DUVAR
ActiveSummary
DUVAR has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129,049 and a net result of -€4,650. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-27
Solvency47▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 58.13 in 2024; short-term debt: 56.6% and cash: 1.5% of total assets), but 77.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
44 d early
2023
44 d early
2022
7 d early
2021
19 d early
2020
22 d early
2019
8 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 22 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€129,049▼ 3.5%
2024 · €133,699
Total assets
€578,306▲ 2.7%
2024 · €562,830
Net result
-€4,650
2024 · €55,052
Working capital
€251,024▼ 54.6%
2024 · €553,148
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€991€3,994▲ 303%€102,034▲ 2,455%€93,458▼ 8.4%€4,572▼ 95.1%
Net result-€2,952▲ 95.5%€2,245€89,512▲ 3,887%€55,052▼ 38.5%-€4,650
Equity-€13,110▼ 29.1%-€10,865▲ 17.1%€78,647€133,699▲ 70.0%€129,049▼ 3.5%
Total assets€120,861▼ 11.5%€23,200▼ 80.8%€302,088▲ 1,202%€562,830▲ 86.3%€578,306▲ 2.7%
Debt€133,971▼ 8.7%€34,065▼ 74.6%€223,441▲ 556%€429,130▲ 92.1%€449,257▲ 4.7%
Working capital€113,494▼ 2.5%€15,200▼ 86.6%€181,774▲ 1,096%€553,148▲ 204%€251,024▼ 54.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €578,306
Equity
€129,049 ▼ 3.5%
Debt
€449,257 ▲ 4.7%
Debt's share of the balance-sheet total rises from 76.2% to 77.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.77▼
2024 · 58.13
Quick ratio
0.04▼
2024 · 12.42
Debt to equity
3.48▲
2024 · 3.21
ROE
-3.6%▼
2024 · 41.2%
ROA
-0.8%▼
2024 · 9.8%
Debt ≤ 1 year
€327,282▲
2024 · €9,682
Debt > 1 year
€115,000▼
2024 · €415,000
Income taxes
€3,623▼
2024 · €27,782
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €459 | €460 | €515 | €603 | €528 | ▼ 12.5% |
| Gross operating margin9900 | €1,450 | €4,453 | €102,549 | €94,061 | €5,100 | ▼ 94.6% |
| Operating profit (loss)9901 | €991 | €3,994 | €102,034 | €93,458 | €4,572 | ▼ 95.1% |
| Financial income75/76B | €2 | €0 | €1 | €362 | €35 | ▼ 90.4% |
| Recurring financial income75 | €2 | €0 | €1 | €362 | €35 | ▼ 90.4% |
| Financial charges65/66B | €3,946 | €1,749 | €9,613 | €10,986 | €5,634 | ▼ 48.7% |
| Recurring financial charges65 | €3,946 | €1,749 | €9,613 | €10,986 | €5,634 | ▼ 48.7% |
| Profit (loss) for the period before taxes9903 | -€2,953 | €2,245 | €92,421 | €82,833 | -€1,027 | ▼ 101% |
| Income taxes67/77 | -€0 | €0 | €2,909 | €27,782 | €3,623 | ▼ 87.0% |
| Profit (loss) for the period9904 | -€2,952 | €2,245 | €89,512 | €55,052 | -€4,650 | ▼ 108% |
| Profit (loss) for the period to be appropriated9905 | -€2,952 | €2,245 | €89,512 | €55,052 | -€4,650 | ▼ 108% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,861 | €23,200 | €302,088 | €562,830 | €578,306 | ▲ 2.7% |
| Current assets29/58 | €120,861 | €23,200 | €302,088 | €562,830 | €578,306 | ▲ 2.7% |
| Stocks and contracts in progress3 | €1,500 | €0 | €35,379 | €442,598 | €565,284 | ▲ 27.7% |
| Stocks30/36 | €1,500 | €0 | €35,379 | €442,598 | €565,284 | ▲ 27.7% |
| Amounts receivable within one year40/41 | €1,755 | €1,660 | €125,828 | €2,696 | €4,026 | ▲ 49.3% |
| Trade receivables40 | €1,755 | €1,659 | €125,828 | €2,537 | €3,926 | ▲ 54.8% |
| Other amounts receivable41 | - | €1 | €0 | €159 | €99 | ▼ 37.7% |
| Cash at bank and in hand54/58 | €117,606 | €21,519 | €140,881 | €116,403 | €8,420 | ▼ 92.8% |
