Summary
DUCAJU is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5.22M and a net result of €-160k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 47% of 2399 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
60 d late
2023
27 d late
2022
9 d late
2021
31 d late
2020
9 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€5.22M▼ 3.0%
2024 · €5.38M
Net result
€-160k
2024 · €56k
Total assets
€9.12M▼ 4.4%
2024 · €9.53M
Solvency
57.3%▲ 0.8pp
2024 · 56.5%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€43k▼ 50.6%€81k▲ 89.5%€78k▼ 2.6%€100k▲ 27.7%€102k▲ 1.8%
Net result€-4k€48k€113k▲ 135%€56k▼ 50.8%€-160k
Equity€5.17M▼ 0.1%€5.21M▲ 0.9%€5.33M▲ 2.2%€5.38M▲ 1.0%€5.22M▼ 3.0%
Total assets€10.87M▼ 0.4%€10.82M▼ 0.5%€10.70M▼ 1.1%€9.53M▼ 10.9%€9.12M▼ 4.4%
Debt€5.55M▼ 0.5%€5.45M▼ 1.8%€5.23M▼ 4.0%€4.01M▼ 23.2%€3.77M▼ 6.1%
Working capital€-2.31M▼ 22.6%€-2.23M▲ 3.7%€-3.15M▼ 41.6%€-3.72M▼ 17.9%€-3.51M▲ 5.6%
Solvency47.5%▲ 0.1pp48.2%▲ 0.7pp49.8%▲ 1.6pp56.5%▲ 6.7pp57.3%▲ 0.8pp
Staff (FTE)1=1=1=1=1=
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.12M
Fixed assets
€8.86M ▼ 4.1%
Current assets
€258k ▼ 13.2%
Equity and liabilities €9.12M
Equity
€5.22M ▼ 3.0%
Provisions
€126k ▼ 6.4%
Debt
€3.77M ▼ 6.1%
Debt's share of the balance-sheet total falls from 42.1% to 41.3%. Equity and debt are lower.
Key figures and ratios
ROE
-3.1%▼
2024 · 1.0%
ROA
-1.8%▼
2024 · 0.6%
Debt ≤ 1 year
€3.77M▼
2024 · €4.01M
Income taxes
€37k▲
2024 · €18k
Staff costs
€61k▲
2024 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €280 | - | - | - | - |
| Remuneration, social security and pensions62 | €50k | €51k | €58k | €59k | €61k | ▲ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €142k | €137k | €124k | €125k | €126k | ▲ 0.8% |
| Other operating charges640/8 | €21k | €32k | €30k | €31k | €32k | ▲ 4.4% |
| Non-recurring operating charges66A | - | €3k | €0 | - | €545 | - |
| Gross operating margin9900 | €255k | €304k | €290k | €315k | €322k | ▲ 2.1% |
| Operating profit (loss)9901 | €43k | €81k | €78k | €100k | €102k | ▲ 1.8% |
| Financial income75/76B | €76k | €85k | €110k | €11k | €72k | ▲ 583% |
| Recurring financial income75 | €76k | €85k | €110k | €11k | €71k | ▲ 575% |
| Non-recurring financial income76B | - | - | €545 | €0 | €890 | - |
| Financial charges65/66B | €127k | €81k | €49k | €45k | €306k | ▲ 575% |
| Recurring financial charges65 | €127k | €81k | €49k | €45k | €56k | ▲ 23.6% |
| Non-recurring financial charges66B | - | - | - | - | €250k | - |
| Profit (loss) for the period before taxes9903 | €-9k | €84k | €140k | €65k | €-132k | ▼ 301% |
| Transfer from deferred taxes780 | €10k | €10k | €9k | €9k | €9k | = |
| Income taxes67/77 | €6k | €47k | €35k | €18k | €37k | ▲ 100% |
| Profit (loss) for the period9904 | €-4k | €48k | €113k | €56k | €-160k | ▼ 388% |
| Transfer from tax-exempt reserves789 | €20k | €20k | €17k | €17k | €17k | = |
| Profit (loss) for the period to be appropriated9905 | €16k | €68k | €130k | €73k | €-143k | ▼ 298% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.87M | €10.82M | €10.70M | €9.53M | €9.12M | ▼ 4.4% |
| Fixed assets21/28 | €9.49M | €9.45M | €9.35M | €9.24M | €8.86M | ▼ 4.1% |
| Tangible fixed assets22/27 | €3.53M | €3.44M | €3.34M | €3.23M | €3.11M | ▼ 3.9% |
| Land and buildings22 | €3.47M | €3.39M | €3.29M | €3.18M | €3.06M | ▼ 3.7% |
| Plant, machinery and equipment23 | €3k | €3k | €8k | €11k | €8k | ▼ 23.7% |
| Other tangible fixed assets26 | €54k | €52k | €46k | €40k | €34k | ▼ 14.9% |
| Financial fixed assets28 | €5.97M | €6.00M | €6.00M | €6.00M | €5.75M | ▼ 4.2% |
| Current assets29/58 | €1.38M | €1.37M | €1.36M | €297k | €258k | ▼ 13.2% |
| Amounts receivable after more than one year29 | - | - | €1.15M | €0 | - | - |
