West Decor
ActiveSummary
West Decor has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.79M and a net result of €1.02M. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 1034 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €400k at 30 days acceptable
Liquidity ample (current ratio 7.41 against 5.61 in 2024; short-term debt: 12.4% and cash: 12.8% of total assets), and 13.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.9%
Return on assets
18.4%
Age of the figures
18 mo
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 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
29 d late
2022
14 d late
2021
9 d late
2020
16 d late
2019
12 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.79M▲ 26.9%
2024 · €3.78M
2019: €3.55M
2020: €3.14M▼ -11.5% vs 2019
2021: €4.12M▲ +31.2% vs 2020
2022: €1.78M▼ -56.6% vs 2021lowest in 7 years
2023: €2.90M▲ +62.3% vs 2022
2024: €3.78M▲ +30.4% vs 2023
2025: €4.79M▲ +26.9% vs 2024highest in 7 years
2019 → 2025
Total assets
€5.51M▲ 22.3%
2024 · €4.51M
2019: €4.34M
2020: €3.97M▼ -8.5% vs 2019
2021: €4.88M▲ +22.7% vs 2020
2022: €2.58M▼ -47.1% vs 2021lowest in 7 years
2023: €4.06M▲ +57.5% vs 2022
2024: €4.51M▲ +10.9% vs 2023
2025: €5.51M▲ +22.3% vs 2024highest in 7 years
2019 → 2025
Net result
€1.02M▲ 15.4%
2024 · €880k
2019: €694k
2020: €591k▼ -14.8% vs 2019lowest in 7 years
2021: €1.08M▲ +82.4% vs 2020
2022: €671k▼ -37.8% vs 2021
2023: €1.11M▲ +65.9% vs 2022highest in 7 years
2024: €880k▼ -20.9% vs 2023
2025: €1.02M▲ +15.4% vs 2024
2019 → 2025
Working capital
€4.37M▲ 33.5%
2024 · €3.28M
2019: €3.35M
2020: €2.91M▼ -13.2% vs 2019
2021: €3.91M▲ +34.7% vs 2020
2022: €1.60M▼ -59.2% vs 2021lowest in 7 years
2023: €2.30M▲ +44.0% vs 2022
2024: €3.28M▲ +42.4% vs 2023
2025: €4.37M▲ +33.5% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.12M-€1.78M▼ 56.6%€2.90M▲ 62.3%€3.78M▲ 30.4%€4.79M▲ 26.9%
2021: €4.12M
2022: €1.78M▼ -56.6% vs 2021lowest in 5 years
2023: €2.90M▲ +62.3% vs 2022
2024: €3.78M▲ +30.4% vs 2023
2025: €4.79M▲ +26.9% vs 2024highest in 5 years
Operating result€1.44M-€898k▼ 37.5%€1.48M▲ 64.8%€1.17M▼ 20.7%€1.19M▲ 1.6%
2021: €1.44M
2022: €898k▼ -37.5% vs 2021lowest in 5 years
2023: €1.48M▲ +64.8% vs 2022highest in 5 years
2024: €1.17M▼ -20.7% vs 2023
2025: €1.19M▲ +1.6% vs 2024
Net result€1.08M-€671k▼ 37.8%€1.11M▲ 65.9%€880k▼ 20.9%€1.02M▲ 15.4%
2021: €1.08M
2022: €671k▼ -37.8% vs 2021lowest in 5 years
2023: €1.11M▲ +65.9% vs 2022highest in 5 years
2024: €880k▼ -20.9% vs 2023
2025: €1.02M▲ +15.4% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.51M
Fixed assets
€458k ▼ 12.1%
Current assets
€5.05M ▲ 26.8%
Equity and liabilities €5.51M
Equity
€4.79M ▲ 26.9%
Debt
€720k ▼ 1.4%
Debt's share of the balance-sheet total falls from 16.2% to 13.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.36M▲
2024 · €1.31M
Cash flow
€1.18M▲
2024 · €1.02M
Current ratio
7.41▲
2024 · 5.61
Quick ratio
6.67▲
2024 · 4.91
Debt to equity
0.15▼
2024 · 0.19
ROE
21.2%▼
2024 · 23.3%
ROA
18.4%▼
2024 · 19.5%
Interest coverage
143.62▼
2024 · 214.05
Debt ≤ 1 year
€682k▼
2024 · €710k
Debt > 1 year
€38k▲
2024 · €20k
Income taxes
€211k▼
2024 · €311k
Staff costs
€721k▼
2024 · €730k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.51M€5.51M▲
Fixed assets21/28€521k€458k▼
Intangible fixed assets21€258k€192k▼
Tangible fixed assets22/27€263k€266k▲
Plant, machinery and equipment23€193k€175k▼
Furniture and vehicles24€71k€91k▲
Current assets29/58€3.99M€5.05M▲
Stocks and contracts in progress3€499k€505k▲
Stocks30/36€499k€505k▲
Amounts receivable within one year40/41€1.81M€1.54M▼
Trade receivables40€1.15M€1.08M▼
Other amounts receivable41€657k€455k▼
Current investments50/53€1.00M€2.30M▲
Cash at bank and in hand54/58€672k€704k▲
Deferred charges and accrued income490/1€9k€9k▲
Equity and liabilities
Total equity and liabilities10/49€4.51M€5.51M▲
Equity10/15€3.78M€4.79M▲
Contributions10/11€187k€187k=
Capital10€187k€187k=
Issued capital100€187k€187k=
Reserves13€3.59M€4.61M▲
Non-distributable reserves130/1€19k€19k=
Legal reserve130€19k€19k=
Tax-exempt reserves132€2k€423k▲
Distributable reserves133€3.57M€4.16M▲
Amounts payable17/49€730k€720k▼
Amounts payable after more than one year17€20k€38k▲
Financial debts170/4€20k€38k▲
Amounts payable within one year42/48€710k€682k▼
