DECORMETAL
ActiveSummary
DECORMETAL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €652k and a net result of €-56k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 42% of 760 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability52▼-32
Solvency61▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.49 in 2023; short-term debt: 36.4% and cash: 4.8% of total assets), but 63.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
36.1%
Return on assets
-3.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
16 d early
2022
19 d late
2021
23 d early
2020
24 d late
2019
13 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-56k
2023 · €263k
2018: €170k
2019: €234k
2020: €85k
2021: €313k
2022: €22k
2023: €263k
2018 → 2024
Working capital
€416k▼ 4.0%
2023 · €434k
2018: €281k
2019: €531k
2020: €472k
2021: €416k
2022: €366k
2023: €434k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€576k-€644k▲ 11.8%€645k▲ 0.1%€708k▲ 9.8%€652k▼ 7.9%
Operating result€124k-€349k▲ 182%€38k▼ 89.2%€375k▲ 898%€-25k
Net result€85k-€313k▲ 267%€22k▼ 93.1%€263k▲ 1,118%€-56k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €25k after €375k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.81M
Fixed assets
€734k ▼ 10.4%
Current assets
€1.08M ▼ 18.1%
Equity and liabilities €1.81M
Equity
€652k ▼ 7.9%
Debt
€1.16M ▼ 18.7%
Debt's share of the balance-sheet total falls from 66.8% to 63.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€144k▼
2023 · €544k
Cash flow
€113k▼
2023 · €432k
Current ratio
1.63▲
2023 · 1.49
Quick ratio
1.29▲
2023 · 1.19
Debt to equity
1.77▼
2023 · 2.01
ROE
-8.6%▼
2023 · 37.2%
ROA
-3.1%▼
2023 · 12.4%
Interest coverage
4.44▼
2023 · 26.74
Debt ≤ 1 year
€659k▼
2023 · €879k
Debt > 1 year
€488k▼
2023 · €542k
Income taxes
€293▼
2023 · €93k
Staff costs
€1.09M▼
2023 · €1.13M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 60 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.13M€1.81M▼
Formation expenses20-€0
Fixed assets21/28€819k€734k▼
Intangible fixed assets21€10k€6k▼
Tangible fixed assets22/27€809k€728k▼
Land and buildings22-€0
Plant, machinery and equipment23€365k€343k▼
Furniture and vehicles24€72k€57k▼
Leasing and similar rights25-€0
Other tangible fixed assets26€372k€327k▼
Current assets29/58€1.31M€1.08M▼
Stocks and contracts in progress3€266k€228k▼
Stocks30/36€266k€228k▼
Amounts receivable within one year40/41€817k€738k▼
Trade receivables40€817k€717k▼
Other amounts receivable41€69€21k▲
Cash at bank and in hand54/58€214k€86k▼
Deferred charges and accrued income490/1€16k€24k▲
Equity and liabilities
Total equity and liabilities10/49€2.13M€1.81M▼
Equity10/15€708k€652k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€641k€585k▼
Amounts payable17/49€1.42M€1.16M▼
Amounts payable after more than one year17€542k€488k▼
Financial debts170/4€542k€488k▼
Amounts payable within one year42/48€879k€659k▼
Current portion of amounts payable after more than one year42€136k€105k▼
Financial debts43€6k€143k▲
Credit institutions430/8€6k€143k▲
Trade debts44€304k€239k▼
Suppliers440/4€304k€239k▼
Taxes, remuneration and social security45€212k€173k▼
Taxes450/3€62k€44k▼
Remuneration and social security454/9€149k€129k▼
Other amounts payable47/48€221k-
Accrued charges and deferred income492/3€2k€10k▲
Income statement
Code20232024
Remuneration, social security and pensions62€1.13M€1.09M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€169k€169k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-11k€4k▲
Other operating charges640/8€34k€32k▼
Gross operating margin9900€1.69M€1.27M▼
Operating profit (loss)9901€375k€-25k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€20k€32k▲
Recurring financial charges65€20k€32k▲
Profit (loss) for the period before taxes9903€357k€-56k▼
Income taxes67/77€93k€293▼
Profit (loss) for the period9904€263k€-56k▼
Profit (loss) for the period to be appropriated9905€263k€-56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€841k€585k▼
Profit (loss) brought forward from the previous period14P€577k€641k▲
Profit to be distributed694/7€200k-
Return on contributions (dividend)694€200k-
Social balance
Average headcount (FTE)908722.921.4▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-09
State Gazette act
Appointment: Moore Audit SRL (statutory auditor)Permanent representative: Joep Van Gils4 facts ▸
State Gazette act
Appointment: Moore Audit SRL (statutory auditor)
Permanent representative: Joep Van Gils4 facts ▸
- General meeting, 08-06-2026
- Auditor appointment, Moore Audit SRL (statutory auditor)
- Permanent representative, Joep Van Gils (permanent representative)
- Director in office, Joep Van Gils (director)
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-56k ▼121%
Net result drops to €-56k, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 19 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €313k ▲267%
Net result €313k, the highest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
31-12
Financial
Equity above €500kEq €685k ▲51.7%
2 profitable years in a row build equity to €685k.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Trooz · 2 establishment units since 1995
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.
Rue Grand'rue 1b4870 TroozGround area
4,057 m²
Building footprint
3,349 m²
Volume, LiDAR
20,691 m³
2 parcels, Flanders, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rue Grand'rue 1b, 4870 Trooz
since 19952.073.591.665
Industrielaan 51, 3730 Bilzen-Hoeselt
since 20232.340.178.547
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73032K0484/00B000 | Flanders | 3,711 m² | 1 · 3,203 m² | 8.7 m · 2 fl. |
| 62040B0477/00H002 | Wallonia | 346 m² | 1 · 146 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
Statutory auditor
1 auditor| Moore Audit SRLCurrent Statutory auditor · represented by Stijn Van Hout | 23-09-2026 → present |
Recognitions · licences · registrations
Dual-learning approval
1 live approvalLassen-constructie duaal (so)
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Of 710 companies in sector 25510 we hold annual accounts for 409. 290 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
25510Coating of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.