Summary
DECLERCQ G. is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €293k and a net result of €245k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 42% of 9863 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
43 d late
2022
61 d late
2021
46 d late
2020
47 d late
2019
63 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date Which other companies resemble this one?Lookalike companies
Financials · fiscal year 2024, micro schema
Equity
€293k▲ 18.2%
2023 · €248k
Net result
€245k▲ 36.6%
2023 · €179k
Total assets
€643k▲ 14.4%
2023 · €562k
Solvency
45.6%▲ 1.4pp
2023 · 44.2%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€180k▲ 20.0%€207k▲ 15.2%€224k▲ 8.0%€239k▲ 6.8%€325k▲ 35.9%
Net result€134k▲ 24.7%€155k▲ 15.3%€167k▲ 7.6%€179k▲ 7.6%€245k▲ 36.6%
Equity€197k▼ 31.5%€52k▼ 73.6%€69k▲ 32.2%€248k▲ 261%€293k▲ 18.2%
Total assets€542k▲ 22.6%€629k▲ 15.9%€759k▲ 20.8%€562k▼ 26.0%€643k▲ 14.4%
Debt€345k▲ 123%€576k▲ 67.0%€690k▲ 19.7%€314k▼ 54.6%€349k▲ 11.4%
Working capital€127k▼ 45.4%€-33k€-26k▲ 22.2%€138k€178k▲ 28.8%
Solvency36.3%▼ 28.7pp8.3%▼ 28.1pp9.1%▲ 0.8pp44.2%▲ 35.1pp45.6%▲ 1.4pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 36% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €643k
Fixed assets
€170k ▼ 8.4%
Current assets
€472k ▲ 25.7%
Equity and liabilities €643k
Equity
€293k ▲ 18.2%
Debt
€349k ▲ 11.4%
Debt's share of the balance-sheet total falls from 55.8% to 54.4%. Equity and debt are higher.
Key figures and ratios
ROE
83.6%▲
2023 · 72.3%
ROA
38.1%▲
2023 · 31.9%
Debt ≤ 1 year
€294k▲
2023 · €237k
Debt > 1 year
€55k▼
2023 · €76k
Income taxes
€81k▲
2023 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €20k | €27k | €22k | €21k | ▼ 0.5% |
| Other operating charges640/8 | - | €2k | €3k | €3k | €3k | ▼ 13.6% |
| Gross operating margin9900 | €200k | €229k | €254k | €264k | €349k | ▲ 32.4% |
| Operating profit (loss)9901 | €180k | €207k | €224k | €239k | €325k | ▲ 35.9% |
| Financial income75/76B | - | €12 | - | €5 | €3k | ▲ 48,266% |
| Recurring financial income75 | - | €12 | - | €5 | €3k | ▲ 48,266% |
| Financial charges65/66B | - | €2k | €2k | €2k | €2k | ▼ 9.2% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €2k | ▼ 9.2% |
| Profit (loss) for the period before taxes9903 | €178k | €205k | €222k | €237k | €326k | ▲ 37.4% |
| Income taxes67/77 | €43k | €50k | €55k | €58k | €81k | ▲ 39.9% |
| Profit (loss) for the period9904 | €134k | €155k | €167k | €179k | €245k | ▲ 36.6% |
| Profit (loss) for the period to be appropriated9905 | €134k | €155k | €167k | €179k | €245k | ▲ 36.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €542k | €629k | €759k | €562k | €643k | ▲ 14.4% |
| Fixed assets21/28 | €156k | €153k | €205k | €186k | €170k | ▼ 8.4% |
| Tangible fixed assets22/27 | €156k | €153k | €205k | €186k | €170k | ▼ 8.4% |
| Land and buildings22 | - | €137k | €146k | €139k | €132k | ▼ 4.6% |
| Furniture and vehicles24 | - | €16k | €60k | €47k | €38k | ▼ 19.7% |
| Current assets29/58 | €386k | €475k | €554k | €376k | €472k | ▲ 25.7% |
| Amounts receivable within one year40/41 | €23k | €20k | €42k | €38k | €91k | ▲ 138% |
| Trade receivables40 | - | €20k | €33k | €33k | €91k | ▲ 172% |
| Other amounts receivable41 | - | - | €8k | €5k | €75 | ▼ 98.5% |
| Current investments50/53 | - | - | - | €150k | €152k | ▲ 1.2% |
| Cash at bank and in hand54/58 | €361k | €455k | €510k | €186k | €230k | ▲ 23.8% |
| Deferred charges and accrued income490/1 | - | - | €2k | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €542k | €629k | €759k | €562k | €643k | ▲ 14.4% |
| Equity10/15 | €197k | €52k | €69k | €248k | €293k | ▲ 18.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €178k | €33k | €50k | €230k | €275k | ▲ 19.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €32k | €48k | €230k | €275k | ▲ 19.6% |
| Amounts payable17/49 | €345k | €576k | €690k | €314k | €349k | ▲ 11.4% |
| Amounts payable after more than one year17 | €86k | €68k | €110k | €76k | €55k | ▼ 27.2% |
| Financial debts170/4 | - | €68k | €110k | €76k | €55k | ▼ 27.2% |
| Amounts payable within one year42/48 | €259k | €508k | €580k | €237k | €294k | ▲ 23.8% |
| Current portion of amounts payable after more than one year42 | - | €18k | €6k | €20k | €21k | ▲ 1.2% |
| Trade debts44 | €5k | €1k | €12k | €960 | €7k | ▲ 668% |
| Suppliers440/4 | - | €1k | €12k | €960 | €7k | ▲ 668% |
| Taxes, remuneration and social security45 | - | €29k | €19k | €19k | €19k | ▼ 4.3% |
| Taxes450/3 | - | €29k | €19k | €19k | €19k | ▼ 4.3% |
| Other amounts payable47/48 | - | €460k | €542k | €197k | €247k | ▲ 25.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €134k | €155k | €167k | €179k | €245k | ▲ 36.6% |
| + Depreciation and write-downs630 | €18k | €20k | €27k | €22k | €21k | ▼ 0.5% |
| Operating cash flow (approximation) | €152k | €175k | €194k | €201k | €267k | ▲ 32.6% |
| Investment in fixed assets (approximation) | - | €-17k | €-79k | €-2k | €-6k | ▼ 150% |
| Change in cash | - | €94k | €55k | €-325k | €44k | ▲ 114% |
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
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Highest result since 2018net €245k ▲36.6%
Operating result €325k, net result €245k, both a record.
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
31-12
Financial
Equity above €200kEq €248k ▲261%
6 profitable years in a row build equity to €248k.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
31-12
Financial
Equity above €200kEq €288k ▲65.5%
2 profitable years in a row build equity to €288k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 52 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kortrijk · 1 establishment unit since 2015
Ground area
2,506 m²
Building footprint
452 m²
Volume, LiDAR
4,746 m³
2 parcels, Flanders · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Declercq G.
since 20152.246.170.503
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0285/00H000 | Flanders | 1,650 m² | 1 · 207 m² | 8.4 m · 2 fl. |
| 34022G0190/00Y005 | Flanders | 856 m² | 1 · 245 m² | 17.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 13,762 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.