M. DUTOIT
ActiveSummary
M. DUTOIT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €3k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-7
Solvency100▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 5.65 against 2.93 in 2024; short-term debt: 14.5% and cash: 3.5% of total assets), and 14.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 31-03-2025 was due by 31-10-2025 and was filed on 02-10-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
16 d early
2023
17 d late
2021
9 d early
2020
3 d early
2019
on the day
2018
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€117k▼ 15.6%
2024 · €139k
2018: €96klowest value
2019: €105k▲ +10.0% vs 2018
2020: €101k▼ -3.7% vs 2019
2021: €101k▼ -0.6% vs 2020
2023: €122k
2024: €139k▲ +13.3% vs 2023highest value
2025: €117k▼ -15.6% vs 2024
2018 → 2025
Total assets
€137k▼ 31.6%
2024 · €200k
2018: €116klowest value
2019: €153k▲ +31.2% vs 2018
2020: €147k▼ -3.7% vs 2019
2021: €139k▼ -5.9% vs 2020
2023: €162k
2024: €200k▲ +23.1% vs 2023highest value
2025: €137k▼ -31.6% vs 2024
2018 → 2025
Net result
€3k▼ 80.1%
2024 · €16k
2018: €21k
2019: €10k▼ -53.9% vs 2018
2020: €-4k▼ -141% vs 2019lowest value
2021: €19k▲ +594% vs 2020
2023: €35khighest value
2024: €16k▼ -53.5% vs 2023
2025: €3k▼ -80.1% vs 2024
2018 → 2025
Working capital
€93k▼ 21.4%
2024 · €118k
2018: €95k
2019: €101k▲ +7.1% vs 2018
2020: €96k▼ -5.1% vs 2019
2021: €95k▼ -1.2% vs 2020
2023: €119khighest value
2024: €118k▼ -1.1% vs 2023
2025: €93k▼ -21.4% vs 2024lowest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€101k-€101k▼ 0.6%€122k▲ 21.5%€139k▲ 13.3%€117k▼ 15.6%
2020: €101k
2021: €101k▼ -0.6% vs 2020lowest value
2023: €122k
2024: €139k▲ +13.3% vs 2023highest value
2025: €117k▼ -15.6% vs 2024
Operating result€-3k-€27k€51k▲ 86.6%€23k▼ 54.6%€5k▼ 79.0%
2020: €-3klowest value
2021: €27k▲ +1168% vs 2020
2023: €51khighest value
2024: €23k▼ -54.6% vs 2023
2025: €5k▼ -79.0% vs 2024
Net result€-4k-€19k€35k▲ 79.6%€16k▼ 53.5%€3k▼ 80.1%
2020: €-4klowest value
2021: €19k▲ +594% vs 2020
2023: €35khighest value
2024: €16k▼ -53.5% vs 2023
2025: €3k▼ -80.1% vs 2024
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 79% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€24k ▲ 15.6%
Current assets
€112k ▼ 37.2%
Equity and liabilities €137k
Equity
€117k ▼ 15.6%
Debt
€20k ▼ 67.6%
Debt's share of the balance-sheet total falls from 30.7% to 14.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▼
2024 · €27k
Cash flow
€6k▼
2024 · €20k
Current ratio
5.65▲
2024 · 2.93
Quick ratio
3.71▲
2024 · 2.44
Debt to equity
0.17▼
2024 · 0.44
ROE
2.8%▼
2024 · 11.7%
ROA
2.4%▼
2024 · 8.1%
Interest coverage
49.34▼
2024 · 238.20
Debt ≤ 1 year
€20k▼
2024 · €61k
Income taxes
€2k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€200k€137k▼
Fixed assets21/28€21k€24k▲
Tangible fixed assets22/27€21k€24k▲
Plant, machinery and equipment23€200-
Furniture and vehicles24€0-
Other tangible fixed assets26€21k€24k▲
Current assets29/58€179k€112k▼
Amounts receivable after more than one year29€15k-
Other amounts receivable291€15k-
Stocks and contracts in progress3€30k€39k▲
Stocks30/36€30k€39k▲
Amounts receivable within one year40/41€120k€67k▼
Trade receivables40€115k€66k▼
Other amounts receivable41€5k€2k▼
Cash at bank and in hand54/58€11k€5k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€200k€137k▼
Equity10/15€139k€117k▼
Contributions10/11€19k€19k=
Reserves13€120k€98k▼
Distributable reserves133€120k€98k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€61k€20k▼
Amounts payable within one year42/48€61k€20k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€22k€9k▼
Suppliers440/4€22k€9k▼
Advances received on contracts in progress46€14k-
Taxes, remuneration and social security45€25k€10k▼
Taxes450/3€22k€10k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48€68€142▲
Accrued charges and deferred income492/3€290-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€30k€9k▼
Operating profit (loss)9901€23k€5k▼
Financial income75/76B€1k€265▼
Recurring financial income75€1k€265▼
Financial charges65/66B€112€156▲
Recurring financial charges65€112€156▲
Profit (loss) for the period before taxes9903€24k€5k▼
Income taxes67/77€8k€2k▼
Profit (loss) for the period9904€16k€3k▼
Profit (loss) for the period to be appropriated9905€16k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€3k▼
Transfer from equity791/2€0€25k▲
Transfer to equity691/2€16k€3k▼
To other reserves6921€16k€3k▼
Profit to be distributed694/7€0€25k▲
Return on contributions (dividend)694€0€25k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €5k | €4k | €3k | ▼ 23.7% |
| Other operating charges640/8 | - | €1k | €16k | €3k | €1k | ▼ 55.3% |
| Gross operating margin9900 | €3k | €33k | €72k | €30k | €9k | ▼ 69.6% |
