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DECORLY

Active
Private limited companyfounded 200719 yrs activeOpperstraat 88, 1050 Elsene, BelgiumKBO/BCE: BE 0886.695.707
Summary

The computed 12-month bankruptcy probability of DECORLY is 3.9% (moderate). The 2024 annual accounts show negative equity (-€14,961) and a net result of -€3,037. Equity remains stable across the filed fiscal years (±0% per year). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability50▼-3
Solvency0=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.04 in 2023; short-term debt: 149.4% and cash: 0.1% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-93.9%
Return on assets
-19.1%
Age of the figures
21 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€14,961
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-12-2025, 146 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
146 d late
2023
153 d late
2022
28 d late
2021
29 d late
2020
31 d late
2019
140 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 88 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 January 2007, DECORLY was incorporated.1 The company has filed 18 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€14,961▼ 25.5%
2023 · -€11,924
Total assets
€15,929▼ 28.9%
2023 · €22,409
Net result
-€3,037▼ 9.9%
2023 · -€2,763
Working capital
-€23,765▲ 8.7%
2023 · -€26,028
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-€235€3,693-€2,708-€2,946▼ 8.8%
Net result-€261€3,582-€2,763-€3,037▼ 9.9%
Equity-€12,743▼ 2.1%-€9,161▲ 28.1%-€9,161=-€11,924▼ 30.2%-€14,961▼ 25.5%
Total assets€274▲ 3,325%€178▼ 35.0%€178=€22,409▲ 12,489%€15,929▼ 28.9%
Debt€13,017▲ 4.2%€9,339▼ 28.3%€9,339=€34,333▲ 268%€30,890▼ 10.0%
Working capital-€5,647▲ 54.8%-€2,065▲ 63.4%-€2,065=-€26,028▼ 1,160%-€23,765▲ 8.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0€2,000€4,000Operating result 2020: -€235-€235Net result 2020: -€261-€261Operating result 2021: €3,693€3,693Net result 2021: €3,582€3,582Operating result 2023: -€2,708-€2,708Net result 2023: -€2,763-€2,763Operating result 2024: -€2,946-€2,946Net result 2024: -€3,037-€3,03720202021202220232024-€4,000-€3,000-€2,000-€1,000€0Operating result 2023: -€2,708-€2,710Net result 2023: -€2,763-€2,760Operating result 2024: -€2,946-€2,950Net result 2024: -€3,037-€3,040202220232024
The operating result stays negative: a loss of €2,946 in 2024 against €2,708 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15,929
Fixed assets €15,900 ▼ 25.0%
Current assets €29 ▼ 97.6%
Key figures and ratios
2024 value · change against 2023
EBITDA
€2,354▼
2023 · €2,592
Cash flow
€2,263▼
2023 · €2,537
Solvency
-93.9%▼
2023 · -53.2%
Current ratio
0.00▼
2023 · 0.04
Debt to equity
-2.06▲
2023 · -2.88
ROA
-19.1%▼
2023 · -12.3%
Interest coverage
25.87▼
2023 · 47.13
Debt ≤ 1 year
€23,794▼
2023 · €27,237
Debt > 1 year
€7,096=
2023 · €7,096
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.5% went bankrupt
8.1% stopped otherwise
85% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,943 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€22,409€15,929▼
Fixed assets21/28€21,200€15,900▼
Tangible fixed assets22/27€21,200€15,900▼
Furniture and vehicles24€21,200€15,900▼
Current assets29/58€1,209€29▼
Amounts receivable within one year40/41€8€8=
Other amounts receivable41€8€8=
Cash at bank and in hand54/58€1,201€21▼
Equity and liabilities
Total equity and liabilities10/49€22,409€15,929▼
Equity10/15-€11,924-€14,961▼
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€30,524-€33,561▼
Amounts payable17/49€34,333€30,890▼
Amounts payable after more than one year17€7,096€7,096=
Financial debts170/4€7,096€7,096=
Amounts payable within one year42/48€27,237€23,794▼
Trade debts44€11,910-
Suppliers440/4€11,910-
Other amounts payable47/48€15,327€23,794▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,300€5,300=
