DECHAMPS
ActiveSummary
DECHAMPS has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.5m and a net result of €45,045. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 49% of 6545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-1
Solvency57▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.65 against 0.66 in 2023; short-term debt: 36.5% and cash: 1.7% of total assets), and 68.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
31.7%
Return on assets
1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
120 d late
2023
30 d late
2022
11 d early
2021
31 d late
2020
7 d early
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 6 accounts on average 42 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
In the rankings
#6 oldest company in Malmedy, Wholesale and retail trade sector#9 company by total assets in Malmedy, Wholesale and retail trade sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€45,045▲ 47.8%
2023 · €30,484
Working capital
-€599,579▼ 18.3%
2023 · -€507,040
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result€159,161€404,885▲ 154%€408,691▲ 0.9%€105,001▼ 74.3%€137,386▲ 30.8%
Net result€137,441above the sector's middle half€353,499above the sector's middle half▲ 157%€309,818above the sector's middle half▼ 12.4%€30,484within the sector's middle half▼ 90.2%€45,045within the sector's middle half▲ 47.8%
Equity€743,577above the sector's middle half▲ 24.2%€1.1mabove the sector's middle half▲ 49.1%€1.4mabove the sector's middle half▲ 27.6%€1.4mabove the sector's middle half▲ 1.9%€1.5mabove the sector's middle half▲ 3.1%
Total assets€2.7mabove the sector's middle half▲ 0.8%€3.1mabove the sector's middle half▲ 12.7%€3.7mabove the sector's middle half▲ 19.5%€4.1mabove the sector's middle half▲ 11.5%€4.7mabove the sector's middle half▲ 15.0%
Debt€1.9m▼ 5.8%€1.9m▼ 1.0%€2.2m▲ 15.2%€2.6m▲ 17.9%€3.2m▲ 21.7%
Working capital-€243,303below the sector's middle half▲ 0.4%-€117,464below the sector's middle half▲ 51.7%€4,502within the sector's middle half-€507,040below the sector's middle half-€599,579below the sector's middle half▼ 18.3%
Solvency27.4%within the sector's middle half▲ 5.1pp36.2%within the sector's middle half▲ 8.8pp38.7%within the sector's middle half▲ 2.5pp35.3%within the sector's middle half▼ 3.3pp31.7%within the sector's middle half▼ 3.6pp
Current ratio0.77below the sector's middle half=0.90below the sector's middle half▲ 0.141.00within the sector's middle half▲ 0.100.66below the sector's middle half▼ 0.340.65below the sector's middle half▼ 0.01
Return on assets (ROA)5.1%within the sector's middle half▲ 11.9pp11.5%within the sector's middle half▲ 6.5pp8.5%within the sector's middle half▼ 3.1pp0.7%within the sector's middle half▼ 7.7pp1.0%within the sector's middle half▲ 0.2pp
Staff (FTE)3.2within the sector's middle half▼ 11.1%3.9within the sector's middle half▲ 21.9%6within the sector's middle half▲ 53.8%5.9within the sector's middle half▼ 1.7%6.6within the sector's middle half▲ 11.9%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 31% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.7m
Fixed assets
€3.6m ▲ 16.0%
Current assets
€1.1m ▲ 11.9%
Equity and liabilities €4.7m
Equity
€1.5m ▲ 3.1%
Provisions
€19,517 ▼ 7.7%
Debt
€3.2m ▲ 21.7%
Debt's share of the balance-sheet total rises from 64.1% to 67.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€498,092▲
2023 · €429,553
Cash flow
€405,751▲
2023 · €355,036
Quick ratio
0.56▼
2023 · 0.58
Debt to equity
2.14▲
2023 · 1.81
ROE
3.0%▲
2023 · 2.1%
Interest coverage
5.94▼
2023 · 7.36
Debt ≤ 1 year
€1.7m▲
2023 · €1.5m
Debt > 1 year
€1.4m▲
2023 · €1.1m
Income taxes
€21,052▼
2023 · €27,897
Staff costs
€287,205▲
2023 · €265,716
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
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 0.5% 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 17,039 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €8,243 | - | - | - |
