DECANCQ
ActiveSummary
DECANCQ has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €301,092 and a net result of -€1,091. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 1913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-6
Solvency49▼-20
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 2.7 in 2024; short-term debt: 8.8% and cash: 0.5% of total assets), and 76.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more 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
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
23.9%
Return on assets
-0.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
17 d early
2023
35 d early
2022
7 d early
2021
4 d early
2020
4 d early
2019
8 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 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Houthulst, Manufacturing sector#7 company by total assets in Houthulst, Manufacturing sector#8 company by equity in Houthulst, Manufacturing sector
Equity
€301,092▼ 0.4%
2024 · €302,183
Total assets
€1.3m▲ 82.1%
2024 · €691,589
Net result
-€1,091
2024 · €36,200
Working capital
€15,931▼ 87.3%
2024 · €125,855
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€39,123▲ 478%€35,490▼ 9.3%€22,591▼ 36.3%€46,915▲ 108%€12,039▼ 74.3%
Net result€30,062within the sector's middle half▲ 625%€28,410within the sector's middle half▼ 5.5%€13,991within the sector's middle half▼ 50.8%€36,200above the sector's middle half▲ 159%-€1,091below the sector's middle half
Equity€223,582above the sector's middle half▲ 15.5%€251,992above the sector's middle half▲ 12.7%€265,983above the sector's middle half▲ 5.6%€302,183above the sector's middle half▲ 13.6%€301,092above the sector's middle half▼ 0.4%
Total assets€343,740within the sector's middle half▼ 6.7%€796,954above the sector's middle half▲ 132%€692,626above the sector's middle half▼ 13.1%€691,589above the sector's middle half▼ 0.1%€1.3mabove the sector's middle half▲ 82.1%
Debt€120,158▼ 31.3%€544,962▲ 354%€426,643▼ 21.7%€389,406▼ 8.7%€958,436▲ 146%
Working capital€122,715▲ 134%€72,112▼ 41.2%€59,566▼ 17.4%€125,855▲ 111%€15,931▼ 87.3%
Solvency65.0%within the sector's middle half▲ 12.5pp31.6%within the sector's middle half▼ 33.4pp38.4%within the sector's middle half▲ 6.8pp43.7%within the sector's middle half▲ 5.3pp23.9%within the sector's middle half▼ 19.8pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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 74% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.1m ▲ 130%
Current assets
€127,098 ▼ 36.4%
Equity and liabilities €1.3m
Equity
€301,092 ▼ 0.4%
Debt
€958,436 ▲ 146%
Debt's share of the balance-sheet total rises from 56.3% to 76.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€147,571▲
2024 · €118,115
Cash flow
€134,441▲
2024 · €107,400
Current ratio
1.14▼
2024 · 2.70
Quick ratio
1.09▼
2024 · 2.65
Debt to equity
3.18▲
2024 · 1.29
ROE
-0.4%▼
2024 · 12.0%
ROA
-0.1%▼
2024 · 5.2%
Interest coverage
12.57▼
2024 · 24.45
Debt ≤ 1 year
€111,167▲
2024 · €73,972
Debt > 1 year
€844,437▲
2024 · €313,333
Income taxes
€1,390▼
2024 · €5,899
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 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% | 1.6% |
| 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 74% 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 2,501 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €8 | €9 | €10 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,216 | €70,785 | €81,123 | €71,200 | €135,532 | ▲ 90.4% |
| Other operating charges640/8 | - | €2,230 | €1,240 | €1,182 | €2,976 | ▲ 152% |
| Gross operating margin9900 | €105,577 | €108,513 | €104,963 | €119,307 | €150,547 | ▲ 26.2% |
| Operating profit (loss)9901 | €39,123 | €35,490 | €22,591 | €46,915 | €12,039 | ▼ 74.3% |
| Financial income75/76B | - | €1,573 | €206 | €15 | - | - |
| Recurring financial income75 | €1,456 | €1,573 | €206 | €15 | - | - |
| Financial charges65/66B | - | €4,946 | €7,215 | €4,831 | €11,740 | ▲ 143% |
| Recurring financial charges65 | €3,467 | €4,946 | €7,215 | €4,831 | €11,740 | ▲ 143% |
| Profit (loss) for the period before taxes9903 | €37,112 | €32,117 | €15,582 | €42,099 | €299 | ▼ 99.3% |
| Income taxes67/77 | €7,050 | €3,707 | €1,591 | €5,899 | €1,390 | ▼ 76.4% |
| Profit (loss) for the period9904 | €30,062 | €28,410 | €13,991 | €36,200 | -€1,091 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €30,062 | €28,410 | €13,991 | €36,200 | -€1,091 | ▼ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €343,740 | €796,954 | €692,626 | €691,589 | €1.3m | ▲ 82.1% |
