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DUN HUANG

Active
Private limited companyfounded 201115 yrs activeKortrijksesteenweg 166, 9000 Gent, BelgiumKBO/BCE: BE 0839.190.946
Summary

DUN HUANG has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €955k and a net result of €155k. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
88 / 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 5.91 against 9.98 in 2024; short-term debt: 14.6% and cash: 73.6% of total assets), and 21.4% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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 2025
Solvency, return and age of the figures
Solvency
78.6%
Return on assets
12.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 d early
2024
20 d early
2023
23 d early
2022
27 d early
2021
24 d late
2020
24 d early
2019
24 d early
← before the deadline after the deadline →
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 months
Position in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity
€955k▲ 15.4%
2024 · €828k
2018: €99k 2019: €127k 2020: €250k 2021: €410k 2022: €563k 2023: €662k 2024: €828k
2018 → 2025
Total assets
€1.22M▲ 16.6%
2024 · €1.04M
2018: €462k 2019: €505k 2020: €606k 2021: €758k 2022: €903k 2023: €901k 2024: €1.04M
2018 → 2025
Net result
€155k▼ 15.6%
2024 · €184k
2018: €19k 2019: €27k 2020: €123k 2021: €159k 2022: €153k 2023: €172k 2024: €184k
2018 → 2025
Working capital
€869k▲ 13.3%
2024 · €767k
2018: €97k 2019: €104k 2020: €219k 2021: €368k 2022: €514k 2023: €596k 2024: €767k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€410k-€563k▲ 37.4%€662k▲ 17.6%€828k▲ 25.1%€955k▲ 15.4%
Operating result€239k-€236k▼ 1.5%€263k▲ 11.8%€275k▲ 4.5%€232k▼ 15.8%
Net result€159k-€153k▼ 3.9%€172k▲ 12.4%€184k▲ 6.6%€155k▼ 15.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100k€200k€300kOperating result 2021: €239k€239kNet result 2021: €159k€159kOperating result 2022: €236k€236kNet result 2022: €153k€153kOperating result 2023: €263k€263kNet result 2023: €172k€172kOperating result 2024: €275k€275kNet result 2024: €184k€184kOperating result 2025: €232k€232kNet result 2025: €155k€155k20212022202320242025€0€100k€200k€300kOperating result 2023: €263k€263kNet result 2023: €172k€172kOperating result 2024: €275k€275kNet result 2024: €184k€184kOperating result 2025: €232k€232kNet result 2025: €155k€155k202320242025
The operating result falls in 2025; 2025 is 16% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.22M
Fixed assets €170k ▼ 10.9%
Current assets €1.05M ▲ 22.7%
Equity and liabilities €1.22M
Equity €955k ▲ 15.4%
Debt €261k ▲ 21.1%
Debt's share of the balance-sheet total rises from 20.6% to 21.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€262k
2024 · €305k
Cash flow
€185k
2024 · €214k
Current ratio
5.91
2024 · 9.98
Quick ratio
5.45
2024 · 9.02
Debt to equity
0.27
2024 · 0.26
ROE
16.2%
2024 · 22.2%
ROA
12.8%
2024 · 17.6%
Interest coverage
20.59
2024 · 24.66
Debt ≤ 1 year
€177k
2024 · €85k
Debt > 1 year
€84k
2024 · €119k
Income taxes
€68k
2024 · €82k
Staff costs
€49k
2024 · €46k
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 · 56 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.04M€1.22M
Fixed assets21/28€190k€170k
Tangible fixed assets22/27€190k€169k
Land and buildings22€161k€138k
Plant, machinery and equipment23€6k€11k
Furniture and vehicles24€1k€688
Other tangible fixed assets26€23k€20k
Financial fixed assets28€275€275=
Current assets29/58€852k€1.05M
Stocks and contracts in progress3€82k€81k
Stocks30/36€82k€81k
Amounts receivable within one year40/41€6k€63k
Trade receivables40€4k€63k
Other amounts receivable41€2k€0
Cash at bank and in hand54/58€761k€895k
Deferred charges and accrued income490/1€3k€6k
Equity and liabilities
Total equity and liabilities10/49€1.04M€1.22M
Equity10/15€828k€955k
Contributions10/11€6k€6k=
Reserves13€821k€949k
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€819k€947k
Profit (loss) carried forward14€0€0=
Amounts payable17/49€215k€261k
Amounts payable after more than one year17€119k€84k
Financial debts170/4€119k€84k
Amounts payable within one year42/48€85k€177k
Current portion of amounts payable after more than one year42€35k€36k
Trade debts44€5k€87k
Suppliers440/4€5k€87k
Taxes, remuneration and social security45€45k€54k
Taxes450/3€41k€49k
Remuneration and social security454/9€4k€5k
Other amounts payable47/48€150€403
Accrued charges and deferred income492/3€10k€41
Income statement Code20242025
Remuneration, social security and pensions62€46k€49k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€30k
Other operating charges640/8€4k€4k
Gross operating margin9900€355k€316k
Operating profit (loss)9901€275k€232k
Financial income75/76B€3k€4k
Recurring financial income75€3k€4k
Financial charges65/66B€12k€13k
Recurring financial charges65€12k€13k
Profit (loss) for the period before taxes9903€266k€223k
Income taxes67/77€82k€68k
Profit (loss) for the period9904€184k€155k
Profit (loss) for the period to be appropriated9905€184k€155k
Appropriation of the result
Profit (loss) to be appropriated9906€184k€155k
Transfer from equity791/2€18k€27k
Transfer to equity691/2€184k€155k
To other reserves6921€184k€155k
Profit to be distributed694/7€18k€27k
Return on contributions (dividend)694€18k€27k
Social balance
Average headcount (FTE)90871.21.4

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
07-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Highest result since 2018net €184k ▲6.6%
Operating result €275k, net result €184k, both a record.
08-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Equity above €500kEq €563k ▲37.4%
5 profitable years in a row build equity to €563k.
24-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
07-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Equity above €200kEq €250k ▲97%
3 profitable years in a row build equity to €250k.
07-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Equity above €100kEq €127k ▲27.6%
2 profitable years in a row build equity to €127k.
25-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
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
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, Gent · 1 establishment unit since 2011
establishment The establishment unit on the map
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.

Kortrijksesteenweg 1669000 Gent
Ground area
287 m²
Building footprint
189 m²
Volume, LiDAR
2,498 m³
Parcel 44809I0745/00D000, Flanders · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Kortrijksesteenweg 166, 9000 Gent
Wholesale trade
since 20112.202.299.084
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44809I0745/00D000 Flanders 287 m² 1 · 189 m² 19.6 m · 5 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Gent2.202.299.084
1 permission
Toelating · Detailhandel · since 03-10-2011

Similar companies · same sector, comparable size

Of 3,827 companies in sector 47210 we hold annual accounts for 966. 375 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded31-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47210Retail sale of fruit and vegetables
46391Wholesale trade
47221Retail sale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.