Declercq
ActiveSummary
Declercq has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,507 and a net result of -€18,334. Equity has been shrinking by about 7.3% per year since 2019. Its solvency ranks better than 20% of 2,072 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-10-1982 Normal situation
- Activity
- Pig breeding farms NACE 01461
- Establishment unit
- 2.021.231.956 9900 Eeklo, since 15-10-1982
- Financial year end
- 30 June
- Peppol
- Reachable
Board and ownership
- Elias VandevoordeDirector · since 10-12-2025
- Rent 2 Work100%30-06-2025 annual accounts of Rent 2 Work
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €8,620
- ▼ 78.1%
- Turnover
- ≈ €42,000
- estimated
- Loss
- €18,334
- Equity
- €50,507
- ▼ 26.6%
- Total assets
- €311,928
- ▼ 20.9%
Score breakdownraises riskLoss of €18,334 (financial year 2025)lowers riskSize: total assets €311,928Sector: Crop and animal production, hunting and related service activities (NACE 01)Founded in 1982Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro). It does better than 30% of them on solvency, 16% on liquidity, 14% on profitability and 12% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 13-01-2026 PDF all 41 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €7,793, after a profit of €28,145 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Crop and animal production, hunting and related service activities (NACE 01). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | - | €70,719 | €63,004 | €55,289 |
| Mortgages, amount registered | - | €82,500 | €82,500 | €82,500 |
| Mortgage mandates | - | €55,000 | €55,000 | €55,000 |
| Carrying value of the mortgaged assets | - | €116,179 | €295,563 | €285,624 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €42,047 | €197,010 | - |
| Depreciation and write-downs of the year | €2,338 | €6,904 | €7,814 | €13,131 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as Declercq: pig breeding farms (NACE 01461). They are comparable in size and age: total assets between €157,000 and €451,000, founded between 1968 and 1987.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| Declercq Eeklo | 1982 | €311,928 | €50,507 | €8,620 | - | -€18,334 | - | 2025 |
| MULLIE Roeselare | 1987 | €405,506 | €125,655 | €13,037 | - | €2,799 | - | 2025 |
| STRAGIER Ardooie | 1985 | €250,025 | €246,022 | €14,705 | €30,000 | €549 | - | 2025 |
| GEBROEDERS DEJAEGERE Kortemark | 1983 | €156,936 | €129,627 | €15,459 | - | -€13,954 | - | 2025 |
| DECOSTER AGRO Torhout | 1968 | €262,671 | -€913,643 | €18,835 | - | -€21,296 | - | 2025 |
| BOSBERG - Georges CLOET-DECORTE Kortemark | 1983 | €450,830 | €37,290 | €26,340 | - | €965 | - | 2025 |
| DEWULF Lichtervelde | 1985 | €387,092 | €373,033 | €29,660 | €121,000 | €3,999 | 0.1 | 2025 |
They were chosen from the 312 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 2,450 companies had the same profile as Declercq has now. Two years later, 1.5% had gone bankrupt and 93.3% were still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Declercq itself is lower: 0.2% within 12 months. It rests on far more data about Declercq than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,450 companies, not a prediction for Declercq. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,945 | €4,951 | €2,938 | €2,338 | €6,904 | €7,814 | €13,131 | ▲ 68.0% |
| Other operating charges640/8 | - | - | - | €4,767 | €3,438 | €3,466 | €3,282 | ▼ 5.3% |
| Gross operating margin9900 | -€6,107 | €16,144 | -€5,953 | -€6,790 | €5,135 | €39,425 | €8,620 | ▼ 78.1% |
| Operating profit (loss)9901 | -€16,053 | €7,199 | -€12,902 | -€13,895 | -€5,206 | €28,145 | -€7,793 | - |
| Financial income75/76B | - | - | - | - | - | - | €3 | - |
