DECOURTY
ActiveSummary
DECOURTY has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €136,119 and a net result of €20,696. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+83
Solvency99▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 3.24 against 3.63 in 2023; short-term debt: 25.2% and cash: 60.8% of total assets), and 25.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
8 d early
2022
35 d early
2021
31 d early
2020
60 d late
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#4 oldest company in Geer
Equity
€136,119▲ 17.9%
2023 · €115,423
Total assets
€182,774▲ 26.0%
2023 · €145,074
Net result
€20,696
2023 · -€32,003
Working capital
€103,419▲ 33.2%
2023 · €77,644
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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-€309▲ 98.4%€18,724-€1,154-€30,755▼ 2,565%€23,885
Net result-€2,610below the sector's middle half▲ 88.5%€13,260within the sector's middle half-€2,123below the sector's middle half-€32,003below the sector's middle half▼ 1,407%€20,696within the sector's middle half
Equity€136,289above the sector's middle half▼ 1.9%€149,549above the sector's middle half▲ 9.7%€147,426above the sector's middle half▼ 1.4%€115,423within the sector's middle half▼ 21.7%€136,119above the sector's middle half▲ 17.9%
Total assets€270,928within the sector's middle half▼ 7.1%€297,172above the sector's middle half▲ 9.7%€186,273within the sector's middle half▼ 37.3%€145,074within the sector's middle half▼ 22.1%€182,774within the sector's middle half▲ 26.0%
Debt€134,639▼ 11.9%€147,623▲ 9.6%€38,847▼ 73.7%€29,651▼ 23.7%€46,655▲ 57.3%
Working capital€70,934within the sector's middle half▲ 5.2%€89,189above the sector's middle half▲ 25.7%€102,605above the sector's middle half▲ 15.0%€77,644within the sector's middle half▼ 24.3%€103,419above the sector's middle half▲ 33.2%
Solvency50.3%within the sector's middle half▲ 2.7pp50.3%within the sector's middle half=79.1%above the sector's middle half▲ 28.8pp79.6%above the sector's middle half▲ 0.4pp74.5%above the sector's middle half▼ 5.1pp
Current ratio1.54within the sector's middle half▲ 0.031.60within the sector's middle half▲ 0.073.65above the sector's middle half▲ 2.043.63above the sector's middle half▼ 0.023.24within the sector's middle half▼ 0.38
Return on assets (ROA)-1.0%below the sector's middle half▲ 6.8pp4.5%within the sector's middle half▲ 5.4pp-1.1%below the sector's middle half▼ 5.6pp-22.1%below the sector's middle half▼ 20.9pp11.3%within the sector's middle half▲ 33.4pp
Staff (FTE)10.1above the sector's middle half▼ 9.0%9.4▼ 6.9%4.6▼ 51.1%0.2▼ 95.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €23,885 after a loss of €30,755 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €182,774
Fixed assets
€33,214 ▼ 12.3%
Current assets
€149,560 ▲ 39.5%
Equity and liabilities €182,774
Equity
€136,119 ▲ 17.9%
Debt
€46,655 ▲ 57.3%
Debt's share of the balance-sheet total rises from 20.4% to 25.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28,535▲
2023 · -€20,386
Cash flow
€25,346▲
2023 · -€21,634
Quick ratio
3.20▲
2023 · 3.10
Debt to equity
0.34▲
2023 · 0.26
ROE
15.2%▲
2023 · -27.7%
Interest coverage
35.32▲
2023 · -27.96
Debt ≤ 1 year
€46,141▲
2023 · €29,566
Income taxes
€2,451▲
2023 · €547
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 31,349 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €259,224 | €127,679 | €1,068 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,794 | €15,498 | €15,532 | €10,369 | €4,650 | ▼ 55.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €15,325 | - |
| Other operating charges640/8 | - | €4,286 | €3,815 | €4,396 | €4,226 | ▼ 3.9% |
| Non-recurring operating charges66A | - | - | €248 | - | - | - |
| Gross operating margin9900 | €207,115 | €297,732 | €146,120 | -€14,922 | €48,086 | ▲ 422% |
| Operating profit (loss)9901 | -€309 | €18,724 | -€1,154 | -€30,755 | €23,885 | ▲ 178% |
| Financial income75/76B | - | €113 | €441 | €28 | €70 | ▲ 150% |
| Recurring financial income75 | €18 | €113 | €441 | €28 | €70 | ▲ 150% |
| Financial charges65/66B | - | €1,629 | €1,015 | €729 | €808 | ▲ 10.8% |
| Recurring financial charges65 | €1,918 | €1,629 | €1,015 | €729 | €808 | ▲ 10.8% |
| Profit (loss) for the period before taxes9903 | -€2,209 | €17,208 | -€1,728 | -€31,456 | €23,147 | ▲ 174% |
| Income taxes67/77 | €401 | €3,948 | €395 | €547 | €2,451 | ▲ 348% |
| Profit (loss) for the period9904 | -€2,610 | €13,260 | -€2,123 | -€32,003 | €20,696 | ▲ 165% |
