Equity
DECORTE has made a profit without a break since 2011.
DECORTE has made a profit without a break since 2011.
Debts rose by €109,032 in 2025.
Green is investment, beige is depreciation. Land and buildings stand 401.7% higher than in 2024.
Short-term debts rose from €49,025 to €96,311.
The last five annual accounts were filed 1 to 40 days before the end of the period.
More equity than 95% of companies in head offices and management consultancy. Sector median €78,216 · 39,400 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 86% of them on solvency, 44% on liquidity, 34% on profitability and 46% 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 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 6,049 companies had the same profile as DECORTE has now. Each dot stands for 16 companies, two years later.
That fits the bankruptcy probability of DECORTE itself: < 0.1% within 12 months.
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 6,049 companies, not a prediction for DECORTE. 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.
Liquidity is ample, with a current ratio of 6.67 (14.74 in 2024), above the usual 1.5. Short-term debt is 8.8% and cash 3.3% of total assets. 15% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DECORTE Gistel | €1.1m | €102,883 | 85.0% | - |
| Flanders Investment Group Knokke-Heist | €1.0m | €107,950 | 48.1% | - |
| MANADIM Roeselare | €1.1m | €99,053 | 67.4% | - |
| LONIE Ypres | €1.2m | €111,636 | 90.5% | 0 |
| DELTIC Koksijde | €1.1m | €115,051 | 71.7% | 0 |
| FGL-Projects Hooglede | €1.0m | €92,061 | 63.7% | - |
| Notias Roeselare | €1.3m | €104,283 | 19.0% | 1.8 |
These companies have the same main activity as DECORTE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1m and €1.3m, founded between 2007 and 2009.
DECORTE files the micro format. That format states no turnover. The gross margin rose from -€6,796 in 2009 to €102,883 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €150,000 and €210,000.
Higher than 83% of 39,368 companies in 2025.
Higher than 84% of 38,051 companies in 2025.
Higher than 23% of 38,523 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
1.1m | 970,070 | 1.1m | 1.4m | 1.4m | 1.4m | 1.4m | 1.5m | 1.5m | 1.5m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 15,991 | |
21/28 |
454,472 | 247,450 | 305,179 | 1.3m | 1.3m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | - | |
21 |
129,158 | 184,264 | 242,813 | 17,214 | 24,100 | 30,986 | - | - | - | - | - | - | - | - | - | - | |
22/27 |
325,314 | 63,186 | 62,365 | 65,295 | 77,161 | 98,813 | - | - | - | - | - | - | - | - | - | - | |
22 |
315,418 | 62,870 | 61,927 | 65,058 | 76,864 | 98,813 | - | - | - | - | - | - | - | - | - | - | |
23 |
964 | 315 | 439 | 237 | 298 | - | - | - | - | - | - | - | - | - | - | - | |
24 |
8,932 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | - | - | 1.2m | 1.2m | 1.2m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | - | |
29/58 |
642,737 | 722,620 | 751,256 | 73,391 | 77,230 | 74,026 | 52,548 | 127,690 | 119,239 | 116,850 | 38,312 | 37,594 | 41,984 | 27,573 | 19,596 | 15,991 | |
40/41 |
149,735 | 171,435 | 184,602 | - | - | - | - | 30,250 | 14,002 | 55,973 | 1,171 | - | 15,304 | 2,848 | - | 4 | |
40 |
142,951 | 171,435 | 182,317 | - | - | - | - | 30,250 | - | - | - | - | - | - | - | - | |
