DECLERCQ
ActiveSummary
DECLERCQ has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251k and a net result of €554. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 21% of 143 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency51▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.06 in 2024; short-term debt: 73.4% and cash: 3.3% of total assets), and 73.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
26.4%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 143 sector peers (2025).
NBB · sector comparisonPosition among 143 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
1 d late
2022
17 d early
2021
30 d late
2020
25 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€554▼ 88.2%
2024 · €5k
2018: €199khighest in 8 years
2019: €165k▼ -17.0% vs 2018
2020: €139k▼ -16.0% vs 2019
2021: €6k▼ -95.8% vs 2020
2022: €101k▲ +1633% vs 2021
2023: €731▼ -99.3% vs 2022
2024: €5k▲ +540% vs 2023
2025: €554▼ -88.2% vs 2024lowest in 8 years
2018 → 2025
Working capital
€120k▲ 103%
2024 · €59k
2018: €737khighest in 8 years
2019: €621k▼ -15.7% vs 2018
2020: €566k▼ -8.9% vs 2019
2021: €139k▼ -75.5% vs 2020
2022: €127k▼ -8.7% vs 2021
2023: €143k▲ +12.8% vs 2022
2024: €59k▼ -58.7% vs 2023lowest in 8 years
2025: €120k▲ +103% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€199k-€245k▲ 23.2%€246k▲ 0.3%€250k▲ 1.9%€251k▲ 0.2%
2021: €199klowest in 5 years
2022: €245k▲ +23.2% vs 2021
2023: €246k▲ +0.3% vs 2022
2024: €250k▲ +1.9% vs 2023
2025: €251k▲ +0.2% vs 2024highest in 5 years
Operating result€18k-€123k▲ 576%€8k▼ 93.7%€10k▲ 34.4%€11k▲ 6.3%
2021: €18k
2022: €123k▲ +576% vs 2021highest in 5 years
2023: €8k▼ -93.7% vs 2022lowest in 5 years
2024: €10k▲ +34.4% vs 2023
2025: €11k▲ +6.3% vs 2024
Net result€6k-€101k▲ 1,633%€731▼ 99.3%€5k▲ 540%€554▼ 88.2%
2021: €6k
2022: €101k▲ +1633% vs 2021highest in 5 years
2023: €731▼ -99.3% vs 2022
2024: €5k▲ +540% vs 2023
2025: €554▼ -88.2% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €949k
Fixed assets
€132k ▼ 31.2%
Current assets
€817k ▼ 15.7%
Equity and liabilities €949k
Equity
€251k ▲ 0.2%
Debt
€699k ▼ 23.3%
Debt's share of the balance-sheet total falls from 78.4% to 73.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83k▲
2024 · €82k
Cash flow
€72k▼
2024 · €76k
Current ratio
1.17▲
2024 · 1.06
Quick ratio
0.64▼
2024 · 0.74
Debt to equity
2.79▼
2024 · 3.64
ROE
0.2%▼
2024 · 1.9%
ROA
0.1%▼
2024 · 0.4%
Interest coverage
16.33▲
2024 · 11.66
Debt ≤ 1 year
€697k▼
2024 · €910k
Income taxes
€6k▲
2024 · €2k
Staff costs
€425k▼
2024 · €494k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.16M€949k▼
Fixed assets21/28€192k€132k▼
Intangible fixed assets21€775€108▼
Tangible fixed assets22/27€186k€127k▼
Land and buildings22€121k€109k▼
Plant, machinery and equipment23€37k€8k▼
Furniture and vehicles24€28k€10k▼
Financial fixed assets28€6k€6k▼
Current assets29/58€969k€817k▼
Stocks and contracts in progress3€296k€374k▲
Stocks30/36€296k€374k▲
Amounts receivable within one year40/41€635k€411k▼
Trade receivables40€589k€411k▼
Other amounts receivable41€46k€0▼
Cash at bank and in hand54/58€34k€31k▼
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.16M€949k▼
Equity10/15€250k€251k▲
Contributions10/11€77k€77k=
Capital10€77k€77k=
Issued capital100€77k€77k=
Reserves13€87k€87k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€80k€80k=
Profit (loss) carried forward14€83k€83k▲
Investment grants15€3k€3k=
Amounts payable17/49€911k€699k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€910k€697k▼
