DECO
ActiveSummary
DECO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€114,927) and a net result of -€5,300. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 7% of 7564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 0.74 in 2024; short-term debt: 137.6% and cash: 0.1% of total assets), and equity is negative.
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Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-37.6%
Return on assets
-1.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€114,927
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
2 d late
2022
21 d late
2021
26 d late
2020
51 d late
2019
14 d late
← 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 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€114,927▼ 4.8%
2024 · -€109,627
Total assets
€305,610▲ 0.2%
2024 · €304,851
Net result
-€5,300▼ 14.2%
2024 · -€4,639
Working capital
-€114,817▼ 4.7%
2024 · -€109,613
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€13,130▲ 50.5%-€2,739▲ 79.1%-€6,478▼ 136%-€3,465▲ 46.5%-€4,054▼ 17.0%
Net result-€14,268below the sector's middle half▲ 48.5%-€3,975below the sector's middle half▲ 72.1%-€7,666below the sector's middle half▼ 92.8%-€4,639below the sector's middle half▲ 39.5%-€5,300below the sector's middle half▼ 14.2%
Equity-€93,347below the sector's middle half▼ 18.0%-€97,322below the sector's middle half▼ 4.3%-€104,989below the sector's middle half▼ 7.9%-€109,627below the sector's middle half▼ 4.4%-€114,927below the sector's middle half▼ 4.8%
Total assets€312,066above the sector's middle half▼ 3.7%€310,120above the sector's middle half▼ 0.6%€306,975above the sector's middle half▼ 1.0%€304,851above the sector's middle half▼ 0.7%€305,610above the sector's middle half▲ 0.2%
Debt€405,413▲ 0.6%€407,442▲ 0.5%€411,964▲ 1.1%€414,479▲ 0.6%€420,537▲ 1.5%
Working capital-€93,685▼ 17.6%-€97,439▼ 4.0%-€105,094▼ 7.9%-€109,613▼ 4.3%-€114,817▼ 4.7%
Solvency-29.9%below the sector's middle half▼ 5.5pp-31.4%below the sector's middle half▼ 1.5pp-34.2%below the sector's middle half▼ 2.8pp-36.0%below the sector's middle half▼ 1.8pp-37.6%below the sector's middle half▼ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
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 €4,054 in 2025 against €3,465 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305,610
Fixed assets
€35 ▼ 71.9%
Current assets
€305,575 ▲ 0.3%
Key figures and ratios
EBITDA
-€3,965▼
2024 · -€3,375
Cash flow
-€5,210▼
2024 · -€4,549
Current ratio
0.73▼
2024 · 0.74
Quick ratio
0.12▲
2024 · 0.12
Debt to equity
-3.66▲
2024 · -3.78
ROA
-1.7%▼
2024 · -1.5%
Interest coverage
-3.18▼
2024 · -2.87
Debt ≤ 1 year
€420,392▲
2024 · €414,339
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,798 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €223 | €223 | €273 | €90 | €90 | = |
| Other operating charges640/8 | €449 | €729 | €493 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | -€12,459 | -€1,788 | -€5,712 | -€2,869 | -€3,445 | ▼ 20.1% |
| Operating profit (loss)9901 | -€13,130 | -€2,739 | -€6,478 | -€3,465 | -€4,054 | ▼ 17.0% |
| Financial charges65/66B | €1,137 | €1,236 | €1,188 | €1,174 | €1,245 | ▲ 6.0% |
| Recurring financial charges65 | €1,137 | €1,236 | €1,188 | €1,174 | €1,245 | ▲ 6.0% |
| Profit (loss) for the period before taxes9903 | -€14,268 | -€3,975 | -€7,666 | -€4,639 | -€5,300 | ▼ 14.2% |
| Profit (loss) for the period9904 | -€14,268 | -€3,975 | -€7,666 | -€4,639 | -€5,300 | ▼ 14.2% |
| Profit (loss) for the period to be appropriated9905 | -€14,268 | -€3,975 | -€7,666 | -€4,639 | -€5,300 | ▼ 14.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312,066 | €310,120 | €306,975 | €304,851 | €305,610 | ▲ 0.2% |
