DE DECKER
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 76 days after the deadline Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00559660.
Annual accounts 2025 filed on 15-10-2026 at the NBB all 36 filings
Amounts without an identifiable currency are taken as euros.
Turnover
€4.7m▼ 47.4%
2024 · €8.9m
EBIT margin
43.0%▲ 38.4pp
2024 · 4.6%
Net result
€2.0m▲ 501%
2024 · €331,583
Working capital
€5.8m▲ 611%
2024 · €813,227
In the rankings
#1 company by equity in Londerzeel, Transport and storage sector#3 company by total assets in Londerzeel, Transport and storage sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€4.7m
▼ 47.4%
2025
20182025
Operating result
€2.0m
▲ 392%
2025
20182025
Net result
€2.0m
▲ 501%
2025
highest quarter of the sector
20182025
EBIT margin
43.0%
▲ 38.4pp
2025
20182025
Equity
€10.6m
▲ 22.8%
2025
highest quarter of the sector
20182025
Total assets
€13.7m
▼ 6.9%
2025
highest quarter of the sector
20182025
Debt
€2.9m
▼ 50.2%
2025
20182025
Working capital
€5.8m
▲ 611%
2025
highest quarter of the sector
20182025
Solvency
77.0%
▲ 18.6pp
2025
highest quarter of the sector
20182025
Current ratio
3.12
▲ 1.98
2025
highest quarter of the sector
20182025
Return on assets (ROA)
14.5%
▲ 12.3pp
2025
highest quarter of the sector
20182025
Staff (FTE)
31.4
▼ 51.8%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€6.2m-€6.3m▲ 2.8%€6.4m▲ 1.3%€6.6m▲ 2.8%€6.8m▲ 3.2%€8.4m▲ 23.2%€8.9m▲ 6.0%€4.7m▼ 47.4%
Operating result€0.4m-€0.7m▲ 57.4%€0.7m▲ 0.8%€0.4m▼ 43.5%-€0.06m€0.9m€0.4m▼ 56.6%€2.0m▲ 392%
Net result€1.2m-€0.6m▼ 52.3%€2.1mabove the sector's middle half▲ 261%€0.3mabove the sector's middle half▼ 85.6%-€0.06mbelow the sector's middle half€0.8mabove the sector's middle half€0.3mabove the sector's middle half▼ 56.0%€2.0mabove the sector's middle half▲ 501%
EBIT margin7.0%-10.7%▲ 3.7pp10.6%▼ 0.1pp5.9%▼ 4.8pp-0.9%▼ 6.7pp11.2%▲ 12.1pp4.6%▼ 6.6pp43.0%▲ 38.4pp
Equity€6.7m-€5.1m▼ 24.2%€7.4mabove the sector's middle half▲ 46.4%€7.7mabove the sector's middle half▲ 3.4%€7.6mabove the sector's middle half▼ 0.7%€8.3mabove the sector's middle half▲ 9.1%€8.6mabove the sector's middle half▲ 3.6%€10.6mabove the sector's middle half▲ 22.8%
Total assets€10.0m-€10.9m▲ 9.9%€11.5mabove the sector's middle half▲ 4.9%€11.3mabove the sector's middle half▼ 2.0%€12.4mabove the sector's middle half▲ 9.9%€13.5mabove the sector's middle half▲ 9.2%€14.7mabove the sector's middle half▲ 9.1%€13.7mabove the sector's middle half▼ 6.9%
Debt€3.1m-€5.7m▲ 85.2%€3.8m▼ 32.0%€3.4m▼ 12.4%€4.5m▲ 34.7%€5.0m▲ 9.8%€5.9m▲ 18.8%€2.9m▼ 50.2%
Working capital-€1.3m--€3.5m▼ 179%-€0.7mbelow the sector's middle half▲ 80.8%-€0.04mbelow the sector's middle half▲ 93.9%-€0.9mbelow the sector's middle half▼ 2,151%-€0.8mbelow the sector's middle half▲ 15.2%€0.8mwithin the sector's middle half€5.8mabove the sector's middle half▲ 611%
Solvency67.1%-46.3%▼ 20.8pp64.6%above the sector's middle half▲ 18.3pp68.1%above the sector's middle half▲ 3.5pp61.5%above the sector's middle half▼ 6.6pp61.5%above the sector's middle half▼ 0.1pp58.4%above the sector's middle half▼ 3.1pp77.0%above the sector's middle half▲ 18.6pp
Current ratio0.59-0.38▼ 0.210.82below the sector's middle half▲ 0.450.99within the sector's middle half▲ 0.160.80below the sector's middle half▼ 0.190.84below the sector's middle half▲ 0.051.14within the sector's middle half▲ 0.303.12above the sector's middle half▲ 1.98
