DUNKELD
ActiveSummary
DUNKELD has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281k and a net result of €2k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+19
Solvency74▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.07 in 2024; short-term debt: 16.5% and cash: 2.4% of total assets), and 50.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
49.1%
Return on assets
0.3%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-03-2026, 59 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
59 d late
2024
on the day
2023
27 d late
2022
28 d late
2021
28 d late
2020
28 d late
2019
29 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€281k▲ 0.7%
2024 · €279k
2019: €193klowest in 7 years
2020: €223k▲ +15.3% vs 2019
2021: €245k▲ +9.9% vs 2020
2022: €272k▲ +11.1% vs 2021
2023: €279k▲ +2.5% vs 2022
2024: €279k▲ +0.3% vs 2023
2025: €281k▲ +0.7% vs 2024highest in 7 years
2019 → 2025
Total assets
€573k▼ 5.1%
2024 · €604k
2019: €765khighest in 7 years
2020: €745k▼ -2.7% vs 2019
2021: €730k▼ -1.9% vs 2020
2022: €695k▼ -4.8% vs 2021
2023: €675k▼ -2.9% vs 2022
2024: €604k▼ -10.6% vs 2023
2025: €573k▼ -5.1% vs 2024lowest in 7 years
2019 → 2025
Net result
€2k▲ 141%
2024 · €813
2019: €13k
2020: €30k▲ +136% vs 2019highest in 7 years
2021: €22k▼ -25.5% vs 2020
2022: €27k▲ +22.9% vs 2021
2023: €7k▼ -75.4% vs 2022
2024: €813▼ -87.8% vs 2023lowest in 7 years
2025: €2k▲ +141% vs 2024
2019 → 2025
Working capital
€-79k▼ 6.2%
2024 · €-75k
2019: €-133klowest in 7 years
2020: €-121k▲ +9.3% vs 2019
2021: €-106k▲ +12.3% vs 2020
2022: €-59k▲ +44.6% vs 2021highest in 7 years
2023: €-60k▼ -1.9% vs 2022
2024: €-75k▼ -24.8% vs 2023
2025: €-79k▼ -6.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€245k-€272k▲ 11.1%€279k▲ 2.5%€279k▲ 0.3%€281k▲ 0.7%
2021: €245klowest in 5 years
2022: €272k▲ +11.1% vs 2021
2023: €279k▲ +2.5% vs 2022
2024: €279k▲ +0.3% vs 2023
2025: €281k▲ +0.7% vs 2024highest in 5 years
Operating result€57k-€57k▲ 0.5%€36k▼ 37.7%€23k▼ 35.8%€11k▼ 52.7%
2021: €57k
2022: €57k▲ +0.5% vs 2021highest in 5 years
2023: €36k▼ -37.7% vs 2022
2024: €23k▼ -35.8% vs 2023
2025: €11k▼ -52.7% vs 2024lowest in 5 years
Net result€22k-€27k▲ 22.9%€7k▼ 75.4%€813▼ 87.8%€2k▲ 141%
2021: €22k
2022: €27k▲ +22.9% vs 2021highest in 5 years
2023: €7k▼ -75.4% vs 2022
2024: €813▼ -87.8% vs 2023lowest in 5 years
2025: €2k▲ +141% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 53% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €573k
Fixed assets
€558k ▼ 6.6%
Current assets
€15k ▲ 150%
Equity and liabilities €573k
Equity
€281k ▲ 0.7%
Debt
€292k ▼ 10.0%
Debt's share of the balance-sheet total falls from 53.7% to 50.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▼
2024 · €63k
Cash flow
€42k▲
2024 · €41k
Current ratio
0.16▲
2024 · 0.07
Debt to equity
1.04▼
2024 · 1.16
ROE
0.7%▲
2024 · 0.3%
ROA
0.3%▲
2024 · 0.1%
Interest coverage
7.15▲
2024 · 3.76
Debt ≤ 1 year
€94k▲
2024 · €81k
Debt > 1 year
€197k▼
2024 · €244k
Income taxes
€2k▼
2024 · €5k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€604k€573k▼
Fixed assets21/28€598k€558k▼
Tangible fixed assets22/27€595k€556k▼
Land and buildings22€586k€552k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€5k-
Financial fixed assets28€2k€2k=
Current assets29/58€6k€15k▲
Cash at bank and in hand54/58€5k€14k▲
Deferred charges and accrued income490/1€743€908▲
Equity and liabilities
Total equity and liabilities10/49€604k€573k▼
Equity10/15€279k€281k▲
Contributions10/11€119k€119k=
Reserves13€12k€12k=
Non-distributable reserves130/1€12k-
Reserves not available under the articles1311€12k-
Distributable reserves133-€12k
Profit (loss) carried forward14€149k€151k▲
Amounts payable17/49€324k€292k▼
Amounts payable after more than one year17€244k€197k▼
Financial debts170/4€222k€175k▼
Other amounts payable178/9€22k€22k=
Amounts payable within one year42/48€81k€94k▲
Current portion of amounts payable after more than one year42€45k€47k▲
Trade debts44€9k€9k▼
Suppliers440/4€9k€9k▼
Taxes, remuneration and social security45€3k€495▼
Taxes450/3€3k€495▼
Other amounts payable47/48€24k€38k▲
Accrued charges and deferred income492/3-€908
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€40k▼
Other operating charges640/8€11k€11k▲
Gross operating margin9900€74k€61k▼
Operating profit (loss)9901€23k€11k▼
Financial income75/76B€104€175▲
Recurring financial income75€104€175▲
Financial charges65/66B€17k€7k▼
Recurring financial charges65€17k€7k▼
Profit (loss) for the period before taxes9903€6k€4k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€813€2k▲
Profit (loss) for the period to be appropriated9905€813€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€149k€151k▲
Profit (loss) brought forward from the previous period14P€148k€149k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €35k | €41k | €41k | €40k | ▼ 2.4% |
