D & M DECO
ActiveSummary
D & M DECO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,818 and a net result of -€16,330. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-21
Solvency45▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.8 in 2024; short-term debt: 69.8% and cash: 14.9% of total assets), and 79.5% 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 · 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
raises risk · 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 2025Solvency, return and age of the figures
Solvency
20.5%
Return on assets
-15.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 28374 sector peers (2025).
NBB · sector comparisonPosition among 28374 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 filingsDeviation from the deadline
2025
6 d late
2024
31 d early
2023
34 d early
2022
29 d late
2021
33 d early
2020
31 d early
2019
31 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 18 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 30 June (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,818▼ 42.8%
2024 · €38,148
Total assets
€106,541▼ 21.3%
2024 · €135,308
Net result
-€16,330
2024 · €2,658
Working capital
-€24,265▼ 82.5%
2024 · -€13,294
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€20,782€2,341▼ 88.7%€12,730▲ 444%€7,261▼ 43.0%-€15,513
Net result€16,707within the sector's middle half€383below the sector's middle half▼ 97.7%€9,785within the sector's middle half▲ 2,455%€2,658within the sector's middle half▼ 72.8%-€16,330below the sector's middle half
Equity€25,322within the sector's middle half▲ 194%€25,705within the sector's middle half▲ 1.5%€35,490within the sector's middle half▲ 38.1%€38,148within the sector's middle half▲ 7.5%€21,818within the sector's middle half▼ 42.8%
Total assets€83,167within the sector's middle half▲ 15.4%€173,285within the sector's middle half▲ 108%€156,736within the sector's middle half▼ 9.6%€135,308within the sector's middle half▼ 13.7%€106,541within the sector's middle half▼ 21.3%
Debt€57,845▼ 8.8%€147,580▲ 155%€121,245▼ 17.8%€97,160▼ 19.9%€84,724▼ 12.8%
Working capital€11,665within the sector's middle half€66,419within the sector's middle half▲ 469%-€14,930below the sector's middle half-€13,294below the sector's middle half▲ 11.0%-€24,265below the sector's middle half▼ 82.5%
Solvency30.4%within the sector's middle half▲ 18.5pp14.8%below the sector's middle half▼ 15.6pp22.6%below the sector's middle half▲ 7.8pp28.2%within the sector's middle half▲ 5.6pp20.5%below the sector's middle half▼ 7.7pp
Current ratio1.20within the sector's middle half▲ 0.231.86within the sector's middle half▲ 0.660.79below the sector's middle half▼ 1.070.80below the sector's middle half▲ 0.010.67below the sector's middle half▼ 0.13
Return on assets (ROA)20.1%above the sector's middle half▲ 40.7pp0.2%below the sector's middle half▼ 19.9pp6.2%within the sector's middle half▲ 6.0pp2.0%within the sector's middle half▼ 4.3pp-15.3%below the sector's middle half▼ 17.3pp
Staff (FTE)4.4▼ 10.2%3.8▼ 13.6%3.1▼ 18.4%2▼ 35.5%2=
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 turns negative in 2025: a loss of €15,513 after €7,261 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106,541
Fixed assets
€56,433 ▼ 30.8%
Current assets
€50,109 ▼ 6.8%
Equity and liabilities €106,541
Equity
€21,818 ▼ 42.8%
Debt
€84,724 ▼ 12.8%
Debt's share of the balance-sheet total rises from 71.8% to 79.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,125▼
2024 · €33,699
Cash flow
€10,308▼
2024 · €29,095
Quick ratio
0.41▼
2024 · 0.80
Debt to equity
3.88▲
2024 · 2.55
ROE
-74.8%▼
2024 · 7.0%
Interest coverage
9.87▼
2024 · 20.55
Debt ≤ 1 year
€74,374▲
2024 · €67,036
Debt > 1 year
€10,349▼
2024 · €30,123
Income taxes
€748▼
2024 · €4,308
Staff costs
€129,750▲
2024 · €127,761
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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 1,294 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,033 | - | €17,000 | - | - | - |
| Remuneration, social security and pensions62 | €217,627 | €216,715 | €147,922 | €127,761 | €129,750 | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,137 | €6,529 | €25,538 | €26,437 | €26,639 | ▲ 0.8% |
| Other operating charges640/8 | €2,735 | €2,403 | €1,871 | €2,271 | €2,341 | ▲ 3.1% |
| Non-recurring operating charges66A | - | - | - | €375 | - | - |
| Gross operating margin9900 | €244,282 | €227,988 | €188,060 | €164,105 | €143,216 | ▼ 12.7% |
| Operating profit (loss)9901 | €20,782 | €2,341 | €12,730 | €7,261 | -€15,513 | ▼ 314% |
| Financial income75/76B | €2,316 | €2,281 | €1,940 | €1,344 | €1,058 | ▼ 21.3% |
| Recurring financial income75 | €2,316 | €2,281 | €1,940 | €1,344 | €1,058 | ▼ 21.3% |
| Financial charges65/66B | €746 | €858 | €2,295 | €1,640 | €1,127 | ▼ 31.3% |
