FRED-DECO
ActiveSummary
FRED-DECO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €42k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+36
Solvency95▼-5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.13 against 8.01 in 2024; short-term debt: 29.7% and cash: 75% of total assets), and 29.7% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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
70.3%
Return on assets
48.1%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 28-05-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
32 d early
2023
38 d early
2022
34 d early
2021
68 d early
2020
77 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k
2024 · €-2k
Working capital
€56k▲ 53.9%
2024 · €36k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-6k€613€13k▲ 2,070%€2k▼ 86.7%€46k▲ 2,505%
Net result€-6k€467€13k▲ 2,726%€-2k€42k
Equity€28k▼ 16.9%€28k▲ 1.7%€41k▲ 46.9%€40k▼ 3.9%€62k▲ 56.6%
Total assets€32k▼ 14.2%€31k▼ 4.6%€44k▲ 42.7%€45k▲ 2.7%€88k▲ 97.0%
Debt€4k▲ 8.3%€2k▼ 44.0%€2k▼ 4.5%€5k▲ 118%€26k▲ 406%
Working capital€27k▼ 16.7%€28k▲ 2.2%€41k▲ 47.0%€36k▼ 12.1%€56k▲ 53.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2,505% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88k
Fixed assets
€6k ▲ 84.9%
Current assets
€82k ▲ 98.0%
Equity and liabilities €88k
Equity
€62k ▲ 56.6%
Debt
€26k ▲ 406%
Debt's share of the balance-sheet total rises from 11.5% to 29.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48k▲
2024 · €3k
Cash flow
€44k▲
2024 · €-707
Current ratio
3.13▼
2024 · 8.01
Debt to equity
0.42▲
2024 · 0.13
ROE
68.3%▲
2024 · -4.0%
ROA
48.1%▲
2024 · -3.6%
Interest coverage
321.20▲
2024 · 19.81
Debt ≤ 1 year
€26k▲
2024 · €5k
Income taxes
€4k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €124 | €124 | - | €900 | €2k | ▲ 119% |
| Other operating charges640/8 | - | €521 | €162 | €738 | €1k | ▲ 50.2% |
| Gross operating margin9900 | €-5k | €1k | €13k | €3k | €49k | ▲ 1,345% |
| Operating profit (loss)9901 | €-6k | €613 | €13k | €2k | €46k | ▲ 2,505% |
| Financial income75/76B | - | - | - | €37 | €45 | ▲ 22.0% |
| Recurring financial income75 | - | - | - | €37 | €45 | ▲ 22.0% |
| Financial charges65/66B | - | €147 | €123 | €135 | €150 | ▲ 11.2% |
| Recurring financial charges65 | €120 | €147 | €123 | €135 | €150 | ▲ 11.2% |
| Profit (loss) for the period before taxes9903 | €-6k | €467 | €13k | €2k | €46k | ▲ 2,650% |
| Income taxes67/77 | - | - | - | €3k | €4k | ▲ 11.4% |
| Profit (loss) for the period9904 | €-6k | €467 | €13k | €-2k | €42k | ▲ 2,743% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €467 | €13k | €-2k | €42k | ▲ 2,743% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32k | €31k | €44k | €45k | €88k | ▲ 97.0% |
| Fixed assets21/28 | €174 | €50 | €50 | €3k | €6k | ▲ 84.9% |
| Tangible fixed assets22/27 | €124 | - | - | €3k | €6k | ▲ 87.5% |
| Furniture and vehicles24 | - | - | - | €3k | €6k | ▲ 87.5% |
| Financial fixed assets28 | €50 | €50 | €50 | €100 | €100 | = |
| Current assets29/58 | €32k | €31k | €44k | €41k | €82k | ▲ 98.0% |
| Amounts receivable within one year40/41 | €13k | €10k | €21k | €17k | €2k | ▼ 87.2% |
| Trade receivables40 | - | €10k | €21k | €16k | €2k | ▼ 88.6% |
| Other amounts receivable41 | - | €606 | €635 | €1k | €341 | ▼ 66.2% |
| Cash at bank and in hand54/58 | €18k | €19k | €22k | €10k | €66k | ▲ 552% |
| Deferred charges and accrued income490/1 | - | €1k | €745 | €14k | €14k | ▼ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32k | €31k | €44k | €45k | €88k | ▲ 97.0% |
| Equity10/15 | €28k | €28k | €41k | €40k | €62k | ▲ 56.6% |
| Contributions10/11 | - | €9k | €9k | €9k | €9k | = |
| Outside capital11 | - | €9k | - | - | - | - |
| Share premium1100/10 | - | €9k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €17k | €18k | €31k | €29k | €52k | ▲ 76.9% |
| Amounts payable17/49 | €4k | €2k | €2k | €5k | €26k | ▲ 406% |
| Amounts payable within one year42/48 | €4k | €2k | €2k | €5k | €26k | ▲ 406% |
| Trade debts44 | €3k | €2k | €2k | €3k | €7k | ▲ 106% |
| Suppliers440/4 | - | €2k | €2k | €3k | €7k | ▲ 106% |
| Taxes, remuneration and social security45 | - | - | - | €2k | €3k | ▲ 71.8% |
| Taxes450/3 | - | - | - | €2k | €3k | ▲ 71.8% |
| Other amounts payable47/48 | - | - | - | - | €16k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €467 | €13k | €-2k | €42k | ▲ 2,743% |
| + Depreciation and write-downs630 | €124 | €124 | - | €900 | €2k | ▲ 119% |
| Operating cash flow (approximation) | €-6k | €590 | €13k | €-707 | €44k | ▲ 6,386% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-4k | €-5k | ▼ 14.2% |
| Change in cash | - | €669 | €3k | €-11k | €56k | ▲ 593% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-10
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-10
Financial
Back to profitnet €467
Net result €467 after one loss-making year.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-10
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Rebecq · 1 establishment unit since 2007
Ground area
669 m²
Building footprint
104 m²
Volume, LiDAR
909 m³
Parcel 25088C0240/00N004, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MB EXPERTIZE
since 20072.163.026.556
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25088C0240/00N004 | Wallonia | 668 m² | 1 · 104 m² | 10.7 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500CBJ3S99CE45902
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 6,175 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
Founded04-06-2007
Fiscal year end31-10
Activities, NACEBEL 2025
43990Other specialised construction activities
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.