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DECOVAN

Active Private limited companyfounded 1990active for 36 yearsEdewallestraat 70, 8610 KortemarkKBO/BCE: BE 0441.108.983 #6 company by total assets in Kortemark, Transport and storage sector
DECOVAN
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Overview

Lifetime

19 annual accounts with figures on one time axis, 36 filings since 1991
peak €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 accounts

Equity

€1.7m ▲ 33.7%

DECOVAN has made a profit without a break since 2023.

Result

€436,564 ▲ 245%
€127,0002025€437,0002026

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
5320225820231092024642025212026

In 2026, 2 people joined and 1 left.

Filings

36 annual accounts since 1991
deadline200020102020

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 strength
Strong

73+4equity 48.1% of total assets
65+2short-term debt 30.8% · cash 22.0%
84+10return on assets 12.1%

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
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.58, cash €792,157
NBB · annual accounts
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Equity €1.7m (48.1% of total assets)
NBB · annual accounts
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 filings
Deviation 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 months
Where today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VC
Vandamme Chris
Director
VN
Vandemoortel Nancy
Director
Board & ownership

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
All 45 events

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
Company details

Annual accounts to 31-03-2026

€2.6m▲ 26.0%
€436,564▲ 245%
€1.7m▲ 33.7%
€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
Financials

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.

Financials

Annual accounts 2026

abbreviated format, filed on 27-10-2026, 4 days before the deadline
€2.6m
▲ 26.0%
€626,076
▲ 288%
€1.1m
▲ 81.2%
€947,196
▲ 59.8%
48.1%
▲ 3.8 percentage points
1.58
▲ 0.35

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €4.9m. Estimated: probably between €4.2m and €5.7m.

In the rankings #6 company by total assets in Kortemark, Transport and storage sector#6 company by equity in Kortemark, Transport and storage sector#8 oldest company in Kortemark, Transport and storage sector

Money flows

no detail for 2026

Balance sheet

balance sheet total €3.6m on 31-03-2026
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

48.1%

Higher than 56% of 2,418 companies in 2025.

1.58

Higher than 43% of 2,369 companies in 2025.

12.1%

Higher than 48% of 2,377 companies in 2025.

DECOVAN Middle half of the sector 80% of the sector Abbreviated accounts in land transport (NACE 49)

