DECSAN
ActiveSummary
DECSAN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,080 and a net result of -€11,443. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2025
Profitability13▼-25
Solvency39▼-61
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.55; short-term debt: 85.5% of total assets), and 85.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.5%
Return on assets
-4.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2025
17 d late
2024
8 d late
2023
28 d late
2022
23 d late
2021
27 d late
2020
25 d late
← 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 23 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€36,080▼ 24.1%
2025 · €47,522
Total assets
€249,315▲ 297%
2025 · €62,771
Net result
-€11,443
2025 · €76
Working capital
-€95,239
2025 · €45,209
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20222023202420252025
Operating result€25,151▼ 31.5%€1,498▼ 94.0%€352▼ 76.5%€1,272▲ 261%-€10,368-
Net result€19,601within the sector's middle half▼ 25.0%€974within the sector's middle half▼ 95.0%-€207within the sector's middle half€76within the sector's middle half-€11,443below the sector's middle half-
Equity€65,250within the sector's middle half▲ 42.9%€47,654within the sector's middle half▼ 27.0%€47,447within the sector's middle half▼ 0.4%€47,522within the sector's middle half▲ 0.2%€36,080within the sector's middle half-
Total assets€105,121within the sector's middle half▼ 0.1%€74,019within the sector's middle half▼ 29.6%€85,199within the sector's middle half▲ 15.1%€62,771within the sector's middle half▼ 26.3%€249,315within the sector's middle half-
Debt€39,871▼ 33.1%€26,366▼ 33.9%€37,752▲ 43.2%€15,248▼ 59.6%€213,235-
Working capital€60,468▲ 56.5%€44,007▼ 27.2%€45,077▲ 2.4%€45,209▲ 0.3%-€95,239-
Solvency62.1%above the sector's middle half▲ 18.7pp64.4%above the sector's middle half▲ 2.3pp55.7%within the sector's middle half▼ 8.7pp75.7%above the sector's middle half▲ 20.0pp14.5%within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €249,315
Fixed assets
€131,319 ▲ 5,577%
Current assets
€117,996 ▲ 95.2%
Equity and liabilities €249,315
Equity
€36,080 ▼ 24.1%
Debt
€213,235 ▲ 1,298%
Debt's share of the balance-sheet total rises from 24.3% to 85.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,738▼
2025 · €1,898
Cash flow
-€10,812▼
2025 · €701
Current ratio
0.55▼
2025 · 3.96
Quick ratio
0.23▼
2025 · 1.86
Debt to equity
5.91▲
2025 · 0.32
ROE
-31.7%▼
2025 · 0.2%
ROA
-4.6%▼
2025 · 0.1%
Interest coverage
-8.77▼
2025 · 2.33
Debt ≤ 1 year
€213,235▲
2025 · €15,248
Income taxes
€27▼
2025 · €769
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 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% | 1.6% |
| 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 74% 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 2,448 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 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,726 | €2,215 | €1,276 | €626 | €631 | - |
| Other operating charges640/8 | - | - | - | - | €557 | - |
| Gross operating margin9900 | €27,877 | €3,713 | €1,629 | €1,898 | -€9,181 | - |
| Operating profit (loss)9901 | €25,151 | €1,498 | €352 | €1,272 | -€10,368 | - |
| Financial income75/76B | €1,091 | €393 | €574 | €388 | €63 | - |
| Recurring financial income75 | €1,091 | €393 | €574 | €388 | €63 | - |
| Financial charges65/66B | €189 | €129 | €800 | €815 | €1,111 | - |
| Recurring financial charges65 | €189 | €129 | €800 | €815 | €1,111 | - |
| Profit (loss) for the period before taxes9903 | €26,053 | €1,762 | €126 | €845 | -€11,416 | - |
| Income taxes67/77 | €6,452 | €789 | €333 | €769 | €27 | - |
| Profit (loss) for the period9904 | €19,601 | €974 | -€207 | €76 | -€11,443 | - |
| Profit (loss) for the period to be appropriated9905 | €19,601 | €974 | -€207 | €76 | -€11,443 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,121 | €74,019 | €85,199 | €62,771 | €249,315 | - |
| Fixed assets21/28 | €4,782 | €3,646 | €2,370 | €2,313 | €131,319 | - |
| Tangible fixed assets22/27 | €4,282 | €2,546 | €1,270 | €1,213 | €130,219 | - |
| Plant, machinery and equipment23 | €1,842 | €1,382 | €921 | €461 | €230 | - |
| Furniture and vehicles24 | €2,440 | €1,164 | €349 | €752 | €1,816 | - |
