Warning lights
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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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
SHIVA DUBAR from Tournai, company number BE0656960709, closed financial year 2025 with a result of € 495,094 after tax. For that financial year SHIVA DUBAR recorded a gross margin of € -8,779 and equity of € 35,501. Compared with financial year 2024, the result moved from € 142,441 to € 495,094. Profitable, and profit is growing. The buffer shrank hard: equity is 90 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 8, 2026.
€ 35,501
▼ 90% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 495,094
▲ 248% vs 2024
Profit after tax over the fiscal year.
€ 39,327
▲ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 814,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 801
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -8,403 | € -9,518 | € -8,728 | € -8,779 | ▼ € 51 |
| Profit after taxes | € 290,203 | € 189,312 | € 142,441 | € 495,094 | ▲ 248% |
| Equity | € 22,655 | € 211,967 | € 354,407 | € 35,501 | ▼ 90% |
| Total debts | € 402,714 | € 122,967 | € 97,522 | € 489,451 | ▲ € 391,929 |
| Cash | € 125,296 | € 34,933 | € 20,257 | € 39,327 | ▲ 94% |
| Retained profit | € 2,655 | € 191,967 | € 334,407 | € 15,501 | ▼ 95% |
| Dividend | € 349,000 | € 0 | € 0 | € 814,000 | |
| Bank debt | € 53,023 | € 25,590 | € 0 | € 0 | |
| Balance sheet total | € 425,369 | € 334,933 | € 451,929 | € 524,952 | ▲ 16% |
Key figures of SHIVA DUBAR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 March 2027.
What happened to SHIVA DUBAR?
What happened at SHIVA DUBAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 495,094 (▲ 248% vs 2024). Source: NBB ↗
- Charles DUBAR became a director. NBB
- New establishment in Tournai. KBO
- Start of the company according to the CBE. KBO
In short
From € 290,203 profit in 2022 to € 495,094 profit in 2025.
Best year ever: 2025, with € 495,094 profit.
Paid out € 1.2 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SHIVA DUBAR is Charles DUBAR. It owns 100% of AD Nord Services Plus itself.
Directors
According to the 2025 annual accounts
Charles DUBAR
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Vieux Chemin d'Ath(HAV) 587
7531 Tournai
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0656.960.709
- VAT number
- BE 0656.960.709
- Registered office
- Vieux Chemin d'Ath(HAV) 587, 7531 Tournai
- Names & denominations
- SHIVA DUBAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 June 2016
- Peppol
- Not registered