Result
€344,643 €344,643
Back in profit in 2025, after a loss of €27,888 in 2024.
DECOLINE
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €3.2m (2014)
€3.1m▲ 7.3%
lowest -€59,946 (2006)
€344,643▲ €372,531
peak €3.0m (2018)
€2.2m▲ 18.9%
€2.2m▼ 21.7%
peak 50.8 FTE (2014)
39.1 FTE▼ 8.6%
Board7 names since 2020
4 directorsINITIUM and 3 others
Owners2 names in the annual accounts
100%Decoline Invest
Documentsfilings and deeds
18-06-202643 days before the deadline
2025abbreviated format
Back to profit: €344,643Staff from 42.8 FTE to 39.1 FTEEquity from €1.8m to €2.2mDebts from €2.8m to €2.2mCash from €447,912 to €286,545
Key points
from the 2025 annual accountsTurnover
≈ €5.3m estimated
The abbreviated format states no turnover.
Investments
€266,928 1.9 × depreciation
Green is investment, beige is depreciation. Machinery stands 87.0% higher than in 2024.
Staff
43 employees on 31-12-2025
In 2025, 9 people joined and 14 left.
Filings
26 annual accounts since 2000
The last five annual accounts were filed 26 to 43 days before the end of the period.
Position in the sector
€2.2m
More equity than 85% of companies in textiles. Sector median €475,198 · 200 companies.
Checked score
95
Excellent
Financially stronger than 59% of small companies in textiles (NACE 13)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 109 companies (NACE 13, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.2 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.3 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.12, cash €286,545
lowers risk
Profit of €344,643 (financial year 2025)
Figures for financial year 2025 (filed on 18-06-2026)
Founded in 1999
Calculation
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 13, small). It does better than 52% of them on solvency, 40% on liquidity, 62% on profitability and 83% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as DECOLINE has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of DECOLINE itself: 0.1% within 12 months.
Test of the method
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 20,137 companies, not a prediction for DECOLINE. 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
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.12 (2.08 in 2024), above the usual 1.5. Short-term debt is 41.3% and cash 6.4% of total assets. However, 51.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
36 days early
2023
36 days early
2022
26 days early
2021
32 days early
2020
31 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 13), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VB
VertoMan BV
Daily manager, Tom Vermeulen
- Decoline Invest 100%equity €12.9m (2025) · 2025 annual accounts of Decoline Invest
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0466573760
New director
VertoMan BV appointed, Meloumar BV resigned · Permanent representative: Tom Vermeulen · Director discharge: Meloumar BV · General meeting of 28-05-2024 · Gazette deed
1 director resigning
Olstra NV · Permanent representatives: Olivier Strauven and Bynens Maarten · General meeting of 31-12-2023 · Gazette deed
Permanent representatives: Maarten Bynens, Frank Custers and Marc Wagemans
Board meeting of 30-09-2020 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as DECOLINE: manufacture of textiles (NACE 13921). They are comparable in size and age: total assets between €2m and €9.3m, founded between 1982 and 1995.
Official details
Source: KBO- Status
- Active since 19-07-1999Normal situation
- Activity
- Manufacture of textilesNACE 13921and 6 others
- Joint committee
- 109Clothing and garment industry · annual accounts 2024
- Establishment unit
- 2.101.905.7673900 Pelt, since 21-12-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 05-10-2026
Annual accounts 2025
- €4.5m▼ 7.6%
- Employeeson 31-12-2025
- 43▼ 10.4%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Companies linked to DECOLINE
Parent and group
Insights on DECOLINE
DECOLINE files the abbreviated format. That format states no turnover. The gross margin rose from €154,813 in 2006 to €3.1m in 2025.
Decoline Invest holds all the shares.
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 DECOLINE
- What is the company number of DECOLINE?
- The company number of DECOLINE is 0466.573.760. The VAT number is the same number with BE in front: BE 0466.573.760.
- Where is DECOLINE based?
- The registered office is at Lieven Gevaertlaan 10, 3900 Pelt.Company details
- What does DECOLINE do?
- According to the KBO register, the main activity is manufacture of textiles (NACE 13921).
- What is the legal form of DECOLINE?
- DECOLINE is a private limited company (BV).
- When was DECOLINE founded?
- DECOLINE was founded on 19-07-1999.
- Is DECOLINE still active?
- Yes, DECOLINE is an active enterprise in the KBO register.
- How many employees does DECOLINE have?
- DECOLINE had an average of 39.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DECOLINE fall under?
- In its 2024 annual accounts, DECOLINE states joint committee 109 (Clothing and garment industry).
- What is the turnover of DECOLINE?
- The turnover in financial year 2025 is ≈ €5.3m. This figure is estimated from the gross margin of €3.1m and 1,585 comparable companies of the same size. It probably lies between €3.6m and €8.7m. It is a rough estimate.
- Is DECOLINE profitable?
- In financial year 2025, DECOLINE made a profit of €344,643.
- Where can I find the annual accounts of DECOLINE?
- DECOLINE filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DECOLINE due?
- DECOLINE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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