DUPLINET
ActiveSummary
DUPLINET has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €539,657 and a net result of €20,979. Equity has been stable since 2018 (±1.3% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 31-12-1990 Normal situation
- Activity
- “La commercialisation en gros ou en détail de produits de beauté, articles de toilette…” (deed in French)From the articles, 10 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.050.842.690 4540 Amay, since 31-12-1990
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- PIRENNE Joseph Marie Astrid CamilleDirector · since 10-08-2012
- GERON Martin Emmanuel Benedict GhislainDirector · since 17-08-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €43,990
- ▼ 16.8%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €20,979
- Equity
- €539,657
- ▼ 3.4%
- Total assets
- €589,284
- ▲ 2.7%
Score breakdownlowers riskSize: total assets €589,284Equity €539,657 (91.6% of total assets)Figures for financial year 2025 (filed on 27-04-2026)Founded in 1990Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 51% on liquidity, 54% on profitability and 34% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 45 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-04-2026 PDF all 28 filings
Every figure per financial year
The operating result for 2025 is 2% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €4,876 |
| Depreciation and write-downs of the year | €16,646 | €16,646 | €15,884 | €15,884 | €16,101 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,052 | €15,052 | €15,057 | €16,646 | €16,646 | €15,884 | €15,884 | €16,101 | ▲ 1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - | €8,849 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €4,237 | €3,798 | €4,167 | €4,322 | €4,459 | ▲ 3.2% |
| Gross operating margin9900 | €51,651 | €45,065 | €31,646 | €48,308 | €47,701 | €48,273 | €52,896 | €43,990 | ▼ 16.8% |
| Operating profit (loss)9901 | €32,838 | €26,296 | €12,377 | €27,425 | €27,256 | €28,223 | €23,841 | €23,430 | ▼ 1.7% |
| Financial income75/76B | - | - | - | €1 | €0 | €11 | €6,025 | €7,648 | ▲ 26.9% |
| Recurring financial income75 | €1 | - | - | €1 | €0 | €11 | €6,025 | €7,648 | ▲ 26.9% |
| Financial charges65/66B | - | - | - | €2,596 | €2,602 | €425 | €128,118 | €271 | ▼ 99.8% |
| Recurring financial charges65 | €6,041 | €6,041 | €2,987 | €2,596 | €2,602 | €425 | €100 | €271 | ▲ 172% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €128,019 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €26,798 | €20,255 | €9,390 | €24,831 | €24,655 | €27,809 | -€98,253 | €30,807 | - |
| Income taxes67/77 | €7,781 | €7,130 | €2,964 | €7,958 | €7,855 | €8,894 | €7,469 | €9,828 | ▲ 31.6% |
| Profit (loss) for the period9904 | €19,017 | €13,125 | €6,426 | €16,873 | €16,800 | €18,915 | -€105,722 | €20,979 | - |
| Profit (loss) for the period to be appropriated9905 | €19,017 | €13,125 | €6,426 | €16,873 | €16,800 | €18,915 | -€105,722 | €20,979 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €724,887 | €746,549 | €705,802 | €717,258 | €724,520 | €680,084 | €573,797 | €589,284 | ▲ 2.7% |
| Fixed assets21/28 | €681,868 | €666,815 | €659,726 | €643,080 | €626,434 | €610,551 | €186,871 | €175,646 | ▼ 6.0% |
| Tangible fixed assets22/27 | €274,072 | €259,020 | €251,931 | €235,285 | €218,639 | €202,755 | €186,871 | €175,646 | ▼ 6.0% |
| Land and buildings22 | - | - | - | €235,285 | €218,639 | €202,755 | €186,871 | €175,646 | ▼ 6.0% |
| Financial fixed assets28 | €407,796 | €407,796 | €407,796 | €407,796 | €407,796 | €407,796 | €0 | - | - |
| Current assets29/58 | €43,019 | €79,734 | €46,076 | €74,178 | €98,085 | €69,534 | €386,926 | €413,638 | ▲ 6.9% |
| Amounts receivable within one year40/41 | €219 | €4,321 | €5,678 | €0 | €1,325 | €498 | €498 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0 | €1,325 | €498 | €498 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | - | - | - | €369,000 | €385,000 | ▲ 4.3% |
