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Decibel Construct

Active
Private limited companyfounded 2012active for 14 yearsJef Devosstraat 52, 1190 Vorst, BelgiumKBO/BCE: BE 0844.672.238
Summary

Decibel Construct has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,249 and a net result of €12,917. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 31% of 974 sector peers (NACE 78, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Financials · financial year 2025, micro format

Equity
€35,249▲ 57.8%
2024 · €22,332
Total assets
€152,540▲ 492%
2024 · €25,773
Net result
€12,917
2024 · -€6,207
Working capital
€33,023▲ 47.9%
2024 · €22,332
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result returns to profit in 2025: €19,564 after a loss of €6,057 in 2024, the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€19,564 2025 Net result€12,917 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 78, Employment activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€2,645-€19,807▲ 649%-€2,115€242€4,256▲ 1,662%-€7,450-€6,057▲ 18.7%€19,564
Net result€1,693-€13,802▲ 715%-€770within the sector's middle half€116below the sector's middle half€1,928below the sector's middle half▲ 1,560%-€7,450below the sector's middle half-€6,207below the sector's middle half▲ 16.7%€12,917within the sector's middle half
Equity€20,913-€34,715▲ 66.0%€33,945within the sector's middle half▼ 2.2%€34,062within the sector's middle half▲ 0.3%€35,990within the sector's middle half▲ 5.7%€28,540within the sector's middle half▼ 20.7%€22,332within the sector's middle half▼ 21.7%€35,249within the sector's middle half▲ 57.8%
Total assets€33,969-€42,830▲ 26.1%€46,044below the sector's middle half▲ 7.5%€36,227below the sector's middle half▼ 21.3%€44,029below the sector's middle half▲ 21.5%€41,332below the sector's middle half▼ 6.1%€25,773below the sector's middle half▼ 37.6%€152,540within the sector's middle half▲ 492%
Debt€13,056-€8,114▼ 37.8%€12,098▲ 49.1%€2,165▼ 82.1%€8,039▲ 271%€12,792▲ 59.1%€3,441▼ 73.1%€117,291▲ 3,309%
Working capital€20,913-€34,715▲ 66.0%€33,945within the sector's middle half▼ 2.2%€34,062within the sector's middle half▲ 0.3%€35,990within the sector's middle half▲ 5.7%€28,540within the sector's middle half▼ 20.7%€22,332within the sector's middle half▼ 21.7%€33,023within the sector's middle half▲ 47.9%
Solvency61.6%-81.1%▲ 19.5pp73.7%above the sector's middle half▼ 7.3pp94.0%above the sector's middle half▲ 20.3pp81.7%above the sector's middle half▼ 12.3pp69.1%within the sector's middle half▼ 12.7pp86.6%above the sector's middle half▲ 17.6pp23.1%within the sector's middle half▼ 63.5pp
Current ratio2.60-5.28▲ 2.683.81above the sector's middle half▼ 1.4716.73above the sector's middle half▲ 12.935.48above the sector's middle half▼ 11.253.23within the sector's middle half▼ 2.257.49above the sector's middle half▲ 4.261.28within the sector's middle half▼ 6.21
Return on assets (ROA)5.0%-32.2%▲ 27.2pp-1.7%within the sector's middle half▼ 33.9pp0.3%below the sector's middle half▲ 2.0pp4.4%within the sector's middle half▲ 4.1pp-18.0%below the sector's middle half▼ 22.4pp-24.1%below the sector's middle half▼ 6.1pp8.5%within the sector's middle half▲ 32.6pp
above within below the middle half of NACE 78, Employment activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152,540
Fixed assets €2,226
Current assets €150,314
Equity and liabilities €152,540
Equity €35,249 ▲ 57.8%
Debt €117,291 ▲ 3,309%
Debt's share of the balance-sheet total rises from 13.4% to 76.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€21,174
Cash flow
€14,527
Debt to equity
3.33▲
2024 · 0.15
ROE
36.6%▲
2024 · -27.8%
Interest coverage
over 100
Debt ≤ 1 year
€117,291▲
2024 · €3,441
Income taxes
€6,449
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.4% stopped otherwise
95.9% 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 0.4% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 74.5% 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 5,053 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€25,773€152,540▲
Fixed assets21/28-€2,226
Tangible fixed assets22/27-€2,182
Furniture and vehicles24-€2,182
Financial fixed assets28-€44
Current assets29/58€25,773€150,314▲
Amounts receivable within one year40/41€25,188€134,520▲
Trade receivables40€24,793€133,039▲
Other amounts receivable41€395€1,482▲
Cash at bank and in hand54/58€586€15,794▲
Equity and liabilities
Total equity and liabilities10/49€25,773€152,540▲
Equity10/15€22,332€35,249▲
Contributions10/11€6,200€6,200=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€14,272€27,189▲
