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Complete company report
Generated 05-08-2026
Active BE 0437.548.291Public limited company

DUCHESSE

Hendrik Baelskaai 6 ·8400 Oostende, Belgium· 37 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of DUCHESSE is 1.3% (low). The 2022 annual accounts show equity of €861k and a net result of €73k. Equity remains stable across the filed fiscal years (±0% per year). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €861k
Net result €73k
Active 37 yrs
Board 3
Snowflake analysis 5 axes · computed by Checked
Health57Profitability42Solvency56Growth78Stability100
67 / 100

Strong profile, led by stability.

Health 57
Profitability 42
Solvency 56
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.3% Low
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1989, 37 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2022 · computed
57 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 16-08-2023 with the NBB · fiscal year 2022 · micro
€-50k€0€50k€100kOperating result 2018: €-24k€-24kNet result 2018: €-7k€-7kOperating result 2019: €402€402Net result 2019: €13k€13kOperating result 2020: €-16k€-16kNet result 2020: €10k€10kOperating result 2021: €66k€66kNet result 2021: €35k€35kOperating result 2022: €106k€106kNet result 2022: €73k€73k20182019202020212022
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 5 fiscal years (±0%/year).
€600k€700k€800k€900k2023: €814k (€745k - €883k)2024: €814k (€729k - €900k)2025: €815k (€697k - €932k)2018: €843k2019: €814k2020: €771k2021: €806k2022: €861k20182019202020212022202320242025
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€194k
+22.2% 18-22
Net profit
€73k
+109.2% 18-22
Cash flow
€160k
+26.0% 18-22
Total assets
€1.97M
-9.4% 18-22
Equity
€861k
+6.9% 18-22
Working capital
€-565k
+29.0% 18-22
Income taxes
€29k
-4.4% 18-22
Dividends
€2k
- 18-22
Debt
€992k
-19.5% 18-22
Debt ≤ 1y
€655k
-23.8% 18-22
Debt > 1y
€337k
-9.8% 18-22
Current ratio
0.14
+85.5% 18-22
Quick ratio
0.14
+85.5% 18-22
Solvency
43.7%
+18.0% 18-22
Debt / equity
1.15
-24.7% 18-22
ROE
8.5%
+95.6% 18-22
ROA
3.7%
+130.8% 18-22
Interest coverage
4.83
-7.0% 18-22
Figures by fiscal year
Fiscal year2022
Revenue-
EBITDA€194k
Net profit€73k
Cash flow€160k
Staff costs-
Income taxes€29k
Dividends-
Total assets€1.97M
Equity€861k
Debt€992k
of which ≤ 1y€655k
of which > 1y€337k
Working capital€-565k
Employees (FTE)-
Ratios (computed)
2022
Current ratio0.14
Quick ratio0.14
Working capital ratio-28.7%
Solvency43.7%
Debt / equity1.15
Long-term debt ratio0.39
Interest coverage4.83
Gross margin-
Net margin-
ROA3.7%
ROE8.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€1.97M
Fixed assets 21/28€1.88M
Tangible fixed assets 22/27€1.88M
Current assets 29/58€90k
Amounts receivable within one year 40/41€0
Cash & bank 54/58€89k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.97M
Equity 10/15€861k
Contributions / capital 10/11€464k
Reserves 13€397k
Provisions & deferred taxes 16€118k
Amounts payable 17/49€992k
Amounts payable after one year 17€337k
Amounts payable within one year 42/48€655k
Trade debts payable within one year 44€5k
Income statement
Gross operating margin 9900€204k
Operating result 9901€106k
Financial charges 65€40k
Result before taxes 9903€66k
Income taxes 67/77€29k
Net result for the period 9904€73k
Result to be appropriated 9905€51k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (26307418). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Deflandre Nicolas
    Director
    State Gazette act 26307418 (30-01-2026)
    Current
    12-01-2026 → present
    2 events
    • 30-01-2026 Mandate renewed· Director
    • 12-01-2026 Appointed· Managing director
  • Graham Pearce
    Director
    State Gazette act 26307418 (30-01-2026)
    Current
    08-05-2012 → present
    6 events
    • 30-01-2026 Mandate renewed· Director
    • 12-01-2026 Appointed· Managing director
    • 08-05-2018 Mandate renewed· Director
    • 08-05-2018 Mandate renewed· Managing director
    • 08-05-2012 Mandate renewed· Director
    • 08-05-2012 Mandate renewed· Managing director
  • Grobet Isabelle
    Director
    State Gazette act 26307418 (30-01-2026)
    Current
    08-05-2012 → present
    6 events
    • 30-01-2026 Mandate renewed· Director
    • 12-01-2026 Appointed· Managing director
    • 08-05-2018 Mandate renewed· Director
    • 08-05-2018 Mandate renewed· Managing director
    • 08-05-2012 Mandate renewed· Director
    • 08-05-2012 Mandate renewed· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation24-05-1989
StatusActive
Postal code8400
Establishment units 2 locations
DUCHESSE NV
Huidenvettersplein 12, 8000 Bruggede exploitatie van autowegen, tunnels, bruggen, parkeerterreinen of -garages en rijwielstallingen.