41 |
6,784 | 0 | 2,285 | - | - | - | - | - | 14,002 | 55,973 | 1,171 | - | 15,304 | 2,848 | - | 4 | |
50/53 |
450,008 | 435,180 | 296,487 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
35,760 | 109,005 | 239,461 | 60,012 | 58,284 | 36,328 | 40,738 | 85,863 | 95,237 | 53,377 | 26,190 | 26,645 | 15,865 | 14,068 | 9,288 | 15,987 | |
490/1 |
7,235 | 7,000 | 30,706 | 13,379 | 18,947 | 37,698 | 11,810 | 11,577 | 10,000 | 7,500 | 10,951 | 10,949 | 10,815 | 10,657 | 10,308 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
1.1m | 970,070 | 1.1m | 1.4m | 1.4m | 1.4m | 1.4m | 1.5m | 1.5m | 1.5m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 15,991 | |
10/15 |
932,920 | 914,812 | 902,293 | 898,630 | 867,602 | 816,094 | 763,722 | 734,867 | 695,258 | 688,771 | 551,149 | 504,854 | 455,583 | 429,465 | 387,424 | 15,680 | |
10/11 |
22,550 | 22,550 | 22,550 | 22,550 | 22,550 | - | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | |
100 |
- | - | - | - | - | - | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | 22,550 | |
11 |
- | - | - | - | - | 22,550 | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 22,550 | - | - | - | - | - | - | - | - | - | - | |
13 |
898,255 | 880,255 | 867,755 | 864,255 | 833,755 | 782,755 | 730,555 | 701,755 | 662,255 | 652,255 | 502,255 | 452,255 | 402,255 | 377,255 | 302,255 | - | |
130/1 |
2,255 | 2,255 | 2,255 | 2,255 | 2,255 | 2,255 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,255 | 2,255 | 2,255 | 2,255 | 2,255 | 2,255 | 2,255 | 2,255 | 2,255 | - | |
1311 |
- | - | 2,255 | 2,255 | 2,255 | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
2,255 | 2,255 | - | - | - | 2,255 | - | - | - | - | - | - | - | - | - | - | |
133 |
896,000 | 878,000 | 865,500 | 862,000 | 831,500 | 780,500 | 728,300 | 699,500 | 660,000 | 650,000 | 500,000 | 450,000 | 400,000 | 375,000 | 300,000 | - | |
14 |
12,115 | 12,007 | 11,988 | 11,825 | 11,297 | 10,789 | 10,617 | 10,562 | 10,453 | 13,966 | 26,344 | 30,049 | 30,778 | 29,660 | 62,619 | -6,870 | |
16 |
- | - | - | - | - | - | - | - | 46,732 | 4,510 | 4,679 | 4,033 | 2,439 | 508 | - | - | |
160/5 |
- | - | - | - | - | - | - | - | 46,732 | 4,510 | 4,679 | 4,033 | 2,439 | 508 | - | - | |
164/5 |
- | - | - | - | - | - | - | - | 46,732 | - | - | - | - | - | - | - | |
17/49 |
164,290 | 55,257 | 154,142 | 492,824 | 546,443 | 623,285 | 658,826 | 762,823 | 747,249 | 793,569 | 852,484 | 898,707 | 953,962 | 967,601 | 1.0m | 310 | |
17 |
67,978 | - | - | - | - | - | - | - | - | - | - | - | 43,243 | 115,320 | 184,880 | - | |
170/4 |
67,978 | - | - | - | - | - | - | - | - | - | - | - | 43,243 | 115,320 | 184,880 | - | |
42/48 |
96,311 | 49,025 | 146,022 | 492,824 | 540,129 | 617,012 | 658,826 | 762,823 | 747,249 | 793,569 | 852,484 | 898,560 | 910,359 | 851,715 | 816,294 | 310 | |
42 |
42,423 | - | - | 171,661 | 174,538 | 168,605 | - | - | 7,500 | 7,500 | 12,500 | 61,848 | 90,593 | 87,415 | 93,891 | - | |
44 |
7,999 | 1,298 | 1,685 | 6,653 | 225 | 116 | 216 | 202 | 210 | 290 | 305 | 13,524 | 280 | 326 | - | 96 | |
440/4 |
7,999 | 1,298 | 1,685 | 6,653 | 225 | 116 | 216 | 202 | 210 | 290 | 305 | 13,524 | 280 | 326 | - | 96 | |
46 |
- | - | - | 7,058 | - | - | - | - | - | - | - | - | 13,086 | 12,895 | - | - | |
45 |
5,590 | 9,665 | 9,057 | 17,090 | 18,270 | 30,078 | 25,707 | 44,718 | 9,185 | 4,800 | 5,386 | 5,743 | 5,285 | 5,365 | 2,188 | - | |
