Equity
Equity fell by 43% in 5 years.
Equity fell by 43% in 5 years.
Every financial year from 2021 to 2025 closed with a loss. 2023 was the heaviest.
The accounts state no turnover.
The 2016 accounts came 30 days late. The other nine were filed on time.
Less equity than 85% of companies in office administrative support. Sector median €974,903 · 1,168 companies.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 21% of them on solvency, 1% on liquidity, 21% on profitability and 30% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,037 companies had the same profile as DUCA 3 has now. Each dot stands for 3 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DUCA 3 itself: 0.8% within 12 months.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,037 companies, not a prediction for DUCA 3. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.11 (1.15 in 2024), below the usual 1.5. Short-term debt is 90.2% and cash 0% of total assets. 90.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DUCA 3 Tournai | €320,640 | €59,405 | 9.8% | 2 |
| ESVELT INVESTMENTS Hoogstraten | €285,474 | €57,822 | 10.6% | 1 |
| NEW WHAT'S UP DOC Chaudfontaine | €205,414 | €56,447 | 24.3% | 2.3 |
| POLYHEDRA IMMO Perwez | €243,112 | €72,404 | 0.8% | 1 |
| I&US Ghent | €349,258 | €88,833 | 31.9% | 1.2 |
| Chris & Eugène Brasschaat | €315,046 | €64,126 | 19.2% | 0.3 |
| Artinco Zuienkerke | €404,225 | €89,122 | 87.3% | 1 |
These companies have the same main activity as DUCA 3: other business support services (NACE 82990). They are comparable in size and age: total assets between €205,000 and €404,000, founded between 2008 and 2018.
DUCA 3 has existed since 2015. The gross margin fell from €479,908 in 2020 to €23,284 in 2021.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €95,000 and €160,000.
Higher than 18% of 1,168 companies in 2025.
Higher than 37% of 1,125 companies in 2025.
Higher than 21% of 1,157 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
320,640 | 258,119 | 202,736 | 166,746 | 110,634 | 97,092 | 1.1m | 1.2m | 1.2m | 1.2m | |
21/28 |
- | - | - | - | - | - | 1.1m | 1.1m | 1.1m | 1.1m | |
22/27 |
- | - | - | - | - | - | 1.1m | 1.1m | 1.1m | 1.1m | |
22 |
- | - | - | - | - | - | 1.1m | 1.1m | 1.1m | 1.1m | |
23 |
- | - | - | - | - | - | 2,999 | 2,999 | 2,999 | - | |
29/58 |
320,640 | 258,119 | 202,736 | 166,746 | 110,634 | 97,092 | 15,348 | 91,999 | 84,868 | 96,700 | |
3 |
1,877 | 1,877 | 1,877 | 1,877 | - | - | - | - | - | - | |
30/36 |
1,877 | 1,877 | 1,877 | 1,877 | - | - | - | - | - | - | |
40/41 |
313,624 | 255,793 | 200,207 | 164,597 | 108,462 | 91,162 | 2,610 | 82,136 | 73,270 | 86,914 | |
40 |
278,440 | 221,150 | 133,150 | 71,750 | 13,409 | - | - | - | - | - | |
41 |
35,184 | 34,643 | 67,057 | 92,847 | 95,053 | 91,162 | 2,610 | 82,136 | 73,270 | 86,914 | |
54/58 |
139 | 173 | 652 | 272 | 2,171 | 5,930 | 12,738 | 9,863 | 11,598 | 9,786 | |
490/1 |
5,000 | 276 | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
320,640 | 258,119 | 202,736 | 166,746 | 110,634 | 97,092 | 1.1m | 1.2m | 1.2m | 1.2m | |
10/15 |
31,543 | 33,753 | 34,777 | 46,106 | 50,374 | 55,209 | -343,367 | -65,046 | -58,430 | -66,621 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | |
1100/10 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | |
13 |
- | - | - | - | - | 6,200 | - | - | - | - | |
133 |
- | - | - | - | - | 6,200 | - | - | - | - | |
14 |
25,343 | 27,553 | 28,577 | 39,906 | 44,174 | 49,009 | -349,567 | -71,246 | -64,630 | -72,821 | |
17/49 |
289,097 | 224,366 | 167,960 | 120,640 | 60,260 | 41,883 | 1.5m | 1.3m | 1.3m | 1.3m | |
17 |
- | - | - | - | - | 19,080 | - | - | - | - | |
178/9 |
- | - | - | - | - | 19,080 | - | - | - | - | |
42/48 |
289,097 | 224,366 | 167,960 | 120,640 | 60,260 | 22,803 | 1.5m | 1.3m | 1.3m | 1.3m | |
44 |
15,282 | 8,250 | 19,249 | 6,748 | 11,558 | 11,203 | 300,552 | 3,044 | 1,982 | - | |
