DECAP
ActiveSummary
DECAP has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.6m and a net result of €153,123. Equity is growing by ~3.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▼-41
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370,000 at 30 days acceptable
Liquidity ample (current ratio 60.43 against 32.54 in 2024; short-term debt: 1.3% and cash: 2.1% of total assets), and 1.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
98.2%
Return on assets
2.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
23 d late
2022
29 d late
2021
30 d late
2020
30 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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
€5.6m▲ 2.8%
2024 · €5.4m
Total assets
€5.7m▲ 1.7%
2024 · €5.6m
Net result
€153,123▼ 22.1%
2024 · €196,503
Working capital
€4.3m▲ 4.9%
2024 · €4.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€215,663-€85,335-€50,264▲ 41.1%€102,015-€16,861
Net result€275,998▼ 85.6%-€51,436€5,737€196,503▲ 3,325%€153,123▼ 22.1%
Equity€5.3m▼ 2.4%€5.2m▼ 1.0%€5.2m▲ 0.1%€5.4m▲ 3.8%€5.6m▲ 2.8%
Total assets€5.8m▼ 9.0%€5.5m▼ 5.5%€5.3m▼ 3.3%€5.6m▲ 5.3%€5.7m▲ 1.7%
Debt€495,891▼ 47.1%€227,048▼ 54.2%€44,842▼ 80.3%€131,612▲ 194%€73,665▼ 44.0%
Working capital€4.5m▲ 0.9%€4.2m▼ 6.4%€4.0m▼ 5.8%€4.1m▲ 3.4%€4.3m▲ 4.9%
Staff (FTE)11=0.8▼ 20.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result -86% on 2020. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16,861 after €102,015 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets
€1.3m ▼ 3.9%
Current assets
€4.4m ▲ 3.4%
Equity and liabilities €5.7m
Equity
€5.6m ▲ 2.8%
Provisions
€26,172 ▼ 6.7%
Debt
€73,665 ▼ 44.0%
Debt's share of the balance-sheet total falls from 2.4% to 1.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,533▼
2024 · €150,731
Cash flow
€205,517▼
2024 · €245,219
Current ratio
60.43▲
2024 · 32.54
Debt to equity
0.01▼
2024 · 0.02
ROE
2.7%▼
2024 · 3.6%
ROA
2.7%▼
2024 · 3.5%
Interest coverage
1.14▼
2024 · 6.64
Debt ≤ 1 year
€72,844▼
2024 · €130,791
Income taxes
€54,700▲
2024 · €20,013
Staff costs
€0▲
2024 · -€120
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 0.6% 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €304,220 | €0 | - | €118,548 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €33,767 | €34,817 | €29,456 | -€120 | €0 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,229 | €76,109 | €56,623 | €48,716 | €52,394 | ▲ 7.6% |
| Other operating charges640/8 | €10,552 | €10,242 | €11,329 | €11,765 | €10,372 | ▼ 11.8% |
| Gross operating margin9900 | €314,212 | €35,832 | €47,144 | €162,376 | €45,906 | ▼ 71.7% |
| Operating profit (loss)9901 | €215,663 | -€85,335 | -€50,264 | €102,015 | -€16,861 | ▼ 117% |
| Financial income75/76B | €89,310 | €75,634 | €96,427 | €135,343 | €253,970 | ▲ 87.6% |
| Recurring financial income75 | €89,310 | €75,634 | €96,427 | €135,343 | €253,970 | ▲ 87.6% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €2,881 | €43,604 | €42,295 | €22,711 | €31,157 | ▲ 37.2% |
| Recurring financial charges65 | €2,881 | €43,604 | €42,295 | €22,711 | €31,157 | ▲ 37.2% |
| Profit (loss) for the period before taxes9903 | €302,092 | -€53,305 | €3,868 | €214,647 | €205,953 | ▼ 4.1% |
| Transfer from deferred taxes780 | €1,869 | €1,869 | €1,869 | €1,869 | €1,869 | = |
| Income taxes67/77 | €27,963 | €0 | - | €20,013 | €54,700 | ▲ 173% |
| Profit (loss) for the period9904 | €275,998 | -€51,436 | €5,737 | €196,503 | €153,123 | ▼ 22.1% |
| Transfer from tax-exempt reserves789 | €3,631 | €3,631 | €3,631 | €3,631 | €3,631 | = |
| Profit (loss) for the period to be appropriated9905 | €279,629 | -€47,805 | €9,368 | €200,133 | €156,753 | ▼ 21.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.8m | €5.5m | €5.3m | €5.6m | €5.7m | ▲ 1.7% |
| Fixed assets21/28 | €966,881 | €1.1m | €1.3m | €1.3m | €1.3m | ▼ 3.9% |
| Tangible fixed assets22/27 | €966,881 | €1.1m | €1.3m | €1.3m | €1.3m | ▼ 3.9% |
| Land and buildings22 | €965,384 | €1.1m | €1.1m | €1.0m | €972,835 | ▼ 4.6% |
| Furniture and vehicles24 | €1,497 | €5,442 | €4,542 | €3,958 | €3,458 | ▼ 12.6% |
| Other tangible fixed assets26 | - | - | €137,848 | €307,124 | €301,639 | ▼ 1.8% |
| Current assets29/58 | €4.8m | €4.4m | €4.0m | €4.3m | €4.4m | ▲ 3.4% |
| Amounts receivable within one year40/41 | €100,289 | €641,724 | €715,535 | €675,593 | €689,932 | ▲ 2.1% |
