DECLERCQ LOGISTICS
ActiveSummary
DECLERCQ LOGISTICS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €509k and a net result of €8k. Equity is shrinking by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 12% of 269 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-3
Solvency31▼-2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.05 in 2024; short-term debt: 47% and cash: 0.5% of total assets), and 93.9% 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
6.1%
Return on assets
0.1%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 269 sector peers (2025).
NBB · sector comparisonPosition among 269 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
3 d early
2023
on the day
2022
5 d early
2021
6 d early
2020
39 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€509k▲ 1.5%
2024 · €502k
2019: €745khighest in 7 years
2020: €679k▼ -8.9% vs 2019
2021: €602k▼ -11.4% vs 2020
2022: €549k▼ -8.8% vs 2021
2023: €516k▼ -6.0% vs 2022
2024: €502k▼ -2.7% vs 2023lowest in 7 years
2025: €509k▲ +1.5% vs 2024
2019 → 2025
Total assets
€8.33M▲ 36.0%
2024 · €6.12M
2019: €3.97Mlowest in 7 years
2020: €4.56M▲ +14.9% vs 2019
2021: €5.55M▲ +21.8% vs 2020
2022: €5.60M▲ +0.9% vs 2021
2023: €5.55M▼ -0.8% vs 2022
2024: €6.12M▲ +10.3% vs 2023
2025: €8.33M▲ +36.0% vs 2024highest in 7 years
2019 → 2025
Net result
€8k
2024 · €-14k
2019: €3k
2020: €-66k▼ -2410% vs 2019
2021: €-77k▼ -16.9% vs 2020lowest in 7 years
2022: €-53k▲ +31.0% vs 2021
2023: €-33k▲ +38.1% vs 2022
2024: €-14k▲ +58.0% vs 2023
2025: €8k▲ +155% vs 2024highest in 7 years
2019 → 2025
Working capital
€-3.66M▼ 83.2%
2024 · €-2.00M
2019: €-1.38Mhighest in 7 years
2020: €-2.33M▼ -68.5% vs 2019
2021: €-1.39M▲ +40.2% vs 2020
2022: €-2.11M▼ -51.8% vs 2021
2023: €-1.48M▲ +30.1% vs 2022
2024: €-2.00M▼ -35.2% vs 2023
2025: €-3.66M▼ -83.2% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€602k-€549k▼ 8.8%€516k▼ 6.0%€502k▼ 2.7%€509k▲ 1.5%
2021: €602khighest in 5 years
2022: €549k▼ -8.8% vs 2021
2023: €516k▼ -6.0% vs 2022
2024: €502k▼ -2.7% vs 2023lowest in 5 years
2025: €509k▲ +1.5% vs 2024
Operating result€-31k-€-20k▲ 36.5%€11k€25k▲ 118%€66k▲ 167%
2021: €-31klowest in 5 years
2022: €-20k▲ +36.5% vs 2021
2023: €11k▲ +158% vs 2022
2024: €25k▲ +118% vs 2023
2025: €66k▲ +167% vs 2024highest in 5 years
Net result€-77k-€-53k▲ 31.0%€-33k▲ 38.1%€-14k▲ 58.0%€8k
2021: €-77klowest in 5 years
2022: €-53k▲ +31.0% vs 2021
2023: €-33k▲ +38.1% vs 2022
2024: €-14k▲ +58.0% vs 2023
2025: €8k▲ +155% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 167% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.33M
Fixed assets
€8.08M ▲ 34.5%
Current assets
€248k ▲ 114%
Equity and liabilities €8.33M
Equity
€509k ▲ 1.5%
Provisions
€81k ▼ 5.9%
Debt
€7.74M ▲ 39.8%
Debt's share of the balance-sheet total rises from 90.4% to 92.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€270k▲
2024 · €207k
Cash flow
€212k▲
2024 · €168k
Current ratio
0.06▲
2024 · 0.05
Debt to equity
15.18▲
2024 · 11.03
ROE
1.5%▲
2024 · -2.8%
ROA
0.1%▲
2024 · -0.2%
Interest coverage
4.37▼
2024 · 4.72
Debt ≤ 1 year
€3.91M▲
2024 · €2.12M
Debt > 1 year
€3.81M▲
2024 · €3.41M
Income taxes
€4k
Staff costs
€1.76M▼
2024 · €1.77M
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.12M€8.33M▲
Fixed assets21/28€6.01M€8.08M▲
Tangible fixed assets22/27€5.28M€7.35M▲
Land and buildings22€5.28M€7.35M▲
Financial fixed assets28€730k€730k=
Current assets29/58€116k€248k▲
Amounts receivable within one year40/41€64k€174k▲
Trade receivables40-€110k
Other amounts receivable41€64k€64k▲
Cash at bank and in hand54/58€10k€38k▲
Deferred charges and accrued income490/1€43k€36k▼
Equity and liabilities
Total equity and liabilities10/49€6.12M€8.33M▲
Equity10/15€502k€509k▲
Contributions10/11€136k€136k=
Capital10€136k€136k=
Issued capital100€136k€136k=
