DECOVAR
ActiveSummary
DECOVAR has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €613k and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 78% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+51
Solvency94▲+14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.69 against 1.45 in 2024; short-term debt: 31.4% and cash: 7.1% of total assets), and 31.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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
68.6%
Return on assets
-0.3%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €613k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
51 d early
2023
33 d early
2022
30 d early
2021
4 d early
2020
31 d early
2019
7 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€613k▲ 21.0%
2024 · €507k
2018: €133klowest in 8 years
2019: €133k▲ +0.2% vs 2018
2020: €147k▲ +10.8% vs 2019
2021: €144k▼ -2.5% vs 2020
2022: €151k▲ +4.9% vs 2021
2023: €506k▲ +236% vs 2022
2024: €507k▲ +0.1% vs 2023
2025: €613k▲ +21.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€893k▼ 2.5%
2024 · €916k
2018: €417klowest in 8 years
2019: €429k▲ +3.0% vs 2018
2020: €450k▲ +4.8% vs 2019
2021: €436k▼ -3.0% vs 2020
2022: €454k▲ +4.0% vs 2021
2023: €926k▲ +104% vs 2022highest in 8 years
2024: €916k▼ -1.0% vs 2023
2025: €893k▼ -2.5% vs 2024
2018 → 2025
Net result
€-2k▲ 76.0%
2024 · €-10k
2018: €5k
2019: €283▼ -94.4% vs 2018
2020: €14k▲ +4974% vs 2019
2021: €-4k▼ -126% vs 2020
2022: €7k▲ +291% vs 2021
2023: €355k▲ +4930% vs 2022highest in 8 years
2024: €-10k▼ -103% vs 2023lowest in 8 years
2025: €-2k▲ +76.0% vs 2024
2018 → 2025
Working capital
€-88k
2024 · €129k
2018: €11k
2019: €40k▲ +267% vs 2018
2020: €76k▲ +91.1% vs 2019
2021: €97k▲ +28.2% vs 2020
2022: €114k▲ +17.7% vs 2021
2023: €626k▲ +449% vs 2022highest in 8 years
2024: €129k▼ -79.4% vs 2023
2025: €-88k▼ -168% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€144k-€151k▲ 4.9%€506k▲ 236%€507k▲ 0.1%€613k▲ 21.0%
2021: €144klowest in 5 years
2022: €151k▲ +4.9% vs 2021
2023: €506k▲ +236% vs 2022
2024: €507k▲ +0.1% vs 2023
2025: €613k▲ +21.0% vs 2024highest in 5 years
Operating result€-11k-€-10k▲ 3.4%€474k€-30k€-15k▲ 50.4%
2021: €-11k
2022: €-10k▲ +3.4% vs 2021
2023: €474k▲ +4658% vs 2022highest in 5 years
2024: €-30k▼ -106% vs 2023lowest in 5 years
2025: €-15k▲ +50.4% vs 2024
Net result€-4k-€7k€355k▲ 4,930%€-10k€-2k▲ 76.0%
2021: €-4k
2022: €7k▲ +291% vs 2021
2023: €355k▲ +4930% vs 2022highest in 5 years
2024: €-10k▼ -103% vs 2023lowest in 5 years
2025: €-2k▲ +76.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2025 against €30k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €893k
Fixed assets
€701k ▲ 40.9%
Current assets
€193k ▼ 54.0%
Equity and liabilities €893k
Equity
€613k ▲ 21.0%
Provisions
€0 ▼ 100%
Debt
€280k ▼ 3.4%
Debt's share of the balance-sheet total falls from 31.7% to 31.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k▲
2024 · €-14k
Cash flow
€18k▲
2024 · €7k
Current ratio
0.69▼
2024 · 1.45
Debt to equity
0.46▼
2024 · 0.57
ROE
-0.4%▲
2024 · -1.9%
ROA
-0.3%▲
2024 · -1.1%
Interest coverage
6.23▲
2024 · -40.01
Debt ≤ 1 year
€280k▼
2024 · €290k
Income taxes
€645▲
2024 · €334
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€916k€893k▼
Fixed assets21/28€497k€701k▲
Tangible fixed assets22/27€497k€701k▲
Land and buildings22€497k€701k▲
Furniture and vehicles24€206-
Current assets29/58€419k€193k▼
Amounts receivable within one year40/41€5k-
Trade receivables40€848-
Other amounts receivable41€4k-
Current investments50/53€381k€129k▼
