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 2 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 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DECOFAR from Putte, company number BE0457830201, closed financial year 2025 with a result of € -54,063 after tax. For that financial year DECOFAR recorded a gross margin of € -11,714 and equity of € -63,771. Compared with financial year 2024, the result moved from € -46,576 to € -54,063. 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 August 22, 2026.
€ -63,771
▼ € 54,063 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54,063
▼ 16 % more loss than in 2024
Profit after tax over the fiscal year.
€ 123
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -375,744.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,313
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 161
▲ 87% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -23,456 | € -17,383 | € -14,262 | € -11,714 | ▲ € 2,549 |
| Profit after taxes | € -72,277 | € -82,328 | € -46,576 | € -54,063 | ▼ € 7,487 |
| Equity | € 119,196 | € 36,869 | € -9,707 | € -63,771 | ▼ € 54,063 |
| Total debts | € 110,309 | € 129,741 | € 144,219 | € 153,039 | ▲ 6% |
| Cash | € 507 | € 180 | € 863 | € 123 | ▼ 86% |
| Land & buildings | € 538 | € 358 | € 179 | - | |
| Retained profit | € -192,777 | € -275,105 | € -321,681 | € -375,744 | ▼ € 54,063 |
| Balance sheet total | € 229,505 | € 166,609 | € 134,511 | € 89,268 | ▼ 34% |
Key figures of DECOFAR, 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 DECOFAR?
What happened at DECOFAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 54,063. filed late Source: NBB ↗
- Leon Seutin became a director. NBB
- Karin De Wreede became a director. NBB
- New establishment in Putte. KBO
- Start of the company according to the CBE. KBO
In short
From € 72,277 loss in 2022 to € 54,063 loss in 2025.
Paid € 580 in corporate taxes since 2022.
Management
Behind DECOFAR are Leon Seutin and Karin De Wreede. The same people are also behind SDW Invest. Leon Seutin is also behind M-FINANCE and Memory Games.
Directors
According to the 2025 annual accounts
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Mechelbaan 107
2580 Putte
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0457.830.201
- VAT number
- BE 0457.830.201
- Registered office
- Mechelbaan 107, 2580 Putte
- Names & denominations
- DECOFAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 April 1996
- Peppol
- Active · Active since 28 Feb 2025
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