DUCCAT (0806.198.276): financials and annual accounts

DUCCAT

Wingene ·KBO/BCE: BE 0806.198.276

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	445,428	419,267	401,693	451,572	411,136	434,636	436,477	448,727	456,947	474,334	478,891	493,018	506,232	466,540	484,062	492,486	497,926
Fixed assets`21/28`	370,349	362,326	379,987	347,098	354,645	368,119	381,276	396,306	411,336	430,677	440,481	450,761	469,665	421,819	438,422	445,968	483,151
Tangible fixed assets`22/27`	370,349	362,326	379,987	347,098	354,645	368,119	381,276	396,306	411,336	430,677	440,481	450,761	469,665	421,819	438,422	445,968	483,151
Land and buildings`22`	339,899	355,121	370,537	333,584	345,576	357,568	369,560	381,553	393,545	405,537	407,990	419,347	430,703	375,310	384,365	393,419	423,844
Plant, machinery and equipment`23`	30,450	7,206	9,450	13,514	9,069	10,551	11,716	14,753	17,791	20,829	23,866	26,904	29,942	32,979	36,017	36,549	37,307
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	-	4,312	8,624	4,510	9,020	13,530	18,040	16,000	22,000
Current assets`29/58`	75,079	56,941	21,706	104,473	56,491	66,517	55,201	52,421	45,611	43,657	38,410	42,257	36,567	44,721	45,640	46,518	14,775
Stocks and contracts in progress`3`	-	-	1,347	251	4,085	1,747	1,436	-	-	-	-	-	-	-	-	-	140
Stocks`30/36`	-	-	1,347	251	4,085	1,747	1,436	-	-	-	-	-	-	-	-	-	140
Amounts receivable within one year`40/41`	-	3,551	3,864	34,529	33,715	49,492	47,724	47,418	35,211	38,169	38,091	41,646	36,354	44,105	43,648	42,004	12,103
Trade receivables`40`	-	1,828	2,572	-	5,621	19,318	18,165	17,194	21,448	37,925	38,091	41,032	35,549	43,037	43,648	42,004	11,215
Other amounts receivable`41`	-	1,723	1,292	34,529	28,094	30,173	29,559	30,224	13,763	244	-	614	805	1,068	-	-	888
Cash at bank and in hand`54/58`	75,079	53,390	16,496	60,694	11,690	9,278	1,041	2	4,600	5,488	319	611	213	616	1,992	4,514	2,532
Deferred charges and accrued income`490/1`	-	-	-	9,000	7,000	6,000	5,000	5,000	5,801	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	445,428	419,267	401,693	451,572	411,136	434,636	436,477	448,727	456,947	474,334	478,891	493,018	506,232	466,540	484,062	492,486	497,926
Equity`10/15`	176,365	129,986	101,059	87,599	84,032	75,134	65,513	59,864	63,939	58,761	34,039	7,399	-7,604	-14,218	-14,024	6,422	14,143
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Reserves`13`	112,026	65,647	36,720	23,360	19,860	11,860	6,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	112,026	65,647	36,720	21,500	18,000	10,000	5,000	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	45,739	45,739	45,739	45,639	45,572	44,674	40,053	39,404	43,479	38,301	13,579	-11,201	-26,204	-32,818	-32,624	-12,178	-4,457
Amounts payable`17/49`	269,062	289,281	300,634	363,973	327,103	359,502	370,964	388,863	393,008	415,573	444,851	485,618	513,836	480,758	498,086	486,064	483,783
Amounts payable after more than one year`17`	212,975	236,959	258,595	312,891	283,043	303,652	313,688	339,522	359,174	377,762	387,531	399,509	410,887	421,697	441,438	454,342	458,588
Financial debts`170/4`	212,975	236,959	258,595	312,891	283,043	303,652	313,688	339,522	359,174	377,762	387,531	399,509	410,887	421,697	441,438	454,342	458,588
