Result
-€4,650 -€4,650
From profit to loss in 2025, after a profit of €55,052 in 2024.
DUVAR
Lifetime
11 annual accounts with figures on one time axispeak €102,549 (2023)
€5,100▼ 94.6%
lowest -€64,995 (2020)
-€4,650▼ €59,702
peak €133,699 (2024)
€129,049▼ 3.5%
€449,257▲ 4.7%
Board1 name since 2015
1 directorDE BEULE Filip Cyriel Angèle
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Gross margin from €94,061 to €5,100Loss of €4,650Cash from €116,403 to €8,420
Key points
from the 2025 annual accountsChecked score
88
Excellent
Financially stronger than 32% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: 0.1%▲ +0.1 percentage points vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.77, cash €8,420, halved
Loss of €4,650 (financial year 2025)
lowers risk
Size: total assets €578,306
Figures for financial year 2025 (filed on 22-07-2026)
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 42% of them on solvency, 18% on liquidity, 31% on profitability and 37% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as DUVAR has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DUVAR itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,423 companies, not a prediction for DUVAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.77 (58.13 in 2024), above the usual 1.5. Short-term debt is 56.6% and cash 1.5% of total assets. However, 77.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
44 days early
2023
44 days early
2022
7 days early
2021
19 days early
2020
22 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DE BEULE Filip Cyriel Angèle 80 sharesdeed of 24-12-2021
- DESMAELE Inge Antoinette Gilberte 20 sharesdeed of 24-12-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0597921361
Resignation: DE BEULE Filip Cyriel Angèle (manager)
Reappointment: DE BEULE Filip Cyriel Angèle (director) · DE BEULE Filip Cyriel Angèle holds 80 shares · DESMAELE Inge Antoinette Gilberte holds 20 shares · General meeting of 20-12-2021 · Gazette deed
Incorporation
published on 23-02-2015 · Gazette deed
First establishment
Nestor de Tièrestraat 14, Knokke-Heist
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DUVAR Knokke-Heist | €578,306 | €5,100 | 22.3% | - |
| SACK D&A INVEST Ninove | €528,832 | €5,420 | 11.9% | - |
| Tsjak Wevelgem | €522,577 | €7,804 | -34.2% | - |
| PB Building Ingelmunster | €642,746 | €3,613 | 30.2% | - |
| JONCKERHOF Zedelgem | €539,590 | €2,279 | 39.7% | - |
| TORO BUILD Middelkerke | €662,483 | €5,038 | 21.3% | - |
| IMMO DOCHRI Lummen | €420,570 | €5,483 | 47.4% | 0 |
These companies have the same main activity as DUVAR: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €421,000 and €662,000, founded between 2013 and 2018.
Official details
Source: KBO- Status
- Active since 11-02-2015Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 2 others
- Establishment unit
- 2.244.571.0908300 Knokke-Heist, since 11-02-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €20,000estimated
- €578,306▲ 2.7%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on DUVAR
DUVAR files the micro format. That format states no turnover. The gross margin fell from €32,446 in 2015 to €5,100 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DUVAR
- What is the company number of DUVAR?
- The company number of DUVAR is 0597.921.361. The VAT number is the same number with BE in front: BE 0597.921.361.
- Where is DUVAR based?
- The registered office is at Nestor de Tièrestraat 14, 8300 Knokke-Heist.Company details
- What does DUVAR do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of DUVAR?
- DUVAR is a private limited company (BV).
- When was DUVAR founded?
- DUVAR was founded on 11-02-2015.
- Is DUVAR still active?
- Yes, DUVAR is an active enterprise in the KBO register.
- What is the turnover of DUVAR?
- The turnover in financial year 2025 is ≈ €20,000. This figure is estimated from the gross margin of €5,100 and 30 comparable companies (NACE 68110). It probably lies between €11,000 and €50,000. It is a rough estimate.Financials
- Is DUVAR profitable?
- In financial year 2025, DUVAR made a loss of €4,650.
- Where can I find the annual accounts of DUVAR?
- DUVAR filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DUVAR due?
- DUVAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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