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 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2023; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 10.8 to 9.5.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
V.R. DECO from Couvin, company number BE0465585746, closed financial year 2023 with a result of € -57,398 after tax. For that financial year V.R. DECO recorded a gross margin of € 231,217 and equity of € 205,359. Compared with financial year 2022, the result moved from € -29,525 to € -57,398. 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 October 4, 2024.
€ 205,359
▼ 22% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -57,398
▼ 94 % more loss than in 2022
Profit after tax over the fiscal year.
€ 14,992
▼ 74% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 165,359.
People and assets in 2023
9.5
▼ 1.2 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 274,281
▲ 13% vs 2022
€ 28,900 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.
€ 11,749
▼ 44% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 9,732
▲ 252% vs 2022
Loans from banks and other lenders, long and short.
€ 31,540
▼ 34% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 41,536
▲ 16% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 261,777 | € 226,550 | € 231,217 | ▲ 2% |
| Profit after taxes | € 2,475 | € -29,525 | € -57,398 | ▼ € 27,873 |
| Equity | € 292,281 | € 262,757 | € 205,359 | ▼ 22% |
| Total debts | € 299,111 | € 282,682 | € 267,049 | ▼ 6% |
| Cash | € 119,314 | € 57,959 | € 14,992 | ▼ 74% |
| Retained profit | € 252,281 | € 222,757 | € 165,359 | ▼ 26% |
| Bank debt | € 27,969 | € 2,762 | € 9,732 | ▲ 252% |
| Balance sheet total | € 591,393 | € 545,439 | € 472,409 | ▼ 13% |
| Employees (FTE) | 10.8 | 10.7 | 9.5 | ▼ 1.2 |
Key figures of V.R. DECO, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to V.R. DECO?
What happened at V.R. DECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
V.R. DECO is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 57,398. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- New establishment in Saint-Ghislain. KBO
- New establishment in Couvin. KBO
- New establishment in Tournai. KBO
- New establishment in Couvin. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,475 profit in 2021 to € 57,398 loss in 2023.
Best year ever: 2021, with € 2,475 profit.
On average € 24,300 of value added per employee in 2023.
Management
Behind V.R. DECO is Victor Remy.
Directors
According to the 2023 annual accounts
Victor Remy
Director
Establishments
Establishment units
Physical locations of this company
Tienne-de-Boussu 2
5660 Couvin
Rue Grande(SG) 43
7330 Saint-Ghislain
Active since 29 October 2012
Faubourg-Saint-Germain 4
5660 Couvin
Active since 29 October 2012
Rue Royale(TOU) 56
7500 Tournai
Active since 29 October 2012
Atomiumsquare 1
1020 Brussel
Active since 26 July 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.585.746
- VAT number
- BE 0465.585.746
- Registered office
- Tienne-de-Boussu 2, 5660 Couvin
- Names & denominations
- V.R. DECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 8 March 1999
- Peppol
- Not registered
- Activities · NACE
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