Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2023; threshold 65 %.
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Busy address KBO
40 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
DUOCAPITAL from Watermaal-Bosvoorde, company number BE0888849404, closed financial year 2023 with a result of € -6.2 million after tax. For that financial year DUOCAPITAL recorded a gross margin of € 1.4 million and equity of € -5.4 million. Compared with financial year 2022, the result moved from € -189,480 to € -6.2 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 23, 2025.
€ -5.4 million
▼ € 6.2 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6.2 million
▼ 3157 % more loss than in 2022
Profit after tax over the fiscal year.
€ 585,327
▼ 25% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -14.9 million.
Debts at end 2023
€ 25.1 million
▼ 1% vs 2022
€ 15.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 376,726
▲ 1% vs 2022
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 2,123,023 | € 2,185,526 | € 1,356,314 | ▼ 38% |
| Profit after taxes | € -66,517 | € -189,480 | € -6,171,038 | ▼ € 6 million |
| Equity | € 982,251 | € 792,771 | € -5,378,267 | ▼ € 6.2 million |
| Total debts | € 28,060,834 | € 27,291,831 | € 27,446,343 | ▲ 1% |
| Cash | € 636,781 | € 777,136 | € 585,327 | ▼ 25% |
| Land & buildings | € 26,919,676 | € 25,944,671 | € 20,847,043 | ▼ 20% |
| Retained profit | € -8,584,249 | € -8,773,729 | € -14,944,767 | ▼ € 6.2 million |
| Bank debt | € 26,641,760 | € 25,441,760 | € 25,141,760 | ▼ 1% |
| Balance sheet total | € 29,043,085 | € 28,084,602 | € 22,068,075 | ▼ 21% |
Key figures of DUOCAPITAL, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to DUOCAPITAL?
What happened at DUOCAPITAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
DUOCAPITAL is active according to the CBE. Legal situation: Opening faillissement.
- Niall Charles Quigley stepped down as director. NBB
- Phicap Investment Management SA stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 6.2 million. filed late Source: NBB ↗
- Philip Halpenny stepped down as director. NBB
- Niall Charles Quigley became a director. NBB
- Phicap Investment Management SA became a director. NBB
- Philip Halpenny became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
In short
From € 66,517 loss in 2021 to € 6.2 million loss in 2023.
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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
Directors
According to the 2023 annual accounts
Niall Charles Quigley
Director
since 2023 · until 2025
Phicap Investment Management SA
Director · represented by Anthony Anderson
Also active at: LEXINVEST
since 2023 · until 2025
Philip Halpenny
Director
since 2023 · until 2023
Establishments
Establishment units
Physical locations of this company
Vorstlaan 100
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 40 companies are registered at this address.
All companies at this address →Alcotra Holding
SHEARSON LEHMAN GLOBAL ASSET MANAGEMENT
ALCODIS
€ 905.3 million revenue · 2025
MOREAU ET ASSOCIES
€ 27,360 gross margin · 2025
COFACE BELGIUM SERVICES
€ 5 million revenue · 2025
+35 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0888.849.404
- VAT number
- BE 0888.849.404
- Registered office
- Vorstlaan 100, 1170 Watermaal-Bosvoorde
- Names & denominations
- DUOCAPITAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 18 April 2007
- Peppol
- Not registered