VM DECO
ActiveSummary
The computed 12-month bankruptcy probability of VM DECO is 2.3% (moderate). The 2024 annual accounts show equity of €17,085 and a net result of €4,736. Equity is shrinking by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 26049 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability39▲+36
Solvency33▼-2
Growth32=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.98 in 2023; short-term debt: 91.8% and cash: 39.3% of total assets), and 91.8% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
8.2%
Return on assets
2.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
5 d early
2022
90 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 37 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€17,085▲ 38.4%
2023 · €12,348
Total assets
€209,328▲ 64.9%
2023 · €126,970
Net result
€4,736
2023 · -€15,779
Working capital
€3,139
2023 · -€1,971
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
Line202220232024
Operating result€23,765--€12,562€9,471
Net result€18,128within the sector's middle half--€15,779below the sector's middle half€4,736within the sector's middle half
Equity€28,128within the sector's middle half-€12,348within the sector's middle half▼ 56.1%€17,085within the sector's middle half▲ 38.4%
Total assets€166,725within the sector's middle half-€126,970within the sector's middle half▼ 23.8%€209,328within the sector's middle half▲ 64.9%
Debt€138,597-€114,622▼ 17.3%€192,243▲ 67.7%
Working capital€24,828within the sector's middle half--€1,971within the sector's middle half€3,139within the sector's middle half
Solvency16.9%within the sector's middle half-9.7%within the sector's middle half▼ 7.1pp8.2%within the sector's middle half▼ 1.6pp
Current ratio1.18within the sector's middle half-0.98within the sector's middle half▼ 0.201.02within the sector's middle half▲ 0.03
Return on assets (ROA)10.9%within the sector's middle half--12.4%below the sector's middle half▼ 23.3pp2.3%within the sector's middle half▲ 14.7pp
Staff (FTE)0.5-1.1▲ 120%1.3▲ 18.2%
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 returns to profit in 2024: €9,471 after a loss of €12,562 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €209,328
Fixed assets
€13,946 ▼ 2.6%
Current assets
€195,381 ▲ 73.4%
Equity and liabilities €209,328
Equity
€17,085 ▲ 38.4%
Debt
€192,243 ▲ 67.7%
Debt's share of the balance-sheet total rises from 90.3% to 91.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,496▲
2023 · -€11,331
Cash flow
€6,762▲
2023 · -€14,549
Quick ratio
0.72▲
2023 · 0.61
Debt to equity
11.25▲
2023 · 9.28
ROE
27.7%▲
2023 · -127.8%
Interest coverage
2.11▲
2023 · -3.65
Debt ≤ 1 year
€192,243▲
2023 · €114,622
Income taxes
€216▲
2023 · €111
Staff costs
€54,503▲
2023 · €42,109
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
4.9%
went bankrupt
2.0%
stopped otherwise
92%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 2,136 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €12,768 | €42,109 | €54,503 | ▲ 29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €151 | €1,230 | €2,025 | ▲ 64.6% |
| Other operating charges640/8 | €563 | €729 | €1,429 | ▲ 96.1% |
| Non-recurring operating charges66A | - | €3,959 | - | - |
| Gross operating margin9900 | €37,248 | €35,465 | €67,428 | ▲ 90.1% |
| Operating profit (loss)9901 | €23,765 | -€12,562 | €9,471 | ▲ 175% |
| Financial income75/76B | €216 | €2 | €939 | ▲ 55,463% |
| Recurring financial income75 | €216 | €2 | €939 | ▲ 55,463% |
| Financial charges65/66B | €836 | €3,108 | €5,457 | ▲ 75.6% |
| Recurring financial charges65 | €836 | €3,108 | €5,457 | ▲ 75.6% |
| Profit (loss) for the period before taxes9903 | €23,145 | -€15,668 | €4,952 | ▲ 132% |
| Income taxes67/77 | €5,017 | €111 | €216 | ▲ 94.1% |
