DUKE
ActiveSummary
DUKE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12,176 and a net result of €12,555. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency59▲+36
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.3 in 2023; short-term debt: 49.2% and cash: 15.2% of total assets), and 65.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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 →
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
34.5%
Return on assets
35.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
1 d late
2023
20 d early
2022
1 d late
2021
71 d late
2020
11 d early
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€12,176
2023 · -€379
Total assets
€35,310▲ 61.0%
2023 · €21,934
Net result
€12,555▲ 20.1%
2023 · €10,451
Working capital
€2,865
2023 · -€9,768
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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-€6,092-€15,206▼ 150%€4,988€11,653▲ 134%€16,588▲ 42.3%
Net result-€7,499within the sector's middle half▼ 471%-€17,414below the sector's middle half▼ 132%€3,727within the sector's middle half€10,451within the sector's middle half▲ 180%€12,555within the sector's middle half▲ 20.1%
Equity€2,857below the sector's middle half▼ 72.4%-€14,557below the sector's middle half-€10,830below the sector's middle half▲ 25.6%-€379below the sector's middle half▲ 96.5%€12,176within the sector's middle half
Total assets€46,465below the sector's middle half▲ 67.8%€37,199below the sector's middle half▼ 19.9%€34,437below the sector's middle half▼ 7.4%€21,934below the sector's middle half▼ 36.3%€35,310below the sector's middle half▲ 61.0%
Debt€43,608▲ 152%€51,757▲ 18.7%€45,267▼ 12.5%€22,313▼ 50.7%€23,134▲ 3.7%
Working capital-€9,637▼ 988%-€27,501▼ 185%-€18,656▲ 32.2%-€9,768▲ 47.6%€2,865
Solvency6.1%within the sector's middle half▼ 31.3pp-39.1%below the sector's middle half▼ 45.3pp-31.4%below the sector's middle half▲ 7.7pp-1.7%below the sector's middle half▲ 29.7pp34.5%within the sector's middle half▲ 36.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 42% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35,310
Fixed assets
€15,074 ▼ 15.0%
Current assets
€20,236 ▲ 382%
Equity and liabilities €35,310
Equity
€12,176
Debt
€23,134
Debt finances 65.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€23,877▲
2023 · €18,868
Cash flow
€19,844▲
2023 · €17,666
Current ratio
1.16▲
2023 · 0.30
Debt to equity
1.90
ROE
103.1%
ROA
35.6%▼
2023 · 47.6%
Interest coverage
24.80▲
2023 · 22.20
Debt ≤ 1 year
€17,371▲
2023 · €13,964
Debt > 1 year
€3,114▼
2023 · €8,349
Income taxes
€3,257▲
2023 · €352
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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 | - | - | - | €2,256 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,715 | €10,922 | €10,178 | €7,215 | €7,289 | ▲ 1.0% |
| Other operating charges640/8 | - | €352 | €348 | €1,394 | €1,466 | ▲ 5.2% |
| Gross operating margin9900 | €971 | -€3,933 | €15,513 | €20,262 | €25,343 | ▲ 25.1% |
| Operating profit (loss)9901 | -€6,092 | -€15,206 | €4,988 | €11,653 | €16,588 | ▲ 42.3% |
| Financial income75/76B | - | €0 | - | €0 | €187 | ▲ 311,633% |
| Recurring financial income75 | €8 | €0 | - | €0 | €187 | ▲ 311,633% |
| Financial charges65/66B | - | €1,869 | €908 | €850 | €963 | ▲ 13.3% |
| Recurring financial charges65 | €1,225 | €1,869 | €908 | €850 | €963 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | -€7,309 | -€17,075 | €4,080 | €10,803 | €15,812 | ▲ 46.4% |
| Income taxes67/77 | €189 | €339 | €352 | €352 | €3,257 | ▲ 824% |
| Profit (loss) for the period9904 | -€7,499 | -€17,414 | €3,727 | €10,451 | €12,555 | ▲ 20.1% |
| Profit (loss) for the period to be appropriated9905 | -€7,499 | -€17,414 | €3,727 | €10,451 | €12,555 | ▲ 20.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,465 | €37,199 | €34,437 | €21,934 | €35,310 | ▲ 61.0% |
| Fixed assets21/28 | €35,803 | €31,462 | €21,284 | €17,738 | €15,074 | ▼ 15.0% |
| Tangible fixed assets22/27 | €35,803 | €31,462 | €21,284 | €17,738 | €15,074 | ▼ 15.0% |
| Plant, machinery and equipment23 | - | €7,457 | €4,798 | €4,153 | €8,131 | ▲ 95.8% |
