DUODEV
ActiveSummary
DUODEV has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18.0m and a net result of -€728,631. Equity is growing by about 15% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€728,631▲ 51.0%
2024 · -€1.5m
Working capital
€1.7m
2024 · -€11.2m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €293,884 in 2025 against €295,629 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.3m
2025
Net result-€0.7m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€92.9m
2025
Equity€18.0m
2025
Debt€74.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.7m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.1m--€0.2m▼ 53.0%-€2.1m▼ 1,204%-€0.3m▲ 88.1%-€0.6m▼ 130%-€0.1m▲ 77.0%-€0.3m▼ 121%-€0.3m▲ 0.6%
Net result-€0.1m--€0.08m▲ 27.3%€12.1m-€0.3m-€3.3m▼ 931%€8.9m-€1.5m-€0.7m▲ 51.0%
Equity€2.9m-€2.9m▼ 2.8%€15.0m▲ 421%€14.6m▼ 2.1%€11.4m▼ 22.4%€20.2m▲ 78.3%€18.8m▼ 7.4%€18.0m▼ 3.9%
Total assets€38.1m-€78.8m▲ 107%€69.5m▼ 11.9%€149.1m▲ 115%€142.6m▼ 4.4%€129.7m▼ 9.1%€133.4m▲ 2.9%€92.9m▼ 30.4%
Debt€35.2m-€76.0m▲ 116%€54.5m▼ 28.2%€134.5m▲ 147%€131.2m▼ 2.4%€109.4m▼ 16.6%€114.7m▲ 4.8%€74.9m▼ 34.7%
Working capital€0.1m-€0.9m▲ 606%€1.3m▲ 33.2%€0.7m▼ 48.0%€3.0m▲ 359%€1.5m▼ 51.3%-€11.2m€1.7m
Why a figure moved sharply
- 2025 Net result +51% on 2024. Merger absorbing DUODEV NEDERLAND HOLDING B.V., effective 11-10-2024, in the previous financial year; now counts for a full year for the first time.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92.9m
Fixed assets
€89.4m ▼ 32.8%
Current assets
€3.5m ▲ 12×
Equity and liabilities €92.9m
Equity
€18.0m ▼ 3.9%
Debt
€74.9m ▼ 34.7%
Debt's share of the balance-sheet total falls from 85.9% to 80.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.94▲
2024 · 0.02
Debt to equity
4.15▼
2024 · 6.11
ROE
-4.0%▲
2024 · -7.9%
ROA
-0.8%▲
2024 · -1.1%
Debt ≤ 1 year
€1.8m▼
2024 · €11.5m
Debt > 1 year
€73.1m▼
2024 · €103.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.1m | €0.2m | - | €0.1m | - | - |
| Other operating income74 | - | - | - | €0.1m | €0.2m | - | €0.005m | - | - |
| Non-recurring operating income76A | - | - | - | - | - | - | €0.1m | - | - |
| Operating charges60/66A | - | - | - | €0.4m | €0.8m | €0.1m | €0.4m | €0.3m | ▼ 32.4% |
| Services and other goods61 | - | - | - | €0.4m | €0.8m | €0.1m | €0.4m | €0.3m | ▼ 25.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.04m | - | - |
| Other operating charges640/8 | - | - | - | €125 | - | €347 | €0.001m | €422 | ▼ 36.2% |
| Operating profit (loss)9901 | -€0.1m | -€0.2m | -€2.1m | -€0.3m | -€0.6m | -€0.1m | -€0.3m | -€0.3m | ▲ 0.6% |
| Financial income75/76B | - | - | - | €2.6m | €4.3m | €17.9m | €15.6m | €6.1m | ▼ 60.6% |
| Recurring financial income75 | €0.2m | €0.9m | €1.7m | €2.6m | €4.3m | €15.1m | €15.6m | €6.0m | ▼ 61.7% |
| Income from financial fixed assets750 | - | - | - | €2.6m | €4.1m | €15.1m | €15.6m | €6.0m | ▼ 61.7% |
| Income from current assets751 | - | - | - | - | €9 | €0.01m | - | €0.001m | - |
| Other financial income752/9 | - | - | - | €0.02m | €0.2m | €0.01m | €33 | - | - |
| Non-recurring financial income76B | - | - | - | - | - | €2.8m | - | €0.2m | - |
| Financial charges65/66B | - | - | - | €2.6m | €7.0m | €8.9m | €16.8m | €6.6m | ▼ 60.8% |
| Recurring financial charges65 | €0.2m | €0.8m | €1.2m | €2.6m | €4.2m | €6.1m | €5.7m | €3.7m | ▼ 35.1% |
| Debt charges650 | €0.2m | €0.8m | €1.2m | €2.5m | €4.1m | €6.0m | €5.6m | €3.6m | ▼ 35.9% |
| Other financial charges652/9 | - | - | - | €0.2m | €0.06m | €0.1m | €0.1m | €0.1m | ▼ 3.7% |
| Non-recurring financial charges66B | - | - | - | - | €2.8m | €2.8m | €11.1m | €2.9m | ▼ 74.1% |
| Profit (loss) for the period before taxes9903 | -€0.1m | -€0.08m | €12.1m | -€0.3m | -€3.3m | €8.9m | -€1.5m | -€0.7m | ▲ 51.0% |
| Income taxes67/77 | - | - | - | - | €3 | €0 | - | - | - |
| Taxes670/3 | - | - | - | - | €3 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€0.1m | -€0.08m | €12.1m | -€0.3m | -€3.3m | €8.9m | -€1.5m | -€0.7m | ▲ 51.0% |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | -€0.08m | €12.1m | -€0.3m | -€3.3m | €8.9m | -€1.5m | -€0.7m | ▲ 51.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €38.1m | €78.8m | €69.5m | €149.1m | €142.6m | €129.7m | €133.4m | €92.9m | ▼ 30.4% |
