Equity
€254,283 from €1.5m in 2016
Equity fell by 83% in 9 years.
Duke & Grace
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €4.3m (2019)
€50,327▼ 21.4%
lowest -€1.1m (2022)
€3,578▲ 676%
peak €1.5m (2016)
€254,283▲ 1.4%
€17,789▼ 4.0%
peak 64.9 FTE (2018)
-not published
Board7 names since 2011
2 directorsFirst Things First and 1 other
Owners6 names in the annual accounts
100%MANDELBROT and 1 other
Documentsfilings and deeds
23-06-202638 days before the deadline
2025abbreviated format
Gross margin from €64,031 to €50,327Result from €461 to €3,578Cash from €4,335 to €2,016
Key points
from the 2025 annual accountsTurnover
≈ €100,000 estimated
The accounts state no turnover.
Position in the sector
93.5%
Higher solvency than 89% of companies in head offices and management consultancy. Sector median 52.4% · 10,847 companies.
Checked score
92
Excellent
Financially stronger than 47% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.4%● unchanged vs 07-2025highest value
09-2025: 0.4%● unchanged vs 08-2025highest value
10-2025: 0.4%● unchanged vs 09-2025highest value
11-2025: 0.4%● unchanged vs 10-2025highest value
12-2025: 0.4%● unchanged vs 11-2025highest value
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.1%▼ -0.3 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 13.12, cash €2,016, halved
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Equity €254,283 (93.5% of total assets)
Founded in 2000
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 38% on liquidity, 20% on profitability and 45% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as Duke & Grace has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Duke & Grace itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,041 companies, not a prediction for Duke & Grace. 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
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 13.12 (12.45 in 2024), above the usual 1.5. Short-term debt is 6.5% and cash 0.7% of total assets. 6.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
34 days early
2023
28 days early
2022
27 days early
2021
40 days late
2020
19 days early
2019
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- MANDELBROT 100%equity -€205,999 (2025) · 31-03-2025 annual accounts of MANDELBROT
- Springbok 100%score 83equity €5.2m (2025) · 2025 annual accounts of Springbok
- DE Eik NV consolidatesannual accounts 2025
Shares in 1 company, TALKING HEADS
Board & ownershipRecent changes
Registered office moved within Ghent
New registered office: Charles de Kerchovelaan 14, 9000 Gent · Previous registered office: Foreestelaan 1, 9000 Gent · Gazette deed
Appointment: BOGAERT & BOSMANS Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Tanja Bosmans · General meeting of 20-11-2023 · Gazette deed
Permanent representatives: Geert Desager and Margo Allaerts
Board meeting of 01-09-2023 · Gazette deed
2 directors appointed, 3 resignations
Resignations: PZAZZ BV, WEBOMATIC BV and MANDELBROT NV · Appointments: First Things First BV and Springbok Group BV · Permanent representatives: Dirk Sabbe, Bart De Waele, Jlse Jansoone, Sammy Colson and Kim Verhaeghen · General meeting of 16-01-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Duke & Grace Ghent | €272,072 | €50,327 | 93.5% | - |
| CAPABILITIES Ghent | €304,503 | €42,608 | 83.2% | - |
| STEF E&C Destelbergen | €275,960 | €56,179 | 50.5% | - |
| VEERNICO Lochristi | €269,940 | €60,403 | 44.3% | - |
| Y.D.W. CONSULT Aalst | €265,042 | €54,360 | 41.6% | - |
| JD FINANCIAL SERVICES Ghent | €233,515 | €44,701 | 64.1% | - |
| WILLEMS MANAGEMENT SERVICES Aalst | €220,827 | €53,179 | 74.7% | - |
These companies have the same main activity as Duke & Grace: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €221,000 and €305,000, founded between 2000 and 2003.
Official details
Source: KBO- Status
- Active since 18-10-2000Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.290.132.0899000 Ghent, since 02-05-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €272,072▲ 1.1%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on Duke & Grace
Duke & Grace files the abbreviated format. That format states no turnover. The gross margin fell from €189,779 in 2006 to €50,327 in 2025.
MANDELBROT holds all the shares. In January 2023, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Duke & Grace
- What is the company number of Duke & Grace?
- The company number of Duke & Grace is 0473.071.275. The VAT number is the same number with BE in front: BE 0473.071.275.
- Where is Duke & Grace based?
- The registered office is at Charles de Kerchovelaan 14, 9000 Ghent.Company details
- What does Duke & Grace do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Duke & Grace?
- Duke & Grace is a private limited company (BV).
- When was Duke & Grace founded?
- Duke & Grace was founded on 18-10-2000.
- Is Duke & Grace still active?
- Yes, Duke & Grace is an active enterprise in the KBO register.
- How many employees does Duke & Grace have?
- Duke & Grace had an average of 35.2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does Duke & Grace fall under?
- In its 2025 annual accounts, Duke & Grace states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Duke & Grace?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €50,327 and 65 comparable companies (NACE 70200). It probably lies between €72,000 and €150,000. In financial year 2023 turnover was €5.4m.
- Is Duke & Grace profitable?
- In financial year 2025, Duke & Grace made a profit of €3,578.
- Where can I find the annual accounts of Duke & Grace?
- Duke & Grace filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Duke & Grace due?
- Duke & Grace must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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