| Cash at bank and in hand54/58 | €39,757 | €73,370 | €40,398 | €74,178 | €93,009 | €69,036 | €12,599 | €23,819 | ▲ 89.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,751 | €0 | €4,829 | €4,820 | ▼ 0.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €724,887 | €746,549 | €705,802 | €717,258 | €724,520 | €680,084 | €573,797 | €589,284 | ▲ 2.7% |
| Equity10/15 | €604,685 | €617,810 | €624,235 | €641,108 | €657,908 | €676,823 | €558,776 | €539,657 | ▼ 3.4% |
| Contributions10/11 | €414,739 | €414,739 | €414,739 | €414,739 | €414,739 | €414,739 | €414,739 | €414,739 | = |
| Capital10 | - | - | - | €414,739 | €414,739 | - | - | - | - |
| Issued capital100 | - | - | - | €426,396 | €426,396 | - | - | - | - |
| Uncalled capital101 | - | - | - | €11,656 | €11,656 | - | - | - | - |
| Reserves13 | €11,000 | €24,125 | €30,551 | €47,423 | €64,223 | €83,138 | €70,813 | €51,694 | ▼ 27.0% |
| Non-distributable reserves130/1 | - | - | - | €11,800 | €11,800 | €0 | - | - | - |
| Legal reserve130 | - | - | - | €11,800 | €11,800 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €35,623 | €52,423 | €83,138 | €70,813 | €51,694 | ▼ 27.0% |
| Profit (loss) carried forward14 | €178,945 | €178,945 | €178,945 | €178,945 | €178,945 | €178,945 | €73,223 | €73,223 | = |
| Amounts payable17/49 | €120,202 | €128,739 | €81,567 | €76,150 | €66,612 | €3,261 | €15,021 | €49,628 | ▲ 230% |
| Amounts payable after more than one year17 | €119,800 | €118,008 | €68,008 | €68,008 | €62,008 | €0 | - | €6,300 | - |
| Other amounts payable178/9 | - | - | - | €68,008 | €62,008 | €0 | - | €6,300 | - |
| Amounts payable within one year42/48 | €402 | €4,757 | €10,858 | €5,619 | €2,080 | €2,927 | €15,021 | €43,328 | ▲ 188% |
| Trade debts44 | €402 | €793 | €9,279 | €246 | €256 | €0 | - | - | - |
| Suppliers440/4 | - | - | - | €246 | €256 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €3,958 | €1,680 | €1,892 | €2,389 | €2,531 | ▲ 5.9% |
| Taxes450/3 | - | - | - | €3,958 | €1,680 | €1,892 | €2,389 | €2,531 | ▲ 5.9% |
| Other amounts payable47/48 | - | - | - | €1,415 | €144 | €1,035 | €12,632 | €40,797 | ▲ 223% |
| Accrued charges and deferred income492/3 | - | - | - | €2,524 | €2,524 | €335 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,017 | €13,125 | €6,426 | €16,873 | €16,800 | €18,915 | -€105,722 | €20,979 | - |
| + Depreciation and write-downs630 | €15,052 | €15,052 | €15,057 | €16,646 | €16,646 | €15,884 | €15,884 | €16,101 | ▲ 1.4% |
| Operating cash flow (approximation) | €34,069 | €28,178 | €21,482 | €33,519 | €33,446 | €34,799 | -€89,838 | €37,080 | - |
| Investment in fixed assets (approximation) | - | €0 | -€7,968 | €0 | €0 | €0 | €407,796 | -€4,876 | - |
| Change in cash | - | €33,612 | -€32,972 | €33,780 | €18,831 | -€23,973 | -€56,437 | €11,220 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as DUPLINET has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DUPLINET itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for DUPLINET. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-04-2026 | 2026-00088232 | |
| 31-12-2024 | micro format | 17-06-2025 | 2025-00143505 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00174168 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00180399 | |
| 31-12-2021 | micro format | 10-06-2022 | 2022-20055599 | |
| 31-12-2020 | full format | 30-06-2021 | 2021-27000220 | |
| 31-12-2019 | full format | 29-06-2020 | 2020-21500408 | |
| 31-12-2018 | full format | 03-07-2019 | 2019-27100509 | |
| 31-12-2017 | full format | 05-06-2018 | 2018-15500277 | |
| 31-12-2016 | full format | 30-06-2017 | 2017-23600425 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 17-06-2024 Capital reduction of €11,656 · “dispense aux actionnaires de libérer partie non appelée”
- 29-08-2023 Converted to unavailable equity · €426,395.60
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| GERON Martin Emmanuel Benedict Ghislain |
|
