DUTRA
ActiveSummary
DUTRA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €4,423. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+6
Solvency86▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 2.4 against 1.96 in 2024; short-term debt: 38.6% and cash: 6.5% of total assets), and 38.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.1%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
20 d early
2023
49 d early
2022
75 d early
2021
44 d early
2020
58 d late
2019
74 d late
← 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 10 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4,423▲ 18.3%
2024 · €3,738
Working capital
€1.5m▲ 4.8%
2024 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€107,603▼ 37.1%€144,389▲ 34.2%-€125,986-€9,566▲ 92.4%€22,665
Net result€84,376within the sector's middle half▼ 83.2%€116,929within the sector's middle half▲ 38.6%-€126,229below the sector's middle half€3,738within the sector's middle half€4,423within the sector's middle half▲ 18.3%
Equity€1.7mabove the sector's middle half▲ 5.4%€1.8mabove the sector's middle half▲ 7.1%€1.6mwithin the sector's middle half▼ 7.1%€1.7mwithin the sector's middle half▲ 0.2%€1.7mwithin the sector's middle half▲ 0.3%
Total assets€2.4mwithin the sector's middle half▼ 16.1%€2.8mabove the sector's middle half▲ 14.3%€2.8mwithin the sector's middle half▲ 0.8%€3.2mwithin the sector's middle half▲ 12.4%€2.7mwithin the sector's middle half▼ 14.5%
Debt€783,974▼ 41.6%€1.0m▲ 30.2%€1.2m▲ 14.5%€1.5m▲ 29.6%€1.1m▼ 30.5%
Working capital€1.5m▲ 5.1%€1.6m▲ 9.5%€1.4m▼ 13.7%€1.4m▼ 0.6%€1.5m▲ 4.8%
Solvency67.8%above the sector's middle half▲ 13.8pp63.5%within the sector's middle half▼ 4.3pp58.5%within the sector's middle half▼ 5.0pp52.1%within the sector's middle half▼ 6.3pp61.1%within the sector's middle half▲ 9.0pp
Staff (FTE)21.4above the sector's middle half▲ 3.4%20above the sector's middle half▼ 6.5%19.5within the sector's middle half▼ 2.5%20within the sector's middle half▲ 2.6%19.4within the sector's middle half▼ 3.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €22,665 after a loss of €9,566 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€166,716 ▼ 28.6%
Current assets
€2.5m ▼ 12.3%
Equity and liabilities €2.7m
Equity
€1.7m ▲ 0.3%
Debt
€1.1m ▼ 30.5%
Debt's share of the balance-sheet total falls from 47.9% to 38.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€131,744▲
2024 · €103,889
Cash flow
€113,501▼
2024 · €117,193
Current ratio
2.40▲
2024 · 1.96
Quick ratio
1.06▲
2024 · 0.98
Debt to equity
0.64▼
2024 · 0.92
ROE
0.3%▲
2024 · 0.2%
ROA
0.2%▲
2024 · 0.1%
Interest coverage
4.05▲
2024 · 3.32
Debt ≤ 1 year
€1.0m▼
2024 · €1.5m
Debt > 1 year
€7,500▼
2024 · €47,237
Income taxes
€217▼
2024 · €2,594
Staff costs
€1.4m▲
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% 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%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
| 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 14,733 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | €171,424 | - |
| Remuneration, social security and pensions62 | €1.1m | €1.2m | €1.4m | €1.4m | €1.4m | ▲ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75,203 | €84,244 | €79,680 | €113,455 | €109,079 | ▼ 3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | -€14,502 | €16,157 | -€17,045 | €197 | ▲ 101% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €4,000 | -€4,000 | €0 | - | - | - |
| Other operating charges640/8 | €4,533 | €17,183 | €3,565 | €19,548 | €8,512 | ▼ 56.5% |
| Non-recurring operating charges66A | €8,819 | €0 | - | €12,716 | €6,855 | ▼ 46.1% |
| Gross operating margin9900 | €1.3m | €1.4m | €1.4m | €1.5m | €1.6m | ▲ 5.3% |