Amounts payable17/49€3,441€117,291▲
Amounts payable within one year42/48€3,441€117,291▲
Trade debts44€3,141€108,031▲
Suppliers440/4€3,141€108,031▲
Taxes, remuneration and social security45€300€6,449▲
Taxes450/3-€6,449
Remuneration and social security454/9€300-
Other amounts payable47/48-€2,811
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,611
Other operating charges640/8€58€16,905▲
Non-recurring operating charges66A€4,990-
Gross operating margin9900-€1,009€38,079▲
Operating profit (loss)9901-€6,057€19,564▲
Financial income75/76B€25€0▼
Recurring financial income75€25€0▼
Financial charges65/66B€175€198▲
Recurring financial charges65€175€198▲
Profit (loss) for the period before taxes9903-€6,207€19,366▲
Income taxes67/77-€6,449
Profit (loss) for the period9904-€6,207€12,917▲
Profit (loss) for the period to be appropriated9905-€6,207€12,917▲
Appropriation of the result
Profit (loss) to be appropriated9906€14,272€27,189▲
Profit (loss) brought forward from the previous period14P€20,480€14,272▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-------€1,611-
Other operating charges640/8---€53€278€377€58€16,905▲ 29,047%
Non-recurring operating charges66A---€4,716-€1,022€4,990--
Gross operating margin9900€2,645€19,807-€2,115€5,010€4,534-€6,051-€1,009€38,079-
Operating profit (loss)9901€2,645€19,807-€2,115€242€4,256-€7,450-€6,057€19,564-
Financial income75/76B------€25€0▼ 99.6%
Recurring financial income75------€25€0▼ 99.6%
Financial charges65/66B---€72€78€0€175€198▲ 13.2%
Recurring financial charges65€341€207€298€72€78€0€175€198▲ 13.2%
Profit (loss) for the period before taxes9903€2,304€19,600-€2,413€170€4,178-€7,450-€6,207€19,366-
Income taxes67/77€611€5,798-€1,643€53€2,250--€6,449-
Profit (loss) for the period9904€1,693€13,802-€770€116€1,928-€7,450-€6,207€12,917-
Profit (loss) for the period to be appropriated9905€1,693€13,802-€770€116€1,928-€7,450-€6,207€12,917-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€33,969€42,830€46,044€36,227€44,029€41,332€25,773€152,540▲ 492%
Fixed assets21/28-------€2,226-
Tangible fixed assets22/27-------€2,182-
Furniture and vehicles24-------€2,182-
Financial fixed assets28-------€44-
Current assets29/58€33,969€42,830€46,044€36,227€44,029€41,332€25,773€150,314▲ 483%
Amounts receivable within one year40/41€28,717€37,153€41,949€31,721€39,468€41,037€25,188€134,520▲ 434%
Trade receivables40---€30,326€36,311€39,830€24,793€133,039▲ 437%
Other amounts receivable41---€1,395€3,156€1,207€395€1,482▲ 275%
Cash at bank and in hand54/58€5,252€5,677€43€4,506€4,561€295€586€15,794▲ 2,597%
Equity and liabilities
Total equity and liabilities10/49€33,969€42,830€46,044€36,227€44,029€41,332€25,773€152,540▲ 492%
Equity10/15€20,913€34,715€33,945€34,062€35,990€28,540€22,332€35,249▲ 57.8%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€1,860€1,860€1,860€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€12,853€26,655€25,885€26,002€27,930€20,480€14,272€27,189▲ 90.5%
Amounts payable17/49€13,056€8,114€12,098€2,165€8,039€12,792€3,441€117,291▲ 3,309%
Amounts payable within one year42/48€13,056€8,114€12,098€2,165€8,039€12,792€3,441€117,291▲ 3,309%
Trade debts44----€2,467€9,068€3,141€108,031▲ 3,340%
Suppliers440/4----€2,467€9,068€3,141€108,031▲ 3,340%
Taxes, remuneration and social security45---€2,045€4,804€3,725€300€6,449▲ 2,050%
Taxes450/3---€45€1,204--€6,449-
Remuneration and social security454/9---€2,000€3,600€3,725€300--
Other amounts payable47/48---€121€768--€2,811-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€1,693€13,802-€770€116€1,928-€7,450-€6,207€12,917-
+ Depreciation and write-downs630-------€1,611-
Operating cash flow (approximation)€1,693€13,802-€770€116€1,928-€7,450-€6,207€14,527-
Change in cash-€425-€5,634€4,463€55-€4,266€291€15,208▲ 5,134%

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

Download as CSV

Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 07-07-2026 2026-00262273
31-12-2024 micro format 24-11-2025 2025-00569491
31-12-2023 micro format 26-08-2024 2024-00368356
31-12-2022 micro format 21-08-2023 2023-00337235
31-12-2021 micro format 30-08-2022 2022-20348310
31-12-2020 micro format 28-08-2021 2021-59100561
31-12-2019 micro format 01-10-2020 2020-58200075
31-12-2018 micro format 29-08-2019 2019-58900445
31-12-2017 micro format 31-08-2018 2018-60100061
31-12-2016 full format 30-09-2017 2017-64300456

Show all 14 filings

Similar companies · same sector, comparable size

Of the 2,328 active companies whose main activity is employment placement agencies (NACE 78100), figures are known for 1,372. 1,019 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.