| Other tangible fixed assets26 | - | - | - | - | €128,173 | - |
| Financial fixed assets28 | €500 | €1,100 | €1,100 | €1,100 | €1,100 | - |
| Current assets29/58 | €100,338 | €70,373 | €82,829 | €60,458 | €117,996 | - |
| Stocks and contracts in progress3 | €39,927 | €47,167 | €34,900 | €32,167 | €70,000 | - |
| Stocks30/36 | €39,927 | €47,167 | €34,900 | €32,167 | €70,000 | - |
| Amounts receivable within one year40/41 | €156 | €741 | €964 | €4,428 | €47,996 | - |
| Trade receivables40 | €90 | €741 | €964 | €4,428 | €34,326 | - |
| Other amounts receivable41 | €66 | - | - | - | €13,670 | - |
| Cash at bank and in hand54/58 | €57,979 | €20,169 | €33,737 | €21,315 | - | - |
| Deferred charges and accrued income490/1 | €2,276 | €2,296 | €13,228 | €2,548 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,121 | €74,019 | €85,199 | €62,771 | €249,315 | - |
| Equity10/15 | €65,250 | €47,654 | €47,447 | €47,522 | €36,080 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | - |
| Reserves13 | €43,772 | €43,772 | €43,772 | €43,772 | €43,772 | - |
| Non-distributable reserves130/1 | €772 | €772 | €772 | €772 | €772 | - |
| Reserves not available under the articles1311 | €772 | €772 | €772 | €772 | €772 | - |
| Distributable reserves133 | €43,000 | €43,000 | €43,000 | €43,000 | €43,000 | - |
| Profit (loss) carried forward14 | €2,878 | -€14,719 | -€14,925 | -€14,850 | -€26,292 | - |
| Amounts payable17/49 | €39,871 | €26,366 | €37,752 | €15,248 | €213,235 | - |
| Amounts payable within one year42/48 | €39,871 | €26,366 | €37,752 | €15,248 | €213,235 | - |
| Financial debts43 | - | - | - | - | €36,391 | - |
| Credit institutions430/8 | - | - | - | - | €36,391 | - |
| Trade debts44 | €14,816 | €16,752 | €17,054 | €10,818 | €83,852 | - |
| Suppliers440/4 | €14,816 | €16,752 | €17,054 | €10,818 | €83,852 | - |
| Advances received on contracts in progress46 | €3,573 | €5,784 | €13,117 | - | - | - |
| Taxes, remuneration and social security45 | €6,469 | €3,445 | €6,156 | €4,364 | €10,734 | - |
| Taxes450/3 | €6,469 | €3,445 | €6,156 | €4,364 | €10,734 | - |
| Other amounts payable47/48 | €15,012 | €383 | €1,424 | €66 | €82,259 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,601 | €974 | -€207 | €76 | -€11,443 | - |
| + Depreciation and write-downs630 | €2,726 | €2,215 | €1,276 | €626 | €631 | - |
| Operating cash flow (approximation) | €22,327 | €3,188 | €1,069 | €701 | -€10,812 | - |
| Investment in fixed assets (approximation) | - | -€1,079 | €0 | -€569 | - | - |
| Change in cash | - | -€37,810 | €13,568 | -€12,422 | - | - |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Weakest financial yearnet -€11,443
Net result drops to -€11,443, the lowest in the series.
30-06
Financial
Back to profitnet €76
Net result €76 after one loss-making year.
08-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
23-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
27-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
30-06
Financial
Highest result since 2019net €26,142 ▲264%
Operating result €36,716, net result €26,142, both a record.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
30-06
Financial
Back to profitnet €7,173
Net result €7,173 after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
19-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
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, Waterloo · 1 establishment unit since 2006
Ground area
235 m²
Building footprint
50 m²
Volume, LiDAR
502 m³
Parcel 25110A0278/00_000, Wallonia · tallest building 11.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ALAIN AFFLELOU
since 20062.152.294.990
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110A0278/00_000 | Wallonia | 235 m² | 1 · 50 m² | 11.8 m · 4 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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DE BELSER OPTICS
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Of 1,733 companies in sector 47742 we hold annual accounts for 1,139. 846 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
Founded02-02-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879101397
Also
9925:BE0879101397
Registered
13-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.