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DUPLER

Active
Public limited companyfounded 1993active for 33 yearsRue Belle Eau(FB) 7, 7911 Frasnes-lez-Anvaing, BelgiumKBO/BCE: BE 0450.921.425
Summary

DUPLER has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €120,919. Equity is growing by about 26% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, abbreviated format

Turnover
€42,295▲ 1.3%
2019 · €41,737
EBIT margin
19.4%▼ 2.5pp
2019 · 21.9%
Net result
€120,919▼ 18.6%
2024 · €148,621
Working capital
€362,865▲ 17.4%
2024 · €308,990
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 18% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€0.04m 2020 Operating result€0.2m 2025 Net result€0.1m 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
Turnover€0.04m€0.04m▲ 1.3%
Operating result€0.02m-€0.009m▼ 39.8%€0.008m▼ 10.1%-€0.01m€0.09m€0.2m▲ 80.1%€0.2m▲ 37.0%€0.2m▼ 18.4%
Net result€0.02m-€0.009m▼ 39.9%€0.008m▼ 10.1%-€0.01m€0.06m€0.1m▲ 65.7%€0.1m▲ 41.0%€0.1m▼ 18.6%
EBIT margin21.9%19.4%▼ 2.5pp
Equity€0.2m-€0.3m▲ 3.8%€0.3m▲ 3.3%€0.2m▼ 4.0%€0.8m▲ 218%€0.9m▲ 13.3%€1.0m▲ 16.5%€1.2m▲ 11.5%
Total assets€0.4m-€0.4m▲ 0.3%€0.5m▲ 20.2%€0.5m▲ 0.3%€1.1m▲ 111%€1.2m▲ 6.6%€1.2m▲ 7.3%€1.4m▲ 12.6%
Debt€0.2m-€0.2m▼ 4.4%€0.3m▲ 44.9%€0.3m▲ 4.9%€0.3m▲ 9.3%€0.3m▼ 11.7%€0.2m▼ 25.3%€0.2m▲ 18.6%
Working capital-€0.2m--€0.1m▲ 12.1%-€0.2m▼ 75.4%-€0.3m▼ 7.3%€0.2m€0.2m▲ 18.3%€0.3m▲ 41.0%€0.4m▲ 17.4%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €815,644 ▲ 10.5%
Current assets €577,326 ▲ 15.7%
Equity and liabilities €1.4m
Equity €1.2m ▲ 11.5%
Debt €225,118 ▲ 18.6%
Debt's share of the balance-sheet total rises from 15.4% to 16.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€239,074▼
2024 · €275,891
Cash flow
€180,372▼
2024 · €204,390
Current ratio
2.69▲
2024 · 2.63
Debt to equity
0.19▲
2024 · 0.18
ROE
10.4%▼
2024 · 14.2%
ROA
8.7%▼
2024 · 12.0%
Interest coverage
21.39▲
2024 · 19.00
Debt ≤ 1 year
€214,460▲
2024 · €189,860
Income taxes
€51,989▼
2024 · €62,334
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,136 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.2m€1.4m▲
Fixed assets21/28€0.7m€0.8m▲
Tangible fixed assets22/27€0.7m€0.8m▲
Land and buildings22€0.7m€0.8m▲
Plant, machinery and equipment23€0.02m€0.02m▼
Furniture and vehicles24€0.02m€0.007m▼
Financial fixed assets28€469€469=
Current assets29/58€0.5m€0.6m▲
Amounts receivable within one year40/41€0.009m€0.01m▲
Trade receivables40€0-
Other amounts receivable41€0.009m€0.01m▲
Current investments50/53€0.1m€0.2m▲
Cash at bank and in hand54/58€0.4m€0.4m▲
Deferred charges and accrued income490/1€0.003m€0.004m▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.4m▲
Equity10/15€1.0m€1.2m▲
Contributions10/11€0.2m€0.2m=
Capital10-€0.2m
Issued capital100-€0.2m
Contributions outside capital11€0.2m€0▼
Other1109/19€0.2m€0▼
Revaluation surpluses12€0.1m€0.1m=
Reserves13€0.6m€0.7m▲
Non-distributable reserves130/1€0.02m€0.02m=
Legal reserve130-€0.02m
Reserves not available under the articles1311€0.02m€0▼
