DECOGES
ActiveSummary
DECOGES has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.2m and a net result of €1.1m. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87=
Solvency62▲+9
Growth69▼-5
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 0.68 in 2024; short-term debt: 16.4% and cash: 3.3% of total assets), but 63.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 2025Solvency, return and age of the figures
Solvency
36.8%
Return on assets
9.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-11-2025, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
2 d early
2023
1 d late
2022
on the day
2021
16 d late
2020
22 d late
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema
In the rankings
#3 company by total assets in Malmedy, Professional and technical services sector#4 company by equity in Malmedy, Professional and technical services sector#10 oldest company in Malmedy, Professional and technical services sector
Turnover
€733,400▼ 14.2%
2024 · €855,015
EBIT margin
217.7%▲ 39.8pp
2024 · 177.9%
Net result
€1.1m▲ 7.4%
2024 · €1.0m
Working capital
€1.3m
2024 · -€1.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€577,001▲ 3.9%€635,668▲ 10.2%€756,724▲ 19.0%€855,015▲ 13.0%€733,400▼ 14.2%
Operating result€600,087▼ 6.8%€1.1m▲ 89.3%€1.3m▲ 15.0%€1.5m▲ 16.5%€1.6m▲ 4.9%
Net result€381,856above the sector's middle half▼ 67.9%€3.3mabove the sector's middle half▲ 761%€4.1mabove the sector's middle half▲ 25.9%€1.0mabove the sector's middle half▼ 75.2%€1.1mabove the sector's middle half▲ 7.4%
EBIT margin104.0%▼ 12.0pp178.7%▲ 74.7pp172.7%▼ 6.0pp177.9%▲ 5.3pp217.7%▲ 39.8pp
Equity€4.3mabove the sector's middle half▲ 9.9%€4.1mabove the sector's middle half▼ 3.3%€6.2mabove the sector's middle half▲ 52.1%€3.1mabove the sector's middle half▼ 50.3%€4.2mwithin the sector's middle half▲ 35.5%
Total assets€11.4mabove the sector's middle half▲ 45.1%€10.4mabove the sector's middle half▼ 9.0%€13.6mabove the sector's middle half▲ 31.0%€11.2mabove the sector's middle half▼ 17.9%€11.4mabove the sector's middle half▲ 1.8%
Debt€7.2m▲ 79.0%€6.3m▼ 12.4%€7.4m▲ 17.3%€8.1m▲ 9.5%€7.2m▼ 11.1%
Working capital-€731,298▼ 932%-€1.1m▼ 47.5%€789,768-€1.3m€1.3m
Solvency37.1%within the sector's middle half▼ 11.9pp39.5%within the sector's middle half▲ 2.3pp45.8%within the sector's middle half▲ 6.3pp27.7%within the sector's middle half▼ 18.1pp36.8%within the sector's middle half▲ 9.2pp
Staff (FTE)1.2within the sector's middle half▲ 20.0%2within the sector's middle half▲ 66.7%2within the sector's middle half=2within the sector's middle half=2within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.4m
Fixed assets
€8.2m ▼ 2.5%
Current assets
€3.2m ▲ 14.9%
Equity and liabilities €11.4m
Equity
€4.2m ▲ 35.5%
Debt
€7.2m ▼ 11.1%
Debt's share of the balance-sheet total falls from 72.3% to 63.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.9m▲
2024 · €1.8m
Cash flow
€1.4m▲
2024 · €1.3m
Current ratio
1.71▲
2024 · 0.68
Debt to equity
1.71▼
2024 · 2.61
ROE
26.2%▼
2024 · 33.0%
ROA
9.6%▲
2024 · 9.1%
Interest coverage
9.89▼
2024 · 12.76
Debt ≤ 1 year
€1.9m▼
2024 · €4.1m
Debt > 1 year
€5.1m▲
2024 · €3.8m
Income taxes
€380,234▲
2024 · €365,545
Staff costs
€111,669▲
2024 · €105,133
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €2.0m | €2.3m | €2.5m | €2.6m | ▲ 2.3% |
| Turnover70 | €577,001 | €635,668 | €756,724 | €855,015 | €733,400 | ▼ 14.2% |
| Other operating income74 | - | €1.4m | €1.5m | €1.6m | €1.8m | ▲ 10.9% |
| Operating charges60/66A | - | €871,505 | €989,780 | €973,557 | €954,593 | ▼ 1.9% |
| Services and other goods61 | - | €409,998 | €478,546 | €430,039 | €391,157 | ▼ 9.0% |
