Declerck Eric

Active

Public limited companyfounded 199234 yrs activeNieuwevaart 107, 9000 Gent, BelgiumKBO/BCE: BE 0446.568.994

Declerck Eric has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11.68M and a net result of €833k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 95% of 992 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

84 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability77=

Solvency100=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €950k at 30 days acceptable

Liquidity ample (current ratio 39.19 against 6.58 in 2023; short-term debt: 2.5% and cash: 13.8% of total assets), and 2.6% of the assets are financed with debt.

How do we compute the score and the probability?

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

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

97.4%

Return on assets

6.9%

Age of the figures

22 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 95

Relative position

BE, all sectors

reference

Sector 95

lower

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 27-06-2025, 3 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

3 d early

2023

6 d early

2022

10 d early

2021

9 d early

2020

4 d early

2019

6 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€11.68M▲ 7.7%

2023 · €10.84M

2018: €10.84M 2019: €10.84M 2020: €10.84M 2021: €10.84M 2022: €10.84M 2023: €10.84M

2018 → 2024

Total assets

€11.98M▼ 6.4%

2023 · €12.80M

2018: €15.23M 2019: €15.56M 2020: €12.76M 2021: €12.90M 2022: €12.38M 2023: €12.80M

2018 → 2024

Net result

€833k▼ 3.1%

2023 · €859k

2018: €712k 2019: €473k 2020: €801k 2021: €1.09M 2022: €880k 2023: €859k

2018 → 2024

Working capital

€11.59M▲ 6.9%

2023 · €10.84M

2018: €10.85M 2019: €10.73M 2020: €10.70M 2021: €10.73M 2022: €10.78M 2023: €10.84M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€10.84M-€10.84M=€10.84M=€10.84M=€11.68M▲ 7.7%

Operating result€1.15M-€1.46M▲ 27.3%€1.15M▼ 21.3%€1.08M▼ 6.0%€1.02M▼ 5.5%

Net result€801k-€1.09M▲ 36.5%€880k▼ 19.5%€859k▼ 2.4%€833k▼ 3.1%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2024 is 5% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €11.98M

99.2%

Fixed assets €91k▲ 438%

Current assets €11.89M▼ 7.0%

Equity and liabilities €11.98M

97.4%

Equity €11.68M▲ 7.7%

Debt €307k▼ 84.3%

The debt ratio falls from 15.3% to 2.6%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€1.05M▼

2023 · €1.13M

Cash flow

€860k▼

2023 · €905k

Solvency

97.4%▲

2023 · 84.7%

Current ratio

39.19▲

2023 · 6.58

Quick ratio

27.62▲

2023 · 4.06

Debt / equity

0.03▼

2023 · 0.18

ROE

7.1%▼

2023 · 7.9%

ROA

6.9%▲

2023 · 6.7%

Interest coverage

125.97▼

2023 · 139.72

Debt

€307k▼

2023 · €1.96M

Debt ≤ 1 year

€303k▼

2023 · €1.94M

Income taxes

€284k▼

2023 · €296k

Staff costs

€327k▲

2023 · €319k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€12.80M€11.98M▼

Fixed assets21/28€17k€91k▲

Tangible fixed assets22/27€17k€91k▲

Land and buildings22€4k€88k▲

Plant, machinery and equipment23€13k€2k▼

Financial fixed assets28€82€82=

Current assets29/58€12.78M€11.89M▼

Stocks and contracts in progress3€4.89M€3.51M▼

Stocks30/36€4.89M€3.51M▼

Amounts receivable within one year40/41€5.74M€3.65M▼

Trade receivables40€1.70M€838k▼

Other amounts receivable41€4.04M€2.81M▼

Current investments50/53€500k€3.02M▲

Cash at bank and in hand54/58€1.59M€1.66M▲

Deferred charges and accrued income490/1€61k€54k▼

Equity and liabilities

Total equity and liabilities10/49€12.80M€11.98M▼

Equity10/15€10.84M€11.68M▲

Contributions10/11€205k€205k=

Capital10€205k€205k=

Issued capital100€205k€205k=

Reserves13€32k€32k=

Non-distributable reserves130/1€20k€20k=

Legal reserve130€20k€20k=

Distributable reserves133€12k€12k=

Profit (loss) carried forward14€10.61M€11.44M▲

Amounts payable17/49€1.96M€307k▼

Amounts payable within one year42/48€1.94M€303k▼

Trade debts44€505k€211k▼

Suppliers440/4€505k€211k▼

Taxes, remuneration and social security45€82k€78k▼

Taxes450/3€22k€28k▲

Remuneration and social security454/9€60k€50k▼

Other amounts payable47/48€1.36M€15k▼

Accrued charges and deferred income492/3€15k€4k▼

Income statement Code20232024

Remuneration, social security and pensions62€319k€327k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€27k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€136k€23k▼

Other operating charges640/8€28k€34k▲

Gross operating margin9900€1.61M€1.43M▼

Operating profit (loss)9901€1.08M€1.02M▼

Financial income75/76B€81k€102k▲

Recurring financial income75€81k€102k▲

Financial charges65/66B€8k€8k▲

Recurring financial charges65€8k€8k▲

Profit (loss) for the period before taxes9903€1.15M€1.12M▼

Income taxes67/77€296k€284k▼

Profit (loss) for the period9904€859k€833k▼

Profit (loss) for the period to be appropriated9905€859k€833k▼

Appropriation of the result

Profit (loss) to be appropriated9906€11.47M€11.44M▼

Profit (loss) brought forward from the previous period14P€10.61M€10.61M=

Profit to be distributed694/7€859k-

Return on contributions (dividend)694€859k-

Social balance

Average headcount (FTE)90875.25.0▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

27-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

30-11

Financial Liquidity times 6current ratio 39.19

Current ratio from 6.58 to 39.19; short-term debt falls from €1.94M to €303k.

24-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

20-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

21-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-11

Financial Highest result since 2018net €1.09M ▲36.5%

Operating result €1.46M, net result €1.09M, both a record.

26-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

30-11

Financial Liquidity doublescurrent ratio 6.59

Current ratio from 3.28 to 6.59; short-term debt falls from €4.70M to €1.91M.

24-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

30-11

Financial Weakest financial yearnet €473k ▼33.6%

Net result drops to €473k, the lowest in the series; recovery starts the following year.

01-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 1 day late

2018

25-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

16-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

30-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Gent · 3 establishment units since 1992

establishment All 3 establishment units on the map

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.

Nieuwevaart 1079000 Gent

Ground area

2.6 ha

Building footprint

1.5 ha

Volume, LiDAR

96,669 m³

3 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.

3 establishment units

DECLERCK E. NV

Nieuwevaart 107, 9000 GentNACE 5010301

since 19922.057.136.309

Declerck E. NV

Nieuwevaart 101, 9000 GentNACE 4511301

since 20222.331.976.109

Declerck E. NV

Nieuwevaart 104, 9000 GentNACE 4511301

since 20222.331.976.208

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44807G0143/00H002	Flanders	1.5 ha	1 · 7,669 m²	9.6 m · 2 fl.
44807G0106/00F002	Flanders	6,266 m²	1 · 5,546 m²	11.1 m · 2 fl.
44807G0098/00T002	Flanders	4,442 m²	1 · 2,166 m²	10.1 m · 2 fl.