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DECO CONSTRUCT

Active
Private limited companyfounded 2010active for 15 yearsZeedijk 63, 8430 Middelkerke, Belgium32 active companies are registered at this addressKBO/BCE: BE 0832.195.266
Summary

DECO CONSTRUCT has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32,793 and a net result of -€3,571. Equity is shrinking by about 11% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, abbreviated format

Equity
€32,793▼ 9.8%
2024 · €36,364
Total assets
€725,886▼ 0.4%
2024 · €728,944
Net result
-€3,571▼ 5.7%
2024 · -€3,378
Working capital
€25,289▲ 176%
2024 · €9,170
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €3,526 in 2025 against €3,333 in 2024; the loss grows.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€3,526 2025 Net result-€3,571 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€9,717--€11,101▼ 14.3%-€4,722▲ 57.5%-€5,932▼ 25.6%-€2,621▲ 55.8%-€10,747▼ 310%-€3,333▲ 69.0%-€3,526▼ 5.8%
Net result-€9,900--€11,285▼ 14.0%-€4,916▲ 56.4%-€6,221▼ 26.5%-€2,666▲ 57.1%-€10,792▼ 305%-€3,378▲ 68.7%-€3,571▼ 5.7%
Equity€75,622-€64,337▼ 14.9%€59,421▼ 7.6%€53,200▼ 10.5%€50,534▼ 5.0%€39,742▼ 21.4%€36,364▼ 8.5%€32,793▼ 9.8%
Total assets€772,984-€758,979▼ 1.8%€755,465▼ 0.5%€748,390▼ 0.9%€743,967▼ 0.6%€732,418▼ 1.6%€728,944▼ 0.5%€725,886▼ 0.4%
Debt€697,363-€694,643▼ 0.4%€696,044▲ 0.2%€695,190▼ 0.1%€693,432▼ 0.3%€692,676▼ 0.1%€692,580=€693,093▲ 0.1%
Working capital-€173,793--€172,954▲ 0.5%-€158,180▲ 8.5%-€144,695▲ 8.5%-€127,488▲ 11.9%-€119,880▲ 6.0%€9,170€25,289▲ 176%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €725,886
Fixed assets €582,960 ▼ 3.3%
Current assets €142,926 ▲ 13.2%
Equity and liabilities €725,886
Equity €32,793 ▼ 9.8%
Debt €693,093 ▲ 0.1%
Debt's share of the balance-sheet total rises from 95.0% to 95.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€16,163▼
2024 · €16,356
Cash flow
€16,118▼
2024 · €16,311
Current ratio
1.21▲
2024 · 1.08
Debt to equity
21.14▲
2024 · 19.05
ROE
-10.9%▼
2024 · -9.3%
ROA
-0.5%▼
2024 · -0.5%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€117,637▲
2024 · €117,124
Debt > 1 year
€574,366=
2024 · €574,366
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 912 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95.3% are still going.

