Decover
ActiveDecover has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.63M and a net result of €40k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 76.33 against 80.38 in 2024; short-term debt: 0.9% and cash: 20.6% of total assets), and 0.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
99.1%
Return on assets
1.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
23 d early
2023
36 d early
2022
4 d early
2021
2 d early
2020
32 d early
2019
45 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.63M▲ 1.5%
2024 · €2.59M
2018: €1.34M
2019: €1.48M
2020: €1.63M
2021: €1.99M
2022: €2.27M
2023: €2.47M
2024: €2.59M
2018 → 2025
Total assets
€2.65M▲ 1.6%
2024 · €2.61M
2018: €1.38M
2019: €1.52M
2020: €1.70M
2021: €2.03M
2022: €2.38M
2023: €2.52M
2024: €2.61M
2018 → 2025
Net result
€40k▼ 66.1%
2024 · €118k
2018: €147k
2019: €139k
2020: €152k
2021: €356k
2022: €288k
2023: €194k
2024: €118k
2018 → 2025
Working capital
€1.78M▲ 2.9%
2024 · €1.73M
2018: €497k
2019: €665k
2020: €850k
2021: €1.02M
2022: €1.31M
2023: €1.62M
2024: €1.73M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.99M-€2.27M▲ 14.5%€2.47M▲ 8.5%€2.59M▲ 4.8%€2.63M▲ 1.5%
Operating result€515k-€416k▼ 19.2%€266k▼ 35.9%€138k▼ 48.2%€34k▼ 75.4%
Net result€356k-€288k▼ 19.2%€194k▼ 32.5%€118k▼ 39.2%€40k▼ 66.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 75% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.65M
Fixed assets
€842k▼ 1.2%
Current assets
€1.81M▲ 3.0%
Equity and liabilities €2.65M
Equity
€2.63M▲ 1.5%
Debt
€24k▲ 8.4%
The debt ratio rises from 0.8% to 0.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80k▼
2024 · €183k
Cash flow
€86k▼
2024 · €163k
Solvency
99.1%▼
2024 · 99.2%
Current ratio
76.33▼
2024 · 80.38
Quick ratio
59.36▼
2024 · 60.65
Debt / equity
0.01▲
2024 · 0.01
ROE
1.5%▼
2024 · 4.6%
ROA
1.5%▼
2024 · 4.5%
Interest coverage
55.80▼
2024 · 105.83
Debt
€24k▲
2024 · €22k
Debt ≤ 1 year
€24k▲
2024 · €22k
Income taxes
€16k▼
2024 · €49k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.61M€2.65M▲
Fixed assets21/28€853k€842k▼
Tangible fixed assets22/27€853k€842k▼
Land and buildings22€17k€6k▼
Furniture and vehicles24€3k€33k▲
Other tangible fixed assets26€833k€803k▼
Financial fixed assets28€74€74=
Current assets29/58€1.76M€1.81M▲
Stocks and contracts in progress3€431k€402k▼
Stocks30/36€431k€402k▼
Amounts receivable within one year40/41€51k€60k▲
Trade receivables40€51k€46k▼
Other amounts receivable41-€14k
Current investments50/53€1.00M€800k▼
Cash at bank and in hand54/58€262k€546k▲
Deferred charges and accrued income490/1€12k-
Equity and liabilities
Total equity and liabilities10/49€2.61M€2.65M▲
Equity10/15€2.59M€2.63M▲
Contributions10/11€594k€594k=
Capital10€594k€594k=
Issued capital100€594k€594k=
Reserves13€1.99M€2.03M▲
Non-distributable reserves130/1€65k€65k=
Legal reserve130€65k€65k=
Distributable reserves133€1.93M€1.97M▲
Profit (loss) carried forward14€98€149▲
Amounts payable17/49€22k€24k▲
Amounts payable within one year42/48€22k€24k▲
Trade debts44€8k€15k▲
Suppliers440/4€8k€15k▲
Taxes, remuneration and social security45€5k€1k▼
Taxes450/3€5k€1k▼
Other amounts payable47/48€8k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€78k-
Remuneration, social security and pensions62€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€46k▲
Other operating charges640/8€10k€10k▼
Gross operating margin9900€199k€89k▼
Operating profit (loss)9901€138k€34k▼
Financial income75/76B€31k€23k▼
Recurring financial income75€31k€23k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€167k€56k▼
Income taxes67/77€49k€16k▼
Profit (loss) for the period9904€118k€40k▼
Profit (loss) for the period to be appropriated9905€118k€40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€118k€40k▼
Profit (loss) brought forward from the previous period14P€82€98▲
Transfer to equity691/2€118k€40k▼
To other reserves6921€118k€40k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €40k ▼66.1%
Net result drops to €40k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 80.38
Current ratio from 38.34 to 80.38; short-term debt falls from €43k to €22k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 38.34
Current ratio from 13.90 to 38.34; short-term debt falls from €102k to €43k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.27M ▲14.5%
5 profitable years in a row build equity to €2.27M.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €356k ▲133%
Operating result €515k, net result €356k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
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.
Directors · office · real estate
Directors
6 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, Waregem · 1 establishment unit since 1982
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.
Stationsstraat 1358790 WaregemGround area
693 m²
Building footprint
49 m²
Volume, LiDAR
347 m³
Parcel 34040C0298/00R002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DECOVER
since 19822.020.529.596
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0298/00R002 | Flanders | 693 m² | 1 · 48 m² | 9.8 m · 2 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.
Recognitions · licences · registrations
Care and welfare
1 serviceDecover
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Of 1,070 companies in sector 47741 we hold annual accounts for 644. 265 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-01-1982
Fiscal year end31-12
Activities, NACEBEL
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.