DECOFAST
ActiveSummary
DECOFAST has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.91M and a net result of €102k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▼-17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 4.48 against 4.38 in 2023; short-term debt: 21.2% and cash: 7.1% of total assets), and 21.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
78.7%
Return on assets
4.2%
Age of the figures
21 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 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
22 d early
2022
on the day
2021
38 d early
2020
23 d early
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.91M▲ 5.6%
2023 · €1.81M
2018: €776k
2019: €771k▼ -0.6% vs 2018lowest in 7 years
2020: €859k▲ +11.3% vs 2019
2021: €1.86M▲ +117% vs 2020
2022: €1.78M▼ -4.3% vs 2021
2023: €1.81M▲ +1.2% vs 2022
2024: €1.91M▲ +5.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€2.42M▲ 4.1%
2023 · €2.33M
2018: €1.25Mlowest in 7 years
2019: €1.26M▲ +0.7% vs 2018
2020: €1.33M▲ +5.9% vs 2019
2021: €2.35M▲ +75.8% vs 2020
2022: €2.27M▼ -3.0% vs 2021
2023: €2.33M▲ +2.3% vs 2022
2024: €2.42M▲ +4.1% vs 2023highest in 7 years
2018 → 2024
Net result
€102k▲ 28.2%
2023 · €79k
2018: €58k
2019: €8k▼ -86.9% vs 2018lowest in 7 years
2020: €87k▲ +1056% vs 2019
2021: €1.00M▲ +1048% vs 2020highest in 7 years
2022: €10k▼ -99.0% vs 2021
2023: €79k▲ +705% vs 2022
2024: €102k▲ +28.2% vs 2023
2018 → 2024
Working capital
€1.79M▲ 1.7%
2023 · €1.76M
2018: €75k
2019: €70k▼ -6.0% vs 2018lowest in 7 years
2020: €158k▲ +125% vs 2019
2021: €1.85M▲ +1069% vs 2020highest in 7 years
2022: €1.78M▼ -4.1% vs 2021
2023: €1.76M▼ -1.0% vs 2022
2024: €1.79M▲ +1.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€859k-€1.86M▲ 117%€1.78M▼ 4.3%€1.81M▲ 1.2%€1.91M▲ 5.6%
2020: €859klowest in 5 years
2021: €1.86M▲ +117% vs 2020
2022: €1.78M▼ -4.3% vs 2021
2023: €1.81M▲ +1.2% vs 2022
2024: €1.91M▲ +5.6% vs 2023highest in 5 years
Operating result€49k-€44k▼ 9.3%€78k▲ 75.7%€92k▲ 19.2%€133k▲ 44.2%
2020: €49k
2021: €44k▼ -9.3% vs 2020lowest in 5 years
2022: €78k▲ +75.7% vs 2021
2023: €92k▲ +19.2% vs 2022
2024: €133k▲ +44.2% vs 2023highest in 5 years
Net result€87k-€1.00M▲ 1,048%€10k▼ 99.0%€79k▲ 705%€102k▲ 28.2%
2020: €87k
2021: €1.00M▲ +1048% vs 2020highest in 5 years
2022: €10k▼ -99.0% vs 2021lowest in 5 years
2023: €79k▲ +705% vs 2022
2024: €102k▲ +28.2% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 44% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.42M
Fixed assets
€120k ▲ 153%
Current assets
€2.30M ▲ 1.0%
Equity and liabilities €2.42M
Equity
€1.91M ▲ 5.6%
Debt
€515k ▼ 1.3%
Debt's share of the balance-sheet total falls from 22.4% to 21.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€148k▲
2023 · €104k
Cash flow
€117k▲
2023 · €91k
Current ratio
4.48▲
2023 · 4.38
Debt to equity
0.27▼
2023 · 0.29
ROE
5.3%▲
2023 · 4.4%
ROA
4.2%▲
2023 · 3.4%
Interest coverage
3.83▼
2023 · 26.06
Debt ≤ 1 year
€514k▼
2023 · €520k
Income taxes
€43k▲
2023 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.33M€2.42M▲
Fixed assets21/28€47k€120k▲
Tangible fixed assets22/27€47k€120k▲
Furniture and vehicles24€47k€119k▲
Other tangible fixed assets26€500€500=
Current assets29/58€2.28M€2.30M▲
Amounts receivable after more than one year29€132k€0▼
Trade receivables290€132k€0▼
Amounts receivable within one year40/41€24k€0▼
