Summary
DUCAVO 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 €54,043 and a net result of €10,597. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 2463 sector peers (fiscal year 2025). The company has been active since 1989 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.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
28 d early
2023
27 d early
2022
27 d early
2021
26 d early
2020
38 d early
2019
26 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 before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€54,043▲ 24.4%
2024 · €43,446
Net result
€10,597▲ 176%
2024 · €3,835
Total assets
€157,089▲ 3.3%
2024 · €152,097
Solvency
34.4%▲ 5.8pp
2024 · 28.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€34,816▲ 111%-€2,158€12,672€7,075▼ 44.2%€16,614▲ 135%
Net result€21,070within the sector's middle half▲ 155%-€4,765below the sector's middle half€7,201within the sector's middle half€3,835below the sector's middle half▼ 46.7%€10,597within the sector's middle half▲ 176%
Equity€37,174within the sector's middle half▲ 131%€32,409below the sector's middle half▼ 12.8%€39,611within the sector's middle half▲ 22.2%€43,446within the sector's middle half▲ 9.7%€54,043within the sector's middle half▲ 24.4%
Total assets€150,010within the sector's middle half▼ 22.9%€167,756within the sector's middle half▲ 11.8%€142,713within the sector's middle half▼ 14.9%€152,097within the sector's middle half▲ 6.6%€157,089within the sector's middle half▲ 3.3%
Debt€112,836▼ 36.8%€135,347▲ 20.0%€103,103▼ 23.8%€108,651▲ 5.4%€103,045▼ 5.2%
Working capital€6,813within the sector's middle half-€13,424below the sector's middle half€10,929within the sector's middle half€16,555within the sector's middle half▲ 51.5%€24,173within the sector's middle half▲ 46.0%
Solvency24.8%within the sector's middle half▲ 16.5pp19.3%below the sector's middle half▼ 5.5pp27.8%within the sector's middle half▲ 8.4pp28.6%within the sector's middle half▲ 0.8pp34.4%within the sector's middle half▲ 5.8pp
Current ratio1.06within the sector's middle half▲ 0.160.89below the sector's middle half▼ 0.171.11within the sector's middle half▲ 0.221.15within the sector's middle half▲ 0.051.23within the sector's middle half▲ 0.08
Return on assets (ROA)14.0%within the sector's middle half▲ 9.8pp-2.8%below the sector's middle half▼ 16.9pp5.0%within the sector's middle half▲ 7.9pp2.5%within the sector's middle half▼ 2.5pp6.7%within the sector's middle half▲ 4.2pp
Staff (FTE)3=3=3=3=3=
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 135% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157,089
Fixed assets
€29,870 ▲ 11.1%
Current assets
€127,219 ▲ 1.6%
Equity and liabilities €157,089
Equity
€54,043 ▲ 24.4%
Debt
€103,045 ▼ 5.2%
Debt's share of the balance-sheet total falls from 71.4% to 65.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
19.6%▲
2024 · 8.8%
Debt ≤ 1 year
€103,045▼
2024 · €108,651
Income taxes
€5,964▲
2024 · €3,401
Staff costs
€162,963▲
2024 · €159,772
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 | - | €2,178 | €2,026 | - | €4,800 | - |
| Remuneration, social security and pensions62 | €133,914 | €145,210 | €155,721 | €159,772 | €162,963 | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,016 | €5,948 | €1,955 | €1,791 | €1,821 | ▲ 1.7% |
| Other operating charges640/8 | €2,128 | €3,703 | €2,335 | €2,125 | €2,695 | ▲ 26.9% |
| Gross operating margin9900 | €174,874 | €152,704 | €172,684 | €170,762 | €184,093 | ▲ 7.8% |
| Operating profit (loss)9901 | €34,816 | -€2,158 | €12,672 | €7,075 | €16,614 | ▲ 135% |
| Financial income75/76B | - | - | €254 | €511 | €486 | ▼ 5.0% |
| Recurring financial income75 | - | - | €254 | €511 | €486 | ▼ 5.0% |
| Financial charges65/66B | €352 | €703 | €1,147 | €349 | €539 | ▲ 54.3% |
| Recurring financial charges65 | €352 | €703 | €1,147 | €349 | €539 | ▲ 54.3% |
| Profit (loss) for the period before taxes9903 | €34,464 | -€2,860 | €11,779 | €7,237 | €16,561 | ▲ 129% |
| Income taxes67/77 | €13,394 | €1,904 | €4,578 | €3,401 | €5,964 | ▲ 75.3% |
| Profit (loss) for the period9904 | €21,070 | -€4,765 | €7,201 | €3,835 | €10,597 | ▲ 176% |
| Profit (loss) for the period to be appropriated9905 | €21,070 | -€4,765 | €7,201 | €3,835 | €10,597 | ▲ 176% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150,010 | €167,756 | €142,713 | €152,097 | €157,089 | ▲ 3.3% |
