DUCAN
ActiveSummary
DUCAN has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€283,081) and a net result of -€92,447. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 12% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.02 in 2024; short-term debt: 28.5% and cash: 2.3% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-121.1%
Return on assets
-39.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€283,081
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
57 d early
2023
55 d early
2022
10 d late
2021
3 d early
2020
30 d early
2019
65 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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. Usually files around 16 July (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Waregem, Other services sector
Equity
-€283,081▲ 92.6%
2024 · -€3.8m
Total assets
€233,788▼ 33.0%
2024 · €349,186
Net result
-€92,447▲ 0.9%
2024 · -€93,315
Working capital
-€60,044▲ 98.3%
2024 · -€3.6m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€281,551▼ 17.3%-€252,567▲ 10.3%-€360,749▼ 42.8%-€92,029▲ 74.5%-€92,063=
Net result-€283,133below the sector's middle half▼ 17.1%-€253,954below the sector's middle half▲ 10.3%-€362,249below the sector's middle half▼ 42.6%-€93,315below the sector's middle half▲ 74.2%-€92,447below the sector's middle half▲ 0.9%
Equity-€3.1mbelow the sector's middle half▼ 9.9%-€3.4mbelow the sector's middle half▼ 8.1%-€3.7mbelow the sector's middle half▼ 10.7%-€3.8mbelow the sector's middle half▼ 2.5%-€283,081below the sector's middle half▲ 92.6%
Total assets€2.4mabove the sector's middle half▼ 4.8%€2.2mabove the sector's middle half▼ 9.0%€928,010above the sector's middle half▼ 57.1%€349,186above the sector's middle half▼ 62.4%€233,788above the sector's middle half▼ 33.0%
Debt€5.5m▲ 3.1%€5.5m▲ 0.7%€4.7m▼ 15.7%€4.2m▼ 10.4%€516,869▼ 87.7%
Working capital-€4.7mbelow the sector's middle half▼ 3.3%-€4.8mbelow the sector's middle half▼ 2.5%-€3.3mbelow the sector's middle half▲ 32.3%-€3.6mbelow the sector's middle half▼ 10.2%-€60,044below the sector's middle half▲ 98.3%
Solvency-131.8%below the sector's middle half▼ 17.7pp-156.6%below the sector's middle half▼ 24.8pp-403.8%below the sector's middle half▼ 247.2pp-121.1%below the sector's middle half
Current ratio0.02below the sector's middle half=0.01below the sector's middle half▼ 0.020.20below the sector's middle half▲ 0.190.02below the sector's middle half▼ 0.170.10below the sector's middle half▲ 0.07
Return on assets (ROA)-11.9%below the sector's middle half▼ 2.2pp-11.8%below the sector's middle half▲ 0.2pp-39.0%below the sector's middle half▼ 27.3pp-26.7%below the sector's middle half▲ 12.3pp-39.5%below the sector's middle half▼ 12.8pp
Staff (FTE)2.7within the sector's middle half▼ 18.2%1.5below the sector's middle half▼ 44.4%0.3▼ 80.0%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €92,063 in 2025 against €92,029 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233,788
Fixed assets
€227,173 ▼ 12.0%
Current assets
€6,615 ▼ 92.7%
Equity and liabilities
Equity-€283,081
Debt€516,869
Equity is negative: debt (€516,869) exceeds the balance-sheet total (€233,788).
Key figures and ratios
EBITDA
-€61,146▼
2024 · -€60,342
Cash flow
-€61,530▲
2024 · -€61,627
Quick ratio
0.09▲
2024 · 0.02
Interest coverage
-250.62▼
2024 · -53.34
Debt ≤ 1 year
€66,659▼
2024 · €3.7m
Debt > 1 year
€450,000▼
2024 · €495,000
Income taxes
€140▼
2024 · €155
Staff costs
€0▼
2024 · €503
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,621 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | €5,584 | - |
| Remuneration, social security and pensions62 | €82,242 | €74,296 | €8,414 | €503 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €140,556 | €140,773 | €25,756 | €31,687 | €30,917 | ▼ 2.4% |
| Other operating charges640/8 | €26,176 | €24,927 | €31,563 | €1,176 | €1,551 | ▲ 31.9% |
| Non-recurring operating charges66A | - | - | €129,802 | €0 | - | - |
| Gross operating margin9900 | -€32,577 | -€12,572 | -€165,214 | -€58,663 | -€59,595 | ▼ 1.6% |
| Operating profit (loss)9901 | -€281,551 | -€252,567 | -€360,749 | -€92,029 | -€92,063 | = |
| Financial income75/76B | €0 | €10 | €0 | €0 | €0 | ▼ 97.5% |
| Recurring financial income75 | €0 | €10 | €0 | €0 | €0 | ▼ 97.5% |
| Financial charges65/66B | €1,396 | €1,222 | €1,337 | €1,131 | €244 | ▼ 78.4% |
| Recurring financial charges65 | €1,396 | €1,222 | €1,337 | €1,131 | €244 | ▼ 78.4% |
| Profit (loss) for the period before taxes9903 | -€282,947 | -€253,779 | -€362,086 | -€93,159 | -€92,307 | ▲ 0.9% |
| Income taxes67/77 | €186 | €175 | €163 | €155 | €140 | ▼ 9.7% |
