DUCK
ActiveSummary
DUCK has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €996k and a net result of €-14k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▲+10
Solvency44▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.02 in 2023; short-term debt: 34.5% and cash: 0.9% of total assets), and 81.1% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
18.9%
Return on assets
-0.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-14k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
85 d late
2022
66 d late
2021
92 d late
2020
81 d late
2019
136 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Equity
€996k▼ 1.4%
2023 · €1.01M
Total assets
€5.28M▲ 11.3%
2023 · €4.74M
Net result
€-14k▲ 68.5%
2023 · €-45k
Working capital
€-1.18M▲ 17.7%
2023 · €-1.43M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€78k▲ 3.2%€100k▲ 27.6%€-213k€39k€145k▲ 267%
Net result€-16k€19k€-283k€-45k▲ 83.9%€-14k▲ 68.5%
Equity€1.32M▼ 1.2%€1.34M▲ 1.4%€1.06M▼ 21.1%€1.01M▼ 4.3%€996k▼ 1.4%
Total assets€6.32M▼ 2.7%€5.26M▼ 16.9%€4.87M▼ 7.3%€4.74M▼ 2.7%€5.28M▲ 11.3%
Debt€5.00M▼ 2.1%€3.92M▼ 21.7%€3.82M▼ 2.6%€3.73M▼ 2.2%€4.28M▲ 14.7%
Working capital€-1.05M▲ 58.3%€-1.13M▼ 8.2%€-1.32M▼ 16.4%€-1.43M▼ 8.5%€-1.18M▲ 17.7%
Staff (FTE)11=0.6▼ 40.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 267% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.28M
Fixed assets
€4.63M ▼ 1.8%
Current assets
€642k ▲ 2,542%
Equity and liabilities €5.28M
Equity
€996k ▼ 1.4%
Debt
€4.28M ▲ 14.7%
Debt's share of the balance-sheet total rises from 78.7% to 81.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€339k▲
2023 · €232k
Cash flow
€180k▲
2023 · €147k
Current ratio
0.35▲
2023 · 0.02
Debt to equity
4.30▲
2023 · 3.70
ROE
-1.4%▲
2023 · -4.5%
ROA
-0.3%▲
2023 · -1.0%
Interest coverage
3.54▲
2023 · 2.40
Debt ≤ 1 year
€1.82M▲
2023 · €1.45M
Debt > 1 year
€2.44M▲
2023 · €2.14M
Income taxes
€65k▲
2023 · €63
Staff costs
€17k▼
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €17k | €20k | €18k | €17k | ▼ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €111k | €111k | €432k | €193k | €194k | ▲ 0.6% |
| Other operating charges640/8 | - | €19k | €15k | €15k | €16k | ▲ 5.2% |
| Non-recurring operating charges66A | - | - | - | - | €178 | - |
| Gross operating margin9900 | €169k | €246k | €253k | €265k | €372k | ▲ 40.4% |
| Operating profit (loss)9901 | €78k | €100k | €-213k | €39k | €145k | ▲ 267% |
| Financial income75/76B | - | €8k | €1k | €12k | €1k | ▼ 89.9% |
| Recurring financial income75 | €143 | €154 | €1k | €12k | €1k | ▼ 89.9% |
| Non-recurring financial income76B | - | €8k | - | - | - | - |
| Financial charges65/66B | - | €70k | €69k | €97k | €96k | ▼ 1.2% |
| Recurring financial charges65 | €90k | €70k | €69k | €97k | €96k | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €-12k | €38k | €-281k | €-45k | €50k | ▲ 211% |
| Income taxes67/77 | €4k | €19k | €2k | €63 | €65k | ▲ 102,457% |
| Profit (loss) for the period9904 | €-16k | €19k | €-283k | €-45k | €-14k | ▲ 68.5% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €19k | €-283k | €-45k | €-14k | ▲ 68.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.32M | €5.26M | €4.87M | €4.74M | €5.28M | ▲ 11.3% |
| Fixed assets21/28 | €5.35M | €5.23M | €4.86M | €4.72M | €4.63M | ▼ 1.8% |
| Tangible fixed assets22/27 | €5.35M | €5.23M | €4.81M | €4.64M | €4.45M | ▼ 4.1% |
| Land and buildings22 | - | €5.22M | €4.81M | €4.64M | €4.45M | ▼ 4.1% |
| Plant, machinery and equipment23 | - | - | - | €1k | €838 | ▼ 35.3% |
| Furniture and vehicles24 | - | €19k | €214 | €0 | €0 | = |
| Other tangible fixed assets26 | - | - | - | - | €3k | - |
| Financial fixed assets28 | €600 | - | €51k | €79k | €185k | ▲ 135% |
| Current assets29/58 | €977k | €21k | €11k | €24k | €642k | ▲ 2,542% |
| Amounts receivable after more than one year29 | - | - | - | - | €408k | - |
| Other amounts receivable291 | - | - | - | - | €408k | - |
| Amounts receivable within one year40/41 | €961k | €10k | €10k | €10k | €189k | ▲ 1,849% |
| Trade receivables40 | - | €10k | €10k | €10k | €52k | ▲ 439% |
| Other amounts receivable41 | - | - | €51 | €51 | €137k | ▲ 266,620% |
| Current investments50/53 | €3k | €10k | - | - | - | - |
| Cash at bank and in hand54/58 | €14k | €1k | - | - | €45k | - |
| Deferred charges and accrued income490/1 | - | €115 | €1k | €15k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.32M | €5.26M | €4.87M | €4.74M | €5.28M | ▲ 11.3% |
| Equity10/15 | €1.32M | €1.34M | €1.06M | €1.01M | €996k | ▼ 1.4% |
