Equity
€5.1m from €24.3m in 2011
Equity fell by 79% in 4 years.
DUCATT
Overview
Lifetime
5 annual accounts with figures on one time axispeak €26.1m (2015)
€26.1m▲ 85.8%
lowest -€24.6m (2013)
-€14.0m▲ €3.7m
peak €24.3m (2011)
€5.1m▼ 43.3%
€41.1m▲ 3.2%
peak 154.6 FTE (2015)
154.6 FTE▲ 8.5%
Owners7 names in the annual accountsall names
4.5%VERCUNDUS and 2 others
Documentsfilings and deeds
24-06-201637 days before the deadline
2015financial year
Turnover from €14.1m to €26.1mLoss of €14.0mStaff from 142.5 FTE to 154.6 FTEEquity from €9.1m to €5.1mCash from €830,099 to €2.1m
Key points
from the 2015 annual accounts, the last ones filedDebts
€41.1m 88% of the balance sheet
Financial debts 77%Suppliers 11%Taxes and wages 8%Other 4%
€29.6m of the debts are secured on the company's own assets. In 2011 that was €12.4m.
Filings
5 annual accounts 2 late
The 2013 accounts came latest: 26 days after the end of the period.
No score
Recent changes
Bankruptcy closure (by liquidation)
Enterprise Court of Antwerp, Hasselt division · judgment of 13-01-2022 · Bankruptcy
Bankruptcy published
Commercial Court of Antwerp, Hasselt division · judgment of 23-05-2017 · Bankruptcy
Deed on capital and restructuring
Capital €12,396,153, annual accounts 2011 · Gazette deed
Incorporation
20 publications in the Belgian Official Gazette, the last on 24-12-2015 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 29-11-2010 · bankruptcy closed on 13-01-2022
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2015
- €26.1m▲ 85.8%
- €14.0m▼ 20.8%
- €5.1m▼ 43.3%
- €46.6m▼ 5.4%
- 154.6 FTE▲ 8.5%
- Filing
- Filed on 24-06-2016
Insights on DUCATT
Equity fell from €24.3m in 2011 to €5.1m in 2015, while debts rose from €19.2m to €41.1m.
On 23 May 2017 the court declared DUCATT bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2015
full format, filed on 24-06-2016, 37 days before the deadline€26.1m
▲ 85.8%
-€16.0m
▲ €2.9m
-€10.8m
▲ €3.2m
-€8.8m
▲ €4.0m
11.0%
▼ 7.4 percentage points
1.00
▲ 0.06
Money flows
of every €100 of turnover, €53.48 was lost in 2015Balance sheet
balance sheet total €46.6m on 31-12-2015What the company ownsHow it is paid for
in €m
in €m
Staff
Men and women
Not in that year's accounts.
€66,950
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
46.6m | 49.2m | 44.2m | 51.4m | 44.0m | |
21/28 |
- | 40.6m | - | - | - | |
21 |
278,863 | 252,788 | - | - | - | |
22/27 |
36.2m | 40.3m | 39.3m | 42.9m | 31.4m | |
22 |
4.3m | 4.8m | 4.9m | 4.5m | 624,180 | |
23 |
14.4m | 14.1m | 13.8m | 14.5m | 67,922 | |
24 |
359,668 | 383,167 | 291,210 | 322,521 | 38,038 | |
25 |
16.6m | - | 20.1m | 22.8m | - | |
27 |
497,262 | 1.9m | 124,610 | 730,208 | 30.7m | |
29/58 |
10.1m | 8.7m | 5.0m | 8.5m | 12.5m | |
3 |
2.6m | 3.5m | 2.5m | 1.2m | 553,568 | |
30/36 |
2.6m | 3.5m | 2.5m | 1.2m | 553,568 | |
30/31 |
1.3m | 1.0m | 780,102 | 701,221 | 474,243 | |
32 |
527,056 | 1.4m | 910,113 | 249,674 | 79,325 | |
33 |
810,063 | 1.1m | 797,379 | 214,894 | - | |
40/41 |
5.2m | 4.2m | 1.8m | 3.0m | 2.3m | |
40 |
2.9m | 1.5m | 1.1m | 939,358 | 94,458 | |
41 |
2.3m | 2.6m | 721,086 | 2.0m | 2.2m | |
54/58 |
2.1m | 830,099 | 497,928 | 4.2m | 9.6m | |
490/1 |
197,887 | 181,729 | 229,302 | 202,774 | 59,676 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
46.6m | 49.2m | 44.2m | 51.4m | 44.0m | |
10/15 |
5.1m | 9.1m | 11.1m | 9.9m | 24.3m | |
10/11 |
- | 73.3m | - | - | - | |
10 |
83.5m | - | 57.5m | 31.4m | 12.4m | |
100 |
83.5m | 73.4m | 57.5m | 31.4m | 12.4m | |
101 |
- | 112,500 | - | - | 38,000 | |
11 |
- | - | - | - | 19.0m | |
13 |
491,592 | 491,592 | 491,592 | 491,592 | 491,592 | |
130 |
