INTERDECO JOY
ActiveSummary
INTERDECO JOY has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€7,018) and a net result of €7,110. Equity has been growing by about 51% per year since 2018. Its solvency ranks better than 9% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-02-2006 Normal situation
- Activity
- Joinery installation NACE 43320and 2 others
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2021
- Establishment unit
- 2.151.444.756 9300 Aalst, since 03-02-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2025
Board and ownership
- Johan HERTVELDTDirector
- Yvette DE NEEFDirector
- Johan Hertveldt50%annual accounts 2017
- Yvette De Neef50%annual accounts 2017
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €30,127
- ▲ 484%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €7,110
- Equity
- -€7,018
- ▲ 50.3%
- Total assets
- €140,846
- ▲ 37.7%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€7,018Sector: Specialised construction activities (NACE 43)lowers riskSize: total assets €140,846Founded in 2006Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 7% of them on solvency, 58% on liquidity, 49% on profitability and 83% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 13 days before 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)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 20 filings
Every figure per financial year
The operating result for 2025 is a profit of €10,673, after a loss of €698 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,575 | €5,040 | €1,663 | €2,262 | €68,482 |
| Depreciation and write-downs of the year | €10,758 | €4,095 | €4,338 | €4,094 | €6,902 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €48,567 | €50,334 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,081 | €21,854 | €21,306 | €10,758 | €4,095 | €4,338 | €4,094 | €6,902 | ▲ 68.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €10,925 | - |
| Other operating charges640/8 | - | - | - | €9,166 | €3,248 | €2,449 | €1,763 | €1,627 | ▼ 7.7% |
| Gross operating margin9900 | €166,062 | €188,096 | €110,777 | €92,382 | €81,828 | €27,598 | €5,159 | €30,127 | ▲ 484% |
| Operating profit (loss)9901 | -€31,814 | €37,481 | €34,628 | €23,891 | €24,150 | €20,811 | -€698 | €10,673 | - |
| Financial income75/76B | - | - | - | €10 | €9 | €261 | €1 | €5 | ▲ 400% |
| Recurring financial income75 | €16 | €38 | €19 | €10 | €9 | €261 | €1 | €5 | ▲ 400% |
| Financial charges65/66B | - | - | - | €467 | €278 | €227 | €365 | €812 | ▲ 122% |
| Recurring financial charges65 | €1,924 | €1,488 | €887 | €467 | €278 | €227 | €365 | €812 | ▲ 122% |
| Profit (loss) for the period before taxes9903 | -€33,722 | €36,032 | €33,760 | €23,434 | €23,881 | €20,845 | -€1,062 | €9,866 | - |
| Income taxes67/77 | €591 | €375 | €811 | €300 | €270 | €5,499 | €735 | €2,756 | ▲ 275% |
| Profit (loss) for the period9904 | -€34,313 | €35,657 | €32,949 | €23,134 | €23,612 | €15,346 | -€1,797 | €7,110 | - |
| Profit (loss) for the period to be appropriated9905 | -€34,313 | €35,657 | €32,949 | €23,134 | €23,612 | €15,346 | -€1,797 | €7,110 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €155,787 | €144,378 | €127,832 | €109,657 | €125,902 | €124,783 | €102,313 | €140,846 | ▲ 37.7% |
| Fixed assets21/28 | €63,457 | €43,852 | €27,993 | €19,810 | €20,754 | €18,079 | €16,247 | €77,827 | ▲ 379% |
| Tangible fixed assets22/27 | €63,457 | €43,852 | €27,993 | €19,810 | €20,754 | €18,079 | €16,247 | €77,827 | ▲ 379% |
| Land and buildings22 | - | - | - | €11,902 | €11,024 | €10,146 | €10,688 | €9,516 | ▼ 11.0% |
| Plant, machinery and equipment23 | - | - | - | €7,665 | €9,730 | €7,933 | €5,559 | €2,980 | ▼ 46.4% |
| Furniture and vehicles24 | - | - | - | €242 | - | - | - | €65,331 | - |
