Checked.be
Active
BE 0469.742.690Public limited company
DECATECH AIR SYSTEMS
Heesterweg 6 ·3090 Overijse, Belgium· 26 yrs active
Sector: Wholesale trade
(46647)
Conclusion
DECATECH AIR SYSTEMS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €365k and a net result of €142k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €365k |
| Net result | €142k |
| Staff (FTE) | 4.7 |
| Better than sector | 33% |
Financial profile
84
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
100
Solvency
56
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2000, 26 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€30k
estimate, not credit advice
Score history
78
2021
94
2022
61
2023
40
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.40 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.15 (≥ 1.0)
+5
Profitability
ROE 39% (≥ 10%)
+10
Interest coverage
Interest coverage 24.4× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-07-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~15.5%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 29.9% | 45.7% | |
| Net result | €142k | €116k | |
| Equity | €365k | €1.64M | |
| Gross operating margin | €453k | €354k | |
| Staff costs | €256k | €781k |
€196k
-
21-25
€142k
-
21-25
€148k
-
21-25
€1.22M
+85.3%
21-25
€365k
+63.6%
21-25
€344k
+71.4%
21-25
5
+113.6%
21-25
€256k
+54.6%
21-25
€45k
+10777.0%
21-25
€855k
+96.4%
21-25
€854k
+97.4%
21-25
€879
-65.9%
21-25
1.40
-4.2%
21-25
1.15
-19.0%
21-25
29.9%
-11.7%
21-25
2.34
+20.0%
21-25
38.9%
-
21-25
11.6%
-
21-25
24.38
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €196k | €-30k | €36k | €77k | €39k |
| Net profit | €142k | €-39k | €22k | €45k | €21k |
| Cash flow | €148k | €-34k | €26k | €50k | €23k |
| Staff costs | €256k | €165k | €160k | €164k | €151k |
| Income taxes | €45k | €416 | €10k | €19k | €12k |
| Dividends | - | - | - | - | - |
| Total assets | €1.22M | €658k | €1.13M | €643k | €650k |
| Equity | €365k | €223k | €262k | €241k | €195k |
| Debt | €855k | €435k | €867k | €403k | €455k |
| of which ≤ 1y | €854k | €433k | €866k | €400k | €455k |
| of which > 1y | €879 | €3k | €902 | €3k | - |
| Working capital | €344k | €201k | €246k | €227k | €182k |
| Employees (FTE) | 4.7 | 2.2 | 2.2 | 2.9 | 2.9 |
Note: these years are not on the same basis. The filed schemas differ (full schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.40 | 1.46 | 1.28 | 1.57 | 1.40 |
| Quick ratio | 1.15 | 1.42 | 1.27 | 1.53 | 1.35 |
| Working capital ratio | 28.2% | 30.5% | 21.8% | 35.2% | 28.1% |
| Solvency | 29.9% | 33.9% | 23.2% | 37.4% | 30.0% |
| Debt / equity | 2.34 | 1.95 | 3.30 | 1.67 | 2.33 |
| Long-term debt ratio | 0.00 | 0.01 | 0.00 | 0.01 | - |
| Interest coverage | 24.38 | -4.53 | 4.22 | 7.34 | 5.94 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 11.6% | -6.0% | 1.9% | 7.1% | 3.2% |
| ROE | 38.9% | -17.7% | 8.2% | 18.9% | 10.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.22M | €658k | €1.13M | €643k | €650k |
| Fixed assets | 21/28 | €21k | €25k | €17k | €17k | €13k |
| Tangible fixed assets | 22/27 | €13k | €16k | €9k | €9k | €4k |
| Financial fixed assets | 28 | €8k | €8k | €8k | €8k | €8k |
| Current assets | 29/58 | €1.20M | €634k | €1.11M | €626k | €637k |
| Stocks & contracts in progress | 3 | €214k | €17k | €16k | €15k | €23k |
| Amounts receivable within one year | 40/41 | €886k | €475k | €1.07M | €457k | €554k |
| Cash & bank | 54/58 | €97k | €138k | €28k | €155k | €57k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.22M | €658k | €1.13M | €643k | €650k |
| Equity | 10/15 | €365k | €223k | €262k | €241k | €195k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €30k | €30k | €30k | €30k | €30k |
| Accumulated profits (losses) | 14 | €273k | €131k | €170k | €149k | €103k |
| Amounts payable | 17/49 | €855k | €435k | €867k | €403k | €455k |
| Amounts payable after one year | 17 | €879 | €3k | €902 | €3k | - |
| Amounts payable within one year | 42/48 | €854k | €433k | €866k | €400k | €455k |
| Trade debts payable within one year | 44 | €683k | €267k | €610k | €221k | €254k |
| Income statement | ||||||
| Gross operating margin | 9900 | €453k | €136k | €197k | €243k | €191k |
| Operating result | 9901 | €190k | €-36k | €31k | €72k | €37k |
| Financial income | 75 | €5k | €4k | €9k | €2k | €3k |
| Financial charges | 65 | €8k | €7k | €9k | €11k | €7k |
| Result before taxes | 9903 | €187k | €-39k | €32k | €64k | €33k |
| Income taxes | 67/77 | €45k | €416 | €10k | €19k | €12k |
| Net result for the period | 9904 | €142k | €-39k | €22k | €45k | €21k |
| Result to be appropriated | 9905 | €142k | €-39k | €22k | €45k | €45k |
Legal Structure
| NACE primary | Wholesale trade(46647) |
| Legal form | Public limited company(014) |
| Incorporation | 17-01-2000 |
| Status | Active |
| Postal code | 3090 |
Establishment units
DECATECH
since 20002.099.383.272
DECATECH
since 20182.278.251.965
Real-estate footprint
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23544C0841/00R000 | Flanders | 4,433 m² | 1 · 222 m² | 5.5 m |
| 25112C0079/00T000 | Wallonia | 2,209 m² | 1 · 823 m² | 7.1 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €142k
Net result €142k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-39k ▼283%
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Equity above €200kEq €241k ▲23.3%
2 profitable years in a row build equity to €241k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 122 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 86 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
03-07
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.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale of electrical equipment, including installation materials46643Wholesale trade46647
Names & trade names
| Legal nameNL | DECATECH AIR SYSTEMS |
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