Return on assets (ROA)12.3%-5.4%▼ 7.0pp18.4%above the sector's middle half▲ 13.1pp2.7%within the sector's middle half▼ 15.7pp-0.5%below the sector's middle half▼ 3.2pp5.6%within the sector's middle half▲ 6.0pp2.3%within the sector's middle half▼ 3.3pp14.5%above the sector's middle half▲ 12.3pp
Staff (FTE)55.7-55.6▼ 0.2%56.1above the sector's middle half▲ 0.9%54.6above the sector's middle half▼ 2.7%53.6above the sector's middle half▼ 1.8%58above the sector's middle half▲ 8.2%65.2above the sector's middle half▲ 12.4%31.4within the sector's middle half▼ 51.8%
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 4.9 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.7m
Fixed assets
€5.2m ▼ 35.0%
Current assets
€8.5m ▲ 26.6%
Equity and liabilities €13.7m
Equity
€10.6m ▲ 22.8%
Provisions
€219,717 =
Debt
€2.9m ▼ 50.2%
Debt's share of the balance-sheet total falls from 40.1% to 21.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.9m▲
2024 · €1.7m
Cash flow
€2.9m▲
2024 · €1.6m
Debt to equity
0.28▼
2024 · 0.69
ROE
18.9%▲
2024 · 3.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€2.7m▼
2024 · €5.9m
Income taxes
€47,242▼
2024 · €106,594
Customer credit
184 days▲
2024 · 57 days
Staff costs
€2.2m▼
2024 · €4.9m
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 | 58 | 57 | 68 | 69 | 4 |
| full-time | 42 | 43 | 50 | 54 | 4 |
| part-time | 16 | 14 | 18 | 15 | - |
| in full-time equivalents | 53.7 | 53.4 | 63.1 | 64.2 | 4 |
| Average over the year, in full-time equivalents | 54.6 | 53.6 | 58 | 65.2 | 31.4 |
| On a permanent contract | 58 | 57 | 68 | 69 | 4 |
| Joined | 7 | 17 | 24 | 15 | 0 |
| Left | 10 | 18 | 13 | 14 | 67 |
| Agency workers, average number | - | 0.1 | 1 | 1.6 | 1.4 |
| Training hours | 456 | 575 | 1,621 | 774 | 421 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.0m | €2.1m | €1.8m | - | - |
| Depreciation and write-downs of the year | €1.4m | €1.3m | €1.2m | €1.3m | €871,072 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is CALLENS VANDELANOTTE.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €7,598 | €8,340 | €8,450 | €8,942 | €9,298 |
| Other work by the auditor | - | - | €3,271 | - | - |
| Work by persons linked to the auditor | €1,190 | - | - | €1,804 | €2,004 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 10 entries · €281,042 awarded · €161,362 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 4 | €3,746 | €135,746 |
| 2024 | 3 | €262,765 | €11,085 |
| 2023 | 2 | €12,145 | €12,145 |
| 2022 | 1 | €2,386 | €2,386 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €7.3m | €7.2m | €8.7m | €9.5m | €7.9m | ▼ 16.6% |
| Turnover70 | €6.2m | €6.3m | €6.4m | €6.6m | €6.8m | €8.4m | €8.9m | €4.7m | ▼ 47.4% |
| Other operating income74 | - | - | - | €0.7m | €0.4m | €0.3m | €0.6m | €3.2m | ▲ 472% |
| Operating charges60/66A | - | - | - | €6.9m | €7.3m | €7.8m | €9.1m | €5.9m | ▼ 35.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €147 | €0 | - | - | - | - |
| Purchases600/8 | - | - | - | €147 | €0 | - | - | - | - |
| Services and other goods61 | - | - | - | €2.0m | €2.3m | €2.2m | €2.7m | €2.7m | ▼ 0.4% |
| Remuneration, social security and pensions62 | - | - | - | €3.5m | €3.6m | €4.1m | €4.9m | €2.2m | ▼ 56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.0m | €1.2m | €1.3m | €1.4m | €1.3m | €1.2m | €1.3m | €0.9m | ▼ 33.2% |
