DECO
ActiveSummary
DECO has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €38,453. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 60% of 5,027 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
- Staff
- 1.5 FTE
- Equity
- €2.1m
- Profit
- €38,453
- THEUNIS Nathalie Martine JanineDirector
- UZAL Marc OlivierDaily manager
Why 81raises riskLiquidity: current ratio 1.87, cash €1,970, halvedLast filed accounts filed 12 days late; 1 of the last 3 latelowers riskFounded in 1990Size: 1.5 FTE, total assets €4.7mShow the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 60% on solvency, 23% on liquidity, 31% on profitability and 45% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 10 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2025, full format
2025 annual accounts filed late (12 days) Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00399569.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 76% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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), Staff (FTE).
Peer companies
Historical observationOf the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
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 497,445 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% | 0.9% |
| 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 17,041 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.06m | €0.06m | €0.03m | €0.03m | €0.03m | €0.04m | €0.04m | ▲ 4.8% |
| Other operating charges640/8 | - | - | - | €0.007m | €0.007m | €0.3m | €0.008m | €0.009m | ▲ 11.0% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.002m | - | - |
| Gross operating margin9900 | €0.3m | €0.09m | €0.3m | €0.1m | €0.06m | €1.8m | €0.2m | €0.2m | ▲ 5.4% |
| Operating profit (loss)9901 | €0.1m | -€0.09m | €0.2m | -€0.005m | -€0.09m | €1.3m | €0.06m | €0.1m | ▲ 76.3% |
| Financial income75/76B | - | - | - | €0.004m | €0.004m | €0.005m | €0.001m | €0.001m | ▲ 57.2% |
| Recurring financial income75 | €0.002m | €0.003m | €192 | €0.004m | €0.004m | €0.005m | €0.001m | €0.001m | ▲ 57.2% |
| Financial charges65/66B | - | - | - | €0.04m | €0.07m | €0.05m | €0.06m | €0.06m | ▲ 8.6% |
| Recurring financial charges65 | €0.06m | €0.05m | €0.06m | €0.04m | €0.07m | €0.05m | €0.06m | €0.06m | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | €0.04m | -€0.1m | €0.1m | -€0.05m | -€0.2m | €1.3m | €0.01m | €0.06m | ▲ 446% |
| Income taxes67/77 | €254 | €232 | €0.01m | €195 | €205 | €0.2m | €0.004m | €0.02m | ▲ 307% |
| Profit (loss) for the period9904 | €0.04m | -€0.1m | €0.1m | -€0.05m | -€0.2m | €1.1m | €0.006m | €0.04m | ▲ 542% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | -€0.1m | €0.1m | -€0.05m | -€0.2m | €1.1m | €0.006m | €0.04m | ▲ 542% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.5m | €4.5m | €4.8m | €4.5m | €4.4m | €4.3m | €4.4m | €4.7m | ▲ 5.8% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0.5m | €0.4m | €0.4m | ▼ 6.4% |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0.5m | €0.4m | €0.4m | ▼ 6.4% |
| Land and buildings22 | - | - | - | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 6.2% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.002m | €0.002m | €0.002m | €0.002m | ▲ 10.4% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.002m | €0.04m | €0.03m | €0.03m | ▼ 9.8% |
| Financial fixed assets28 | €464 | €464 | €464 | €464 | €284 | €284 | €284 | €284 | = |
| Current assets29/58 | €3.9m | €4.0m | €4.3m | €4.0m | €4.0m | €3.8m | €4.0m | €4.3m | ▲ 7.1% |
| Stocks and contracts in progress3 | €3.3m | €3.4m | €3.5m | €3.4m | €3.4m | €3.7m | €3.5m | €3.5m | ▲ 0.3% |
| Stocks30/36 | - | - | - | €3.4m | €3.4m | €3.7m | €3.5m | €3.5m | ▲ 0.3% |
| Amounts receivable within one year40/41 | €0.4m | €0.4m | €0.7m | €0.5m | €0.6m | €0.09m | €0.5m | €0.7m | ▲ 60.4% |
| Trade receivables40 | - | - | - | €0.4m | €0.4m | €0.04m | €0.4m | €0.7m | ▲ 77.3% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.05m | €0.05m | €0.01m | ▼ 75.3% |
| Cash at bank and in hand54/58 | €0.009m | €0.01m | €0.03m | €0.001m | €0.004m | €0.01m | €0.009m | €0.002m | ▼ 77.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.08m | €0.08m | €0.003m | €0.007m | €0.005m | ▼ 35.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.5m | €4.5m | €4.8m | €4.5m | €4.4m | €4.3m | €4.4m | €4.7m | ▲ 5.8% |
| Equity10/15 | €1.2m | €1.1m | €1.2m | €1.1m | €1.0m | €2.1m | €2.1m | €2.1m | ▲ 1.8% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.02m | €0.02m | €0.1m | €0.1m | €0.1m | €0.4m | €0.4m | €0.5m | ▲ 8.6% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.4m | €0.4m | €0.4m | ▲ 9.5% |
| Profit (loss) carried forward14 | €0.8m | €0.7m | €0.7m | €0.6m | €0.5m | €1.2m | €1.2m | €1.2m | = |
| Amounts payable17/49 | €3.2m | €3.4m | €3.6m | €3.3m | €3.4m | €2.2m | €2.3m | €2.6m | ▲ 9.2% |
| Amounts payable after more than one year17 | €0.6m | €0.8m | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 11.9% |
| Financial debts170/4 | - | - | - | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 11.9% |
| Amounts payable within one year42/48 | €2.6m | €2.6m | €2.9m | €2.7m | €3.0m | €1.8m | €2.0m | €2.3m | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.09m | €0.1m | ▲ 40.6% |
| Financial debts43 | - | - | - | €0.9m | €0.9m | €0.4m | €0.6m | €0.7m | ▲ 16.3% |
| Credit institutions430/8 | - | - | - | €0.9m | €0.9m | €0.4m | €0.6m | €0.7m | ▲ 16.3% |
