Equity
Equity fell by 50% in 9 years.
The dashed line is the sector median: 0.7% across 2,397 companies (NACE 33, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, micro). It does better than 60% of them on solvency, 27% on liquidity, 11% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,908 companies had the same profile as DUCHATEL has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DUCHATEL itself is higher: 1.8% within 12 months. It rests on far more data about DUCHATEL than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for DUCHATEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.0 (2.01 in 2023), above the usual 1.5. Short-term debt is 46.9% and cash 9.3% of total assets. 46.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 63 days after the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DUCHATEL Denderleeuw | €103,421 | €284 | 53.1% | - |
| Na-Tec Waregem | €106,930 | -€36,733 | 62.4% | - |
| PSJ - SOLUTIONS Lommel | €117,530 | -€15,510 | 53.3% | - |
| Jacklo Automation Verviers | €81,215 | -€26,124 | 84.7% | - |
| MAXELE Boechout | €124,052 | -€6,344 | 65.1% | - |
| MASU Works Kruisem | €142,467 | -€9,208 | -17.9% | - |
| PNDA Châtelet | €42,957 | -€8,559 | 52.3% | - |
These companies have the same main activity as DUCHATEL: installation of industrial machinery and equipment (NACE 33200). They are comparable in size and age: total assets between €43,000 and €142,000, founded between 2009 and 2015.
DUCHATEL files the micro format. That format states no turnover. The gross margin fell from €49,156 in 2010 to €284 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2,200. Estimated: probably between €990 and €5,200.
Higher than 57% of 1,619 companies in 2024.
Higher than 56% of 1,592 companies in 2024.
Higher than 13% of 1,595 companies in 2024.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
103,421 | 111,504 | 120,426 | 121,383 | 137,350 | 144,876 | 137,753 | 185,857 | 222,081 | 207,475 | 190,526 | 191,359 | 154,584 | 151,751 | 131,610 | |
21/28 |
6,489 | 8,643 | 10,797 | 12,951 | 15,261 | 11,067 | 12,352 | 13,951 | 17,441 | 20,217 | 24,484 | 31,371 | 31,870 | 48,339 | 44,364 | |
22/27 |
6,489 | 8,643 | 10,797 | 12,951 | 15,261 | 11,067 | 12,352 | 13,951 | 17,441 | 20,217 | 24,484 | 31,371 | 31,870 | 48,339 | 44,364 | |
22 |
5,776 | 6,739 | 7,702 | 8,665 | 9,627 | 10,590 | 11,553 | 12,516 | 13,478 | 14,441 | 15,404 | 16,367 | 17,329 | 18,292 | - | |
23 |
189 | 680 | 1,171 | 1,663 | 2,154 | 94 | 188 | 282 | 376 | - | 120 | 240 | 990 | 2,370 | 3,149 | |
24 |
524 | 1,224 | 1,924 | 2,624 | 3,480 | 383 | 611 | 1,153 | 3,586 | 5,776 | 8,960 | 14,765 | 13,551 | 27,678 | 41,214 | |
29/58 |
96,932 | 102,861 | 109,629 | 108,431 | 122,089 | 133,808 | 125,401 | 171,907 | 204,640 | 187,259 | 166,042 | 159,987 | 122,714 | 103,412 | 87,247 | |
40/41 |
