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 €11.8m and a net result of -€3,465. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 50% of 2413 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
28 d late
2023
34 d late
2022
5 d early
2021
26 d late
2020
17 d late
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Tielt, Finance and insurance sector#4 company by equity in Tielt, Finance and insurance sector
Equity
€11.8m=
2024 · €11.8m
Net result
-€3,465▲ 80.6%
2024 · -€17,850
Total assets
€19.2m▼ 1.3%
2024 · €19.4m
Solvency
61.6%▲ 0.8pp
2024 · 60.9%
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
Turnover€2.2m▲ 26.0%€2.6m▲ 20.9%€3.0m▲ 15.0%€2.7m▼ 9.6%€1.7m▼ 37.6%
Operating result€268,773▲ 3.6%€388,071▲ 44.4%€221,556▼ 42.9%€349,919▲ 57.9%€212,641▼ 39.2%
Net result€706,202€403,022▼ 42.9%€273,264▼ 32.2%-€17,850-€3,465▲ 80.6%
Equity€11.2m▲ 6.7%€11.6m▲ 3.6%€11.8m▲ 2.4%€11.8m▼ 0.2%€11.8m=
Total assets€19.3m▲ 0.1%€19.2m▼ 0.5%€19.5m▲ 1.9%€19.4m▼ 0.5%€19.2m▼ 1.3%
Debt€8.1m▼ 7.7%€7.6m▼ 6.2%€7.7m▲ 1.3%€7.6m▼ 1.1%€7.4m▼ 3.2%
Working capital-€2.7m▲ 13.6%-€2.8m▼ 2.3%-€2.9m▼ 5.9%-€3.3m▼ 13.1%-€3.5m▼ 3.8%
Solvency58.0%▲ 3.6pp60.4%▲ 2.4pp60.6%▲ 0.3pp60.9%▲ 0.2pp61.6%▲ 0.8pp
Staff (FTE)8.7▼ 6.5%8.9▲ 2.3%10.7▲ 20.2%8.2▼ 23.4%6.3▼ 23.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.2m
Fixed assets
€18.9m ▼ 0.1%
Current assets
€241,377 ▼ 48.1%
Equity and liabilities €19.2m
Equity
€11.8m =
Debt
€7.4m ▼ 3.2%
Debt's share of the balance-sheet total falls from 39.1% to 38.4%. Debt is lower.
Key figures and ratios
ROE
0.0%▲
2024 · -0.2%
ROA
0.0%▲
2024 · -0.1%
Debt ≤ 1 year
€3.7m▼
2024 · €3.8m
Debt > 1 year
€3.7m▼
2024 · €3.7m
Income taxes
€1,173▼
2024 · €1,510
Staff costs
€561,410▼
2024 · €957,833
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €2.2m | €2.7m | €3.1m | €2.8m | €1.8m | ▼ 35.9% |
| Turnover70 | €2.2m | €2.6m | €3.0m | €2.7m | €1.7m | ▼ 37.6% |
| Other operating income74 | €33,568 | €54,707 | €110,717 | €46,156 | €77,733 | ▲ 68.4% |
| Operating charges60/66A | €1.9m | €2.3m | €2.9m | €2.4m | €1.6m | ▼ 35.4% |
| Goods for resale, raw materials and consumables60 | €144 | €128 | - | €8,450 | €3,120 | ▼ 63.1% |
| Purchases600/8 | €144 | €128 | - | €8,450 | €3,120 | ▼ 63.1% |
| Services and other goods61 | €1.1m | €1.3m | €1.5m | €1.4m | €961,293 | ▼ 30.5% |
| Remuneration, social security and pensions62 | €800,695 | €966,331 | €1.3m | €957,833 | €561,410 | ▼ 41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,037 | €43,854 | €59,068 | €50,680 | €25,352 | ▼ 50.0% |
| Other operating charges640/8 | €6,143 | €6,916 | €6,397 | €5,473 | €3,217 | ▼ 41.2% |
| Operating profit (loss)9901 | €268,773 | €388,071 | €221,556 | €349,919 | €212,641 | ▼ 39.2% |
| Financial income75/76B | €760,813 | €353,811 | €360,026 | €1,122 | €5,843 | ▲ 421% |
| Recurring financial income75 | €760,813 | €353,811 | €360,026 | €1,122 | €5,843 | ▲ 421% |
| Income from financial fixed assets750 | €756,893 | €350,000 | €360,000 | €0 | - | - |
| Income from current assets751 | €3,694 | - | - | €0 | €5,704 | ▲ 2,851,715% |
| Other financial income752/9 | €227 | €3,811 | €26 | €1,122 | €139 | ▼ 87.6% |
| Financial charges65/66B | €321,249 | €313,301 | €305,717 | €367,380 | €220,776 | ▼ 39.9% |
| Recurring financial charges65 | €321,249 | €313,301 | €305,717 | €367,380 | €220,776 | ▼ 39.9% |
