KERF DECO
ActiveKERF DECO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €59k and a net result of €-35k. Equity is growing by ~79.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 26056 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency61▼-22
Growth52=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 3.08 against 12.95 in 2023), but 74.2% 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
25.8%
Return on assets
-15%
Age of the figures
20 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€35k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
68 d late
2022
31 d early
2021
20 d early
2020
30 d late
2019
42 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€59k▼ 36.8%
2023 · €94k
2018: €10k
2019: €3k
2020: €6k
2021: €160k
2022: €126k
2023: €94k
2018 → 2024
Total assets
€230k▼ 7.5%
2023 · €249k
2018: €159k
2019: €153k
2020: €159k
2021: €372k
2022: €325k
2023: €249k
2018 → 2024
Net result
€-35k▼ 9.4%
2023 · €-32k
2018: €10k
2019: €-7k
2020: €3k
2021: €155k
2022: €-35k
2023: €-32k
2018 → 2024
Working capital
€108k▼ 41.8%
2023 · €186k
2018: €107k
2019: €127k
2020: €131k
2021: €308k
2022: €243k
2023: €186k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€6k-€160k▲ 2,727%€126k▼ 21.7%€94k▼ 25.2%€59k▼ 36.8%
Operating result€3k-€195k▲ 6,015%€-36k€-33k▲ 8.5%€-54k▼ 60.8%
Net result€3k-€155k▲ 5,908%€-35k€-32k▲ 9.2%€-35k▼ 9.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €54k in 2024 against €33k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €230k
Fixed assets
€69k▲ 48.1%
Current assets
€161k▼ 20.4%
Equity and liabilities €230k
Equity
€59k▼ 36.8%
Provisions
€0▼ 100%
Debt
€170k▲ 28.3%
The debt ratio rises from 53.5% to 74.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-43k▼
2023 · €-24k
Cash flow
€-24k▼
2023 · €-22k
Solvency
25.8%▼
2023 · 37.8%
Current ratio
3.08▼
2023 · 12.95
Quick ratio
2.65▼
2023 · 11.46
Debt / equity
2.87▲
2023 · 1.41
ROE
-58.2%▼
2023 · -33.6%
ROA
-15.0%▼
2023 · -12.7%
Interest coverage
-13.21▲
2023 · -26.94
Debt
€170k▲
2023 · €133k
Debt ≤ 1 year
€52k▲
2023 · €16k
Debt > 1 year
€117k▲
2023 · €110k
Income taxes
€272▲
2023 · €135
Staff costs
€0▼
2023 · €321
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€249k€230k▼
Fixed assets21/28€47k€69k▲
Intangible fixed assets21€104€4▼
Tangible fixed assets22/27€47k€69k▲
Land and buildings22€16k€14k▼
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24€19k€15k▼
Other tangible fixed assets26-€32k
Current assets29/58€202k€161k▼
Stocks and contracts in progress3€23k€22k▼
Stocks30/36€23k€22k▼
Amounts receivable within one year40/41€11k€7k▼
Trade receivables40€11k€7k▼
Cash at bank and in hand54/58€166k€130k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€249k€230k▼
Equity10/15€94k€59k▼
Contributions10/11€6k€6k=
Reserves13€67k€2k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€65k€0▼
Profit (loss) carried forward14€21k€51k▲
Provisions and deferred taxes16€22k€0▼
Deferred taxes168€22k€0▼
Amounts payable17/49€133k€170k▲
Amounts payable after more than one year17€110k€117k▲
Other amounts payable178/9€110k€117k▲
Amounts payable within one year42/48€16k€52k▲
Trade debts44€9k€44k▲
Suppliers440/4€9k€44k▲
Advances received on contracts in progress46€80€0▼
Taxes, remuneration and social security45€3k€474▼
Taxes450/3€2k€474▼
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€3k€8k▲
Accrued charges and deferred income492/3€7k€1k▼
Income statement
Code20232024
Non-recurring operating income76A-€28
Remuneration, social security and pensions62€321€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€11k▲
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A-€23
Gross operating margin9900€-21k€-40k▼
Operating profit (loss)9901€-33k€-54k▼
Financial income75/76B€955€903▼
Recurring financial income75€955€903▼
Financial charges65/66B€889€3k▲
Recurring financial charges65€889€3k▲
Profit (loss) for the period before taxes9903€-33k€-56k▼
Transfer from deferred taxes780€2k€22k▲
Income taxes67/77€135€272▲
Profit (loss) for the period9904€-32k€-35k▼
Transfer from tax-exempt reserves789€5k€65k▲
Profit (loss) for the period to be appropriated9905€-26k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€51k▲
Profit (loss) brought forward from the previous period14P€47k€21k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-35k ▼122%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €155k ▲5908%
Operating result €195k, net result €155k, both a record.
31-12
Financial
Equity above €150kEq €160k ▲2727%
2 profitable years in a row build equity to €160k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 9.33
Current ratio from 3.74 to 9.33; short-term debt falls from €39k to €15k.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Verviers · 1 establishment unit since 2015
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.
Grand Place 104800 VerviersGround area
70 m²
Building footprint
67 m²
Volume, LiDAR
607 m³
Parcel 63022A0312/00C000, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KERF DECO
since 20152.238.742.281
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63022A0312/00C000 | Wallonia | 70 m² | 1 · 67 m² | 11.7 m · 3 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.
Similar companies · same sector, comparable size
TEXTILES ALBERT
BE 0443.866.852
Schaarbeek · Eq €59k
QP FABRICS
BE 0721.474.419
Lommel · Eq €59k
BERTRIX - DECORS
BE 0415.369.539
Bertrix · Eq €61k
DECOR HOUSE AKTAS
BE 0846.423.186
Sint-Jans-Molenbeek · Eq €61k
DOCHEZ-HOTTON DECORATION
BE 0457.287.890
Hensies · Eq €58k
Of 528 companies in sector 47530 we hold annual accounts for 320. 255 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2015
Fiscal year end31-12
Activities, NACEBEL
47530Retail trade
47512Retail sale of household textiles and bedding
74104Other professional, scientific and technical activities
74130Interior design
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.