DECOSOL
Open bankruptcyA bankruptcy procedure is open for DECOSOL according to publications in the Belgian State Gazette; curator: KATHLEEN VELKENEERS.
Summary
The 2020 annual accounts show equity of €136,868 and a net result of €21,451.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Tongeren division
- Declared bankrupt
- 7 August 2023
- Supervising judge
- Willem Corstjens
- Official Gazette
- 14-08-2023 (pdf) ↗search the document for 2023/131620
Curator
- Kathleen VelkeneersKasteelstraat 23B, 3840 Borgloonleen@advvelkeneers.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Wholesale of electrical equipment, including installation materials sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, abbreviated schema
Equity
€136,868▲ 18.6%
2019 · €115,417
Total assets
€510,667▼ 6.8%
2019 · €548,006
Net result
€21,451▲ 9.8%
2019 · €19,534
Working capital
€189,566▲ 9.5%
2019 · €173,095
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
Line201820192020
Operating result€27,473-€40,767▲ 48.4%€48,884▲ 19.9%
Net result-€3,219-€19,534€21,451▲ 9.8%
Equity€95,883-€115,417▲ 20.4%€136,868▲ 18.6%
Total assets€558,423-€548,006▼ 1.9%€510,667▼ 6.8%
Debt€462,539-€432,588▼ 6.5%€373,798▼ 13.6%
Working capital€152,005-€173,095▲ 13.9%€189,566▲ 9.5%
Staff (FTE)0.6-0.4▼ 33.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 20% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €510,667
Fixed assets
€203,995 ▼ 4.3%
Current assets
€306,672 ▼ 8.4%
Equity and liabilities €510,667
Equity
€136,868 ▲ 18.6%
Debt
€373,798 ▼ 13.6%
Debt's share of the balance-sheet total falls from 78.9% to 73.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58,104▲
2019 · €49,987
Cash flow
€30,671▲
2019 · €28,754
Current ratio
2.62▲
2019 · 2.07
Quick ratio
2.37▲
2019 · 1.57
Debt to equity
2.73▲
2019 · 2.35
ROE
15.7%▼
2019 · 16.9%
ROA
4.2%▲
2019 · 3.6%
Interest coverage
3.17
Debt ≤ 1 year
€117,106▼
2019 · €161,696
Debt > 1 year
€256,693▼
2019 · €270,892
Income taxes
€11,816▲
2019 · €5,056
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,470 | €9,220 | €9,220 | = |
| Other operating charges640/8 | - | - | €1,079 | - |
| Non-recurring operating charges66A | - | - | €734 | - |
| Gross operating margin9900 | €95,709 | €79,365 | €59,917 | ▼ 24.5% |
| Operating profit (loss)9901 | €27,473 | €40,767 | €48,884 | ▲ 19.9% |
| Financial income75/76B | - | - | €2,694 | - |
| Recurring financial income75 | €372 | €2,803 | €2,694 | ▼ 3.9% |
| Financial charges65/66B | - | - | €18,311 | - |
| Recurring financial charges65 | €21,739 | €18,980 | €18,311 | ▼ 3.5% |
| Profit (loss) for the period before taxes9903 | €6,106 | €24,591 | €33,267 | ▲ 35.3% |
| Income taxes67/77 | €9,325 | €5,056 | €11,816 | ▲ 134% |
| Profit (loss) for the period9904 | -€3,219 | €19,534 | €21,451 | ▲ 9.8% |
| Profit (loss) for the period to be appropriated9905 | -€3,219 | €19,534 | €21,451 | ▲ 9.8% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €558,423 | €548,006 | €510,667 | ▼ 6.8% |
| Fixed assets21/28 | €222,435 | €213,215 | €203,995 | ▼ 4.3% |
| Tangible fixed assets22/27 | €221,860 | €212,640 | €203,420 | ▼ 4.3% |
| Land and buildings22 | - | - | €187,318 | - |
| Plant, machinery and equipment23 | - | - | €16,102 | - |
| Financial fixed assets28 | €575 | €575 | €575 | = |
| Current assets29/58 | €335,988 | €334,791 | €306,672 | ▼ 8.4% |
| Stocks and contracts in progress3 | €95,715 | €80,605 | €29,445 | ▼ 63.5% |
| Stocks30/36 | - | - | €29,445 | - |
| Amounts receivable within one year40/41 | €229,651 | €236,922 | €245,896 | ▲ 3.8% |
| Trade receivables40 | - | - | €228,689 | - |
| Other amounts receivable41 | - | - | €17,207 | - |
| Cash at bank and in hand54/58 | €9,226 | €15,487 | €31,071 | ▲ 101% |
| Deferred charges and accrued income490/1 | - | - | €260 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €558,423 | €548,006 | €510,667 | ▼ 6.8% |
| Equity10/15 | €95,883 | €115,417 | €136,868 | ▲ 18.6% |
| Contributions10/11 | €16,600 | €16,600 | €16,600 | = |
| Reserves13 | €79,283 | €98,817 | €120,268 | ▲ 21.7% |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - |
| Distributable reserves133 | - | - | €118,408 | - |
| Amounts payable17/49 | €462,539 | €432,588 | €373,798 | ▼ 13.6% |
| Amounts payable after more than one year17 | €278,557 | €270,892 | €256,693 | ▼ 5.2% |
| Financial debts170/4 | - | - | €256,693 | - |
| Amounts payable within one year42/48 | €183,983 | €161,696 | €117,106 | ▼ 27.6% |
| Current portion of amounts payable after more than one year42 | - | - | €14,199 | - |
| Financial debts43 | - | - | €64,807 | - |
| Credit institutions430/8 | - | - | €64,807 | - |
| Trade debts44 | - | €16,771 | €5,440 | ▼ 67.6% |
| Suppliers440/4 | - | - | €5,440 | - |
| Taxes, remuneration and social security45 | - | - | €18,184 | - |
| Taxes450/3 | - | - | €18,184 | - |
| Other amounts payable47/48 | - | - | €14,475 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,219 | €19,534 | €21,451 | ▲ 9.8% |
| + Depreciation and write-downs630 | €9,470 | €9,220 | €9,220 | = |
| Operating cash flow (approximation) | €6,251 | €28,754 | €30,671 | ▲ 6.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €6,261 | €15,584 | ▲ 149% |
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
2023
14-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 07-08-2023
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 345 days late
2021
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 194 days late
2020
31-12
Financial
Highest result since 2018net €21,451 ▲9.8%
Operating result €48,884, net result €21,451, both a record.
2019
31-12
Financial
Back to profitnet €19,534
Net result €19,534 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €115,417 ▲20.4%
Equity rises from €95,883 to €115,417.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
06-08
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Tongeren
01-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 25-06-2019
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
20-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 112 days late
2016
02-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 124 days late
Show earlier events
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 59 days late
2014
13-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 74 days late
2013
16-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 77 days late
2012
26-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Oudsbergen · 1 establishment unit since 2010
Ground area
121 m²
Building footprint
68 m²
Volume, LiDAR
229 m³
Parcel 71047A1004/00M004, Flanders · tallest building 4.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DECOSOL
since 20102.203.902.653
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71047A1004/00M004 | Flanders | 121 m² | 1 · 68 m² | 4.8 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KATHLEEN VELKENEERS KASTEELSTRAAT 23B,
3840 BORGLOON |
07-08-2023 → present |
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Of 1,244 companies in sector 46643 we hold annual accounts for 953. 632 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 (pre-2019)
Founded07-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
43222Installation of electric heating, air conditioning, cooling and ventilation
47527Retail trade
47540Retail sale of electrical household appliances
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.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.