MY DECOR PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of MY DECOR PROJECT is 1.6% (moderate). The 2024 annual accounts show equity of €17k and a net result of €-5k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 7445 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability3▼-97
Solvency69▼-31
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.7 against 3.97 in 2023; short-term debt: 56.2% and cash: 4.3% of total assets), but 56.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
43.8%
Return on assets
-12.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
57 d late
2022
60 d late
2021
30 d late
2020
28 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€17k▼ 22.6%
2023 · €22k
2018: €8k
2019: €8k
2020: €2k
2021: €20k
2022: €14k
2023: €22k
2018 → 2024
Total assets
€38k▲ 35.2%
2023 · €28k
2018: €38k
2019: €31k
2020: €14k
2021: €42k
2022: €33k
2023: €28k
2018 → 2024
Net result
€-5k
2023 · €8k
2018: €2k
2019: €-126
2020: €-6k
2021: €18k
2022: €-6k
2023: €8k
2018 → 2024
Working capital
€15k▼ 23.2%
2023 · €20k
2018: €23k
2019: €5k
2020: €-139
2021: €17k
2022: €12k
2023: €20k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2k-€20k▲ 1,022%€14k▼ 31.2%€22k▲ 56.7%€17k▼ 22.6%
Operating result€-6k-€18k€-7k€9k€-4k
Net result€-6k-€18k€-6k€8k€-5k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4k after €9k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38k
Fixed assets
€2k ▼ 16.8%
Current assets
€37k ▲ 39.0%
Equity and liabilities €38k
Equity
€17k ▼ 22.6%
Debt
€22k ▲ 224%
Debt's share of the balance-sheet total rises from 23.5% to 56.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k
Cash flow
€-5k
Current ratio
1.70▼
2023 · 3.97
Quick ratio
1.20▼
2023 · 2.34
Debt to equity
1.28▲
2023 · 0.31
ROE
-29.2%▼
2023 · 36.2%
ROA
-12.8%▼
2023 · 27.7%
Interest coverage
-7.41
Debt ≤ 1 year
€22k▲
2023 · €7k
Income taxes
€538▼
2023 · €737
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 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€28k€38k▲
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€964€634▼
Furniture and vehicles24€964€634▼
Financial fixed assets28€1k€1k=
Current assets29/58€26k€37k▲
Stocks and contracts in progress3€11k€11k▲
Stocks30/36€11k€11k▲
Amounts receivable within one year40/41€11k€24k▲
Trade receivables40€11k€24k▲
Other amounts receivable41€378-
Cash at bank and in hand54/58€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€28k€38k▲
Equity10/15€22k€17k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Share premium1100/10€6k€6k=
Reserves13€97€97=
Distributable reserves133€97€97=
Profit (loss) carried forward14€15k€11k▼
Amounts payable17/49€7k€22k▲
Amounts payable within one year42/48€7k€22k▲
Trade debts44€4k€8k▲
Suppliers440/4€4k€8k▲
Taxes, remuneration and social security45€405€7k▲
Taxes450/3€405€387▼
Remuneration and social security454/9-€7k
Other amounts payable47/48€2k€6k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€330
Other operating charges640/8€703€1k▲
Gross operating margin9900€9k€-3k▼
Operating profit (loss)9901€9k€-4k▼
Financial income75/76B€103€1▼
Recurring financial income75€103€1▼
Financial charges65/66B€158€482▲
Recurring financial charges65€158€482▲
Profit (loss) for the period before taxes9903€9k€-4k▼
Income taxes67/77€737€538▼
Profit (loss) for the period9904€8k€-5k▼
Profit (loss) for the period to be appropriated9905€8k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€11k▼
Profit (loss) brought forward from the previous period14P€8k€15k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 70 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 57 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.97
Current ratio from 1.62 to 3.97; short-term debt falls from €19k to €7k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €-6k ▼134%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 28 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2017
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.
Jules Peurquaetstraat 848400 OostendeGround area
101 m²
Building footprint
84 m²
Volume, LiDAR
830 m³
Parcel 35386D0251/00T010, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MY DECOR PROJECT
since 20172.272.399.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0251/00T010 | Flanders | 101 m² | 1 · 84 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
AD TRANSFORMATION & RENOVATION
BE 0759.507.624
Charleroi · Eq €16,824
BTC RENOV
BE 0799.801.820
Sint-Pieters-Leeuw · Eq €16,838
MG RENOV
BE 0873.986.727
Charleroi · Eq €16,820
SCCONSULT
BE 0870.789.487
Aalst · Eq €16,815
JFR PROJECTS
BE 0776.675.040
Sint-Pieters-Leeuw · Eq €16,854
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,964 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 formPrivate limited company
Founded14-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.