DECASTUK
ActiveSummary
DECASTUK has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €318,061 and a net result of €61,739. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 241 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability80▼-14
Solvency72▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 2.62 against 2.73 in 2025; short-term debt: 17.5% and cash: 34.6% of total assets), but 52.5% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
47.5%
Return on assets
9.2%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-09-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
38 d early
2025
on the day
2024
on the day
2023
5 d early
2022
32 d early
2021
31 d early
2020
2 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 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 26 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€318,061▲ 20.5%
2025 · €263,879
Total assets
€669,894▲ 22.3%
2025 · €547,780
Net result
€61,739▼ 44.9%
2025 · €111,948
Working capital
€190,024▼ 1.2%
2025 · €192,368
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20222023202420252026
Operating result€10,892▼ 20.5%€29,612▲ 172%€60,898▲ 106%€154,655▲ 154%€88,098▼ 43.0%
Net result€6,737below the sector's middle half▲ 13.4%€18,984within the sector's middle half▲ 182%€42,055within the sector's middle half▲ 122%€111,948above the sector's middle half▲ 166%€61,739▼ 44.9%
Equity€103,208below the sector's middle half▲ 7.0%€122,192within the sector's middle half▲ 18.4%€158,177within the sector's middle half▲ 29.5%€263,879above the sector's middle half▲ 66.8%€318,061▲ 20.5%
Total assets€167,604below the sector's middle half▼ 14.0%€193,977below the sector's middle half▲ 15.7%€249,195below the sector's middle half▲ 28.5%€547,780above the sector's middle half▲ 120%€669,894▲ 22.3%
Debt€64,397▼ 34.6%€71,785▲ 11.5%€91,017▲ 26.8%€283,901▲ 212%€351,833▲ 23.9%
Working capital€94,217within the sector's middle half▲ 7.0%€114,494within the sector's middle half▲ 21.5%€155,270within the sector's middle half▲ 35.6%€192,368above the sector's middle half▲ 23.9%€190,024▼ 1.2%
Solvency61.6%above the sector's middle half▲ 12.1pp63.0%above the sector's middle half▲ 1.4pp63.5%within the sector's middle half▲ 0.5pp48.2%within the sector's middle half▼ 15.3pp47.5%▼ 0.7pp
Current ratio2.61within the sector's middle half▲ 0.612.62within the sector's middle half▲ 0.012.71within the sector's middle half▲ 0.082.73within the sector's middle half▲ 0.032.62▼ 0.12
Return on assets (ROA)4.0%within the sector's middle half▲ 1.0pp9.8%within the sector's middle half▲ 5.8pp16.9%above the sector's middle half▲ 7.1pp20.4%above the sector's middle half▲ 3.6pp9.2%▼ 11.2pp
Staff (FTE)0.51▲ 100%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 43% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €669,894
Fixed assets
€362,451 ▲ 48.2%
Current assets
€307,443 ▲ 1.4%
Equity and liabilities €669,894
Equity
€318,061 ▲ 20.5%
Debt
€351,833 ▲ 23.9%
Debt's share of the balance-sheet total rises from 51.8% to 52.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111,401▼
2025 · €156,252
Cash flow
€85,042▼
2025 · €113,546
Debt to equity
1.11▲
2025 · 1.08
ROE
19.4%▼
2025 · 42.4%
Interest coverage
10.99▼
2025 · 34.51
Debt ≤ 1 year
€117,419▲
2025 · €110,921
Debt > 1 year
€219,414▲
2025 · €172,981
Income taxes
€20,459▼
2025 · €44,655
Staff costs
€57,592▲
2025 · €25,935
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | €25,497 | - |
| Remuneration, social security and pensions62 | - | - | - | €25,935 | €57,592 | ▲ 122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,645 | €5,973 | €5,973 | €1,598 | €23,303 | ▲ 1,359% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €7,078 | €7,078 | = |
| Other operating charges640/8 | €1,004 | €1,012 | €1,269 | €958 | €3,545 | ▲ 270% |
| Gross operating margin9900 | €17,542 | €36,597 | €68,140 | €190,223 | €179,616 | ▼ 5.6% |
| Operating profit (loss)9901 | €10,892 | €29,612 | €60,898 | €154,655 | €88,098 | ▼ 43.0% |
| Financial income75/76B | €3,282 | €2,647 | €3,388 | €6,476 | €4,241 | ▼ 34.5% |
| Recurring financial income75 | €3,282 | €2,647 | €3,388 | €6,476 | €4,241 | ▼ 34.5% |
| Financial charges65/66B | €2,434 | €3,215 | €3,483 | €4,527 | €10,141 | ▲ 124% |
| Recurring financial charges65 | €2,434 | €3,215 | €3,483 | €4,527 | €10,141 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €11,740 | €29,043 | €60,803 | €156,603 | €82,198 | ▼ 47.5% |
| Income taxes67/77 | €5,003 | €10,059 | €18,748 | €44,655 | €20,459 | ▼ 54.2% |
| Profit (loss) for the period9904 | €6,737 | €18,984 | €42,055 | €111,948 | €61,739 | ▼ 44.9% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €6,737 | €18,984 | €42,055 | €111,948 | €61,739 | ▼ 44.9% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €167,604 | €193,977 | €249,195 | €547,780 | €669,894 | ▲ 22.3% |
| Fixed assets21/28 | €14,852 | €8,880 | €2,907 | €244,492 | €362,451 | ▲ 48.2% |