Reserves13€365k€373k▲
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Tax-exempt reserves132€259k€244k▼
Distributable reserves133€93k€116k▲
Provisions and deferred taxes16€86k€81k▼
Deferred taxes168€86k€81k▼
Amounts payable17/49€5.53M€7.74M▲
Amounts payable after more than one year17€3.41M€3.81M▲
Financial debts170/4€3.41M€3.81M▲
Amounts payable within one year42/48€2.12M€3.91M▲
Current portion of amounts payable after more than one year42€363k€492k▲
Financial debts43€96k€1.01M▲
Credit institutions430/8€96k€105k▲
Other loans439-€900k
Trade debts44€535k€1.10M▲
Suppliers440/4€535k€1.10M▲
Taxes, remuneration and social security45€178k€190k▲
Taxes450/3-€5k
Remuneration and social security454/9€178k€185k▲
Other amounts payable47/48€943k€1.12M▲
Accrued charges and deferred income492/3€9k€12k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.77M€1.76M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€182k€204k▲
Other operating charges640/8€22k€32k▲
Gross operating margin9900€2.00M€2.06M▲
Operating profit (loss)9901€25k€66k▲
Financial income75/76B€255€3k▲
Recurring financial income75€255€3k▲
Financial charges65/66B€44k€62k▲
Recurring financial charges65€44k€62k▲
Profit (loss) for the period before taxes9903€-19k€7k▲
Transfer from deferred taxes780€5k€5k=
Income taxes67/77-€4k
Profit (loss) for the period9904€-14k€8k▲
Transfer from tax-exempt reserves789€15k€15k=
Profit (loss) for the period to be appropriated9905€1k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€23k▲
Transfer from equity791/2€0-
Transfer to equity691/2€1k€23k▲
To other reserves6921€1k€23k▲
Social balance
Average headcount (FTE)908726.824.4▼
The notes to these accounts (18 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.48M | €1.69M | €1.77M | €1.76M | ▼ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146k | €175k | €181k | €182k | €204k | ▲ 12.0% |
| Other operating charges640/8 | - | €12k | €13k | €22k | €32k | ▲ 46.5% |
| Gross operating margin9900 | €1.24M | €1.64M | €1.89M | €2.00M | €2.06M | ▲ 3.2% |
| Operating profit (loss)9901 | €-31k | €-20k | €11k | €25k | €66k | ▲ 167% |
| Financial income75/76B | - | €250 | €253 | €255 | €3k | ▲ 947% |
| Recurring financial income75 | €370 | €250 | €253 | €255 | €3k | ▲ 947% |
| Financial charges65/66B | - | €74k | €50k | €44k | €62k | ▲ 40.7% |
| Recurring financial charges65 | €53k | €74k | €50k | €44k | €62k | ▲ 40.7% |
| Profit (loss) for the period before taxes9903 | €-84k | €-93k | €-38k | €-19k | €7k | ▲ 136% |
| Transfer from deferred taxes780 | - | €40k | €5k | €5k | €5k | = |
| Income taxes67/77 | - | - | - | - | €4k | - |
| Profit (loss) for the period9904 | €-77k | €-53k | €-33k | €-14k | €8k | ▲ 155% |
| Transfer from tax-exempt reserves789 | - | €120k | €15k | €15k | €15k | = |
| Profit (loss) for the period to be appropriated9905 | €-58k | €67k | €-18k | €1k | €23k | ▲ 1,506% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.55M | €5.60M | €5.55M | €6.12M | €8.33M | ▲ 36.0% |
| Fixed assets21/28 | €5.30M | €5.52M | €5.46M | €6.01M | €8.08M | ▲ 34.5% |
| Tangible fixed assets22/27 | €5.30M | €5.52M | €5.46M | €5.28M | €7.35M | ▲ 39.3% |
| Land and buildings22 | - | €5.52M | €5.46M | €5.28M | €7.35M | ▲ 39.3% |
| Financial fixed assets28 | €2k | €0 | - | €730k | €730k | = |
| Current assets29/58 | €247k | €80k | €94k | €116k | €248k | ▲ 114% |
| Amounts receivable within one year40/41 | €25k | €28k | €37k | €64k | €174k | ▲ 173% |
| Trade receivables40 | - | - | - | - | €110k | - |
| Other amounts receivable41 | - | €28k | €37k | €64k | €64k | ▲ 0.2% |
| Cash at bank and in hand54/58 | €214k | €32k | €39k | €10k | €38k | ▲ 296% |
| Deferred charges and accrued income490/1 | - | €19k | €18k | €43k | €36k | ▼ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.55M | €5.60M | €5.55M | €6.12M | €8.33M | ▲ 36.0% |
