Active BE 0457.642.832Private limited company (pre-2019)Open bankruptcy

DECEVE

Toevluchtweg 9 ·8620 Nieuwpoort, Belgium· 30 yrs active

Sector: Specialised construction (43990)

Conclusion Checked

A bankruptcy procedure is open for DECEVE according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-297k) and a net result of €-378k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-297k
Net result	€-378k
Staff (FTE)	6.5
Better than sector	5%

Snowflake analysis 5 of 5 axes measured · computed by Checked

19 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 33

Solvency 41

Growth 22

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2020 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 31-08-2021 with the NBB · fiscal year 2020 · verkort

RevenueOperating resultNet result

Sector comparison

Fiscal year 2020 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-26.6%	29.8%	better than 5% of 430 sector peers
Net result	€-378k	€24k	better than 5% of 430 sector peers
Equity	€-297k	€201k	better than 5% of 430 sector peers
Gross operating margin	€22k	€307k	better than 11% of 429 sector peers
Employees (FTE)	6.5	6.5	better than 50% of 317 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€1.59M

-26.5% 18-20

EBITDA

€-311k

- 18-20

Net profit

€-378k

- 18-20

Cash flow

€-338k

- 18-20

Total assets

€1.11M

+3.0% 18-20

Equity

€-297k

- 18-20

Working capital

€-198k

- 18-20

Employees (FTE)

7

-23.5% 18-20

Income taxes

€2k

-6.0% 18-20

Debt

€1.41M

+41.1% 18-20

Debt ≤ 1y

€1.14M

+40.0% 18-20

Debt > 1y

€273k

+46.7% 18-20

Current ratio

0.83

-19.0% 18-20

Quick ratio

0.63

-17.8% 18-20

Solvency

-26.6%

- 18-20

Debt / equity

-0.92

- 18-20

ROE

127.5%

+1502.2% 18-20

ROA

-34.0%

- 18-20

Net margin

-23.7%

- 18-20

EBITDA margin

-19.5%

- 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	verkort
Revenue	€1.59M
EBITDA	€-311k
Net profit	€-378k
Cash flow	€-338k
Staff costs	-
Income taxes	€2k
Dividends	-
Total assets	€1.11M
Equity	€-297k
Debt	€1.41M
of which ≤ 1y	€1.14M
of which > 1y	€273k
Working capital	€-198k
Employees (FTE)	6.5

Ratios (computed)

	2020
Current ratio	0.83
Quick ratio	0.63
Working capital ratio	-17.7%
Solvency	-26.6%
Debt / equity	-0.92
Long-term debt ratio	-0.92
Interest coverage	-
Gross margin	-
Net margin	-23.7%
ROA	-34.0%
ROE	127.5%
EBITDA margin	-19.5%
Days sales outstanding	57d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €174k · 15.6% Current assets €940k · 84.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.11M
Fixed assets	21/28	€174k
Intangible fixed assets	21	€955
Tangible fixed assets	22/27	€170k
Financial fixed assets	28	€2k
Current assets	29/58	€940k
Stocks & contracts in progress	3	€228k
Amounts receivable within one year	40/41	€250k
Cash & bank	54/58	€18k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.11M
Equity	10/15	€-297k
Reserves	13	€63k
Accumulated profits (losses)	14	€-378k
Amounts payable	17/49	€1.41M
Amounts payable after one year	17	€273k
Amounts payable within one year	42/48	€1.14M
Trade debts payable within one year	44	€356k
Income statement
Turnover	70	€1.59M
Gross operating margin	9900	€22k
Operating result	9901	€-351k
Financial income	75	€19
Financial charges	65	€26k
Result before taxes	9903	€-377k
Income taxes	67/77	€2k
Net result for the period	9904	€-378k
Result to be appropriated	9905	€-378k

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Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	LUTGART GODDERIS ALBERT I LAAN 8, 8630 VEURNE	21-09-2021 → present	Belgian State Gazette
Curator	JEAN MARIE VERSCHELDEN DANIEL DE HAENELAAN 30, 8630 VEURNE- jean-	21-09-2021 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43990)
Legal form	Private limited company (pre-2019)(015)
Incorporation	05-04-1996
Status	Active
Postal code	8620
First BS signal	27-09-2021
Latest BS signal	27-09-2021

Company structure, linked entities2 linked entities

Mandates

Establishment units 1 location

DECEVE

Toevluchtweg 9a, 8620 Nieuwpoorthet snoeien van bomen en heggen.

since 19962.076.234.025

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
38021B0298/00T000	Flanders	2,161 m²	1 · 978 m²	7.3 m · 2 fl.
38021B0298/00S000	Flanders	1,726 m²	1 · 498 m²	8.8 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2021

27-09-2021

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Veurne · DECEVE BV TOEVLUCHTWEG 9A, 8620 NIEUWPOORT · event 21-09-2021

31-08-2021