VICTOR DUBART
ActiveVICTOR DUBART has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 63% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency84▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 1.56 in 2024; short-term debt: 40.5% and cash: 13.1% of total assets), and 41% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 43
higher
← 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
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
59%
Return on assets
27.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €22k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
31 d late
2022
18 d late
2021
31 d late
2020
27 d late
2019
66 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▲ 87.5%
2024 · €12k
2018: €8k
2019: €32k
2020: €7k
2021: €-1k
2022: €-24k
2023: €3k
2024: €12k
2018 → 2025
Total assets
€37k▲ 47.0%
2024 · €25k
2018: €53k
2019: €71k
2020: €20k
2021: €4k
2022: €38k
2023: €28k
2024: €25k
2018 → 2025
Net result
€10k▲ 20.3%
2024 · €8k
2018: €-25k
2019: €24k
2020: €-25k
2021: €-8k
2022: €-4k
2023: €27k
2024: €8k
2018 → 2025
Working capital
€18k▲ 142%
2024 · €7k
2018: €5k
2019: €31k
2020: €6k
2021: €-1k
2022: €-26k
2023: €-3k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1k-€-24k▼ 2,091%€3k€12k▲ 266%€22k▲ 87.5%
Operating result€-9k-€-4k▲ 51.6%€27k€10k▼ 62.7%€15k▲ 45.0%
Net result€-8k-€-4k▲ 53.1%€27k€8k▼ 69.2%€10k▲ 20.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 45% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37k
Fixed assets
€4k▼ 6.9%
Current assets
€33k▲ 58.6%
Equity and liabilities €37k
Equity
€22k▲ 87.5%
Debt
€15k▲ 12.2%
The debt ratio falls from 53.7% to 41.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2024 · €12k
Cash flow
€11k▲
2024 · €10k
Solvency
59.0%▲
2024 · 46.3%
Current ratio
2.19▲
2024 · 1.56
Quick ratio
2.19▲
2024 · 1.56
Debt / equity
0.69▼
2024 · 1.16
ROE
46.7%▼
2024 · 72.7%
ROA
27.5%▼
2024 · 33.6%
Interest coverage
64.19▲
2024 · 40.49
Debt
€15k▲
2024 · €13k
Debt ≤ 1 year
€15k▲
2024 · €13k
Income taxes
€5k▲
2024 · €1k
Staff costs
€5k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€25k€37k▲
Fixed assets21/28€4k€4k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€362€975▲
Furniture and vehicles24€1k€1k▼
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€675€675=
Current assets29/58€21k€33k▲
Amounts receivable within one year40/41€7k€28k▲
Trade receivables40€6k€15k▲
Other amounts receivable41€1k€12k▲
Cash at bank and in hand54/58€12k€5k▼
Deferred charges and accrued income490/1€982€186▼
Equity and liabilities
Total equity and liabilities10/49€25k€37k▲
Equity10/15€12k€22k▲
Contributions10/11€6k€6k=
Reserves13€5k€15k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€3k€14k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€13k€15k▲
Amounts payable within one year42/48€13k€15k▲
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€401€768▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€194€177▼
Income statement
Code20242025
Remuneration, social security and pensions62€1k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€351€554▲
Gross operating margin9900€13k€21k▲
Operating profit (loss)9901€10k€15k▲
Financial income75/76B€35€347▲
Recurring financial income75€35€347▲
Financial charges65/66B€286€249▼
Recurring financial charges65€286€249▼
Profit (loss) for the period before taxes9903€10k€15k▲
Income taxes67/77€1k€5k▲
Profit (loss) for the period9904€8k€10k▲
Profit (loss) for the period to be appropriated9905€8k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€10k▲
Profit (loss) brought forward from the previous period14P€-5k€0▲
Transfer to equity691/2€3k€10k▲
To other reserves6921€3k€10k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €27k
Net result €27k after 3 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Rumes · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Bas-Préau(LG) 117611 RumesGround area
1,346 m²
Building footprint
183 m²
Volume, LiDAR
1,231 m³
2 parcels, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20112.208.775.518
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57033A0340/00R002 | Wallonia | 1,285 m² | 1 · 114 m² | 9.3 m · 2 fl. |
| 57043B1193/00M002 | Wallonia | 61 m² | 1 · 69 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
VANHEUKELOM SIMON
BE 0683.962.044
Lummen · Eq €22k
GO INFRA
BE 1026.716.789
Heusden-Zolder · Eq €22k
ALEXA CONSTRUCT
BE 0777.514.485
Schaarbeek · Eq €22k
NJTN
BE 0800.025.712
Mettet · Eq €22k
EFAX
BE 0726.934.727
Gent · Eq €21k
Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,003 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-12-2011
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43990Other specialised construction activities
43995Specialised construction activities
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43320Joinery installation
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.