Amounts payable within one year`42/48`	56,088	50,675	42,039	51,081	43,086	55,850	57,276	49,294	33,834	32,553	57,320	86,110	102,949	59,061	56,648	31,722	25,195
Current portion of amounts payable after more than one year`42`	23,984	33,126	30,415	30,151	25,511	24,129	25,250	19,366	18,463	17,940	11,978	11,379	10,810	10,269	12,904	12,246	11,622
Financial debts`43`	-	-	-	-	-	-	-	4,251	-	-	-	-	-	-	-	-	12
Credit institutions`430/8`	-	-	-	-	-	-	-	4,251	-	-	-	-	-	-	-	-	12
Trade debts`44`	3,677	1,225	2,022	6,867	797	1,395	2,053	465	2,426	2,221	657	2,312	1,905	6,665	-	2,374	12,850
Suppliers`440/4`	3,677	1,225	2,022	6,867	797	1,395	2,053	465	2,426	2,221	657	2,312	1,905	6,665	-	2,374	12,850
Advances received on contracts in progress`46`	-	-	-	11,525	-	7,260	6,050	-	-	-	-	-	384	-	-	-	-
Taxes, remuneration and social security`45`	14,238	6,616	9,602	2,538	5,254	6,203	6,315	2,760	1,420	866	1,611	1,046	3,088	4,032	32,668	1,287	711
Taxes`450/3`	12,238	2,616	9,602	2,538	5,254	6,203	6,315	2,260	1,420	866	1,611	1,046	3,088	4,032	29,256	1,287	711
Remuneration and social security`454/9`	2,000	4,000	-	-	-	-	-	500	-	-	-	-	-	-	3,412	-	-
Other amounts payable`47/48`	14,188	9,707	-	-	11,525	16,863	17,608	22,452	11,525	11,525	43,075	71,373	86,762	38,095	11,076	15,815	-
Accrued charges and deferred income`492/3`	-	1,647	-	-	975	-	-	46	-	5,258	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	1,780	-	-	-	-	-	-	-	-	7,197	-	-	-	-	-	-
Gross operating margin`9900`	103,656	66,731	46,603	26,953	34,044	38,136	42,803	38,752	41,559	59,904	57,001	55,538	48,936	40,410	29,391	60,927	30,379
Remuneration, social security and pensions`62`	-	-	2,894	2,112	2,288	2,032	1,920	2,568	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	20,165	17,661	18,473	16,298	15,527	15,131	15,030	15,030	15,030	19,342	18,706	18,904	18,904	16,603	22,602	43,182	23,367
Other operating charges`640/8`	1,252	1,705	1,674	1,257	1,658	1,593	1,640	2,339	1,654	1,856	1,666	1,661	2,609	1,608	3,615	1,783	1,829
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,388	-	50
Operating profit (loss)`9901`	82,239	47,365	23,562	7,286	14,570	19,379	24,213	18,816	24,875	38,706	36,629	34,973	27,423	22,199	3,174	15,962	5,183
Financial income`75/76B`	179	33	296	393	329	345	179	0	654	75	0	0	19	12	907	14	252
Recurring financial income`75`	179	33	296	393	329	345	179	0	654	75	0	0	19	12	907	14	252
Financial charges`65/66B`	10,205	6,671	3,619	1,591	2,110	2,590	7,795	12,751	12,973	12,579	16,788	19,970	20,828	22,405	21,139	23,701	9,838
Recurring financial charges`65`	10,205	6,671	3,619	1,591	2,110	2,590	7,795	12,751	12,973	12,579	16,788	19,970	20,828	22,405	21,139	23,701	9,838
Profit (loss) for the period before taxes`9903`	72,213	40,726	20,239	6,087	12,789	17,134	16,597	6,065	12,557	26,202	27,038	15,003	6,614	-194	-20,446	-7,725	-4,453
Income taxes`67/77`	20,834	11,799	6,779	2,520	3,891	7,514	10,947	10,141	7,379	1,480	398	0	-	-	-	-4	4
Profit (loss) for the period`9904`	51,379	28,927	13,460	3,567	8,898	9,621	5,650	-4,076	5,178	24,722	26,640	15,003	6,614	-194	-20,446	-7,721	-4,457
Profit (loss) for the period to be appropriated`9905`	51,379	28,927	13,460	3,567	8,898	9,621	5,650	-4,076	5,178	24,722	26,640	15,003	6,614	-194	-20,446	-7,721	-4,457
