Summary
Decophyf is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €250,895 and a net result of €32,462. Equity is growing by about 29% per year across the filed financial years. Its solvency ranks better than 83% of 9,743 sector peers (NACE 64, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€250,895▲ 14.9%
2024 · €218,433
Net result
€32,462▼ 27.6%
2024 · €44,829
Total assets
€295,223▲ 8.2%
2024 · €272,798
Solvency
85.0%▲ 4.9pp
2024 · 80.1%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 22% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€43,890
2025
Net result€32,462
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€295,223
2025
Equity€250,895
2025
Debt€44,328
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€235,140
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)11.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency85.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio13.70
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€34,000-€6,850▼ 79.9%€51,478▲ 652%€70,149▲ 36.3%€45,742▼ 34.8%€56,514▲ 23.6%€43,890▼ 22.3%
Net result€26,232-€4,509within the sector's middle half▼ 82.8%€40,270within the sector's middle half▲ 793%€55,067within the sector's middle half▲ 36.7%€35,026within the sector's middle half▼ 36.4%€44,829within the sector's middle half▲ 28.0%€32,462within the sector's middle half▼ 27.6%
Equity€38,732-€43,241within the sector's middle half▲ 11.6%€83,510within the sector's middle half▲ 93.1%€138,578within the sector's middle half▲ 65.9%€173,604within the sector's middle half▲ 25.3%€218,433within the sector's middle half▲ 25.8%€250,895within the sector's middle half▲ 14.9%
Total assets€68,167-€71,197below the sector's middle half▲ 4.4%€102,411below the sector's middle half▲ 43.8%€156,759within the sector's middle half▲ 53.1%€175,421within the sector's middle half▲ 11.9%€272,798within the sector's middle half▲ 55.5%€295,223within the sector's middle half▲ 8.2%
Debt€29,435-€27,956▼ 5.0%€18,900▼ 32.4%€18,181▼ 3.8%€1,817▼ 90.0%€54,365▲ 30×€44,328▼ 18.5%
Working capital€32,357-€35,750within the sector's middle half▲ 10.5%€76,821within the sector's middle half▲ 115%€132,128within the sector's middle half▲ 72.0%€162,540above the sector's middle half▲ 23.0%€198,086above the sector's middle half▲ 21.9%€235,140above the sector's middle half▲ 18.7%
Solvency56.8%-60.7%within the sector's middle half▲ 3.9pp81.5%above the sector's middle half▲ 20.8pp88.4%above the sector's middle half▲ 6.9pp99.0%above the sector's middle half▲ 10.6pp80.1%above the sector's middle half▼ 18.9pp85.0%above the sector's middle half▲ 4.9pp
Current ratio2.58-2.58within the sector's middle half=5.37above the sector's middle half▲ 2.798.41above the sector's middle half▲ 3.0310.94above the sector's middle half13.70above the sector's middle half▲ 2.76
Return on assets (ROA)38.5%-6.3%within the sector's middle half▼ 32.1pp39.3%above the sector's middle half▲ 33.0pp35.1%above the sector's middle half▼ 4.2pp20.0%within the sector's middle half▼ 15.2pp16.4%within the sector's middle half▼ 3.5pp11.0%within the sector's middle half▼ 5.4pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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 €295,223
Fixed assets
€41,571 ▼ 24.1%
Current assets
€253,653 ▲ 16.3%
Equity and liabilities €295,223
Equity
€250,895 ▲ 14.9%
Debt
€44,328 ▼ 18.5%
Debt's share of the balance-sheet total falls from 19.9% to 15.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
12.9%▼
2024 · 20.5%
Debt ≤ 1 year
€18,513▼
2024 · €19,932
Debt > 1 year
€25,468▼
2024 · €34,086
Income taxes
€9,695▼
2024 · €12,368
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €13,500 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,407 | €4,593 | €4,801 | €4,852 | €4,357 | €9,049 | €13,209 | ▲ 46.0% |
| Other operating charges640/8 | - | - | €627 | €776 | €856 | €2,751 | €959 | ▼ 65.1% |
| Gross operating margin9900 | €41,923 | €12,069 | €56,905 | €75,778 | €50,955 | €68,313 | €58,058 | ▼ 15.0% |
| Operating profit (loss)9901 | €34,000 | €6,850 | €51,478 | €70,149 | €45,742 | €56,514 | €43,890 | ▼ 22.3% |
| Financial income75/76B | - | - | - | - | - | €1,602 | €547 | ▼ 65.8% |
| Recurring financial income75 | - | - | - | - | - | €1,602 | €547 | ▼ 65.8% |
| Financial charges65/66B | - | - | €122 | €117 | €121 | €919 | €2,280 | ▲ 148% |
| Recurring financial charges65 | €233 | €132 | €122 | €117 | €121 | €919 | €2,280 | ▲ 148% |
| Profit (loss) for the period before taxes9903 | €33,767 | €6,718 | €51,356 | €70,033 | €45,621 | €57,197 | €42,157 | ▼ 26.3% |