  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a small loss
2.4% went bankrupt
2.1% stopped otherwise
95.3% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 74.5% 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 912 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€728,944€725,886▼
Fixed assets21/28€602,650€582,960▼
Tangible fixed assets22/27€597,650€577,960▼
Land and buildings22€597,650€577,960▼
Financial fixed assets28€5,000€5,000=
Current assets29/58€126,294€142,926▲
Cash at bank and in hand54/58€126,294€142,926▲
Equity and liabilities
Total equity and liabilities10/49€728,944€725,886▼
Equity10/15€36,364€32,793▼
Contributions10/11€6,200€6,200=
Reserves13€30,164€26,593▼
Distributable reserves133€30,164€26,593▼
Amounts payable17/49€692,580€693,093▲
Amounts payable after more than one year17€574,366€574,366=
Other amounts payable178/9€574,366€574,366=
Amounts payable within one year42/48€117,124€117,637▲
Trade debts44€4,385€4,898▲
Suppliers440/4€4,385€4,898▲
Other amounts payable47/48€112,739€112,739=
Accrued charges and deferred income492/3€1,090€1,090=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,690€19,690=
Other operating charges640/8€3,757€3,873▲
Gross operating margin9900€20,113€20,036▼
Operating profit (loss)9901-€3,333-€3,526▼
Financial charges65/66B€45€45=
Recurring financial charges65€45€45=
Profit (loss) for the period before taxes9903-€3,378-€3,571▼
Profit (loss) for the period9904-€3,378-€3,571▼
Profit (loss) for the period to be appropriated9905-€3,378-€3,571▼
Appropriation of the result
Profit (loss) to be appropriated9906-€3,378-€3,571▼
Transfer from equity791/2€3,378€3,571▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,365€19,690€19,690€19,690€19,690€19,690€19,690€19,690=
Other operating charges640/8---€3,219€3,296€3,605€3,757€3,873▲ 3.1%
Gross operating margin9900€12,612€11,613€18,161€16,976€20,365€12,548€20,113€20,036▼ 0.4%
Operating profit (loss)9901-€9,717-€11,101-€4,722-€5,932-€2,621-€10,747-€3,333-€3,526▼ 5.8%
Financial income75/76B---€0-----
Recurring financial income75€0€0€0€0-----
Financial charges65/66B---€289€45€45€45€45=
Recurring financial charges65€184€184€194€289€45€45€45€45=
Profit (loss) for the period before taxes9903-€9,900-€11,285-€4,916-€6,221-€2,666-€10,792-€3,378-€3,571▼ 5.7%
Income taxes67/77€0€0€0€0-----
Profit (loss) for the period9904-€9,900-€11,285-€4,916-€6,221-€2,666-€10,792-€3,378-€3,571▼ 5.7%
Profit (loss) for the period to be appropriated9905-€9,900-€11,285-€4,916-€6,221-€2,666-€10,792-€3,378-€3,571▼ 5.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€772,984€758,979€755,465€748,390€743,967€732,418€728,944€725,886▼ 0.4%
Fixed assets21/28€711,042€701,098€681,408€661,719€642,029€622,340€602,650€582,960▼ 3.3%
Tangible fixed assets22/27€706,042€696,098€676,408€656,719€637,029€617,340€597,650€577,960▼ 3.3%
Land and buildings22---€656,719€637,029€617,340€597,650€577,960▼ 3.3%
Financial fixed assets28€5,000€5,000€5,000€5,000€5,000€5,000€5,000€5,000=
Current assets29/58€61,943€57,881€74,056€86,671€101,937€110,078€126,294€142,926▲ 13.2%
Amounts receivable within one year40/41€3,628--------
Cash at bank and in hand54/58€57,244€57,881€73,997€86,671€101,937€110,078€126,294€142,926▲ 13.2%
Equity and liabilities
Total equity and liabilities10/49€772,984€758,979€755,465€748,390€743,967€732,418€728,944€725,886▼ 0.4%
Equity10/15€75,622€64,337€59,421€53,200€50,534€39,742€36,364€32,793▼ 9.8%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€69,422€58,137€53,221€47,000€44,334€33,542€30,164€26,593▼ 11.8%
Non-distributable reserves130/1---€1,860€1,860----
Reserves not available under the articles1311---€1,860€1,860----
Distributable reserves133---€45,140€42,474€33,542€30,164€26,593▼ 11.8%
Amounts payable17/49€697,363€694,643€696,044€695,190€693,432€692,676€692,580€693,093▲ 0.1%
Amounts payable after more than one year17€461,627€461,627€461,627€461,627€461,627€461,627€574,366€574,366=
Other amounts payable178/9---€461,627€461,627€461,627€574,366€574,366=
Amounts payable within one year42/48€235,736€230,836€232,237€231,366€229,425€229,959€117,124€117,637▲ 0.4%
Trade debts44€10,258€5,358€6,759€5,888€3,947€4,481€4,385€4,898▲ 11.7%
Suppliers440/4---€5,888€3,947€4,481€4,385€4,898▲ 11.7%
Other amounts payable47/48---€225,478€225,478€225,478€112,739€112,739=
Accrued charges and deferred income492/3---€2,197€2,380€1,090€1,090€1,090=
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€9,900-€11,285-€4,916-€6,221-€2,666-€10,792-€3,378-€3,571▼ 5.7%
+ Depreciation and write-downs630€19,365€19,690€19,690€19,690€19,690€19,690€19,690€19,690=
Operating cash flow (approximation)€9,464€8,405€14,774€13,469€17,024€8,898€16,311€16,118▼ 1.2%
Investment in fixed assets (approximation)--€9,746€0€0€0€0€0€0-
Change in cash-€638€16,115€12,674€15,266€8,141€16,215€16,632▲ 2.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 21-04-2026 2026-00085092
31-12-2024 abbreviated format 31-08-2025 2025-00471012
31-12-2023 abbreviated format 29-07-2024 2024-00324577
31-12-2022 abbreviated format 13-06-2023 2023-00122708
31-12-2021 abbreviated format 25-07-2022 2022-20217677
31-12-2020 abbreviated format 30-07-2021 2021-44200413
31-12-2019 abbreviated format 11-09-2020 2020-52500421
31-12-2018 abbreviated format 23-07-2019 2019-36800248
31-12-2017 abbreviated format 20-07-2018 2018-35400407
31-12-2016 abbreviated format 23-05-2017 2017-12900471

Show all 15 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.