491,592 | 491,592 | 491,592 | 491,592 | 491,592 | |
14 |
-80.3m | -66.3m | -48.6m | -24.0m | -9.6m | |
15 |
1.4m | 1.6m | 1.7m | 2.0m | 2.0m | |
16 |
394,336 | 394,336 | 396,830 | 398,122 | 401,667 | |
160/5 |
394,336 | 394,336 | 394,336 | 392,083 | 392,083 | |
164/5 |
- | 394,336 | - | - | - | |
168 |
- | - | 2,494 | 6,039 | 9,584 | |
17/49 |
41.1m | 39.8m | 32.7m | 41.1m | 19.2m | |
17 |
29.2m | 28.6m | 17.3m | 29.3m | 11.8m | |
170/4 |
29.2m | 28.6m | 17.3m | 29.3m | 11.8m | |
170 |
- | - | 2.5m | 10.0m | - | |
172 |
14.8m | 14.8m | 10.9m | 14.0m | - | |
173 |
10.9m | 10.9m | 3.8m | 5.2m | 11.8m | |
174 |
3.4m | 2.9m | - | - | - | |
42/48 |
10.1m | 9.3m | 15.5m | 11.5m | 7.5m | |
42 |
- | - | 5.0m | 4.8m | 618,928 | |
43 |
2.5m | 2.4m | 6.3m | 1.9m | - | |
430/8 |
2.5m | 2.4m | 6.3m | 1.9m | - | |
44 |
4.5m | 3.4m | 2.2m | 3.2m | 5.1m | |
440/4 |
4.5m | 3.4m | 2.2m | 3.2m | 5.1m | |
45 |
3.2m | 3.4m | 2.0m | 1.6m | 1.7m | |
450/3 |
448,114 | 263,278 | 620,500 | 636,997 | 536,038 | |
454/9 |
2.7m | 3.2m | 1.4m | 925,196 | 1.2m | |
492/3 |
1.8m | 1.9m | 18,312 | 284,060 | 24,328 | |
| Income statement | ||||||
70/76A |
- | 17.3m | - | - | - | |
70 |
26.1m | 14.1m | 5.7m | 6.2m | 16.6m | |
71 |
-1.1m | 774,874 | 1.2m | 385,244 | 46,212 | |
72 |
47,443 | 18,744 | 24,870 | 28,649 | 32,313 | |
74 |
1.3m | - | 529,354 | 716,899 | 783,468 | |
76A |
- | 2.6m | - | - | - | |
60/66A |
- | 36.2m | - | - | - | |
60 |
7.2m | 9.6m | 5.0m | 4.5m | 5.4m | |
600/8 |
7.5m | 8.1m | 5.0m | 4.6m | 5.4m | |
609 |
-262,646 | 1.5m | -14,241 | -130,948 | -2,324 | |
61 |
19.1m | 13.1m | 7.7m | 6.0m | 5.3m | |
62 |
10.4m | 9.7m | 7.3m | 6.7m | 7.9m | |
630 |
5.2m | 4.9m | 6.4m | 3.2m | 893,995 | |
631/4 |
41,024 | -2.0m | 549,980 | 25,379 | 448,034 | |
640/8 |
445,234 | 937,407 | 337,063 | 312,866 | 557,233 | |
66A |
- | 85,720 | - | - | - | |
9901 |
-16.0m | -18.9m | -19.8m | -13.4m | -3.0m | |
75/76B |
- | 205,126 | - | - | - | |
75 |
200,262 | 205,126 | 359,659 | 26,976 | 106,582 | |
751 |
259 | 276 | 67,054 | 16,133 | 88,922 | |
752/9 |
200,003 | 204,850 | 292,605 | 10,843 | 17,660 | |
65/66B |
- | 1.5m | - | - | - | |
65 |
1.3m | 1.5m | 5.2m | 1.1m | 52,311 | |
650 |
1.3m | 1.4m | 3.3m | 1.1m | 52,285 | |
651 |
- | - | 1.9m | - | - | |
652/9 |
3,279 | 92,950 | 20,090 | 470 | 26 | |
9903 |
-14.0m | -17.7m | -24.6m | -14.5m | -4.0m | |
780 |
- | - | 3,545 | 3,545 | 9,070 | |
67/77 |
1,205 | -4,229 | -12,111 | 4,290 | 12,368 | |
670/3 |
1,205 | 61 | 257 | 4,290 | 12,368 | |
77 |
- | 4,290 | 12,368 | - | - | |
9904 |
-14.0m | -17.7m | -24.6m | -14.5m | -4.0m | |
9905 |
-14.0m | -17.7m | -24.6m | -14.5m | -4.0m | |
| Appropriation of the result | ||||||
9906 |
-80.3m | -66.3m | -48.6m | -24.0m | -4.0m | |
14P |
-66.3m | - | -24.0m | -9.6m | - | |
| Social balance sheet | ||||||
9087 |
154.6 | 142.5 | 110.7 | 96.2 | 93.1 | |
Men (FTE)1003 |
- | 135 | - | - | - | |
Women (FTE)1003 |
- | 7.5 | - | - | - | |
Agency workers1501 |
- | 17.6 | - | - | - | |
Hours worked1013 |
- | 218,044 | - | - | - | |
| Document | ||||||
The notes to these accounts have 73 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2015 (PDF), filed on 24-06-2016.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2015 | full format | 24-06-2016 | 2016-22100408 | |
| 31-12-2014 | full format | 06-08-2015 | 2015-40200586 | |
| 31-12-2013 | full format | 26-08-2014 | 2014-46800451 | |
| 31-12-2012 | full format | 29-07-2013 | 2013-36000082 | |
| 31-12-2011 | full format | 29-06-2012 | 2012-24400268 |
Subsidies and aid
European Union 1 project, €406,248 EU contribution
Projects
- LARGE AREA FLUIDIC WINDOWSHorizon 2020, participant, 01-01-2015 to 31-12-2017, €406,248, LaWin
