RED DUCK
ActiveSummary
RED DUCK has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €490,916 and a net result of €13,228. Equity is growing by ~3.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+5
Solvency42=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.13 in 2024; short-term debt: 26.8% and cash: 2.6% of total assets), and 82.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.3%
Return on assets
0.5%
Age of the figures
9 mo
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
9 d early
2023
6 d late
2022
27 d early
2021
5 d early
2020
18 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 24 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 22 July (4 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 2025, micro schema
Equity
€490,916▲ 2.8%
2024 · €477,688
Total assets
€2.8m▲ 3.7%
2024 · €2.7m
Net result
€13,228
2024 · -€41,127
Working capital
-€632,972▲ 4.0%
2024 · -€659,194
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,512▲ 113%€2,344▼ 94.5%-€31,095€8,499€74,701▲ 779%
Net result€18,795▲ 1,135%-€9,835€126,211-€41,127€13,228
Equity€402,439▲ 4.9%€392,604▼ 2.4%€518,815▲ 32.1%€477,688▼ 7.9%€490,916▲ 2.8%
Total assets€1.9m▼ 0.8%€1.9m▼ 0.8%€1.8m▼ 1.4%€2.7m▲ 49.7%€2.8m▲ 3.7%
Debt€1.5m▼ 2.3%€1.4m▼ 2.6%€1.3m▼ 11.8%€2.2m▲ 77.4%€2.3m▲ 5.1%
Working capital-€932,923▼ 1.3%-€993,571▼ 6.5%-€671,307▲ 32.4%-€659,194▲ 1.8%-€632,972▲ 4.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 779% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€2.7m ▲ 2.8%
Current assets
€127,363 ▲ 28.3%
Equity and liabilities €2.8m
Equity
€490,916 ▲ 2.8%
Provisions
€0 ▼ 100%
Debt
€2.3m ▲ 5.1%
Debt's share of the balance-sheet total rises from 81.6% to 82.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€217,717▲
2024 · €166,579
Cash flow
€156,243▲
2024 · €116,953
Current ratio
0.17▲
2024 · 0.13
Debt to equity
4.78▲
2024 · 4.68
ROE
2.7%▲
2024 · -8.6%
ROA
0.5%▲
2024 · -1.5%
Interest coverage
3.69▲
2024 · 3.38
Debt ≤ 1 year
€760,336▲
2024 · €758,498
Debt > 1 year
€1.6m▲
2024 · €1.5m
Income taxes
€2,466▲
2024 · €288
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,338 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 4,681 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75,044 | €82,385 | €135,716 | €158,080 | €143,016 | ▼ 9.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €32,500 | €17,392 | -€24,892 | -€25,000 | ▼ 0.4% |
| Other operating charges640/8 | €8,599 | €11,305 | €17,010 | €32,798 | €21,425 | ▼ 34.7% |
| Gross operating margin9900 | €126,155 | €128,535 | €139,023 | €174,485 | €214,141 | ▲ 22.7% |
| Operating profit (loss)9901 | €42,512 | €2,344 | -€31,095 | €8,499 | €74,701 | ▲ 779% |
| Financial income75/76B | - | - | €169,488 | €15 | - | - |
| Recurring financial income75 | - | - | €38 | €15 | - | - |
| Non-recurring financial income76B | - | - | €169,450 | - | - | - |
| Financial charges65/66B | €6,740 | €5,568 | €11,887 | €49,353 | €59,008 | ▲ 19.6% |
| Recurring financial charges65 | €6,740 | €5,568 | €11,887 | €49,353 | €59,008 | ▲ 19.6% |
| Profit (loss) for the period before taxes9903 | €35,772 | -€3,224 | €126,506 | -€40,839 | €15,693 | ▲ 138% |
| Income taxes67/77 | €16,977 | €6,611 | €295 | €288 | €2,466 | ▲ 756% |
| Profit (loss) for the period9904 | €18,795 | -€9,835 | €126,211 | -€41,127 | €13,228 | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €18,795 | -€9,835 | €126,211 | -€41,127 | €13,228 | ▲ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.9m | €1.8m | €2.7m | €2.8m | ▲ 3.7% |
| Fixed assets21/28 | €1.7m | €1.7m | €1.8m | €2.6m | €2.7m | ▲ 2.8% |
| Tangible fixed assets22/27 | €1.6m | €1.6m | €1.8m | €2.6m | €2.7m | ▲ 2.8% |
| Land and buildings22 | €1.4m | €1.3m | €1.5m | €2.4m | €2.5m | ▲ 5.0% |
| Plant, machinery and equipment23 | - | - | - | €1,700 | €1,101 | ▼ 35.3% |
| Furniture and vehicles24 | €14,664 | €7,332 | - | - | - | - |
| Other tangible fixed assets26 | €124,476 | €208,446 | €178,117 | €212,318 | €187,050 | ▼ 11.9% |
| Assets under construction and advance payments27 | €73,000 | €73,000 | €73,000 | €20,000 | - | - |