| Deferred charges and accrued income490/1 | - | €21 | €0 | €1,133 | €576 | ▼ 49.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,861 | €23,200 | €302,088 | €562,830 | €578,306 | ▲ 2.7% |
| Equity10/15 | -€13,110 | -€10,865 | €78,647 | €133,699 | €129,049 | ▼ 3.5% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €34,838 | €34,838 | €58,647 | €113,699 | €113,699 | = |
| Distributable reserves133 | €34,838 | €34,838 | €58,647 | €113,699 | €113,699 | = |
| Profit (loss) carried forward14 | -€67,948 | -€65,702 | €0 | - | -€4,650 | - |
| Amounts payable17/49 | €133,971 | €34,065 | €223,441 | €429,130 | €449,257 | ▲ 4.7% |
| Amounts payable after more than one year17 | €124,000 | €25,000 | €100,000 | €415,000 | €115,000 | ▼ 72.3% |
| Financial debts170/4 | €124,000 | €25,000 | €100,000 | €415,000 | €115,000 | ▼ 72.3% |
| Amounts payable within one year42/48 | €7,367 | €8,001 | €120,315 | €9,682 | €327,282 | ▲ 3,280% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €315,000 | - |
| Trade debts44 | - | €225 | €110,348 | €6,825 | €5,057 | ▼ 25.9% |
| Suppliers440/4 | - | €225 | €110,348 | €6,825 | €5,057 | ▼ 25.9% |
| Taxes, remuneration and social security45 | €2,660 | €1,430 | €3,146 | €2,857 | €7,225 | ▲ 153% |
| Taxes450/3 | €2,660 | €1,430 | €3,146 | €2,857 | €7,225 | ▲ 153% |
| Other amounts payable47/48 | €4,707 | €6,346 | €6,821 | €0 | - | - |
| Accrued charges and deferred income492/3 | €2,604 | €1,065 | €3,126 | €4,449 | €6,975 | ▲ 56.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,952 | €2,245 | €89,512 | €55,052 | -€4,650 | ▼ 108% |
| Operating cash flow (approximation) | -€2,952 | €2,245 | €89,512 | €55,052 | -€4,650 | ▼ 108% |
| Change in cash | - | -€96,088 | €119,362 | -€24,478 | -€107,982 | ▼ 341% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 23current ratio 58.13
Current ratio from 2.51 to 58.13; short-term debt falls from €120,315 to €9,682.
31-12
Financial
Equity above €100,000Eq €133,699 ▲70%
3 profitable years in a row build equity to €133,699.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €89,512 ▲3,887%
Operating result €102,034, net result €89,512, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2,245
Net result €2,245 after 2 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 16.41
Current ratio from 6.77 to 16.41; short-term debt falls from €20,177 to €7,367.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€64,995
Net result drops to -€64,995, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity times 31current ratio 6.77
Current ratio from 0.22 to 6.77; short-term debt falls from €379,928 to €20,177.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €35,669
Net result €35,669 after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Knokke-Heist · 1 establishment unit since 2015
Ground area
1,244 m²
Building footprint
91 m²
Volume, LiDAR
835 m³
Parcel 31013C0387/00N000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DUVAR
since 20152.244.571.090
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013C0387/00N000 | Flanders | 1,244 m² | 1 · 91 m² | 12.6 m · 3 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.
Similar companies · same sector, comparable size
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AVENUE CAMBY BE
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,791 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
Founded11-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
46180Agents specialised in the wholesale of other particular products
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.