Active BE 0454.865.167Public limited company

DECLERCK

Industriestraat(ICH) 20 ·8480 Ichtegem, Belgium· 31 yrs active

Sector: Wholesale of electrical household appliances and audio-video equipment (46431)

Conclusion Checked

DECLERCK has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €477k and a net result of €77k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 7728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€477k
Net result	€77k
Staff (FTE)	1
Better than sector	66%

Financial profile 5 of 5 axes measured · computed by Checked

85 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 90

Profitability 80

Solvency 99

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.3% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1995, 31 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

90 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€45k

estimate, not credit advice

Score history

86 2021

100 2022

98 2023

100 2024

90 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.08 (≥ 1.5) +10

Quick ratio Quick ratio 1.32 (≥ 1.0) +5

Leverage Debt/equity 0.65 (< 1.0) +10

Profitability ROE 16% (≥ 10%) +10

Interest coverage Interest coverage 601.1× (≥ 3×) +8

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview30 NBB filings

Annual accounts filed on 23-05-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~3.4%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	60.6%	44.7%	better than 66% of 7728 sector peers
Net result	€77k	€31k	better than 65% of 7722 sector peers
Equity	€477k	€398k	better than 55% of 7736 sector peers
Gross operating margin	€215k	€211k	better than 50% of 7708 sector peers
Staff costs	€64k	€189k	higher than 23% of 4872 sector peers

EBITDA

€147k

-17.2% 21-25

Net profit

€77k

-30.1% 21-25

Cash flow

€117k

-18.3% 21-25

Total assets

€787k

-1.3% 21-25

Equity

€477k

-19.0% 21-25

Working capital

€332k

-20.0% 21-25

Employees (FTE)

1

0.0% 21-25

Staff costs

€64k

+7.5% 21-25

Income taxes

€34k

-0.1% 21-25

Dividends

€188k

+284.5% 21-25

Debt

€310k

+48.9% 21-25

Debt ≤ 1y

€309k

+48.4% 21-25

Current ratio

2.08

-30.7% 21-25

Quick ratio

1.32

-26.8% 21-25

Solvency

60.6%

-18.0% 21-25

Debt / equity

0.65

+83.8% 21-25

ROE

16.1%

-13.7% 21-25

ROA

9.7%

-29.2% 21-25

Interest coverage

601.07

+75.5% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-	-
EBITDA	€147k	€177k	€141k	€115k	€67k
Net profit	€77k	€110k	€80k	€65k	€32k
Cash flow	€117k	€144k	€103k	€88k	€57k
Staff costs	€64k	€59k	€59k	€54k	€47k
Income taxes	€34k	€34k	€38k	€27k	€10k
Dividends	€188k	€49k	€145k	€36k	€14k
Total assets	€787k	€797k	€746k	€811k	€639k
Equity	€477k	€589k	€528k	€592k	€562k
Debt	€310k	€208k	€218k	€219k	€77k
of which ≤ 1y	€309k	€208k	€218k	€215k	€49k
of which > 1y	-	-	-	-	-
Working capital	€332k	€415k	€384k	€490k	€475k
Employees (FTE)	1.0	1.0	1.1	1.1	2.0

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	2.08	2.99	2.76	3.28	10.72
Quick ratio	1.32	1.80	1.35	1.66	5.47
Working capital ratio	42.2%	52.1%	51.4%	60.5%	74.3%
Solvency	60.6%	73.9%	70.8%	73.0%	88.0%
Debt / equity	0.65	0.35	0.41	0.37	0.14
Long-term debt ratio	-	-	-	-	-
Interest coverage	601.07	342.43	955.29	782.96	336.48
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	9.7%	13.8%	10.8%	8.1%	5.0%
ROE	16.1%	18.6%	15.2%	11.0%	5.7%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €146k · 18.6% Current assets €641k · 81.4%

