Summary
Conclusion
the dossier summarised in one paragraphDUFRA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.10M and a net result of €304k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 1211 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 8 annual accounts.
Signals
3 signals · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 78% of 1211 peers (2025). A comfortable equity buffer.
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-09-2025 | 30-04-2026 | 29-04-2026 | 1 d early | 2026-00099944 |
| 30-09-2024 | 30-04-2025 | 24-03-2025 | 37 d early | 2025-00052216 |
| 30-09-2023 | 30-04-2024 | 15-03-2024 | 46 d early | 2024-00046968 |
| 30-09-2022 | 30-04-2023 | 05-04-2023 | 25 d early | 2023-00054014 |
| 30-09-2021 | 30-04-2022 | 13-04-2022 | 17 d early | 2022-20003591 |
| 30-09-2020 | 30-04-2021 | 06-04-2021 | 24 d early | 2021-10000244 |
| 30-09-2019 | 30-04-2020 | 24-03-2020 | 37 d early | 2020-07300541 |
| 30-09-2018 | 30-04-2019 | 29-04-2019 | 1 d early | 2019-11400355 |
| 30-09-2017 | 30-04-2018 | 22-05-2018 | 22 d late | 2018-13700293 |
| 30-09-2016 | 30-04-2017 | 10-05-2017 | 10 d late | 2017-11700365 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 2005, 21 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneThis is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
Financials
Equity€1.10M+25.6%
Net result€304k-19.0%
Total assets€1.43M+30.0%
Solvency76.9%-2.7pp
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 29-04-2026 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~27.6%/year over 8 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 64, Financial services · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 76.9% | 47.4% | |
| Net result | €304k | €43k | |
| Equity | €1.10M | €85k | |
| Gross operating margin | €477k | €70k | |
| Total assets | €1.43M | €211k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P78
Improving position over 2020-2025
· n=357-3139
P95
Stable position over 2020-2025
· n=356-3135
P95
Improving position over 2020-2025
· n=357-3140
P95
Stable position over 2020-2025
· n=354-3132
Describes the position versus peers, not a forecast.
€304k
-19.0%
18-25
€1.43M
+30.0%
18-25
€1.10M
+25.6%
18-25
€131k
-22.4%
18-25
€80k
-
18-25
€330k
+47.3%
18-25
€261k
+87.0%
18-25
€63k
-22.6%
18-25
76.9%
-3.4%
18-25
27.7%
-35.5%
18-25
21.3%
-37.7%
18-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €304k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | €131k |
| Dividends | €80k |
| Total assets | €1.43M |
| Equity | €1.10M |
| Debt | €330k |
| of which ≤ 1y | €261k |
| of which > 1y | €63k |
| Working capital | n/a |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 76.9% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | 21.3% |
| ROE | 27.7% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.43M |
| Fixed assets | 21/28 | €290k |
| Tangible fixed assets | 22/27 | €290k |
| Current assets | 29/58 | €1.14M |
| Amounts receivable within one year | 40/41 | €206k |
| Cash & bank | 54/58 | €931k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.43M |
| Equity | 10/15 | €1.10M |
| Contributions / capital | 10/11 | €12k |
| Reserves | 13 | €1.09M |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €330k |
| Amounts payable after one year | 17 | €63k |
| Amounts payable within one year | 42/48 | €261k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €477k |
| Operating result | 9901 | €442k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €9k |
| Result before taxes | 9903 | €435k |
| Income taxes | 67/77 | €131k |
| Net result for the period | 9904 | €304k |
| Result to be appropriated | 9905 | €304k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computedModel not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.
