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DEKER

Active
Private limited companyfounded 1991active for 35 yearsRue des Gaulois(GHI) 7, 7822 Ath, BelgiumKBO/BCE: BE 0444.553.374

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 08-06-2026 PDF all 35 filings

Turnover
≈ €160,000
Estimated: probably between €110,000 and €280,000
Total assets
€528,500▼ 4.6%
2024 · €553,995
Net result
-€14,098
2024 · €14,271
Working capital
€5,878▼ 81.6%
2024 · €31,973
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €6,625, after a profit of €27,132 in 2024. It is the lowest result since 2021.

Operating result-€6,625 2025 Net result-€14,098 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€16,338-€17,657▲ 8.1%€28,635▲ 62.2%€40,593▲ 41.8%€68,562▲ 68.9%€10,783▼ 84.3%€27,132▲ 152%-€6,625
Net result€8,347-€7,389▼ 11.5%€15,653within the sector's middle half▲ 112%€24,075within the sector's middle half▲ 53.8%€53,169above the sector's middle half▲ 121%€2,318within the sector's middle half▼ 95.6%€14,271within the sector's middle half▲ 516%-€14,098below the sector's middle half
Equity€117,915-€125,304▲ 6.3%€140,957within the sector's middle half▲ 12.5%€165,032above the sector's middle half▲ 17.1%€210,701above the sector's middle half▲ 27.7%€210,304above the sector's middle half▼ 0.2%€222,425above the sector's middle half▲ 5.8%€202,327above the sector's middle half▼ 9.0%
Total assets€515,094-€518,726▲ 0.7%€487,285above the sector's middle half▼ 6.1%€464,759above the sector's middle half▼ 4.6%€618,442above the sector's middle half▲ 33.1%€577,560above the sector's middle half▼ 6.6%€553,995above the sector's middle half▼ 4.1%€528,500above the sector's middle half▼ 4.6%
Debt€397,179-€393,422▼ 0.9%€346,328▼ 12.0%€299,727▼ 13.5%€407,741▲ 36.0%€367,256▼ 9.9%€331,570▼ 9.7%€326,173▼ 1.6%
Working capital€55,980-€67,215▲ 20.1%€82,933within the sector's middle half▲ 23.4%€79,822within the sector's middle half▼ 3.8%€37,301within the sector's middle half▼ 53.3%€32,414within the sector's middle half▼ 13.1%€31,973within the sector's middle half▼ 1.4%€5,878within the sector's middle half▼ 81.6%
Solvency22.9%-24.2%▲ 1.3pp28.9%within the sector's middle half▲ 4.8pp35.5%within the sector's middle half▲ 6.6pp34.1%within the sector's middle half▼ 1.4pp36.4%within the sector's middle half▲ 2.3pp40.1%within the sector's middle half▲ 3.7pp38.3%within the sector's middle half▼ 1.9pp
Current ratio1.97-1.91▼ 0.052.45within the sector's middle half▲ 0.532.52within the sector's middle half▲ 0.071.50within the sector's middle half▼ 1.021.42within the sector's middle half▼ 0.081.51within the sector's middle half▲ 0.091.07within the sector's middle half▼ 0.44
Return on assets (ROA)1.6%-1.4%▼ 0.2pp3.2%within the sector's middle half▲ 1.8pp5.2%within the sector's middle half▲ 2.0pp8.6%within the sector's middle half▲ 3.4pp0.4%within the sector's middle half▼ 8.2pp2.6%within the sector's middle half▲ 2.2pp-2.7%below the sector's middle half▼ 5.2pp
above within below The sector band is the middle half of the companies in Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €528,500
Fixed assets €443,222 ▼ 3.6%
Current assets €85,278 ▼ 9.6%
Equity and liabilities €528,500
Equity €202,327 ▼ 9.0%
Debt €326,173 ▼ 1.6%
Debt's share of the balance-sheet total rises from 59.9% to 61.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€48,369▼
2024 · €73,646
Cash flow
€40,897▼
2024 · €60,786
Quick ratio
1.04▼
2024 · 1.51
Debt to equity
1.61▲
2024 · 1.49
ROE
-7.0%▼
2024 · 6.4%
Interest coverage
6.56▼
2024 · 9.66
Debt ≤ 1 year
€79,400▲
2024 · €62,370
Debt > 1 year
€244,511▼
2024 · €268,458
Income taxes
€134▼
2024 · €5,265
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as DEKER: manufacture of other builders' carpentry and joinery (NACE 16230). They are comparable in size and age: total assets between €399,000 and €1m, founded between 1981 and 2001.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
DEKER Ath1991€0.5m€0.2m€0.05m-€0.01m2025
GEDEBO Berlare1996€0.4m€0.3m€0.06m€0.02m2024
CAUWELIER Poperinge1999€0.5m€0.3m€0.07m€0.01m2025
JM MOORS Genk1989€0.6m€0.4m€0.09m€0.04m2025
MENUISERIE FRANCIS HENDRICK Verviers2001€0.6m€0.2m€0.06m€0.006m2025
MARCHETTI Estinnes1994€0.6m€0.02m€0.1m-€0.1m2025
EUROFEN Mouscron1981€1.0m€0.7m€0.04m€0.006m2025