Cash at bank and in hand54/58€32k€63k▲
Deferred charges and accrued income490/1€341-
Equity and liabilities
Total equity and liabilities10/49€916k€893k▼
Equity10/15€507k€613k▲
Contributions10/11€100k€100k=
Revaluation surpluses12€11k-
Reserves13€396k€513k▲
Tax-exempt reserves132€358k€465k▲
Distributable reserves133€38k€48k▲
Provisions and deferred taxes16€119k-
Deferred taxes168€119k-
Amounts payable17/49€290k€280k▼
Amounts payable within one year42/48€290k€280k▼
Trade debts44€449€2k▲
Suppliers440/4€449€2k▲
Taxes, remuneration and social security45€62€292▲
Taxes450/3€62€292▲
Other amounts payable47/48€289k€278k▼
Accrued charges and deferred income492/3€419-
Income statement
Code20242025
Non-recurring operating income76A€12k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€20k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-11k€7k▲
Operating profit (loss)9901€-30k€-15k▲
Financial income75/76B€20k€14k▼
Recurring financial income75€20k€14k▼
Financial charges65/66B€342€779▲
Recurring financial charges65€342€779▲
Profit (loss) for the period before taxes9903€-11k€-2k▲
Transfer from deferred taxes780€1k-
Transfer to deferred taxes680€0-
Income taxes67/77€334€645▲
Profit (loss) for the period9904€-10k€-2k▲
Transfer from tax-exempt reserves789€4k€13k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€-6k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€10k▲
Transfer from equity791/2€6k-
Transfer to equity691/2-€10k
To other reserves6921-€10k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €483k | €12k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €9k | €709 | €17k | €20k | ▲ 19.1% |
| Other operating charges640/8 | €2k | €3k | €890 | €3k | €2k | ▼ 36.9% |
| Gross operating margin9900 | €17k | €1k | €476k | €-11k | €7k | ▲ 164% |
| Operating profit (loss)9901 | €-11k | €-10k | €474k | €-30k | €-15k | ▲ 50.4% |
| Financial income75/76B | €9k | €24k | €4k | €20k | €14k | ▼ 28.9% |
| Recurring financial income75 | €9k | €24k | €4k | €20k | €14k | ▼ 28.9% |
| Financial charges65/66B | €1k | €2k | €2k | €342 | €779 | ▲ 127% |
| Recurring financial charges65 | €1k | €2k | €2k | €342 | €779 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | €-3k | €12k | €476k | €-11k | €-2k | ▲ 84.2% |
| Transfer from deferred taxes780 | - | - | - | €1k | - | - |
| Transfer to deferred taxes680 | - | - | €121k | €0 | - | - |
| Income taxes67/77 | €855 | €5k | €410 | €334 | €645 | ▲ 93.0% |
| Profit (loss) for the period9904 | €-4k | €7k | €355k | €-10k | €-2k | ▲ 76.0% |
| Transfer from tax-exempt reserves789 | - | €7k | €0 | €4k | €13k | ▲ 216% |
| Transfer to tax-exempt reserves689 | - | - | €362k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €-4k | €14k | €-7k | €-6k | €10k | ▲ 279% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €436k | €454k | €926k | €916k | €893k | ▼ 2.5% |
| Fixed assets21/28 | €47k | €39k | €617 | €497k | €701k | ▲ 40.9% |
| Intangible fixed assets21 | €6k | €3k | €0 | - | - | - |
| Tangible fixed assets22/27 | €41k | €36k | €617 | €497k | €701k | ▲ 40.9% |
| Land and buildings22 | €41k | €35k | €0 | €497k | €701k | ▲ 41.0% |
| Furniture and vehicles24 | €111 | €1k | €617 | €206 | - | - |
| Current assets29/58 | €390k | €415k | €925k | €419k | €193k | ▼ 54.0% |
| Amounts receivable within one year40/41 | €10k | €4k | €848 | €5k | - | - |
| Trade receivables40 | €8k | €557 | €848 | €848 | - | - |
| Other amounts receivable41 | €2k | €3k | €0 | €4k | - | - |