| Contributions10/11 | €962k | €962k | €962k | €962k | €962k | = |
| Capital10 | - | €962k | €962k | €962k | €962k | = |
| Issued capital100 | - | €962k | €962k | €962k | €962k | = |
| Reserves13 | €96k | €96k | €96k | €96k | €96k | = |
| Non-distributable reserves130/1 | - | €96k | €96k | €96k | €96k | = |
| Legal reserve130 | - | €96k | €96k | €96k | €96k | = |
| Profit (loss) carried forward14 | €262k | €281k | €-2k | €-48k | €-62k | ▼ 29.9% |
| Amounts payable17/49 | €5.00M | €3.92M | €3.82M | €3.73M | €4.28M | ▲ 14.7% |
| Amounts payable after more than one year17 | €2.89M | €2.67M | €2.37M | €2.14M | €2.44M | ▲ 14.3% |
| Financial debts170/4 | - | €2.67M | €2.37M | €2.14M | €2.44M | ▲ 14.3% |
| Amounts payable within one year42/48 | €2.02M | €1.15M | €1.33M | €1.45M | €1.82M | ▲ 25.0% |
| Current portion of amounts payable after more than one year42 | - | €297k | €464k | €549k | €867k | ▲ 58.0% |
| Financial debts43 | - | - | €10k | €9k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €10k | €9k | €0 | ▼ 100% |
| Trade debts44 | €17k | €40k | €42k | €6k | €722 | ▼ 87.6% |
| Suppliers440/4 | - | €40k | €42k | €6k | €722 | ▼ 87.6% |
| Taxes, remuneration and social security45 | - | €36k | €41k | €30k | €81k | ▲ 173% |
| Taxes450/3 | - | €34k | €32k | €28k | €79k | ▲ 183% |
| Remuneration and social security454/9 | - | €1k | €9k | €2k | €2k | ▼ 4.5% |
| Other amounts payable47/48 | - | €781k | €772k | €862k | €870k | ▲ 1.0% |
| Accrued charges and deferred income492/3 | - | €92k | €122k | €142k | €23k | ▼ 83.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €19k | €-283k | €-45k | €-14k | ▲ 68.5% |
| + Depreciation and write-downs630 | €111k | €111k | €432k | €193k | €194k | ▲ 0.6% |
| Operating cash flow (approximation) | €96k | €130k | €149k | €147k | €180k | ▲ 22.0% |
| Investment in fixed assets (approximation) | - | €1k | €-59k | €-49k | €-111k | ▼ 125% |
| Change in cash | - | €-12k | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2026
11-08
State Gazette act
Registered-office move · Director reappointment
Permanent representative · Director resignation
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 85 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Weakest financial yearnet €-283k
Net result drops to €-283k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 136 days late
2019
31-12
Financial
Equity above €1MEq €1.33M ▲211%
2 profitable years in a row build equity to €1.33M.
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 78 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
Show earlier events
18-07
State Gazette act
General meeting · Statutes amendment
Director resignation · Director discharge · Jan Boeykens
22-05
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
22-05
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 73 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Ukkel · 2 establishment units since 1983
Ground area
1.2 ha
Building footprint
2,477 m²
Volume, LiDAR
6,835 m³
3 parcels, Brussels, Flanders · tallest building 23.4 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
LUMAKRI
since 19832.102.413.830
Kastanjelaan 13, 2610 Antwerpen
since 20192.294.111.762
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3991/00A000 | Flanders | 8,183 m² | 1 · 1,836 m² | - |
| 11051B0225/00S003 | Flanders | 3,236 m² | 1 · 301 m² | 17.5 m · 4 fl. |
| 21618B0298/00D003 | Brussels | 292 m² | 1 · 340 m² | 23.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
RAC 4
Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
87550027D0R884CZ1Z42
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,238 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-11-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
74999Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Agenda
Verslag raad van bestuur. Goedkeuring van de jaarrekening. Bestemming resultaat. Kwijting aan bestuurders. Eventuele statutaire benoemingen. Diversen. (24077) Cavens Wijnen, naamloze vennootschap, Limburgstraat 49-53, 2020 Antwerpen Ondernemingsnummer 0424.158.729 Algemene vergadering op de zetel op 03/06/2006, om 14 uur. Agenda : Verslag raad van bestuur. Goedkeuring van de jaarrekening. Bestemming resultaat. Kwijting aan bestuurders. Eventuele statutaire benoemingen. Diversen. (24078) Kerkhove-Werbrouck, naamloze vennootschap, Iepersestraat 25, 8800 Roeselare Ondernemingsnummer 0443.513.593 Algemene vergadering op de zetel op 03/06/2006, om 15 uur. Agenda : Verslag raad van bestuur. Goedke ...