| Recurring financial charges65 | €746 | €858 | €2,295 | €1,640 | €1,127 | ▼ 31.3% |
| Profit (loss) for the period before taxes9903 | €22,353 | €3,764 | €12,375 | €6,966 | -€15,582 | ▼ 324% |
| Income taxes67/77 | €5,646 | €3,381 | €2,589 | €4,308 | €748 | ▼ 82.6% |
| Profit (loss) for the period9904 | €16,707 | €383 | €9,785 | €2,658 | -€16,330 | ▼ 714% |
| Profit (loss) for the period to be appropriated9905 | €16,707 | €383 | €9,785 | €2,658 | -€16,330 | ▼ 714% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,167 | €173,285 | €156,736 | €135,308 | €106,541 | ▼ 21.3% |
| Fixed assets21/28 | €13,657 | €29,850 | €99,798 | €81,565 | €56,433 | ▼ 30.8% |
| Tangible fixed assets22/27 | €11,775 | €27,966 | €97,915 | €79,673 | €54,524 | ▼ 31.6% |
| Plant, machinery and equipment23 | €6,200 | €5,232 | €5,029 | €5,270 | €3,699 | ▼ 29.8% |
| Furniture and vehicles24 | €4,136 | €22,015 | €92,885 | €74,403 | €50,825 | ▼ 31.7% |
| Other tangible fixed assets26 | €1,439 | €719 | - | - | - | - |
| Financial fixed assets28 | €1,882 | €1,884 | €1,884 | €1,892 | €1,909 | ▲ 0.9% |
| Current assets29/58 | €69,509 | €143,435 | €56,937 | €53,743 | €50,109 | ▼ 6.8% |
| Stocks and contracts in progress3 | €17,154 | €9,130 | €2,601 | €26 | €19,650 | ▲ 76,660% |
| Stocks30/36 | €6,611 | €6,596 | €2,601 | €26 | €19,650 | ▲ 76,660% |
| Contracts in progress37 | €10,543 | €2,534 | - | - | - | - |
| Amounts receivable within one year40/41 | €14,944 | €3,378 | €25,911 | €15,870 | €13,223 | ▼ 16.7% |
| Trade receivables40 | €9,698 | €1,674 | €16,387 | €10,789 | €12,492 | ▲ 15.8% |
| Other amounts receivable41 | €5,246 | €1,704 | €9,524 | €5,081 | €731 | ▼ 85.6% |
| Current investments50/53 | €77 | €65 | €53 | €41 | €5 | ▼ 88.8% |
| Cash at bank and in hand54/58 | €34,714 | €129,185 | €26,674 | €36,455 | €15,870 | ▼ 56.5% |
| Deferred charges and accrued income490/1 | €2,621 | €1,678 | €1,698 | €1,352 | €1,361 | ▲ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,167 | €173,285 | €156,736 | €135,308 | €106,541 | ▼ 21.3% |
| Equity10/15 | €25,322 | €25,705 | €35,490 | €38,148 | €21,818 | ▼ 42.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €15,000 | €15,000 | €15,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | - | - | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €3,322 | €3,705 | €490 | €3,148 | -€13,182 | ▼ 519% |
| Amounts payable17/49 | €57,845 | €147,580 | €121,245 | €97,160 | €84,724 | ▼ 12.8% |
| Amounts payable after more than one year17 | - | €50,752 | €49,378 | €30,123 | €10,349 | ▼ 65.6% |
| Financial debts170/4 | - | €50,752 | €49,378 | €30,123 | €10,349 | ▼ 65.6% |
| Amounts payable within one year42/48 | €57,845 | €77,016 | €71,867 | €67,036 | €74,374 | ▲ 10.9% |
| Current portion of amounts payable after more than one year42 | - | €13,634 | €18,754 | €19,255 | €19,774 | ▲ 2.7% |
| Trade debts44 | €10,836 | €17,042 | €15,575 | €7,009 | €18,842 | ▲ 169% |
| Suppliers440/4 | €10,836 | €17,042 | €15,575 | €7,009 | €18,842 | ▲ 169% |
| Taxes, remuneration and social security45 | €646 | €3,381 | €2,589 | €4,304 | €741 | ▼ 82.8% |
| Taxes450/3 | €646 | €3,381 | €2,589 | €4,304 | €741 | ▼ 82.8% |
| Other amounts payable47/48 | €46,363 | €42,959 | €34,949 | €36,469 | €35,018 | ▼ 4.0% |
| Accrued charges and deferred income492/3 | - | €19,813 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,707 | €383 | €9,785 | €2,658 | -€16,330 | ▼ 714% |
| + Depreciation and write-downs630 | €3,137 | €6,529 | €25,538 | €26,437 | €26,639 | ▲ 0.8% |
| Operating cash flow (approximation) | €19,844 | €6,912 | €35,323 | €29,095 | €10,308 | ▼ 64.6% |
| Investment in fixed assets (approximation) | - | -€22,722 | -€95,486 | -€8,204 | -€1,506 | ▲ 81.6% |
| Change in cash | - | €94,471 | -€102,511 | €9,781 | -€20,585 | ▼ 310% |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Weakest financial yearnet -€16,330
Net result drops to -€16,330, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €16,707
Net result €16,707 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
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
3 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, Dendermonde · 1 establishment unit since 2008
Ground area
548 m²
Building footprint
184 m²
Volume, LiDAR
1,217 m³
Parcel 42016B0561/00L002, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
D & M DECO
since 20082.172.356.372
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42016B0561/00L002 | Flanders | 548 m² | 1 · 183 m² | 12.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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SANDER SEGERS
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 2,098 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898691637
Also
9925:BE0898691637
Registered
16-05-2025
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.