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DECEVE

Open bankruptcy
Private limited company (pre-2019)founded 1996Toevluchtweg 9, 8620 Nieuwpoort, BelgiumKBO/BCE: BE 0457.642.832
Summary

A bankruptcy procedure is open for DECEVE according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (-€296,703) and a net result of -€378,293.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Veurne division
Declared bankrupt
21 September 2021
Supervising judge
Gerdi Staelens
Official Gazette
27-09-2021 (pdf) ↗search the document for 2021/132498

Curators

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 31 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 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
90 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 61 days after 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DECEVE was incorporated on 5 April 1996.1 Total assets rose from EUR 834,893 in 2018 to EUR 1.1 million in 2020 and headcount from 8.5 to 6.5 full-time equivalents.2 On 21 September 2021 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2020
  3. 3Belgian State Gazette, 27-09-2021

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2020, abbreviated schema

Turnover
€1.6m▼ 26.5%
2019 · €2.2m
EBIT margin
-22.0%▼ 23.3pp
2019 · 1.3%
Net result
-€378,293
2019 · €6,493
Working capital
-€197,571
2019 · €16,197
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
Line201820192020
Turnover€2.2m€1.6m▼ 26.5%
Operating result€44,553-€27,370▼ 38.6%-€351,169
Net result€24,363-€6,493▼ 73.4%-€378,293
EBIT margin1.3%-22.0%▼ 23.3pp
Equity€75,097-€81,590▲ 8.6%-€296,703
Total assets€834,893-€1.1m▲ 29.5%€1.1m▲ 3.0%
Debt€759,795-€999,247▲ 31.5%€1.4m▲ 41.1%
Working capital€50,783-€16,197▼ 68.1%-€197,571
Staff (FTE)8.5-8.5=6.5▼ 23.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€400,000-€200,000€0Operating result 2018: €44,553€44,553Net result 2018: €24,363€24,363Operating result 2019: €27,370€27,370Net result 2019: €6,493€6,493Operating result 2020: -€351,169-€351,169Net result 2020: -€378,293-€378,293201820192020-€400,000-€200,000€0Operating result 2018: €44,553€44,600Net result 2018: €24,363€24,400Operating result 2019: €27,370€27,400Net result 2019: €6,493€6,490Operating result 2020: -€351,169-€351,000Net result 2020: -€378,293-€378,000201820192020
The operating result turns negative in 2020: a loss of €351,169 after €27,370 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.1m
Fixed assets €173,659 ▼ 31.2%
Current assets €939,682 ▲ 13.4%
Key figures and ratios
2020 value · change against 2019
EBITDA
-€310,940▼
2019 · €83,661
Cash flow
-€338,064▼
2019 · €62,784
Solvency
-26.6%▼
2019 · 7.5%
Current ratio
0.83▼
2019 · 1.02
Quick ratio
0.63▼
2019 · 0.76
Debt to equity
-0.92▼
2019 · 2.28
ROA
-34.0%▼
2019 · 0.6%
Debt ≤ 1 year
€1.1m▲
2019 · €812,116
Debt > 1 year
€272,661▲
2019 · €185,913
Income taxes
€1,584▼
2019 · €1,685
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 28 lines
Balance sheet Code20192020
Assets
Total assets20/58€1.1m€1.1m▲
Fixed assets21/28€252,524€173,659▼
Intangible fixed assets21€2,395€955▼
Tangible fixed assets22/27€247,879€170,453▼
Financial fixed assets28€2,250€2,250=
Current assets29/58€828,313€939,682▲
Stocks and contracts in progress3€210,060€228,300▲
Amounts receivable within one year40/41€216,061€249,928▲
Cash at bank and in hand54/58€25,150€18,476▼
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.1m▲
Equity10/15€81,590-€296,703▼
Contributions10/11€18,600-
Reserves13€62,990€62,990=
Profit (loss) carried forward14--€378,293
Amounts payable17/49€999,247€1.4m▲
Amounts payable after more than one year17€185,913€272,661▲
Amounts payable within one year42/48€812,116€1.1m▲
Trade debts44€165,085€355,700▲
Income statement Code20192020
Turnover70€2.2m€1.6m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56,291€40,229▼
Gross operating margin9900€556,112€21,715▼
Operating profit (loss)9901€27,370-€351,169▼
Recurring financial income75€107€19▼
