DECOMAT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 5 days after the deadline Filed on 5 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00382434.
Annual accounts 2025 filed on 05-08-2026 at the NBB all 29 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €400,000
Estimated: probably between €250,000 and €610,000
Total assets
€2.4m▼ 2.7%
2024 · €2.5m
Net result
€5,261▲ 79.5%
2024 · €2,931
Working capital
-€191,588▼ 3.5%
2024 · -€185,118
In the rankings
#3 company by total assets in Lede, Administrative and support services sector#4 company by equity in Lede, Administrative and support services sector#7 oldest company in Lede, Administrative and support services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€30,161
▼ 15.0%
2025
20182025
Net result
€5,261
▲ 79.5%
2025
middle half of the sector
20182025
Equity
€672,899
▲ 0.8%
2025
highest quarter of the sector
20182025
Total assets
€2.4m
▼ 2.7%
2025
highest quarter of the sector
20182025
Debt
€1.7m
▼ 3.9%
2025
20182025
Working capital
-€191,588
▼ 3.5%
2025
lowest quarter of the sector
20182025
Solvency
28.1%
▲ 1.0pp
2025
middle half of the sector
20182025
Current ratio
0.21
=
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
0.2%
▲ 0.1pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.04m▲ 39.0%€0.03m▼ 29.7%€0.003m▼ 90.3%€0.008m▲ 172%€0.03m▲ 213%€0.04m▲ 38.0%€0.03m▼ 15.0%
Net result€0.002m-€0.009m▲ 426%€0.001mwithin the sector's middle half▼ 93.6%-€0.02mbelow the sector's middle half-€0.02mbelow the sector's middle half▲ 21.5%€240within the sector's middle half€0.003mwithin the sector's middle half▲ 12×€0.005mwithin the sector's middle half▲ 79.5%
Equity€0.7m-€0.7m▲ 1.3%€0.7mabove the sector's middle half▲ 0.1%€0.7mabove the sector's middle half▼ 3.2%€0.7mabove the sector's middle half▼ 2.6%€0.7mabove the sector's middle half=€0.7mabove the sector's middle half▲ 0.4%€0.7mabove the sector's middle half▲ 0.8%
Total assets€3.0m-€3.0m▼ 2.2%€2.8mabove the sector's middle half▼ 6.7%€2.7mabove the sector's middle half▼ 3.8%€2.6mabove the sector's middle half▼ 3.7%€2.5mabove the sector's middle half▼ 1.5%€2.5mabove the sector's middle half▼ 2.2%€2.4mabove the sector's middle half▼ 2.7%
Debt€2.3m-€2.3m▼ 3.3%€2.1m▼ 8.8%€2.0m▼ 4.0%€1.9m▼ 4.0%€1.9m▼ 2.0%€1.8m▼ 3.2%€1.7m▼ 3.9%
Working capital-€0.1m--€0.1m▼ 17.3%-€0.07mbelow the sector's middle half▲ 44.2%-€0.1mbelow the sector's middle half▼ 59.1%-€0.1mbelow the sector's middle half▼ 26.5%-€0.2mbelow the sector's middle half▼ 6.0%-€0.2mbelow the sector's middle half▼ 18.9%-€0.2mbelow the sector's middle half▼ 3.5%
Solvency23.0%-23.8%▲ 0.8pp25.6%within the sector's middle half▲ 1.7pp25.7%within the sector's middle half▲ 0.1pp26.0%within the sector's middle half▲ 0.3pp26.4%within the sector's middle half▲ 0.4pp27.1%within the sector's middle half▲ 0.7pp28.1%within the sector's middle half▲ 1.0pp
Current ratio0.21-0.14▼ 0.070.53below the sector's middle half▲ 0.380.29below the sector's middle half▼ 0.230.13below the sector's middle half▼ 0.160.27below the sector's middle half▲ 0.140.21below the sector's middle half▼ 0.060.21below the sector's middle half=
