Decorte Guitars
ActiveSummary
The computed 12-month bankruptcy probability of Decorte Guitars is 1.9% (moderate). The 2025 annual accounts show equity of €15k and a net result of €2k. Its solvency ranks better than 29% of 18400 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+14
Solvency34=
Growth52
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.13 in 2024; short-term debt: 76.5% and cash: 28.8% of total assets), and 91.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.8%
Return on assets
1.3%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-06-2026, 32 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
32 d late
2024
33 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▲ 18.0%
2024 · €13k
2024: €13k
2025: €15k▲ +18.0% vs 2024
2024 → 2025
Total assets
€171k▲ 21.5%
2024 · €140k
2024: €140k
2025: €171k▲ +21.5% vs 2024
2024 → 2025
Net result
€2k▼ 77.6%
2024 · €10k
2024: €10k
2025: €2k▼ -77.6% vs 2024
2024 → 2025
Working capital
€34k▲ 108%
2024 · €16k
2024: €16k
2025: €34k▲ +108% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€13k-€15k▲ 18.0%
2024: €13k
2025: €15k▲ +18.0% vs 2024
Operating result€12k-€3k▼ 76.6%
2024: €12k
2025: €3k▼ -76.6% vs 2024
Net result€10k-€2k▼ 77.6%
2024: €10k
2025: €2k▼ -77.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171k
Fixed assets
€6k ▲ 179%
Current assets
€164k ▲ 19.0%
Equity and liabilities €171k
Equity
€15k ▲ 18.0%
Debt
€156k ▲ 21.9%
Debt's share of the balance-sheet total rises from 90.9% to 91.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k
Cash flow
€4k
Current ratio
1.26▲
2024 · 1.13
Quick ratio
0.57▲
2024 · 0.42
Debt to equity
10.34▲
2024 · 10.01
ROE
15.2%▼
2024 · 80.4%
ROA
1.3%▼
2024 · 7.3%
Interest coverage
11.55
Debt ≤ 1 year
€131k▲
2024 · €122k
Debt > 1 year
€17k
Income taxes
€509▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€140k€171k▲
Fixed assets21/28€2k€6k▲
Tangible fixed assets22/27€2k€6k▲
Land and buildings22-€4k
Plant, machinery and equipment23-€1k
Furniture and vehicles24€2k-
Financial fixed assets28-€300
Current assets29/58€138k€164k▲
Stocks and contracts in progress3€87k€90k▲
Stocks30/36€79k€83k▲
Contracts in progress37€8k€8k=
Amounts receivable within one year40/41€40k€21k▼
Trade receivables40€40k€21k▼
Cash at bank and in hand54/58€12k€49k▲
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€140k€171k▲
Equity10/15€13k€15k▲
Contributions10/11€3k€3k=
Reserves13€10k€10k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14-€2k
Amounts payable17/49€128k€156k▲
Amounts payable after more than one year17-€17k
Financial debts170/4-€17k
Amounts payable within one year42/48€122k€131k▲
Trade debts44€29k€28k▼
Suppliers440/4€29k€28k▼
Taxes, remuneration and social security45€15k€11k▼
Taxes450/3€15k€11k▼
Other amounts payable47/48€79k€91k▲
Accrued charges and deferred income492/3€6k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€517€4k▲
Non-recurring operating charges66A€330-
Gross operating margin9900€13k€8k▼
Operating profit (loss)9901€12k€3k▼
Financial income75/76B€778€291▼
Recurring financial income75€778€291▼
Financial charges65/66B€41€376▲
Recurring financial charges65€41€376▲
Profit (loss) for the period before taxes9903€13k€3k▼
Income taxes67/77€3k€509▼
Profit (loss) for the period9904€10k€2k▼
Profit (loss) for the period to be appropriated9905€10k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€2k▼
Transfer to equity691/2€10k-
To other reserves6921€10k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1k | - |
| Other operating charges640/8 | €517 | €4k | ▲ 683% |
