DECO
ActiveSummary
DECO has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €670,054 and a net result of €61,098. Equity has been shrinking by about 6.2% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 45% of 11,268 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-09-1994 Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 2 others
- Establishment unit
- 2.083.137.554 1755 Pajottegem, since 01-09-1997
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Decoster BennyDirector
- Decoster RonnyDirector
- DECOSTER WILLYDirector
- Willy Decoster98.4%annual accounts 2017
- Benny Decoster0.8%annual accounts 2017
- Ronny Decoster0.8%annual accounts 2017
- Holdings
- Shares in 1 company DCWI
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €143,329
- ▲ 18.5%
- Turnover
- ≈ €210,000
- estimated
- Profit
- €61,098
- ▲ 242%
- Equity
- €670,054
- ▲ 10.0%
- Total assets
- €2.6m
- ▲ 2.4%
Score breakdownlowers riskSize: total assets €2.6mFigures for financial year 2025 (filed on 29-06-2026)Liquidity: current ratio 0.25, cash €489,540Legal form: public limited companyShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 68, small). It does better than 45% of them on solvency, 26% on liquidity, 76% on profitability and 72% on growth.
The bankruptcy probability was computed on 04-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 30 filings
Every figure per financial year
The operating result for 2025 is 199% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
- 2024 Total assets +131% on 2023. Capital increase of €1,425,000 (Official Gazette 24-12-2024).
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Carrying value of the other pledged assets | €961,154 | €875,847 | €407,455 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,978 | - | €2,650 | €1.4m | €19,177 |
| Financial fixed assets | - | - | - | - | €22,570 |
| Depreciation and write-downs of the year | €86,006 | €86,019 | €86,234 | €67,330 | €49,482 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €15,133 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93,449 | €85,689 | €85,696 | €86,006 | €86,019 | €86,234 | €67,330 | €49,482 | ▼ 26.5% |
| Other operating charges640/8 | - | - | - | €22,151 | €22,791 | €24,519 | €33,739 | €34,352 | ▲ 1.8% |
| Gross operating margin9900 | €87,068 | €63,688 | €75,600 | €80,487 | €58,732 | €69,713 | €120,979 | €143,329 | ▲ 18.5% |
| Operating profit (loss)9901 | -€25,540 | -€41,526 | -€33,994 | -€27,669 | -€50,078 | -€41,039 | €19,911 | €59,495 | ▲ 199% |
| Financial income75/76B | - | - | - | - | - | €900 | €2,040 | €1,990 | ▼ 2.4% |
| Recurring financial income75 | - | - | - | - | - | €900 | €2,040 | €1,990 | ▼ 2.4% |
| Financial charges65/66B | - | - | - | €11,284 | €12,754 | €17,944 | €3,742 | €402 | ▼ 89.3% |
| Recurring financial charges65 | €9,201 | €5,192 | €14,595 | €11,284 | €12,754 | €17,944 | €3,742 | €402 | ▼ 89.3% |
| Profit (loss) for the period before taxes9903 | -€34,740 | -€46,718 | -€48,588 | -€38,954 | -€62,832 | -€58,082 | €18,208 | €61,083 | ▲ 235% |
| Income taxes67/77 | - | - | - | - | - | €270 | €342 | -€15 | - |
| Profit (loss) for the period9904 | -€34,740 | -€46,718 | -€48,588 | -€38,954 | -€62,832 | -€58,352 | €17,866 | €61,098 | ▲ 242% |
| Profit (loss) for the period to be appropriated9905 | -€34,740 | -€46,718 | -€48,588 | -€38,954 | -€62,832 | -€58,352 | €17,866 | €61,098 | ▲ 242% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.4m | €1.3m | €1.3m | €1.2m | €1.2m | €1.1m | €2.6m | €2.6m | ▲ 2.4% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.0m | €1.0m | €0.9m | €0.8m | €2.2m | €2.1m | ▼ 0.7% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.0m | €1.0m | €0.9m | €0.8m | €2.2m | €2.1m | ▼ 1.8% |
| Land and buildings22 | - | - | - | €1.0m | €0.9m | €0.8m | €2.1m | €2.1m | ▼ 1.7% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.002m | €0.004m | €0.003m | €0.002m | ▼ 33.9% |
| Financial fixed assets28 | - | - | - | - | - | - | - | €0.02m | - |
| Current assets29/58 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | €0.5m | ▲ 18.5% |
| Amounts receivable within one year40/41 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | €124 | = |
| Other amounts receivable41 | - | - | - | €124 | €124 | €124 | €124 | €124 | = |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | €0.5m | ▲ 18.4% |
| Deferred charges and accrued income490/1 | - | - | - | €222 | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 44.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.3m | €1.2m | €1.2m | €1.1m | €2.6m | €2.6m | ▲ 2.4% |
| Equity10/15 | -€0.6m | -€0.6m | -€0.7m | -€0.7m | -€0.8m | -€0.8m | €0.6m | €0.7m | ▲ 10.0% |
| Contributions10/11 | €0.06m | €0.06m | - | €0.06m | €0.06m | €0.06m | €1.5m | €1.5m | = |
| Capital10 | - | - | - | - | - | €0.06m | €1.5m | €1.5m | = |
| Issued capital100 | - | - | - | - | - | €0.06m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | -€0.6m | -€0.7m | -€0.7m | -€0.8m | -€0.8m | -€0.9m | -€0.9m | -€0.8m | ▲ 7.0% |
| Amounts payable17/49 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | €2.0m | €2.0m | = |
| Amounts payable after more than one year17 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | - | - | - |
| Financial debts170/4 | - | - | - | €0.8m | €0.8m | €0.8m | - | - | - |