Staff

€79,463

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2026, 2 people joined and 1 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2026202520242023202220212020201920182017201620152014201320122011201020092008
Balance sheet: assets
20/58 3.6m2.9m2.3m2.2m2.3m2.6m2.8m2.7m2.4m2.3m2.0m2.2m2.1m1.7m1.7m1.3m1.1m1.1m912,861
21/28 1.9m1.8m1.5m1.4m1.5m1.6m1.8m1.6m1.6m1.5m1.3m1.1m910,581756,650646,539548,498582,569601,248406,764
22/27 1.9m1.8m1.5m1.4m1.5m1.6m1.8m1.6m1.6m1.5m1.3m1.1m910,086756,155645,894548,003582,569601,248406,764
22 388,719436,692484,665532,638582,123631,608681,093730,579782,428227,544212,108233,860262,978280,174113,858136,368---
23 33,62048,53969,43183,071102,214119,24684,43397,207112,219128,674107,2002824479694825,197158,367180,25423,167
24 1.4m1.3m971,008762,667826,913843,8001.0m792,862685,708532,845413,059508,749646,661475,012531,554406,438424,202420,994383,597
27 7,494--------624,534585,674321,472-------
28 495495495495495495495495495495495495495495645495---
29/58 1.7m1.1m816,543822,548780,977982,351966,9091.1m810,302748,756660,4221.1m1.1m965,4251.0m701,624497,075458,155506,097
29 -----------6,120-------
291 -----------6,120-------
3 27,00027,00027,00027,00027,00036,20038,60035,30024,30012,80012,80033,26433,26430,73743,83966,26754,76633,19820,657
30/36 27,00027,00027,00027,00027,00036,20038,60035,30024,30012,80012,80033,26433,26430,73743,83966,26754,76633,19820,657
40/41 903,819430,153368,630413,490471,873692,984548,966574,800580,900470,651316,173505,521516,128499,733396,077423,624248,854372,577429,899
40 601,732361,189301,572369,490367,326619,283459,026495,993491,861431,329282,043449,656394,914366,930367,015354,563165,452316,384296,026
41 302,08768,96467,05844,000104,54773,70189,94078,80789,03939,32234,13055,865121,214132,80329,06369,06183,40256,193133,873
50/53 ----------15,3009,180--553,467----
54/58 792,157606,638373,035347,150239,167229,601349,600496,617205,102265,306316,149524,498553,321422,955-208,34386,51945,79046,741
490/1 20,63046,15647,87834,90842,93623,56529,743----38,05446,48612,00015,0003,390106,9366,5908,800
Balance sheet: equity and liabilities
10/49 3.6m2.9m2.3m2.2m2.3m2.6m2.8m2.7m2.4m2.3m2.0m2.2m2.1m1.7m1.7m1.3m1.1m1.1m912,861
10/15 1.7m1.3m1.2m1.1m886,6491.4m1.4m1.3m1.1m937,071926,105846,149791,746597,701492,720423,562365,349314,064287,458
10/11 31,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,000
100 -----31,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,00031,000
13 1.4m1.0m965,592973,347893,7471.4m1.4m1.3m1.0m905,694835,694810,194757,099561,099461,099392,099334,349283,064256,458
130/1 ---03,1003,100-------------
130 -----3,1003,1003,1003,1003,1003,1003,1003,1003,1003,1003,1003,1003,1003,100
1311 ---03,100--------------
132 983,577929,133884,992892,747890,647885,647779,129699,476516,226412,594457,594432,094393,999257,999208,999168,999151,036128,536108,536
133 462,72080,60080,60080,6000522,000575,000575,000525,000490,000375,000375,000360,000300,000249,000220,000180,213151,428144,822
14 255,518255,518173,009101,771-38,0985035102893,53537659,4104,9553,6475,602621463---
16 21,250---040,00040,00040,000160,000160,000160,000160,000160,000210,000210,00040,000---
160/5 ----040,00040,00040,000160,000160,000160,000160,000160,000210,000210,00040,000---
160 ----0--------------
162 ----040,00040,00040,000160,000160,000---------
168 21,250------------------
17/49 1.8m1.6m1.2m1.1m1.4m1.1m1.3m1.4m1.2m1.2m892,8521.2m1.1m914,374952,202786,560714,295745,339625,403
17 734,114713,967366,474361,806426,206412,895593,117544,424465,158385,725333,437339,312384,101223,188244,913283,375339,750309,167256,146
170/4 734,114713,967366,474361,806426,206412,895593,117544,424465,158385,725333,437339,312384,101223,188244,913283,375339,750309,167256,146
42/48 1.1m905,586796,939729,373975,063675,488730,406828,012681,418774,847551,872829,645721,088689,186694,789493,685349,724394,584356,757
42 338,258345,786266,777234,181284,290263,266332,734288,200221,500250,587215,025250,789227,524199,850219,467218,042205,750178,750168,508
43 -------------68,79722,96123,213---
430/8 -------------68,79722,96123,213---
44 399,736320,374238,237291,075389,753237,444158,230256,916194,739273,954102,527260,409349,289330,218334,443199,297117,427191,117164,119
440/4 399,736320,374238,237291,075389,753237,444158,230256,916194,739273,954102,527260,409349,289330,218334,443199,297117,427191,117164,119
45 362,615155,652113,166108,864113,93469,087116,209172,249157,217167,763143,370157,88891,86259,85396,73428,34226,54724,71724,130
450/3 193,58731,6516,7025,8225,6232,9907,7358,7209,55421,85120,62816,09656345024,8361,02123,33721,4369,717
454/9 169,028124,001106,464103,041108,31166,097108,474163,529147,663145,912122,743141,79391,29959,40371,89727,3213,2103,28114,413
47/48 6,38383,773178,76095,253187,085105,691123,233110,648107,96182,54390,949160,56052,41430,46821,18524,791---
492/3 4,3447,1909,1294,1224,8046,8687,0166,5585,7155,2057,5446,3892,8442,00012,5009,50024,82141,58812,500
Income statement
70 ----------------2.5m2.0m1.9m
76A 243,67953,93755,000126,50045,20066,27844,50081,75065,50015,00059,50536,920-54,00040,00052,35322,50020,00055,161
9900 2.6m2.0m1.8m1.8m1.0m1.4m1.2m1.6m1.6m1.6m1.5m1.5m1.4m1.2m1.3m965,894847,660651,736559,973
60/61 ----------------1.7m1.3m1.3m
62 1.4m1.3m1.2m1.1m1.1m909,472769,5161.0m984,712945,101925,927898,340675,320547,121585,772495,997425,259359,726301,188
630 510,633466,000395,741359,715397,417364,151307,309424,457482,121502,204448,452485,427394,258426,169398,753351,654290,222218,546203,423
631/4 013,356----------99-2,3702,052---
635/8 ---0-40,000---120,000-----50,000-170,00040,000---
640/8 79,62085,00958,639114,55763,52093,91987,930126,60073,130126,38957,51658,77851,53737,17146,88731,73349,22537,68323,115
66A -020,10019,96602,88521,200-4,0008,25036,1504,000-990----5,010
9901 626,076161,20590,067234,490-527,09133,44482,142181,194105,88230,58881,56721,395301,402147,95069,42944,45882,95435,78132,247
75/76B 9677204166,27844,50183,44766,49522,6844666527311,3522,5753,240175162149
75 96772041-11,6979957,6844666527311,3522,5753,240175162149
76B -----66,27844,50081,75065,50015,000---------
65/66B 41,43934,56026,58614,82228,55221,09239,00015,94720,51525,19620,30621,60519,19118,41918,93520,78422,51621,77016,729
65 41,43934,56026,58614,82228,55218,20717,80015,94716,51516,94620,30621,60519,19118,41918,93520,78422,51621,77016,729
66B -----2,88521,200-4,0008,250---------
9903 585,603126,65263,483219,667-555,60278,63087,642248,694151,86228,07685,08433,362282,941183,89393,06979,26783,11334,17365,818
680 21,250------------------
67/77 127,79020198025,1197,76818,69010,07217,1105,128-21,04188,89648,91223,91221,05431,8287,5678,442
9904 436,564126,65063,483219,469-555,60253,51179,874230,004141,79010,96679,95654,403194,045134,98169,15858,21351,28526,60657,376
789 9,3069,3067,75546,900-----45,000---------
689 63,75053,4470126,5005,000106,51879,653183,250103,631-25,50038,095136,00049,00040,00017,96322,50020,00040,000
9905 382,12082,50971,238139,869-560,602-53,00722146,75438,15955,96654,45616,30858,04585,98129,15840,25028,7856,60617,376
Appropriation of the result
9906 637,638255,518173,009101,771-560,098-52,49751050,28938,535115,37659,41019,95563,64786,60229,62140,25028,7856,60617,376
14P 255,518173,009101,771-38,098503--------------
791/2 ---0522,00053,000-------------
691/2 382,120------50,00035,000115,000-15,00060,00051,00029,00039,78728,7856,60617,376
6921 382,120------50,00035,000115,000-15,00060,00051,00029,00039,78728,7856,60617,376
694/7 -------------30,000-----
695 -------------30,000-----
Social balance sheet
9087 17.116.415.314.716.713.413.615.614.914.914.914.111.59.710.89.68.87.46.7
Hours worked1013 39,69939,42436,75635,43338,29529,82730,99639,93334,80034,80034,80734,60126,62921,80823,18520,89919,45816,96614,635
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 17 older financial years (1991-2007) were filed as documents without figures as data, scans for example.