| Fixed assets21/28 | €153,141 | €574,824 | €554,980 | €491,762 | €1.1m | ▲ 130% |
| Tangible fixed assets22/27 | €153,141 | €574,824 | €554,980 | €491,762 | €1.1m | ▲ 130% |
| Land and buildings22 | - | €446,891 | €451,597 | €433,548 | €1.1m | ▲ 148% |
| Plant, machinery and equipment23 | - | €127,933 | €64,473 | €20,902 | €16,134 | ▼ 22.8% |
| Furniture and vehicles24 | - | - | €38,910 | €37,312 | €39,333 | ▲ 5.4% |
| Current assets29/58 | €190,599 | €222,130 | €137,646 | €199,827 | €127,098 | ▼ 36.4% |
| Stocks and contracts in progress3 | €9,533 | €9,186 | €7,181 | €4,066 | €5,817 | ▲ 43.1% |
| Stocks30/36 | - | €9,186 | €7,181 | €4,066 | €5,817 | ▲ 43.1% |
| Amounts receivable within one year40/41 | €119,043 | €123,732 | €99,199 | €115,674 | €112,100 | ▼ 3.1% |
| Trade receivables40 | - | €118,705 | €98,913 | €115,605 | €112,028 | ▼ 3.1% |
| Other amounts receivable41 | - | €5,027 | €286 | €69 | €72 | ▲ 4.3% |
| Cash at bank and in hand54/58 | €60,493 | €87,831 | €29,836 | €78,495 | €6,195 | ▼ 92.1% |
| Deferred charges and accrued income490/1 | - | €1,381 | €1,430 | €1,592 | €2,986 | ▲ 87.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €343,740 | €796,954 | €692,626 | €691,589 | €1.3m | ▲ 82.1% |
| Equity10/15 | €223,582 | €251,992 | €265,983 | €302,183 | €301,092 | ▼ 0.4% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €204,990 | €233,400 | €246,900 | €283,100 | €282,500 | ▼ 0.2% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | €231,541 | €245,041 | €283,100 | €282,500 | ▼ 0.2% |
| Profit (loss) carried forward14 | - | - | €491 | €491 | - | - |
| Amounts payable17/49 | €120,158 | €544,962 | €426,643 | €389,406 | €958,436 | ▲ 146% |
| Amounts payable after more than one year17 | €52,000 | €394,667 | €344,000 | €313,333 | €844,437 | ▲ 170% |
| Financial debts170/4 | - | €394,667 | €344,000 | €313,333 | €844,437 | ▲ 170% |
| Amounts payable within one year42/48 | €67,884 | €150,018 | €78,080 | €73,972 | €111,167 | ▲ 50.3% |
| Current portion of amounts payable after more than one year42 | - | €26,667 | €26,667 | €30,667 | €58,444 | ▲ 90.6% |
| Financial debts43 | - | €26,000 | €24,000 | - | - | - |
| Credit institutions430/8 | - | €26,000 | €24,000 | - | - | - |
| Trade debts44 | €19,075 | €70,711 | €9,641 | €23,838 | €11,097 | ▼ 53.4% |
| Suppliers440/4 | - | €70,711 | €9,641 | €23,838 | €11,097 | ▼ 53.4% |
| Taxes, remuneration and social security45 | - | €4,444 | €13,993 | €14,345 | €12,406 | ▼ 13.5% |
| Taxes450/3 | - | €3,069 | €9,333 | €14,345 | €10,522 | ▼ 26.7% |
| Remuneration and social security454/9 | - | €1,375 | €4,660 | - | €1,884 | - |
| Other amounts payable47/48 | - | €22,196 | €3,779 | €5,122 | €29,220 | ▲ 470% |
| Accrued charges and deferred income492/3 | - | €277 | €4,563 | €2,101 | €2,832 | ▲ 34.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,062 | €28,410 | €13,991 | €36,200 | -€1,091 | ▼ 103% |
| + Depreciation and write-downs630 | €64,216 | €70,785 | €81,123 | €71,200 | €135,532 | ▲ 90.4% |
| Operating cash flow (approximation) | €94,278 | €99,195 | €95,114 | €107,400 | €134,441 | ▲ 25.2% |
| Investment in fixed assets (approximation) | - | -€492,468 | -€61,279 | -€7,982 | -€776,200 | ▼ 9,624% |
| Change in cash | - | €27,338 | -€57,995 | €48,659 | -€72,300 | ▼ 249% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€1,091
Net result drops to -€1,091, the lowest in the series.
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €36,200 ▲159%
Net result €36,200, the highest in the series.
2023
27-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €200,000Eq €223,582 ▲15.5%
3 profitable years in a row build equity to €223,582.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Houthulst · 1 establishment unit since 2000
Ground area
2,208 m²
Building footprint
491 m²
Volume, LiDAR
2,327 m³
Parcel 32006D0101/00L002, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidsstraat 20, 8650 Houthulst
since 20002.099.311.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32006D0101/00L002 | Flanders | 2,208 m² | 1 · 491 m² | 6.8 m · 2 fl. |
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 3,984 companies in sector 25110 we hold annual accounts for 2,146. 1,644 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
Founded31-12-1999
Fiscal year end30-06
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0469047854
Also
9925:BE0469047854
Registered
08-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.