OKE Decorations
ActiveSummary
The computed 12-month bankruptcy probability of OKE Decorations is 1.8% (moderate). The annual accounts of OKE Decorations for fiscal year 2025 show a net loss of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €17,176 and a net result of -€19,990. Equity is shrinking by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 11547 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-52
Solvency33▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.97 against 1.1 in 2024; short-term debt: 88% and cash: 3.3% of total assets), and 92.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 · 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 2025Solvency, return and age of the figures
Solvency
7.6%
Return on assets
-8.8%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 11547 sector peers (2025).
NBB · sector comparisonPosition among 11547 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
44 d early
2024
50 d early
2023
6 d early
2022
54 d early
2021
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 12 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€17,176▼ 53.8%
2024 · €37,166
Total assets
€226,523▼ 12.5%
2024 · €258,860
Net result
-€19,990
2024 · €13,776
Working capital
-€6,114
2024 · €19,320
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,288-€20,352▼ 57.0%-€39,775€20,222-€13,985
Net result€40,190above the sector's middle half-€20,553within the sector's middle half▼ 48.9%-€47,354below the sector's middle half€13,776within the sector's middle half-€19,990below the sector's middle half
Equity€50,190within the sector's middle half-€70,744within the sector's middle half▲ 41.0%€23,390within the sector's middle half▼ 66.9%€37,166within the sector's middle half▲ 58.9%€17,176within the sector's middle half▼ 53.8%
Total assets€247,959within the sector's middle half-€269,642within the sector's middle half▲ 8.7%€276,155within the sector's middle half▲ 2.4%€258,860within the sector's middle half▼ 6.3%€226,523within the sector's middle half▼ 12.5%
Debt€197,769-€198,898▲ 0.6%€252,765▲ 27.1%€221,694▼ 12.3%€209,347▼ 5.6%
Working capital€85,401within the sector's middle half-€80,562within the sector's middle half▼ 5.7%€20,446within the sector's middle half▼ 74.6%€19,320within the sector's middle half▼ 5.5%-€6,114below the sector's middle half
Solvency20.2%within the sector's middle half-26.2%within the sector's middle half▲ 6.0pp8.5%within the sector's middle half▼ 17.8pp14.4%within the sector's middle half▲ 5.9pp7.6%below the sector's middle half▼ 6.8pp
Current ratio1.80within the sector's middle half-1.62within the sector's middle half▼ 0.181.10within the sector's middle half▼ 0.521.10within the sector's middle half=0.97within the sector's middle half▼ 0.13
Return on assets (ROA)16.2%above the sector's middle half-7.6%within the sector's middle half▼ 8.6pp-17.1%below the sector's middle half▼ 24.8pp5.3%within the sector's middle half▲ 22.5pp-8.8%below the sector's middle half▼ 14.1pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 turns negative in 2025: a loss of €13,985 after €20,222 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €226,523
Fixed assets
€33,349 ▼ 20.0%
Current assets
€193,174 ▼ 11.0%
Equity and liabilities €226,523
Equity
€17,176 ▼ 53.8%
Debt
€209,347 ▼ 5.6%
Debt's share of the balance-sheet total rises from 85.6% to 92.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,623▼
2024 · €29,738
Cash flow
-€11,627▼
2024 · €23,292
Quick ratio
0.24▼
2024 · 0.36
Debt to equity
12.19▲
2024 · 5.97
ROE
-116.4%▼
2024 · 37.1%
Interest coverage
-0.97▼
2024 · 4.20
Debt ≤ 1 year
€199,288▲
2024 · €197,829
Debt > 1 year
€10,059▼
2024 · €23,865
Income taxes
€337▼
2024 · €341
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
4.6%
went bankrupt
3.3%
stopped otherwise
92%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 849 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,600 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,175 | €8,452 | €9,499 | €9,517 | €8,362 | ▼ 12.1% |
| Other operating charges640/8 | - | €209 | €533 | €909 | €202 | ▼ 77.8% |
| Non-recurring operating charges66A | - | - | - | €2,780 | €1,120 | ▼ 59.7% |
| Gross operating margin9900 | €53,463 | €29,013 | -€29,744 | €33,427 | -€4,300 | ▼ 113% |
| Operating profit (loss)9901 | €47,288 | €20,352 | -€39,775 | €20,222 | -€13,985 | ▼ 169% |
| Financial income75/76B | - | €12,258 | €1,837 | €974 | €112 | ▼ 88.5% |
| Recurring financial income75 | €7,002 | €12,258 | €1,837 | €974 | €112 | ▼ 88.5% |
| Financial charges65/66B | - | €5,433 | €9,097 | €7,078 | €5,780 | ▼ 18.3% |
| Recurring financial charges65 | €3,400 | €5,433 | €9,097 | €7,078 | €5,780 | ▼ 18.3% |
| Profit (loss) for the period before taxes9903 | €50,890 | €27,177 | -€47,035 | €14,117 | -€19,653 | ▼ 239% |
| Income taxes67/77 | €10,700 | €6,624 | €318 | €341 | €337 | ▼ 1.3% |
| Profit (loss) for the period9904 | €40,190 | €20,553 | -€47,354 | €13,776 | -€19,990 | ▼ 245% |