The notes to these accounts have 23 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 27-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2026 abbreviated format 27-10-2026 2026-00598998 PDF
31-03-2025 abbreviated format 01-10-2025 2025-00532670 PDF
31-03-2024 abbreviated format 21-10-2024 2024-00510348 PDF
31-03-2023 abbreviated format 12-10-2023 2023-00488919 PDF
31-03-2022 abbreviated format 27-10-2022 2022-20481891 PDF
31-03-2021 abbreviated format 27-09-2021 2021-68600227 PDF
31-03-2020 abbreviated format 30-09-2020 2020-57400519 PDF
31-03-2019 abbreviated format 30-09-2019 2019-67200174 PDF
31-03-2018 abbreviated format 01-10-2018 2018-67300308 PDF
31-03-2017 abbreviated format 02-10-2017 2017-65500501 PDF
31-03-2016 abbreviated format 26-09-2016 2016-61100237 PDF
31-03-2015 abbreviated format 29-10-2015 2015-65900128 PDF
31-03-2014 abbreviated format 27-10-2014 2014-65600538 PDF
31-03-2013 abbreviated format 09-12-2013 2013-68100236 PDF
31-03-2012 abbreviated format 29-11-2012 2012-65600039 PDF
31-03-2011 abbreviated format 30-11-2011 2011-62500475 PDF
31-03-2010 abbreviated format 30-10-2010 2010-59800089 PDF
31-03-2009 abbreviated format 09-12-2009 2009-88200055 PDF
31-03-2008 abbreviated format 11-05-2009 2009-14300197 PDF
31-03-2007 abbreviated format 09-04-2008 2008-09900125 PDF
31-03-2006 abbreviated format 05-10-2007 2007-76600058 PDF
31-03-2005 abbreviated format 30-09-2005 2005-74200110 PDF
31-03-2004 abbreviated format 30-09-2004 2004-67700184 PDF
31-03-2003 abbreviated format 31-10-2003 2003-76900064 PDF
31-03-2002 abbreviated format 23-04-2003 2003-11400011 PDF
31-03-2001 abbreviated format 24-12-2001 2001-77100235 PDF
31-03-2000 abbreviated format 08-12-2000 2000-74800019 PDF
31-03-1999 abbreviated format 07-12-1999 1999-61902958 PDF
31-03-1998 abbreviated format 13-11-1998 1998-56605373 PDF
31-03-1997 abbreviated format 18-11-1997 1997-53203474 PDF
31-03-1996 abbreviated format 16-12-1996 1996-53404046 PDF
31-03-1995 abbreviated format 29-12-1995 1995-61803306 PDF
31-03-1994 abbreviated format 09-01-1995 1995-00601087 PDF
31-03-1993 abbreviated format 05-07-1994 1994-25705140 PDF
31-03-1992 abbreviated format 05-07-1994 1994-25705127 PDF
31-03-1991 abbreviated format 05-07-1994 1994-25705116 PDF

