DUCK

Active

Public limited companyfounded 198342 yrs activeLéo Erreralaan 59, 1180 Ukkel, BelgiumKBO/BCE: BE 0424.870.886

Summary

DUCK has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €996k and a net result of €-14k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

57 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability48▲+10

Solvency44▼-2

Growth52=

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €55k at 30 days acceptable

Liquidity short (current ratio 0.35 against 0.02 in 2023; short-term debt: 34.5% and cash: 0.9% of total assets), and 81.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2024

Solvency, return and age of the figures

Solvency

18.9%

Return on assets

-0.3%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-14k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

85 d late

2022

66 d late

2021

92 d late

2020

81 d late

2019

136 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€996k▼ 1.4%

2023 · €1.01M

2018: €430k 2019: €1.33M 2020: €1.32M 2021: €1.34M 2022: €1.06M 2023: €1.01M

2018 → 2024

Total assets

€5.28M▲ 11.3%

2023 · €4.74M

2018: €3.70M 2019: €6.50M 2020: €6.32M 2021: €5.26M 2022: €4.87M 2023: €4.74M

2018 → 2024

Net result

€-14k▲ 68.5%

2023 · €-45k

2018: €19k 2019: €5k 2020: €-16k 2021: €19k 2022: €-283k 2023: €-45k

2018 → 2024

Working capital

€-1.18M▲ 17.7%

2023 · €-1.43M

2018: €454k 2019: €-2.51M 2020: €-1.05M 2021: €-1.13M 2022: €-1.32M 2023: €-1.43M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€1.32M-€1.34M▲ 1.4%€1.06M▼ 21.1%€1.01M▼ 4.3%€996k▼ 1.4%

Operating result€78k-€100k▲ 27.6%€-213k€39k€145k▲ 267%

Net result€-16k-€19k€-283k€-45k▲ 83.9%€-14k▲ 68.5%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 267% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €5.28M

87.8%

12.2%

Fixed assets €4.63M ▼ 1.8%

Current assets €642k ▲ 2,542%

Equity and liabilities €5.28M

18.9%

81.1%

Equity €996k ▼ 1.4%

Debt €4.28M ▲ 14.7%

Debt's share of the balance-sheet total rises from 78.7% to 81.1%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€339k▲

2023 · €232k

Cash flow

€180k▲

2023 · €147k

Current ratio

0.35▲

2023 · 0.02

Debt to equity

4.30▲

2023 · 3.70

ROE

-1.4%▲

2023 · -4.5%

ROA

-0.3%▲

2023 · -1.0%

Interest coverage

3.54▲

2023 · 2.40

Debt ≤ 1 year

€1.82M▲

2023 · €1.45M

Debt > 1 year

€2.44M▲

2023 · €2.14M

Income taxes

€65k▲

2023 · €63

Staff costs

€17k▼

2023 · €18k

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 · 2024 against 2023 · 56 lines

Balance sheet Code20232024

Assets

Total assets20/58€4.74M€5.28M▲

Fixed assets21/28€4.72M€4.63M▼

Tangible fixed assets22/27€4.64M€4.45M▼

Land and buildings22€4.64M€4.45M▼

Plant, machinery and equipment23€1k€838▼

Furniture and vehicles24€0€0=

Other tangible fixed assets26-€3k

Financial fixed assets28€79k€185k▲

Current assets29/58€24k€642k▲

Amounts receivable after more than one year29-€408k

Other amounts receivable291-€408k

Amounts receivable within one year40/41€10k€189k▲

Trade receivables40€10k€52k▲

Other amounts receivable41€51€137k▲

Cash at bank and in hand54/58-€45k

Deferred charges and accrued income490/1€15k€0▼

Equity and liabilities

Total equity and liabilities10/49€4.74M€5.28M▲

Equity10/15€1.01M€996k▼

Contributions10/11€962k€962k=

Capital10€962k€962k=

Issued capital100€962k€962k=

Reserves13€96k€96k=

Non-distributable reserves130/1€96k€96k=

Legal reserve130€96k€96k=

Profit (loss) carried forward14€-48k€-62k▼

Amounts payable17/49€3.73M€4.28M▲

Amounts payable after more than one year17€2.14M€2.44M▲

Financial debts170/4€2.14M€2.44M▲

Amounts payable within one year42/48€1.45M€1.82M▲

Current portion of amounts payable after more than one year42€549k€867k▲

Financial debts43€9k€0▼

Credit institutions430/8€9k€0▼

Trade debts44€6k€722▼

Suppliers440/4€6k€722▼

Taxes, remuneration and social security45€30k€81k▲

Taxes450/3€28k€79k▲

Remuneration and social security454/9€2k€2k▼

Other amounts payable47/48€862k€870k▲

Accrued charges and deferred income492/3€142k€23k▼

Income statement Code20232024

Remuneration, social security and pensions62€18k€17k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€193k€194k▲

Other operating charges640/8€15k€16k▲

Non-recurring operating charges66A-€178

Gross operating margin9900€265k€372k▲

Operating profit (loss)9901€39k€145k▲

Financial income75/76B€12k€1k▼

Recurring financial income75€12k€1k▼

Financial charges65/66B€97k€96k▼

Recurring financial charges65€97k€96k▼

Profit (loss) for the period before taxes9903€-45k€50k▲

Income taxes67/77€63€65k▲

Profit (loss) for the period9904€-45k€-14k▲

Profit (loss) for the period to be appropriated9905€-45k€-14k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-48k€-62k▼

Profit (loss) brought forward from the previous period14P€-2k€-48k▼

Social balance

Average headcount (FTE)9087-0.6

The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Timeline · acts, filings and financial milestones

All 17Financial 3Gazette 4Filings 10

2026

11-08

State Gazette act Registered-office move · Director reappointment

Permanent representative · Director resignation

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 61 days late

2024

24-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 85 days late

2023

05-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 66 days late

2022

31-12

Financial Weakest financial yearnet €-283k

Net result drops to €-283k, the lowest in the series; recovery starts the following year.

31-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 92 days late

2021

31-12

Financial Back to profitnet €19k

Net result €19k after one loss-making year.

20-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 81 days late

2020

14-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 136 days late

2019

31-12

Financial Equity above €1MEq €1.33M ▲211%

2 profitable years in a row build equity to €1.33M.

17-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 78 days late

2018

26-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 57 days late

Show earlier events

18-07

State Gazette act General meeting · Statutes amendment

Director resignation · Director discharge · Jan Boeykens

22-05

State Gazette act General meeting · Director resignation

Director appointment · Permanent representative

22-05

State Gazette act General meeting · Director resignation

Director appointment · Permanent representative

2017

28-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 59 days late

2016

12-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 73 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 10 acts read

About the unread acts

We know of 10 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

10 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, Ukkel · 2 establishment units since 1983

seat establishment All 2 establishment units on the map

Ground area

1.2 ha

Building footprint

2,477 m²

Volume, LiDAR

6,835 m³

3 parcels, Brussels, Flanders · tallest building 23.4 m, ±4 floors. Linked by address, not a title deed.

4 companies at this address See who is registered here

2 establishment units

LUMAKRI

Michel De Braeystraat 55, 2000 AntwerpenBusiness consulting

since 19832.102.413.830

Kastanjelaan 13, 2610 Antwerpen

Business consulting

since 20192.294.111.762

3 parcels

Flanders 2 (66.7%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11811L3991/00A000	Flanders	8,183 m²	1 · 1,836 m²	-
11051B0225/00S003	Flanders	3,236 m²	1 · 301 m²	17.5 m · 4 fl.
21618B0298/00D003	Brussels	292 m²	1 · 340 m²	23.4 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Connections & network

1 connected company

Linked via shared directors

RAC 4

Shared director

→

Ownership & control

1 board mandate

Board mandates of this companythis company sits on their board1

URBAN LIVING PROJECT MANAGEMENT

1 location

Recognitions · licences · registrations

Legal Entity Identifier

87550027D0R884CZ1Z42

no longer live in the LEI register

Similar companies · same sector, comparable size

CASELIA DEVELOPMENT

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DEN BOSMEULEN

BE 0836.773.567

Waasmunster · Eq €996,205

Rollo

BE 0751.796.817

Baarle-Hertog · Eq €994,827

Hasselt · Eq €994,249

Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,237 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 formPublic limited company

Founded24-11-1983

Fiscal year end31-12

Activities, NACEBEL 2025

68110Buying and selling of own real estate

74999Other professional, scientific and technical activities

Sources

Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

General meetings

1 convocation

Ordinary general meeting

at the registered office · published 17-05-2006

Agenda

Verslag raad van bestuur. Goedkeuring van de jaarrekening. Bestemming resultaat. Kwijting aan bestuurders. Eventuele statutaire benoemingen. Diversen. (24077) Cavens Wijnen, naamloze vennootschap, Limburgstraat 49-53, 2020 Antwerpen Ondernemingsnummer 0424.158.729 Algemene vergadering op de zetel op 03/06/2006, om 14 uur. Agenda : Verslag raad van bestuur. Goedkeuring van de jaarrekening. Bestemming resultaat. Kwijting aan bestuurders. Eventuele statutaire benoemingen. Diversen. (24078) Kerkhove-Werbrouck, naamloze vennootschap, Iepersestraat 25, 8800 Roeselare Ondernemingsnummer 0443.513.593 Algemene vergadering op de zetel op 03/06/2006, om 15 uur. Agenda : Verslag raad van bestuur. Goedke ...