Equity
€1.7m ▲ 33.7%
DECOVAN has made a profit without a break since 2023.
DECOVAN
Lifetime
19 annual accounts with figures on one time axis, 36 filings since 1991peak €2.6m (2026)
€2.6m▲ 26.0%
lowest -€555,602 (2022)
€436,564▲ 245%
peak €1.7m (2026)
€1.7m▲ 33.7%
€1.8m▲ 13.4%
peak 17.1 FTE (2026)
17.1 FTE▲ 4.3%
Board2 names since 2022
2 directorsVandamme Chris and 1 other
Documentsfilings and deeds
27-10-20264 days before the deadline
2026abbreviated format
Gross margin from €2.0m to €2.6mResult from €126,650 to €436,564Equity from €1.3m to €1.7mCash from €606,638 to €792,157
Key points
from the 2026 annual accountsResult
€436,564 ▲ 245%
The result rose in 2026: mostly from a one-off income of €243,679.
Turnover
≈ €4.9m estimated
The abbreviated format states no turnover.
Staff
18 employees on 31-03-2026
In 2026, 2 people joined and 1 left.
Filings
36 annual accounts since 1991
The last five annual accounts were filed 4 to 30 days before the end of the period.
Position in the sector
€436,564
Higher net result than 95% of companies in land transport. Sector median €26,128 · 81 companies.
Checked score
97
Excellent
Financially stronger than 79% of small companies in land transport (NACE 49)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,181 companies (NACE 49, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.1%▼ -0.1 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.1%▼ -0.3 percentage points vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Liquidity: current ratio 1.58, cash €792,157
Founded in 1990
Equity €1.7m (48.1% of total assets)
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 49, small). It does better than 64% of them on solvency, 80% on liquidity, 85% on profitability and 88% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as DECOVAN has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of DECOVAN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 20,137 companies, not a prediction for DECOVAN. 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.
Credit verdict
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.58 (1.23 in 2025), above the usual 1.5. Short-term debt is 30.8% and cash 22% of total assets. However, 51.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 27-10-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
4 days early
2025
30 days early
2024
10 days early
2023
19 days early
2022
4 days early
2021
34 days early
2020
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 21 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0441108983
Changes of role: Vandamme Chris (director) and Vandemoortel Nancy (director)
“Het beheer van een eigen onroerend vermogen,omvattend:het aanleggen,het oordeelkundig uitbouwen en beheren van…” (deed in Dutch) · Director discharge: Vandamme Chris · Director discharge: Vandemoortel Nancy · General meeting of 31-01-2023 · Gazette deed
First establishment
Edewallestraat 70, Kortemark
Incorporation
published on 05-07-1990 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DECOVAN Kortemark | €3.6m | €2.6m | 48.1% | 17.1 |
| BECATRANS Poperinge | €3.9m | €2.1m | 29.4% | 15.8 |
| Gesquiere Wevelgem | €2.9m | €2.6m | 27.8% | 19.8 |
| DELTRAN Waregem | €3.7m | €2.8m | 26.9% | 19.2 |
| VERVOER VANNIEUWENHUYZE Harelbeke | €3.0m | €2.4m | 88.0% | 19.3 |
| STERCUS Roeselare | €3.2m | €2.2m | 8.2% | 21.1 |
| TERRILTRANS Ghent | €3.1m | €2.8m | 57.1% | 18.9 |
These companies have the same main activity as DECOVAN: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €2.9m and €3.9m, founded between 1986 and 1996.
Official details
Source: KBO- Status
- Active since 14-06-1990Normal situation
- Activity
- Freight transport by roadNACE 49410and 6 others
- Joint committees
- 140Transport and logistics
- 226White-collar workers in international trade, transport and logistics · annual accounts 31-03-2026
- Establishment unit
- 2.049.453.1178610 Kortemark, since 25-02-2002
- Financial year end
- 31 March
- Peppol
- Reachable since 21-10-2026
Annual accounts to 31-03-2026
- €3.6m▲ 23.1%
- Employeeson 31-03-2026
- 18▲ 5.9%
- Filing
- Filed on 27-10-2026, 4 days before the end of the filing period
Insights on DECOVAN
DECOVAN files the abbreviated format. That format states no turnover. The gross margin rose from €559,973 in 2008 to €2.6m in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DECOVAN
- What is the company number of DECOVAN?
- The company number of DECOVAN is 0441.108.983. The VAT number is the same number with BE in front: BE 0441.108.983.
- Where is DECOVAN based?
- The registered office is at Edewallestraat 70, 8610 Kortemark.Company details
- What does DECOVAN do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of DECOVAN?
- DECOVAN is a private limited company (BV).
- When was DECOVAN founded?
- DECOVAN was founded on 14-06-1990.
- Is DECOVAN still active?
- Yes, DECOVAN is an active enterprise in the KBO register.
- How many employees does DECOVAN have?
- DECOVAN had an average of 17.1 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does DECOVAN fall under?
- In its 31-03-2026 annual accounts, DECOVAN states joint committees 140 (Transport and logistics) and 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of DECOVAN?
- The turnover in financial year 2026 is ≈ €4.9m. This figure is estimated from the gross margin of €2.6m and 31 comparable companies (NACE 49410). It probably lies between €4.2m and €5.7m.
- Is DECOVAN profitable?
- In financial year 2026, DECOVAN made a profit of €436,564.
- Where can I find the annual accounts of DECOVAN?
- DECOVAN filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of DECOVAN due?
- DECOVAN must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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