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 15.9 to 10.3.
Financials
Financial year 2025
D-COAT from Lokeren, company number BE0597776257, closed financial year 2025 with a result of € 295,201 after tax. For that financial year D-COAT recorded a gross margin of € 1 million and equity of € 806,543. Compared with financial year 2024, the result moved from € 388,119 to € 295,201. 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 July 15, 2026.
€ 806,543
▼ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 295,201
▼ 24% vs 2024
Profit after tax over the fiscal year.
€ 351,075
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 800,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
10.3
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 536,238
▼ 4% vs 2024
€ 52,100 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.
€ 62,635
▲ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 272,376
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 93,959
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,483,337 | € 1,480,936 | € 1,225,147 | € 1,039,944 | ▼ 15% |
| Profit after taxes | € 374,462 | € 477,643 | € 388,119 | € 295,201 | ▼ 24% |
| Equity | € 445,580 | € 923,223 | € 1,311,341 | € 806,543 | ▼ 38% |
| Total debts | € 1,093,433 | € 1,007,316 | € 610,690 | € 1,228,268 | ▲ 101% |
| Cash | € 88,463 | € 253,631 | € 319,005 | € 351,075 | ▲ 10% |
| Retained profit | € 345,580 | € 823,223 | € 1,211,341 | € 706,543 | ▼ 42% |
| Dividend | € 0 | € 0 | € 0 | € 800,000 | |
| Bank debt | € 300,000 | € 300,000 | € 0 | € 0 | |
| Balance sheet total | € 1,566,513 | € 1,930,538 | € 1,922,032 | € 2,034,810 | ▲ 6% |
| Employees (FTE) | 19.2 | 15.9 | 11.6 | 10.3 | ▼ 1.3 |
Key figures of D-COAT, 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 D-COAT?
What happened at D-COAT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Falcon Fund Management NV stepped down as director. NBB
- H.D.M. SERVICE BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 295,201 (▼ 24% vs 2024). Source: NBB ↗
- H.D.M. SERVICE BV became a director. NBB
- Falcon Fund Management NV became a director. NBB
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 374,462 profit in 2022 to € 295,201 profit in 2025.
Paid € 525,556 in corporate taxes since 2022.
Best year ever: 2023, with € 477,643 profit.
On average € 101,000 of value added per employee in 2025.
Management
The stake of PRI FENCE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
D-COATThe shares are held by PRI FENCE (100%).
Directors
According to the 2025 annual accounts
Director · represented by Koen Perdu
Also active at: J.L. Hertsens, PAUWELS, Day By Day Courier Service, ON TIME SOLUTIONS, Pauwels Construct, JACRIMAR, M.Ex.T. BELGIUM, G & G CONSTRUCT +31 more
since 2021 · until 2027
Managing director · represented by Hans De Meyer
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Spieveldstraat 47
9160 Lokeren
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
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0597.776.257
- VAT number
- BE 0597.776.257
- Registered office
- Spieveldstraat 47, 9160 Lokeren
- Names & denominations
- D-COAT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 2015
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- dcoat.be
- Activities · NACE
Coating van metalen
Oppervlaktebehandeling van metalen
Verspanend bewerken van metalen