GROUP DECLERCQ
ActiveSummary
GROUP DECLERCQ has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €329k and a net result of €-65k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 31% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-27
Solvency34▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.95 in 2024; short-term debt: 12.5% and cash: 0.1% of total assets), and 91.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
13 d early
2023
120 d early
2022
20 d early
2021
25 d early
2020
48 d late
2019
8 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€329k▼ 16.4%
2024 · €393k
2018: €470khighest in 8 years
2019: €362k▼ -22.9% vs 2018
2020: €306k▼ -15.5% vs 2019
2021: €310k▲ +1.2% vs 2020
2022: €293k▼ -5.5% vs 2021lowest in 8 years
2023: €330k▲ +12.8% vs 2022
2024: €393k▲ +19.0% vs 2023
2025: €329k▼ -16.4% vs 2024
2018 → 2025
Total assets
€3.79M▼ 1.7%
2024 · €3.86M
2018: €5.46Mhighest in 8 years
2019: €5.10M▼ -6.6% vs 2018
2020: €4.86M▼ -4.8% vs 2019
2021: €4.11M▼ -15.5% vs 2020
2022: €3.91M▼ -4.8% vs 2021
2023: €3.88M▼ -0.8% vs 2022
2024: €3.86M▼ -0.5% vs 2023
2025: €3.79M▼ -1.7% vs 2024lowest in 8 years
2018 → 2025
Net result
€-65k
2024 · €63k
2018: €-216klowest in 8 years
2019: €-108k▲ +50.1% vs 2018
2020: €-56k▲ +47.8% vs 2019
2021: €4k▲ +107% vs 2020
2022: €-17k▼ -558% vs 2021
2023: €38k▲ +321% vs 2022
2024: €63k▲ +67.2% vs 2023highest in 8 years
2025: €-65k▼ -203% vs 2024
2018 → 2025
Working capital
€200k▼ 51.6%
2024 · €413k
2018: €2.15M
2019: €1.30M▼ -39.5% vs 2018
2020: €1.21M▼ -7.2% vs 2019
2021: €808k▼ -33.2% vs 2020
2022: €2.15M▲ +167% vs 2021highest in 8 years
2023: €758k▼ -64.8% vs 2022
2024: €413k▼ -45.5% vs 2023
2025: €200k▼ -51.6% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€310k-€293k▼ 5.5%€330k▲ 12.8%€393k▲ 19.0%€329k▼ 16.4%
2021: €310k
2022: €293k▼ -5.5% vs 2021lowest in 5 years
2023: €330k▲ +12.8% vs 2022
2024: €393k▲ +19.0% vs 2023highest in 5 years
2025: €329k▼ -16.4% vs 2024
Operating result€21k-€13k▼ 36.7%€84k▲ 543%€103k▲ 23.0%€-19k
2021: €21k
2022: €13k▼ -36.7% vs 2021
2023: €84k▲ +543% vs 2022
2024: €103k▲ +23.0% vs 2023highest in 5 years
2025: €-19k▼ -119% vs 2024lowest in 5 years
Net result€4k-€-17k€38k€63k▲ 67.2%€-65k
2021: €4k
2022: €-17k▼ -558% vs 2021
2023: €38k▲ +321% vs 2022
2024: €63k▲ +67.2% vs 2023highest in 5 years
2025: €-65k▼ -203% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €19k after €103k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.79M
Fixed assets
€3.12M ▲ 3.6%
Current assets
€674k ▼ 20.4%
Equity and liabilities €3.79M
Equity
€329k ▼ 16.4%
Debt
€3.47M =
Debt's share of the balance-sheet total rises from 89.8% to 91.3%. Equity is lower.