| Profit (loss) for the period to be appropriated9905 | -€2,610 | €13,260 | -€2,123 | -€32,003 | €20,696 | ▲ 165% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €270,928 | €297,172 | €186,273 | €145,074 | €182,774 | ▲ 26.0% |
| Fixed assets21/28 | €67,890 | €60,459 | €44,928 | €37,864 | €33,214 | ▼ 12.3% |
| Tangible fixed assets22/27 | €67,890 | €60,459 | €44,928 | €37,864 | €33,214 | ▼ 12.3% |
| Land and buildings22 | - | €37,036 | €34,900 | €32,764 | €30,627 | ▼ 6.5% |
| Plant, machinery and equipment23 | - | - | - | €2,807 | €1,981 | ▼ 29.4% |
| Furniture and vehicles24 | - | €11,329 | €3,981 | €2,293 | €606 | ▼ 73.6% |
| Leasing and similar rights25 | - | €12,094 | €6,047 | - | - | - |
| Current assets29/58 | €203,038 | €236,713 | €141,345 | €107,210 | €149,560 | ▲ 39.5% |
| Stocks and contracts in progress3 | €24,246 | €26,399 | €35,374 | €15,480 | €2,103 | ▼ 86.4% |
| Stocks30/36 | - | €26,399 | €35,374 | €15,480 | €2,103 | ▼ 86.4% |
| Amounts receivable within one year40/41 | €50,297 | €116,345 | €69,376 | €18,169 | €27,267 | ▲ 50.1% |
| Trade receivables40 | - | €106,958 | €43,032 | €10,129 | €16,667 | ▲ 64.5% |
| Other amounts receivable41 | - | €9,387 | €26,344 | €8,040 | €10,600 | ▲ 31.8% |
| Cash at bank and in hand54/58 | €110,368 | €84,199 | €20,552 | €66,323 | €111,201 | ▲ 67.7% |
| Deferred charges and accrued income490/1 | - | €9,770 | €16,043 | €7,238 | €8,989 | ▲ 24.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €270,928 | €297,172 | €186,273 | €145,074 | €182,774 | ▲ 26.0% |
| Equity10/15 | €136,289 | €149,549 | €147,426 | €115,423 | €136,119 | ▲ 17.9% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €25,493 | €38,753 | €38,753 | €38,753 | €59,449 | ▲ 53.4% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | €36,894 | €36,894 | €38,753 | €59,449 | ▲ 53.4% |
| Profit (loss) carried forward14 | €92,204 | €92,204 | €90,081 | €58,078 | €58,078 | = |
| Amounts payable17/49 | €134,639 | €147,623 | €38,847 | €29,651 | €46,655 | ▲ 57.3% |
| Amounts payable after more than one year17 | €2,328 | - | - | - | - | - |
| Amounts payable within one year42/48 | €132,104 | €147,524 | €38,740 | €29,566 | €46,141 | ▲ 56.1% |
| Current portion of amounts payable after more than one year42 | - | €10,002 | - | - | - | - |
| Trade debts44 | €99,308 | €129,211 | €31,896 | €14,929 | €22,560 | ▲ 51.1% |
| Suppliers440/4 | - | €129,211 | €31,896 | €14,929 | €22,560 | ▲ 51.1% |
| Advances received on contracts in progress46 | - | - | - | - | €12,000 | - |
| Taxes, remuneration and social security45 | - | €1,940 | €957 | €2,240 | €72 | ▼ 96.8% |
| Taxes450/3 | - | €1,399 | €957 | €2,240 | €72 | ▼ 96.8% |
| Remuneration and social security454/9 | - | €541 | - | - | - | - |
| Other amounts payable47/48 | - | €6,371 | €5,887 | €12,397 | €11,509 | ▼ 7.2% |
| Accrued charges and deferred income492/3 | - | €99 | €107 | €85 | €514 | ▲ 505% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,610 | €13,260 | -€2,123 | -€32,003 | €20,696 | ▲ 165% |
| + Depreciation and write-downs630 | €22,794 | €15,498 | €15,532 | €10,369 | €4,650 | ▼ 55.2% |
| Operating cash flow (approximation) | €20,184 | €28,758 | €13,409 | -€21,634 | €25,346 | ▲ 217% |
| Investment in fixed assets (approximation) | - | -€8,067 | -€1 | -€3,305 | €0 | ▲ 100% |
| Change in cash | - | -€26,169 | -€63,647 | €45,771 | €44,878 | ▼ 2.0% |
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
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €20,696
Net result €20,696 after 2 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€32,003
Net result drops to -€32,003, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 3.65
Current ratio from 1.60 to 3.65; short-term debt falls from €147,524 to €38,740.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €13,260
Net result €13,260 after 3 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Geer · 1 establishment unit since 1979
Ground area
1,333 m²
Building footprint
88 m²
Parcel 64013A0359/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Berloz(BOE) 2, 4250 Geer
since 19792.015.982.573
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64013A0359/00H000 | Wallonia | 1,333 m² | 1 · 88 m² | - |
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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,131 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
Founded01-03-1979
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419157982
Also
9925:BE0419157982
Registered
03-02-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.