| Fixed assets21/28 | €30,361 | €61,394 | €28,682 | €26,891 | €29,870 | ▲ 11.1% |
| Tangible fixed assets22/27 | €30,361 | €61,394 | €28,682 | €26,891 | €29,870 | ▲ 11.1% |
| Land and buildings22 | €25,887 | €25,842 | €25,797 | €25,753 | €25,708 | ▼ 0.2% |
| Plant, machinery and equipment23 | €2,925 | €3,452 | €2,238 | €1,025 | €493 | ▼ 51.9% |
| Furniture and vehicles24 | €1,549 | €32,100 | €646 | €113 | €3,669 | ▲ 3,138% |
| Current assets29/58 | €119,649 | €106,363 | €114,031 | €125,206 | €127,219 | ▲ 1.6% |
| Amounts receivable within one year40/41 | €8,064 | €26,185 | €17,970 | €32,147 | €26,354 | ▼ 18.0% |
| Trade receivables40 | €7,804 | €20,329 | €17,288 | €29,866 | €24,495 | ▼ 18.0% |
| Other amounts receivable41 | €260 | €5,856 | €682 | €2,281 | €1,859 | ▼ 18.5% |
| Cash at bank and in hand54/58 | €111,585 | €80,178 | €95,684 | €91,059 | €100,865 | ▲ 10.8% |
| Deferred charges and accrued income490/1 | - | - | €377 | €2,000 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150,010 | €167,756 | €142,713 | €152,097 | €157,089 | ▲ 3.3% |
| Equity10/15 | €37,174 | €32,409 | €39,611 | €43,446 | €54,043 | ▲ 24.4% |
| Contributions10/11 | €18,919 | €18,919 | €18,919 | €18,919 | €18,919 | = |
| Reserves13 | €18,255 | €18,255 | €20,692 | €24,527 | €35,124 | ▲ 43.2% |
| Distributable reserves133 | €18,255 | €18,255 | €20,692 | €24,527 | €35,124 | ▲ 43.2% |
| Profit (loss) carried forward14 | - | -€4,765 | - | - | - | - |
| Amounts payable17/49 | €112,836 | €135,347 | €103,103 | €108,651 | €103,045 | ▼ 5.2% |
| Amounts payable after more than one year17 | - | €15,560 | - | - | - | - |
| Financial debts170/4 | - | €15,560 | - | - | - | - |
| Amounts payable within one year42/48 | €112,836 | €119,787 | €103,103 | €108,651 | €103,045 | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | - | €9,489 | - | - | - | - |
| Financial debts43 | €1,672 | €1,667 | €1,689 | €1,690 | €1,682 | ▼ 0.5% |
| Other loans439 | €1,672 | €1,667 | €1,689 | €1,690 | €1,682 | ▼ 0.5% |
| Trade debts44 | €87,958 | €86,281 | €83,865 | €84,316 | €73,326 | ▼ 13.0% |
| Suppliers440/4 | €87,958 | €86,281 | €83,865 | €84,316 | €73,326 | ▼ 13.0% |
| Taxes, remuneration and social security45 | €23,206 | €22,350 | €17,549 | €18,139 | €19,582 | ▲ 8.0% |
| Taxes450/3 | €8,265 | €5,943 | €17,549 | €18,139 | €964 | ▼ 94.7% |
| Remuneration and social security454/9 | €14,941 | €16,407 | - | - | €18,618 | - |
| Other amounts payable47/48 | - | - | - | €4,505 | €8,455 | ▲ 87.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,070 | -€4,765 | €7,201 | €3,835 | €10,597 | ▲ 176% |
| + Depreciation and write-downs630 | €4,016 | €5,948 | €1,955 | €1,791 | €1,821 | ▲ 1.7% |
| Operating cash flow (approximation) | €25,086 | €1,184 | €9,156 | €5,626 | €12,418 | ▲ 121% |
| Investment in fixed assets (approximation) | - | -€36,981 | €30,757 | €0 | -€4,800 | - |
| Change in cash | - | -€31,407 | €15,506 | -€4,625 | €9,806 | ▲ 312% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7,201
Net result €7,201 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €21,070 ▲155%
Operating result €34,816, net result €21,070, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €8,267
Net result €8,267 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet -€7,326
Net result drops to -€7,326, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Waregem · 1 establishment unit since 1990
Ground area
612 m²
Building footprint
338 m²
Volume, LiDAR
2,084 m³
Parcel 34006A0428/00B002, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DUCAVO
since 19902.047.942.588
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0428/00B002 | Flanders | 612 m² | 1 · 338 m² | 10.4 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.
Similar companies · same sector, comparable size
Aerts Invest
BE 1003.831.323
Hasselt · Eq €54,152
DINCASSUR 2
BE 0788.168.550
Châtelet · Eq €53,829
DE GUNST - MORELLE
BE 0681.868.626
Schaarbeek · Eq €53,739
G. Dubois & C°
BE 0422.867.441
Zemst · Eq €54,372
SDV-Consult
BE 0762.659.035
Dalhem · Eq €54,382
Of 4,673 companies in sector 66220 we hold annual accounts for 3,222. 2,350 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
Founded06-11-1989
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440212526
Also
9925:BE0440212526
Registered
23-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.