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DECLERCQ

Active Public limited companyfounded 1983active for 42 yearsIngelmunstersteenweg 243, 8780 OostrozebekeKBO/BCE: BE 0425.339.555 subsidiary of WAELKO#6 oldest company in Oostrozebeke, Manufacturing sector
DECLERCQ
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Overview

Lifetime

20 annual accounts with figures on one time axis, 42 filings since 1984
peak €1.0m (2006)
€527,032▼ 8.9%
lowest -€107,364 (2009)
€554▼ 88.2%
peak €1.0m (2013)
€250,809▲ 0.2%
€698,628▼ 23.3%
peak 15 FTE (2009)
6.6 FTE▼ 17.5%
Board2 names since 2016
2 directorsWaelko BV and 1 other
Owners2 names in the annual accounts
100%WAELKO
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Result from €4,680 to €554Staff from 8 FTE to 6.6 FTERegistered office moved from Ypres to Oostrozebeke 19-05Debts from €910,890 to €698,628

Key points

from the 2025 annual accounts

Equity

€250,809 from €1.0m in 2013

Equity fell by 75% in 12 years.

Turnover

≈ €1.2m estimated

The accounts state no turnover.

Debts

€698,628 74% of the balance sheet
Financial debts 14%Suppliers 36%Taxes and wages 11%Other 39%

Of this, €697,358 falls due within a year.

Staff

6.6 FTE from 15 in 2009

Between 2009 and 2025, 56% of the full-time equivalents disappeared.

Filings

42 annual accounts since 1984
AprilJune31 JulyOctober199520102025

Six of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.

Position in the sector

€250,809

Less equity than 84% of companies in wood and cork. Sector median €1.3m · 174 companies.

Checked score

53
Fair
Financially stronger than 31% of micro companies in wood and cork (NACE 16)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.5% across 1,032 companies (NACE 16, micro).

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.2%lowest value 01-2025: 1.2%● unchanged vs 12-2024lowest value 02-2025: 1.2%● unchanged vs 01-2025lowest value 03-2025: 1.2%● unchanged vs 02-2025lowest value 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 2.4%▲ +1.2 percentage points vs 05-2025 07-2025: 2.6%▲ +0.2 percentage points vs 06-2025 08-2025: 3.3%▲ +0.7 percentage points vs 07-2025highest value 09-2025: 1.8%▼ -1.5 percentage points vs 08-2025 10-2025: 1.8%● unchanged vs 09-2025 11-2025: 1.8%● unchanged vs 10-2025 12-2025: 1.8%● unchanged vs 11-2025 01-2026: 1.8%● unchanged vs 12-2025 02-2026: 1.8%● unchanged vs 01-2026 03-2026: 1.8%● unchanged vs 02-2026 04-2026: 1.9%▲ +0.1 percentage points vs 03-2026 05-2026: 2.2%▲ +0.3 percentage points vs 04-2026 06-2026: 2.2%● unchanged vs 05-2026 07-2026: 2.2%● unchanged vs 06-2026 08-2026: 3.0%▲ +0.8 percentage points vs 07-2026 09-2026: 1.9%▼ -1.1 percentage points vs 08-2026 10-2026: 1.9%● unchanged vs 09-2026 11-2026: 1.9%● unchanged vs 10-2026

Financial strength
Average

51+4equity 26.4% of total assets
14+3short-term debt 73.4% · cash 3.3%
69=return on assets 0.1%

Score breakdown

raises risk
1 change of registered office in 24 months
Size: 6.6 FTE, total assets €949,437
Liquidity: current ratio 1.17, cash €31,095
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
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 16, micro). It does better than 34% of them on solvency, 10% on liquidity, 42% on profitability and 37% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 3,984 companies had the same profile as DECLERCQ has now. Each dot stands for 10 companies, two years later.

96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of DECLERCQ itself is higher: 1.9% 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 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,984 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.