440/4 |
15,282 | 8,250 | 19,249 | 6,748 | 11,558 | 11,203 | 300,552 | 3,044 | 1,982 | - | |
45 |
- | - | 861 | 861 | 977 | - | - | - | 324 | 324 | |
450/3 |
- | - | 861 | 861 | 977 | - | - | - | 324 | 324 | |
47/48 |
273,815 | 216,116 | 147,849 | 113,031 | 47,724 | 11,600 | 1.2m | 1.3m | 1.3m | 1.3m | |
| Income statement | |||||||||||
9900 |
59,405 | 58,025 | 61,345 | 50,955 | 23,284 | 479,908 | -264,136 | 7,772 | 32,741 | -18,431 | |
62 |
65,561 | 58,239 | 71,815 | 52,516 | 26,053 | - | - | - | - | - | |
640/8 |
209 | - | 209 | - | - | 13,608 | 13,609 | 14,104 | 24,040 | 53,921 | |
9901 |
-6,364 | -214 | -10,678 | -1,562 | -2,769 | 466,300 | -277,745 | -6,332 | 8,701 | -72,353 | |
65/66B |
836 | 810 | 651 | 523 | 513 | 537 | 575 | 285 | 510 | 468 | |
65 |
836 | 810 | 651 | 523 | 513 | 537 | 575 | 285 | 510 | 468 | |
9903 |
-7,200 | -1,024 | -11,329 | -2,085 | -3,282 | 465,762 | -278,321 | -6,617 | 8,191 | -72,821 | |
67/77 |
-4,990 | - | - | 2,183 | 1,554 | 67,186 | - | - | - | - | |
9904 |
-2,210 | -1,024 | -11,329 | -4,268 | -4,836 | 398,576 | -278,321 | -6,617 | 8,191 | -72,821 | |
9905 |
-2,210 | -1,024 | -11,329 | -4,268 | -4,836 | 398,576 | -278,321 | -6,617 | 8,191 | -72,821 | |
| Appropriation of the result | |||||||||||
9906 |
25,343 | 27,553 | 28,577 | 39,906 | 44,174 | 49,009 | -349,567 | -71,246 | -64,630 | -72,821 | |
14P |
27,553 | 28,577 | 39,906 | 44,174 | 49,009 | - | - | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
2 | 2 | 2 | - | - | - | - | - | - | - | |
Hours worked1013 |
3,933 | 3,620 | 4,308 | - | - | - | - | - | - | - | |
| Document | |||||||||||
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-07-2026 | 2026-00388040 | |
| 31-12-2024 | full format | 28-07-2025 | 2025-00334474 | |
| 31-12-2023 | full format | 22-07-2024 | 2024-00270839 | |
| 31-12-2022 | full format | 26-07-2023 | 2023-00287741 | |
| 31-12-2021 | full format | 27-07-2022 | 2022-20239895 | |
| 31-12-2020 | full format | 26-07-2021 | 2021-41900057 | |
| 31-12-2019 | full format | 28-07-2020 | 2020-37800108 | |
| 31-12-2018 | full format | 30-07-2019 | 2019-42700285 | |
| 31-12-2017 | full format | 31-07-2018 | 2018-41100372 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-53800179 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | 2,999 | 1.1m | ||
| -34 | -480 | 380 | -1,899 | -3,759 | -6,808 | 2,875 | -1,735 | 1,812 | - | ||
| 31,543 | 33,753 | 34,777 | 46,106 | 50,374 | 74,290 | -1.5m | -1.2m | -1.2m | -1.2m | ||
| 9.8% | 13.1% | 17.2% | 27.7% | 45.5% | 56.9% | -30.3% | -5.4% | -4.9% | -5.5% | ||
| 1.11 | 1.15 | 1.21 | 1.38 | 1.84 | 4.26 | 0.01 | 0.07 | 0.07 | 0.08 | ||
| 1.10 | 1.14 | 1.20 | 1.37 | 1.84 | 4.26 | 0.01 | 0.07 | 0.07 | 0.08 | ||
| 9.17 | 6.65 | 4.83 | 2.62 | 1.20 | 0.76 | - | - | - | - | ||
| -7.0% | -3.0% | -32.6% | -9.3% | -9.6% | 721.9% | - | - | - | - | ||
| -0.7% | -0.4% | -5.6% | -2.6% | -4.4% | 410.5% | -24.6% | -0.5% | 0.7% | -6.0% |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 |
| full-time | 2 | 2 | 2 |
| in full-time equivalents | 2 | 2 | 2 |
| 2 | 2 | 2 | |
| On a permanent contract | 2 | 2 | 2 |
Source: social balance sheet in the 2023 to 2025 annual accounts
The operating result for 2025 is a loss of €6,364, larger than the loss of €214 in 2024.
Debt's share of the balance-sheet total rises from 86.9% to 90.2%. Equity is lower and debt is higher.
DUCA 3 has no parent and no holdings in its annual accounts. COLBERT INVESTISSEMENT is the only director.
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de l'Innovation 2 registered office 7503 Tournai | 05-02-2015 | 2.241.469.961 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 57031B0400/00S000 | 1,541 m² | 1 · 930 m² | 7.4 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0597.721.225
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