Summary
Dust 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 €292,354 and a net result of €2,232. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 86% of 8074 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
31 d early
2023
31 d early
2022
32 d early
2021
31 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€292,354▼ 17.1%
2024 · €352,521
Net result
€2,232
2024 · -€2,024
Total assets
€330,591▼ 13.1%
2024 · €380,449
Solvency
88.4%▼ 4.2pp
2024 · 92.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€62,981▲ 8.1%€78,158▲ 24.1%€43,971▼ 43.7%-€1,106€10,760
Net result€46,081within the sector's middle half▲ 5.9%€60,381within the sector's middle half▲ 31.0%€34,225within the sector's middle half▼ 43.3%-€2,024below the sector's middle half€2,232below the sector's middle half
Equity€308,939within the sector's middle half▲ 2.3%€320,320within the sector's middle half▲ 3.7%€354,545within the sector's middle half▲ 10.7%€352,521within the sector's middle half▼ 0.6%€292,354within the sector's middle half▼ 17.1%
Total assets€359,238within the sector's middle half▲ 5.4%€384,544within the sector's middle half▲ 7.0%€398,783within the sector's middle half▲ 3.7%€380,449within the sector's middle half▼ 4.6%€330,591within the sector's middle half▼ 13.1%
Debt€50,299▲ 29.2%€64,224▲ 27.7%€44,238▼ 31.1%€27,928▼ 36.9%€38,237▲ 36.9%
Working capital€77,241▲ 60.3%€48,601▼ 37.1%€105,199▲ 116%€129,290▲ 22.9%€102,572▼ 20.7%
Solvency86.0%above the sector's middle half▼ 2.6pp83.3%above the sector's middle half▼ 2.7pp88.9%above the sector's middle half▲ 5.6pp92.7%above the sector's middle half▲ 3.8pp88.4%above the sector's middle half▼ 4.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10,760 after a loss of €1,106 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €330,591
Fixed assets
€190,592 ▼ 16.0%
Current assets
€139,999 ▼ 8.8%
Equity and liabilities €330,591
Equity
€292,354 ▼ 17.1%
Debt
€38,237 ▲ 36.9%
Debt's share of the balance-sheet total rises from 7.3% to 11.6%. Equity is lower and debt is higher.
Key figures and ratios
ROE
0.8%▲
2024 · -0.6%
ROA
0.7%▲
2024 · -0.5%
Debt ≤ 1 year
€37,427▲
2024 · €24,233
Debt > 1 year
€400=
2024 · €400
Income taxes
€8,444▲
2024 · €667
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,876 | €27,254 | €36,209 | €36,964 | €37,747 | ▲ 2.1% |
| Other operating charges640/8 | €2,675 | €2,687 | €4,173 | €3,739 | €5,251 | ▲ 40.4% |
| Non-recurring operating charges66A | - | - | €286 | €201 | - | - |
| Gross operating margin9900 | €90,532 | €108,098 | €84,638 | €39,798 | €53,758 | ▲ 35.1% |
| Operating profit (loss)9901 | €62,981 | €78,158 | €43,971 | -€1,106 | €10,760 | ▲ 1,073% |
| Financial income75/76B | €34 | €5 | €1 | €2 | €93 | ▲ 5,192% |
| Recurring financial income75 | €34 | €5 | €1 | €2 | €93 | ▲ 5,192% |
| Financial charges65/66B | €222 | €210 | €138 | €252 | €177 | ▼ 29.7% |
| Recurring financial charges65 | €222 | €210 | €138 | €252 | €177 | ▼ 29.7% |
| Profit (loss) for the period before taxes9903 | €62,793 | €77,953 | €43,834 | -€1,357 | €10,676 | ▲ 887% |
| Income taxes67/77 | €16,712 | €17,572 | €9,609 | €667 | €8,444 | ▲ 1,166% |
| Profit (loss) for the period9904 | €46,081 | €60,381 | €34,225 | -€2,024 | €2,232 | ▲ 210% |
| Profit (loss) for the period to be appropriated9905 | €46,081 | €60,381 | €34,225 | -€2,024 | €2,232 | ▲ 210% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €359,238 | €384,544 | €398,783 | €380,449 | €330,591 | ▼ 13.1% |
| Fixed assets21/28 | €233,377 | €272,489 | €250,121 | €226,926 | €190,592 | ▼ 16.0% |
| Intangible fixed assets21 | €172,203 | €159,591 | €146,979 | €134,740 | €122,502 | ▼ 9.1% |
| Tangible fixed assets22/27 | €61,175 | €112,898 | €103,142 | €92,186 | €68,090 | ▼ 26.1% |
| Land and buildings22 | €10,757 | €8,964 | €17,563 | €24,184 | €20,320 | ▼ 16.0% |
| Plant, machinery and equipment23 | €1,228 | €953 | €679 | €1,588 | €1,081 | ▼ 31.9% |
| Furniture and vehicles24 | €1,780 | €62,618 | €51,336 | €39,046 | €25,404 | ▼ 34.9% |