Credit verdict

Credit of up to €13,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.17 (1.06 in 2024), below the usual 1.5. Short-term debt is 73.4% and cash 3.3% of total assets. 73.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Size: 6.6 FTE, total assets €949,437
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.17, cash €31,095
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 174 sector peers (2025).
NBB · sector comparison
Position among 174 sector peers
Solvency
better than 22%
← weakest strongest →
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
29 days late
2023
1 day late
2022
17 days early
2021
30 days late
2020
25 days late
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CP
Clue & Partners NV
Managing director, Waelkens David
WB
Waelko BV
Director, Waelkerıs Benedikt, since 19-05-2016
  • WAELKO 100%equity €1.1m (2025) · 2025 annual accounts of WAELKO
Board & ownership

Recent changes

Registered office moved from Ypres to Oostrozebeke New registered office: Ingelmunstersteenweg 243, 8780 Oostrozebeke · Previous registered office: Zwaanhofweg 11, 8900 IEPER · Permanent representative: Waelkens David · Board meeting of 31-12-2024 · Gazette deed
Demerger: DECLERCQ splits off to I-243 Capital decrease of €23,310.88 to €76,689.12 · Capital from €100,000 to €76,689.12 · General meeting of 30-07-2021 · Gazette deed
Reappointments: Clue & Partners NV (managing director) and Waelko BV (director) General meeting of 29-05-2021 · Gazette deed
Demerger proposal: Declercq splits off to 1-243 Permanent representatives: Waelkens David and Waelkens Benedikt · Gazette deed
All 52 events

Comparable companies

same main activity, similar in size and age
Company
DECLERCQ Oostrozebeke €0.9m €527,032 26.4% 6.6
DEMSTER Lichtervelde €1.4m €274,436 33.9% 5.6
HOUTHOEK Koekelare €0.4m €297,660 95.4% 6.3
CADR' ART Etterbeek €0.6m €453,074 71.6% 4.2
MIC FRAMES Aalst €1.5m €704,419 25.0% 10.2
POP METAL Nivelles €1.1m €729,940 55.8% 12.1
Art Frame Bruges €0.7m €364,683 53.7% 4.6

These companies have the same main activity as DECLERCQ: manufacture of other wood products (NACE 16281). They are comparable in size and age: total assets between €412,000 and €1.5m, founded between 1974 and 2007.

Official details

Source: KBO
Status
Active since 27-12-1983Normal situation
Activity
Manufacture of other wood productsNACE 16281and 2 others
Joint committees
209White-collar workers in metal manufacturing
111Metal, mechanical and electrical engineering · annual accounts 2025
Establishment unit
2.024.014.9658780 Oostrozebeke, since 27-09-1995
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€527,032▼ 8.9%
€554▼ 88.2%
€250,809▲ 0.2%
€949,437▼ 18.2%
Employeeson 31-12-2025
6=
Filing
Filed on 31-08-2026
Financials

Insights on DECLERCQ

DECLERCQ has existed since 1983. The gross margin fell from €1.0m in 2006 to €527,032 in 2025 and staff from 13 to 6.6 full-time equivalents.

WAELKO holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 31-08-2026, 31 days late
€527,032
▼ 8.9%
€11,064
▲ 6.3%
€554
▼ 88.2%
€119,716
▲ 103%
26.4%
▲ 4.9 percentage points
1.17
▲ 0.11

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.2m. Estimated: probably between €750,000 and €2.1m.

In the rankings #6 oldest company in Oostrozebeke, Manufacturing sector#10 employer in Oostrozebeke, Manufacturing sector

Balance sheet

balance sheet total €949,437 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

26.4%

Higher than 22% of 174 companies in 2025.

1.17

Higher than 27% of 175 companies in 2025.

0.1%

Higher than 30% of 175 companies in 2025.

DECLERCQ Middle half of the sector 80% of the sector Full accounts in wood and cork (NACE 16)

Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half · Staff: middle half

Staff

€64,321

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, 5 people joined and 5 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 949,4371.2m1.1m1.3m1.3m1.6m1.9m1.8m1.9m1.7m1.7m1.8m1.7m1.7m1.7m1.8m1.8m2.0m1.8m2.0m
21/28 132,363192,280140,608217,654115,27676,30287,15195,635112,522125,630121,906162,923204,368229,970269,015336,041423,308395,025263,862308,012
21 1087751,441---------2902,2114,5248,53617,36019,19029,02432,088
22/27 126,696185,894133,555202,25299,87562,76573,41484,964101,850124,139121,819162,836203,992226,652262,354323,508405,685375,716234,801275,875
22 108,710121,035--061,76567,65474,25080,84587,44194,037100,632107,423119,134116,282132,790153,412175,014137,232156,462
23 7,65636,69283,299129,9073,5201,0001,0001,1946,72514,29822,97332,12040,91843,72762,45383,487104,65770,28330,45937,067
24 10,33028,16750,25672,34696,355-----4,81026,39728,53123,11223,14842,18756,87380,71829,78043,827
28 5,5595,6125,61215,40215,40213,53713,73710,67210,6721,4928787871,1072,1373,9972621203750
29/58 817,074968,865942,3021.0m1.2m1.5m1.8m1.7m1.8m1.6m1.6m1.6m1.5m1.4m1.4m1.5m1.4m1.7m1.5m1.7m
3 373,796296,484284,790313,440424,554429,362404,354512,298509,717520,691540,726543,297556,625680,037647,304740,173763,637850,165700,360593,244
30/36 373,796296,484284,790313,440424,554429,362404,354512,298509,717520,691540,726543,297556,625680,037647,304740,173763,637850,165700,360593,244
40/41 410,754634,740612,648646,567719,3501.0m1.2m1.1m1.1m1.0m960,252995,406751,334623,146569,452547,011466,882659,480608,349742,570
40 410,754588,976612,648434,139503,746560,761615,463551,915425,114589,711461,519384,903363,401330,190486,559546,938466,609512,457491,549593,626
41 045,7630212,428215,604469,346550,000579,622667,928433,373498,733610,503387,934292,95682,89373272147,023116,800148,945
50/53 ----------17010,16550,0008,00012,00025,0005,0001,5299,4219,302
54/58 31,09533,82542,50371,30243,15636,719215,83534,420206,25027,20182,02890,027147,166132,293204,831184,938173,349142,706172,759301,849
490/1 1,4293,8162,3615,018-02,4622,5474493,0345,0222,8352,720---7,8667501,78314,198
Balance sheet: equity and liabilities
10/49 949,4371.2m1.1m1.3m1.3m1.6m1.9m1.8m1.9m1.7m1.7m1.8m1.7m1.7m1.7m1.8m1.8m2.0m1.8m2.0m
10/15 250,809250,255245,575244,844198,685251,465252,719257,543258,432475,284257,589856,0221.0m983,734973,199918,274850,924958,287954,947919,743
10/11 76,68976,68976,68976,68976,689100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000
10 76,68976,68976,68976,68976,689---------------
100 76,68976,68976,68976,68976,689100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000
13 87,17687,17687,17687,17687,176114,731114,731114,731114,731114,731114,731714,731714,731420,338420,338420,338420,338420,338420,338420,338
130/1 7,6697,6697,6697,6697,66910,000--------------
130 7,6697,6697,6697,6697,66910,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,00010,000
132 79,50779,50779,50779,50779,507104,731104,731104,731104,731104,731104,731104,731104,731104,731104,731104,731104,731104,731104,731104,731
133 -----------600,000600,000305,608305,607305,607305,608305,608305,608305,608
14 83,47082,91578,23677,50531,34633,26134,51439,33840,227257,07939,38537,818181,972459,922449,387394,462327,111434,475431,134395,930
15 3,4743,4743,4743,4743,4743,4743,4743,4743,4743,4743,4743,4743,4743,4743,4743,4743,4743,4743,4743,474
16 --------37,001-----------
160/5 --------37,001-----------
162 --------37,001-----------
17/49 698,628910,890837,3351.0m1.1m1.3m1.6m1.5m1.6m1.2m1.5m948,631712,037689,711729,403914,889989,1181.1m801,5881.0m
17 -036,88595,59846,390389,664454,815548,160640,459735,9272,15313,12327,14239,40766,629125,638203,800154,14542,472141,583
170/4 -036,88595,59846,390389,664454,815548,160640,459735,9272,15313,12327,14239,40766,629125,638203,800154,14542,472141,583
42/48 697,358909,910799,533909,7691.0m930,3161.2m944,026972,639487,9161.4m934,167684,895650,304662,307774,252784,461935,111758,404906,565
42 036,88558,71272,89630,59964,74393,34492,30091,26892,40314,70326,56430,64942,15575,34078,16389,60571,125111,474152,924
