DUCARDIS
ActiveSummary
DUCARDIS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €878k and a net result of €609k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 46% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+6
Solvency58▲+2
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.28 in 2024; short-term debt: 65.4% and cash: 34.3% of total assets), and 66.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.4%
Return on assets
23.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €878k
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 11-07-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
47 d early
2023
46 d early
2022
39 d early
2021
41 d early
2020
37 d early
2019
24 d early
← 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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€609k▲ 39.4%
2024 · €437k
Working capital
€651k▲ 46.9%
2024 · €443k
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€525k▼ 35.5%€350k▼ 33.3%€700k▲ 99.9%€603k▼ 13.8%€838k▲ 39.0%
Net result€375k▼ 36.3%€246k▼ 34.5%€495k▲ 101%€437k▼ 11.8%€609k▲ 39.4%
Equity€676k▼ 43.4%€676k=€680k▲ 0.6%€715k▲ 5.2%€878k▲ 22.7%
Total assets€2.93M▼ 9.9%€2.19M▼ 25.3%€2.38M▲ 8.8%€2.32M▼ 2.8%€2.63M▲ 13.5%
Debt€2.25M▲ 9.5%€1.51M▼ 32.9%€1.70M▲ 12.5%€1.60M▼ 6.0%€1.75M▲ 9.4%
Working capital€131k▼ 82.3%€214k▲ 64.0%€341k▲ 59.2%€443k▲ 29.9%€651k▲ 46.9%
Staff (FTE)13.7▼ 9.9%15.8▲ 15.3%17.8▲ 12.7%16.6▼ 6.7%17.9▲ 7.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.63M
Fixed assets
€260k ▼ 12.5%
Current assets
€2.37M ▲ 17.3%
Equity and liabilities €2.63M
Equity
€878k ▲ 22.7%
Debt
€1.75M ▲ 9.4%
Debt's share of the balance-sheet total falls from 69.1% to 66.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€876k▲
2024 · €714k
Cash flow
€647k▲
2024 · €548k
Current ratio
1.38▲
2024 · 1.28
Quick ratio
0.93▲
2024 · 0.83
Debt to equity
1.99▼
2024 · 2.24
ROE
69.4%▲
2024 · 61.1%
ROA
23.2%▲
2024 · 18.9%
Interest coverage
41.39▲
2024 · 34.10
Debt ≤ 1 year
€1.72M▲
2024 · €1.58M
Income taxes
€219k▲
2024 · €147k
Staff costs
€590k▲
2024 · €521k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €406k | €490k | €545k | €521k | €590k | ▲ 13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €136k | €137k | €126k | €111k | €38k | ▼ 65.6% |
| Other operating charges640/8 | €3k | €3k | €4k | €3k | €5k | ▲ 72.4% |
| Non-recurring operating charges66A | €19k | - | - | - | - | - |
| Gross operating margin9900 | €1.09M | €980k | €1.37M | €1.24M | €1.47M | ▲ 18.8% |
| Operating profit (loss)9901 | €525k | €350k | €700k | €603k | €838k | ▲ 39.0% |
| Financial income75/76B | €2k | €2k | €657 | €2k | €11k | ▲ 443% |
| Recurring financial income75 | €2k | €2k | €657 | €2k | €11k | ▲ 443% |
| Financial charges65/66B | €24k | €21k | €25k | €21k | €21k | ▲ 1.1% |
| Recurring financial charges65 | €24k | €21k | €25k | €21k | €21k | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | €502k | €330k | €675k | €584k | €828k | ▲ 41.8% |
| Income taxes67/77 | €127k | €84k | €180k | €147k | €219k | ▲ 49.0% |
| Profit (loss) for the period9904 | €375k | €246k | €495k | €437k | €609k | ▲ 39.4% |
| Profit (loss) for the period to be appropriated9905 | €375k | €246k | €495k | €437k | €609k | ▲ 39.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.93M | €2.19M | €2.38M | €2.32M | €2.63M | ▲ 13.5% |
| Fixed assets21/28 | €613k | €482k | €362k | €297k | €260k | ▼ 12.5% |
| Tangible fixed assets22/27 | €463k | €332k | €211k | €147k | €110k | ▼ 25.2% |
| Plant, machinery and equipment23 | €127k | €76k | €38k | €10k | €8k | ▼ 26.2% |
| Furniture and vehicles24 | - | - | €3k | €2k | €351 | ▼ 78.8% |
| Other tangible fixed assets26 | €336k | €256k | €171k | €135k | €102k | ▼ 24.5% |
| Financial fixed assets28 | €150k | €150k | €150k | €150k | €150k | = |
| Current assets29/58 | €2.32M | €1.71M | €2.02M | €2.02M | €2.37M | ▲ 17.3% |
| Stocks and contracts in progress3 | €622k | €618k | €720k | €717k | €764k | ▲ 6.7% |
