Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
DECOSPAN HOLDING from Menen, company number BE0418850156, closed financial year 2025 with a result of € 1.4 million after tax. For that financial year DECOSPAN HOLDING recorded revenue of € 6.6 million and equity of € 14.4 million. Compared with financial year 2024, the result moved from € 1.1 million to € 1.4 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 14.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▲ 28% vs 2024
Profit after tax over the fiscal year.
€ 730,765
▲ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
7.9
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 657,852
▲ 27% vs 2024
€ 83,300 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.
€ 70,055
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6 million
€ 571,428 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 2.2 million
▲ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 145 days on average.
€ 137,606
▲ 40% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,173,356 | € 3,138,929 | € 5,003,086 | € 6,641,164 | ▲ 33% |
| Profit after taxes | € 5,366,847 | € 4,986,311 | € 1,120,979 | € 1,436,565 | ▲ 28% |
| Equity | € 22,418,178 | € 13,354,489 | € 14,475,468 | € 14,412,033 | |
| Total debts | € 7,461,460 | € 4,245,562 | € 3,834,434 | € 24,572,038 | ▲ € 20.7 million |
| Cash | € 1,471,599 | € 302,477 | € 429,773 | € 730,765 | ▲ 70% |
| Retained profit | € 21,390,127 | € 12,326,438 | € 13,447,417 | € 13,383,982 | |
| Dividend | € 5,000,000 | € 14,050,000 | € 0 | € 1,500,000 | |
| Bank debt | € 0 | € 0 | € 0 | € 6,000,000 | |
| Balance sheet total | € 30,051,233 | € 17,731,527 | € 18,408,509 | € 39,049,809 | ▲ 112% |
| Employees (FTE) | 5.7 | 6 | 6.6 | 7.9 | ▲ 1.3 |
Key figures of DECOSPAN HOLDING, 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 DECOSPAN HOLDING?
What happened at DECOSPAN HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Malexis BV stepped down as director. NBB
- Lurinvest BV stepped down as director. NBB
- BV Mapide stepped down as director. NBB
- Todecom NV stepped down as director. NBB
- BV Elemga stepped down as director. NBB
- BV CNVision stepped down as director. NBB
- BV Griet Vandenheede stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.4 million (▲ 28% vs 2024). Source: NBB ↗
In short
From € 5.4 million profit in 2022 to € 1.4 million profit in 2025.
Paid € 171,576 in corporate taxes since 2022.
Best year ever: 2022, with € 5.4 million profit.
Paid out € 20.6 million in dividends to the owners in total.
Management
The stake of The Veneer comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DECOSPAN HOLDINGThe shares are held by The Veneer (100%). It owns 100% of Decofib, Unipessoal LDA, 100% of Decospan UK Ltd, 100% of Decospan France Holding, 100% of Decospan France Sud, 100% of Decospan USA Inc. and 100% of Esco CZ spol. s r.o. itself.
Directors
According to the 2025 annual accounts
Director · represented by Jan Desmet
Also active at: D-Warehouse, The Veneer, D-ESTATE, DECOSPAN
since 2023 · until 2029
Director · represented by Pieter Desmet
Also active at: D-Warehouse, The Veneer, D-ESTATE, DECOSPAN
since 2023 · until 2029
Managing director · represented by Pieterjan Desmet
Also active at: Floorify, The Veneer, CMI, Hostellerie Kemmelberg, Immo Kemmelberg
since 2025 · until 2029
Director · represented by Marc Desmet
Also active at: D-Warehouse, The Veneer, D-ESTATE, DECOSPAN
since 2023 · until 2029
Director · represented by Geert Roelens
Also active at: Frisofina, VIABUILD GROUP, HUBERMONT, HUBERMONT SPACE FOR DEVELOPMENT, VIU MORE, The Veneer
since 2025 · until 2026
since 2025 · until 2026
Director · represented by Griet Vandenheede
since 2025 · until 2026
Shareholders
100%
Participations
Decofib, Unipessoal LDA
100%
Decospan UK Ltd
100%
Decospan France Holding
100%
Decospan France Sud
100%
Decospan USA Inc.
100%
Esco CZ spol. s r.o.
100%
Decospan China CO., LTD.
100%
Decospan Ireland Ltd
100%
100%
Decospan DOO
80%
50%
Decospan Mato Furnir DOO
50%
Lazaros Kaltsidis
25%
24%
Establishments
Establishment units
Physical locations of this company
Lageweg 33
8930 Menen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →D-Warehouse same network
€ -3,925 gross margin · 2025
The Veneer same network
€ 1.7 million revenue · 2025
D-ESTATE same network
€ 2.6 million revenue · 2025
DECOSPAN same network
€ 164.1 million revenue · 2025
decospan groep belgie
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.850.156
- VAT number
- BE 0418.850.156
- Registered office
- Lageweg 33, 8930 Menen
- Names & denominations
- DECOSPAN HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 1978
- Peppol
- Not registered
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings
Verhuur en lease van kantoormachines, inclusief computers
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Technische studiën en ingenieursactiviteiten
Computeradviesbureaus
+2