Summary
Duodev 2 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €81.5m and a net result of €3.4m. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 84% of 3,022 sector peers (NACE 64, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €81.5m
- Profit
- €3.4m
- Parent
- JEC INVEST SRL
- Holdings
- 11
- Duodev ManagementManager
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 4 accounts on average 21 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Capital & sharesCapital increase · Amendment of…
- Permanent representatives: Olivier Beguin and Thomas…Gazette deed
Financials · financial year 2025, full format
2022 to 2025, 4 financial years
The operating result stays negative: a loss of €1.4m in 2025 against €1.5m 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
- 2023 Equity +136%, Total assets +99% on 2022. Capital increase of €12,000,002 (Official Gazette 04-12-2023). Capital increase of €25,834,950 (Official Gazette 20-02-2023).
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Operating charges60/66A | €1.4m | €1.3m | €1.5m | €1.4m | ▼ 2.9% |
| Services and other goods61 | €1.0m | €1.3m | €1.5m | €1.4m | ▼ 2.4% |
| Other operating charges640/8 | €321 | - | €0.008m | €0.001m | ▼ 88.1% |
| Non-recurring operating charges66A | €0.4m | - | - | - | - |
| Operating profit (loss)9901 | -€1.4m | -€1.3m | -€1.5m | -€1.4m | ▲ 2.9% |
| Financial income75/76B | €0.3m | €3.2m | €7.0m | €5.4m | ▼ 21.9% |
| Recurring financial income75 | €0.3m | €3.2m | €6.6m | €5.4m | ▼ 17.7% |
| Income from financial fixed assets750 | €0.3m | €3.1m | €6.5m | €5.4m | ▼ 16.1% |
| Income from current assets751 | €411 | €0.04m | €0.1m | €15 | ▼ 100.0% |
| Other financial income752/9 | - | €0.007m | €8 | €0 | ▼ 98.0% |
| Non-recurring financial income76B | - | - | €0.4m | - | - |
| Financial charges65/66B | €0.08m | €0.4m | €0.8m | €0.3m | ▼ 58.0% |
| Recurring financial charges65 | €0.08m | €0.4m | €0.4m | €0.3m | ▼ 20.0% |
| Debt charges650 | €0.05m | €0.3m | €0.3m | €0.2m | ▼ 35.6% |
| Other financial charges652/9 | €0.04m | €0.09m | €0.1m | €0.1m | ▲ 20.7% |
| Non-recurring financial charges66B | - | - | €0.4m | - | - |
| Profit (loss) for the period before taxes9903 | -€1.2m | €1.5m | €4.7m | €3.7m | ▼ 21.5% |
| Income taxes67/77 | €123 | €0.08m | €0.6m | €0.3m | ▼ 56.9% |
| Taxes670/3 | €123 | €0.08m | €0.6m | €0.3m | ▼ 50.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | €446 | €0.04m | ▲ 80× |
| Profit (loss) for the period9904 | -€1.2m | €1.4m | €4.1m | €3.4m | ▼ 16.4% |
| Profit (loss) for the period to be appropriated9905 | -€1.2m | €1.4m | €4.1m | €3.4m | ▼ 16.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €34.7m | €68.9m | €70.9m | €85.9m | ▲ 21.2% |
| Fixed assets21/28 | €30.9m | €68.0m | €70.3m | €85.7m | ▲ 21.8% |
| Financial fixed assets28 | €30.9m | €68.0m | €70.3m | €85.7m | ▲ 21.8% |
| Affiliated companies280/1 | €30.9m | €68.0m | €70.3m | €85.7m | ▲ 21.8% |
| Participating interests280 | €5.7m | €10.1m | €15.4m | €15.4m | ▲ 0.1% |
| Amounts receivable281 | €25.2m | €57.8m | €54.9m | €70.2m | ▲ 27.9% |
| Other financial fixed assets284/8 | €0.06m | €0 | - | - | - |
| Amounts receivable and cash guarantees285/8 | €0.06m | €0 | - | - | - |
| Current assets29/58 | €3.8m | €1.0m | €0.5m | €0.2m | ▼ 62.2% |
| Amounts receivable within one year40/41 | €0.04m | €0.1m | €0.09m | €0.1m | ▲ 72.4% |
| Trade receivables40 | €0.04m | - | - | - | - |
| Other amounts receivable41 | - | €0.1m | €0.09m | €0.1m | ▲ 72.4% |
| Current investments50/53 | €3.0m | €0.001m | €0.001m | €0.001m | ▲ 0.7% |
| Other investments51/53 | €3.0m | €0.001m | €0.001m | €0.001m | ▲ 0.7% |
| Cash at bank and in hand54/58 | €0.7m | €0.8m | €0.4m | €0.05m | ▼ 88.2% |
| Deferred charges and accrued income490/1 | €0.05m | €0.02m | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €34.7m | €68.9m | €70.9m | €85.9m | ▲ 21.2% |
| Equity10/15 | €29.0m | €68.4m | €68.9m | €81.5m | ▲ 18.3% |
| Contributions10/11 | €30.2m | €68.2m | €64.7m | €74.0m | ▲ 14.4% |
