DECALE
ActiveSummary
The computed 12-month bankruptcy probability of DECALE is 6.2% (elevated). The 2025 annual accounts show negative equity (-€35,583) and a net result of €16,333. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 11502 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record86
Bankruptcy probability, 12 months
6.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29; short-term debt: 350.4% and cash: 0.5% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-250.4%
Return on assets
114.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 11502 sector peers (2025).
NBB · sector comparisonPosition among 11502 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 03-07-2026, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
28 d early
2024
1 d early
2023
29 d late
2022
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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
Turnover
€0
2023 · €0
Total assets
€14,212▲ 210%
2024 · €4,581
Net result
€16,333
2024 · -€30,793
Working capital
-€35,583▲ 32.1%
2024 · -€52,436
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line2022202320242025
Turnover€0€0
Operating result-€6,431--€44,179▼ 587%-€29,104▲ 34.1%€16,825
Net result-€6,566below the sector's middle half--€50,557below the sector's middle half▼ 670%-€30,793below the sector's middle half▲ 39.1%€16,333within the sector's middle half
Equity€29,434within the sector's middle half--€21,123below the sector's middle half-€51,916below the sector's middle half▼ 146%-€35,583below the sector's middle half▲ 31.5%
Total assets€75,682within the sector's middle half-€44,117below the sector's middle half▼ 41.7%€4,581below the sector's middle half▼ 89.6%€14,212below the sector's middle half▲ 210%
Debt€46,248-€65,239▲ 41.1%€56,497▼ 13.4%€49,796▼ 11.9%
Working capital€7,392within the sector's middle half--€33,244below the sector's middle half-€52,436below the sector's middle half▼ 57.7%-€35,583below the sector's middle half▲ 32.1%
Solvency38.9%within the sector's middle half--47.9%below the sector's middle half▼ 86.8pp-250.4%below the sector's middle half
Current ratio1.16within the sector's middle half-0.49below the sector's middle half▼ 0.670.29below the sector's middle half
Return on assets (ROA)-8.7%below the sector's middle half--114.6%below the sector's middle half▼ 105.9pp114.9%above the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 returns to profit in 2025: €16,825 after a loss of €29,104 in 2024, the highest result in the available series.
Key figures and ratios
EBITDA
€17,345▲
2024 · -€17,502
Cash flow
€16,852▲
2024 · -€19,191
Debt to equity
-1.40
Interest coverage
66.21▲
2024 · -13.82
Debt ≤ 1 year
€49,796▼
2024 · €56,497
Income taxes
€231▼
2024 · €423
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,021 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
5.8%
went bankrupt
4.0%
stopped otherwise
89%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 6.2% 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 1,021 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61 | €11,143 | €11,602 | €519 | ▼ 95.5% |
| Other operating charges640/8 | €733 | €20,729 | €3,316 | €1,063 | ▼ 67.9% |
| Gross operating margin9900 | -€5,638 | -€12,307 | -€14,186 | €18,408 | ▲ 230% |
| Operating profit (loss)9901 | -€6,431 | -€44,179 | -€29,104 | €16,825 | ▲ 158% |
| Financial charges65/66B | €134 | €5,995 | €1,266 | €262 | ▼ 79.3% |
| Recurring financial charges65 | €134 | €5,995 | €1,266 | €262 | ▼ 79.3% |
| Profit (loss) for the period before taxes9903 | -€6,566 | -€50,175 | -€30,370 | €16,563 | ▲ 155% |
| Income taxes67/77 | - | €382 | €423 | €231 | ▼ 45.6% |