| Profit (loss) for the period9904 | €18,128 | -€15,779 | €4,736 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | €18,128 | -€15,779 | €4,736 | ▲ 130% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €166,725 | €126,970 | €209,328 | ▲ 64.9% |
| Fixed assets21/28 | €3,300 | €14,319 | €13,946 | ▼ 2.6% |
| Tangible fixed assets22/27 | €3,300 | €5,319 | €4,946 | ▼ 7.0% |
| Furniture and vehicles24 | €3,300 | €5,319 | €4,946 | ▼ 7.0% |
| Financial fixed assets28 | - | €9,000 | €9,000 | = |
| Current assets29/58 | €163,425 | €112,651 | €195,381 | ▲ 73.4% |
| Stocks and contracts in progress3 | €39,113 | €42,245 | €56,838 | ▲ 34.5% |
| Stocks30/36 | €6,370 | €6,653 | €5,847 | ▼ 12.1% |
| Contracts in progress37 | €32,743 | €35,592 | €50,991 | ▲ 43.3% |
| Amounts receivable within one year40/41 | €4,973 | €7,676 | €46,004 | ▲ 499% |
| Trade receivables40 | €4,973 | €7,676 | €17,444 | ▲ 127% |
| Other amounts receivable41 | - | - | €28,560 | - |
| Cash at bank and in hand54/58 | €114,015 | €50,281 | €82,278 | ▲ 63.6% |
| Deferred charges and accrued income490/1 | €5,324 | €12,450 | €10,260 | ▼ 17.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €166,725 | €126,970 | €209,328 | ▲ 64.9% |
| Equity10/15 | €28,128 | €12,348 | €17,085 | ▲ 38.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €18,128 | €2,348 | €7,085 | ▲ 202% |
| Distributable reserves133 | €18,128 | €2,348 | €7,085 | ▲ 202% |
| Amounts payable17/49 | €138,597 | €114,622 | €192,243 | ▲ 67.7% |
| Amounts payable within one year42/48 | €138,597 | €114,622 | €192,243 | ▲ 67.7% |
| Trade debts44 | €54,390 | €17,138 | €88,371 | ▲ 416% |
| Suppliers440/4 | €54,390 | €17,138 | €88,371 | ▲ 416% |
| Advances received on contracts in progress46 | €59,467 | €63,878 | €74,935 | ▲ 17.3% |
| Taxes, remuneration and social security45 | €24,540 | €32,916 | €28,936 | ▼ 12.1% |
| Taxes450/3 | €23,271 | €21,902 | €15,500 | ▼ 29.2% |
| Remuneration and social security454/9 | €1,270 | €11,015 | €13,436 | ▲ 22.0% |
| Other amounts payable47/48 | €200 | €690 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,128 | -€15,779 | €4,736 | ▲ 130% |
| + Depreciation and write-downs630 | €151 | €1,230 | €2,025 | ▲ 64.6% |
| Operating cash flow (approximation) | €18,279 | -€14,549 | €6,762 | ▲ 146% |
| Investment in fixed assets (approximation) | - | -€12,250 | -€1,652 | ▲ 86.5% |
| Change in cash | - | -€63,734 | €31,998 | ▲ 150% |
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
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4,736
Net result €4,736 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€15,779
Net result drops to -€15,779, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Hasselt · 1 establishment unit since 2022
Ground area
963 m²
Building footprint
574 m²
Volume, LiDAR
3,315 m³
Parcel 71323C0630/00E002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Heytens Hasselt
since 20222.333.723.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0630/00E002 | Flanders | 963 m² | 1 · 574 m² | 9.8 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.
Similar companies · same sector, comparable size
ÜSTÜNSOY TEXTILE
BE 0780.822.185
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Deco-DeKo
BE 0777.967.417
Herk-de-Stad · Eq €18,048
Camborne Interiors
BE 0647.865.473
Antwerpen · Eq €18,235
SEKER
BE 0759.991.931
Gent · Eq €18,238
MATROCON
BE 0840.213.703
Gent · Eq €15,763
Of 531 companies in sector 47530 we hold annual accounts for 323. 178 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
Founded12-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47530Retail trade
47120Other non-specialised retail sale
47552Retail sale of lighting equipment
47553Retail trade
49410Freight transport by road
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788507258
Also
9925:BE0788507258
Registered
18-02-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.