Appropriation of the result
Profit (loss) to be appropriated`9906`	97,118	74,666	59,099	49,139	53,572	49,674	45,053	39,404	43,479	38,301	15,439	-11,201	-26,204	-32,818	-32,624	-12,178	-4,457
Profit (loss) brought forward from the previous period`14P`	45,739	45,739	45,639	45,572	44,674	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	51,379	28,927	13,360	3,500	8,000	5,000	5,000	-	-	-	1,860	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	1,860	-	-	-	-	-	-
To other reserves`6921`	51,379	28,927	13,360	3,500	8,000	5,000	5,000	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	30-06-2026	2026-00238160	PDF
31-12-2024	micro format	01-08-2025	2025-00356585	PDF
31-12-2023	micro format	26-08-2024	2024-00367992	PDF
31-12-2022	micro format	06-07-2023	2023-00209745	PDF
31-12-2021	micro format	27-06-2022	2022-20094597	PDF
31-12-2020	micro format	28-06-2021	2021-28200102	PDF
31-12-2019	micro format	29-06-2020	2020-22100134	PDF
31-12-2018	micro format	01-07-2019	2019-26700200	PDF
31-12-2017	micro format	02-07-2018	2018-26400356	PDF
31-12-2016	micro format	26-06-2017	2017-21000354	PDF
31-12-2015	abbreviated format	27-06-2016	2016-24300311	PDF
31-12-2014	abbreviated format	02-07-2015	2015-27300043	PDF
31-12-2013	abbreviated format	16-07-2014	2014-31200058	PDF
31-12-2012	abbreviated format	30-08-2013	2013-55300270	PDF
31-12-2011	abbreviated format	26-07-2012	2012-36500142	PDF
31-12-2010	abbreviated format	12-07-2011	2011-28200524	PDF
31-12-2009	abbreviated format	19-10-2010	2010-58000210	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
EBITDA	102,404	65,026	42,035	23,583	30,098	34,511	39,243	33,846	39,905	58,048	55,335	53,877	46,327	38,802	25,776	59,144	28,550
Cash flow	71,544	46,588	31,933	19,865	24,425	24,752	20,679	10,954	20,208	44,064	45,346	33,907	25,518	16,409	2,156	35,461	18,910
Investment in fixed assets (approximation)	28,188	0	51,362	8,751	2,053	1,974	0	0	-4,312	9,539	12,936	-0	66,750	0	25,056	5,999	506,518
Change in cash	21,689	36,894	-44,198	49,004	2,413	8,237	1,039	-4,597	-888	5,169	-292	398	-403	-1,376	-2,522	1,982	-
Working capital	18,991	6,266	-20,333	53,392	13,404	10,667	-2,075	3,127	11,777	11,104	-18,910	-43,852	-66,382	-14,340	-11,008	14,796	-10,420
Solvency	39.6%	31.0%	25.2%	19.4%	20.4%	17.3%	15.0%	13.3%	14.0%	12.4%	7.1%	1.5%	-1.5%	-3.0%	-2.9%	1.3%	2.8%
Current ratio	1.34	1.12	0.52	2.05	1.31	1.19	0.96	1.06	1.35	1.34	0.67	0.49	0.36	0.76	0.81	1.47	0.59
Quick ratio	1.34	1.12	0.48	2.04	1.22	1.16	0.94	1.06	1.35	1.34	0.67	0.49	0.36	0.76	0.81	1.47	0.58
Debt to equity	1.53	2.23	2.97	4.15	3.89	4.78	5.66	6.50	6.15	7.07	13.07	65.63	-	-	-	75.69	34.21
ROE	29.1%	22.3%	13.3%	4.1%	10.6%	12.8%	8.6%	-6.8%	8.1%	42.1%	78.3%	202.8%	-	-	-	-120.2%	-31.5%
ROA	11.5%	6.9%	3.4%	0.8%	2.2%	2.2%	1.3%	-0.9%	1.1%	5.2%	5.6%	3.0%	1.3%	0.0%	-4.2%	-1.6%	-0.9%
Interest coverage	10.03	9.75	11.61	14.82	14.27	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€28,188	-	€51,362	€8,751	€2,053
Depreciation and write-downs of the year	€20,165	€17,661	€18,473	€16,298	€15,527

DUCCAT

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency39.6%

Current ratio1.34

Return on assets11.5%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on DUCCAT

Next steps