DECAR
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 01-04-2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-09-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
29 d early
2023
123 d early
2022
34 d early
2021
118 d early
2020
31 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 58 days before 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 (1)
History
Financials · fiscal year 2025, abbreviated schema
Equity
€416,424▲ 16.2%
2024 · €358,330
Total assets
€2.2m▲ 7.4%
2024 · €2.1m
Net result
€203,094▲ 1,186%
2024 · €15,793
Working capital
€862,336▼ 1.8%
2024 · €877,896
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-€71,391€55,555€217,262▲ 291%€6,803▼ 96.9%€192,524▲ 2,730%
Net result-€82,323€48,788€220,876▲ 353%€15,793▼ 92.8%€203,094▲ 1,186%
Equity€172,873▼ 32.3%€221,661▲ 28.2%€357,537▲ 61.3%€358,330▲ 0.2%€416,424▲ 16.2%
Total assets€1.6m▲ 5.2%€1.8m▲ 13.3%€2.0m▲ 11.5%€2.1m▲ 2.6%€2.2m▲ 7.4%
Debt€1.4m▲ 12.7%€1.6m▲ 11.5%€1.7m▲ 4.6%€1.7m▲ 3.1%€1.8m▲ 5.6%
Working capital€315,568▼ 15.2%€483,902▲ 53.3%€936,248▲ 93.5%€877,896▼ 6.2%€862,336▼ 1.8%
Staff (FTE)1.1▼ 68.6%0.8▼ 27.3%2.3▲ 188%3.2▲ 39.1%3.3▲ 3.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2,730% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€593,224 ▼ 9.8%
Current assets
€1.7m ▲ 15.4%
Equity and liabilities €2.2m
Equity
€416,424 ▲ 16.2%
Debt
€1.8m ▲ 5.6%
Debt's share of the balance-sheet total falls from 82.8% to 81.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€287,772▲
2024 · €89,981
Cash flow
€298,341▲
2024 · €98,972
Current ratio
2.09▼
2024 · 2.59
Quick ratio
2.09▼
2024 · 2.58
Debt to equity
4.39▼
2024 · 4.83
ROE
48.8%▲
2024 · 4.4%
ROA
9.1%▲
2024 · 0.8%
Interest coverage
5.19▲
2024 · 1.57
Debt ≤ 1 year
€788,197▲
2024 · €552,811
Debt > 1 year
€1.0m▼
2024 · €1.2m
Income taxes
€21,165
Staff costs
€131,159▲
2024 · €116,207
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €18,179 | - |
| Remuneration, social security and pensions62 | - | €18,993 | €81,030 | €116,207 | €131,159 | ▲ 12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90,898 | €86,116 | €80,239 | €83,178 | €95,248 | ▲ 14.5% |
| Other operating charges640/8 | - | €15,526 | €35,110 | €43,422 | €62,642 | ▲ 44.3% |
| Gross operating margin9900 | €49,855 | €176,190 | €413,642 | €249,611 | €481,574 | ▲ 92.9% |
| Operating profit (loss)9901 | -€71,391 | €55,555 | €217,262 | €6,803 | €192,524 | ▲ 2,730% |
| Financial income75/76B | - | €46,968 | €58,329 | €66,396 | €87,167 | ▲ 31.3% |
| Recurring financial income75 | €37,210 | €46,968 | €58,329 | €66,396 | €87,167 | ▲ 31.3% |
| Financial charges65/66B | - | €53,735 | €54,715 | €57,405 | €55,432 | ▼ 3.4% |
| Recurring financial charges65 | €48,141 | €53,735 | €54,715 | €57,405 | €55,432 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | -€82,323 | €48,788 | €220,876 | €15,793 | €224,259 | ▲ 1,320% |
| Income taxes67/77 | - | - | - | - | €21,165 | - |
| Profit (loss) for the period9904 | -€82,323 | €48,788 | €220,876 | €15,793 | €203,094 | ▲ 1,186% |
| Profit (loss) for the period to be appropriated9905 | -€82,323 | €48,788 | €220,876 | €15,793 | €203,094 | ▲ 1,186% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.8m | €2.0m | €2.1m | €2.2m | ▲ 7.4% |
| Fixed assets21/28 | €721,305 | €682,594 | €667,221 | €657,710 | €593,224 | ▼ 9.8% |
| Intangible fixed assets21 | - | - | €14,303 | €10,250 | €6,196 | ▼ 39.5% |
| Tangible fixed assets22/27 | €721,305 | €682,594 | €652,918 | €647,460 | €587,027 | ▼ 9.3% |
| Land and buildings22 | - | €655,173 | €601,249 | €535,182 | €473,022 | ▼ 11.6% |
| Plant, machinery and equipment23 | - | €27,421 | €47,292 | €85,279 | €88,788 | ▲ 4.1% |
| Furniture and vehicles24 | - | - | €4,377 | €27,000 | €25,218 | ▼ 6.6% |
| Current assets29/58 | €889,452 | €1.1m | €1.4m | €1.4m | €1.7m | ▲ 15.4% |
| Stocks and contracts in progress3 | €2,836 | €2,133 | €3,232 | €3,278 | €2,192 | ▼ 33.1% |
| Stocks30/36 | - | €2,133 | €3,232 | €3,278 | €2,192 | ▼ 33.1% |
| Amounts receivable within one year40/41 | €872,771 | €1.1m | €1.3m | €1.4m | €1.6m | ▲ 12.6% |
| Trade receivables40 | - | €10,522 | €29,521 | €44,436 | €44,238 | ▼ 0.4% |
| Other amounts receivable41 | - | €1.1m | €1.3m | €1.4m | €1.6m | ▲ 13.0% |
| Cash at bank and in hand54/58 | €13,844 | €57,292 | €15,965 | €9,547 | €43,570 | ▲ 356% |
| Deferred charges and accrued income490/1 | - | €960 | - | - | €7,893 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.8m | €2.0m | €2.1m | €2.2m | ▲ 7.4% |
| Equity10/15 | €172,873 | €221,661 | €357,537 | €358,330 | €416,424 | ▲ 16.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €154,273 | €203,061 | €338,937 | €339,730 | €397,824 | ▲ 17.1% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €201,201 | €338,937 | €339,730 | €397,824 | ▲ 17.1% |
| Amounts payable17/49 | €1.4m | €1.6m | €1.7m | €1.7m | €1.8m | ▲ 5.6% |
| Amounts payable after more than one year17 | €864,000 | €944,835 | €1.2m | €1.2m | €1.0m | ▼ 12.1% |
| Financial debts170/4 | - | €944,835 | €1.2m | €1.2m | €1.0m | ▼ 12.1% |
| Amounts payable within one year42/48 | €573,884 | €658,453 | €431,905 | €552,811 | €788,197 | ▲ 42.6% |
| Current portion of amounts payable after more than one year42 | - | €48,000 | €73,903 | €142,211 | €142,444 | ▲ 0.2% |
| Financial debts43 | - | €500,000 | €100,000 | €75,000 | - | - |
| Credit institutions430/8 | - | €500,000 | €100,000 | €75,000 | - | - |
| Trade debts44 | €21,316 | €27,514 | €72,885 | €226,089 | €415,477 | ▲ 83.8% |
| Suppliers440/4 | - | €27,514 | €72,885 | €226,089 | €415,477 | ▲ 83.8% |
| Advances received on contracts in progress46 | - | €18,179 | €27,870 | €18,179 | €12,312 | ▼ 32.3% |
| Taxes, remuneration and social security45 | - | €3,035 | €9,932 | €11,293 | €6,285 | ▼ 44.3% |
| Taxes450/3 | - | €728 | €2,405 | €1,177 | €1,825 | ▲ 55.1% |
| Remuneration and social security454/9 | - | €2,307 | €7,526 | €10,116 | €4,460 | ▼ 55.9% |
| Other amounts payable47/48 | - | €61,725 | €147,316 | €80,039 | €211,679 | ▲ 164% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4,304 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€82,323 | €48,788 | €220,876 | €15,793 | €203,094 | ▲ 1,186% |
| + Depreciation and write-downs630 | €90,898 | €86,116 | €80,239 | €83,178 | €95,248 | ▲ 14.5% |
| Operating cash flow (approximation) | €8,575 | €134,904 | €301,115 | €98,972 | €298,341 | ▲ 201% |
| Investment in fixed assets (approximation) | - | -€47,406 | -€64,866 | -€73,667 | -€30,761 | ▲ 58.2% |
| Change in cash | - | €43,447 | -€41,327 | -€6,418 | €34,023 | ▲ 630% |
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
16-01
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Accounting effect6 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Accounting effect6 facts ▸
- General meeting, 18-12-2025
- Merger, absorption, 01-04-2025
- Dissolution, 01-04-2025
- Accounting effect, 01-04-2025
- Real estate, In een appartementsgebouw genaamd Residentie Magdalena, of nog Hotel Olympia, staande en gelegen te 8200 Brugge, Magdalenastraat, 16. Gekadastreerd sectie D num…
- Power of attorney, Oostboek
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €220,876 ▲353%
Operating result €217,262, net result €220,876, both a record.
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €48,788
Net result €48,788 after one loss-making year.
31-03
Financial
Equity above €200,000Eq €221,661 ▲28.2%
Equity rises from €172,873 to €221,661.
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€82,323
Net result drops to -€82,323, the lowest in the series.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- PAVAC
- DECAR
Highest known parent: PAVAC. The sources do not say who stands above it.
Owners 1
- PAVACparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:PAVAC
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 4,170 EUR awarded · 4,170 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,070 EUR | 2,070 EUR |
| 2023 | 1 | 0 EUR | 2,100 EUR |
| 2022 | 1 | 2,100 EUR | 0 EUR |