ACTIVE

D.U.B.

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 M €

+906.5% YoY

Gross margin

8,6 k €

-95.9% YoY

Equity

1,4 M €

+0.4% YoY

What does D.U.B. do?

D.U.B. is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Schaerbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0842.072.935

Incorporation

23/12/2011

Legal form

Private limited company

Registered office

Boulevard Général Wahis 16 box F
1030 Schaerbeek · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	8,6 k €	-95.9%	209,8 k €	-17.2%	253,3 k €	+18.2%	214,4 k €	+26.7%	169,2 k €	+6.0%	159,7 k €	-11.0%	179,4 k €	-1.7%	182,4 k €	-8.0%	198,3 k €	-3.3%	205 k €	-4.1%	213,9 k €	+0.3%	213,2 k €	-1.8%	217,1 k €	+3.9%	208,9 k €
EBITDA	7,6 k €	-96.2%	200,6 k €	-20.5%	252,1 k €	+18.2%	213,3 k €	+26.7%	168,4 k €	+6.0%	158,9 k €	-11.0%	178,5 k €	-1.7%	181,5 k €	-8.1%	197,5 k €	-3.3%	204,2 k €	-4.1%	212,9 k €	+0.3%	212,2 k €	-2.0%	216,6 k €	+4.1%	208,1 k €
Operating result	7,6 k €	-96.2%	200,6 k €	-17.3%	242,6 k €	+18.5%	204,8 k €	+21.6%	168,4 k €	+6.0%	158,9 k €	-11.0%	178,5 k €	-1.7%	181,5 k €	-8.1%	197,5 k €	-3.3%	204,2 k €	-4.1%	212,9 k €	+0.3%	212,2 k €	-2.0%	216,6 k €	+4.1%	208,1 k €
Net result	1,5 M €	+907%	149,6 k €	-19.5%	185,9 k €	+29.8%	143,3 k €	+20.9%	118,5 k €	+5.8%	112 k €	-7.5%	121,1 k €	-1.9%	123,5 k €	+3.6%	119,2 k €	-79.0%	567,3 k €	+475%	98,7 k €	-14.4%	115,2 k €	-10.0%	128 k €	+6.5%	120,2 k €
Balance sheet
Equity	1,4 M €	+0.4%	1,4 M €	-4.5%	1,5 M €	+1.9%	1,5 M €	-4.8%	1,5 M €	+0.2%	1,5 M €	+7.9%	1,4 M €	+9.4%	1,3 M €	+10.6%	1,2 M €	+11.4%	1 M €	+118%	480,6 k €	+25.8%	382 k €	+43.2%	266,8 k €	+92.2%	138,8 k €
Total assets	1,5 M €	+1.3%	1,4 M €	-12.0%	1,6 M €	+3.8%	1,6 M €	+1.3%	1,6 M €	-3.6%	1,6 M €	+0.8%	1,6 M €	+3.7%	1,5 M €	-1.8%	1,6 M €	+4.7%	1,5 M €	+4.5%	1,4 M €	-3.3%	1,5 M €	+4.5%	1,4 M €	-4.1%	1,5 M €
Cash	40,1 k €	+213%	12,8 k €	-91.6%	152,9 k €	+13.5%	134,7 k €	+0.8%	133,6 k €	-32.1%	196,8 k €	-6.5%	210,4 k €	+89.2%	111,2 k €	-19.6%	138,4 k €	+55.3%	89,1 k €	+91.2%	46,6 k €	-38.0%	75,2 k €	+203%	24,8 k €	-68.2%	78,1 k €
Debts	40,5 k €	+48.6%	27,3 k €	-82.8%	158,3 k €	+25.0%	126,6 k €	+290%	32,5 k €	-65.2%	93,4 k €	-51.7%	193,3 k €	-25.0%	257,6 k €	-37.0%	409 k €	-10.6%	457,7 k €	-52.3%	960,4 k €	-13.3%	1,1 M €	-4.3%	1,2 M €	-14.0%	1,3 M €

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 · 6 ended

Active mandates

CODESS

Director · since 23 octobre 2024 · 0745.584.659

Represented by Steve COLLIE

Active

Haumans

Director · since 23 octobre 2024 · 0772.836.810

Represented by Renaat VAN GYSEL

Active

Ended mandates

Gil DELVENNE

Director · since 22 novembre 2011

Ended

Gil DELVENNE

Manager · since 22 novembre 2011

Ended

Terry BULTERYS

Director · since 22 novembre 2011

Ended

Terry BULTERYS

Manager · since 22 novembre 2011

Ended

At this address

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BULTERYS● Active	0412.863.474
C&K BELGIUM SERVICES● Active	0639.889.402
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ELONEX BENELUX● Liquidation	0440.518.966
Film Facilities Company● Active	0466.599.494
JG Asset Management● Active	0463.907.646
PAGOD● Active	0476.887.137

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	15/07/2026	30/09/2025	25/07/2024	17/08/2023	31/08/2022	13/08/2021
General meeting	12/06/2026	24/09/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	15/07/2026	French	PDF
Abridged model	31/12/2024	24/09/2025	30/09/2025	French	PDF
Abridged model	31/12/2023	14/06/2024	25/07/2024	French	PDF
Abridged model	31/12/2022	09/06/2023	17/08/2023	French	PDF
Abridged model	31/12/2021	10/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	11/06/2021	13/08/2021	French	PDF
Micro model	31/12/2019	08/09/2020	08/10/2020	French	PDF
Abridged model	31/12/2018	14/06/2019	12/08/2019	French	PDF
Abridged model	31/12/2017	08/06/2018	08/08/2018	French	PDF
Abridged model	31/12/2016	09/06/2017	26/07/2017	French	PDF
Abridged model	31/12/2015	10/06/2016	17/08/2016	French	PDF
Abridged model	31/12/2014	12/06/2015	16/07/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	08/07/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	31/07/2013	French	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 · 2 active · 6 ended

Active mandates

CODESS

Director · since 23 octobre 2024 · 0745.584.659

Represented by Steve COLLIE

Active

Haumans

Director · since 23 octobre 2024 · 0772.836.810

Represented by Renaat VAN GYSEL

Active

Ended mandates

Gil DELVENNE

Director · since 22 novembre 2011

Ended

Gil DELVENNE

Manager · since 22 novembre 2011

Ended

Terry BULTERYS

Director · since 22 novembre 2011

Ended

Terry BULTERYS

Manager · since 22 novembre 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other07/11/2024
DIVERS
PDF
Mandates06/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates16/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Other28/12/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 20251,5 M €↑
2024
Annual accounts 2024149,6 k €↓
2023
Annual accounts 2023185,9 k €↑
2022
Annual accounts 2022143,3 k €↑
2021
Annual accounts 2021118,5 k €↑
2020
Annual accounts 2020112 k €↓
2019
Annual accounts 2019121,1 k €↓
2018
Annual accounts 2018123,5 k €↑
2017
Annual accounts 2017119,2 k €↓
2016
Annual accounts 2016567,3 k €↑
2015
Annual accounts 201598,7 k €↓
2014
Annual accounts 2014115,2 k €↓
2013
Annual accounts 2013128 k €↑
2012
Annual accounts 2012120,2 k €
23/12/2011
IncorporationPrivate 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

D.U.B.

Overview

What does D.U.B. do?

Trend over 14 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