| Trade receivables40 | €5,223 | €9,869 | €0 | - | - | - |
| Other amounts receivable41 | €95,066 | €631,855 | €715,535 | €675,593 | €689,932 | ▲ 2.1% |
| Current investments50/53 | €2.1m | €3.3m | €3.2m | €3.5m | €3.6m | ▲ 1.8% |
| Cash at bank and in hand54/58 | €2.6m | €380,679 | €112,613 | €50,234 | €117,282 | ▲ 133% |
| Deferred charges and accrued income490/1 | €1,909 | €2,038 | €2,176 | €1,561 | €1,505 | ▼ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.8m | €5.5m | €5.3m | €5.6m | €5.7m | ▲ 1.7% |
| Equity10/15 | €5.3m | €5.2m | €5.2m | €5.4m | €5.6m | ▲ 2.8% |
| Contributions10/11 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Reserves13 | €5.3m | €5.2m | €5.2m | €5.4m | €5.6m | ▲ 2.8% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | €65,350 | €61,719 | €58,089 | €54,458 | €50,828 | ▼ 6.7% |
| Distributable reserves133 | €5.2m | €5.1m | €5.2m | €5.4m | €5.5m | ▲ 2.9% |
| Provisions and deferred taxes16 | €33,650 | €31,781 | €29,911 | €28,042 | €26,172 | ▼ 6.7% |
| Deferred taxes168 | €33,650 | €31,781 | €29,911 | €28,042 | €26,172 | ▼ 6.7% |
| Amounts payable17/49 | €495,891 | €227,048 | €44,842 | €131,612 | €73,665 | ▼ 44.0% |
| Amounts payable after more than one year17 | €180,000 | €100,000 | €0 | - | - | - |
| Financial debts170/4 | €180,000 | €100,000 | €0 | - | - | - |
| Amounts payable within one year42/48 | €315,891 | €127,049 | €44,842 | €130,791 | €72,844 | ▼ 44.3% |
| Current portion of amounts payable after more than one year42 | €80,000 | €80,000 | €0 | - | - | - |
| Financial debts43 | €0 | - | - | - | - | - |
| Other loans439 | €0 | - | - | - | - | - |
| Trade debts44 | €196,919 | €6,738 | €4,681 | €3,852 | €1,106 | ▼ 71.3% |
| Suppliers440/4 | €196,919 | €6,738 | €4,681 | €3,852 | €1,106 | ▼ 71.3% |
| Taxes, remuneration and social security45 | €38,833 | €40,171 | €0 | - | €20,234 | - |
| Taxes450/3 | €30,668 | €31,007 | €0 | - | €20,234 | - |
| Remuneration and social security454/9 | €8,165 | €9,164 | €0 | - | - | - |
| Other amounts payable47/48 | €140 | €140 | €40,161 | €126,939 | €51,505 | ▼ 59.4% |
| Accrued charges and deferred income492/3 | - | - | - | €821 | €821 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €275,998 | -€51,436 | €5,737 | €196,503 | €153,123 | ▼ 22.1% |
| + Depreciation and write-downs630 | €54,229 | €76,109 | €56,623 | €48,716 | €52,394 | ▲ 7.6% |
| Operating cash flow (approximation) | €330,227 | €24,673 | €62,361 | €245,219 | €205,517 | ▼ 16.2% |
| Investment in fixed assets (approximation) | - | -€231,240 | -€204,048 | -€109,607 | €0 | ▲ 100% |
| Change in cash | - | -€2.2m | -€268,066 | -€62,379 | €67,048 | ▲ 207% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €5,737
Net result €5,737 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 89.99
Current ratio from 34.33 to 89.99; short-term debt falls from €127,049 to €44,842.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€51,436
Net result drops to -€51,436, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 34.33
Current ratio from 15.32 to 34.33; short-term debt falls from €315,891 to €127,049.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 15.32
Current ratio from 7.61 to 15.32; short-term debt falls from €678,151 to €315,891.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €1.9m ▲72,159%
Net result €1.9m, the highest in the series.
Show earlier events
31-12
Financial
Liquidity times 7current ratio 7.61
Current ratio from 1.04 to 7.61; short-term debt falls from €1.6m to €678,151.
31-12
Financial
Equity above €5mEq €5.4m ▲54.8%
2 profitable years in a row build equity to €5.4m.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Back to profitnet €2,648
Net result €2,648 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Poperinge · 1 establishment unit since 1996
Ground area
4,315 m²
Building footprint
201 m²
Volume, LiDAR
955 m³
Parcel 33313L0418/00F000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DECAP BVBA
since 19962.076.695.566
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33313L0418/00F000 | Flanders | 4,315 m² | 1 · 201 m² | 10.4 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500VUQFJ1HGSSRK49
Identification & contact
Identification
Legal formPrivate limited company
Founded09-04-1996
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457605814
Also
9925:BE0457605814
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.