| Non-recurring operating charges66A | €330 | - | - |
| Gross operating margin9900 | €13k | €8k | ▼ 36.3% |
| Operating profit (loss)9901 | €12k | €3k | ▼ 76.6% |
| Financial income75/76B | €778 | €291 | ▼ 62.6% |
| Recurring financial income75 | €778 | €291 | ▼ 62.6% |
| Financial charges65/66B | €41 | €376 | ▲ 817% |
| Recurring financial charges65 | €41 | €376 | ▲ 817% |
| Profit (loss) for the period before taxes9903 | €13k | €3k | ▼ 78.6% |
| Income taxes67/77 | €3k | €509 | ▼ 82.0% |
| Profit (loss) for the period9904 | €10k | €2k | ▼ 77.6% |
| Profit (loss) for the period to be appropriated9905 | €10k | €2k | ▼ 77.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €140k | €171k | ▲ 21.5% |
| Fixed assets21/28 | €2k | €6k | ▲ 179% |
| Tangible fixed assets22/27 | €2k | €6k | ▲ 166% |
| Land and buildings22 | - | €4k | - |
| Plant, machinery and equipment23 | - | €1k | - |
| Furniture and vehicles24 | €2k | - | - |
| Financial fixed assets28 | - | €300 | - |
| Current assets29/58 | €138k | €164k | ▲ 19.0% |
| Stocks and contracts in progress3 | €87k | €90k | ▲ 4.0% |
| Stocks30/36 | €79k | €83k | ▲ 4.4% |
| Contracts in progress37 | €8k | €8k | = |
| Amounts receivable within one year40/41 | €40k | €21k | ▼ 48.1% |
| Trade receivables40 | €40k | €21k | ▼ 48.1% |
| Cash at bank and in hand54/58 | €12k | €49k | ▲ 307% |
| Deferred charges and accrued income490/1 | - | €5k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €140k | €171k | ▲ 21.5% |
| Equity10/15 | €13k | €15k | ▲ 18.0% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €10k | €10k | = |
| Distributable reserves133 | €10k | €10k | = |
| Profit (loss) carried forward14 | - | €2k | - |
| Amounts payable17/49 | €128k | €156k | ▲ 21.9% |
| Amounts payable after more than one year17 | - | €17k | - |
| Financial debts170/4 | - | €17k | - |
| Amounts payable within one year42/48 | €122k | €131k | ▲ 7.1% |
| Trade debts44 | €29k | €28k | ▼ 0.6% |
| Suppliers440/4 | €29k | €28k | ▼ 0.6% |
| Taxes, remuneration and social security45 | €15k | €11k | ▼ 27.7% |
| Taxes450/3 | €15k | €11k | ▼ 27.7% |
| Other amounts payable47/48 | €79k | €91k | ▲ 16.4% |
| Accrued charges and deferred income492/3 | €6k | €8k | ▲ 39.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €2k | ▼ 77.6% |
| + Depreciation and write-downs630 | - | €1k | - |
| Operating cash flow (approximation) | €10k | €4k | ▼ 63.4% |
| Investment in fixed assets (approximation) | - | €-5k | - |
| Change in cash | - | €37k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 32 days late
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2022
Ground area
148 m²
Building footprint
147 m²
Volume, LiDAR
1,025 m³
Parcel 44432C0885/00Y003, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Decorte Guitars
since 20222.339.220.623
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0885/00Y003 | Flanders | 148 m² | 1 · 147 m² | 9.4 m · 2 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.
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Of 1,289 companies in sector 47690 we hold annual accounts for 425. 253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-12-2022
Fiscal year end30-09
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
71209Other technical testing and analysis
95290Repair and maintenance of other personal and household goods
Contact
Website
www.decorteguitars.be
Website
www.lutheriedecorte.be
E-mail
info@decorteguitars.be
E-mail
kurtdecorte@lutheriedecorte.be
Phone
+32486284666Gent
Scores and ratios are computed by Checked and are not a credit decision.