| Debt charges650 | €319,903 | €312,534 | €304,352 | €367,328 | €220,754 | ▼ 39.9% |
| Other financial charges652/9 | €1,346 | €767 | €1,366 | €52 | €22 | ▼ 57.8% |
| Profit (loss) for the period before taxes9903 | €708,337 | €428,581 | €275,865 | -€16,340 | -€2,292 | ▲ 86.0% |
| Income taxes67/77 | €2,135 | €25,559 | €2,600 | €1,510 | €1,173 | ▼ 22.3% |
| Taxes670/3 | €2,135 | €25,559 | €2,600 | €1,510 | €1,173 | ▼ 22.3% |
| Profit (loss) for the period9904 | €706,202 | €403,022 | €273,264 | -€17,850 | -€3,465 | ▲ 80.6% |
| Profit (loss) for the period to be appropriated9905 | €706,202 | €403,022 | €273,264 | -€17,850 | -€3,465 | ▲ 80.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.3m | €19.2m | €19.5m | €19.4m | €19.2m | ▼ 1.3% |
| Fixed assets21/28 | €18.8m | €18.8m | €19.0m | €19.0m | €18.9m | ▼ 0.1% |
| Intangible fixed assets21 | €4,756 | €4,669 | €107,418 | €82,591 | €57,764 | ▼ 30.1% |
| Tangible fixed assets22/27 | €103,989 | €67,109 | €26,377 | €524 | €0 | ▼ 100% |
| Furniture and vehicles24 | €4,127 | €5,176 | €2,372 | €524 | €0 | ▼ 100% |
| Leasing and similar rights25 | €99,863 | €61,933 | €24,004 | €0 | - | - |
| Financial fixed assets28 | €18.7m | €18.7m | €18.9m | €18.9m | €18.9m | = |
| Affiliated companies280/1 | €18.7m | €18.7m | €18.9m | €18.9m | €18.9m | = |
| Participating interests280 | €18.7m | €18.7m | €18.9m | €18.9m | €18.9m | = |
| Other financial fixed assets284/8 | €11,302 | €11,302 | €11,302 | €11,302 | €11,250 | ▼ 0.5% |
| Amounts receivable and cash guarantees285/8 | €11,302 | €11,302 | €11,302 | €11,302 | €11,250 | ▼ 0.5% |
| Current assets29/58 | €460,352 | €390,013 | €520,251 | €465,164 | €241,377 | ▼ 48.1% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €257,171 | €288,533 | €329,746 | €392,786 | €141,029 | ▼ 64.1% |
| Trade receivables40 | €127,171 | €270,687 | €308,248 | €361,972 | €4,840 | ▼ 98.7% |
| Other amounts receivable41 | €130,000 | €17,846 | €21,499 | €30,814 | €136,189 | ▲ 342% |
| Cash at bank and in hand54/58 | €186,599 | €75,312 | €169,877 | €49,525 | €46,672 | ▼ 5.8% |
| Deferred charges and accrued income490/1 | €16,582 | €26,169 | €20,627 | €22,853 | €53,676 | ▲ 135% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.3m | €19.2m | €19.5m | €19.4m | €19.2m | ▼ 1.3% |
| Equity10/15 | €11.2m | €11.6m | €11.8m | €11.8m | €11.8m | = |
| Contributions10/11 | €6.3m | €6.3m | €6.3m | €6.3m | €6.3m | = |
| Capital10 | €6.3m | €6.3m | €6.3m | €6.3m | €6.3m | = |
| Issued capital100 | €6.3m | €6.3m | €6.3m | €6.3m | €6.3m | = |
| Reserves13 | €4.9m | €5.3m | €5.3m | €5.3m | €5.3m | = |
| Non-distributable reserves130/1 | €625,000 | €625,000 | €625,000 | €625,000 | €625,000 | = |
| Legal reserve130 | €625,000 | €625,000 | €625,000 | €625,000 | €625,000 | = |
| Distributable reserves133 | €4.3m | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Profit (loss) carried forward14 | €46,401 | €49,423 | €322,688 | €304,837 | €301,372 | ▼ 1.1% |
| Amounts payable17/49 | €8.1m | €7.6m | €7.7m | €7.6m | €7.4m | ▼ 3.2% |
| Amounts payable after more than one year17 | €4.8m | €4.4m | €4.1m | €3.7m | €3.7m | ▼ 0.7% |
| Financial debts170/4 | €1.1m | €739,954 | €444,613 | €63,817 | €39,116 | ▼ 38.7% |
| Leasing and similar obligations172 | €60,849 | €22,541 | - | - | - | - |
