DECO CASTRO
ActiveSummary
The computed 12-month bankruptcy probability of DECO CASTRO is 2.0% (moderate). The 2025 annual accounts show equity of €11,000 and a net result of -€5,505. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 29% of 2083 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-11
Solvency53=
Growth29=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.36 against 1.52 in 2024; short-term debt: 60.8% and cash: 15.2% of total assets), and 72.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
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
27.5%
Return on assets
-13.8%
Age of the figures
18 mo
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€5,505
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-03-2026, 150 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
150 d late
2024
27 d late
2023
29 d late
2022
2 d late
2021
47 d early
2020
4 d late
2019
4 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 24 days after 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 27 November (4 of the last 5 filed years within 74 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€140,774▲ 34.5%
2020 · €104,668
EBIT margin
6.9%▲ 12.4pp
2020 · -5.5%
Net result
-€5,505▼ 120%
2024 · -€2,506
Working capital
€8,674▼ 50.3%
2024 · €17,452
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€140,774▲ 34.5%
Operating result€9,763€3,432▼ 64.9%-€398-€1,541▼ 287%-€4,764▼ 209%
Net result€7,656within the sector's middle half€1,204below the sector's middle half▼ 84.3%-€1,774below the sector's middle half-€2,506below the sector's middle half▼ 41.2%-€5,505below the sector's middle half▼ 120%
EBIT margin6.9%▲ 12.4pp
Equity€19,580below the sector's middle half▲ 64.2%€20,785below the sector's middle half▲ 6.2%€19,010below the sector's middle half▼ 8.5%€16,505below the sector's middle half▼ 13.2%€11,000below the sector's middle half▼ 33.4%
Total assets€50,566below the sector's middle half▲ 7.0%€51,663below the sector's middle half▲ 2.2%€64,557below the sector's middle half▲ 25.0%€58,245below the sector's middle half▼ 9.8%€39,947below the sector's middle half▼ 31.4%
Debt€30,986▼ 12.3%€30,878▼ 0.3%€45,547▲ 47.5%€41,740▼ 8.4%€28,947▼ 30.6%
Working capital€20,755within the sector's middle half▲ 146%€19,689within the sector's middle half▼ 5.1%€18,933below the sector's middle half▼ 3.8%€17,452below the sector's middle half▼ 7.8%€8,674below the sector's middle half▼ 50.3%
Solvency38.7%within the sector's middle half▲ 13.5pp40.2%within the sector's middle half▲ 1.5pp29.4%within the sector's middle half▼ 10.8pp28.3%within the sector's middle half▼ 1.1pp27.5%within the sector's middle half▼ 0.8pp
Current ratio1.91within the sector's middle half▲ 0.631.79within the sector's middle half▼ 0.121.50within the sector's middle half▼ 0.281.52within the sector's middle half▲ 0.021.36within the sector's middle half▼ 0.16
Return on assets (ROA)15.1%above the sector's middle half▲ 28.3pp2.3%within the sector's middle half▼ 12.8pp-2.7%below the sector's middle half▼ 5.1pp-4.3%below the sector's middle half▼ 1.6pp-13.8%below the sector's middle half▼ 9.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,764 in 2025 against €1,541 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,947
Fixed assets
€6,990 ▼ 4.3%
Current assets
€32,957 ▼ 35.3%
Equity and liabilities €39,947
Equity
€11,000 ▼ 33.4%
Debt
€28,947 ▼ 30.6%
Debt's share of the balance-sheet total rises from 71.7% to 72.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,449▼
2024 · -€794
Cash flow
-€5,190▼
2024 · -€1,759
Quick ratio
1.03▼
2024 · 1.33
Debt to equity
2.63▲
2024 · 2.53
ROE
-50.0%▼
2024 · -15.2%
Interest coverage
-6.01▼
2024 · -0.82
Debt ≤ 1 year
€24,283▼
2024 · €33,487
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.8%
went bankrupt
7.4%
stopped otherwise
89%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,340 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% | 1.0% |
| 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% 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 1,221 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €140,774 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,354 | - | €432 | €747 | €315 | ▼ 57.8% |
| Other operating charges640/8 | - | €5,830 | €2,094 | €1,051 | €527 | ▼ 49.8% |
| Gross operating margin9900 | €11,498 | €9,261 | €2,128 | €256 | -€3,922 | ▼ 1,629% |
| Operating profit (loss)9901 | €9,763 | €3,432 | -€398 | -€1,541 | -€4,764 | ▼ 209% |