| Income taxes67/77 | €7,536 | €2,209 | €11,086 | €14,965 | €10,594 | €12,368 | €9,695 | ▼ 21.6% |
| Profit (loss) for the period9904 | €26,232 | €4,509 | €40,270 | €55,067 | €35,026 | €44,829 | €32,462 | ▼ 27.6% |
| Profit (loss) for the period to be appropriated9905 | €26,232 | €4,509 | €40,270 | €55,067 | €35,026 | €44,829 | €32,462 | ▼ 27.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €68,167 | €71,197 | €102,411 | €156,759 | €175,421 | €272,798 | €295,223 | ▲ 8.2% |
| Fixed assets21/28 | €15,348 | €12,830 | €8,030 | €6,797 | €11,412 | €54,780 | €41,571 | ▼ 24.1% |
| Tangible fixed assets22/27 | €15,348 | €12,830 | €8,030 | €6,797 | €11,412 | €54,780 | €41,571 | ▼ 24.1% |
| Plant, machinery and equipment23 | - | - | €43 | - | €2,525 | €1,964 | €1,403 | ▼ 28.6% |
| Furniture and vehicles24 | - | - | €7,987 | €6,797 | €8,887 | €6,515 | €4,350 | ▼ 33.2% |
| Leasing and similar rights25 | - | - | - | - | - | €46,301 | €35,818 | ▼ 22.6% |
| Current assets29/58 | €52,819 | €58,367 | €94,381 | €149,962 | €164,010 | €218,018 | €253,653 | ▲ 16.3% |
| Amounts receivable within one year40/41 | €6,376 | €6,376 | €7,165 | €7,797 | €5,078 | - | €2,720 | - |
| Trade receivables40 | - | - | €7,165 | €7,797 | - | - | - | - |
| Other amounts receivable41 | - | - | - | - | €5,078 | - | €2,720 | - |
| Cash at bank and in hand54/58 | €46,443 | €51,991 | €87,216 | €119,816 | €134,181 | €218,018 | €250,933 | ▲ 15.1% |
| Deferred charges and accrued income490/1 | - | - | - | €22,350 | €24,750 | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €68,167 | €71,197 | €102,411 | €156,759 | €175,421 | €272,798 | €295,223 | ▲ 8.2% |
| Equity10/15 | €38,732 | €43,241 | €83,510 | €138,578 | €173,604 | €218,433 | €250,895 | ▲ 14.9% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Capital10 | - | - | €12,500 | €12,500 | €12,500 | - | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €6,100 | €6,100 | €6,100 | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €12,500 | €12,500 | = |
| Other1109/19 | - | - | - | - | - | €12,500 | €12,500 | = |
| Reserves13 | €26,232 | €30,741 | €71,010 | €126,078 | €161,104 | €205,933 | €238,395 | ▲ 15.8% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €69,150 | €124,218 | €159,244 | €204,073 | €236,535 | ▲ 15.9% |
| Amounts payable17/49 | €29,435 | €27,956 | €18,900 | €18,181 | €1,817 | €54,365 | €44,328 | ▼ 18.5% |
| Amounts payable after more than one year17 | €8,974 | €5,340 | €1,341 | - | - | €34,086 | €25,468 | ▼ 25.3% |
| Financial debts170/4 | - | - | €1,341 | - | - | €34,086 | €25,468 | ▼ 25.3% |
| Amounts payable within one year42/48 | €20,461 | €22,617 | €17,560 | €17,834 | €1,470 | €19,932 | €18,513 | ▼ 7.1% |
| Current portion of amounts payable after more than one year42 | - | - | €3,999 | €1,327 | - | €7,122 | €7,427 | ▲ 4.3% |
| Trade debts44 | - | €137 | €905 | €145 | - | - | €1,785 | - |
| Suppliers440/4 | - | - | €905 | €145 | - | - | €1,785 | - |
| Taxes, remuneration and social security45 | - | - | €7,787 | €11,670 | €1,369 | €12,184 | €6,006 | ▼ 50.7% |
| Taxes450/3 | - | - | €7,787 | €11,670 | €1,369 | €12,184 | €6,006 | ▼ 50.7% |
| Other amounts payable47/48 | - | - | €4,868 | €4,691 | €100 | €627 | €3,294 | ▲ 426% |
| Accrued charges and deferred income492/3 | - | - | - | €348 | €348 | €348 | €348 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,232 | €4,509 | €40,270 | €55,067 | €35,026 | €44,829 | €32,462 | ▼ 27.6% |
| + Depreciation and write-downs630 | €6,407 | €4,593 | €4,801 | €4,852 | €4,357 | €9,049 | €13,209 | ▲ 46.0% |
| Operating cash flow (approximation) | €32,639 | €9,102 | €45,070 | €59,920 | €39,383 | €53,877 | €45,671 | ▼ 15.2% |
| Investment in fixed assets (approximation) | - | -€2,075 | €0 | -€3,620 | -€8,972 | -€52,416 | €0 | - |
| Change in cash | - | €5,548 | €35,225 | €32,599 | €14,366 | €83,837 | €32,915 | ▼ 60.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00100950 |
| 30-09-2024 | micro format | 29-04-2025 | 2025-00087810 |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00079115 |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00081632 |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20017178 |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12500501 |
| 30-09-2019 | micro format | 14-04-2020 | 2020-09100175 |
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Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,128. 13,871 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.