DECAVAN
ActiveSummary
DECAVAN has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €891,314 and a net result of €124,356. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 3330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+1
Solvency90▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 3.08 against 2.94 in 2024; short-term debt: 31.6% and cash: 35.3% of total assets), and 34.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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
65.4%
Return on assets
9.1%
Age of the figures
14 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 05-03-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
3 d early
2023
3 d early
2022
on the day
2021
31 d late
2020
10 d late
2019
37 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close28-09-2026 today28-02-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€891,314▲ 16.2%
2024 · €766,958
Total assets
€1.4m▲ 8.4%
2024 · €1.3m
Net result
€124,356▲ 23.0%
2024 · €101,086
Working capital
€896,556▲ 9.1%
2024 · €822,067
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20212022202320242025
Operating result€116,235=€82,540▼ 29.0%€124,632▲ 51.0%€134,662▲ 8.0%€168,125▲ 24.8%
Net result€81,835=€57,133within the sector's middle half▼ 30.2%€36,690within the sector's middle half▼ 35.8%€101,086within the sector's middle half▲ 176%€124,356within the sector's middle half▲ 23.0%
Equity€519,423▲ 12.1%€576,556within the sector's middle half▲ 11.0%€665,872within the sector's middle half▲ 15.5%€766,958within the sector's middle half▲ 15.2%€891,314above the sector's middle half▲ 16.2%
Total assets€927,890▲ 11.2%€916,312within the sector's middle half▼ 1.2%€1.1mwithin the sector's middle half▲ 16.7%€1.3mwithin the sector's middle half▲ 17.5%€1.4mwithin the sector's middle half▲ 8.4%
Debt€408,467▲ 10.0%€339,756▼ 16.8%€403,381▲ 18.7%€489,166▲ 21.3%€470,821▼ 3.8%
Working capital€523,766▲ 29.1%€561,999within the sector's middle half▲ 7.3%€685,540above the sector's middle half▲ 22.0%€822,067above the sector's middle half▲ 19.9%€896,556above the sector's middle half▲ 9.1%
Solvency56.0%▲ 0.5pp62.9%within the sector's middle half▲ 6.9pp62.3%within the sector's middle half▼ 0.6pp61.1%within the sector's middle half▼ 1.2pp65.4%within the sector's middle half▲ 4.4pp
Current ratio2.51▲ 0.342.82within the sector's middle half▲ 0.312.90within the sector's middle half▲ 0.092.94within the sector's middle half▲ 0.033.08within the sector's middle half▲ 0.14
Return on assets (ROA)8.8%▼ 1.0pp6.2%within the sector's middle half▼ 2.6pp3.4%within the sector's middle half▼ 2.8pp8.0%within the sector's middle half▲ 4.6pp9.1%within the sector's middle half▲ 1.1pp
Staff (FTE)3.8▲ 22.6%3.4within the sector's middle half▼ 10.5%4.5within the sector's middle half▲ 32.4%2.9within the sector's middle half▼ 35.6%3.1within the sector's middle half▲ 6.9%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 25% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€34,856 ▲ 249%
Current assets
€1.3m ▲ 6.5%
Equity and liabilities €1.4m
Equity
€891,314 ▲ 16.2%
Debt
€470,821 ▼ 3.8%
Debt's share of the balance-sheet total falls from 38.9% to 34.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€173,546▲
2024 · €153,231
Cash flow
€129,777▲
2024 · €119,655
Quick ratio
3.08▲
2024 · 2.94
Debt to equity
0.53▼
2024 · 0.64
ROE
14.0%▲
2024 · 13.2%
Interest coverage
79.95▲
2024 · 41.66
Debt ≤ 1 year
€430,723▲
2024 · €424,064
Income taxes
€50,260▲
2024 · €37,337
Staff costs
€124,885▼
2024 · €126,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €144,532 | €181,552 | €126,950 | €124,885 | ▼ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,836 | €22,857 | €22,387 | €18,569 | €5,421 | ▼ 70.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €13,135 | €39,324 | €6,343 | €1,095 | ▼ 82.7% |
| Other operating charges640/8 | - | €1,296 | €3,403 | €2,960 | €9,347 | ▲ 216% |
| Non-recurring operating charges66A | - | €0 | €5,053 | €524 | €0 | ▼ 100% |
