Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 10.7 to 6.3.
Financials
Financial year 2025
DUCAJU from Tielt, company number BE0847197307, closed financial year 2025 with a result of € -3,465 after tax. For that financial year DUCAJU recorded revenue of € 1.7 million and equity of € 11.8 million. Compared with financial year 2024, the result moved from € -17,850 to € -3,465. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 11.8 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,465
▲ 81 % less loss than in 2024
Profit after tax over the fiscal year.
€ 46,672
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5.6 million.
People and assets in 2025
6.3
▼ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 561,410
▼ 41% vs 2024
€ 89,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 106,692
▼ 78% vs 2024
€ 24,701 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 372,177
▲ 267% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 141 days on average.
€ 109,326
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,606,600 | € 2,997,000 | € 2,708,400 | € 1,689,300 | ▼ 38% |
| Profit after taxes | € 403,022 | € 273,264 | € -17,850 | € -3,465 | ▲ € 14,385 |
| Equity | € 11,574,423 | € 11,847,688 | € 11,829,837 | € 11,826,372 | |
| Total debts | € 7,595,655 | € 7,691,924 | € 7,604,008 | € 7,358,282 | ▼ 3% |
| Cash | € 75,312 | € 169,877 | € 49,525 | € 46,672 | ▼ 6% |
| Retained profit | € 5,324,423 | € 5,597,688 | € 5,579,837 | € 5,576,372 | |
| Bank debt | € 1,212,757 | € 920,130 | € 482,118 | € 106,692 | ▼ 78% |
| Balance sheet total | € 19,170,078 | € 19,539,611 | € 19,433,846 | € 19,184,654 | ▼ 1% |
| Employees (FTE) | 8.9 | 10.7 | 8.2 | 6.3 | ▼ 1.9 |
Key figures of DUCAJU, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DUCAJU?
What happened at DUCAJU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Emmanuel Buyck stepped down as director. NBB
- Gc Consulting NV stepped down as director. NBB
- INDUSTRIAL PACKAGING SOLUTIONS BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3,465. Source: NBB ↗
- Emmanuel Buyck became a director. NBB
- Gc Consulting NV became a director. NBB
- INDUSTRIAL PACKAGING SOLUTIONS BV became a director. NBB
- New establishment in Tielt. KBO
In short
From € 403,022 profit in 2022 to € 3,465 loss in 2025.
Paid € 30,843 in corporate taxes since 2022.
Best year ever: 2022, with € 403,022 profit.
Pays suppliers within 141 days on average.
A new publication or filing at DUCAJU? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of GC - CONSULTING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DUCAJUThe shares are held by GC - CONSULTING (26%). It owns 100% of BDMO, 100% of MIVOMAP, 100% of CREPRETO and 100% of DCP itself.
Directors
According to the 2025 annual accounts
Director · represented by Casselman Geert
Also active at: DCP, HELLYN, MIVOMAP, CREPRETO, AQUAE FORTUNA
since 2023 · until 2029
Emmanuel Buyck
Chairman of the board
Also active at: TIMMERMAN ENERGY & HEAT SOLUTIONS, DCP, HELLYN, BDMO, CREPRETO, THE ROTATING COMPANY, EVALEUR, AQUAE FORTUNA
since 2024 · until 2029
INDUSTRIAL PACKAGING SOLUTIONS BV
Director · represented by Du Caju Tom
Also active at: HELLYN, BDMO, MIVOMAP, CREPRETO, AQUAE FORTUNA
since 2023 · until 2029
Shareholders
26%
Establishments
Establishment units
Physical locations of this company
Ambachtenlaan 43
8760 Tielt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
BELGACOM Proximus Customer Edge-Network, BE
Website info
Features
Security
Details
- Company number
- 0847.197.307
- VAT number
- BE 0847.197.307
- Registered office
- Ambachtenlaan 43, 8760 Tielt
- Names & denominations
- DUCAJU
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 June 2012
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- ducaju.com
- Activities · NACE
Activiteiten van holdings
Holdings