Decontex Benelux
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 59 days after the deadline Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00527926.
Annual accounts 2025 filed on 28-09-2026 at the NBB all 6 filings
Turnover
≈ €960,000
Estimated: probably between €880,000 and €1.6m
EBIT margin
Not included in this filing
Net result
€47,479
2024 · -€60,743
Working capital
-€49,333▲ 63.5%
2024 · -€135,324
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€72,862
2025
20202025
Net result
€47,479
2025
middle half of the sector
20202025
Equity
€465,187
▲ 11.4%
2025
middle half of the sector
20202025
Total assets
€1.2m
▲ 6.7%
2025
middle half of the sector
20202025
Debt
€748,231
▲ 4.0%
2025
20202025
Working capital
-€49,333
▲ 63.5%
2025
lowest quarter of the sector
20202025
Solvency
38.3%
▲ 1.6pp
2025
middle half of the sector
20202025
Current ratio
0.92
▲ 0.18
2025
middle half of the sector
20202025
Return on assets (ROA)
3.9%
▲ 9.3pp
2025
middle half of the sector
20202025
Staff (FTE)
12.4
▲ 1.6%
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result-€0.6m--€0.4m▲ 26.1%-€0.6m▼ 30.9%-€0.2m▲ 59.2%-€0.04m▲ 83.4%€0.07m
Net result-€0.6mbelow the sector's middle half--€0.4mbelow the sector's middle half▲ 27.3%-€0.6mbelow the sector's middle half▼ 32.1%-€0.2mbelow the sector's middle half▲ 58.5%-€0.06mbelow the sector's middle half▲ 74.9%€0.05mwithin the sector's middle half
Equity€0.01mbelow the sector's middle half--€0.4mbelow the sector's middle half-€1.0mbelow the sector's middle half▼ 154%€0.2mwithin the sector's middle half€0.4mwithin the sector's middle half▲ 126%€0.5mwithin the sector's middle half▲ 11.4%
Total assets€1.4mabove the sector's middle half-€1.3mwithin the sector's middle half▼ 5.8%€1.2mwithin the sector's middle half▼ 7.5%€1.3mwithin the sector's middle half▲ 11.3%€1.1mwithin the sector's middle half▼ 13.6%€1.2mwithin the sector's middle half▲ 6.7%
Debt€1.3m-€1.7m▲ 23.3%€2.1m▲ 29.4%€1.1m▼ 47.3%€0.7m▼ 36.4%€0.7m▲ 4.0%
Working capital-€0.6mbelow the sector's middle half--€0.6mbelow the sector's middle half▼ 11.7%-€1.5mbelow the sector's middle half▼ 138%-€0.4mbelow the sector's middle half▲ 75.6%-€0.1mbelow the sector's middle half▲ 62.8%-€0.05mbelow the sector's middle half▲ 63.5%
Solvency0.9%below the sector's middle half--29.7%below the sector's middle half▼ 30.6pp-81.5%below the sector's middle half▼ 51.8pp14.0%below the sector's middle half▲ 95.6pp36.7%within the sector's middle half▲ 22.7pp38.3%within the sector's middle half▲ 1.6pp
Current ratio0.37below the sector's middle half-0.36below the sector's middle half▼ 0.010.19below the sector's middle half▼ 0.170.60below the sector's middle half▲ 0.410.74below the sector's middle half▲ 0.140.92within the sector's middle half▲ 0.18
Return on assets (ROA)-44.8%below the sector's middle half--34.6%below the sector's middle half▲ 10.2pp-49.4%below the sector's middle half▼ 14.8pp-18.4%below the sector's middle half▲ 31.0pp-5.3%below the sector's middle half▲ 13.1pp3.9%within the sector's middle half▲ 9.3pp
Staff (FTE)6.2within the sector's middle half-9within the sector's middle half▲ 45.2%11.6within the sector's middle half▲ 28.9%10.3within the sector's middle half▼ 11.2%12.2within the sector's middle half▲ 18.4%12.4within the sector's middle half▲ 1.6%
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). 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 a profit of €72,862, after a loss of €38,019 in 2024. It is the highest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€631,278 ▼ 16.5%
Current assets
€582,140 ▲ 52.7%
Equity and liabilities €1.2m
Equity
€465,187 ▲ 11.4%
Debt
€748,231 ▲ 4.0%
Debt's share of the balance-sheet total falls from 63.3% to 61.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€209,550▲
2024 · €88,541
Cash flow
€184,167▲
2024 · €65,817
Quick ratio
0.87▲
2024 · 0.69
Debt to equity
1.61▼
2024 · 1.72
ROE
10.2%▲
2024 · -14.5%
Interest coverage
8.21▲
2024 · 4.12
Debt ≤ 1 year
€631,473▲
2024 · €516,613
Debt > 1 year
€96,132▼
2024 · €196,163
Income taxes
€267▼
2024 · €1,863
Staff costs
€615,421▼
2024 · €678,061
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 13 | 10 | 13 | 13 |