Current portion of amounts payable after more than one year42€43k€30k▼
Trade debts44€423k€444k▲
Suppliers440/4€423k€444k▲
Taxes, remuneration and social security45€243k€183k▼
Taxes450/3€157k€97k▼
Remuneration and social security454/9€86k€87k▲
Other amounts payable47/48€2k€24k▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€730k€721k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€138k€165k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€33k€34k▲
Gross operating margin9900€2.07M€2.11M▲
Operating profit (loss)9901€1.17M€1.19M▲
Financial income75/76B€22k€42k▲
Recurring financial income75€22k€42k▲
Non-recurring financial income76B€0-
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€1.19M€1.23M▲
Income taxes67/77€311k€211k▼
Profit (loss) for the period9904€880k€1.02M▲
Transfer to tax-exempt reserves689-€421k
Profit (loss) for the period to be appropriated9905€880k€595k▼
Appropriation of the result
Profit (loss) to be appropriated9906€880k€595k▼
Transfer to equity691/2€880k€595k▼
To other reserves6921€880k€595k▼
Social balance
Average headcount (FTE)908714.612.6▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6k | €0 | - | €1k | - |
| Remuneration, social security and pensions62 | - | €655k | €775k | €730k | €721k | ▼ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €150k | €148k | €119k | €138k | €165k | ▲ 20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1k | €0 | - | - |
| Other operating charges640/8 | - | €29k | €35k | €33k | €34k | ▲ 5.9% |
| Gross operating margin9900 | €2.28M | €1.73M | €2.41M | €2.07M | €2.11M | ▲ 1.9% |
| Operating profit (loss)9901 | €1.44M | €898k | €1.48M | €1.17M | €1.19M | ▲ 1.6% |
| Financial income75/76B | - | €5k | €8k | €22k | €42k | ▲ 89.5% |
| Recurring financial income75 | €6k | €5k | €7k | €22k | €42k | ▲ 89.5% |
| Non-recurring financial income76B | - | - | €300 | €0 | - | - |
| Financial charges65/66B | - | €5k | €7k | €6k | €9k | ▲ 54.3% |
| Recurring financial charges65 | €7k | €5k | €7k | €6k | €9k | ▲ 54.3% |
| Profit (loss) for the period before taxes9903 | €1.44M | €898k | €1.48M | €1.19M | €1.23M | ▲ 3.0% |
| Income taxes67/77 | €357k | €228k | €369k | €311k | €211k | ▼ 32.1% |
| Profit (loss) for the period9904 | €1.08M | €671k | €1.11M | €880k | €1.02M | ▲ 15.4% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €421k | - |
| Profit (loss) for the period to be appropriated9905 | €1.08M | €671k | €1.11M | €880k | €595k | ▼ 32.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.88M | €2.58M | €4.06M | €4.51M | €5.51M | ▲ 22.3% |
| Fixed assets21/28 | €295k | €282k | €659k | €521k | €458k | ▼ 12.1% |
| Intangible fixed assets21 | - | - | €324k | €258k | €192k | ▼ 25.6% |
| Tangible fixed assets22/27 | €295k | €282k | €335k | €263k | €266k | ▲ 1.0% |
| Plant, machinery and equipment23 | - | €197k | €220k | €193k | €175k | ▼ 9.3% |
| Furniture and vehicles24 | - | €85k | €115k | €71k | €91k | ▲ 29.3% |
| Current assets29/58 | €4.58M | €2.30M | €3.40M | €3.99M | €5.05M | ▲ 26.8% |
| Stocks and contracts in progress3 | €528k | €579k | €598k | €499k | €505k | ▲ 1.3% |
| Stocks30/36 | - | €579k | €598k | €499k | €505k | ▲ 1.3% |
| Amounts receivable within one year40/41 | €1.62M | €1.37M | €1.50M | €1.81M | €1.54M | ▼ 15.0% |
| Trade receivables40 | - | €932k | €1.19M | €1.15M | €1.08M | ▼ 6.0% |
| Other amounts receivable41 | - | €433k | €309k | €657k | €455k | ▼ 30.7% |
| Current investments50/53 | - | - | - | €1.00M | €2.30M | ▲ 130% |
| Cash at bank and in hand54/58 | €2.42M | €346k | €1.30M | €672k | €704k | ▲ 4.8% |
| Deferred charges and accrued income490/1 | - | €7k | €8k | €9k | €9k | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.88M | €2.58M | €4.06M | €4.51M | €5.51M | ▲ 22.3% |
| Equity10/15 | €4.12M | €1.78M | €2.90M | €3.78M | €4.79M | ▲ 26.9% |
| Contributions10/11 | €187k | €187k | €187k | €187k | €187k | = |
| Capital10 | - | €187k | €187k | €187k | €187k | = |
| Issued capital100 | - | €187k | €187k | €187k | €187k | = |
| Reserves13 | €3.93M | €1.60M | €2.71M | €3.59M | €4.61M | ▲ 28.3% |
| Non-distributable reserves130/1 | - | €19k | €19k | €19k | €19k | = |
| Legal reserve130 | - | €19k | €19k | €19k | €19k | = |