| Current assets29/58 | €92,330 | €100,526 | €99,839 | €89,847 | €105,148 | €106,704 | €86,066 | €63,019 | ▼ 26.8% |
| Stocks and contracts in progress3 | €15,510 | €16,795 | €17,050 | €15,750 | €16,450 | €20,825 | €21,833 | €15,275 | ▼ 30.0% |
| Stocks30/36 | - | - | - | €15,750 | €16,450 | €20,825 | €16,140 | €15,275 | ▼ 5.4% |
| Contracts in progress37 | - | - | - | - | - | - | €5,693 | - | - |
| Amounts receivable within one year40/41 | €52,648 | €61,014 | €48,480 | €56,475 | €45,188 | €40,848 | €27,227 | €28,255 | ▲ 3.8% |
| Trade receivables40 | - | - | - | €56,425 | €44,481 | €39,914 | €25,811 | €23,215 | ▼ 10.1% |
| Other amounts receivable41 | - | - | - | €50 | €707 | €935 | €1,416 | €5,040 | ▲ 256% |
| Cash at bank and in hand54/58 | €18,097 | €18,280 | €29,968 | €13,070 | €38,952 | €40,804 | €32,974 | €14,135 | ▼ 57.1% |
| Deferred charges and accrued income490/1 | - | - | - | €4,553 | €4,558 | €4,227 | €4,032 | €5,354 | ▲ 32.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €155,787 | €144,378 | €127,832 | €109,657 | €125,902 | €124,783 | €102,313 | €140,846 | ▲ 37.7% |
| Equity10/15 | -€143,028 | -€107,371 | -€74,422 | -€51,288 | -€27,676 | -€12,331 | -€14,128 | -€7,018 | ▲ 50.3% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€151,088 | -€115,431 | -€82,482 | -€59,348 | -€35,736 | -€20,391 | -€22,188 | -€15,078 | ▲ 32.0% |
| Amounts payable17/49 | €298,814 | €251,749 | €202,254 | €160,945 | €153,578 | €137,114 | €116,441 | €147,864 | ▲ 27.0% |
| Amounts payable after more than one year17 | €29,684 | €16,583 | €2,464 | - | - | - | €99,000 | €129,370 | ▲ 30.7% |
| Financial debts170/4 | - | - | - | - | - | - | €99,000 | €38,120 | ▼ 61.5% |
| Other amounts payable178/9 | - | - | - | - | - | - | - | €91,250 | - |
| Amounts payable within one year42/48 | €262,627 | €232,960 | €199,055 | €159,695 | €152,403 | €137,114 | €17,441 | €18,494 | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,464 | - | - | - | €10,214 | - |
| Trade debts44 | €53,646 | €32,934 | €10,525 | €8,064 | €14,731 | €14,197 | €8,723 | €1,761 | ▼ 79.8% |
| Suppliers440/4 | - | - | - | €8,064 | €14,731 | €14,197 | €8,723 | €1,761 | ▼ 79.8% |
| Advances received on contracts in progress46 | - | - | - | €371 | €371 | €371 | €371 | €371 | = |
| Taxes, remuneration and social security45 | - | - | - | €4,548 | €2,661 | €5,555 | €7,150 | €3,373 | ▼ 52.8% |
| Taxes450/3 | - | - | - | €2,829 | €698 | €5,555 | €7,150 | €3,373 | ▼ 52.8% |
| Remuneration and social security454/9 | - | - | - | €1,719 | €1,963 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €144,249 | €134,640 | €116,991 | €1,197 | €2,775 | ▲ 132% |
| Accrued charges and deferred income492/3 | - | - | - | €1,250 | €1,175 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,313 | €35,657 | €32,949 | €23,134 | €23,612 | €15,346 | -€1,797 | €7,110 | - |
| + Depreciation and write-downs630 | €22,081 | €21,854 | €21,306 | €10,758 | €4,095 | €4,338 | €4,094 | €6,902 | ▲ 68.6% |
| Operating cash flow (approximation) | -€12,232 | €57,511 | €54,255 | €33,892 | €27,707 | €19,684 | €2,297 | €14,012 | ▲ 510% |
| Investment in fixed assets (approximation) | - | -€2,249 | -€5,448 | -€2,575 | -€5,040 | -€1,663 | -€2,262 | -€68,482 | ▼ 2,927% |
| Change in cash | - | €183 | €11,688 | -€16,898 | €25,882 | €1,851 | -€7,830 | -€18,839 | ▼ 141% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,794 companies had the same profile as INTERDECO JOY has now. Two years later, 91.5% were still going and 2.7% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INTERDECO JOY itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,794 companies, not a prediction for INTERDECO JOY. 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.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-06-2026 | 2026-00208125 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00439618 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00196166 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00258259 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20260447 | |
