ACTIVE

DECODAL

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Financial year 2025 · closed on 30/09/2025

Net result

1,5 k €

+21.8% YoY

Gross margin

157,2 k €

+4.2% YoY

Equity

190 k €

+0.8% YoY

What does DECODAL do?

DECODAL is a Private limited company incorporated in 1991. Its registered office is in Halle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.728.280

Incorporation

01/02/1991

Legal form

Private limited company

Registered office

Berendries 147
1502 Halle · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	157,2 k €	+4.2%	150,9 k €	-66.2%	445,8 k €	+50.8%	295,6 k €	+44.6%	204,5 k €	-61.4%	530,3 k €	+119%	242,2 k €	-6.7%	259,5 k €	+9.6%	236,8 k €	+1.5%	233,3 k €	-23.8%	306,1 k €	+26.3%	242,4 k €	+113%	113,6 k €	-44.1%	203,3 k €	+10.4%	184,1 k €	-4.2%	192,1 k €	+47.2%	130,5 k €	+2.8%	126,9 k €	+47.2%	86,2 k €
EBITDA	26 k €	-29.1%	36,7 k €	-76.7%	157,3 k €	+1489%	9,9 k €	-82.4%	56,2 k €	-27.2%	77,3 k €	+122%	34,8 k €	-2.0%	35,5 k €	-14.3%	41,5 k €	-17.3%	50,2 k €	-61.5%	130,3 k €	+17.2%	111,2 k €	+346%	-45,3 k €	-172%	63,1 k €	+10.1%	57,3 k €	+42.0%	40,3 k €	+125%	17,9 k €	-47.5%	34,2 k €	+359%	-13,2 k €
Operating result	-4 k €	-264%	2,4 k €	-98.1%	126 k €	+220%	39,4 k €	+38.8%	28,4 k €	-19.3%	35,2 k €	+278%	9,3 k €	+4.8%	8,9 k €	-44.2%	15,9 k €	-7.5%	17,2 k €	-83.7%	105,5 k €	+21.2%	87,1 k €	+222%	-71,3 k €	-321%	32,2 k €	+19.4%	27 k €	+125%	12 k €	+233%	-9,1 k €	-217%	7,8 k €	+126%	-29,8 k €
Net result	1,5 k €	+21.8%	1,2 k €	-97.5%	48,1 k €	+57.1%	30,6 k €	-56.0%	69,6 k €	+280%	18,3 k €	+592%	2,6 k €	+90.5%	1,4 k €	-64.7%	3,9 k €	+339%	895,6 €	-98.9%	84,9 k €	+63.6%	51,9 k €	+159%	-87,6 k €	-527%	20,5 k €	+42.3%	14,4 k €	+888%	1,5 k €	+108%	-17,2 k €	-93.4%	-8,9 k €	+77.3%	-39,3 k €
Balance sheet
Equity	190 k €	+0.8%	188,5 k €	+0.6%	187,3 k €	+34.6%	139,2 k €	+28.2%	108,5 k €	+179%	39 k €	+88.5%	20,7 k €	+14.7%	18 k €	+8.3%	16,6 k €	+30.9%	12,7 k €	+7.6%	11,8 k €	+118%	-66,1 k €	+44.0%	-118 k €	-289%	-30,3 k €	+40.3%	-50,8 k €	+22.1%	-65,3 k €	+2.2%	-66,7 k €	-34.8%	-49,5 k €	-21.9%	-40,6 k €
Total assets	510,2 k €	+15.1%	443,2 k €	-28.0%	615,3 k €	+22.0%	504,4 k €	-0.8%	508,3 k €	+15.6%	439,9 k €	+12.2%	392 k €	+9.2%	358,9 k €	-0.5%	360,9 k €	+28.7%	280,5 k €	+64.0%	171,1 k €	-6.1%	182,2 k €	+15.7%	157,5 k €	-11.4%	177,7 k €	-15.2%	209,6 k €	+10.8%	189,2 k €	-0.6%	190,4 k €	-25.7%	256,2 k €	+57.4%	162,8 k €
Cash	41,2 k €	+550%	6,3 k €	-60.7%	16,1 k €	+40.5%	11,5 k €	-44.4%	20,6 k €	+242%	6 k €	-27.9%	8,3 k €	+2.1%	8,2 k €	-22.8%	10,6 k €	-78.2%	48,6 k €	+9.8%	44,2 k €	+52.8%	29 k €	+440%	5,4 k €	-11.2%	6 k €	+10.6%	5,5 k €	+157%	2,1 k €	+67.4%	1,3 k €	-77.9%	5,8 k €	+473%	1 k €
Debts	314,1 k €	+26.7%	247,9 k €	-39.3%	408,4 k €	+18.2%	345,4 k €	+8.0%	319,9 k €	-0.6%	321,8 k €	-13.4%	371,4 k €	+8.9%	340,9 k €	-1.0%	344,3 k €	+28.5%	267,8 k €	+69.2%	158,3 k €	-35.2%	244,1 k €	-9.0%	268,4 k €	+29.1%	208 k €	-20.1%	260,4 k €	+2.4%	254,4 k €	-1.0%	257,1 k €	-14.6%	301 k €	+48.4%	202,8 k €
Other
Workforce	–		–		–		–		7,3 ETP	-6.4%	7,8 ETP	+9.9%	7,1 ETP	-24.5%	9,4 ETP	+62.1%	5,8 ETP	+45.0%	4,0 ETP	+8.1%	3,7 ETP	+5.7%	3,5 ETP	-22.2%	4,5 ETP	+21.6%	3,7 ETP	-2.6%	3,8 ETP	-7.3%	4,1 ETP	+20.6%	3,4 ETP	+21.4%	2,8 ETP	+12.0%	2,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 6 ended

