Equity
€14,264 from €269,736 in 2024
Equity fell by 95% in 1 year.
Decor Team
Lifetime
7 annual accounts with figures on one time axispeak €575,000 (2024)
€395,465▼ 31.2%
peak €179,784 (2020)
€44,528▼ 72.2%
peak €269,736 (2024)
€14,264▼ 94.7%
€525,588▲ 94.3%
peak 6.5 FTE (2023)
4.2 FTE▼ 22.2%
Board3 names since 2018
2 directorsLa Kozoe and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €575,000 to €395,465Result from €159,920 to €44,528Staff from 5.4 FTE to 4.2 FTEDividend €300,000Equity from €269,736 to €14,264Debts from €270,436 to €525,588
Key points
from the 2025 annual accountsDebts
€525,588 97% of the balance sheet
Financial debts 5%Suppliers 12%Taxes and wages 9%Other 74%
Of this, €495,149 falls due within a year.
Staff
4.2 FTE from 6.5 in 2023
Between 2023 and 2025, 35% of the full-time equivalents disappeared.
Liquidity
0.86 was 1.69 in 2024
Short-term debts rose from €220,580 to €495,149.
Filings
7 annual accounts 4 late
The 2025 accounts came latest: 31 days after the end of the period.
Position in the sector
2.6%
Lower solvency than 91% of companies in specialised construction. Sector median 44.0% · 9,967 companies.
Checked score
51
Fair
Financially stronger than 23% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
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 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 1.7%▼ -0.3 percentage points vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.9%▲ +0.2 percentage points vs 03-2025
05-2025: 2.1%▲ +0.2 percentage points vs 04-2025
06-2025: 2.2%▲ +0.1 percentage points vs 05-2025
07-2025: 2.5%▲ +0.3 percentage points vs 06-2025highest value
08-2025: 0.9%▼ -1.6 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.4%▼ -0.5 percentage points vs 12-2025lowest value
02-2026: 0.4%● unchanged vs 01-2026lowest value
03-2026: 0.4%● unchanged vs 02-2026lowest value
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.4%▼ -0.1 percentage points vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%▲ +0.4 percentage points vs 07-2026
09-2026: 2.2%▲ +1.3 percentage points vs 08-2026
10-2026: 2.2%● unchanged vs 09-2026
11-2026: 2.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Equity €14,264 (2.6% of total assets)
Size: 4.2 FTE, total assets €539,852
lowers risk
Liquidity: current ratio 0.86, cash €133,929
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 9% of them on solvency, 19% on liquidity, 57% on profitability and 4% 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 2,153 companies had the same profile as Decor Team has now. Each dot stands for 6 companies, two years later.
96.1%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
The bankruptcy probability of Decor Team itself is higher: 2.2% within 12 months. It rests on far more data about Decor Team 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 2,153 companies, not a prediction for Decor Team. 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
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.86 (1.69 in 2024), below 1. Short-term debt is 91.7% and cash 24.8% of total assets. 97.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 9967 sector peers (2025).
NBB · sector comparisonPosition among 9967 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 days late
2024
21 days early
2023
30 days late
2022
20 days early
2021
25 days early
2020
3 days late
2019
7 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day 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 (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (5 of the last 5 accounts filed within 51 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0713687792
Registered office moved within Destelbergen
New registered office: Isabella Haeckstraat 17H, 9070 Destelbergen · Previous registered office: Dendermondsesteenweg 933, 9070 Destelbergen · Permanent representatives: Timothy Laleman and Malisa Rillaert · Board meeting of 24-11-2023 · Gazette deed
New establishment in Destelbergen
Isabella Haeckstraat 17H
Merger: DECOR TEAM takes over Laleman Decor Team
Permanent representatives: Laleman, Timothy André Yvonne and Malisa Rillaert · Appointments: LA KOZOE (director) and ML 20 (director) · The company holds all the shares of Laleman Decor Team · General meeting of 26-03-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Decor Team Destelbergen | €539,852 | €395,465 | 2.6% | 4.2 |
| PETER HUYS Knokke-Heist | €584,781 | €454,818 | 33.9% | 5.9 |
| IR PROJECTS Koekelare | €711,873 | €288,863 | 27.2% | 3.2 |
| Koninckx Schilderwerken Kapellen | €749,463 | €566,895 | 2.5% | 3.4 |
| DE MEYST DECOR Dendermonde | €710,953 | €345,849 | 44.7% | 2.8 |
| SCHILDER- & RENOVATIEWERKEN PJB PEETERS Mechelen | €588,613 | €496,617 | 80.4% | 6 |
| RVE PROJECTS Oostkamp | €745,330 | €647,453 | 9.3% | 2.8 |
These companies have the same main activity as Decor Team: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €585,000 and €749,000, founded between 2015 and 2020.
Official details
Source: KBO- Status
- Active since 19-11-2018Normal situation
- Activity
- Painting of buildingsNACE 43341and 1 other
- Joint committee
- 124Construction · annual accounts 2023
- Establishment units
- 2.285.234.6789080 Lochristi, since 19-11-2018
- 2.346.830.3719070 Destelbergen, since 01-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- ≈ €1.1mestimated
- €539,852▼ 0.1%
- Employeeson 31-12-2025
- 4▼ 20.0%
- Filing
- Filed on 31-08-2026
Insights on Decor Team
Decor Team files the abbreviated format. That format states no turnover. The gross margin rose from €173,278 in 2019 to €395,465 in 2025.
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 Decor Team
- What is the company number of Decor Team?
- The company number of Decor Team is 0713.687.792. The VAT number is the same number with BE in front: BE 0713.687.792.
- Where is Decor Team based?
- The registered office is at Isabella Haeckstraat 17, 9070 Destelbergen.Company details
- What does Decor Team do?
- According to the KBO register, the main activity is painting of buildings (NACE 43341).
- What is the legal form of Decor Team?
- Decor Team is a private limited company (BV).
- When was Decor Team founded?
- Decor Team was founded on 19-11-2018.
- Is Decor Team still active?
- Yes, Decor Team is an active enterprise in the KBO register.
- How many employees does Decor Team have?
- Decor Team had an average of 4.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Decor Team fall under?
- In its 2023 annual accounts, Decor Team states joint committee 124 (Construction).
- What is the turnover of Decor Team?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €395,465 and 39 comparable companies (NACE 433). It probably lies between €860,000 and €1.5m.
- Is Decor Team profitable?
- In financial year 2025, Decor Team made a profit of €44,528.
- Where can I find the annual accounts of Decor Team?
- Decor Team filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Decor Team due?
- Decor Team must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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 See which support similar companies received that this one did not.Subsidies
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