DECOTRAP
ActiveSummary
DECOTRAP has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €138,612. Equity is growing by ~53.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-15
Solvency71▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.49 in 2024; short-term debt: 34.4% and cash: 1.8% of total assets), and 53.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.5%
Return on assets
2.2%
Age of the figures
9 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 13-06-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
11 d late
2023
22 d early
2022
48 d early
2021
26 d late
2020
75 d early
2019
on the day
← 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 22 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 employer in Limburg, Wood and cork sector#4 fastest grower in Heusden-Zolder#8 company by equity in Heusden-Zolder, Manufacturing sector
Equity
€2.9m▲ 5.0%
2024 · €2.8m
Total assets
€6.3m▲ 0.4%
2024 · €6.3m
Net result
€138,612▼ 67.2%
2024 · €422,717
Working capital
€683,654▼ 30.3%
2024 · €980,287
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
Line20212022202320242025
Operating result€503,335▲ 23.0%€920,562▲ 82.9%€980,109▲ 6.5%€686,890▼ 29.9%€220,766▼ 67.9%
Net result€373,411▲ 30.6%€721,460▲ 93.2%€687,309▼ 4.7%€422,717▼ 38.5%€138,612▼ 67.2%
Equity€958,864▲ 63.8%€1.7m▲ 75.2%€2.4m▲ 40.9%€2.8m▲ 17.9%€2.9m▲ 5.0%
Total assets€1.9m▼ 26.2%€5.5m▲ 189%€6.2m▲ 12.7%€6.3m▲ 1.0%€6.3m▲ 0.4%
Debt€945,762▼ 52.6%€3.8m▲ 305%€3.8m▲ 0.4%€3.5m▼ 9.3%€3.4m▼ 3.3%
Working capital€805,143▲ 100%€110,626▼ 86.3%€992,842▲ 797%€980,287▼ 1.3%€683,654▼ 30.3%
Staff (FTE)32.1▲ 22.5%31.6▼ 1.6%36.5▲ 15.5%43.8▲ 20.0%46.3▲ 5.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Net result -67% on 2024. Cause not known from the registers.
- 2022 Net result +93%, Equity +75%, Total assets +189% on 2021. Cause not known from the registers.
- 2021 Equity +64% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 68% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.3m
Fixed assets
€3.4m ▲ 4.6%
Current assets
€2.8m ▼ 4.3%
Equity and liabilities €6.3m
Equity
€2.9m ▲ 5.0%
Debt
€3.4m ▼ 3.3%
Debt's share of the balance-sheet total falls from 55.5% to 53.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€403,525▼
2024 · €846,082
Cash flow
€321,371▼
2024 · €581,909
Current ratio
1.32▼
2024 · 1.49
Quick ratio
0.44▼
2024 · 0.62
Debt to equity
1.15▼
2024 · 1.25
ROE
4.7%▼
2024 · 15.1%
ROA
2.2%▼
2024 · 6.7%
Interest coverage
4.90▼
2024 · 9.39
Debt ≤ 1 year
€2.2m▲
2024 · €2.0m
Debt > 1 year
€1.2m▼
2024 · €1.5m
Income taxes
€87,086▼
2024 · €184,824
Staff costs
€3.0m▲
2024 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,040 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.6m | €1.7m | €2.4m | €2.7m | €3.0m | ▲ 11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115,537 | €76,806 | €92,377 | €159,192 | €182,760 | ▲ 14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €8,283 | - |
| Other operating charges640/8 | €25,174 | €16,541 | €8,034 | €10,790 | €19,694 | ▲ 82.5% |
| Non-recurring operating charges66A | €71,457 | - | - | €46,728 | - | - |
| Gross operating margin9900 | €2.3m | €2.7m | €3.5m | €3.6m | €3.5m | ▼ 4.3% |
| Operating profit (loss)9901 | €503,335 | €920,562 | €980,109 | €686,890 | €220,766 | ▼ 67.9% |
| Financial income75/76B | €4,424 | €8,117 | €4,664 | €10,779 | €87,323 | ▲ 710% |
| Recurring financial income75 | €4,424 | €8,117 | €4,664 | €10,779 | €87,323 | ▲ 710% |
| Financial charges65/66B | €34,871 | €51,719 | €95,235 | €90,128 | €82,391 | ▼ 8.6% |
| Recurring financial charges65 | €34,871 | €51,719 | €95,235 | €90,128 | €82,391 | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €472,887 | €876,960 | €889,539 | €607,542 | €225,697 | ▼ 62.9% |
| Income taxes67/77 | €99,477 | €155,500 | €202,230 | €184,824 | €87,086 | ▼ 52.9% |
