DECAGON
ActiveSummary
DECAGON has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €766,718 and a net result of €26,363. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-1
Solvency87▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 2.07 against 2.43 in 2024; short-term debt: 5.4% and cash: 9.3% of total assets), and 38.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.8%
Return on assets
2.1%
Age of the figures
9 mo
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 25-02-2026, 156 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
156 d early
2024
146 d early
2023
89 d early
2022
60 d early
2021
34 d early
2020
17 d early
2019
18 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 74 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€766,718▼ 6.4%
2024 · €819,355
Total assets
€1.2m▼ 8.0%
2024 · €1.3m
Net result
€26,363▼ 17.7%
2024 · €32,051
Working capital
€71,836▼ 20.9%
2024 · €90,872
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€35,135▲ 5.3%€42,885▲ 22.1%€51,833▲ 20.9%€54,866▲ 5.9%€49,298▼ 10.1%
Net result€10,057within the sector's middle half▼ 50.7%€20,696within the sector's middle half▲ 106%€26,847within the sector's middle half▲ 29.7%€32,051within the sector's middle half▲ 19.4%€26,363within the sector's middle half▼ 17.7%
Equity€739,760above the sector's middle half▲ 1.4%€760,456above the sector's middle half▲ 2.8%€787,303above the sector's middle half▲ 3.5%€819,355above the sector's middle half▲ 4.1%€766,718above the sector's middle half▼ 6.4%
Total assets€1.5mabove the sector's middle half▼ 5.6%€1.4mabove the sector's middle half▼ 3.5%€1.4mabove the sector's middle half▼ 1.6%€1.3mabove the sector's middle half▼ 2.7%€1.2mabove the sector's middle half▼ 8.0%
Debt€569,707▼ 13.1%€508,443▼ 10.8%€468,525▼ 7.9%€408,877▼ 12.7%€362,980▼ 11.2%
Working capital€52,563within the sector's middle half▲ 12.8%€52,051within the sector's middle half▼ 1.0%€76,705within the sector's middle half▲ 47.4%€90,872within the sector's middle half▲ 18.5%€71,836within the sector's middle half▼ 20.9%
Solvency50.6%within the sector's middle half▲ 3.5pp53.9%within the sector's middle half▲ 3.3pp56.8%within the sector's middle half▲ 2.8pp60.7%within the sector's middle half▲ 4.0pp61.8%within the sector's middle half▲ 1.1pp
Current ratio1.77within the sector's middle half▲ 0.361.81within the sector's middle half▲ 0.032.04within the sector's middle half▲ 0.232.43within the sector's middle half▲ 0.392.07within the sector's middle half▼ 0.36
Return on assets (ROA)0.7%below the sector's middle half▼ 0.6pp1.5%below the sector's middle half▲ 0.8pp1.9%within the sector's middle half▲ 0.5pp2.4%within the sector's middle half▲ 0.4pp2.1%within the sector's middle half▼ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m ▼ 7.8%
Current assets
€138,816 ▼ 10.1%
Equity and liabilities €1.2m
Equity
€766,718 ▼ 6.4%
Provisions
€111,596 ▼ 8.1%
Debt
€362,980 ▼ 11.2%
Debt's share of the balance-sheet total falls from 30.3% to 29.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€107,132▼
2024 · €112,106
Cash flow
€84,197▼
2024 · €89,292
Debt to equity
0.47▼
2024 · 0.50
ROE
3.4%▼
2024 · 3.9%
Interest coverage
15.23▲
2024 · 14.39
Debt ≤ 1 year
€66,980▲
2024 · €63,544
Debt > 1 year
€296,000▼
2024 · €345,333
Income taxes
€26,087▼
2024 · €28,381
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 14,733 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,047 | €56,956 | €57,039 | €57,240 | €57,834 | ▲ 1.0% |
| Other operating charges640/8 | €9,508 | €8,835 | €9,686 | €10,049 | €10,361 | ▲ 3.1% |
| Gross operating margin9900 | €100,690 | €108,676 | €118,558 | €122,155 | €117,492 | ▼ 3.8% |
| Operating profit (loss)9901 | €35,135 | €42,885 | €51,833 | €54,866 | €49,298 | ▼ 10.1% |
| Financial income75/76B | €0 | - | €128 | €3,459 | €287 | ▼ 91.7% |
| Recurring financial income75 | €0 | - | €128 | €3,459 | €287 | ▼ 91.7% |
| Financial charges65/66B | €10,371 | €9,500 | €8,633 | €7,792 | €7,035 | ▼ 9.7% |
| Recurring financial charges65 | €10,371 | €9,500 | €8,633 | €7,792 | €7,035 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | €24,764 | €33,384 | €43,327 | €50,533 | €42,550 | ▼ 15.8% |
| Transfer from deferred taxes780 | €9,900 | €9,900 | €9,900 | €9,900 | €9,900 | = |
| Income taxes67/77 | €24,607 | €22,589 | €26,380 | €28,381 | €26,087 | ▼ 8.1% |
| Profit (loss) for the period9904 | €10,057 | €20,696 | €26,847 | €32,051 | €26,363 | ▼ 17.7% |
| Transfer from tax-exempt reserves789 | €52,040 | €29,699 | €29,699 | €29,699 | €29,699 | = |