| Profit (loss) for the period9904 | -€283,133 | -€253,954 | -€362,249 | -€93,315 | -€92,447 | ▲ 0.9% |
| Profit (loss) for the period to be appropriated9905 | -€283,133 | -€253,954 | -€362,249 | -€93,315 | -€92,447 | ▲ 0.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.2m | €928,010 | €349,186 | €233,788 | ▼ 33.0% |
| Fixed assets21/28 | €2.3m | €2.1m | €113,558 | €258,091 | €227,173 | ▼ 12.0% |
| Intangible fixed assets21 | €4,599 | €2,582 | €564 | €2,538 | €1,928 | ▼ 24.0% |
| Tangible fixed assets22/27 | €2.3m | €2.1m | €112,794 | €255,352 | €225,045 | ▼ 11.9% |
| Land and buildings22 | €2.1m | €2.0m | €0 | - | - | - |
| Plant, machinery and equipment23 | €60,142 | €36,675 | €84,355 | €241,216 | €224,848 | ▼ 6.8% |
| Furniture and vehicles24 | €58,699 | €43,781 | €28,439 | €14,137 | €197 | ▼ 98.6% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €120,221 | €46,886 | €814,452 | €91,095 | €6,615 | ▼ 92.7% |
| Stocks and contracts in progress3 | €11,712 | €5,181 | €2,500 | €2,106 | €486 | ▼ 76.9% |
| Stocks30/36 | €11,712 | €5,181 | €2,500 | €2,106 | €486 | ▼ 76.9% |
| Amounts receivable within one year40/41 | €1,935 | €6,219 | €12,873 | €23,432 | €39 | ▼ 99.8% |
| Trade receivables40 | €1,935 | €1,216 | €0 | - | - | - |
| Other amounts receivable41 | €0 | €5,003 | €12,873 | €23,432 | €39 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €96,607 | €28,259 | €797,270 | €58,132 | €5,328 | ▼ 90.8% |
| Deferred charges and accrued income490/1 | €9,966 | €7,227 | €1,808 | €7,425 | €762 | ▼ 89.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.2m | €928,010 | €349,186 | €233,788 | ▼ 33.0% |
| Equity10/15 | -€3.1m | -€3.4m | -€3.7m | -€3.8m | -€283,081 | ▲ 92.6% |
| Contributions10/11 | €2.7m | €2.7m | €2.7m | €2.7m | €6.4m | ▲ 135% |
| Reserves13 | €31,594 | €31,594 | €31,594 | €31,594 | €31,594 | = |
| Non-distributable reserves130/1 | €7,437 | €7,437 | €0 | - | - | - |
| Reserves not available under the articles1311 | €7,437 | €7,437 | €0 | - | - | - |
| Distributable reserves133 | €24,157 | €24,157 | €31,594 | €31,594 | €31,594 | = |
| Profit (loss) carried forward14 | -€5.9m | -€6.1m | -€6.5m | -€6.6m | -€6.7m | ▼ 1.4% |
| Amounts payable17/49 | €5.5m | €5.5m | €4.7m | €4.2m | €516,869 | ▼ 87.7% |
| Amounts payable after more than one year17 | €650,000 | €650,000 | €590,000 | €495,000 | €450,000 | ▼ 9.1% |
| Other amounts payable178/9 | €650,000 | €650,000 | €590,000 | €495,000 | €450,000 | ▼ 9.1% |
| Amounts payable within one year42/48 | €4.8m | €4.9m | €4.1m | €3.7m | €66,659 | ▼ 98.2% |
| Trade debts44 | €27,754 | €6,601 | €29,665 | €1,573 | €7,776 | ▲ 394% |
| Suppliers440/4 | €27,754 | €6,601 | €29,665 | €1,573 | €7,776 | ▲ 394% |
| Taxes, remuneration and social security45 | €17,981 | €1,789 | €1,214 | €655 | €781 | ▲ 19.2% |
| Taxes450/3 | €3,587 | €174 | €691 | €655 | €781 | ▲ 19.2% |
| Remuneration and social security454/9 | €14,394 | €1,615 | €523 | €0 | - | - |
| Other amounts payable47/48 | €4.8m | €4.9m | €4.1m | €3.7m | €58,102 | ▼ 98.4% |
| Accrued charges and deferred income492/3 | €25,699 | €19,592 | €0 | - | €210 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€283,133 | -€253,954 | -€362,249 | -€93,315 | -€92,447 | ▲ 0.9% |
| + Depreciation and write-downs630 | €140,556 | €140,773 | €25,756 | €31,687 | €30,917 | ▼ 2.4% |
| Operating cash flow (approximation) | -€142,577 | -€113,181 | -€336,494 | -€61,627 | -€61,530 | ▲ 0.2% |
| Investment in fixed assets (approximation) | - | €0 | €2.0m | -€176,219 | €0 | ▲ 100% |
| Change in cash | - | -€68,348 | €769,011 | -€739,138 | -€52,804 | ▲ 92.9% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
NBB filing
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1987
Ground area
1,895 m²
Building footprint
290 m²
Volume, LiDAR
1,480 m³
Parcel 34010B0254/00N002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DUCAN
since 19872.033.774.452
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010B0254/00N002 | Flanders | 1,894 m² | 1 · 289 m² | 9.1 m · 2 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,705 companies in this sector we hold annual accounts for 628. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded11-01-1987
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
47750Retail sale of cosmetics and toilet articles
70200Business and other management consultancy
96210Hairdressing and barber services
96220Beauty care and other beauty treatments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430096614
Also
0208:430096614
Also
9925:BE0430096614
Also
9925:BE430096614
Registered
29-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.