| Profit (loss) for the period9904 | €373,411 | €721,460 | €687,309 | €422,717 | €138,612 | ▼ 67.2% |
| Transfer from tax-exempt reserves789 | €44,717 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €418,127 | €721,460 | €687,309 | €422,717 | €138,612 | ▼ 67.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €5.5m | €6.2m | €6.3m | €6.3m | ▲ 0.4% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €287,771 | €3.4m | €3.2m | €3.3m | €3.4m | ▲ 4.6% |
| Intangible fixed assets21 | - | - | - | - | €6,111 | - |
| Tangible fixed assets22/27 | €287,339 | €296,851 | €631,792 | €696,866 | €843,072 | ▲ 21.0% |
| Land and buildings22 | €3,783 | €13,425 | €10,859 | €8,292 | €10,206 | ▲ 23.1% |
| Plant, machinery and equipment23 | €223,560 | €228,561 | €432,275 | €474,298 | €655,056 | ▲ 38.1% |
| Furniture and vehicles24 | €59,996 | €54,865 | €188,658 | €214,276 | €177,810 | ▼ 17.0% |
| Leasing and similar rights25 | - | - | - | - | €0 | - |
| Other tangible fixed assets26 | - | - | - | - | €0 | - |
| Assets under construction and advance payments27 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €433 | €3.1m | €2.6m | €2.6m | €2.6m | = |
| Current assets29/58 | €1.6m | €2.1m | €3.0m | €3.0m | €2.8m | ▼ 4.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €50,000 | - |
| Trade receivables290 | - | - | - | - | €0 | - |
| Other amounts receivable291 | - | - | - | - | €50,000 | - |
| Stocks and contracts in progress3 | €756,908 | €1.3m | €1.6m | €1.7m | €1.9m | ▲ 8.2% |
| Stocks30/36 | €756,908 | €1.3m | €1.5m | €1.7m | €1.8m | ▲ 9.4% |
| Contracts in progress37 | - | - | €123,150 | €81,904 | €68,640 | ▼ 16.2% |
| Amounts receivable within one year40/41 | €698,727 | €723,335 | €977,905 | €929,117 | €793,874 | ▼ 14.6% |
| Trade receivables40 | €619,533 | €717,635 | €940,234 | €915,421 | €703,790 | ▼ 23.1% |
| Other amounts receivable41 | €79,194 | €5,700 | €37,671 | €13,696 | €90,083 | ▲ 558% |
| Current investments50/53 | - | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €161,220 | €78,342 | €343,104 | €300,736 | €115,651 | ▼ 61.5% |
| Deferred charges and accrued income490/1 | - | €48,897 | €35,370 | €1,988 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €5.5m | €6.2m | €6.3m | €6.3m | ▲ 0.4% |
| Equity10/15 | €958,864 | €1.7m | €2.4m | €2.8m | €2.9m | ▲ 5.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Revaluation surpluses12 | - | - | - | - | €0 | - |
| Reserves13 | €940,264 | €1.7m | €2.3m | €2.8m | €2.9m | ▲ 5.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | €0 | - |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | €0 | - |
| Own shares acquired1312 | - | - | - | - | €0 | - |
| Financial assistance1313 | - | - | - | - | €0 | - |
| Other1319 | - | - | - | - | €0 | - |
| Tax-exempt reserves132 | - | - | - | - | €0 | - |
| Distributable reserves133 | €938,404 | €1.7m | €2.3m | €2.8m | €2.9m | ▲ 5.0% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Investment grants15 | - | - | - | - | €0 | - |
| Advance to shareholders on the distribution of net assets19 | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | - | - | - | - | €0 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0 | - |
| Pensions and similar obligations160 | - | - | - | - | €0 | - |
| Taxes161 | - | - | - | - | €0 | - |
| Major repairs and maintenance162 | - | - | - | - | €0 | - |
| Environmental obligations163 | - | - | - | - | €0 | - |
| Other liabilities and charges164/5 | - | - | - | - | €0 | - |
| Deferred taxes168 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €945,762 | €3.8m | €3.8m | €3.5m | €3.4m | ▼ 3.3% |
| Amounts payable after more than one year17 | €64,545 | €1.8m | €1.8m | €1.5m | €1.2m | ▼ 17.6% |
| Financial debts170/4 | €64,545 | €1.8m | €1.8m | €1.5m | €1.2m | ▼ 17.6% |