| Other amounts receivable291 | - | - | €1.15M | €0 | - | - |
| Amounts receivable within one year40/41 | €1.20M | €1.16M | €11k | €2k | €3k | ▲ 44.7% |
| Other amounts receivable41 | €1.20M | €1.16M | €11k | €2k | €3k | ▲ 44.7% |
| Current investments50/53 | €126k | €147k | €154k | €162k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €59k | €61k | €40k | €133k | €255k | ▲ 91.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.87M | €10.82M | €10.70M | €9.53M | €9.12M | ▼ 4.4% |
| Equity10/15 | €5.17M | €5.21M | €5.33M | €5.38M | €5.22M | ▼ 3.0% |
| Contributions10/11 | €4.12M | €4.12M | €4.12M | €4.12M | €4.12M | = |
| Capital10 | €4.12M | €4.12M | €4.12M | €4.12M | €4.12M | = |
| Issued capital100 | €4.12M | €4.12M | €4.12M | €4.12M | €4.12M | = |
| Reserves13 | €930k | €913k | €903k | €891k | €874k | ▼ 1.9% |
| Non-distributable reserves130/1 | €250k | €254k | €261k | €265k | €265k | = |
| Legal reserve130 | €250k | €254k | €261k | €265k | €265k | = |
| Tax-exempt reserves132 | €315k | €295k | €279k | €262k | €245k | ▼ 6.4% |
| Distributable reserves133 | €364k | €364k | €364k | €364k | €364k | = |
| Profit (loss) carried forward14 | €117k | €182k | €305k | €373k | €230k | ▼ 38.4% |
| Provisions and deferred taxes16 | €162k | €152k | €143k | €135k | €126k | ▼ 6.4% |
| Deferred taxes168 | €162k | €152k | €143k | €135k | €126k | ▼ 6.4% |
| Amounts payable17/49 | €5.55M | €5.45M | €5.23M | €4.01M | €3.77M | ▼ 6.1% |
| Amounts payable after more than one year17 | €1.85M | €1.85M | €719k | €0 | - | - |
| Financial debts170/4 | €1.85M | €1.85M | €719k | €0 | - | - |
| Amounts payable within one year42/48 | €3.69M | €3.59M | €4.51M | €4.01M | €3.77M | ▼ 6.1% |
| Trade debts44 | €77k | €112k | €79k | €72k | €121k | ▲ 67.7% |
| Suppliers440/4 | €77k | €112k | €79k | €72k | €121k | ▲ 67.7% |
| Taxes, remuneration and social security45 | €41k | €63k | €40k | €52k | €32k | ▼ 37.6% |
| Taxes450/3 | €13k | €43k | €34k | €45k | €25k | ▼ 43.9% |
| Remuneration and social security454/9 | €28k | €20k | €7k | €7k | €7k | ▲ 3.6% |
| Other amounts payable47/48 | €3.57M | €3.42M | €4.39M | €3.89M | €3.61M | ▼ 7.1% |
| Accrued charges and deferred income492/3 | - | - | €3k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €48k | €113k | €56k | €-160k | ▼ 388% |
| + Depreciation and write-downs630 | €142k | €137k | €124k | €125k | €126k | ▲ 0.8% |
| Operating cash flow (approximation) | €137k | €185k | €237k | €181k | €-34k | ▼ 119% |
| Investment in fixed assets (approximation) | - | €-90k | €-22k | €-15k | €250k | ▲ 1,724% |
| Change in cash | - | €2k | €-22k | €93k | €122k | ▲ 30.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-160k
Net result drops to €-160k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2001
Ground area
541 m²
Building footprint
58 m²
Volume, LiDAR
786 m³
Parcel 44815F3635/00G008, Flanders · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Begijnhoflaan 452, 9000 Gent
since 20012.100.070.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F3635/00G008 | Flanders | 541 m² | 1 · 58 m² | 15.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Heads the group
DUCAJU
2 companies
Group, risk and exposure
Connections & network
No current directors or connected companies found in the register.
Ownership & control
1 subsidiary, 1 abroadDUCAJUBE 0466.831.702
controls
Where this company holds controlsubsidiary per the LEI register1
MARTIAL PRODUCTIONS
Limeil-Brevannes, France
Recognitions · licences · registrations
Legal Entity Identifier
967600R4W472EJDJSI97
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 7,999 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.