Recurring financial charges65€19,079€25,558▲
Profit (loss) for the period before taxes9903€8,178-€376,708▼
Income taxes67/77€1,685€1,584▼
Profit (loss) for the period9904€6,493-€378,293▼
Profit (loss) for the period to be appropriated9905€6,493-€378,293▼
Line201820192020Change
Turnover70-€2.2m€1.6m▼ 26.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,792€56,291€40,229▼ 28.5%
Gross operating margin9900€524,627€556,112€21,715▼ 96.1%
Operating profit (loss)9901€44,553€27,370-€351,169▼ 1,383%
Recurring financial income75€1,988€107€19▼ 82.6%
Recurring financial charges65€13,679€19,079€25,558▲ 34.0%
Profit (loss) for the period before taxes9903€32,612€8,178-€376,708▼ 4,706%
Income taxes67/77€8,249€1,685€1,584▼ 6.0%
Profit (loss) for the period9904€24,363€6,493-€378,293▼ 5,926%
Profit (loss) for the period to be appropriated9905€24,363€6,493-€378,293▼ 5,926%
Line201820192020Change
Assets
Total assets20/58€834,893€1.1m€1.1m▲ 3.0%
Fixed assets21/28€267,326€252,524€173,659▼ 31.2%
Intangible fixed assets21€3,836€2,395€955▼ 60.1%
Tangible fixed assets22/27€263,490€247,879€170,453▼ 31.2%
Financial fixed assets28-€2,250€2,250=
Current assets29/58€567,567€828,313€939,682▲ 13.4%
Stocks and contracts in progress3€90,755€210,060€228,300▲ 8.7%
Amounts receivable within one year40/41€176,219€216,061€249,928▲ 15.7%
Cash at bank and in hand54/58€20,355€25,150€18,476▼ 26.5%
Equity and liabilities
Total equity and liabilities10/49€834,893€1.1m€1.1m▲ 3.0%
Equity10/15€75,097€81,590-€296,703▼ 464%
Contributions10/11€18,600€18,600--
Reserves13€56,497€62,990€62,990=
Profit (loss) carried forward14---€378,293-
Amounts payable17/49€759,795€999,247€1.4m▲ 41.1%
Amounts payable after more than one year17€243,012€185,913€272,661▲ 46.7%
Amounts payable within one year42/48€516,783€812,116€1.1m▲ 40.0%
Trade debts44€74,589€165,085€355,700▲ 115%
Line201820192020Change
Profit (loss) for the period9904€24,363€6,493-€378,293▼ 5,926%
+ Depreciation and write-downs630€54,792€56,291€40,229▼ 28.5%
Operating cash flow (approximation)€79,156€62,784-€338,064▼ 638%
Investment in fixed assets (approximation)--€41,489€38,637▲ 193%
Change in cash-€4,795-€6,673▼ 239%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2021
27-09
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Veurne · event 21-09-2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial Weakest financial yearnet -€378,293
Net result drops to -€378,293, the lowest in the series.
29-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
28-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
2015
28-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
11-08
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 11 days late
2013
12-08
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 12 days late
2012
30-08
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema · 30 days late
SignalFinancial 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Nieuwpoort · 1 establishment unit since 1996
seat establishment The establishment unit on the map
Ground area
3,887 m²
Building footprint
1,475 m²
Volume, LiDAR
7,889 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
DECEVE
Toevluchtweg 9a, 8620 NieuwpoortRaising of dairy cattle
since 19962.076.234.025
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38021B0298/00T000 Flanders 2,161 m² 1 · 978 m² 7.3 m · 2 fl.
38021B0298/00S000 Flanders 1,726 m² 1 · 498 m² 8.8 m · 2 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.

Insolvency mandates

2 mandates
Role Name Tenure
Curator LUTGART GODDERIS
ALBERT I LAAN 8, 8630 VEURNE
21-09-2021 → present
Curator JEAN MARIE VERSCHELDEN
DANIEL DE HAENELAAN 30, 8630 VEURNE- jean-
21-09-2021 → present

Similar companies · same sector, comparable size

Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,234 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 (pre-2019)
Founded05-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
81300Landscape service activities
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.