Subsidies and aid

Flemish government 2022 to 2025, 3 entries, €9,561 awarded, €9,561 paid

Subsidies ecologisch en veilig transport (discontinued)
€9,000
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€561
Year Entries AwardedPaid
2025 1 €432€432
2023 1 €9,000€9,000
2022 1 €129€129

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2026202520242023202220212020201920182017201620152014201320122011201020092008
1.1m627,205485,808594,205-129,674397,595389,451605,652588,003532,791530,019506,822695,660574,119468,182396,112373,176254,327235,670
947,196592,650459,224579,184-158,185417,662387,183654,461623,911513,170528,408539,830588,304561,150467,911409,867341,507245,152260,799
553,494805,000577,570260,840325,812195,300616,236479,000566,880697,759749,329691,772548,189558,170496,794346,692271,543413,030285,538
185,519233,60325,885107,9839,566-119,999-147,017291,516-60,204-50,843-208,349-28,823130,366--121,82440,729-951-
636,614204,36119,60493,175-194,086306,863236,503278,705128,884-26,091108,550286,992428,110276,239313,594207,939147,35163,571149,340
----------------3.3%1.8%1.7%
48.1%44.3%49.9%50.2%38.7%56.0%50.3%48.0%45.1%41.4%46.8%38.8%38.4%34.7%29.8%33.9%33.8%29.6%31.5%
1.581.231.021.130.801.451.321.341.190.971.201.351.591.401.451.421.421.161.42
1.551.200.991.090.771.401.271.291.150.951.171.311.551.361.391.291.261.081.36
1.071.251.000.991.590.760.961.051.071.240.961.391.401.531.931.861.962.372.18
25.2%9.8%5.4%19.8%-62.7%3.7%5.8%17.6%13.1%1.2%8.6%6.4%24.5%22.6%14.0%13.7%14.0%8.5%20.0%
12.1%4.3%2.7%10.0%-24.2%2.1%2.9%8.4%5.9%0.5%4.0%2.5%9.4%7.8%4.2%4.7%4.8%2.5%6.3%
27.4318.1518.2740.09-4.54--------------
----------------24 days58 days58 days
----------------26 days53 days46 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Employees at the balance-sheet date1817151418
full-time1715131317
part-time12211
in full-time equivalents17.816.614.613.817.8
17.116.415.314.716.7
On a permanent contract1614131215
Joined261055
Left14983
Training hours--0--

Source: social balance sheet in the 2022 to 2026 annual accounts

Investments

fixed assets acquired
Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Tangible fixed assets€553,494€805,000€577,570€260,840€325,812
Financial fixed assets€0----
€510,633€466,000€395,741€359,715€397,417

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on DECOVAN

The operating result for 2026 is 3.9 times that of 2025 and the highest since 2008. It is the second rise in a row, after the fall in 2024.

Debt's share of the balance-sheet total falls from 55.7% to 51.3%. Equity and debt are higher.

Large changes and their cause
  • 2026 Net result +245% on 2025. The 2026 profit included a one-off income of €243,679.
  • 2024 Net result -71% on 2023. The 2023 profit included a one-off income of €126,500.