| Profit (loss) for the period to be appropriated9905 | €40,190 | €20,553 | -€47,354 | €13,776 | -€19,990 | ▼ 245% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €247,959 | €269,642 | €276,155 | €258,860 | €226,523 | ▼ 12.5% |
| Fixed assets21/28 | €55,830 | €58,776 | €51,228 | €41,711 | €33,349 | ▼ 20.0% |
| Intangible fixed assets21 | €46,251 | €41,251 | €36,251 | €31,251 | €26,251 | ▼ 16.0% |
| Tangible fixed assets22/27 | €6,954 | €13,271 | €10,722 | €6,205 | €2,843 | ▼ 54.2% |
| Plant, machinery and equipment23 | - | €9,825 | €8,268 | €4,742 | €2,371 | ▼ 50.0% |
| Furniture and vehicles24 | - | €2,263 | €1,563 | €863 | €163 | ▼ 81.1% |
| Other tangible fixed assets26 | - | €1,183 | €891 | €600 | €309 | ▼ 48.5% |
| Financial fixed assets28 | €2,625 | €4,255 | €4,255 | €4,255 | €4,255 | = |
| Current assets29/58 | €192,129 | €210,865 | €224,927 | €217,149 | €193,174 | ▼ 11.0% |
| Stocks and contracts in progress3 | €69,028 | €132,638 | €125,163 | €146,367 | €145,973 | ▼ 0.3% |
| Stocks30/36 | - | €132,638 | €125,163 | €146,367 | €145,973 | ▼ 0.3% |
| Amounts receivable within one year40/41 | €60,667 | €59,167 | €89,143 | €54,678 | €37,633 | ▼ 31.2% |
| Trade receivables40 | - | €55,790 | €61,236 | €38,123 | €23,078 | ▼ 39.5% |
| Other amounts receivable41 | - | €3,376 | €27,907 | €16,555 | €14,555 | ▼ 12.1% |
| Cash at bank and in hand54/58 | €59,370 | €7,794 | €418 | €6,033 | €7,428 | ▲ 23.1% |
| Deferred charges and accrued income490/1 | - | €11,268 | €10,204 | €10,071 | €2,140 | ▼ 78.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €247,959 | €269,642 | €276,155 | €258,860 | €226,523 | ▼ 12.5% |
| Equity10/15 | €50,190 | €70,744 | €23,390 | €37,166 | €17,176 | ▼ 53.8% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €40,190 | €60,744 | €13,390 | €27,166 | €7,176 | ▼ 73.6% |
| Distributable reserves133 | - | €60,744 | €13,390 | €27,166 | €7,176 | ▼ 73.6% |
| Amounts payable17/49 | €197,769 | €198,898 | €252,765 | €221,694 | €209,347 | ▼ 5.6% |
| Amounts payable after more than one year17 | €91,041 | €68,595 | €48,284 | €23,865 | €10,059 | ▼ 57.9% |
| Financial debts170/4 | - | €68,595 | €48,284 | €23,865 | €10,059 | ▼ 57.9% |
| Amounts payable within one year42/48 | €106,728 | €130,303 | €204,481 | €197,829 | €199,288 | ▲ 0.7% |
| Current portion of amounts payable after more than one year42 | - | €21,873 | €36,163 | €27,295 | €13,806 | ▼ 49.4% |
| Financial debts43 | - | €58,322 | €50,000 | €50,000 | €50,000 | = |
| Credit institutions430/8 | - | €58,322 | €50,000 | €50,000 | €50,000 | = |
| Trade debts44 | €20,661 | €11,288 | €71,534 | €79,755 | €45,810 | ▼ 42.6% |
| Suppliers440/4 | - | €11,288 | €71,534 | €79,755 | €45,810 | ▼ 42.6% |
| Advances received on contracts in progress46 | - | €779 | €904 | - | €974 | - |
| Taxes, remuneration and social security45 | - | €17,173 | €9,724 | €4,762 | €21,070 | ▲ 342% |
| Taxes450/3 | - | €17,173 | €9,724 | €2,355 | €16,061 | ▲ 582% |
| Remuneration and social security454/9 | - | - | - | €2,407 | €5,009 | ▲ 108% |
| Other amounts payable47/48 | - | €20,868 | €36,157 | €36,017 | €67,628 | ▲ 87.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,190 | €20,553 | -€47,354 | €13,776 | -€19,990 | ▼ 245% |
| + Depreciation and write-downs630 | €6,175 | €8,452 | €9,499 | €9,517 | €8,362 | ▼ 12.1% |
| Operating cash flow (approximation) | €46,366 | €29,005 | -€37,855 | €23,292 | -€11,627 | ▼ 150% |
| Investment in fixed assets (approximation) | - | -€11,398 | -€1,950 | €0 | €0 | - |
| Change in cash | - | -€51,577 | -€7,376 | €5,616 | €1,395 | ▼ 75.2% |
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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €13,776
Net result €13,776 after one loss-making year.
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€47,354
Net result drops to -€47,354, the lowest in the series; recovery starts the following year.
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Aalst · 1 establishment unit since 2020
Ground area
148 m²
Building footprint
85 m²
Volume, LiDAR
642 m³
Parcel 41303D0894/00Z002, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
OKE Decorations
since 20202.307.903.281
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0894/00Z002 | Flanders | 148 m² | 1 · 85 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,790 EUR awarded · 3,790 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,790 EUR | 3,790 EUR |
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Of 6,138 companies in sector 46190 we hold annual accounts for 2,574. 1,601 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
Founded24-09-2020
Fiscal year end30-06
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
46499Wholesale of other household goods
47551Retail sale of household furniture
47552Retail sale of lighting equipment
47553Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754791642
Also
9925:BE0754791642
Registered
10-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.