since 19892.044.412.778
Duchesse
Hendrik Baelskaai 6, 8400 OostendeVerhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
since 20252.382.104.620
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35382B0032/00P007 Flanders 1,216 m² - -
31802B1165/00A000
ProtectedMonument · Townscape or village viewAmbachtshuis van de huidenvettersSource ↗
 Flanders 315 m² 1 · 306 m² 14.5 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 14 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
30-01-2026
State Gazette act Director changes
v3.2
2023
16-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
31-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
23-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
20-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
25-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
12-11-2018
State Gazette act Director changes
v3.2
29-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
29-09-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
29-08-2017
State Gazette act Director changes
v3.2
2016
24-05-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
18-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
24-06-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
2013
16-07-2013
State Gazette act Director changes
v3.2
Belgisch Staatsblad, acts 4 acts
All acts · 4 updated 6 months ago
2026
30-01-2026 3 reappointed Director changes
  • Grobet Isabelle, Bestuurder
  • Graham Pearce, Bestuurder
  • Deflandre Nicolas, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Grobet Isabelle",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "Ontslag huidige bestuurders en (her)benoeming van mevrouw Grobet Isabelle, de heer Graham Pearce, beide wonende te 8400 Oostende, Hendrik Baelskaai 6/0402, en de heer Deflandre Nicolas, wonende te 9000 Gent, Sint-Martensblindeken 23, als niet-statutaire bestuurders voor de duur van zes jaar."
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Graham Pearce",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "Ontslag huidige bestuurders en (her)benoeming van mevrouw Grobet Isabelle, de heer Graham Pearce, beide wonende te 8400 Oostende, Hendrik Baelskaai 6/0402, en de heer Deflandre Nicolas, wonende te 9000 Gent, Sint-Martensblindeken 23, als niet-statutaire bestuurders voor de duur van zes jaar."
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Deflandre Nicolas",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "Ontslag huidige bestuurders en (her)benoeming van mevrouw Grobet Isabelle, de heer Graham Pearce, beide wonende te 8400 Oostende, Hendrik Baelskaai 6/0402, en de heer Deflandre Nicolas, wonende te 9000 Gent, Sint-Martensblindeken 23, als niet-statutaire bestuurders voor de duur van zes jaar."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0437.548.291",
    "name_full": "DUCHESSE",
    "legal_form": "NV"
  }
}
2018
12-11-2018 4 reappointed Director changes
  • GROBET Isabelle, Bestuurder
  • GRAHAM Pearce, Bestuurder
  • GROBET Isabelle, Gedelegeerd bestuurder
  • GRAHAM Pearce, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "GROBET Isabelle",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2018-05-08",
      "evidence_quote": "Mevrouw Grobet Isabelle en Dhr. Graham Pearce, worende te 8310 Brugge - Beukenlaar\u0131 4, worden herberioemd als bestuurders. Deze herbenoeming gaat in op 08/05/2018 en zal een einde nemen met de jaarvergadering var het jaar tweeduizend-vierentwintig (2024)."
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "GRAHAM Pearce",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2018-05-08",
      "evidence_quote": "Mevrouw Grobet Isabelle en Dhr. Graham Pearce, worende te 8310 Brugge - Beukenlaar\u0131 4, worden herberioemd als bestuurders. Deze herbenoeming gaat in op 08/05/2018 en zal een einde nemen met de jaarvergadering var het jaar tweeduizend-vierentwintig (2024)."
    },
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "GROBET Isabelle",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2018-05-08",
      "evidence_quote": "Mevrouw Grobet Isabelle en Dhr. Graham Pearce wonende te 8310 Brugge - Beukenlaan 4, worden herbenoemd als gedelegeerd bestuurders en dit vanaf 08/05/2018 en zal een einde riemen met de jaarvergadering van het jaar tweeduizerid-viererntwintig (2024)."
    },
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "GRAHAM Pearce",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2018-05-08",
      "evidence_quote": "Mevrouw Grobet Isabelle en Dhr. Graham Pearce wonende te 8310 Brugge - Beukenlaan 4, worden herbenoemd als gedelegeerd bestuurders en dit vanaf 08/05/2018 en zal een einde riemen met de jaarvergadering van het jaar tweeduizerid-viererntwintig (2024)."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0437.548.291",
    "name_full": "DUCHESSE",
    "legal_form": "NV"
  }
}
2017
29-08-2017 4 reappointed Director changes
  • Grobet Isabelle, Bestuurder
  • Grobet Isabelle, Gedelegeerd bestuurder
  • Graham Pearce, Bestuurder
  • Graham Pearce, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Grobet Isabelle",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2012-05-08",
      "evidence_quote": "Mevr. Grobet Isabelle en de hr. Graham Pearce, Beukenlaan 4, 8310 Brugge, worden herbenoemd als bestuurders."
    },
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Grobet Isabelle",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2012-05-08",
      "evidence_quote": "Mevr. Grobet Isabelle en de hr. Graham Pearce, Beukenlaan 4, 8310 Brugge, worden herbenoemd als gedelegeerd bestuurder"
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Graham Pearce",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2012-05-08",
      "evidence_quote": "Mevr. Grobet Isabelle en de hr. Graham Pearce, Beukenlaan 4, 8310 Brugge, worden herbenoemd als bestuurders."
    },
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Graham Pearce",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2012-05-08",
      "evidence_quote": "Mevr. Grobet Isabelle en de hr. Graham Pearce, Beukenlaan 4, 8310 Brugge, worden herbenoemd als gedelegeerd bestuurder"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0437.548.291",
    "name_full": "DUCHESSE",
    "legal_form": "NV"
  }
}
2013
16-07-2013 2 reappointed Director changes
  • GROBET ISABELLE, Gedelegeerd bestuurder
  • PEARCE GRAHAM, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "GROBET ISABELLE",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2012-05-08",
      "evidence_quote": "De vergadering beslist met unanimiteit dat zowel mevr. Grobet Isabelle, Beukenlaan 4, 8310 Sint-Kruis (Brugge) als Pearce Graham, Beukenlaan 4, 8310 Sint-Kruis (Brugge) worden herbenoemd als gedelegeerd bestuurder."
    },
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "PEARCE GRAHAM",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2012-05-08",
      "evidence_quote": "De vergadering beslist met unanimiteit dat zowel mevr. Grobet Isabelle, Beukenlaan 4, 8310 Sint-Kruis (Brugge) als Pearce Graham, Beukenlaan 4, 8310 Sint-Kruis (Brugge) worden herbenoemd als gedelegeerd bestuurder."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0437.548.291",
    "name_full": "DUCHESSE",
    "legal_form": "NV"
  }
}
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL DUCHESSE
Registered office
Hendrik Baelskaai 6 bus 402
8400 Oostende, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative