ACTIVE

DULCO

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Financial year 2025 · closed on 31/12/2025
Net result
-5,2 k €
+63.0% YoY
Gross margin
20,9 k €
+48.1% YoY
Equity
109,2 k €
-4.6% YoY

What does DULCO do?

DULCO is a Private limited company incorporated in 2012. Its main activity is: Site preparation. Its registered office is in Herk-de-Stad.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0501.742.495
Incorporation
04/12/2012
Legal form
Private limited company
Registered office
Stevoortweg 112
3540 Herk-de-Stad · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
43120Site preparation· main43120Site preparation02100Silviculture and other forestry activities02100Silviculture and other forestry activities02400Support services to forestry02400Support services to forestry+2
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin20,9 k €14,1 k €32,5 k €34,3 k €41,9 k €100,9 k €41,3 k €27,8 k €34,1 k €26,1 k €9,4 k €21,6 k €45,9 k €
EBITDA20,8 k €14 k €32,5 k €34,2 k €41,9 k €86,5 k €41,3 k €27,7 k €34,1 k €26 k €9,4 k €21,4 k €44,2 k €
Operating result-1,7 k €-10 k €10,6 k €13,4 k €22 k €62,4 k €6,8 k €7,1 k €10,8 k €11,9 k €-4,9 k €9,4 k €26,1 k €
Net result-5,2 k €-14,1 k €6 k €8,6 k €14,5 k €44,4 k €4,5 k €3,7 k €4,6 k €6,7 k €-6,2 k €7,3 k €15,8 k €
Balance sheet
Equity109,2 k €114,4 k €128,4 k €122,4 k €113,8 k €99,3 k €54,9 k €50,4 k €46,7 k €42,1 k €35,4 k €41,6 k €34,4 k €
Total assets115,5 k €127,5 k €156 k €172,4 k €201,1 k €212,9 k €197,2 k €83,8 k €98,7 k €63,3 k €63,7 k €55,4 k €68,1 k €
Cash14 k €6,4 k €9,8 k €28,4 k €58,3 k €39,8 k €4,3 k €11,8 k €11,1 k €9,9 k €204,2 €6,3 k €2,4 k €
Debts6,4 k €13,1 k €27,5 k €50 k €87,3 k €113,6 k €142,4 k €33,4 k €51,9 k €21,2 k €28,3 k €13,8 k €33,7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Peters Dullers

Director

Active

Ended mandates

Peters Dullers

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/07/202630/07/202525/06/202411/07/202312/08/202210/08/2021
General meeting29/05/202602/06/202501/06/202401/06/202301/06/202201/06/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202529/05/202607/07/2026DutchPDF
Micro model31/12/202402/06/202530/07/2025DutchPDF
Micro model31/12/202301/06/202425/06/2024DutchPDF
Micro model31/12/202201/06/202311/07/2023DutchPDF
Micro model31/12/202101/06/202212/08/2022DutchPDF
Micro model31/12/202001/06/202110/08/2021DutchPDF
Micro model31/12/201902/06/202006/07/2020DutchPDF
Micro model31/12/201801/06/201901/08/2019DutchPDF
Micro model31/12/201701/06/201831/07/2018DutchPDF
Micro model31/12/201601/06/201725/07/2017DutchPDF
Abridged model31/12/201501/06/201601/07/2016DutchPDF
Abridged model31/12/201401/06/201516/07/2015DutchPDF
Abridged model31/12/201302/06/201404/08/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 1 active · 1 ended

Active mandates

Peters Dullers

Director

Active

Ended mandates

Peters Dullers

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/12/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025-5,2 k €↑
  2. 2024
    Annual accounts 2024-14,1 k €↓
  3. 2023
    Annual accounts 20236 k €↓
  4. 2022
    Annual accounts 20228,6 k €↓
  5. 2021
    Annual accounts 202114,5 k €↓
  6. 2020
    Annual accounts 202044,4 k €↑
  7. 2019
    Annual accounts 20194,5 k €↑
  8. 2018
    Annual accounts 20183,7 k €↓
  9. 2017
    Annual accounts 20174,6 k €↓
  10. 2016
    Annual accounts 20166,7 k €↑
  11. 2015
    Annual accounts 2015-6,2 k €↓
  12. 2014
    Annual accounts 20147,3 k €↓
  13. 2013
    Annual accounts 201315,8 k €
  14. 04/12/2012
    IncorporationPrivate limited company