| 31-12-2020 | micro format | 26-07-2021 | 2021-39900029 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23300009 | |
| 31-12-2018 | micro format | 15-07-2019 | 2019-33500020 | |
| 31-12-2017 | micro format | 11-07-2018 | 2018-32800417 | |
| 31-12-2016 | micro format | 28-06-2017 | 2017-24800367 |
Board & ownership
Directors
Owners and capital
Shareholders
2 ownersOwners 2
- Johan Hertveldtnatural personSourceown accounts 201750%
- Yvette De Neefnatural personSourceown accounts 201750%
Capital transactions
- 28-03-2024 Converted to unavailable equity
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Johan HERTVELDT |
|
| Yvette DE NEEF |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Één of meer bestuurders,natuurlijke personen of rechtspersonen,al dan niet aandeelhouder,benoemd met of zonder beperking van duur,kunnen…”
Articles of association, deed of 28-03-2024 (in Dutch)
Network & group
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of INTERDECO JOY. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-03
Gazette deed
Appointments: Johan HERTVELDT (director) and Yvette DE NEEF (director)Capital conversion · Reserve release · Purpose change11 points ▸
- General meeting, 16-01-2024
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm van de besloten vennootschap behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “overeenkomstig de vormen en meerderheden van de statutenwijziging, op heffen aangelegde statutair onbeschikbare eigen vermogensrekening en middelen beschikbaar…” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Capital
- Director appointment, Johan HERTVELDT (director (not named in the articles))
- Director appointment, Yvette DE NEEF (director (not named in the articles))
- Other provision, “nieuwe terminologie Wetboek van vennootschappen en verenigingen sinds 2020-01-01, besloten vennootschap” (deed in Dutch)
- Registered office clause, “9300 Aalst, Geraardsbergsestraat 10” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
5 activities
- Alle handelingen en diensten in het kader van aankoop,verkoop,import en export,zowel in het groot als in het klein,die betrekking hebben op handel en prestaties in binnen- en buitenschrijnwerken en timmerwerken en dit in de ruimste zin van het woord.
- Voorts zijn in het voorwerp alle aannemingen van schrijnwerken begrepen die verband houden met het voorgaande,alsook alle aannemingen van algemeen schrijnwerk van gebouwen,zo openbare- als private gebouwen.
- De vennootschap heeft ook het recht om materialen en machines en toebehoren die nodig zijn voor haar activiteiten aan te kopen,te verkopen,te huren of te verhuren.
- De groot- en kleinhandel,import- en export,agenturen,grootdistributie,en makelaar in alle luxe-artikelen,zo onder meer:in lederwaren,textielgoederen,schoenen,grondstoffen,garens,kleding,nachtkleding,geschenkartikelen,juwelen,gadgets,badlinnen en ander linnenwaren,interieurartikelen,designartikelen,kunstwerken,en alle aanverwante producten en artikelen,in de ruimste zin van het woord opgevat,met de daarbij horende fabricatie,verwerking,veredeling en conditionering die de doelstelling van de vennootschap moeten mogelijk maken.
- Algemene renovatiewerken binnen- en buitenshuis alsook energiebesparende renovatiewerken in de ruimst mogelijke zin.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0879.091.501
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41002A2334/00B000 | Flanders | 183 m² | 1 · 280 m² | 22.7 m · 6 |