| Recurring financial income75 | €94 | €129 | €8 | - | - | - | €3 | - |
| Financial charges65/66B | - | - | - | €438 | €2,504 | €5,745 | €10,543 | ▲ 83.5% |
| Recurring financial charges65 | €123 | €132 | €66 | €438 | €2,504 | €5,745 | €10,543 | ▲ 83.5% |
| Profit (loss) for the period before taxes9903 | -€16,082 | €7,197 | -€12,960 | -€14,333 | -€7,710 | €22,399 | -€18,334 | - |
| Income taxes67/77 | €103 | €128 | €107 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€16,185 | €7,069 | -€13,067 | -€14,333 | -€7,710 | €22,399 | -€18,334 | - |
| Profit (loss) for the period to be appropriated9905 | -€16,185 | €7,069 | -€13,067 | -€14,333 | -€7,710 | €22,399 | -€18,334 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €192,655 | €194,174 | €179,819 | €93,464 | €133,442 | €394,558 | €311,928 | ▼ 20.9% |
| Fixed assets21/28 | €92,374 | €87,918 | €85,587 | €82,793 | €117,936 | €307,131 | €294,000 | ▼ 4.3% |
| Tangible fixed assets22/27 | €91,983 | €87,527 | €85,295 | €82,793 | €117,936 | €307,131 | €294,000 | ▼ 4.3% |
| Land and buildings22 | - | - | - | €79,326 | €116,179 | €295,563 | €285,624 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | - | €3,467 | €1,757 | €965 | €173 | ▼ 82.0% |
| Furniture and vehicles24 | - | - | - | - | - | €10,603 | €8,203 | ▼ 22.6% |
| Financial fixed assets28 | €391 | €391 | €291 | - | - | - | - | - |
| Current assets29/58 | €100,281 | €106,256 | €94,232 | €10,671 | €15,506 | €87,426 | €17,928 | ▼ 79.5% |
| Amounts receivable within one year40/41 | €1,362 | - | €377 | €790 | - | €57,001 | - | - |
| Trade receivables40 | - | - | - | - | - | €57,000 | - | - |
| Other amounts receivable41 | - | - | - | €790 | - | €1 | - | - |
| Cash at bank and in hand54/58 | €86,328 | €103,532 | €91,738 | €8,038 | €5,083 | €22,739 | €11,627 | ▼ 48.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,843 | €10,423 | €7,686 | €6,301 | ▼ 18.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €192,655 | €194,174 | €179,819 | €93,464 | €133,442 | €394,558 | €311,928 | ▼ 20.9% |
| Equity10/15 | €74,483 | €81,552 | €68,485 | €54,152 | €46,442 | €68,841 | €50,507 | ▼ 26.6% |
| Contributions10/11 | €49,579 | €49,579 | - | €49,579 | €49,579 | €49,579 | €49,579 | = |
| Revaluation surpluses12 | - | - | - | €42,390 | €42,390 | €42,390 | €42,390 | = |
| Reserves13 | €157,201 | €157,201 | €157,201 | €157,201 | €157,201 | €157,201 | €20,043 | ▼ 87.3% |
| Non-distributable reserves130/1 | - | - | - | €26,202 | €26,202 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €26,202 | €26,202 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €20,043 | €20,043 | €20,043 | €20,043 | = |
| Distributable reserves133 | - | - | - | €110,956 | €110,956 | €137,158 | - | - |
| Profit (loss) carried forward14 | -€174,686 | -€167,617 | -€180,684 | -€195,017 | -€202,727 | -€180,328 | -€61,504 | ▲ 65.9% |
| Amounts payable17/49 | €118,171 | €112,622 | €111,334 | €39,312 | €87,000 | €325,716 | €261,421 | ▼ 19.7% |
| Amounts payable after more than one year17 | €110,000 | €110,000 | €110,000 | - | €63,004 | €55,289 | €47,575 | ▼ 14.0% |
| Financial debts170/4 | - | - | - | - | €63,004 | €55,289 | €47,575 | ▼ 14.0% |
| Amounts payable within one year42/48 | €8,171 | €2,622 | €1,334 | €39,312 | €23,015 | €266,301 | €201,126 | ▼ 24.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7,715 | €7,715 | €7,715 | = |
| Trade debts44 | €2,049 | - | - | €2,810 | €6,919 | €25,175 | €2 | ▼ 100.0% |
| Suppliers440/4 | - | - | - | €2,810 | €6,919 | €25,175 | €2 | ▼ 100.0% |
| Taxes, remuneration and social security45 | - | - | - | €373 | €584 | €615 | €613 | ▼ 0.4% |
| Taxes450/3 | - | - | - | €373 | €584 | €615 | €613 | ▼ 0.4% |
