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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 4.3 to 3.6.
Financials
Financial year 2025
DS DECOR from Londerzeel, company number BE0454892287, closed financial year 2025 with a result of € -23,351 after tax. For that financial year DS DECOR recorded a gross margin of € 253,721 and equity of € 371,539. Compared with financial year 2024, the result moved from € -5,910 to € -23,351. The company made a loss. 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 22, 2026.
€ 371,539
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,351
▼ 295 % more loss than in 2024
Profit after tax over the fiscal year.
€ 54,297
▼ 76% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 67,861.
People and assets in 2025
3.6
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 207,031
▼ 3% vs 2024
€ 57,500 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.
€ 129,889
▼ 26% vs 2024
Of which on lease € 11,986.
Debts at end 2025
€ 113,709
▼ 23% vs 2024
€ 32,804 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 81,996
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,769
▲ 85% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 288,200 | € 289,973 | € 271,984 | € 253,721 | ▼ 7% |
| Profit after taxes | € -410 | € 7,998 | € -5,910 | € -23,351 | ▼ € 17,441 |
| Equity | € 442,802 | € 400,800 | € 394,890 | € 371,539 | ▼ 6% |
| Total debts | € 192,765 | € 180,712 | € 282,422 | € 356,109 | ▲ 26% |
| Cash | € 240,897 | € 127,872 | € 224,426 | € 54,297 | ▼ 76% |
| Land & buildings | € 48,674 | € 42,842 | € 37,093 | € 314,077 | ▲ € 276,984 |
| Retained profit | € 89,123 | € 97,121 | € 91,212 | € 67,861 | ▼ 26% |
| Bank debt | € 91,013 | € 48,448 | € 147,981 | € 113,709 | ▼ 23% |
| Balance sheet total | € 635,567 | € 581,512 | € 677,312 | € 727,648 | ▲ 7% |
| Employees (FTE) | 4.7 | 4.3 | 4 | 3.6 | ▼ 0.4 |
Key figures of DS DECOR, 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 DS DECOR?
What happened at DS DECOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,351. Source: NBB ↗
- New establishment in Tervuren. KBO
- New establishment in Londerzeel. KBO
- Guy De Smedt became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 410 loss in 2022 to € 23,351 loss in 2025.
Paid € 3,641 in corporate taxes since 2022.
Best year ever: 2023, with € 7,998 profit.
On average € 70,500 of value added per employee in 2025.
Management
Behind DS DECOR are Guy De Smedt and Carina Pateet. The same people are also behind M&O.
Establishments
Establishment units
Physical locations of this company
Koeisteert 2
1840 Londerzeel
Brusselsesteenweg 34 box A
3080 Tervuren
Active since 1 November 2008
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0454.892.287
- VAT number
- BE 0454.892.287
- Registered office
- Koeisteert 2, 1840 Londerzeel
- Names & denominations
- DS DECOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 1995
- Peppol
- Active · Active since 18 Feb 2026
- Activities · NACE
Detailhandel in artikelen voor verlichting en woninginrichting
Detailhandel in verlichtingsartikelen
Schilderen van gebouwen
Schilderen
Detailhandel in verlichtingsartikelen in gespecialiseerde winkels
Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
Plaatsen van vloerbedekking en wandbekleding van hout
Plaatsen van behang
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