Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 6.8 to 5.6.
Financials
Financial year 2025
DEKORATIEF from Waregem, company number BE0431965546, closed financial year 2025 with a result of € 80,195 after tax. For that financial year DEKORATIEF recorded a gross margin of € 525,781 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 86,947 to € 80,195. The company is profitable. 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 June 16, 2026.
€ 1.7 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 80,195
▼ 8% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 189,640 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
5.6
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 227,810
▼ 8% vs 2024
€ 40,700 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.
€ 36,123
▲ 289% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 101,681
▼ 36% vs 2024
€ 49,092 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 137,444
Supplier invoices still open on the last day of the fiscal year.
€ 64,436
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 532,403 | € 701,332 | € 558,798 | € 525,781 | ▼ 6% |
| Profit after taxes | € 124,749 | € 232,447 | € 86,947 | € 80,195 | ▼ 8% |
| Equity | € 1,667,902 | € 1,813,286 | € 1,781,908 | € 1,672,463 | ▼ 6% |
| Total debts | € 762,617 | € 557,540 | € 658,550 | € 974,528 | ▲ 48% |
| Cash | € 731,814 | € 988,640 | € 945,370 | € 1,164,059 | ▲ 23% |
| Land & buildings | € 885,970 | € 816,127 | € 747,929 | € 679,731 | ▼ 9% |
| Retained profit | € 1,630,718 | € 1,776,102 | € 1,744,724 | € 1,635,279 | ▼ 6% |
| Dividend | € 59,906 | € 87,063 | € 118,325 | € 189,640 | ▲ 60% |
| Bank debt | € 311,364 | € 235,709 | € 158,792 | € 101,681 | ▼ 36% |
| Balance sheet total | € 2,461,182 | € 2,396,819 | € 2,461,781 | € 2,663,644 | ▲ 8% |
| Employees (FTE) | 5.9 | 6.8 | 6.4 | 5.6 | ▼ 0.8 |
Key figures of DEKORATIEF, 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 DEKORATIEF?
What happened at DEKORATIEF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 80,195 (▼ 8% vs 2024). Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 124,749 profit in 2022 to € 80,195 profit in 2025.
Paid € 280,241 in corporate taxes since 2022.
Best year ever: 2023, with € 232,447 profit.
On average € 93,900 of value added per employee in 2025.
Management
Behind DEKORATIEF are DANNY VERHELST and ANN VANDEZANDE.
Directors
According to the 2025 annual accounts
DANNY VERHELST
Manager
ANN VANDEZANDE
Manager
Establishments
Establishment units
Physical locations of this company
Windhoek 21
8790 Waregem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
FASTLY - Fastly, Inc., US
Website info
Features
Security
Network
Details
- Company number
- 0431.965.546
- VAT number
- BE 0431.965.546
- Registered office
- Windhoek 21, 8790 Waregem
- Names & denominations
- DEKORATIEF
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 September 1987
- Peppol
- Active · Active since 4 Dec 2025
- Contact
- dekoratief.be
- Activities · NACE
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