DECOTIM
ActiveSummary
DECOTIM has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of €1.2m. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 9733 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+85
Solvency65▲+32
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 5.68 against 0.69 in 2023; short-term debt: 4% and cash: 0.6% of total assets), but 59.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2024Solvency, return and age of the figures
Solvency
40.1%
Return on assets
30.7%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €1.6m
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
43 d early
2023
34 d early
2022
23 d late
2021
30 d late
2020
3 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 June (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€1.6m▲ 326%
2023 · €375,018
Total assets
€4.0m▼ 18.5%
2023 · €4.9m
Net result
€1.2m
2023 · -€233,064
Working capital
€738,438
2023 · -€96,651
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€301,485▼ 36.1%-€19,594€79,069-€22,380€1.9m
Net result-€44,284below the sector's middle half▼ 191%-€181,429below the sector's middle half▼ 310%-€91,212below the sector's middle half▲ 49.7%-€233,064below the sector's middle half▼ 156%€1.2mabove the sector's middle half
Equity€880,724within the sector's middle half▼ 4.8%€699,295within the sector's middle half▼ 20.6%€608,082within the sector's middle half▼ 13.0%€375,018within the sector's middle half▼ 38.3%€1.6mabove the sector's middle half▲ 326%
Total assets€5.8mabove the sector's middle half▼ 67.5%€5.0mabove the sector's middle half▼ 15.0%€5.0mabove the sector's middle half▲ 1.0%€4.9mabove the sector's middle half▼ 2.4%€4.0mwithin the sector's middle half▼ 18.5%
Debt€5.0m▼ 70.9%€4.3m▼ 14.0%€4.4m▲ 3.2%€4.5m▲ 2.5%€1.9m▼ 57.6%
Working capital€322,039within the sector's middle half▼ 83.6%-€182,252below the sector's middle half-€59,477within the sector's middle half▲ 67.4%-€96,651within the sector's middle half▼ 62.5%€738,438above the sector's middle half
Solvency15.1%within the sector's middle half▲ 9.9pp14.1%within the sector's middle half▼ 1.0pp12.1%within the sector's middle half▼ 2.0pp7.7%below the sector's middle half▼ 4.5pp40.1%within the sector's middle half▲ 32.4pp
Current ratio1.51within the sector's middle half▲ 0.290.45below the sector's middle half▼ 1.060.81within the sector's middle half▲ 0.360.69within the sector's middle half▼ 0.125.68above the sector's middle half▲ 4.99
Return on assets (ROA)-0.8%within the sector's middle half▼ 0.7pp-3.7%below the sector's middle half▼ 2.9pp-1.8%below the sector's middle half▲ 1.8pp-4.8%below the sector's middle half▼ 2.9pp30.7%above the sector's middle half▲ 35.4pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1.9m after a loss of €22,380 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.0m
Fixed assets
€3.1m ▼ 33.9%
Current assets
€896,088 ▲ 314%
Equity and liabilities €4.0m
Equity
€1.6m ▲ 326%
Provisions
€475,284
Debt
€1.9m ▼ 57.6%
Debt's share of the balance-sheet total falls from 92.3% to 48.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.9m▲
2023 · €48,904
Cash flow
€1.2m▲
2023 · -€161,780
Debt to equity
1.20▼
2023 · 12.05
ROE
76.5%▲
2023 · -62.1%
Interest coverage
11.51▲
2023 · 0.23
Debt ≤ 1 year
€157,651▼
2023 · €313,092
Debt > 1 year
€1.6m▼
2023 · €4.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €29,146 | €78,825 | - | €1.9m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70,361 | €71,395 | €71,284 | €71,284 | €20,954 | ▼ 70.6% |
| Other operating charges640/8 | - | €21,509 | €5,289 | €24,723 | €19,436 | ▼ 21.4% |
