DECS
ActiveSummary
DECS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €603,600 and a net result of €88,430. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 50% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-4
Solvency81▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 10.97 against 22.71 in 2024; short-term debt: 3.7% and cash: 14.9% of total assets), and 44.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
55.8%
Return on assets
8.2%
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 · 8 filingsDeviation from the deadline
2025
30 d early
2024
16 d early
2023
35 d early
2022
27 d early
2021
3 d early
2020
23 d early
2019
32 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 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€603,600▲ 17.2%
2024 · €515,171
Total assets
€1.1m▲ 9.7%
2024 · €985,959
Net result
€88,430▼ 23.2%
2024 · €115,107
Working capital
€397,216▲ 29.9%
2024 · €305,707
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€120,726▲ 10.7%€118,150▼ 2.1%€107,086▼ 9.4%€162,416▲ 51.7%€127,770▼ 21.3%
Net result€93,085above the sector's middle half▲ 13.9%€92,969above the sector's middle half▼ 0.1%€75,307above the sector's middle half▼ 19.0%€115,107above the sector's middle half▲ 52.9%€88,430above the sector's middle half▼ 23.2%
Equity€231,787within the sector's middle half▲ 49.6%€324,756above the sector's middle half▲ 40.1%€400,063above the sector's middle half▲ 23.2%€515,171above the sector's middle half▲ 28.8%€603,600above the sector's middle half▲ 17.2%
Total assets€312,255within the sector's middle half▲ 34.4%€682,474above the sector's middle half▲ 119%€904,865above the sector's middle half▲ 32.6%€985,959above the sector's middle half▲ 9.0%€1.1mabove the sector's middle half▲ 9.7%
Debt€80,468▲ 3.8%€357,718▲ 345%€504,802▲ 41.1%€470,788▼ 6.7%€477,675▲ 1.5%
Working capital€229,645▲ 56.0%€256,328▲ 11.6%€182,788▼ 28.7%€305,707▲ 67.2%€397,216▲ 29.9%
Solvency74.2%within the sector's middle half▲ 7.6pp47.6%within the sector's middle half▼ 26.6pp44.2%within the sector's middle half▼ 3.4pp52.3%within the sector's middle half▲ 8.0pp55.8%within the sector's middle half▲ 3.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€644,208 ▼ 3.3%
Current assets
€437,067 ▲ 36.7%
Equity and liabilities €1.1m
Equity
€603,600 ▲ 17.2%
Debt
€477,675 ▲ 1.5%
Debt's share of the balance-sheet total falls from 47.7% to 44.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€149,731▼
2024 · €184,376
Cash flow
€110,390▼
2024 · €137,068
Current ratio
10.97▼
2024 · 22.71
Debt to equity
0.79▼
2024 · 0.91
ROE
14.7%▼
2024 · 22.3%
ROA
8.2%▼
2024 · 11.7%
Interest coverage
7.86▼
2024 · 8.62
Debt ≤ 1 year
€39,851▲
2024 · €14,084
Debt > 1 year
€436,324▼
2024 · €455,205
Income taxes
€34,509▼
2024 · €36,164
Staff costs
€18,632▼
2024 · €25,492
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,778 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €9,265 | - | - | - | €61,629 | - |
| Remuneration, social security and pensions62 | €1,704 | €1,260 | €56,791 | €25,492 | €18,632 | ▼ 26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,705 | €714 | €10,337 | €21,960 | €21,960 | = |
| Other operating charges640/8 | €9,702 | €44,526 | €51,706 | €5,867 | €24,853 | ▲ 324% |
| Non-recurring operating charges66A | - | - | - | - | €31,766 | - |
| Gross operating margin9900 | €133,837 | €164,650 | €225,921 | €215,735 | €224,981 | ▲ 4.3% |
| Operating profit (loss)9901 | €120,726 | €118,150 | €107,086 | €162,416 | €127,770 | ▼ 21.3% |
| Financial income75/76B | €1,326 | €1,181 | €1,304 | €10,236 | €14,226 | ▲ 39.0% |
| Recurring financial income75 | €1,326 | €1,181 | €1,304 | €10,236 | €14,226 | ▲ 39.0% |
| Financial charges65/66B | €1,057 | €2,006 | €12,168 | €21,380 | €19,058 | ▼ 10.9% |
| Recurring financial charges65 | €1,057 | €2,006 | €12,168 | €21,380 | €19,058 | ▼ 10.9% |
| Profit (loss) for the period before taxes9903 | €120,994 | €117,325 | €96,223 | €151,272 | €122,939 | ▼ 18.7% |
| Income taxes67/77 | €27,909 | €24,356 | €20,916 | €36,164 | €34,509 | ▼ 4.6% |
| Profit (loss) for the period9904 | €93,085 | €92,969 | €75,307 | €115,107 | €88,430 | ▼ 23.2% |
| Profit (loss) for the period to be appropriated9905 | €93,085 | €92,969 | €75,307 | €115,107 | €88,430 | ▼ 23.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312,255 | €682,474 | €904,865 | €985,959 | €1.1m | ▲ 9.7% |
| Fixed assets21/28 | €2,142 | €336,428 | €688,129 | €666,169 | €644,208 | ▼ 3.3% |