| Operating profit (loss)9901 | €107,603 | €144,389 | -€125,986 | -€9,566 | €22,665 | ▲ 337% |
| Financial income75/76B | €43,947 | €32,511 | €17,773 | €47,188 | €14,495 | ▼ 69.3% |
| Recurring financial income75 | €43,947 | €32,511 | €17,773 | €47,188 | €14,495 | ▼ 69.3% |
| Financial charges65/66B | €27,368 | €22,255 | €16,526 | €31,290 | €32,521 | ▲ 3.9% |
| Recurring financial charges65 | €27,368 | €22,255 | €16,526 | €31,290 | €32,521 | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | €124,182 | €154,645 | -€124,740 | €6,332 | €4,640 | ▼ 26.7% |
| Income taxes67/77 | €39,806 | €37,716 | €1,489 | €2,594 | €217 | ▼ 91.6% |
| Profit (loss) for the period9904 | €84,376 | €116,929 | -€126,229 | €3,738 | €4,423 | ▲ 18.3% |
| Transfer from tax-exempt reserves789 | €23,655 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €108,031 | €116,929 | -€126,229 | €3,738 | €4,423 | ▲ 18.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.8m | €2.8m | €3.2m | €2.7m | ▼ 14.5% |
| Formation expenses20 | - | - | €80,977 | €68,614 | €28,773 | ▼ 58.1% |
| Fixed assets21/28 | €240,476 | €215,731 | €208,853 | €233,560 | €166,716 | ▼ 28.6% |
| Intangible fixed assets21 | €12,718 | €8,005 | €27,917 | €109,831 | €98,760 | ▼ 10.1% |
| Tangible fixed assets22/27 | €220,653 | €203,726 | €170,976 | €113,769 | €57,995 | ▼ 49.0% |
| Plant, machinery and equipment23 | €110,217 | €81,268 | €53,461 | €24,437 | €2,025 | ▼ 91.7% |
| Furniture and vehicles24 | €65,430 | €72,647 | €74,418 | €52,488 | €25,377 | ▼ 51.7% |
| Leasing and similar rights25 | €2,195 | €0 | - | - | - | - |
| Other tangible fixed assets26 | €42,811 | €49,812 | €43,097 | €36,845 | €30,593 | ▼ 17.0% |
| Financial fixed assets28 | €7,105 | €4,000 | €9,960 | €9,960 | €9,960 | = |
| Current assets29/58 | €2.2m | €2.6m | €2.5m | €2.9m | €2.5m | ▼ 12.3% |
| Amounts receivable after more than one year29 | €10,000 | €10,000 | €0 | - | - | - |
| Other amounts receivable291 | €10,000 | €10,000 | €0 | - | - | - |
| Stocks and contracts in progress3 | €1.0m | €1.0m | €1.0m | €1.4m | €1.4m | ▼ 1.7% |
| Stocks30/36 | €1.0m | €1.0m | €1.0m | €1.4m | €1.4m | ▼ 1.7% |
| Amounts receivable within one year40/41 | €660,630 | €791,732 | €1.3m | €1.3m | €857,443 | ▼ 33.3% |
| Trade receivables40 | €637,044 | €784,307 | €1.3m | €1.3m | €855,046 | ▼ 33.4% |
| Other amounts receivable41 | €23,586 | €7,425 | €61,368 | €1,750 | €2,397 | ▲ 36.9% |
| Cash at bank and in hand54/58 | €507,004 | €743,160 | €169,202 | €131,531 | €174,749 | ▲ 32.9% |
| Deferred charges and accrued income490/1 | - | €2,051 | €12,236 | €18,943 | €76,542 | ▲ 304% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.8m | €2.8m | €3.2m | €2.7m | ▼ 14.5% |
| Equity10/15 | €1.7m | €1.8m | €1.6m | €1.7m | €1.7m | ▲ 0.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €40,783 | €40,783 | €40,783 | €40,783 | €40,783 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €34,583 | €34,583 | €34,583 | €34,583 | €34,583 | = |
| Profit (loss) carried forward14 | €1.6m | €1.7m | €1.5m | €1.5m | €1.6m | ▲ 0.3% |
| Provisions and deferred taxes16 | €4,000 | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €4,000 | €0 | - | - | - | - |
| Other liabilities and charges164/5 | €4,000 | €0 | - | - | - | - |
| Amounts payable17/49 | €783,974 | €1.0m | €1.2m | €1.5m | €1.1m | ▼ 30.5% |
| Amounts payable after more than one year17 | €71,467 | €74,535 | €50,388 | €47,237 | €7,500 | ▼ 84.1% |
| Financial debts170/4 | €71,467 | €74,535 | €50,388 | €47,237 | €7,500 | ▼ 84.1% |
| Amounts payable within one year42/48 | €712,507 | €945,993 | €1.1m | €1.5m | €1.0m | ▼ 28.6% |
| Current portion of amounts payable after more than one year42 | €86,794 | €38,900 | €41,740 | €77,613 | €47,236 | ▼ 39.1% |