| Other amounts payable47/48 | - | - | - | €36,129 | €7,797 | €232,797 | €192,797 | ▼ 17.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €981 | €4,126 | €12,720 | ▲ 208% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,185 | €7,069 | -€13,067 | -€14,333 | -€7,710 | €22,399 | -€18,334 | - |
| + Depreciation and write-downs630 | €5,945 | €4,951 | €2,938 | €2,338 | €6,904 | €7,814 | €13,131 | ▲ 68.0% |
| Operating cash flow (approximation) | -€10,240 | €12,020 | -€10,129 | -€11,995 | -€807 | €30,214 | -€5,203 | - |
| Investment in fixed assets (approximation) | - | -€495 | -€607 | €456 | -€42,047 | -€197,010 | €0 | - |
| Change in cash | - | €17,204 | -€11,794 | -€83,700 | -€2,955 | €17,656 | -€11,112 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 41 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 13-01-2026 | 2026-00007590 | |
| 30-06-2024 | abbreviated format | 06-01-2025 | 2025-00000587 | |
| 30-06-2023 | abbreviated format | 22-01-2024 | 2024-00005437 | |
| 30-06-2022 | micro format | 28-02-2023 | 2023-00032986 | |
| 30-06-2021 | micro format | 02-02-2022 | 2022-04500479 | |
| 30-06-2020 | micro format | 09-02-2021 | 2021-05100009 | |
| 30-06-2019 | micro format | 18-02-2020 | 2020-05200172 | |
| 30-06-2018 | micro format | 21-01-2019 | 2019-01900008 | |
| 30-06-2017 | micro format | 05-02-2018 | 2018-04400559 | |
| 30-06-2016 | abbreviated format | 16-01-2017 | 2017-01700238 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- Rent 2 Work
- Declercq
Owners 1
- Rent 2 WorkparentEquity €415,730 Profit of €122,859 in 2025 (profit of €161,403 in 2024)100%
Capital transactions
- DECLERCQ Kurt Richard Germana all shares
- 23-01-2024 Converted to unavailable equity · €26,202.35
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Elias Vandevoorde |
|
| DECLERCQ Kurt Richard Germana |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, algemene vergadering”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Recht algemene vergadering een of meerdere vereffenaars aan te duiden, bevoegdheden te omlijnen en vergoeding te bepalen, ontbinding om…”
Articles of association, deed of 23-01-2024 (in Dutch)
Network & group
Connections & network
1 current directorThe network starts from the directors of Declercq. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-01
Gazette deed
Resignation: Kurt Declercq (director)Appointment: Elias Vandevoorde (director) · Director discharge4 points ▸
- General meeting, 10-12-2025
- Director resignation, Kurt Declercq (director (not named in the articles))
- Director discharge, Kurt Declercq
- Director appointment, Elias Vandevoorde (director (not named in the articles))
23-01
Gazette deed
Company renamed from FOKVARKENSBEDRIJF DECLERCQ to DeclercqAppointment: DECLERCQ Kurt Richard Germana (director) · Capital conversion · Reserve release13 points ▸
- General meeting, 17-11-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffing” (deed in Dutch)
- Name change, Declercq
- Registered-office move, (9900) Eeklo, Pastoor Bontestraat 65
- Amendment of the articles
- Other provision, “TITEL VIII. ALGEMENE MAATREGELEN, niet afgedrukt, aangeduid met (...)” (deed in Dutch)
- Other provision, “zevende besluit-opdracht coördinatie statuten, ondergetekende notaris” (deed in Dutch)
- Director appointment, DECLERCQ Kurt Richard Germana (director (not named in the articles))
- Other provision, “uitoefening van mandaat, kwijting ontslagnemende zaakvoerder” (deed in Dutch)
- Registered office clause, “(9900) Eeklo, Pastoor Bontestraat 65, negende besluit verklaart zetel gevestigd te adres” (deed in Dutch)
- The act holds 1 more point.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 43005A0312/00T000 | Flanders | 8,223 m² | 1 · 1,305 m² | - |