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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.5 to 3.
Financials
Financial year 2025
De Cock Etienne from Erpe-Mere, company number BE0440593596, closed financial year 2025 with a result of € -50,390 after tax. For that financial year De Cock Etienne recorded a gross margin of € 127,129 and equity of € -775,137. Compared with financial year 2024, the result moved from € -92,822 to € -50,390. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ -775,137
▼ € 50,390 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -50,390
▲ 46 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,262
▲ € 4,666 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
People and assets in 2025
3
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 131,689
▼ 3% vs 2024
€ 43,900 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.
€ 1,521
▲ € 1,343 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11,499
▼ 37% vs 2024
Loans from banks and other lenders, long and short.
€ 59,822
▲ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,925
▲ 27% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 232,524 | € 123,958 | € 90,117 | € 127,129 | ▲ 41% |
| Profit after taxes | € -40,873 | € -140,115 | € -92,822 | € -50,390 | ▲ € 42,432 |
| Equity | € -491,809 | € -631,924 | € -724,747 | € -775,137 | ▼ € 50,390 |
| Total debts | € 907,876 | € 933,204 | € 963,694 | € 999,119 | ▲ 4% |
| Cash | € 1,563 | € 1,761 | € 596 | € 5,262 | ▲ € 4,666 |
| Retained profit | € -863,649 | € -1,003,764 | € -1,096,587 | € -1,146,977 | ▼ € 50,390 |
| Bank debt | € 16,361 | € 18,382 | € 18,276 | € 11,499 | ▼ 37% |
| Balance sheet total | € 416,067 | € 301,280 | € 238,947 | € 223,982 | ▼ 6% |
| Employees (FTE) | 6.3 | 5.5 | 3.3 | 3 | ▼ 0.3 |
Key figures of De Cock Etienne, 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 De Cock Etienne?
What happened at De Cock Etienne in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Chris De Cock stepped down as director. NBB
- Johan De Cock stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 50,390. Source: NBB ↗
- Chris De Cock became a director. NBB
- Johan De Cock became a director. NBB
- New establishment in Erpe-Mere. KBO
- New establishment in Herzele. KBO
- Start of the company according to the CBE. KBO
In short
From € 40,873 loss in 2022 to € 50,390 loss in 2025.
Paid € 116 in corporate taxes since 2022.
On average € 42,400 of value added per employee in 2025.
Management
Establishments
Establishment units
Physical locations of this company
Oudenaardsesteenweg 387
9420 Erpe-Mere
Ressegemstraat 68
9550 Herzele
Active since 16 July 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.593.596
- VAT number
- BE 0440.593.596
- Registered office
- Oudenaardsesteenweg 387, 9420 Erpe-Mere
- Names & denominations
- De Cock Etienne · DECO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 April 1990
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Schrijnwerk
Schrijnwerk van hout of van kunststof
Glaszetten
Algemene bouw van residentiële gebouwen
Plaatsen van vloer- en wandtegels
Bouwen van individuele huizen