| Financial debts43 | €1,000 | €58,406 | €157,205 | €230,352 | €169,670 | ▼ 26.3% |
| Credit institutions430/8 | €1,000 | €58,406 | €157,205 | €230,352 | €169,670 | ▼ 26.3% |
| Trade debts44 | €104,442 | €381,262 | €388,129 | €453,977 | €305,977 | ▼ 32.6% |
| Suppliers440/4 | €104,442 | €381,262 | €388,129 | €453,977 | €305,977 | ▼ 32.6% |
| Advances received on contracts in progress46 | - | - | €6,871 | €0 | - | - |
| Taxes, remuneration and social security45 | €253,134 | €227,596 | €256,688 | €312,026 | €282,274 | ▼ 9.5% |
| Taxes450/3 | €129,024 | €88,599 | €96,301 | €141,385 | €89,702 | ▼ 36.6% |
| Remuneration and social security454/9 | €124,110 | €138,997 | €160,387 | €170,641 | €192,571 | ▲ 12.9% |
| Other amounts payable47/48 | €267,137 | €239,830 | €267,599 | €390,370 | €240,000 | ▼ 38.5% |
| Accrued charges and deferred income492/3 | €0 | €341 | €308 | €3,576 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84,376 | €116,929 | -€126,229 | €3,738 | €4,423 | ▲ 18.3% |
| + Depreciation and write-downs630 | €75,203 | €84,244 | €79,680 | €113,455 | €109,079 | ▼ 3.9% |
| Operating cash flow (approximation) | €159,579 | €201,173 | -€46,548 | €117,193 | €113,501 | ▼ 3.2% |
| Investment in fixed assets (approximation) | - | -€59,500 | -€72,802 | -€138,162 | -€42,234 | ▲ 69.4% |
| Change in cash | - | €236,156 | -€573,958 | -€37,672 | €43,218 | ▲ 215% |
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
27-07
State Gazette act
Appointment: Ines Baurain (day-to-day manager)2 facts ▸
State Gazette act
Appointment: Ines Baurain (day-to-day manager)
2 facts ▸
- General meeting, 30-06-2026
- Director appointment, Ines Baurain (day-to-day manager)
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €3,738
Net result €3,738 after one loss-making year.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€126,229
Net result drops to -€126,229, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 58 days late
2020
31-12
Financial
Highest result since 2018net €501,172 ▲5,803%
Operating result €171,066, net result €501,172, both a record.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 office holder, last change in 2026
Day-to-day management 1
Ines Baurain
CurrentDay-to-day manager · since 01-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 1988
Ground area
2,693 m²
Building footprint
1,113 m²
Volume, LiDAR
6,622 m³
Parcel 25112C0116/00A000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dutra
since 19882.037.979.601
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112C0116/00A000 | Wallonia | 2,693 m² | 1 · 1,113 m² | 6.8 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.
Mandate history
1 person since 2026, 1 in office
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Ines Baurain |
|
Structure & network
Owners and holdings
1 ownerChain of control
- I.N.D.
- DUTRA
Highest known parent: I.N.D.. The sources do not say who stands above it.
Owners 1
- I.N.D.parentSourceaccounts I.N.D. 202599.6%
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
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 259 EUR awarded · 207 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 259 EUR | 207 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
6488NN00UO0R06F9E592
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Identification & contact
Identification
Legal formPublic limited company
Founded30-03-1988
Fiscal year end31-12
Activities, NACEBEL 2025
14230Manufacture of wearing apparel
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433869023
Also
9925:BE0433869023
Registered
08-04-2022
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.