Equity
€117,393 ▼ 15.9%
DECREM paid out €22,500 in dividends. That is 7,911% of the 2025 profit.
DECREM
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €336,621 (2012)
€152,003▼ 7.7%
lowest -€5,156 (2021)
€284▼ 98.3%
peak €147,857 (2015)
€117,393▼ 15.9%
€119,767▲ 289%
peak 6.7 FTE (2007)
-not published
Board2 names since 2000
-
Documentsfilings and deeds
08-04-2026114 days before the deadline
2025micro format
Result from €17,202 to €284Dividend €22,500Equity from €139,609 to €117,393Debts from €30,794 to €119,767Investments €113,555
Key points
from the 2025 annual accountsTurnover
≈ €570,000 estimated
The micro format states no turnover.
Debts
€119,767 ▲ 289%
Debts rose by €88,973 in 2025.
Investments
€113,555 3.2 × depreciation
Green is investment, beige is depreciation.
Staff
2 FTE from 6.7 in 2007
Between 2007 and 2025, 70% of the full-time equivalents disappeared.
Filings
25 annual accounts since 2001
The last five annual accounts were filed 26 to 134 days before the end of the period.
Checked score
93
Excellent
Financially stronger than 47% of micro companies in specialised construction (NACE 43)
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: 0.7% across 47,696 companies (NACE 43, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged 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%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 0.1%● unchanged vs 05-2026highest value
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 1.80, cash €81,496
Founded in 2000
Equity €117,393 (49.5% 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 43, micro). It does better than 54% of them on solvency, 83% on liquidity, 33% on profitability and 20% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
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, 17,041 companies had the same profile as DECREM has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DECREM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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.
| 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 17,041 companies, not a prediction for DECREM. 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 €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.8 (3.53 in 2024), above the usual 1.5. Short-term debt is 23% and cash 34.4% of total assets. However, 50.5% 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
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 08-04-2026, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 days early
2024
86 days early
2023
134 days early
2022
32 days early
2021
26 days early
2020
25 days early
2019
23 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 63 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 May (4 of the last 5 accounts filed within 54 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473420574
2 directors appointed, 2 resignations
Resignations: DECREM Bertrand and VERVAELE Gina · Appointments: DECREM Bertrand and VERVAELE Gina · Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
Capital decrease of €63,540 to €19,200
Capital from €82,740 to €19,200 · General meeting of 16-01-2018 · Gazette deed
First establishment
Grotestraat 8, Pajottegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DECREM Pajottegem | - | - | 49.5% | - |
| ZARIN Leuven | €738,244 | 8.3% | 76.1% | - |
| CHARLY DESIGN Vilvoorde | - | - | -81.2% | - |
| FRANK VAN HAM Antwerp | - | - | 71.9% | - |
| XAVIER VERVLOESEM Gedinne | €563,575 | 5.5% | 70.0% | - |
| VANGOD Ramillies | - | - | 35.0% | - |
| MENUISERIE GUY CLAVIER Donceel | - | - | 83.0% | - |
These companies have the same main activity as DECREM: joinery installation (NACE 43320). They are comparable in size and age: total assets between €211,000 and €251,000, founded between 2002 and 2004.
Official details
Source: KBO- Status
- Active since 05-12-2000Normal situation
- Activity
- Joinery installationNACE 43320and 1 other
- Joint committee
- 124Construction · annual accounts 2021
- Establishment unit
- 2.097.718.6341540 Pajottegem, since 03-01-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 11-06-2025
Annual accounts 2025
- €237,160▲ 39.2%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 08-04-2026, 114 days before the end of the filing period
Insights on DECREM
DECREM files the micro format. That format states no turnover. The gross margin fell from €302,863 in 2006 to €152,003 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DECREM
- What is the company number of DECREM?
- The company number of DECREM is 0473.420.574. The VAT number is the same number with BE in front: BE 0473.420.574.
- Where is DECREM based?
- The registered office is at Grotestraat 8, 1540 Pajottegem.Company details
- What does DECREM do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of DECREM?
- DECREM is a private limited company (BV).
- When was DECREM founded?
- DECREM was founded on 05-12-2000.
- Is DECREM still active?
- Yes, DECREM is an active enterprise in the KBO register.
- How many employees does DECREM have?
- DECREM had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DECREM fall under?
- In its 2021 annual accounts, DECREM states joint committee 124 (Construction).
- What is the turnover of DECREM?
- The turnover in financial year 2025 is ≈ €570,000. This figure is estimated from the gross margin of €152,003 and 36 comparable companies (NACE 43320). It probably lies between €400,000 and €780,000.
- Is DECREM profitable?
- In financial year 2025, DECREM made a profit of €284.
- Where can I find the annual accounts of DECREM?
- DECREM filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DECREM due?
- DECREM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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