V Decor
ActiveSummary
V Decor has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135,885 and a net result of -€6,425. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 12.1 against 5.37 in 2024; short-term debt: 5.9% and cash: 65.7% of total assets), and 5.9% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-04-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
2 d early
2023
23 d early
2022
5 d early
2021
3 d early
2020
3 d early
2019
2 d early
← 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 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€135,885▼ 4.5%
2024 · €142,310
Total assets
€144,424▼ 12.6%
2024 · €165,211
Net result
-€6,425▼ 2,876%
2024 · -€216
Working capital
€94,765▼ 5.4%
2024 · €100,175
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€69,191▲ 820%€29,033▼ 58.0%€5,966▼ 79.4%€711▼ 88.1%-€5,668
Net result€63,112above the sector's middle half▲ 1,109%€19,671within the sector's middle half▼ 68.8%€3,517within the sector's middle half▼ 82.1%-€216within the sector's middle half-€6,425below the sector's middle half▼ 2,876%
Equity€119,337above the sector's middle half▲ 112%€139,008above the sector's middle half▲ 16.5%€142,526above the sector's middle half▲ 2.5%€142,310above the sector's middle half▼ 0.2%€135,885above the sector's middle half▼ 4.5%
Total assets€149,316within the sector's middle half▲ 23.0%€160,022within the sector's middle half▲ 7.2%€158,765within the sector's middle half▼ 0.8%€165,211within the sector's middle half▲ 4.1%€144,424within the sector's middle half▼ 12.6%
Debt€29,979▼ 54.0%€21,014▼ 29.9%€16,240▼ 22.7%€22,901▲ 41.0%€8,540▼ 62.7%
Working capital€70,330within the sector's middle half€93,491above the sector's middle half▲ 32.9%€99,141above the sector's middle half▲ 6.0%€100,175above the sector's middle half▲ 1.0%€94,765above the sector's middle half▼ 5.4%
Solvency79.9%above the sector's middle half▲ 33.6pp86.9%above the sector's middle half▲ 6.9pp89.8%above the sector's middle half▲ 2.9pp86.1%above the sector's middle half▼ 3.6pp94.1%above the sector's middle half▲ 7.9pp
Current ratio3.35above the sector's middle half▲ 2.375.45above the sector's middle half▲ 2.107.10above the sector's middle half▲ 1.665.37above the sector's middle half▼ 1.7312.10above the sector's middle half▲ 6.72
Return on assets (ROA)42.3%above the sector's middle half▲ 38.0pp12.3%above the sector's middle half▼ 30.0pp2.2%within the sector's middle half▼ 10.1pp-0.1%within the sector's middle half▼ 2.3pp-4.4%below the sector's middle half▼ 4.3pp
Staff (FTE)1=1=1=1=0.7▼ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail 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 €5,668 after €711 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144,424
Fixed assets
€41,120 ▼ 2.4%
Current assets
€103,304 ▼ 16.1%
Equity and liabilities €144,424
Equity
€135,885 ▼ 4.5%
Debt
€8,540 ▼ 62.7%
Debt's share of the balance-sheet total falls from 13.9% to 5.9%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.06▼
2024 · 0.16
ROE
-4.7%▼
2024 · -0.2%
Debt ≤ 1 year
€8,540▼
2024 · €22,901
Staff costs
€28,219▼
2024 · €44,506
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 12,321 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 | - | - | - | - | €3,135 | - |
| Remuneration, social security and pensions62 | €39,420 | €42,625 | €40,924 | €44,506 | €28,219 | ▼ 36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,606 | €5,240 | €2,133 | €1,250 | - | - |
| Other operating charges640/8 | €3,759 | €4,571 | €4,812 | €5,089 | €5,040 | ▼ 1.0% |
| Gross operating margin9900 | €120,975 | €81,469 | €53,836 | €51,556 | €27,591 | ▼ 46.5% |
| Operating profit (loss)9901 | €69,191 | €29,033 | €5,966 | €711 | -€5,668 | ▼ 897% |
| Financial income75/76B | €252 | €996 | €1,600 | €1,045 | €1,718 | ▲ 64.4% |
| Recurring financial income75 | €252 | €996 | €1,600 | €1,045 | €1,718 | ▲ 64.4% |
| Financial charges65/66B | €2,508 | €2,499 | €2,537 | €1,867 | €2,475 | ▲ 32.5% |
| Recurring financial charges65 | €2,508 | €2,499 | €2,537 | €1,867 | €2,475 | ▲ 32.5% |
| Profit (loss) for the period before taxes9903 | €66,935 | €27,530 | €5,030 | -€112 | -€6,425 | ▼ 5,660% |
| Income taxes67/77 | €3,823 | €7,859 | €1,513 | €104 | - | - |
| Profit (loss) for the period9904 | €63,112 | €19,671 | €3,517 | -€216 | -€6,425 | ▼ 2,876% |
| Transfer from tax-exempt reserves789 | - | €12,570 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €63,112 | €32,242 | €3,517 | -€216 | -€6,425 | ▼ 2,876% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €149,316 | €160,022 | €158,765 | €165,211 | €144,424 | ▼ 12.6% |
| Fixed assets21/28 | €49,008 | €45,518 | €43,385 | €42,135 | €41,120 | ▼ 2.4% |
| Tangible fixed assets22/27 | €48,958 | €45,468 | €43,335 | €42,085 | €41,071 | ▼ 2.4% |
| Land and buildings22 | €42,417 | €41,071 | €41,071 | €41,071 | €41,071 | = |
| Plant, machinery and equipment23 | €6,181 | €4,289 | €2,265 | €1,015 | - | - |
| Furniture and vehicles24 | €360 | €108 | - | - | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €100,308 | €114,505 | €115,381 | €123,076 | €103,304 | ▼ 16.1% |
| Stocks and contracts in progress3 | €44,267 | €46,124 | €46,210 | €42,273 | - | - |
| Stocks30/36 | €44,267 | €46,124 | €46,210 | €42,273 | - | - |
| Amounts receivable within one year40/41 | €8,314 | €9,166 | €8,363 | €8,237 | €8,235 | = |
| Trade receivables40 | €8,314 | €6,025 | €8,363 | €7,997 | €4,447 | ▼ 44.4% |
| Other amounts receivable41 | - | €3,141 | - | €241 | €3,788 | ▲ 1,473% |
| Current investments50/53 | - | - | - | €50,000 | - | - |
| Cash at bank and in hand54/58 | €46,674 | €57,930 | €58,766 | €21,097 | €94,946 | ▲ 350% |
| Deferred charges and accrued income490/1 | €1,052 | €1,285 | €2,042 | €1,469 | €123 | ▼ 91.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €149,316 | €160,022 | €158,765 | €165,211 | €144,424 | ▼ 12.6% |
| Equity10/15 | €119,337 | €139,008 | €142,526 | €142,310 | €135,885 | ▼ 4.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €57,337 | €77,008 | €80,526 | €80,185 | €80,185 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €12,570 | - | - | - | - | - |
| Distributable reserves133 | €38,567 | €70,808 | €74,326 | €73,985 | €73,985 | = |
| Profit (loss) carried forward14 | - | - | - | €125 | -€6,300 | ▼ 5,136% |
| Amounts payable17/49 | €29,979 | €21,014 | €16,240 | €22,901 | €8,540 | ▼ 62.7% |
| Amounts payable within one year42/48 | €29,979 | €21,014 | €16,240 | €22,901 | €8,540 | ▼ 62.7% |
| Trade debts44 | €10,284 | €10,706 | €7,042 | €12,113 | €1,106 | ▼ 90.9% |
| Suppliers440/4 | €10,284 | €10,706 | €7,042 | €12,113 | €1,106 | ▼ 90.9% |
| Taxes, remuneration and social security45 | €19,695 | €10,309 | €9,197 | €10,787 | €7,434 | ▼ 31.1% |
| Taxes450/3 | €11,732 | €5,679 | €6,690 | €6,852 | €7,089 | ▲ 3.5% |
| Remuneration and social security454/9 | €7,963 | €4,630 | €2,507 | €3,936 | €344 | ▼ 91.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,112 | €19,671 | €3,517 | -€216 | -€6,425 | ▼ 2,876% |
| + Depreciation and write-downs630 | €8,606 | €5,240 | €2,133 | €1,250 | - | - |
| Operating cash flow (approximation) | €71,718 | €24,911 | €5,650 | €1,034 | -€6,425 | ▼ 721% |
| Investment in fixed assets (approximation) | - | -€1,750 | €0 | €0 | €1,015 | - |
| Change in cash | - | €11,256 | €836 | -€37,669 | €73,849 | ▲ 296% |
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
26-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€6,425
Net result drops to -€6,425, the lowest in the series.
30-09
Financial
Liquidity doublescurrent ratio 12.10
Current ratio from 5.37 to 12.10; short-term debt falls from €22,901 to €8,540.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €63,112 ▲1,109%
Operating result €69,191, net result €63,112, both a record.
30-09
Financial
Liquidity triplescurrent ratio 3.35
Current ratio from 0.98 to 3.35; short-term debt falls from €65,209 to €29,979.
30-09
Financial
Equity above €100,000Eq €119,337 ▲112%
4 profitable years in a row build equity to €119,337.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Menen · 1 establishment unit since 1995
Ground area
1,309 m²
Building footprint
532 m²
Volume, LiDAR
2,073 m³
Parcel 34032B0043/00X002, Flanders · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
V DECOR
since 19952.072.192.687
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34032B0043/00X002 | Flanders | 1,309 m² | 1 · 532 m² | 5.2 m · 1 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.
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,288. 927 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-04-1995
Fiscal year end30-09
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
43332Laying of wooden floor and wall coverings
47530Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454851113
Also
9925:BE0454851113
Registered
27-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.