86,178 | 97,302 | 93,875 | 83,343 | 80,659 | 72,814 | 68,735 | 150,990 | 142,812 | 91,951 | 28,311 | 31,886 | 18,697 | 26,475 | 31,547 | |
40 |
84,964 | 97,302 | 93,432 | 80,737 | 76,022 | 68,282 | 55,242 | 145,380 | 127,352 | 82,511 | 16,851 | 24,680 | 13,080 | 1,841 | 20,733 | |
41 |
1,214 | - | 443 | 2,606 | 4,637 | 4,533 | 13,493 | 5,611 | 15,460 | 9,440 | 11,459 | 7,206 | 5,618 | 24,634 | 10,814 | |
54/58 |
9,607 | 4,429 | 14,650 | 23,988 | 40,370 | 60,536 | 56,209 | 20,469 | 61,425 | 94,912 | 137,530 | 127,689 | 104,016 | 76,321 | 55,699 | |
490/1 |
1,147 | 1,130 | 1,104 | 1,100 | 1,060 | 458 | 458 | 448 | 404 | 395 | 202 | 412 | - | 615 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
103,421 | 111,504 | 120,426 | 121,383 | 137,350 | 144,876 | 137,753 | 185,857 | 222,081 | 207,475 | 190,526 | 191,359 | 154,584 | 151,751 | 131,610 | |
10/15 |
54,911 | 60,447 | 68,080 | 61,254 | 72,083 | 78,264 | 69,037 | 78,408 | 98,888 | 108,914 | 94,712 | 79,835 | 55,481 | 51,068 | 42,966 | |
10/11 |
30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | |
100 |
- | - | - | - | - | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | |
101 |
- | - | - | - | - | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | |
13 |
44,227 | 44,227 | 44,227 | 44,227 | 44,227 | 48,264 | 39,037 | 48,408 | 68,888 | 78,914 | 64,712 | 49,835 | 25,481 | 21,068 | 12,966 | |
130/1 |
6,000 | 6,000 | 6,000 | 6,000 | 6,000 | - | 29,000 | 29,000 | 29,000 | 29,000 | 14,800 | - | - | - | - | |
130 |
- | - | - | - | - | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 3,000 | |
1311 |
6,000 | 6,000 | 6,000 | 6,000 | 6,000 | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 29,000 | 29,000 | 29,000 | 29,000 | 14,800 | - | - | - | - | |
133 |
38,227 | 38,227 | 38,227 | 38,227 | 38,227 | 42,264 | 4,037 | 13,408 | 33,888 | 43,914 | 43,912 | 43,835 | 19,481 | 15,068 | 9,966 | |
14 |
-19,316 | -13,780 | -6,147 | -12,973 | -2,144 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
48,510 | 51,057 | 52,346 | 60,129 | 65,267 | 66,612 | 68,717 | 107,449 | 123,193 | 98,561 | 95,814 | 111,524 | 99,103 | 100,684 | 88,644 | |
17 |
- | - | - | - | 50,000 | 50,000 | 60,000 | 70,000 | 70,000 | 70,000 | 70,000 | 51,000 | 51,000 | 42,000 | 30,000 | |
170/4 |
- | - | - | - | 50,000 | 50,000 | 60,000 | 70,000 | 70,000 | 70,000 | 70,000 | 51,000 | 51,000 | 42,000 | 30,000 | |
42/48 |
48,510 | 51,057 | 52,346 | 60,129 | 15,267 | 16,612 | 8,717 | 37,449 | 53,193 | 28,561 | 25,814 | 60,524 | 48,103 | 58,684 | 58,644 | |
44 |
3,075 | 407 | 8,570 | 11,137 | 14,102 | 12,510 | 7,043 | 14,248 | 31,787 | 6,210 | 7,915 | 24,536 | 23,552 | 19,595 | 17,830 | |
440/4 |
3,075 | 407 | 8,570 | 11,137 | 14,102 | 12,510 | 7,043 | 14,248 | 31,787 | 6,210 | 7,915 | 24,536 | 23,552 | 19,595 | 17,830 | |
45 |
495 | 2,415 | 5,941 | 1,828 | 824 | 1,705 | 1,500 | 6,150 | 6,395 | 8,458 | 9,596 | 14,216 | 8,027 | 14,202 | 8,838 | |
450/3 |
