LION DECOR
Open bankruptcyA bankruptcy procedure is open for LION DECOR according to publications in the Belgian State Gazette; curator: GUNTHER PEETERS. The 2024 annual accounts show equity of €125k and a net result of €30k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
55 d late
2022
282 d late
2021
590 d late
2020
58 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€125k▲ 32.2%
2023 · €94k
2020: €5k
2021: €26k
2022: €71k
2023: €94k
2020 → 2024
Total assets
€165k▲ 28.0%
2023 · €129k
2020: €7k
2021: €33k
2022: €98k
2023: €129k
2020 → 2024
Net result
€30k▲ 32.5%
2023 · €23k
2020: €4k
2021: €22k
2022: €45k
2023: €23k
2020 → 2024
Working capital
€105k▲ 29.9%
2023 · €81k
2020: €4k
2021: €25k
2022: €70k
2023: €81k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5k-€26k▲ 484%€71k▲ 170%€94k▲ 32.1%€125k▲ 32.2%
Operating result€4k-€27k▲ 536%€54k▲ 98.4%€25k▼ 52.9%€39k▲ 52.2%
Net result€4k-€22k▲ 521%€45k▲ 105%€23k▼ 49.1%€30k▲ 32.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 52% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €165k
Fixed assets
€19k▲ 45.9%
Current assets
€145k▲ 25.9%
Equity and liabilities €165k
Equity
€125k▲ 32.2%
Debt
€40k▲ 16.6%
The debt ratio falls from 26.7% to 24.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▲
2023 · €27k
Cash flow
€38k▲
2023 · €24k
Solvency
75.7%▲
2023 · 73.3%
Current ratio
3.63▲
2023 · 3.36
Quick ratio
3.63▲
2023 · 3.36
Debt / equity
0.32▼
2023 · 0.36
ROE
24.3%▲
2023 · 24.3%
ROA
18.4%▲
2023 · 17.8%
Interest coverage
33.75▲
2023 · 16.33
Debt
€40k▲
2023 · €34k
Debt ≤ 1 year
€40k▲
2023 · €34k
Income taxes
€13k▲
2023 · €6k
Staff costs
€41k▲
2023 · €24k
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€129k€165k▲
Fixed assets21/28€13k€19k▲
Tangible fixed assets22/27€13k€19k▲
Plant, machinery and equipment23€50€105▲
Furniture and vehicles24€13k€19k▲
Current assets29/58€115k€145k▲
Amounts receivable within one year40/41€109k€142k▲
Trade receivables40€23k€23k▲
Other amounts receivable41€87k€119k▲
Cash at bank and in hand54/58€5k€2k▼
Deferred charges and accrued income490/1€793€957▲
Equity and liabilities
Total equity and liabilities10/49€129k€165k▲
Equity10/15€94k€125k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€93k€124k▲
Amounts payable17/49€34k€40k▲
Amounts payable within one year42/48€34k€40k▲
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€29k€37k▲
Taxes450/3€26k€30k▲
Remuneration and social security454/9€2k€8k▲
Income statement
Code20232024
Non-recurring operating income76A-€236
Remuneration, social security and pensions62€24k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€8k▲
Other operating charges640/8€380€2k▲
Gross operating margin9900€51k€89k▲
Operating profit (loss)9901€25k€39k▲
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€29k€43k▲
Income taxes67/77€6k€13k▲
Profit (loss) for the period9904€23k€30k▲
Profit (loss) for the period to be appropriated9905€23k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€93k€124k▲
Profit (loss) brought forward from the previous period14P€70k€93k▲
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
2026
07-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · LION DECOR BV GULDEN- SCHAAPSTRAAT 6, 1800 VILVOORDE · event 25-08-2026
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Equity above €100kEq €125k ▲32.2%
5 profitable years in a row build equity to €125k.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 282 days late
12-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 590 days late
2022
31-12
Financial
Highest result since 2020net €45k ▲105%
Operating result €54k, net result €45k, both a record.
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Vilvoorde · 1 establishment unit since 2019
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.
Guldenschaapstraat 61800 VilvoordeGround area
94 m²
Building footprint
82 m²
Volume, LiDAR
725 m³
Parcel 23642D0866/00X000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LION DECOR
since 20192.291.550.764
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23642D0866/00X000 | Flanders | 93 m² | 1 · 82 m² | 11.0 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUNTHER PEETERS HERSELTSESTEENWEG 54,
3200 AARSCHOT |
25-08-2026 → present |
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 1,038 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-07-2019
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43230Insulation installation
43291Specialised construction activities
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.