DECLINOX CONSTRUCTION
ActiveSummary
DECLINOX CONSTRUCTION has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231,860 and a net result of €43,984. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 74% of 2,316 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €231,860
- Profit
- €43,984
Why 96raises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskLiquidity: current ratio 3.66, cash €157,369Equity €231,860 (68.6% of total assets)Founded in 2008Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 25, micro): better than 73% on solvency, 92% on liquidity, 72% on profitability and 47% on growth.
The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 18 days after the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2018 to 2025net €56,096 ▲73.2%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 17% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,392 | €20,238 | €20,337 | €15,233 | €14,947 | €16,778 | €15,717 | €17,270 | ▲ 9.9% |
| Other operating charges640/8 | - | - | - | €1,278 | €1,355 | €2,444 | €1,560 | €1,579 | ▲ 1.2% |
| Gross operating margin9900 | €41,805 | €35,350 | €33,228 | €45,970 | €54,285 | €66,542 | €95,246 | €83,476 | ▼ 12.4% |
| Operating profit (loss)9901 | €20,192 | €13,807 | €11,327 | €29,458 | €37,983 | €47,320 | €77,969 | €64,627 | ▼ 17.1% |
| Financial income75/76B | - | - | - | - | €101 | €225 | €441 | €697 | ▲ 57.9% |
| Recurring financial income75 | €1 | €1 | €89 | - | €101 | €225 | €441 | €697 | ▲ 57.9% |
| Financial charges65/66B | - | - | - | €1,467 | €1,162 | €2,010 | -€141 | €3,122 | - |
| Recurring financial charges65 | €4,932 | €154 | €2,133 | €1,467 | €1,162 | €2,010 | -€141 | €3,122 | - |
| Profit (loss) for the period before taxes9903 | €15,262 | €13,654 | €9,283 | €27,991 | €36,921 | €45,534 | €78,550 | €62,202 | ▼ 20.8% |
| Income taxes67/77 | €4,748 | €4,599 | €1,681 | €8,722 | €10,539 | €13,148 | €22,454 | €18,218 | ▼ 18.9% |
| Profit (loss) for the period9904 | €10,513 | €9,055 | €7,602 | €19,269 | €26,382 | €32,386 | €56,096 | €43,984 | ▼ 21.6% |
| Profit (loss) for the period to be appropriated9905 | €10,513 | €9,055 | €7,602 | €19,269 | €26,382 | €32,386 | €56,096 | €43,984 | ▼ 21.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €266,387 | €257,808 | €270,596 | €271,414 | €287,075 | €303,153 | €328,299 | €337,815 | ▲ 2.9% |
| Fixed assets21/28 | €167,242 | €154,515 | €161,029 | €146,849 | €137,475 | €127,790 | €123,161 | €117,381 | ▼ 4.7% |
| Tangible fixed assets22/27 | €167,242 | €154,315 | €160,829 | €146,649 | €137,275 | €127,590 | €122,961 | €117,181 | ▼ 4.7% |
| Land and buildings22 | - | - | - | €118,340 | €111,690 | €105,536 | €99,984 | €97,532 | ▼ 2.5% |
| Plant, machinery and equipment23 | - | - | - | €7,630 | €10,515 | €11,990 | €14,618 | €12,839 | ▼ 12.2% |
| Furniture and vehicles24 | - | - | - | €20,678 | €15,069 | €10,063 | €8,359 | €6,809 | ▼ 18.5% |
| Financial fixed assets28 | - | €200 | €200 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €99,146 | €103,292 | €109,567 | €124,565 | €149,601 | €175,364 | €205,138 | €220,435 | ▲ 7.5% |
| Stocks and contracts in progress3 | €982 | €1,134 | €929 | €1,093 | €1,998 | €1,020 | €1,157 | €1,635 | ▲ 41.3% |
| Stocks30/36 | - | - | - | €1,093 | €1,998 | €1,020 | €1,157 | €1,635 | ▲ 41.3% |
| Amounts receivable within one year40/41 | €42,572 | €48,253 | €31,503 | €36,950 | €52,939 | €71,645 | €49,858 | €60,192 | ▲ 20.7% |
| Trade receivables40 | - | - | - | €34,293 | €48,677 | €69,454 | €42,943 | €55,091 | ▲ 28.3% |
| Other amounts receivable41 | - | - | - | €2,658 | €4,262 | €2,191 | €6,915 | €5,101 | ▼ 26.2% |
| Cash at bank and in hand54/58 | €55,591 | €53,181 | €76,099 | €85,616 | €93,646 | €101,617 | €152,885 | €157,369 | ▲ 2.9% |
