DECONINCK
ActiveSummary
DECONINCK has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.46M and a net result of €232k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 9624 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+4
Solvency70▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.18 against 1.92 in 2023; short-term debt: 16.7% and cash: 12.7% of total assets), but 55.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
44.9%
Return on assets
7.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
72 d late
2022
28 d late
2021
29 d late
2020
2 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.46M▲ 14.9%
2023 · €1.27M
Total assets
€3.24M▲ 1.4%
2023 · €3.20M
Net result
€232k▲ 78.2%
2023 · €130k
Working capital
€637k▲ 36.5%
2023 · €467k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€145k▼ 18.5%€864k▲ 495%€238k▼ 72.5%€238k=€393k▲ 65.2%
Net result€64k▼ 28.2%€586k▲ 811%€128k▼ 78.2%€130k▲ 2.1%€232k▲ 78.2%
Equity€576k▲ 12.6%€1.01M▲ 75.7%€1.14M▲ 12.3%€1.27M▲ 11.5%€1.46M▲ 14.9%
Total assets€2.99M▲ 10.5%€3.54M▲ 18.2%€3.32M▼ 6.1%€3.20M▼ 3.9%€3.24M▲ 1.4%
Debt€2.42M▲ 10.0%€2.53M▲ 4.5%€2.19M▼ 13.5%€1.93M▼ 11.8%€1.78M▼ 7.5%
Working capital€527k▲ 45.4%€442k▼ 16.1%€407k▼ 7.9%€467k▲ 14.7%€637k▲ 36.5%
Staff (FTE)3.8▼ 20.8%3.8=3.9▲ 2.6%3.5▼ 10.3%4.6▲ 31.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 65% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.24M
Fixed assets
€2.06M ▼ 7.3%
Current assets
€1.18M ▲ 21.2%
Equity and liabilities €3.24M
Equity
€1.46M ▲ 14.9%
Debt
€1.78M ▼ 7.5%
Debt's share of the balance-sheet total falls from 60.4% to 55.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€573k▲
2023 · €410k
Cash flow
€412k▲
2023 · €303k
Current ratio
2.18▲
2023 · 1.92
Quick ratio
1.21▲
2023 · 0.88
Debt to equity
1.23▼
2023 · 1.52
ROE
15.9%▲
2023 · 10.3%
ROA
7.2%▲
2023 · 4.1%
Interest coverage
10.20▲
2023 · 7.50
Debt ≤ 1 year
€541k▲
2023 · €505k
Debt > 1 year
€1.24M▼
2023 · €1.42M
Income taxes
€110k▲
2023 · €55k
Staff costs
€299k▲
2023 · €180k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €592k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €165k | €182k | €180k | €299k | ▲ 66.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €165k | €169k | €157k | €172k | €180k | ▲ 4.3% |
| Other operating charges640/8 | - | €13k | €6k | €25k | €10k | ▼ 58.8% |
| Gross operating margin9900 | €617k | €1.21M | €584k | €615k | €882k | ▲ 43.4% |
| Operating profit (loss)9901 | €145k | €864k | €238k | €238k | €393k | ▲ 65.2% |
| Financial income75/76B | - | €2k | €2k | €2k | €5k | ▲ 122% |
| Recurring financial income75 | €3k | €2k | €2k | €2k | €5k | ▲ 122% |
| Financial charges65/66B | - | €69k | €68k | €55k | €56k | ▲ 2.7% |
| Recurring financial charges65 | €66k | €69k | €68k | €55k | €56k | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €82k | €797k | €172k | €185k | €342k | ▲ 84.3% |
| Income taxes67/77 | €18k | €212k | €45k | €55k | €110k | ▲ 98.8% |
| Profit (loss) for the period9904 | €64k | €586k | €128k | €130k | €232k | ▲ 78.2% |
| Profit (loss) for the period to be appropriated9905 | €64k | €586k | €128k | €130k | €232k | ▲ 78.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.99M | €3.54M | €3.32M | €3.20M | €3.24M | ▲ 1.4% |
| Fixed assets21/28 | €1.97M | €2.32M | €2.30M | €2.22M | €2.06M | ▼ 7.3% |
| Tangible fixed assets22/27 | €1.97M | €2.32M | €2.30M | €2.22M | €2.06M | ▼ 7.3% |
| Land and buildings22 | - | €2.28M | €2.17M | €2.04M | €1.91M | ▼ 6.4% |
| Plant, machinery and equipment23 | - | €28k | €105k | €88k | €64k | ▼ 27.9% |
| Furniture and vehicles24 | - | €5k | €28k | €25k | €35k | ▲ 42.9% |
| Leasing and similar rights25 | - | €11k | - | €71k | €55k | ▼ 23.1% |
| Financial fixed assets28 | €259 | €259 | €259 | €259 | €259 | = |
| Current assets29/58 | €1.02M | €1.22M | €1.02M | €972k | €1.18M | ▲ 21.2% |
| Stocks and contracts in progress3 | €445k | €479k | €522k | €529k | €526k | ▼ 0.6% |