| full-time | 9 | 9 | 7 | 11 | 11 |
| part-time | 1 | 4 | 3 | 2 | 2 |
| in full-time equivalents | 9.8 | 11.8 | 9.4 | 12.6 | 12.6 |
| Average over the year, in full-time equivalents | 9 | 11.6 | 10.3 | 12.2 | 12.4 |
| On a permanent contract | 10 | 12 | 10 | 11 | 9 |
| Joined | 7 | 26 | 6 | 22 | 13 |
| Left | 4 | 23 | 9 | 19 | 13 |
| Training hours | 8 | 8 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €27,000 | - | - | - | - |
| Debts guaranteed by Belgian public bodies | €432,000 | €432,000 | €432,000 | €432,000 | - |
| Pledge on the business | €633,600 | €633,600 | €783,600 | €783,600 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,103 | €25,119 | €16,461 | €114,636 | €19,369 |
| Financial fixed assets | - | - | €41,621 | - | - |
| Depreciation and write-downs of the year | €118,121 | €120,451 | €120,201 | €126,559 | €136,688 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €31,461 awarded · €31,461 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €7,543 | €7,543 |
| 2024 | 2 | €8,010 | €8,010 |
| 2023 | 1 | €6,705 | €6,705 |
| 2022 | 1 | €9,203 | €9,203 |
Public contracts
1 award · 2023
Raamovereenkomst (2 jaar + 2 mogelijke verlengingen van elk 1 jaar) service brandinterventiekledij: Raamovereenkomst (2 jaar) service interventiekledij
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €32,630 | €2,903 | - | - | - |
| Remuneration, social security and pensions62 | - | €428,783 | €621,961 | €539,819 | €678,061 | €615,421 | ▼ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €118,610 | €118,121 | €120,451 | €120,201 | €126,559 | €136,688 | ▲ 8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,432 | - | -€3,432 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€1,250 | - | - | - |
| Other operating charges640/8 | - | €1,070 | €4,797 | €3,121 | €9,275 | - | - |
| Non-recurring operating charges66A | - | - | €6,942 | - | - | €13,111 | - |
| Gross operating margin9900 | -€87,702 | €119,979 | €197,425 | €433,384 | €772,445 | €838,082 | ▲ 8.5% |
| Operating profit (loss)9901 | -€579,255 | -€427,995 | -€560,159 | -€228,507 | -€38,019 | €72,862 | - |
| Financial income75/76B | - | €2,220 | €2,547 | €10,371 | €634 | €394 | ▼ 37.8% |
| Recurring financial income75 | €16,181 | €2,220 | €2,547 | €5 | €634 | €394 | ▼ 37.8% |
| Non-recurring financial income76B | - | - | - | €10,366 | - | - | - |
| Financial charges65/66B | - | €16,197 | €25,273 | €23,418 | €21,495 | €25,511 | ▲ 18.7% |
| Recurring financial charges65 | €45,107 | €16,197 | €25,273 | €20,281 | €21,495 | €25,511 | ▲ 18.7% |
| Non-recurring financial charges66B | - | - | - | €3,137 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€608,180 | -€441,973 | -€582,884 | -€241,555 | -€58,879 | €47,746 | - |
| Income taxes67/77 | - | - | €925 | €678 | €1,863 | €267 | ▼ 85.7% |
| Profit (loss) for the period9904 | -€608,180 | -€441,973 | -€583,809 | -€242,233 | -€60,743 | €47,479 | - |
| Profit (loss) for the period to be appropriated9905 | -€608,180 | -€441,973 | -€583,809 | -€242,233 | -€60,743 | €47,479 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.4m | €1.3m | €1.2m | €1.3m | €1.1m | €1.2m | ▲ 6.7% |
| Fixed assets21/28 | €1.0m | €0.9m | €0.8m | €0.8m | €0.8m | €0.6m | ▼ 16.5% |
| Intangible fixed assets21 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.09m | ▼ 21.8% |
| Tangible fixed assets22/27 | €0.8m | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | ▼ 16.6% |
| Plant, machinery and equipment23 | - | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 16.5% |
| Furniture and vehicles24 | - | €0.008m | €0.003m | €0.001m | €0.02m | €0.007m | ▼ 64.2% |
| Leasing and similar rights25 | - | - | - | - | €0.08m | €0.07m | ▼ 6.7% |
| Other tangible fixed assets26 | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 16.2% |
| Assets under construction and advance payments27 | - | - | - | €0.002m | - | - | - |
| Financial fixed assets28 | €320 | €320 | €320 | €0.04m | €0.04m | €0.04m | = |
| Current assets29/58 | €0.3m | €0.4m | €0.4m | €0.5m | €0.4m | €0.6m | ▲ 52.7% |
| Stocks and contracts in progress3 | €0.07m | €0.04m | €0.02m | €0.03m | €0.03m | €0.04m | ▲ 38.8% |
