DE DECKER
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 48 filings
Turnover
≈ €1.4m
Estimated: probably between €1.1m and €2.0m
EBIT margin
Not included in this filing
Net result
€168,696▲ 11×
2024 · €15,145
Working capital
-€48,760▼ 348%
2024 · -€10,881
In the rankings
#3 oldest company in Evergem, Transport and storage sector#10 company by equity in Evergem, Transport and storage sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€268,587
▲ 199%
2025
20192025
Net result
€168,696
▲ 11×
2025
middle half of the sector
20192025
Equity
€1.9m
▲ 10.0%
2025
middle half of the sector
20192025
Total assets
€3.4m
▼ 3.0%
2025
middle half of the sector
20192025
Debt
€1.3m
▼ 11.3%
2025
20192025
Working capital
-€48,760
▼ 348%
2025
lowest quarter of the sector
20192025
Solvency
54.6%
▲ 6.4pp
2025
middle half of the sector
20192025
Current ratio
0.96
▼ 0.03
2025
middle half of the sector
20192025
Return on assets (ROA)
4.9%
▲ 4.5pp
2025
middle half of the sector
20192025
Staff (FTE)
1
=
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.1m▼ 7.0%€0.06m▼ 37.2%€0.09m▲ 47.7%€0.07m▼ 22.6%€0.09m▲ 28.6%€0.3m▲ 199%
Net result€0.03m-€0.03mwithin the sector's middle half▲ 15.2%€0.008mwithin the sector's middle half▼ 78.1%€0.05mwithin the sector's middle half▲ 522%€0.003mbelow the sector's middle half▼ 93.6%€0.02mwithin the sector's middle half▲ 399%€0.2mwithin the sector's middle half▲ 11×
Equity€1.4m-€1.4mabove the sector's middle half▲ 2.5%€1.4mabove the sector's middle half▲ 0.5%€1.5mabove the sector's middle half▲ 3.4%€1.7mabove the sector's middle half▲ 13.9%€1.7mabove the sector's middle half▲ 1.7%€1.9mwithin the sector's middle half▲ 10.0%
Total assets€3.3m-€3.5mabove the sector's middle half▲ 4.9%€3.1mabove the sector's middle half▼ 11.6%€3.4mabove the sector's middle half▲ 8.6%€3.5mabove the sector's middle half▲ 4.6%€3.5mabove the sector's middle half▼ 0.4%€3.4mwithin the sector's middle half▼ 3.0%
Debt€1.7m-€1.7m▼ 0.8%€1.2m▼ 29.0%€1.3m▲ 12.8%€1.5m▲ 11.4%€1.5m▲ 0.6%€1.3m▼ 11.3%
Working capital€0.3m-€0.5mabove the sector's middle half▲ 79.4%€0.7mabove the sector's middle half▲ 29.9%€0.8mabove the sector's middle half▲ 11.5%€0.8mabove the sector's middle half▲ 7.6%-€0.01mbelow the sector's middle half-€0.05mbelow the sector's middle half▼ 348%
Solvency40.9%-40.0%within the sector's middle half▼ 0.9pp45.5%within the sector's middle half▲ 5.5pp43.3%within the sector's middle half▼ 2.2pp47.1%within the sector's middle half▲ 3.9pp48.2%within the sector's middle half▲ 1.0pp54.6%within the sector's middle half▲ 6.4pp
Current ratio1.18-1.33within the sector's middle half▲ 0.151.61within the sector's middle half▲ 0.281.60within the sector's middle half▼ 0.011.58within the sector's middle half▼ 0.020.99within the sector's middle half▼ 0.580.96within the sector's middle half▼ 0.03
Return on assets (ROA)0.9%-1.0%within the sector's middle half▲ 0.1pp0.2%below the sector's middle half▼ 0.7pp1.4%within the sector's middle half▲ 1.2pp0.1%below the sector's middle half▼ 1.3pp0.4%within the sector's middle half▲ 0.3pp4.9%within the sector's middle half▲ 4.5pp
Staff (FTE)1-1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 199% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Large changes and their cause
- 2025 Net result +1,014% on 2024. The accounts now follow the full format, last year the abbreviated format.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets
€2.2m ▲ 4.9%
Current assets
€1.2m ▼ 14.8%
Equity and liabilities €3.4m
Equity
€1.9m ▲ 10.0%
Provisions
€234,000 ▼ 31.1%
Debt
€1.3m ▼ 11.3%
