DECO COLOR
ActiveDECO COLOR has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €361k and a net result of €68k. Equity is growing by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▲+12
Solvency43▼-21
Growth85=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 2.53 in 2023; short-term debt: 63% and cash: 5.7% of total assets), and 81.6% of the assets are financed with debt.
Credit advice for your own amount and term
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
61 d late
2022
56 d late
2021
31 d late
2020
90 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€11.14M▲ 1,167%
2022 · €879k
2022: €879k
2022 → 2023
EBIT margin
0.9%▼ 6.4pp
2022 · 7.4%
2022: 7.4%
2022 → 2023
Net result
€68k▲ 10.5%
2023 · €61k
2018: €18k
2019: €22k
2020: €45k
2021: €149k
2022: €65k
2023: €61k
2018 → 2024
Working capital
€377k▲ 54.2%
2023 · €245k
2018: €4k
2019: €11k
2020: €58k
2021: €211k
2022: €187k
2023: €245k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€879k€11.14M▲ 1,167%
Equity€75k-€224k▲ 198%€231k▲ 3.3%€293k▲ 26.6%€361k▲ 23.2%
Operating result€70k-€153k▲ 121%€65k▼ 57.9%€104k▲ 60.6%€122k▲ 17.8%
Net result€45k-€149k▲ 233%€65k▼ 56.1%€61k▼ 5.9%€68k▲ 10.5%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 18% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.96M
Fixed assets
€349k▼ 1.5%
Current assets
€1.61M▲ 300%
Equity and liabilities €1.96M
Equity
€361k▲ 23.2%
Debt
€1.60M▲ 244%
The debt ratio rises from 61.4% to 81.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€161k▲
2023 · €138k
Cash flow
€106k▲
2023 · €95k
Solvency
18.4%▼
2023 · 38.6%
Current ratio
1.30▼
2023 · 2.53
Quick ratio
1.17▼
2023 · 1.77
Debt / equity
4.44▲
2023 · 1.59
ROE
18.8%▼
2023 · 21.0%
ROA
3.5%▼
2023 · 8.1%
Interest coverage
7.15▼
2023 · 7.36
Debt
€1.60M▲
2023 · €465k
Debt ≤ 1 year
€1.24M▲
2023 · €159k
Debt > 1 year
€363k▲
2023 · €300k
Income taxes
€32k▲
2023 · €24k
Staff costs
€98k▼
2023 · €150k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€758k€1.96M▲
Fixed assets21/28€354k€349k▼
Tangible fixed assets22/27€354k€349k▼
Land and buildings22€298k€314k▲
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€43k€26k▼
Other tangible fixed assets26€3k€2k▼
Current assets29/58€404k€1.61M▲
Stocks and contracts in progress3€122k€165k▲
Stocks30/36€122k€165k▲
Amounts receivable within one year40/41€221k€1.34M▲
Trade receivables40€210k€1.32M▲
Other amounts receivable41€12k€18k▲
Cash at bank and in hand54/58€59k€112k▲
Deferred charges and accrued income490/1€744€48▼
Equity and liabilities
Total equity and liabilities10/49€758k€1.96M▲
Equity10/15€293k€361k▲
Contributions10/11€19k€19k=
Reserves13€85k€85k=
Distributable reserves133€85k€85k=
Profit (loss) carried forward14€189k€257k▲
Amounts payable17/49€465k€1.60M▲
Amounts payable after more than one year17€300k€363k▲
Financial debts170/4€300k€363k▲
Amounts payable within one year42/48€159k€1.24M▲
Current portion of amounts payable after more than one year42€27k€34k▲
Financial debts43€2k-
Other loans439€2k-
Trade debts44€35k€1.11M▲
Suppliers440/4€35k€1.11M▲
Taxes, remuneration and social security45€93k€95k▲
Taxes450/3€69k€70k▲
Remuneration and social security454/9€23k€25k▲
Other amounts payable47/48€3k-
Accrued charges and deferred income492/3€6k€3k▼
Income statement
Code20232024
Turnover70€11.14M-
Goods, raw materials, services and sundry goods60/61€873k-
Remuneration, social security and pensions62€150k€98k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€39k▲
Other operating charges640/8€7k€9k▲
Non-recurring operating charges66A€0€0▲
Gross operating margin9900€295k€268k▼
Operating profit (loss)9901€104k€122k▲
Financial income75/76B€11€75▲
Recurring financial income75€11€7▼
Non-recurring financial income76B-€68
Financial charges65/66B€19k€23k▲
Recurring financial charges65€19k€23k▲
Profit (loss) for the period before taxes9903€85k€100k▲
Income taxes67/77€24k€32k▲
Profit (loss) for the period9904€61k€68k▲
Profit (loss) for the period to be appropriated9905€61k€68k▲
Appropriation of the result
Profit (loss) to be appropriated9906€189k€257k▲
Profit (loss) brought forward from the previous period14P€128k€189k▲
Social balance
Average headcount (FTE)9087-3.1
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 68 days late
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 68 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 56 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €149k ▲233%
Operating result €153k, net result €149k, both a record.
31-12
Financial
Equity above €200kEq €224k ▲198%
4 profitable years in a row build equity to €224k.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 60 days late
2017
09-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 101 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Herstal · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Elisa Dumonceau 654040 HerstalGround area
457 m²
Building footprint
192 m²
Volume, LiDAR
2,306 m³
Parcel 62051D1244/00A002, Wallonia · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DECO COLOR
since 20132.218.425.830
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62051D1244/00A002 | Wallonia | 457 m² | 1 · 192 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
EVELETTE GARDEN
BE 0878.918.087
Nandrin · Eq €349k
HOBBY WIELANT
BE 0421.854.780
Enghien · Eq €350k
UTOR
BE 0479.785.952
Flémalle · Eq €350k
ETS DEHAYE FILS SRL
BE 0818.967.931
Courcelles · Eq €351k
LABELLE
BE 0465.027.304
Waasmunster · Eq €345k
Of 1,720 companies in sector 47521 we hold annual accounts for 1,288. 1,036 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-04-2013
Fiscal year end31-12
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
47526Retail trade
46471Wholesale trade
46474Wholesale trade
46831Wholesale of construction materials, general range
46839Wholesale trade
47529Retail trade
47551Retail sale of household furniture
47552Retail sale of lighting equipment
47591Retail trade
47592Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.