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DECITEC

Active
Private limited companyfounded 200620 yrs activeAdmiraal Keyesplein 35, 8380 Brugge, BelgiumKBO/BCE: BE 0880.526.903
Summary

DECITEC has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €297,121 and a net result of €14,798. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 213 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2026
Axes · tick = 2025
Profitability75=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 8.75 against 5.17 in 2025; short-term debt: 4.9% and cash: 33.1% of total assets), and 4.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
95.1%
Return on assets
4.7%
Age of the figures
3 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 15-09-2026, 138 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
138 d early
2025
68 d early
2024
74 d early
2023
56 d early
2022
42 d early
2021
49 d early
2020
51 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 68 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven months
Position in the running window
26-09-2026 today30-06-2027 close31-01-2028 deadline
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

DECITEC was incorporated on 5 April 2006.1 Total assets fell from EUR 359,133 in 2019 to EUR 312,515 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, micro schema

Equity
€297,121▲ 4.9%
2025 · €283,156
Total assets
€312,515▼ 2.1%
2025 · €319,253
Net result
€14,798▼ 12.1%
2025 · €16,840
Working capital
€119,327▲ 12.6%
2025 · €105,950
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
Line20222023202420252026
Operating result€20,275▲ 11.1%€13,582▼ 33.0%€18,789▲ 38.3%€22,558▲ 20.1%€20,481▼ 9.2%
Net result€12,862▲ 24.3%€7,101▼ 44.8%€13,583▲ 91.3%€16,840▲ 24.0%€14,798▼ 12.1%
Equity€280,124▲ 4.5%€254,425▼ 9.2%€267,175▲ 5.0%€283,156▲ 6.0%€297,121▲ 4.9%
Total assets€363,419▼ 2.0%€353,828▼ 2.6%€322,616▼ 8.8%€319,253▼ 1.0%€312,515▼ 2.1%
Debt€83,295▼ 19.0%€99,403▲ 19.3%€55,441▼ 44.2%€36,098▼ 34.9%€15,394▼ 57.4%
Working capital€114,910▲ 9.3%€86,286▼ 24.9%€96,972▲ 12.4%€105,950▲ 9.3%€119,327▲ 12.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2022: €20,275€20,275Net result 2022: €12,862€12,862Operating result 2023: €13,582€13,582Net result 2023: €7,101€7,101Operating result 2024: €18,789€18,789Net result 2024: €13,583€13,583Operating result 2025: €22,558€22,558Net result 2025: €16,840€16,840Operating result 2026: €20,481€20,481Net result 2026: €14,798€14,79820222023202420252026€0€10,000€20,000Operating result 2024: €18,789€18,800Net result 2024: €13,583€13,600Operating result 2025: €22,558€22,600Net result 2025: €16,840€16,800Operating result 2026: €20,481€20,500Net result 2026: €14,798€14,800202420252026
The operating result falls in 2026; 2026 is 9% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €312,515
Fixed assets €177,794 ▼ 5.4%
Current assets €134,721 ▲ 2.6%
Equity and liabilities €312,515
Equity €297,121 ▲ 4.9%
Debt €15,394 ▼ 57.4%
Debt's share of the balance-sheet total falls from 11.3% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€30,611▼
2025 · €33,362
Cash flow
€24,929▼
2025 · €27,644
Current ratio
8.75▲
2025 · 5.17
Quick ratio
7.92▲
2025 · 4.48
Debt to equity
0.05▼
2025 · 0.13
ROE
5.0%▼
2025 · 5.9%
ROA
4.7%▼
2025 · 5.3%
Interest coverage
32.14▲
2025 · 20.31
Debt ≤ 1 year
€15,394▼
2025 · €25,379
Debt > 1 year
€0▼
2025 · €10,719
Income taxes
€6,397▼
2025 · €6,714
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 · 2026 against 2025 · 47 lines
Balance sheet Code20252026
Assets
Total assets20/58€319,253€312,515▼
Fixed assets21/28€187,925€177,794▼
