DEKO
ActiveSummary
DEKO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,920 and a net result of -€21,536. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+40
Solvency35▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.01 in 2024; short-term debt: 64% and cash: 1.7% of total assets), and 89.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
10.1%
Return on assets
-3.3%
Age of the figures
9 mo
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 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€21,536
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
31 d late
2022
91 d late
2021
165 d early
2020
19 d early
2019
4 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 10 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€66,920▼ 24.3%
2024 · €88,456
Total assets
€661,211▼ 3.0%
2024 · €681,847
Net result
-€21,536▲ 6.7%
2024 · -€23,083
Working capital
-€411,112▼ 2.3%
2024 · -€402,006
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€1,939-€6,634-€16,991▼ 156%-€20,729▼ 22.0%-€19,244▲ 7.2%
Net result€2,958within the sector's middle half-€9,145within the sector's middle half-€19,488below the sector's middle half▼ 113%-€23,083below the sector's middle half▼ 18.4%-€21,536below the sector's middle half▲ 6.7%
Equity€140,172within the sector's middle half€131,027within the sector's middle half▼ 6.5%€111,539within the sector's middle half▼ 14.9%€88,456within the sector's middle half▼ 20.7%€66,920within the sector's middle half▼ 24.3%
Total assets€309,642below the sector's middle half▼ 3.9%€408,141below the sector's middle half▲ 31.8%€662,614within the sector's middle half▲ 62.3%€681,847within the sector's middle half▲ 2.9%€661,211within the sector's middle half▼ 3.0%
Debt€169,470▼ 55.9%€277,114▲ 63.5%€551,075▲ 98.9%€593,391▲ 7.7%€594,291▲ 0.2%
Working capital-€144,966▲ 60.1%-€205,960▼ 42.1%-€335,317▼ 62.8%-€402,006▼ 19.9%-€411,112▼ 2.3%
Solvency45.3%within the sector's middle half▲ 64.6pp32.1%within the sector's middle half▼ 13.2pp16.8%within the sector's middle half▼ 15.3pp13.0%within the sector's middle half▼ 3.9pp10.1%within the sector's middle half▼ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19,244 in 2025 against €20,729 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €656,553
Fixed assets
€644,360 ▼ 3.8%
Current assets
€12,193 ▲ 304%
Equity and liabilities €661,211
Equity
€66,920 ▼ 24.3%
Debt
€594,291 ▲ 0.2%
Debt's share of the balance-sheet total rises from 87.0% to 89.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12,158▲
2024 · €1,205
Cash flow
€9,866▲
2024 · -€1,149
Current ratio
0.03▲
2024 · 0.01
Debt to equity
8.88▲
2024 · 6.71
ROE
-32.2%▼
2024 · -26.1%
ROA
-3.3%▲
2024 · -3.4%
Interest coverage
5.30▲
2024 · 0.51
Debt ≤ 1 year
€423,306▲
2024 · €405,023
Debt > 1 year
€170,978▼
2024 · €187,115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,501 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,853 | €16,853 | €21,511 | €21,935 | €31,402 | ▲ 43.2% |
| Other operating charges640/8 | - | €5,215 | €7,662 | €6,508 | €6,403 | ▼ 1.6% |
| Operating charges capitalised as restructuring costs649 | - | -€4,658 | - | - | - | - |
| Gross operating margin9900 | €24,561 | €10,776 | €12,182 | €7,714 | €18,561 | ▲ 141% |
| Operating profit (loss)9901 | €1,939 | -€6,634 | -€16,991 | -€20,729 | -€19,244 | ▲ 7.2% |
| Financial income75/76B | - | - | - | €0 | €0 | ▲ 320% |
| Recurring financial income75 | - | - | - | €0 | €0 | ▲ 320% |
| Financial charges65/66B | - | €2,511 | €2,497 | €2,354 | €2,292 | ▼ 2.6% |
| Recurring financial charges65 | €621 | €2,511 | €2,497 | €2,354 | €2,292 | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | €2,958 | -€9,145 | -€19,488 | -€23,083 | -€21,536 | ▲ 6.7% |
| Profit (loss) for the period9904 | €2,958 | -€9,145 | -€19,488 | -€23,083 | -€21,536 | ▲ 6.7% |
| Profit (loss) for the period to be appropriated9905 | €2,958 | -€9,145 | -€19,488 | -€23,083 | -€21,536 | ▲ 6.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €309,642 | €408,141 | €662,614 | €681,847 | €661,211 | ▼ 3.0% |
| Formation expenses20 | - | €18,631 | €13,973 | €9,316 | €4,658 | ▼ 50.0% |
| Fixed assets21/28 | €285,138 | €361,662 | €635,968 | €669,514 | €644,360 | ▼ 3.8% |
| Tangible fixed assets22/27 | €283,836 | €361,662 | €635,968 | €669,514 | €644,360 | ▼ 3.8% |
| Land and buildings22 | - | €266,983 | €394,190 | €665,619 | €639,494 | ▼ 3.9% |
