TEXCODECK
ActiveThe file of TEXCODECK contains 4 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 10.0% (high). The 2025 annual accounts show equity of €313,091 and a net result of €704,734. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 9,663 sector peers (NACE 46, fiscal year 2025).
Overview
- Staff
- 8.9 FTE
- Equity
- €313,091
- Profit
- €704,734
- ASDD ManagementDirector · permanent representative Anne-Sophie de Decker
- NDD AdvisoryDirector · permanent representative Nicolas de Decker
Why 35- Reorganisation plan being carried out (approved, Gazette 21-11-2024)- 2 of the last 3 late+ Liquidity: current ratio 1.11, cash €735,632+ Founded in 2005Show the evidence
Checked score
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 36% on solvency, 67% on liquidity, 95% on profitability and 99% on growth.
The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 44 days after 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)
- Annual accounts filedfiscal year 2025 · abbreviated…
- Resignations: Anne-Sophie de Decker (director) and…Appointments: ASDD Management (director) and…
- Highest result since 2018net €704,734 ▲814%
Financials · fiscal year 2025, abbreviated schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 663% above 2024 and is the highest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Point at or tap 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), Staff (FTE).
- 2025 Net result +814% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 10.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 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 3,818 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.09m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.03m | €0.02m | €0.02m | €0.02m | €0.06m | €0.08m | €0.05m | ▼ 36.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.1m | €0.05m | €0.008m | €0.02m | -€0.01m | ▼ 150% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.01m | €0.007m | €0.04m | €0.01m | ▼ 72.2% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.02m | - |
| Gross operating margin9900 | €0.5m | €1.1m | €0.03m | €0.4m | €0.6m | €0.4m | €0.6m | €1.2m | ▲ 97.1% |
| Operating profit (loss)9901 | -€0.5m | €0.3m | -€0.09m | €0.2m | €0.05m | -€0.06m | €0.1m | €0.8m | ▲ 663% |
| Financial income75/76B | - | - | - | €0.005m | €0.007m | €0.001m | €0.002m | €0.001m | ▼ 33.2% |
| Recurring financial income75 | €0.008m | €0.005m | €0.004m | €0.005m | €0.007m | €0.001m | €0.002m | €0.001m | ▼ 33.2% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | €0.07m | ▲ 137% |
| Recurring financial charges65 | €0.05m | €0.04m | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | €0.07m | ▲ 137% |
| Profit (loss) for the period before taxes9903 | -€0.5m | €0.2m | -€0.1m | €0.2m | €0.03m | -€0.09m | €0.08m | €0.7m | ▲ 839% |
| Income taxes67/77 | €0.001m | €0.001m | €351 | €372 | €0.004m | €0.005m | €0.001m | €0.03m | ▲ 4,028% |
| Profit (loss) for the period9904 | -€0.5m | €0.2m | -€0.1m | €0.2m | €0.03m | -€0.09m | €0.08m | €0.7m | ▲ 814% |
| Profit (loss) for the period to be appropriated9905 | -€0.5m | €0.2m | -€0.08m | €0.2m | €0.03m | -€0.09m | €0.08m | €0.7m | ▲ 814% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €0.7m | €0.5m | €0.6m | €0.6m | €0.7m | €0.6m | €1.2m | ▲ 114% |
| Fixed assets21/28 | €0.2m | €0.06m | €0.04m | €0.05m | €0.06m | €0.2m | €0.1m | €0.2m | ▲ 80.5% |
| Intangible fixed assets21 | €0.02m | €0.02m | €0.01m | €0.009m | €0.004m | €0 | - | €0.07m | - |
| Tangible fixed assets22/27 | €0.2m | €0.03m | €0.02m | €0.04m | €0.05m | €0.2m | €0.1m | €0.1m | ▼ 8.5% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.04m | €0.04m | €0.03m | €0.02m | ▼ 20.0% |
| Other tangible fixed assets26 | - | - | - | €0.02m | €0.02m | €0.2m | €0.1m | €0.09m | ▼ 4.8% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €0 | - | €0.04m | - |
| Current assets29/58 | €0.6m | €0.7m | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | €1.0m | ▲ 124% |
| Stocks and contracts in progress3 | €0.4m | €0.4m | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 28.6% |
| Stocks30/36 | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 28.6% |
| Amounts receivable within one year40/41 | €0.05m | €0.04m | €0.1m | €0.04m | €0.04m | €0.07m | €0.1m | €0.1m | ▼ 2.3% |