| Trade debts44 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 42.5% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 42.5% |
| Advances received on contracts in progress46 | - | - | - | €0.4m | €0.7m | €0.6m | €0.8m | €1.0m | ▲ 24.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.03m | €0.04m | €0.02m | €0.02m | ▲ 21.6% |
| Taxes450/3 | - | - | - | - | €0.002m | €0.03m | €0.008m | €0.02m | ▲ 134% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.03m | €0.009m | €0.01m | €0.004m | ▼ 60.4% |
| Other amounts payable47/48 | - | - | - | €1.1m | €1.1m | €0.4m | €0.3m | €0.3m | ▲ 8.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | €0.02m | €0.02m | €0.007m | ▼ 55.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.04m | -€0.1m | €0.1m | -€0.05m | -€0.2m | €1.1m | €0.006m | €0.04m | ▲ 542% |
| + Depreciation and write-downs630 | €0.06m | €0.06m | €0.06m | €0.03m | €0.03m | €0.03m | €0.04m | €0.04m | ▲ 4.8% |
| Operating cash flow (approximation) | €0.1m | -€0.07m | €0.2m | -€0.02m | -€0.1m | €1.1m | €0.04m | €0.08m | ▲ 80.1% |
| Investment in fixed assets (approximation) | - | -€0.02m | -€0.001m | -€0.001m | -€0.004m | -€0.05m | -€0.01m | -€0.01m | ▲ 9.6% |
| Change in cash | - | €0.002m | €0.02m | -€0.03m | €0.003m | €0.008m | -€0.003m | -€0.007m | ▼ 123% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 12-08-2026 | 2026-00399569 |
| 31-12-2024 | full format | 10-06-2025 | 2025-00131807 |
| 31-12-2023 | full format | 25-09-2024 | 2024-00486298 |
| 31-12-2022 | full format | 31-08-2023 | 2023-00436818 |
| 31-12-2021 | full format | 26-08-2022 | 2022-20339707 |
| 31-12-2020 | full format | 29-06-2021 | 2021-26600195 |
| 31-12-2019 | full format | 31-08-2020 | 2020-51300270 |
| 31-12-2018 | full format | 12-07-2019 | 2019-32100065 |
| 31-12-2017 | full format | 28-08-2018 | 2018-52400210 |
| 31-12-2016 | full format | 07-07-2017 | 2017-28600155 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| THEUNIS Nathalie Martine Janine |
|
| UZAL Marc Olivier |
|
Owners and capital
Capital and shareholders
- 17-07-2024 Capital stated in the deed · €422,000 · 1,000 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-07
Gazette deed
Reappointments: THEUNIS Nathalie Martine Janine (director) and UZAL Marc Olivier (director)Purpose change · Amendment of the articles · Capital8 facts ▸
- General meeting, 27-12-2023
- Director reappointment, THEUNIS Nathalie Martine Janine (director)
- Director reappointment, UZAL Marc Olivier (director)
- Director reappointment, UZAL Marc Olivier (daily management delegate)
- Purpose change
- Other provision, “rapport de l’organe d’administration justifiant la modification de l'objet, article 7:154 du Code des sociétés et des associations” (deed in French)
- Amendment of the articles (2 times)
- Capital, €422,000
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21808H1541/00E000 | Brussels | 91 m² | 1 · 109 m² | 20.4 m · 6 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La vente,l’achat,l’échange,la restauration,l’expertise,l’estimation,le courtage,la location,l’exposition et l’organisation d’exposition…” (deed in French)
4 activities (deed in French)
- La vente,l’achat,l’échange,la restauration,l’expertise,l’estimation,le courtage,la location,l’exposition et l’organisation d’exposition d’œuvre d’art et d’antiquités en général et sans que cette énonciation soit limitative,d’œuvre d’art graphique,d’œuvres d’art plastique,de sculptures,de cadres,de curiosités,de meubles et d’objets d’art et de décoration en général
- La création,la réalisation et le conseil en matière de décoration d’intérieurs de magasins et,en général de tous espaces commerciaux ou d’habitations privées ainsi que la commercialisation de tous objets ou accessoires s’y rapportant
- Le transport national et international par route,rail,eau ou air de toutes marchandises,en vrac ou emballées
- Au déménagement et l'entreposage de meubles
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DECO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Peuvent être créés,en Belgique ou à l’étranger,par décision de l’organe d’administration, Annexes du Moniteur belge” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “18, conseil peut élire président parmi membres” (deed in French)“Tout administrateur peut donner à collègue par écrit ou support matériel mandat pour réunion déterminée et voter lieu et place, moitié au…” (deed in French)“21, produire en justice ou ailleurs” (deed in French)“Accomplir tous actes nécessaires ou utiles à réalisation objet, 22” (deed in French)“Gestion journalière et représentation pour cette gestion, 23” (deed in French)“24, sauf décision contraire assemblée générale” (deed in French)“Situation financière comptes annuels régularité au regard Code et statuts opérations à constater, 25” (deed in French)“27, décisions obligatoires pour tous même absents ou dissidents” (deed in French)“11 heures, siège ou autre endroit indiqué convocation” (deed in French)“Toute personne peut renoncer considérée régulièrement convoquée si présente ou représentée, 29” (deed in French)“17, illimitée” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Toutes aliénations entre vifs à titre onéreux ou gratuit et transmissions pour cause de décès,d'actions,droits de souscription,autres titres…” (deed in French)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “Autorisation, pour une ou plusieurs périodes de cinq ans maximum” (deed in French)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed