Financials
- Financial year
- 2025
- Total assets
- €148,457
- Loss
- -€18,231
- Solvency
- 5.4%
Total assets▲ 261%
Net result
20192025
DUVAN
ActiveSummary
The computed 12-month bankruptcy probability of DUVAN is 1.8% (moderate). The annual accounts of DUVAN for financial year 2025 show a net loss of 70% of the equity at the start of that year. The 2025 annual accounts show equity of €7,967 and a net result of -€18,231. Equity is shrinking by about 7.8% per year across the filed financial years. Its solvency ranks better than 11% of 34,190 sector peers (NACE 43, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Other specialised construction activities
NACE 43990
1 site
Size
€148,457total assets 2025
- Equity
- €7,967
- Loss
- -€18,231
Turnover not published (micro format)
Structure
Accounts filed 3 days late0 of 5 deeds read
Why 53raises riskLoss of €18,231, the second in a row (financial year 2025)Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 2.00, cash €448, halvedlowers riskSize: total assets €148,457Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 21% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency
30-59
equity 5.4% of total assets
Liquidity
49-1
short-term debt 11.8% · cash 0.3%
Profitability
53-3
return on assets -12.3%
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.2%
12-2024: 1.1%▼ -0.1 percentage points vs 11-2024
01-2025: 1.3%▲ +0.2 percentage points vs 12-2024
02-2025: 1.5%▲ +0.2 percentage points vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.5%● unchanged vs 06-2025
08-2025: 0.7%▼ -0.8 percentage points vs 07-2025lowest value
09-2025: 0.8%▲ +0.1 percentage points vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 1.0%▲ +0.2 percentage points vs 12-2025
02-2026: 1.3%▲ +0.3 percentage points vs 01-2026
03-2026: 1.8%▲ +0.5 percentage points vs 02-2026highest value
04-2026: 1.8%● unchanged vs 03-2026highest value
05-2026: 1.8%● unchanged vs 04-2026highest value
06-2026: 1.8%● unchanged vs 05-2026highest value
07-2026: 1.8%● unchanged vs 06-2026highest value
08-2026: 1.8%● unchanged vs 07-2026highest value
09-2026: 1.8%● unchanged vs 08-2026highest value
10-2026: 1.8%● unchanged vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.0, compared with 4.12 in 2024; short-term debt: 11.8% and cash: 0.3% of total assets), but 94.6% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 43, micro): better than 11% on solvency, 41% on liquidity, 25% on profitability and 6% on growth.
The bankruptcy probability was computed on 08-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Seven signals.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€18,231
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 34190 sector peers (2025).
NBB · sector comparisonPosition among 34190 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are in a legal situation other than normal, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
3 days late
2024
29 days early
2023
27 days early
2022
22 days early
2021
31 days early
2020
20 days early
2019
21 days 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 21 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 4 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-10-2026 today31-01-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€18,231
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Timeline
- Events
- 22
- Since
- 2007
- Next accounts
- by 31-01-2027
- 04-01-2024Annual accounts filed
- 09-01-2023Annual accounts filed
- 31-12-2021Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other specialised construction activitiesNACE 43990
- Founded
- 05-10-2005
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.