| Operating profit (loss)9901 | €-3k | €27k | €51k | €23k | €5k | ▼ 79.0% |
| Financial income75/76B | - | €457 | €1k | €1k | €265 | ▼ 75.2% |
| Recurring financial income75 | €231 | €457 | €1k | €1k | €265 | ▼ 75.2% |
| Financial charges65/66B | - | €248 | €2k | €112 | €156 | ▲ 38.4% |
| Recurring financial charges65 | €382 | €248 | €2k | €112 | €156 | ▲ 38.4% |
| Profit (loss) for the period before taxes9903 | €-3k | €27k | €49k | €24k | €5k | ▼ 79.4% |
| Income taxes67/77 | €1k | €8k | €15k | €8k | €2k | ▼ 77.8% |
| Profit (loss) for the period9904 | €-4k | €19k | €35k | €16k | €3k | ▼ 80.1% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €19k | €35k | €16k | €3k | ▼ 80.1% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147k | €139k | €162k | €200k | €137k | ▼ 31.6% |
| Fixed assets21/28 | €13k | €8k | €3k | €21k | €24k | ▲ 15.6% |
| Tangible fixed assets22/27 | €13k | €8k | €3k | €21k | €24k | ▲ 15.6% |
| Plant, machinery and equipment23 | - | €670 | €409 | €200 | - | - |
| Furniture and vehicles24 | - | €8k | €3k | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €21k | €24k | ▲ 16.7% |
| Current assets29/58 | €135k | €130k | €159k | €179k | €112k | ▼ 37.2% |
| Amounts receivable after more than one year29 | - | €7k | €15k | €15k | - | - |
| Other amounts receivable291 | - | €7k | €15k | €15k | - | - |
| Stocks and contracts in progress3 | €22k | €17k | €36k | €30k | €39k | ▲ 29.1% |
| Stocks30/36 | - | €17k | €36k | €30k | €39k | ▲ 29.1% |
| Amounts receivable within one year40/41 | €80k | €86k | €100k | €120k | €67k | ▼ 44.0% |
| Trade receivables40 | - | €81k | €88k | €115k | €66k | ▼ 43.0% |
| Other amounts receivable41 | - | €4k | €12k | €5k | €2k | ▼ 65.4% |
| Cash at bank and in hand54/58 | €23k | €20k | €8k | €11k | €5k | ▼ 58.1% |
| Deferred charges and accrued income490/1 | - | €926 | €1k | €2k | €1k | ▼ 39.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147k | €139k | €162k | €200k | €137k | ▼ 31.6% |
| Equity10/15 | €101k | €101k | €122k | €139k | €117k | ▼ 15.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €83k | €82k | €104k | €120k | €98k | ▼ 18.0% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €80k | €104k | €120k | €98k | ▼ 18.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €46k | €38k | €40k | €61k | €20k | ▼ 67.6% |
| Amounts payable after more than one year17 | €7k | €3k | €0 | - | - | - |
| Financial debts170/4 | - | €3k | €0 | - | - | - |
| Amounts payable within one year42/48 | €38k | €35k | €40k | €61k | €20k | ▼ 67.5% |
| Current portion of amounts payable after more than one year42 | - | €5k | €2k | €0 | - | - |
| Trade debts44 | €30k | €21k | €14k | €22k | €9k | ▼ 58.0% |
| Suppliers440/4 | - | €21k | €14k | €22k | €9k | ▼ 58.0% |
| Advances received on contracts in progress46 | - | - | - | €14k | - | - |
| Taxes, remuneration and social security45 | - | €9k | €23k | €25k | €10k | ▼ 59.0% |
| Taxes450/3 | - | €9k | €23k | €22k | €10k | ▼ 53.8% |
| Remuneration and social security454/9 | - | - | - | €3k | - | - |
| Other amounts payable47/48 | - | €120 | €1k | €68 | €142 | ▲ 108% |
| Accrued charges and deferred income492/3 | - | - | - | €290 | - | - |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €19k | €35k | €16k | €3k | ▼ 80.1% |
| + Depreciation and write-downs630 | €4k | €4k | €5k | €4k | €3k | ▼ 23.7% |
| Operating cash flow (approximation) | €489 | €24k | €40k | €20k | €6k | ▼ 69.6% |
| Investment in fixed assets (approximation) | - | €0 | - | €-22k | €-6k | ▲ 71.6% |
| Change in cash | - | €-4k | - | €4k | €-7k | ▼ 281% |
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
2025
02-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
31-03
Financial
Highest result since 2018net €35k ▲79.6%
Operating result €51k, net result €35k, both a record.
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €105k ▲10%
2 profitable years in a row build equity to €105k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
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, Kortrijk · 1 establishment unit since 2001
Ground area
820 m²
Building footprint
181 m²
Parcel 34026A0610/00T000, Flanders. Linked by address, not a title deed.
1 establishment unit
M.DUTOIT
since 20012.100.037.429
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0610/00T000 | Flanders | 820 m² | 1 · 181 m² | - |
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.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,758 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
Founded05-01-2001
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
46643Wholesale of electrical equipment, including installation materials
47540Retail sale of electrical household appliances
Scores and ratios are computed by Checked and are not a credit decision.