Equity
€98,815 ▲ 9.1%
Duka Developments has made a profit in every financial year since 2023.
Duka Developments
Overview
Lifetime
3 annual accounts with figures on one time axispeak €73,114 (2025)
€73,114▲ 21.5%
peak €45,793 (2024)
€8,278▼ 81.9%
peak €98,815 (2025)
€98,815▲ 9.1%
€223,313▲ 13×
Board2 names since 2022
1 director
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €60,170 to €73,114Result from €45,793 to €8,278Debts from €17,070 to €223,313Cash from €78,836 to €42,951
Key points
from the 2025 annual accountsTurnover
≈ €190,000 estimated
The micro format states no turnover.
Debts
€223,313 ▲ 13×
Debts rose by €206,243 in 2025.
Investments
€228,970 131.4 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.30 was 6.30 in 2024
Short-term debts rose from €17,070 to €41,348.
Filings
3 annual accounts 2 late
The 2025 accounts came latest: 28 days after the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,545 companies had the same profile as Duka Developments has now. Each dot stands for 7 companies, two years later.
94.3%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,545 companies, not a prediction for Duka Developments. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0789280090
Incorporation
Founding capital of €1,500, 750 shares · Founder: · Appointment: (director) · published on 03-08-2022 · Gazette deed
First establishment
Vijverhoflaan 27, Sint-Martens-Latem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Duka Developments Sint-Martens-Latem | €322,128 | €73,114 | 30.7% | - |
| CONCREBO Sint-Gillis-Waas | €283,011 | €67,452 | 43.4% | - |
| JF INVEST Temse | €308,072 | €41,927 | 1.5% | - |
| ECO-CONSTRUCTION Sint-Truiden | €299,109 | €94,879 | 34.0% | - |
| STABUTECH ENGINEERING Heist-op-den-Berg | €273,824 | €69,400 | -2.0% | 1.8 |
| Jan Van Impe Heist-op-den-Berg | €288,649 | €83,787 | 15.6% | - |
| Zacon Zandhoven | €344,072 | €77,362 | -2.7% | - |
These companies have the same main activity as Duka Developments: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €274,000 and €344,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 01-08-2022Normal situation
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Establishment unit
- 2.338.457.6879830 Sint-Martens-Latem, since 01-08-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 08-02-2026
Annual accounts 2025
- €73,114▲ 21.5%
- €8,278▼ 81.9%
- €98,815▲ 9.1%
- €322,128▲ 199%
- Filing
- Filed on 28-08-2026
Insights on Duka Developments
Duka Developments files the micro format. That format states no turnover. The gross margin rose from €58,507 in 2023 to €73,114 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-08-2026, 28 days late€73,114
▲ 21.5%
€13,747
▼ 76.9%
€8,278
▼ 81.9%
€53,553
▼ 40.8%
30.7%
▼ 53.5 percentage points
2.30
▼ 4.01
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €99,000 and €450,000.
Balance sheet
balance sheet total €322,128 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
30.7%
Higher than 50% of 19,803 companies in 2025.
2.30
Higher than 70% of 18,977 companies in 2025.
2.6%
Higher than 57% of 19,446 companies in 2025.
Duka Developments
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
322,128 | 107,607 | 60,970 | |
21/28 |
227,227 | - | - | |
22/27 |
227,227 | - | - | |
22 |
226,186 | - | - | |
24 |
1,041 | - | - | |
29/58 |
94,901 | 107,607 | 60,970 | |
40/41 |
49,955 | 27,827 | 19,771 | |
40 |
24,140 | 23,958 | 19,771 | |
41 |
25,816 | 3,869 | - | |
54/58 |
42,951 | 78,836 | 40,461 | |
490/1 |
1,995 | 944 | 737 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
322,128 | 107,607 | 60,970 | |
10/15 |
98,815 | 90,537 | 44,744 | |
10/11 |
1,500 | 1,500 | 1,500 | |
13 |
97,315 | 89,037 | 43,244 | |
133 |
97,315 | 89,037 | 43,244 | |
17/49 |
223,313 | 17,070 | 16,225 | |
17 |
181,965 | - | - | |
170/4 |
181,965 | - | - | |
42/48 |
41,348 | 17,070 | 16,225 | |
42 |
10,193 | - | - | |
44 |
1,447 | 631 | - | |
440/4 |
1,447 | 631 | - | |
45 |
29,708 | 16,438 | 13,681 | |
450/3 |
29,708 | 16,438 | 13,681 | |
47/48 |
- | - | 2,544 | |
| Income statement | ||||
9900 |
73,114 | 60,170 | 58,507 | |
630 |
1,743 | - | - | |
640/8 |
57,625 | 636 | 1,436 | |
66A |
- | - | 1,000 | |
9901 |
13,747 | 59,534 | 56,071 | |
75/76B |
0 | 2 | 2 | |
75 |
0 | 2 | 2 | |
65/66B |
2,782 | 1,634 | 1,411 | |
65 |
2,782 | 1,634 | 1,411 | |
9903 |
10,965 | 57,902 | 54,661 | |
67/77 |
2,687 | 12,109 | 11,417 | |
9904 |
8,278 | 45,793 | 43,244 | |
9905 |
8,278 | 45,793 | 43,244 | |
| Appropriation of the result | ||||
9906 |
8,278 | 45,793 | 43,244 | |
691/2 |
8,278 | 45,793 | 43,244 | |
6921 |
8,278 | 45,793 | 43,244 | |
| Document | ||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00439194.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 15,490 | - | - | ||
| 10,021 | - | - | ||
| 228,970 | - | - | ||
| -35,885 | 38,374 | - | ||
| 53,553 | 90,537 | 44,744 | ||
| 30.7% | 84.1% | 73.4% | ||
| 2.30 | 6.30 | 3.76 | ||
| 2.26 | 0.19 | 0.36 | ||
| 8.4% | 50.6% | 96.6% | ||
| 2.6% | 42.6% | 70.9% | ||
| 5.57 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €228,970 | - | - |
| €1,743 | - | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Duka Developments
The operating result for 2025 is 77% lower than in 2024 and the lowest since 2023.
