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DUSE

Active
Private limited companyfounded 20205 yrs activeRue de l'Hydrion 50, 6700 Arlon, BelgiumKBO/BCE: BE 0758.698.762
Summary

DUSE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€9,903) and a net result of -€12,683. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 342 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability63▲+52
Solvency21▼-9
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.36 in 2023; short-term debt: 101.3% and cash: 0.3% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-3.5%
Return on assets
-4.5%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€9,903
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
120 d late
2023
61 d late
2022
60 d late
2021
78 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 80 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 November 2020, DUSE was incorporated as a Private limited company.1 Total assets went from EUR 91,381 in 2021 to EUR 279,548 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€12,683▲ 34.5%
2023 · -€19,361
Working capital
-€215,649▼ 11.6%
2023 · -€193,258
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result-€21,123-€6,269-€37,287-€21,788▲ 41.6%
Net result-€24,847below the sector's middle half-€2,016within the sector's middle half-€19,361below the sector's middle half-€12,683below the sector's middle half▲ 34.5%
Equity-€4,847below the sector's middle half--€2,831below the sector's middle half▲ 41.6%€15,266below the sector's middle half-€9,903below the sector's middle half
Total assets€91,381below the sector's middle half-€167,658within the sector's middle half▲ 83.5%€330,996within the sector's middle half▲ 97.4%€279,548within the sector's middle half▼ 15.5%
Debt€96,229-€170,489▲ 77.2%€303,244▲ 77.9%€283,208▼ 6.6%
Working capital-€7,473-€69,542-€193,258-€215,649▼ 11.6%
Solvency-5.3%below the sector's middle half--1.7%below the sector's middle half▲ 3.6pp4.6%below the sector's middle half▲ 6.3pp-3.5%below the sector's middle half▼ 8.2pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0Operating result 2021: -€21,123-€21,123Net result 2021: -€24,847-€24,847Operating result 2022: €6,269€6,269Net result 2022: €2,016€2,016Operating result 2023: -€37,287-€37,287Net result 2023: -€19,361-€19,361Operating result 2024: -€21,788-€21,788Net result 2024: -€12,683-€12,6832021202220232024-€40,000-€20,000€0Operating result 2022: €6,269€6,270Net result 2022: €2,016€2,020Operating result 2023: -€37,287-€37,300Net result 2023: -€19,361-€19,400Operating result 2024: -€21,788-€21,800Net result 2024: -€12,683-€12,700202220232024
The operating result stays negative: a loss of €21,788 in 2024 against €37,287 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €279,548
Fixed assets €212,089 ▼ 4.1%
Current assets €67,459 ▼ 38.6%
Key figures and ratios
2024 value · change against 2023
EBITDA
€91,633▲
2023 · -€5,634
Cash flow
€100,738▲
2023 · €12,292
Current ratio
0.24▼
2023 · 0.36
Debt to equity
-28.60▼
2023 · 19.86
ROA
-4.5%▲
2023 · -5.8%
Interest coverage
9.52▲
2023 · -0.77
Debt ≤ 1 year
€283,108▼
2023 · €303,169
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a small loss
4.6% went bankrupt
5.5% stopped otherwise
88% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,570 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 · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€330,996€279,548▼
Fixed assets21/28€221,085€212,089▼
Intangible fixed assets21€220,879€212,089▼
Tangible fixed assets22/27€206€0▼
Plant, machinery and equipment23€206€0▼
Current assets29/58€109,911€67,459▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€104,611€47,493▼
Trade receivables40€43,590€1,050▼
Other amounts receivable41€61,020€46,443▼
Cash at bank and in hand54/58€5,000€957▼
Deferred charges and accrued income490/1€300€19,008▲
Equity and liabilities
Total equity and liabilities10/49€330,996€279,548▼
Equity10/15€15,266-€9,903▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€42,192-€48,632▼
Investment grants15€37,458€18,729▼
Provisions and deferred taxes16€12,486€6,243▼
Deferred taxes168€12,486€6,243▼
Amounts payable17/49€303,244€283,208▼
Amounts payable within one year42/48€303,169€283,108▼
Trade debts44€101,752€68,057▼
Suppliers440/4€101,752€68,057▼
Other amounts payable47/48€201,418€215,051▲
Accrued charges and deferred income492/3€75€100▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,652€113,421▲
Other operating charges640/8€384€387▲
Gross operating margin9900-€5,250€92,020▲
Operating profit (loss)9901-€37,287-€21,788▲
Financial income75/76B€18,980€18,729▼
Recurring financial income75€18,980€18,729▼
Financial charges65/66B€7,297€9,624▲
Recurring financial charges65€7,297€9,624▲