Debt's share of the balance-sheet total falls from 42.2% to 38.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€482,353▲
2024 · €227,051
Cash flow
€382,463▲
2024 · €152,460
Debt to equity
0.71▼
2024 · 0.88
ROE
9.1%▲
2024 · 0.9%
Interest coverage
5.70▲
2024 · 2.97
Debt ≤ 1 year
€1.2m▼
2024 · €1.4m
Income taxes
€25,768
Staff costs
€46,834▲
2024 · €37,379
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €141,021 | €52,081 | €938,485 | €317,000 |
| Depreciation and write-downs of the year | €83,338 | €96,310 | €102,573 | €137,315 | €213,766 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €7,200 | - |
| Remuneration, social security and pensions62 | - | - | €51,492 | €20,273 | €54,905 | €37,379 | €46,834 | ▲ 25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81,728 | €96,085 | €83,338 | €96,310 | €102,573 | €137,315 | €213,766 | ▲ 55.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €95,000 | €90,000 | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | - | - | €113,401 | - |
| Non-recurring operating charges66A | - | - | - | - | - | - | €58 | - |
| Gross operating margin9900 | €382,850 | €428,938 | €290,864 | €296,759 | €227,241 | €264,430 | €642,646 | ▲ 143% |
| Operating profit (loss)9901 | €104,432 | €97,163 | €61,034 | €90,176 | €69,763 | €89,736 | €268,587 | ▲ 199% |
| Financial income75/76B | - | - | - | €4,373 | €2,748 | €1,816 | €10,449 | ▲ 475% |
| Recurring financial income75 | - | - | - | €4,373 | €2,748 | €1,816 | €10,449 | ▲ 475% |
| Financial charges65/66B | - | - | €42,664 | €40,941 | €69,478 | €76,407 | €84,571 | ▲ 10.7% |
| Recurring financial charges65 | €67,204 | €53,917 | €42,664 | €40,941 | €69,478 | €76,407 | €84,571 | ▲ 10.7% |
| Profit (loss) for the period before taxes9903 | €37,228 | €43,246 | €18,370 | €53,608 | €3,033 | €15,145 | €194,464 | ▲ 13× |
| Income taxes67/77 | €7,034 | €8,454 | €10,735 | €6,131 | - | - | €25,768 | - |
| Profit (loss) for the period9904 | €30,194 | €34,792 | €7,635 | €47,477 | €3,033 | €15,145 | €168,696 | ▲ 11× |
| Profit (loss) for the period to be appropriated9905 | €30,194 | €34,792 | €7,635 | €47,477 | €3,033 | €15,145 | €168,696 | ▲ 11× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.3m | €3.5m | €3.1m | €3.4m | €3.5m | €3.5m | €3.4m | ▼ 3.0% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.3m | €1.4m | €1.3m | €2.1m | €2.2m | ▲ 4.9% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.3m | €1.4m | €1.3m | €2.1m | €2.2m | ▲ 4.9% |
| Land and buildings22 | - | - | €1.2m | €1.2m | €1.3m | €1.6m | €1.6m | ▼ 3.3% |
| Plant, machinery and equipment23 | - | - | €0.03m | €0.04m | €0.02m | €0.01m | €0.008m | ▼ 37.3% |
| Furniture and vehicles24 | - | - | €0.08m | €0.07m | €0.04m | €0.4m | €0.6m | ▲ 47.1% |
| Leasing and similar rights25 | - | - | - | - | - | €0.08m | €0.06m | ▼ 25.0% |
| Financial fixed assets28 | €403 | €403 | €403 | €403 | €403 | €403 | - | - |
| Current assets29/58 | €1.9m | €2.1m | €1.8m | €2.0m | €2.2m | €1.4m | €1.2m | ▼ 14.8% |
| Stocks and contracts in progress3 | €0.006m | €0.004m | €0.001m | €0.001m | €0.001m | €0.001m | - | - |
| Stocks30/36 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €0.6m | €0.7m | €0.6m | €0.5m | €0.3m | ▼ 34.4% |
| Trade receivables40 | - | - | €0.6m | €0.7m | €0.6m | €0.5m | €0.3m | ▼ 34.0% |
| Other amounts receivable41 | - | - | €0.001m | €0.004m | €0.002m | €0.004m | €225 | ▼ 94.0% |
| Current investments50/53 | €0.03m | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.2m | ▼ 45.4% |