| Credit institutions173 | €1.1m | €717,413 | €444,613 | - | - | - |
| Other loans174 | - | - | - | €63,817 | €39,116 | ▼ 38.7% |
| Other amounts payable178/9 | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Amounts payable within one year42/48 | €3.2m | €3.2m | €3.5m | €3.8m | €3.7m | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | €404,329 | €404,798 | €405,462 | €380,796 | €24,701 | ▼ 93.5% |
| Financial debts43 | €53,995 | €68,005 | €70,054 | €37,505 | €42,875 | ▲ 14.3% |
| Credit institutions430/8 | €53,995 | €68,005 | €70,054 | €37,505 | €42,875 | ▲ 14.3% |
| Trade debts44 | €94,030 | €155,728 | €212,187 | €101,460 | €372,177 | ▲ 267% |
| Suppliers440/4 | €94,030 | €155,728 | €212,187 | €101,460 | €372,177 | ▲ 267% |
| Taxes, remuneration and social security45 | €218,352 | €244,368 | €273,580 | €127,986 | €109,326 | ▼ 14.6% |
| Taxes450/3 | €94,997 | €102,069 | €81,542 | €33,064 | €20,407 | ▼ 38.3% |
| Remuneration and social security454/9 | €123,355 | €142,299 | €192,038 | €94,923 | €88,919 | ▼ 6.3% |
| Other amounts payable47/48 | €2.4m | €2.3m | €2.5m | €3.2m | €3.2m | = |
| Accrued charges and deferred income492/3 | €155,693 | €62,612 | €160,837 | €122,356 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €706,202 | €403,022 | €273,264 | -€17,850 | -€3,465 | ▲ 80.6% |
| + Depreciation and write-downs630 | €43,037 | €43,854 | €59,068 | €50,680 | €25,352 | ▼ 50.0% |
| Operating cash flow (approximation) | €749,239 | €446,876 | €332,333 | €32,829 | €21,886 | ▼ 33.3% |
| Investment in fixed assets (approximation) | - | -€11,530 | -€298,364 | €0 | €52 | - |
| Change in cash | - | -€111,287 | €94,565 | -€120,352 | -€2,853 | ▲ 97.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€17,850
Net result drops to -€17,850, the lowest in the series; recovery starts the following year.
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 34 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Back to profitnet €706,202
Net result €706,202 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 52 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Tielt · 1 establishment unit since 2012
Ground area
1.7 ha
Building footprint
8,018 m²
Parcel 37322C1960/00A000, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DUCAJU
since 20122.211.025.522
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322C1960/00A000 | Flanders | 1.7 ha | 1 · 8,018 m² | - |
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
Owners and holdings
1 owner · 4 holdings · 6 subsidiaries in the treeOwners 1
-
26%
Holdings 4
-
100%
-
100%
-
100%
-
100%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- BDMO 100%
- DCP 100%
MIVOMAP 100%1 subsidiary
- AQUAE FORTUNA 100%
According to the 2025 annual accounts of DUCAJU and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 19,604 EUR awarded · 21,751 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,743 EUR | 616 EUR |
| 2024 | 2 | 6,159 EUR | 6,159 EUR |
| 2023 | 3 | -1,068 EUR | 12,206 EUR |
| 2022 | 2 | 12,770 EUR | 2,770 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 5,570 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
Founded22-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847197307
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.