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Decruyenaere

Active
Public limited companyfounded 196858 yrs activeDoorniksesteenweg 193, 8580 Avelgem, BelgiumKBO/BCE: BE 0405.401.701
Summary

Decruyenaere has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€361,873. Equity is shrinking by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 4652 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Risk analysisWatch ReportCompare
DecruyenaereActiveChecked score 62/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of footwear
NACE 47721NACE 52431
#6 company by total assets in Avelgem, Wholesale and retail trade sector3 sites
Size
€3.5mtotal assets 2025
Staff
13.7 FTE
Equity
€1.1m
Loss
-€361,873
Financial health
62 Healthy Checked score 2025
Bankruptcy chance 12 m
1.5%
Structure
Parent
KEVIN HOLDING · 99.9%
Accounts 37 d early0 of 6 deeds read
Why 62- Loss of €361,873, the second in a row (FY 2025)- Liquidity: current ratio 0.74, cash €64,577- Sector Retail trade (NACE 47)- Size: 13.7 FTE, total assets €3.5mShow the evidence

Checked score

Score 2025
62 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 28% of its sector peers (NACE 47, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 55-7
equity 30.0% of total assets
Liquidity 38-7
short-term debt 32.1% · cash 1.8%
Profitability 11-1
return on assets -10.2%
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,675 companies)
Last 24 months 11-2024: 0.6%lowest value 12-2024: 0.6%● 0.0% vs 11-2024lowest value 01-2025: 0.6%● 0.0% vs 12-2024lowest value 02-2025: 0.6%● 0.0% vs 01-2025lowest value 03-2025: 0.6%▲ +1.4% vs 02-2025 04-2025: 0.6%▲ +5.6% vs 03-2025 05-2025: 0.7%▲ +4.6% vs 04-2025 06-2025: 0.7%▲ +0.5% vs 05-2025 07-2025: 1.4%▲ +119% vs 06-2025 08-2025: 1.4%● 0.0% vs 07-2025 09-2025: 1.4%● 0.0% vs 08-2025 10-2025: 1.4%● 0.0% vs 09-2025 11-2025: 1.4%● 0.0% vs 10-2025 12-2025: 1.4%● 0.0% vs 11-2025 01-2026: 1.4%● 0.0% vs 12-2025 02-2026: 1.4%● 0.0% vs 01-2026 03-2026: 1.5%▲ +1.2% vs 02-2026 04-2026: 1.5%▲ +4.9% vs 03-2026 05-2026: 1.6%▲ +4.2% vs 04-2026 06-2026: 1.6%▲ +3.0% vs 05-2026highest value 07-2026: 1.5%▼ -10.8% vs 06-2026 08-2026: 1.5%● 0.0% vs 07-2026 09-2026: 1.5%● 0.0% vs 08-2026 10-2026: 1.5%● 0.0% vs 09-2026
  • Loss of €361,873, the second in a row (FY 2025) raises the probability
  • Liquidity: current ratio 0.74, cash €64,577 raises the probability
  • Sector Retail trade (NACE 47) raises the probability
  • Size: 13.7 FTE, total assets €3.5m raises the probability for this profile
Credit up to €65,000 at 30 days acceptable
Liquidity short (current ratio 0.74 against 1.03 in 2024; short-term debt: 32.1% and cash: 1.8% of total assets), and 70% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, small). Better than this share of them on solvency 49%, liquidity 42%, profitability 8%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Loss of €361,873, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.74, cash €64,577
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Size: 13.7 FTE, total assets €3.5m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€361,873
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
37 d early
2024
35 d early
2023
36 d early
2022
34 d early
2021
25 d early
2020
23 d late
2019
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€361,873 View
  • Caution: Among the weakest 5% on net resultsector median €40,227 · 4,652 companies -€361,873 View
  • Controlled by KEVIN HOLDING 99.9% View
  • Active since 1968founded 01-01-1968 58 years View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View
  • Caution: Equity fell in 2025from €1.4m to €1.1m ▼ 25.4% View

By topic

Financials

Fiscal year
2025
Total assets
€3.5m
Loss
-€361,873
Solvency
30.0%
Total assets▼ 9.1%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 24-06-2026Annual accounts filed
  2. 26-06-2025Annual accounts filed
  3. 25-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Retail sale of footwearNACE 47721
Founded
01-01-1968
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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