| Profit (loss) for the period9904 | -€6,566 | -€50,557 | -€30,793 | €16,333 | ▲ 153% |
| Profit (loss) for the period to be appropriated9905 | -€6,566 | -€50,557 | -€30,793 | €16,333 | ▲ 153% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €75,682 | €44,117 | €4,581 | €14,212 | ▲ 210% |
| Fixed assets21/28 | €22,042 | €12,122 | €519 | €0 | ▼ 100% |
| Intangible fixed assets21 | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €22,042 | €12,122 | €519 | €0 | ▼ 100% |
| Furniture and vehicles24 | €22,042 | €12,122 | €519 | €0 | ▼ 100% |
| Current assets29/58 | €53,640 | €31,995 | €4,062 | €14,212 | ▲ 250% |
| Stocks and contracts in progress3 | €22,597 | €23,660 | €0 | - | - |
| Stocks30/36 | €22,597 | €23,660 | €0 | - | - |
| Amounts receivable within one year40/41 | €26,960 | €6,551 | €4,059 | €14,015 | ▲ 245% |
| Trade receivables40 | €24,667 | €3,357 | €117 | €10,000 | ▲ 8,431% |
| Other amounts receivable41 | €2,294 | €3,194 | €3,941 | €4,015 | ▲ 1.9% |
| Cash at bank and in hand54/58 | €4,083 | €1,784 | €3 | €65 | ▲ 1,904% |
| Deferred charges and accrued income490/1 | - | - | €0 | €132 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €75,682 | €44,117 | €4,581 | €14,212 | ▲ 210% |
| Equity10/15 | €29,434 | -€21,123 | -€51,916 | -€35,583 | ▲ 31.5% |
| Contributions10/11 | €36,000 | €36,000 | €36,000 | €36,000 | = |
| Profit (loss) carried forward14 | -€6,566 | -€57,123 | -€87,916 | -€71,583 | ▲ 18.6% |
| Amounts payable17/49 | €46,248 | €65,239 | €56,497 | €49,796 | ▼ 11.9% |
| Amounts payable within one year42/48 | €46,248 | €65,239 | €56,497 | €49,796 | ▼ 11.9% |
| Trade debts44 | €45,085 | €17,480 | €6,019 | €6,320 | ▲ 5.0% |
| Suppliers440/4 | €45,085 | €17,480 | €6,019 | €6,320 | ▲ 5.0% |
| Taxes, remuneration and social security45 | €1,163 | €12,622 | €806 | €1,036 | ▲ 28.6% |
| Taxes450/3 | €1,163 | €12,622 | €806 | €1,036 | ▲ 28.6% |
| Remuneration and social security454/9 | - | €0 | €0 | - | - |
| Other amounts payable47/48 | - | €35,137 | €49,673 | €42,439 | ▼ 14.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,566 | -€50,557 | -€30,793 | €16,333 | ▲ 153% |
| + Depreciation and write-downs630 | €61 | €11,143 | €11,602 | €519 | ▼ 95.5% |
| Operating cash flow (approximation) | -€6,505 | -€39,414 | -€19,191 | €16,852 | ▲ 188% |
| Investment in fixed assets (approximation) | - | -€1,223 | €0 | €0 | - |
| Change in cash | - | -€2,299 | -€1,781 | €62 | ▲ 103% |
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
18-08
KBO administration
Address struck
Rue Palau 21 L’adresse du siège Rue Palau 21 1420 Braine- Die Sitzadresse Rue Palau 21 1420 Braine-
1420 Braine-l’Alleud werd doorgehaald met l’Alleud · event 02-08-2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €16,333
Net result €16,333 after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€50,557
Net result drops to -€50,557, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Braine-l'Alleud · 1 establishment unit since 2021
Ground area
2,208 m²
Building footprint
545 m²
Volume, LiDAR
4,034 m³
2 parcels, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DECALE
since 20212.328.598.034
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25014A0616/00C003 | Wallonia | 1,894 m² | 1 · 266 m² | 8.7 m · 2 fl. |
| 25110S0097/00B002 | Wallonia | 314 m² | 1 · 279 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 118 companies in sector 46498 we hold annual accounts for 74. 47 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46498Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47722Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777446288
Registered
10-12-2021
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.