| Cash at bank and in hand54/58 | €1.4m | €1.5m | €0.9m | €1.1m | €1.3m | €0.6m | €0.7m | ▲ 22.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.002m | ▲ 287% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.3m | €3.5m | €3.1m | €3.4m | €3.5m | €3.5m | €3.4m | ▼ 3.0% |
| Equity10/15 | €1.4m | €1.4m | €1.4m | €1.5m | €1.7m | €1.7m | €1.9m | ▲ 10.0% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Revaluation surpluses12 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €1.1m | €1.1m | €1.1m | €1.2m | €1.4m | €1.4m | €1.6m | ▲ 12.0% |
| Non-distributable reserves130/1 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | €0.09m | €0.09m | €0.09m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | - | €1.0m | €1.1m | €1.3m | €1.3m | €1.5m | ▲ 13.1% |
| Provisions and deferred taxes16 | €0.3m | €0.5m | €0.5m | €0.6m | €0.4m | €0.3m | €0.2m | ▼ 31.1% |
| Provisions for liabilities and charges160/5 | - | - | €0.5m | €0.6m | €0.4m | €0.3m | €0.2m | ▼ 31.1% |
| Major repairs and maintenance162 | - | - | €0.4m | €0.4m | €0.2m | €0.2m | €0.2m | ▲ 51.6% |
| Other liabilities and charges164/5 | - | - | €0.1m | €0.2m | €0.2m | €0.2m | - | - |
| Amounts payable17/49 | €1.7m | €1.7m | €1.2m | €1.3m | €1.5m | €1.5m | €1.3m | ▼ 11.3% |
| Amounts payable within one year42/48 | €1.6m | €1.6m | €1.1m | €1.3m | €1.4m | €1.4m | €1.2m | ▼ 12.0% |
| Financial debts43 | - | - | €0.03m | €0.03m | €0.04m | €0.1m | - | - |
| Credit institutions430/8 | - | - | - | - | - | €0.03m | - | - |
| Other loans439 | - | - | €0.03m | €0.03m | €0.04m | €0.1m | - | - |
| Trade debts44 | €0.1m | €0.2m | €0.1m | €0.2m | €0.1m | €0.2m | €0.02m | ▼ 90.1% |
| Suppliers440/4 | - | - | €0.1m | €0.2m | €0.1m | €0.2m | €0.02m | ▼ 90.1% |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.05m | €0.1m | €0.03m | €0.05m | ▲ 53.7% |
| Taxes450/3 | - | - | €0.03m | €0.04m | €0.09m | €0.03m | €0.04m | ▲ 53.5% |
| Remuneration and social security454/9 | - | - | €0.1m | €0.003m | €0.006m | €0.003m | €0.005m | ▲ 55.6% |
| Other amounts payable47/48 | - | - | €0.8m | €1.0m | €1.2m | €1.1m | €1.2m | ▲ 7.4% |
| Accrued charges and deferred income492/3 | - | - | €0.06m | €0.06m | €0.07m | €0.07m | €0.07m | ▲ 2.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,194 | €34,792 | €7,635 | €47,477 | €3,033 | €15,145 | €168,696 | ▲ 11× |
| + Depreciation and write-downs630 | €81,728 | €96,085 | €83,338 | €96,310 | €102,573 | €137,315 | €213,766 | ▲ 55.7% |
| Operating cash flow (approximation) | €111,922 | €130,877 | €90,973 | €143,787 | €105,606 | €152,460 | €382,463 | ▲ 151% |
| Investment in fixed assets (approximation) | - | -€43,818 | €0 | -€141,022 | -€52,081 | -€938,485 | -€316,597 | ▲ 66.3% |
| Change in cash | - | €86,779 | -€507,182 | €159,480 | €233,150 | -€782,909 | €121,392 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as DE DECKER has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DE DECKER itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for DE DECKER. 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.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-07-2026 | 2026-00368465 | |
| 31-12-2024 | abbreviated format | 19-08-2025 | 2025-00399464 | |
| 31-12-2023 | abbreviated format | 11-07-2024 | 2024-00253719 | |
| 31-12-2022 | abbreviated format | 10-08-2023 | 2023-00328009 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20393885 | |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-61600050 | |
| 31-12-2019 | abbreviated format | 21-09-2020 | 2020-54800223 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-46100037 | |
| 31-12-2017 | abbreviated format | 16-07-2018 | 2018-30500024 | |
| 31-12-2016 | abbreviated format | 31-07-2017 | 2017-33200038 |