M.J.DECO
ActiveM.J.DECO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €5k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 53% of 27054 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
96
/ 100
Excellent▲ +54 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+33
Solvency95=
Growth72▲+19
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 2.38 in 2024), and 49.7% 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 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.3%
Return on assets
3.7%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 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
33 d late
2024
26 d late
2023
29 d late
2022
76 d early
2021
60 d late
2020
13 d late
2019
60 d late
← 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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€372k▲ 23.2%
2024 · €302k
2018: €213k
2019: €221k
2020: €181k
2021: €215k
2022: €249k
2023: €282k
2024: €302k
2018 → 2025
EBIT margin
3.3%▲ 10.5pp
2024 · -7.2%
2018: 3.3%
2019: 2.9%
2020: -3.3%
2021: -2.8%
2022: 7.4%
2023: 19.7%
2024: -7.2%
2018 → 2025
Net result
€5k
2024 · €-26k
2018: €4k
2019: €4k
2020: €-6k
2021: €-7k
2022: €17k
2023: €44k
2024: €-26k
2018 → 2025
Working capital
€55k▼ 3.4%
2024 · €57k
2018: €41k
2019: €52k
2020: €35k
2021: €29k
2022: €40k
2023: €87k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€215k-€249k▲ 16.1%€282k▲ 13.3%€302k▲ 7.1%€372k▲ 23.2%
Equity€34k-€51k▲ 48.7%€95k▲ 85.9%€69k▼ 27.6%€74k▲ 7.9%
Operating result€-6k-€18k€55k▲ 202%€-22k€12k
Net result€-7k-€17k€44k▲ 162%€-26k€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12k after a loss of €22k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147k
Fixed assets
€40k▲ 3.9%
Current assets
€107k▲ 9.9%
Equity and liabilities €147k
Equity
€74k▲ 7.9%
Debt
€73k▲ 8.6%
The debt ratio rises from 49.6% to 49.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€24k▲
2024 · €-17k
Cash flow
€17k▲
2024 · €-21k
Solvency
50.3%▼
2024 · 50.4%
Current ratio
2.04▼
2024 · 2.38
Quick ratio
1.89▼
2024 · 2.18
Debt / equity
0.99▲
2024 · 0.98
ROE
7.3%▲
2024 · -38.0%
ROA
3.7%▲
2024 · -19.2%
Interest coverage
3.71▲
2024 · -4.76
Debt
€73k▲
2024 · €68k
Debt ≤ 1 year
€53k▲
2024 · €41k
Debt > 1 year
€20k▼
2024 · €26k
Income taxes
€345▼
2024 · €690
Staff costs
€204k▲
2024 · €175k
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€136k€147k▲
Fixed assets21/28€38k€40k▲
Tangible fixed assets22/27€38k€40k▲
Plant, machinery and equipment23€5k€8k▲
Furniture and vehicles24€34k€29k▼
Other tangible fixed assets26€0€2k▲
Financial fixed assets28€50€50=
Current assets29/58€98k€107k▲
Stocks and contracts in progress3€8k€8k▼
Stocks30/36€8k€8k▼
Amounts receivable within one year40/41€12k€25k▲
Trade receivables40€9k€22k▲
Other amounts receivable41€4k€4k=
Cash at bank and in hand54/58€74k€73k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€136k€147k▲
Equity10/15€69k€74k▲
Contributions10/11€6k€6k=
Reserves13€5k€5k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€58k€63k▲
Amounts payable17/49€68k€73k▲
Amounts payable after more than one year17€26k€20k▼
Financial debts170/4€26k€20k▼
Amounts payable within one year42/48€41k€53k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€16k€20k▲
Suppliers440/4€16k€20k▲
Taxes, remuneration and social security45€14k€15k▲
Taxes450/3€7k€5k▼
Remuneration and social security454/9€8k€10k▲
Other amounts payable47/48€5k€12k▲
Accrued charges and deferred income492/3€18€540▲
Income statement
Code20242025
Turnover70€302k€372k▲
Goods, raw materials, services and sundry goods60/61€173k€186k▲
Remuneration, social security and pensions62€175k€204k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€12k▲
Other operating charges640/8€6k€2k▼
Non-recurring operating charges66A€4k€1k▼
Gross operating margin9900€168k€230k▲
Operating profit (loss)9901€-22k€12k▲
Financial income75/76B€8€3▼
Recurring financial income75€8€3▼
Non-recurring financial income76B-€0
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€-25k€6k▲
Income taxes67/77€690€345▼
Profit (loss) for the period9904€-26k€5k▲
Profit (loss) for the period to be appropriated9905€-26k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€63k▲
Profit (loss) brought forward from the previous period14P€84k€58k▼
The notes to these accounts (9 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
02-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 33 days late
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-26k ▼160%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €44k ▲162%
Operating result €55k, net result €44k, both a record.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-11-2023
José BASTIN: Resigned as Manager
13-11-2023
Mikaël BASTIN: Resigned as Manager
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2004
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.
Visé Voie 1924041 HerstalGround area
749 m²
Building footprint
116 m²
Volume, LiDAR
467 m³
Parcel 62112A0026/00F000, Wallonia · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
M.J. Déco
since 20042.137.014.324
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62112A0026/00F000 | Wallonia | 749 m² | 1 · 116 m² | 5.4 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.
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COULEUR NATURE
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Of 7,812 companies in sector 43341 we hold annual accounts for 2,636. 2,291 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-2004
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
45441
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.