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DECO-ENGINEERING

Open bankruptcy
Public limited companyfounded 1988Slingerweg 39, 3600 Genk, BelgiumKBO/BCE: BE 0435.755.870
Summary

A bankruptcy procedure is open for DECO-ENGINEERING according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €130,345 and a net result of -€103,646.

DECO-ENGINEERINGOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Tongeren division
Declared bankrupt
15 February 2022
Supervising judge
Paul Odeurs
Official Gazette
22-02-2022 (pdf) ↗search the document for 2022/106154

Curators

  • Tom ArtsJaarbeurslaan 19, 3600 Genktom.arts@paqt.be
  • Geert ReniersJaarbeurslaan 19, 3600 Genkgeert.reniers@paqt.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2020 was due by 28-02-2021 and was filed on 28-01-2021, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d early
2019
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 15 November 1988, DECO-ENGINEERING was incorporated.1 The company has filed 32 sets of annual accounts, the latest for fiscal year 2020.2 The company was declared bankrupt on 15 February 2022.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020
  3. 3Belgian State Gazette, 22-02-2022

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2020, abbreviated schema

Turnover
€383,597▼ 19.8%
2019 · €478,353
EBIT margin
-38.4%▼ 14.8pp
2019 · -23.6%
Net result
-€103,646▼ 53.7%
2019 · -€67,438
Working capital
-€256,802▲ 7.8%
2019 · -€278,387
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020
Turnover€478,353-€383,597▼ 19.8%
Operating result-€113,055--€147,401▼ 30.4%
Net result-€67,438--€103,646▼ 53.7%
EBIT margin-23.6%--38.4%▼ 14.8pp
Equity€233,991-€130,345▼ 44.3%
Total assets€1.5m-€1.2m▼ 22.0%
Debt€1.2m-€1.0m▼ 14.1%
Working capital-€278,387--€256,802▲ 7.8%
Staff (FTE)2-2=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2019: -€113,055-€113,055Net result 2019: -€67,438-€67,438Operating result 2020: -€147,401-€147,401Net result 2020: -€103,646-€103,64620192020-€150,000-€100,000-€50,000€0Operating result 2019: -€113,055-€113,000Net result 2019: -€67,438-€67,400Operating result 2020: -€147,401-€147,000Net result 2020: -€103,646-€104,00020192020
The operating result stays negative: a loss of €147,401 in 2020 against €113,055 in 2019; the loss grows.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.2m
Fixed assets €994,104 ▼ 17.9%
Current assets €185,595 ▼ 38.5%
Equity and liabilities €1.2m
Equity €130,345 ▼ 44.3%
Provisions €15,637 ▼ 79.5%
Debt €1.0m ▼ 14.1%
Debt's share of the balance-sheet total rises from 79.5% to 87.6%. Equity and debt are lower.
Key figures and ratios
2020 value · change against 2019
EBITDA
€75,831▼
2019 · €125,094
Cash flow
€119,586▼
2019 · €170,711
Current ratio
0.42▼
2019 · 0.52
Debt to equity
4.54▲
2019 · 2.66
ROE
-79.5%▼
2019 · -28.8%
ROA
-8.8%▼
2019 · -4.5%
Debt ≤ 1 year
€442,397▼
2019 · €580,013
Debt > 1 year
€591,320▼
2019 · €622,699
Income taxes
€4,469▲
2019 · €2,479
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 28 lines
Balance sheet Code20192020
Assets
Total assets20/58€1.5m€1.2m▼
Fixed assets21/28€1.2m€994,104▼
Intangible fixed assets21€7,759€5,417▼
Tangible fixed assets22/27€604,583€389,554▼
Financial fixed assets28€599,134€599,134=
Current assets29/58€301,626€185,595▼
Amounts receivable within one year40/41€206,014€163,870▼
Cash at bank and in hand54/58€82,777€13,506▼
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.2m▼
Equity10/15€233,991€130,345▼
Contributions10/11€99,157€99,157=
Reserves13€175,935€57,931▼
Profit (loss) carried forward14-€41,102-€26,744▲
Provisions and deferred taxes16€76,400€15,637▼
Amounts payable17/49€1.2m€1.0m▼
Amounts payable after more than one year17€622,699€591,320▼
Amounts payable within one year42/48€580,013€442,397▼
Trade debts44€228,737€95,447▼
Income statement Code20192020
