DUFINCO
ActiveSummary
DUFINCO has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106.86M and a net result of €-639k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 1202 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+9
Solvency100=
Growth62▲+2
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 19.42 against 18.78 in 2024; short-term debt: 3.2% and cash: 0.1% of total assets), and 3.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
96.8%
Return on assets
-0.6%
Age of the figures
9 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 22-04-2026, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
100 d early
2024
86 d early
2023
98 d early
2022
101 d early
2021
97 d early
2020
94 d early
2019
66 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€559k▲ 10.0%
2024 · €508k
2018: €589k
2019: €529k
2020: €525k
2021: €504k
2022: €508k
2023: €578k
2024: €508k
2018 → 2025
EBIT margin
73.5%▼ 6.7pp
2024 · 80.2%
2018: 85.1%
2019: 94.8%
2020: -13.6%
2021: 71.7%
2022: 69.3%
2023: 69.4%
2024: 80.2%
2018 → 2025
Net result
€-639k
2024 · €40.46M
2018: €-4.70M
2019: €1.77M
2020: €-952k
2021: €5.96M
2022: €731k
2023: €4.36M
2024: €40.46M
2018 → 2025
Working capital
€65.47M▼ 6.4%
2024 · €69.97M
2018: €39.68M
2019: €49.71M
2020: €48.34M
2021: €55.63M
2022: €33.06M
2023: €31.68M
2024: €69.97M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€504k-€508k▲ 0.8%€578k▲ 13.7%€508k▼ 12.1%€559k▲ 10.0%
Equity€73.05M-€62.68M▼ 14.2%€67.04M▲ 7.0%€107.50M▲ 60.3%€106.86M▼ 0.6%
Operating result€362k-€353k▼ 2.6%€401k▲ 13.9%€407k▲ 1.5%€411k▲ 0.8%
Net result€5.96M-€731k▼ 87.7%€4.36M▲ 497%€40.46M▲ 827%€-639k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110.41M
Fixed assets
€41.39M ▲ 10.3%
Current assets
€69.02M ▼ 6.6%
Equity and liabilities €110.41M
Equity
€106.86M ▼ 0.6%
Debt
€3.55M ▼ 9.7%
Debt's share of the balance-sheet total falls from 3.5% to 3.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€421k▲
2024 · €418k
Cash flow
€-629k▼
2024 · €40.47M
Current ratio
19.42▲
2024 · 18.78
Debt to equity
0.03▼
2024 · 0.04
ROE
-0.6%▼
2024 · 37.6%
ROA
-0.6%▼
2024 · 36.3%
Interest coverage
8.17▲
2024 · 0.55
Debt ≤ 1 year
€3.55M▼
2024 · €3.93M
Income taxes
€2k▼
2024 · €4.05M
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€111.43M€110.41M▼
Fixed assets21/28€37.53M€41.39M▲
Tangible fixed assets22/27€723k€713k▼
Land and buildings22€303k€300k▼
Furniture and vehicles24€8k€517▼
Other tangible fixed assets26€413k€413k=
Financial fixed assets28€36.81M€40.68M▲
Current assets29/58€73.90M€69.02M▼
Amounts receivable after more than one year29€3.34M€3.14M▼
Other amounts receivable291€3.34M€3.14M▼
Amounts receivable within one year40/41€928k€623k▼
Other amounts receivable41€928k€623k▼
Current investments50/53€65.55M€65.19M▼
Cash at bank and in hand54/58€4.08M€66k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€111.43M€110.41M▼
Equity10/15€107.50M€106.86M▼
Contributions10/11€40.86M€40.86M=
Outside capital11€40.86M€40.86M=
Other1109/19€40.86M€40.86M=
Reserves13€66.64M€66.00M▼
Distributable reserves133€66.64M€66.00M▼
Amounts payable17/49€3.93M€3.55M▼
Amounts payable within one year42/48€3.93M€3.55M▼
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€3.55M€3.55M=
Taxes450/3€3.55M€3.55M=
Other amounts payable47/48€381k€5k▼
Income statement
Code20242025
Turnover70€508k€559k▲
Goods, raw materials, services and sundry goods60/61€88k€137k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€2k€358▼
Gross operating margin9900€420k€421k▲
Operating profit (loss)9901€407k€411k▲
Financial income75/76B€47.00M€1.83M▼
Recurring financial income75€47.00M€1.83M▼
Financial charges65/66B€2.90M€2.88M▼
Recurring financial charges65€755k€52k▼
Non-recurring financial charges66B€2.15M€2.83M▲
Profit (loss) for the period before taxes9903€44.50M€-637k▼
Income taxes67/77€4.05M€2k▼
Profit (loss) for the period9904€40.46M€-639k▼
Profit (loss) for the period to be appropriated9905€40.46M€-639k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40.46M€-639k▼
Transfer from equity791/2-€639k
Transfer to equity691/2€40.46M-
To other reserves6921€40.46M-
The notes to these accounts (6 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
19-08
State Gazette act
Capital & shares · RestructuringAppointments: DUBAERE John (director) and DUBAERE Thomas Henri (director) · Share cancellation · Reserve release12 facts ▸
State Gazette act
Capital & shares · Restructuring
Appointments: DUBAERE John (director) and DUBAERE Thomas Henri (director) · Share cancellation · Reserve release12 facts ▸
- General meeting, 18-06-2026
- Share cancellation, 50, 2262000
- Reserve release, 2262000, EUR
- Demerger, partielle splitsing, EUR
- Real estate, Perceel grond Grote Grammaire (lot 1), perceel grond met weg Ambachtenlaan (lot 1), industrieel gebouw Ambachtenlaan 12
- Incorporation, 18-06-2026
- Founding capital
- Director appointment, DUBAERE John (director)
- Director appointment, DUBAERE Thomas Henri (director)
- Share issue, splitsing, 3
- Statutes amendment
- Accounting effect, 01-01-2026
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €40.46M ▲827%
Net result €40.46M, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 18.78
Current ratio from 4.44 to 18.78; short-term debt falls from €9.22M to €3.93M.
31-12
Financial
Equity above €100MEq €107.50M ▲60.3%
4 profitable years in a row build equity to €107.50M.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €5.96M
Net result €5.96M after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Back to profitnet €1.77M
Net result €1.77M after one loss-making year.
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
DUBAERE Thomas Henri
CurrentDirector · since 18-06-2026
John DUBAERE
CurrentDirector · since 18-06-2026
18-06-2026
DUBAERE Thomas Henri: Appointed as Director
18-06-2026
John DUBAERE: Appointed as Director
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 1982
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 123001 LeuvenGround area
9,582 m²
Building footprint
4,299 m²
Volume, LiDAR
34,642 m³
Parcel 24514C0015/00N003, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ambachtenlaan 12, 3001 Leuven
since 19822.012.503.441
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0015/00N003 | Flanders | 9,582 m² | 1 · 4,299 m² | 9.8 m · 3 fl. |
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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
via John DUBAERE and DUBAERE Thomas Henri · Non-statutory director
→
Acquisitions and mergers
1 transactionSplit off to:IMEXCO
Capital and shareholders
Capital over the years
- 19-08-2026 Incorporation · 300 shares
Recognitions · licences · registrations
Legal Entity Identifier
967600CD1CQX75Q25876
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Of 1,280 companies in sector 81100 we hold annual accounts for 677. 40 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-1976
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.