ACTIVE

DUO

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Financial year 2025 · closed on 31/12/2025
Net result
48,4 k €
+190.4% YoY
Gross margin
2,2 M €
+125.9% YoY
Equity
493 k €
+10.9% YoY
Workforce
29,1 ETP
+2.1% YoY

What does DUO do?

DUO is a Public limited company incorporated in 1996. Its registered office is in Brugge. It employs on average 29,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0459.418.625
Incorporation
18/12/1996
Legal form
Public limited company
Registered office
Bargeweg 2
8000 Brugge · FlandreSee on map
Contributed capital
75 000,00 €
Latest accounts
31/12/2025
Average workforce
29,1 ETP
Joint committees (3)
  • 218
  • 227
  • 22700
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242024202320222007
Income statement
Gross margin2,2 M €962,8 k €2,5 M €2,8 M €1,8 M €1,3 M €
EBITDA205,3 k €-22,8 k €403,1 k €585,6 k €62,5 k €659,4 k €
Operating result85,6 k €-83,5 k €296,3 k €497,8 k €71,7 k €621,5 k €
Net result48,4 k €-53,6 k €210,4 k €240,7 k €114 k €577,6 k €
Balance sheet
Equity493 k €444,7 k €498,2 k €487,8 k €447,1 k €533,9 k €
Total assets1,5 M €1,7 M €2 M €2,3 M €2 M €1,2 M €
Cash150,7 k €85 k €328,3 k €687,4 k €73,2 k €104 k €
Debts861,9 k €1,1 M €1,3 M €1,7 M €1,5 M €646,4 k €
Other
Workforce29,1 ETP28,5 ETP31,4 ETP31,2 ETP28,9 ETP11,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 36 ended

Active mandates

Balata

Director · since 19 décembre 2024 · until 18 décembre 2030 · 0691.893.377

Represented by Anton Luyten

Active
The Craftsmen

Managing director · since 19 décembre 2024 · until 18 décembre 2030 · 0630.810.004

Represented by Mathieu Cardinael

Active

Ended mandates

The Craftsmen

Director · since 19 décembre 2024 · until 18 décembre 2030 · 0630.810.004

Represented by Mathieu CARDINAEL

Ended
Make It Fly

Director · since 15 juin 2023 · until 14 juin 2029 · 0765.781.049

Represented by Wim Vernaeve

Ended
Make It Fly

Director · since 15 juin 2023 · 0765.781.049

Represented by Vernaeve WIM

Ended
The Craftsmen

Managing director · since 15 juin 2023 · until 14 juin 2029 · 0630.810.004

Represented by Mathieu CARDINAEL

Ended
At this address

Other companies at this address

CompanyCBE no.
Make It Fly● Active
0765.781.049
Annual accounts

Full financial information

202520242024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/07/202401/07/202301/07/202201/07/202101/07/2020
Closing of the financial year31/12/202531/12/202430/06/202430/06/202330/06/202230/06/2021
Length of the financial year12 months6 months12 months12 months12 months12 months
Filing date14/04/202615/05/202517/12/202414/12/202309/01/202325/10/2021
General meeting03/04/202625/04/202514/12/202409/12/202309/12/202227/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/04/202614/04/2026DutchPDF
Abridged model31/12/202425/04/202515/05/2025DutchPDF
Abridged model30/06/202414/12/202417/12/2024DutchPDF
Abridged model30/06/202309/12/202314/12/2023DutchPDF
Abridged model30/06/202209/12/202209/01/2023DutchPDF
Abridged model30/06/202127/09/202125/10/2021DutchPDF
Abridged model30/06/202002/10/202029/10/2020DutchPDF
Abridged model30/06/201919/11/201911/12/2019DutchPDF
Abridged model30/06/201819/11/201817/12/2018DutchPDF
Abridged model30/06/201720/10/201716/11/2017DutchPDF
Abridged model30/06/201625/11/201608/12/2016DutchPDF
Abridged model30/06/201525/11/201523/12/2015DutchPDF
Abridged model30/06/201420/11/201419/12/2014DutchPDF
Abridged model30/06/201320/12/201315/01/2014DutchPDF
Abridged model30/06/201229/11/201227/12/2012DutchPDF
Abridged model30/06/201120/12/201118/01/2012DutchPDF
Abridged model30/06/201016/12/201014/01/2011DutchPDF
Abridged model30/06/200902/10/200922/10/2009DutchPDF
Abridged model30/06/200817/10/200813/11/2008DutchPDF
Abridged model30/06/200728/11/200719/12/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 36 ended

Active mandates

Balata

Director · since 19 décembre 2024 · until 18 décembre 2030 · 0691.893.377

Represented by Anton Luyten

Active
The Craftsmen

Managing director · since 19 décembre 2024 · until 18 décembre 2030 · 0630.810.004

Represented by Mathieu Cardinael

Active

Ended mandates

The Craftsmen

Director · since 19 décembre 2024 · until 18 décembre 2030 · 0630.810.004

Represented by Mathieu CARDINAEL

Ended
Make It Fly

Director · since 15 juin 2023 · until 14 juin 2029 · 0765.781.049

Represented by Wim Vernaeve

Ended
Make It Fly

Director · since 15 juin 2023 · 0765.781.049

Represented by Vernaeve WIM

Ended
The Craftsmen

Managing director · since 15 juin 2023 · until 14 juin 2029 · 0630.810.004

Represented by Mathieu CARDINAEL

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring09/07/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring09/07/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates21/01/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Restructuring26/07/2023
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring09/05/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates17/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/10/2018
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202548,4 k €↑
  2. 2024
    Annual accounts 2024-53,6 k €↓
  3. 2024
    Annual accounts 2024210,4 k €↓
  4. 2023
    Annual accounts 2023240,7 k €↑
  5. 2022
    Annual accounts 2022114 k €↓
  6. 2007
    Annual accounts 2007577,6 k €
  7. 18/12/1996
    IncorporationPublic limited company