495 | 2,415 | 5,941 | 1,828 | 824 | 1,705 | 1,500 | 6,150 | 6,395 | 8,458 | 9,596 | 14,066 | 8,027 | 14,202 | 8,838 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | 150 | - | - | - | |
47/48 |
44,940 | 48,236 | 37,835 | 47,164 | 341 | 2,397 | 173 | 17,051 | 15,011 | 13,894 | 8,303 | 21,771 | 16,524 | 24,886 | 31,976 | |
| Income statement | ||||||||||||||||
9900 |
284 | -3,041 | 11,770 | -6,438 | -2,183 | 14,115 | -5,350 | -13,377 | -3,289 | 32,492 | 36,380 | 55,401 | 33,932 | 30,132 | 49,156 | |
630 |
2,154 | 2,154 | 2,154 | 2,310 | 1,763 | 1,284 | 1,464 | 4,268 | 4,360 | 4,268 | 7,548 | 14,947 | 16,469 | 16,469 | 23,808 | |
640/8 |
3,421 | 1,828 | 2,318 | 1,715 | 1,741 | 1,884 | 1,815 | 1,993 | 1,768 | 1,776 | 1,646 | 2,388 | 5,188 | 2,077 | 6,653 | |
66A |
- | - | - | - | - | - | 222 | 456 | 350 | 620 | 325 | 55 | 570 | 165 | 80 | |
9901 |
-5,291 | -7,023 | 7,298 | -10,462 | -5,687 | 10,947 | -8,851 | -20,094 | -9,766 | 26,448 | 27,186 | 38,066 | 12,275 | 11,586 | 18,695 | |
75/76B |
51 | - | - | 1 | 127 | 6 | 25 | 25 | 124 | 199 | 172 | 167 | 2,938 | 3,942 | 4,351 | |
75 |
51 | - | - | 1 | 127 | 6 | 25 | 25 | 124 | 199 | 172 | 167 | 2,938 | 3,942 | 4,351 | |
65/66B |
82 | 407 | 272 | 185 | 433 | 98 | 436 | 411 | 260 | 4,702 | 5,050 | 3,183 | 3,687 | 2,997 | 2,608 | |
65 |
82 | 407 | 272 | 185 | 433 | 98 | 436 | 411 | 260 | 4,702 | 5,050 | 3,183 | 3,687 | 2,997 | 2,608 | |
9903 |
-5,321 | -7,430 | 7,026 | -10,646 | -5,993 | 10,855 | -9,263 | -20,480 | -9,902 | 21,326 | 21,983 | 34,995 | 10,956 | 12,366 | 20,357 | |
67/77 |
215 | 203 | 199 | 183 | 187 | 1,628 | 109 | - | 124 | 7,124 | 7,106 | 10,642 | 6,542 | 4,265 | 7,391 | |
9904 |
-5,536 | -7,633 | 6,826 | -10,829 | -6,181 | 9,227 | -9,371 | -20,480 | -10,026 | 14,202 | 14,877 | 24,353 | 4,414 | 8,101 | 12,966 | |
9905 |
-5,536 | -7,633 | 6,826 | -10,829 | -6,181 | 9,227 | -9,371 | -20,480 | -10,026 | 14,202 | 14,877 | 24,353 | 4,414 | 8,101 | 12,966 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-19,316 | -13,780 | -6,147 | -12,973 | -6,181 | 9,227 | -9,371 | -20,480 | -10,026 | 14,202 | 14,877 | 24,353 | 4,414 | 8,101 | 12,966 | |
14P |
-13,780 | -6,147 | -12,973 | -2,144 | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | 4,037 | - | 9,371 | 20,480 | 10,026 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 9,227 | - | - | - | 14,202 | 14,877 | 24,353 | 4,414 | 8,101 | 12,966 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,000 | 3,000 | |
6921 |
- | - | - | - | - | 9,227 | - | - | - | 14,202 | 14,877 | 24,353 | 4,414 | 5,101 | 9,966 | |
| Document | ||||||||||||||||
The notes to these accounts have 4 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 2024 (PDF), filed on 10-10-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 10-10-2025 | 2025-00538556 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00286002 | |
| 31-12-2022 | micro format | 06-10-2023 | 2023-00474378 | |