| Remuneration, social security and pensions62 | - | €98,823 | €186,373 | €265,716 | €287,205 | ▲ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,384 | €157,111 | €197,363 | €324,552 | €360,706 | ▲ 11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€856 | - | - | - | - |
| Other operating charges640/8 | - | €14,687 | €22,061 | €23,844 | €25,045 | ▲ 5.0% |
| Gross operating margin9900 | €428,959 | €674,650 | €814,487 | €719,113 | €810,343 | ▲ 12.7% |
| Operating profit (loss)9901 | €159,161 | €404,885 | €408,691 | €105,001 | €137,386 | ▲ 30.8% |
| Financial income75/76B | - | €69,580 | €5,964 | €10,102 | €10,990 | ▲ 8.8% |
| Recurring financial income75 | €4,429 | €69,580 | €5,964 | €10,102 | €10,990 | ▲ 8.8% |
| Financial charges65/66B | - | €34,596 | €33,383 | €58,351 | €83,910 | ▲ 43.8% |
| Recurring financial charges65 | €13,496 | €34,596 | €33,383 | €58,351 | €83,910 | ▲ 43.8% |
| Profit (loss) for the period before taxes9903 | €150,094 | €439,869 | €381,272 | €56,752 | €64,467 | ▲ 13.6% |
| Transfer from deferred taxes780 | - | €1,629 | €1,629 | €1,629 | €1,629 | = |
| Income taxes67/77 | €14,283 | €87,999 | €73,083 | €27,897 | €21,052 | ▼ 24.5% |
| Profit (loss) for the period9904 | €137,441 | €353,499 | €309,818 | €30,484 | €45,045 | ▲ 47.8% |
| Transfer from tax-exempt reserves789 | - | €15,272 | €2,927 | €2,927 | €129,227 | ▲ 4,315% |
| Transfer to tax-exempt reserves689 | - | €126,300 | €147,350 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €140,367 | €242,471 | €165,395 | €33,411 | €174,271 | ▲ 422% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €3.1m | €3.7m | €4.1m | €4.7m | ▲ 15.0% |
| Fixed assets21/28 | €1.9m | €2.0m | €2.4m | €3.1m | €3.6m | ▲ 16.0% |
| Intangible fixed assets21 | €30,029 | €36,850 | €319,833 | €248,094 | €176,048 | ▼ 29.0% |
| Tangible fixed assets22/27 | €1.7m | €1.8m | €1.9m | €2.7m | €3.1m | ▲ 16.5% |
| Land and buildings22 | - | €1.4m | €1.4m | €1.7m | €1.8m | ▲ 5.5% |
| Plant, machinery and equipment23 | - | €364,968 | €422,345 | €768,587 | €1.1m | ▲ 43.6% |
| Furniture and vehicles24 | - | €28,142 | €47,786 | €231,700 | €249,019 | ▲ 7.5% |
| Financial fixed assets28 | €152,204 | €143,004 | €143,004 | €143,004 | €263,504 | ▲ 84.3% |
| Current assets29/58 | €793,472 | €1.1m | €1.3m | €995,374 | €1.1m | ▲ 11.9% |
| Amounts receivable after more than one year29 | - | €9,986 | €9,986 | - | - | - |
| Other amounts receivable291 | - | €9,986 | €9,986 | - | - | - |
| Stocks and contracts in progress3 | €127,641 | €123,065 | €186,979 | €117,459 | €147,839 | ▲ 25.9% |
| Stocks30/36 | - | €123,065 | €186,979 | €117,459 | €147,839 | ▲ 25.9% |
| Amounts receivable within one year40/41 | €594,557 | €834,725 | €980,279 | €811,592 | €885,010 | ▲ 9.0% |
| Trade receivables40 | - | €526,200 | €648,640 | €498,693 | €593,378 | ▲ 19.0% |
| Other amounts receivable41 | - | €308,525 | €331,638 | €312,899 | €291,633 | ▼ 6.8% |
| Cash at bank and in hand54/58 | €57,029 | €73,193 | €126,682 | €66,323 | €81,302 | ▲ 22.6% |
| Deferred charges and accrued income490/1 | - | €34,736 | €222 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €3.1m | €3.7m | €4.1m | €4.7m | ▲ 15.0% |
| Equity10/15 | €743,577 | €1.1m | €1.4m | €1.4m | €1.5m | ▲ 3.1% |
| Contributions10/11 | €367,916 | €367,916 | €367,916 | €367,916 | €367,916 | = |
| Capital10 | - | €367,916 | €367,916 | €367,916 | €367,916 | = |
| Issued capital100 | - | €367,916 | €367,916 | €367,916 | €367,916 | = |
| Reserves13 | €367,535 | €720,963 | €1.0m | €1.1m | €1.1m | ▲ 4.2% |
| Non-distributable reserves130/1 | - | €36,792 | €36,792 | €36,792 | €36,792 | = |
| Legal reserve130 | - | €36,792 | €36,792 | €36,792 | €36,792 | = |
| Tax-exempt reserves132 | - | €176,075 | €320,498 | €317,572 | €188,345 | ▼ 40.7% |
| Distributable reserves133 | - | €508,096 | €673,486 | €706,897 | €881,168 | ▲ 24.7% |
| Profit (loss) carried forward14 | €733 | €804 | €809 | €809 | €809 | = |
| Investment grants15 | - | €19,056 | €15,720 | €12,384 | €12,710 | ▲ 2.6% |
| Provisions and deferred taxes16 | €26,035 | €24,406 | €22,776 | €21,147 | €19,517 | ▼ 7.7% |
