DECLIMO
ActiveSummary
DECLIMO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €649,370 and a net result of €22,666. Equity remains stable across the filed fiscal years (±1.7% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-10
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.76 in 2024; short-term debt: 10.6% and cash: 9% of total assets), and 13% of the assets are financed with debt.
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Signals
Five 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
87%
Return on assets
3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €649,370
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
94 d early
2023
20 d early
2022
52 d early
2021
90 d early
2020
25 d early
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€649,370▲ 3.6%
2024 · €626,705
Total assets
€746,558▼ 12.3%
2024 · €851,620
Net result
€22,666▼ 76.7%
2024 · €97,450
Working capital
-€11,465▲ 76.5%
2024 · -€48,836
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
Line20212022202320242025
Operating result€21,677▼ 7.9%€17,958▼ 17.2%€28,178▲ 56.9%€153,899▲ 446%€42,898▼ 72.1%
Net result€8,527▼ 27.6%€1,176▼ 86.2%€15,009▲ 1,176%€97,450▲ 549%€22,666▼ 76.7%
Equity€821,570▲ 1.0%€514,246▼ 37.4%€529,255▲ 2.9%€626,705▲ 18.4%€649,370▲ 3.6%
Total assets€847,737▲ 0.1%€861,013▲ 1.6%€845,881▼ 1.8%€851,620▲ 0.7%€746,558▼ 12.3%
Debt€676▼ 89.7%€323,232▲ 47,718%€294,945▼ 8.8%€205,051▼ 30.5%€78,902▼ 61.5%
Working capital€102,804▲ 12.5%-€190,192-€160,753▲ 15.5%-€48,836▲ 69.6%-€11,465▲ 76.5%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €746,558
Fixed assets
€679,121 ▼ 2.3%
Current assets
€67,437 ▼ 56.8%
Equity and liabilities €746,558
Equity
€649,370 ▲ 3.6%
Provisions
€18,285 ▼ 8.0%
Debt
€78,902 ▼ 61.5%
Debt's share of the balance-sheet total falls from 24.1% to 10.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,182▼
2024 · €170,183
Cash flow
€38,950▼
2024 · €113,734
Current ratio
0.85▲
2024 · 0.76
Debt to equity
0.12▼
2024 · 0.33
ROE
3.5%▼
2024 · 15.5%
ROA
3.0%▼
2024 · 11.4%
Interest coverage
13.23▼
2024 · 40.17
Debt ≤ 1 year
€78,902▼
2024 · €205,051
Income taxes
€15,758▼
2024 · €52,213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 14,733 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €121,494 | €60,980 | ▼ 49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,044 | €16,284 | €16,284 | €16,284 | €16,284 | = |
| Other operating charges640/8 | €2,833 | €10,471 | €10,997 | €7,712 | €7,362 | ▼ 4.5% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €40,554 | €44,713 | €55,459 | €177,896 | €66,545 | ▼ 62.6% |
| Operating profit (loss)9901 | €21,677 | €17,958 | €28,178 | €153,899 | €42,898 | ▼ 72.1% |
| Financial charges65/66B | €4,006 | €4,077 | €4,399 | €4,236 | €4,475 | ▲ 5.6% |
| Recurring financial charges65 | €4,006 | €4,077 | €4,399 | €4,236 | €4,475 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €17,671 | €13,881 | €23,778 | €149,663 | €38,423 | ▼ 74.3% |
| Income taxes67/77 | €9,143 | €12,705 | €8,769 | €52,213 | €15,758 | ▼ 69.8% |
| Profit (loss) for the period9904 | €8,527 | €1,176 | €15,009 | €97,450 | €22,666 | ▼ 76.7% |
| Profit (loss) for the period to be appropriated9905 | €8,527 | €1,176 | €15,009 | €97,450 | €22,666 | ▼ 76.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €847,737 | €861,013 | €845,881 | €851,620 | €746,558 | ▼ 12.3% |
| Fixed assets21/28 | €744,257 | €727,973 | €711,689 | €695,405 | €679,121 | ▼ 2.3% |
| Tangible fixed assets22/27 | €744,257 | €727,973 | €711,689 | €695,405 | €679,121 | ▼ 2.3% |
| Land and buildings22 | €744,257 | €727,973 | €711,689 | €695,405 | €679,121 | ▼ 2.3% |
| Current assets29/58 | €103,480 | €133,040 | €134,192 | €156,215 | €67,437 | ▼ 56.8% |