| Plant, machinery and equipment23 | - | - | - | €3,895 | €4,866 | ▲ 24.9% |
| Assets under construction and advance payments27 | - | €94,679 | €241,778 | €0 | - | - |
| Financial fixed assets28 | €1,302 | - | - | - | - | - |
| Current assets29/58 | €24,504 | €27,848 | €12,673 | €3,017 | €12,193 | ▲ 304% |
| Amounts receivable within one year40/41 | €2,500 | €2,500 | €0 | - | €178 | - |
| Trade receivables40 | - | €2,500 | €0 | - | €178 | - |
| Cash at bank and in hand54/58 | €22,004 | €25,348 | €12,153 | €2,501 | €11,480 | ▲ 359% |
| Deferred charges and accrued income490/1 | - | - | €519 | €516 | €535 | ▲ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €309,642 | €408,141 | €662,614 | €681,847 | €661,211 | ▼ 3.0% |
| Equity10/15 | €140,172 | €131,027 | €111,539 | €88,456 | €66,920 | ▼ 24.3% |
| Contributions10/11 | €198,315 | €198,315 | €198,315 | €198,315 | €198,315 | = |
| Capital10 | - | €198,315 | - | - | - | - |
| Issued capital100 | - | €198,315 | - | - | - | - |
| Reserves13 | €17,008 | €17,008 | €17,008 | €17,008 | €17,008 | = |
| Non-distributable reserves130/1 | - | €1,086 | €0 | - | - | - |
| Legal reserve130 | - | €1,086 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Distributable reserves133 | - | €15,922 | €17,008 | €17,008 | €17,008 | = |
| Profit (loss) carried forward14 | -€75,151 | -€84,296 | -€103,784 | -€126,867 | -€148,403 | ▼ 17.0% |
| Amounts payable17/49 | €169,470 | €277,114 | €551,075 | €593,391 | €594,291 | ▲ 0.2% |
| Amounts payable after more than one year17 | - | €43,306 | €203,085 | €187,115 | €170,978 | ▼ 8.6% |
| Financial debts170/4 | - | €43,306 | €203,085 | €187,115 | €170,978 | ▼ 8.6% |
| Amounts payable within one year42/48 | €169,470 | €233,808 | €347,990 | €405,023 | €423,306 | ▲ 4.5% |
| Current portion of amounts payable after more than one year42 | - | €65,640 | €65,798 | €15,970 | €16,137 | ▲ 1.0% |
| Financial debts43 | - | - | - | €110,000 | €130,000 | ▲ 18.2% |
| Other loans439 | - | - | - | €110,000 | €130,000 | ▲ 18.2% |
| Trade debts44 | - | - | €4,024 | €1,406 | €48 | ▼ 96.6% |
| Suppliers440/4 | - | - | €4,024 | €1,406 | €48 | ▼ 96.6% |
| Other amounts payable47/48 | - | €168,168 | €278,168 | €277,647 | €277,120 | ▼ 0.2% |
| Accrued charges and deferred income492/3 | - | - | - | €1,252 | €8 | ▼ 99.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,958 | -€9,145 | -€19,488 | -€23,083 | -€21,536 | ▲ 6.7% |
| + Depreciation and write-downs630 | €16,853 | €16,853 | €21,511 | €21,935 | €31,402 | ▲ 43.2% |
| Operating cash flow (approximation) | €19,811 | €7,708 | €2,023 | -€1,149 | €9,866 | ▲ 959% |
| Investment in fixed assets (approximation) | - | -€93,377 | -€295,817 | -€55,481 | -€6,248 | ▲ 88.7% |
| Change in cash | - | €3,344 | -€13,195 | -€9,652 | €8,979 | ▲ 193% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€23,083
Net result drops to -€23,083, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 91 days late
2022
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €2,958
Net result €2,958 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €140,172
Equity rises from -€62,187 to €140,172.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 4 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
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, Gent · 1 establishment unit since 1988
Ground area
410 m²
Building footprint
132 m²
Volume, LiDAR
1,109 m³
Parcel 44809I0425/00D003, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Schoonmeersstraat 31, 9000 Gent
since 19882.034.496.410
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0425/00D003 | Flanders | 410 m² | 1 · 131 m² | 12.4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 675 EUR awarded · 675 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 675 EUR | 675 EUR |
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BE 0644.850.654
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DAPRO
BE 0889.041.127
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DAMEDICO
BE 0844.797.942
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Locisa
BE 0414.964.713
Antwerpen · Eq €66,994
Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 5,191 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
Founded16-12-1987
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432885759
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.