| Capital10 | €30.2m | €68.2m | €64.7m | €74.0m | ▲ 14.4% |
| Issued capital100 | €30.2m | €68.2m | €64.7m | €74.0m | ▲ 14.4% |
| Profit (loss) carried forward14 | -€1.2m | €0.2m | €4.2m | €7.5m | ▲ 77.1% |
| Amounts payable17/49 | €5.7m | €0.5m | €2.0m | €4.4m | ▲ 122% |
| Amounts payable within one year42/48 | €5.6m | €0.5m | €2.0m | €4.3m | ▲ 122% |
| Financial debts43 | €5.5m | - | €1.1m | €2.5m | ▲ 127% |
| Credit institutions430/8 | €5.5m | - | €1.1m | €2.5m | ▲ 127% |
| Trade debts44 | €0.1m | €0.4m | €0.8m | €1.8m | ▲ 134% |
| Suppliers440/4 | €0.1m | €0.4m | €0.8m | €1.8m | ▲ 134% |
| Taxes, remuneration and social security45 | €0.01m | €0.07m | €0.09m | €0.05m | ▼ 46.6% |
| Taxes450/3 | €0.01m | €0.07m | €0.09m | €0.05m | ▼ 46.6% |
| Other amounts payable47/48 | - | €0.09m | - | - | - |
| Accrued charges and deferred income492/3 | €0.05m | €0.005m | €0.004m | €0.02m | ▲ 357% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.2m | €1.4m | €4.1m | €3.4m | ▼ 16.4% |
| Operating cash flow (approximation) | -€1.2m | €1.4m | €4.1m | €3.4m | ▼ 16.4% |
| Investment in fixed assets (approximation) | - | -€37.1m | -€2.4m | -€15.3m | ▼ 552% |
| Change in cash | - | €0.1m | -€0.4m | -€0.4m | ▼ 5.2% |
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 (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 16-07-2026 | 2026-00307714 |
| 31-12-2024 | full format | 10-07-2025 | 2025-00270928 |
| 31-12-2023 | full format | 09-07-2024 | 2024-00236632 |
| 31-12-2022 | full format | 06-07-2023 | 2023-00222172 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Statutory auditor 1
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Duodev Managementfrom an act |
|
| RSM InterAudit SA |
|
Owners and capital
Owners
3 ownersChain of control
- JEC INVEST SRL
- Duodev 2
Highest known parent: JEC INVEST SRL. The sources do not say who stands above it.
Owners 3
- JEC INVEST SRLconsolidating parentconsolidates
-
0.84%
-
share not stated
According to the 2025 annual accounts of Duodev 2 and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- Duodev Management (BE 0784.800.769) 7,999,995 shares · €7,999,995 in cash
- Duodev Management (BE 0784.800.769) unique associé commandité · 40 shares
- Duodev Management (BE 0784.800.769) associé commandité
- Duodev Management (BE 0784.800.769) associé commandité unique
- Duodev Management (BE 0784.800.769) associé commandité unique
- Duodev Management (BE 0784.800.769) unique associé commandité
Show 4 older mentions
- Duodev Management (BE 0784.800.769) associé commandité
- Duodev Management (BE 0784.800.769) associé commandité
- Duodev Management (BE 0784.800.769) associé commandité unique
- Duodev Management (BE 0784.800.769) unique associé commandité
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 04-05-2026 Capital increase of €7,999,995 · to €82,035,144.44 · 7,999,995 new shares · in cash
- 11-08-2025 Capital increase of €6,000,007 · to €74,035,149.44 · 6,000,007 new shares · in cash
- 13-06-2025 Capital increase of €5,700,000 · to €70,390,142.44 · 5,700,000 new shares · in cash
- 13-06-2025 Capital reduction of €2,355,000 · to €68,035,142.44 · repaid to the shareholders
- 06-03-2025 Capital increase of €4,500,005 · to €78,702,691 · 4,500,005 new shares
- 06-03-2025 Capital reduction of €14,012,548.56 · to €64,690,142.44 · “sans annulation de parts”, avec réduction proportionnelle de leur pair comptable
- 18-04-2024 Capital increase of €6,000,007 · to €74,202,686 · 6,000,007 new shares
- 04-12-2023 Capital increase of €12,000,002 · to €68,202,679 · 12,000,002 new shares
Show 5 older capital entries
- 18-08-2023 Capital increase of €6,999,997 · to €56,202,677 · 6,999,997 new shares
- 20-02-2023 Capital reduction of €7,095,001 · to €23,105,006
- 20-02-2023 Capital increase of €25,834,950 · to €48,939,956 · 25,834,950 new shares
- 20-02-2023 Capital increase of €262,724 · to €49,202,680 · from reserves
- 20-01-2023 Capital increase of €6,000,003 · to €30,200,007 · 6,000,003 new shares
Group and network
Holdings and subsidiaries
11 holdings · 11 subsidiaries in the treeHoldings 11
Source for every holding own accounts 2025
- ACE 15PLsubsidiaryEquity PLN 15.1mResult PLN 16.0m100%
- ENL Nissewaard I B.V.NLsubsidiaryEquity -€5,119Result -€10,119100%
- Equilis Project Spain 4, S.R.L.ESsubsidiaryEquity €42,315Result -€17,853100%
- Equilis Project Spain 5ESsubsidiaryEquity -€465,404Result -€499,465100%
- Euroboden Müllerstraße, GmbhDEsubsidiaryEquity -€636,470Result -€263,515100%
- Evere CasernesubsidiaryEquity -€49,883Result -€31,986100%
-
100%
- HoldFR Duodev 2. Société par actions simplifiée UnipersonnelleFRsubsidiaryEquity €68,610Result -€42,130100%
- ORNEKO SPÓŁKA Z OGRANICZONĄ ODPOWIEPLsubsidiaryEquity -PLN 695,197Result -PLN 323,212100%
- XL PLAINEsubsidiaryEquity -€31,056Result -€41,056100%
Show 1 more holdings
- La Canopée,Société civile de construction et venteFREquity -€775,133Result -€233,8161%
All subsidiaries, including indirect ones 11
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- ACE 15PL 100%
- ENL Nissewaard I B.V.NL 100%
- Equilis Project Spain 4, S.R.L.ES 100%
- Equilis Project Spain 5ES 100%
- Euroboden Müllerstraße, GmbhDE 100%
- Evere Caserne 100%
HD17 HOLDING 100%1 subsidiary
- HD17 IMMO 100%
- HoldFR Duodev 2. Société par actions simplifiée UnipersonnelleFR 100%
- ORNEKO SPÓŁKA Z OGRANICZONĄ ODPOWIEPL 100%
- XL PLAINE 100%
According to the 2025 annual accounts of Duodev 2 and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
04-05
Gazette deed
Capital & sharesCapital increase · Amendment of the articles · Shareholding7 facts ▸
- General meeting, 14-04-2026
- Capital increase, €7,999,995
- Amendment of the articles, 5.1
- Amendment of the articles, 5.2
- Shareholding, “unique associé commandité”, 14-04-2026 (deed in French)
- Director in office, Duodev Management (statutory manager)
- Shareholding, “associés commanditaires”, 14-04-2026 (deed in French)
28-01
Gazette deed
Permanent representatives: Olivier Beguin and Thomas Rihoux4 facts ▸
- Board meeting, 19-12-2025
- Other provision, 29-04-2022
- Permanent representative, Olivier Beguin (représentant permanent du gérant statutaire)
- Permanent representative, Thomas Rihoux (représentant permanent de la société pour l'exercice de son mandat de gérant statutaire de duodev 2)
11-08
Gazette deed
Permanent representative: Olivier BeguinCapital increase · Amendment of the articles · Partner7 facts ▸
- General meeting, 28-07-2025
- Capital increase, €6,000,007
- Amendment of the articles
- Partner, Duodev Management (general partner)
- Other provision, “répartition des associés”, 41 (deed in French)
- Director in office, Duodev Management (statutory manager)
- Permanent representative, Olivier Beguin
25-07
Gazette deed
Reappointment: RSM InterAudit SA (statutory auditor)Power of attorney3 facts ▸
- General meeting, 30-06-2025
- Auditor reappointment, RSM InterAudit SA
- Power of attorney, Aude MICHEL
13-06
Gazette deed
Permanent representative: Olivier BeguinCapital increase · Capital · Partner12 facts ▸
- General meeting, 13-03-2025
- Capital increase, €5,700,000
- Capital, €70,390,142.44
- Partner, Duodev Management (associé commandité unique) (2 times)
- Other provision, 13-03-2025, “composition des associés” (deed in French)
- General meeting, 11-04-2025
- Capital decrease, €2,355,000
- Capital, €68,035,142.44
- Other provision, “fraction du capital par part” (deed in French)
- Other provision, 11-04-2025, “composition des associés” (deed in French)
- Director in office, Duodev Management (statutory manager)
- Permanent representative, Olivier Beguin (représentant permament)
06-03
Gazette deed
Permanent representative: Olivier BeguinCapital increase · Amendment of the articles · Partner9 facts ▸
- General meeting, 22-11-2024
- Capital increase, €4,500,005
- Amendment of the articles (2 times)
- Other provision, “part représentative du capital” (deed in French)
- Partner, Duodev Management (associé commandité unique)