Structure & network
Connections & network
2 connected companiesGroup structure
We sit on their board · 1 location
→
We sit on their board · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
2 partiesDUFRABE 0874.162.515
controls
Where this company holds controlthis company sits on their board2
1 location
1 location
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Klijtstraat 1558870 IzegemEstablishment units
1 locationDUFRA
since 20052.147.606.130
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area780 m²
Buildings1
Building footprint117 m²
Volume (LiDAR)784 m³
Tallest building10.1 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D1215/00H000 | Flanders | 780 m² | 1 · 117 m² | 10.1 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
3 acts All acts · 3
updated 1 month ago
2026
15-06-2026 Officer resignation · Officer appointment · Mandate term · Representation rule
- Filing: 2026-06-05 · Amintas
- Publication: 2026-06-15 · Amintas
- Officer resignation: date: 2026-04-30, role: gedelegeerd bestuurder · DUFRA BV
- Officer resignation: date: 2026-04-30, role: gedelegeerd bestuurder · POWERMAT BV
- Officer appointment: date: 2026-04-30, role: gedelegeerd bestuurder · M13 INVESTISSEMENTS SAS
- Mandate term: role: gedelegeerd bestuurder, duration: duur van zijn mandaat als Bestuurder van de Vennootschap · M13 INVESTISSEMENTS SAS
- Officer appointment: date: 2026-04-30, role: persoon belast met het dagelijks bestuur · Glenn Van Damme
- Representation rule: role: persoon belast met het dagelijks bestuur, powers: alle beslissings- en vertegenwoordigingsbevoegdheden in het kader van het dagelijks bestuur · Glenn Van Damme
- Share distribution: date: 2026-04-30, description: vereniging van alle aandelen in één hand · Amintas
- Officer resignation: date: 2026-04-30, role: bestuurder · DUFRA BV
- Officer resignation: date: 2026-04-30, role: bestuurder · POWERMAT BV
- Officer appointment: date: 2026-04-30, role: niet-statutaire bestuurder · M12 INVESTISSEMENTS SAS
- Officer appointment: date: 2026-04-30, role: niet-statutaire bestuurder · M13 INVESTISSEMENTS SAS
- Officer appointment: date: 2026-04-30, role: niet-statutaire bestuurder · M14 INVESTISSEMENTS SAS
- Mandate term: role: niet-statutaire bestuurder, duration: zes (6) jaar · M12 INVESTISSEMENTS SAS
- Mandate term: role: niet-statutaire bestuurder, duration: zes (6) jaar · M13 INVESTISSEMENTS SAS
- Mandate term: role: niet-statutaire bestuurder, duration: zes (6) jaar · M14 INVESTISSEMENTS SAS
- Mandate compensation: role: niet-statutaire bestuurder, compensation: onbezoldigd · M12 INVESTISSEMENTS SAS
- Mandate compensation: role: niet-statutaire bestuurder, compensation: onbezoldigd · M13 INVESTISSEMENTS SAS
- Mandate compensation: role: niet-statutaire bestuurder, compensation: onbezoldigd · M14 INVESTISSEMENTS SAS
- Governance rule: rule: domicile at seat · M12 INVESTISSEMENTS SAS
- Governance rule: rule: domicile at seat · M13 INVESTISSEMENTS SAS
- Governance rule: rule: domicile at seat · M14 INVESTISSEMENTS SAS
- Act object: ontslag en benoeming gedelegeerd bestuurders - benoeming van persoon
Summary:
Officer resignation · Officer appointment · Mandate term · Representation ruleNotary:
Louise-Cécile Lauwers
12-06-2026 Officer resignation · Officer appointment · Mandate term · Permanent representative
- Filing: 2026-06-04 · Dutry Power
- Publication: 2026-06-12 · Dutry Power
- Officer resignation: date: 2026-04-30, role: gedelegeerd bestuurder · DUFRA BV
- Officer resignation: date: 2026-04-30, role: gedelegeerd bestuurder · POWERMAT BV
- Officer appointment: date: 2026-04-30, role: gedelegeerd bestuurder · M13 INVESTISSEMENTS SAS
- Mandate term: role: gedelegeerd bestuurder, duration: duur van zijn mandaat als Bestuurder van de Vennootschap · M13 INVESTISSEMENTS SAS
- Permanent representative: date: 2026-04-30, role: persoon belast met het dagelijks bestuur · Glenn Van Damme
- Representation rule: role: persoon belast met het dagelijks bestuur, powers: alle beslissings- en vertegenwoordigingsbevoegdheden in het kader van het dagelijks bestuur · Glenn Van Damme
- Officer resignation: date: 2026-04-30, role: bestuurder · DUFRA BV
- Officer resignation: date: 2026-04-30, role: bestuurder · POWERMAT BV
- Officer appointment: date: 2026-04-30, role: niet-statutair bestuurder · M12 INVESTISSEMENTS SAS
- Officer appointment: date: 2026-04-30, role: niet-statutair bestuurder · M13 INVESTISSEMENTS SAS
- Officer appointment: date: 2026-04-30, role: niet-statutair bestuurder · M14 INVESTISSEMENTS SAS
- Mandate term: role: niet-statutair bestuurder, duration: 6 jaar · M12 INVESTISSEMENTS SAS
- Mandate term: role: niet-statutair bestuurder, duration: 6 jaar · M13 INVESTISSEMENTS SAS
- Mandate term: role: niet-statutair bestuurder, duration: 6 jaar · M14 INVESTISSEMENTS SAS
- Mandate compensation: role: niet-statutair bestuurder, compensation: onbezoldigd · M12 INVESTISSEMENTS SAS
- Mandate compensation: role: niet-statutair bestuurder, compensation: onbezoldigd · M13 INVESTISSEMENTS SAS
- Mandate compensation: role: niet-statutair bestuurder, compensation: onbezoldigd · M14 INVESTISSEMENTS SAS
- Governance rule: rule: domicile at seat · M12 INVESTISSEMENTS SAS
- Governance rule: rule: domicile at seat · M13 INVESTISSEMENTS SAS
- Governance rule: rule: domicile at seat · M14 INVESTISSEMENTS SAS
- Act object: ontslag en benoeming gedelegeerd bestuurders - benoeming van persoon
Summary:
Officer resignation · Officer appointment · Mandate term · Permanent representative
10-06-2026 Board meeting · Officer resignation · Officer appointment · Mandate term
- Filing: 2026-06-03 · DUTRY POWER LUX
- Publication: 2026-06-10 · DUTRY POWER LUX
- Board meeting: 2026-04-30 · DUTRY POWER LUX
- Officer resignation: date: 2026-04-30, role: administrateur délégué · DUFRA
- Officer resignation: date: 2026-04-30, role: administrateur délégué · POWERMAT
- Officer appointment: date: 2026-04-30, role: administrateur délégué · M13 INVESTISSEMENTS SAS
- Mandate term: toute la durée de son mandat d'Administrateur de la Société, y compris les éventuels renouvellements de ce mandat d'Administrateur · M13 INVESTISSEMENTS SAS
- Officer appointment: date: 2026-04-30, role: personne déléguée à la gestion journalière · Glenn Van Damme
- Representation rule: tous les pouvoirs de décision et de représentation dans le cadre de la gestion journalière, telle que décrite à l'article 5:79, deuxième alinéa du CSA · Glenn Van Damme
- General meeting: 2026-04-30 · DUTRY POWER LUX
- Officer resignation: date: 2026-04-30, role: administrateur · DUFRA
- Officer resignation: date: 2026-04-30, role: administrateur · POWERMAT
- Officer appointment: date: 2026-04-30, role: administrateur non statutaire · M12 INVESTISSEMENTS SAS
- Officer appointment: date: 2026-04-30, role: administrateur non statutaire · M13 INVESTISSEMENTS SAS
- Officer appointment: date: 2026-04-30, role: administrateur non statutaire · M14 INVESTISSEMENTS SAS
- Mandate term: durée indéterminée · M12 INVESTISSEMENTS SAS
- Mandate term: durée indéterminée · M13 INVESTISSEMENTS SAS
- Mandate term: durée indéterminée · M14 INVESTISSEMENTS SAS
- Governance rule: élisent domicile au siège de la Société pour toutes les questions qui concernent leurs mandats · M12 INVESTISSEMENTS SAS
- Governance rule: élisent domicile au siège de la Société pour toutes les questions qui concernent leurs mandats · M13 INVESTISSEMENTS SAS
- Governance rule: élisent domicile au siège de la Société pour toutes les questions qui concernent leurs mandats · M14 INVESTISSEMENTS SAS
- Act object: démission et nomination d'administrateurs délégués - nomination d'une
Summary:
Board meeting · Officer resignation · Officer appointment · Mandate term
Analysis
Snowflake analysis
financial profile on 5 axes94
/ 100
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
Health
-
Profitability
100
Solvency
100
Growth
78
Stability
100
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We hold annual accounts for 5,518 of the 24,679 companies in this sector. 2,768 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Holdings64200Activiteiten van holdings64210Managementactiviteiten van holdings74151Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Beheer van overig onroerend goed70322Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142Diverse ondersteunende activiteiten ten behoeve van voorzieningen81100Diverse ondersteunende activiteiten ten behoeve van voorzieningen81100
Primary activity highlighted.
Names & trade names
| Legal nameNL | DUFRA |
Registered office
Klijtstraat 155
8870 Izegem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.