| Other operating charges640/8 | - | - | - | €0.06m | €0.06m | €0.2m | €0.2m | €0.2m | ▲ 4.2% |
| Operating profit (loss)9901 | €0.4m | €0.7m | €0.7m | €0.4m | -€0.06m | €0.9m | €0.4m | €2.0m | ▲ 392% |
| Financial income75/76B | - | - | - | €0.03m | €93 | €0.06m | €0.03m | €0.03m | ▼ 10.5% |
| Recurring financial income75 | €1.0m | €0 | €1.6m | €0.03m | €93 | €0.06m | €0.03m | €0.03m | ▼ 10.5% |
| Income from financial fixed assets750 | - | - | - | €0 | - | - | - | - | - |
| Other financial income752/9 | - | - | - | €0.03m | €93 | €0.06m | €0.03m | €0.03m | ▼ 10.5% |
| Financial charges65/66B | - | - | - | €0.006m | €0.005m | €0.003m | €0.004m | €0.005m | ▲ 19.3% |
| Recurring financial charges65 | €0.005m | €0.005m | €0.005m | €0.006m | €0.005m | €0.003m | €0.004m | €0.005m | ▲ 19.3% |
| Debt charges650 | €102 | - | - | - | €221 | - | €268 | €27 | ▼ 89.8% |
| Other financial charges652/9 | - | - | - | €0.006m | €0.005m | €0.003m | €0.004m | €0.005m | ▲ 27.2% |
| Profit (loss) for the period before taxes9903 | €1.4m | €0.7m | €2.3m | €0.4m | -€0.07m | €1.0m | €0.4m | €2.0m | ▲ 365% |
| Income taxes67/77 | €0.2m | €0.09m | €0.2m | €0.1m | -€0.009m | €0.3m | €0.1m | €0.05m | ▼ 55.7% |
| Taxes670/3 | - | - | - | €0.1m | €0 | €0.3m | €0.1m | €0.3m | ▲ 195% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0 | €0.009m | - | €0.005m | €0.3m | ▲ 54× |
| Profit (loss) for the period9904 | €1.2m | €0.6m | €2.1m | €0.3m | -€0.06m | €0.8m | €0.3m | €2.0m | ▲ 501% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.02m | - | - | €0.02m | €1.9m | ▲ 79× |
| Profit (loss) for the period to be appropriated9905 | €1.2m | €0.4m | €2.1m | €0.3m | -€0.06m | €0.8m | €0.3m | €0.09m | ▼ 69.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €10.0m | €10.9m | €11.5m | €11.3m | €12.4m | €13.5m | €14.7m | €13.7m | ▼ 6.9% |
| Fixed assets21/28 | €8.2m | €8.8m | €8.3m | €7.9m | €8.8m | €9.3m | €8.0m | €5.2m | ▼ 35.0% |
| Tangible fixed assets22/27 | €5.0m | €5.6m | €5.1m | €4.7m | €5.6m | €6.1m | €4.8m | €2.0m | ▼ 58.2% |
| Land and buildings22 | - | - | - | - | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €4.7m | €5.6m | €6.1m | €4.8m | €2.0m | ▼ 58.2% |
| Financial fixed assets28 | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Affiliated companies280/1 | - | - | - | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Participating interests280 | - | - | - | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | = |
| Other financial fixed assets284/8 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Current assets29/58 | €1.8m | €2.1m | €3.2m | €3.3m | €3.6m | €4.2m | €6.7m | €8.5m | ▲ 26.6% |
| Amounts receivable within one year40/41 | €1.2m | €1.5m | €2.1m | €2.5m | €3.0m | €3.4m | €5.7m | €7.6m | ▲ 34.6% |
| Trade receivables40 | - | - | - | €0.9m | €1.2m | €1.2m | €1.4m | €2.4m | ▲ 70.1% |
| Other amounts receivable41 | - | - | - | €1.6m | €1.8m | €2.2m | €4.3m | €5.3m | ▲ 23.0% |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €1.0m | €0.7m | €0.6m | €0.6m | €0.5m | €0.06m | ▼ 87.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.03m | €0.2m | €0.6m | €0.8m | ▲ 43.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €10.0m | €10.9m | €11.5m | €11.3m | €12.4m | €13.5m | €14.7m | €13.7m | ▼ 6.9% |
| Equity10/15 | €6.7m | €5.1m | €7.4m | €7.7m | €7.6m | €8.3m | €8.6m | €10.6m | ▲ 22.8% |
