Overdue debts
€223,569 on 31-12-2024
The annual accounts state €107,830 of overdue tax debts and €115,739 of overdue social security (RSZ) debts on 31-12-2024.
DECORANDA
Lifetime
18 annual accounts with figures on one time axis, 29 filings since 1995peak €1.5m (30-06-2024)
€203,7496 months
lowest -€1.3m (2019)
-€397,3756 months
peak €421,266 (2016)
-€883,766▲ €102,625
€2.9m▲ 2.1%
peak 21.2 FTE (2017)
10.1 FTE▼ 19.2%
Board4 names since 2021
1 director
Documentsfilings and deeds
24-06-202537 days before the deadline
2024abbreviated format to 31-12-2024
Financial year from 01-07-2024 to 31-12-2024, 6 monthsLoss of €397,375Staff from 12.5 FTE to 10.1 FTECash from €14,017 to €68,476
Key points
from the 2024 annual accountsEquity
-€883,766
Debts exceed assets in financial year 2024.
Losses
-€397,375
3 loss-making years in a row. Loss in financial year 2024.
Debts
€2.9m 145% of the balance sheet
Financial debts 19%Suppliers 16%Taxes and wages 13%Other 52%
€1.6m of the debts are secured on the company's own assets. In 2021 that was €909,268.
Staff
10.1 FTE from 21.2 in 2017
Between 2017 and 2024, 52% of the full-time equivalents disappeared.
Position in the sector
-44.8%
Lower solvency than 95% of companies in fabricated metal products. Sector median 46.6% · 1,210 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 677 companies had the same profile as DECORANDA has now. Each dot stands for 2 companies, two years later.
84.5%
were still trading
6.2%
stopped another way
6.8%
went bankrupt
Another 2.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 677 companies, not a prediction for DECORANDA. 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
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Signals
Recent changes
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Laarne
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Zedelgem
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0453298519
New director
appointed, resigned · Permanent representative: · “I. VOOR EIGEN REKENING, VOOR REKENING VAN DERDEN OF IN DEELNEMING MET DERDEN; II. VOOR EIGEN REKENING; III.…” (deed in Dutch) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DECORANDA Maldegem | €2.0m | €203,749 | -44.8% | 10.1 |
| VANHAECKE CONSTRUCTIE Bruges | €2.4m | €365,323 | 1.9% | 6.9 |
| GABRIELS ALGEMENE METAALWERKEN Oudsbergen | €1.7m | €500,929 | 48.9% | 8.4 |
| PentaS Zelzate | €1.6m | €698,796 | 33.4% | 10.1 |
| METAALCONSTRUCTIES RAVEYDTS Ninove | €2.5m | €587,729 | 92.4% | 5.9 |
| VAN KERCKHOVE Temse | €4.7m | €562,197 | 18.6% | 8.3 |
| CONSTRUCTIONS METALLIQUES MAURICE PIERLOT Sainte-Ode | €1.7m | €454,688 | 4.6% | 6 |
These companies have the same main activity as DECORANDA: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €1.6m and €4.7m, founded between 1989 and 2000.
Official details
Source: KBO- Status
- Active since 01-09-1994Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 5 others
- Joint committees
- 209White-collar workers in metal manufacturing
- 124Construction · annual accounts 30-06-2024
- Establishment unit
- 2.068.247.2629990 Maldegem, since 14-09-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 17-10-2025
Annual accounts 2024
- ≈ €520,000estimated
- €2.0m▲ 9.0%
- Employeeson 31-12-2024
- 10▼ 9.1%
- Filing
- Filed on 24-06-2025, 37 days before the end of the filing period
Insights on DECORANDA
DECORANDA files the abbreviated format. That format states no turnover. The gross margin fell from €582,685 in 2006 to €203,749 in 2024.
The balance sheet grew most from 2010 to 2012 through fixed assets.
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 DECORANDA
- What is the company number of DECORANDA?
- The company number of DECORANDA is 0453.298.519. The VAT number is the same number with BE in front: BE 0453.298.519.
- Where is DECORANDA based?
- The registered office is at Krommewege 40, 9990 Maldegem.Company details
- What does DECORANDA do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of DECORANDA?
- DECORANDA is a private limited company (BV).
- When was DECORANDA founded?
- DECORANDA was founded on 01-09-1994.
- Is DECORANDA still active?
- Yes, DECORANDA is an active enterprise in the KBO register.
- How many employees does DECORANDA have?
- DECORANDA had an average of 10.1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does DECORANDA fall under?
- In its 30-06-2024 annual accounts, DECORANDA states joint committees 209 (White-collar workers in metal manufacturing) and 124 (Construction).
- What is the turnover of DECORANDA?
- The turnover in financial year 2024 is ≈ €520,000. This figure is estimated from the gross margin of €203,749 and 1,392 comparable companies of the same size. It probably lies between €320,000 and €990,000. It is a rough estimate.
- Is DECORANDA profitable?
- In financial year 2024, DECORANDA made a loss of €397,375.
- Where can I find the annual accounts of DECORANDA?
- DECORANDA filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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