DUO
ActiveDUO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €493k and a net result of €48k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 39% of 2664 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent▲ +45 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▲+49
Solvency61▲+12
Growth52▲+20
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.35 in 2024), and 66.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
33.8%
Return on assets
3.3%
Age of the figures
8 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 14-04-2026, 108 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
108 d early
2024
77 d early
2024
45 d early
2023
48 d early
2022
22 d early
2021
98 d early
2020
94 d early
← before the deadline
after the deadline →
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
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€493k▲ 10.9%
2024 · €445k
2019: €458k
2020: €627k
2021: €483k
2022: €447k
2023: €488k
2024: €498k
2024: €445k
2019 → 2025
Total assets
€1.46M▼ 11.7%
2024 · €1.65M
2019: €1.78M
2020: €1.99M
2021: €1.74M
2022: €2.04M
2023: €2.29M
2024: €1.96M
2024: €1.65M
2019 → 2025
Net result
€48k
2024 · €-54k
2019: €204k
2020: €420k
2021: €56k
2022: €114k
2023: €241k
2024: €210k
2024: €-54k
2019 → 2025
Working capital
€291k▼ 8.6%
2024 · €318k
2019: €262k
2020: €116k
2021: €-130k
2022: €-98k
2023: €429k
2024: €388k
2024: €318k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420242025Trend
Equity€447k-€488k▲ 9.1%€498k▲ 2.1%€445k▼ 10.7%€493k▲ 10.9%
Operating result€72k-€498k▲ 594%€296k▼ 40.5%€-83k€86k
Net result€114k-€241k▲ 111%€210k▼ 12.6%€-54k€48k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €86k after a loss of €83k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.46M
Fixed assets
€305k▼ 27.0%
Current assets
€1.15M▼ 6.5%
Equity and liabilities €1.46M
Equity
€493k▲ 10.9%
Debt
€964k▼ 20.1%
The debt ratio falls from 73.1% to 66.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€205k▲
2024 · €-23k
Cash flow
€168k▲
2024 · €7k
Solvency
33.8%▲
2024 · 26.9%
Current ratio
1.34▼
2024 · 1.35
Quick ratio
1.28▲
2024 · 1.22
Debt / equity
1.96▼
2024 · 2.71
ROE
9.8%▲
2024 · -12.0%
ROA
3.3%▲
2024 · -3.2%
Interest coverage
39.92▲
2024 · -2.70
Debt
€964k▼
2024 · €1.21M
Debt ≤ 1 year
€862k▼
2024 · €915k
Debt > 1 year
€0▼
2024 · €189k
Income taxes
€33k▲
2024 · €1k
Staff costs
€1.85M▲
2024 · €974k
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€1.65M€1.46M▼
Fixed assets21/28€418k€305k▼
Intangible fixed assets21€27k€16k▼
Tangible fixed assets22/27€328k€225k▼
Land and buildings22€188k€146k▼
Plant, machinery and equipment23€76k€46k▼
Furniture and vehicles24€64k€33k▼
Financial fixed assets28€63k€63k▲
Current assets29/58€1.23M€1.15M▼
Stocks and contracts in progress3€112k€51k▼
Contracts in progress37€112k€51k▼
Amounts receivable within one year40/41€946k€899k▼
Trade receivables40€537k€564k▲
Other amounts receivable41€409k€336k▼
Cash at bank and in hand54/58€85k€151k▲
Deferred charges and accrued income490/1€90k€51k▼
Equity and liabilities
Total equity and liabilities10/49€1.65M€1.46M▼
Equity10/15€445k€493k▲
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€370k€418k▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€27k€27k=
Distributable reserves133€335k€384k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€1.21M€964k▼
Amounts payable after more than one year17€189k€0▼
Financial debts170/4€189k€0▼
Amounts payable within one year42/48€915k€862k▼
Current portion of amounts payable after more than one year42€66k€1k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€148k€207k▲
Suppliers440/4€148k€207k▲
Advances received on contracts in progress46€205k€159k▼
Taxes, remuneration and social security45€257k€354k▲
Taxes450/3€63k€117k▲
Remuneration and social security454/9€194k€237k▲
Other amounts payable47/48€239k€140k▼
Accrued charges and deferred income492/3€102k€103k▲
Income statement
Code20242025
Remuneration, social security and pensions62€974k€1.85M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€120k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€11k€22k▲
Non-recurring operating charges66A-€103k
Gross operating margin9900€963k€2.18M▲
Operating profit (loss)9901€-83k€86k▲
Financial income75/76B€39k€582▼
Recurring financial income75€39k€582▼
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€-53k€81k▲
Income taxes67/77€1k€33k▲
Profit (loss) for the period9904€-54k€48k▲
Profit (loss) for the period to be appropriated9905€-54k€48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-54k€48k▲
Transfer from equity791/2€54k€0▼
Transfer to equity691/2€0€48k▲
To other reserves6921€0€48k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908728.529.1▲
The notes to these accounts (23 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
11-08
State Gazette act
Resignations & appointmentsGeneral meeting · Board meeting · Director resignation16 facts ▸
State Gazette act
Resignations & appointments
General meeting · Board meeting · Director resignation16 facts ▸
- General meeting, 24/06/2026
- Board meeting, 24/06/2026
- Director resignation, The Craftsmen BV (bestuurder)
- Director resignation, Balata BV (bestuurder)
- Director appointment, The Craftsmen BV (bestuurder)
- Director appointment, Balata BV (bestuurder)
- Permanent representative, Mathieu Cardinael
- Permanent representative, Anton Luyten
- Mandate compensation, The Craftsmen BV
- Mandate compensation, Balata BV
- Director resignation, The Craftsmen BV (gedelegeerd bestuurder)
- Director appointment, The Craftsmen BV (gedelegeerd bestuurder)
- +4 further facts in this act
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-54k ▼125%
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Highest result since 2019net €420k ▲106%
Net result €420k, the highest in the series.
30-06
Financial
Equity above €500kEq €627k ▲37.1%
2 profitable years in a row build equity to €627k.
2019
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
16-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 15 acts read
About the unread acts
Of the 15 Belgian State Gazette acts we know for this company, 1 has been read. The other 14 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
2 directors, last change in 2026
Balata BV
CurrentDirector · since 24-06-2026 · Legal entity · perm. rep.: Anton Luyten
The Craftsmen BV
CurrentDirector · since 24-06-2026 · Legal entity · perm. rep.: Mathieu Cardinael
24-06-2026
Balata BV: Appointed as Director
24-06-2026
Balata BV: Resigned as Director
24-06-2026
The Craftsmen BV: Resigned as Managing director
24-06-2026
The Craftsmen BV: Appointed as Director
24-06-2026
The Craftsmen BV: Appointed as Managing director
24-06-2026
The Craftsmen BV: Resigned as Director
Not every act has been read: a resignation may be missing here
14 of this company's 15 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1996
Ground area
643 m²
Building footprint
368 m²
Parcel 31803C0577/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
DUO
since 19962.079.576.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C0577/00H000 | Flanders | 643 m² | 1 · 368 m² | - |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Doktr
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Of 16,804 companies in sector 62100 we hold annual accounts for 8,748. 5,473 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-12-1996
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.