Active BE 0440.792.546Public limited companyOpen bankruptcy

DECOMETA

Slingerweg 39 ·3600 Genk, Belgium· 36 yrs active

Sector: Vervaardiging van niet-verspanende machines voor de metaalbewerking en van gereedschapswerktuigen voor metaalbewerking (28410)

Conclusion Checked

A bankruptcy procedure is open for DECOMETA according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €1.85M and a net result of €679k.

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

Key figures

Equity	€1.85M
Net result	€679k
Staff (FTE)	35
Better than sector	45%

Snowflake analysis 5 of 5 axes measured · computed by Checked

43 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 19

Profitability 63

Solvency 82

Growth 52

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 2021 · computed

19 / 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 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 03-11-2021 with the NBB · fiscal year 2021 · verkort

RevenueOperating resultNet result

Sector comparison

Fiscal year 2021 · NACE 28 · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	41.1%	44.3%	better than 45% of 32 sector peers
Net result	€-115k	€102k	better than 5% of 32 sector peers
Equity	€1.85M	€661k	better than 80% of 32 sector peers
Gross operating margin	€1.83M	€673k	better than 90% of 32 sector peers
Total assets	€4.50M	€1.81M	better than 86% of 32 sector peers

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

Revenue

€5.93M

-17.9% 19-21

EBITDA

€83k

-46.9% 19-21

Net profit

€679k

-14.5% 19-21

Cash flow

€832k

-9.8% 19-21

Total assets

€4.50M

-20.0% 19-21

Equity

€1.85M

-5.9% 19-21

Working capital

€1.24M

-4.6% 19-21

Employees (FTE)

35

0.0% 19-21

Income taxes

€-1k

+45.3% 19-21

Debt

€2.65M

-26.5% 19-21

Debt ≤ 1y

€2.58M

-26.6% 19-21

Debt > 1y

€67k

-31.1% 19-21

Current ratio

1.48

+8.1% 19-21

Quick ratio

1.32

+5.6% 19-21

Solvency

41.1%

+17.6% 19-21

Debt / equity

0.04

-26.8% 19-21

ROE

36.7%

-9.2% 19-21

ROA

15.1%

+6.8% 19-21

Net margin

11.5%

+4.1% 19-21

EBITDA margin

1.4%

-35.4% 19-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	verkort
Revenue	€5.93M
EBITDA	€83k
Net profit	€679k
Cash flow	€832k
Staff costs	-
Income taxes	€-1k
Dividends	-
Total assets	€4.50M
Equity	€1.85M
Debt	€2.65M
of which ≤ 1y	€2.58M
of which > 1y	€67k
Working capital	€1.24M
Employees (FTE)	35.0

Ratios (computed)

	2021
Current ratio	1.48
Quick ratio	1.32
Working capital ratio	27.5%
Solvency	41.1%
Debt / equity	0.04
Long-term debt ratio	0.04
Interest coverage	-
Gross margin	-
Net margin	11.5%
ROA	15.1%
ROE	36.7%
EBITDA margin	1.4%
Days sales outstanding	66d
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €684k · 15.2% Current assets €3.82M · 84.8%

Equity & liabilities

Equity €1.85M · 41.1% Debt €2.65M · 58.9%

Full annual accounts

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

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.50M
Fixed assets	21/28	€684k
Intangible fixed assets	21	€9k
Tangible fixed assets	22/27	€672k
Financial fixed assets	28	€3k
Current assets	29/58	€3.82M
Stocks & contracts in progress	3	€405k
Amounts receivable within one year	40/41	€1.08M
Cash & bank	54/58	€1.17M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.50M
Equity	10/15	€1.85M
Contributions / capital	10/11	€1.10M
Reserves	13	€74k
Accumulated profits (losses)	14	€679k
Amounts payable	17/49	€2.65M
Amounts payable after one year	17	€67k
Amounts payable within one year	42/48	€2.58M
Trade debts payable within one year	44	€659k
Income statement
Turnover	70	€5.93M
Gross operating margin	9900	€1.83M
Operating result	9901	€-70k
Financial income	75	€25
Financial charges	65	€47k
Result before taxes	9903	€-116k
Income taxes	67/77	€-1k
Net result for the period	9904	€-115k
Result to be appropriated	9905	€-115k

You're seeing the latest fiscal year only. Unlock 2 prior years (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	Vervaardiging van niet-verspanende machines voor de metaalbewerking en van gereedschapswerktuigen voor metaalbewerking(28410)
Legal form	Public limited company(014)
Incorporation	13-06-1990
Status	Active
Postal code	3600
First BS signal	22-02-2022
Latest BS signal	22-02-2022

Establishment units 1 location

DECOMETA

Slingerweg 39, 3600 Genkaanleggen en onderhouden van tuinen, parken en het groene gedeelte van sportvelden.

since 19902.048.660.784

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 · DECOMETA NV SLIN- GERWEG 39, 3600 GENK · event 15-02-2022

2021

03-11-2021