Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of DECOTI is 1.8% (moderate). The 2024 annual accounts show negative equity (€-7k) and a net result of €-25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 3381 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.8%
Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate region
+Annual accounts: weaker financial profile
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 26 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
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 29-06-2026, 333 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 29-06-2026 | 333 d late | 2026-00242717 |
| 31-12-2023 | 31-07-2024 | 25-09-2024 | 56 d late | 2024-00473543 |
| 31-12-2022 | 31-07-2023 | 30-08-2023 | 30 d late | 2023-00412200 |
| 31-12-2021 | 31-07-2022 | 27-09-2022 | 58 d late | 2022-20438773 |
| 31-12-2020 | 31-07-2021 | 19-10-2021 | 80 d late | 2021-72200322 |
| 31-12-2019 | 31-07-2020 | 02-11-2020 | 94 d late | 2020-68800182 |
| 31-12-2018 | 31-07-2019 | 30-09-2019 | 61 d late | 2019-68300562 |
| 31-12-2017 | 31-07-2018 | 28-09-2018 | 59 d late | 2018-66200123 |
| 31-12-2016 | 31-07-2017 | 28-09-2018 | 424 d late | 2018-66200121 |
| 31-12-2015 | 31-07-2016 | 21-09-2018 | 782 d late | 2018-64000368 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2008, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
Turnover€133k-10.5%
EBIT margin-15.1%-11.5pp
Net result€-25k-362.2%
Working capital€-11k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 29-06-2026 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Revenue: growth of ~3.3%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -5.7% | 25.2% | |
| Net result | €-25k | €4k | |
| Equity | €-7k | €22k | |
| Gross operating margin | €-2k | €19k | |
| Staff costs | €13k | €27k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P23
Stable position over 2020-2024
· n=977-3381
P11
Weakening position over 2020-2024
· n=974-3367
P20
Stable position over 2020-2024
· n=981-3388
P20
Weakening position over 2020-2024
· n=972-3353
Describes the position versus peers, not a forecast.
€133k
-10.5%
18-24
€-19k
-394.3%
18-24
€-25k
-362.2%
18-24
€-24k
-496.6%
18-24
€120k
-29.9%
18-24
€-7k
-
18-24
€-11k
-
18-24
0
-60.0%
18-24
Show 13 other metrics
€13k
+57.2%
18-24
€546
-
18-24
€127k
-17.1%
18-24
€127k
-17.1%
18-24
0.91
-16.9%
18-24
0.37
+5.1%
18-24
-5.7%
-
18-24
-18.45
-
18-24
361.9%
-
18-24
-20.7%
-559.0%
18-24
-18.7%
-416.7%
18-24
-14.4%
-452.6%
18-24
-3.70
+77.5%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | €133k |
| EBITDA | €-19k |
| Net profit | €-25k |
| Cash flow | €-24k |
| Staff costs | €13k |
| Income taxes | - |
| Dividends | - |
| Total assets | €120k |
| Equity | €-7k |
| Debt | €127k |
| of which ≤ 1y | €127k |
| of which > 1y | - |
| Working capital | €-11k |
| Employees (FTE) | 0.4 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.91 |
| Quick ratio | 0.37 |
| Working capital ratio | -9.1% |
| Solvency | -5.7% |
| Debt / equity | -18.45 |
| Long-term debt ratio | - |
| Interest coverage | -3.70 |
| Gross margin | -1.4% |
| Net margin | -18.7% |
| ROA | -20.7% |
| ROE | 361.9% |
| EBITDA margin | -14.4% |
| Days sales outstanding | 96d |
| Days payable outstanding | 81d |
| Inventory turnover | 1.94 |
| Days inventory (DSI) | 188d |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €120k |
| Fixed assets | 21/28 | €4k |
| Tangible fixed assets | 22/27 | €4k |
| Current assets | 29/58 | €116k |
| Stocks & contracts in progress | 3 | €69k |
| Amounts receivable within one year | 40/41 | €35k |
| Cash & bank | 54/58 | €12k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €120k |
| Equity | 10/15 | €-7k |
| Contributions / capital | 10/11 | €25k |
| Accumulated profits (losses) | 14 | €-32k |
| Amounts payable | 17/49 | €127k |
| Amounts payable within one year | 42/48 | €127k |
| Trade debts payable within one year | 44 | €30k |
| Income statement | ||
| Turnover | 70 | €133k |
| Gross operating margin | 9900 | €-2k |
| Operating result | 9901 | €-20k |
| Financial income | 75 | €267 |
| Financial charges | 65 | €5k |
| Result before taxes | 9903 | €-25k |
| Net result for the period | 9904 | €-25k |
| Result to be appropriated | 9905 | €-25k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed0
/ 100
Critical
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
EL HASSOUNI AbdellahDirector (executive)State Gazette act 24411389 (02-07-2024)Current13-10-2022 → present
2 events
- 02-07-2024 Appointed· Director (executive)
- 13-10-2022 Appointed· Director
Former directors (1)
-
EL HASSOUNI ABDELHAKIMDirectorState Gazette act 22121186 (13-10-2022)Former- → 13-10-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Handelsbemiddeling in de niet-gespecialiseerde groothandel(46190) |
| Legal form | Private limited company(610) |
| Incorporation | 11-07-2008 |
| Status | Active |
| Postal code | 1070 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Verheydenstraat 331070 AnderlechtEstablishment units
1 locationDECOTI
since 20182.284.545.285
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area988 m²
Buildings1
Building footprint1,055 m²
Volume (LiDAR)7,611 m³
Tallest building10.2 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0034/00F002 | Brussels | 987 m² | 1 · 1,055 m² | 10.2 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
3 acts Capital history · 2
14-05-2024
Capital change
13-10-2022
Capital change
All acts · 3
updated 2 years ago
2024
02-07-2024 3 directors appointed, 1 reappointed
- EL HASSOUNI Abdellah, Directeur
- Damien COLLON-WINDELINCKX, Directeur
- Bérengère Duplat, Directeur
- EL HASSOUNI Abdellah, Bestuurder
Notary:
Damien COLLON-WINDELINCKX · Etterbeek
14-05-2024 Transaction in capital or shares
2022
13-10-2022 Transaction in capital or shares
Analysis
Financial profile
5 of 5 axes measured46
/ 100
Mixed profile: strong on stability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
33
Solvency
43
Growth
55
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 643 of the 6,189 companies in this sector. 499 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Detailhandel in huismeubilair47551Detailhandel in huismeubilair in gespecialiseerde winkels47591Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren46150Groothandel in tapijten46473Detailhandel in andere huishoudelijke artikelen, neg47559Detailhandel in andere huishoudelijke artikelen in gespecialiseerde winkels, n.e.g.47599
Primary activity highlighted.
Names & trade names
| Legal nameNL | DECOTI |
Registered office
Verheydenstraat 33
1070 Anderlecht, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.