| 31-12-2021 | micro format | 12-10-2022 | 2022-20457917 | |
| 31-12-2020 | micro format | 29-10-2021 | 2021-75000041 | |
| 31-12-2019 | micro format | 20-10-2020 | 2020-62000404 | |
| 31-12-2018 | micro format | 27-09-2019 | 2019-66400143 | |
| 31-12-2017 | micro format | 23-11-2018 | 2018-72700292 | |
| 31-12-2016 | micro format | 25-01-2018 | 2018-02500053 | |
| 31-12-2015 | abbreviated format | 15-06-2016 | 2016-18800477 | |
| 31-12-2014 | abbreviated format | 30-09-2015 | 2015-62200366 | |
| 31-12-2013 | abbreviated format | 30-09-2014 | 2014-61500305 | |
| 31-12-2012 | abbreviated format | 29-08-2013 | 2013-51700527 | |
| 31-12-2011 | abbreviated format | 30-08-2012 | 2012-51300446 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-51200050 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -3,137 | -4,869 | 9,452 | -8,153 | -3,925 | 12,231 | -7,387 | -15,826 | -5,406 | 30,716 | 34,734 | 53,013 | 28,744 | 28,055 | 42,503 | ||
| -3,382 | -5,479 | 8,980 | -8,520 | -4,418 | 10,512 | -7,908 | -16,212 | -5,666 | 18,470 | 22,426 | 39,301 | 20,883 | 24,570 | 36,775 | ||
| 0 | 0 | 0 | 0 | 5,956 | 0 | -135 | 778 | 1,584 | 0 | 661 | 14,448 | 0 | 20,445 | 67,222 | ||
| 5,178 | -10,221 | -9,339 | -16,381 | -20,166 | 4,327 | 35,740 | -40,956 | -33,487 | -42,618 | 9,840 | 23,673 | 27,695 | 20,622 | - | ||
| 48,422 | 51,804 | 57,283 | 48,303 | 106,822 | 117,196 | 116,685 | 134,457 | 151,447 | 158,697 | 140,228 | 99,463 | 74,611 | 44,728 | 28,603 | ||
| 53.1% | 54.2% | 56.5% | 50.5% | 52.5% | 54.0% | 50.1% | 42.2% | 44.5% | 52.5% | 49.7% | 41.7% | 35.9% | 33.7% | 32.6% | ||
| 2.00 | 2.01 | 2.09 | 1.80 | 8.00 | 8.05 | 14.39 | 4.59 | 3.85 | 6.56 | 6.43 | 2.64 | 2.55 | 1.76 | 1.49 | ||
| 0.88 | 0.84 | 0.77 | 0.98 | 0.91 | 0.85 | 1.00 | 1.37 | 1.25 | 0.90 | 1.01 | 1.40 | 1.79 | 1.97 | 2.06 | ||
| -10.1% | -12.6% | 10.0% | -17.7% | -8.6% | 11.8% | -13.6% | -26.1% | -10.1% | 13.0% | 15.7% | 30.5% | 8.0% | 15.9% | 30.2% | ||
| -5.4% | -6.8% | 5.7% | -8.9% | -4.5% | 6.4% | -6.8% | -11.0% | -4.5% | 6.8% | 7.8% | 12.7% | 2.9% | 5.3% | 9.9% | ||
| -38.35 | -11.96 | 34.76 | -44.09 | - | - | - | - | - | - | - | - | - | - | - |
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.
The operating result for 2024 is a loss of €5,291, smaller than the loss of €7,023 in 2023.
Debt's share of the balance-sheet total rises from 45.8% to 46.9%. Equity and debt are lower.
DUCHATEL has no parent and no holdings in its annual accounts. Duchatel Philippe is the only director. DUCHATEL shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kasteelstraat 54 registered office 9470 Denderleeuw 43211 General electrical installation work | 28-07-2009 | 2.184.877.092 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41011A1714/00V002 | 420 m² | 1 · 113 m² | 7.6 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0817.575.980
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