Other operating charges640/8€714€231▼
Gross operating margin9900€3,306€2,585▼
Operating profit (loss)9901-€2,708-€2,946▼
Financial charges65/66B€55€91▲
Recurring financial charges65€55€91▲
Non-recurring financial charges66B€55€91▲
Profit (loss) for the period before taxes9903-€2,763-€3,037▼
Profit (loss) for the period9904-€2,763-€3,037▼
Profit (loss) for the period to be appropriated9905-€2,763-€3,037▼
Appropriation of the result
Profit (loss) to be appropriated9906-€30,524-€33,561▼
Profit (loss) brought forward from the previous period14P-€27,761-€30,524▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€5,300€5,300=
Other operating charges640/8---€714€231▼ 67.6%
Gross operating margin9900-€235€3,693-€3,306€2,585▼ 21.8%
Operating profit (loss)9901-€235€3,693--€2,708-€2,946▼ 8.8%
Financial charges65/66B-€111-€55€91▲ 65.5%
Recurring financial charges65-€111-€55€91▲ 65.5%
Non-recurring financial charges66B-€111-€55€91▲ 65.5%
Profit (loss) for the period before taxes9903-€261€3,582--€2,763-€3,037▼ 9.9%
Profit (loss) for the period9904-€261€3,582--€2,763-€3,037▼ 9.9%
Profit (loss) for the period to be appropriated9905-€261€3,582--€2,763-€3,037▼ 9.9%
Line20202021202220232024Change
Assets
Total assets20/58€274€178€178€22,409€15,929▼ 28.9%
Fixed assets21/28---€21,200€15,900▼ 25.0%
Tangible fixed assets22/27---€21,200€15,900▼ 25.0%
Furniture and vehicles24---€21,200€15,900▼ 25.0%
Current assets29/58€274€178€178€1,209€29▼ 97.6%
Amounts receivable within one year40/41€8€8€8€8€8=
Other amounts receivable41-€8€8€8€8=
Cash at bank and in hand54/58€266€170€170€1,201€21▼ 98.3%
Equity and liabilities
Total equity and liabilities10/49€274€178€178€22,409€15,929▼ 28.9%
Equity10/15-€12,743-€9,161-€9,161-€11,924-€14,961▼ 25.5%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Capital10-€18,600----
Issued capital100-€18,600----
Profit (loss) carried forward14-€31,343-€27,761-€27,761-€30,524-€33,561▼ 9.9%
Amounts payable17/49€13,017€9,339€9,339€34,333€30,890▼ 10.0%
Amounts payable after more than one year17€7,096€7,096€7,096€7,096€7,096=
Financial debts170/4-€7,096€7,096€7,096€7,096=
Amounts payable within one year42/48€5,921€2,243€2,243€27,237€23,794▼ 12.6%
Trade debts44€4,538€844-€11,910--
Suppliers440/4-€844-€11,910--
Other amounts payable47/48-€1,399€2,243€15,327€23,794▲ 55.2%
Line20202021202220232024Change
Profit (loss) for the period9904-€261€3,582--€2,763-€3,037▼ 9.9%
+ Depreciation and write-downs630---€5,300€5,300=
Operating cash flow (approximation)-€261€3,582-€2,537€2,263▼ 10.8%
Investment in fixed assets (approximation)----€0-
Change in cash--€96€0€1,031-€1,180▼ 214%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 146 days late
2024
31-12
Financial Weakest financial yearnet -€3,037
Net result drops to -€3,037, the lowest in the series.
31-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
28-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial Back to profitnet €3,582
Net result €3,582 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
18-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 140 days late
2019
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are 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, Elsene · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
279 m²
Building footprint
113 m²
Volume, LiDAR
1,690 m³
Parcel 21009A0340/00K005, Brussels · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
9 companies at this address See who is registered here
1 establishment unit
LOUISE DESCAMPS ART CONSULTING SPRL
Opperstraat 88, 1050 ElseneNACE 51180
since 20072.160.358.561
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21009A0340/00K005 Brussels 279 m² 1 · 113 m² 19.7 m · 6 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded24-01-2007
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.