DE CLERCQ PROJECTS
InactiveDE CLERCQ PROJECTS was declared bankrupt on 25-06-2024 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed for insufficient assets by judgment of 09-09-2025, published in the Belgian State Gazette on 12-09-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-08-2022, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
22 d late
2020
67 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€211,994▼ 1.9%
2020 · €216,161
Total assets
€299,452▼ 33.6%
2020 · €451,031
Net result
-€4,166▼ 805%
2020 · -€461
Working capital
€250,586▼ 15.5%
2020 · €296,462
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€71,019-€189,796▲ 167%-€10,779€8,022
Net result€47,650-€118,628▲ 149%-€461-€4,166▼ 805%
Equity€97,994-€216,621▲ 121%€216,161▼ 0.2%€211,994▼ 1.9%
Total assets€182,765-€369,836▲ 102%€451,031▲ 22.0%€299,452▼ 33.6%
Debt€84,771-€153,215▲ 80.7%€234,870▲ 53.3%€87,458▼ 62.8%
Working capital€86,933-€238,054▲ 174%€296,462▲ 24.5%€250,586▼ 15.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €8,022 after a loss of €10,779 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €299,452
Fixed assets
€10,903 ▲ 94.4%
Current assets
€288,549 ▼ 35.2%
Equity and liabilities €299,452
Equity
€211,994 ▼ 1.9%
Debt
€87,458 ▼ 62.8%
Debt's share of the balance-sheet total falls from 52.1% to 29.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9,249▲
2020 · -€10,706
Cash flow
-€2,939▼
2020 · -€387
Current ratio
7.60▲
2020 · 2.99
Debt to equity
0.41▲
2020 · 0.14
ROE
-2.0%▼
2020 · -0.2%
ROA
-1.4%▼
2020 · -0.1%
Interest coverage
0.84
Debt ≤ 1 year
€37,963▼
2020 · €148,960
Debt > 1 year
€11,724▼
2020 · €29,243
Income taxes
€8,991▲
2020 · -€14,219
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,504 | - | €73 | €1,227 | ▲ 1,576% |
| Other operating charges640/8 | - | - | - | €1,213 | - |
| Non-recurring operating charges66A | - | - | - | €2,110 | - |
| Gross operating margin9900 | €88,749 | €185,121 | -€8,768 | €12,572 | ▲ 243% |
| Operating profit (loss)9901 | €71,019 | €189,796 | -€10,779 | €8,022 | ▲ 174% |
| Financial income75/76B | - | - | - | €7,810 | - |
| Recurring financial income75 | €56 | €82 | €8,494 | €7,810 | ▼ 8.1% |
| Financial charges65/66B | - | - | - | €11,007 | - |
| Recurring financial charges65 | €2,414 | €7,923 | €12,395 | €11,007 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | €68,661 | €181,956 | -€14,680 | €4,824 | ▲ 133% |
| Income taxes67/77 | €21,011 | €63,328 | -€14,219 | €8,991 | ▲ 163% |
| Profit (loss) for the period9904 | €47,650 | €118,628 | -€461 | -€4,166 | ▼ 805% |
| Transfer from tax-exempt reserves789 | - | - | - | €11,463 | - |
| Profit (loss) for the period to be appropriated9905 | €47,650 | €118,628 | -€461 | €7,297 | ▲ 1,684% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €182,765 | €369,836 | €451,031 | €299,452 | ▼ 33.6% |
| Fixed assets21/28 | €18,560 | €2,052 | €5,609 | €10,903 | ▲ 94.4% |
| Intangible fixed assets21 | €400 | - | - | - | - |
| Tangible fixed assets22/27 | €16,109 | - | €3,557 | €8,851 | ▲ 149% |
| Plant, machinery and equipment23 | - | - | - | €1,441 | - |
| Furniture and vehicles24 | - | - | - | €7,410 | - |
| Financial fixed assets28 | €2,052 | €2,052 | €2,052 | €2,052 | = |
| Current assets29/58 | €164,204 | €367,785 | €445,422 | €288,549 | ▼ 35.2% |
| Amounts receivable after more than one year29 | - | - | - | €225,000 | - |
| Other amounts receivable291 | - | - | - | €225,000 | - |
| Stocks and contracts in progress3 | €46,278 | - | - | - | - |
| Amounts receivable within one year40/41 | €30,487 | €334,388 | €83,615 | €9,025 | ▼ 89.2% |
| Trade receivables40 | - | - | - | €903 | - |
| Other amounts receivable41 | - | - | - | €8,123 | - |
| Cash at bank and in hand54/58 | €46,236 | €200 | €3,757 | €29,966 | ▲ 697% |
| Deferred charges and accrued income490/1 | - | - | - | €24,558 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €182,765 | €369,836 | €451,031 | €299,452 | ▼ 33.6% |
| Equity10/15 | €97,994 | €216,621 | €216,161 | €211,994 | ▼ 1.9% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | - |
| Reserves13 | €85,393 | €203,393 | €203,393 | €199,180 | ▼ 2.1% |
| Distributable reserves133 | - | - | - | €199,180 | - |
| Profit (loss) carried forward14 | €200 | €828 | €368 | €414 | ▲ 12.7% |
| Amounts payable17/49 | €84,771 | €153,215 | €234,870 | €87,458 | ▼ 62.8% |
| Amounts payable after more than one year17 | €7,500 | €23,485 | €29,243 | €11,724 | ▼ 59.9% |
| Financial debts170/4 | - | - | - | €11,724 | - |
| Amounts payable within one year42/48 | €77,271 | €129,730 | €148,960 | €37,963 | ▼ 74.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €20,873 | - |
| Trade debts44 | €26,234 | €3,811 | €10,194 | €2,315 | ▼ 77.3% |
| Suppliers440/4 | - | - | - | €2,315 | - |
| Taxes, remuneration and social security45 | - | - | - | €12,500 | - |
| Taxes450/3 | - | - | - | €12,500 | - |
| Other amounts payable47/48 | - | - | - | €2,276 | - |
| Accrued charges and deferred income492/3 | - | - | - | €37,770 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,650 | €118,628 | -€461 | -€4,166 | ▼ 805% |
| + Depreciation and write-downs630 | €14,504 | - | €73 | €1,227 | ▲ 1,576% |
| Operating cash flow (approximation) | €62,154 | €118,628 | -€387 | -€2,939 | ▼ 659% |
| Investment in fixed assets (approximation) | - | €16,509 | -€3,630 | -€6,522 | ▼ 79.7% |
| Change in cash | - | -€46,036 | €3,558 | €26,208 | ▲ 637% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
12-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 09-09-2025
2024
01-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 25-06-2024
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet -€4,166
Net result drops to -€4,166, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 7.60
Current ratio from 2.99 to 7.60; short-term debt falls from €148,960 to €37,963.
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Highest result since 2018net €118,628 ▲149%
Operating result €189,796, net result €118,628, both a record.
31-12
Financial
Equity above €200,000Eq €216,621 ▲121%
2 profitable years in a row build equity to €216,621.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Show earlier events
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 31 days late
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Yves PYNAERT KORTRIJKSE HEERWEG 80, 8540 DEER-
LIJK |
25-06-2024 → 09-09-2025 |