KERF DECO
KERF 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 shrinking by ~34.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 44% of 26062 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
| Equity | €59k |
| Net result | €-35k |
| Better than sector | 44% |
| Active | 11 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 25.8% | 32.3% | |
| Net result | €-35k | €4k | |
| Equity | €59k | €39k | |
| Gross operating margin | €-40k | €31k | |
| Staff costs | €0 | €38k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-43k | €-24k | €-29k | €195k | €5k |
| Net profit | €-35k | €-32k | €-35k | €155k | €-2k |
| Cash flow | €-24k | €-22k | €-28k | €155k | €-478 |
| Staff costs | €0 | €321 | €281 | - | - |
| Income taxes | €272 | €135 | €0 | €21k | - |
| Dividends | - | - | - | - | - |
| Total assets | €230k | €249k | €325k | €372k | €159k |
| Equity | €59k | €94k | €126k | €160k | €6k |
| Debt | €170k | €133k | €176k | €187k | €153k |
| of which ≤ 1y | €52k | €16k | €32k | €47k | €18k |
| of which > 1y | €117k | €110k | €135k | €135k | €135k |
| Working capital | €108k | €186k | €243k | €308k | €131k |
| Employees (FTE) | - | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 3.08 | 12.95 | 8.49 | 7.55 | 8.23 |
| Quick ratio | 2.65 | 11.46 | 7.88 | 7.49 | 0.60 |
| Working capital ratio | 47.1% | 74.9% | 74.8% | 82.6% | 82.6% |
| Solvency | 25.8% | 37.8% | 38.7% | 43.1% | 3.6% |
| Debt / equity | 2.87 | 1.41 | 1.40 | 1.16 | 23.83 |
| Long-term debt ratio | 1.97 | 1.17 | 1.08 | 0.84 | 23.83 |
| Interest coverage | -13.21 | -26.94 | -76.08 | 423.10 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -15.0% | -12.7% | -10.7% | 41.6% | -1.5% |
| ROE | -58.2% | -33.6% | -27.7% | 96.5% | -42.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €230k | €249k | €325k | €372k | €159k |
| Fixed assets | 21/28 | €69k | €47k | €49k | €18k | €10k |
| Intangible fixed assets | 21 | €4 | €104 | €204 | €304 | €404 |
| Tangible fixed assets | 22/27 | €69k | €47k | €49k | €17k | €9k |
| Current assets | 29/58 | €161k | €202k | €275k | €355k | €149k |
| Stocks & contracts in progress | 3 | €22k | €23k | €20k | €3k | €139k |
| Amounts receivable within one year | 40/41 | €7k | €11k | €15k | €18k | €2k |
| Cash & bank | 54/58 | €130k | €166k | €240k | €332k | €8k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €230k | €249k | €325k | €372k | €159k |
| Equity | 10/15 | €59k | €94k | €126k | €160k | €6k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | - |
| Reserves | 13 | €2k | €67k | €72k | €77k | €2k |
| Accumulated profits (losses) | 14 | €51k | €21k | €47k | €77k | €-2k |
| Provisions & deferred taxes | 16 | €0 | €22k | €24k | €25k | - |
| Amounts payable | 17/49 | €170k | €133k | €176k | €187k | €153k |
| Amounts payable after one year | 17 | €117k | €110k | €135k | €135k | €135k |
| Amounts payable within one year | 42/48 | €52k | €16k | €32k | €47k | €18k |
| Trade debts payable within one year | 44 | €44k | €9k | €7k | €22k | €6k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-40k | €-21k | €-29k | €350k | €5k |
| Operating result | 9901 | €-54k | €-33k | €-36k | €195k | €3k |
| Financial income | 75 | €903 | €955 | €450 | €6k | €141 |
| Financial charges | 65 | €3k | €889 | €387 | €462 | €755 |
| Result before taxes | 9903 | €-56k | €-33k | €-36k | €201k | €3k |
| Income taxes | 67/77 | €272 | €135 | €0 | €21k | - |
| Net result for the period | 9904 | €-35k | €-32k | €-35k | €155k | €3k |
| Result to be appropriated | 9905 | €30k | €-26k | €-30k | €79k | €3k |
| NACE primary | Retail trade(47530) |
| Legal form | Private limited company(610) |
| Incorporation | 09-01-2015 |
| Status | Active |
| Postal code | 4800 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63022A0312/00C000 | Wallonia | 70 m² | 1 · 67 m² | 11.7 m · 3 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
16-12-2022 Change in the board of directors
Technical details
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{
"kind": "substantive_delegation",
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"person": {
"rrn": "76.02.24-074.40",
"name": "Vinciane Madeleine Pierre Marcel DUMONT",
"address": "4910 THEUX, rue Fran\u00E7ois-Xavier Simonis 5",
"birth_date": "1976-02-24",
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"birth_place": "Verviers"
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],
"notary": {
"name": "Catherine LAGUESSE",
"firm_city": null,
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"office_city": "Verviers",
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},
"act_meta": {
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"pub_date": "2022-12-16",
"filing_date": "2022-12-14",
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"decisions": [
{
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"date": "2022-11-30",
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],
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"subject_company": {
"kbo": "0568.544.021",
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"co_filed_documents": [
"exp\u00E9dition du proc\u00E8s-verbal d\u0027assembl\u00E9e g\u00E9n\u00E9rale",
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}| Legal nameFR | KERF DECO |