Debts
€475,574 85% of the balance sheet
Financial debts 26%Suppliers 44%Taxes and wages 7%Other 23%
Of this, €348,618 falls due within a year.
INSIDE DECORATIONS
Lifetime
19 annual accounts with figures on one time axispeak €512,589 (2012)
€477,556▲ 36.0%
lowest -€84,887 (2023)
€42,772▲ 333%
peak €117,524 (2022)
€85,279▲ 101%
€475,574▲ 2.3%
peak 11.6 FTE (2012)
5.7 FTE▲ 39.0%
Board2 names since 2007
2 directorsGiovanni Couckhuyt and 1 other
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Gross margin from €351,108 to €477,556Result from €9,870 to €42,772Staff from 4.1 FTE to 5.7 FTEEquity from €42,507 to €85,279Cash from €18,672 to €40,766
Key points
from the 2025 annual accountsChecked score
64
Healthy
Financially stronger than 45% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,695 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 3.1%● unchanged vs 12-2024
02-2025: 3.2%▲ +0.1 percentage points vs 01-2025
03-2025: 3.2%● unchanged vs 02-2025
04-2025: 3.2%● unchanged vs 03-2025
05-2025: 3.1%▼ -0.1 percentage points vs 04-2025
06-2025: 3.0%▼ -0.1 percentage points vs 05-2025
07-2025: 3.3%▲ +0.3 percentage points vs 06-2025
08-2025: 3.8%▲ +0.5 percentage points vs 07-2025
09-2025: 3.9%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 2.2%▼ -1.7 percentage points vs 09-2025
11-2025: 2.2%● unchanged vs 10-2025
12-2025: 2.2%● unchanged vs 11-2025
01-2026: 2.2%● unchanged vs 12-2025
02-2026: 2.2%● unchanged vs 01-2026
03-2026: 2.1%▼ -0.1 percentage points vs 02-2026
04-2026: 2.2%▲ +0.1 percentage points vs 03-2026
05-2026: 2.2%● unchanged vs 04-2026
06-2026: 2.1%▼ -0.1 percentage points vs 05-2026
07-2026: 2.1%● unchanged vs 06-2026
08-2026: 3.0%▲ +0.9 percentage points vs 07-2026
09-2026: 1.3%▼ -1.7 percentage points vs 08-2026lowest value
10-2026: 1.3%● unchanged vs 09-2026lowest value
11-2026: 1.3%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Equity €85,279 (15.2% of total assets)
Last filed accounts filed 28 days late; 1 of the last 3 accounts late
lowers risk
Founded in 2007
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 18% of them on solvency, 16% on liquidity, 56% on profitability and 91% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as INSIDE DECORATIONS has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INSIDE DECORATIONS itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for INSIDE DECORATIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.16 (1.05 in 2024), below the usual 1.5. Short-term debt is 62.2% and cash 7.3% of total assets. 84.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9950 sector peers (2025).
NBB · sector comparisonPosition among 9950 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €85,279
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
46 days late
2023
26 days late
2022
30 days late
2021
39 days early
2020
22 days early
2019
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0886274449
1 director resigning, 1 reappointment
Change of role: Giovanni Couckhuyt, from statutory director to director · Resignation: Ilse Debaere (director) · Reappointment: Ilse Debaere (director) · General meeting of 29-08-2023 · Gazette deed
First establishment
Ellestraat 79C, Zwevegem
Incorporation
published on 19-01-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INSIDE DECORATIONS Zwevegem | €560,853 | €477,556 | 15.2% | 5.7 |
| AG INTEX Roeselare | €771,849 | €403,248 | 68.1% | 5.3 |
| SONNEVILLE INTERIEUR Aalter | €754,841 | €512,243 | 38.3% | 6.2 |
| PIGMENT Zottegem | €647,172 | €568,231 | 30.8% | 7.3 |
| MYNCKE DECOR Ghent | €723,334 | €402,494 | 29.6% | 5.3 |
| HLB HOME INTERIOR Tournai | €732,914 | €512,683 | 11.5% | 6.9 |
| GEERT VAN LOOCK Zandhoven | €431,571 | €427,325 | 55.8% | 6.8 |
These companies have the same main activity as INSIDE DECORATIONS: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €432,000 and €772,000, founded between 1999 and 2011.
Official details
Source: KBO- Status
- Active since 03-01-2007Normal situation
- Activity
- Painting of buildingsNACE 43341and 3 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.159.376.8818550 Zwevegem, since 10-01-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 07-10-2025
Annual accounts 2025
- ≈ €1.4mestimated
- €560,853▲ 10.5%
- Employeeson 31-12-2025
- 6▲ 20.0%
- Filing
- Filed on 28-08-2026
Insights on INSIDE DECORATIONS
INSIDE DECORATIONS files the abbreviated format. That format states no turnover. The gross margin rose from €258,894 in 2007 to €477,556 in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INSIDE DECORATIONS
- What is the company number of INSIDE DECORATIONS?
- The company number of INSIDE DECORATIONS is 0886.274.449. The VAT number is the same number with BE in front: BE 0886.274.449.
- Where is INSIDE DECORATIONS based?
- The registered office is at Ellestraat 79c, 8550 Zwevegem.Company details
- What does INSIDE DECORATIONS do?
- According to the KBO register, the main activity is painting of buildings (NACE 43341).
- What is the legal form of INSIDE DECORATIONS?
- INSIDE DECORATIONS is a private limited company (BV).
- When was INSIDE DECORATIONS founded?
- INSIDE DECORATIONS was founded on 03-01-2007.
- Is INSIDE DECORATIONS still active?
- Yes, INSIDE DECORATIONS is an active enterprise in the KBO register.
- How many employees does INSIDE DECORATIONS have?
- INSIDE DECORATIONS had an average of 5.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does INSIDE DECORATIONS fall under?
- In its 2025 annual accounts, INSIDE DECORATIONS states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of INSIDE DECORATIONS?
- The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €477,556 and 39 comparable companies (NACE 433). It probably lies between €1.0m and €1.8m.
- Is INSIDE DECORATIONS profitable?
- In financial year 2025, INSIDE DECORATIONS made a profit of €42,772.
- Where can I find the annual accounts of INSIDE DECORATIONS?
- INSIDE DECORATIONS filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INSIDE DECORATIONS due?
- INSIDE DECORATIONS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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