Decof
ActiveSummary
Decof has been active since 1954 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €803,136 and a net result of €213,495. Equity has been growing by about 2.6% per year since 2018. Its solvency ranks better than 47% of 274 sector peers (NACE 32, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 19-11-1954 Normal situation
- Activity
- Other manufacturing NACE 32910
- Joint committee
- 126 Paritair Comité voor de stoffering en de houtbewerking · annual accounts 2025
- Establishment unit
- 2.003.400.188 8870 Izegem, since 01-10-1954
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Board and ownership
- Falcon Trading BVDirector · since 05-12-2008
- FALCON TRADING99.9%31-03-2025 annual accounts of FALCON TRADING
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €943,864
- ▲ 18.0%
- Turnover
- ≈ €2.2m
- estimated
- Profit
- €213,495
- ▲ 11.7%
- Equity
- €803,136
- ▲ 3.0%
- Total assets
- €1.9m
- ▼ 7.0%
- Employees on 31-12-2025
- 11
- ▲ 10.0%
Score breakdownlowers riskFounded in 1954Liquidity: current ratio 1.38, cash €350,852Profit of €213,495 (financial year 2025)Size: 10.1 FTE, total assets €1.9mShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 32, small). It does better than 46% of them on solvency, 63% on liquidity, 80% on profitability and 56% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 32), the median for financial year 2024 was 2 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: Oldest company in West Flanders, Other manufacturing sectorin the Checked rankings No. 1 View
- Positive: 8 profitable years in a rowprofit 2025: €213,495 8 years View
- Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
- Flemish supportawarded from 2022 to 2025 €75,888 View
Comparable companies
These companies have the same main activity as Decof: other manufacturing (NACE 32910). They are comparable in size and age: total assets between €353,000 and €8.7m, founded between 1939 and 1983.
| Company | Total assets | Gross margin |
|---|---|---|
| Decof Izegem | €1.9m | €0.9m |
| Europa Rollers Selection Mouscron | €2.2m | €0.8m |
| FLANDERS BRUSH MAKERS Izegem | €2.5m | €0.9m |
| DUX INTERNATIONAL Izegem | €2.7m | €1.7m |
| Etablissements Sintobin frères Ledegem | €8.7m | - |
| Demol - Sphinx Vilvoorde | €0.5m | €0.08m |
| P.G. brush Verviers | €0.4m | €0.07m |
Key facts about Decof
- What is the company number of Decof?
- The company number of Decof is 0405.549.971. The VAT number is the same number with BE in front: BE 0405.549.971.
- Where is Decof based?
- The registered office is at Noordkaai 34, 8870 Izegem.Company details
- What does Decof do?
- According to the KBO register, the main activity is other manufacturing (NACE 32910).
- What is the legal form of Decof?
- The legal form of Decof is Private limited company (pre-2019) (BVBA).
- When was Decof founded?
- Decof was founded on 19-11-1954.
- Is Decof still active?
- Yes, Decof is an active enterprise in the KBO register.
- How many employees does Decof have?
- Decof had an average of 10.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Decof fall under?
- In its 2025 annual accounts, Decof states joint committee 126 (Paritair Comité voor de stoffering en de houtbewerking).
- What is the turnover of Decof?
- The turnover in financial year 2025 is ≈ €2.2m. This figure is estimated from the gross margin of €943,864 and 2,285 comparable companies of the same size. It probably lies between €1.3m and €3.8m. It is a rough estimate.
- Is Decof profitable?
- In financial year 2025, Decof made a profit of €213,495.
- Where can I find the annual accounts of Decof?
- Decof filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Decof due?
- Decof must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
See how customers, suppliers and banks see your own company and what to improve first.