Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LE DECORATEUR MICHEL from Rebecq, company number BE0417152755, closed financial year 2025 with a result of € 276,276 after tax. For that financial year LE DECORATEUR MICHEL recorded revenue of € 2.1 million and equity of € 172,214. Compared with financial year 2024, the result moved from € 387,418 to € 276,276. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 172,214
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 276,276
▼ 29% vs 2024
Profit after tax over the fiscal year.
€ 1,131
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 276,000 paid out
100 % of the profit went to the shareholders, mostly to ASC Participations (100 % of the shares). That is where the money ends up.
People and assets in 2025
26.8
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 4% vs 2024
€ 48,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 595,840
▲ 105% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 457 days on average.
€ 116,398
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,550,726 | € 1,650,281 | € 2,129,312 | € 2,097,847 | ▼ 1% |
| Profit after taxes | € 375,701 | € 206,533 | € 387,418 | € 276,276 | ▼ 29% |
| Equity | € 165,986 | € 166,119 | € 171,938 | € 172,214 | |
| Total debts | € 591,392 | € 568,279 | € 801,937 | € 998,124 | ▲ 24% |
| Cash | € 224,930 | € 87,167 | € 1,953 | € 1,131 | ▼ 42% |
| Retained profit | € 91,618 | € 91,751 | € 97,570 | € 97,846 | |
| Dividend | € 369,600 | € 206,400 | € 381,600 | € 276,000 | ▼ 28% |
| Balance sheet total | € 768,112 | € 747,817 | € 990,087 | € 1,188,606 | ▲ 20% |
| Employees (FTE) | 20.5 | 22.4 | 26.7 | 26.8 | ▲ 0.1 |
Key figures of LE DECORATEUR MICHEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to LE DECORATEUR MICHEL?
What happened at LE DECORATEUR MICHEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick RINALDI stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 276,276 (▼ 29% vs 2024). Source: NBB ↗
- Patrick RINALDI became a director. NBB
- New establishment in Flémalle. KBO
- Start of the company according to the CBE. KBO
In short
From € 375,701 profit in 2022 to € 276,276 profit in 2025.
Paid € 427,719 in corporate taxes since 2022.
Best year ever: 2024, with € 387,418 profit.
Paid out € 1.2 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ASC Participations comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LE DECORATEUR MICHELThe shares are held by ASC Participations (100%).
Directors
According to the 2025 annual accounts
Patrick RINALDI
Managing director
Also active at: Les Entreprises Yvo Rinaldi, IS Werken, TECRIN, KPP INVEST, RL IMMO, NUMERIS, R.L.RéaLisation, Zenit Schilderwerken
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Route de Quenast 37
1430 Rebecq
Parc Industriel 4
4400 Flémalle
Active since 19 May 2000
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0417.152.755
- VAT number
- BE 0417.152.755
- Registered office
- Route de Quenast 37, 1430 Rebecq
- Names & denominations
- LE DECORATEUR MICHEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 1977
- Peppol
- Active · Active since 27 Oct 2025
- Activities · NACE
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