ACTIVE

DUO

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Financial year 2025 · closed on 31/12/2025

Net result

6,5 k €

-89.8% YoY

Gross margin

-8,4 k €

-108.3% YoY

Equity

430,8 k €

+1.5% YoY

What does DUO do?

DUO is a Public limited company incorporated in 1999. Its main activity is: Activities of holding companies. Its registered office is in Heusden-Zolder.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.421.926

Incorporation

02/07/1999

Legal form

Public limited company

Registered office

Pater Beckersstraat 28 box 1
3550 Heusden-Zolder · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-8,4 k €	-108%	100,7 k €	+39.9%	72 k €	-2.5%	73,9 k €	+0.2%	73,7 k €	+34.8%	54,7 k €	+951%	-6,4 k €	-247%	4,4 k €	-71.4%	15,2 k €	-2.2%	15,6 k €	+157%	-27,4 k €	-142%	65,4 k €	-30.1%	93,6 k €	-15.5%	110,8 k €	-15.5%	131,1 k €	+17.4%	111,6 k €
EBITDA	-9 k €	-109%	100 k €	+40.9%	71 k €	-3.0%	73,2 k €	+0.2%	73,1 k €	+39.0%	52,6 k €	+580%	-10,9 k €	-646%	2 k €	-84.0%	12,5 k €	+0.4%	12,5 k €	+141%	-30,8 k €	-150%	62,1 k €	-26.9%	84,9 k €	-22.0%	108,8 k €	-13.2%	125,3 k €	+14.2%	109,7 k €
Operating result	-9 k €	-109%	100 k €	+51.5%	66 k €	-3.3%	68,2 k €	+0.2%	68,1 k €	+79.1%	38 k €	+246%	-26 k €	-98.0%	-13,1 k €	-434%	-2,5 k €	+65.4%	-7,1 k €	+85.7%	-49,9 k €	-208%	46,2 k €	-33.8%	69,8 k €	-25.5%	93,8 k €	-15.3%	110,7 k €	+13.5%	97,6 k €
Net result	6,5 k €	-89.8%	63,4 k €	+44.7%	43,8 k €	-1.4%	44,5 k €	-12.0%	50,5 k €	+129%	-175,3 k €	-2201%	8,3 k €	-83.8%	51,4 k €	-28.2%	71,5 k €	+7.4%	66,6 k €	+237%	-48,8 k €	-115%	317,8 k €	-49.7%	632,1 k €	-24.7%	839,6 k €	+1421%	55,2 k €	-0.4%	55,4 k €
Balance sheet
Equity	430,8 k €	+1.5%	424,3 k €	+17.6%	360,9 k €	-17.4%	437,1 k €	+4.7%	417,7 k €	-81.5%	2,3 M €	-7.2%	2,4 M €	+0.3%	2,4 M €	+697%	304,2 k €	-88.0%	2,5 M €	+2.7%	2,5 M €	-1.9%	2,5 M €	+14.5%	2,2 M €	+40.4%	1,6 M €	+116%	725,3 k €	+8.2%	670,1 k €
Total assets	442,2 k €	-4.7%	463,9 k €	-5.9%	492,8 k €	-0.7%	496,5 k €	-3.5%	514,6 k €	-80.2%	2,6 M €	-8.8%	2,9 M €	+0.8%	2,8 M €	+17.1%	2,4 M €	-6.2%	2,6 M €	+0.5%	2,6 M €	-2.3%	2,6 M €	+14.5%	2,3 M €	+15.5%	2 M €	+71.4%	1,2 M €	+4.4%	1,1 M €
Cash	315 k €	+88.2%	167,3 k €	+12.5%	148,7 k €	-23.7%	194,9 k €	-5.8%	206,8 k €	-82.1%	1,2 M €	+22.0%	948 k €	+45.2%	653,1 k €	-44.7%	1,2 M €		–		270,4 k €	-31.9%	396,8 k €		–		64,6 k €	-57.6%	152,2 k €	+57.1%	96,9 k €
Debts	11,4 k €	-71.3%	39,6 k €	-70.0%	131,9 k €	+122%	59,4 k €	-38.7%	96,9 k €	-71.5%	340,3 k €	-18.6%	417,9 k €	+3.1%	405,4 k €	-80.9%	2,1 M €	+4234%	48,9 k €	-52.1%	101,9 k €	-10.3%	113,6 k €	+15.8%	98,1 k €	-76.8%	422,3 k €	-2.7%	434 k €	-1.5%	440,8 k €

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 · 4 active · 23 ended

Active mandates

Dieter Lenaerts

Director · since 30 décembre 2023

Active

Eric Lenaerts

Managing director · since 30 décembre 2023

Active

Ferre Lenaerts

Director · since 30 décembre 2023

Active

Hanne-Lotte Lenaerts

Director · since 30 décembre 2023

Active

Ended mandates

Dieter Lenaerts

Bestuurder · since 31 mai 2023 · until 31 mai 2029

Ended

Eric Lenaerts

Gedelegeerd bestuurder · since 31 mai 2023 · until 31 mai 2029

Ended

Ferre Lenaerts

Bestuurder · since 31 mai 2023 · until 31 mai 2029

Ended

Hanne-Lotte Lenaerts

Bestuurder · since 31 mai 2023 · until 31 mai 2029

Ended

At this address

Other companies at this address

Company	CBE no.
ALAROX● Active	0827.600.535

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	29/08/2025	28/08/2024	30/08/2023	20/07/2022	30/08/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	28/08/2024	Dutch	PDF
Micro model	31/12/2022	31/05/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	31/05/2022	20/07/2022	Dutch	PDF
Micro model	31/12/2020	31/05/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	28/10/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	31/05/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	17/07/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	29/09/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	03/07/2007	Dutch	PDF

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 · 4 active · 23 ended

Active mandates

Dieter Lenaerts

Director · since 30 décembre 2023

Active

Eric Lenaerts

Managing director · since 30 décembre 2023

Active

Ferre Lenaerts

Director · since 30 décembre 2023

Active

Hanne-Lotte Lenaerts

Director · since 30 décembre 2023

Active

Ended mandates

Dieter Lenaerts

Bestuurder · since 31 mai 2023 · until 31 mai 2029

Ended

Eric Lenaerts

Gedelegeerd bestuurder · since 31 mai 2023 · until 31 mai 2029

Ended

Ferre Lenaerts

Bestuurder · since 31 mai 2023 · until 31 mai 2029

Ended

Hanne-Lotte Lenaerts

Bestuurder · since 31 mai 2023 · until 31 mai 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/06/2018
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares05/03/2018
KAPITAAL - AANDELEN
PDF
Mandates13/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/03/2014
KAPITAAL - AANDELEN
PDF
Other12/10/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/07/2011
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

2025
Annual accounts 20256,5 k €↓
2024
Annual accounts 202463,4 k €↑
2023
Annual accounts 202343,8 k €↓
2022
Annual accounts 202244,5 k €↓
2021
Annual accounts 202150,5 k €↑
2016
Annual accounts 2016-175,3 k €↓
2015
Annual accounts 20158,3 k €↓
2014
Annual accounts 201451,4 k €↓
2013
Annual accounts 201371,5 k €↑
2012
Annual accounts 201266,6 k €↑
2011
Annual accounts 2011-48,8 k €↓
2010
Annual accounts 2010317,8 k €↓
2009
Annual accounts 2009632,1 k €↓
2008
Annual accounts 2008839,6 k €↑
2007
Annual accounts 200755,2 k €↓
2006
Annual accounts 200655,4 k €
02/07/1999
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DUO

Overview

What does DUO do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline