PP Decoratie
ActiveThe computed 12-month bankruptcy probability of PP Decoratie is 2.0% (moderate). The 2025 annual accounts show equity of €105k and a net result of €27k. Equity is growing by ~39.3% per year across the filed fiscal years. Its solvency ranks better than 72% of 7415 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89=
Solvency89▲+17
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.38 in 2024; short-term debt: 25.9% and cash: 0.1% of total assets), and 35.6% of the assets are financed with debt.
Credit advice for your own amount and term
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
1 d early
2022
22 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€105k▲ 31.5%
2024 · €80k
2022: €28k
2023: €52k
2024: €80k
2022 → 2025
Total assets
€163k▼ 3.7%
2024 · €169k
2022: €172k
2023: €167k
2024: €169k
2022 → 2025
Net result
€27k▼ 2.3%
2024 · €28k
2022: €26k
2023: €26k
2024: €28k
2022 → 2025
Working capital
€-31k▼ 14.6%
2024 · €-27k
2022: €-23k
2023: €-29k
2024: €-27k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€28k-€52k▲ 89.1%€80k▲ 53.0%€105k▲ 31.5%
Operating result€37k-€36k▼ 1.0%€37k▲ 2.8%€38k▲ 2.7%
Net result€26k-€26k▲ 2.0%€28k▲ 5.5%€27k▼ 2.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163k
Fixed assets
€151k▼ 0.6%
Current assets
€11k▼ 32.4%
Equity and liabilities €163k
Equity
€105k▲ 31.5%
Debt
€58k▼ 35.1%
The debt ratio falls from 52.8% to 35.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2024 · €38k
Cash flow
€28k▼
2024 · €28k
Solvency
64.4%▲
2024 · 47.2%
Current ratio
0.27▼
2024 · 0.38
Quick ratio
0.27▼
2024 · 0.38
Debt / equity
0.55▼
2024 · 1.12
ROE
25.7%▼
2024 · 34.6%
ROA
16.6%▲
2024 · 16.3%
Interest coverage
20.85▲
2024 · 16.57
Debt
€58k▼
2024 · €89k
Debt ≤ 1 year
€42k▼
2024 · €44k
Debt > 1 year
€16k▼
2024 · €46k
Income taxes
€9k▲
2024 · €7k
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€169k€163k▼
Fixed assets21/28€152k€151k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€92€15▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€150k€150k=
Current assets29/58€17k€11k▼
Amounts receivable within one year40/41€11k€10k▼
Trade receivables40€10k€10k=
Other amounts receivable41€485-
Cash at bank and in hand54/58€6k€86▼
Deferred charges and accrued income490/1€277€875▲
Equity and liabilities
Total equity and liabilities10/49€169k€163k▼
Equity10/15€80k€105k▲
Contributions10/11€4k€4k=
Profit (loss) carried forward14€76k€101k▲
Amounts payable17/49€89k€58k▼
Amounts payable after more than one year17€46k€16k▼
Financial debts170/4€46k€16k▼
Amounts payable within one year42/48€44k€42k▼
Current portion of amounts payable after more than one year42€27k€30k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€13k€11k▼
Taxes450/3€13k€11k▼
Remuneration and social security454/9-€639
Other amounts payable47/48€958€145▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€860€860=
Other operating charges640/8€321€591▲
Gross operating margin9900€38k€40k▲
Operating profit (loss)9901€37k€38k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€35k€36k▲
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€28k€27k▼
Profit (loss) for the period to be appropriated9905€28k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€76k€101k▲
Profit (loss) brought forward from the previous period14P€49k€74k▲
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
Next filing, fiscal year 2026, expected by
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €100kEq €105k ▲31.5%
4 profitable years in a row build equity to €105k.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2022net €28k ▲5.5%
Net result €28k, the highest in the series.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Maldegem · 1 establishment unit since 2021
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.
Rokalseidestraat 139990 MaldegemGround area
457 m²
Building footprint
181 m²
Volume, LiDAR
738 m³
Parcel 43010B0043/00E000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PP Decoratie
since 20212.314.563.322
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010B0043/00E000 | Flanders | 457 m² | 1 · 181 m² | 8.0 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.
Similar companies · same sector, comparable size
IGNACE HUGAERTS
BE 0437.313.018
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MILOR
BE 0880.974.190
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CALCUTEK
BE 0455.701.644
Wellen · Eq €105k
Bouwwerken Verbreucken
BE 0732.849.846
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CIRECO
BE 0763.921.619
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,041. 13,094 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2021
Fiscal year end31-03
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43422Screed work
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.