DuCoop
ActiveSummary
DuCoop has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €507,916 and a net result of €115,715. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 25% of 293 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability66▼-7
Solvency38▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.1 against 3.48 in 2023; short-term debt: 9.2% and cash: 11.3% of total assets), but 87.5% of the assets are financed with debt.
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Signals
Six 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 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% 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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €507,916
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
38 d early
2023
43 d early
2022
49 d early
2021
58 d early
2020
21 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 23 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€507,916▲ 11.1%
2023 · €457,362
Total assets
€4.0m▼ 2.0%
2023 · €4.1m
Net result
€115,715▼ 53.6%
2023 · €249,422
Working capital
€783,813▼ 13.2%
2023 · €903,466
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€438,558▼ 107%-€306,856▲ 30.0%-€151,924▲ 50.5%€252,051€120,899▼ 52.0%
Net result-€307,131below the sector's middle half▼ 80.4%-€77,817below the sector's middle half▲ 74.7%-€139,409below the sector's middle half▼ 79.1%€249,422within the sector's middle half€115,715within the sector's middle half▼ 53.6%
Equity€162,740within the sector's middle half▼ 71.2%€178,904within the sector's middle half▲ 9.9%€314,372within the sector's middle half▲ 75.7%€457,362within the sector's middle half▲ 45.5%€507,916within the sector's middle half▲ 11.1%
Total assets€3.3mabove the sector's middle half▼ 14.6%€3.5mabove the sector's middle half▲ 6.0%€3.4mabove the sector's middle half▼ 4.3%€4.1mwithin the sector's middle half▲ 21.8%€4.0mwithin the sector's middle half▼ 2.0%
Debt€2.9m▼ 4.5%€3.1m▲ 5.2%€3.1m▼ 0.1%€3.7m▲ 19.4%€3.5m▼ 3.7%
Working capital€628,980above the sector's middle half▼ 30.2%€508,141above the sector's middle half▼ 19.2%€231,453above the sector's middle half▼ 54.5%€903,466above the sector's middle half▲ 290%€783,813above the sector's middle half▼ 13.2%
Solvency4.9%below the sector's middle half▼ 9.6pp5.0%below the sector's middle half▲ 0.2pp9.3%below the sector's middle half▲ 4.2pp11.1%below the sector's middle half▲ 1.8pp12.5%within the sector's middle half▲ 1.5pp
Current ratio4.58above the sector's middle half▼ 0.352.91within the sector's middle half▼ 1.661.63within the sector's middle half▼ 1.293.48above the sector's middle half▲ 1.853.10above the sector's middle half▼ 0.38
Return on assets (ROA)-9.2%below the sector's middle half▼ 4.8pp-2.2%below the sector's middle half▲ 7.0pp-4.1%below the sector's middle half▼ 1.9pp6.0%within the sector's middle half▲ 10.1pp2.9%within the sector's middle half▼ 3.2pp
Staff (FTE)1.7▲ 21.4%2▲ 17.6%2.1▲ 5.0%1.9within the sector's middle half▼ 9.5%2within the sector's middle half▲ 5.3%
above
within
below
the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.0m
Fixed assets
€2.9m ▲ 0.9%
Current assets
€1.2m ▼ 8.8%
Equity and liabilities €4.0m
Equity
€507,916 ▲ 11.1%
Debt
€3.5m ▼ 3.7%
Debt's share of the balance-sheet total falls from 88.9% to 87.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€367,863▼
2023 · €486,591
Cash flow
€362,679▼
2023 · €483,962
Debt to equity
6.97▼
2023 · 8.04
ROE
22.8%▼
2023 · 54.5%
Interest coverage
5.19▼
2023 · 5.56
Debt ≤ 1 year
€373,329▲
2023 · €365,012
Debt > 1 year
€2.5m▼
2023 · €2.6m
Staff costs
€143,638▼
2023 · €153,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,508 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €299,994 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €162,250 | €168,142 | €153,000 | €143,638 | ▼ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €524,213 | €414,223 | €259,924 | €234,539 | €246,964 | ▲ 5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,731 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €1,131 | €1,343 | €1,234 | €1,271 | ▲ 2.9% |
| Gross operating margin9900 | €229,200 | €270,748 | €277,485 | €642,556 | €512,772 | ▼ 20.2% |
| Operating profit (loss)9901 | -€438,558 | -€306,856 | -€151,924 | €252,051 | €120,899 | ▼ 52.0% |
| Financial income75/76B | - | €219,167 | €91,132 | €84,924 | €65,736 | ▼ 22.6% |
| Recurring financial income75 | €149,580 | €219,167 | €91,132 | €84,924 | €65,736 | ▼ 22.6% |
| Financial charges65/66B | - | €63,182 | €78,617 | €87,553 | €70,920 | ▼ 19.0% |
| Recurring financial charges65 | €66,427 | €63,182 | €78,617 | €87,553 | €70,920 | ▼ 19.0% |
| Profit (loss) for the period before taxes9903 | -€355,405 | -€150,871 | -€139,409 | €249,422 | €115,715 | ▼ 53.6% |
| Transfer from deferred taxes780 | - | €73,054 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€307,131 | -€77,817 | -€139,409 | €249,422 | €115,715 | ▼ 53.6% |
| Profit (loss) for the period to be appropriated9905 | -€307,131 | -€77,817 | -€139,409 | €249,422 | €115,715 | ▼ 53.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €3.5m | €3.4m | €4.1m | €4.0m | ▼ 2.0% |