| Gross operating margin9900 | €283,759 | €264,360 | €376,349 | €290,007 | €308,872 | ▲ 6.5% |
| Operating profit (loss)9901 | €116,235 | €82,540 | €124,632 | €134,662 | €168,125 | ▲ 24.8% |
| Financial income75/76B | - | €657 | €3,819 | €7,438 | €8,662 | ▲ 16.4% |
| Recurring financial income75 | €2,565 | €657 | €3,819 | €7,438 | €8,662 | ▲ 16.4% |
| Financial charges65/66B | - | €5,811 | €5,500 | €3,678 | €2,171 | ▼ 41.0% |
| Recurring financial charges65 | €4,071 | €5,811 | €5,500 | €3,678 | €2,171 | ▼ 41.0% |
| Profit (loss) for the period before taxes9903 | €114,729 | €77,387 | €122,951 | €138,423 | €174,616 | ▲ 26.1% |
| Transfer to deferred taxes680 | - | - | €52,625 | €0 | - | - |
| Income taxes67/77 | €32,894 | €20,254 | €33,635 | €37,337 | €50,260 | ▲ 34.6% |
| Profit (loss) for the period9904 | €81,835 | €57,133 | €36,690 | €101,086 | €124,356 | ▲ 23.0% |
| Transfer to tax-exempt reserves689 | - | €42,100 | - | €52,625 | €42,100 | ▼ 20.0% |
| Profit (loss) for the period to be appropriated9905 | €81,835 | €15,033 | €36,690 | €48,461 | €82,256 | ▲ 69.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €927,890 | €916,312 | €1.1m | €1.3m | €1.4m | ▲ 8.4% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €82,689 | €45,331 | €23,763 | €9,992 | €34,856 | ▲ 249% |
| Intangible fixed assets21 | €7,786 | €9,261 | €5,936 | €4,052 | €10,397 | ▲ 157% |
| Tangible fixed assets22/27 | €74,622 | €35,790 | €17,548 | €5,660 | €24,179 | ▲ 327% |
| Land and buildings22 | - | €0 | - | €3,751 | €5,131 | ▲ 36.8% |
| Plant, machinery and equipment23 | - | €2,337 | €876 | €895 | €1,693 | ▲ 89.2% |
| Furniture and vehicles24 | - | €33,453 | €16,672 | €1,014 | €17,355 | ▲ 1,611% |
| Financial fixed assets28 | €280 | €280 | €280 | €280 | €280 | = |
| Current assets29/58 | €870,055 | €870,982 | €1.0m | €1.2m | €1.3m | ▲ 6.5% |
| Stocks and contracts in progress3 | €850 | €850 | €850 | €850 | €850 | = |
| Stocks30/36 | - | €850 | €850 | €850 | €850 | = |
| Amounts receivable within one year40/41 | €566,993 | €630,420 | €776,585 | €750,315 | €702,451 | ▼ 6.4% |
| Trade receivables40 | - | €572,464 | €667,466 | €587,847 | €581,064 | ▼ 1.2% |
| Other amounts receivable41 | - | €57,956 | €109,120 | €162,468 | €121,387 | ▼ 25.3% |
| Current investments50/53 | €125,048 | €50,206 | €50,269 | €110,134 | €87,530 | ▼ 20.5% |
| Cash at bank and in hand54/58 | €172,187 | €172,508 | €179,313 | €346,370 | €481,432 | ▲ 39.0% |
| Deferred charges and accrued income490/1 | - | €16,998 | €38,473 | €38,462 | €55,015 | ▲ 43.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €927,890 | €916,312 | €1.1m | €1.3m | €1.4m | ▲ 8.4% |
| Equity10/15 | €519,423 | €576,556 | €665,872 | €766,958 | €891,314 | ▲ 16.2% |
| Contributions10/11 | - | €30,820 | €30,820 | €30,820 | €30,820 | = |
| Reserves13 | €488,603 | €545,736 | €635,051 | €736,137 | €860,493 | ▲ 16.9% |
| Non-distributable reserves130/1 | - | €3,082 | €3,082 | €0 | - | - |
| Reserves not available under the articles1311 | - | €3,082 | €3,082 | €0 | - | - |
| Tax-exempt reserves132 | - | €42,100 | €94,725 | €147,350 | €189,450 | ▲ 28.6% |
| Distributable reserves133 | - | €500,554 | €537,244 | €588,787 | €671,043 | ▲ 14.0% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €408,467 | €339,756 | €403,381 | €489,166 | €470,821 | ▼ 3.8% |
| Amounts payable after more than one year17 | €25,022 | €8,925 | €691 | €0 | - | - |
| Financial debts170/4 | - | €8,925 | €691 | €0 | - | - |
| Amounts payable within one year42/48 | €346,289 | €308,983 | €359,949 | €424,064 | €430,723 | ▲ 1.6% |
| Current portion of amounts payable after more than one year42 | - | €8,110 | €25,909 | €15,490 | €0 | ▼ 100% |
| Financial debts43 | - | €0 | - | - | €12,615 | - |
| Credit institutions430/8 | - | €0 | - | - | €12,615 | - |
| Trade debts44 | €205,548 | €165,643 | €232,050 | €327,673 | €342,308 | ▲ 4.5% |
