ACTIVE

DEKORATIEF

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Financial year 2025 · closed on 31/12/2025

Net result

80,2 k €

-7.8% YoY

Gross margin

525,8 k €

-5.9% YoY

Equity

1,7 M €

-6.1% YoY

Workforce

5,6 ETP

-12.5% YoY

What does DEKORATIEF do?

DEKORATIEF is a Private limited company incorporated in 1987. Its main activity is: Wholesale of other household goods. Its registered office is in Waregem. It employs on average 5,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.965.546

Incorporation

17/09/1987

Legal form

Private limited company

Registered office

Windhoek 21
8790 Waregem · FlandreSee on map

Contributed capital

37 184,04 €

Latest accounts

31/12/2025

Average workforce

5,6 ETP

Activities (NACE)

46499Wholesale of other household goods· main 46499Wholesale of other household goods 47784Other retail sale of new goods in specialised stores 47786Other retail sale of new goods in specialised stores 52497Warehousing and support activities for transportation

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 21 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006		2005
Income statement
Gross margin	525,8 k €	-5.9%	558,8 k €	-20.3%	701,3 k €	+31.7%	532,4 k €	-30.6%	767,5 k €	+30.8%	586,7 k €	+11.9%	524,4 k €	+13.8%	460,8 k €	+10.0%	418,7 k €	-19.1%	517,8 k €	+9.0%	475 k €	+11.1%	427,7 k €	+6.9%	400,1 k €	+29.3%	309,4 k €	+2.8%	300,9 k €	+20.1%	250,6 k €	-18.6%	307,8 k €	+70.3%	180,7 k €	-18.5%	221,7 k €	-1.6%	225,4 k €	+65.2%	136,4 k €
EBITDA	233,5 k €	-0.2%	234 k €	-47.2%	442,9 k €	+75.9%	251,8 k €	-52.3%	527,8 k €	+39.6%	378 k €	+43.1%	264,1 k €	+13.2%	233,3 k €	+13.9%	204,9 k €	-37.2%	326,2 k €	+18.9%	274,4 k €	+0.2%	273,9 k €	+3.2%	265,5 k €	+34.4%	197,5 k €	+21.8%	162,2 k €	+9.8%	147,7 k €	-37.6%	236,8 k €	+94.8%	121,6 k €	-24.4%	160,8 k €	+21.3%	132,6 k €	+1.0%	131,2 k €
Operating result	151,2 k €	-3.9%	157,3 k €	-56.6%	362,2 k €	+118%	166,4 k €	-62.3%	441 k €	+51.1%	291,8 k €	+65.9%	175,9 k €	+28.1%	137,3 k €	+51.1%	90,9 k €	-57.2%	212,5 k €	+38.6%	153,4 k €	+7.9%	142,1 k €	+8.3%	131,2 k €	-9.9%	145,6 k €	+18.6%	122,8 k €	+15.4%	106,4 k €	-46.2%	197,7 k €	+162%	75,4 k €	-37.2%	120,1 k €	+34.0%	89,6 k €	-12.1%	102 k €
Net result	80,2 k €	-7.8%	86,9 k €	-62.6%	232,4 k €	+86.3%	124,7 k €	-62.0%	328,4 k €	+81.5%	181 k €	+66.1%	108,9 k €	+42.5%	76,5 k €	+59.3%	48 k €	-62.1%	126,5 k €	+63.1%	77,6 k €	-4.0%	80,8 k €	-68.1%	253,7 k €	+261%	70,3 k €	-15.0%	82,8 k €	+73.0%	47,8 k €	-55.8%	108,2 k €	+1100%	-10,8 k €	-112%	91,4 k €	+209%	29,6 k €	-62.7%	79,4 k €
Balance sheet
Equity	1,7 M €	-6.1%	1,8 M €	-1.7%	1,8 M €	+8.7%	1,7 M €	+4.0%	1,6 M €	+11.1%	1,4 M €	+6.8%	1,4 M €	+8.8%	1,2 M €	+6.6%	1,2 M €	+4.3%	1,1 M €	+12.8%	991,1 k €	+8.5%	913,5 k €	+8.7%	840,6 k €	+43.2%	586,9 k €	+13.6%	516,5 k €	+19.1%	433,8 k €	+12.4%	385,9 k €	+36.6%	282,5 k €	-3.7%	293,3 k €	+60.5%	182,7 k €	+19.3%	153,1 k €
Total assets	2,7 M €	+8.2%	2,5 M €	+2.7%	2,4 M €	-2.6%	2,5 M €	-3.8%	2,6 M €	+12.4%	2,3 M €	+6.0%	2,1 M €	+1.9%	2,1 M €	+0.7%	2,1 M €	-2.2%	2,1 M €	-0.5%	2,1 M €	+0.8%	2,1 M €	-2.8%	2,2 M €	+43.8%	1,5 M €	+10.1%	1,4 M €	+56.1%	887,4 k €	+7.7%	823,8 k €	-13.5%	952,2 k €	+10.7%	860,1 k €	+18.6%	725 k €	+39.0%	521,8 k €
Cash	1,2 M €	+23.1%	945,4 k €	-4.4%	988,6 k €	+35.1%	731,8 k €	-42.0%	1,3 M €	+70.3%	741,3 k €	+18.3%	626,7 k €	+39.4%	449,6 k €	+13.2%	397,2 k €	-5.0%	418,1 k €	+40.5%	297,7 k €	+2.6%	290,2 k €	+7.5%	269,9 k €	+47.4%	183,1 k €	+187%	63,9 k €	+35.4%	47,2 k €	+1.1%	46,7 k €	-52.0%	97,3 k €	+49.1%	65,3 k €	+54.1%	42,4 k €	+273%	11,4 k €
Debts	955 k €	+48.7%	642,4 k €	+17.0%	549,1 k €	-27.4%	755,9 k €	-17.3%	914,4 k €	+16.1%	787,8 k €	+5.8%	744,4 k €	-7.8%	807,3 k €	-6.3%	861,4 k €	-9.3%	949,6 k €	-12.0%	1,1 M €	-4.7%	1,1 M €	-10.0%	1,3 M €	+35.4%	929,3 k €	+7.9%	861,2 k €	+92.9%	446,5 k €	+3.4%	431,8 k €	-34.9%	662,9 k €	+19.0%	557,1 k €	+3.8%	537 k €	+45.7%	368,6 k €
Other
Workforce	5,6 ETP	-12.5%	6,4 ETP	-5.9%	6,8 ETP	+15.3%	5,9 ETP	-1.7%	6,0 ETP	-13.0%	6,9 ETP	+6.2%	6,5 ETP	+20.4%	5,4 ETP	+3.8%	5,2 ETP	+13.0%	4,6 ETP	-2.1%	4,7 ETP	+17.5%	4,0 ETP	+11.1%	3,6 ETP	+63.6%	2,2 ETP	-8.3%	2,4 ETP	+26.3%	1,9 ETP	+5.6%	1,8 ETP	+63.6%	1,1 ETP	-47.6%	2,1 ETP	+5.0%	2,0 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 1 ended

