DUCOSA
ActiveSummary
DUCOSA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162k and a net result of €-38k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-16
Solvency39▼-14
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 0.29 in 2024; short-term debt: 18.8% of total assets), but 85.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
27 d late
2023
41 d late
2022
30 d late
2021
37 d late
2020
24 d late
2019
62 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€162k▼ 18.8%
2024 · €200k
2018: €90k
2019: €141k
2020: €159k
2021: €153k
2022: €171k
2023: €149k
2024: €200k
2018 → 2025
Total assets
€1.14M▲ 59.5%
2024 · €713k
2018: €444k
2019: €842k
2020: €931k
2021: €863k
2022: €831k
2023: €1.15M
2024: €713k
2018 → 2025
Net result
€-38k
2024 · €51k
2018: €47k
2019: €51k
2020: €18k
2021: €-6k
2022: €18k
2023: €-22k
2024: €51k
2018 → 2025
Working capital
€145k
2024 · €-86k
2018: €-81k
2019: €-218k
2020: €-269k
2021: €-261k
2022: €-243k
2023: €173k
2024: €-86k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€153k-€171k▲ 12.0%€149k▼ 13.0%€200k▲ 34.4%€162k▼ 18.8%
Operating result€31k-€60k▲ 92.8%€14k▼ 76.0%€104k▲ 619%€-10k
Net result€-6k-€18k€-22k€51k€-38k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €104k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€778k ▲ 14.6%
Current assets
€359k ▲ 949%
Equity and liabilities €1.14M
Equity
€162k ▼ 18.8%
Debt
€974k ▲ 90.0%
Debt's share of the balance-sheet total rises from 72.0% to 85.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€76k▼
2024 · €164k
Cash flow
€48k▼
2024 · €111k
Current ratio
1.68▲
2024 · 0.29
Quick ratio
0.10▼
2024 · 0.29
Debt to equity
6.00▲
2024 · 2.57
ROE
-23.1%▼
2024 · 25.6%
ROA
-3.3%▼
2024 · 7.2%
Interest coverage
5.73▼
2024 · 8.08
Debt ≤ 1 year
€214k▲
2024 · €120k
Debt > 1 year
€752k▲
2024 · €384k
Income taxes
€15k▼
2024 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€713k€1.14M▲
Fixed assets21/28€679k€778k▲
Tangible fixed assets22/27€679k€778k▲
Land and buildings22€636k€665k▲
Plant, machinery and equipment23€4k€36k▲
Furniture and vehicles24€38k€76k▲
Other tangible fixed assets26€832€827▼
Current assets29/58€34k€359k▲
Stocks and contracts in progress3-€337k
Stocks30/36-€337k
Amounts receivable within one year40/41€30k€16k▼
Trade receivables40€30k€14k▼
Other amounts receivable41-€3k
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€713k€1.14M▲
Equity10/15€200k€162k▼
Contributions10/11€50k€50k=
Reserves13€150k€112k▼
Tax-exempt reserves132€194€194=
Distributable reserves133€150k€112k▼
Amounts payable17/49€513k€974k▲
Amounts payable after more than one year17€384k€752k▲
Financial debts170/4€264k€632k▲
Other amounts payable178/9€120k€120k=
Amounts payable within one year42/48€120k€214k▲
Current portion of amounts payable after more than one year42€42k€68k▲
Financial debts43€3k€3k▲
Credit institutions430/8€3k€3k▲
Trade debts44€8k€79k▲
Suppliers440/4€8k€79k▲
Advances received on contracts in progress46€13k€34▼
Taxes, remuneration and social security45€48k€37k▼
Taxes450/3€48k€37k▼
Other amounts payable47/48€6k€26k▲
Accrued charges and deferred income492/3€10k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€86k▲
Other operating charges640/8€14k€27k▲
Non-recurring operating charges66A€64€5k▲
Gross operating margin9900€178k€108k▼
Operating profit (loss)9901€104k€-10k▼
Financial income75/76B€127€78▼
Recurring financial income75€127€78▼
Financial charges65/66B€20k€13k▼
Recurring financial charges65€20k€13k▼
Profit (loss) for the period before taxes9903€84k€-23k▼
Income taxes67/77€32k€15k▼
Profit (loss) for the period9904€51k€-38k▼
Profit (loss) for the period to be appropriated9905€51k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€-38k▼
Transfer from equity791/2-€38k
Transfer to equity691/2€51k-
To other reserves6921€51k-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-38k ▼174%
Net result drops to €-38k, the lowest in the series.
31-12
Financial
Liquidity times 6current ratio 1.68
Current ratio from 0.29 to 1.68.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
31-12
Financial
Equity above €150kEq €200k ▲34.4%
Equity rises from €149k to €200k.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
31-12
Financial
Liquidity times 10current ratio 1.67
Current ratio from 0.18 to 1.67; short-term debt falls from €294k to €257k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 37 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
Show earlier events
2020
31-12
Financial
Equity above €150kEq €159k ▲12.8%
3 profitable years in a row build equity to €159k.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Highest result since 2018net €51k ▲9%
Net result €51k, the highest in the series.
31-12
Financial
Equity above €100kEq €141k ▲57%
2 profitable years in a row build equity to €141k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kortrijk · 1 establishment unit since 2015
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.
Pastoriestraat(Heu) 88501 KortrijkGround area
2,537 m²
Building footprint
1,351 m²
Volume, LiDAR
204 m³
Parcel 34016C0105/00W000, Flanders · tallest building 10.4 m. Linked by address, not a title deed.
1 establishment unit
COS-ART VASTGOED
since 20152.247.586.505
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0105/00W000 | Flanders | 2,537 m² | 1 · 1,351 m² | 10.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 5,250 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68121Development of residential building projects
55203Holiday cottages, homes and apartments
66220Insurance agents and brokers
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:dieter.duyvejonck@cos-art.be