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|
| -10.8m | -14.0m | -13.4m | -10.2m | -2.1m | ||
| -8.8m | -12.8m | -18.2m | -11.3m | -3.1m | ||
| 1.1m | 3.6m | 2.7m | 14.6m | 75.4m | ||
| 1.2m | 332,171 | -3.7m | -5.5m | - | ||
| 14,791 | -583,598 | -10.5m | -3.0m | 5.1m | ||
| -61.1% | - | - | - | -17.9% | ||
| 11.0% | 18.4% | 25.1% | 19.3% | 55.3% | ||
| 1.00 | 0.94 | 0.32 | 0.74 | 1.68 | ||
| 0.74 | 0.56 | 0.16 | 0.64 | 1.61 | ||
| 7.98 | 4.38 | 2.95 | 4.15 | 0.79 | ||
| -271.8% | -194.5% | -221.5% | -146.4% | -16.5% | ||
| -30.0% | -35.9% | -55.6% | -28.2% | -9.1% | ||
| -8.17 | -9.77 | -4.12 | -9.22 | -39.84 | ||
| 41 days | 39 days | 68 days | 56 days | 2 days | ||
| 62 days | 55 days | 63 days | 113 days | 175 days |
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.
Securities and guarantees
on own assets and for others| Item | 2015 | 2013 | 2012 | 2011 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €29.6m | €26.0m | €34.0m | €12.4m |
Source: notes to the 2011 to 2015 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2015 | 2013 | 2012 | 2011 |
|---|---|---|---|---|
| Tangible fixed assets | €1.1m | €2.7m | €14.6m | €75.4m |
| €5.2m | €6.4m | €3.2m | €893,995 |
Source: notes to the 2011 to 2015 annual accounts (statement of fixed assets)
Auditor
fees| Item | 2015 | 2013 | 2012 | 2011 |
|---|---|---|---|---|
| Fee for the audit | €23,450 | €23,230 | €22,000 | €22,000 |
Source: notes to the 2011 to 2015 annual accounts (relations with the auditor)
Insights on DUCATT
The operating result for 2015 is a loss of €16.0m, smaller than the loss of €18.9m in 2014.
Debt's share of the balance-sheet total rises from 80.8% to 88.1%. Equity is lower and debt is higher.
Board & ownership
Curators
3 mandatesCurator, Luikersteenweg 187, 3500 Hasselt
from 23-05-2017 to 13-01-2022
Also on 172 other cases
Curator, Luikersteenweg 187, 3500 Hasselt
from 23-05-2017 to 13-01-2022
Also on 172 other cases
Curator, Luikersteenweg 187, 3500 Hasselt
from 23-05-2017 to 13-01-2022
Also on 172 other cases
Control
Capital
- Capital
- €83,543,053
- Source
- 2015 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- VERCUNDUS
- DR. IR. U. VANDEURZEN MANAGEMENT FIRM
- LIMBURGSE RECONVERSIE MAATSCHAPPIJ
- ARO
- Participatiemaatschappij Vlaanderen
- CAPRICORN CLEANTECH FUND
- arsiCO
Source: lists of holdings in the owners' accounts
Timeline
Timeline
10 events since 2010Capital
Filings
Financial
Insolvency
201020122014201620182020202220242026
2022
Bankruptcy closure (by liquidation) Enterprise Court of Antwerp, Hasselt division · judgment of 13-01-2022
2017
Bankruptcy published Commercial Court of Antwerp, Hasselt division · judgment of 23-05-2017
2016
Annual accounts 2015 filed PDFfull format · 37 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 6 days late
2014
Annual accounts 2013 filed PDFfull format · 26 days late
2013
Weakest financial year net -€24.6m The net result drops to -€24.6m, the lowest from 2011 to 2015.
Annual accounts 2012 filed PDFfull format · 2 days before the deadline
2012
Annual accounts 2011 filed PDFfull format · 32 days before the deadline
2011
Deed on capital and restructuring Capital €12,396,153, annual accounts 2011
2010
Incorporation PDF20 publications in the Belgian Official Gazette, the last on 24-12-2015
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
DUCATT is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2015
- Last registered office
- Balendijk 161, 3920 Lommelas published on 24 December 2015
- Legal form
- Public limited company
- First annual accounts
- financial year 2011