Return on assets (ROA)0.1%-0.3%▲ 0.2pp0.0%below the sector's middle half▼ 0.3pp-0.9%below the sector's middle half▼ 0.9pp-0.7%below the sector's middle half▲ 0.2pp0.0%below the sector's middle half▲ 0.7pp0.1%within the sector's middle half▲ 0.1pp0.2%below the sector's middle half▲ 0.1pp
above
within
below
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 15% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.3m ▼ 2.8%
Current assets
€52,004 ▲ 6.0%
Equity and liabilities €2.4m
Equity
€672,899 ▲ 0.8%
Debt
€1.7m ▼ 3.9%
Debt's share of the balance-sheet total falls from 72.9% to 71.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€98,430▲
2024 · €83,067
Cash flow
€73,531▲
2024 · €50,527
Debt to equity
2.56▼
2024 · 2.69
ROE
0.8%▲
2024 · 0.4%
Interest coverage
4.15▲
2024 · 2.96
Debt ≤ 1 year
€243,592▲
2024 · €234,163
Debt > 1 year
€1.5m▼
2024 · €1.6m
Income taxes
€1,161▼
2024 · €4,500
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €117,763 |
| Depreciation and write-downs of the year | €70,886 | €70,927 | €73,453 | €47,596 | €68,270 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €620 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,456 | €71,137 | €71,333 | €70,886 | €70,927 | €73,453 | €47,596 | €68,270 | ▲ 43.4% |
| Other operating charges640/8 | - | - | - | €19,616 | €24,318 | €18,675 | €22,377 | €27,388 | ▲ 22.4% |
| Non-recurring operating charges66A | - | - | - | €3,446 | €3,446 | €3,446 | - | - | - |
| Gross operating margin9900 | €65,119 | €126,478 | €119,186 | €96,970 | €106,900 | €121,279 | €105,444 | €125,818 | ▲ 19.3% |
| Operating profit (loss)9901 | €31,866 | €44,280 | €31,150 | €3,023 | €8,208 | €25,704 | €35,471 | €30,161 | ▼ 15.0% |
| Financial income75/76B | - | - | - | €0 | - | €0 | - | €0 | - |
| Recurring financial income75 | €1,144 | - | - | €0 | - | €0 | - | €0 | - |
| Financial charges65/66B | - | - | - | €24,302 | €22,610 | €26,304 | €28,040 | €23,739 | ▼ 15.3% |
| Recurring financial charges65 | €29,294 | €28,378 | €26,055 | €24,302 | €22,610 | €26,304 | €28,040 | €23,739 | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €3,716 | €15,901 | €7,067 | -€21,280 | -€14,402 | -€599 | €7,431 | €6,422 | ▼ 13.6% |
| Income taxes67/77 | €2,050 | €7,136 | €6,507 | €1,455 | €3,435 | -€839 | €4,500 | €1,161 | ▼ 74.2% |
| Profit (loss) for the period9904 | €1,666 | €8,765 | €560 | -€22,734 | -€17,837 | €240 | €2,931 | €5,261 | ▲ 79.5% |
| Profit (loss) for the period to be appropriated9905 | €1,666 | €8,765 | €560 | -€22,734 | -€17,837 | €240 | €2,931 | €5,261 | ▲ 79.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.0m | €3.0m | €2.8m | €2.7m | €2.6m | €2.5m | €2.5m | €2.4m | ▼ 2.7% |
| Fixed assets21/28 | €3.0m | €2.9m | €2.7m | €2.6m | €2.5m | €2.5m | €2.4m | €2.3m | ▼ 2.8% |
| Tangible fixed assets22/27 | €3.0m | €2.9m | €2.7m | €2.6m | €2.5m | €2.5m | €2.4m | €2.3m | ▼ 2.8% |
| Land and buildings22 | - | - | - | €2.6m | €2.5m | €2.5m | €2.4m | €2.3m | ▼ 2.8% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.004m | - | - | - | - |
| Current assets29/58 | €0.03m | €0.02m | €0.08m | €0.05m | €0.02m | €0.06m | €0.05m | €0.05m | ▲ 6.0% |
| Amounts receivable within one year40/41 | €0.02m | €0.009m | €0.004m | €0.005m | €0.005m | €0.04m | €0.05m | €0.04m | ▼ 9.1% |
| Trade receivables40 | - | - | - | - | - | €0.01m | €0.007m | €0.004m | ▼ 44.0% |