| Trade receivables40 | - | - | - | €0.003m | €0.01m | €0.05m | €0.1m | €0.04m | ▼ 65.0% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.03m | €0.02m | €0.03m | €0.09m | ▲ 253% |
| Cash at bank and in hand54/58 | €0.05m | €0.2m | €0.05m | €0.1m | €0.1m | €0.06m | €0.1m | €0.7m | ▲ 413% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.006m | €0.004m | €0.007m | €0.006m | ▼ 12.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €0.7m | €0.5m | €0.6m | €0.6m | €0.7m | €0.6m | €1.2m | ▲ 114% |
| Equity10/15 | -€0.4m | -€0.1m | -€0.2m | €0.009m | €0.04m | -€0.07m | €0.008m | €0.3m | ▲ 3,646% |
| Contributions10/11 | €0.04m | €0.04m | - | €0.05m | €0.05m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.03m | €0.03m | €0 | - | - | €0.008m | €0.008m | €0.008m | = |
| Distributable reserves133 | - | - | - | - | - | €0.008m | €0.008m | €0.008m | = |
| Profit (loss) carried forward14 | -€0.4m | -€0.2m | -€0.3m | -€0.04m | -€0.01m | -€0.2m | -€0.08m | €0.2m | ▲ 390% |
| Amounts payable17/49 | €1.1m | €0.8m | €0.8m | €0.6m | €0.5m | €0.7m | €0.6m | €0.9m | ▲ 61.3% |
| Amounts payable after more than one year17 | €0.02m | €0.03m | €0 | - | €0.01m | €0.003m | €0.02m | €0.01m | ▼ 37.5% |
| Financial debts170/4 | - | - | - | - | €0.01m | €0.003m | €0.02m | €0.01m | ▼ 37.5% |
| Amounts payable within one year42/48 | €1.1m | €0.8m | €0.8m | €0.6m | €0.5m | €0.7m | €0.5m | €0.9m | ▲ 64.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.01m | €0.01m | €0.003m | €0.004m | ▲ 27.5% |
| Financial debts43 | - | - | - | €0.2m | €0.1m | €0.2m | €0.05m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0.2m | €0.1m | €0.2m | €0.05m | €0 | ▼ 100% |
| Trade debts44 | €0.4m | €0.3m | €0.2m | €0.1m | €0.1m | €0.2m | €0.3m | €0.4m | ▲ 26.4% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.2m | €0.3m | €0.4m | ▲ 26.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 40.9% |
| Taxes450/3 | - | - | - | €0.1m | €0.07m | €0.08m | €0.09m | €0.04m | ▼ 60.7% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.1m | €0.1m | €0.09m | €0.07m | ▼ 21.2% |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.009m | €0.03m | €0.02m | €0.4m | ▲ 1,603% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.002m | €0.01m | €0.002m | €0.004m | ▲ 153% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€541,921 | €248,937 | -€104,169 | €229,460 | €29,606 | -€92,480 | €77,139 | €704,734 | ▲ 814% |
| + Depreciation and write-downs630 | €70,962 | €27,793 | €24,182 | €16,107 | €23,803 | €58,825 | €76,135 | €48,698 | ▼ 36.0% |
| Operating cash flow (approximation) | -€470,958 | €276,731 | -€79,987 | €245,567 | €53,409 | -€33,655 | €153,273 | €753,431 | ▲ 392% |
| Investment in fixed assets (approximation) | - | €88,428 | -€6,781 | -€24,862 | -€31,635 | -€193,686 | -€12,542 | -€150,792 | ▼ 1,102% |
| Change in cash | - | €161,094 | -€169,508 | €88,618 | €3,922 | -€79,716 | €85,456 | €592,314 | ▲ 593% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Directors
Board 2
Permanent representatives 2
Not every act has been read: a resignation may be missing here
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ASDD Management |
|
| NDD Advisory |
|
| Anne-Sophie de Decker |
|
| Nicolas de Decker |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
04-02
State Gazette act
Resignations: Anne-Sophie de Decker (director) and Nicolas de Decker (director)Appointments: ASDD Management (director) and NDD Advisory (director) · Permanent representatives: Anne-Sophie de Decker and Nicolas de Decker · Director discharge9 facts ▸
- General meeting, 01-12-2025
- Director resignation, Anne-Sophie de Decker (director)
- Director resignation, Nicolas de Decker (director)
- Director appointment, ASDD Management (director)
- Director appointment, NDD Advisory (director)
- Permanent representative, Anne-Sophie de Decker (permanent representative)
- Permanent representative, Nicolas de Decker (permanent representative)
- Director discharge, Anne-Sophie de Decker (director)
- Director discharge, Nicolas de Decker (director)
Show earlier events
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 8 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006D0192/00L000 | Wallonia | 2,923 m² | 1 · 776 m² | 7.8 m · 2 fl. |