450/3 |
4,590 | 8,665 | 7,382 | 14,015 | 18,270 | 30,078 | 25,707 | 44,718 | 9,185 | 4,800 | 5,386 | 5,743 | 5,285 | 5,365 | 2,188 | - | |
454/9 |
1,000 | 1,000 | 1,675 | 3,075 | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
40,299 | 38,062 | 135,281 | 290,362 | 347,095 | 418,213 | 632,903 | 717,903 | 730,355 | 780,979 | 834,293 | 817,445 | 801,115 | 745,715 | 720,215 | 215 | |
492/3 |
0 | 6,233 | 8,120 | - | 6,315 | 6,273 | - | - | - | - | - | 146 | 360 | 565 | 999 | - | |
| Income statement | |||||||||||||||||
9900 |
102,883 | 95,830 | 48,817 | 89,484 | 131,163 | 126,104 | 92,502 | 107,977 | 56,804 | 38,698 | 83,649 | 82,128 | 46,534 | 68,660 | 107,477 | -6,796 | |
62 |
- | 0 | 1,108 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
61,301 | 60,666 | 35,941 | 20,236 | 30,567 | 15,696 | - | - | - | - | - | - | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | -46,732 | 42,222 | -169 | 646 | 1,594 | 1,932 | 508 | - | - | |
640/8 |
6,932 | 7,607 | 6,205 | 5,578 | 5,447 | 5,405 | 107 | 105 | 103 | 103 | 102 | 101 | 98 | 188 | 94 | 90 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 50 | - | - | |
9901 |
34,651 | 27,557 | 5,564 | 63,670 | 95,150 | 105,004 | 92,395 | 154,604 | 14,479 | 38,764 | 82,901 | 80,433 | 44,504 | 67,965 | 107,383 | -6,885 | |
75/76B |
15,482 | 56,900 | 16,751 | - | - | 13 | 100 | 82 | 82 | 119,105 | 37 | 13 | 7 | 98 | 310,150 | 24 | |
75 |
15,482 | 56,900 | 16,751 | - | - | 13 | 100 | 82 | 82 | 119,105 | 37 | 13 | 7 | 98 | 310,150 | 24 | |
65/66B |
4,571 | 4,723 | 12,937 | 15,939 | 17,546 | 21,235 | 43,637 | 88,178 | 4,757 | 7,565 | 12,814 | 5,806 | 6,696 | 8,820 | 15,722 | 11 | |
65 |
4,571 | 4,723 | 12,937 | 15,939 | 17,546 | 21,235 | 43,637 | 88,178 | 4,757 | 7,565 | 12,814 | 5,806 | 6,696 | 8,820 | 15,722 | 11 | |
9903 |
45,562 | 79,735 | 9,378 | 47,732 | 77,604 | 83,782 | 48,858 | 66,508 | 9,804 | 150,303 | 70,124 | 74,640 | 37,814 | 59,193 | 401,812 | -6,873 | |
67/77 |
27,454 | 27,715 | 5,715 | 16,704 | 26,095 | 31,410 | 20,003 | 26,898 | 3,317 | 12,681 | 23,829 | 25,368 | 9,696 | 17,152 | 30,068 | -4 | |
9904 |
18,107 | 52,020 | 3,663 | 31,027 | 51,508 | 52,372 | 28,854 | 39,610 | 6,486 | 137,622 | 46,295 | 49,272 | 28,118 | 42,041 | 371,743 | -6,870 | |
9905 |
18,107 | 52,020 | 3,663 | 31,027 | 51,508 | 52,372 | 28,854 | 39,610 | 6,486 | 137,622 | 46,295 | 49,272 | 28,118 | 42,041 | 371,743 | -6,870 | |
| Appropriation of the result | |||||||||||||||||
9906 |
30,115 | 64,007 | 15,488 | 42,325 | 62,297 | 62,989 | 39,417 | 50,062 | 20,453 | 163,966 | 76,344 | 80,049 | 57,778 | 104,660 | 364,874 | -6,870 | |
14P |
12,007 | 11,988 | 11,825 | 11,297 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
0 | 39,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
18,000 | 52,000 | 3,500 | 30,500 | 51,000 | 52,200 | 28,800 | 39,500 | 10,000 | 150,000 | 50,000 | 50,000 | 25,000 | 75,000 | 302,255 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,255 | - | |
6921 |
18,000 | 52,000 | 3,500 | 30,500 | 51,000 | 52,200 | 28,800 | 39,500 | 10,000 | 150,000 | 50,000 | 50,000 | 25,000 | 75,000 | 300,000 | - | |
694/7 |
0 | 39,500 | - | - | - | - | - | - | - | - | - | - | 2,000 | - | - | - | |
694 |
