DECRAENE THOMAS
ActiveDECRAENE THOMAS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €242k and a net result of €82k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2026
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability80=
Solvency52▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.67 in 2025; short-term debt: 46.6% and cash: 1.9% of total assets), and 73% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7692 sector peers (2025).
NBB · sector comparisonPosition among 7692 sector peers
Solvency
better than 23%
← weakest
strongest →
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 14-09-2026, 47 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
47 d early
2025
25 d early
2024
37 d early
2023
on the day
2022
10 d early
2021
11 d early
2020
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€242k▲ 51.7%
2025 · €160k
2019: €14k
2020: €39k
2021: €41k
2022: €82k
2023: €123k
2024: €123k
2025: €160k
2019 → 2026
Total assets
€898k▲ 26.0%
2025 · €713k
2019: €26k
2020: €90k
2021: €90k
2022: €177k
2023: €452k
2024: €525k
2025: €713k
2019 → 2026
Net result
€82k▲ 23.3%
2025 · €67k
2019: €4k
2020: €25k
2021: €-4k
2022: €43k
2023: €51k
2024: €44k
2025: €67k
2019 → 2026
Working capital
€175k▼ 22.3%
2025 · €226k
2019: €13k
2020: €27k
2021: €-5k
2022: €34k
2023: €72k
2024: €57k
2025: €226k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€82k-€123k▲ 49.9%€123k=€160k▲ 30.1%€242k▲ 51.7%
Operating result€58k-€78k▲ 35.1%€70k▼ 9.7%€104k▲ 47.5%€117k▲ 12.7%
Net result€43k-€51k▲ 18.9%€44k▼ 12.6%€67k▲ 50.6%€82k▲ 23.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 13% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €898k
Fixed assets
€304k▲ 105%
Current assets
€594k▲ 5.1%
Equity and liabilities €898k
Equity
€242k▲ 51.7%
Debt
€656k▲ 18.5%
The debt ratio falls from 77.6% to 73.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€155k▲
2025 · €111k
Cash flow
€121k▲
2025 · €75k
Solvency
27.0%▲
2025 · 22.4%
Current ratio
1.42▼
2025 · 1.67
Quick ratio
1.42▼
2025 · 1.67
Debt / equity
2.71▼
2025 · 3.47
ROE
34.1%▼
2025 · 41.9%
ROA
9.2%▼
2025 · 9.4%
Interest coverage
7.43▲
2025 · 6.31
Debt
€656k▲
2025 · €554k
Debt ≤ 1 year
€419k▲
2025 · €339k
Debt > 1 year
€223k▲
2025 · €200k
Income taxes
€23k▼
2025 · €28k
Staff costs
€214k▲
2025 · €130k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€713k€898k▲
Fixed assets21/28€148k€304k▲
Intangible fixed assets21€5k€66k▲
Tangible fixed assets22/27€17k€112k▲
Plant, machinery and equipment23-€15k
Furniture and vehicles24€17k€41k▲
Leasing and similar rights25-€56k
Financial fixed assets28€126k€126k=
Current assets29/58€565k€594k▲
Amounts receivable within one year40/41€540k€572k▲
Trade receivables40€182k€251k▲
Other amounts receivable41€357k€321k▼
Cash at bank and in hand54/58€18k€17k▼
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€713k€898k▲
Equity10/15€160k€242k▲
Contributions10/11€19k€19k=
Reserves13€141k€223k▲
Distributable reserves133€141k€223k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€554k€656k▲
Amounts payable after more than one year17€200k€223k▲
Financial debts170/4€200k€223k▲
Amounts payable within one year42/48€339k€419k▲
Current portion of amounts payable after more than one year42€33k€54k▲
Financial debts43€26k€126k▲
Credit institutions430/8€26k€126k▲
Trade debts44€46k€79k▲
Suppliers440/4€46k€79k▲
Taxes, remuneration and social security45€55k€70k▲
Taxes450/3€22k€22k▲
Remuneration and social security454/9€33k€48k▲
Other amounts payable47/48€179k€89k▼
Accrued charges and deferred income492/3€15k€15k▲
Income statement
Code20252026
Remuneration, social security and pensions62€130k€214k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€38k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€243k€371k▲
Operating profit (loss)9901€104k€117k▲
Financial income75/76B€9k€10k▲
Recurring financial income75€9k€10k▲
Financial charges65/66B€18k€21k▲
Recurring financial charges65€18k€21k▲
Profit (loss) for the period before taxes9903€95k€106k▲
Income taxes67/77€28k€23k▼
Profit (loss) for the period9904€67k€82k▲
Profit (loss) for the period to be appropriated9905€67k€82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€67k€82k▲
Transfer to equity691/2€37k€82k▲
To other reserves6921€37k€82k▲
Profit to be distributed694/7€30k€0▼
Return on contributions (dividend)694€30k€0▼
Social balance
Average headcount (FTE)90871.93.1▲
The notes to these accounts (25 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 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Highest result since 2019net €82k ▲23.3%
Operating result €117k, net result €82k, both a record.
31-03
Financial
Equity above €200kEq €242k ▲51.7%
5 profitable years in a row build equity to €242k.
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Equity above €150kEq €160k ▲30.1%
4 profitable years in a row build equity to €160k.
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €100kEq €123k ▲49.9%
2 profitable years in a row build equity to €123k.
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
2021
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €-4k ▼117%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 2017
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.
Mimosalaan(Kor) 88500 KortrijkGround area
643 m²
Building footprint
121 m²
Volume, LiDAR
767 m³
Parcel 34354C0187/00D002, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DECRAENE THOMAS
since 20172.266.220.502
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0187/00D002 | Flanders | 643 m² | 1 · 121 m² | 10.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,517 EUR awarded · 1,491 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 513 EUR | 513 EUR |
| 2024 | 1 | 212 EUR | 212 EUR |
| 2023 | 1 | 666 EUR | 640 EUR |
| 2022 | 1 | 126 EUR | 126 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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LS DIFFUSION
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EMV Technics
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LENTRIC
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Of 1,124 companies in sector 43212 we hold annual accounts for 419. 338 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-06-2017
Fiscal year end31-03
Activities, NACEBEL
43212Electrical installation work in industrial facilities
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.