| Remuneration, social security and pensions62 | - | €79,383 | €95,868 | €105,133 | €111,669 | ▲ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €267,453 | €288,616 | €289,827 | €296,474 | €308,074 | ▲ 3.9% |
| Other operating charges640/8 | - | €93,508 | €125,539 | €141,912 | €143,692 | ▲ 1.3% |
| Operating profit (loss)9901 | €600,087 | €1.1m | €1.3m | €1.5m | €1.6m | ▲ 4.9% |
| Financial income75/76B | - | €2.5m | €3.3m | €12,018 | €77,122 | ▲ 542% |
| Recurring financial income75 | €819 | €2.5m | €3.2m | €12,018 | €77,122 | ▲ 542% |
| Income from financial fixed assets750 | - | €2.5m | €3.2m | €0 | - | - |
| Income from current assets751 | - | - | €2,165 | €0 | €48,561 | - |
| Other financial income752/9 | - | €0 | €310 | €12,018 | €28,561 | ▲ 138% |
| Non-recurring financial income76B | - | - | €96,640 | €0 | - | - |
| Financial charges65/66B | - | €64,023 | €144,828 | €142,961 | €193,137 | ▲ 35.1% |
| Recurring financial charges65 | €83,518 | €64,023 | €73,025 | €142,961 | €193,137 | ▲ 35.1% |
| Debt charges650 | €81,068 | €63,645 | €72,530 | €142,486 | €192,539 | ▲ 35.1% |
| Other financial charges652/9 | - | €378 | €495 | €475 | €598 | ▲ 25.8% |
| Non-recurring financial charges66B | - | - | €71,803 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €517,388 | €3.6m | €4.4m | €1.4m | €1.5m | ▲ 6.5% |
| Income taxes67/77 | €135,532 | €285,385 | €306,849 | €365,545 | €380,234 | ▲ 4.0% |
| Taxes670/3 | - | €285,385 | €306,849 | €365,545 | €380,234 | ▲ 4.0% |
| Profit (loss) for the period9904 | €381,856 | €3.3m | €4.1m | €1.0m | €1.1m | ▲ 7.4% |
| Transfer from tax-exempt reserves789 | - | €77,500 | €46,500 | €67,360 | €84,200 | ▲ 25.0% |
| Transfer to tax-exempt reserves689 | - | €0 | €968,300 | €294,700 | €424,827 | ▲ 44.2% |
| Profit (loss) for the period to be appropriated9905 | €230,296 | €3.4m | €3.2m | €797,653 | €759,901 | ▼ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.4m | €10.4m | €13.6m | €11.2m | €11.4m | ▲ 1.8% |
| Fixed assets21/28 | €9.2m | €8.9m | €8.6m | €8.4m | €8.2m | ▼ 2.5% |
| Tangible fixed assets22/27 | €6.4m | €6.2m | €5.9m | €5.7m | €5.5m | ▼ 3.7% |
| Land and buildings22 | - | €6.2m | €5.9m | €5.6m | €5.3m | ▼ 5.0% |
| Plant, machinery and equipment23 | - | - | - | - | €3,582 | - |
| Furniture and vehicles24 | - | €15,370 | €5,766 | €73,935 | €139,611 | ▲ 88.8% |
| Financial fixed assets28 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Affiliated companies280/1 | - | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Participating interests280 | - | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Other financial fixed assets284/8 | - | €517 | €517 | €517 | €517 | = |
| Amounts receivable and cash guarantees285/8 | - | €517 | €517 | €517 | €517 | = |
| Current assets29/58 | €2.3m | €1.5m | €5.0m | €2.8m | €3.2m | ▲ 14.9% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €1.3m | €499,218 | €508,896 | €291,690 | €255,931 | ▼ 12.3% |
| Trade receivables40 | - | €144,871 | €214,762 | €288,203 | €255,931 | ▼ 11.2% |
| Other amounts receivable41 | - | €354,347 | €294,133 | €3,486 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | - | €2.5m | - |
| Other investments51/53 | - | - | - | - | €2.5m | - |
| Cash at bank and in hand54/58 | €944,325 | €961,873 | €4.5m | €2.4m | €380,925 | ▼ 84.1% |
| Deferred charges and accrued income490/1 | - | €17,618 | €30,043 | €100,562 | €71,637 | ▼ 28.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.4m | €10.4m | €13.6m | €11.2m | €11.4m | ▲ 1.8% |