Board & ownership

Board

2 directors, last change in 2023
Vandamme Chris
Director (not named in the articles)
appointed by deed of 15-02-2023 term without a fixed end
earlier statutory manager, until 15-02-2023
listed in the 2026 annual accounts, filed on 27-10-2026
Vandemoortel Nancy
Director (not named in the articles)
appointed by deed of 15-02-2023 term without a fixed end
earlier statutory manager, until 15-02-2023
listed in the 2026 annual accounts, filed on 27-10-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“De algemene vergadering die de bestuurder(s) benoemt bepaalt hun aantal, de duur van hun opdracht en, indien er meerdere bestuurders zijn…”
deed of 15-02-2023

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Vandamme Chris
Director (not named in the articles)
Vandemoortel Nancy
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • Vandamme Chris
    • Director (not named in the articles), since before 31-03-2022
    • Statutory manager, until 15-02-2023
  • Vandemoortel Nancy
    • Director (not named in the articles), since before 31-03-2022
    • Statutory manager, until 15-02-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€31,000
Source
2026 annual accounts

Articles of association

deed of 15-02-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of September at 11:00

Network & group

No group

DECOVAN has no parent and no holdings in its annual accounts. DECOVAN shares no director with another company.

Timeline

Timeline

45 events since 1990

Deadline for the 2027 accounts: 31-10-2027

2026
Annual accounts 2026 filed NBBabbreviated format · 4 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0441108983
Highest result from 2008 to 2026 net €436,564 ▲245% The operating result of €626,076 and the net result of €436,564 are both a record.
2025
Annual accounts 2025 filed PDFabbreviated format · 30 days before the deadline
2024
Annual accounts 2024 filed PDFabbreviated format · 10 days before the deadline
2023
Annual accounts 2023 filed PDFabbreviated format · 19 days before the deadline
Back to profit net €219,469 The net result is €219,469, after one loss-making year.
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 31-01-20238 points ▸

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2022 filed PDFabbreviated format · 4 days before the deadline
Weakest financial year net -€555,602 The net result drops to -€555,602, the lowest from 2008 to 2026. It recovers the following year.
2021
Annual accounts 2021 filed PDFabbreviated format · 34 days before the deadline
2020
Annual accounts 2020 filed PDFabbreviated format · 31 days before the deadline
2019
Annual accounts 2019 filed PDFabbreviated format · 31 days before the deadline
2018
Annual accounts 2018 filed PDFabbreviated format · 30 days before the deadline
Equity above €1m equity €1.1m ▲15.1% With a profit in every financial year since 2008, equity grows to €1.1m.
2017
Annual accounts 2017 filed PDFabbreviated format · 29 days before the deadline
2016
Annual accounts 2016 filed PDFabbreviated format · 35 days before the deadline
2015
Annual accounts 2015 filed PDFabbreviated format · 2 days before the deadline
2014
Annual accounts 2014 filed PDFabbreviated format · 4 days before the deadline
2013
Annual accounts 2013 filed PDFabbreviated format · 39 days late
Equity above €500,000 equity €597,701 ▲21.3% With a profit in every financial year since 2008, equity grows to €597,701.
2012
Annual accounts 2012 filed PDFabbreviated format · 29 days late
2011
Annual accounts 2011 filed PDFabbreviated format · 30 days late
2010
Annual accounts 2010 filed PDFabbreviated format · 1 day before the deadline
2009
Annual accounts 2009 filed PDFabbreviated format · 39 days late
Annual accounts 2008 filed PDFabbreviated format · 192 days late
2008
Annual accounts 2007 filed PDFabbreviated format · 161 days late
2007
Annual accounts 2006 filed PDFabbreviated format · 339 days late
2005
Annual accounts 2005 filed PDFabbreviated format
2004
Annual accounts 2004 filed PDFabbreviated format
2003
Annual accounts 2003 filed PDFabbreviated format
Annual accounts 2002 filed PDFabbreviated format
2002
First establishment Edewallestraat 70, Kortemark
2001
Annual accounts 2001 filed PDFabbreviated format
2000
Annual accounts 2000 filed PDFabbreviated format
1999
Annual accounts 1999 filed PDFabbreviated format
1998
Annual accounts 1998 filed PDFabbreviated format
1997
Annual accounts 1997 filed PDFabbreviated format
1996
Annual accounts 1996 filed PDFabbreviated format
1995
Annual accounts 1995 filed PDFabbreviated format
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1991 filed PDFabbreviated format
Annual accounts 1992 filed PDFabbreviated format
Annual accounts 1993 filed PDFabbreviated format
1990
Incorporation published on 05-07-1990