| Tangible fixed assets22/27 | €14,852 | €8,880 | €2,907 | €244,492 | €362,451 | ▲ 48.2% |
| Land and buildings22 | - | - | - | €240,944 | €239,051 | ▼ 0.8% |
| Plant, machinery and equipment23 | €4,123 | €3,023 | €1,923 | €823 | €25,214 | ▲ 2,965% |
| Furniture and vehicles24 | €1,641 | €1,313 | €984 | €2,725 | €12,297 | ▲ 351% |
| Leasing and similar rights25 | €9,088 | €4,544 | €0 | - | €85,889 | - |
| Current assets29/58 | €152,752 | €185,097 | €246,287 | €303,288 | €307,443 | ▲ 1.4% |
| Stocks and contracts in progress3 | €3,200 | €0 | - | - | - | - |
| Stocks30/36 | €3,200 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €16,722 | €10,258 | €64,691 | €67,790 | €68,682 | ▲ 1.3% |
| Trade receivables40 | €13,868 | €5,798 | €63,315 | €11,711 | €68,682 | ▲ 486% |
| Other amounts receivable41 | €2,854 | €4,459 | €1,376 | €56,079 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €129,435 | €170,800 | €179,138 | €231,497 | €231,750 | ▲ 0.1% |
| Deferred charges and accrued income490/1 | €3,395 | €4,039 | €2,459 | €4,001 | €7,011 | ▲ 75.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €167,604 | €193,977 | €249,195 | €547,780 | €669,894 | ▲ 22.3% |
| Equity10/15 | €103,208 | €122,192 | €158,177 | €263,879 | €318,061 | ▲ 20.5% |
| Contributions10/11 | €12,605 | €12,605 | €12,605 | €12,605 | €12,605 | = |
| Reserves13 | €90,602 | €109,586 | €145,572 | €251,273 | €305,456 | ▲ 21.6% |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €0 | - | - | - |
| Reserves not available under the articles1311 | €2,500 | €2,500 | €0 | - | - | - |
| Distributable reserves133 | €88,102 | €107,086 | €145,572 | €251,273 | €305,456 | ▲ 21.6% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €64,397 | €71,785 | €91,017 | €283,901 | €351,833 | ▲ 23.9% |
| Amounts payable after more than one year17 | €5,862 | €1,182 | €0 | €172,981 | €219,414 | ▲ 26.8% |
| Financial debts170/4 | €5,862 | €1,182 | €0 | €172,981 | €219,414 | ▲ 26.8% |
| Amounts payable within one year42/48 | €58,535 | €70,603 | €91,017 | €110,921 | €117,419 | ▲ 5.9% |
| Current portion of amounts payable after more than one year42 | €4,601 | €4,680 | €1,182 | €9,519 | €25,088 | ▲ 164% |
| Trade debts44 | €16,615 | €21,883 | €44,635 | €25,643 | €26,071 | ▲ 1.7% |
| Suppliers440/4 | €16,615 | €21,883 | €44,635 | €25,643 | €26,071 | ▲ 1.7% |
| Taxes, remuneration and social security45 | €5,385 | €10,607 | €3,548 | €28,250 | €8,889 | ▼ 68.5% |
| Taxes450/3 | €5,385 | €10,607 | €3,548 | €25,398 | €6,824 | ▼ 73.1% |
| Remuneration and social security454/9 | - | - | - | €2,851 | €2,066 | ▼ 27.6% |
| Other amounts payable47/48 | €31,933 | €33,432 | €41,652 | €47,509 | €57,371 | ▲ 20.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €15,000 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,737 | €18,984 | €42,055 | €111,948 | €61,739 | ▼ 44.9% |
| + Depreciation and write-downs630 | €5,645 | €5,973 | €5,973 | €1,598 | €23,303 | ▲ 1,359% |
| Operating cash flow (approximation) | €12,382 | €24,956 | €48,027 | €113,546 | €85,042 | ▼ 25.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€243,182 | -€141,262 | ▲ 41.9% |
| Change in cash | - | €41,365 | €8,337 | €52,360 | €253 | ▼ 99.5% |
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 2027, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €111,948 ▲166%
Operating result €154,655, net result €111,948, both a record.
31-03
Financial
Equity above €200,000Eq €263,879 ▲66.8%
7 profitable years in a row build equity to €263,879.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €150,000Eq €158,177 ▲29.5%
6 profitable years in a row build equity to €158,177.
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €100,000Eq €103,208 ▲7%
4 profitable years in a row build equity to €103,208.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €5,940 ▼21.4%
Net result drops to €5,940, the lowest in the series; recovery starts the following year.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 176 days late
Financial 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, Tielt · 1 establishment unit since 1997
Ground area
1,744 m²
Building footprint
848 m²
Volume, LiDAR
4,556 m³
2 parcels, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DECASTUK BVBA
since 19972.079.924.082
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014B0002/00H002 | Flanders | 1,179 m² | 1 · 759 m² | 6.9 m · 2 fl. |
| 37004B0024/00B000 | Flanders | 565 m² | 1 · 89 m² | 6.0 m · 1 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 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,213 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
Founded13-01-1997
Fiscal year end31-03
Activities, NACEBEL 2025
43310Plastering work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459585505
Also
9925:BE0459585505
Registered
18-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.