| Other operating charges640/8 | - | €10k | €9k | €11k | €11k | ▲ 1.1% |
| Gross operating margin9900 | €101k | €102k | €85k | €74k | €61k | ▼ 17.4% |
| Operating profit (loss)9901 | €57k | €57k | €36k | €23k | €11k | ▼ 52.7% |
| Financial income75/76B | - | €222 | €0 | €104 | €175 | ▲ 68.4% |
| Recurring financial income75 | €146 | €222 | €0 | €104 | €175 | ▲ 68.4% |
| Financial charges65/66B | - | €22k | €19k | €17k | €7k | ▼ 58.2% |
| Recurring financial charges65 | €24k | €22k | €19k | €17k | €7k | ▼ 58.2% |
| Profit (loss) for the period before taxes9903 | €33k | €36k | €16k | €6k | €4k | ▼ 35.8% |
| Income taxes67/77 | €11k | €9k | €10k | €5k | €2k | ▼ 62.6% |
| Profit (loss) for the period9904 | €22k | €27k | €7k | €813 | €2k | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €22k | €27k | €7k | €813 | €2k | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €730k | €695k | €675k | €604k | €573k | ▼ 5.1% |
| Fixed assets21/28 | €688k | €673k | €632k | €598k | €558k | ▼ 6.6% |
| Tangible fixed assets22/27 | €688k | €673k | €632k | €595k | €556k | ▼ 6.6% |
| Land and buildings22 | - | €653k | €620k | €586k | €552k | ▼ 5.7% |
| Plant, machinery and equipment23 | - | €961 | €518 | €4k | €3k | ▼ 16.6% |
| Furniture and vehicles24 | - | €18k | €12k | €5k | - | - |
| Financial fixed assets28 | - | - | - | €2k | €2k | = |
| Current assets29/58 | €42k | €23k | €43k | €6k | €15k | ▲ 150% |
| Amounts receivable within one year40/41 | €814 | €8 | - | - | - | - |
| Trade receivables40 | - | €8 | - | - | - | - |
| Cash at bank and in hand54/58 | €40k | €21k | €41k | €5k | €14k | ▲ 168% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €743 | €908 | ▲ 22.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €730k | €695k | €675k | €604k | €573k | ▼ 5.1% |
| Equity10/15 | €245k | €272k | €279k | €279k | €281k | ▲ 0.7% |
| Contributions10/11 | - | €119k | €119k | €119k | €119k | = |
| Reserves13 | €12k | €12k | €12k | €12k | €12k | = |
| Non-distributable reserves130/1 | - | €12k | €12k | €12k | - | - |
| Reserves not available under the articles1311 | - | €12k | €12k | €12k | - | - |
| Distributable reserves133 | - | - | - | - | €12k | - |
| Profit (loss) carried forward14 | €114k | €141k | €148k | €149k | €151k | ▲ 1.3% |
| Amounts payable17/49 | €486k | €423k | €397k | €324k | €292k | ▼ 10.0% |
| Amounts payable after more than one year17 | €331k | €336k | €289k | €244k | €197k | ▼ 19.3% |
| Financial debts170/4 | - | €315k | €267k | €222k | €175k | ▼ 21.3% |
| Other amounts payable178/9 | - | €22k | €22k | €22k | €22k | = |
| Amounts payable within one year42/48 | €148k | €82k | €103k | €81k | €94k | ▲ 16.8% |
| Current portion of amounts payable after more than one year42 | - | €46k | €48k | €45k | €47k | ▲ 4.4% |
| Trade debts44 | €5k | €6k | €12k | €9k | €9k | ▼ 0.2% |
| Suppliers440/4 | - | €6k | €12k | €9k | €9k | ▼ 0.2% |
| Taxes, remuneration and social security45 | - | €3k | €3k | €3k | €495 | ▼ 85.3% |
| Taxes450/3 | - | €3k | €3k | €3k | €495 | ▼ 85.3% |
| Other amounts payable47/48 | - | €27k | €40k | €24k | €38k | ▲ 61.0% |
| Accrued charges and deferred income492/3 | - | €5k | €5k | - | €908 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €27k | €7k | €813 | €2k | ▲ 141% |
| + Depreciation and write-downs630 | €34k | €35k | €41k | €41k | €40k | ▼ 2.4% |
| Operating cash flow (approximation) | €56k | €62k | €47k | €41k | €42k | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | €-19k | €0 | €-6k | €0 | ▲ 100% |
| Change in cash | - | €-19k | €21k | €-36k | €9k | ▲ 124% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 59 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €813 ▼87.8%
Net result drops to €813, the lowest in the series; recovery starts the following year.
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
30-06
Financial
Highest result since 2019net €30k ▲136%
Operating result €61k, net result €30k, both a record.
30-06
Financial
Equity above €200kEq €223k ▲15.3%
2 profitable years in a row build equity to €223k.
29-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
06-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
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 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Hemiksem · 1 establishment unit since 2001
Ground area
414 m²
Building footprint
226 m²
Volume, LiDAR
1,314 m³
Parcel 11018B0145/00V010, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
St. Bernardse steenweg 3-5, 2620 Hemiksem
since 20012.344.462.680
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11018B0145/00V010 | Flanders | 414 m² | 1 · 226 m² | 10.6 m · 2 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.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 5,004 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
Founded06-02-2001
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.