Tangible fixed assets22/27€187,925€177,794▼
Land and buildings22€187,579€177,794▼
Plant, machinery and equipment23€345€0▼
Current assets29/58€131,329€134,721▲
Stocks and contracts in progress3€17,609€12,741▼
Stocks30/36€10,134€7,571▼
Contracts in progress37€7,475€5,170▼
Amounts receivable within one year40/41€1,752€1,687▼
Other amounts receivable41€1,752€1,687▼
Current investments50/53€12,000€12,000=
Cash at bank and in hand54/58€97,665€103,411▲
Deferred charges and accrued income490/1€2,303€4,883▲
Equity and liabilities
Total equity and liabilities10/49€319,253€312,515▼
Equity10/15€283,156€297,121▲
Contributions10/11€93,600€93,600=
Reserves13€189,556€203,521▲
Distributable reserves133€189,556€203,521▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€36,098€15,394▼
Amounts payable after more than one year17€10,719€0▼
Financial debts170/4€10,719€0▼
Amounts payable within one year42/48€25,379€15,394▼
Current portion of amounts payable after more than one year42€17,807€10,719▼
Trade debts44€452€784▲
Suppliers440/4€452€784▲
Taxes, remuneration and social security45€2,404€1,087▼
Taxes450/3€2,404€1,087▼
Other amounts payable47/48€4,715€2,804▼
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,804€10,130▼
Other operating charges640/8€2,173€2,234▲
Gross operating margin9900€35,535€32,845▼
Operating profit (loss)9901€22,558€20,481▼
Financial income75/76B€2,639€1,667▼
Recurring financial income75€2,639€1,667▼
Financial charges65/66B€1,643€952▼
Recurring financial charges65€1,643€952▼
Profit (loss) for the period before taxes9903€23,554€21,195▼
Income taxes67/77€6,714€6,397▼
Profit (loss) for the period9904€16,840€14,798▼
Profit (loss) for the period to be appropriated9905€16,840€14,798▼
Appropriation of the result
Profit (loss) to be appropriated9906€16,840€14,798▼
Transfer to equity691/2€15,981€13,965▼
To other reserves6921€15,981€13,965▼
Profit to be distributed694/7€859€833▼
Return on contributions (dividend)694€859€833▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,518€13,464€15,099€10,804€10,130▼ 6.2%
Other operating charges640/8€2,581€2,016€2,097€2,173€2,234▲ 2.8%
Gross operating margin9900€36,374€29,061€35,985€35,535€32,845▼ 7.6%
Operating profit (loss)9901€20,275€13,582€18,789€22,558€20,481▼ 9.2%
Financial income75/76B€1,958€1,565€1,474€2,639€1,667▼ 36.8%
Recurring financial income75€1,958€1,565€1,474€2,639€1,667▼ 36.8%
Financial charges65/66B€4,021€4,178€1,079€1,643€952▼ 42.0%
Recurring financial charges65€4,021€4,178€1,079€1,643€952▼ 42.0%
Profit (loss) for the period before taxes9903€18,212€10,969€19,184€23,554€21,195▼ 10.0%
Income taxes67/77€5,350€3,868€5,600€6,714€6,397▼ 4.7%
Profit (loss) for the period9904€12,862€7,101€13,583€16,840€14,798▼ 12.1%
Profit (loss) for the period to be appropriated9905€12,862€7,101€13,583€16,840€14,798▼ 12.1%
Line20222023202420252026Change
Assets
Total assets20/58€363,419€353,828€322,616€319,253€312,515▼ 2.1%
Fixed assets21/28€227,292€213,828€198,729€187,925€177,794▼ 5.4%
Tangible fixed assets22/27€227,292€213,828€198,729€187,925€177,794▼ 5.4%
Land and buildings22€225,323€212,400€197,842€187,579€177,794▼ 5.2%
Plant, machinery and equipment23€1,968€1,427€886€345€0▼ 100%
Current assets29/58€136,127€140,000€123,887€131,329€134,721▲ 2.6%
Stocks and contracts in progress3€19,200€18,025€15,460€17,609€12,741▼ 27.6%
Stocks30/36€18,700€16,025€11,960€10,134€7,571▼ 25.3%
Contracts in progress37€500€2,000€3,500€7,475€5,170▼ 30.8%
Amounts receivable within one year40/41€340€11,359€0€1,752€1,687▼ 3.7%
Trade receivables40-€9,726€0---
Other amounts receivable41€340€1,633€0€1,752€1,687▼ 3.7%
