AJ DECOR
ActiveSummary
AJ DECOR has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €283,123 and a net result of €40,257. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-5
Solvency80▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 2.45 against 2.11 in 2024; short-term debt: 36.2% and cash: 34.4% of total assets), and 45.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
54.6%
Return on assets
7.8%
Age of the figures
9 mo
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
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
48 d early
2023
48 d early
2022
47 d early
2021
38 d early
2020
46 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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 14 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€283,123▲ 16.6%
2024 · €242,866
Total assets
€518,873▼ 8.7%
2024 · €568,512
Net result
€40,257▼ 36.6%
2024 · €63,539
Working capital
€273,374▲ 6.1%
2024 · €257,695
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,981▼ 78.6%€87,821▲ 300%€50,229▼ 42.8%€91,803▲ 82.8%€58,674▼ 36.1%
Net result€14,461within the sector's middle half▼ 80.9%€63,886above the sector's middle half▲ 342%€36,272above the sector's middle half▼ 43.2%€63,539above the sector's middle half▲ 75.2%€40,257above the sector's middle half▼ 36.6%
Equity€212,180above the sector's middle half▲ 7.3%€214,706above the sector's middle half▲ 1.2%€213,807above the sector's middle half▼ 0.4%€242,866above the sector's middle half▲ 13.6%€283,123above the sector's middle half▲ 16.6%
Total assets€346,041above the sector's middle half▲ 1.2%€406,094above the sector's middle half▲ 17.4%€457,676above the sector's middle half▲ 12.7%€568,512above the sector's middle half▲ 24.2%€518,873above the sector's middle half▼ 8.7%
Debt€133,861▼ 7.3%€191,388▲ 43.0%€243,868▲ 27.4%€325,646▲ 33.5%€235,750▼ 27.6%
Working capital€204,926above the sector's middle half▲ 5.7%€204,792above the sector's middle half▼ 0.1%€196,791above the sector's middle half▼ 3.9%€257,695above the sector's middle half▲ 30.9%€273,374above the sector's middle half▲ 6.1%
Solvency61.3%within the sector's middle half▲ 3.5pp52.9%within the sector's middle half▼ 8.4pp46.7%within the sector's middle half▼ 6.2pp42.7%within the sector's middle half▼ 4.0pp54.6%within the sector's middle half▲ 11.8pp
Current ratio2.89within the sector's middle half▲ 0.242.25within the sector's middle half▼ 0.642.02within the sector's middle half▼ 0.232.11within the sector's middle half▲ 0.082.45within the sector's middle half▲ 0.35
Return on assets (ROA)4.2%within the sector's middle half▼ 17.9pp15.7%within the sector's middle half▲ 11.6pp7.9%within the sector's middle half▼ 7.8pp11.2%within the sector's middle half▲ 3.3pp7.8%within the sector's middle half▼ 3.4pp
Staff (FTE)4.9▲ 22.5%5.3▲ 8.2%4.3▼ 18.9%5▲ 16.3%5.7▲ 14.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €518,873
Fixed assets
€57,582 ▼ 26.0%
Current assets
€461,291 ▼ 6.0%
Equity and liabilities €518,873
Equity
€283,123 ▲ 16.6%
Debt
€235,750 ▼ 27.6%
Debt's share of the balance-sheet total falls from 57.3% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€84,017▼
2024 · €113,221
Cash flow
€65,599▼
2024 · €84,958
Debt to equity
0.83▼
2024 · 1.34
ROE
14.2%▼
2024 · 26.2%
Interest coverage
31.13▼
2024 · 37.74
Debt ≤ 1 year
€187,917▼
2024 · €233,000
Debt > 1 year
€31,967▼
2024 · €53,473
Income taxes
€16,090▼
2024 · €25,361
Staff costs
€335,597▲
2024 · €278,875
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% | 1.8% |
| 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 34,696 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €228,616 | €281,834 | €237,493 | €278,875 | €335,597 | ▲ 20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,938 | €16,471 | €19,050 | €21,418 | €25,343 | ▲ 18.3% |
| Other operating charges640/8 | €2,930 | €3,320 | €3,575 | €3,271 | €3,229 | ▼ 1.3% |
| Gross operating margin9900 | €264,464 | €389,446 | €310,347 | €395,366 | €422,843 | ▲ 6.9% |
| Operating profit (loss)9901 | €21,981 | €87,821 | €50,229 | €91,803 | €58,674 | ▼ 36.1% |
| Financial income75/76B | €1 | €44 | €739 | €98 | €371 | ▲ 279% |
| Recurring financial income75 | €1 | €44 | €739 | €98 | €371 | ▲ 279% |
| Financial charges65/66B | €757 | €973 | €2,298 | €3,000 | €2,699 | ▼ 10.0% |
| Recurring financial charges65 | €757 | €973 | €2,298 | €3,000 | €2,699 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €21,224 | €86,892 | €48,670 | €88,901 | €56,346 | ▼ 36.6% |
| Income taxes67/77 | €6,763 | €23,005 | €12,398 | €25,361 | €16,090 | ▼ 36.6% |
| Profit (loss) for the period9904 | €14,461 | €63,886 | €36,272 | €63,539 | €40,257 | ▼ 36.6% |
| Profit (loss) for the period to be appropriated9905 | €14,461 | €63,886 | €36,272 | €63,539 | €40,257 | ▼ 36.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €346,041 | €406,094 | €457,676 | €568,512 | €518,873 | ▼ 8.7% |
| Fixed assets21/28 | €32,612 | €37,922 | €68,448 | €77,817 | €57,582 | ▼ 26.0% |
| Tangible fixed assets22/27 | €32,339 | €37,650 | €68,176 | €77,545 | €57,309 | ▼ 26.1% |
| Plant, machinery and equipment23 | - | - | €758 | €2,472 | €6,208 | ▲ 151% |