| Reserves not available under the articles1311 | - | €156 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €2k | €2k | €2k | €423k | ▲ 22,644% |
| Distributable reserves133 | - | €1.58M | €2.69M | €3.57M | €4.16M | ▲ 16.7% |
| Profit (loss) carried forward14 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €760k | €795k | €1.17M | €730k | €720k | ▼ 1.4% |
| Amounts payable after more than one year17 | €92k | €95k | €63k | €20k | €38k | ▲ 90.4% |
| Financial debts170/4 | - | €95k | €63k | €20k | €38k | ▲ 90.4% |
| Amounts payable within one year42/48 | €668k | €699k | €1.10M | €710k | €682k | ▼ 4.0% |
| Current portion of amounts payable after more than one year42 | - | €95k | €83k | €43k | €30k | ▼ 28.9% |
| Trade debts44 | €325k | €385k | €706k | €423k | €444k | ▲ 4.8% |
| Suppliers440/4 | - | €385k | €706k | €423k | €444k | ▲ 4.8% |
| Taxes, remuneration and social security45 | - | €193k | €313k | €243k | €183k | ▼ 24.4% |
| Taxes450/3 | - | €155k | €225k | €157k | €97k | ▼ 38.2% |
| Remuneration and social security454/9 | - | €38k | €87k | €86k | €87k | ▲ 0.8% |
| Other amounts payable47/48 | - | €26k | €2k | €2k | €24k | ▲ 1,378% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.08M | €671k | €1.11M | €880k | €1.02M | ▲ 15.4% |
| + Depreciation and write-downs630 | €150k | €148k | €119k | €138k | €165k | ▲ 20.0% |
| Operating cash flow (approximation) | €1.23M | €818k | €1.23M | €1.02M | €1.18M | ▲ 16.0% |
| Investment in fixed assets (approximation) | - | €-135k | €-496k | €0 | €-102k | - |
| Change in cash | - | €-2.08M | €956k | €-630k | €32k | ▲ 105% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
31-03
Financial
Highest result since 2019net €1.11M ▲65.9%
Operating result €1.48M, net result €1.11M, both a record.
31-03
Financial
Equity above €2MEq €2.90M ▲62.3%
5 profitable years in a row build equity to €2.90M.
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 14 days late
2021
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 16 days late
31-03
Financial
Weakest financial yearnet €591k ▼14.8%
Net result drops to €591k, the lowest in the series; recovery starts the following year.
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2016
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Deerlijk · 1 establishment unit since 1967
Ground area
1.7 ha
Building footprint
6,059 m²
Volume, LiDAR
46,608 m³
Parcel 34392C0238/00G000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
West-Decor
since 19672.039.038.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34392C0238/00G000 | Flanders | 1.7 ha | 1 · 6,059 m² | 12.4 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 367 EUR awarded · 367 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 367 EUR | 367 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 710 companies in sector 25510 we hold annual accounts for 409. 164 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
Founded05-10-1967
Fiscal year end31-03
Activities, NACEBEL 2025
25510Coating of metals
32990Other manufacturing not elsewhere classified
23700Cutting, shaping and finishing of stone
46499Wholesale of other household goods
96302Personal service activities
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
2 convocationsGeneral meeting
Agenda
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC11300027/ 04.09) (29651) Places vacantes Openstaande betrekkingen Centre public d’Action sociale d’Uccle LE CENTRE PUBLIC D’ACTION SOCIALE D’UCCLE organisera prochainement un examen en vue du recrutement de DEUX SECRETAIRES D’ADMINISTRATION (M/F)
General meeting
Agenda
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-12-01096/ 05.09) (29523) Gerechtelijke akten en uittreksels uit vonnissen Actes judiciaires et extraits de jugements Bekendmaking gedaan overeenkomstig artikel 488bis e, § 1 van het Burgerlijk Wetboek Publication faite en exécution de l’article 488bis e, § 1er du Code civil Aanstelling voorlopig bewindvoerder Désignation d’administrateur provisoire Vredegerecht van het eerste kanton Antwerpen Bij vonnis van de Vrederechter van het eerste kanton Antwerpen, verleend op 23 augustus 2012, werd vastgesteld dat MAES, Jean, geboren op 13 november 1926, wonende te 2060 ANTWERPEN, School- straat 29, ver ...