| Deferred taxes168 | - | €24,406 | €22,776 | €21,147 | €19,517 | ▼ 7.7% |
| Amounts payable17/49 | €1.9m | €1.9m | €2.2m | €2.6m | €3.2m | ▲ 21.7% |
| Amounts payable after more than one year17 | €909,334 | €709,535 | €870,733 | €1.1m | €1.4m | ▲ 29.6% |
| Financial debts170/4 | - | €143,735 | €304,933 | €490,662 | €834,958 | ▲ 70.2% |
| Other amounts payable178/9 | - | €565,800 | €565,800 | €565,800 | €534,300 | ▼ 5.6% |
| Amounts payable within one year42/48 | €1.0m | €1.2m | €1.3m | €1.5m | €1.7m | ▲ 14.1% |
| Current portion of amounts payable after more than one year42 | - | €148,099 | €142,174 | €163,766 | €318,977 | ▲ 94.8% |
| Financial debts43 | - | €6,018 | - | - | - | - |
| Credit institutions430/8 | - | €6,018 | - | - | - | - |
| Trade debts44 | €477,402 | €558,609 | €703,443 | €964,402 | €1.0m | ▲ 5.0% |
| Suppliers440/4 | - | €558,609 | €703,443 | €964,402 | €1.0m | ▲ 5.0% |
| Advances received on contracts in progress46 | - | - | €4,372 | - | - | - |
| Taxes, remuneration and social security45 | - | €68,447 | €79,661 | €62,435 | €78,209 | ▲ 25.3% |
| Taxes450/3 | - | €51,086 | €57,809 | €24,262 | €41,982 | ▲ 73.0% |
| Remuneration and social security454/9 | - | €17,360 | €21,852 | €38,173 | €36,227 | ▼ 5.1% |
| Other amounts payable47/48 | - | €411,995 | €369,997 | €311,811 | €304,069 | ▼ 2.5% |
| Accrued charges and deferred income492/3 | - | €25,457 | €50,197 | €58,474 | €102,293 | ▲ 74.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €137,441 | €353,499 | €309,818 | €30,484 | €45,045 | ▲ 47.8% |
| + Depreciation and write-downs630 | €148,384 | €157,111 | €197,363 | €324,552 | €360,706 | ▲ 11.1% |
| Operating cash flow (approximation) | €285,825 | €510,610 | €507,181 | €355,036 | €405,751 | ▲ 14.3% |
| Investment in fixed assets (approximation) | - | -€219,552 | -€566,188 | -€1.1m | -€853,601 | ▲ 19.1% |
| Change in cash | - | €16,164 | €53,489 | -€60,359 | €14,979 | ▲ 125% |
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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 120 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €353,499 ▲157%
Net result €353,499, the highest in the series.
31-12
Financial
Equity above €1mEq €1.1m ▲49.1%
2 profitable years in a row build equity to €1.1m.
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €137,441
Net result €137,441 after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet -€185,371
Net result drops to -€185,371, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Malmedy · 2 establishment units since 1979
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
O l'z-Eyôs 14960 MalmedyGround area
2,370 m²
Building footprint
243 m²
Volume, LiDAR
686 m³
Parcel 52047A0042/02_000, Wallonia · tallest building 3.1 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
IGAS
since 19792.016.815.882
IGAS
since 20262.384.094.803
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52047A0042/02_000 | Wallonia | 2,370 m² | 1 · 243 m² | 3.0 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
25%
According to the 2024 annual accounts of DECHAMPS and those 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMalmedy2.016.815.882
Similar companies · same sector, comparable size
ALAIN MASSUIR
BE 0471.413.070
Blégny · Eq €1,488,410
TOURNEUR GROUPE
BE 0768.673.629
Froidchapelle · Eq €1,477,073
BUSINESS DISTRIBUTION SERVICE
BE 0463.223.795
Waregem · Eq €1,476,920
HOGNOUL & Zn
BE 0429.082.666
Kortenaken · Eq €1,512,326
Sylvie’s Wine Auctions
BE 0431.792.233
Antwerpen · Eq €1,461,018
Of 3,225 companies in sector 47781 we hold annual accounts for 742. 400 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1979
Fiscal year end31-12
Trade name FR
IGAZ
Activities, NACEBEL 2025
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47251Retail sale of wines and spirits
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419837873
Also
9925:BE0419837873
Registered
20-11-2020
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.