| Current investments50/53 | €70k | €129k | €183k | €381k | €129k | ▼ 66.1% |
| Cash at bank and in hand54/58 | €308k | €281k | €740k | €32k | €63k | ▲ 98.6% |
| Deferred charges and accrued income490/1 | €1k | €1k | €1k | €341 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €436k | €454k | €926k | €916k | €893k | ▼ 2.5% |
| Equity10/15 | €144k | €151k | €506k | €507k | €613k | ▲ 21.0% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Revaluation surpluses12 | - | - | - | €11k | - | - |
| Reserves13 | €44k | €51k | €406k | €396k | €513k | ▲ 29.5% |
| Non-distributable reserves130/1 | €10k | €10k | €0 | - | - | - |
| Reserves not available under the articles1311 | €10k | €10k | €0 | - | - | - |
| Tax-exempt reserves132 | €7k | €0 | €362k | €358k | €465k | ▲ 29.8% |
| Distributable reserves133 | €27k | €41k | €44k | €38k | €48k | ▲ 27.4% |
| Provisions and deferred taxes16 | - | - | €121k | €119k | - | - |
| Deferred taxes168 | - | - | €121k | €119k | - | - |
| Amounts payable17/49 | €293k | €303k | €299k | €290k | €280k | ▼ 3.4% |
| Amounts payable within one year42/48 | €293k | €301k | €299k | €290k | €280k | ▼ 3.3% |
| Trade debts44 | €3k | €2k | €680 | €449 | €2k | ▲ 328% |
| Suppliers440/4 | €3k | €2k | €680 | €449 | €2k | ▲ 328% |
| Taxes, remuneration and social security45 | €2k | €3k | €649 | €62 | €292 | ▲ 371% |
| Taxes450/3 | €2k | €3k | €649 | €62 | €292 | ▲ 371% |
| Other amounts payable47/48 | €288k | €296k | €298k | €289k | €278k | ▼ 3.9% |
| Accrued charges and deferred income492/3 | €165 | €3k | €416 | €419 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €7k | €355k | €-10k | €-2k | ▲ 76.0% |
| + Depreciation and write-downs630 | €25k | €9k | €709 | €17k | €20k | ▲ 19.1% |
| Operating cash flow (approximation) | €21k | €16k | €356k | €7k | €18k | ▲ 154% |
| Investment in fixed assets (approximation) | - | €-1k | €38k | €-513k | €-223k | ▲ 56.5% |
| Change in cash | - | €-28k | €459k | €-708k | €31k | ▲ 104% |
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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €355k ▲4,930%
Operating result €474k, net result €355k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 3.10
Current ratio from 1.38 to 3.10; short-term debt falls from €301k to €299k.
30-09
Financial
Equity above €500kEq €506k ▲236%
2 profitable years in a row build equity to €506k.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
30-09
Financial
Equity above €150kEq €151k ▲4.9%
Equity rises from €144k to €151k.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
07-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Roeselare · 1 establishment unit since 2013
Ground area
7,843 m²
Building footprint
219 m²
Volume, LiDAR
1,459 m³
Parcel 36013A0756/00L000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Decovar
since 20132.227.327.559
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36013A0756/00L000 | Flanders | 7,843 m² | 1 · 219 m² | 9.7 m · 2 fl. |
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.
Similar companies · same sector, comparable size
KORVENT
BE 0886.083.815
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Rosas
BE 0833.548.021
Geel · Eq €612,739
ILLUFRER
BE 0879.506.126
Buggenhout · Eq €613,160
VINCA
BE 0448.068.140
Watermaal-Bosvoorde · Eq €613,199
VINEAM
BE 0642.697.155
Beringen · Eq €613,212
Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 5,001 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
Founded14-12-2001
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.