FALAH DECOR

Active

Private limited companyfounded 201412 yrs activeWannekouterlaan 144, 1020 Brussel, BelgiumKBO/BCE: BE 0561.709.281

The computed 12-month bankruptcy probability of FALAH DECOR is 2.0% (moderate). The 2024 annual accounts show equity of €51k and a net result of €3k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 36377 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

86 / 100

Excellent▼ -8 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability29▼-11

Solvency100=

Growth37=

Stability100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity ample (current ratio 4.24 against 4.66 in 2023), and 29.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

70.9%

Return on assets

4.1%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 9 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

49 d late

2022

31 d late

2021

5 d early

2020

24 d late

2019

83 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€122k▲ 35.6%

2019 · €90k

2018: €144k 2019: €90k

2018 → 2020

EBIT margin

6.3%▼ 15.8pp

2019 · 22.1%

2018: 7.5% 2019: 22.1%

2018 → 2020

Net result

€3k▼ 24.5%

2023 · €4k

2018: €13k 2019: €20k 2020: €8k 2021: €11k 2022: €-26k 2023: €4k

2018 → 2024

Working capital

€51k▲ 9.0%

2023 · €46k

2018: €36k 2019: €56k 2020: €69k 2021: €76k 2022: €46k 2023: €46k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€122k-

Equity€59k-€70k▲ 18.6%€45k▼ 36.6%€48k▲ 8.7%€51k▲ 6.1%

Operating result€8k-€12k▲ 52.9%€-25k€10k€3k▼ 69.5%

Net result€8k-€11k▲ 46.2%€-26k€4k€3k▼ 24.5%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 70% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €72k

91.4%

Fixed assets €6k▼ 50.0%

Current assets €66k▲ 12.1%

Equity and liabilities €72k

70.9%

29.1%

Equity €51k▲ 6.1%

Debt €21k▼ 8.7%

The debt ratio falls from 32.3% to 29.1%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€9k▼

2023 · €13k

Cash flow

€9k▲

2023 · €7k

Solvency

70.9%▲

2023 · 67.7%

Current ratio

4.24▼

2023 · 4.66

Quick ratio

4.24▼

2023 · 4.66

Debt / equity

0.41▼

2023 · 0.48

ROE

5.7%▼

2023 · 8.0%

ROA

4.1%▼

2023 · 5.4%

Interest coverage

50.62▲

2023 · 8.34

Debt

€21k▼

2023 · €23k

Debt ≤ 1 year

€16k▲

2023 · €13k

Debt > 1 year

€5k▼

2023 · €10k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€72k€72k▲

Fixed assets21/28€12k€6k▼

Tangible fixed assets22/27€12k€6k▼

Furniture and vehicles24€12k€6k▼

Current assets29/58€59k€66k▲

Amounts receivable within one year40/41€55k€60k▲

Trade receivables40€18k€27k▲

Other amounts receivable41€37k€33k▼

Cash at bank and in hand54/58€4k€6k▲

Equity and liabilities

Total equity and liabilities10/49€72k€72k▲

Equity10/15€48k€51k▲

Contributions10/11€1€1=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€47k€50k▲

Amounts payable17/49€23k€21k▼

Amounts payable after more than one year17€10k€5k▼

Financial debts170/4€10k€5k▼

Amounts payable within one year42/48€13k€16k▲

Current portion of amounts payable after more than one year42-€747

Trade debts44€6k€8k▲

Suppliers440/4€6k€8k▲

Taxes, remuneration and social security45€6k€6k=

Taxes450/3€6k€6k=

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲

Other operating charges640/8€1k€371▼

Gross operating margin9900€14k€10k▼

Operating profit (loss)9901€10k€3k▼

Financial income75/76B€77€115▲

Recurring financial income75€77€115▲

Financial charges65/66B€2k€182▼

Recurring financial charges65€2k€182▼

Profit (loss) for the period before taxes9903€8k€3k▼

Income taxes67/77€4k-

Profit (loss) for the period9904€4k€3k▼

Profit (loss) for the period to be appropriated9905€4k€3k▼

Appropriation of the result

Profit (loss) to be appropriated9906€47k€50k▲

Profit (loss) brought forward from the previous period14P€43k€47k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 5Filings 9

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

18-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 49 days late

2023

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

31-12

Financial Liquidity doublescurrent ratio 4.66

Current ratio from 2.30 to 4.66; short-term debt falls from €36k to €13k.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Weakest financial yearnet €-26k ▼333%

Net result drops to €-26k, the lowest in the series; recovery starts the following year.

26-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

24-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 24 days late

2020

31-12

Financial Liquidity doublescurrent ratio 9.39

Current ratio from 3.76 to 9.39; short-term debt falls from €20k to €8k.

22-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 83 days late

2019

31-12

Financial Highest result since 2018net €20k ▲53.5%

Operating result €20k, net result €20k, both a record.

17-09

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 48 days late

2017

28-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 28 days late

2016

30-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Brussel · 1 establishment unit since 2014

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Wannekouterlaan 1441020 Brussel

Ground area

158 m²

Building footprint

157 m²

Volume, LiDAR

2,824 m³

Parcel 21818E0217/00E002, Brussels · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

FALAH DECOR

Wannekouterlaan 144, 1020 BrusselSite preparation

since 20142.235.375.985

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21818E0217/00E002	Brussels	158 m²	1 · 157 m²	21.2 m · 6 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

DVN WORKX

BE 0861.165.307

Ninove · Eq €51k

Trendy Decor Projects

Schildersbedrijf Klaasse

BE 0763.530.550

Lanaken · Eq €51k

Of 7,815 companies in sector 43341 we hold annual accounts for 2,639. 2,297 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-09-2014

Fiscal year end31-12

Activities, NACEBEL

43341Painting of buildings

43990Other specialised construction activities

43999Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.