Skip to content

Duspie

Active
Public limited companyfounded 1999active for 26 yearsFelix D'Hoopstraat 180, 8700 Tielt, Belgium12 active companies are registered at this addressKBO/BCE: BE 0467.366.685
Summary

Duspie has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €664,184 and a net result of €10,028. Equity remains stable across the filed financial years (±1% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, abbreviated format

Equity
€664,184▲ 1.5%
2024 · €654,156
Total assets
€1.1m▲ 2.5%
2024 · €1.1m
Net result
€10,028▲ 915%
2024 · €988
Working capital
€26,789▲ 20.1%
2024 · €22,298
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result recovers in 2025; 2025 is 129% above 2024 and is the highest result in the available series.

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

Operating result€0.02m 2025 Net result€0.01m 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
Line2019202020212022202320242025
Operating result€0.02m-€0.02m▲ 12.9%€0.02m▲ 9.1%€0.02m▼ 21.7%€0.02m▲ 4.3%€0.009m▼ 44.7%€0.02m▲ 129%
Net result€0.01m-€0.006m▼ 47.0%€0.008m▲ 34.6%€0.005m▼ 34.2%€0.007m▲ 19.6%€0.001m▼ 84.9%€0.01m▲ 915%
Equity€0.6m-€0.6m▲ 5.2%€0.6m▲ 1.3%€0.6m▲ 0.9%€0.7m▲ 1.0%€0.7m▲ 0.2%€0.7m▲ 1.5%
Total assets€1.3m-€1.2m▼ 0.9%€1.2m▼ 2.0%€1.2m▼ 4.8%€1.1m▼ 2.0%€1.1m▼ 2.9%€1.1m▲ 2.5%
Debt€0.5m-€0.5m▼ 2.3%€0.5m▼ 5.9%€0.4m▼ 13.1%€0.4m▼ 6.4%€0.3m▼ 7.9%€0.4m▲ 6.8%
Working capital-€0.02m--€295▲ 98.7%€0.02m-€0.02m€0.005m€0.02m▲ 338%€0.03m▲ 20.1%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets €1.1m ▲ 3.0%
Current assets €47,065 ▼ 7.7%
Equity and liabilities €1.1m
Equity €664,184 ▲ 1.5%
Provisions €110,484 ▼ 4.4%
Debt €360,866 ▲ 6.8%
Debt's share of the balance-sheet total rises from 30.5% to 31.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€60,618▲
2024 · €48,403
Cash flow
€48,954▲
2024 · €39,914
Current ratio
2.32▲
2024 · 1.78
Debt to equity
0.54▲
2024 · 0.52
ROE
1.5%▲
2024 · 0.2%
ROA
0.9%▲
2024 · 0.1%
Interest coverage
7.51▲
2024 · 5.91
Debt ≤ 1 year
€20,276▼
2024 · €28,670
Debt > 1 year
€338,181▲
2024 · €300,446
Income taxes
€8,687▲
2024 · €5,395
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.1% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96.1% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

