Funktie en Dekoratie Systems
ActiveSummary
Funktie en Dekoratie Systems has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €735k and a net result of €103k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-4
Solvency67▼-1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.76 in 2024; short-term debt: 52.6% and cash: 22.2% of total assets), but 58.1% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 43
higher
← 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
41.9%
Return on assets
5.9%
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 26-08-2026, 26 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
26 d late
2024
14 d early
2023
30 d late
2022
on the day
2021
31 d late
2020
25 d late
2019
4 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€103k▼ 37.4%
2024 · €165k
2018: €130k
2019: €134k
2020: €139k
2021: €96k
2022: €132k
2023: €122k
2024: €165k
2018 → 2025
Working capital
€620k▼ 5.4%
2024 · €655k
2018: €978k
2019: €1.11M
2020: €614k
2021: €718k
2022: €716k
2023: €701k
2024: €655k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€782k-€783k▲ 0.2%€786k▲ 0.3%€791k▲ 0.7%€735k▼ 7.1%
Operating result€181k-€223k▲ 23.1%€208k▼ 6.8%€265k▲ 27.3%€187k▼ 29.3%
Net result€96k-€132k▲ 37.3%€122k▼ 7.3%€165k▲ 35.4%€103k▼ 37.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.75M
Fixed assets
€211k ▼ 33.8%
Current assets
€1.54M ▲ 1.7%
Equity and liabilities €1.75M
Equity
€735k ▼ 7.1%
Debt
€1.02M ▼ 2.4%
Debt's share of the balance-sheet total rises from 56.9% to 58.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€313k▼
2024 · €356k
Cash flow
€229k▼
2024 · €257k
Current ratio
1.67▼
2024 · 1.76
Quick ratio
1.49▼
2024 · 1.50
Debt to equity
1.39▲
2024 · 1.32
ROE
14.1%▼
2024 · 20.9%
ROA
5.9%▼
2024 · 9.0%
Interest coverage
8.47▼
2024 · 10.89
Debt ≤ 1 year
€921k▲
2024 · €859k
Debt > 1 year
€88k▼
2024 · €179k
Income taxes
€54k▼
2024 · €69k
Staff costs
€1.57M▲
2024 · €1.54M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.83M€1.75M▼
Fixed assets21/28€319k€211k▼
Tangible fixed assets22/27€317k€209k▼
Plant, machinery and equipment23€563€187▼
Furniture and vehicles24€317k€209k▼
Financial fixed assets28€2k€2k=
Current assets29/58€1.51M€1.54M▲
Stocks and contracts in progress3€224k€168k▼
Stocks30/36€224k€168k▼
Amounts receivable within one year40/41€824k€977k▲
Trade receivables40€782k€958k▲
Other amounts receivable41€42k€19k▼
Cash at bank and in hand54/58€453k€389k▼
Deferred charges and accrued income490/1€13k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.83M€1.75M▼
Equity10/15€791k€735k▼
Contributions10/11€85k€85k=
Capital10€85k€85k=
Issued capital100€85k€85k=
Reserves13€600k€600k=
Non-distributable reserves130/1€22k€22k=
Legal reserve130€19k€19k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€578k€578k=
Profit (loss) carried forward14€106k€49k▼
Amounts payable17/49€1.04M€1.02M▼
Amounts payable after more than one year17€179k€88k▼
Financial debts170/4€179k€88k▼
Amounts payable within one year42/48€859k€921k▲
Current portion of amounts payable after more than one year42€159k€126k▼
Trade debts44€161k€183k▲
Suppliers440/4€161k€183k▲
Advances received on contracts in progress46€41k€68k▲
Taxes, remuneration and social security45€219k€224k▲
Taxes450/3€56k€61k▲
Remuneration and social security454/9€163k€163k▼
Other amounts payable47/48€280k€320k▲
Accrued charges and deferred income492/3€5k€9k▲
Income statement
Code20242025
Non-recurring operating income76A€1k€0▼
Remuneration, social security and pensions62€1.54M€1.57M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92k€126k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-8k€0▲
Other operating charges640/8€12k€7k▼
Gross operating margin9900€1.90M€1.89M▼
Operating profit (loss)9901€265k€187k▼
Financial income75/76B€3k€7k▲
Recurring financial income75€3k€7k▲
Financial charges65/66B€33k€37k▲
Recurring financial charges65€33k€37k▲
Profit (loss) for the period before taxes9903€235k€157k▼
Income taxes67/77€69k€54k▼
Profit (loss) for the period9904€165k€103k▼
Profit (loss) for the period to be appropriated9905€165k€103k▼
Appropriation of the result
Profit (loss) to be appropriated9906€266k€209k▼
Profit (loss) brought forward from the previous period14P€100k€106k▲
Profit to be distributed694/7€160k€160k=
Return on contributions (dividend)694€160k€160k=
Social balance
Average headcount (FTE)908716.717.9▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-09
State Gazette act
Reappointment: Transworld Consortium (director)Permanent representative: Delany William Mark · Power of attorney · Shareholder5 facts ▸
State Gazette act
Reappointment: Transworld Consortium (director)
Permanent representative: Delany William Mark · Power of attorney · Shareholder5 facts ▸
- Director reappointment, Transworld Consortium (director)
- Board composition, Transworld Consortium (director)
- Permanent representative, Delany William Mark
- Power of attorney, RSM InterFiduciaire BV
- Shareholder, Transworld Consortium
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €165k ▲35.4%
Operating result €265k, net result €165k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €96k ▼30.7%
Net result drops to €96k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Transworld Consortium
CurrentDirector · since 30-06-2026 · Legal entity · perm. rep.: Delany William Mark
30-06-2026
Mandate renewed as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1983
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.
Industriepark-Drongen 119031 GentGround area
2.1 ha
Building footprint
8,557 m²
Volume, LiDAR
42,397 m³
Parcel 44017D0824/00E000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
F.D.S.
since 19832.021.846.224
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0824/00E000 | Flanders | 2.1 ha | 1 · 8,556 m² | 10.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,199 EUR awarded · 2,180 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 684 EUR | 684 EUR |
| 2024 | 1 | 750 EUR | 750 EUR |
| 2023 | 1 | 83 EUR | 345 EUR |
| 2022 | 1 | 682 EUR | 401 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesFunktie en Dekoratie Systems NV13386
Similar companies · same sector, comparable size
MESTDAGH en Zonen
BE 0821.374.818
Tielt · Eq €735,228
N&D PROGRESS
BE 0678.861.626
Schaarbeek · Eq €735,296
JOBEL STEIGERS
BE 0842.757.576
Lokeren · Eq €735,364
DC BUILDING
BE 0881.173.041
Antwerpen · Eq €736,225
MARX PROFIEL
BE 0443.222.001
Balen · Eq €732,651
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 3,833 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1983
Fiscal year end31-12
Abbreviation NL
FDS
Activities, NACEBEL 2025
43320Joinery installation
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.