| Trade debts175 | - | - | - | - | €0 | - |
| Advances received on contracts in progress176 | - | - | - | - | €0 | - |
| Other amounts payable178/9 | - | - | - | - | €0 | - |
| Amounts payable within one year42/48 | €811,712 | €2.0m | €2.0m | €2.0m | €2.2m | ▲ 8.4% |
| Current portion of amounts payable after more than one year42 | €41,375 | €326,659 | €395,765 | €386,229 | €431,553 | ▲ 11.7% |
| Financial debts43 | €84,989 | €290,035 | €47,933 | €23,870 | €83,513 | ▲ 250% |
| Credit institutions430/8 | €84,989 | €290,035 | €47,933 | €23,870 | €83,513 | ▲ 250% |
| Other loans439 | - | - | - | - | €0 | - |
| Trade debts44 | €530,622 | €629,651 | €854,741 | €814,986 | €893,414 | ▲ 9.6% |
| Suppliers440/4 | €530,622 | €629,651 | €854,741 | €814,986 | €893,414 | ▲ 9.6% |
| Bills of exchange payable441 | - | - | - | - | €0 | - |
| Advances received on contracts in progress46 | - | €355,703 | €235,339 | €337,756 | €395,532 | ▲ 17.1% |
| Taxes, remuneration and social security45 | €154,725 | €200,569 | €352,870 | €360,948 | €362,326 | ▲ 0.4% |
| Taxes450/3 | €12,296 | €22,370 | €61,427 | €69,305 | €31,134 | ▼ 55.1% |
| Remuneration and social security454/9 | €142,429 | €178,198 | €291,443 | €291,643 | €331,192 | ▲ 13.6% |
| Other amounts payable47/48 | - | €200,000 | €125,000 | €75,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €69,506 | €745 | €7,245 | €28,645 | €1,863 | ▼ 93.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €373,411 | €721,460 | €687,309 | €422,717 | €138,612 | ▼ 67.2% |
| + Depreciation and write-downs630 | €115,537 | €76,806 | €92,377 | €159,192 | €182,760 | ▲ 14.8% |
| Operating cash flow (approximation) | €488,947 | €798,266 | €779,685 | €581,909 | €321,371 | ▼ 44.8% |
| Investment in fixed assets (approximation) | - | -€3.2m | €97,683 | -€249,266 | -€335,077 | ▼ 34.4% |
| Change in cash | - | -€82,878 | €264,762 | -€42,368 | -€185,084 | ▼ 337% |
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
13-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2mEq €2.4m ▲40.9%
6 profitable years in a row build equity to €2.4m.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €721,460 ▲93.2%
Net result €721,460, the highest in the series.
31-12
Financial
Equity above €1mEq €1.7m ▲75.2%
5 profitable years in a row build equity to €1.7m.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500,000Eq €585,453 ▲95.5%
3 profitable years in a row build equity to €585,453.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Heusden-Zolder · 2 establishment units since 2007
Ground area
2.4 ha
Building footprint
5,209 m²
Volume, LiDAR
15,755 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
DECOTRAP
since 20072.161.738.634
Oosterzelesteenweg 117A, 9230 Wetteren
since 20192.297.552.292
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G1482/00A000 | Flanders | 1.5 ha | 1 · 179 m² | 8.9 m · 2 fl. |
| 71065A0205/00R014 | Flanders | 9,292 m² | 1 · 5,030 m² | 6.7 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 2 holdingsOwners 1
-
20%
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of DECOTRAP 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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 5,669 EUR awarded · 5,669 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,360 EUR | 3,360 EUR |
| 2024 | 1 | 0 EUR | 187 EUR |
| 2023 | 1 | 187 EUR | 2,016 EUR |
| 2022 | 1 | 2,122 EUR | 106 EUR |
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Of 1,599 companies in sector 16230 we hold annual accounts for 784. 247 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
Founded26-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
43320Joinery installation
31002Manufacture of furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887522977
Registered
12-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.