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Declercq Rein

Active
Private limited companyfounded 20242 yrs activeVeldm. Montgomerystraat 140, 8520 Kuurne, BelgiumKBO/BCE: BE 1006.322.243
Summary

The computed 12-month bankruptcy probability of Declercq Rein is 2.2% (moderate). The 2025 annual accounts show equity of €30,919 and a net result of €16,867. Its solvency ranks better than 71% of 28374 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency91▲+29
Growth78
Track record82
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.94 against 1.59 in 2024; short-term debt: 34% and cash: 56.7% of total assets), and 34% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
66%
Return on assets
36%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
1 d early
2024
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Declercq Rein was incorporated on 22 February 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€30,919▲ 120%
2024 · €14,052
Total assets
€46,820▲ 24.0%
2024 · €37,763
Net result
€16,867▲ 20.0%
2024 · €14,052
Working capital
€30,879▲ 120%
2024 · €14,052
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€15,853-€22,508▲ 42.0%
Net result€14,052within the sector's middle half-€16,867within the sector's middle half▲ 20.0%
Equity€14,052below the sector's middle half-€30,919within the sector's middle half▲ 120%
Total assets€37,763below the sector's middle half-€46,820below the sector's middle half▲ 24.0%
Debt€23,711-€15,901▼ 32.9%
Working capital€14,052within the sector's middle half-€30,879within the sector's middle half▲ 120%
Solvency37.2%within the sector's middle half-66.0%within the sector's middle half▲ 28.8pp
Current ratio1.59within the sector's middle half-2.94within the sector's middle half▲ 1.35
Return on assets (ROA)37.2%above the sector's middle half-36.0%above the sector's middle half▼ 1.2pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2024: €15,853€15,853Net result 2024: €14,052€14,052Operating result 2025: €22,508€22,508Net result 2025: €16,867€16,86720242025€0€10,000€20,000Operating result 2024: €15,853€15,900Net result 2024: €14,052€14,100Operating result 2025: €22,508€22,500Net result 2025: €16,867€16,90020242025
The operating result rises in 2025; 2025 is 42% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46,820
Fixed assets €40
Current assets €46,780
Equity and liabilities €46,820
Equity €30,919 ▲ 120%
Debt €15,901 ▼ 32.9%
Debt's share of the balance-sheet total falls from 62.8% to 34.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.51▼
2024 · 1.69
ROE
54.6%▼
2024 · 100.0%
Debt ≤ 1 year
€15,901▼
2024 · €23,711
Income taxes
€4,294▲
2024 · €1,547
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€37,763€46,820▲
Fixed assets21/28-€40
Financial fixed assets28-€40
Current assets29/58€37,763€46,780▲
Amounts receivable within one year40/41€26,033€18,602▼
Trade receivables40€23,503€16,992▼
Other amounts receivable41€2,529€1,610▼
Current investments50/53-€1,500
Cash at bank and in hand54/58€11,122€26,560▲
Deferred charges and accrued income490/1€607€118▼
Equity and liabilities
Total equity and liabilities10/49€37,763€46,820▲
Equity10/15€14,052€30,919▲
Contributions10/11€8,000€8,000=
Profit (loss) carried forward14€6,052€22,919▲
Amounts payable17/49€23,711€15,901▼
Amounts payable within one year42/48€23,711€15,901▼
Trade debts44€4,328€5,663▲
Suppliers440/4€4,328€5,663▲
Taxes, remuneration and social security45€1,547€5,841▲
Taxes450/3€1,547€5,841▲
Other amounts payable47/48€17,836€4,398▼
Income statement Code20242025
Other operating charges640/8€411€491▲
Gross operating margin9900€16,264€22,999▲
Operating profit (loss)9901€15,853€22,508▲
Financial charges65/66B€255€1,347▲
Recurring financial charges65€255€1,347▲
Profit (loss) for the period before taxes9903€15,598€21,161▲
Income taxes67/77€1,547€4,294▲
Profit (loss) for the period9904€14,052€16,867▲
Profit (loss) for the period to be appropriated9905€14,052€16,867▲
Appropriation of the result
Profit (loss) to be appropriated9906€14,052€22,919▲
Profit (loss) brought forward from the previous period14P-€6,052
Profit to be distributed694/7€8,000-
Directors or managers695€8,000-

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Other operating charges640/8€411€491▲ 19.6%
Gross operating margin9900€16,264€22,999▲ 41.4%
Operating profit (loss)9901€15,853€22,508▲ 42.0%
Financial charges65/66B€255€1,347▲ 429%
Recurring financial charges65€255€1,347▲ 429%
Profit (loss) for the period before taxes9903€15,598€21,161▲ 35.7%
Income taxes67/77€1,547€4,294▲ 178%
Profit (loss) for the period9904€14,052€16,867▲ 20.0%
Profit (loss) for the period to be appropriated9905€14,052€16,867▲ 20.0%
Line20242025Change
Assets
Total assets20/58€37,763€46,820▲ 24.0%
Fixed assets21/28-€40-
Financial fixed assets28-€40-
Current assets29/58€37,763€46,780▲ 23.9%
Amounts receivable within one year40/41€26,033€18,602▼ 28.5%
Trade receivables40€23,503€16,992▼ 27.7%
Other amounts receivable41€2,529€1,610▼ 36.3%
Current investments50/53-€1,500-
Cash at bank and in hand54/58€11,122€26,560▲ 139%
Deferred charges and accrued income490/1€607€118▼ 80.6%
Equity and liabilities
Total equity and liabilities10/49€37,763€46,820▲ 24.0%
Equity10/15€14,052€30,919▲ 120%
Contributions10/11€8,000€8,000=
Profit (loss) carried forward14€6,052€22,919▲ 279%
Amounts payable17/49€23,711€15,901▼ 32.9%
Amounts payable within one year42/48€23,711€15,901▼ 32.9%
Trade debts44€4,328€5,663▲ 30.8%
Suppliers440/4€4,328€5,663▲ 30.8%
Taxes, remuneration and social security45€1,547€5,841▲ 278%
Taxes450/3€1,547€5,841▲ 278%
Other amounts payable47/48€17,836€4,398▼ 75.3%
Line20242025Change
Profit (loss) for the period9904€14,052€16,867▲ 20.0%
Operating cash flow (approximation)€14,052€16,867▲ 20.0%
Change in cash-€15,438-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
29-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Kuurne · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
305 m²
Building footprint
91 m²
Volume, LiDAR
547 m³
Parcel 34023B0817/00C006, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Declercq Rein
Veldm. Montgomerystraat 140, 8520 KuurneGeneral electrical installation work
since 20242.356.218.684
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34023B0817/00C006 Flanders 305 m² 1 · 91 m² 10.9 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.

Similar companies · same sector, comparable size

Of 22,818 companies in sector 43211 we hold annual accounts for 10,336. 8,011 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
Founded22-02-2024
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
47552Retail sale of lighting equipment
64210Activities of holding companies
70200Business and other management consultancy
77210Renting and leasing of sports and recreation goods
77392Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1006322243
Also 9925:BE1006322243
Registered 21-11-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.