DECOFAR
ActiveSummary
DECOFAR has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-64k) and a net result of €-54k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-18
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.03 in 2024; short-term debt: 171.4% and cash: 0.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 2025Solvency, return and age of the figures
Solvency
-71.4%
Return on assets
-60.6%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-64k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
22 d late
2024
25 d late
2023
15 d early
2022
51 d late
2021
24 d early
2020
25 d late
2019
38 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Equity
€-64k▼ 557%
2024 · €-10k
Total assets
€89k▼ 33.6%
2024 · €135k
Net result
€-54k▼ 16.1%
2024 · €-47k
Working capital
€-152k▼ 8.7%
2024 · €-140k
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€-67k€-72k▼ 7.3%€-82k▼ 14.2%€-46k▲ 43.7%€-54k▼ 16.2%
Net result€-67k€-72k▼ 7.2%€-82k▼ 13.9%€-47k▲ 43.4%€-54k▼ 16.1%
Equity€191k▼ 26.0%€119k▼ 37.7%€37k▼ 69.1%€-10k€-64k▼ 557%
Total assets€289k▼ 18.8%€230k▼ 20.6%€167k▼ 27.4%€135k▼ 19.3%€89k▼ 33.6%
Debt€98k▲ 0.3%€110k▲ 12.9%€130k▲ 17.6%€144k▲ 11.2%€153k▲ 6.1%
Working capital€-83k▼ 31.7%€-107k▼ 29.5%€-126k▼ 17.5%€-140k▼ 11.7%€-152k▼ 8.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €54k in 2025 against €46k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89k
Fixed assets
€89k ▼ 32.1%
Current assets
€555 ▼ 85.9%
Key figures and ratios
EBITDA
€-12k▲
2024 · €-14k
Cash flow
€-12k▲
2024 · €-15k
Solvency
-71.4%▼
2024 · -7.2%
Current ratio
0.00▼
2024 · 0.03
Debt to equity
-2.40▲
2024 · -14.86
ROA
-60.6%▼
2024 · -34.6%
Interest coverage
-42.20▲
2024 · -52.89
Debt ≤ 1 year
€153k▲
2024 · €144k
Income taxes
€75▼
2024 · €86
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48k | €48k | €64k | €32k | €42k | ▲ 31.5% |
| Other operating charges640/8 | €1k | €406 | €298 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | €-18k | €-23k | €-17k | €-14k | €-12k | ▲ 17.9% |
| Operating profit (loss)9901 | €-67k | €-72k | €-82k | €-46k | €-54k | ▼ 16.2% |
| Financial income75/76B | €29 | €0 | - | €0 | - | - |
| Recurring financial income75 | €29 | €0 | - | €0 | - | - |
| Non-recurring financial income76B | €29 | - | - | - | - | - |
| Financial charges65/66B | €179 | €155 | €179 | €272 | €280 | ▲ 3.1% |
| Recurring financial charges65 | €179 | €155 | €179 | €272 | €280 | ▲ 3.1% |
| Profit (loss) for the period before taxes9903 | €-67k | €-72k | €-82k | €-46k | €-54k | ▼ 16.1% |
| Income taxes67/77 | €363 | €293 | €126 | €86 | €75 | ▼ 13.1% |
| Profit (loss) for the period9904 | €-67k | €-72k | €-82k | €-47k | €-54k | ▼ 16.1% |
| Profit (loss) for the period to be appropriated9905 | €-67k | €-72k | €-82k | €-47k | €-54k | ▼ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €289k | €230k | €167k | €135k | €89k | ▼ 33.6% |
| Fixed assets21/28 | €274k | €226k | €162k | €131k | €89k | ▼ 32.1% |
| Intangible fixed assets21 | €242k | €207k | €157k | €129k | €89k | ▼ 31.1% |
| Tangible fixed assets22/27 | €32k | €19k | €6k | €2k | €84 | ▼ 95.7% |
| Land and buildings22 | €774 | €538 | €358 | €179 | - | - |
| Plant, machinery and equipment23 | €6k | €4k | €3k | €2k | €84 | ▼ 95.3% |
| Furniture and vehicles24 | €26k | €14k | €2k | - | - | - |
| Current assets29/58 | €15k | €3k | €4k | €4k | €555 | ▼ 85.9% |
| Amounts receivable within one year40/41 | €12k | €2k | €4k | €3k | €432 | ▼ 85.9% |
| Trade receivables40 | €11k | €2k | €3k | €3k | - | - |
| Other amounts receivable41 | €1k | - | €1k | €35 | €432 | ▲ 1,119% |
| Cash at bank and in hand54/58 | €3k | €507 | €180 | €863 | €123 | ▼ 85.8% |
| Deferred charges and accrued income490/1 | - | €809 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €289k | €230k | €167k | €135k | €89k | ▼ 33.6% |
| Equity10/15 | €191k | €119k | €37k | €-10k | €-64k | ▼ 557% |
| Contributions10/11 | €312k | €312k | €312k | €312k | €312k | = |
| Capital10 | €312k | €312k | €312k | €312k | €312k | = |
| Issued capital100 | €312k | €312k | €312k | €312k | €312k | = |
| Reserves13 | €30k | €30k | €30k | €30k | €30k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €24k | €24k | €24k | €24k | €24k | = |
| Profit (loss) carried forward14 | €-151k | €-223k | €-305k | €-352k | €-406k | ▼ 15.4% |
| Amounts payable17/49 | €98k | €110k | €130k | €144k | €153k | ▲ 6.1% |
| Amounts payable within one year42/48 | €98k | €110k | €130k | €144k | €153k | ▲ 6.1% |
| Trade debts44 | €3k | €4k | €3k | €2k | €1k | ▼ 19.5% |
| Suppliers440/4 | €3k | €4k | €3k | €2k | €1k | ▼ 19.5% |
| Taxes, remuneration and social security45 | €821 | €696 | €419 | €86 | €161 | ▲ 86.9% |
| Taxes450/3 | €821 | €696 | €419 | €86 | €161 | ▲ 86.9% |
| Other amounts payable47/48 | €94k | €106k | €127k | €143k | €152k | ▲ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-67k | €-72k | €-82k | €-47k | €-54k | ▼ 16.1% |
| + Depreciation and write-downs630 | €48k | €48k | €64k | €32k | €42k | ▲ 31.5% |
| Operating cash flow (approximation) | €-20k | €-24k | €-18k | €-15k | €-12k | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | €0 | €-756 | €0 | €0 | - |
| Change in cash | - | €-2k | €-327 | €684 | €-740 | ▼ 208% |
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
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 22 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Back to profitnet €98k
Net result €98k after one loss-making year.
31-12
Financial
Equity above €200kEq €259k ▲61.2%
Equity rises from €161k to €259k.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
31-12
Financial
Equity above €150kEq €161k
Equity rises from €-32k to €161k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Putte · 1 establishment unit since 1996
Ground area
4,200 m²
Building footprint
335 m²
Volume, LiDAR
2,119 m³
Parcel 12001C0291/00M002, Flanders · tallest building 17.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DECOFAR NV
since 19962.076.629.745
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12001C0291/00M002 | Flanders | 4,200 m² | 1 · 335 m² | 17.9 m · 2 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.
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Of 798 companies in sector 46450 we hold annual accounts for 451. 289 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46450Wholesale of perfume and cosmetics
47783Retail trade
Scores and ratios are computed by Checked and are not a credit decision.