DECO-TEC
ActiveSummary
DECO-TEC has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,963 and a net result of €744. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 72% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+56
Solvency93▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 2.37 against 3.42 in 2024; short-term debt: 32.4% and cash: 0% of total assets), and 32.4% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.6%
Return on assets
0.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-03-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
58 d early
2023
32 d early
2022
62 d early
2021
19 d early
2020
44 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€65,963▼ 20.6%
2024 · €83,041
Total assets
€97,574▼ 8.6%
2024 · €106,749
Net result
€744
2024 · -€25,815
Working capital
€43,251▼ 24.5%
2024 · €57,259
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
Line20212022202320242025
Operating result€10,105▼ 64.4%€9,387▼ 7.1%€14,477▲ 54.2%-€25,340€2,265
Net result€6,696▼ 65.3%€6,222▼ 7.1%€9,748▲ 56.7%-€25,815€744
Equity€138,160▲ 1.4%€115,734▼ 16.2%€122,233▲ 5.6%€83,041▼ 32.1%€65,963▼ 20.6%
Total assets€189,557▲ 22.8%€173,705▼ 8.4%€137,143▼ 21.0%€106,749▼ 22.2%€97,574▼ 8.6%
Debt€51,398▲ 183%€57,971▲ 12.8%€14,910▼ 74.3%€23,708▲ 59.0%€31,611▲ 33.3%
Working capital€101,413▲ 5.8%€82,838▼ 18.3%€92,221▲ 11.3%€57,259▼ 37.9%€43,251▼ 24.5%
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 2025: €2,265 after a loss of €25,340 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97,574
Fixed assets
€22,712 ▼ 11.9%
Current assets
€74,862 ▼ 7.5%
Equity and liabilities €97,574
Equity
€65,963 ▼ 20.6%
Debt
€31,611 ▲ 33.3%
Debt's share of the balance-sheet total rises from 22.2% to 32.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,870▲
2024 · -€21,110
Cash flow
€5,348▲
2024 · -€21,585
Current ratio
2.37▼
2024 · 3.42
Quick ratio
1.95▼
2024 · 2.74
Debt to equity
0.48▲
2024 · 0.29
ROE
1.1%▲
2024 · -31.1%
ROA
0.8%▲
2024 · -24.2%
Interest coverage
4.41▲
2024 · -39.62
Debt ≤ 1 year
€31,611▲
2024 · €23,708
Income taxes
€74▲
2024 · -€13
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 16,986 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,312 | €3,851 | €4,039 | €4,230 | €4,604 | ▲ 8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €106 | - | - |
| Other operating charges640/8 | €856 | €763 | €1,054 | €1,079 | €924 | ▼ 14.4% |
| Gross operating margin9900 | €15,274 | €14,001 | €19,570 | -€19,925 | €7,793 | ▲ 139% |
| Operating profit (loss)9901 | €10,105 | €9,387 | €14,477 | -€25,340 | €2,265 | ▲ 109% |
| Financial income75/76B | €21 | €66 | €95 | €44 | €112 | ▲ 154% |
| Recurring financial income75 | €21 | €66 | €95 | €44 | €112 | ▲ 154% |
| Financial charges65/66B | €541 | €508 | €527 | €533 | €1,559 | ▲ 193% |
| Recurring financial charges65 | €541 | €508 | €527 | €533 | €1,559 | ▲ 193% |
| Profit (loss) for the period before taxes9903 | €9,586 | €8,946 | €14,046 | -€25,828 | €818 | ▲ 103% |
| Income taxes67/77 | €2,889 | €2,724 | €4,297 | -€13 | €74 | ▲ 656% |
| Profit (loss) for the period9904 | €6,696 | €6,222 | €9,748 | -€25,815 | €744 | ▲ 103% |
| Transfer from tax-exempt reserves789 | €640 | €71 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €7,336 | €6,292 | €9,748 | -€25,815 | €744 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €189,557 | €173,705 | €137,143 | €106,749 | €97,574 | ▼ 8.6% |
| Fixed assets21/28 | €36,747 | €32,896 | €30,012 | €25,782 | €22,712 | ▼ 11.9% |
| Intangible fixed assets21 | - | - | €961 | €576 | €191 | ▼ 66.8% |
| Tangible fixed assets22/27 | €36,536 | €32,685 | €28,840 | €24,995 | €22,311 | ▼ 10.7% |
| Land and buildings22 | €34,800 | €31,320 | €27,840 | €24,360 | €20,880 | ▼ 14.3% |
| Plant, machinery and equipment23 | €1,736 | €1,365 | €1,000 | €635 | €1,431 | ▲ 125% |
| Financial fixed assets28 | €211 | €211 | €211 | €211 | €211 | = |
| Current assets29/58 | €152,811 | €140,809 | €107,131 | €80,967 | €74,862 | ▼ 7.5% |
| Amounts receivable after more than one year29 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Other amounts receivable291 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Stocks and contracts in progress3 | €13,552 | €22,966 | €14,716 | €15,917 | €13,257 | ▼ 16.7% |
