Active BE 0435.755.870Public limited companyOpen bankruptcy

DECO-ENGINEERING

Slingerweg 39 ·3600 Genk, Belgium· 37 yrs active

Sector: Head offices & management consulting (70200)

Conclusion Checked

A bankruptcy procedure is open for DECO-ENGINEERING according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €130k and a net result of €-27k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€130k
Net result	€-27k
Staff (FTE)	2
Better than sector	23%

Snowflake analysis 5 of 5 axes measured · computed by Checked

12 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 33

Solvency 7

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 administrative flags

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 28-01-2021 with the NBB · fiscal year 2020 · verkort

RevenueOperating resultNet result

Sector comparison

Fiscal year 2020 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	11.0%	42.3%	better than 23% of 440 sector peers
Net result	€-104k	€15k	better than 10% of 441 sector peers
Equity	€130k	€226k	better than 40% of 441 sector peers
Gross operating margin	€263k	€65k	better than 78% of 440 sector peers
Employees (FTE)	2.0	2.6	better than 45% of 121 sector peers

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

Revenue

€384k

-19.8% 19-20

EBITDA

€76k

-39.4% 19-20

Net profit

€-27k

- 19-20

Cash flow

€196k

-20.5% 19-20

Total assets

€1.18M

-22.0% 19-20

Equity

€130k

-44.3% 19-20

Working capital

€-257k

+7.8% 19-20

Employees (FTE)

2

0.0% 19-20

Income taxes

€4k

+80.3% 19-20

Debt

€1.03M

-14.1% 19-20

Debt ≤ 1y

€442k

-23.7% 19-20

Debt > 1y

€591k

-5.0% 19-20

Current ratio

0.42

-19.3% 19-20

Quick ratio

0.42

-19.3% 19-20

Solvency

11.0%

-28.6% 19-20

Debt / equity

4.54

+70.5% 19-20

ROE

-20.5%

- 19-20

ROA

-2.3%

- 19-20

Net margin

-7.0%

- 19-20

EBITDA margin

19.8%

-24.4% 19-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	verkort
Revenue	€384k
EBITDA	€76k
Net profit	€-27k
Cash flow	€196k
Staff costs	-
Income taxes	€4k
Dividends	-
Total assets	€1.18M
Equity	€130k
Debt	€1.03M
of which ≤ 1y	€442k
of which > 1y	€591k
Working capital	€-257k
Employees (FTE)	2.0

Ratios (computed)

	2020
Current ratio	0.42
Quick ratio	0.42
Working capital ratio	-21.8%
Solvency	11.0%
Debt / equity	4.54
Long-term debt ratio	4.54
Interest coverage	-
Gross margin	-
Net margin	-7.0%
ROA	-2.3%
ROE	-20.5%
EBITDA margin	19.8%
Days sales outstanding	156d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €994k · 84.3% Current assets €186k · 15.7%

Equity & liabilities

Equity €130k · 11.1% Provisions €16k · 1.3% Debt €1.03M · 87.6%

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	€1.18M
Fixed assets	21/28	€994k
Intangible fixed assets	21	€5k
Tangible fixed assets	22/27	€390k
Financial fixed assets	28	€599k
Current assets	29/58	€186k
Amounts receivable within one year	40/41	€164k
Cash & bank	54/58	€14k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.18M
Equity	10/15	€130k
Contributions / capital	10/11	€99k
Reserves	13	€58k
Accumulated profits (losses)	14	€-27k
Provisions & deferred taxes	16	€16k
Amounts payable	17/49	€1.03M
Amounts payable after one year	17	€591k
Amounts payable within one year	42/48	€442k
Trade debts payable within one year	44	€95k
Income statement
Turnover	70	€384k
Gross operating margin	9900	€263k
Operating result	9901	€-147k
Financial income	75	€27
Financial charges	65	€13k
Result before taxes	9903	€-160k
Income taxes	67/77	€4k
Net result for the period	9904	€-104k
Result to be appropriated	9905	€14k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	TOM ARTS JAARBEURSLAAN 19, 3600 GENK-	15-02-2022 → present	Belgian State Gazette
Curator	GEERT RENIERS JAARBEURSLAAN 19, 3600 GENK ↔ Also on 129 other cases	15-02-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Head offices & management consulting(70200)
Legal form	Public limited company(014)
Incorporation	15-11-1988
Status	Active
Postal code	3600
First BS signal	22-02-2022
Latest BS signal	22-02-2022

Company structure, linked entities2 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

Slingerweg 39, 3600 Genk

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

since 19882.229.160.760

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 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71304E0727/00X009	Flanders	2.5 ha	1 · 375 m²	8.3 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 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.

2022

22-02-2022

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Tongeren · DECO-ENGINEERING NV SLINGERWEG 39, 3600 GENK · event 15-02-2022

2021

28-01-2021