DECIMO
InactiveDECIMO was declared bankrupt on 19-12-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 25-03-2025, published in the Belgian State Gazette on 03-04-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-06-2023, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d early
2021
79 d late
2020
90 d late
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€109k▼ 8.1%
2018 · €119k
2018: €119k
2018 → 2019
EBIT margin
4.5%▲ 76.1pp
2018 · -71.6%
2018: -71.6%
2018 → 2019
Net result
€-131k▼ 667%
2021 · €-17k
2018: €-91k
2019: €468
2020: €-34k
2021: €-17k
2018 → 2022
Working capital
€-92k
2021 · €51k
2018: €19k
2019: €54k
2020: €63k
2021: €51k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€119k-€109k▼ 8.1%
Equity€22k-€22k▲ 2.1%€19k▼ 17.6%€19k▲ 2.4%€-112k
Operating result€-85k-€5k€-24k€-9k▲ 61.8%€-128k▼ 1,311%
Net result€-91k-€468€-34k€-17k▲ 49.8%€-131k▼ 667%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €128k in 2022 against €9k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €14k
Fixed assets
€4k ▼ 33.8%
Current assets
€11k ▼ 94.2%
Key figures and ratios
EBITDA
€-126k▼
2021 · €-7k
Cash flow
€-129k▼
2021 · €-15k
Solvency
-784.9%▼
2021 · 10.0%
Current ratio
0.10▼
2021 · 1.38
Debt to equity
-1.13▼
2021 · 8.97
ROA
-917.8%▼
2021 · -9.0%
Interest coverage
-27.95▼
2021 · -1.10
Debt
€126k▼
2021 · €170k
Debt ≤ 1 year
€103k▼
2021 · €133k
Debt > 1 year
€23k▼
2021 · €37k
Income taxes
€-1k▼
2021 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 49 lines
Balance sheet
Code20212022
Assets
Total assets20/58€189k€14k▼
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€3k▼
Land and buildings22€4k€3k▼
Plant, machinery and equipment23€2k€434▼
Financial fixed assets28€400€400=
Current assets29/58€183k€11k▼
Amounts receivable within one year40/41€101k€3k▼
Trade receivables40€101k€3k▼
Cash at bank and in hand54/58€1k€8k▲
Deferred charges and accrued income490/1€81k€0▼
Equity and liabilities
Total equity and liabilities10/49€189k€14k▼
Equity10/15€19k€-112k▼
Contributions10/11€22k€22k=
Reserves13€23€23=
Non-distributable reserves130/1€23€23=
Reserves not available under the articles1311€23€23=
Profit (loss) carried forward14€-3k€-134k▼
Amounts payable17/49€170k€126k▼
Amounts payable after more than one year17€37k€23k▼
Financial debts170/4€37k€23k▼
Amounts payable within one year42/48€133k€103k▼
Current portion of amounts payable after more than one year42€16k€14k▼
Financial debts43€6k€50k▲
Credit institutions430/8-€50k
Other loans439€6k€0▼
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€16k€21k▲
Taxes450/3€3k€21k▲
Remuneration and social security454/9€13k€0▼
Other amounts payable47/48€80k€3k▼
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€10k
Other operating charges640/8€881€767▼
Gross operating margin9900€-6k€-115k▼
Operating profit (loss)9901€-9k€-128k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€-16k€-132k▼
Income taxes67/77€1k€-1k▼
Profit (loss) for the period9904€-17k€-131k▼
Profit (loss) for the period to be appropriated9905€-17k€-131k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-134k▼
Profit (loss) brought forward from the previous period14P€-4k€-3k▲
Shareholders' contribution to the loss794€18k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · DECIMO BV DE LIMBURG STIRUMLAAN 166, 1780 WEMMEL · event 25-03-2025
2023
27-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · DECIMO BV DE LIMBURG STIRUMLAAN 166, 1780 WEMMEL · event 19-12-2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-131k
Net result drops to €-131k, the lowest in the series.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €468
Net result €468 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
6 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Ilse VAN DE MIEROP WOLSTRAAT 68-70,
1000 BRUSSEL 1 |
19-12-2023 → 25-03-2025 |