Trade receivables40€18k€0▼
Other amounts receivable41€6k€0▼
Current investments50/53€724k€2.13M▲
Cash at bank and in hand54/58€1.40M€173k▼
Equity and liabilities
Total equity and liabilities10/49€2.33M€2.42M▲
Equity10/15€1.81M€1.91M▲
Contributions10/11€19k€19k=
Reserves13€1.21M€1.31M▲
Non-distributable reserves130/1€27k-
Reserves not available under the articles1311€27k-
Distributable reserves133€1.18M€1.31M▲
Profit (loss) carried forward14€579k€579k=
Amounts payable17/49€521k€515k▼
Amounts payable within one year42/48€520k€514k▼
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3€11k€13k▲
Remuneration and social security454/9€550€0▼
Other amounts payable47/48€505k€500k▼
Accrued charges and deferred income492/3€854€854=
Income statement
Code20232024
Non-recurring operating income76A-€26k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€15k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€105k€150k▲
Operating profit (loss)9901€92k€133k▲
Financial income75/76B€22k€50k▲
Recurring financial income75€22k€47k▲
Non-recurring financial income76B-€3k
Financial charges65/66B€4k€39k▲
Recurring financial charges65€4k€39k▲
Profit (loss) for the period before taxes9903€111k€144k▲
Income taxes67/77€31k€43k▲
Profit (loss) for the period9904€79k€102k▲
Profit (loss) for the period to be appropriated9905€79k€102k▲
Appropriation of the result
Profit (loss) to be appropriated9906€658k€680k▲
Profit (loss) brought forward from the previous period14P€579k€579k=
Transfer from equity791/2€58k€0▼
Transfer to equity691/2€79k€102k▲
To other reserves6921€79k€102k▲
Profit to be distributed694/7€58k€0▼
Return on contributions (dividend)694€58k€0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €26k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €474 | €2k | €3k | €12k | €15k | ▲ 29.9% |
| Other operating charges640/8 | - | €2k | €1k | €1k | €1k | ▼ 2.5% |
| Gross operating margin9900 | €50k | €48k | €82k | €105k | €150k | ▲ 42.0% |
| Operating profit (loss)9901 | €49k | €44k | €78k | €92k | €133k | ▲ 44.2% |
| Financial income75/76B | - | €1.09M | €11k | €22k | €50k | ▲ 124% |
| Recurring financial income75 | €75k | €0 | €11k | €22k | €47k | ▲ 111% |
| Non-recurring financial income76B | - | €1.09M | €0 | - | €3k | - |
| Financial charges65/66B | - | €20k | €65k | €4k | €39k | ▲ 870% |
| Recurring financial charges65 | €19k | €20k | €65k | €4k | €39k | ▲ 870% |
| Profit (loss) for the period before taxes9903 | €105k | €1.11M | €24k | €111k | €144k | ▲ 30.3% |
| Income taxes67/77 | €17k | €108k | €14k | €31k | €43k | ▲ 35.8% |
| Profit (loss) for the period9904 | €87k | €1.00M | €10k | €79k | €102k | ▲ 28.2% |
| Profit (loss) for the period to be appropriated9905 | €87k | €1.00M | €10k | €79k | €102k | ▲ 28.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.33M | €2.35M | €2.27M | €2.33M | €2.42M | ▲ 4.1% |
| Fixed assets21/28 | €701k | €11k | €8k | €47k | €120k | ▲ 153% |
| Tangible fixed assets22/27 | €949 | €11k | €8k | €47k | €120k | ▲ 153% |
| Plant, machinery and equipment23 | - | €474 | €0 | - | - | - |
| Furniture and vehicles24 | - | €11k | €8k | €47k | €119k | ▲ 154% |
| Other tangible fixed assets26 | - | - | - | €500 | €500 | = |
| Financial fixed assets28 | €700k | €0 | - | - | - | - |
| Current assets29/58 | €633k | €2.33M | €2.27M | €2.28M | €2.30M | ▲ 1.0% |