Current portion of amounts payable after more than one year42€37k€0▼
Financial debts43€30k€100k▲
Credit institutions430/8€30k€100k▲
Trade debts44€592k€252k▼
Suppliers440/4€592k€252k▼
Taxes, remuneration and social security45€91k€77k▼
Taxes450/3€17k€14k▼
Remuneration and social security454/9€74k€63k▼
Other amounts payable47/48€160k€268k▲
Accrued charges and deferred income492/3€980€1k▲
Income statement
Code20242025
Non-recurring operating income76A€688€190▼
Remuneration, social security and pensions62€494k€425k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€72k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€12k▲
Other operating charges640/8€2k€8k▲
Non-recurring operating charges66A€0€625▲
Gross operating margin9900€579k€527k▼
Operating profit (loss)9901€10k€11k▲
Financial income75/76B€3k€485▼
Recurring financial income75€3k€485▼
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€7k€6k▼
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€5k€554▼
Profit (loss) for the period to be appropriated9905€5k€554▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€83k▲
Profit (loss) brought forward from the previous period14P€78k€83k▲
Social balance
Average headcount (FTE)90878.06.6▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3k | €0 | - | €688 | €190 | ▼ 72.4% |
| Remuneration, social security and pensions62 | €567k | €473k | €464k | €494k | €425k | ▼ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €36k | €69k | €72k | €72k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-31k | €-3k | €5k | €0 | €12k | - |
| Other operating charges640/8 | €5k | €10k | €21k | €2k | €8k | ▲ 226% |
| Non-recurring operating charges66A | €0 | - | €386 | €0 | €625 | - |
| Gross operating margin9900 | €579k | €639k | €567k | €579k | €527k | ▼ 8.9% |
| Operating profit (loss)9901 | €18k | €123k | €8k | €10k | €11k | ▲ 6.3% |
| Financial income75/76B | €2k | €5k | €3k | €3k | €485 | ▼ 85.7% |
| Recurring financial income75 | €2k | €5k | €3k | €3k | €485 | ▼ 85.7% |
| Financial charges65/66B | €9k | €16k | €10k | €7k | €5k | ▼ 28.0% |
| Recurring financial charges65 | €9k | €16k | €10k | €7k | €5k | ▼ 28.0% |
| Profit (loss) for the period before taxes9903 | €11k | €112k | €731 | €7k | €6k | ▼ 4.1% |
| Income taxes67/77 | €5k | €11k | €0 | €2k | €6k | ▲ 185% |
| Profit (loss) for the period9904 | €6k | €101k | €731 | €5k | €554 | ▼ 88.2% |
| Profit (loss) for the period to be appropriated9905 | €6k | €101k | €731 | €5k | €554 | ▼ 88.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.30M | €1.25M | €1.08M | €1.16M | €949k | ▼ 18.2% |
| Fixed assets21/28 | €115k | €218k | €141k | €192k | €132k | ▼ 31.2% |
| Intangible fixed assets21 | - | - | €1k | €775 | €108 | ▼ 86.1% |
| Tangible fixed assets22/27 | €100k | €202k | €134k | €186k | €127k | ▼ 31.8% |
| Land and buildings22 | €0 | - | - | €121k | €109k | ▼ 10.2% |
| Plant, machinery and equipment23 | €4k | €130k | €83k | €37k | €8k | ▼ 79.1% |
| Furniture and vehicles24 | €96k | €72k | €50k | €28k | €10k | ▼ 63.3% |
| Financial fixed assets28 | €15k | €15k | €6k | €6k | €6k | ▼ 0.9% |
| Current assets29/58 | €1.19M | €1.04M | €942k | €969k | €817k | ▼ 15.7% |
| Stocks and contracts in progress3 | €425k | €313k | €285k | €296k | €374k | ▲ 26.1% |
| Stocks30/36 | €425k | €313k | €285k | €296k | €374k | ▲ 26.1% |
| Amounts receivable within one year40/41 | €719k | €647k | €613k | €635k | €411k | ▼ 35.3% |
| Trade receivables40 | €504k | €434k | €613k | €589k | €411k | ▼ 30.3% |
