Summary
DUCFIN 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 €564,949 and a net result of €94,962. Equity is growing by about 85% per year across the filed financial years. Its solvency ranks better than 58% of 3,040 sector peers (NACE 66, financial year 2025). The company has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€564,949▲ 20.2%
2024 · €469,988
Net result
€94,962▼ 30.9%
2024 · €137,524
Total assets
€969,360▲ 12.2%
2024 · €863,902
Solvency
58.3%▲ 3.9pp
2024 · 54.4%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 33% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€128,840
2025
Net result€94,962
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€969,360
2025
Equity€564,949
2025
Debt€404,411
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€280,649
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)9.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency58.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio7.12
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€27,136-€22,219▼ 18.1%€53,180▲ 139%€289,729▲ 445%€137,597▼ 52.5%€191,131▲ 38.9%€128,840▼ 32.6%
Net result€19,205-€15,228within the sector's middle half▼ 20.7%€35,834within the sector's middle half▲ 135%€218,897above the sector's middle half▲ 511%€101,431above the sector's middle half▼ 53.7%€137,524above the sector's middle half▲ 35.6%€94,962above the sector's middle half▼ 30.9%
Equity€21,072-€36,301within the sector's middle half▲ 72.3%€72,135within the sector's middle half▲ 98.7%€291,032within the sector's middle half▲ 303%€392,464above the sector's middle half▲ 34.9%€469,988above the sector's middle half▲ 19.8%€564,949above the sector's middle half▲ 20.2%
Total assets€56,999-€96,088below the sector's middle half▲ 68.6%€181,589within the sector's middle half▲ 89.0%€772,803above the sector's middle half▲ 326%€803,886above the sector's middle half▲ 4.0%€863,902above the sector's middle half▲ 7.5%€969,360above the sector's middle half▲ 12.2%
Debt€35,927-€59,787▲ 66.4%€109,454▲ 83.1%€481,770▲ 340%€411,422▼ 14.6%€393,915▼ 4.3%€404,411▲ 2.7%
Working capital€36,952-€56,451within the sector's middle half▲ 52.8%€135,055within the sector's middle half▲ 139%€125,254within the sector's middle half▼ 7.3%€191,614above the sector's middle half▲ 53.0%€234,083above the sector's middle half▲ 22.2%€280,649above the sector's middle half▲ 19.9%
Solvency37.0%-37.8%within the sector's middle half▲ 0.8pp39.7%within the sector's middle half▲ 1.9pp37.7%within the sector's middle half▼ 2.1pp48.8%within the sector's middle half▲ 11.2pp54.4%within the sector's middle half▲ 5.6pp58.3%within the sector's middle half▲ 3.9pp
Current ratio4.16-3.33within the sector's middle half▼ 0.835.10above the sector's middle half▲ 1.772.05within the sector's middle half▼ 3.055.20above the sector's middle half▲ 3.156.98above the sector's middle half▲ 1.787.12above the sector's middle half▲ 0.14
Return on assets (ROA)33.7%-15.8%within the sector's middle half▼ 17.8pp19.7%above the sector's middle half▲ 3.9pp28.3%above the sector's middle half▲ 8.6pp12.6%within the sector's middle half▼ 15.7pp15.9%within the sector's middle half▲ 3.3pp9.8%within the sector's middle half▼ 6.1pp
Staff (FTE)11=
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €969,360
Fixed assets
€642,828 ▲ 8.8%
Current assets
€326,532 ▲ 19.5%
Equity and liabilities €969,360
Equity
€564,949 ▲ 20.2%
Debt
€404,411 ▲ 2.7%
Debt's share of the balance-sheet total falls from 45.6% to 41.7%. Equity and debt are higher.