| Furniture and vehicles24 | - | €24,005 | €16,486 | €13,585 | €6,944 | ▼ 48.9% |
| Current assets29/58 | €10,662 | €5,737 | €13,152 | €4,196 | €20,236 | ▲ 382% |
| Amounts receivable within one year40/41 | €7,592 | €1,500 | - | €834 | €14,063 | ▲ 1,587% |
| Trade receivables40 | - | €1,500 | - | - | €14,063 | - |
| Other amounts receivable41 | - | - | - | €834 | - | - |
| Cash at bank and in hand54/58 | €1,527 | €2,218 | €9,606 | €2,572 | €5,383 | ▲ 109% |
| Deferred charges and accrued income490/1 | - | €2,019 | €3,547 | €790 | €790 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,465 | €37,199 | €34,437 | €21,934 | €35,310 | ▲ 61.0% |
| Equity10/15 | €2,857 | -€14,557 | -€10,830 | -€379 | €12,176 | ▲ 3,312% |
| Contributions10/11 | - | €500 | €500 | €500 | €500 | = |
| Reserves13 | €11,168 | €11,168 | €11,168 | €11,168 | €11,676 | ▲ 4.5% |
| Non-distributable reserves130/1 | - | €50 | €50 | €50 | €50 | = |
| Reserves not available under the articles1311 | - | €50 | €50 | €50 | €50 | = |
| Distributable reserves133 | - | €11,118 | €11,118 | €11,118 | €11,626 | ▲ 4.6% |
| Profit (loss) carried forward14 | -€8,811 | -€26,225 | -€22,498 | -€12,047 | - | - |
| Amounts payable17/49 | €43,608 | €51,757 | €45,267 | €22,313 | €23,134 | ▲ 3.7% |
| Amounts payable after more than one year17 | €23,309 | €18,444 | €13,458 | €8,349 | €3,114 | ▼ 62.7% |
| Financial debts170/4 | - | €18,444 | €13,458 | €8,349 | €3,114 | ▼ 62.7% |
| Amounts payable within one year42/48 | €20,299 | €33,238 | €31,808 | €13,964 | €17,371 | ▲ 24.4% |
| Current portion of amounts payable after more than one year42 | - | €4,865 | €4,986 | €5,109 | €5,236 | ▲ 2.5% |
| Trade debts44 | €3,081 | €2,153 | €3,061 | €2,945 | €2,093 | ▼ 28.9% |
| Suppliers440/4 | - | €2,153 | €3,061 | €2,945 | €2,093 | ▼ 28.9% |
| Taxes, remuneration and social security45 | - | €2,017 | €3,131 | €363 | €7,147 | ▲ 1,871% |
| Taxes450/3 | - | €2,017 | €3,131 | €363 | €7,147 | ▲ 1,871% |
| Other amounts payable47/48 | - | €24,203 | €20,631 | €5,548 | €2,896 | ▼ 47.8% |
| Accrued charges and deferred income492/3 | - | €75 | - | - | €2,650 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,499 | -€17,414 | €3,727 | €10,451 | €12,555 | ▲ 20.1% |
| + Depreciation and write-downs630 | €6,715 | €10,922 | €10,178 | €7,215 | €7,289 | ▲ 1.0% |
| Operating cash flow (approximation) | -€783 | -€6,493 | €13,905 | €17,666 | €19,844 | ▲ 12.3% |
| Investment in fixed assets (approximation) | - | -€6,581 | €0 | -€3,669 | -€4,625 | ▼ 26.1% |
| Change in cash | - | €691 | €7,388 | -€7,034 | €2,811 | ▲ 140% |
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
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Highest result since 2018net €12,555 ▲20.1%
Operating result €16,588, net result €12,555, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.16
Current ratio from 0.30 to 1.16.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Back to profitnet €3,727
Net result €3,727 after 3 loss-making years.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
31-12
Financial
Weakest financial yearnet -€17,414
Net result drops to -€17,414, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 315 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Scherpenheuvel-Zichem · 1 establishment unit since 2016
Ground area
2,696 m²
Building footprint
213 m²
Volume, LiDAR
1,377 m³
Parcel 24005A0109/00S003, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Langedreef 50, 3271 Scherpenheuvel-Zichem
since 20162.264.646.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24005A0109/00S003 | Flanders | 2,696 m² | 1 · 213 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 9,699 companies in sector 68121 we hold annual accounts for 7,393. 3,362 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43341Painting of buildings
43421Specialised construction activities
43422Screed work
43910Bricklaying and masonry work
71112Activities of interior architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0664953509
Also
9925:BE0664953509
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.