HR-Decor
ActiveHR-Decor has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €26k. Equity is shrinking by ~17.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 65% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-14
Solvency85▲+8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 1.75 in 2024; short-term debt: 31.4% and cash: 10% of total assets), and 39.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
60.4%
Return on assets
14%
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 19-08-2026, 19 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
19 d late
2024
30 d late
2023
29 d late
2022
31 d late
2021
30 d late
2020
60 d late
2019
31 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26k▼ 62.1%
2024 · €68k
2018: €132
2019: €34k
2020: €-74k
2021: €47k
2022: €-1k
2023: €-2k
2024: €68k
2018 → 2025
Working capital
€84k▲ 90.5%
2024 · €44k
2018: €92k
2019: €74k
2020: €49k
2021: €183k
2023: €18k
2024: €44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€183k-€20k▼ 89.1%€18k▼ 12.2%€86k▲ 387%€111k▲ 30.1%
Operating result€24k-€-923€-3k▼ 185%€78k€33k▼ 58.2%
Net result€47k-€-1k€-2k▼ 142%€68k€26k▼ 62.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €184k
Fixed assets
€43k▼ 32.3%
Current assets
€141k▲ 37.8%
Equity and liabilities €184k
Equity
€111k▲ 30.1%
Debt
€73k▼ 9.2%
The debt ratio falls from 48.5% to 39.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▼
2024 · €97k
Cash flow
€49k▼
2024 · €87k
Solvency
60.4%▲
2024 · 51.5%
Current ratio
2.44▲
2024 · 1.75
Quick ratio
1.12▼
2024 · 1.69
Debt / equity
0.66▼
2024 · 0.94
ROE
23.2%▼
2024 · 79.5%
ROA
14.0%▼
2024 · 41.0%
Interest coverage
45.77▼
2024 · 72.03
Debt
€73k▼
2024 · €80k
Debt ≤ 1 year
€58k▼
2024 · €59k
Debt > 1 year
€15k▼
2024 · €22k
Income taxes
€7k▼
2024 · €9k
Staff costs
€117k▼
2024 · €119k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€166k€184k▲
Fixed assets21/28€63k€43k▼
Tangible fixed assets22/27€63k€43k▼
Land and buildings22€673€340▼
Plant, machinery and equipment23€27k€17k▼
Furniture and vehicles24€8k€5k▼
Leasing and similar rights25€28k€21k▼
Current assets29/58€103k€141k▲
Stocks and contracts in progress3€3k€76k▲
Stocks30/36€3k€1k▼
Contracts in progress37-€75k
Amounts receivable within one year40/41€91k€44k▼
Trade receivables40€63k€36k▼
Other amounts receivable41€28k€9k▼
Cash at bank and in hand54/58€7k€18k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€166k€184k▲
Equity10/15€86k€111k▲
Contributions10/11€19k€19k=
Reserves13€67k€67k=
Distributable reserves133€67k€67k=
Profit (loss) carried forward14€115€26k▲
Amounts payable17/49€80k€73k▼
Amounts payable after more than one year17€22k€15k▼
Financial debts170/4€22k€15k▼
Amounts payable within one year42/48€59k€58k▼
Current portion of amounts payable after more than one year42€10k€6k▼
Trade debts44€33k€44k▲
Suppliers440/4€33k€44k▲
Taxes, remuneration and social security45€16k€5k▼
Taxes450/3€13k€2k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€3€2▼
Income statement
Code20242025
Remuneration, social security and pensions62€119k€117k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€23k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€218k€175k▼
Operating profit (loss)9901€78k€33k▼
Financial income75/76B€325€848▲
Recurring financial income75€325€848▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€77k€32k▼
Income taxes67/77€9k€7k▼
Profit (loss) for the period9904€68k€26k▼
Profit (loss) for the period to be appropriated9905€68k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€26k▼
Profit (loss) brought forward from the previous period14P€-3k€115▲
Transfer to equity691/2€65k-
To other reserves6921€65k-
The notes to these accounts (6 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Equity above €100kEq €111k ▲30.1%
2 profitable years in a row build equity to €111k.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 30 days late
2024
31-12
Financial
Back to profitnet €68k
Net result €68k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 35.14
Current ratio from 4.42 to 35.14; short-term debt falls from €14k to €5k.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 60 days late
2020
31-12
Financial
Weakest financial yearnet €-74k ▼315%
Net result drops to €-74k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 84 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sankt Vith · 1 establishment unit since 1998
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.
Andler 11 B4782 Sankt Vith1 establishment unit
Andler 11, 4782 Sankt Vith
since 19982.085.592.743
Similar companies · same sector, comparable size
Midas Meesterschilders
BE 0787.874.778
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MUYSHONDT - LAMMERS
BE 0458.899.476
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AM PEINTURE
BE 0718.712.689
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ORNAMENTO
BE 0867.688.061
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K-Line
BE 0731.621.708
Antwerpen · Eq €111k
Of 7,864 companies in sector 43341 we hold annual accounts for 2,662. 2,239 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-1998
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
43342Specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
74104Other professional, scientific and technical activities
74130Interior design
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:hr-decor.com
E-mail:info@hr-decor.com