DECLERCQ
ActiveSummary
DECLERCQ has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €657,830 and a net result of -€9,960. Equity has been growing by about 26% per year since 2018. Its solvency ranks better than 63% of 11,268 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-08-1985 Normal situation
- Activity
- Real estate agency activities NACE 68310
- Establishment unit
- 2.027.668.501 7950 Chièvres, since 03-09-1985
- Financial year end
- 31 December
- Peppol
- Reachable since 19-10-2025
Board and ownership
- Alain DECLERCQManaging director
- Carine ROUSSEAUDirector
- Florent DECLERCQDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €74,506
- ▲ 12.8%
- Turnover
- ≈ €150,000
- estimated
- Loss
- €9,960
- ▲ 13.6%
- Equity
- €657,830
- ▼ 1.5%
- Total assets
- €1.4m
- ▲ 16.5%
Score breakdownraises riskLiquidity: current ratio 0.07, cash €20,083lowers riskSize: total assets €1.4mFounded in 1985Figures for financial year 2025 (filed on 29-06-2026)Show the evidence
Checked score
Fewer than 1 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 68, micro). It does better than 62% of them on solvency, 36% on liquidity, 54% on profitability and 40% on growth.
The bankruptcy probability was computed on 03-11-2026 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 32 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 40 filings
Every figure per financial year
The operating result for 2025 is a profit of €825, after a loss of €792 in 2024.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €107,977 | €26,500 | €72,794 | €271,854 | €266,466 |
| Depreciation and write-downs of the year | €69,600 | €77,414 | €70,765 | €59,509 | €66,402 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €19,285 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,599 | €62,040 | €62,303 | €69,600 | €77,414 | €70,765 | €59,509 | €66,402 | ▲ 11.6% |
| Other operating charges640/8 | - | - | - | €18,515 | €14,750 | €9,857 | €7,345 | €7,279 | ▼ 0.9% |
| Gross operating margin9900 | €94,172 | €91,000 | €89,044 | €98,702 | €76,838 | €74,608 | €66,062 | €74,506 | ▲ 12.8% |
| Operating profit (loss)9901 | €13,471 | €7,952 | €8,126 | €10,587 | -€15,326 | -€6,014 | -€792 | €825 | - |
| Financial income75/76B | - | - | - | - | €736,763 | €509 | €904 | €124 | ▼ 86.3% |
| Recurring financial income75 | €8 | - | - | - | €736,763 | €509 | €904 | €124 | ▼ 86.3% |
| Non-recurring financial income76B | - | - | - | - | €736,763 | - | - | - | - |
| Financial charges65/66B | - | - | - | €10,038 | €9,784 | €9,388 | €8,881 | €8,487 | ▼ 4.4% |
| Recurring financial charges65 | €11,113 | €10,761 | €10,403 | €10,038 | €9,784 | €9,288 | €8,881 | €8,487 | ▼ 4.4% |
| Non-recurring financial charges66B | - | - | - | - | - | €100 | - | - | - |
| Profit (loss) for the period before taxes9903 | €2,366 | -€2,809 | -€2,277 | €549 | €711,653 | -€14,893 | -€8,768 | -€7,538 | ▲ 14.0% |
| Income taxes67/77 | €692 | -€254 | €57 | €505 | €178,201 | - | - | €2,422 | - |
| Profit (loss) for the period9904 | €1,674 | -€2,555 | -€2,334 | €44 | €533,452 | -€14,893 | -€8,768 | -€9,960 | ▼ 13.6% |
| Profit (loss) for the period to be appropriated9905 | €1,674 | -€2,555 | -€2,334 | €44 | €533,452 | -€14,893 | -€8,768 | -€9,960 | ▼ 13.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €0.9m | €1.0m | €1.1m | €1.2m | €1.2m | €1.2m | €1.4m | ▲ 16.5% |
| Fixed assets21/28 | €0.9m | €0.9m | €1.0m | €1.1m | €1.0m | €1.0m | €1.2m | €1.4m | ▲ 16.4% |
| Tangible fixed assets22/27 | €0.9m | €0.9m | €1.0m | €1.1m | €1.0m | €1.0m | €1.2m | €1.4m | ▲ 16.4% |
| Land and buildings22 | - | - | - | €1.0m | €0.9m | €1.0m | €1.2m | €1.4m | ▲ 17.7% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.05m | €0.04m | €0.02m | €0.01m | ▼ 54.0% |
| Current assets29/58 | €0.04m | €0.02m | €0.02m | €0.05m | €0.2m | €0.2m | €0.02m | €0.03m | ▲ 22.5% |
| Amounts receivable within one year40/41 | €0.001m | - | - | - | €0.02m | €0.005m | €100 | €100 | = |
| Other amounts receivable41 | - | - | - | - | €0.02m | €0.005m | €100 | €100 | = |
| Current investments50/53 | - | - | - | - | - | - | €0.005m | €0.005m | = |
| Cash at bank and in hand54/58 | €0.04m | €0.02m | €0.02m | €0.05m | €0.2m | €0.2m | €0.02m | €0.02m | ▲ 29.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €0.9m | €1.0m | €1.1m | €1.2m | €1.2m | €1.2m | €1.4m | ▲ 16.5% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.7m | €0.7m | €0.7m | €0.7m | ▼ 1.5% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.002m | - | - | - | - | - | - | - | - |
| Profit (loss) carried forward14 | -€0.003m | -€0.006m | -€0.008m | -€0.008m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 2.0% |
| Amounts payable17/49 | €0.8m | €0.8m | €0.9m | €0.9m | €0.5m | €0.5m | €0.6m | €0.8m | ▲ 38.2% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 5.1% |
| Financial debts170/4 | - | - | - | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 5.1% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.4m | €0.4m | €0.04m | €0.04m | €0.1m | €0.3m | ▲ 202% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.4m | €0.02m | €0.02m | €0.09m | €0.3m | ▲ 243% |
| Financial debts43 | - | - | - | €0.008m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 15.5% |
| Other loans439 | - | - | - | €0.008m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 15.5% |
| Trade debts44 | €251 | - | - | - | - | - | €43 | €128 | ▲ 196% |
| Suppliers440/4 | - | - | - | - | - | - | €43 | €128 | ▲ 196% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.005m | €0.005m | €0.006m | €0.007m | ▲ 11.4% |
| Taxes450/3 | - | - | - | €0.004m | €0.005m | €0.005m | €0.006m | €0.007m | ▲ 11.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,674 | -€2,555 | -€2,334 | €44 | €533,452 | -€14,893 | -€8,768 | -€9,960 | ▼ 13.6% |
| + Depreciation and write-downs630 | €56,599 | €62,040 | €62,303 | €69,600 | €77,414 | €70,765 | €59,509 | €66,402 | ▲ 11.6% |
| Operating cash flow (approximation) | €58,273 | €59,485 | €59,969 | €69,644 | €610,866 | €55,872 | €50,740 | €56,442 | ▲ 11.2% |
| Investment in fixed assets (approximation) | - | -€85,585 | -€191,998 | -€92,479 | -€11,938 | -€72,794 | -€271,736 | -€263,251 | ▲ 3.1% |
| Change in cash | - | -€19,413 | -€4,981 | €35,053 | €156,451 | -€22,237 | -€169,276 | €4,623 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as DECLERCQ has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DECLERCQ itself: < 0.1% within 12 months.
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 8,617 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.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00215059 | |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00350246 | |
| 31-12-2023 | full format | 02-07-2024 | 2024-00202847 | |
| 31-12-2022 | full format | 30-06-2023 | 2023-00181678 | |
| 31-12-2021 | full format | 27-06-2022 | 2022-20157397 | |
| 31-12-2020 | full format | 14-06-2021 | 2021-19500263 | |
| 31-12-2019 | full format | 08-06-2020 | 2020-15600559 | |
| 31-12-2018 | full format | 11-06-2019 | 2019-18200008 | |
| 31-12-2017 | full format | 08-05-2018 | 2018-12400295 | |
| 31-12-2016 | full format | 09-05-2017 | 2017-11500377 |
Board & ownership
Directors
Board 3
Day-to-day management 1
Owners and capital
Capital transactions
- 08-12-2023 Capital stated in the deed · €166,250 · 6,650 shares
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Alain DECLERCQ |
|
| Carine ROUSSEAU |
|
| Florent DECLERCQ |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “15, assemblée générale”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Les plus étendus conférés par articles 2:87 et suivants CSA, 32”
Articles of association, deed of 08-12-2023 (in French)
Network & group
DECLERCQ shares no director with another company.
Connections & network
3 current directorsThe network starts from the directors of DECLERCQ. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-12
Gazette deed
Registered office moved to MévergniesNew seat: rue des Carrières, 42, à 7942 Mévergnies · Appointments: Alain DECLERCQ, Carine ROUSSEAU and Florent DECLERCQ · Amendment of the articles9 points ▸
- General meeting, 16-11-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €166,250
- Registered-office move, rue des Carrières,42,à 7942 Mévergnies
- Director appointment, Alain DECLERCQ (director (not named in the articles))
- Director appointment, Carine ROUSSEAU (director (not named in the articles))
- Director appointment, Florent DECLERCQ (director (not named in the articles))
- Director appointment, Alain DECLERCQ (managing director)
- Approval, 20-04-2023, “ratification des actes des administrateurs” (deed in French)
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
5 activities
- Toutes opérations d’achat,de location,de vente,de promotion,d’échange,d’exploitation,de gestion,de mise en valeur,de restauration,de lotissement de tous immeubles ou parties divises ou indivises d’immeubles généralement quelconques,ainsi que la gestion et l’administration de tous biens immobiliers et toutes entreprises de travaux publics ou privés.
- Tous conseils en matières immobilière,mobilière,fiscale,juridique et commerciale,
- L’organisation et l’assurance en matière de gestion,d’investissement,de marketing,de distribution et de comptabilité,
- L’importation et l’exportation,l’achat et la vente de biens divers et
- L’organisation de voyages et de visites touristiques en Belgique et/ou à l’étranger.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 51014D0008/00G000 | Wallonia | 1,200 m² | 1 · 207 m² | 14.7 m · 4 |
| 51043A0305/00H000 | Wallonia | 153 m² | 1 · 90 m² | 8.3 m · 2 |