Turnover70€478,353€383,597▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€238,149€223,232▼
Gross operating margin9900€333,839€262,779▼
Operating profit (loss)9901-€113,055-€147,401▼
Recurring financial income75€0€27▲
Recurring financial charges65€13,461€12,566▼
Profit (loss) for the period before taxes9903-€126,516-€159,940▼
Income taxes67/77€2,479€4,469▲
Profit (loss) for the period9904-€67,438-€103,646▼
Profit (loss) for the period to be appropriated9905€52,108€14,358▼
Line20192020Change
Turnover70€478,353€383,597▼ 19.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€238,149€223,232▼ 6.3%
Gross operating margin9900€333,839€262,779▼ 21.3%
Operating profit (loss)9901-€113,055-€147,401▼ 30.4%
Recurring financial income75€0€27▲ 13,405%
Recurring financial charges65€13,461€12,566▼ 6.7%
Profit (loss) for the period before taxes9903-€126,516-€159,940▼ 26.4%
Income taxes67/77€2,479€4,469▲ 80.3%
Profit (loss) for the period9904-€67,438-€103,646▼ 53.7%
Profit (loss) for the period to be appropriated9905€52,108€14,358▼ 72.4%
Line20192020Change
Assets
Total assets20/58€1.5m€1.2m▼ 22.0%
Fixed assets21/28€1.2m€994,104▼ 17.9%
Intangible fixed assets21€7,759€5,417▼ 30.2%
Tangible fixed assets22/27€604,583€389,554▼ 35.6%
Financial fixed assets28€599,134€599,134=
Current assets29/58€301,626€185,595▼ 38.5%
Amounts receivable within one year40/41€206,014€163,870▼ 20.5%
Cash at bank and in hand54/58€82,777€13,506▼ 83.7%
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.2m▼ 22.0%
Equity10/15€233,991€130,345▼ 44.3%
Contributions10/11€99,157€99,157=
Reserves13€175,935€57,931▼ 67.1%
Profit (loss) carried forward14-€41,102-€26,744▲ 34.9%
Provisions and deferred taxes16€76,400€15,637▼ 79.5%
Amounts payable17/49€1.2m€1.0m▼ 14.1%
Amounts payable after more than one year17€622,699€591,320▼ 5.0%
Amounts payable within one year42/48€580,013€442,397▼ 23.7%
Trade debts44€228,737€95,447▼ 58.3%
Line20192020Change
Profit (loss) for the period9904-€67,438-€103,646▼ 53.7%
+ Depreciation and write-downs630€238,149€223,232▼ 6.3%
Operating cash flow (approximation)€170,711€119,586▼ 29.9%
Investment in fixed assets (approximation)--€5,860-
Change in cash--€69,271-

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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Timeline · acts, filings and financial milestones

2022
22-02
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 15-02-2022
2021
28-01
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-01
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-02
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-01
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
25-02
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
25-02
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
26-02
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
27-02
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalNBB filing
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Genk · 1 establishment unit since 1988
seat establishment The establishment unit on the map
Ground area
2.5 ha
Building footprint
375 m²
Volume, LiDAR
2,110 m³
Parcel 71304E0727/00X009, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Slingerweg 39, 3600 Genk
NACE 74142
since 19882.229.160.760
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71304E0727/00X009 Flanders 2.5 ha 1 · 375 m² 8.3 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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-
15-02-2022 → present
Curator GEERT RENIERS
JAARBEURSLAAN 19, 3600 GENK
15-02-2022 → present

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,870 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded15-11-1988
Fiscal year end31-07
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail jos.vlieger@decometa.comGenk
Phone 089/322844Genk
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.