DECLAR
ActiveSummary
The computed 12-month bankruptcy probability of DECLAR is 2.2% (moderate). The 2025 annual accounts show equity of €122,913 and a net result of €19,608. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 50% of 997 sector peers (NACE 10, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19,608▼ 8.3%
2024 · €21,383
Working capital
-€73,357▼ 10.6%
2024 · -€66,337
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 15% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€30,483
2025
Net result€19,608
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€366,109
2025
Equity€122,913
2025
Debt€243,196
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€73,357
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)5.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency33.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.25
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.8
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€34,374-€28,830▼ 16.1%€35,178▲ 22.0%-€3,997€37,609€21,906▼ 41.8%€35,989▲ 64.3%€30,483▼ 15.3%
Net result€22,157-€19,822▼ 10.5%€24,518within the sector's middle half▲ 23.7%-€5,035below the sector's middle half€20,216within the sector's middle half€10,545within the sector's middle half▼ 47.8%€21,383within the sector's middle half▲ 103%€19,608within the sector's middle half▼ 8.3%
Equity€11,857-€31,678▲ 167%€56,197within the sector's middle half▲ 77.4%€51,162within the sector's middle half▼ 9.0%€71,377below the sector's middle half▲ 39.5%€81,922below the sector's middle half▲ 14.8%€103,305below the sector's middle half▲ 26.1%€122,913within the sector's middle half▲ 19.0%
Total assets€38,149-€47,471▲ 24.4%€68,884below the sector's middle half▲ 45.1%€93,657within the sector's middle half▲ 36.0%€370,609below the sector's middle half▲ 296%€368,519below the sector's middle half▼ 0.6%€352,276below the sector's middle half▼ 4.4%€366,109within the sector's middle half▲ 3.9%
Debt€26,293-€15,793▼ 39.9%€12,688▼ 19.7%€42,495▲ 235%€299,231▲ 604%€286,596▼ 4.2%€248,971▼ 13.1%€243,196▼ 2.3%
Working capital€7,164-€28,511▲ 298%€53,845above the sector's middle half▲ 88.9%€49,081within the sector's middle half▼ 8.8%-€43,151within the sector's middle half-€60,020below the sector's middle half▼ 39.1%-€66,337below the sector's middle half▼ 10.5%-€73,357below the sector's middle half▼ 10.6%
Solvency31.1%-66.7%▲ 35.7pp81.6%above the sector's middle half▲ 14.8pp54.6%within the sector's middle half▼ 27.0pp19.3%within the sector's middle half▼ 35.4pp22.2%within the sector's middle half▲ 3.0pp29.3%within the sector's middle half▲ 7.1pp33.6%within the sector's middle half▲ 4.2pp
Current ratio1.28-2.81▲ 1.535.29above the sector's middle half▲ 2.492.16above the sector's middle half▼ 3.130.40below the sector's middle half▼ 1.760.30below the sector's middle half▼ 0.090.13below the sector's middle half▼ 0.170.25below the sector's middle half▲ 0.12
Return on assets (ROA)58.1%-41.8%▼ 16.3pp35.6%above the sector's middle half▼ 6.2pp-5.4%below the sector's middle half▼ 41.0pp5.5%within the sector's middle half▲ 10.8pp2.9%within the sector's middle half▼ 2.6pp6.1%within the sector's middle half▲ 3.2pp5.4%within the sector's middle half▼ 0.7pp
Staff (FTE)1-1=1below the sector's middle half=1=1.3below the sector's middle half▲ 30.0%2.7below the sector's middle half▲ 108%0.8below the sector's middle half▼ 70.4%