0 | 39,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,000 | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00028977 | |
| 30-06-2024 | micro format | 24-12-2024 | 2024-00626070 | |
| 30-06-2023 | abbreviated format | 22-12-2023 | 2023-00535212 | |
| 30-06-2022 | abbreviated format | 22-12-2022 | 2022-20547248 | |
| 30-06-2021 | abbreviated format | 24-12-2021 | 2021-81700579 | |
| 30-06-2020 | abbreviated format | 28-01-2021 | 2021-03300503 | |
| 30-06-2019 | abbreviated format | 20-11-2019 | 2019-74100151 | |
| 30-06-2018 | abbreviated format | 21-12-2018 | 2018-75800351 | |
| 30-06-2017 | abbreviated format | 22-12-2017 | 2017-73200307 | |
| 30-06-2016 | abbreviated format | 21-12-2016 | 2016-71600531 | |
| 30-06-2015 | abbreviated format | 27-11-2015 | 2015-67900527 | |
| 30-06-2014 | abbreviated format | 07-01-2015 | 2015-00700519 | |
| 30-06-2013 | abbreviated format | 17-10-2013 | 2013-63400286 | |
| 30-06-2012 | abbreviated format | 11-12-2012 | 2012-66300203 | |
| 30-06-2011 | abbreviated format | 23-12-2011 | 2011-65400397 | |
| 31-12-2009 | abbreviated format | 10-08-2010 | 2010-40300025 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 95,952 | 88,223 | 41,504 | 83,906 | 125,717 | 120,699 | - | - | - | - | - | - | - | - | - | - | ||
| 79,408 | 112,686 | 39,604 | 51,264 | 82,075 | 68,068 | - | - | - | - | - | - | - | - | - | - | ||
| 268,323 | 2,937 | 261,260 | 1,484 | 2,030 | 564,645 | - | - | - | - | - | - | - | - | 1.4m | - | ||
| -73,246 | -130,456 | 179,449 | 1,729 | 21,955 | -4,410 | -45,125 | -9,374 | 41,860 | 27,187 | -455 | 10,780 | 1,797 | 4,780 | - | - | ||
| 546,426 | 673,595 | 605,234 | -419,433 | -462,898 | -542,986 | -606,278 | -635,133 | -628,011 | -676,719 | -814,172 | -860,966 | -868,375 | -824,143 | -796,698 | 15,680 | ||
| 85.0% | 94.3% | 85.4% | 64.6% | 61.4% | 56.7% | 53.7% | 49.1% | 46.7% | 46.3% | 39.1% | 35.9% | 32.3% | 30.7% | 27.9% | 98.1% | ||
| 6.67 | 14.74 | 5.14 | 0.15 | 0.14 | 0.12 | 0.08 | 0.17 | 0.16 | 0.15 | 0.04 | 0.04 | 0.05 | 0.03 | 0.02 | 51.55 | ||
| 0.18 | 0.06 | 0.17 | 0.55 | 0.63 | 0.76 | 0.86 | 1.04 | 1.07 | 1.15 | 1.55 | 1.78 | 2.09 | 2.25 | 2.59 | 0.02 | ||
| 1.9% | 5.7% | 0.4% | 3.5% | 5.9% | 6.4% | 3.8% | 5.4% | 0.9% | 20.0% | 8.4% | 9.8% | 6.2% | 9.8% | 96.0% | -43.8% | ||
| 1.7% | 5.4% | 0.3% | 2.2% | 3.6% | 3.6% | 2.0% | 2.6% | 0.4% | 9.3% | 3.3% | 3.5% | 2.0% | 3.0% | 26.8% | -43.0% | ||
| 20.99 | 18.68 | 3.21 | 5.26 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €268,323 | €2,937 | €2,944 | €1,484 |
| Intangible fixed assets | - | - | €258,317 | - |
| €61,301 | €60,666 | €35,941 | €20,236 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 26% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 5.7% to 15.0%. Equity and debt are higher.
Source: list of holdings in its own 30-06-2022 accounts. Every holding stands with its own latest accounts.
The network lets you explore the ties of DECORTE.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Assepoesterstraat 13 registered office 8470 Gistel | ||
| Edward Vlietinckstraat 31 8400 Ostend 7020001 Business and other management consultancy | 06-06-2008 | 2.171.323.521 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 35020B0073/00N000 | 2,419 m² | 1 · 1,252 m² | 6.3 m · 2 |
| 35019B0271/00S002 | 564 m² | 1 · 122 m² | 7.7 m · 2 |
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