Tax-exempt reserves132€232€232=
Distributable reserves133€0.6m€0.7m▲
Profit (loss) carried forward14€0.2m€0.2m=
Amounts payable17/49€0.2m€0.2m▲
Amounts payable within one year42/48€0.2m€0.2m▲
Current portion of amounts payable after more than one year42€0.02m€0.003m▼
Trade debts44€0.003m€0.07m▲
Suppliers440/4€0.003m€0.07m▲
Taxes, remuneration and social security45€0.02m€0.01m▼
Taxes450/3€0.02m€0.01m▼
Other amounts payable47/48€0.1m€0.1m▼
Accrued charges and deferred income492/3-€0.01m
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.06m€0.06m▲
Other operating charges640/8€0.003m€0.003m▲
Gross operating margin9900€0.3m€0.2m▼
Operating profit (loss)9901€0.2m€0.2m▼
Financial income75/76B€0.005m€0.004m▼
Recurring financial income75€0.005m€0.004m▼
Financial charges65/66B€0.01m€0.01m▼
Recurring financial charges65€0.01m€0.01m▼
Profit (loss) for the period before taxes9903€0.2m€0.2m▼
Income taxes67/77€0.06m€0.05m▼
Profit (loss) for the period9904€0.1m€0.1m▼
Profit (loss) for the period to be appropriated9905€0.1m€0.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.3m€0.3m▼
Profit (loss) brought forward from the previous period14P€0.2m€0.2m▲
Transfer to equity691/2€0.1m€0.1m▼
To other reserves6921€0.1m€0.1m▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Turnover70-€41,737€42,295------
Non-recurring operating income76A----€16,000€0---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,064€16,715€19,348€27,476€64,956€56,423€55,769€59,453▲ 6.6%
Other operating charges640/8---€3,160€6,232€2,361€2,968€3,479▲ 17.2%
Gross operating margin9900€32,782€27,622€29,107€20,246€160,400€219,441€278,860€242,553▼ 13.0%
Operating profit (loss)9901€15,183€9,145€8,223-€10,389€89,212€160,656€220,122€179,621▼ 18.4%
Financial income75/76B----€1€1,807€5,355€4,465▼ 16.6%
Recurring financial income75€5---€1€1,807€5,355€4,465▼ 16.6%
Financial charges65/66B---€43€318€13,211€14,521€11,177▼ 23.0%
Recurring financial charges65€41€36€37€43€318€13,211€14,521€11,177▼ 23.0%
Profit (loss) for the period before taxes9903€15,147€9,109€8,187-€10,432€88,895€149,253€210,956€172,909▼ 18.0%
Income taxes67/77----€25,291€43,855€62,334€51,989▼ 16.6%
Profit (loss) for the period9904€15,147€9,109€8,187-€10,432€63,604€105,397€148,621€120,919▼ 18.6%
Profit (loss) for the period to be appropriated9905€15,147€9,109€8,187-€10,432€63,604€105,397€148,621€120,919▼ 18.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.4m€0.4m€0.5m€0.5m€1.1m€1.2m€1.2m€1.4m▲ 12.6%
Fixed assets21/28€0.4m€0.4m€0.5m€0.5m€0.6m€0.7m€0.7m€0.8m▲ 10.5%
Tangible fixed assets22/27€0.4m€0.4m€0.5m€0.5m€0.6m€0.7m€0.7m€0.8m▲ 10.5%
Land and buildings22---€0.5m€0.5m€0.6m€0.7m€0.8m▲ 13.5%
Plant, machinery and equipment23----€0.02m€0.02m€0.02m€0.02m▼ 8.4%
Furniture and vehicles24---€242€0.05m€0.03m€0.02m€0.007m▼ 68.5%
Financial fixed assets28€400€400€400€400€469€469€469€469=
Current assets29/58€0.03m€0.04m€0.02m€0.01m€0.5m€0.5m€0.5m€0.6m▲ 15.7%
Amounts receivable within one year40/41€0.008m€0.008m€0.008m€374€0.02m€0.04m€0.009m€0.01m▲ 25.7%