Profit (loss) for the period before taxes9903-€25,604-€12,683▲
Transfer from deferred taxes780€6,243-
Profit (loss) for the period9904-€19,361-€12,683▲
Transfer from tax-exempt reserves789-€6,243
Profit (loss) for the period to be appropriated9905-€19,361-€6,440▲
Appropriation of the result
Profit (loss) to be appropriated9906-€42,192-€48,632▼
Profit (loss) brought forward from the previous period14P-€22,831-€42,192▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,837€1,760€31,652€113,421▲ 258%
Other operating charges640/8-€348€384€387▲ 0.8%
Gross operating margin9900-€14,285€8,376-€5,250€92,020▲ 1,853%
Operating profit (loss)9901-€21,123€6,269-€37,287-€21,788▲ 41.6%
Financial income75/76B€31€132€18,980€18,729▼ 1.3%
Recurring financial income75€31€132€18,980€18,729▼ 1.3%
Financial charges65/66B€3,756€4,385€7,297€9,624▲ 31.9%
Recurring financial charges65€3,756€4,385€7,297€9,624▲ 31.9%
Profit (loss) for the period before taxes9903-€24,847€2,016-€25,604-€12,683▲ 50.5%
Transfer from deferred taxes780--€6,243--
Profit (loss) for the period9904-€24,847€2,016-€19,361-€12,683▲ 34.5%
Transfer from tax-exempt reserves789---€6,243-
Profit (loss) for the period to be appropriated9905-€24,847€2,016-€19,361-€6,440▲ 66.7%
Line2021202220232024Change
Assets
Total assets20/58€91,381€167,658€330,996€279,548▼ 15.5%
Fixed assets21/28€3,726€1,966€221,085€212,089▼ 4.1%
Intangible fixed assets21--€220,879€212,089▼ 4.0%
Tangible fixed assets22/27€3,726€1,966€206€0▼ 100%
Plant, machinery and equipment23€3,726€1,966€206€0▼ 100%
Current assets29/58€87,655€165,691€109,911€67,459▼ 38.6%
Stocks and contracts in progress3€16,632€99,638€0--
Stocks30/36€16,632€99,638€0--
Amounts receivable within one year40/41€70,672€63,320€104,611€47,493▼ 54.6%
Trade receivables40€62,685€1,768€43,590€1,050▼ 97.6%
Other amounts receivable41€7,987€61,553€61,020€46,443▼ 23.9%
Cash at bank and in hand54/58€351€2,733€5,000€957▼ 80.9%
Deferred charges and accrued income490/1--€300€19,008▲ 6,236%
Equity and liabilities
Total equity and liabilities10/49€91,381€167,658€330,996€279,548▼ 15.5%
Equity10/15-€4,847-€2,831€15,266-€9,903▼ 165%
Contributions10/11€20,000€20,000€20,000€20,000=
Profit (loss) carried forward14-€24,847-€22,831-€42,192-€48,632▼ 15.3%
Investment grants15--€37,458€18,729▼ 50.0%
Provisions and deferred taxes16--€12,486€6,243▼ 50.0%
Deferred taxes168--€12,486€6,243▼ 50.0%
Amounts payable17/49€96,229€170,489€303,244€283,208▼ 6.6%
Amounts payable within one year42/48€95,129€96,149€303,169€283,108▼ 6.6%
Trade debts44€6,410€3,180€101,752€68,057▼ 33.1%
Suppliers440/4€6,410€3,180€101,752€68,057▼ 33.1%
Other amounts payable47/48€88,719€92,969€201,418€215,051▲ 6.8%
Accrued charges and deferred income492/3€1,100€74,340€75€100▲ 33.3%
Line2021202220232024Change
Profit (loss) for the period9904-€24,847€2,016-€19,361-€12,683▲ 34.5%
+ Depreciation and write-downs630€6,837€1,760€31,652€113,421▲ 258%
Operating cash flow (approximation)-€18,010€3,776€12,292€100,738▲ 720%
Investment in fixed assets (approximation)-€0-€250,772-€104,424▲ 58.4%
Change in cash-€2,382€2,267-€4,043▼ 278%

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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Timeline · acts, filings and financial milestones

2025
28-11
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 120 days late
2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
29-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial Back to profitnet €2,016
Net result €2,016 after one loss-making year.
17-10
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Arlon · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
2,478 m²
Building footprint
320 m²
Parcel 81001A1711/00L006, Wallonia. Linked by address, not a title deed.
15 companies at this address See who is registered here
1 establishment unit
Stockem, rue de l'Hydrion 50, 6700 Arlon
Motion picture, video and television programme production, sound recording and music publishing activities
since 20202.320.038.476
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
81001A1711/00L006 Wallonia 2,478 m² 1 · 320 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. SPORT ENTERTAINMENT YOUTH AND ADVERTISING 70%
  2. DUSE

Highest known parent: SPORT ENTERTAINMENT YOUTH AND ADVERTISING. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 2,582 companies in sector 59113 we hold annual accounts for 702. 472 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded24-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
59113Video and film production, excluding cinema and television films
E-invoicing
Reachable via Peppol
Peppol ID 0208:0758698762
Also 9925:BE0758698762
Registered 22-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.