Dulsster
ActiveDulsster has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €-7k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-88
Solvency58▼-30
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 1.78 in 2024; short-term debt: 67.1% and cash: 0.1% of total assets), and 67.3% of the assets are financed with debt.
Credit advice 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.7%
Return on assets
-9.7%
Age of the figures
12 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 · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-05-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
5 d early
2023
47 d early
2022
59 d early
2021
52 d early
2020
22 d early
2019
14 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 22.9%
2024 · €32k
2018: €33k
2019: €40k
2020: €24k
2021: €16k
2022: €14k
2023: €25k
2024: €32k
2018 → 2025
Total assets
€77k▲ 49.4%
2024 · €51k
2018: €60k
2019: €54k
2020: €45k
2021: €43k
2022: €50k
2023: €34k
2024: €51k
2018 → 2025
Net result
€-7k
2024 · €18k
2018: €-338
2019: €8k
2020: €-3k
2021: €-8k
2022: €-2k
2023: €11k
2024: €18k
2018 → 2025
Working capital
€-2k
2024 · €14k
2018: €19k
2019: €33k
2020: €22k
2021: €15k
2022: €14k
2023: €25k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€14k▼ 13.2%€25k▲ 80.9%€32k▲ 32.4%€25k▼ 22.9%
Operating result€-8k-€-1k▲ 81.4%€12k€25k▲ 108%€-3k
Net result€-8k-€-2k▲ 74.6%€11k€18k▲ 63.5%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €25k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77k
Fixed assets
€28k▲ 46.6%
Current assets
€49k▲ 51.0%
Equity and liabilities €77k
Equity
€25k▼ 22.9%
Debt
€51k▲ 175%
The debt ratio rises from 36.6% to 67.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €26k
Cash flow
€-2k▼
2024 · €19k
Solvency
32.7%▼
2024 · 63.4%
Current ratio
0.95▼
2024 · 1.78
Quick ratio
0.79▼
2024 · 1.21
Debt / equity
2.06▲
2024 · 0.58
ROE
-29.7%▼
2024 · 55.2%
ROA
-9.7%▼
2024 · 35.0%
Interest coverage
0.60▼
2024 · 113.37
Debt
€51k▲
2024 · €19k
Debt ≤ 1 year
€51k▲
2024 · €18k
Income taxes
€214▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€51k€77k▲
Fixed assets21/28€19k€28k▲
Tangible fixed assets22/27€19k€28k▲
Plant, machinery and equipment23-€4k
Other tangible fixed assets26€19k€23k▲
Current assets29/58€32k€49k▲
Stocks and contracts in progress3€10k€8k▼
Stocks30/36€10k€8k▼
Amounts receivable within one year40/41€16k€39k▲
Trade receivables40€15k€35k▲
Other amounts receivable41€649€4k▲
Current investments50/53€4k€0▼
Cash at bank and in hand54/58€859€68▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€51k€77k▲
Equity10/15€32k€25k▼
Contributions10/11€19k€19k=
Reserves13€14k€14k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€0€-7k▼
Amounts payable17/49€19k€51k▲
Amounts payable within one year42/48€18k€51k▲
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€2k€10k▲
Suppliers440/4€2k€10k▲
Taxes, remuneration and social security45€6k€6k▼
Taxes450/3€6k€6k▼
Other amounts payable47/48€10k€30k▲
Accrued charges and deferred income492/3€595€160▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€6k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€27k€4k▼
Operating profit (loss)9901€25k€-3k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€230€4k▲
Recurring financial charges65€230€4k▲
Profit (loss) for the period before taxes9903€25k€-7k▼
Income taxes67/77€7k€214▼
Profit (loss) for the period9904€18k€-7k▼
Profit (loss) for the period to be appropriated9905€18k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€-7k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€8k€0▼
To the legal reserve6920€8k€0▼
To other reserves6921€0-
Profit to be distributed694/7€10k€0▼
Return on contributions (dividend)694€10k€0▼
The notes to these accounts (5 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
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €18k ▲63.5%
Operating result €25k, net result €18k, both a record.
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
30-09
Financial
Liquidity triplescurrent ratio 4.10
Current ratio from 1.37 to 4.10; short-term debt falls from €36k to €8k.
02-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
30-09
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-03
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.
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, Staden · 1 establishment unit since 2015
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.
Provinciebaan(STA) 728840 StadenGround area
2,673 m²
Building footprint
222 m²
Volume, LiDAR
993 m³
Parcel 36019B0187/00E000, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Dulsster
since 20152.240.212.228
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36019B0187/00E000 | Flanders | 2,673 m² | 1 · 222 m² | 7.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 200 EUR awarded · 467 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 200 EUR | 200 EUR |
| 2023 | 1 | 0 EUR | 267 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
254900NKJPXNALTC4V85
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 7,679 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2015
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.