NS DECOR
ActiveSummary
The computed 12-month bankruptcy probability of NS DECOR is 2.2% (moderate). The 2025 annual accounts show equity of €43,324 and a net result of €19,029. Equity is growing by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 28281 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+95
Solvency100▲+18
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 4.42 against 1.69 in 2024; short-term debt: 18.7% and cash: 33% of total assets), and 18.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
81.3%
Return on assets
35.7%
Age of the figures
9 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 28-08-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€43,324▲ 78.3%
2024 · €24,296
Total assets
€53,321▲ 24.0%
2024 · €42,984
Net result
€19,029
2024 · -€4,643
Working capital
€34,205▲ 166%
2024 · €12,873
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€37,170--€4,258€24,887
Net result€26,938within the sector's middle half--€4,643below the sector's middle half€19,029within the sector's middle half
Equity€28,938within the sector's middle half-€24,296within the sector's middle half▼ 16.0%€43,324within the sector's middle half▲ 78.3%
Total assets€53,818below the sector's middle half-€42,984below the sector's middle half▼ 20.1%€53,321below the sector's middle half▲ 24.0%
Debt€24,879-€18,688▼ 24.9%€9,997▼ 46.5%
Working capital€26,108within the sector's middle half-€12,873within the sector's middle half▼ 50.7%€34,205within the sector's middle half▲ 166%
Solvency53.8%within the sector's middle half-56.5%within the sector's middle half▲ 2.8pp81.3%above the sector's middle half▲ 24.7pp
Current ratio2.06within the sector's middle half-1.69within the sector's middle half▼ 0.374.42above the sector's middle half▲ 2.73
Return on assets (ROA)50.1%above the sector's middle half--10.8%below the sector's middle half▼ 60.9pp35.7%above the sector's middle half▲ 46.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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: €24,887 after a loss of €4,258 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,321
Fixed assets
€9,119 ▼ 20.2%
Current assets
€44,202 ▲ 40.0%
Equity and liabilities €53,321
Equity
€43,324 ▲ 78.3%
Debt
€9,997 ▼ 46.5%
Debt's share of the balance-sheet total falls from 43.5% to 18.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,933▲
2024 · -€2,047
Cash flow
€22,075▲
2024 · -€2,431
Debt to equity
0.23▼
2024 · 0.77
ROE
43.9%▲
2024 · -19.1%
Interest coverage
153.76▲
2024 · -5.32
Debt ≤ 1 year
€9,997▼
2024 · €18,688
Income taxes
€5,676
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €781 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €960 | €2,211 | €3,046 | ▲ 37.7% |
| Other operating charges640/8 | €732 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €38,862 | -€1,659 | €28,333 | ▲ 1,807% |
| Operating profit (loss)9901 | €37,170 | -€4,258 | €24,887 | ▲ 684% |
| Financial income75/76B | €0 | €0 | €0 | ▼ 20.0% |
| Recurring financial income75 | €0 | €0 | €0 | ▼ 20.0% |
| Financial charges65/66B | €190 | €384 | €182 | ▼ 52.7% |
| Recurring financial charges65 | €190 | €384 | €182 | ▼ 52.7% |
| Profit (loss) for the period before taxes9903 | €36,980 | -€4,643 | €24,705 | ▲ 632% |
| Income taxes67/77 | €10,042 | - | €5,676 | - |
| Profit (loss) for the period9904 | €26,938 | -€4,643 | €19,029 | ▲ 510% |
| Profit (loss) for the period to be appropriated9905 | €26,938 | -€4,643 | €19,029 | ▲ 510% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €53,818 | €42,984 | €53,321 | ▲ 24.0% |
| Fixed assets21/28 | €3,041 | €11,422 | €9,119 | ▼ 20.2% |
| Tangible fixed assets22/27 | €3,041 | €11,422 | €9,119 | ▼ 20.2% |
| Plant, machinery and equipment23 | €825 | €7,837 | €5,857 | ▼ 25.3% |
| Furniture and vehicles24 | €2,217 | €3,585 | €3,262 | ▼ 9.0% |
| Current assets29/58 | €50,776 | €31,561 | €44,202 | ▲ 40.0% |
| Amounts receivable within one year40/41 | €41,327 | €23,322 | €19,490 | ▼ 16.4% |
| Trade receivables40 | €33,654 | €11,134 | €4,974 | ▼ 55.3% |
| Other amounts receivable41 | €7,673 | €12,189 | €14,516 | ▲ 19.1% |
| Cash at bank and in hand54/58 | €1,224 | €1,685 | €17,621 | ▲ 946% |
| Deferred charges and accrued income490/1 | €8,225 | €6,554 | €7,091 | ▲ 8.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €53,818 | €42,984 | €53,321 | ▲ 24.0% |
| Equity10/15 | €28,938 | €24,296 | €43,324 | ▲ 78.3% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €26,000 | €26,000 | €44,500 | ▲ 71.2% |
| Distributable reserves133 | €26,000 | €26,000 | €44,500 | ▲ 71.2% |
| Profit (loss) carried forward14 | €938 | -€3,704 | -€3,176 | ▲ 14.3% |
| Amounts payable17/49 | €24,879 | €18,688 | €9,997 | ▼ 46.5% |
| Amounts payable within one year42/48 | €24,668 | €18,688 | €9,997 | ▼ 46.5% |
| Trade debts44 | €13,258 | €13,043 | €4,013 | ▼ 69.2% |
| Suppliers440/4 | €13,258 | €13,043 | €4,013 | ▼ 69.2% |
| Taxes, remuneration and social security45 | €5,042 | €5,042 | €5,676 | ▲ 12.6% |
| Taxes450/3 | €5,042 | €5,042 | €5,676 | ▲ 12.6% |
| Other amounts payable47/48 | €6,368 | €603 | €307 | ▼ 49.1% |
| Accrued charges and deferred income492/3 | €212 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,938 | -€4,643 | €19,029 | ▲ 510% |
| + Depreciation and write-downs630 | €960 | €2,211 | €3,046 | ▲ 37.7% |
| Operating cash flow (approximation) | €27,898 | -€2,431 | €22,075 | ▲ 1,008% |
| Investment in fixed assets (approximation) | - | -€10,593 | -€743 | ▲ 93.0% |
| Change in cash | - | €461 | €15,935 | ▲ 3,358% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €19,029
Net result €19,029 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.42
Current ratio from 1.69 to 4.42; short-term debt falls from €18,688 to €9,997.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€4,643
Net result drops to -€4,643, 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
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Kortenberg · 1 establishment unit since 2022
Ground area
1,640 m²
Building footprint
283 m²
Volume, LiDAR
2,544 m³
2 parcels, Flanders, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NS DECOR
since 20222.339.874.778
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055B0380/00H000 | Flanders | 1,212 m² | 1 · 217 m² | 9.6 m · 3 fl. |
| 52393B0230/00V002 | Wallonia | 428 m² | 1 · 66 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,507 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43120Site preparation
43320Joinery installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794971715
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.