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 14 June 1990, DECOVAN was incorporated.1 Total assets went from €2.7m in 2019 to €3.6m in 2026 and headcount from 15.6 to 17.1 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2026

Company details

Identity

Enterprise number
0441.108.983
VAT number
BE 0441.108.983
Peppol ID
0208:0441108983
Legal form
Private limited company
Status
Active, normal situation
Founded
14-06-1990
Financial year
ends on 31 March
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of September at 11:00
deed of 15-02-2023 (in Dutch)
Peppol
Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
DECOVAN in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 15-02-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 15-02-2023 (in Dutch)

Activities

NACEBEL 2025
VAT activities
49410 Freight transport by road main activity
46212 Wholesale trade
46214 Wholesale trade
46231 Wholesale of live animals
46442 Wholesale trade
47783 Retail trade
95316 Washing and cleaning of motor vehicles
Social security (RSZ) activities
49410 Freight transport by road main activity
Joint committees annual accounts 31-03-2026
JC 140 Transport and logistics
JC 226 White-collar workers in international trade, transport and logistics
Codes under NACEBEL 2008
VAT activities
49410 Road freight transport main activity
45206
46212 Wholesale trade
46214 Wholesale trade
46231 Wholesale of live animals
46442 Wholesale trade
47784 Retail trade
Social security (RSZ) activities
49410 Road freight transport main activity
Codes under NACEBEL 2003
VAT activities
60242 main activity
51230
Social security (RSZ) activities
60242 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het beheer van een eigen onroerend vermogen,omvattend:het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen zowel…”
9 activities
  1. Het beheer van een eigen onroerend vermogen,omvattend:het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen zowel in binnen- als buitenland;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten in de meest ruime zin;het aan- en verkopen in zowel volle eigendom als in vruchtgebruik en/of blote eigendom,ruilen,(doen)bouwen,(doen)verbouwen,onderhouden,verhuren,huren,ter beschikking stellen,verkavelen,prospecteren en uitbaten van onroerende goederen;het ontwerpen en opvolgen van projecten en het maken van studies met betrekking tot immobiliën;de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen;
  2. Het aanleggen,het oordeelkundig uitbouwen en beheren van een eigen roerend patrimonium;het beleggen van beschikbare middelen in roerende goederen en waarden;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop,het te gelde maken,inbrengen,afstaan,verhandelen en het beheren van aandelen,aandelenopties,obligaties,kasbons,afgeleide producten of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen;
  3. Het beheer,het verwerven,de aan- en verkoop,het huren en verhuren,de commissiehandel en vertegenwoordiging,de instandhouding en valorisatie van roerende goederen;de huurfinanciering,het leasen,in leasing geven van roerende goederen aan derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen;
  4. Het aanvragen van patenten,octrooien of andere intellectuele eigendomsrechten op de door haar ontwikkelde scheppingen,uitvindingen,methodes,strategieën en analyses.De vennootschap kan deze rechten vrij overdragen,verkopen,wijzigen of leasen aan derden.
  5. Het vervoer voor derden van alle goederen langs de baan,over water of door de lucht,het laden en lossen,evenals alle manipulaties van goederen,zowel nationaal als internationaal;
  6. De handel in varkens,runderen,kalveren en zaagmeel;
  7. Verkoop van dierenaccessoires;
  8. Uitbaten van een webshop;
  9. Kleinhandel in de verkoop van halsbanden en lijnen voor honden.
deed of 15-02-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Edewallestraat 70 registered office 8610 Kortemark 25-02-2002 2.049.453.117 Farm - sheep and goats
Transport of foodstuffs under controlled temperature and/or atmosphere

Buildings and parcels at the address

Ground area
4,107 m²
Buildings
172 m²
Volume, LiDAR
921 m³
Tallest building
10.1 m
Buildings to scale, each on its own parcel
172 m², 10.1 m 172 m², 10.1 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
32011A0317/00L0004,107 m² 1 · 172 m² 10.1 m · 2

Recognitions

Food safety, FASFC

1 site
Kortemarkunit number 2.049.453.117
2 permissions
Farm - sheep and goats · since 01-01-2006
Transport of foodstuffs under controlled temperature and/or atmosphere · since 01-01-2006

Source: FAVV-AFSCA, open data, updated on 02-11-2026

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