Equity
-€747,729
Debts exceed assets in financial year 2025.
DE COENE INTERIOR DECORATION
Lifetime
11 annual accounts with figures on one time axispeak €3.6m (2016)
€2.6m▼ 7.5%
lowest -€4.7m (2018)
€1,221▼ 99.5%
peak €900,065 (2017)
-€747,729▲ €1,221
€3.2m▲ 10.1%
peak 64.5 FTE (2017)
35.5 FTE▲ 4.7%
Board8 names since 2019
4 directorsJUTHO and 3 others
Owners3 names in the annual accounts
99.96%VERTEAU
Documentsfilings and deeds
28-07-20263 days before the deadline
2025financial year
Result from €238,981 to €1,221Cash from €121,460 to €18,717
Key points
from the 2025 annual accountsResult
€1,221 ▼ 99.5%
The result fell in 2025: different schema filed.
Debts
€3.2m 130% of the balance sheet
Financial debts 20%Suppliers 12%Taxes and wages 10%Other 58%
€649,646 of the debts are secured on the company's own assets. In 2022 that was €1.0m.
Staff
35.5 FTE from 64.5 in 2017
Between 2017 and 2025, 45% of the full-time equivalents disappeared.
Filings
11 annual accounts since 2015
The 2018 accounts came 28 days late. The other nine of the last ten were filed on time.
Position in the sector
-30.3%
Lower solvency than 95% of companies in specialised construction. Sector median 42.4% · 2,460 companies.
Checked score
32
Weak
Financially stronger than 12% of small companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,649 companies (NACE 43, small).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.0%
01-2025: 7.0%● unchanged vs 12-2024
02-2025: 7.1%▲ +0.1 percentage points vs 01-2025
03-2025: 7.0%▼ -0.1 percentage points vs 02-2025
04-2025: 7.1%▲ +0.1 percentage points vs 03-2025
05-2025: 7.2%▲ +0.1 percentage points vs 04-2025
06-2025: 7.4%▲ +0.2 percentage points vs 05-2025
07-2025: 8.0%▲ +0.6 percentage points vs 06-2025highest value
08-2025: 4.8%▼ -3.2 percentage points vs 07-2025
09-2025: 4.8%● unchanged vs 08-2025
10-2025: 4.8%● unchanged vs 09-2025
11-2025: 4.8%● unchanged vs 10-2025
12-2025: 4.8%● unchanged vs 11-2025
01-2026: 4.8%● unchanged vs 12-2025
02-2026: 4.9%▲ +0.1 percentage points vs 01-2026
03-2026: 4.8%▼ -0.1 percentage points vs 02-2026
04-2026: 4.8%● unchanged vs 03-2026lowest value
05-2026: 4.8%● unchanged vs 04-2026
06-2026: 4.9%▲ +0.1 percentage points vs 05-2026
07-2026: 4.9%● unchanged vs 06-2026
08-2026: 7.3%▲ +2.4 percentage points vs 07-2026
09-2026: 7.3%● unchanged vs 08-2026
10-2026: 7.3%● unchanged vs 09-2026
11-2026: 7.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Judicial reorganisation on record (2 publications, latest 01-03-2019)
Negative equity -€747,729
Liquidity: current ratio 0.64, cash €18,717, halved
lowers risk
Figures for financial year 2025 (filed on 28-07-2026)
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 43, small). It does better than 1% of them on solvency, 1% on liquidity, 17% on profitability and 31% on growth.
The bankruptcy probability was computed on 07-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 522 companies had the same profile as DE COENE INTERIOR DECORATION has now. Each dot stands for 2 companies, two years later.
93.7%
were still trading
1.7%
stopped another way
3.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DE COENE INTERIOR DECORATION itself is higher: 7.3% within 12 months. It rests on far more data about DE COENE INTERIOR DECORATION than the profile alone.
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 522 companies, not a prediction for DE COENE INTERIOR DECORATION. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.64 (0.55 in 2024), below 1. Short-term debt is 115.5% and cash 0.8% of total assets. Equity is negative.
Credit check for an amount and term of your choice
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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2460 sector peers (2025).
