Duoconstruct
ActiveSummary
Duoconstruct has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224k and a net result of €-125k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 62% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-74
Solvency78▼-22
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.92 in 2024; short-term debt: 24.3% and cash: 1.8% of total assets), and 46.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 d early
2023
15 d early
2022
13 d early
2021
34 d early
2020
3 d early
2019
61 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-125k
2024 · €20k
2018: €-83k
2019: €-201k▼ -143% vs 2018lowest in 8 years
2020: €-41k▲ +79.8% vs 2019
2021: €392k▲ +1065% vs 2020highest in 8 years
2022: €115k▼ -70.7% vs 2021
2023: €100k▼ -12.9% vs 2022
2024: €20k▼ -79.7% vs 2023
2025: €-125k▼ -715% vs 2024
2018 → 2025
Working capital
€74k▼ 25.4%
2024 · €99k
2018: €450k
2019: €256k▼ -43.2% vs 2018
2020: €223k▼ -12.9% vs 2019
2021: €424k▲ +90.3% vs 2020
2022: €469k▲ +10.6% vs 2021
2023: €584k▲ +24.6% vs 2022highest in 8 years
2024: €99k▼ -83.0% vs 2023
2025: €74k▼ -25.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€645k-€760k▲ 17.8%€860k▲ 13.2%€348k▼ 59.5%€224k▼ 35.8%
2021: €645k
2022: €760k▲ +17.8% vs 2021
2023: €860k▲ +13.2% vs 2022highest in 5 years
2024: €348k▼ -59.5% vs 2023
2025: €224k▼ -35.8% vs 2024lowest in 5 years
Operating result€425k-€165k▼ 61.1%€132k▼ 20.1%€25k▼ 81.4%€-123k
2021: €425khighest in 5 years
2022: €165k▼ -61.1% vs 2021
2023: €132k▼ -20.1% vs 2022
2024: €25k▼ -81.4% vs 2023
2025: €-123k▼ -602% vs 2024lowest in 5 years
Net result€392k-€115k▼ 70.7%€100k▼ 12.9%€20k▼ 79.7%€-125k
2021: €392khighest in 5 years
2022: €115k▼ -70.7% vs 2021
2023: €100k▼ -12.9% vs 2022
2024: €20k▼ -79.7% vs 2023
2025: €-125k▼ -715% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €123k after €25k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €420k
Fixed assets
€244k ▼ 2.9%
Current assets
€176k ▼ 15.2%
Equity and liabilities €420k
Equity
€224k ▼ 35.8%
Debt
€196k ▲ 77.9%
Debt's share of the balance-sheet total rises from 24.0% to 46.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-116k▼
2024 · €39k
Cash flow
€-117k▼
2024 · €35k
Current ratio
1.73▼
2024 · 1.92
Quick ratio
1.12▼
2024 · 1.24
Debt to equity
0.88▲
2024 · 0.32
ROE
-55.8%▼
2024 · 5.8%
ROA
-29.7%▼
2024 · 4.4%
Interest coverage
-30.58▼
2024 · 9.33
Debt ≤ 1 year
€102k▼
2024 · €108k
Income taxes
€0▼
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€458k€420k▼
Fixed assets21/28€251k€244k▼
Tangible fixed assets22/27€51k€44k▼
Land and buildings22€51k€44k▼
Financial fixed assets28€200k€200k=
Current assets29/58€207k€176k▼
Stocks and contracts in progress3€74k€62k▼
Stocks30/36€74k€62k▼
Amounts receivable within one year40/41€10k€98k▲
Trade receivables40€10k€9k▼
Other amounts receivable41€0€89k▲
Cash at bank and in hand54/58€113k€8k▼
Deferred charges and accrued income490/1€11k€9k▼
Equity and liabilities
Total equity and liabilities10/49€458k€420k▼
Equity10/15€348k€224k▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€279k€154k▼
Amounts payable17/49€110k€196k▲
Amounts payable within one year42/48€108k€102k▼
Financial debts43-€79k
Credit institutions430/8-€79k
Trade debts44€44k€15k▼
Suppliers440/4€44k€15k▼
Taxes, remuneration and social security45€64k€8k▼
Taxes450/3€64k€8k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€2k€94k▲
Income statement
Code20242025
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€7k▼
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A€5k€91k▲
Gross operating margin9900€47k€-21k▼
Operating profit (loss)9901€25k€-123k▼
Financial income75/76B€8k€2k▼
Recurring financial income75€8k€2k▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€28k€-125k▼
Income taxes67/77€8k€0▼
Profit (loss) for the period9904€20k€-125k▼
Profit (loss) for the period to be appropriated9905€20k€-125k▼
Appropriation of the result
Profit (loss) to be appropriated9906€811k€154k▼
Profit (loss) brought forward from the previous period14P€791k€279k▼
Profit to be distributed694/7€532k€0▼
Return on contributions (dividend)694€532k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | €0 | - | €8k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €16k | €16k | €15k | €7k | ▼ 51.0% |
| Other operating charges640/8 | €1k | €8k | €1k | €3k | €4k | ▲ 30.2% |
