DECO PHILL DESIGN
ActiveThe computed 12-month bankruptcy probability of DECO PHILL DESIGN is 9.6% (elevated). The 2024 annual accounts show negative equity (€-11k) and a net result of €-1k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 541 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
16
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability43▲+43
Solvency0▼-10
Growth78▲+26
Track record92
Bankruptcy probability, 12 months
9.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 1.04 in 2023; short-term debt: 182% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-82%
Return on assets
-10.4%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-11k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
15 d early
2022
48 d early
2021
10 d late
2020
10 d late
2019
13 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, micro schema
Equity
€-11k▼ 14.5%
2023 · €-10k
2019: €-37k
2020: €-11k
2021: €-11k
2022: €52k
2023: €-10k
2019 → 2024
Total assets
€14k▼ 79.6%
2023 · €67k
2019: €100k
2020: €97k
2021: €62k
2022: €122k
2023: €67k
2019 → 2024
Net result
€-1k▲ 97.7%
2023 · €-62k
2019: €-43k
2020: €26k
2021: €-482
2022: €40k
2023: €-62k
2019 → 2024
Working capital
€-11k
2023 · €2k
2019: €-54k
2020: €-23k
2021: €-16k
2022: €55k
2023: €2k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-11k-€-11k▼ 4.5%€52k€-10k€-11k▼ 14.5%
Operating result€30k-€3k▼ 91.2%€58k▲ 2,121%€-59k€1k
Net result€26k-€-482€40k€-62k€-1k▲ 97.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1k after a loss of €59k in 2023.
Key figures and ratios
EBITDA
€8k▲
2023 · €-43k
Cash flow
€6k▲
2023 · €-46k
Solvency
-82.0%▼
2023 · -14.6%
Current ratio
0.55▼
2023 · 1.04
Quick ratio
0.55▼
2023 · 1.04
Debt / equity
-2.22▲
2023 · -7.84
ROA
-10.4%▲
2023 · -92.6%
Interest coverage
4.41▲
2023 · -15.19
Debt
€25k▼
2023 · €76k
Debt ≤ 1 year
€25k▼
2023 · €58k
Income taxes
€630▲
2023 · €455
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€67k€14k▼
Fixed assets21/28€7k-
Tangible fixed assets22/27€7k-
Leasing and similar rights25€7k-
Financial fixed assets28€43-
Current assets29/58€60k€14k▼
Amounts receivable within one year40/41€50k€14k▼
Trade receivables40€36k€13k▼
Other amounts receivable41€13k€846▼
Deferred charges and accrued income490/1€10k-
Equity and liabilities
Total equity and liabilities10/49€67k€14k▼
Equity10/15€-10k€-11k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-16k€-17k▼
Amounts payable17/49€76k€25k▼
Amounts payable after more than one year17€19k-
Financial debts170/4€19k-
Amounts payable within one year42/48€58k€25k▼
Current portion of amounts payable after more than one year42€6k-
Financial debts43€1k€8k▲
Credit institutions430/8€1k€8k▲
Trade debts44€41k€3k▼
Suppliers440/4€41k€3k▼
Taxes, remuneration and social security45€9k€3k▼
Taxes450/3€9k€3k▼
Other amounts payable47/48-€11k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€7k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-41k€11k▲
Operating profit (loss)9901€-59k€1k▲
Financial income75/76B€100-
Recurring financial income75€100-
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-61k€-787▲
Income taxes67/77€455€630▲
Profit (loss) for the period9904€-62k€-1k▲
Profit (loss) for the period to be appropriated9905€-62k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-17k▼
Profit (loss) brought forward from the previous period14P€46k€-16k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-09
KBO administration
Address struck
Louizalaan 367 1050 Die Sitzadresse Avenue Louise / Louizalaan
Bruxelles · event 07-08-2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-62k ▼255%
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.21
Current ratio from 0.60 to 2.21.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
SignalFinancial 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
1 establishment unit since 2019
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.
Ground area
266 m²
Building footprint
265 m²
Volume, LiDAR
3,746 m³
Parcel 21807G0211/00W012, Brussels · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
DECO PHILL DESIGN
since 20192.287.163.394
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 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.
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Of 457 companies in sector 31009 we hold annual accounts for 124. 100 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2019
Fiscal year end31-12
Activities, NACEBEL
31009Manufacture of furniture
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.decophilldesign.be
E-mail:deco.phil.design@gmail.com
E-mail:phill.m@decophilldesign.be
Phone:0471783339