above
within
below
the middle half of NACE 10, Manufacture of food products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €366,109
Fixed assets
€341,015 ▼ 0.4%
Current assets
€25,094 ▲ 151%
Equity and liabilities €366,109
Equity
€122,913 ▲ 19.0%
Debt
€243,196 ▼ 2.3%
Debt's share of the balance-sheet total falls from 70.7% to 66.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,787▼
2024 · €36,294
Cash flow
€20,911▼
2024 · €21,688
Debt to equity
1.98▼
2024 · 2.41
ROE
16.0%▼
2024 · 20.7%
Interest coverage
8.81▲
2024 · 7.34
Debt ≤ 1 year
€98,451▲
2024 · €76,323
Debt > 1 year
€144,348▼
2024 · €172,188
Income taxes
€7,267▼
2024 · €9,663
Staff costs
-€30▼
2024 · €9,887
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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €43,697 | €14,596 | €32,864 | €9,887 | -€30 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,812 | €769 | €670 | €247 | - | - | €305 | €1,303 | ▲ 327% |
| Other operating charges640/8 | - | - | - | €853 | €740 | €801 | €2,524 | €1,185 | ▼ 53.1% |
| Gross operating margin9900 | €81,527 | €69,883 | €79,689 | €40,801 | €52,945 | €55,570 | €48,705 | €32,941 | ▼ 32.4% |
| Operating profit (loss)9901 | €34,374 | €28,830 | €35,178 | -€3,997 | €37,609 | €21,906 | €35,989 | €30,483 | ▼ 15.3% |
| Financial income75/76B | - | - | - | €2 | €0 | €17 | - | - | - |
| Recurring financial income75 | €1 | €0 | €504 | €2 | €0 | €17 | - | - | - |
| Financial charges65/66B | - | - | - | €788 | €9,867 | €4,923 | €4,943 | €3,608 | ▼ 27.0% |
| Recurring financial charges65 | €141 | €577 | €828 | €788 | €9,867 | €4,923 | €4,943 | €3,608 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | €34,233 | €28,254 | €34,854 | -€4,783 | €27,742 | €17,000 | €31,046 | €26,875 | ▼ 13.4% |
| Income taxes67/77 | €12,077 | €8,432 | €10,335 | €252 | €7,527 | €6,455 | €9,663 | €7,267 | ▼ 24.8% |
| Profit (loss) for the period9904 | €22,157 | €19,822 | €24,518 | -€5,035 | €20,216 | €10,545 | €21,383 | €19,608 | ▼ 8.3% |
| Profit (loss) for the period to be appropriated9905 | €22,157 | €19,822 | €24,518 | -€5,035 | €20,216 | €10,545 | €21,383 | €19,608 | ▼ 8.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €38,149 | €47,471 | €68,884 | €93,657 | €370,609 | €368,519 | €352,276 | €366,109 | ▲ 3.9% |
| Fixed assets21/28 | €5,007 | €3,167 | €2,497 | €2,250 | €342,250 | €342,250 | €342,290 | €341,015 | ▼ 0.4% |
| Tangible fixed assets22/27 | €2,757 | €917 | €247 | €0 | €0 | €0 | €2,290 | €1,015 | ▼ 55.7% |
| Furniture and vehicles24 | - | - | - | €0 | €0 | €0 | €2,290 | €1,015 | ▼ 55.7% |
| Financial fixed assets28 | €2,250 | €2,250 | €2,250 | €2,250 | €342,250 | €342,250 | €340,000 | €340,000 | = |
| Current assets29/58 | €33,143 | €44,304 | €66,388 | €91,407 | €28,359 | €26,269 | €9,985 | €25,094 | ▲ 151% |
| Amounts receivable within one year40/41 | €12,911 | €28,431 | €20,537 | €82,119 | €22,230 | €19,536 | €117 | €20,871 | ▲ 17,809% |
| Trade receivables40 | - | - | - | €62,706 | €0 | €12,037 | €66 | €20,402 | ▲ 30,935% |
| Other amounts receivable41 | - | - | - | €19,413 | €22,230 | €7,499 | €51 | €468 | ▲ 821% |
| Cash at bank and in hand54/58 | €20,138 | €15,777 | €44,765 | €8,063 | €4,868 | €6,102 | €9,730 | €4,080 | ▼ 58.1% |
| Deferred charges and accrued income490/1 | - | - | - | €1,226 | €1,261 | €630 | €138 | €143 | ▲ 3.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €38,149 | €47,471 | €68,884 | €93,657 | €370,609 | €368,519 | €352,276 | €366,109 | ▲ 3.9% |