43 100,00030,00030,000365,000270,000160,000185,000235,000290,000-395,000373,955373,947371,051200,000223,864348,947298,94750,00082,072
430/8 100,00030,00030,000365,000270,000160,000185,000235,000290,000-395,000373,955373,947371,051200,000223,864348,947298,94750,00082,072
44 251,856592,260399,870325,530530,855484,930395,038314,366305,892350,422250,268199,644230,201195,653326,371351,752245,601418,602355,497422,883
440/4 251,856592,260399,870325,530530,855484,930395,038314,366305,892350,422250,268199,644230,201195,653326,371351,752245,601418,602355,497422,883
45 77,32790,705108,58685,62771,21151,30691,966100,31866,47841,84751,54934,00448,70340,01459,16580,26595,05789,59787,05869,311
450/3 14,08416,74836,26227,5477,8008,66917,93421,8957,39122,86629,45417,04813,9939,88821,03522,89032,90624,57135,93120,772
454/9 63,24373,95772,32358,08063,41142,63774,03278,42459,08718,98122,09516,95734,71030,12638,13057,37562,15065,02751,12748,539
47/48 268,176160,061202,36460,716145,716169,338401,695202,042219,0003,245737,500300,0001,3961,4311,43140,2085,25256,839154,375179,375
492/3 1,2709809173,7698,8811,04468626,70813,4485131,3411,341--46714,9998582,1137121,284
Income statement
76A 190688-03,0008,9612,1152,608-1,923-2,0252,594-4,8425,96014,8782,1952,970783
9900 527,032578,649566,699638,856578,872782,905812,566643,816687,101590,931557,439612,111578,238622,888757,239757,197692,336797,204806,8401.0m
62 424,521494,347463,609472,511567,284613,952603,058470,093365,348308,922323,015371,948446,561506,057556,523514,729609,095559,167477,558446,349
630 71,59571,58669,25635,82518,91410,64911,55016,88718,92829,19841,01647,98551,45577,44489,878108,340119,795127,999103,928123,431
631/4 11,72304,751-2,552-30,514-3,755-1,749-33,60923,8764,24018,1338,32336,922-9,3715,45416,471-391-110
635/8 --------37,00137,001-----------
640/8 7,5042,30520,9519,9584,96810,47210,15012,30311,69915,47611,57512,99112,52313,41114,88316,11725,03425,20915,26214,444
66A 6250386-036228-8701,084--2482,52817,16711,98711,720---
9901 11,06410,4117,746123,11418,220151,225189,530215,142229,380233,095163,700170,86430,77735,34790,501101,540-61,58884,437210,092433,390
75/76B 4853,3843,3434,8381,8364,4175801,1635,0516,1237636,8783,3682,6804,7132,0544,1144,1444,8966,057
75 4853,3843,3434,8381,8364,4175801,1635,0514,2007636,8783,3682,6804,7132,0544,1144,1444,8966,057
76B ---------1,923----------
65/66B 5,0627,03110,35915,5709,43114,17813,45713,56214,45821,52425,39521,87820,04824,80627,96430,21638,04533,01626,75530,258
65 5,0627,03110,35915,5709,43114,17813,45713,56214,45820,44025,39521,87820,04824,80627,96430,21638,04533,01626,75530,258
66B ---------1,084----------
9903 6,4886,765731112,38310,625141,464176,653202,743219,973217,694139,067157,88816,44310,69454,92567,351-92,36157,760191,204409,972
67/77 5,9332,085011,2244,7872,71711,4773,6312,2650-2,043-158--15,002441,62574,156
9904 5544,680731101,1595,838138,747165,176199,111217,708217,694139,067155,84516,44310,53554,92567,351-107,36457,716189,579335,816
9905 5544,680731101,1595,838138,747165,176199,111217,708217,694139,067155,84516,44310,53554,92567,351-107,36457,716189,579335,816
Appropriation of the result
9906 83,47082,91578,236132,50531,346173,261204,514239,338259,227257,079176,885337,818476,365459,922449,387394,462327,111488,850585,509575,305
14P 82,91578,23677,50531,34625,507---------------
791/2 ----------600,000---------
691/2 ------------294,392-------
6921 ------------294,392-------
694/7 --055,0000140,000170,000200,000219,000-737,500300,000-----54,375154,375179,375
694 ----------600,000175,000----04,3754,3754,375
695 --055,0000140,000170,000200,000219,000-137,500125,000----050,000150,000175,000
Social balance sheet
9087 6.687.99.310.113.412.3108.18.110.710.712.512.614.114.41514.112.913
Hours worked1013 11,48514,25214,00514,75818,82819,287216,62117,68113,59312,143121,91913,70616,18717,81820,91519,51221,98820,61318,27118,466
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 22 older financial years (1984-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00473322.

