GRONDWERKEN DECLERCQ
ActiveGRONDWERKEN DECLERCQ has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.60M and a net result of €311k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 43% of 7684 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
89
/ 100
Excellent▲ +11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▲+26
Solvency68▲+14
Growth58=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.28 in 2024), and 61.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
38.6%
Return on assets
7.5%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.6M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
17 d early
2023
124 d late
2022
133 d early
2021
143 d early
2020
39 d early
2019
44 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.60M▲ 24.2%
2024 · €1.28M
2018: €1.76M
2019: €1.84M
2020: €1.91M
2021: €1.75M
2022: €963k
2023: €1.16M
2024: €1.28M
2018 → 2025
Total assets
€4.13M▼ 2.3%
2024 · €4.23M
2018: €4.33M
2019: €4.68M
2020: €4.71M
2021: €4.53M
2022: €3.59M
2023: €4.60M
2024: €4.23M
2018 → 2025
Net result
€311k▲ 69.2%
2024 · €184k
2018: €75k
2019: €181k
2020: €297k
2021: €74k
2022: €323k
2023: €278k
2024: €184k
2018 → 2025
Working capital
€337k▼ 10.9%
2024 · €378k
2018: €349k
2019: €1.03M
2020: €972k
2021: €707k
2022: €80k
2023: €-220k
2024: €378k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.75M-€963k▼ 45.2%€1.16M▲ 20.4%€1.28M▲ 10.9%€1.60M▲ 24.2%
Operating result€122k-€399k▲ 228%€395k▼ 0.9%€407k▲ 2.9%€441k▲ 8.3%
Net result€74k-€323k▲ 336%€278k▼ 14.1%€184k▼ 33.7%€311k▲ 69.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.13M
Fixed assets
€2.83M▲ 12.4%
Current assets
€1.31M▼ 23.9%
Equity and liabilities €4.13M
Equity
€1.60M▲ 24.2%
Provisions
€31k▲ 95.8%
Debt
€2.51M▼ 14.5%
The debt ratio falls from 69.3% to 60.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.22M▲
2024 · €1.13M
Cash flow
€1.09M▲
2024 · €905k
Solvency
38.6%▲
2024 · 30.4%
Current ratio
1.35▲
2024 · 1.28
Quick ratio
1.23▲
2024 · 1.22
Debt / equity
1.57▼
2024 · 2.28
ROE
19.5%▲
2024 · 14.3%
ROA
7.5%▲
2024 · 4.3%
Interest coverage
16.26▲
2024 · 11.81
Debt
€2.51M▼
2024 · €2.93M
Debt ≤ 1 year
€968k▼
2024 · €1.34M
Debt > 1 year
€1.54M▼
2024 · €1.59M
Income taxes
€54k▼
2024 · €58k
Staff costs
€1.06M▲
2024 · €1.04M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.23M€4.13M▼
Fixed assets21/28€2.52M€2.83M▲
Intangible fixed assets21€7k€7k▲
Tangible fixed assets22/27€2.44M€2.75M▲
Plant, machinery and equipment23€861k€881k▲
Furniture and vehicles24€150k€170k▲
Leasing and similar rights25€1.22M€1.50M▲
Other tangible fixed assets26€213k€203k▼
Financial fixed assets28€65k€70k▲
Current assets29/58€1.72M€1.31M▼
Amounts receivable after more than one year29€477k€371k▼
Other amounts receivable291€477k€371k▼
Stocks and contracts in progress3€78k€111k▲
Stocks30/36€4k€34k▲
Contracts in progress37€74k€77k▲
Amounts receivable within one year40/41€747k€504k▼
Trade receivables40€658k€381k▼
Other amounts receivable41€89k€122k▲
Cash at bank and in hand54/58€367k€264k▼
Deferred charges and accrued income490/1€47k€55k▲
Equity and liabilities
Total equity and liabilities10/49€4.23M€4.13M▼
Equity10/15€1.28M€1.60M▲
Contributions10/11€31k€31k=
Reserves13€1.25M€1.56M▲
Tax-exempt reserves132€461k€584k▲
Distributable reserves133€792k€981k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€16k€31k▲
Deferred taxes168€16k€31k▲
Amounts payable17/49€2.93M€2.51M▼
Amounts payable after more than one year17€1.59M€1.54M▼
Financial debts170/4€1.59M€1.48M▼
Other amounts payable178/9-€59k
Amounts payable within one year42/48€1.34M€968k▼
Current portion of amounts payable after more than one year42€450k€421k▼
Financial debts43€30k€9k▼
Credit institutions430/8€30k€9k▼
Trade debts44€675k€476k▼
Suppliers440/4€675k€476k▼
Taxes, remuneration and social security45€67k€30k▼
Taxes450/3€27k€4k▼
Remuneration and social security454/9€40k€26k▼
Other amounts payable47/48€116k€32k▼
Accrued charges and deferred income492/3€6k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.04M€1.06M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€721k€778k▲
Other operating charges640/8€25k€40k▲
Gross operating margin9900€2.19M€2.32M▲
Operating profit (loss)9901€407k€441k▲
Financial income75/76B€17k€15k▼
Recurring financial income75€17k€15k▼
Financial charges65/66B€172k€75k▼
Recurring financial charges65€96k€75k▼
Non-recurring financial charges66B€76k€0▼
Profit (loss) for the period before taxes9903€252k€381k▲
Transfer from deferred taxes780€9k€6k▼
Transfer to deferred taxes680€18k€21k▲
Income taxes67/77€58k€54k▼
Profit (loss) for the period9904€184k€311k▲
Transfer from tax-exempt reserves789€26k€46k▲
Transfer to tax-exempt reserves689€160k€168k▲
Profit (loss) for the period to be appropriated9905€50k€189k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€189k▲
Profit (loss) brought forward from the previous period14P€823€0▼
Transfer from equity791/2€58k€0▼
Transfer to equity691/2€51k€189k▲
To other reserves6921€51k€189k▲
Profit to be distributed694/7€58k€0▼
Return on contributions (dividend)694€58k€0▼
Directors or managers695€0-
Social balance
Average headcount (FTE)908712.913.2▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 124 days late
2023
31-12
Financial
Equity above €1MEq €1.16M ▲20.4%
6 profitable years in a row build equity to €1.16M.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €323k ▲336%
Net result €323k, the highest in the series.
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €74k ▼75%
Net result drops to €74k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
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.
Directors · office · real estate
Directors
6 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, Tielt · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenovenstraat 96A8760 TieltGround area
1.8 ha
Building footprint
2,640 m²
Volume, LiDAR
21,670 m³
Parcel 37322D1312/00R000, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GRONDWERKEN DECLERCQ BVBA
since 19942.067.036.841
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322D1312/00R000 | Flanders | 1.8 ha | 1 · 2,640 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 · 4,459 EUR awarded · 4,459 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 681 EUR | 681 EUR |
| 2024 | 1 | 1,164 EUR | 1,164 EUR |
| 2023 | 1 | 1,619 EUR | 1,619 EUR |
| 2022 | 1 | 995 EUR | 995 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
18 categoriesGRONDWERKEN DECLERCQ BV22696
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 4,727 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-1993
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43120Site preparation
45112
45211
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
51532
52462
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.