| Non-recurring operating charges66A | - | €4k | €0 | €5k | €91k | ▲ 1,733% |
| Gross operating margin9900 | €434k | €194k | €150k | €47k | €-21k | ▼ 145% |
| Operating profit (loss)9901 | €425k | €165k | €132k | €25k | €-123k | ▼ 602% |
| Financial income75/76B | €3k | €6k | €9k | €8k | €2k | ▼ 68.2% |
| Recurring financial income75 | €3k | €6k | €9k | €8k | €2k | ▼ 68.2% |
| Financial charges65/66B | €11k | €12k | €5k | €4k | €4k | ▼ 10.2% |
| Recurring financial charges65 | €11k | €12k | €5k | €4k | €4k | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | €417k | €159k | €136k | €28k | €-125k | ▼ 546% |
| Income taxes67/77 | €25k | €44k | €36k | €8k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €392k | €115k | €100k | €20k | €-125k | ▼ 715% |
| Profit (loss) for the period to be appropriated9905 | €392k | €115k | €100k | €20k | €-125k | ▼ 715% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.71M | €1.16M | €1.05M | €458k | €420k | ▼ 8.5% |
| Fixed assets21/28 | €223k | €294k | €277k | €251k | €244k | ▼ 2.9% |
| Tangible fixed assets22/27 | €23k | €94k | €77k | €51k | €44k | ▼ 14.3% |
| Land and buildings22 | €23k | €94k | €77k | €51k | €44k | ▼ 14.3% |
| Financial fixed assets28 | €200k | €200k | €200k | €200k | €200k | = |
| Current assets29/58 | €1.49M | €867k | €777k | €207k | €176k | ▼ 15.2% |
| Stocks and contracts in progress3 | €1.30M | €383k | €243k | €74k | €62k | ▼ 16.7% |
| Stocks30/36 | €1.30M | €383k | €243k | €74k | €62k | ▼ 16.7% |
| Amounts receivable within one year40/41 | €157k | €413k | €512k | €10k | €98k | ▲ 905% |
| Trade receivables40 | €157k | €151k | €91k | €10k | €9k | ▼ 3.7% |
| Other amounts receivable41 | - | €262k | €421k | €0 | €89k | - |
| Cash at bank and in hand54/58 | €16k | €45k | €7k | €113k | €8k | ▼ 93.2% |
| Deferred charges and accrued income490/1 | €21k | €25k | €14k | €11k | €9k | ▼ 18.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.71M | €1.16M | €1.05M | €458k | €420k | ▼ 8.5% |
| Equity10/15 | €645k | €760k | €860k | €348k | €224k | ▼ 35.8% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Capital10 | €63k | €63k | €63k | €63k | €63k | = |
| Issued capital100 | €63k | €63k | €63k | €63k | €63k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €576k | €691k | €791k | €279k | €154k | ▼ 44.7% |
| Amounts payable17/49 | €1.07M | €400k | €194k | €110k | €196k | ▲ 77.9% |
| Amounts payable within one year42/48 | €1.07M | €398k | €193k | €108k | €102k | ▼ 5.8% |
| Financial debts43 | - | - | - | - | €79k | - |
| Credit institutions430/8 | - | - | - | - | €79k | - |
| Trade debts44 | €151k | €221k | €29k | €44k | €15k | ▼ 66.0% |
| Suppliers440/4 | €151k | €221k | €29k | €44k | €15k | ▼ 66.0% |
| Taxes, remuneration and social security45 | €51k | €165k | €81k | €64k | €8k | ▼ 88.0% |
| Taxes450/3 | - | €165k | €81k | €64k | €8k | ▼ 88.0% |
| Remuneration and social security454/9 | €51k | - | - | - | - | - |
| Other amounts payable47/48 | €863k | €11k | €83k | €0 | - | - |
| Accrued charges and deferred income492/3 | €1k | €2k | €1k | €2k | €94k | ▲ 4,359% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €392k | €115k | €100k | €20k | €-125k | ▼ 715% |
| + Depreciation and write-downs630 | €8k | €16k | €16k | €15k | €7k | ▼ 51.0% |
| Operating cash flow (approximation) | €400k | €131k | €116k | €35k | €-117k | ▼ 434% |
| Investment in fixed assets (approximation) | - | €-87k | €0 | €11k | €0 | ▼ 100% |
| Change in cash | - | €29k | €-38k | €106k | €-106k | ▼ 200% |
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
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €392k
Net result €392k after 3 loss-making years.
31-12
Financial
Equity above €500kEq €645k ▲155%
Equity rises from €253k to €645k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €-201k
Net result drops to €-201k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Genk · 1 establishment unit since 2011
Ground area
1.6 ha
Building footprint
3,666 m²
Volume, LiDAR
19,008 m³
Parcel 71302A0002/00H035, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Duoconstruct
since 20112.197.806.303
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0002/00H035 | Flanders | 1.6 ha | 1 · 3,666 m² | 6.8 m · 2 fl. |
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 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,863 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.