Financial year Type Filed Reference Document
31-12-2025 full format 31-08-2026 2026-00473322 PDF
31-12-2024 abbreviated format 29-08-2025 2025-00442464 PDF
31-12-2023 abbreviated format 01-08-2024 2024-00324656 PDF
31-12-2022 abbreviated format 14-07-2023 2023-00236804 PDF
31-12-2021 abbreviated format 30-08-2022 2022-20400027 PDF
31-12-2020 abbreviated format 25-08-2021 2021-54700281 PDF
31-12-2019 abbreviated format 31-08-2020 2020-49800244 PDF
31-12-2018 abbreviated format 19-07-2019 2019-35000139 PDF
31-12-2017 abbreviated format 18-07-2018 2018-34700453 PDF
31-12-2016 abbreviated format 13-06-2017 2017-17000054 PDF
31-12-2015 abbreviated format 01-07-2016 2016-27200594 PDF
31-12-2014 abbreviated format 21-08-2015 2015-45100566 PDF
31-12-2013 abbreviated format 28-08-2014 2014-51100092 PDF
31-12-2012 abbreviated format 30-08-2013 2013-52100281 PDF
31-12-2011 abbreviated format 29-08-2012 2012-47700486 PDF
31-12-2010 abbreviated format 31-08-2011 2011-47300575 PDF
31-12-2009 abbreviated format 29-06-2010 2010-22600445 PDF
31-12-2008 abbreviated format 02-06-2009 2009-17300040 PDF
31-12-2007 abbreviated format 14-07-2008 2008-39500380 PDF
31-12-2006 abbreviated format 29-08-2007 2007-62700342 PDF
31-12-2005 abbreviated format 10-07-2006 2006-42600266 PDF
31-12-2004 abbreviated format 29-07-2005 2005-61203772 PDF
31-12-2003 abbreviated format 30-07-2004 2004-56500285 PDF
31-12-2002 abbreviated format 12-06-2003 2003-22804508 PDF
31-12-2001 abbreviated format 10-10-2002 2002-65002617 PDF
31-12-2000 abbreviated format 09-10-2001 2001-63101304 PDF
31-12-1999 abbreviated format 09-10-2000 2000-63104082 PDF
31-12-1998 abbreviated format 23-09-1999 1999-48501492 PDF
31-12-1997 abbreviated format 29-06-1998 1998-25004643 PDF
31-12-1996 abbreviated format 30-06-1997 1997-24200810 PDF
31-12-1995 abbreviated format 24-06-1996 1996-22304542 PDF
31-12-1994 abbreviated format 03-07-1995 1995-35002243 PDF
31-12-1993 abbreviated format 17-10-1994 1994-44200370 PDF
31-12-1992 abbreviated format 08-09-1993 1993-34904805 PDF
31-12-1991 abbreviated format 09-10-1992 1992-34802506 PDF
31-12-1990 abbreviated format 08-11-1991 1991-30201829 PDF
31-12-1989 abbreviated format 12-07-1990 1990-17500695 PDF
31-12-1988 abbreviated format 12-10-1989 1989-24100055 PDF
31-12-1987 abbreviated format 04-07-1988 1988-13803744 PDF
31-12-1986 abbreviated format 10-07-1987 1987-16801091 PDF
31-12-1985 abbreviated format 27-06-1986 1986-20100919 PDF
31-12-1984 full format 02-07-1985 1985-19600012 PDF