| Equity10/15 | €4.3m | €4.1m | €6.2m | €3.1m | €4.2m | ▲ 35.5% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €656,136 | €656,136 | €1.6m | €1.9m | €2.3m | ▲ 22.1% |
| Non-distributable reserves130/1 | - | €74,500 | €74,500 | €74,500 | €74,500 | = |
| Legal reserve130 | - | €74,500 | €74,500 | €74,500 | €74,500 | = |
| Tax-exempt reserves132 | - | €198,060 | €1.1m | €1.3m | €1.7m | ▲ 25.3% |
| Distributable reserves133 | - | €383,576 | €430,076 | €497,436 | €581,636 | ▲ 16.9% |
| Profit (loss) carried forward14 | €3.5m | €3.4m | €4.6m | €1.1m | €1.8m | ▲ 60.3% |
| Amounts payable17/49 | €7.2m | €6.3m | €7.4m | €8.1m | €7.2m | ▼ 11.1% |
| Amounts payable after more than one year17 | €4.0m | €3.6m | €3.0m | €3.8m | €5.1m | ▲ 34.9% |
| Financial debts170/4 | - | €2.2m | €1.7m | €1.4m | €1.2m | ▼ 16.9% |
| Credit institutions173 | - | €2.2m | €1.7m | €1.4m | €1.2m | ▼ 16.9% |
| Other amounts payable178/9 | - | €1.5m | €1.3m | €2.4m | €3.9m | ▲ 66.1% |
| Amounts payable within one year42/48 | €3.0m | €2.6m | €4.2m | €4.1m | €1.9m | ▼ 54.4% |
| Current portion of amounts payable after more than one year42 | - | €450,000 | €450,000 | €280,000 | €240,000 | ▼ 14.3% |
| Trade debts44 | €11,081 | €5,091 | €9,515 | €18,688 | €13,947 | ▼ 25.4% |
| Suppliers440/4 | - | €5,091 | €9,515 | €18,688 | €13,947 | ▼ 25.4% |
| Taxes, remuneration and social security45 | - | €206,847 | €22,520 | €205,327 | €49,645 | ▼ 75.8% |
| Taxes450/3 | - | €194,766 | €13,173 | €191,310 | €34,024 | ▼ 82.2% |
| Remuneration and social security454/9 | - | €12,082 | €9,347 | €14,017 | €15,620 | ▲ 11.4% |
| Other amounts payable47/48 | - | €1.9m | €3.7m | €3.6m | €1.6m | ▼ 56.5% |
| Accrued charges and deferred income492/3 | - | €100,098 | €116,727 | €222,956 | €245,733 | ▲ 10.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €381,856 | €3.3m | €4.1m | €1.0m | €1.1m | ▲ 7.4% |
| + Depreciation and write-downs630 | €267,453 | €288,616 | €289,827 | €296,474 | €308,074 | ▲ 3.9% |
| Operating cash flow (approximation) | €649,309 | €3.6m | €4.4m | €1.3m | €1.4m | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | -€65,000 | €22,967 | -€84,399 | -€97,089 | ▼ 15.0% |
| Change in cash | - | €17,548 | €3.5m | -€2.1m | -€2.0m | ▲ 3.0% |
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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Liquidity triplescurrent ratio 1.71
Current ratio from 0.68 to 1.71; short-term debt falls from €4.1m to €1.9m.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
30-06
Financial
Highest result since 2019net €4.1m ▲25.9%
Net result €4.1m, the highest in the series.
30-06
Financial
Liquidity doublescurrent ratio 1.19
Current ratio from 0.58 to 1.19.
30-06
Financial
Equity above €5mEq €6.2m ▲52.1%
5 profitable years in a row build equity to €6.2m.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
2021
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 22 days late
2020
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Malmedy · 1 establishment unit since 1998
Ground area
8,600 m²
Building footprint
3,490 m²
Volume, LiDAR
18,228 m³
Parcel 63049F0345/00R006, Wallonia · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Avenue du Pont de Warche 5, 4960 Malmedy
since 19982.087.261.737
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63049F0345/00R006 | Wallonia | 8,600 m² | 1 · 3,490 m² | 11.0 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 30-06-2025 of DECOGES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 12,717 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
Founded03-07-1997
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461025756
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.