Debts
€72,620 87% of the balance sheet
Suppliers 45%Taxes and wages 7%Other 48%
Decolux Projects
Lifetime
6 annual accounts with figures on one time axispeak €15,154 (2021)
€14,761▲ €15,109
lowest -€13,113 (2020)
€11,199▲ €17,718
peak €10,652 (2024)
€10,652▲ €11,199
€72,620▲ 334%
Board2 names since 2019
1 directorMKRTICHYAN Grigor
Documentsfilings and deeds
30-08-202530 days late
2024micro format
Gross margin from -€347 to €14,761Back to profit: €11,199Purpose change 30-05Equity from -€546 to €10,652Debts from €16,738 to €72,620
Key points
from the 2024 annual accountsChecked score
31
Weak
Financially stronger than 47% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
12.9% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.4%
01-2025: 7.4%● unchanged vs 12-2024
02-2025: 7.4%● unchanged vs 01-2025
03-2025: 7.4%● unchanged vs 02-2025
04-2025: 7.8%▲ +0.4 percentage points vs 03-2025
05-2025: 7.9%▲ +0.1 percentage points vs 04-2025
06-2025: 14.8%▲ +6.9 percentage points vs 05-2025
07-2025: 14.6%▼ -0.2 percentage points vs 06-2025
08-2025: 15.5%▲ +0.9 percentage points vs 07-2025
09-2025: 16.7%▲ +1.2 percentage points vs 08-2025highest value
10-2025: 5.6%▼ -11.1 percentage points vs 09-2025lowest value
11-2025: 5.6%● unchanged vs 10-2025lowest value
12-2025: 5.6%● unchanged vs 11-2025lowest value
01-2026: 5.6%● unchanged vs 12-2025lowest value
02-2026: 5.6%● unchanged vs 01-2026lowest value
03-2026: 5.6%● unchanged vs 02-2026lowest value
04-2026: 5.9%▲ +0.3 percentage points vs 03-2026
05-2026: 6.5%▲ +0.6 percentage points vs 04-2026
06-2026: 6.4%▼ -0.1 percentage points vs 05-2026
07-2026: 6.4%● unchanged vs 06-2026
08-2026: 8.0%▲ +1.6 percentage points vs 07-2026
09-2026: 8.8%▲ +0.8 percentage points vs 08-2026
10-2026: 12.9%▲ +4.1 percentage points vs 09-2026
11-2026: 12.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 04-09-2025)
1 change of registered office in 24 months
1 financial year not filed after the legal deadline; last filed accounts filed 30 days late; 2 of the last 3 accounts late
Liquidity: current ratio 1.15, cash €5
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 43, micro). It does better than 16% of them on solvency, 3% on liquidity, 70% on profitability and 99% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as Decolux Projects has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Decolux Projects itself is higher: 12.9% within 12 months. It rests on far more data about Decolux Projects than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for Decolux Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Liquidity is tight, with a current ratio of 1.15 (0.94 in 2023), below the usual 1.5. Short-term debt is 87.2% and cash 0% of total assets. 87.2% of the assets are financed with debt and provisions.
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
Seven signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 35955 sector peers (2024).
NBB · sector comparisonPosition among 35955 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 6 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 30 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
30 days late
2023
70 days late
2022
55 days late
2021
54 days early
2020
24 days late
2019
24 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 25 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Resignation: Nadejda lasinscaia (director)
Appointment: Grigor Mkrtichyan (director) · General meeting of 30-06-2026 · Gazette deed
Appointment: Nadejda lasinscaia (director)
Resignation: Grigor Mkrtichyan (director) · Director discharge: Grigor Mkrtichyan · General meeting of 10-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0726812189
Registered office moved from Antwerp to Mortsel
New registered office: Van Peborghlei 52, 2640 Mortsel · Previous registered office: Kleinesteenweg 38 bus 101, 2610 Antwerpen · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Decolux Projects Mortsel | €83,273 | €14,761 | 12.8% | - |
| Kroma Antwerp | €93,672 | €16,375 | 50.3% | - |
| VANDEN C&T Heist-op-den-Berg | €75,248 | €19,429 | 26.8% | - |
| Roel bouwt in hout Kasterlee | €107,315 | €13,368 | 66.6% | - |
| MM Service Hoogstraten | €101,006 | €17,941 | 46.2% | - |
| JF RENOVATIES Schoten | €64,256 | €18,554 | 46.4% | - |
| BU-PAINT Antwerp | €110,971 | €10,195 | 39.1% | - |
These companies have the same main activity as Decolux Projects: other construction installation (NACE 43240). They are comparable in size and age: total assets between €64,300 and €111,000, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 16-05-2019Normal situation
- Activity
- Other construction installationNACE 43240and 1 other
- Establishment units
- 2.292.592.2282640 Mortsel, since 16-05-2019
- 2.373.611.7741000 Brussels, since 15-05-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 27-12-2025
Insights on Decolux Projects
Decolux Projects files the micro format. That format states no turnover. The gross margin rose from -€1,139 in 2019 to €14,761 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Decolux Projects
- What is the company number of Decolux Projects?
- The company number of Decolux Projects is 0726.812.189. The VAT number is the same number with BE in front: BE 0726.812.189.
- Where is Decolux Projects based?
- The registered office is at Van Peborghlei 52, 2640 Mortsel.Company details
- What does Decolux Projects do?
- According to the KBO register, the main activity is other construction installation (NACE 43240).
- What is the legal form of Decolux Projects?
- Decolux Projects is a private limited company (BV).
- When was Decolux Projects founded?
- Decolux Projects was founded on 16-05-2019.
- Is Decolux Projects still active?
- Yes, Decolux Projects is an active enterprise in the KBO register.
- What is the turnover of Decolux Projects?
- The turnover in financial year 2024 is ≈ €190,000. This figure is estimated from the gross margin of €14,761 and 34 comparable companies (NACE 43240). It probably lies between €85,000 and €360,000. It is a rough estimate.Financials
- Is Decolux Projects profitable?
- In financial year 2024, Decolux Projects made a profit of €11,199.
- Where can I find the annual accounts of Decolux Projects?
- Decolux Projects filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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