ACTIVE

DULE-13

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Financial year 2025 · Closed on 31/12/2025

Net result7,5 M €+578,1 %over 1 year

Gross margin-197,5 k €-32,8 %over 1 year

Equity91,4 M €+8,9 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

DULE-13 is a Private limited company incorporated in 2008. Its main activity is: Activities of holding companies. Its registered office is in Tournai.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0898.959.574
Incorporation: 02/07/2008
Legal form: Private limited company
Registered office: Chaussée de Tournai(R-C) 52/1
7520 Tournai · WallonieSee on map
Contributed capital: 78 516 004,51 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 18 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-197,5 k €	-32.8%	-148,7 k €	-6.8%	-139,3 k €	+7.1%	-150 k €	-20.3%	-124,7 k €
EBITDA	-330,8 k €	-27.5%	-259,5 k €	-16.6%	-222,5 k €	+0.7%	-224,2 k €	-11.5%	-201 k €
Operating result	-330,8 k €	-27.5%	-259,5 k €	-16.6%	-222,5 k €	+0.7%	-224,2 k €	-11.5%	-201 k €
Net result	7,5 M €	+578%	1,1 M €	+4.6%	1,1 M €	-86.6%	7,9 M €	+2616%	289,8 k €
Balance sheet
Equity	91,4 M €	+8.9%	83,9 M €	-5.0%	88,3 M €	+1.2%	87,3 M €	+9.9%	79,4 M €
Total assets	104,5 M €	+7.6%	97,1 M €	-1.2%	98,2 M €	+1.3%	96,9 M €	+8.8%	89,1 M €
Cash	554,4 k €	+49.8%	370,2 k €	-93.4%	5,6 M €	-36.0%	8,7 M €	+81.9%	4,8 M €
Debts	12,7 M €	-0.8%	12,8 M €	+33.4%	9,6 M €	-0.2%	9,6 M €	+0.1%	9,6 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joséphine DUBRULLE	Directorsince 01/10/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christophe DUBRULLE	Director08/06/2010 → 2024 accountsChairman of the board of directors08/06/2010 → 2020 accountsManager08/06/2010 → 2018 accounts

Other companies at this address

Chaussée de Tournai(R-C) 52/1 7520 Tournai

Company	CBE no.
4R GROUP● Active	0629.910.674
ADITUS● Active	0448.952.622
Agence Belge de Développement et d'Investissement● Active	0546.843.933
Alliance pour une Coordination Active de Distribution Internationale et Européenne● Active	0452.678.313
ALNET.BE● Active	0871.366.539
ALTERN & TAKE● Active	0829.296.451
AP HOLDING● Active	0567.996.069
ATELEIA● Active	0759.870.581
ATLANTIQUE NORD● Active	0647.759.169
BASTION IMMOBILIER● Active	0740.475.630
BEL BAT● Active	0636.872.207
BILCO LIMITED● Active	0883.363.855
BIOTOPS● Active	0662.509.307
B'L INVEST● Active	0556.808.308
BM INVESTISSEMENT● Active	0689.683.262
CADS INTERNATIONAL● Active	0864.872.883
CASTERIMMO● Active	0733.961.188
CAWAP● Active	0505.761.562
CENET.BE● Active	0871.362.579
CODU 08● Active	0898.409.446

Full financial information

Source · NBB

	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	20/07/2026	20/08/2025	31/08/2024	31/08/2023	31/08/2022	30/06/2022
General meeting	23/06/2026	17/06/2025	04/06/2024	24/06/2023	17/06/2022	17/06/2022
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 18 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/06/2026	20/07/2026	French	PDF
Abridged model	31/12/2024	17/06/2025	20/08/2025	French	PDF
Abridged model	31/12/2023	04/06/2024	31/08/2024	French	PDF
Abridged model	31/12/2022	24/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	31/08/2022	French	PDF
Abridged modelCorrection	31/12/2020	17/06/2022	30/06/2022	French	PDF
Abridged model	31/12/2020	26/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	05/06/2020	30/06/2020	French	PDF
Abridged model	31/12/2018	01/06/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	19/07/2018	French	PDF
Abridged model	31/12/2016	28/06/2017	03/07/2017	French	PDF
Abridged model	31/12/2015	25/06/2016	25/07/2016	French	PDF
Abridged model	31/12/2014	27/06/2015	16/07/2015	French	PDF
Abridged model	31/12/2013	28/06/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	25/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	16/07/2012	French	PDF
Abridged model	31/12/2010	25/06/2011	14/07/2011	French	PDF
Abridged model	31/12/2009	26/05/2010	24/06/2010	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joséphine DUBRULLE	Directorsince 01/10/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christophe DUBRULLE	Director08/06/2010 → 2024 accountsChairman of the board of directors08/06/2010 → 2020 accountsManager08/06/2010 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates24/07/2026
Extrait PVAGO 23/06/2026 - nomination administrateurs
PDF
Mandates24/11/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/01/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Registered office06/01/2021
MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL
PDF
Mandates30/05/2013
DENOMINATION - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares23/06/2010
CAPITAL, ACTIONS
PDF
Mandates23/06/2010
DENOMINATION - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other11/07/2008
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

Joséphine DUBRULLE

Christophe DUBRULLE

2008200920102011201220132014201520162017201820192020202120222023202420252026

DULE-13

Chaussée de Tournai 52/1, 7520 Templeuve

Chairman of the board of directorsDirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Chaussée de Tournai(R-C) 52/1, 7520 TempleuveCurrent		CBE
Chaussée de Tournai 52 bte 1, 7520 Templeuve	accounts 2025	Accounts 2025 · 2026-00309904
Chaussée de Tournai 52/1, 7520 Templeuve	accounts 2020 → 2024	Accounts 2024 · 2025-00390130

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
DULE-13Current	accounts 2020 → 2025	Accounts 2025 · 2026-00309904

Events

2025
Annual accounts 20257,5 M €↑
01/10/2025
nominationJoséphine DUBRULLE · administrateur
2024
Annual accounts 20241,1 M €↑
16/12/2024
cession
16/12/2024
reduction_capital
2023
Annual accounts 20231,1 M €↓
2022
Annual accounts 20227,9 M €↑
2021
Annual accounts 2021289,8 k €↓
2020
Annual accounts 2020497,9 k €↑
2018
Annual accounts 2018-4,3 M €↓
2017
Annual accounts 20172 M €↑
2016
Annual accounts 20161,4 M €↑
2015
Annual accounts 2015507,4 k €↓
2014
Annual accounts 20141,4 M €↓
2013
Annual accounts 20132,6 M €↑
2012
Annual accounts 201285,9 k €↓
2011
Annual accounts 201189,7 k €↑
2010
Annual accounts 201082 k €↑
2009
Annual accounts 2009-4,6 k €
02/07/2008
IncorporationPrivate limited company

DULE-13

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events