DUEL CONCEPT
ActiveDUEL CONCEPT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €72k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 2172 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+10
Solvency38▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.07 in 2024; short-term debt: 86.9% and cash: 61.8% of total assets), and 87.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
12.6%
Return on assets
8.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2172 sector peers (2025).
NBB · sector comparisonPosition among 2172 sector peers
Solvency
better than 21%
← weakest
strongest →
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
59 d early
2023
61 d early
2022
64 d early
2021
60 d early
2020
58 d early
2019
62 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€111k▲ 70.1%
2024 · €65k
2018: €32k
2019: €36k
2020: €37k
2021: €37k
2022: €64k
2023: €65k
2024: €65k
2018 → 2025
Total assets
€876k▲ 19.2%
2024 · €735k
2018: €566k
2019: €436k
2020: €422k
2021: €643k
2022: €668k
2023: €692k
2024: €735k
2018 → 2025
Net result
€72k▲ 22,262%
2024 · €321
2018: €3k
2019: €5k
2020: €176
2021: €698
2022: €27k
2023: €188
2024: €321
2018 → 2025
Working capital
€96k▲ 100%
2024 · €48k
2018: €199k
2019: €21k
2020: €57k
2021: €178k
2022: €67k
2023: €44k
2024: €48k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€64k▲ 73.2%€65k▲ 0.3%€65k▲ 0.5%€111k▲ 70.1%
Operating result€4k-€43k▲ 1,037%€-314€-206▲ 34.4%€101k
Net result€698-€27k▲ 3,802%€188▼ 99.3%€321▲ 70.7%€72k▲ 22,262%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €101k after a loss of €206 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €875k
Fixed assets
€19k▼ 24.8%
Current assets
€857k▲ 20.8%
Equity and liabilities €876k
Equity
€111k▲ 70.1%
Debt
€765k▲ 14.2%
The debt ratio falls from 91.2% to 87.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€110k▲
2024 · €8k
Cash flow
€80k▲
2024 · €8k
Solvency
12.6%▲
2024 · 8.8%
Current ratio
1.13▲
2024 · 1.07
Quick ratio
1.13▲
2024 · 1.07
Debt / equity
6.93▼
2024 · 10.31
ROE
65.0%▲
2024 · 0.5%
ROA
8.2%▲
2024 · 0.0%
Interest coverage
198.96▲
2024 · 10.61
Debt
€765k▲
2024 · €670k
Debt ≤ 1 year
€761k▲
2024 · €662k
Debt > 1 year
€4k▼
2024 · €8k
Income taxes
€34k▲
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€735k€876k▲
Formation expenses20€729€486▼
Fixed assets21/28€25k€19k▼
Tangible fixed assets22/27€25k€19k▼
Plant, machinery and equipment23€5k€5k▲
Furniture and vehicles24€20k€14k▼
Current assets29/58€709k€857k▲
Amounts receivable within one year40/41€690k€315k▼
Trade receivables40€690k€315k▼
Cash at bank and in hand54/58€18k€541k▲
Deferred charges and accrued income490/1€993€1k▲
Equity and liabilities
Total equity and liabilities10/49€735k€876k▲
Equity10/15€65k€111k▲
Contributions10/11€19k€19k=
Reserves13€28k€74k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€26k€72k▲
Profit (loss) carried forward14€18k€18k=
Amounts payable17/49€670k€765k▲
Amounts payable after more than one year17€8k€4k▼
Financial debts170/4€8k€4k▼
Amounts payable within one year42/48€662k€761k▲
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€452-
Suppliers440/4€452-
Taxes, remuneration and social security45€4k€16k▲
Taxes450/3€4k€16k▲
Other amounts payable47/48€653k€741k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€9k▲
Other operating charges640/8€1k€863▼
Gross operating margin9900€9k€111k▲
Operating profit (loss)9901€-206€101k▲
Financial income75/76B€2k€5k▲
Recurring financial income75€2k€5k▲
Financial charges65/66B€720€553▼
Recurring financial charges65€720€553▼
Profit (loss) for the period before taxes9903€1k€106k▲
Income taxes67/77€1k€34k▲
Profit (loss) for the period9904€321€72k▲
Profit (loss) for the period to be appropriated9905€321€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€90k▲
Profit (loss) brought forward from the previous period14P€18k€18k▲
Transfer from equity791/2-€26k
Transfer to equity691/2-€72k
To other reserves6921-€72k
Profit to be distributed694/7-€26k
Directors or managers695-€26k
The notes to these accounts (7 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €72k ▲22262%
Operating result €101k, net result €72k, both a record.
31-12
Financial
Equity above €100kEq €111k ▲70.1%
8 profitable years in a row build equity to €111k.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €176 ▼96.2%
Net result drops to €176, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
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.
Directors · office · real estate
Directors
3 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, Herzele · 1 establishment unit since 2015
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.
Provincieweg 5189550 HerzeleGround area
660 m²
Building footprint
135 m²
Volume, LiDAR
638 m³
Parcel 41028A0042/00E002, Flanders · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Duel Concept BVBA
since 20152.246.075.481
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41028A0042/00E002 | Flanders | 660 m² | 1 · 135 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
VAN DEN ABEELE ANDY & C°
BE 0834.266.613
Kruisem · Eq €110k
INDUSTRIAL COATING Lg
BE 0823.551.477
Liège · Eq €110k
GAUQUIE
BE 0859.617.265
Heuvelland · Eq €111k
DREAM'S construct
BE 0655.899.548
Bernissart · Eq €111k
RENOVAPRO
BE 0885.128.364
Brussel · Eq €110k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,041. 13,058 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2015
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
43120Site preparation
46190Agents in non-specialised wholesale trade
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 11 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.