| Profit (loss) for the period to be appropriated9905 | €62,097 | €50,395 | €56,546 | €61,751 | €56,062 | ▼ 9.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 8.0% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.2m | €1.2m | €1.1m | ▼ 7.8% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 5.2% |
| Land and buildings22 | €1.3m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 5.2% |
| Financial fixed assets28 | €75,000 | €75,000 | €75,000 | €75,000 | €40,000 | ▼ 46.7% |
| Current assets29/58 | €120,478 | €116,494 | €150,563 | €154,416 | €138,816 | ▼ 10.1% |
| Amounts receivable within one year40/41 | €186 | €39,690 | €0 | - | €22,963 | - |
| Trade receivables40 | - | €39,159 | €0 | - | €13,796 | - |
| Other amounts receivable41 | €186 | €531 | €0 | - | €9,167 | - |
| Current investments50/53 | - | - | €100,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €120,292 | €76,805 | €50,563 | €154,416 | €115,853 | ▼ 25.0% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 8.0% |
| Equity10/15 | €739,760 | €760,456 | €787,303 | €819,355 | €766,718 | ▼ 6.4% |
| Contributions10/11 | €68,171 | €68,171 | €68,171 | €68,171 | €68,171 | = |
| Capital10 | €68,171 | €68,171 | €68,171 | €68,171 | €68,171 | = |
| Issued capital100 | €68,171 | €68,171 | €68,171 | €68,171 | €68,171 | = |
| Reserves13 | €670,907 | €691,208 | €718,009 | €750,010 | €697,311 | ▼ 7.0% |
| Non-distributable reserves130/1 | €11,323 | €11,323 | €11,323 | €11,323 | €11,323 | = |
| Legal reserve130 | €6,905 | €6,905 | €6,905 | €6,905 | €6,905 | = |
| Reserves not available under the articles1311 | €4,417 | €4,417 | €4,417 | €4,417 | €4,417 | = |
| Tax-exempt reserves132 | €453,584 | €423,885 | €394,186 | €364,487 | €334,788 | ▼ 8.1% |
| Distributable reserves133 | €206,000 | €256,000 | €312,500 | €374,200 | €351,200 | ▼ 6.1% |
| Profit (loss) carried forward14 | €683 | €1,077 | €1,124 | €1,174 | €1,237 | ▲ 5.3% |
| Provisions and deferred taxes16 | €151,195 | €141,295 | €131,395 | €121,496 | €111,596 | ▼ 8.1% |
| Deferred taxes168 | €151,195 | €141,295 | €131,395 | €121,496 | €111,596 | ▼ 8.1% |
| Amounts payable17/49 | €569,707 | €508,443 | €468,525 | €408,877 | €362,980 | ▼ 11.2% |
| Amounts payable after more than one year17 | €493,333 | €444,000 | €394,667 | €345,333 | €296,000 | ▼ 14.3% |
| Financial debts170/4 | €493,333 | €444,000 | €394,667 | €345,333 | €296,000 | ▼ 14.3% |
| Amounts payable within one year42/48 | €67,914 | €64,443 | €73,859 | €63,544 | €66,980 | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | €49,333 | €49,333 | €49,333 | €49,333 | €49,333 | = |
| Trade debts44 | €2,375 | €2,154 | €2,144 | €2,191 | €3,370 | ▲ 53.8% |
| Suppliers440/4 | €2,375 | €2,154 | €2,144 | €2,191 | €3,370 | ▲ 53.8% |
| Taxes, remuneration and social security45 | €16,207 | €12,757 | €22,382 | €12,020 | €14,277 | ▲ 18.8% |
| Taxes450/3 | €16,207 | €12,757 | €22,382 | €12,020 | €14,277 | ▲ 18.8% |
| Other amounts payable47/48 | €0 | €198 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €8,459 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,057 | €20,696 | €26,847 | €32,051 | €26,363 | ▼ 17.7% |
| + Depreciation and write-downs630 | €56,047 | €56,956 | €57,039 | €57,240 | €57,834 | ▲ 1.0% |
| Operating cash flow (approximation) | €66,105 | €77,652 | €83,887 | €89,292 | €84,197 | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | -€10,472 | €0 | -€15,891 | €35,000 | ▲ 320% |
| Change in cash | - | -€43,487 | -€26,241 | €103,853 | -€38,563 | ▼ 137% |
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
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €621,064
Net result €621,064 after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 5.50
Current ratio from 0.64 to 5.50; short-term debt falls from €541,004 to €124,847.
31-12
Financial
Equity above €1mEq €1.2m ▲117%
Equity rises from €529,257 to €1.2m.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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 10 acts read
About the unread acts
We know of 10 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
10 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, Kontich · 1 establishment unit since 1963
Ground area
3,800 m²
Building footprint
2,057 m²
Parcel 11602E0061/00B002, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Decagon NV
since 19632.004.851.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0061/00B002 | Flanders | 3,800 m² | 1 · 2,057 m² | - |
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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 30,696 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0403648573
Registered
15-07-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.