They were chosen from the 746 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 8,617 companies had the same profile as DEKER has now. Two years later, 0.4% had gone bankrupt and 94.2% were still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94.2% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of DEKER itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 8,617 companies, not a prediction for DEKER. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines

Source: Annual accounts 2025 (PDF), filed on 08-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€553,995€528,500▼
Fixed assets21/28€459,652€443,222▼
Intangible fixed assets21€2,621€1,897▼
Tangible fixed assets22/27€456,976€441,271▼
Land and buildings22€303,373€291,556▼
Plant, machinery and equipment23€18,090€10,925▼
Furniture and vehicles24€23,275€18,222▼
Leasing and similar rights25€112,239€120,567▲
Financial fixed assets28€55€55=
Current assets29/58€94,344€85,278▼
Stocks and contracts in progress3€0€3,000▲
Stocks30/36€0€3,000▲
Amounts receivable within one year40/41€11,647€12,868▲
Trade receivables40€10,812€11,911▲
Other amounts receivable41€835€957▲
Current investments50/53€124€124=
Cash at bank and in hand54/58€73,459€63,703▼
Deferred charges and accrued income490/1€9,113€5,582▼
Equity and liabilities
Total equity and liabilities10/49€553,995€528,500▼
Equity10/15€222,425€202,327▼
Contributions10/11€98,000€98,000=
Reserves13€124,300€118,300▼
Non-distributable reserves130/1€9,800€9,800=
Reserves not available under the articles1311€9,800€9,800=
Tax-exempt reserves132€11,000€11,000=
Distributable reserves133€103,500€97,500▼
Profit (loss) carried forward14€125-€13,973▼
Amounts payable17/49€331,570€326,173▼
Amounts payable after more than one year17€268,458€244,511▼
Financial debts170/4€268,458€244,511▼
Amounts payable within one year42/48€62,370€79,400▲
Current portion of amounts payable after more than one year42€42,890€50,855▲
Trade debts44€7,376€7,868▲
Suppliers440/4€7,376€7,868▲
Taxes, remuneration and social security45€7,057€10,059▲
Taxes450/3€4,357€7,359▲
Remuneration and social security454/9€2,700€2,700=
Other amounts payable47/48€5,047€10,617▲
Accrued charges and deferred income492/3€742€2,262▲
Income statement Code20242025
Non-recurring operating income76A-€724
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,514€54,995▲
Other operating charges640/8€4,745€4,986▲
Gross operating margin9900€78,391€53,355▼
Operating profit (loss)9901€27,132-€6,625▼
Financial income75/76B€31€39▲
Recurring financial income75€31€39▲
Financial charges65/66B€7,626€7,378▼
Recurring financial charges65€7,626€7,378▼
Profit (loss) for the period before taxes9903€19,536-€13,964▼
Income taxes67/77€5,265€134▼
Profit (loss) for the period9904€14,271-€14,098▼
Profit (loss) for the period to be appropriated9905€14,271-€14,098▼
Appropriation of the result
Profit (loss) to be appropriated9906€14,275-€13,973▼
Profit (loss) brought forward from the previous period14P€4€125▲
Transfer from equity791/2-€6,000
Transfer to equity691/2€12,000€0▼
To other reserves6921€12,000€0▼
Profit to be distributed694/7€2,150€6,000▲
Return on contributions (dividend)694€2,150€6,000▲