Key figures and ratios
ROE
16.8%▼
2024 · 29.3%
Debt ≤ 1 year
€45,883▲
2024 · €39,177
Debt > 1 year
€272,863▼
2024 · €296,275
Income taxes
€30,714▼
2024 · €47,367
Staff costs
€27,574▲
2024 · €4,039
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €4,039 | €27,574 | ▲ 583% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,987 | €3,491 | €6,011 | €15,549 | €37,480 | €31,329 | €34,604 | ▲ 10.5% |
| Other operating charges640/8 | - | - | - | €1,606 | €3,258 | €10,009 | €3,753 | ▼ 62.5% |
| Gross operating margin9900 | €30,354 | €26,981 | €61,986 | €306,884 | €178,335 | €236,509 | €194,772 | ▼ 17.6% |
| Operating profit (loss)9901 | €27,136 | €22,219 | €53,180 | €289,729 | €137,597 | €191,131 | €128,840 | ▼ 32.6% |
| Financial income75/76B | - | - | - | €90 | €26 | €56 | €2,697 | ▲ 49× |
| Recurring financial income75 | - | €0 | - | €90 | €26 | €56 | €2,697 | ▲ 49× |
| Financial charges65/66B | - | - | - | €3,163 | €6,616 | €6,296 | €5,861 | ▼ 6.9% |
| Recurring financial charges65 | €81 | €74 | €131 | €3,163 | €6,616 | €6,296 | €5,861 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €27,055 | €22,145 | €53,049 | €286,657 | €131,006 | €184,891 | €125,676 | ▼ 32.0% |
| Income taxes67/77 | €7,850 | €6,917 | €17,214 | €67,759 | €29,575 | €47,367 | €30,714 | ▼ 35.2% |
| Profit (loss) for the period9904 | €19,205 | €15,228 | €35,834 | €218,897 | €101,431 | €137,524 | €94,962 | ▼ 30.9% |
| Profit (loss) for the period to be appropriated9905 | €19,205 | €15,228 | €35,834 | €218,897 | €101,431 | €137,524 | €94,962 | ▼ 30.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €56,999 | €96,088 | €181,589 | €772,803 | €803,886 | €863,902 | €969,360 | ▲ 12.2% |
| Fixed assets21/28 | €8,368 | €15,417 | €13,565 | €528,263 | €566,613 | €590,642 | €642,828 | ▲ 8.8% |
| Tangible fixed assets22/27 | €7,948 | €14,997 | €13,045 | €527,743 | €566,193 | €590,442 | €642,628 | ▲ 8.8% |
| Land and buildings22 | - | - | - | €511,710 | €541,335 | €571,199 | €598,389 | ▲ 4.8% |
| Plant, machinery and equipment23 | - | - | - | €12,731 | €16,064 | €12,062 | €15,334 | ▲ 27.1% |
| Furniture and vehicles24 | - | - | - | €3,302 | €5,516 | €3,903 | €25,627 | ▲ 557% |
| Other tangible fixed assets26 | - | - | - | - | €3,278 | €3,278 | €3,278 | = |
| Financial fixed assets28 | €420 | €420 | €520 | €520 | €420 | €200 | €200 | = |
| Current assets29/58 | €48,631 | €80,671 | €168,024 | €244,540 | €237,273 | €273,260 | €326,532 | ▲ 19.5% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €155,000 | €187,810 | ▲ 21.2% |
| Other amounts receivable291 | - | - | - | - | - | €155,000 | €187,810 | ▲ 21.2% |
| Amounts receivable within one year40/41 | €629 | €2,375 | - | - | €38,342 | €13,601 | - | - |
| Trade receivables40 | - | - | - | - | €7,675 | €10,000 | - | - |
| Other amounts receivable41 | - | - | - | - | €30,666 | €3,601 | - | - |
| Cash at bank and in hand54/58 | €12,891 | €39,920 | €106,791 | €184,940 | €142,471 | €14,046 | €17,783 | ▲ 26.6% |
| Deferred charges and accrued income490/1 | - | - | - | €59,600 | €56,460 | €90,613 | €120,938 | ▲ 33.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €56,999 | €96,088 | €181,589 | €772,803 | €803,886 | €863,902 | €969,360 | ▲ 12.2% |
| Equity10/15 | €21,072 | €36,301 | €72,135 | €291,032 | €392,464 | €469,988 | €564,949 | ▲ 20.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €2,000 | €2,000 | = |
| Capital10 | - | - | - | €62,000 | - | - | - | - |
