DUBRUL
ActiveSummary
DUBRUL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €911k and a net result of €183k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+4
Solvency92▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.85 in 2024; short-term debt: 21.2% and cash: 17.1% of total assets), and 33% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67%
Return on assets
13.5%
Age of the figures
9 mo
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
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
31 d early
2023
16 d early
2022
33 d early
2021
46 d early
2020
33 d early
2019
29 d early
← 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
€911k▲ 25.2%
2024 · €727k
2018: €221klowest in 8 years
2019: €237k▲ +7.3% vs 2018
2020: €390k▲ +64.7% vs 2019
2021: €503k▲ +28.9% vs 2020
2022: €604k▲ +20.2% vs 2021
2023: €712k▲ +17.8% vs 2022
2024: €727k▲ +2.2% vs 2023
2025: €911k▲ +25.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.36M▲ 9.2%
2024 · €1.24M
2018: €869klowest in 8 years
2019: €872k▲ +0.4% vs 2018
2020: €990k▲ +13.6% vs 2019
2021: €1.20M▲ +21.4% vs 2020
2022: €1.13M▼ -5.8% vs 2021
2023: €1.26M▲ +11.0% vs 2022
2024: €1.24M▼ -0.9% vs 2023
2025: €1.36M▲ +9.2% vs 2024highest in 8 years
2018 → 2025
Net result
€183k▲ 44.2%
2024 · €127k
2018: €87k
2019: €61k▼ -30.0% vs 2018lowest in 8 years
2020: €153k▲ +151% vs 2019
2021: €113k▼ -26.3% vs 2020
2022: €102k▼ -10.0% vs 2021
2023: €108k▲ +6.1% vs 2022
2024: €127k▲ +18.0% vs 2023
2025: €183k▲ +44.2% vs 2024highest in 8 years
2018 → 2025
Working capital
€249k▲ 4.4%
2024 · €239k
2018: €-20k
2019: €-42k▼ -113% vs 2018lowest in 8 years
2020: €84k▲ +298% vs 2019
2021: €140k▲ +67.4% vs 2020
2022: €201k▲ +43.6% vs 2021
2023: €298k▲ +48.5% vs 2022highest in 8 years
2024: €239k▼ -19.9% vs 2023
2025: €249k▲ +4.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€503k-€604k▲ 20.2%€712k▲ 17.8%€727k▲ 2.2%€911k▲ 25.2%
2021: €503klowest in 5 years
2022: €604k▲ +20.2% vs 2021
2023: €712k▲ +17.8% vs 2022
2024: €727k▲ +2.2% vs 2023
2025: €911k▲ +25.2% vs 2024highest in 5 years
Operating result€176k-€148k▼ 16.3%€169k▲ 14.8%€186k▲ 9.8%€109k▼ 41.6%
2021: €176k
2022: €148k▼ -16.3% vs 2021
2023: €169k▲ +14.8% vs 2022
2024: €186k▲ +9.8% vs 2023highest in 5 years
2025: €109k▼ -41.6% vs 2024lowest in 5 years
Net result€113k-€102k▼ 10.0%€108k▲ 6.1%€127k▲ 18.0%€183k▲ 44.2%
2021: €113k
2022: €102k▼ -10.0% vs 2021lowest in 5 years
2023: €108k▲ +6.1% vs 2022
2024: €127k▲ +18.0% vs 2023
2025: €183k▲ +44.2% vs 2024highest 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 42% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€822k ▲ 13.4%
Current assets
€538k ▲ 3.3%
Equity and liabilities €1.36M
Equity
€911k ▲ 25.2%
Debt
€449k ▼ 13.3%
Debt's share of the balance-sheet total falls from 41.6% to 33.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€215k▼
2024 · €273k
Cash flow
€290k▲
2024 · €214k
Current ratio
1.86▲
2024 · 1.85
Quick ratio
1.75▲
2024 · 1.70
Debt to equity
0.49▼
2024 · 0.71
ROE
20.1%▲
2024 · 17.5%
ROA
13.5%▲
2024 · 10.2%
Interest coverage
7.94▼
2024 · 12.95
Debt ≤ 1 year
€288k▲
2024 · €282k
Debt > 1 year
€158k▼
2024 · €236k
Income taxes
€84k▲
2024 · €48k
Staff costs
€445k▲
2024 · €439k
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 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.24M€1.36M▲
Fixed assets21/28€724k€822k▲
Tangible fixed assets22/27€719k€821k▲
Land and buildings22€599k€740k▲
Plant, machinery and equipment23€76k€53k▼
Furniture and vehicles24€15k€10k▼
Leasing and similar rights25€29k€18k▼
Financial fixed assets28€5k€818▼
Current assets29/58€521k€538k▲
Amounts receivable after more than one year29€100k€50k▼
Other amounts receivable291€100k€50k▼
Stocks and contracts in progress3€42k€33k▼
Stocks30/36€42k€33k▼
Amounts receivable within one year40/41€159k€214k▲
Trade receivables40€86k€64k▼
Other amounts receivable41€72k€150k▲
