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 ~3.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 17540 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 | €153k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | +13.9% | +317.8% | +317.6% | - | - |
| Net profit | +15.7% | - | - | - | - |
| Cash flow | +11.7% | +310.7% | +256.5% | - | - |
| Staff costs | - | - | -100.0% | - | - |
| Income taxes | +94.2% | -59.8% | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | +13.3% | +0.6% | +43.5% | -64.0% | - |
| Equity | +15.7% | +24.9% | -2.5% | -52.2% | - |
| Debt | +6.9% | -33.4% | +322.1% | -85.5% | - |
| of which ≤ 1y | +6.9% | -33.4% | +322.1% | -85.5% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | +35.0% | +70.6% | -50.1% | -52.4% | - |
| Employees (FTE) | - | - | - | +100.0% | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.30 | 2.82 | 1.71 | 7.02 | 2.83 |
| Quick ratio | 1.40 | 0.59 | 0.14 | 2.21 | 1.79 |
| Working capital ratio | 59.9% | 50.3% | 29.6% | 85.3% | 64.5% |
| Solvency | 74.0% | 72.4% | 58.3% | 85.8% | 64.7% |
| 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% | -26.4% |
| ROE | 20.0% | 20.0% | -2.6% | 1.7% | -40.8% |
| 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 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €103k | €91k | €90k | €63k | €175k |
| Fixed assets | 21/28 | €14k | €20k | €26k | €350 | €449 |
| Tangible fixed assets | 22/27 | €14k | €20k | €26k | €350 | €449 |
| Current assets | 29/58 | €88k | €71k | €64k | €63k | €174k |
| Stocks & contracts in progress | 3 | €51k | €56k | €59k | €43k | €64k |
| Amounts receivable within one year | 40/41 | - | €213 | €2k | €227 | €9 |
| Cash & bank | 54/58 | €37k | €13k | €2k | €19k | €110k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €103k | €91k | €90k | €63k | €175k |
| Equity | 10/15 | €76k | €66k | €53k | €54k | €113k |
| Contributions / capital | 10/11 | €90k | €90k | €90k | €90k | - |
| Reserves | 13 | €4k | €9k | €9k | €9k | €9k |
| Accumulated profits (losses) | 14 | €-18k | €-33k | €-47k | €-45k | €-46k |
| Amounts payable | 17/49 | €27k | €25k | €38k | €9k | €62k |
| Amounts payable within one year | 42/48 | €27k | €25k | €38k | €9k | €62k |
| Trade debts payable within one year | 44 | €3k | €0 | €3k | €5k | €7k |
| Income statement | ||||||
| Gross operating margin | 9900 | €24k | €21k | €6k | €17k | €-15k |
| Operating result | 9901 | €16k | €13k | €-1k | €686 | €-30k |
| Financial income | 75 | €63 | €125 | €442 | €1k | €108 |
| Financial charges | 65 | €485 | €159 | €210 | €899 | €192 |
| Result before taxes | 9903 | €15k | €13k | €-1k | €897 | €-30k |
| Income taxes | 67/77 | €137 | €70 | €175 | - | - |
| Net result for the period | 9904 | €15k | €13k | €-1k | €897 | €-30k |
| Result to be appropriated | 9905 | €15k | €13k | €-1k | €897 | €-30k |
| 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
{
"events": [
{
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"n_shares_destroyed": null,
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"merger_new_shares_n": null,
"merger_exchange_ratio": null,
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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,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"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 |