Debt's share of the balance-sheet total rises from 15.9% to 69.3%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationMandates through the years
2 names, the dashed line is todayDirector
Director
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
-
- Director, since before 31-12-2023
-
- Director, from 01-08-2022, no longer listed in the 2025 annual accounts
Control
Founder
This company
Duka Developments
Equity €98,815
Profit €8,278 in 2025
Capital
- Contribution
- €1,500
- Shares
- 750
- Contribution per share
- €2
- Equity per share
- €132 in 2025
- Source
- deed of 03-08-2022
Articles of association
deed of 03-08-2022 (in Dutch)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Tuesday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, een of meerdere vereffenaars aanduiden bevoegdheden omlijnen vergoeding bepalen”
Founder
At incorporation
deed of 03-08-2022 ↗
- sole founder · 100% at incorporation
Network & group
No group
Duka Developments has no parent and no holdings in its annual accounts. is the only director. Duka Developments shares no director with another company.
Timeline
Timeline
8 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 28 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0789280090
2025
Weakest financial year net €8,278 ▼81.9% The net result drops to €8,278, the lowest from 2023 to 2025.
Annual accounts 2024 filed PDFmicro format · 3 days before the deadline
2024
Highest result from 2023 to 2025 net €45,793 ▲5.9% The operating result of €59,534 and the net result of €45,793 are both a record.
Annual accounts 2023 filed PDFmicro format · 23 days late
2022
IncorporationFounding capital of €1,500, 750 shares · Founder: · Appointment: (director) · published on 03-08-20225 points ▸
- Founder,
- Registered office clause, Vijverhoflaan 27A, 9830 Sint-Martens-Latem
- Director appointment,
- Power of attorney,
- Founding capital, €1,500, 750 shares
- The deed holds 1 more point.
First establishment Vijverhoflaan 27, Sint-Martens-Latem
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0789.280.090
- VAT number
- BE 0789.280.090
- Peppol ID
- 0208:0789280090
- Other Peppol ID
- 9925:BE0789280090
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 01-08-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Tuesday of June at 18:00deed of 03-08-2022 (in Dutch)
- Peppol
- Reachable since 08-02-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Duka Developments in Dutch
- Entity type
- Legal entity
- Name clauseThe company operates under this name according to its articles.
- Duka Developmentsdeed of 03-08-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 03-08-2022 (in Dutch)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
41102
Construction of residential and non-residential buildings
71121
Engineering activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het leveren van diensten bij het opmaken van stabiliteitsberekeningen- en tekeningen als projectmanager (of projectleider) ingenieur…”deed of 03-08-2022 (in Dutch)
9 activities
- Het leveren van diensten bij het opmaken van stabiliteitsberekeningen- en tekeningen als projectmanager (of projectleider) ingenieur stabiliteit
- Het leveren van diensten als projectontwikkelaar-en coördinator
- Het aantreden als projectontwikkelaar voor eigen projecten
- De ontwikkeling van bouwprojecten
- Overige werkzaamheden in verband met de afwerking van gebouwen
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,het laten bouwen,de verbouwing,de binnenshuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten
- Alle handelingen die betrekking hebben op onroerende leasing
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen
- Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten,industriële,commerciële,financiële,landbouw- of immobiliënvennootschappen of -ondernemingen;het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt;het deelnemen aan hun beheer,bestuur,vereffening en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Vijverhoflaan 27 registered office 9830 Sint-Martens-Latem | 01-08-2022 | 2.338.457.687 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0789.280.090