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Non-recurring operating income76A-------€724-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,467€42,317€32,390€19,108€25,618€45,999€46,514€54,995▲ 18.2%
Other operating charges640/8---€10,750€3,683€4,170€4,745€4,986▲ 5.1%
Gross operating margin9900€83,085€65,500€64,904€70,450€97,863€60,952€78,391€53,355▼ 31.9%
Operating profit (loss)9901€16,338€17,657€28,635€40,593€68,562€10,783€27,132-€6,625-
Financial income75/76B---€282€56€152€31€39▲ 27.0%
Recurring financial income75€375€486€322€282€56€152€31€39▲ 27.0%
Financial charges65/66B---€7,066€7,898€7,582€7,626€7,378▼ 3.3%
Recurring financial charges65€5,664€8,374€7,539€7,066€7,898€7,582€7,626€7,378▼ 3.3%
Profit (loss) for the period before taxes9903€11,049€9,769€21,418€33,808€60,720€3,353€19,536-€13,964-
Income taxes67/77€2,702€2,380€5,765€9,733€7,551€1,035€5,265€134▼ 97.5%
Profit (loss) for the period9904€8,347€7,389€15,653€24,075€53,169€2,318€14,271-€14,098-
Profit (loss) for the period to be appropriated9905€8,347€7,389€15,653€24,075€53,169€2,318€14,271-€14,098-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€515,094€518,726€487,285€464,759€618,442€577,560€553,995€528,500▼ 4.6%
Fixed assets21/28€401,348€378,042€347,121€332,306€506,339€468,292€459,652€443,222▼ 3.6%
Intangible fixed assets21--€857€657€457€3,146€2,621€1,897▼ 27.6%
Tangible fixed assets22/27€400,799€377,987€346,209€331,594€505,827€465,092€456,976€441,271▼ 3.4%
Land and buildings22---€313,157€319,645€311,379€303,373€291,556▼ 3.9%
Plant, machinery and equipment23---€6,607€18,382€14,055€18,090€10,925▼ 39.6%
Furniture and vehicles24---€11,831€8,419€3,847€23,275€18,222▼ 21.7%
Leasing and similar rights25----€159,382€135,810€112,239€120,567▲ 7.4%
Financial fixed assets28€549€55€55€55€55€55€55€55=
Current assets29/58€113,746€140,685€140,165€132,453€112,103€109,268€94,344€85,278▼ 9.6%
Stocks and contracts in progress3-----€1,750€0€3,000-
Stocks30/36-----€1,750€0€3,000-
Amounts receivable within one year40/41€47,720€47,791€16,027€13,433€17,490€12,831€11,647€12,868▲ 10.5%
Trade receivables40---€9,355€7,300€12,691€10,812€11,911▲ 10.2%
Other amounts receivable41---€4,078€10,190€140€835€957▲ 14.7%
Current investments50/53€124€124€124€124€124€124€124€124=
Cash at bank and in hand54/58€58,186€85,631€119,631€102,294€79,867€82,712€73,459€63,703▼ 13.3%
Deferred charges and accrued income490/1---€16,602€14,623€11,851€9,113€5,582▼ 38.7%
Equity and liabilities
Total equity and liabilities10/49€515,094€518,726€487,285€464,759€618,442€577,560€553,995€528,500▼ 4.6%
Equity10/15€117,915€125,304€140,957€165,032€210,701€210,304€222,425€202,327▼ 9.0%
Contributions10/11€98,000€98,000-€98,000€98,000€98,000€98,000€98,000=
Reserves13€20,800€26,800€42,300€66,300€110,300€112,300€124,300€118,300▼ 4.8%
Non-distributable reserves130/1---€9,800€9,800€9,800€9,800€9,800=
Reserves not available under the articles1311---€9,800€9,800€9,800€9,800€9,800=
Tax-exempt reserves132---€11,000€11,000€11,000€11,000€11,000=
Distributable reserves133---€45,500€89,500€91,500€103,500€97,500▼ 5.8%
Profit (loss) carried forward14-€885€504€657€732€2,401€4€125-€13,973-
Amounts payable17/49€397,179€393,422€346,328€299,727€407,741€367,256€331,570€326,173▼ 1.6%
Amounts payable after more than one year17€339,413€319,923€287,393€245,898€332,869€290,249€268,458€244,511▼ 8.9%
Financial debts170/4---€245,898€332,869€290,249€268,458€244,511▼ 8.9%
Amounts payable within one year42/48€57,766€73,470€57,232€52,631€74,802€76,853€62,370€79,400▲ 27.3%
Current portion of amounts payable after more than one year42---€41,496€40,886€41,159€42,890€50,855▲ 18.6%
Financial debts43---€19-----
Credit institutions430/8---€19-----
Trade debts44€14,198€27,481€5,462€9,449€14,898€8,940€7,376€7,868▲ 6.7%
Suppliers440/4---€9,449€14,898€8,940€7,376€7,868▲ 6.7%
Taxes, remuneration and social security45---€710€9,051€16,093€7,057€10,059▲ 42.5%
Taxes450/3---€710€6,351€13,393€4,357€7,359▲ 68.9%
Remuneration and social security454/9----€2,700€2,700€2,700€2,700=
Other amounts payable47/48---€957€9,968€10,661€5,047€10,617▲ 110%
Accrued charges and deferred income492/3---€1,198€70€154€742€2,262▲ 205%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€8,347€7,389€15,653€24,075€53,169€2,318€14,271-€14,098-
+ Depreciation and write-downs630€54,467€42,317€32,390€19,108€25,618€45,999€46,514€54,995▲ 18.2%
Operating cash flow (approximation)€62,813€49,706€48,043€43,183€78,787€48,317€60,786€40,897▼ 32.7%
Investment in fixed assets (approximation)--€19,010-€1,469-€4,293-€199,650-€7,953-€37,874-€38,565▼ 1.8%
Change in cash-€27,445€34,000-€17,336-€22,427€2,845-€9,253-€9,756▼ 5.4%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 35 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 08-06-2026 2026-00142617 PDF
31-12-2024 micro format 27-06-2025 2025-00185475 PDF
31-12-2023 micro format 05-07-2024 2024-00210973 PDF
31-12-2022 micro format 31-08-2023 2023-00387092 PDF
31-12-2021 micro format 06-07-2022 2022-20142742 PDF
31-12-2020 micro format 29-06-2021 2021-28300244 PDF
31-12-2019 micro format 08-06-2020 2020-15400438 PDF
31-12-2018 micro format 16-07-2019 2019-33600077 PDF
31-12-2017 micro format 29-06-2018 2018-26900028 PDF
31-12-2016 micro format 31-08-2017 2017-57700139 PDF

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