Subsidies and aid

Flemish government 2024 to 2025, 2 entries, €1,491 awarded, €1,491 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€1,491
Year Entries AwardedPaid
2025 1 €207€207
2024 1 €1,284€1,284

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
82,65981,99777,002158,93937,133161,874201,079232,029248,308262,294204,716218,84982,232112,791180,379209,88058,206212,436314,020556,821
72,14976,26569,987136,98424,752149,396176,726215,998236,637246,893180,083203,83167,89787,979144,803175,69112,431185,715293,507459,246
11,730123,2572,000138,203119,653-2003,065027,61251,35506,54026,87343,45126,06839,699161,955259,16360,823127,006
-2,730-8,678-28,79828,1466,437-179,116181,414-171,829179,049-54,828-7,999-57,13914,873-72,53819,89311,58930,644-30,053-129,090-
119,71658,955142,769126,557138,679565,871621,070736,776836,8181.1m139,177707,564822,950793,172771,280722,870632,273719,520734,269754,597
26.4%21.6%22.7%19.5%15.3%16.0%13.5%14.5%13.4%28.0%15.1%47.4%58.4%58.8%57.2%50.1%46.2%46.8%54.4%46.7%
1.171.061.181.141.131.611.531.781.863.231.101.762.202.222.161.931.811.771.971.83
0.640.740.820.790.731.151.191.241.342.160.721.181.391.171.190.980.830.861.041.18
2.793.643.414.125.555.256.425.906.292.585.641.110.710.700.751.001.161.140.841.14
0.2%1.9%0.3%41.3%2.9%55.2%65.4%77.3%84.2%45.8%54.0%18.2%1.6%1.1%5.6%7.3%-12.6%6.0%19.9%36.5%
0.1%0.4%0.1%8.1%0.4%8.8%8.8%11.2%11.3%12.8%8.1%8.6%1.0%0.6%3.2%3.7%-5.8%2.8%10.8%17.1%
16.3311.667.4310.213.94---------------

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date668811
full-time45669
part-time21222
in full-time equivalents5.85.97.77.710.7
6.687.99.310.1
On a permanent contract668811
Joined54103
Left56135

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets-€36,885€95,598€168,493€76,989
Mortgages, amount registered€0€0€0€1.3m€1.3m
Carrying value of the mortgaged assets€0€0€0€0-
€400,000€400,000€400,000€1.2m€1.2m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€11,730€123,257-€138,203€117,788
Intangible fixed assets--€2,000--
Financial fixed assets€0---€1,865
€71,595€71,586€69,256€35,825€18,914

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on DECLERCQ

The operating result for 2025 is 6% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 78.4% to 73.6%. Equity is higher and debt is lower.

Large changes and their cause
  • 2021 Net result -96% on 2020. Partial demerger to I-243, Official Gazette 22-11-2021.

Board & ownership

Board

2 directors, 1 in day-to-day management
Waelko BV
Director, permanent representative Waelkerıs Benedikt
since 19-05-2016 6-year term from 2021
listed in the 2025 annual accounts, filed on 31-08-2026
Clue & Partners NV
Director and managing director, permanent representative Waelkens David
in office according to the deed of 31-08-2021 6-year term from 2021
Clue & Partners NV
Signing authorityThe articles say who may bind the company, for example by signing a contract.
A managing director alone
deed of 22-11-2021
Permanent representatives 2
Waelkens David
Permanent representative, for Clue & Partners NV
in office according to the deed of 31-08-2021
Waelkerıs Benedikt
Permanent representative, for Waelko BV
in office according to the deed of 31-08-2021

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Waelko BV
Director
Clue & Partners NV
Director, Managing director
LeadershipBoardRest of the termmandate already running before its first mention
Mandates as a list
  • Waelko BV
    • Director, from 19-05-2016 to date
  • Clue & Partners NV
    • Director, since before 31-08-2021
    • Managing director, since before 31-08-2021

See the board, name and registered office on a given date →

Control

Parent
WAELKO
Equity €1.1m
Loss €39,327 in 2025 (loss €9,651 in 2024)
Source: accounts WAELKO 2025
100%
This company
DECLERCQ
Equity €250,809
Profit €554 in 2025

Capital

Capital
€76,689.12
Shares
2,500 in the deed of 24-06-2021
Source
deed of 22-11-2021

Owners through the years

as the annual accounts name them
WAELKO
100%
100%
CLUE & PARTNERS
99.99%100%
76.64% until 2021
Owners as a list

Source: parent in its own accounts, lists of holdings in the owners' accounts

Articles of association

deed of 22-11-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of May at 11:00

Capital transactions

Capital over time
  1. 22-11-2021 Capital reduction of €23,310.88 · to €76,689.12
  2. 24-06-2021 Capital stated in the deed · €100,000 · 2,500 shares

Network & group

Group

WAELKO has 3 direct subsidiaries (2025 accounts), the bar shows equity in euros
ParentWAELKO3 holdings, 1 country 2025 accounts

Belgium 3 Equity Result

  • BE Declercq NV €250,809 result €554
  • BE I-243 BV88.1% €1.1m result -€4,609
  • BE Waelkens NV99.87% €1.0m result €2,301

Source: list of holdings in the 2025 accounts of WAELKO. Every holding stands with its own latest accounts.