| Fixed assets21/28 | €441 | €218 | €215 | €125 | €35 | ▼ 71.9% |
| Tangible fixed assets22/27 | €441 | €218 | €215 | €125 | €35 | ▼ 71.9% |
| Plant, machinery and equipment23 | €441 | €218 | €215 | €125 | €35 | ▼ 71.9% |
| Current assets29/58 | €311,624 | €309,902 | €306,760 | €304,726 | €305,575 | ▲ 0.3% |
| Stocks and contracts in progress3 | €254,991 | €254,991 | €254,991 | €254,991 | €254,991 | = |
| Stocks30/36 | €254,991 | €254,991 | €254,991 | €254,991 | €254,991 | = |
| Amounts receivable within one year40/41 | €28,054 | €21,677 | €23,372 | €21,685 | €22,291 | ▲ 2.8% |
| Trade receivables40 | €21,244 | €21,244 | €21,244 | €21,244 | €21,248 | = |
| Other amounts receivable41 | €6,811 | €433 | €2,128 | €442 | €1,043 | ▲ 136% |
| Cash at bank and in hand54/58 | €489 | €5,101 | €272 | €318 | €161 | ▼ 49.5% |
| Deferred charges and accrued income490/1 | €28,090 | €28,133 | €28,126 | €27,732 | €28,132 | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312,066 | €310,120 | €306,975 | €304,851 | €305,610 | ▲ 0.2% |
| Equity10/15 | -€93,347 | -€97,322 | -€104,989 | -€109,627 | -€114,927 | ▼ 4.8% |
| Contributions10/11 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Reserves13 | €44,043 | €44,043 | €44,043 | €44,043 | €44,043 | = |
| Non-distributable reserves130/1 | €4,649 | €4,649 | - | - | - | - |
| Reserves not available under the articles1311 | €4,649 | €4,649 | - | - | - | - |
| Distributable reserves133 | €39,394 | €39,394 | €44,043 | €44,043 | €44,043 | = |
| Profit (loss) carried forward14 | -€297,390 | -€301,366 | -€309,032 | -€313,670 | -€318,970 | ▼ 1.7% |
| Amounts payable17/49 | €405,413 | €407,442 | €411,964 | €414,479 | €420,537 | ▲ 1.5% |
| Amounts payable within one year42/48 | €405,310 | €407,341 | €411,855 | €414,339 | €420,392 | ▲ 1.5% |
| Trade debts44 | €3,471 | €4,989 | €4,516 | €5,062 | €5,919 | ▲ 16.9% |
| Suppliers440/4 | €3,471 | €4,989 | €4,516 | €5,062 | €5,919 | ▲ 16.9% |
| Taxes, remuneration and social security45 | €64 | €77 | €78 | €83 | €91 | ▲ 9.3% |
| Taxes450/3 | €64 | €77 | €78 | €83 | €91 | ▲ 9.3% |
| Other amounts payable47/48 | €401,775 | €402,275 | €407,261 | €409,195 | €414,383 | ▲ 1.3% |
| Accrued charges and deferred income492/3 | €103 | €101 | €109 | €140 | €145 | ▲ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,268 | -€3,975 | -€7,666 | -€4,639 | -€5,300 | ▼ 14.2% |
| + Depreciation and write-downs630 | €223 | €223 | €273 | €90 | €90 | = |
| Operating cash flow (approximation) | -€14,044 | -€3,752 | -€7,393 | -€4,549 | -€5,210 | ▼ 14.5% |
| Investment in fixed assets (approximation) | - | €0 | -€269 | €0 | €0 | - |
| Change in cash | - | €4,612 | -€4,829 | €46 | -€157 | ▼ 442% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
31-12
Financial
Weakest financial yearnet -€27,718
Net result drops to -€27,718, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Back to profitnet €10,550
Net result €10,550 after one loss-making year.
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Zandhoven · 1 establishment unit since 1992
Ground area
2,454 m²
Building footprint
371 m²
Volume, LiDAR
1,560 m³
Parcel 11034B0626/00S004, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DECO
since 19922.056.842.933
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11034B0626/00S004 | Flanders | 2,454 m² | 1 · 371 m² | 6.8 m · 1 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
66110Activities auxiliary to financial services and insurance activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446840990
Also
9925:BE0446840990
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.