Current investments50/53€8k€8k=
Cash at bank and in hand54/58€212k€233k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.36M▲
Equity10/15€727k€911k▲
Contributions10/11€20k€20k=
Reserves13€646k€829k▲
Distributable reserves133€646k€829k▲
Profit (loss) carried forward14€61k€61k=
Amounts payable17/49€518k€449k▼
Amounts payable after more than one year17€236k€158k▼
Financial debts170/4€236k€158k▼
Amounts payable within one year42/48€282k€288k▲
Current portion of amounts payable after more than one year42€70k€78k▲
Financial debts43€25k€25k=
Credit institutions430/8€25k€25k=
Trade debts44€129k€136k▲
Suppliers440/4€129k€136k▲
Taxes, remuneration and social security45€58k€50k▼
Taxes450/3€3k€19k▲
Remuneration and social security454/9€55k€30k▼
Other amounts payable47/48-€96
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Remuneration, social security and pensions62€439k€445k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€106k▲
Other operating charges640/8€5k€9k▲
Gross operating margin9900€717k€669k▼
Operating profit (loss)9901€186k€109k▼
Financial income75/76B€10k€186k▲
Recurring financial income75€10k€9k▼
Non-recurring financial income76B-€176k
Financial charges65/66B€21k€27k▲
Recurring financial charges65€21k€27k▲
Profit (loss) for the period before taxes9903€175k€267k▲
Income taxes67/77€48k€84k▲
Profit (loss) for the period9904€127k€183k▲
Profit (loss) for the period to be appropriated9905€127k€183k▲
Appropriation of the result
Profit (loss) to be appropriated9906€189k€245k▲
Profit (loss) brought forward from the previous period14P€61k€61k=
Transfer from equity791/2€87k€0▼
Transfer to equity691/2€103k€183k▲
To other reserves6921€103k€183k▲
Profit to be distributed694/7€112k€0▼
Return on contributions (dividend)694€112k€0▼
Social balance
Average headcount (FTE)90878.57.4▼
The notes to these accounts (18 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | €15k | €2k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €208k | €255k | €368k | €439k | €445k | ▲ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57k | €70k | €86k | €87k | €106k | ▲ 22.7% |
| Other operating charges640/8 | €5k | €8k | €10k | €5k | €9k | ▲ 97.9% |
| Gross operating margin9900 | €446k | €481k | €633k | €717k | €669k | ▼ 6.6% |
| Operating profit (loss)9901 | €176k | €148k | €169k | €186k | €109k | ▼ 41.6% |
| Financial income75/76B | €68 | €6k | €6k | €10k | €186k | ▲ 1,714% |
| Recurring financial income75 | €68 | €6k | €6k | €10k | €9k | ▼ 9.1% |
| Non-recurring financial income76B | - | - | - | - | €176k | - |
| Financial charges65/66B | €18k | €18k | €20k | €21k | €27k | ▲ 28.5% |
| Recurring financial charges65 | €18k | €18k | €20k | €21k | €27k | ▲ 28.5% |
| Profit (loss) for the period before taxes9903 | €159k | €135k | €155k | €175k | €267k | ▲ 52.7% |
| Income taxes67/77 | €46k | €33k | €47k | €48k | €84k | ▲ 75.1% |
| Profit (loss) for the period9904 | €113k | €102k | €108k | €127k | €183k | ▲ 44.2% |
| Profit (loss) for the period to be appropriated9905 | €113k | €102k | €108k | €127k | €183k | ▲ 44.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.20M | €1.13M | €1.26M | €1.24M | €1.36M | ▲ 9.2% |
| Fixed assets21/28 | €664k | €706k | €664k | €724k | €822k | ▲ 13.4% |
| Tangible fixed assets22/27 | €659k | €701k | €659k | €719k | €821k | ▲ 14.2% |
| Land and buildings22 | €552k | €532k | €496k | €599k | €740k | ▲ 23.6% |
| Plant, machinery and equipment23 | €90k | €108k | €101k | €76k | €53k | ▼ 30.1% |
| Furniture and vehicles24 | €17k | €9k | €22k | €15k | €10k | ▼ 32.7% |
| Leasing and similar rights25 | - | €52k | €40k | €29k | €18k | ▼ 39.5% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €818 | ▼ 84.6% |
| Current assets29/58 | €537k | €427k | €592k | €521k | €538k | ▲ 3.3% |
| Amounts receivable after more than one year29 | €250k | €200k | €150k | €100k | €50k | ▼ 50.0% |
| Other amounts receivable291 | €250k | €200k | €150k | €100k | €50k | ▼ 50.0% |
| Stocks and contracts in progress3 | €29k | €35k | €44k | €42k | €33k | ▼ 21.2% |
| Stocks30/36 | €29k | €35k | €44k | €42k | €33k | ▼ 21.2% |
| Amounts receivable within one year40/41 | €58k | €62k | €244k | €159k | €214k | ▲ 34.9% |
| Trade receivables40 | €28k | €47k | €100k | €86k | €64k | ▼ 26.3% |
| Other amounts receivable41 | €30k | €15k | €144k | €72k | €150k | ▲ 108% |
| Current investments50/53 | €8k | €8k | €8k | €8k | €8k | = |
| Cash at bank and in hand54/58 | €191k | €121k | €143k | €212k | €233k | ▲ 9.8% |
| Deferred charges and accrued income490/1 | - | - | €2k | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.20M | €1.13M | €1.26M | €1.24M | €1.36M | ▲ 9.2% |
| Equity10/15 | €503k | €604k | €712k | €727k | €911k | ▲ 25.2% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €421k | €523k | €630k | €646k | €829k | ▲ 28.4% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €419k | €521k | €630k | €646k | €829k | ▲ 28.4% |
| Profit (loss) carried forward14 | €61k | €61k | €61k | €61k | €61k | = |
| Amounts payable17/49 | €699k | €528k | €545k | €518k | €449k | ▼ 13.3% |
| Amounts payable after more than one year17 | €302k | €303k | €251k | €236k | €158k | ▼ 33.2% |
| Financial debts170/4 | €302k | €303k | €251k | €236k | €158k | ▼ 33.2% |
| Amounts payable within one year42/48 | €397k | €226k | €294k | €282k | €288k | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | €66k | €80k | €72k | €70k | €78k | ▲ 11.7% |
| Financial debts43 | €55k | €25k | €60k | €25k | €25k | = |
| Credit institutions430/8 | €55k | €25k | €60k | €25k | €25k | = |
| Trade debts44 | €120k | €72k | €112k | €129k | €136k | ▲ 5.5% |
| Suppliers440/4 | €120k | €72k | €112k | €129k | €136k | ▲ 5.5% |
| Taxes, remuneration and social security45 | €9k | €25k | €50k | €58k | €50k | ▼ 15.0% |
| Taxes450/3 | €1k | €3k | €0 | €3k | €19k | ▲ 595% |
| Remuneration and social security454/9 | €8k | €21k | €50k | €55k | €30k | ▼ 45.3% |
| Other amounts payable47/48 | €147k | €24k | €0 | - | €96 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113k | €102k | €108k | €127k | €183k | ▲ 44.2% |
| + Depreciation and write-downs630 | €57k | €70k | €86k | €87k | €106k | ▲ 22.7% |
| Operating cash flow (approximation) | €170k | €172k | €193k | €214k | €290k | ▲ 35.5% |
| Investment in fixed assets (approximation) | - | €-112k | €-44k | €-147k | €-204k | ▼ 39.0% |
| Change in cash | - | €-70k | €22k | €68k | €21k | ▼ 69.7% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €183k ▲44.2%
Net result €183k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €503k ▲28.9%
4 profitable years in a row build equity to €503k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €61k ▼30%
Net result drops to €61k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
6 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, Kortrijk · 1 establishment unit since 2014
Ground area
965 m²
Building footprint
729 m²
Volume, LiDAR
2,359 m³
Parcel 34033A0180/00V000, Flanders · tallest building 4.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vishandel Traiteur Dubrul
since 20142.226.965.491
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34033A0180/00V000 | Flanders | 965 m² | 1 · 729 m² | 4.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
Food safety, FASFC
1 siteKortrijk2.226.965.491
Dual-learning approval
3 endedKeukenmedewerker (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Legal Entity Identifier
98450065E6874XZF0346
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Of 465 companies in sector 47230 we hold annual accounts for 269. 119 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
Founded22-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47230Retail trade
46370Wholesale trade
46392Non-specialised wholesale
Scores and ratios are computed by Checked and are not a credit decision.