At the same address

Ingelmunstersteenweg 243, 8780 Oostrozebeke · 4 other companies
WAELKO
registered office since 01-10-2007 · founded in 2007
 total assets €4.4m (2025)
0892.620.427
I-243
registered office since 05-10-2020 · founded in 2020
 total assets €4.2m (2025)
0755.711.657
Waelkens
registered office since 01-11-1970 · founded in 1970
 28 FTE (2025)
0407.853.722
GRAFIMON
registered office since 26-03-1987 · founded in 1987
 total assets €556,977 (2025)
0430.661.390

Acquisitions and mergers

1 transaction
Split off to:I-243
BE 0755.711.657partial demerger · Gazette deed of 22-11-2021 (3 deeds)

Connections & network

2 current directors
Depth

The network starts from the directors of DECLERCQ. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

52 events since 1983

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 31 days late
2025
Annual accounts 2024 filed PDFabbreviated format · 29 days late
Registered office moved from Ypres to OostrozebekeNew registered office: Ingelmunstersteenweg 243, 8780 Oostrozebeke · Previous registered office: Zwaanhofweg 11, 8900 IEPER · Permanent representative: Waelkens David · Board meeting of 31-12-20243 points ▸
  • Board meeting, 31-12-2024
  • Registered-office move, Ingelmunstersteenweg 243, 8780 Oostrozebeke
  • Permanent representative, Waelkens David

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2023 filed PDFabbreviated format · 1 day late
2023
Annual accounts 2022 filed PDFabbreviated format · 17 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · 30 days late
2021
Demerger: DECLERCQ splits off to I-243Capital decrease of €23,310.88 to €76,689.12 · Capital from €100,000 to €76,689.12 · General meeting of 30-07-20213 points ▸
  • General meeting, 30-07-2021
  • Capital decrease, €23,310.88
  • Capital, €76,689.12, 2,500 shares
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Reappointments: Clue & Partners NV (managing director) and Waelko BV (director)General meeting of 29-05-20216 points ▸
  • General meeting, 29-05-2021
  • Director reappointment, Clue & Partners NV
  • Director reappointment, Waelko BV
  • Board meeting, 29-05-2021
  • Director reappointment, Clue & Partners NV (managing director)
  • Board composition, Waelko BV (director)

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFabbreviated format · 25 days late
Demerger proposal: Declercq splits off to 1-243Permanent representatives: Waelkens David and Waelkens Benedikt9 points ▸
  • Capital, €100,000, 2,500 shares
  • Board composition, Clue & Partners (managing director)
  • Board composition, Waelko (director)
  • Permanent representative, Waelkens David
  • Permanent representative, Waelkens Benedikt
  • Capital, €207,000, 2,070 shares
  • Board composition, Waelkens Benedikt (director)
  • Board composition, Waelkens David (director)
  • Accounting effect, 01-01-2021
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2019 filed PDFabbreviated format · 31 days late
2019
Annual accounts 2018 filed PDFabbreviated format · 12 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 13 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 48 days before the deadline
2016
Liquidity more than doubled current ratio 3.23 The current ratio rises from 1.10 to 3.23. Short-term debt falls from €1.4m to €487,916.
Annual accounts 2015 filed PDFabbreviated format · 30 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 21 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 28 days late
2013
Equity above €1m equity €1.0m ▲1.7% After 4 profitable years in a row, equity reaches €1.0m.
Annual accounts 2012 filed PDFabbreviated format · 30 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 29 days late
2011
Annual accounts 2010 filed PDFabbreviated format · 31 days late
2010
Back to profit net €67,351 The net result is €67,351, after one loss-making year.
Annual accounts 2009 filed PDFabbreviated format · 32 days before the deadline
2009
Weakest financial year net -€107,364 The net result drops to -€107,364, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2008 filed PDFabbreviated format · 59 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 17 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 29 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
First establishment DECLERCQ NV, Ingelmunstersteenweg 243, Oostrozebeke
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1991
Annual accounts 1990 filed PDFabbreviated format
1990
Annual accounts 1989 filed PDFabbreviated format
1989
Annual accounts 1988 filed PDFabbreviated format
1988
Annual accounts 1987 filed PDFabbreviated format
1987
Annual accounts 1986 filed PDFabbreviated format
1986
Annual accounts 1985 filed PDFabbreviated format
1985
Annual accounts 1984 filed PDFfull format
1983
Incorporation KBO