| Financial fixed assets28 | €120,250 | €120,250 | €250 | €250 | €250 | = |
| Current assets29/58 | €161,108 | €121,818 | €49,997 | €99,304 | €127,363 | ▲ 28.3% |
| Amounts receivable within one year40/41 | €99,000 | €100,554 | €1,581 | €2,000 | €42,000 | ▲ 2,000% |
| Trade receivables40 | - | €1,554 | €1,581 | €2,000 | €42,000 | ▲ 2,000% |
| Other amounts receivable41 | €99,000 | €99,000 | - | - | - | - |
| Cash at bank and in hand54/58 | €40,174 | €457 | €29,803 | €80,276 | €74,164 | ▼ 7.6% |
| Deferred charges and accrued income490/1 | €21,933 | €20,807 | €18,614 | €17,028 | €11,200 | ▼ 34.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €1.8m | €2.7m | €2.8m | ▲ 3.7% |
| Equity10/15 | €402,439 | €392,604 | €518,815 | €477,688 | €490,916 | ▲ 2.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Revaluation surpluses12 | €348,148 | €326,455 | €304,762 | €283,069 | €261,376 | ▼ 7.7% |
| Reserves13 | €153,711 | €175,404 | €197,097 | €218,791 | €240,484 | ▲ 9.9% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | €151,852 | €173,545 | €197,097 | €218,791 | €240,484 | ▲ 9.9% |
| Profit (loss) carried forward14 | -€118,013 | -€127,847 | -€1,636 | -€42,763 | -€29,536 | ▲ 30.9% |
| Provisions and deferred taxes16 | - | €32,500 | €49,892 | €25,000 | - | - |
| Provisions for liabilities and charges160/5 | - | €32,500 | €49,892 | €25,000 | - | - |
| Other liabilities and charges164/5 | - | €32,500 | €49,892 | €25,000 | - | - |
| Amounts payable17/49 | €1.5m | €1.4m | €1.3m | €2.2m | €2.3m | ▲ 5.1% |
| Amounts payable after more than one year17 | €372,069 | €312,650 | €538,195 | €1.5m | €1.6m | ▲ 7.6% |
| Financial debts170/4 | €364,269 | €304,850 | €521,395 | €1.5m | €1.6m | ▲ 7.7% |
| Other amounts payable178/9 | €7,800 | €7,800 | €16,800 | €19,100 | €19,100 | = |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €721,305 | €758,498 | €760,336 | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | €63,919 | €59,419 | €75,238 | €133,982 | €120,706 | ▼ 9.9% |
| Trade debts44 | €36,017 | €55,921 | €47,848 | €37,672 | €55,311 | ▲ 46.8% |
| Suppliers440/4 | €36,017 | €55,921 | €47,848 | €37,672 | €55,311 | ▲ 46.8% |
| Taxes, remuneration and social security45 | €16,977 | €23,588 | €295 | €288 | €2,466 | ▲ 756% |
| Taxes450/3 | €16,977 | €23,588 | €295 | €288 | €2,466 | ▲ 756% |
| Other amounts payable47/48 | €977,117 | €976,461 | €597,923 | €586,556 | €581,853 | ▼ 0.8% |
| Accrued charges and deferred income492/3 | €690 | €725 | - | €6,100 | €7,122 | ▲ 16.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,795 | -€9,835 | €126,211 | -€41,127 | €13,228 | ▲ 132% |
| + Depreciation and write-downs630 | €75,044 | €82,385 | €135,716 | €158,080 | €143,016 | ▼ 9.5% |
| Operating cash flow (approximation) | €93,839 | €72,551 | €261,926 | €116,953 | €156,243 | ▲ 33.6% |
| Investment in fixed assets (approximation) | - | -€106,315 | -€181,875 | -€1.0m | -€217,134 | ▲ 78.7% |
| Change in cash | - | -€39,718 | €29,346 | €50,473 | -€6,112 | ▼ 112% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €13,228
Net result €13,228 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€41,127
Net result drops to -€41,127, the lowest in the series; recovery starts the following year.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Back to profitnet €126,211
Net result €126,211 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €518,815 ▲32.1%
Equity rises from €392,604 to €518,815.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,522
Net result €1,522 after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 2000
Ground area
355 m²
Building footprint
250 m²
Volume, LiDAR
5,873 m³
Parcel 21447B0185/00G005, Brussels · tallest building 26.2 m, ±8 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Red Duck
since 20002.096.654.406
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0185/00G005 | Brussels | 355 m² | 1 · 250 m² | 26.2 m · 8 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded09-05-2000
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.