| Other amounts receivable41 | - | - | - | €0.005m | €0.005m | €0.03m | €0.04m | €0.04m | ▼ 2.7% |
| Current investments50/53 | €0.007m | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.001m | €0.001m | €0.05m | €0.02m | €0.001m | €0.006m | €0.002m | €0.002m | ▲ 18.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.02m | €0.008m | €0.002m | €0.009m | ▲ 306% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.0m | €3.0m | €2.8m | €2.7m | €2.6m | €2.5m | €2.5m | €2.4m | ▼ 2.7% |
| Equity10/15 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 0.8% |
| Contributions10/11 | €0.8m | €0.8m | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | €0.01m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.001m | €0.001m | €0.001m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.1m | -€0.1m | -€0.1m | -€0.1m | -€0.1m | -€0.1m | -€0.1m | ▲ 3.7% |
| Amounts payable17/49 | €2.3m | €2.3m | €2.1m | €2.0m | €1.9m | €1.9m | €1.8m | €1.7m | ▼ 3.9% |
| Amounts payable after more than one year17 | €2.2m | €2.1m | €1.9m | €1.8m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 5.1% |
| Financial debts170/4 | - | - | - | €1.8m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 5.1% |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.08m | €0.09m | €0.08m | €0.08m | ▼ 2.9% |
| Trade debts44 | €0.009m | €0.005m | €0.004m | €0.02m | €0.004m | €0.005m | €0.001m | €53 | ▼ 91.5% |
| Suppliers440/4 | - | - | - | €0.02m | €0.004m | €0.005m | €0.001m | €53 | ▼ 91.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €368 | ▼ 50.9% |
| Taxes450/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €368 | ▼ 50.9% |
| Other amounts payable47/48 | - | - | - | €0.06m | €0.08m | €0.1m | €0.1m | €0.2m | ▲ 8.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,666 | €8,765 | €560 | -€22,734 | -€17,837 | €240 | €2,931 | €5,261 | ▲ 79.5% |
| + Depreciation and write-downs630 | €13,456 | €71,137 | €71,333 | €70,886 | €70,927 | €73,453 | €47,596 | €68,270 | ▲ 43.4% |
| Operating cash flow (approximation) | €15,122 | €79,902 | €71,893 | €48,151 | €53,090 | €73,693 | €50,527 | €73,531 | ▲ 45.5% |
| Investment in fixed assets (approximation) | - | -€11,080 | €186,480 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€717 | €48,088 | -€32,198 | -€15,532 | €4,618 | -€3,963 | €324 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as DECOMAT has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.9%
stopped otherwise
1.1%
went bankrupt
That fits the bankruptcy probability of DECOMAT itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 4,685 companies, not a prediction for DECOMAT. 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.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 05-08-2026 | 2026-00382434 | |
| 31-12-2024 | micro format | 22-09-2025 | 2025-00497608 | |
| 31-12-2023 | micro format | 16-09-2024 | 2024-00463494 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00353119 | |
| 31-12-2021 | micro format | 15-09-2022 | 2022-20429365 | |
| 31-12-2020 | micro format | 12-08-2021 | 2021-49000231 | |
| 31-12-2019 | micro format | 06-11-2020 | 2020-69100469 | |
| 31-12-2018 | micro format | 27-09-2019 | 2019-66300415 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-62300209 | |
| 31-12-2016 | micro format | 21-09-2017 | 2017-62700191 |