| Amounts receivable within one year40/41 | €857 | €3,482 | €6,049 | €124,982 | €0 | ▼ 100% |
| Other amounts receivable41 | €857 | €3,482 | €6,049 | €124,982 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €102,162 | €129,047 | €128,143 | €30,679 | €66,871 | ▲ 118% |
| Deferred charges and accrued income490/1 | €461 | €511 | €0 | €554 | €566 | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €847,737 | €861,013 | €845,881 | €851,620 | €746,558 | ▼ 12.3% |
| Equity10/15 | €821,570 | €514,246 | €529,255 | €626,705 | €649,370 | ▲ 3.6% |
| Contributions10/11 | €370,000 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €370,000 | €0 | - | - | - | - |
| Issued capital100 | €370,000 | €0 | - | - | - | - |
| Outside capital11 | - | €61,500 | - | - | - | - |
| Other1109/19 | - | €61,500 | - | - | - | - |
| Revaluation surpluses12 | €347,830 | €332,289 | €316,747 | €301,206 | €285,664 | ▼ 5.2% |
| Reserves13 | €103,740 | €120,457 | €151,008 | €263,999 | €302,206 | ▲ 14.5% |
| Non-distributable reserves130/1 | €57,283 | €62,166 | €77,708 | €93,249 | €108,791 | ▲ 16.7% |
| Legal reserve130 | €10,658 | €0 | - | - | - | - |
| Other1319 | €46,625 | €62,166 | €77,708 | €93,249 | €108,791 | ▲ 16.7% |
| Distributable reserves133 | €46,457 | €58,291 | €73,300 | €170,750 | €193,415 | ▲ 13.3% |
| Provisions and deferred taxes16 | €25,491 | €23,535 | €21,681 | €19,865 | €18,285 | ▼ 8.0% |
| Provisions for liabilities and charges160/5 | €25,491 | €23,535 | €21,681 | €19,865 | €18,285 | ▼ 8.0% |
| Other liabilities and charges164/5 | €25,491 | €23,535 | €21,681 | €19,865 | €18,285 | ▼ 8.0% |
| Amounts payable17/49 | €676 | €323,232 | €294,945 | €205,051 | €78,902 | ▼ 61.5% |
| Amounts payable within one year42/48 | €676 | €323,232 | €294,945 | €205,051 | €78,902 | ▼ 61.5% |
| Trade debts44 | €676 | €9,402 | €502 | €1,395 | €887 | ▼ 36.4% |
| Suppliers440/4 | €676 | €9,402 | €502 | €1,395 | €887 | ▼ 36.4% |
| Taxes, remuneration and social security45 | - | €20,719 | €1,331 | €18,544 | €758 | ▼ 95.9% |
| Taxes450/3 | - | €20,719 | €1,331 | €18,544 | €758 | ▼ 95.9% |
| Other amounts payable47/48 | €0 | €293,112 | €293,112 | €185,112 | €77,257 | ▼ 58.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,527 | €1,176 | €15,009 | €97,450 | €22,666 | ▼ 76.7% |
| + Depreciation and write-downs630 | €16,044 | €16,284 | €16,284 | €16,284 | €16,284 | = |
| Operating cash flow (approximation) | €24,572 | €17,460 | €31,293 | €113,734 | €38,950 | ▼ 65.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €26,885 | -€905 | -€97,464 | €36,192 | ▲ 137% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €97,450 ▲549%
Operating result €153,899, net result €97,450, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €1,176 ▼86.2%
Net result drops to €1,176, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 10current ratio 153.08
Current ratio from 14.93 to 153.08; short-term debt falls from €6,562 to €676.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
2019
31-12
Financial
Equity above €500,000Eq €801,258 ▲106%
2 profitable years in a row build equity to €801,258.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
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, Bornem · 1 establishment unit since 2002
Ground area
903 m²
Building footprint
128 m²
Volume, LiDAR
777 m³
Parcel 12362H0691/00T000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Luipegem(BOR) 146, 2880 Bornem
since 20022.096.159.211
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362H0691/00T000 | Flanders | 903 m² | 1 · 128 m² | 10.3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded21-05-2002
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477550004
Registered
21-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.