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Décor Passion

Active
Private limited company·Schilderen van gebouwen· 3 yrs active
KBO/BCE: BE 0792.574.924
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Age3 yrs
Staff (FTE)1.3
Real estate2 parcels · 3,011 m²

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for Décor Passion (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €26k and a net result of €23k.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
07-03-2025
KBO administration Address struck
 · Publications in State Gazette ↗

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2023 31-07-2024 30-08-2024 30 d late 2024-00427052

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

1 signal
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.

Administrative Flags

1 event
Address struck

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€23k
Working capital€11k

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 30-08-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 51.3% 38.7%
better than 65% of 9100 sector peers
Net result €23k €12k
better than 68% of 9085 sector peers
Equity €26k €30k
better than 45% of 9106 sector peers
Gross operating margin €104k €33k
better than 83% of 9074 sector peers
Staff costs €64k €26k
higher than 74% of 3340 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2023
Depositmicro
Revenue-
EBITDA€37k
Net profit€23k
Cash flow€26k
Staff costs€64k
Income taxes€7k
Dividends-
Total assets€51k
Equity€26k
Debt€25k
of which ≤ 1y€25k
of which > 1y-
Working capital€11k
Employees (FTE)1.3
Ratios (computed)
2023
Current ratio1.43
Quick ratio1.20
Working capital ratio21.1%
Solvency51.3%
Debt / equity0.95
Long-term debt ratio-
Interest coverage12.81
Gross margin-
Net margin-
ROA46.3%
ROE90.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€51k
Fixed assets 21/28€15k
Tangible fixed assets 22/27€15k
Current assets 29/58€35k
Stocks & contracts in progress 3€6k
Amounts receivable within one year 40/41€29k
Cash & bank 54/58€413
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€51k
Equity 10/15€26k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€23k
Amounts payable 17/49€25k
Amounts payable within one year 42/48€25k
Trade debts payable within one year 44€17k
Income statement
Gross operating margin 9900€104k
Operating result 9901€34k
Financial charges 65€3k
Result before taxes 9903€31k
Income taxes 67/77€7k
Net result for the period 9904€23k
Result to be appropriated 9905€23k
Ratios computed by Checked.

Health barometer

FY 2023 · computed
24 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Establishment units

1 location
Décor Passion
Grand-Route (Failon)(BF) 27, 5370 HavelangeSchilderen van gebouwen
since 20222.349.883.101
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area3,011 m²
Buildings2
Building footprint493 m²

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
91001C0131/00N005 Wallonia 1,968 m² 1 · 307 m² -
91012A0404/00M000 Wallonia 1,043 m² 1 · 187 m² -
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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
07-03-2025
KBO administration Address struck
 · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-03-07 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

1 acts
Address history · 1
22-07-2024
Registered-office move
All acts · 1 updated 2 years ago
2024
22-07-2024 Registered office moved from HAVELANGE to Achêne Registered-office change
  • GRAND-ROUTE 27, BТE1 -5370 HAVELANGE → 38 BTE13, Rue du Polissou - 5590 Achêne

Analysis

Snowflake analysis

financial profile on 5 axes
Health24Profitability100Solvency83Growth-Stability0
52 / 100

Mixed profile: strong on profitability, weaker on stability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 24
Profitability 100
Solvency 83
Growth -
Stability 0

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 731 of the 7,840 companies in this sector. 652 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Schilderen van gebouwen43341Schilderen van gebouwen43341
Primary activity highlighted.
Names & trade names
Legal nameFR Décor Passion
Registration history
  1. 07-03-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.