DECASAN
ActiveDECASAN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69k and a net result of €-943. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 17% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
20
/ 100
Critical▼ -16 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-10
Solvency16▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 0.87 in 2023), and 85.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
14.4%
Return on assets
-0.2%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 36378 sector peers (2024).
NBB · sector comparisonPosition among 36378 sector peers
Solvency
better than 17%
← weakest
strongest →
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 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
1 d early
2022
20 d early
2021
31 d late
2020
121 d late
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€69k▼ 1.3%
2023 · €70k
2018: €45k
2019: €56k
2020: €58k
2021: €48k
2022: €68k
2023: €70k
2018 → 2024
Total assets
€480k▼ 8.7%
2023 · €525k
2018: €495k
2019: €533k
2020: €517k
2021: €622k
2022: €694k
2023: €525k
2018 → 2024
Net result
€-943
2023 · €1k
2018: €28k
2019: €12k
2020: €1k
2021: €-10k
2022: €21k
2023: €1k
2018 → 2024
Working capital
€-43k▼ 63.4%
2023 · €-27k
2018: €40k
2019: €-4k
2020: €-15k
2021: €-38k
2022: €-13k
2023: €-27k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€58k-€48k▼ 17.0%€68k▲ 43.1%€70k▲ 2.0%€69k▼ 1.3%
Operating result€19k-€-20k€37k€15k▼ 58.2%€8k▼ 49.9%
Net result€1k-€-10k€21k€1k▼ 93.4%€-943
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 50% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €480k
Fixed assets
€336k▼ 3.0%
Current assets
€143k▼ 19.8%
Equity and liabilities €480k
Equity
€69k▼ 1.3%
Debt
€411k▼ 9.8%
The debt ratio falls from 86.7% to 85.6%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€18k▼
2023 · €26k
Cash flow
€9k▼
2023 · €12k
Solvency
14.4%▲
2023 · 13.3%
Current ratio
0.77▼
2023 · 0.87
Quick ratio
0.77▼
2023 · 0.87
Debt / equity
5.96▼
2023 · 6.52
ROE
-1.4%▼
2023 · 1.9%
ROA
-0.2%▼
2023 · 0.3%
Interest coverage
1.75▼
2023 · 2.28
Debt
€411k▼
2023 · €455k
Debt ≤ 1 year
€187k▼
2023 · €205k
Debt > 1 year
€224k▼
2023 · €250k
Income taxes
€86▼
2023 · €4k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€525k€480k▼
Fixed assets21/28€346k€336k▼
Tangible fixed assets22/27€346k€336k▼
Land and buildings22€343k€333k▼
Furniture and vehicles24€3k€3k=
Other tangible fixed assets26€0-
Current assets29/58€179k€143k▼
Amounts receivable after more than one year29€135k€137k▲
Other amounts receivable291€135k€137k▲
Amounts receivable within one year40/41€43k€6k▼
Trade receivables40€40k€4k▼
Other amounts receivable41€3k€2k▼
Current investments50/53€32€32=
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€374€618▲
Equity and liabilities
Total equity and liabilities10/49€525k€480k▼
Equity10/15€70k€69k▼
Contributions10/11€19k€19k=
Reserves13€51k€50k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€49k€48k▼
Amounts payable17/49€455k€411k▼
Amounts payable after more than one year17€250k€224k▼
Financial debts170/4€250k€224k▼
Amounts payable within one year42/48€205k€187k▼
Current portion of amounts payable after more than one year42€25k€26k▲
Financial debts43€19k€20k▲
Credit institutions430/8€19k€20k▲
Trade debts44€32k€11k▼
Suppliers440/4€32k€11k▼
Taxes, remuneration and social security45€7k€2k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€122k€128k▲
Income statement
Code20232024
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€27k€19k▼
Operating profit (loss)9901€15k€8k▼
Financial income75/76B€2k€2k=
Recurring financial income75€2k€2k=
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€6k€-857▼
Income taxes67/77€4k€86▼
Profit (loss) for the period9904€1k€-943▼
Profit (loss) for the period to be appropriated9905€1k€-943▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-943▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€943
Transfer to equity691/2€1k€0▼
To other reserves6921€1k€0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-10k ▼858%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Zedelgem · 1 establishment unit since 2003
Ground area
1,916 m²
Building footprint
139 m²
Volume, LiDAR
788 m³
Parcel 31036E0627/00G000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Decatec
since 20032.126.624.436
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31036E0627/00G000 | Flanders | 1,916 m² | 1 · 139 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
MJ TECHNICS
BE 0762.697.538
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Malo Techniek
BE 0650.596.420
Hooglede · Eq €69k
GROUP MICH
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ERIC PUTS
BE 0447.526.425
Lokeren · Eq €69k
Such Developments
BE 0802.650.254
Asse · Eq €69k
Of 9,471 companies in sector 43222 we hold annual accounts for 5,623. 4,741 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-04-2003
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
46842Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
51542
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.