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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2021.
Financials
Financial year 2025
DUBAERE from Aalter, company number BE0426608473, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year DUBAERE recorded revenue of € 88.2 million and equity of € 17.2 million. Compared with financial year 2024, the result moved from € -614,091 to € 1.3 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on November 17, 2025.
€ 17.2 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ still € 614,091 loss in 2024
Profit after tax over the fiscal year.
€ 539,323
▲ 171% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 16.4 million.
People and assets in 2025
16.8
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 6% vs 2024
€ 80,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 127,991
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 432,982
▼ 18% vs 2024
€ 87,982 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 16.5 million
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 69 days on average.
€ 1.2 million
▲ 234% vs 2024
Taxes, VAT and social contributions still to pay.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 76,981,103 | € 264,772,574 | € 82,474,013 | € 88,189,818 | ▲ 7% |
| Profit after taxes | € 1,607,641 | € 19,907,430 | € -614,091 | € 1,335,839 | ▲ € 1.9 million |
| Equity | € 7,576,463 | € 16,483,893 | € 15,869,801 | € 17,205,641 | ▲ 8% |
| Total debts | € 26,380,913 | € 26,781,324 | € 18,571,391 | € 18,133,872 | ▼ 2% |
| Cash | € 319,143 | € 630,413 | € 198,977 | € 539,323 | ▲ 171% |
| Land & buildings | € 1,716,396 | € 1,958,851 | € 1,945,119 | € 1,770,856 | ▼ 9% |
| Retained profit | € 6,764,392 | € 15,671,822 | € 15,057,731 | € 16,393,570 | ▲ 9% |
| Dividend | € 0 | € 11,000,000 | € 0 | € 0 | |
| Bank debt | € 14,513,132 | € 639,708 | € 528,902 | € 432,982 | ▼ 18% |
| Balance sheet total | € 35,033,684 | € 44,340,533 | € 35,516,509 | € 35,339,512 | |
| Employees (FTE) | 18 | 21.4 | 16.8 | 16.8 |
Key figures of DUBAERE, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 November 2026.
What happened to DUBAERE?
What happened at DUBAERE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ALVENTO BV stepped down as director. NBB
- DUVEST BV stepped down as director. NBB
- LCM-PROJECTS BV stepped down as director. NBB
- CHAMA NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.3 million. Source: NBB ↗
- ALVENTO BV became a director. NBB
- DUVEST BV became a director. NBB
- LCM-PROJECTS BV became a director. NBB
In short
From € 1.6 million profit in 2021 to € 1.3 million profit in 2025.
Paid € 5.3 million in corporate taxes since 2021.
Best year ever: 2023, with € 19.9 million profit.
Paid out € 11 million in dividends to the owners in total.
Management
The stake of LCM-PROJECTS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DUBAEREThe shares are held by LCM-PROJECTS (100%).
Directors
According to the 2025 annual accounts
Director · represented by MATTHIAS DUBAERE
Also active at: DUBATEX, CHAMA, Steel XS, LCM-PROJECTS
since 2022 · until 2028
since 2022 · until 2028
Managing director · represented by MARC DUBAERE
Also active at: DUBATEX, CHAMA, DUINEN INVEST, Steel XS
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Durmelaan 24
9880 Aalter
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.608.473
- VAT number
- BE 0426.608.473
- Registered office
- Durmelaan 24, 9880 Aalter
- Names & denominations
- DUBAERE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 1984
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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