| Other tangible fixed assets26 | €47,410 | €40,362 | €33,564 | €27,368 | €21,285 | ▼ 22.2% |
| Current assets29/58 | €125,861 | €112,055 | €148,662 | €153,523 | €139,999 | ▼ 8.8% |
| Amounts receivable within one year40/41 | €22,854 | €15,594 | €14,502 | €5,140 | €10,403 | ▲ 102% |
| Trade receivables40 | €22,854 | €15,594 | €14,111 | €4,659 | €9,439 | ▲ 103% |
| Other amounts receivable41 | - | - | €391 | €481 | €964 | ▲ 100% |
| Cash at bank and in hand54/58 | €102,251 | €96,107 | €132,523 | €146,675 | €120,286 | ▼ 18.0% |
| Deferred charges and accrued income490/1 | €756 | €355 | €1,638 | €1,708 | €9,311 | ▲ 445% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €359,238 | €384,544 | €398,783 | €380,449 | €330,591 | ▼ 13.1% |
| Equity10/15 | €308,939 | €320,320 | €354,545 | €352,521 | €292,354 | ▼ 17.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €182,577 | €133,577 | €133,577 | €133,577 | €73,377 | ▼ 45.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €180,717 | €131,717 | €131,717 | €131,717 | €71,517 | ▼ 45.7% |
| Profit (loss) carried forward14 | €120,162 | €180,543 | €214,768 | €212,744 | €212,776 | = |
| Amounts payable17/49 | €50,299 | €64,224 | €44,238 | €27,928 | €38,237 | ▲ 36.9% |
| Amounts payable after more than one year17 | €400 | €400 | €400 | €400 | €400 | = |
| Other amounts payable178/9 | €400 | €400 | €400 | €400 | €400 | = |
| Amounts payable within one year42/48 | €48,620 | €63,454 | €43,463 | €24,233 | €37,427 | ▲ 54.4% |
| Trade debts44 | €12,146 | €10,657 | €11,254 | €6,996 | €9,637 | ▲ 37.8% |
| Suppliers440/4 | €12,146 | €10,657 | €11,254 | €6,996 | €9,637 | ▲ 37.8% |
| Taxes, remuneration and social security45 | €25,338 | €42,675 | €19,617 | €3,315 | €4,752 | ▲ 43.3% |
| Taxes450/3 | €22,690 | €40,026 | €19,617 | €667 | €4,752 | ▲ 613% |
| Remuneration and social security454/9 | €2,648 | €2,648 | - | €2,648 | - | - |
| Other amounts payable47/48 | €11,135 | €10,123 | €12,592 | €13,922 | €23,039 | ▲ 65.5% |
| Accrued charges and deferred income492/3 | €1,279 | €370 | €375 | €3,295 | €410 | ▼ 87.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,081 | €60,381 | €34,225 | -€2,024 | €2,232 | ▲ 210% |
| + Depreciation and write-downs630 | €24,876 | €27,254 | €36,209 | €36,964 | €37,747 | ▲ 2.1% |
| Operating cash flow (approximation) | €70,957 | €87,634 | €70,433 | €34,940 | €39,979 | ▲ 14.4% |
| Investment in fixed assets (approximation) | - | -€66,365 | -€13,841 | -€13,769 | -€1,412 | ▲ 89.7% |
| Change in cash | - | -€6,145 | €36,416 | €14,152 | -€26,389 | ▼ 286% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2,232
Net result €2,232 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €60,381 ▲31%
Operating result €78,158, net result €60,381, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3,965
Net result €3,965 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB 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, Huldenberg · 1 establishment unit since 2004
Ground area
4,375 m²
Building footprint
476 m²
Volume, LiDAR
2,767 m³
Parcel 24075D0202/00F000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Dust
since 20042.142.330.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24075D0202/00F000 | Flanders | 4,375 m² | 1 · 476 m² | 9.3 m · 2 fl. |
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
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 4,473 EUR awarded · 4,473 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,473 EUR | 4,473 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,762 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
Founded28-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
58110Book publishing
46500Wholesale of information and communication equipment
59203Motion picture, video and television programme production, sound recording and music publishing activities
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867610362
Also
9925:BE0867610362
Registered
16-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.