| Other amounts receivable41 | €216k | €212k | €0 | €46k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €43k | €71k | €43k | €34k | €31k | ▼ 8.1% |
| Deferred charges and accrued income490/1 | - | €5k | €2k | €4k | €1k | ▼ 62.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.30M | €1.25M | €1.08M | €1.16M | €949k | ▼ 18.2% |
| Equity10/15 | €199k | €245k | €246k | €250k | €251k | ▲ 0.2% |
| Contributions10/11 | €77k | €77k | €77k | €77k | €77k | = |
| Capital10 | €77k | €77k | €77k | €77k | €77k | = |
| Issued capital100 | €77k | €77k | €77k | €77k | €77k | = |
| Reserves13 | €87k | €87k | €87k | €87k | €87k | = |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Legal reserve130 | €8k | €8k | €8k | €8k | €8k | = |
| Tax-exempt reserves132 | €80k | €80k | €80k | €80k | €80k | = |
| Profit (loss) carried forward14 | €31k | €78k | €78k | €83k | €83k | ▲ 0.7% |
| Investment grants15 | €3k | €3k | €3k | €3k | €3k | = |
| Amounts payable17/49 | €1.10M | €1.01M | €837k | €911k | €699k | ▼ 23.3% |
| Amounts payable after more than one year17 | €46k | €96k | €37k | €0 | - | - |
| Financial debts170/4 | €46k | €96k | €37k | €0 | - | - |
| Amounts payable within one year42/48 | €1.05M | €910k | €800k | €910k | €697k | ▼ 23.4% |
| Current portion of amounts payable after more than one year42 | €31k | €73k | €59k | €37k | €0 | ▼ 100% |
| Financial debts43 | €270k | €365k | €30k | €30k | €100k | ▲ 233% |
| Credit institutions430/8 | €270k | €365k | €30k | €30k | €100k | ▲ 233% |
| Trade debts44 | €531k | €326k | €400k | €592k | €252k | ▼ 57.5% |
| Suppliers440/4 | €531k | €326k | €400k | €592k | €252k | ▼ 57.5% |
| Taxes, remuneration and social security45 | €71k | €86k | €109k | €91k | €77k | ▼ 14.7% |
| Taxes450/3 | €8k | €28k | €36k | €17k | €14k | ▼ 15.9% |
| Remuneration and social security454/9 | €63k | €58k | €72k | €74k | €63k | ▼ 14.5% |
| Other amounts payable47/48 | €146k | €61k | €202k | €160k | €268k | ▲ 67.5% |
| Accrued charges and deferred income492/3 | €9k | €4k | €917 | €980 | €1k | ▲ 29.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €101k | €731 | €5k | €554 | ▼ 88.2% |
| + Depreciation and write-downs630 | €19k | €36k | €69k | €72k | €72k | = |
| Operating cash flow (approximation) | €25k | €137k | €70k | €76k | €72k | ▼ 5.4% |
| Investment in fixed assets (approximation) | - | €-138k | €8k | €-123k | €-12k | ▲ 90.5% |
| Change in cash | - | €28k | €-29k | €-9k | €-3k | ▲ 68.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €554 ▼88.2%
Net result drops to €554, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €245k ▲23.2%
5 profitable years in a row build equity to €245k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Oostrozebeke · 1 establishment unit since 1995
Ground area
5,846 m²
Building footprint
3,185 m²
Volume, LiDAR
18,822 m³
Parcel 37010D0353/00N000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DECLERCQ NV
since 19952.024.014.965
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37010D0353/00N000 | Flanders | 5,846 m² | 1 · 3,185 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,491 EUR awarded · 1,491 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 207 EUR | 207 EUR |
| 2024 | 1 | 1,284 EUR | 1,284 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 762 companies in sector 16281 we hold annual accounts for 159. 104 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
16281Manufacture of other wood products
25120Manufacture of fabricated metal products, except machinery and equipment
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.