€59 | -€51 | €1 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-11-2025 | abbreviated format | 30-06-2026 | 2026-00218989 |
| 30-11-2024 | micro format | 30-06-2025 | 2025-00197376 |
| 30-11-2023 | micro format | 13-05-2024 | 2024-00086000 |
| 30-11-2022 | micro format | 21-04-2023 | 2023-00062532 |
| 30-11-2021 | micro format | 30-05-2022 | 2022-20036450 |
| 30-11-2020 | micro format | 27-05-2021 | 2021-15600155 |
| 30-11-2019 | micro format | 24-07-2020 | 2020-34200061 |
| 30-11-2018 | micro format | 22-06-2019 | 2019-26500251 |
| 30-11-2017 | micro format | 09-06-2018 | 2018-17800197 |
| 30-11-2016 | full format | 19-06-2017 | 2017-19200008 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.