DUBO
ActiveSummary
DUBO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208k and a net result of €12k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52=
Solvency38▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.4 in 2024; short-term debt: 30.2% and cash: 2.6% of total assets), and 87.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
12.8%
Return on assets
0.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 14%
← weakest
strongest →
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
35 d early
2023
5 d early
2022
7 d early
2021
1 d early
2020
47 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€208k▲ 6.4%
2024 · €195k
2018: €81klowest in 8 years
2019: €97k▲ +20.2% vs 2018
2020: €122k▲ +25.1% vs 2019
2021: €145k▲ +19.0% vs 2020
2022: €160k▲ +10.6% vs 2021
2023: €177k▲ +10.2% vs 2022
2024: €195k▲ +10.7% vs 2023
2025: €208k▲ +6.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.62M▼ 8.5%
2024 · €1.77M
2018: €731klowest in 8 years
2019: €966k▲ +32.2% vs 2018
2020: €912k▼ -5.6% vs 2019
2021: €926k▲ +1.5% vs 2020
2022: €916k▼ -1.0% vs 2021
2023: €1.81M▲ +97.4% vs 2022highest in 8 years
2024: €1.77M▼ -2.0% vs 2023
2025: €1.62M▼ -8.5% vs 2024
2018 → 2025
Net result
€12k▼ 34.0%
2024 · €19k
2018: €16k
2019: €16k▲ +4.9% vs 2018
2020: €24k▲ +49.5% vs 2019highest in 8 years
2021: €23k▼ -5.2% vs 2020
2022: €15k▼ -33.9% vs 2021
2023: €16k▲ +6.3% vs 2022
2024: €19k▲ +15.6% vs 2023
2025: €12k▼ -34.0% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-349k▼ 8.4%
2024 · €-322k
2018: €152khighest in 8 years
2019: €4k▼ -97.3% vs 2018
2020: €29k▲ +613% vs 2019
2021: €35k▲ +20.5% vs 2020
2022: €67k▲ +91.9% vs 2021
2023: €-222k▼ -431% vs 2022
2024: €-322k▼ -45.0% vs 2023
2025: €-349k▼ -8.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€145k-€160k▲ 10.6%€177k▲ 10.2%€195k▲ 10.7%€208k▲ 6.4%
2021: €145klowest in 5 years
2022: €160k▲ +10.6% vs 2021
2023: €177k▲ +10.2% vs 2022
2024: €195k▲ +10.7% vs 2023
2025: €208k▲ +6.4% vs 2024highest in 5 years
Operating result€35k-€33k▼ 5.5%€65k▲ 94.3%€75k▲ 15.3%€62k▼ 17.4%
2021: €35k
2022: €33k▼ -5.5% vs 2021lowest in 5 years
2023: €65k▲ +94.3% vs 2022
2024: €75k▲ +15.3% vs 2023highest in 5 years
2025: €62k▼ -17.4% vs 2024
Net result€23k-€15k▼ 33.9%€16k▲ 6.3%€19k▲ 15.6%€12k▼ 34.0%
2021: €23khighest in 5 years
2022: €15k▼ -33.9% vs 2021
2023: €16k▲ +6.3% vs 2022
2024: €19k▲ +15.6% vs 2023
2025: €12k▼ -34.0% vs 2024lowest in 5 years
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 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.62M
Fixed assets
€1.48M ▼ 4.9%
Current assets
€142k ▼ 34.3%
Equity and liabilities €1.62M
Equity
€208k ▲ 6.4%
Debt
€1.41M ▼ 10.3%
Debt's share of the balance-sheet total falls from 89.0% to 87.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€177k▼
2024 · €188k
Cash flow
€128k▼
2024 · €133k
Current ratio
0.29▼
2024 · 0.40
Quick ratio
0.17▼
2024 · 0.35
Debt to equity
6.80▼
2024 · 8.07
ROE
6.0%▼
2024 · 9.6%
ROA
0.8%▼
2024 · 1.1%
Interest coverage
3.84▲
2024 · 3.79
Debt ≤ 1 year
€490k▼
2024 · €537k
Debt > 1 year
€924k▼
2024 · €1.04M
Income taxes
€6k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.77M€1.62M▼
Fixed assets21/28€1.56M€1.48M▼
Intangible fixed assets21€13k€9k▼
Tangible fixed assets22/27€1.54M€1.47M▼
Land and buildings22€1.52M€1.45M▼
Furniture and vehicles24€14k€16k▲
Other tangible fixed assets26€4k€4k=
Financial fixed assets28€919€919=
Current assets29/58€216k€142k▼
Stocks and contracts in progress3€29k€60k▲
Stocks30/36€29k€60k▲
Amounts receivable within one year40/41€139k€33k▼