| Financial income75/76B | - | €2 | - | - | - | - |
| Recurring financial income75 | - | €2 | - | - | - | - |
| Financial charges65/66B | - | €409 | €615 | €965 | €741 | ▼ 23.2% |
| Recurring financial charges65 | €339 | €409 | €615 | €965 | €741 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €9,424 | €3,025 | -€1,013 | -€2,506 | -€5,505 | ▼ 120% |
| Income taxes67/77 | €1,769 | €1,821 | €761 | - | - | - |
| Profit (loss) for the period9904 | €7,656 | €1,204 | -€1,774 | -€2,506 | -€5,505 | ▼ 120% |
| Profit (loss) for the period to be appropriated9905 | €7,656 | €1,204 | -€1,774 | -€2,506 | -€5,505 | ▼ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,566 | €51,663 | €64,557 | €58,245 | €39,947 | ▼ 31.4% |
| Fixed assets21/28 | €6,990 | €6,990 | €8,052 | €7,305 | €6,990 | ▼ 4.3% |
| Tangible fixed assets22/27 | €5,000 | €5,000 | €6,062 | €5,315 | €5,000 | ▼ 5.9% |
| Furniture and vehicles24 | - | - | €1,062 | €315 | - | - |
| Other tangible fixed assets26 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Financial fixed assets28 | €1,990 | €1,990 | €1,990 | €1,990 | €1,990 | = |
| Current assets29/58 | €43,576 | €44,673 | €56,506 | €50,940 | €32,957 | ▼ 35.3% |
| Stocks and contracts in progress3 | €12,840 | €2,860 | €7,090 | €6,520 | €8,047 | ▲ 23.4% |
| Stocks30/36 | - | €2,860 | €7,090 | €6,520 | €8,047 | ▲ 23.4% |
| Amounts receivable within one year40/41 | €20,342 | €22,977 | €25,357 | €32,995 | €18,207 | ▼ 44.8% |
| Trade receivables40 | - | €20,644 | €20,262 | €27,257 | €18,069 | ▼ 33.7% |
| Other amounts receivable41 | - | €2,333 | €5,095 | €5,738 | €138 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €9,486 | €18,482 | €23,292 | €11,319 | €6,062 | ▼ 46.4% |
| Deferred charges and accrued income490/1 | - | €353 | €767 | €106 | €642 | ▲ 506% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,566 | €51,663 | €64,557 | €58,245 | €39,947 | ▼ 31.4% |
| Equity10/15 | €19,580 | €20,785 | €19,010 | €16,505 | €11,000 | ▼ 33.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€880 | €325 | -€1,450 | -€3,955 | -€9,460 | ▼ 139% |
| Amounts payable17/49 | €30,986 | €30,878 | €45,547 | €41,740 | €28,947 | ▼ 30.6% |
| Amounts payable within one year42/48 | €22,822 | €24,984 | €37,573 | €33,487 | €24,283 | ▼ 27.5% |
| Taxes, remuneration and social security45 | - | €2,521 | €761 | - | - | - |
| Taxes450/3 | - | €2,521 | €761 | - | - | - |
| Other amounts payable47/48 | - | €22,463 | €36,811 | €33,487 | €24,283 | ▼ 27.5% |
| Accrued charges and deferred income492/3 | - | €5,894 | €7,974 | €8,253 | €4,664 | ▼ 43.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,656 | €1,204 | -€1,774 | -€2,506 | -€5,505 | ▼ 120% |
| + Depreciation and write-downs630 | €1,354 | - | €432 | €747 | €315 | ▼ 57.8% |
| Operating cash flow (approximation) | €9,010 | €1,204 | -€1,343 | -€1,759 | -€5,190 | ▼ 195% |
| Investment in fixed assets (approximation) | - | €0 | -€1,493 | €0 | €0 | - |
| Change in cash | - | €8,996 | €4,810 | -€11,973 | -€5,257 | ▲ 56.1% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 150 days late
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Back to profitnet €7,656
Net result €7,656 after 2 loss-making years.
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 4 days late
31-03
Financial
Weakest financial yearnet -€6,230
Net result drops to -€6,230, the lowest in the series; recovery starts the following year.
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 4 days late
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2003
Ground area
948 m²
Building footprint
411 m²
Volume, LiDAR
4,596 m³
2 parcels, Brussels · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DECO CASTRO
since 20032.137.179.620
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305B0260/00F013 | Brussels | 661 m² | 1 · 120 m² | 17.5 m · 5 fl. |
| 21302A0017/00A012 | Brussels | 288 m² | 1 · 290 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,366 companies in this sector we hold annual accounts for 635. 303 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded06-06-2003
Fiscal year end31-03
Activities, NACEBEL 2025
43110Demolition
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43211General electrical installation work
43350Other building finishing work
43990Other specialised construction activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480685181
Registered
14-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.