DECOFAS
ActiveDECOFAS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €84k and a net result of €3k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
86
/ 100
Excellent▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability16▼-13
Solvency99▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.54 against 2.41 in 2023), and 35.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
64.3%
Return on assets
2%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
2 d early
2022
21 d late
2021
59 d late
2020
59 d late
2019
54 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€84k▲ 3.2%
2023 · €81k
2018: €65k
2019: €58k
2020: €62k
2021: €75k
2022: €76k
2023: €81k
2018 → 2024
Total assets
€130k▼ 3.6%
2023 · €135k
2018: €137k
2019: €101k
2020: €107k
2021: €117k
2022: €147k
2023: €135k
2018 → 2024
Net result
€3k▼ 44.1%
2023 · €5k
2018: €5k
2019: €-7k
2020: €4k
2021: €14k
2022: €1k
2023: €5k
2018 → 2024
Working capital
€61k▲ 10.3%
2023 · €55k
2018: €37k
2019: €36k
2020: €42k
2021: €65k
2022: €50k
2023: €55k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€62k-€75k▲ 22.5%€76k▲ 1.5%€81k▲ 6.1%€84k▲ 3.2%
Operating result€3k-€18k▲ 503%€3k▼ 85.0%€7k▲ 181%€5k▼ 32.8%
Net result€4k-€14k▲ 289%€1k▼ 92.0%€5k▲ 323%€3k▼ 44.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 33% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €130k
Fixed assets
€30k▼ 26.4%
Current assets
€100k▲ 6.3%
Equity and liabilities €130k
Equity
€84k▲ 3.2%
Debt
€46k▼ 14.0%
The debt ratio falls from 39.9% to 35.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€18k▼
2023 · €21k
Cash flow
€16k▼
2023 · €18k
Solvency
64.3%▲
2023 · 60.1%
Current ratio
2.54▲
2023 · 2.41
Quick ratio
1.79▲
2023 · 1.34
Debt / equity
0.55▼
2023 · 0.67
ROE
3.1%▼
2023 · 5.8%
ROA
2.0%▼
2023 · 3.5%
Interest coverage
19.24▲
2023 · 18.50
Debt
€46k▼
2023 · €54k
Debt ≤ 1 year
€39k▲
2023 · €39k
Debt > 1 year
€5k▼
2023 · €14k
Income taxes
€1k▼
2023 · €2k
Staff costs
€36k▲
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€135k€130k▼
Fixed assets21/28€41k€30k▼
Tangible fixed assets22/27€41k€30k▼
Plant, machinery and equipment23€5k€5k▼
Furniture and vehicles24€6k€4k▼
Leasing and similar rights25€25k€18k▼
Other tangible fixed assets26€5k€3k▼
Financial fixed assets28€288€348▲
Current assets29/58€94k€100k▲
Stocks and contracts in progress3€42k€29k▼
Stocks30/36€20k€20k▼
Contracts in progress37€22k€10k▼
Amounts receivable within one year40/41€15k€12k▼
Trade receivables40€3k€3k▼
Other amounts receivable41€11k€10k▼
Cash at bank and in hand54/58€30k€48k▲
Deferred charges and accrued income490/1€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€135k€130k▼
Equity10/15€81k€84k▲
Contributions10/11€19k€19k=
Reserves13€26k€26k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€37k€39k▲
Amounts payable17/49€54k€46k▼
Amounts payable after more than one year17€14k€5k▼
Financial debts170/4€14k€5k▼
Amounts payable within one year42/48€39k€39k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€11k€15k▲
Suppliers440/4€11k€15k▲
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€3k€2k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€15k€11k▼
Accrued charges and deferred income492/3€686€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€18k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€711
Gross operating margin9900€41k€56k▲
Operating profit (loss)9901€7k€5k▼
Financial income75/76B-€5
Recurring financial income75-€5
Financial charges65/66B€1k€934▼
Recurring financial charges65€1k€934▼
Profit (loss) for the period before taxes9903€6k€4k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€5k€3k▼
Profit (loss) for the period to be appropriated9905€5k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€39k▲
Profit (loss) brought forward from the previous period14P€32k€37k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
31-12
Financial
Highest result since 2018net €14k ▲289%
Operating result €18k, net result €14k, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Weakest financial yearnet €-7k ▼238%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
VAN GENECHTEN Kristof Jozef Rosa John
CurrentDirector · since 13-12-2023
13-12-2023
Resigned as Director
13-12-2023
Appointed as Director
Location & real-estate footprint
Registered office, Tessenderlo-Ham · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Laarbossenstraat 153980 Tessenderlo-HamGround area
815 m²
Building footprint
170 m²
Volume, LiDAR
804 m³
Parcel 71057A1150/00K000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DECOFAS
since 19962.075.514.839
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71057A1150/00K000 | Flanders | 815 m² | 1 · 170 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TUBHERMES
BE 0456.962.347
Aiseau-Presles · Eq €84k
I.B.I. Montage
BE 0831.290.592
Lokeren · Eq €84k
GLOTEC
BE 0500.747.256
Zele · Eq €84k
HD CONSTRUCTIONS
BE 0476.944.545
Ronse · Eq €84k
ANTWERP STEEL PROJECTS
BE 0553.579.097
Brecht · Eq €84k
Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,568 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-1996
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.