DECOTI
ActiveSummary
The computed 12-month bankruptcy probability of DECOTI is 4.5% (elevated). The 2024 annual accounts show negative equity (-€6,867) and a net result of -€24,856. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 19% of 15,439 sector peers (NACE 46, financial year 2024). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-07-2008 Normal situation
- Activity
- Agents in non-specialised wholesale trade NACE 46190and 4 others
- Establishment unit
- 2.284.545.285 1070 Anderlecht, since 01-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 18-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.5%
- Turnover
- €132,646
- ▼ 10.5%
- Loss
- €24,856
- ▲ 362%
- Equity
- -€6,867
- Total assets
- €119,839
- ▼ 29.9%
- Staff
- 0.4 FTE
- ▼ 60.0%
- Negative equity on 31-12-2024
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 333 days late; 2 of the last 3 accounts lateLoss of €24,856, the second in a row (financial year 2024)lowers riskFounded in 2008Size: turnover €132,646, total assets €119,839Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 15% of them on solvency, 13% on liquidity, 6% on profitability and 18% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 109 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 29-06-2026 PDF all 16 filings
Every figure per financial year
The operating result for 2024 is a loss of €19,971, larger than the loss of €5,220 in 2023. It is the lowest result since 2020.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | - |
| full-time | 1 | 1 | 1 | - |
| in full-time equivalents | 1 | 1 | 1 | - |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 0.4 |
| On a permanent contract | 1 | 1 | 1 | - |
| Joined | 0 | 0 | 0 | 1 |
| Left | 1 | 1 | 1 | 2 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €1,892 | €2,485 | - | €2,135 |
| Depreciation and write-downs of the year | €863 | €1,147 | €1,364 | €911 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €10,758 | €145,462 | €131,514 | €196,668 | €160,165 | €148,290 | €132,646 | ▼ 10.5% |
| Non-recurring operating income76A | - | - | - | €1,116 | - | - | €72 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €160,290 | €139,649 | €143,719 | €134,485 | ▼ 6.4% |
| Remuneration, social security and pensions62 | - | - | - | €9,465 | €10,495 | €7,992 | €12,562 | ▲ 57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €600 | €600 | €863 | €1,147 | €1,364 | €911 | ▼ 33.2% |
| Other operating charges640/8 | - | - | - | €1,374 | €675 | €435 | €4,730 | ▲ 987% |
| Gross operating margin9900 | €3,007 | -€6,376 | €18,249 | €37,494 | €20,516 | €4,571 | -€1,767 | - |
| Operating profit (loss)9901 | -€627 | -€25,036 | -€10,104 | €25,792 | €8,199 | -€5,220 | -€19,971 | ▼ 283% |
| Financial income75/76B | - | - | - | €250 | €5 | €76 | €267 | ▲ 249% |
| Recurring financial income75 | €2,235 | €10 | €235 | €250 | €5 | €76 | €267 | ▲ 249% |
| Financial charges65/66B | - | - | - | €303 | €364 | €234 | €5,152 | ▲ 22× |
| Recurring financial charges65 | - | €113 | €414 | €303 | €364 | €234 | €5,152 | ▲ 22× |
| Profit (loss) for the period before taxes9903 | €1,608 | -€25,139 | -€10,283 | €25,738 | €7,839 | -€5,377 | -€24,856 | ▼ 362% |
| Income taxes67/77 | €546 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €1,061 | -€25,139 | -€10,283 | €25,738 | €7,839 | -€5,377 | -€24,856 | ▼ 362% |
| Profit (loss) for the period to be appropriated9905 | €1,061 | -€25,139 | -€10,283 | €25,738 | €7,839 | -€5,377 | -€24,856 | ▼ 362% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €42,126 | €84,904 | €115,446 | €170,355 | €182,171 | €170,842 | €119,839 | ▼ 29.9% |
| Fixed assets21/28 | - | €2,400 | €1,800 | €2,829 | €4,167 | €2,803 | €4,026 | ▲ 43.6% |
| Tangible fixed assets22/27 | - | €2,400 | €1,800 | €2,829 | €4,167 | €2,803 | €4,026 | ▲ 43.6% |
| Plant, machinery and equipment23 | - | - | - | €1,139 | €794 | €448 | €103 | ▼ 77.0% |
| Furniture and vehicles24 | - | - | - | €1,690 | €920 | €150 | - | - |
| Other tangible fixed assets26 | - | - | - | - | €2,453 | €2,205 | €3,923 | ▲ 77.9% |
| Current assets29/58 | €42,126 | €82,504 | €113,646 | €167,526 | €178,004 | €168,039 | €115,813 | ▼ 31.1% |
| Stocks and contracts in progress3 | €4,983 | €44,965 | €68,955 | €121,166 | €166,979 | €114,569 | €69,215 | ▼ 39.6% |
| Stocks30/36 | - | - | - | €121,166 | €166,979 | €114,569 | €69,215 | ▼ 39.6% |
| Amounts receivable within one year40/41 | €37,143 | €34,847 | €43,653 | €40,181 | €7,291 | €42,547 | €34,885 | ▼ 18.0% |
| Trade receivables40 | - | - | - | €40,181 | €7,291 | €42,547 | €34,885 | ▼ 18.0% |
| Cash at bank and in hand54/58 | - | €2,693 | €1,038 | €6,178 | €3,734 | €10,924 | €11,712 | ▲ 7.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €42,126 | €84,904 | €115,446 | €170,355 | €182,171 | €170,842 | €119,839 | ▼ 29.9% |
| Equity10/15 | €25,211 | €72 | -€10,211 | €15,527 | €23,366 | €17,989 | -€6,867 | - |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €211 | -€24,928 | -€35,211 | -€9,473 | -€1,634 | -€7,011 | -€31,867 | ▼ 355% |
| Amounts payable17/49 | €16,914 | €84,832 | €125,657 | €154,828 | €158,805 | €152,853 | €126,706 | ▼ 17.1% |
| Amounts payable within one year42/48 | €16,914 | €84,832 | €125,657 | €154,828 | €158,805 | €152,853 | €126,706 | ▼ 17.1% |
| Trade debts44 | €16,368 | €65,230 | €45,791 | €60,587 | €58,540 | €43,073 | €29,728 | ▼ 31.0% |
| Suppliers440/4 | - | - | - | €60,587 | €58,540 | €43,073 | €29,728 | ▼ 31.0% |
| Advances received on contracts in progress46 | - | - | - | - | €7,000 | €12,000 | €2,500 | ▼ 79.2% |
| Taxes, remuneration and social security45 | - | - | - | €12,968 | €10,785 | €17,102 | €16,998 | ▼ 0.6% |
| Taxes450/3 | - | - | - | €9,856 | €6,969 | €12,099 | €10,696 | ▼ 11.6% |
| Remuneration and social security454/9 | - | - | - | €3,112 | €3,816 | €5,003 | €6,302 | ▲ 26.0% |
| Other amounts payable47/48 | - | - | - | €81,273 | €82,480 | €80,678 | €77,480 | ▼ 4.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,061 | -€25,139 | -€10,283 | €25,738 | €7,839 | -€5,377 | -€24,856 | ▼ 362% |
| + Depreciation and write-downs630 | - | €600 | €600 | €863 | €1,147 | €1,364 | €911 | ▼ 33.2% |
| Operating cash flow (approximation) | €1,061 | -€24,539 | -€9,683 | €26,601 | €8,986 | -€4,014 | -€23,945 | ▼ 497% |
| Investment in fixed assets (approximation) | - | - | €0 | -€1,892 | -€2,485 | €0 | -€2,135 | - |
| Change in cash | - | - | -€1,655 | €5,140 | -€2,444 | €7,190 | €788 | ▼ 89.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as DECOTI has now. Two years later, 85.4% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DECOTI itself: 4.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,907 companies, not a prediction for DECOTI. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-06-2026 | 2026-00242717 | |
| 31-12-2023 | micro format | 25-09-2024 | 2024-00473543 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00412200 | |
| 31-12-2021 | micro format | 27-09-2022 | 2022-20438773 | |
| 31-12-2020 | micro format | 19-10-2021 | 2021-72200322 | |
| 31-12-2019 | micro format | 02-11-2020 | 2020-68800182 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68300562 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-66200123 | |
| 31-12-2016 | micro format | 28-09-2018 | 2018-66200121 | |
| 31-12-2015 | full format | 21-09-2018 | 2018-64000368 |
Board & ownership
Directors
Owners and capital
Shareholders
- EL HASSOUNI Abdellah all shares
- EL HASSOUNI ABDELLAH 100 shares
- NADID AYOUB to EL HASSOUNI ABDELLAH 10 shares
- EL HASSOUNI ABDELLAH 90 shares
- NADID AYOUB 10 shares
- EL HASSOUNI ABDELHAKIM to EL HASSOUNI ABDELLAH 40 shares
Capital transactions
- 02-07-2024 Converted to unavailable equity · €25,000
- 13-10-2022 Capital stated in the deed · 100 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| EL HASSOUNI Abdellah |
|
| EL HASSOUNI ABDELHAKIM |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Personnes physiques ou morales, actionnaires ou non, 1”
Articles of association, deed of 02-07-2024 (in Dutch)
Network & group
DECOTI shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of DECOTI. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
02-07
Gazette deed
Change of role: EL HASSOUNI Abdellah, from manager to directorShareholding · Power of attorney · Amendment of the articles23 points ▸
- General meeting, 28-06-2024
- EL HASSOUNI Abdellah holds all the shares
- Other provision, “représentation à l'assemblée, mandat sous seing privé” (deed in Dutch)
- Other provision, “ordre du jour”, 1 (deed in Dutch)
- Other provision, “ordre du jour”, 2 (deed in Dutch)
- Other provision, “ordre du jour”, 3 (deed in Dutch)
- Power of attorney, Damien COLLON-WINDELINCKX, mentioned 2 times in the deed
- Other provision, “ordre du jour”, 5 (deed in Dutch)
- Other provision, “ordre du jour”, 6 (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in Dutch)
- Capital conversion, “compte de capitaux propres statutairement indisponible, supprimer” (deed in Dutch)
- The act holds 11 more points.
14-05
Gazette deed
Transfer of 10 sharesShareholding3 points ▸
- General meeting, 26-12-2023
- Share transfer, NADID AYOUB → EL HASSOUNI ABDELLAH
- EL HASSOUNI ABDELLAH holds 100 shares
13-10
Gazette deed
Transfer of 40 sharesResignation: EL HASSOUNI ABDELHAKIM (director) · Shareholding7 points ▸
- General meeting, 01-09-2022
- Share transfer, EL HASSOUNI ABDELHAKIM → EL HASSOUNI ABDELLAH
- EL HASSOUNI ABDELLAH holds 90 shares
- NADID AYOUB holds 10 shares
- Capital
- Director resignation, EL HASSOUNI ABDELHAKIM (director)
- Board composition, EL HASSOUNI ABDELLAH (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21304B0034/00F002 | Brussels | 987 m² | 1 · 1,055 m² | 10.2 m · 2 |