| Equity10/15 | €11,857 | €31,678 | €56,197 | €51,162 | €71,377 | €81,922 | €103,305 | €122,913 | ▲ 19.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,108 | €20,860 | €44,860 | €44,860 | €44,860 | €55,360 | €55,360 | €55,360 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €43,000 | €43,000 | €55,360 | €55,360 | €55,360 | = |
| Profit (loss) carried forward14 | €4,549 | €4,618 | €5,137 | €102 | €20,317 | €20,362 | €41,745 | €61,353 | ▲ 47.0% |
| Amounts payable17/49 | €26,293 | €15,793 | €12,688 | €42,495 | €299,231 | €286,596 | €248,971 | €243,196 | ▼ 2.3% |
| Amounts payable after more than one year17 | - | - | - | - | €227,135 | €199,784 | €172,188 | €144,348 | ▼ 16.2% |
| Financial debts170/4 | - | - | - | - | €227,135 | €199,784 | €172,188 | €144,348 | ▼ 16.2% |
| Amounts payable within one year42/48 | €25,979 | €15,793 | €12,542 | €42,326 | €71,509 | €86,289 | €76,323 | €98,451 | ▲ 29.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | €30,371 | €30,601 | €30,846 | €31,090 | ▲ 0.8% |
| Trade debts44 | €4,765 | €6,685 | €1,520 | €4,886 | €3,274 | €14,902 | €3,430 | €24,846 | ▲ 624% |
| Suppliers440/4 | - | - | - | €4,886 | €3,274 | €14,902 | €3,430 | €24,846 | ▲ 624% |
| Taxes, remuneration and social security45 | - | - | - | €8,938 | €5,796 | €11,717 | €10,246 | €9,631 | ▼ 6.0% |
| Taxes450/3 | - | - | - | €3,009 | €3,197 | €4,921 | €8,546 | €9,631 | ▲ 12.7% |
| Remuneration and social security454/9 | - | - | - | €5,930 | €2,599 | €6,796 | €1,700 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €28,501 | €32,069 | €29,069 | €31,801 | €32,885 | ▲ 3.4% |
| Accrued charges and deferred income492/3 | - | - | - | €169 | €587 | €524 | €460 | €397 | ▼ 13.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,157 | €19,822 | €24,518 | -€5,035 | €20,216 | €10,545 | €21,383 | €19,608 | ▼ 8.3% |
| + Depreciation and write-downs630 | €1,812 | €769 | €670 | €247 | - | - | €305 | €1,303 | ▲ 327% |
| Operating cash flow (approximation) | €23,969 | €20,591 | €25,188 | -€4,788 | €20,216 | €10,545 | €21,688 | €20,911 | ▼ 3.6% |
| Investment in fixed assets (approximation) | - | €1,070 | €0 | €0 | -€340,000 | €0 | -€345 | -€28 | ▲ 92.0% |
| Change in cash | - | -€4,361 | €28,987 | -€36,702 | -€3,196 | €1,235 | €3,628 | -€5,650 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-07-2026 | 2026-00284994 |
| 31-12-2024 | full format | 28-08-2025 | 2025-00420014 |
| 31-12-2023 | full format | 23-09-2024 | 2024-00473461 |
| 31-12-2022 | full format | 29-08-2023 | 2023-00418273 |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20397894 |
| 31-12-2020 | micro format | 25-08-2021 | 2021-53800370 |
| 31-12-2019 | micro format | 07-08-2020 | 2020-40000095 |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49600085 |
Similar companies · same sector, comparable size
BOUCHERIE BODSON
BE 0785.291.412
Durbuy · equity €121,435
SCHIFFLER
BE 0745.476.573
Theux · equity €120,327
C.L.Vian
BE 0788.998.394
Grâce-Hollogne · equity €120,069
MAJE BOUCHERIE
BE 1017.644.024
Rochefort · equity €126,835
KASAP SADIK
BE 0831.508.546
Schaarbeek · equity €127,027
Of the 582 active companies whose main activity is manufacture of food products (NACE 10111), figures are known for 326. 233 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.