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

DECLERCQ was incorporated on 27 December 1983.1 The registered office was moved to Oostrozebeke in 2025.2 Total assets fell from €1.3m in 2021 to €949,437 in 2025 and headcount from 10.1 to 6.6 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 19-05-2025
  3. 3National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0425.339.555
VAT number
BE 0425.339.555
Peppol ID
0208:0425339555
Other Peppol ID
9925:BE0425339555
Legal form
Public limited company
Status
Active, normal situation
Founded
27-12-1983
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of May at 11:00
deed of 22-11-2021 (in Dutch)
Peppol
Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name
DECLERCQ in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 22-11-2021 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 22-11-2021 (in Dutch)

Activities

NACEBEL 2025
VAT activities
16281 Manufacture of other wood products main activity
43240 Other construction installation
Social security (RSZ) activities
25120 Manufacture of fabricated metal products, except machinery and equipment main activity
Joint committees annual accounts 2025
JC 209 White-collar workers in metal manufacturing
JC 111 Metal, mechanical and electrical engineering
Codes under NACEBEL 2008
VAT activities
16291 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials main activity
43299 Specialised construction activities
Social security (RSZ) activities
25120 Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2003
VAT activities
20510 main activity
45340
Social security (RSZ) activities
28120 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en…”
14 activities
  1. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospeeteren en uitbaten van onroerende goederen;de aan- en verkoop,huur en verhuur van roerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen,alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen;
  2. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen.
  3. De vennootschap mag alle verrichtingen stellen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
  4. De vennootschap mag betrokken zijn bij wijze van inbreng,samensmelting,inschrijving of op elke andere wijze,in de ondernemingen,verenigingen of vennootschappen,die een gelijkaardig,soortgelijk of samenhangend voorwerp hebben of die nuttig zijn voor de verwezenlijking van het geheel of een gedeelte van haar voorwerp.Bovenvermelde opsomming is niet beperkend,zodat de vennootschap alle handelingen kan stellen,die op welke wijze ook kunnen bijdragen tot de verwezenlijking van haar voorwerp.De vennootschap mag haar voorwerp verwezenlijken zowel in België als in het buitenland,op alle wijzen en manieren,die zij het best geschikt zou achten.De vennootschap mag geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in de Wetten en Koninklijke Besluiten terzake.
  5. Vennootschap zal zich dienen te onthouden van werkzaamheden die onderworpen zijn aan reglementaire bepalingen voor zover de vennootschap zelf niet aan deze bepalingen voldoet.
  6. De aan- en verkoop,import- en export,zowel in het klein als in het groot,ontwerpen en produceren,de constructie en plaatsing van vlaggenmasten,lichtmasten,reklamemasten,tribunes en podiums,vlaggen en publicitaire artikelen,wegsignalisatie,metaalconstructie,meubelen en allerhande constructies vervaardigd in om het even welk materiaal alsook van alle bijhorigheden in verband hiermee.
  7. Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen,het stimuleren,de planning,de coördinatie,de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt;
  8. Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan kredietinstellingen;
  9. Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard;in de ruimste zin,met uitzondering van adviezen inzake beleggingen en geldplaatsingen;bijstand en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie en financiën,verkoop,productie en algemeen bestuur;
  10. Let waarnemen van alle bestuursopdrachten en opdrachten van vereffenaars,het uitoefenen van opdrachten en functies;
  11. Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en aanverwante immateriële duurzame activa;
  12. Het verlenen van administratieve prestaties en computerservices;
  13. De aan- en verkoop.in- en uitvoer,commissiehandel en vertegenwoordiging van om het twen welke goederen,in 't kort tussenpersoon in de handel;
  14. Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe vormen van technologie en lun toepassingen;
deed of 22-11-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
DECLERCQ NV registered office Ingelmunstersteenweg 243, 8780 Oostrozebeke 2511001 Manufacture of metal structures and parts of structures 27-09-1995 2.024.014.965
1 former office
  • Zwaanhofweg 11, 8900 Ieper until 01-01-2025 · deed of 19-05-2025

Buildings and parcels at the address

Ground area
5,846 m²
Buildings
3,185 m²
Volume, LiDAR
18,822 m³
Tallest building
7.4 m
Buildings to scale, each on its own parcel
3,185 m², 7.4 m 3,185 m², 7.4 m

Location

registered office establishment The establishment unit on the map
5 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
37010D0353/00N0005,846 m² 1 · 3,185 m² 7.4 m · 2

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0425.339.555

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