| Issued capital100 | - | - | - | €62,000 | - | - | - | - |
| Reserves13 | €33,806 | €33,806 | €33,806 | €33,806 | €33,806 | €33,806 | €33,806 | = |
| Non-distributable reserves130/1 | - | - | - | €33,806 | €27,606 | €27,606 | €27,606 | = |
| Legal reserve130 | - | - | - | €6,200 | - | - | - | - |
| Other1319 | - | - | - | €27,606 | €27,606 | €27,606 | €27,606 | = |
| Distributable reserves133 | - | - | - | - | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€74,734 | -€59,505 | -€23,671 | €195,227 | €296,658 | €434,182 | €529,143 | ▲ 21.9% |
| Amounts payable17/49 | €35,927 | €59,787 | €109,454 | €481,770 | €411,422 | €393,915 | €404,411 | ▲ 2.7% |
| Amounts payable after more than one year17 | - | - | - | €316,147 | €319,273 | €296,275 | €272,863 | ▼ 7.9% |
| Financial debts170/4 | - | - | - | €316,147 | €319,273 | €296,275 | €272,863 | ▼ 7.9% |
| Amounts payable within one year42/48 | €11,679 | €24,220 | €32,969 | €119,286 | €45,659 | €39,177 | €45,883 | ▲ 17.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €24,021 | €24,454 | €24,896 | €25,345 | ▲ 1.8% |
| Trade debts44 | €1,207 | €10,114 | €18,208 | €55,447 | €20,941 | €11,856 | €7,423 | ▼ 37.4% |
| Suppliers440/4 | - | - | - | €55,447 | €20,941 | €11,856 | €7,423 | ▼ 37.4% |
| Taxes, remuneration and social security45 | - | - | - | €39,624 | - | - | €5,988 | - |
| Taxes450/3 | - | - | - | €39,624 | - | - | €761 | - |
| Remuneration and social security454/9 | - | - | - | - | - | - | €5,227 | - |
| Other amounts payable47/48 | - | - | - | €195 | €263 | €2,425 | €7,127 | ▲ 194% |
| Accrued charges and deferred income492/3 | - | - | - | €46,337 | €46,490 | €58,462 | €85,666 | ▲ 46.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,205 | €15,228 | €35,834 | €218,897 | €101,431 | €137,524 | €94,962 | ▼ 30.9% |
| + Depreciation and write-downs630 | €1,987 | €3,491 | €6,011 | €15,549 | €37,480 | €31,329 | €34,604 | ▲ 10.5% |
| Operating cash flow (approximation) | €21,192 | €18,720 | €41,846 | €234,446 | €138,911 | €168,853 | €129,566 | ▼ 23.3% |
| Investment in fixed assets (approximation) | - | -€10,540 | -€4,160 | -€530,246 | -€75,830 | -€55,359 | -€86,790 | ▼ 56.8% |
| Change in cash | - | €27,029 | €66,872 | €78,149 | -€42,469 | -€128,425 | €3,738 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 31-12-2025 | 2025-00592832 |
| 30-06-2024 | micro format | 03-01-2025 | 2025-00629352 |
| 30-06-2023 | micro format | 27-11-2023 | 2023-00516192 |
| 30-06-2022 | micro format | 26-12-2022 | 2022-20546338 |
| 30-06-2021 | micro format | 10-01-2022 | 2022-00500328 |
| 30-06-2020 | micro format | 01-12-2020 | 2020-73100109 |
| 30-06-2019 | micro format | 31-12-2019 | 2019-77800144 |
| 30-06-2018 | micro format | 12-12-2018 | 2018-74000444 |
| 01-07-2017 | micro format | 07-12-2017 | 2017-71200213 |
| 01-07-2016 | abbreviated format | 26-12-2016 | 2016-71400003 |
Similar companies · same sector, comparable size
ADVIES BILZEN CENTRUM
BE 0629.892.858
Bilzen-Hoeselt · equity €565,560
STROOFIN
BE 0758.460.321
Merchtem · equity €568,890
VANDEVELDE
BE 0459.654.888
Roeselare · equity €569,102
BUILD-EX
BE 0875.039.275
Comblain-au-Pont · equity €573,683
CHORUS FR MANAGEMENT
BE 0472.105.136
Ukkel · equity €556,043
Of the 1,467 active companies whose main activity is other activities auxiliary to financial services, excluding insurance and pension funding (NACE 66199), figures are known for 932. 602 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.