Trade receivables40€30k€29k▼
Other amounts receivable41€109k€4k▼
Cash at bank and in hand54/58€42k€42k▲
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.77M€1.62M▼
Equity10/15€195k€208k▲
Contributions10/11€19k€19k=
Reserves13€177k€189k▲
Distributable reserves133€177k€189k▲
Amounts payable17/49€1.58M€1.41M▼
Amounts payable after more than one year17€1.04M€924k▼
Financial debts170/4€1.04M€924k▼
Amounts payable within one year42/48€537k€490k▼
Current portion of amounts payable after more than one year42€113k€116k▲
Trade debts44€175k€198k▲
Suppliers440/4€175k€198k▲
Advances received on contracts in progress46€20k€0▼
Taxes, remuneration and social security45€14k€7k▼
Taxes450/3€10k€7k▼
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€215k€169k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€115k▲
Other operating charges640/8€14k€21k▲
Gross operating margin9900€203k€198k▼
Operating profit (loss)9901€75k€62k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€50k€46k▼
Recurring financial charges65€50k€46k▼
Profit (loss) for the period before taxes9903€27k€18k▼
Income taxes67/77€8k€6k▼
Profit (loss) for the period9904€19k€12k▼
Profit (loss) for the period to be appropriated9905€19k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€12k▼
Transfer to equity691/2€19k€12k▼
To other reserves6921€19k€12k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €359 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85k | €79k | €109k | €114k | €115k | ▲ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3k | - | - | - |
| Other operating charges640/8 | €7k | €10k | €145k | €14k | €21k | ▲ 44.8% |
| Gross operating margin9900 | €127k | €122k | €322k | €203k | €198k | ▼ 2.5% |
| Operating profit (loss)9901 | €35k | €33k | €65k | €75k | €62k | ▼ 17.4% |
| Financial income75/76B | €2k | €2k | €2k | €1k | €2k | ▲ 59.7% |
| Recurring financial income75 | €2k | €2k | €2k | €1k | €2k | ▲ 59.7% |
| Financial charges65/66B | €13k | €14k | €43k | €50k | €46k | ▼ 7.4% |
| Recurring financial charges65 | €13k | €14k | €43k | €50k | €46k | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | €24k | €22k | €24k | €27k | €18k | ▼ 31.9% |
| Income taxes67/77 | €903 | €7k | €7k | €8k | €6k | ▼ 26.6% |
| Profit (loss) for the period9904 | €23k | €15k | €16k | €19k | €12k | ▼ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €23k | €15k | €16k | €19k | €12k | ▼ 34.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €926k | €916k | €1.81M | €1.77M | €1.62M | ▼ 8.5% |
| Fixed assets21/28 | €756k | €678k | €1.65M | €1.56M | €1.48M | ▼ 4.9% |
| Intangible fixed assets21 | - | - | €17k | €13k | €9k | ▼ 32.0% |
| Tangible fixed assets22/27 | €756k | €677k | €1.63M | €1.54M | €1.47M | ▼ 4.7% |
| Land and buildings22 | €706k | €649k | €1.62M | €1.52M | €1.45M | ▼ 4.9% |
| Plant, machinery and equipment23 | €1k | €167 | - | - | - | - |
| Furniture and vehicles24 | €44k | €23k | €14k | €14k | €16k | ▲ 11.0% |
| Other tangible fixed assets26 | €5k | €5k | €5k | €4k | €4k | = |
| Financial fixed assets28 | €919 | €919 | €919 | €919 | €919 | = |
| Current assets29/58 | €169k | €239k | €158k | €216k | €142k | ▼ 34.3% |
| Stocks and contracts in progress3 | €21k | €2k | €10k | €29k | €60k | ▲ 111% |
| Stocks30/36 | €21k | €2k | €10k | €29k | €60k | ▲ 111% |
| Amounts receivable within one year40/41 | €99k | €168k | €100k | €139k | €33k | ▼ 76.5% |
| Trade receivables40 | €53k | €40k | €25k | €30k | €29k | ▼ 2.0% |
| Other amounts receivable41 | €46k | €128k | €74k | €109k | €4k | ▼ 96.8% |