| Stocks30/36 | €11,277 | €21,786 | €11,756 | €11,580 | €12,361 | ▲ 6.7% |
| Contracts in progress37 | €2,275 | €1,180 | €2,960 | €4,337 | €897 | ▼ 79.3% |
| Amounts receivable within one year40/41 | €61,691 | €75,925 | €41,785 | €22,977 | €19,446 | ▼ 15.4% |
| Trade receivables40 | €4,546 | €26,342 | €19,216 | €4,454 | €3,370 | ▼ 24.3% |
| Other amounts receivable41 | €57,145 | €49,584 | €22,569 | €18,523 | €16,076 | ▼ 13.2% |
| Cash at bank and in hand54/58 | €35,701 | €3 | €7,862 | €3 | €3 | = |
| Deferred charges and accrued income490/1 | €1,867 | €1,916 | €2,767 | €2,071 | €2,156 | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €189,557 | €173,705 | €137,143 | €106,749 | €97,574 | ▼ 8.6% |
| Equity10/15 | €138,160 | €115,734 | €122,233 | €83,041 | €65,963 | ▼ 20.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €17,325 | €12,848 | ▼ 25.8% |
| Reserves13 | €119,560 | €97,134 | €103,633 | €65,716 | €53,116 | ▼ 19.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €71 | - | - | - | - | - |
| Distributable reserves133 | €117,629 | €95,274 | €103,633 | €65,716 | €53,116 | ▼ 19.2% |
| Amounts payable17/49 | €51,398 | €57,971 | €14,910 | €23,708 | €31,611 | ▲ 33.3% |
| Amounts payable within one year42/48 | €51,398 | €57,971 | €14,910 | €23,708 | €31,611 | ▲ 33.3% |
| Financial debts43 | €2,751 | €20,243 | €3,000 | €13,284 | €16,283 | ▲ 22.6% |
| Credit institutions430/8 | €2,751 | €20,243 | €3,000 | €13,284 | €16,283 | ▲ 22.6% |
| Trade debts44 | €7,527 | €12,201 | €8,793 | €5,280 | €6,640 | ▲ 25.8% |
| Suppliers440/4 | €7,527 | €12,201 | €8,793 | €5,280 | €6,640 | ▲ 25.8% |
| Taxes, remuneration and social security45 | - | - | €297 | - | - | - |
| Taxes450/3 | - | - | €297 | - | - | - |
| Other amounts payable47/48 | €41,120 | €25,527 | €2,820 | €5,144 | €8,688 | ▲ 68.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,696 | €6,222 | €9,748 | -€25,815 | €744 | ▲ 103% |
| + Depreciation and write-downs630 | €4,312 | €3,851 | €4,039 | €4,230 | €4,604 | ▲ 8.8% |
| Operating cash flow (approximation) | €11,009 | €10,073 | €13,787 | -€21,585 | €5,348 | ▲ 125% |
| Investment in fixed assets (approximation) | - | €0 | -€1,155 | €0 | -€1,535 | - |
| Change in cash | - | -€35,698 | €7,860 | -€7,860 | €0 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €744
Net result €744 after one loss-making year.
03-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€25,815
Net result drops to -€25,815, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 7.18
Current ratio from 2.43 to 7.18; short-term debt falls from €57,971 to €14,910.
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €19,325 ▲97.1%
Operating result €28,347, net result €19,325, both a record.
30-09
Financial
Liquidity triplescurrent ratio 6.28
Current ratio from 2.49 to 6.28; short-term debt falls from €49,234 to €18,156.
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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, Deinze · 1 establishment unit since 1997
Ground area
436 m²
Building footprint
248 m²
Volume, LiDAR
783 m³
Parcel 44011A1077/00M002, Flanders · tallest building 3.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Goossijn Van Hoodeghemstraat 14, 9800 Deinze
since 19972.081.364.038
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44011A1077/00M002 | Flanders | 436 m² | 1 · 248 m² | 3.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 539 EUR awarded · 539 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 99 EUR | 99 EUR |
| 2022 | 1 | 440 EUR | 440 EUR |
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. 4,745 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-04-1997
Fiscal year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43221Plumbing work
46842Wholesale trade
Contact
E-mail
deco-tec@telenet.beDeinze
Phone
093863361Deinze
Fax
093803782Deinze
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460420693
Also
9925:BE0460420693
Registered
21-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.