| Deferred charges and accrued income490/1 | - | - | - | €907 | €1,018 | €1,082 | €1,238 | €1,238 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €266,387 | €257,808 | €270,596 | €271,414 | €287,075 | €303,153 | €328,299 | €337,815 | ▲ 2.9% |
| Equity10/15 | €91,859 | €100,915 | €108,517 | €127,786 | €154,168 | €178,220 | €223,803 | €231,860 | ▲ 3.6% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €20,848 | €29,903 | €37,505 | €56,774 | €83,156 | €107,208 | €152,791 | €160,848 | ▲ 5.3% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | - | - | - | €54,774 | €81,156 | €107,208 | €152,791 | €160,848 | ▲ 5.3% |
| Profit (loss) carried forward14 | €51,012 | €51,012 | €51,012 | €51,012 | €51,012 | €51,012 | €51,012 | €51,012 | = |
| Amounts payable17/49 | €174,528 | €156,893 | €162,079 | €143,628 | €132,907 | €124,934 | €104,497 | €105,955 | ▲ 1.4% |
| Amounts payable after more than one year17 | €123,531 | €113,410 | €121,310 | €103,231 | €86,477 | €69,793 | €57,280 | €45,809 | ▼ 20.0% |
| Financial debts170/4 | - | - | - | €103,231 | €86,477 | €69,793 | €57,280 | €45,809 | ▼ 20.0% |
| Amounts payable within one year42/48 | €50,997 | €43,483 | €40,769 | €40,397 | €46,430 | €55,140 | €47,217 | €60,147 | ▲ 27.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,589 | €16,755 | €16,683 | €11,382 | €13,692 | ▲ 20.3% |
| Trade debts44 | €14,308 | €14,868 | €21,686 | €11,222 | €29,136 | €33,124 | €22,525 | €27,704 | ▲ 23.0% |
| Suppliers440/4 | - | - | - | €11,222 | €29,136 | €33,124 | €22,525 | €27,704 | ▲ 23.0% |
| Taxes, remuneration and social security45 | - | - | - | €11,087 | €539 | €5,333 | €12,784 | €18,751 | ▲ 46.7% |
| Taxes450/3 | - | - | - | €11,087 | €539 | €5,333 | €12,784 | €18,751 | ▲ 46.7% |
| Other amounts payable47/48 | - | - | - | €498 | - | - | €526 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,513 | €9,055 | €7,602 | €19,269 | €26,382 | €32,386 | €56,096 | €43,984 | ▼ 21.6% |
| + Depreciation and write-downs630 | €20,392 | €20,238 | €20,337 | €15,233 | €14,947 | €16,778 | €15,717 | €17,270 | ▲ 9.9% |
| Operating cash flow (approximation) | €30,905 | €29,293 | €27,940 | €34,503 | €41,329 | €49,165 | €71,813 | €61,254 | ▼ 14.7% |
| Investment in fixed assets (approximation) | - | -€7,511 | -€26,851 | -€1,053 | -€5,574 | -€7,093 | -€11,089 | -€11,490 | ▼ 3.6% |
| Change in cash | - | -€2,411 | €22,918 | €9,517 | €8,030 | €7,971 | €51,268 | €4,484 | ▼ 91.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00345866 |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00316810 |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00312574 |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00369156 |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20322514 |
| 31-12-2020 | micro format | 19-08-2021 | 2021-50700295 |
| 31-12-2019 | micro format | 29-09-2020 | 2020-56900134 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-55900284 |
| 31-12-2017 | micro format | 22-08-2018 | 2018-49800051 |
| 31-12-2016 | micro format | 04-08-2017 | 2017-41600050 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €108 awarded · €222 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €108 | €108 |
| 2023 | 1 | €0 | €114 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Other functions 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| CLAEYS Kenny |
|
Owners and capital
Capital and shareholders
- 14-12-2023 Converted to unavailable equity
- 14-12-2023 Converted to available equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
14-12
Gazette deed
Resignation: CLAEYS Kenny (enig en niet statutaire bestuurder)Appointment: CLAEYS Kenny (enige en niet statutaire bestuurder) · Permanent representative: Dieter Schelpe · Capital conversion15 facts ▸
- General meeting, 11-12-2023
- Other provision, “alle aandelen in één hand verenigd, artikel 2:8,§4 WVV” (deed in Dutch)
- Other provision, “vaststelling inwerkingtreding en toepassing WVV” (deed in Dutch)
- Director resignation, CLAEYS Kenny (enig en niet statutaire bestuurder)
- Director appointment, CLAEYS Kenny (enige en niet statutaire bestuurder)
- Other provision, “persoonlijk of via tussenpersoon een onderneming uitbaten, geen rechterlijk verbod opgelegd” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “beschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles (2 times)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Power of attorney
- Permanent representative, Dieter Schelpe
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36012C0083/00H000 | Flanders | 5,103 m² | 1 · 83 m² | 0.1 m |
| 36012C0032/00C000 | Flanders | 1,189 m² | 1 · 184 m² | 8.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het ontwerp,de uitwerking en de realisatie van projecten op het gebied van de metaalbouw,installatie en laswerken,pijpfitting,machine- en…” (deed in Dutch)
8 activities (deed in Dutch)
- Het ontwerp,de uitwerking en de realisatie van projecten op het gebied van de metaalbouw,installatie en laswerken,pijpfitting,machine- en werktuigbouw,industriële trappen,particuliere trappen en balustrades,afsluitingen,palen en poorten plaatsen en produceren,de handelsbemiddeling,groot- en kleinhandel in metaalwaren en toebehoren.
- De hangarbouw,koeltechniek,sanitair en chauffage zowel het ontwerpen,de montage en het onderhoud ervan. Alle draaiwerk voor de metaalverwerking.
- De onderhoud- en herstellingswerken van mechanische aard voor rekening van derden,de aanleg van buizenleidingen voor de chemie,voedingsnijverheid,persluchtaansluitingen.
- Het beheer,het verwerven,de instandhouding en valorisatie van een roerend en onroerend vermogen,de huurfinanciering van onroerende goederen aan derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen,alsmede zich borgstellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen.
- Het opnemen van bestuursmandaten,al dan niet bezoldigd,in andere ondernemingen of vennootschappen,al dan niet met een gelijkaardig voorwerp als deze vennootschap. Het nemen van participaties onder welke vorm ook in alle vennootschappen in België of in het buitenland,bestaande of op te richten,door middel van inbrengen,onderschrijvingen,overdrachten of ruilingen,al dan niet om er het bestuur van te controleren of om er gewoon een aandeel in te hebben,alsook de aankoop,verkoop en ruiling van alle effecten.
- De vennootschap kan optreden als vereffenaar.
- Deze activiteiten kan de vennootschap uitvoeren zowel voor eigen rekening als voor rekening van derden of als tussenpersoon,dit alles in de ruimste betekenis van het woord. De vennootschap kan alle financiële,commerciële,roerende en onroerende verrichtingen doen die rechtstreeks of onrechtstreeks deelnemen aan de werking van andere vennootschappen,die eenzelfde gelijkaardig of aanverwant voorwerp nastreven. De vennootschap mag leningen verstrekken aan derden of waarborgen stellen voor derden.
- De vennootschap mag obligatieleningen uitgeven op naam.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DECLINOX CONSTRUCTION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering, een of meer bestuurders” (deed in Dutch)“Onbezoldigd, bepaalde bestuurders” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft koper(s) pro rata verworven aantal, zelfde formaliteiten,geen beroep op rechter” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Alle aandelen op naam, niet door of krachtens wet verboden” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITEL IV - ALGEMENE VERGADERINGEN Artikel 19. bijeenkomst - BIJEENROEPING Ieder jaar wordt een gewone algemene vergadering van…” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Commissaris indien benoemd, algemene vergadering beslist over goedkeuring rekeningen kwijting vereffenaar(s)en commissaris en sluiting” (deed in Dutch)