| Fixed assets21/28 | €37.8m | €77.7m | €68.1m | €148.2m | €139.2m | €128.0m | €133.1m | €89.4m | ▼ 32.8% |
| Financial fixed assets28 | €37.8m | €77.7m | €68.1m | €148.2m | €139.2m | €128.0m | €133.1m | €89.4m | ▼ 32.8% |
| Affiliated companies280/1 | - | - | - | €146.1m | €139.2m | €128.0m | €133.1m | €89.4m | ▼ 32.8% |
| Participating interests280 | - | - | - | €16.1m | €16.1m | €16.1m | €13.2m | €13.1m | ▼ 0.8% |
| Amounts receivable281 | - | - | - | €130.1m | €123.1m | €111.9m | €119.9m | €76.3m | ▼ 36.3% |
| Other financial fixed assets284/8 | - | - | - | €2.1m | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €2.1m | - | - | - | - | - |
| Current assets29/58 | €0.3m | €1.2m | €1.4m | €0.9m | €3.4m | €1.6m | €0.3m | €3.5m | ▲ 12× |
| Stocks and contracts in progress3 | €0.03m | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.03m | €0.4m | €0.3m | €0.2m | €0.2m | €0.03m | €0.005m | €0.3m | ▲ 57× |
| Trade receivables40 | - | - | - | €0.2m | €0.05m | €0.02m | - | - | - |
| Other amounts receivable41 | - | - | - | - | €0.1m | €0.005m | €0.005m | €0.3m | ▲ 57× |
| Current investments50/53 | - | - | - | - | - | - | - | €2.0m | - |
| Other investments51/53 | - | - | - | - | - | - | - | €2.0m | - |
| Cash at bank and in hand54/58 | €0.2m | €0.8m | €1.1m | €0.7m | €3.2m | €1.6m | €0.3m | €1.2m | ▲ 320% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €0.001m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €38.1m | €78.8m | €69.5m | €149.1m | €142.6m | €129.7m | €133.4m | €92.9m | ▼ 30.4% |
| Equity10/15 | €2.9m | €2.9m | €15.0m | €14.6m | €11.4m | €20.2m | €18.8m | €18.0m | ▼ 3.9% |
| Contributions10/11 | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Capital10 | - | - | - | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Issued capital100 | - | - | - | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Reserves13 | - | - | - | - | - | €0.4m | €0.4m | €0.4m | = |
| Non-distributable reserves130/1 | - | - | - | - | - | €0.4m | €0.4m | €0.4m | = |
| Legal reserve130 | - | - | - | - | - | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.2m | €11.9m | €11.6m | €8.3m | €16.7m | €15.2m | €14.5m | ▼ 4.8% |
| Amounts payable17/49 | €35.2m | €76.0m | €54.5m | €134.5m | €131.2m | €109.4m | €114.7m | €74.9m | ▼ 34.7% |
| Amounts payable after more than one year17 | €35.0m | €75.7m | €54.4m | €134.2m | €130.8m | €109.1m | €103.1m | €73.1m | ▼ 29.2% |
| Financial debts170/4 | - | - | - | €51.3m | €62.9m | €63.1m | €52.5m | €26.5m | ▼ 49.6% |
| Credit institutions173 | - | - | - | €9.9m | €19.8m | €19.8m | €8.6m | €5.0m | ▼ 42.0% |
| Other loans174 | - | - | - | €41.4m | €43.0m | €43.2m | €43.9m | €21.5m | ▼ 51.0% |
| Other amounts payable178/9 | - | - | - | €82.9m | €68.0m | €46.0m | €50.6m | €46.6m | ▼ 8.0% |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.2m | €0.2m | €0.4m | €0.2m | €11.5m | €1.8m | ▼ 84.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €11.2m | €1.5m | ▼ 86.5% |
| Trade debts44 | €0.1m | €0.2m | €0.2m | €0.2m | €0.4m | €0.2m | €0.3m | €0.1m | ▼ 49.8% |
| Suppliers440/4 | - | - | - | €0.2m | €0.4m | €0.2m | €0.3m | €0.1m | ▼ 49.8% |
| Other amounts payable47/48 | - | - | - | - | €0.02m | €0.02m | €0.02m | €0.1m | ▲ 548% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.03m | €0.2m | - | €0.02m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€0.08m | €12.1m | -€0.3m | -€3.3m | €8.9m | -€1.5m | -€0.7m | ▲ 51.0% |
| Operating cash flow (approximation) | -€0.1m | -€0.08m | €12.1m | -€0.3m | -€3.3m | €8.9m | -€1.5m | -€0.7m | ▲ 51.0% |
| Investment in fixed assets (approximation) | - | -€39.8m | €9.6m | -€80.2m | €9.0m | €11.2m | -€5.1m | €43.7m | - |
| Change in cash | - | €0.6m | €0.3m | -€0.5m | €2.6m | -€1.6m | -€1.3m | €0.9m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 17-06-2026 | 2026-00178202 |
| 31-12-2024 | full format | 13-06-2025 | 2025-00146578 |
| 31-12-2023 | full format | 11-06-2024 | 2024-00127729 |
| 31-12-2022 | full format | 09-06-2023 | 2023-00120521 |
| 31-12-2021 | full format | 20-06-2022 | 2022-20091387 |
| 31-12-2020 | full format | 07-06-2021 | 2021-17900364 |
| 31-12-2019 | full format | 15-07-2020 | 2020-31000162 |
| 31-12-2018 | full format | 11-07-2019 | 2019-32900049 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.