| Non-recurring operating charges66A | - | - | €2,602 | - | - | - |
| Gross operating margin9900 | €391,536 | €73,310 | €158,244 | €73,627 | €1.9m | ▲ 2,468% |
| Operating profit (loss)9901 | €301,485 | -€19,594 | €79,069 | -€22,380 | €1.9m | ▲ 8,367% |
| Financial income75/76B | - | €579 | - | €1,168 | €10,324 | ▲ 784% |
| Recurring financial income75 | €239,050 | €579 | - | €1,168 | €10,324 | ▲ 784% |
| Financial charges65/66B | - | €162,414 | €170,281 | €211,852 | €162,519 | ▼ 23.3% |
| Recurring financial charges65 | €584,819 | €162,414 | €170,281 | €211,852 | €162,519 | ▼ 23.3% |
| Profit (loss) for the period before taxes9903 | -€44,284 | -€181,429 | -€91,212 | -€233,064 | €1.7m | ▲ 829% |
| Transfer to deferred taxes680 | - | - | - | - | €475,284 | - |
| Profit (loss) for the period9904 | -€44,284 | -€181,429 | -€91,212 | -€233,064 | €1.2m | ▲ 625% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €1.4m | - |
| Profit (loss) for the period to be appropriated9905 | -€44,284 | -€181,429 | -€91,212 | -€233,064 | -€203,093 | ▲ 12.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.8m | €5.0m | €5.0m | €4.9m | €4.0m | ▼ 18.5% |
| Fixed assets21/28 | €4.9m | €4.8m | €4.8m | €4.7m | €3.1m | ▼ 33.9% |
| Intangible fixed assets21 | €155 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2.4m | €2.3m | €2.3m | €2.2m | €610,710 | ▼ 72.2% |
| Other tangible fixed assets26 | - | €2.3m | €2.3m | €2.2m | €610,710 | ▼ 72.2% |
| Assets under construction and advance payments27 | - | - | €10,114 | - | - | - |
| Financial fixed assets28 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Current assets29/58 | €959,697 | €147,354 | €255,757 | €216,441 | €896,088 | ▲ 314% |
| Stocks and contracts in progress3 | €69,105 | €69,105 | €69,105 | €89,667 | €0 | ▼ 100% |
| Stocks30/36 | - | €69,105 | €69,105 | €89,667 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €131,530 | €51,991 | €87,975 | €84,602 | €83,849 | ▼ 0.9% |
| Trade receivables40 | - | €11,912 | €8,864 | €3,500 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €40,080 | €79,111 | €81,103 | €83,849 | ▲ 3.4% |
| Current investments50/53 | - | - | - | - | €790,000 | - |
| Cash at bank and in hand54/58 | €753,130 | €19,677 | €98,677 | €27,020 | €22,239 | ▼ 17.7% |
| Deferred charges and accrued income490/1 | - | €6,581 | - | €15,152 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.8m | €5.0m | €5.0m | €4.9m | €4.0m | ▼ 18.5% |
| Equity10/15 | €880,724 | €699,295 | €608,082 | €375,018 | €1.6m | ▲ 326% |
| Contributions10/11 | €900,000 | €900,000 | €900,000 | €900,000 | €900,000 | = |
| Capital10 | - | €900,000 | €900,000 | €900,000 | €900,000 | = |
| Issued capital100 | - | €900,000 | €900,000 | €900,000 | €900,000 | = |
| Reserves13 | €2,500 | €2,500 | €2,500 | €2,500 | €1.4m | ▲ 57,034% |
| Non-distributable reserves130/1 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Legal reserve130 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Tax-exempt reserves132 | - | - | - | - | €1.4m | - |
| Profit (loss) carried forward14 | -€21,776 | -€203,205 | -€294,418 | -€527,482 | -€730,575 | ▼ 38.5% |
| Provisions and deferred taxes16 | - | - | - | - | €475,284 | - |
| Deferred taxes168 | - | - | - | - | €475,284 | - |
| Amounts payable17/49 | €5.0m | €4.3m | €4.4m | €4.5m | €1.9m | ▼ 57.6% |
| Amounts payable after more than one year17 | €4.0m | €3.7m | €3.8m | €4.0m | €1.6m | ▼ 59.9% |
| Financial debts170/4 | - | €1.1m | €983,469 | €846,249 | €1.6m | ▲ 88.9% |