| PIRENNE Joseph Marie Astrid Camille |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “À défaut liquidateurs de plein droit membres de l'organe d'administration en fonction par clause statutaire, assemblée nomme un ou plusieurs…”
Articles of association, deed of 29-08-2023 (in French)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2023Equity €55,202 Loss of €869 in 2025 (loss of €37,083 in 2024) Checked score 8733.2%
Board mandates elsewhere
1 board mandateConnections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
17-06
Gazette deed
Capital decrease of €11,656Power of attorney7 points ▸
- General meeting, 17-08-2023
- Other provision, “capitaux propres”, 426395.6 (deed in French)
- Other provision, 17-08-2023
- Capital decrease, €11,656
- Other provision, “comptes annuels de la société, rapport requis par la loi” (deed in French)
- Power of attorney
- Other provision, “tous les dommages envers la société et les tiers, responsabilité solidaire des actionnaires” (deed in French)
29-08
Gazette deed
2 directors appointedAppointments: PIRENNE Joseph Marie Astrid Camille (director) and GERON Martin Emmanuel Benedict Ghislain (director) · Permanent representative: PIRENNE Joseph Marie Astrid Camille · Legal-form conversion10 points ▸
- Director appointment, PIRENNE Joseph Marie Astrid Camille (director)
- Director appointment, GERON Martin Emmanuel Benedict Ghislain (director)
- Permanent representative, PIRENNE Joseph Marie Astrid Camille (représentant permanent de la société)
- Legal-form conversion, “Société à Responsabilité Limitée” (deed in French)
- Capital conversion, “capitaux propres statutairement indisponibles” (deed in French)
- Registered office clause, “Thier 15 4890 THIMISTER-CLERMONT (Clermont-sur-Berwinne), Région” (deed in French)
- Purpose change
- Amendment of the articles
- General meeting, 17-08-2023
- Capital
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
10 activities
- La commercialisation en gros ou en détail de produits de beauté, articles de toilette, articles de droguerie, articles de confection, produits d’entretien, bijoux de fantaisie, quincaillerie, outillage, articles de bibeloterie et de fantaisie, articles de bureau, imprimés, articles de sport et de loisirs, appareils électriques et électroniques, matériel informatique, articles d’ameublement et de décoration, d’appareils du gros et du petit électroménager, appareils audio, tv, vidéo, lustrerie, matériel électrique pour installation, téléphonie, matériel de sécurité (alarmes bâtiment et automobile)
- Article d’art de la table, du bain, du jardin, de miroiterie, articles pour enfants (nurserie et sécurité), accessoires pour automobiles (design en général et équipement sport moteur sans placement), articles de quincaillerie industrielle et signalisation, outillage électrique et manuel, gadgets et divers, articles de mode spécial lingerie
- L’import-export et la vente par correspondance ou par internet pour les articles ci-dessus décrits
- Le service traiteur et organisation de banquets (main d’œuvre uniquement sans débit d’alcool)
- La prestation comme instructeur d’auto-école
- La prestation de services divers
- Toutes opérations immobilières et notamment: l’achat, la vente, la transformation, l’exploitation, la location de tous immeubles bâtis
- L’achat, la vente, le lotissement, l’exploitation, la location de tous immeubles non bâtis
- Toutes opérations industrielles et commerciales, financières et civiles, mobilières et immobilières ayant un rapport direct ou indirect avec son objet et pouvant en faciliter directement ou indirectement, entièrement ou partiellement, la réalisation
- S’intéresser par voie d’association, d’apport, de fusion, d’Intervention financière ou autrement dans toutes sociétés, associations ou entreprises dont l’objet est analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 61004B0451/00W002 | Wallonia | 1,062 m² | 1 · 93 m² | 11.3 m · 3 |