| Stocks30/36 | - | €479k | €522k | €529k | €526k | ▼ 0.6% |
| Amounts receivable within one year40/41 | €113k | €130k | €92k | €26k | €28k | ▲ 8.1% |
| Trade receivables40 | - | €7k | €29k | €14k | €13k | ▼ 7.4% |
| Other amounts receivable41 | - | €123k | €63k | €12k | €15k | ▲ 26.1% |
| Current investments50/53 | €291k | €479k | €360k | €392k | €200k | ▼ 48.9% |
| Cash at bank and in hand54/58 | €145k | €103k | €32k | €15k | €411k | ▲ 2,553% |
| Deferred charges and accrued income490/1 | - | €24k | €17k | €9k | €13k | ▲ 37.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.99M | €3.54M | €3.32M | €3.20M | €3.24M | ▲ 1.4% |
| Equity10/15 | €576k | €1.01M | €1.14M | €1.27M | €1.46M | ▲ 14.9% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €505k | €1.01M | €1.13M | €1.26M | €1.45M | ▲ 15.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €1.00M | €1.13M | €1.26M | €1.45M | ▲ 15.0% |
| Profit (loss) carried forward14 | €64k | - | - | - | - | - |
| Amounts payable17/49 | €2.42M | €2.53M | €2.19M | €1.93M | €1.78M | ▼ 7.5% |
| Amounts payable after more than one year17 | €1.91M | €1.73M | €1.55M | €1.42M | €1.24M | ▼ 13.0% |
| Financial debts170/4 | - | €1.73M | €1.55M | €1.42M | €1.24M | ▼ 13.0% |
| Amounts payable within one year42/48 | €492k | €774k | €616k | €505k | €541k | ▲ 7.1% |
| Current portion of amounts payable after more than one year42 | - | €183k | €183k | €183k | €234k | ▲ 28.4% |
| Financial debts43 | - | €135k | €102k | €50k | €36k | ▼ 28.2% |
| Credit institutions430/8 | - | €135k | €102k | €50k | €36k | ▼ 28.2% |
| Trade debts44 | €112k | €107k | €144k | €195k | €175k | ▼ 10.4% |
| Suppliers440/4 | - | €107k | €144k | €195k | €175k | ▼ 10.4% |
| Taxes, remuneration and social security45 | - | €203k | €186k | €78k | €96k | ▲ 23.5% |
| Taxes450/3 | - | €162k | €146k | €43k | €66k | ▲ 53.1% |
| Remuneration and social security454/9 | - | €40k | €41k | €35k | €30k | ▼ 13.3% |
| Other amounts payable47/48 | - | €146k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €23k | €22k | €34 | €4k | ▲ 11,322% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €586k | €128k | €130k | €232k | ▲ 78.2% |
| + Depreciation and write-downs630 | €165k | €169k | €157k | €172k | €180k | ▲ 4.3% |
| Operating cash flow (approximation) | €229k | €755k | €285k | €303k | €412k | ▲ 36.1% |
| Investment in fixed assets (approximation) | - | €-518k | €-134k | €-94k | €-18k | ▲ 80.9% |
| Change in cash | - | €-42k | €-72k | €-16k | €395k | ▲ 2,520% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 72 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €586k ▲811%
Operating result €864k, net result €586k, both a record.
31-12
Financial
Equity above €1MEq €1.01M ▲75.7%
4 profitable years in a row build equity to €1.01M.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €64k ▼28.2%
Net result drops to €64k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €511k ▲21.2%
2 profitable years in a row build equity to €511k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Torhout · 2 establishment units since 2001
Ground area
4,022 m²
Building footprint
1,411 m²
Volume, LiDAR
630 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Rijselstraat 11, 8820 Torhout
since 20012.097.724.275
Bril Art
since 20102.185.698.921
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0105/00W000 | Flanders | 2,537 m² | 1 · 1,351 m² | 10.3 m |
| 31033K0049/00V000 | Flanders | 1,485 m² | 1 · 59 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,732 companies in sector 47742 we hold annual accounts for 1,137. 528 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
Founded26-10-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
Contact
E-mail
bvbadeconinck@hotmail.comKortrijk
Phone
050/ 22 20 66Kortrijk
Scores and ratios are computed by Checked and are not a credit decision.