DUCLINVEST
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2025.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Consistently profitable
Positive net result in the two most recent financial years (2025 and 2025).
NBB · annual accounts 2025Net result per financial year
1920212223242525
2019 to 2025 · latest year €611k
lowers risk · Growing equity
Equity grew over 2024-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1920212223242525
2019 to 2025 · latest year €4.8M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2025
31 d early
2024
14 d early
2023
on the day
2022
32 d early
2021
1 d early
2020
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Equity
€4.76M▲ 9.1%
2025 · €4.36M
2019: €1.30M
2020: €1.40M
2021: €1.38M
2022: €2.35M
2023: €2.43M
2024: €2.52M
2025: €4.36M
2019 → 2025
Total assets
€4.97M▲ 0.2%
2025 · €4.96M
2019: €3.42M
2020: €3.24M
2021: €2.93M
2022: €3.03M
2023: €4.04M
2024: €3.73M
2025: €4.96M
2019 → 2025
Net result
€611k▼ 74.5%
2025 · €2.39M
2019: €-20k
2020: €106k
2021: €613k
2022: €1.83M
2023: €755k
2024: €583k
2025: €2.39M
2019 → 2025
Working capital
€70k
2025 · €-326k
2019: €-1.67M
2020: €-1.68M
2021: €-1.51M
2022: €-538k
2023: €-458k
2024: €125k
2025: €-326k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252025Trend
Equity€2.35M-€2.43M▲ 3.4%€2.52M▲ 3.4%€4.36M▲ 73.3%€4.76M▲ 9.1%
Operating result€974k-€768k▼ 21.1%€614k▼ 20.1%€624k▲ 1.6%€726k▲ 16.4%
Net result€1.83M-€755k▼ 58.7%€583k▼ 22.8%€2.39M▲ 311%€611k▼ 74.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2025 is 16% above 2025.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €4.97M
Fixed assets
€4.69M=
Current assets
€285k▲ 4.2%
Equity and liabilities €4.97M
Equity
€4.76M▲ 9.1%
Debt
€215k▼ 64.1%
The debt ratio falls from 12.1% to 4.3%: equity grows while debt is paid down.
Key figures and ratios
Solvency
95.7%▲
2025 · 87.9%
Current ratio
1.33▲
2025 · 0.46
Quick ratio
1.33▲
2025 · 0.46
Debt / equity
0.05▼
2025 · 0.14
ROE
12.8%▼
2025 · 54.9%
ROA
12.3%▼
2025 · 48.3%
Debt
€215k▼
2025 · €599k
Debt ≤ 1 year
€215k▼
2025 · €599k
Income taxes
€115k▲
2025 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2025
Balance sheet
Code20252025
Assets
Total assets20/58€4.96M€4.97M▲
Fixed assets21/28€4.69M€4.69M=
Financial fixed assets28€4.69M€4.69M=
Current assets29/58€273k€285k▲
Amounts receivable within one year40/41€180k€275k▲
Other amounts receivable41€180k€275k▲
Cash at bank and in hand54/58€94k€10k▼
Equity and liabilities
Total equity and liabilities10/49€4.96M€4.97M▲
Equity10/15€4.36M€4.76M▲
Contributions10/11€275k€275k=
Reserves13€4.09M€4.48M▲
Non-distributable reserves130/1€165k€165k=
Reserves not available under the articles1311€165k€165k=
Distributable reserves133€3.92M€4.32M▲
Amounts payable17/49€599k€215k▼
Amounts payable within one year42/48€599k€215k▼
Trade debts44€15k-
Suppliers440/4€15k-
Taxes, remuneration and social security45€35k-
Taxes450/3€35k-
Other amounts payable47/48€550k€215k▼
Income statement
Code20252025
Other operating charges640/8€1k€1k▼
Gross operating margin9900€625k€727k▲
Operating profit (loss)9901€624k€726k▲
Financial income75/76B€1.81M-
Recurring financial income75€17k-
Non-recurring financial income76B€1.80M-
Financial charges65/66B€65€67▲
Recurring financial charges65€65€67▲
Profit (loss) for the period before taxes9903€2.44M€726k▼
Income taxes67/77€41k€115k▲
Profit (loss) for the period9904€2.39M€611k▼
Profit (loss) for the period to be appropriated9905€2.39M€611k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.39M€611k▼
Transfer to equity691/2€1.84M€396k▼
To other reserves6921€1.84M€396k▼
Profit to be distributed694/7€550k€215k▼
Directors or managers695€550k€215k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-03
State Gazette act
Restructuring · End & cessationGeneral meeting · Merger · Accounting effect14 facts ▸
State Gazette act
Restructuring · End & cessation
General meeting · Merger · Accounting effect14 facts ▸
- General meeting, 27/02/2026
- General meeting, 27/02/2026
- Merger, 27/02/2026
- Accounting effect, 01/01/2026
- Share cancellation
- Dissolution, 2026-02-27
- Director resignation, DUCHI SLEEPLAB (bestuurder)
- Director resignation, IDH (bestuurder)
- Permanent representative, DUCHI Bernard
- Permanent representative, DUCHI Hannes
- Director discharge, DUCHI SLEEPLAB
- Director discharge, IDH
- +2 further facts in this act
2025
31-12
Financial
Liquidity triplescurrent ratio 1.33
Current ratio from 0.46 to 1.33; short-term debt falls from €599k to €215k.
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €2.39M ▲311%
Net result €2.39M, the highest in the series.
2024
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €2MEq €2.35M ▲70.9%
3 profitable years in a row build equity to €2.35M.
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 334 days late
31-03
Financial
Back to profitnet €106k
Net result €106k after one loss-making year.
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-03-2026
DUCHI SLEEPLAB: Resigned as Director
30-03-2026
IDH: Resigned as Director
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:IDH