Trade receivables40---€374€363€0.001m€0--
Other amounts receivable41---€0€0.01m€0.04m€0.009m€0.01m▲ 25.7%
Current investments50/53-----€0.1m€0.1m€0.2m▲ 36.4%
Cash at bank and in hand54/58€0.02m€0.03m€0.009m€0.008m€0.5m€0.3m€0.4m€0.4m▲ 7.5%
Deferred charges and accrued income490/1---€0.004m€0.002m€0.003m€0.003m€0.004m▲ 30.4%
Equity and liabilities
Total equity and liabilities10/49€0.4m€0.4m€0.5m€0.5m€1.1m€1.2m€1.2m€1.4m▲ 12.6%
Equity10/15€0.2m€0.3m€0.3m€0.2m€0.8m€0.9m€1.0m€1.2m▲ 11.5%
Contributions10/11€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Capital10---€0.2m€0--€0.2m-
Issued capital100---€0.2m€0--€0.2m-
Contributions outside capital11----€0.2m€0.2m€0.2m€0▼ 100%
Other1109/19----€0.2m€0.2m€0.2m€0▼ 100%
Revaluation surpluses12---€0.1m€0.1m€0.1m€0.1m€0.1m=
Reserves13€0.02m€0.02m€0.02m€0.02m€0.3m€0.4m€0.6m€0.7m▲ 21.2%
Non-distributable reserves130/1---€0.02m€0.02m€0.02m€0.02m€0.02m=
Legal reserve130---€0.02m€0--€0.02m-
Reserves not available under the articles1311----€0.02m€0.02m€0.02m€0▼ 100%
Tax-exempt reserves132----€232€232€232€232=
Distributable reserves133----€0.3m€0.4m€0.6m€0.7m▲ 22.0%
Profit (loss) carried forward14-€0.04m-€0.03m-€0.03m-€0.04m€0.2m€0.2m€0.2m€0.2m=
Amounts payable17/49€0.2m€0.2m€0.3m€0.3m€0.3m€0.3m€0.2m€0.2m▲ 18.6%
Amounts payable within one year42/48€0.2m€0.2m€0.3m€0.3m€0.3m€0.3m€0.2m€0.2m▲ 13.0%
Current portion of amounts payable after more than one year42-----€0.03m€0.02m€0.003m▼ 77.9%
Trade debts44€53€227€0.01m€144€0.01m€0.01m€0.003m€0.07m▲ 22×
Suppliers440/4---€144€0.01m€0.01m€0.003m€0.07m▲ 22×
Taxes, remuneration and social security45----€0.04m€0.01m€0.02m€0.01m▼ 44.3%
Taxes450/3----€0.04m€0.01m€0.02m€0.01m▼ 44.3%
Other amounts payable47/48---€0.3m€0.2m€0.2m€0.1m€0.1m▼ 15.7%
Accrued charges and deferred income492/3-------€0.01m-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€15,147€9,109€8,187-€10,432€63,604€105,397€148,621€120,919▼ 18.6%
+ Depreciation and write-downs630€16,064€16,715€19,348€27,476€64,956€56,423€55,769€59,453▲ 6.6%
Operating cash flow (approximation)€31,212€25,824€27,535€17,044€128,561€161,821€204,390€180,372▼ 11.8%
Investment in fixed assets (approximation)--€7,415-€127,909-€34,069-€172,485-€127,903-€114,596-€137,155▼ 19.7%
Change in cash-€10,434-€22,425-€1,294€447,927-€133,115€29,591€26,421▼ 10.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 32 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 15-07-2026 2026-00303275
31-12-2024 micro format 20-08-2025 2025-00414178
31-12-2023 micro format 20-08-2024 2024-00357173
31-12-2022 full format 14-07-2023 2023-00235082
31-12-2021 micro format 20-07-2022 2022-20205202
31-12-2020 micro format 31-08-2021 2021-65200527
31-12-2019 micro format 01-09-2020 2020-50300326
31-12-2018 micro format 25-07-2019 2019-39900235
31-12-2017 micro format 24-07-2018 2018-40200499
31-12-2016 full format 28-07-2017 2017-39800044

Show all 32 filings

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