Active mandates

ANN VANDEZANDE

Manager

Active

DANNY VERHELST

Manager

Active

Ended mandates

ANN VANDEZANDE

Manager · since 13 février 2006

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/06/2026	03/06/2025	20/06/2024	06/06/2023	25/08/2022	25/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	16/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	03/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	20/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	06/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	21/08/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	03/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	18/02/2016	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	20/12/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	27/05/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	28/05/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	29/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	30/08/2007	Dutch	PDF
Abridged modelCorrection	31/12/2005	30/04/2006	10/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 1 ended

Active mandates

ANN VANDEZANDE

Manager

Active

DANNY VERHELST

Manager

Active

Ended mandates

ANN VANDEZANDE

Manager · since 13 février 2006

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/08/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/03/2006
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202580,2 k €↓
2024
Annual accounts 202486,9 k €↓
2023
Annual accounts 2023232,4 k €↑
2022
Annual accounts 2022124,7 k €↓
2021
Annual accounts 2021328,4 k €↑
2020
Annual accounts 2020181 k €↑
2019
Annual accounts 2019108,9 k €↑
2018
Annual accounts 201876,5 k €↑
2017
Annual accounts 201748 k €↓
2016
Annual accounts 2016126,5 k €↑
2015
Annual accounts 201577,6 k €↓
2014
Annual accounts 201480,8 k €↓
2013
Annual accounts 2013253,7 k €↑
2012
Annual accounts 201270,3 k €↓
2011
Annual accounts 201182,8 k €↑
2010
Annual accounts 201047,8 k €↓
2009
Annual accounts 2009108,2 k €↑
2008
Annual accounts 2008-10,8 k €↓
2007
Annual accounts 200791,4 k €↑
2006
Annual accounts 200629,6 k €↓
2005
Annual accounts 200579,4 k €
17/09/1987
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DEKORATIEF

Overview

What does DEKORATIEF do?

Trend over 21 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline