Active BE 0544.974.308Private limited company

DECONINCK

Kleine-Markweg 18 ·2310 Rijkevorsel, Belgium· 12 yrs active

Sector: Plumbing work (43221)

Conclusion Checked

DECONINCK has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25k and a net result of €12k. Its solvency ranks better than 58% of 11123 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).

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

Key figures

Equity	€25k
Net result	€12k
Staff (FTE)	0.9
Better than sector	58%

Financial profile 5 of 5 axes measured · computed by Checked

89 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 89

Profitability 100

Solvency 78

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.3% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2014, 12 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 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.

Checked score FY 2024 · computed

89 / 100 Excellent

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.

Indicative credit limit

€3k

estimate, not credit advice

Score history

53 2023

89 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.34 (≥ 1.0) +5

Quick ratio Quick ratio 1.23 (≥ 1.0) +5

Leverage Debt/equity 1.10 (< 2.0) +3

Profitability ROE 49% (≥ 10%) +10

Interest coverage Interest coverage 40.4× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 27-03-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	47.6%	40.8%	better than 58% of 11123 sector peers
Net result	€12k	€11k	better than 52% of 11107 sector peers
Equity	€25k	€34k	better than 41% of 11128 sector peers
Gross operating margin	€44k	€35k	better than 58% of 11096 sector peers
Staff costs	€20k	€24k	higher than 47% of 4054 sector peers

EBITDA

€23k

+1392.4% 23-24

Net profit

€12k

- 23-24

Cash flow

€19k

+1721.0% 23-24

Total assets

€53k

-32.5% 23-24

Equity

€25k

+27.0% 23-24

Working capital

€10k

+245.3% 23-24

Employees (FTE)

1

+125.0% 23-24

Staff costs

€20k

+14.2% 23-24

Income taxes

€3k

+1502.7% 23-24

Dividends

€7k

+250.3% 23-24

Debt

€28k

-52.7% 23-24

Debt ≤ 1y

€28k

-52.7% 23-24

Current ratio

1.34

+28.2% 23-24

Quick ratio

1.23

+23.9% 23-24

Solvency

47.6%

+88.2% 23-24

Debt / equity

1.10

-62.7% 23-24

ROE

48.8%

- 23-24

ROA

23.2%

- 23-24

Interest coverage

40.45

+960.6% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€23k	€2k
Net profit	€12k	€-10k
Cash flow	€19k	€1k
Staff costs	€20k	€18k
Income taxes	€3k	€208
Dividends	€7k	€2k
Total assets	€53k	€79k
Equity	€25k	€20k
Debt	€28k	€59k
of which ≤ 1y	€28k	€59k
of which > 1y	-	-
Working capital	€10k	€3k
Employees (FTE)	0.9	0.4

Ratios (computed)

	2024	2023
Current ratio	1.34	1.05
Quick ratio	1.23	1.00
Working capital ratio	17.9%	3.5%
Solvency	47.6%	25.3%
Debt / equity	1.10	2.96
Long-term debt ratio	-	-
Interest coverage	40.45	3.81
Gross margin	-	-
Net margin	-	-
ROA	23.2%	-12.0%
ROE	48.8%	-47.7%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €16k · 29.6% Current assets €38k · 70.4%

Equity & liabilities

Equity €25k · 47.6% Debt €28k · 52.5%

Full annual accounts (23 line items)

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

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€53k	€79k
Fixed assets	21/28	€16k	€17k
Tangible fixed assets	22/27	€16k	€17k
Current assets	29/58	€38k	€62k
Stocks & contracts in progress	3	€3k	€3k
Amounts receivable within one year	40/41	€15k	€35k
Cash & bank	54/58	€20k	€23k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€53k	€79k
Equity	10/15	€25k	€20k
Contributions / capital	10/11	€9k	€9k
Reserves	13	€16k	€11k
Accumulated profits (losses)	14	€-297	€-349
Amounts payable	17/49	€28k	€59k
Amounts payable within one year	42/48	€28k	€59k
Trade debts payable within one year	44	€11k	€33k
Income statement
Gross operating margin	9900	€44k	€21k
Operating result	9901	€16k	€-9k
Financial income	75	€15	€119
Financial charges	65	€560	€398
Result before taxes	9903	€16k	€-9k
Income taxes	67/77	€3k	€208
Net result for the period	9904	€12k	€-10k
Result to be appropriated	9905	€12k	€-10k

Legal Structure

NACE primary	Plumbing work(43221)
Legal form	Private limited company(610)
Incorporation	03-02-2014
Status	Active
Postal code	2310

Establishment units 1 location

DECONINCK

Kleine-Markweg 18, 2310 RijkevorselPlumbing work

since 20142.226.791.089

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13037H0317/00D000	Flanders	927 m²	1 · 138 m²	9.3 m · 2 fl.

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.

Updates 10 events

All 11Financial 1Filings 10

2025

27-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 55 days late

2024

30-06

Financial Back to profitnet €12k

Net result €12k after one loss-making year.

07-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 7 days late

2023

31-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

24-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

01-02

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 1 day late

2020

31-01

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

23-01

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

25-01

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

03-02

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 3 days late

2015

26-12

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.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Plumbing work43221

Names & trade names

Legal nameNL

DECONINCK

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