| Cash at bank and in hand54/58 | €45k | €63k | €43k | €42k | €42k | ▲ 0.9% |
| Deferred charges and accrued income490/1 | €5k | €6k | €6k | €7k | €7k | ▲ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €926k | €916k | €1.81M | €1.77M | €1.62M | ▼ 8.5% |
| Equity10/15 | €145k | €160k | €177k | €195k | €208k | ▲ 6.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €126k | €142k | €158k | €177k | €189k | ▲ 7.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €125k | €140k | €158k | €177k | €189k | ▲ 7.0% |
| Amounts payable17/49 | €781k | €756k | €1.63M | €1.58M | €1.41M | ▼ 10.3% |
| Amounts payable after more than one year17 | €646k | €585k | €1.25M | €1.04M | €924k | ▼ 11.2% |
| Financial debts170/4 | €646k | €585k | €1.25M | €1.04M | €924k | ▼ 11.2% |
| Amounts payable within one year42/48 | €134k | €172k | €380k | €537k | €490k | ▼ 8.7% |
| Current portion of amounts payable after more than one year42 | €69k | €62k | €118k | €113k | €116k | ▲ 2.3% |
| Trade debts44 | €23k | €2k | €164k | €175k | €198k | ▲ 13.4% |
| Suppliers440/4 | €23k | €2k | €164k | €175k | €198k | ▲ 13.4% |
| Advances received on contracts in progress46 | - | - | - | €20k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €5k | €11k | €11k | €14k | €7k | ▼ 48.7% |
| Taxes450/3 | €5k | €4k | €11k | €10k | €7k | ▼ 28.9% |
| Remuneration and social security454/9 | - | €7k | - | €4k | €0 | ▼ 100% |
| Other amounts payable47/48 | €37k | €96k | €86k | €215k | €169k | ▼ 21.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €15k | €16k | €19k | €12k | ▼ 34.0% |
| + Depreciation and write-downs630 | €85k | €79k | €109k | €114k | €115k | ▲ 1.3% |
| Operating cash flow (approximation) | €108k | €94k | €126k | €133k | €128k | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | €0 | €-1.08M | €-19k | €-39k | ▼ 103% |
| Change in cash | - | €19k | €-21k | €-1k | €390 | ▲ 133% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €12k ▼34%
Net result drops to €12k, the lowest in the series.
31-12
Financial
Equity above €200kEq €208k ▲6.4%
8 profitable years in a row build equity to €208k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €160k ▲10.6%
5 profitable years in a row build equity to €160k.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €24k ▲49.5%
Net result €24k, the highest in the series.
31-12
Financial
Equity above €100kEq €122k ▲25.1%
3 profitable years in a row build equity to €122k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-07
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zulte · 2 establishment units since 2000
Ground area
2,126 m²
Building footprint
361 m²
Volume, LiDAR
1,289 m³
2 parcels, Flanders, Wallonia · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Kruishoutemstraat 2, 9870 Zulte
since 20002.099.448.796
Dubo Durbuy
since 20252.376.257.597
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44037B0957/00B003 | Flanders | 1,271 m² | 1 · 250 m² | 10.2 m · 2 fl. |
| 83016B1098/00D000 | Wallonia | 856 m² | 1 · 111 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 90 EUR awarded · 90 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 90 EUR | 90 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 endedTechnicus hernieuwbare energietechnieken duaal (so)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,205 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-02-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Contact
Scores and ratios are computed by Checked and are not a credit decision.