| Fixed assets21/28 | €2.5m | €2.8m | €2.8m | €2.9m | €2.9m | ▲ 0.9% |
| Intangible fixed assets21 | €25,439 | €14,258 | €7,803 | €4,742 | €1,686 | ▼ 64.5% |
| Tangible fixed assets22/27 | €2.5m | €2.8m | €2.8m | €2.9m | €2.9m | ▲ 1.0% |
| Plant, machinery and equipment23 | - | €2.8m | €2.8m | €2.9m | €2.9m | ▲ 1.1% |
| Furniture and vehicles24 | - | €455 | €1,146 | €746 | €347 | ▼ 53.5% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €804,860 | €773,609 | €600,687 | €1.3m | €1.2m | ▼ 8.8% |
| Amounts receivable after more than one year29 | - | €175,937 | €142,640 | €318,392 | €160,904 | ▼ 49.5% |
| Other amounts receivable291 | - | €175,937 | €142,640 | €318,392 | €160,904 | ▼ 49.5% |
| Amounts receivable within one year40/41 | €246,243 | €492,948 | €357,767 | €487,350 | €536,393 | ▲ 10.1% |
| Trade receivables40 | - | €57,461 | €89,554 | €134,002 | €118,134 | ▼ 11.8% |
| Other amounts receivable41 | - | €435,488 | €268,214 | €353,347 | €418,259 | ▲ 18.4% |
| Cash at bank and in hand54/58 | €357,217 | €88,687 | €99,357 | €462,736 | €456,003 | ▼ 1.5% |
| Deferred charges and accrued income490/1 | - | €16,037 | €922 | €0 | €3,842 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €3.5m | €3.4m | €4.1m | €4.0m | ▼ 2.0% |
| Equity10/15 | €162,740 | €178,904 | €314,372 | €457,362 | €507,916 | ▲ 11.1% |
| Contributions10/11 | €376,310 | €376,480 | €376,610 | €376,610 | €377,180 | ▲ 0.2% |
| Capital10 | - | €376,480 | - | - | - | - |
| Issued capital100 | - | €376,480 | - | - | - | - |
| Profit (loss) carried forward14 | -€968,460 | -€1.0m | -€1.2m | -€936,263 | -€820,548 | ▲ 12.4% |
| Investment grants15 | - | €848,701 | €1.1m | €1.0m | €951,284 | ▼ 6.5% |
| Provisions and deferred taxes16 | €253,215 | €284,486 | €0 | - | - | - |
| Deferred taxes168 | - | €284,486 | €0 | - | - | - |
| Amounts payable17/49 | €2.9m | €3.1m | €3.1m | €3.7m | €3.5m | ▼ 3.7% |
| Amounts payable after more than one year17 | €2.0m | €2.2m | €2.5m | €2.6m | €2.5m | ▼ 4.2% |
| Financial debts170/4 | - | €2.2m | €2.5m | €2.6m | €2.5m | ▼ 4.2% |
| Amounts payable within one year42/48 | €175,880 | €265,468 | €369,234 | €365,012 | €373,329 | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €126,754 | - |
| Trade debts44 | €151,492 | €226,149 | €348,522 | €328,261 | €186,543 | ▼ 43.2% |
| Suppliers440/4 | - | €226,149 | €348,522 | €328,261 | €186,543 | ▼ 43.2% |
| Taxes, remuneration and social security45 | - | €39,319 | €20,711 | €36,751 | €60,032 | ▲ 63.3% |
| Taxes450/3 | - | €15,704 | €0 | €10,191 | €34,191 | ▲ 236% |
| Remuneration and social security454/9 | - | €23,614 | €20,711 | €26,560 | €25,840 | ▼ 2.7% |
| Accrued charges and deferred income492/3 | - | €589,007 | €242,982 | €699,479 | €666,590 | ▼ 4.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€307,131 | -€77,817 | -€139,409 | €249,422 | €115,715 | ▼ 53.6% |
| + Depreciation and write-downs630 | €524,213 | €414,223 | €259,924 | €234,539 | €246,964 | ▲ 5.3% |
| Operating cash flow (approximation) | €217,082 | €336,406 | €120,515 | €483,962 | €362,679 | ▼ 25.1% |
| Investment in fixed assets (approximation) | - | -€646,082 | -€281,038 | -€306,513 | -€273,720 | ▲ 10.7% |
| Change in cash | - | -€268,530 | €10,670 | €363,378 | -€6,733 | ▼ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500,000Eq €507,916 ▲11.1%
2 profitable years in a row build equity to €507,916.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €249,422
Net result €249,422 after 5 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.48
Current ratio from 1.63 to 3.48; short-term debt falls from €369,234 to €365,012.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €314,372 ▲75.7%
Equity rises from €178,904 to €314,372.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Gent · 2 establishment units since 2014
Ground area
5.7 ha
Building footprint
1.2 ha
Volume, LiDAR
16,099 m³
3 parcels, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
2 establishment units
DuCoop
since 20142.234.607.707
DuCoop
since 20192.375.415.578
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0718/00R000 | Flanders | 3.8 ha | 1 · 9,120 m² | - |
| 44062A0160/00E000 | Flanders | 1.8 ha | 1 · 2,148 m² | 10.0 m · 3 fl. |
| 44807G0760/04M000 | Flanders | 612 m² | 1 · 436 m² | 2.2 m |
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
Owners and holdings
2 ownersOwners 2
-
25.07%
-
10.43%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,200 EUR awarded · 1,200 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,200 EUR | 1,200 EUR |
European research
3 projects · 822,765 EUR EU contributionProgrammes
Projects
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Identification & contact
Identification
Legal formCooperative company
Founded18-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
35130Electricity, gas, steam and air conditioning supply
E-invoicing
Reachable via Peppol
Peppol ID
0208:0562869422
Also
9925:BE0562869422
Registered
20-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.