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 497,475 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 14,766 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 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.1m€1.1m▲
Fixed assets21/28€1.1m€1.1m▲
Tangible fixed assets22/27€1.1m€1.1m▲
Land and buildings22€1.1m€1.0m▼
Assets under construction and advance payments27-€0.07m
Current assets29/58€0.05m€0.05m▼
Amounts receivable within one year40/41€0.003m€0.005m▲
Trade receivables40€0-
Other amounts receivable41€0.003m€0.005m▲
Cash at bank and in hand54/58€0.05m€0.03m▼
Deferred charges and accrued income490/1€0.001m€0.008m▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.1m▲
Equity10/15€0.7m€0.7m▲
Contributions10/11€0.1m€0.1m=
Capital10€0.1m€0.1m=
Issued capital100€0.1m€0.1m=
Reserves13€0.4m€0.3m▼
Non-distributable reserves130/1€0.01m€0.01m=
Legal reserve130€0.01m€0.01m=
Tax-exempt reserves132€0.3m€0.3m▼
Profit (loss) carried forward14€0.2m€0.2m▲
Provisions and deferred taxes16€0.1m€0.1m▼
Deferred taxes168€0.1m€0.1m▼
Amounts payable17/49€0.3m€0.4m▲
Amounts payable after more than one year17€0.3m€0.3m▲
Financial debts170/4€0-
Other amounts payable178/9€0.3m€0.3m▲
Amounts payable within one year42/48€0.03m€0.02m▼
Current portion of amounts payable after more than one year42€0.03m€75▼
Trade debts44€0.003m€0.005m▲
Suppliers440/4€0.003m€0.005m▲
Taxes, remuneration and social security45-€0.02m
Taxes450/3-€0.02m
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0.009m€0.002m▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.04m=
Other operating charges640/8€0.01m€0.01m▲
Gross operating margin9900€0.06m€0.07m▲
Operating profit (loss)9901€0.009m€0.02m▲
Financial income75/76B€42€44▲
Recurring financial income75€42€44▲
Financial charges65/66B€0.008m€0.008m▼
Recurring financial charges65€0.008m€0.008m▼
Profit (loss) for the period before taxes9903€0.001m€0.01m▲
Transfer from deferred taxes780€0.005m€0.005m=
Income taxes67/77€0.005m€0.009m▲
Profit (loss) for the period9904€0.001m€0.01m▲
Transfer from tax-exempt reserves789€0.02m€0.02m=
Profit (loss) for the period to be appropriated9905€0.02m€0.03m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.2m▲
Profit (loss) brought forward from the previous period14P€0.2m€0.2m▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,926€38,864€38,926€38,926€38,926€38,926€38,926=
Other operating charges640/8---€10,761€11,717€12,602€12,948▲ 2.7%
Gross operating margin9900€66,329€68,440€71,107€66,130€67,796€61,005€73,566▲ 20.6%
Operating profit (loss)9901€17,053€19,253€21,008€16,443€17,152€9,477€21,692▲ 129%
Financial income75/76B---€29€39€42€44▲ 3.5%
Recurring financial income75€19€25€11€29€39€42€44▲ 3.5%
Financial charges65/66B---€9,165€8,548€8,192€8,076▼ 1.4%
Recurring financial charges65€11,348€9,997€9,976€9,165€8,548€8,192€8,076▼ 1.4%
Profit (loss) for the period before taxes9903€5,723€9,280€11,044€7,307€8,644€1,328€13,660▲ 929%
Transfer from deferred taxes780---€5,055€5,055€5,055€5,055=
Income taxes67/77-€9,200€7,797€6,898€7,165€5,395€8,687▲ 61.0%
Profit (loss) for the period9904€11,644€6,169€8,302€5,465€6,534€988€10,028▲ 915%
Transfer from tax-exempt reserves789---€15,165€15,165€15,165€15,165=
Profit (loss) for the period to be appropriated9905€25,740€20,663€23,467€20,629€21,699€16,153€25,193▲ 56.0%
Line2019202020212022202320242025Change
Assets
Total assets20/58€1.3m€1.2m€1.2m€1.2m€1.1m€1.1m€1.1m▲ 2.5%
Fixed assets21/28€1.3m€1.2m€1.2m€1.1m€1.1m€1.1m€1.1m▲ 3.0%
Tangible fixed assets22/27€1.3m€1.2m€1.2m€1.1m€1.1m€1.1m€1.1m▲ 3.0%
Land and buildings22---€1.1m€1.1m€1.1m€1.0m▼ 3.7%
Assets under construction and advance payments27------€0.07m-
Current assets29/58€0.008m€0.04m€0.05m€0.03m€0.05m€0.05m€0.05m▼ 7.7%
Amounts receivable within one year40/41--€201€0.001m€0.006m€0.003m€0.005m▲ 79.2%
Trade receivables40----€0.004m€0--
Other amounts receivable41---€0.001m€0.002m€0.003m€0.005m▲ 79.2%
Cash at bank and in hand54/58€0.007m€0.03m€0.05m€0.02m€0.04m€0.05m€0.03m▼ 27.4%
Deferred charges and accrued income490/1---€0.006m€0.001m€0.001m€0.008m▲ 643%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.2m€1.2m€1.2m€1.1m€1.1m€1.1m▲ 2.5%
Equity10/15€0.6m€0.6m€0.6m€0.6m€0.7m€0.7m€0.7m▲ 1.5%
Contributions10/11€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m=
Capital10---€0.1m€0.1m€0.1m€0.1m=
Issued capital100---€0.1m€0.1m€0.1m€0.1m=
Reserves13€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.3m▼ 4.2%
Non-distributable reserves130/1---€0.01m€0.01m€0.01m€0.01m=
Legal reserve130---€0.01m€0.01m€0.01m€0.01m=
Tax-exempt reserves132---€0.4m€0.4m€0.3m€0.3m▼ 4.4%
Profit (loss) carried forward14€0.08m€0.1m€0.1m€0.1m€0.2m€0.2m€0.2m▲ 13.6%
Provisions and deferred taxes16€0.2m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m▼ 4.4%
Deferred taxes168---€0.1m€0.1m€0.1m€0.1m▼ 4.4%
Amounts payable17/49€0.5m€0.5m€0.5m€0.4m€0.4m€0.3m€0.4m▲ 6.8%
Amounts payable after more than one year17€0.4m€0.4m€0.4m€0.3m€0.3m€0.3m€0.3m▲ 12.6%
Financial debts170/4---€0.06m€0.03m€0--
Other amounts payable178/9---€0.3m€0.3m€0.3m€0.3m▲ 12.6%
Amounts payable within one year42/48€0.03m€0.04m€0.03m€0.05m€0.04m€0.03m€0.02m▼ 29.3%
Current portion of amounts payable after more than one year42---€0.03m€0.03m€0.03m€75▼ 99.7%
Trade debts44€489€196€456€0.01m€0.006m€0.003m€0.005m▲ 34.7%
Suppliers440/4---€0.01m€0.006m€0.003m€0.005m▲ 34.7%
Taxes, remuneration and social security45------€0.02m-
Taxes450/3------€0.02m-
Other amounts payable47/48---€165€0.001m€0--
Accrued charges and deferred income492/3---€0.002m€0.009m€0.009m€0.002m▼ 72.6%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€11,644€6,169€8,302€5,465€6,534€988€10,028▲ 915%
+ Depreciation and write-downs630€38,926€38,864€38,926€38,926€38,926€38,926€38,926=
Operating cash flow (approximation)€50,570€45,033€47,228€44,390€45,460€39,914€48,954▲ 22.6%
Investment in fixed assets (approximation)-€0€0€0€0€0-€70,750-
Change in cash-€28,002€13,871-€25,989€15,661€8,785-€12,965-

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

Download as CSV

Latest 10 of 24 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 abbreviated format 12-01-2026 2026-00009923
30-06-2024 abbreviated format 20-01-2025 2025-00009090
30-06-2023 abbreviated format 18-01-2024 2024-00005105
30-06-2022 abbreviated format 19-01-2023 2023-00006310
30-06-2021 abbreviated format 20-01-2022 2022-02000518
30-06-2020 abbreviated format 15-01-2021 2021-01100294
30-06-2019 abbreviated format 22-01-2020 2020-02300257
30-06-2018 abbreviated format 31-01-2019 2019-04100364
30-06-2017 abbreviated format 14-02-2018 2018-05200169
30-06-2016 full format 20-12-2016 2016-71100504

Show all 24 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.