Equity & liabilities

Equity €477k · 60.6% Debt €310k · 39.4%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€787k	€797k	€746k	€811k	€639k
Fixed assets	21/28	€146k	€174k	€144k	€106k	€115k
Intangible fixed assets	21	€265	€752	€1k	€2k	€2k
Tangible fixed assets	22/27	€146k	€173k	€143k	€104k	€113k
Current assets	29/58	€641k	€623k	€602k	€705k	€524k
Stocks & contracts in progress	3	€234k	€249k	€307k	€349k	€256k
Amounts receivable within one year	40/41	€43k	€30k	€12k	€85k	€49k
Investments	50/53	-	€200k	-	-	-
Cash & bank	54/58	€350k	€132k	€276k	€264k	€211k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€787k	€797k	€746k	€811k	€639k
Equity	10/15	€477k	€589k	€528k	€592k	€562k
Contributions / capital	10/11	€174k	€174k	€174k	€174k	€174k
Reserves	13	€303k	€415k	€354k	€418k	€388k
Amounts payable	17/49	€310k	€208k	€218k	€219k	€77k
Amounts payable within one year	42/48	€309k	€208k	€218k	€215k	€49k
Trade debts payable within one year	44	€31k	€9k	€7k	€13k	€12k
Income statement
Gross operating margin	9900	€215k	€241k	€203k	€172k	€117k
Operating result	9901	€106k	€143k	€118k	€92k	€42k
Financial income	75	€5k	€1k	€1k	€65	€11
Financial charges	65	€245	€518	€147	€147	€199
Result before taxes	9903	€111k	€144k	€119k	€92k	€42k
Income taxes	67/77	€34k	€34k	€38k	€27k	€10k
Net result for the period	9904	€77k	€110k	€80k	€65k	€32k
Result to be appropriated	9905	€77k	€110k	€80k	€65k	€52k

Legal Structure

NACE primary	Wholesale of electrical household appliances and audio-video equipment(46431)
Legal form	Public limited company(014)
Incorporation	28-03-1995
Status	Active
Postal code	8480

Establishment units 1 location

DECLERCK N.V.

Industriestraat(ICH) 20, 8480 IchtegemNACE 3612201

since 19962.071.415.796

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35006A0513/00T000	Flanders	1,557 m²	1 · 607 m²	6.1 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 12Financial 1Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

23-05

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

27-05

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2021net €110k ▲36.5%

Operating result €143k, net result €110k, both a record.

06-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

07-12

State Gazette act Director changes

Pieter STEYAERT

25-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

07-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

27-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

18-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

18-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

23-05

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

31-05

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

07-12-2023 Change in the board of directors Director changes·Pieter STEYAERT

Notary: Pieter STEYAERT · Ichtegem

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "substantive_delegation",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "DECLERCK Willy",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "DECLERCK Robby",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "FEYS Davy",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "DECLERCK Willy",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "DECLERCK Robby",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "DECLERCK Willy",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "DECLERCK Robby",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "lasthebber_ad_hoc",
      "person": {
        "rrn": null,
        "name": "DEVRIENDT Ilona",
        "address": "8480 Ichtegem, Zuidstraat 129",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "Pieter STEYAERT",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Ichtegem",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-07",
    "filing_date": "2023-12-04",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-12-04",
      "unanimous": null
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-04",
      "unanimous": null
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-04",
      "unanimous": null
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-04",
      "unanimous": null
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-04",
      "unanimous": null
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-04",
      "unanimous": null
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-04",
      "unanimous": null
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-04",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0454.865.167",
    "name_full": "DECLERCK",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Wholesale of electrical household appliances and audio-video equipment46431Retail sale of electrical household appliances47540Other specialised construction activities43990Specialised construction activities439994525052450

Names & trade names

Legal nameNL

DECLERCK

Similar companies Comparable size · 676 of 972 companies in this sector with filed accounts

ELECTRO KERFS BE 0452.905.866 · Oudsbergen

VISION BE 0417.133.553 · Schaarbeek

LKS TRADE BE 0876.646.210 · Liège

HOBROCO BE 0422.797.363 · Izegem

Claro BE 0424.309.771 · Kuurne