| Stocks30/36 | €622k | €618k | €720k | €717k | €764k | ▲ 6.7% |
| Amounts receivable within one year40/41 | €1.26M | €757k | €493k | €774k | €696k | ▼ 10.0% |
| Trade receivables40 | €177k | €215k | €165k | €147k | €161k | ▲ 8.9% |
| Other amounts receivable41 | €1.09M | €542k | €328k | €626k | €536k | ▼ 14.4% |
| Cash at bank and in hand54/58 | €428k | €312k | €804k | €528k | €902k | ▲ 70.8% |
| Deferred charges and accrued income490/1 | €5k | €20k | €4k | - | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.93M | €2.19M | €2.38M | €2.32M | €2.63M | ▲ 13.5% |
| Equity10/15 | €676k | €676k | €680k | €715k | €878k | ▲ 22.7% |
| Contributions10/11 | €223k | €223k | €246k | €246k | €246k | = |
| Capital10 | €223k | €223k | - | - | - | - |
| Issued capital100 | €223k | €223k | - | - | - | - |
| Reserves13 | €452k | €452k | €430k | €430k | €430k | = |
| Non-distributable reserves130/1 | €22k | €22k | - | - | - | - |
| Legal reserve130 | €22k | €22k | - | - | - | - |
| Distributable reserves133 | €430k | €430k | €430k | €430k | €430k | = |
| Profit (loss) carried forward14 | €407 | €741 | €5k | €40k | €202k | ▲ 407% |
| Amounts payable17/49 | €2.25M | €1.51M | €1.70M | €1.60M | €1.75M | ▲ 9.4% |
| Amounts payable after more than one year17 | €48k | - | - | - | - | - |
| Financial debts170/4 | €48k | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.19M | €1.49M | €1.68M | €1.58M | €1.72M | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | €228k | €56k | €8k | - | - | - |
| Financial debts43 | €30k | €30k | - | - | - | - |
| Credit institutions430/8 | €30k | €30k | - | - | - | - |
| Trade debts44 | €967k | €973k | €1.11M | €1.11M | €1.19M | ▲ 7.1% |
| Suppliers440/4 | €967k | €973k | €1.11M | €1.11M | €1.19M | ▲ 7.1% |
| Taxes, remuneration and social security45 | €69k | €89k | €74k | €63k | €81k | ▲ 28.8% |
| Taxes450/3 | €27k | €27k | €11k | €716 | €7k | ▲ 829% |
| Remuneration and social security454/9 | €42k | €62k | €63k | €62k | €74k | ▲ 19.5% |
| Other amounts payable47/48 | €893k | €346k | €491k | €402k | €446k | ▲ 11.1% |
| Accrued charges and deferred income492/3 | €20k | €19k | €22k | €24k | €32k | ▲ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €375k | €246k | €495k | €437k | €609k | ▲ 39.4% |
| + Depreciation and write-downs630 | €136k | €137k | €126k | €111k | €38k | ▼ 65.6% |
| Operating cash flow (approximation) | €511k | €383k | €622k | €548k | €647k | ▲ 18.1% |
| Investment in fixed assets (approximation) | - | €-5k | €-6k | €-46k | €-1k | ▲ 97.4% |
| Change in cash | - | €-116k | €492k | €-276k | €374k | ▲ 236% |
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
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €609k ▲39.4%
Operating result €838k, net result €609k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €246k ▼34.5%
Net result drops to €246k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €1MEq €1.19M ▲27.1%
3 profitable years in a row build equity to €1.19M.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
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 2 acts read
About the unread acts
We know of 2 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
2 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, Péruwelz · 1 establishment unit since 2005
Ground area
6,914 m²
Building footprint
1,901 m²
Volume, LiDAR
592 m³
2 parcels, Wallonia · tallest building 5.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DUCARDIS
since 20052.145.131.937
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55035D0608/00T000 | Wallonia | 6,494 m² | 1 · 1,791 m² | - |
| 57011D1081/00T000 | Wallonia | 420 m² | 1 · 110 m² | 5.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLe Roeulx2.145.131.937
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,848. 2,401 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-02-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
47260
47783
Scores and ratios are computed by Checked and are not a credit decision.