J & M DECOENE
ActiveJ & M DECOENE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €207k and a net result of €-2k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-5
Solvency70▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.43 in 2024; short-term debt: 44.7% and cash: 6.8% of total assets), and 55.1% 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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
20 d early
2023
79 d early
2022
18 d early
2021
136 d early
2020
109 d early
2019
86 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€207k▼ 0.9%
2024 · €209k
2018: €169k
2019: €170k
2020: €175k
2021: €197k
2022: €180k
2023: €191k
2024: €209k
2018 → 2025
Total assets
€462k▼ 3.5%
2024 · €478k
2018: €342k
2019: €337k
2020: €368k
2021: €320k
2022: €441k
2023: €455k
2024: €478k
2018 → 2025
Net result
€-2k
2024 · €18k
2018: €6k
2019: €1k
2020: €5k
2021: €22k
2022: €-17k
2023: €11k
2024: €18k
2018 → 2025
Working capital
€-90k▲ 24.0%
2024 · €-119k
2018: €-19k
2019: €-16k
2020: €-28k
2021: €-26k
2022: €-164k
2023: €-154k
2024: €-119k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€197k-€180k▼ 8.6%€191k▲ 6.2%€209k▲ 9.4%€207k▼ 0.9%
Operating result€35k-€-17k€19k€29k▲ 51.3%€4k▼ 85.1%
Net result€22k-€-17k€11k€18k▲ 61.3%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €462k
Fixed assets
€345k▼ 10.8%
Current assets
€116k▲ 27.3%
Equity and liabilities €462k
Equity
€207k▼ 0.9%
Provisions
€19k▼ 9.1%
Debt
€235k▼ 5.2%
The debt ratio falls from 51.9% to 50.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€60k▼
2024 · €72k
Cash flow
€54k▼
2024 · €61k
Solvency
44.9%▲
2024 · 43.7%
Current ratio
0.56▲
2024 · 0.43
Quick ratio
0.44▲
2024 · 0.33
Debt / equity
1.13▼
2024 · 1.19
ROE
-0.9%▼
2024 · 8.6%
ROA
-0.4%▼
2024 · 3.7%
Interest coverage
22.60▼
2024 · 28.68
Debt
€235k▼
2024 · €248k
Debt ≤ 1 year
€207k▼
2024 · €210k
Debt > 1 year
€28k▼
2024 · €38k
Income taxes
€5k▼
2024 · €11k
Staff costs
€175k▲
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€478k€462k▼
Fixed assets21/28€387k€345k▼
Tangible fixed assets22/27€387k€345k▼
Land and buildings22€287k€265k▼
Plant, machinery and equipment23€39k€41k▲
Furniture and vehicles24€61k€39k▼
Current assets29/58€91k€116k▲
Stocks and contracts in progress3€23k€26k▲
Stocks30/36€23k€26k▲
Amounts receivable within one year40/41€29k€55k▲
Trade receivables40€8k€48k▲
Other amounts receivable41€21k€7k▼
Cash at bank and in hand54/58€35k€32k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€478k€462k▼
Equity10/15€209k€207k▼
Contributions10/11€19k€19k=
Reserves13€190k€189k▼
Tax-exempt reserves132€42k€38k▼
Distributable reserves133€149k€151k▲
Provisions and deferred taxes16€21k€19k▼
Deferred taxes168€21k€19k▼
Amounts payable17/49€248k€235k▼
Amounts payable after more than one year17€38k€28k▼
Financial debts170/4€38k€28k▼
Amounts payable within one year42/48€210k€207k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Financial debts43€8k€3k▼
Credit institutions430/8€8k€3k▼
Trade debts44€5k€19k▲
Suppliers440/4€5k€19k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€12k€16k▲
Taxes450/3-€600
Remuneration and social security454/9€12k€16k▲
Other amounts payable47/48€177k€158k▼
Income statement
Code20242025
Remuneration, social security and pensions62€119k€175k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€56k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€196k€241k▲
Operating profit (loss)9901€29k€4k▼
Financial income75/76B€716€82▼
Recurring financial income75€716€82▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€27k€2k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€11k€5k▼
Profit (loss) for the period9904€18k€-2k▼
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€22k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€2k▼
Transfer to equity691/2€22k€2k▼
To other reserves6921€22k€2k▼
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €209k ▲9.4%
2 profitable years in a row build equity to €209k.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-17k ▼178%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €22k ▲305%
Operating result €35k, net result €22k, both a record.
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Koksijde · 1 establishment unit since 1990
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.
Strandlaan(Kok) 1198670 KoksijdeGround area
623 m²
Building footprint
93 m²
Volume, LiDAR
445 m³
Parcel 38343A0645/00A000, Flanders · tallest building 11.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
J & M DE COENE
since 19902.047.239.438
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38343A0645/00A000 | Flanders | 623 m² | 1 · 93 m² | 11.7 m · 1 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
2023 · 1 entry · 2,663 EUR awarded · 2,663 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,663 EUR | 2,663 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 7,862 companies in sector 43341 we hold annual accounts for 2,664. 2,034 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-1990
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
45441
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.