| Amounts payable within one year42/48 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €2.0m | €2.0m | = |
| Trade debts44 | €0.002m | €455 | €310 | €0.001m | €0.001m | €0.001m | €429 | €0.001m | ▲ 23.4% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.001m | €429 | €0.001m | ▲ 23.4% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €179 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €179 | - |
| Other amounts payable47/48 | - | - | - | €1.2m | €1.2m | €1.2m | €2.0m | €2.0m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.03m | -€0.05m | -€0.05m | -€0.04m | -€0.06m | -€0.06m | €0.02m | €0.06m | ▲ 242% |
| + Depreciation and write-downs630 | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.07m | €0.05m | ▼ 26.5% |
| Operating cash flow (approximation) | €0.06m | €0.04m | €0.04m | €0.05m | €0.02m | €0.03m | €0.09m | €0.1m | ▲ 29.8% |
| Investment in fixed assets (approximation) | - | €0 | -€0.001m | -€0.002m | €0 | -€0.003m | -€1.4m | -€0.03m | ▲ 97.6% |
| Change in cash | - | €0.04m | €0.03m | €0.05m | €0.02m | €0.03m | €0.1m | €0.08m | ▼ 22.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as DECO has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
The bankruptcy probability of DECO itself is lower: < 0.1% within 12 months. It rests on far more data about DECO than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for DECO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00210313 | |
| 31-12-2024 | micro format | 08-08-2025 | 2025-00365508 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00174641 | |
| 31-12-2022 | micro format | 01-08-2023 | 2023-00300067 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20304944 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-25600557 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-22200365 | |
| 31-12-2018 | micro format | 02-07-2019 | 2019-26900253 | |
| 31-12-2017 | micro format | 05-07-2018 | 2018-29500556 | |
| 31-12-2016 | abbreviated format | 29-06-2017 | 2017-23400480 |
Board & ownership
Directors
Owners and capital
Shareholders
3 ownersOwners 3
- Willy Decosternatural personSourceown accounts 201798.4%
- Benny Decosternatural personSourceown accounts 20170.8%
- Ronny Decosternatural personSourceown accounts 20170.8%
Capital transactions
- 24-12-2024 Capital increase of €1,425,000 · to €1,487,000 · 14,250 new shares at €100 per share · “inbreng onroerende goederen nader beschreven in proces-verbaal”
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Decoster Benny |
|
| Decoster Ronny |
|
| DECOSTER WILLY |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
-
1.1%
Companies at the same address
3 other companiesConnections & network
3 current directorsThe network starts from the directors of DECO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-12
Gazette deed
Capital increase of €1,425,000 to €1,487,000Registered office clause: Peverstraat 24, 1755 Gooik (Kester)4 points ▸
- Auditor report, 14-11-2024
- Capital increase, €1,425,000
- Capital, €1,487,000, 14,870 shares, mentioned 2 times in the deed
- Registered office clause, Peverstraat 24, 1755 Gooik (Kester)
- The act holds 4 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
10 activities
- 1. Het bezitten en beheren van vermogen, bestaande uit onroerende goederen, alle zakelijke rechten daarop, onverdeelde rechten daarop, onverdeelde rechten daarin, aandelen, portefeuillewaarden en alle roerende goederen, speciën, alle intellectuele en onlichamelijke rechten, zowel in België als in het buitenland en dit zowel voor eigen rekening als voor rekening van derden, en /of tussenpersonen.
- In het kader van die bedrijvigheid kan de vennootschap onroerende goederen aankopen en verkopen of op andere wijze vervreemden en met zakelijke rechten bezwaren of zakelijke rechten afstaan, gebouwen oprichten of gedeeltelijk verkopen, verhuren, onderverhuren, in erfpacht geven, verkavelen, vruchtgebruik of naakte eigendom afstaan.
- 1. De vennootschap kan eveneens roerende lichamelijke en onlichamelijke goederen, daarin begrepen portefeuillewaarden en aandelen, al dan niet ter beurze genoteerd, aankopen, invoeren, verhandelen of ruilen.
- 2. Het optreden als tussenpersoon in de handel.
- 3. Het optreden als bestuurder en/of vereffenaar in andere vennootschappen.
- 4. Het verwerven en aanhouden van participaties, in eender welke vorm, van alle bestaande of op te richten industriële, commerciële of immobiliënvennootschappen of ondernemingen.
- 5. De vennootschap mag verkavelingen uitbaten, in waarde brengen en beheren, mag alle hoegenaamde gebouwen of bouwwerken bouwen, afwerken, veranderen, omvormen, onderhouden, herstellen, versieren, opschikken, afbreken, alle aannemingen van werken, zo private as openbare, aanvaarden en uitvoeren, via onderaannemers.
- 6. De vennootschap mag eveneens leningen en voorschotten toestaan zowel aan derden zonder onderscheid als aan dochtervennootschappen.
- 7. De vennootschap mag zich ook borg stellen en/of aval verlenen, ten voordele van alle derden.
- 8. Zij mag zowel in België als in het buitenland alle commerciële, financiële, roerende of onroerende handelingen verrichten in rechtstreekse of onrechtstreekse verband met haar voorwerp.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23040F0277/00P000 | Flanders | 1,016 m² | 1 · 158 m² | 9.7 m · 2 |