DUNE
ActiveSummary
DUNE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,707 and a net result of -€29,610. Equity is shrinking by ~13.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-4
Solvency55▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 49.5% and cash: 0.1% of total assets), and 70.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 · 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
29.8%
Return on assets
-9%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€29,610
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 d early
2024
22 d early
2023
28 d early
2022
14 d early
2021
13 d early
2020
12 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 17 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€97,707▼ 23.3%
2024 · €127,317
Total assets
€327,645▼ 5.9%
2024 · €348,068
Net result
-€29,610▼ 15.7%
2024 · -€25,599
Working capital
-€161,178▼ 12.0%
2024 · -€143,945
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€17,749▼ 0.3%-€17,360▲ 2.2%-€18,134▼ 4.5%-€17,864▲ 1.5%-€18,346▼ 2.7%
Net result-€21,984▼ 16.8%-€22,288▼ 1.4%-€24,400▼ 9.5%-€25,599▼ 4.9%-€29,610▼ 15.7%
Equity€199,604▼ 9.9%€177,316▼ 11.2%€152,917▼ 13.8%€127,317▼ 16.7%€97,707▼ 23.3%
Total assets€412,042▼ 5.2%€390,992▼ 5.1%€369,634▼ 5.5%€348,068▼ 5.8%€327,645▼ 5.9%
Debt€212,438▼ 0.4%€213,676▲ 0.6%€216,718▲ 1.4%€220,751▲ 1.9%€229,938▲ 4.2%
Working capital-€103,954▼ 7.8%-€117,029▼ 12.6%-€129,890▼ 11.0%-€143,945▼ 10.8%-€161,178▼ 12.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18,346 in 2025 against €17,864 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €327,645
Fixed assets
€326,641 ▼ 5.9%
Current assets
€1,005 ▼ 11.0%
Equity and liabilities €327,645
Equity
€97,707 ▼ 23.3%
Debt
€229,938 ▲ 4.2%
Debt's share of the balance-sheet total rises from 63.4% to 70.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,952▼
2024 · €3,372
Cash flow
-€9,312▼
2024 · -€4,363
Current ratio
0.01▼
2024 · 0.01
Debt to equity
2.35▲
2024 · 1.73
ROE
-30.3%▼
2024 · -20.1%
ROA
-9.0%▼
2024 · -7.4%
Interest coverage
0.17▼
2024 · 0.43
Debt ≤ 1 year
€162,183▲
2024 · €145,075
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,713 | €21,236 | €21,236 | €21,236 | €20,298 | ▼ 4.4% |
| Other operating charges640/8 | - | €3,228 | €3,305 | €3,622 | €3,804 | ▲ 5.0% |
| Gross operating margin9900 | €7,390 | €7,105 | €6,407 | €6,994 | €5,756 | ▼ 17.7% |
| Operating profit (loss)9901 | -€17,749 | -€17,360 | -€18,134 | -€17,864 | -€18,346 | ▼ 2.7% |
| Financial income75/76B | - | €0 | - | €141 | - | - |
| Recurring financial income75 | - | €0 | - | €141 | - | - |
| Financial charges65/66B | - | €4,928 | €6,265 | €7,877 | €11,264 | ▲ 43.0% |
| Recurring financial charges65 | €4,235 | €4,928 | €6,265 | €7,877 | €11,264 | ▲ 43.0% |
| Profit (loss) for the period before taxes9903 | -€21,984 | -€22,288 | -€24,400 | -€25,599 | -€29,610 | ▼ 15.7% |
| Profit (loss) for the period9904 | -€21,984 | -€22,288 | -€24,400 | -€25,599 | -€29,610 | ▼ 15.7% |
| Profit (loss) for the period to be appropriated9905 | -€21,984 | -€22,288 | -€24,400 | -€25,599 | -€29,610 | ▼ 15.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €412,042 | €390,992 | €369,634 | €348,068 | €327,645 | ▼ 5.9% |
| Fixed assets21/28 | €410,648 | €389,411 | €368,175 | €346,939 | €326,641 | ▼ 5.9% |
| Tangible fixed assets22/27 | €410,648 | €389,411 | €368,175 | €346,939 | €326,641 | ▼ 5.9% |
| Land and buildings22 | - | €387,743 | €367,341 | €346,939 | €326,641 | ▼ 5.9% |
| Furniture and vehicles24 | - | €1,669 | €834 | - | - | - |
| Current assets29/58 | €1,394 | €1,581 | €1,459 | €1,130 | €1,005 | ▼ 11.0% |
| Amounts receivable within one year40/41 | €196 | €98 | €300 | €75 | €36 | ▼ 51.6% |
| Other amounts receivable41 | - | €98 | €300 | €75 | €36 | ▼ 51.6% |
| Cash at bank and in hand54/58 | €492 | €725 | €326 | €264 | €172 | ▼ 34.9% |
| Deferred charges and accrued income490/1 | - | €758 | €833 | €791 | €797 | ▲ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €412,042 | €390,992 | €369,634 | €348,068 | €327,645 | ▼ 5.9% |
| Equity10/15 | €199,604 | €177,316 | €152,917 | €127,317 | €97,707 | ▼ 23.3% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Revaluation surpluses12 | - | €225,561 | €225,561 | €225,561 | €225,561 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€135,957 | -€158,245 | -€182,644 | -€208,243 | -€237,854 | ▼ 14.2% |
| Amounts payable17/49 | €212,438 | €213,676 | €216,718 | €220,751 | €229,938 | ▲ 4.2% |
| Amounts payable within one year42/48 | €105,348 | €118,609 | €131,349 | €145,075 | €162,183 | ▲ 11.8% |
| Trade debts44 | €98 | €109 | €1,349 | €75 | €183 | ▲ 145% |
| Suppliers440/4 | - | €109 | €1,349 | €75 | €183 | ▲ 145% |
| Other amounts payable47/48 | - | €118,500 | €130,000 | €145,000 | €162,000 | ▲ 11.7% |
| Accrued charges and deferred income492/3 | - | €95,067 | €85,369 | €75,676 | €67,755 | ▼ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,984 | -€22,288 | -€24,400 | -€25,599 | -€29,610 | ▼ 15.7% |
| + Depreciation and write-downs630 | €21,713 | €21,236 | €21,236 | €21,236 | €20,298 | ▼ 4.4% |
| Operating cash flow (approximation) | -€270 | -€1,052 | -€3,163 | -€4,363 | -€9,312 | ▼ 113% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €233 | -€398 | -€63 | -€92 | ▼ 46.9% |
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
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet -€29,610
Net result drops to -€29,610, the lowest in the series.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-01
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 7 acts read
About the unread acts
We know of 7 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
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Gent · 1 establishment unit since 1993
Ground area
1,008 m²
Building footprint
324 m²
Volume, LiDAR
1,917 m³
2 parcels, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Verbondenenlaan 12, 8450 Bredene
since 19932.062.010.855
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35002B0265/00X005 | Flanders | 810 m² | 1 · 215 m² | 9.4 m · 2 fl. |
| 44808H0138/00D003 | Flanders | 198 m² | 1 · 108 m² | 12.1 m · 3 fl. |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded31-03-1993
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449794245
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.