| Furniture and vehicles24 | €323 | - | - | €2,188 | €1,172 | ▼ 46.4% |
| Leasing and similar rights25 | €32,016 | €37,650 | €67,418 | €72,885 | €49,929 | ▼ 31.5% |
| Financial fixed assets28 | €273 | €273 | €273 | €273 | €273 | = |
| Current assets29/58 | €313,429 | €368,172 | €389,227 | €490,694 | €461,291 | ▼ 6.0% |
| Amounts receivable within one year40/41 | €145,792 | €306,327 | €284,614 | €423,103 | €280,694 | ▼ 33.7% |
| Trade receivables40 | €138,446 | €245,512 | €274,837 | €411,887 | €279,259 | ▼ 32.2% |
| Other amounts receivable41 | €7,346 | €60,814 | €9,777 | €11,216 | €1,435 | ▼ 87.2% |
| Cash at bank and in hand54/58 | €167,637 | €61,537 | €100,089 | €61,498 | €178,573 | ▲ 190% |
| Deferred charges and accrued income490/1 | - | €308 | €4,524 | €6,094 | €2,024 | ▼ 66.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €346,041 | €406,094 | €457,676 | €568,512 | €518,873 | ▼ 8.7% |
| Equity10/15 | €212,180 | €214,706 | €213,807 | €242,866 | €283,123 | ▲ 16.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €163,154 | €165,680 | €164,781 | €193,840 | €234,096 | ▲ 20.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €161,294 | €163,820 | €164,781 | €193,840 | €234,096 | ▲ 20.8% |
| Profit (loss) carried forward14 | €42,826 | €42,826 | €42,826 | €42,826 | €42,826 | = |
| Amounts payable17/49 | €133,861 | €191,388 | €243,868 | €325,646 | €235,750 | ▼ 27.6% |
| Amounts payable after more than one year17 | €25,357 | €28,009 | €51,432 | €53,473 | €31,967 | ▼ 40.2% |
| Financial debts170/4 | €25,357 | €28,009 | €51,432 | €53,473 | €31,967 | ▼ 40.2% |
| Amounts payable within one year42/48 | €108,504 | €163,380 | €192,436 | €233,000 | €187,917 | ▼ 19.3% |
| Current portion of amounts payable after more than one year42 | €14,436 | €18,465 | €23,564 | €24,916 | €25,250 | ▲ 1.3% |
| Trade debts44 | €30,270 | €48,648 | €92,499 | €131,938 | €72,752 | ▼ 44.9% |
| Suppliers440/4 | €30,270 | €48,648 | €92,499 | €131,938 | €72,752 | ▼ 44.9% |
| Taxes, remuneration and social security45 | €27,690 | €29,452 | €33,695 | €32,616 | €46,581 | ▲ 42.8% |
| Taxes450/3 | €21,617 | €19,216 | €22,063 | €19,679 | €24,029 | ▲ 22.1% |
| Remuneration and social security454/9 | €6,073 | €10,236 | €11,632 | €12,937 | €22,552 | ▲ 74.3% |
| Other amounts payable47/48 | €36,108 | €66,814 | €42,678 | €43,529 | €43,334 | ▼ 0.4% |
| Accrued charges and deferred income492/3 | - | - | - | €39,173 | €15,866 | ▼ 59.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,461 | €63,886 | €36,272 | €63,539 | €40,257 | ▼ 36.6% |
| + Depreciation and write-downs630 | €10,938 | €16,471 | €19,050 | €21,418 | €25,343 | ▲ 18.3% |
| Operating cash flow (approximation) | €25,398 | €80,358 | €55,322 | €84,958 | €65,599 | ▼ 22.8% |
| Investment in fixed assets (approximation) | - | -€21,782 | -€49,577 | -€30,787 | -€5,107 | ▲ 83.4% |
| Change in cash | - | -€106,100 | €38,552 | -€38,591 | €117,076 | ▲ 403% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €14,461 ▼80.9%
Net result drops to €14,461, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €212,180 ▲7.3%
4 profitable years in a row build equity to €212,180.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €75,572 ▲119%
Operating result €102,735, net result €75,572, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150,000Eq €162,148 ▲27%
2 profitable years in a row build equity to €162,148.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
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 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tervuren · 2 establishment units since 2013
Ground area
4,717 m²
Building footprint
576 m²
Volume, LiDAR
3,495 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
AJ DECOR
since 20132.219.201.533
AJ DECOR BVBA
since 20182.284.673.761
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0263/00C002 | Flanders | 3,506 m² | 1 · 427 m² | 7.7 m · 2 fl. |
| 24023A0488/00H000 | Flanders | 1,211 m² | 1 · 149 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 333 EUR awarded · 333 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 43 EUR |
| 2023 | 1 | 282 EUR | 239 EUR |
| 2022 | 1 | 51 EUR | 51 EUR |
Similar companies · same sector, comparable size
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Koen Feys
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MR COMPANY
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Of 153 companies in this sector we hold annual accounts for 67. 49 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded17-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43342Specialised construction activities
43350Other building finishing work
43320Joinery installation
43333Wallpapering and laying of floor and wall coverings in other materials
46130Agents in the wholesale of timber and building materials
46150Agents in the wholesale of furniture, household goods and hardware
46833Wholesale trade
47530Retail trade
Contact
Phone
0475/61.57.26
E-mail
alex@ajdecor.beMachelen (Brab.)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0526997139
Also
9925:BE0526997139
Registered
16-10-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.