DECKARD
Dissolved and wound upFinancials · financial year 2025, micro format
2025 annual accounts filed 17 days after the deadline Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00402123.
Annual accounts 2025 filed on 17-08-2026 at the NBB all 5 filings
Turnover
€130,825▼ 26.4%
2021 · €177,795
EBIT margin
51.6%▼ 1.5pp
2021 · 53.1%
Net result
-€28,912▼ 1.5%
2024 · -€28,475
Working capital
€124,387▼ 18.5%
2024 · €152,593
Multi-year overview
2021 to 2025, 5 financial yearsTurnover
no figure
2025
20212025
Operating result
-€36,379
▼ 25.0%
2025
20212025
Net result
-€28,912
▼ 1.5%
2025
20212025
EBIT margin
no figure
2025
20212025
Equity
€124,387
▼ 18.9%
2025
20212025
Total assets
€125,981
▼ 22.3%
2025
20212025
Debt
€1,594
▼ 81.9%
2025
20212025
Working capital
€124,387
▼ 18.5%
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Turnover€177,795-€130,825▼ 26.4%
Operating result€94,390-€67,520▼ 28.5%€60,253▼ 10.8%-€29,114-€36,379▼ 25.0%
Net result€75,332-€53,927▼ 28.4%€49,515▼ 8.2%-€28,475-€28,912▼ 1.5%
EBIT margin53.1%-51.6%▼ 1.5pp
Equity€78,332-€132,259▲ 68.8%€181,774▲ 37.4%€153,299▼ 15.7%€124,387▼ 18.9%
Total assets€123,855-€177,079▲ 43.0%€224,582▲ 26.8%€162,111▼ 27.8%€125,981▼ 22.3%
Debt€45,523-€44,820▼ 1.5%€42,808▼ 4.5%€8,812▼ 79.4%€1,594▼ 81.9%
Working capital€76,592-€128,267▲ 67.5%€179,779▲ 40.2%€152,593▼ 15.1%€124,387▼ 18.5%
The operating result for 2025 is a loss of €36,379, larger than the loss of €29,114 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €125,981
Equity
€124,387 ▼ 18.9%
Debt
€1,594 ▼ 81.9%
Debt's share of the balance-sheet total falls from 5.4% to 1.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
79.01▲
2024 · 18.32
Debt to equity
0.01▼
2024 · 0.06
ROE
-23.2%▼
2024 · -18.6%
ROA
-22.9%▼
2024 · -17.6%
Debt ≤ 1 year
€1,594▼
2024 · €8,812
Income taxes
-€6,080▼
2024 · -€172
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,258 | €3,449 | - | - | - |
| Depreciation and write-downs of the year | €519 | €1,197 | €1,902 | €1,384 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €177,795 | €130,825 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €82,886 | €62,109 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €519 | €1,197 | €1,902 | €1,384 | - | - |
| Other operating charges640/8 | - | - | €996 | €1,233 | €400 | ▼ 67.6% |
| Gross operating margin9900 | €94,909 | €68,716 | €63,151 | -€26,497 | -€35,979 | ▼ 35.8% |
| Operating profit (loss)9901 | €94,390 | €67,520 | €60,253 | -€29,114 | -€36,379 | ▼ 25.0% |
| Financial income75/76B | - | - | €2,099 | €1,565 | €2,307 | ▲ 47.4% |
| Recurring financial income75 | - | - | €2,099 | €1,565 | €2,307 | ▲ 47.4% |
| Financial charges65/66B | €186 | €26 | €376 | €1,099 | €920 | ▼ 16.3% |
| Recurring financial charges65 | €186 | €26 | €376 | €1,099 | €920 | ▼ 16.3% |
| Profit (loss) for the period before taxes9903 | €94,204 | €67,494 | €61,976 | -€28,648 | -€34,992 | ▼ 22.1% |
| Income taxes67/77 | €18,872 | €13,567 | €12,461 | -€172 | -€6,080 | ▼ 3,426% |
| Profit (loss) for the period9904 | €75,332 | €53,927 | €49,515 | -€28,475 | -€28,912 | ▼ 1.5% |
| Profit (loss) for the period to be appropriated9905 | €75,332 | €53,927 | €49,515 | -€28,475 | -€28,912 | ▼ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €123,855 | €177,079 | €224,582 | €162,111 | €125,981 | ▼ 22.3% |
| Fixed assets21/28 | €1,740 | €3,992 | €2,090 | €706 | - | - |
| Tangible fixed assets22/27 | €1,740 | €3,992 | €2,090 | €706 | - | - |
| Plant, machinery and equipment23 | - | - | €234 | - | - | - |
| Furniture and vehicles24 | €1,740 | €3,992 | €1,855 | €706 | - | - |
| Current assets29/58 | €122,116 | €173,088 | €222,492 | €161,405 | €125,981 | ▼ 21.9% |
| Amounts receivable within one year40/41 | €73,736 | €77,707 | €102,791 | €76,241 | €45,035 | ▼ 40.9% |
| Trade receivables40 | €73,568 | €46,464 | €52,491 | €36,784 | - | - |
| Other amounts receivable41 | €168 | €31,243 | €50,300 | €39,457 | €45,035 | ▲ 14.1% |
| Cash at bank and in hand54/58 | €48,379 | €95,381 | €119,701 | €85,164 | €80,947 | ▼ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €123,855 | €177,079 | €224,582 | €162,111 | €125,981 | ▼ 22.3% |
| Equity10/15 | €78,332 | €132,259 | €181,774 | €153,299 | €124,387 | ▼ 18.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €75,332 | €129,259 | €178,774 | €150,299 | €121,387 | ▼ 19.2% |
| Amounts payable17/49 | €45,523 | €44,820 | €42,808 | €8,812 | €1,594 | ▼ 81.9% |
| Amounts payable within one year42/48 | €45,523 | €44,820 | €42,713 | €8,812 | €1,594 | ▼ 81.9% |
| Trade debts44 | €22 | €1,856 | €17,326 | €1,793 | €1,594 | ▼ 11.1% |
| Suppliers440/4 | €22 | €1,856 | €17,326 | €1,793 | €1,594 | ▼ 11.1% |
| Taxes, remuneration and social security45 | €30,794 | €42,358 | €25,387 | €7,020 | - | - |
| Taxes450/3 | €30,794 | €39,858 | €25,387 | €7,020 | - | - |
| Remuneration and social security454/9 | - | €2,500 | - | - | - | - |
| Other amounts payable47/48 | €14,707 | €606 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €95 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,332 | €53,927 | €49,515 | -€28,475 | -€28,912 | ▼ 1.5% |
| + Depreciation and write-downs630 | €519 | €1,197 | €1,902 | €1,384 | - | - |
| Operating cash flow (approximation) | €75,851 | €55,124 | €51,417 | -€27,092 | -€28,912 | ▼ 6.7% |
| Investment in fixed assets (approximation) | - | -€3,449 | €0 | €0 | - | - |
| Change in cash | - | €47,002 | €24,320 | -€34,537 | -€4,217 | ▲ 87.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-08-2026 | 2026-00402123 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00444830 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00420434 | |
| 31-12-2022 | micro format | 11-10-2023 | 2023-00488250 | |
| 31-12-2021 | micro format | 14-09-2022 | 2022-20433363 |