Active mandates

Ann HEREMANS

Mandate

Active

DEVILLE Bart

Mandate

Active

Ended mandates

Ann Heremans

Manager · since 01 janvier 2018

Ended

Ann HEREMANS

Director

Ended

Bart August Deville

Manager

Ended

Bart August DEVILLE

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	21 months
Filing date	30/04/2026	30/04/2025	30/04/2024	02/05/2023	02/05/2022	29/04/2021
General meeting	31/03/2026	31/03/2025	25/03/2024	27/03/2023	28/03/2022	29/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Micro model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Micro model	30/09/2023	25/03/2024	30/04/2024	Dutch	PDF
Micro model	30/09/2022	27/03/2023	02/05/2023	Dutch	PDF
Abridged model	30/09/2021	28/03/2022	02/05/2022	Dutch	PDF
Abridged model	30/09/2020	29/03/2021	29/04/2021	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	09/12/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	26/09/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	15/10/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	20/11/2014	Dutch	PDF
Abridged model	31/12/2012	30/10/2013	06/12/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	28/11/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/09/2025 · 2 active · 6 ended

Active mandates

Ann HEREMANS

Mandate

Active

DEVILLE Bart

Mandate

Active

Ended mandates

Ann Heremans

Manager · since 01 janvier 2018

Ended

Ann HEREMANS

Director

Ended

Bart August Deville

Manager

Ended

Bart August DEVILLE

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/01/2020
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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 20251,5 k €↑
2024
Annual accounts 20241,2 k €↓
2023
Annual accounts 202348,1 k €↑
2022
Annual accounts 202230,6 k €↓
2021
Annual accounts 202169,6 k €↑
2020
Annual accounts 202018,3 k €↑
2018
Annual accounts 20182,6 k €↑
2017
Annual accounts 20171,4 k €↓
2016
Annual accounts 20163,9 k €↑
2015
Annual accounts 2015895,6 €↓
2014
Annual accounts 201484,9 k €↑
2013
Annual accounts 201351,9 k €↑
2012
Annual accounts 2012-87,6 k €↓
2011
Annual accounts 201120,5 k €↑
2010
Annual accounts 201014,4 k €↑
2009
Annual accounts 20091,5 k €↑
2008
Annual accounts 2008-17,2 k €↓
2007
Annual accounts 2007-8,9 k €↑
2006
Annual accounts 2006-39,3 k €
01/02/1991
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

DECODAL

Overview

What does DECODAL do?

Trend over 19 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