| Other amounts payable178/9 | - | €2.6m | €2.9m | €3.1m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €637,658 | €329,606 | €315,234 | €313,092 | €157,651 | ▼ 49.6% |
| Current portion of amounts payable after more than one year42 | - | €142,538 | €145,502 | €148,528 | €0 | ▼ 100% |
| Trade debts44 | €319,532 | €108,243 | €90,907 | €85,739 | €78,825 | ▼ 8.1% |
| Suppliers440/4 | - | €108,243 | €90,907 | €85,739 | €78,825 | ▼ 8.1% |
| Other amounts payable47/48 | - | €78,825 | €78,825 | €78,825 | €78,825 | = |
| Accrued charges and deferred income492/3 | - | €266,650 | €247,035 | €215,236 | €159,304 | ▼ 26.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,284 | -€181,429 | -€91,212 | -€233,064 | €1.2m | ▲ 625% |
| + Depreciation and write-downs630 | €70,361 | €71,395 | €71,284 | €71,284 | €20,954 | ▼ 70.6% |
| Operating cash flow (approximation) | €26,077 | -€110,034 | -€19,928 | -€161,780 | €1.2m | ▲ 869% |
| Investment in fixed assets (approximation) | - | -€5,406 | -€10,114 | €10,114 | €1.6m | ▲ 15,367% |
| Change in cash | - | -€733,453 | €79,000 | -€71,657 | -€4,781 | ▲ 93.3% |
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
29-09
State Gazette act
Resignation: Sophie Grulois (director)Appointment: Yeliz Bicici (director) · Power of attorney9 facts ▸
State Gazette act
Resignation: Sophie Grulois (director)
Appointment: Yeliz Bicici (director) · Power of attorney9 facts ▸
- General meeting, 27-07-2026
- Director resignation, Sophie Grulois (director)
- Director appointment, Yeliz Bicici (director)
- Power of attorney, Koen Hoornaert
- Power of attorney, Laurent Detaille
- Power of attorney, Inès du Parc Locmaria
- Power of attorney, Marie Laure Kashimba
- Power of attorney, Louise-Cécile Lauwers
- Other statement, neerleggings- en publicatieverplichtingen artikel 2:14 WVV, power of attorney grantee organ
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €1.2m
Net result €1.2m after 5 loss-making years.
31-12
Financial
Liquidity times 8current ratio 5.68
Current ratio from 0.69 to 5.68; short-term debt falls from €313,092 to €157,651.
31-12
Financial
Equity above €1mEq €1.6m ▲326%
Equity rises from €375,018 to €1.6m.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€233,064
Net result drops to -€233,064, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Yeliz Bicici
CurrentDirector · since 29-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2013
Ground area
3,359 m²
Building footprint
1,196 m²
Volume, LiDAR
24,027 m³
Parcel 44043A0411/00F002, Flanders · tallest building 23.3 m, ±7 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
DECOTIM
since 20132.220.906.258
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0411/00F002 | Flanders | 3,359 m² | 1 · 1,196 m² | 23.3 m · 7 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Yeliz Bicici |
|
| Sophie Grulois |
|
Articles of association
Other statement
2 provisions in the deed
Structure & network
Part of the group
ALDEA GROUP
15 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holding · 2 subsidiaries in the treeChain of control
- ALDEA GROUP
- CURALEASE
- DECOTIM
Highest known parent: ALDEA GROUP. The sources do not say who stands above it.
Owners 1
- CURALEASEparentSourceaccounts CURALEASE 202499.93%
Holdings 1
-
99.98%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
According to the 2024 annual accounts of DECOTIM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 4,526 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0535660526
Also
9925:BE0535660526
Registered
06-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.