| Tangible fixed assets22/27 | €2,142 | €336,428 | €687,949 | €665,989 | €644,028 | ▼ 3.3% |
| Land and buildings22 | - | €335,000 | €686,521 | €665,275 | €644,028 | ▼ 3.2% |
| Furniture and vehicles24 | €2,142 | €1,428 | €1,428 | €714 | - | - |
| Financial fixed assets28 | - | - | €180 | €180 | €180 | = |
| Current assets29/58 | €310,113 | €346,046 | €216,736 | €319,791 | €437,067 | ▲ 36.7% |
| Amounts receivable within one year40/41 | €45,534 | €78,166 | €145,817 | €155,618 | €251,427 | ▲ 61.6% |
| Trade receivables40 | €26,484 | €907 | €57,833 | - | €11,360 | - |
| Other amounts receivable41 | €19,049 | €77,259 | €87,985 | €155,618 | €240,067 | ▲ 54.3% |
| Cash at bank and in hand54/58 | €264,580 | €266,699 | €68,470 | €151,998 | €160,958 | ▲ 5.9% |
| Deferred charges and accrued income490/1 | - | €1,181 | €2,448 | €12,174 | €24,683 | ▲ 103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312,255 | €682,474 | €904,865 | €985,959 | €1.1m | ▲ 9.7% |
| Equity10/15 | €231,787 | €324,756 | €400,063 | €515,171 | €603,600 | ▲ 17.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €38,371 | €38,371 | €38,371 | €1,999 | €1,999 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €139 | €139 | €139 | €139 | €139 | = |
| Distributable reserves133 | €36,371 | €36,371 | €36,371 | - | - | - |
| Profit (loss) carried forward14 | €174,816 | €267,786 | €343,093 | €494,572 | €583,001 | ▲ 17.9% |
| Amounts payable17/49 | €80,468 | €357,718 | €504,802 | €470,788 | €477,675 | ▲ 1.5% |
| Amounts payable after more than one year17 | - | €268,000 | €469,354 | €455,205 | €436,324 | ▼ 4.1% |
| Financial debts170/4 | - | €268,000 | €469,354 | €455,205 | €436,324 | ▼ 4.1% |
| Amounts payable within one year42/48 | €80,468 | €89,718 | €33,948 | €14,084 | €39,851 | ▲ 183% |
| Trade debts44 | €53,330 | €73,804 | €23,549 | €5,293 | €8,763 | ▲ 65.6% |
| Suppliers440/4 | €53,330 | €73,804 | €23,549 | €5,293 | €8,763 | ▲ 65.6% |
| Taxes, remuneration and social security45 | €27,139 | €15,914 | €10,399 | €8,791 | €31,088 | ▲ 254% |
| Taxes450/3 | €27,139 | €15,914 | €9,060 | €8,791 | €31,088 | ▲ 254% |
| Remuneration and social security454/9 | - | - | €1,339 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €1,500 | €1,500 | €1,500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93,085 | €92,969 | €75,307 | €115,107 | €88,430 | ▼ 23.2% |
| + Depreciation and write-downs630 | €1,705 | €714 | €10,337 | €21,960 | €21,960 | = |
| Operating cash flow (approximation) | €94,791 | €93,683 | €85,644 | €137,068 | €110,390 | ▼ 19.5% |
| Investment in fixed assets (approximation) | - | -€335,000 | -€362,039 | €0 | €0 | - |
| Change in cash | - | €2,120 | -€198,229 | €83,528 | €8,960 | ▼ 89.3% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €115,107 ▲52.9%
Operating result €162,416, net result €115,107, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 22.71
Current ratio from 6.38 to 22.71; short-term debt falls from €33,948 to €14,084.
31-12
Financial
Equity above €500,000Eq €515,171 ▲28.8%
7 profitable years in a row build equity to €515,171.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €231,787 ▲49.6%
4 profitable years in a row build equity to €231,787.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €154,892 ▲112%
3 profitable years in a row build equity to €154,892.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
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.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Ukkel · 1 establishment unit since 2017
Ground area
350 m²
Building footprint
99 m²
Volume, LiDAR
831 m³
Parcel 21612D0327/00H033, Brussels · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DECS
since 20172.267.091.423
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0327/00H033 | Brussels | 350 m² | 1 · 99 m² | 10.3 m · 3 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 33,057 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
Founded18-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
73110Advertising agencies
73300Public relations and communication consultancy
78200Temporary employment agencies and other provision of personnel
85592Vocational training
Contact
E-mail
davide.sighinolfi@gmail.comUkkel
Phone
0490563211Ukkel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0679885569
Also
9925:BE0679885569
Registered
23-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.