| Suppliers440/4 | - | €165,643 | €232,050 | €327,673 | €342,308 | ▲ 4.5% |
| Taxes, remuneration and social security45 | - | €44,977 | €78,617 | €65,035 | €41,863 | ▼ 35.6% |
| Taxes450/3 | - | €16,910 | €54,839 | €40,085 | €14,858 | ▼ 62.9% |
| Remuneration and social security454/9 | - | €28,067 | €23,777 | €24,950 | €27,006 | ▲ 8.2% |
| Other amounts payable47/48 | - | €90,253 | €23,374 | €15,867 | €33,936 | ▲ 114% |
| Accrued charges and deferred income492/3 | - | €21,849 | €42,741 | €65,101 | €40,098 | ▼ 38.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,835 | €57,133 | €36,690 | €101,086 | €124,356 | ▲ 23.0% |
| + Depreciation and write-downs630 | €32,836 | €22,857 | €22,387 | €18,569 | €5,421 | ▼ 70.8% |
| Operating cash flow (approximation) | €114,671 | €79,990 | €59,077 | €119,655 | €129,777 | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | €14,501 | -€819 | -€4,798 | -€30,285 | ▼ 531% |
| Change in cash | - | €320 | €6,805 | €167,057 | €135,062 | ▼ 19.2% |
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
2026
15-09
State Gazette act
Board meeting · Registered-office move
Power of attorney
03-09
State Gazette act
Legal form clause · Name clause
Registered office clause · Duration
02-09
State Gazette act
Incorporation · Founder
Legal form clause · Name clause
18-08
State Gazette act
Board meeting · Shareholding
Merger · Net-asset statement
18-08
State Gazette act
Board meeting · Shareholding
Merger · Net-asset statement
04-08
State Gazette act
General meeting · Other statement
Merger · Accounting effect
04-08
State Gazette act
General meeting · Other statement
Merger · Accounting effect
28-07
State Gazette act
General meeting · Other statement
Declaration · Auditor report
20-07
State Gazette act
Incorporation · Founder
Name clause · Legal form clause
15-07
State Gazette act
Board meeting · Registered-office move
01-07
State Gazette act
Incorporation · Founder
Founding capital · Director appointment
30-06
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
Show earlier events
25-03
State Gazette act
Incorporation · Founder
Founding capital · Director appointment
05-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
31-07
Financial
Highest result since 2019net €124,356 ▲23%
Operating result €168,125, net result €124,356, both a record.
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-07
Financial
Equity above €500,000Eq €519,423 ▲12.1%
3 profitable years in a row build equity to €519,423.
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 37 days late
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Kortrijk · 1 establishment unit since 1975
Ground area
1,436 m²
Building footprint
323 m²
Volume, LiDAR
2,289 m³
Parcel 34354C0277/00A003, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DECAVAN NV
since 19752.037.689.688
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0277/00A003 | Flanders | 1,436 m² | 1 · 323 m² | 12.3 m · 2 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 to 2025 · 4 entries · 2,423 EUR awarded · 2,219 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 570 EUR | 570 EUR |
| 2024 | 1 | 408 EUR | 408 EUR |
| 2023 | 1 | 204 EUR | 0 EUR |
| 2022 | 1 | 1,241 EUR | 1,241 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
254900A3OFPS0B13G652
Similar companies · same sector, comparable size
Accountants aan de IJzer
BE 0691.992.357
Diksmuide · Eq €891,446
PHILIPPE SQUELART
BE 0476.597.325
Anderlecht · Eq €892,906
CONSILIO DO
BE 0523.976.776
Maldegem · Eq €888,856
BOEKHOUDKANTOOR PATRICK DE ROP
BE 0434.764.589
Beveren-Kruibeke-Zwijndrecht · Eq €888,391
SAERENS GEERT
BE 0878.313.422
Meise · Eq €887,456
Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 4,652 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
Founded18-07-1975
Fiscal year end31-07
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415310844
Also
9925:BE0415310844
Registered
23-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.