| Equity10/15 | €602k | €549k | €516k | €502k | €509k | ▲ 1.5% |
| Contributions10/11 | €136k | €136k | €136k | €136k | €136k | = |
| Capital10 | - | €136k | €136k | €136k | €136k | = |
| Issued capital100 | - | €136k | €136k | €136k | €136k | = |
| Reserves13 | €466k | €412k | €379k | €365k | €373k | ▲ 2.1% |
| Non-distributable reserves130/1 | - | €14k | €14k | €14k | €14k | = |
| Legal reserve130 | - | €14k | €14k | €14k | €14k | = |
| Tax-exempt reserves132 | - | €289k | €274k | €259k | €244k | ▼ 5.9% |
| Distributable reserves133 | - | €109k | €92k | €93k | €116k | ▲ 24.7% |
| Provisions and deferred taxes16 | €136k | €96k | €91k | €86k | €81k | ▼ 5.9% |
| Deferred taxes168 | - | €96k | €91k | €86k | €81k | ▼ 5.9% |
| Amounts payable17/49 | €4.81M | €4.95M | €4.95M | €5.53M | €7.74M | ▲ 39.8% |
| Amounts payable after more than one year17 | €3.16M | €2.75M | €3.36M | €3.41M | €3.81M | ▲ 11.9% |
| Financial debts170/4 | - | €2.75M | €3.36M | €3.41M | €3.81M | ▲ 11.9% |
| Amounts payable within one year42/48 | €1.64M | €2.19M | €1.57M | €2.12M | €3.91M | ▲ 84.8% |
| Current portion of amounts payable after more than one year42 | - | €436k | €410k | €363k | €492k | ▲ 35.2% |
| Financial debts43 | - | €75k | €67k | €96k | €1.01M | ▲ 949% |
| Credit institutions430/8 | - | €75k | €67k | €96k | €105k | ▲ 10.0% |
| Other loans439 | - | - | - | - | €900k | - |
| Trade debts44 | €185k | €689k | €268k | €535k | €1.10M | ▲ 106% |
| Suppliers440/4 | - | €689k | €268k | €535k | €1.10M | ▲ 106% |
| Taxes, remuneration and social security45 | - | €174k | €192k | €178k | €190k | ▲ 6.8% |
| Taxes450/3 | - | €8k | €0 | - | €5k | - |
| Remuneration and social security454/9 | - | €166k | €192k | €178k | €185k | ▲ 4.0% |
| Other amounts payable47/48 | - | €820k | €635k | €943k | €1.12M | ▲ 18.7% |
| Accrued charges and deferred income492/3 | - | €8k | €11k | €9k | €12k | ▲ 28.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-77k | €-53k | €-33k | €-14k | €8k | ▲ 155% |
| + Depreciation and write-downs630 | €146k | €175k | €181k | €182k | €204k | ▲ 12.0% |
| Operating cash flow (approximation) | €69k | €122k | €148k | €168k | €212k | ▲ 25.8% |
| Investment in fixed assets (approximation) | - | €-390k | €-121k | €-730k | €-2.28M | ▼ 212% |
| Change in cash | - | €-181k | €7k | €-30k | €29k | ▲ 197% |
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
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €8k
Net result €8k after 5 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-12
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 5 acts read
About the unread acts
We know of 5 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
5 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, Waregem · 1 establishment unit since 1990
Ground area
6,425 m²
Building footprint
1,675 m²
Volume, LiDAR
14,570 m³
Parcel 34040C0001/00R000, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
DECLERCQ LOGISTICS NV
since 19902.049.339.289
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0001/00R000 | Flanders | 6,425 m² | 1 · 1,675 m² | 13.2 m · 3 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
2022 to 2025 · 4 entries · 2,259 EUR awarded · 2,259 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,802 EUR | 1,802 EUR |
| 2024 | 1 | 282 EUR | 282 EUR |
| 2023 | 1 | 104 EUR | 104 EUR |
| 2022 | 1 | 71 EUR | 71 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 176 companies in sector 23630 we hold annual accounts for 148. 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
Founded22-03-1990
Fiscal year end30-06
Activities, NACEBEL 2025
23630Manufacture of other non-metallic mineral products
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.