VANDENBROUCKE-DECORTE

Active

Private limited companyfounded 200620 yrs activeAlbert I laan 173, 8620 Nieuwpoort, BelgiumKBO/BCE: BE 0880.242.336

VANDENBROUCKE-DECORTE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €265k and a net result of €27k. Equity is shrinking by ~26% per year across the filed fiscal years. Its solvency ranks better than 55% of 2197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

61 / 100

Healthy▲ +1 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability52▲+52

Solvency66▼-33

Growth32=

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €16k at 30 days acceptable

Liquidity short (current ratio 0.82 against 3.07 in 2024), and 52.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

47.4%

Return on assets

4.9%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

on the day

2024

113 d early

2023

6 d late

2022

23 d late

2021

31 d late

2020

31 d late

2019

59 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

06-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€265k▼ 23.8%

2024 · €348k

2021: €686k 2022: €735k 2023: €515k 2024: €348k

2021 → 2025

Total assets

€560k▼ 1.5%

2024 · €568k

2021: €847k 2022: €1.00M 2023: €719k 2024: €568k

2021 → 2025

Net result

€27k

2024 · €-45k

2021: €126k 2022: €49k 2023: €-50k 2024: €-45k

2021 → 2025

Working capital

€-42k

2024 · €334k

2021: €549k 2022: €604k 2023: €409k 2024: €334k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€686k-€735k▲ 7.1%€515k▼ 29.9%€348k▼ 32.4%€265k▼ 23.8%

Operating result€171k-€55k▼ 67.7%€-79k€-74k▲ 5.8%€22k

Net result€126k-€49k▼ 61.5%€-50k€-45k▲ 11.0%€27k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €22k after a loss of €74k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €560k

65.4%

34.6%

Fixed assets €366k▲ 400%

Current assets €194k▼ 60.9%

Equity and liabilities €560k

47.4%

52.6%

Equity €265k▼ 23.8%

Debt €294k▲ 33.8%

The debt ratio rises from 38.7% to 52.6%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€41k▲

2024 · €-58k

Cash flow

€46k▲

2024 · €-28k

Solvency

47.4%▼

2024 · 61.3%

Current ratio

0.82▼

2024 · 3.07

Quick ratio

0.82▼

2024 · 3.07

Debt / equity

1.11▲

2024 · 0.63

ROE

10.3%▲

2024 · -12.8%

ROA

4.9%▲

2024 · -7.8%

Interest coverage

3.00▲

2024 · -7.07

Debt

€294k▲

2024 · €220k

Debt ≤ 1 year

€236k▲

2024 · €161k

Debt > 1 year

€43k▼

2024 · €48k

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

Total assets 20/58€568k€560k▼

Fixed assets 21/28€73k€366k▲

Tangible fixed assets 22/27€73k€366k▲

Financial fixed assets 28€326€326=

Current assets 29/58€495k€194k▼

Amounts receivable within one year 40/41€439k€178k▼

Cash & bank 54/58€55k€15k▼

Total equity & liabilities 10/49€568k€560k▼

Equity 10/15€348k€265k▼

Contributions / capital 10/11€19k€19k=

Reserves 13€422k€312k▼

Accumulated profits (losses) 14€-93k€-65k▲

Amounts payable 17/49€220k€294k▲

Amounts payable after one year 17€48k€43k▼

Amounts payable within one year 42/48€161k€236k▲

Trade debts payable within one year 44€5k€19k▲

Income statement Code20242025

Gross operating margin 9900€11k€42k▲

Operating result 9901€-74k€22k▲

Financial income 75€38k€18k▼

Financial charges 65€8k€14k▲

Result before taxes 9903€-45k€27k▲

Income taxes 67/77€0-

Net result for the period 9904€-45k€27k▲

Result to be appropriated 9905€-45k€27k▲

Timeline · acts, filings and financial milestones

All 14Financial 2Gazette 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Back to profitnet €27k

Net result €27k after 2 loss-making years.

09-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

06-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 6 days late

2023

31-12

Financial Weakest financial yearnet €-50k ▼203%

Net result drops to €-50k, the lowest in the series; recovery starts the following year.

13-12

State Gazette act Director changes

Stephan MOURISSE

23-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 23 days late

23-02

State Gazette act Director changes

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 31 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 31 days late

2020

28-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 59 days late

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 29 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 30 days late

2017

23-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 23 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

2 of 3 acts read

About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not 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

2 directors, last change in 2023

DECORTE Elke Denise Esther

Non-statutory director · since 13-12-2023

Current

13-12-2023 DECORTE Elke Denise Esther: Appointed as Non-statutory director

01-12-2022 Vandenbroucke-Decorte BV: Appointed as Permanent representative

01-01-2020 VANDENBROUCKE Eddy: Resigned as Manager

Not every act has been read: a resignation may be missing here

1 of this company's 3 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Nieuwpoort · 1 establishment unit since 2006

approximate (street level) On OpenStreetMap

Ground area

1,641 m²

Building footprint

240 m²

Volume, LiDAR

1,490 m³

Parcel 38402D0472/00S009, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

VANDENBROUCK-DECORTE