DECOVAN
ActiveDECOVAN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €931k and a net result of €80k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 72% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75=
Solvency87▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.41 against 2.65 in 2023; short-term debt: 28.4% and cash: 8.2% of total assets), and 38% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← 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
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
62%
Return on assets
5.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
60 d late
2022
60 d late
2021
58 d late
2020
61 d late
2019
45 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€931k▲ 9.4%
2023 · €851k
2018: €283k
2019: €339k
2020: €487k
2021: €665k
2022: €764k
2023: €851k
2018 → 2024
Total assets
€1.50M▼ 7.2%
2023 · €1.62M
2018: €1.03M
2019: €1.10M
2020: €1.24M
2021: €1.41M
2022: €1.58M
2023: €1.62M
2018 → 2024
Net result
€80k▼ 7.4%
2023 · €87k
2018: €15k
2019: €56k
2020: €148k
2021: €178k
2022: €99k
2023: €87k
2018 → 2024
Working capital
€1.03M▲ 7.1%
2023 · €959k
2018: €518k
2019: €555k
2020: €675k
2021: €815k
2022: €888k
2023: €959k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€487k-€665k▲ 36.5%€764k▲ 14.9%€851k▲ 11.3%€931k▲ 9.4%
Operating result€199k-€250k▲ 25.8%€142k▼ 43.3%€126k▼ 11.5%€118k▼ 6.0%
Net result€148k-€178k▲ 20.0%€99k▼ 44.4%€87k▼ 12.5%€80k▼ 7.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 6% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.50M
Fixed assets
€48k▼ 37.2%
Current assets
€1.45M▼ 5.7%
Equity and liabilities €1.50M
Equity
€931k▲ 9.4%
Debt
€572k▼ 25.6%
The debt ratio falls from 47.5% to 38.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€150k▼
2023 · €163k
Cash flow
€112k▼
2023 · €124k
Solvency
62.0%▲
2023 · 52.5%
Current ratio
3.41▲
2023 · 2.65
Quick ratio
1.07▲
2023 · 0.74
Debt / equity
0.61▼
2023 · 0.90
ROE
8.6%▼
2023 · 10.2%
ROA
5.3%▼
2023 · 5.3%
Interest coverage
16.12▲
2023 · 7.74
Debt
€572k▼
2023 · €768k
Debt ≤ 1 year
€426k▼
2023 · €582k
Debt > 1 year
€138k▼
2023 · €176k
Income taxes
€37k▲
2023 · €27k
Staff costs
€231k▼
2023 · €248k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.62M€1.50M▼
Fixed assets21/28€77k€48k▼
Intangible fixed assets21€3k€4k▲
Tangible fixed assets22/27€74k€45k▼
Land and buildings22€6k€5k▼
Plant, machinery and equipment23€28k€17k▼
Furniture and vehicles24€40k€22k▼
Financial fixed assets28€74€74=
Current assets29/58€1.54M€1.45M▼
Stocks and contracts in progress3€1.11M€997k▼
Stocks30/36€1.11M€959k▼
Contracts in progress37€2k€38k▲
Amounts receivable within one year40/41€309k€312k▲
Trade receivables40€203k€247k▲
Other amounts receivable41€105k€65k▼
Current investments50/53€635€634▼
Cash at bank and in hand54/58€99k€123k▲
Deferred charges and accrued income490/1€25k€21k▼
Equity and liabilities
Total equity and liabilities10/49€1.62M€1.50M▼
Equity10/15€851k€931k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€789k€869k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€54k€54k=
Distributable reserves133€729k€809k▲
Amounts payable17/49€768k€572k▼
Amounts payable after more than one year17€176k€138k▼
Financial debts170/4€7k€0▼
Other amounts payable178/9€169k€138k▼
Amounts payable within one year42/48€582k€426k▼
Current portion of amounts payable after more than one year42€40k€7k▼
Financial debts43€125k€125k=
Credit institutions430/8€125k€125k=
Trade debts44€253k€159k▼
Suppliers440/4€253k€159k▼
Advances received on contracts in progress46€96k€56k▼
Taxes, remuneration and social security45€68k€79k▲
Taxes450/3€51k€71k▲
Remuneration and social security454/9€17k€8k▼
Accrued charges and deferred income492/3€9k€8k▼
Income statement
Code20232024
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€248k€231k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€32k▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€416k€386k▼
Operating profit (loss)9901€126k€118k▼
Financial income75/76B€9k€8k▼
Recurring financial income75€9k€8k▼
Financial charges65/66B€21k€9k▼
Recurring financial charges65€21k€9k▼
Profit (loss) for the period before taxes9903€113k€117k▲
Income taxes67/77€27k€37k▲
Profit (loss) for the period9904€87k€80k▼
Profit (loss) for the period to be appropriated9905€87k€80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€80k▼
Transfer to equity691/2€87k€80k▼
To the legal reserve6920€0-
To other reserves6921€87k€80k▼
Social balance
Average headcount (FTE)90874.83.6▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 60 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 58 days late
2021
31-12
Financial
Highest result since 2018net €178k ▲20%
Operating result €250k, net result €178k, both a record.
31-12
Financial
Equity above €500kEq €665k ▲36.5%
4 profitable years in a row build equity to €665k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Oudenaarde · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Berchemweg 2369700 OudenaardeGround area
2,815 m²
Building footprint
1,074 m²
Volume, LiDAR
5,090 m³
Parcel 45023A0500/00F000, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DECOVAN NV
since 19912.053.840.485
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45023A0500/00F000 | Flanders | 2,815 m² | 1 · 1,074 m² | 10.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,362 EUR awarded · 2,362 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,362 EUR | 2,362 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Dual-learning approval
1 live approvalInterieurbouwer duaal (so)
Similar companies · same sector, comparable size
FINESTRA
BE 0477.934.341
Turnhout · Eq €932k
BOEYNAEMS EN ZONEN
BE 0432.127.971
Duffel · Eq €933k
DAMAN
BE 0441.869.741
Bornem · Eq €933k
NICO DEPREZ
BE 0827.514.918
Zedelgem · Eq €928k
VAN DE VELDE BV
BE 0864.792.513
Dendermonde · Eq €937k
Of 20,030 companies in sector 43320 we hold annual accounts for 9,135. 4,577 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-06-1991
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
43333Wallpapering and laying of floor and wall coverings in other materials
45433
47551Retail sale of household furniture
47591Retail trade
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.