- Other provision, “associé commanditaire”, 40 (deed in French)
- General meeting, 20-12-2024
- Capital decrease, €14,012,548.56
- Permanent representative, Olivier Beguin
18-04
Gazette deed
Permanent representative: Olivier BeguinCapital increase · Capital · Partner8 facts ▸
- General meeting, 19-02-2024
- Capital increase, €6,000,007
- Capital, €74,202,686
- Other provision, “fraction du capital par part” (deed in French)
- Partner, Duodev Management (unique associé commandité)
- Other provision, “nombre d'associés”, 41 (deed in French)
- Director in office, Duodev Management (statutory manager)
- Permanent representative, Olivier Beguin
Show earlier events
04-12
Gazette deed
Permanent representative: Olivier BeguinCapital increase · Amendment of the articles · Partner7 facts ▸
- General meeting, 14-09-2023
- Capital increase, €12,000,002
- Amendment of the articles
- Partner, Duodev Management (general partner)
- Other provision, “détention du capital”, 1 (deed in French)
- Director in office, Duodev Management (statutory manager)
- Permanent representative, Olivier Beguin
18-08
Gazette deed
Permanent representative: Olivier BeguinCapital increase · Partner7 facts ▸
- General meeting, 24-05-2023
- Capital increase, €6,999,997
- Other provision, “fraction du capital par part” (deed in French)
- Partner, Duodev Management (general partner)
- Other provision, “nombre d'associés”, 41 (deed in French)
- Director in office, Duodev Management (statutory manager)
- Permanent representative, Olivier Beguin
20-02
Gazette deed
Permanent representative: Olivier BeguinCapital decrease · Capital increase · Amendment of the articles12 facts ▸
- General meeting, 24-01-2023
- Capital decrease, €7,095,001
- Other provision, “regroupement de parts”, 23365058 (deed in French)
- Capital increase, €25,834,950
- Capital increase, €262,724
- Amendment of the articles
- Capital, €49,202,680
- Other provision, “fraction du capital par part, chaque part représente la même fraction du capital” (deed in French)
- Other provision, “détention du capital”, 41 (deed in French)
- Partner, Duodev Management (associé commandité unique)
- Director in office, Duodev Management (statutory manager)
- Permanent representative, Olivier Beguin
20-01
Gazette deed
Permanent representative: Olivier BeguinCapital increase · Amendment of the articles · Declaration8 facts ▸
- General meeting, 14-12-2022
- Capital increase, €6,000,003
- Amendment of the articles
- Declaration, “fraction of capital, chaque part de la société représente la même fraction du capital de la société” (deed in French)
- Shareholding, “unique associé commandité” (deed in French)
- Other provision, 34, “shareholders count” (deed in French)
- Director in office, Duodev Management (statutory manager)
- Permanent representative, Olivier Beguin
22-07
Gazette deed
Permanent representative: Olivier BeguinCapital increase · Amendment of the articles · Capital9 facts ▸
- General meeting, 30-06-2022
- Capital increase, €23,253,004
- Amendment of the articles
- Capital, €24,200,004
- Other provision, “fraction du capital par part” (deed in French)
- Other provision, “nombre d'associés”, 34 (deed in French)
- Partner, Duodev Management (general partner)
- Director in office, Duodev Management (statutory manager)
- Permanent representative, Olivier Beguin
About the unread acts
Of the 13 Belgian Official Gazette deeds we know for this company, 12 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52028B0299/04G000 | Wallonia | 7,777 m² | 1 · 1,849 m² | 10.7 m · 3 |
How the parcels are linked
Articles of association
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “83808745, 566274” (deed in French)deed of 13-06-2025
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Capital: “€56.202.677” (deed in French)Other provision: “Nom et qualité du notaire instrumentant ou des représentants à l'égard des tiers, dernière page du volet B” (deed in French)deed of 18-08-2023
Read from the deeds: 3 provisions, deed of 13-06-2025