Equity
€116,861 ▼ 9.7%
DECROOS GROEP paid out €10,750 in dividends in a year with a loss of €1,864.
DECROOS GROEP
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €151,584 (2006)
-€5,291▼ €873
lowest -€29,196 (2022)
-€1,864▲ €1,920
peak €247,664 (2010)
€116,861▼ 9.7%
€13,639▲ 44.6%
peak 2 FTE (2006)
-not published
Board3 names since 1993
2 directorsDecroos Koen and 1 other
Owners
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Gross margin from -€4,418 to -€5,291Loss of €1,864Dividend €10,750Debts from €9,435 to €13,639
Key points
from the 2025 annual accountsLosses
-€92,692 in six years
Every financial year from 2020 to 2025 closed with a loss. 2022 was the heaviest.
Filings
32 annual accounts since 1994
Eight of the last ten came late. The 2019 accounts came latest: 59 days after the end of the period.
Turnover not published (micro format)
Checked score
90
Excellent
Financially stronger than 42% of micro companies in textiles (NACE 13)
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 496 companies (NACE 13, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged 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 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 29 days late; 1 of the last 3 accounts late
lowers risk
Founded in 1993
Liquidity: current ratio 16.48, cash €25,563
Sector: Manufacture of textiles (NACE 13)
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 13, micro). It does better than 56% of them on solvency, 64% on liquidity, 22% on profitability and 25% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 12,322 companies had the same profile as DECROOS GROEP has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DECROOS GROEP 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 12,322 companies, not a prediction for DECROOS GROEP. 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 €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 16.48 (24.63 in 2024), above the usual 1.5. Short-term debt is 6% and cash 11.3% of total assets. 48.5% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
29 days late
2024
5 days early
2023
31 days late
2022
27 days late
2021
21 days late
2020
27 days early
2019
59 days late
← 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 19 days after the deadline. In the sector (NACE 13), the median for financial year 2024 was 13 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 27 August (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
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
DK
Decroos Koen
Director, since 29-11-2023
Shares in 1 company, Weverijen Decroos Frans
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451266764
Company renamed from KOEN DECROOS to DECROOS GROEP
Resignations: Decroos Koenraad (director) and DECROOS Nikolay (director) · Appointments: Decroos Koenraad (director) and DECROOS Nikolay (director) · “Overige dienstverlenende activiteiten op gebied van informatie; Overige rechtskundige dienstverlening; Overige…” (deed in Dutch) · General meeting of 29-11-2023 · Gazette deed
First establishment
KOEN DECROOS BVBA, Nieuwenhovestraat 14, Deerlijk
Incorporation
published on 15-12-1993 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DECROOS GROEP Waregem | €0.2m | -€5,291 | 51.5% | - |
| ELLAX GOLF Kortrijk | €0.2m | -€31,470 | 6.9% | - |
| BEST ORIENTAL CARPETS Houthalen-Helchteren | €1.5m | -€31,296 | 94.1% | - |
| BARTEX Ronse | €0.4m | - | 97.5% | - |
| BELTAP Oudenaarde | €0.4m | - | 97.8% | - |
| ARDOBEL Anzegem | €0.06m | €10,641 | 82.5% | - |
| BELLINE Deinze | €1.0m | €15,417 | 59.7% | - |
These companies have the same main activity as DECROOS GROEP: manufacture of textiles (NACE 13930). They are comparable in size and age: total assets between €57,600 and €1.5m, founded between 1980 and 2002.
Official details
Source: KBO- Status
- Active since 19-11-1993Normal situation
- Activity
- Manufacture of textilesNACE 13930
- Establishment unit
- 2.064.536.3208540 Deerlijk, since 06-12-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 01-03-2026
Insights on DECROOS GROEP
DECROOS GROEP files the micro format. That format states no turnover. The gross margin fell from €151,584 in 2006 to -€5,291 in 2025.
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 DECROOS GROEP
- What is the company number of DECROOS GROEP?
- The company number of DECROOS GROEP is 0451.266.764. The VAT number is the same number with BE in front: BE 0451.266.764.
- Where is DECROOS GROEP based?
- The registered office is at Leemputstraat 130, 8792 Waregem.Company details
- What does DECROOS GROEP do?
- According to the KBO register, the main activity is manufacture of textiles (NACE 13930).
- What is the legal form of DECROOS GROEP?
- DECROOS GROEP is a private limited company (BV).
- When was DECROOS GROEP founded?
- DECROOS GROEP was founded on 19-11-1993.
- Is DECROOS GROEP still active?
- Yes, DECROOS GROEP is an active enterprise in the KBO register.
- What is the turnover of DECROOS GROEP?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is DECROOS GROEP profitable?
- In financial year 2025, DECROOS GROEP made a loss of €1,864.
- Where can I find the annual accounts of DECROOS GROEP?
- DECROOS GROEP filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DECROOS GROEP due?
- DECROOS GROEP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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