| Contributions10/11 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Capital10 | - | - | - | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Issued capital100 | - | - | - | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Reserves13 | €1.6m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €6.7m | ▲ 268% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves not available under the articles1311 | - | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Other1319 | - | - | - | €0.001m | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €1.6m | €1.6m | €1.6m | €1.6m | €3.5m | ▲ 120% |
| Distributable reserves133 | - | - | - | - | - | - | - | €3.0m | - |
| Profit (loss) carried forward14 | €2.6m | €0.8m | €2.9m | €3.2m | €3.1m | €3.9m | €4.2m | €1.3m | ▼ 69.1% |
| Investment grants15 | - | - | - | €0.2m | €0.2m | €0.1m | €0.08m | €0.05m | ▼ 39.3% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Major repairs and maintenance162 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Environmental obligations163 | - | - | - | €0.2m | - | - | - | - | - |
| Amounts payable17/49 | €3.1m | €5.7m | €3.8m | €3.4m | €4.5m | €5.0m | €5.9m | €2.9m | ▼ 50.2% |
| Amounts payable within one year42/48 | €3.1m | €5.7m | €3.8m | €3.4m | €4.5m | €5.0m | €5.9m | €2.7m | ▼ 53.8% |
| Trade debts44 | €0.3m | €0.3m | €0.3m | €0.4m | €0.9m | €1.1m | €1.5m | €2.5m | ▲ 65.8% |
| Suppliers440/4 | - | - | - | €0.4m | €0.9m | €1.1m | €1.5m | €2.5m | ▲ 65.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.5m | €0.9m | €1.0m | €0.1m | ▼ 89.0% |
| Taxes450/3 | - | - | - | €0.03m | €0.02m | €0.3m | €0.4m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.5m | €0.5m | €0.6m | €0.6m | €0.1m | ▼ 81.3% |
| Other amounts payable47/48 | - | - | - | €2.5m | €3.1m | €3.0m | €3.4m | €0.1m | ▼ 97.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.004m | - | €0.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | €0.6m | €2.1m | €0.3m | -€0.06m | €0.8m | €0.3m | €2.0m | ▲ 501% |
| + Depreciation and write-downs630 | €1.0m | €1.2m | €1.3m | €1.4m | €1.3m | €1.2m | €1.3m | €0.9m | ▼ 33.2% |
| Operating cash flow (approximation) | €2.2m | €1.8m | €3.4m | €1.7m | €1.2m | €2.0m | €1.6m | €2.9m | ▲ 75.1% |
| Investment in fixed assets (approximation) | - | -€1.9m | -€0.8m | -€1.0m | -€2.1m | -€1.8m | €0 | €1.9m | - |
| Change in cash | - | €0.05m | €0.4m | -€0.3m | -€0.07m | -€0.03m | -€0.1m | -€0.4m | ▼ 324% |
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, 20,136 companies had the same profile as DE DECKER has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of DE DECKER itself: 0.3% 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 20,136 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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 15-10-2026 | 2026-00559660 | |
| 31-12-2024 | full format | 03-10-2025 | 2025-00531910 | |
| 31-12-2023 | full format | 04-10-2024 | 2024-00497105 | |
| 31-12-2022 | full format | 28-09-2023 | 2023-00461534 | |
| 31-12-2021 | full format | 29-11-2022 | 2022-20528792 | |
| 31-12-2020 | full format | 15-07-2021 | 2021-36100471 | |
| 31-12-2019 | full format | 31-07-2020 | 2020-38700190 | |
| 31-12-2018 | full format | 11-07-2019 | 2019-31900337 | |
| 31-12-2017 | full format | 10-07-2018 | 2018-32300140 | |
| 31-12-2016 | full format | 17-07-2017 | 2017-32100551 |