| Amounts receivable after more than one year29 | - | €480k | €325k | €132k | €0 | ▼ 100% |
| Trade receivables290 | - | €480k | €325k | €132k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €16k | €22k | €24k | €24k | €0 | ▼ 100% |
| Trade receivables40 | - | €22k | €17k | €18k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €0 | €6k | €6k | €0 | ▼ 100% |
| Current investments50/53 | - | €112k | €438k | €724k | €2.13M | ▲ 194% |
| Cash at bank and in hand54/58 | €616k | €1.72M | €1.48M | €1.40M | €173k | ▼ 87.6% |
| Deferred charges and accrued income490/1 | - | €40 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.33M | €2.35M | €2.27M | €2.33M | €2.42M | ▲ 4.1% |
| Equity10/15 | €859k | €1.86M | €1.78M | €1.81M | €1.91M | ▲ 5.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €261k | €1.27M | €1.19M | €1.21M | €1.31M | ▲ 8.4% |
| Non-distributable reserves130/1 | - | €27k | €27k | €27k | - | - |
| Reserves not available under the articles1311 | - | €27k | €27k | €27k | - | - |
| Distributable reserves133 | - | €1.24M | €1.16M | €1.18M | €1.31M | ▲ 10.9% |
| Profit (loss) carried forward14 | €579k | €579k | €579k | €579k | €579k | = |
| Amounts payable17/49 | €476k | €483k | €491k | €521k | €515k | ▼ 1.3% |
| Amounts payable within one year42/48 | €475k | €483k | €491k | €520k | €514k | ▼ 1.3% |
| Financial debts43 | - | €3k | €0 | - | - | - |
| Credit institutions430/8 | - | €3k | €0 | - | - | - |
| Trade debts44 | €3k | €4k | €3k | €4k | €1k | ▼ 61.1% |
| Suppliers440/4 | - | €4k | €3k | €4k | €1k | ▼ 61.1% |
| Taxes, remuneration and social security45 | - | €17k | €18k | €12k | €13k | ▲ 7.1% |
| Taxes450/3 | - | €15k | €17k | €11k | €13k | ▲ 12.3% |
| Remuneration and social security454/9 | - | €2k | €1k | €550 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €459k | €469k | €505k | €500k | ▼ 1.0% |
| Accrued charges and deferred income492/3 | - | €734 | €854 | €854 | €854 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87k | €1.00M | €10k | €79k | €102k | ▲ 28.2% |
| + Depreciation and write-downs630 | €474 | €2k | €3k | €12k | €15k | ▲ 29.9% |
| Operating cash flow (approximation) | €88k | €1.01M | €13k | €91k | €117k | ▲ 28.4% |
| Investment in fixed assets (approximation) | - | €688k | €0 | €-51k | €-87k | ▼ 72.5% |
| Change in cash | - | €1.11M | €-242k | €-81k | €-1.23M | ▼ 1,419% |
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
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €1.00M ▲1,048%
Net result €1.00M, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 4.84
Current ratio from 1.33 to 4.84.
31-12
Financial
Equity above €1MEq €1.86M ▲117%
4 profitable years in a row build equity to €1.86M.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €8k ▼86.9%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Roeselare · 1 establishment unit since 2011
Ground area
337 m²
Building footprint
122 m²
Volume, LiDAR
627 m³
Parcel 36502B0659/00V000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DECOFAST
since 20112.195.641.916
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0659/00V000 | Flanders | 337 m² | 1 · 122 m² | 9.8 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 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,625 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.