NBB · sector comparisonPosition among 2460 sector peers
Solvency
better than 5%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
14 days early
2023
6 days early
2022
87 days early
2021
36 days early
2020
38 days early
2019
36 days early
← 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 31 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 17 July (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
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0649598310
Resignations & appointments
Resignation: TMPTT BV (chair of the board) · Appointments: Nathalie Bert, Sofie Verlinde and JUTHO NV (managing director) · Permanent representative: Potteau Tom · General meeting of 29-06-2024 · Gazette deed
Permanent representatives: Tom POTTEAU and Nathalie BERT
Changes of role: BV TMPTT (chair of the board) and NV JUTHO (managing director) · Board meeting of 23-03-2023 · Gazette deed
Amendment of the articles
General meeting of 26-04-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DE COENE INTERIOR DECORATION Kortrijk | €2.5m | €2.6m | -30.3% | 35.5 |
| MENUISERIE DAMS Thimister-Clermont | €2.1m | €1.8m | 16.9% | 32.5 |
| BOULEMBERG Braine-l'Alleud | €3.4m | €3.0m | 34.8% | 39.4 |
| TWEEPUNTEEN Kortrijk | €2.5m | €2.0m | 19.0% | 23.8 |
| NEW SIGNATURE Tielt | €4.3m | €3.2m | 36.7% | 31.2 |
| Trappen Demunster Kortrijk | €4.6m | €3.4m | 80.6% | 29.5 |
| DESCHEEMAEKER D. Pittem | €3.7m | €1.8m | 13.9% | 23.7 |
These companies have the same main activity as DE COENE INTERIOR DECORATION: joinery installation (NACE 43320). They are comparable in size and age: total assets between €2.1m and €4.6m, founded between 2012 and 2015.
Official details
Source: KBO- Status
- Active since 07-01-2016Normal situation
- Activity
- Joinery installationNACE 43320and 4 others
- Establishment unit
- 2.250.991.3048510 Kortrijk, since 07-01-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €7.4mestimated
- €2.5m▲ 13.7%
- Employeeson 31-12-2025
- 35=
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on DE COENE INTERIOR DECORATION
DE COENE INTERIOR DECORATION has existed since 2016. In 2016 the gross margin rose from €942,185 to €3.6m and staff from 37.7 to 53.6 full-time equivalents. On 7 January 2016 a site was added.
VERTEAU holds all the shares. In June 2023, the Official Gazette published the appointment of JUTHO as managing director.
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 DE COENE INTERIOR DECORATION
- What is the company number of DE COENE INTERIOR DECORATION?
- The company number of DE COENE INTERIOR DECORATION is 0649.598.310. The VAT number is the same number with BE in front: BE 0649.598.310.
- Where is DE COENE INTERIOR DECORATION based?
- The registered office is at Hospitaalweg 1A, 8510 Kortrijk.Company details
- What does DE COENE INTERIOR DECORATION do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of DE COENE INTERIOR DECORATION?
- DE COENE INTERIOR DECORATION is a public limited company (NV).
- When was DE COENE INTERIOR DECORATION founded?
- DE COENE INTERIOR DECORATION was founded on 07-01-2016.
- Is DE COENE INTERIOR DECORATION still active?
- Yes, DE COENE INTERIOR DECORATION is an active enterprise in the KBO register.
- How many employees does DE COENE INTERIOR DECORATION have?
- DE COENE INTERIOR DECORATION had an average of 35.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of DE COENE INTERIOR DECORATION?
- The turnover in financial year 2025 is ≈ €7.4m. This figure is estimated from the gross margin of €2.6m and 67 comparable companies (NACE 43). It probably lies between €5.7m and €9.9m. In financial year 2019 turnover was €4.9m.
- Is DE COENE INTERIOR DECORATION profitable?
- In financial year 2025, DE COENE INTERIOR DECORATION made a profit of €1,221.
- Where can I find the annual accounts of DE COENE INTERIOR DECORATION?
- DE COENE INTERIOR DECORATION filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DE COENE INTERIOR DECORATION due?
- DE COENE INTERIOR DECORATION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
See how customers, suppliers and banks see your own company and what to improve first.