Current investments50/53€12,000€10,771€12,000€12,000€12,000=
Cash at bank and in hand54/58€97,716€97,704€94,195€97,665€103,411▲ 5.9%
Deferred charges and accrued income490/1€6,871€2,141€2,232€2,303€4,883▲ 112%
Equity and liabilities
Total equity and liabilities10/49€363,419€353,828€322,616€319,253€312,515▼ 2.1%
Equity10/15€280,124€254,425€267,175€283,156€297,121▲ 4.9%
Contributions10/11€93,600€93,600€93,600€93,600€93,600=
Reserves13€186,524€160,825€173,575€189,556€203,521▲ 7.4%
Non-distributable reserves130/1€9,360-----
Reserves not available under the articles1311€9,360-----
Distributable reserves133€177,164€160,825€173,575€189,556€203,521▲ 7.4%
Profit (loss) carried forward14--€0€0€0-
Amounts payable17/49€83,295€99,403€55,441€36,098€15,394▼ 57.4%
Amounts payable after more than one year17€62,078€45,639€28,526€10,719€0▼ 100%
Financial debts170/4€62,078€45,639€28,526€10,719€0▼ 100%
Amounts payable within one year42/48€21,217€53,714€26,915€25,379€15,394▼ 39.3%
Current portion of amounts payable after more than one year42€15,804€16,440€17,113€17,807€10,719▼ 39.8%
Trade debts44-€8,625€1,042€452€784▲ 73.3%
Suppliers440/4-€8,625€1,042€452€784▲ 73.3%
Taxes, remuneration and social security45€1,216€1,180€2,460€2,404€1,087▼ 54.8%
Taxes450/3€1,216€1,180€2,460€2,404€1,087▼ 54.8%
Other amounts payable47/48€4,196€27,469€6,300€4,715€2,804▼ 40.5%
Accrued charges and deferred income492/3-€50€0---
Line20222023202420252026Change
Profit (loss) for the period9904€12,862€7,101€13,583€16,840€14,798▼ 12.1%
+ Depreciation and write-downs630€13,518€13,464€15,099€10,804€10,130▼ 6.2%
Operating cash flow (approximation)€26,380€20,565€28,682€27,644€24,929▼ 9.8%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€12-€3,509€3,470€5,745▲ 65.6%

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

Next filing, fiscal year 2027, expected by 31-01-2028
2026
15-09
NBB filing Annual accounts filed
fiscal year 2026 · micro schema
2025
24-11
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
18-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
06-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
20-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
13-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2020
11-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial Highest result since 2019net €26,271 ▲379%
Operating result €40,196, net result €26,271, both a record.
13-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
10-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
18-12
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Brugge · 1 establishment unit since 2006
seat establishment The establishment unit on the map
Ground area
206 m²
Building footprint
73 m²
Volume, LiDAR
364 m³
Parcel 31812P0025/00N008, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DECITEC
Admiraal Keyesplein 35, 8380 BruggeNACE 29230
since 20062.153.037.635
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31812P0025/00N008 Flanders 206 m² 1 · 73 m² 8.4 m · 2 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.

Public money · subsidies and aid

Flemish government

2023 to 2024 · 2 entries · 310 EUR awarded · 310 EUR paid
Year Entries awardedpaid
2024 1 245 EUR310 EUR
2023 1 65 EUR0 EUR
Schemes
2 entries · 310 EUR · 310 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,327. 7,603 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
Founded05-04-2006
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43230Insulation installation
64210Activities of holding companies

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