DECODEMAN
DECODEMAN has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €15k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 17366 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €76k |
| Net result | €15k |
| Better than sector | 82% |
| Active | 49 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 74.0% | 34.6% | |
| Net result | €15k | €5k | |
| Equity | €76k | €44k | |
| Gross operating margin | €24k | €34k | |
| Total assets | €103k | €154k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €23k | €20k | €5k | €1k |
| Net profit | €15k | €13k | €-1k | €897 |
| Cash flow | €22k | €20k | €5k | €1k |
| Staff costs | - | - | €0 | €14k |
| Income taxes | €137 | €70 | €175 | - |
| Dividends | €5k | - | - | - |
| Total assets | €103k | €91k | €90k | €63k |
| Equity | €76k | €66k | €53k | €54k |
| Debt | €27k | €25k | €38k | €9k |
| of which ≤ 1y | €27k | €25k | €38k | €9k |
| of which > 1y | - | - | - | - |
| Working capital | €62k | €46k | €27k | €54k |
| Employees (FTE) | - | - | - | 1.0 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 3.30 | 2.82 | 1.71 | 7.02 |
| Quick ratio | 1.40 | 0.59 | 0.14 | 2.21 |
| Working capital ratio | 59.9% | 50.3% | 29.6% | 85.3% |
| Solvency | 74.0% | 72.4% | 58.3% | 85.8% |
| Debt / equity | 0.35 | 0.38 | 0.71 | 0.16 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 46.58 | 124.89 | 22.59 | 1.26 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 14.8% | 14.5% | -1.5% | 1.4% |
| ROE | 20.0% | 20.0% | -2.6% | 1.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €103k | €91k | €90k | €63k |
| Fixed assets | 21/28 | €14k | €20k | €26k | €350 |
| Tangible fixed assets | 22/27 | €14k | €20k | €26k | €350 |
| Current assets | 29/58 | €88k | €71k | €64k | €63k |
| Stocks & contracts in progress | 3 | €51k | €56k | €59k | €43k |
| Amounts receivable within one year | 40/41 | - | €213 | €2k | €227 |
| Cash & bank | 54/58 | €37k | €13k | €2k | €19k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €103k | €91k | €90k | €63k |
| Equity | 10/15 | €76k | €66k | €53k | €54k |
| Contributions / capital | 10/11 | €90k | €90k | €90k | €90k |
| Reserves | 13 | €4k | €9k | €9k | €9k |
| Accumulated profits (losses) | 14 | €-18k | €-33k | €-47k | €-45k |
| Amounts payable | 17/49 | €27k | €25k | €38k | €9k |
| Amounts payable within one year | 42/48 | €27k | €25k | €38k | €9k |
| Trade debts payable within one year | 44 | €3k | €0 | €3k | €5k |
| Income statement | |||||
| Gross operating margin | 9900 | €24k | €21k | €6k | €17k |
| Operating result | 9901 | €16k | €13k | €-1k | €686 |
| Financial income | 75 | €63 | €125 | €442 | €1k |
| Financial charges | 65 | €485 | €159 | €210 | €899 |
| Result before taxes | 9903 | €15k | €13k | €-1k | €897 |
| Income taxes | 67/77 | €137 | €70 | €175 | - |
| Net result for the period | 9904 | €15k | €13k | €-1k | €897 |
| Result to be appropriated | 9905 | €15k | €13k | €-1k | €897 |
| NACE primary | Retail sale of household furniture(47551) |
| Legal form | Private limited company(610) |
| Incorporation | 01-04-1977 |
| Status | Active |
| Postal code | 8670 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38342G0578/00_000 | Flanders | 203 m² | 1 · 197 m² | 21.8 m · 4 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
29-03-2022 Transaction in capital or shares
Technical details
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"statutory_unavailable_equity_op": "convert_to_distributable"
}
],
"notary": {
"name": "Vincent Van Walleghem",
"firm_city": null,
"firm_name": null,
"office_city": "Koksijde",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-03-29",
"filing_date": "2022-03-25",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2022-03-08",
"unanimous": true,
"under_authorized_capital": false,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0417.052.290",
"name_full": "DECODEMAN",
"legal_form": "BV",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
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},
"co_filed_documents": [
"uitgifte van het proces-verbaal houdende statutenwijziging en omvattende geco\u00F6rdineerde tekst der statuten",
"het verslag van het bestuursorgaan inzake de wijziging van het voorwerp"
],
"shareholders_after": [],
"share_classes_after": []
}| Legal nameNL | DECODEMAN |