Checked.be
Active
BE 0475.850.128Private limited company (pre-2019)
DAVIDECOR
Avenue Bohy 6 ·1300 Wavre, Belgium· 24 yrs active
Sector: Painting of buildings
(43341)
Conclusion
DAVIDECOR has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-249k) and a net result of €5k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 5% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €-249k |
| Net result | €5k |
| Better than sector | 5% |
| Active | 24 yrs |
Financial profile
45
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
16
Profitability
0
Solvency
33
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2001, 24 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
16
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
3
2021
16
2022
0
2023
16
2024
16
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.05 (< 1.0)
-10
Quick ratio
Quick ratio 0.05 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
Negatieve ROE -2%
-10
Interest coverage
Interest coverage 43.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 22-05-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±1.9%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -2191.3% | 47.4% | |
| Net result | €5k | €10k | |
| Equity | €-249k | €60k | |
| Gross operating margin | €9k | €39k | |
| Total assets | €11k | €141k |
€8k
+30.1%
21-25
€5k
+52.8%
21-25
€8k
+30.5%
21-25
€11k
-12.8%
21-25
€-249k
+2.1%
21-25
€-121k
+6.2%
21-25
€260k
-2.6%
21-25
€127k
-5.3%
21-25
€133k
0.0%
21-25
0.05
+23.6%
21-25
0.05
+23.6%
21-25
-2191.3%
-12.3%
21-25
-1.05
+0.5%
21-25
-2.2%
-56.1%
21-25
47.6%
+75.2%
21-25
43.33
+12.6%
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | +30.1% | - | - | - | - |
| Net profit | +52.8% | - | - | - | - |
| Cash flow | +30.5% | - | - | - | - |
| Staff costs | - | - | - | - | - |
| Income taxes | - | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | -12.8% | -23.8% | +139.3% | -46.5% | - |
| Equity | +2.1% | +1.4% | -1.5% | +6.7% | - |
| Debt | -2.6% | -2.8% | +5.3% | -8.6% | - |
| of which ≤ 1y | -5.3% | -5.4% | +10.8% | -16.0% | - |
| of which > 1y | 0.0% | 0.0% | 0.0% | 0.0% | - |
| Working capital | +6.2% | +4.5% | -11.2% | +14.0% | - |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.05 | 0.04 | 0.05 | 0.05 | 0.07 |
| Quick ratio | 0.05 | 0.04 | 0.05 | 0.05 | 0.07 |
| Working capital ratio | -1064.8% | -989.7% | -790.2% | -1700.7% | -1057.2% |
| Solvency | -2191.3% | -1952.0% | -1508.6% | -3555.6% | -2037.6% |
| Debt / equity | -1.05 | -1.05 | -1.07 | -1.03 | -1.05 |
| Long-term debt ratio | -0.53 | -0.52 | -0.52 | -0.52 | -0.49 |
| Interest coverage | 43.33 | 38.49 | -18.73 | 35.52 | -18.17 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 47.6% | 27.2% | -22.9% | 255.2% | -62.9% |
| ROE | -2.2% | -1.4% | 1.5% | -7.2% | 3.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €11k | €13k | €17k | €7k | €13k |
| Fixed assets | 21/28 | €5k | €8k | €10k | €562 | €2k |
| Tangible fixed assets | 22/27 | €5k | €8k | €10k | €562 | €2k |
| Current assets | 29/58 | €6k | €5k | €7k | €7k | €11k |
| Amounts receivable within one year | 40/41 | €3k | €2k | €4k | - | €5k |
| Cash & bank | 54/58 | €4k | €3k | €3k | €7k | €5k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €11k | €13k | €17k | €7k | €13k |
| Equity | 10/15 | €-249k | €-254k | €-258k | €-254k | €-272k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-269k | €-275k | €-278k | €-274k | €-292k |
| Amounts payable | 17/49 | €260k | €267k | €275k | €261k | €285k |
| Amounts payable after one year | 17 | €133k | €133k | €133k | €133k | €133k |
| Amounts payable within one year | 42/48 | €127k | €134k | €142k | €128k | €152k |
| Income statement | ||||||
| Gross operating margin | 9900 | €9k | €7k | €-2k | €21k | €-2k |
| Operating result | 9901 | €6k | €4k | €-4k | €19k | €-8k |
| Financial income | 75 | €3 | - | €5 | €7 | €6 |
| Financial charges | 65 | €189 | €163 | €166 | €571 | €151 |
| Result before taxes | 9903 | €5k | €4k | €-4k | €18k | €-8k |
| Net result for the period | 9904 | €5k | €4k | €-4k | €18k | €-8k |
| Result to be appropriated | 9905 | €5k | €4k | €-4k | €18k | €-8k |
Legal Structure
| NACE primary | Painting of buildings(43341) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 12-10-2001 |
| Status | Active |
| Postal code | 1300 |
Establishment units
DAVIDECOR-PLAN
since 20012.098.525.813
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772G0071/00A003 | Wallonia | 169 m² | 1 · 55 m² | 11.8 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Painting of buildings4334145441Joinery installation43320Wallpapering and laying of floor and wall coverings in other materials433334542145433
Names & trade names
| Legal nameFR | DAVIDECOR |
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