DeCo Design

Open bankruptcy

Private limited company (pre-2019)founded 1993Molenweideplein 23, 3620 Lanaken, BelgiumKBO/BCE: BE 0451.489.567

A bankruptcy procedure is open for DeCo Design according to publications in the Belgian State Gazette. The 2017 annual accounts show equity of €75k and a net result of €-38k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 02-08-2018, 2 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 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2017, abbreviated schema

Equity

€75k▼ 33.7%

2016 · €114k

2013: €112k 2014: €120k 2015: €113k 2016: €114k

2013 → 2017

Total assets

€785k▲ 11.9%

2016 · €702k

2013: €370k 2014: €523k 2015: €602k 2016: €702k

2013 → 2017

Net result

€-38k

2016 · €486

2013: €198 2014: €8k 2015: €-6k 2016: €486

2013 → 2017

Working capital

€70k▼ 31.5%

2016 · €102k

2013: €108k 2014: €116k 2015: €97k 2016: €102k

2013 → 2017

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20132014201520162017Trend

Equity€112k-€120k▲ 7.0%€113k▼ 5.3%€114k▲ 0.4%€75k▼ 33.7%

Operating result€7k-€22k▲ 221%€-1k€5k€-14k

Net result€198-€8k▲ 3,844%€-6k€486€-38k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2017: a loss of €14k after €5k in 2016, the lowest result in the available series.

Balance-sheet composition

2017 in colour, 2016 as the grey bar beneath

Assets €785k

99.3%

Fixed assets €5k▼ 52.2%

Current assets €780k▲ 13.0%

Equity and liabilities €785k

10%

90.4%

Equity €75k▼ 33.7%

Debt €710k▲ 20.8%

The debt ratio rises from 83.8% to 90.4%. Equity is lower and debt is higher.

Key figures and ratios

2017 value · change against 2016

EBITDA

€-9k▼

2016 · €11k

Cash flow

€-33k▼

2016 · €6k

Solvency

9.6%▼

2016 · 16.2%

Current ratio

1.10▼

2016 · 1.17

Quick ratio

1.10▼

2016 · 1.17

ROE

-50.9%▼

2016 · 0.4%

ROA

-4.9%▼

2016 · 0.1%

Debt

€710k▲

2016 · €588k

Debt ≤ 1 year

€710k▲

2016 · €588k

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 · 2017 against 2016

Balance sheet Code20162017

Assets

Total assets20/58€702k€785k▲

Fixed assets21/28€11k€5k▼

Tangible fixed assets22/27€11k€5k▼

Current assets29/58€690k€780k▲

Amounts receivable within one year40/41€497k€634k▲

Cash at bank and in hand54/58-€2

Equity and liabilities

Total equity and liabilities10/49€702k€785k▲

Equity10/15€114k€75k▼

Contributions10/11€19k€19k=

Reserves13€6k€6k=

Profit (loss) carried forward14€90k€51k▼

Amounts payable17/49€588k€710k▲

Amounts payable within one year42/48€588k€710k▲

Trade debts44€33k€5k▼

Income statement Code20162017

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼

Gross operating margin9900€109k€65k▼

Operating profit (loss)9901€5k€-14k▼

Recurring financial income75€118€264▲

Recurring financial charges65€3k€24k▲

Profit (loss) for the period before taxes9903€3k€-38k▼

Income taxes67/77€2k-

Profit (loss) for the period9904€486€-38k▼

Profit (loss) for the period to be appropriated9905€486€-38k▼

Download as CSV

Timeline · acts, filings and financial milestones

All 14Signals 1Financial 3Filings 10

2019

19-08

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Tongeren · DECO DESIGN BVBA MOLEN- WEIDEPLEIN 23/1, 3620 LANAKEN · event 12-08-2019

2018

02-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 2 days late

2017

31-12

Financial Weakest financial yearnet €-38k ▼7996%

Net result drops to €-38k, the lowest in the series.

22-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 22 days late

2016

31-12

Financial Back to profitnet €486

Net result €486 after one loss-making year.

26-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 26 days late

2015

26-08

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 26 days late

2014

31-12

Financial Highest result since 2013net €8k ▲3844%

Operating result €22k, net result €8k, both a record.

29-08

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema · 29 days late

2013

18-07

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema

2012

27-08

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema · 27 days late

2011

17-03

NBB filing Annual accounts filed

fiscal year 2010 · abbreviated schema

2010

27-07

NBB filing Annual accounts filed

fiscal year 2009 · abbreviated schema

2009

30-07

NBB filing Annual accounts filed

fiscal year 2008 · abbreviated schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Lanaken · 1 establishment unit since 1993

establishment The establishment unit on the map

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.

Molenweideplein 233620 Lanaken

Ground area

1,365 m²

Building footprint

246 m²

Volume, LiDAR

2,320 m³

Parcel 73042D0783/00E002, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

DECO DESIGN

Molenweideplein 23, 3620 LanakenNACE 4525005

since 19932.064.870.177

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73042D0783/00E002	Flanders	1,365 m²	1 · 246 m²	14.0 m · 3 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.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	TOM ARTS JAARBEURSLAAN 19, 3600 GENK-	12-08-2019 → present
Curator	GEERT RENIERS JAARBEURSLAAN 19, 3600 GENK ↔ Also on 134 other cases	12-08-2019 → present