DECLAR
ActiveDECLAR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123k and a net result of €20k. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 796 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-1
Solvency59▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.13 in 2024; short-term debt: 26.9% and cash: 1.1% of total assets), and 66.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.6%
Return on assets
5.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
25 d early
2024
28 d late
2023
54 d late
2022
29 d late
2021
26 d late
2020
25 d late
2019
7 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20k▼ 8.3%
2024 · €21k
2018: €22k
2019: €20k
2020: €25k
2021: €-5k
2022: €20k
2023: €11k
2024: €21k
2018 → 2025
Working capital
€-73k▼ 10.6%
2024 · €-66k
2018: €7k
2019: €29k
2020: €54k
2021: €49k
2022: €-43k
2023: €-60k
2024: €-66k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€71k▲ 39.5%€82k▲ 14.8%€103k▲ 26.1%€123k▲ 19.0%
Operating result€-4k-€38k€22k▼ 41.8%€36k▲ 64.3%€30k▼ 15.3%
Net result€-5k-€20k€11k▼ 47.8%€21k▲ 103%€20k▼ 8.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €366k
Fixed assets
€341k▼ 0.4%
Current assets
€25k▲ 151%
Equity and liabilities €366k
Equity
€123k▲ 19.0%
Debt
€243k▼ 2.3%
The debt ratio falls from 70.7% to 66.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▼
2024 · €36k
Cash flow
€21k▼
2024 · €22k
Solvency
33.6%▲
2024 · 29.3%
Current ratio
0.25▲
2024 · 0.13
Quick ratio
0.25▲
2024 · 0.13
Debt / equity
1.98▼
2024 · 2.41
ROE
16.0%▼
2024 · 20.7%
ROA
5.4%▼
2024 · 6.1%
Interest coverage
8.81▲
2024 · 7.34
Debt
€243k▼
2024 · €249k
Debt ≤ 1 year
€98k▲
2024 · €76k
Debt > 1 year
€144k▼
2024 · €172k
Income taxes
€7k▼
2024 · €10k
Staff costs
€-30▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€352k€366k▲
Fixed assets21/28€342k€341k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€340k€340k=
Current assets29/58€10k€25k▲
Amounts receivable within one year40/41€117€21k▲
Trade receivables40€66€20k▲
Other amounts receivable41€51€468▲
Cash at bank and in hand54/58€10k€4k▼
Deferred charges and accrued income490/1€138€143▲
Equity and liabilities
Total equity and liabilities10/49€352k€366k▲
Equity10/15€103k€123k▲
Contributions10/11€6k€6k=
Reserves13€55k€55k=
Distributable reserves133€55k€55k=
Profit (loss) carried forward14€42k€61k▲
Amounts payable17/49€249k€243k▼
Amounts payable after more than one year17€172k€144k▼
Financial debts170/4€172k€144k▼
Amounts payable within one year42/48€76k€98k▲
Current portion of amounts payable after more than one year42€31k€31k▲
Trade debts44€3k€25k▲
Suppliers440/4€3k€25k▲
Taxes, remuneration and social security45€10k€10k▼
Taxes450/3€9k€10k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€32k€33k▲
Accrued charges and deferred income492/3€460€397▼
Income statement
Code20242025
Remuneration, social security and pensions62€10k€-30▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€305€1k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€49k€33k▼
Operating profit (loss)9901€36k€30k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€31k€27k▼
Income taxes67/77€10k€7k▼
Profit (loss) for the period9904€21k€20k▼
Profit (loss) for the period to be appropriated9905€21k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€61k▲
Profit (loss) brought forward from the previous period14P€20k€42k▲
Social balance
Average headcount (FTE)90870.8-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Equity above €100kEq €103k ▲26.1%
3 profitable years in a row build equity to €103k.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 54 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €-5k ▼121%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Highest result since 2018net €25k ▲23.7%
Net result €25k, the highest in the series.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.81
Current ratio from 1.28 to 2.81; short-term debt falls from €26k to €16k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
Registered office, Modave · 2 establishment units since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Ferrée 54577 ModaveGround area
928 m²
Building footprint
233 m²
Volume, LiDAR
1,224 m³
2 parcels, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Declar
since 20172.269.414.473
Boucherie Walmag
since 20222.335.605.887
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61049A0001/00C000 | Wallonia | 837 m² | 1 · 163 m² | 4.4 m · 1 fl. |
| 62814C0215/00S002 | Wallonia | 90 m² | 1 · 69 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0785.291.412
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SCHIFFLER
BE 0745.476.573
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C.L.Vian
BE 0788.998.394
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JAN NIETVELT
BE 0830.670.089
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KASAP SADIK
BE 0831.508.546
Schaarbeek · Eq €127k
Of 599 companies in sector 10111 we hold annual accounts for 329. 238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-10-2017
Fiscal year end31-12
Activities, NACEBEL
10110Manufacture of food products
10111Manufacture of food products
10120Manufacture of food products
10130Manufacture of food products
43110Demolition
43910Bricklaying and masonry work
43994Specialised construction activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.