| Stocks30/36 | - | €0.04m | €0.02m | €0.03m | €0.03m | €0.04m | ▲ 38.8% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.3m | €0.4m | €0.2m | €0.4m | ▲ 69.1% |
| Trade receivables40 | - | €0.2m | €0.3m | €0.4m | €0.2m | €0.4m | ▲ 67.2% |
| Other amounts receivable41 | - | €0.008m | €0.01m | €64 | €0.002m | €0.008m | ▲ 289% |
| Cash at bank and in hand54/58 | €0.06m | €0.05m | €0.02m | €0.2m | €0.1m | €0.08m | ▼ 21.1% |
| Deferred charges and accrued income490/1 | - | €0.01m | €0.004m | €25 | €0.03m | €0.08m | ▲ 186% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.2m | €1.3m | €1.1m | €1.2m | ▲ 6.7% |
| Equity10/15 | €0.01m | -€0.4m | -€1.0m | €0.2m | €0.4m | €0.5m | ▲ 11.4% |
| Contributions10/11 | €0.6m | €0.7m | €0.7m | €0.4m | €0.7m | €0.7m | = |
| Capital10 | - | €0.7m | €0.7m | €0.4m | €0.7m | €0.7m | = |
| Issued capital100 | - | €0.7m | €0.7m | €1.0m | €1.0m | €1.0m | = |
| Uncalled capital101 | - | - | - | €0.6m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | -€0.6m | -€1.1m | -€1.6m | -€0.2m | -€0.3m | -€0.3m | ▲ 15.7% |
| Provisions and deferred taxes16 | €0.001m | €0.001m | €0.001m | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €0.001m | €0.001m | - | - | - | - |
| Other liabilities and charges164/5 | - | €0.001m | €0.001m | - | - | - | - |
| Amounts payable17/49 | €1.3m | €1.7m | €2.1m | €1.1m | €0.7m | €0.7m | ▲ 4.0% |
| Amounts payable after more than one year17 | €0.5m | €0.7m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 51.0% |
| Financial debts170/4 | - | €0.7m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 51.0% |
| Amounts payable within one year42/48 | €0.9m | €1.0m | €1.8m | €0.9m | €0.5m | €0.6m | ▲ 22.2% |
| Current portion of amounts payable after more than one year42 | - | €0.08m | €0.4m | €0.08m | €0.2m | €0.2m | ▼ 1.0% |
| Financial debts43 | - | €0.1m | €0.08m | €0.1m | €444 | - | - |
| Credit institutions430/8 | - | €0.1m | €0.08m | €0.1m | €444 | - | - |
| Trade debts44 | €0.6m | €0.6m | €1.1m | €0.6m | €0.2m | €0.3m | ▲ 66.1% |
| Suppliers440/4 | - | €0.6m | €1.1m | €0.6m | €0.2m | €0.3m | ▲ 66.1% |
| Advances received on contracts in progress46 | - | €0.09m | €0.06m | - | - | - | - |
| Taxes, remuneration and social security45 | - | €0.08m | €0.2m | €0.1m | €0.1m | €0.09m | ▼ 3.4% |
| Taxes450/3 | - | €0.007m | €0.06m | €0.009m | €0.009m | €0.01m | ▲ 17.3% |
| Remuneration and social security454/9 | - | €0.07m | €0.2m | €0.1m | €0.09m | €0.08m | ▼ 5.6% |
| Other amounts payable47/48 | - | - | €218 | - | €0.001m | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.004m | €402 | €0.007m | €0.02m | ▲ 204% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€608,180 | -€441,973 | -€583,809 | -€242,233 | -€60,743 | €47,479 | - |
| + Depreciation and write-downs630 | €118,610 | €118,121 | €120,451 | €120,201 | €126,559 | €136,688 | ▲ 8.0% |
| Operating cash flow (approximation) | -€489,570 | -€323,851 | -€463,358 | -€122,031 | €65,817 | €184,167 | ▲ 180% |
| Investment in fixed assets (approximation) | - | -€13,103 | -€25,119 | -€58,082 | -€114,481 | -€11,986 | ▲ 89.5% |
| Change in cash | - | -€3,896 | -€33,366 | €148,787 | -€74,732 | -€20,118 | ▲ 73.1% |
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, 1,639 companies had the same profile as Decontex Benelux has now. Two years later, 95.5% were still going and 0.5% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.5%
was still going
3.7%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Decontex Benelux itself is higher: 1.3% within 12 months. It rests on far more data about Decontex Benelux than the profile alone.
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 1,639 companies, not a prediction for Decontex Benelux. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 28-09-2026 | 2026-00527926 | |
| 31-12-2024 | abbreviated format | 09-10-2025 | 2025-00537587 | |
| 31-12-2023 | abbreviated format | 10-04-2024 | 2024-00061526 | |
| 31-12-2022 | abbreviated format | 06-07-2023 | 2023-00216325 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20388641 | |
| 31-12-2020 | abbreviated format | 23-07-2021 | 2021-39500507 |