Key figures and ratios
EBITDA
€49k▼
2024 · €153k
Cash flow
€4k▼
2024 · €113k
Current ratio
1.42▼
2024 · 1.95
Quick ratio
0.11▼
2024 · 0.15
Debt to equity
10.55▲
2024 · 8.81
ROE
-19.7%▼
2024 · 16.0%
ROA
-1.7%▼
2024 · 1.6%
Interest coverage
1.08▼
2024 · 3.82
Debt ≤ 1 year
€474k▲
2024 · €433k
Debt > 1 year
€2.98M▼
2024 · €3.02M
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.86M€3.79M▼
Fixed assets21/28€3.01M€3.12M▲
Tangible fixed assets22/27€3.01M€3.12M▲
Land and buildings22€3.01M€3.12M▲
Current assets29/58€847k€674k▼
Stocks and contracts in progress3€783k€622k▼
Stocks30/36€783k€622k▼
Amounts receivable within one year40/41€5k€17k▲
Trade receivables40€935€13k▲
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€14k€3k▼
Deferred charges and accrued income490/1€45k€32k▼
Equity and liabilities
Total equity and liabilities10/49€3.86M€3.79M▼
Equity10/15€393k€329k▼
Contributions10/11€750k€750k=
Profit (loss) carried forward14€-357k€-421k▼
Amounts payable17/49€3.47M€3.47M=
Amounts payable after more than one year17€3.02M€2.98M▼
Financial debts170/4€518k€459k▼
Other amounts payable178/9€2.51M€2.53M▲
Amounts payable within one year42/48€433k€474k▲
Current portion of amounts payable after more than one year42€58k€59k▲
Trade debts44€370k€381k▲
Suppliers440/4€370k€381k▲
Advances received on contracts in progress46€5k€15k▲
Taxes, remuneration and social security45€0€18k▲
Taxes450/3€0€18k▲
Accrued charges and deferred income492/3€7k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€68k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€155k€50k▼
Operating profit (loss)9901€103k€-19k▼
Financial charges65/66B€40k€45k▲
Recurring financial charges65€40k€45k▲
Profit (loss) for the period before taxes9903€63k€-65k▼
Profit (loss) for the period9904€63k€-65k▼
Profit (loss) for the period to be appropriated9905€63k€-65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-357k€-421k▼
Profit (loss) brought forward from the previous period14P€-420k€-357k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €9k | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €23k | €51k | €50k | €68k | ▲ 36.1% |
| Other operating charges640/8 | €6k | €3k | €2k | €2k | €1k | ▼ 36.6% |
| Gross operating margin9900 | €52k | €39k | €136k | €155k | €50k | ▼ 67.5% |
| Operating profit (loss)9901 | €21k | €13k | €84k | €103k | €-19k | ▼ 119% |
| Financial income75/76B | €21k | €18k | €0 | - | - | - |
| Recurring financial income75 | €21k | €18k | €0 | - | - | - |
| Financial charges65/66B | €37k | €48k | €46k | €40k | €45k | ▲ 13.3% |
| Recurring financial charges65 | €37k | €48k | €46k | €40k | €45k | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | €4k | €-17k | €38k | €63k | €-65k | ▼ 203% |
| Profit (loss) for the period9904 | €4k | €-17k | €38k | €63k | €-65k | ▼ 203% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-17k | €38k | €63k | €-65k | ▼ 203% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.11M | €3.91M | €3.88M | €3.86M | €3.79M | ▼ 1.7% |
| Fixed assets21/28 | €1.12M | €1.25M | €2.61M | €3.01M | €3.12M | ▲ 3.6% |
| Tangible fixed assets22/27 | €1.11M | €1.25M | €2.61M | €3.01M | €3.12M | ▲ 3.6% |
| Land and buildings22 | €1.11M | €1.25M | €2.61M | €3.01M | €3.12M | ▲ 3.6% |
| Financial fixed assets28 | €2k | €0 | - | - | - | - |
| Current assets29/58 | €2.99M | €2.66M | €1.27M | €847k | €674k | ▼ 20.4% |
| Stocks and contracts in progress3 | €2.93M | €2.61M | €1.20M | €783k | €622k | ▼ 20.5% |
| Stocks30/36 | €2.93M | €2.61M | €1.20M | €783k | €622k | ▼ 20.5% |
| Amounts receivable within one year40/41 | €8k | €21k | €47k | €5k | €17k | ▲ 217% |
| Trade receivables40 | €4k | €21k | €47k | €935 | €13k | ▲ 1,326% |
| Other amounts receivable41 | €4k | €0 | - | €4k | €3k | ▼ 25.3% |
| Cash at bank and in hand54/58 | €48k | €18k | €9k | €14k | €3k | ▼ 80.6% |
| Deferred charges and accrued income490/1 | €99 | €8k | €21k | €45k | €32k | ▼ 28.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.11M | €3.91M | €3.88M | €3.86M | €3.79M | ▼ 1.7% |
| Equity10/15 | €310k | €293k | €330k | €393k | €329k | ▼ 16.4% |
| Contributions10/11 | €750k | €750k | €750k | €750k | €750k | = |
| Outside capital11 | €750k | - | - | - | - | - |
| Other1109/19 | €750k | - | - | - | - | - |
| Profit (loss) carried forward14 | €-440k | €-457k | €-420k | €-357k | €-421k | ▼ 18.1% |
| Amounts payable17/49 | €3.80M | €3.62M | €3.55M | €3.47M | €3.47M | = |
| Amounts payable after more than one year17 | €1.61M | €3.11M | €3.03M | €3.02M | €2.98M | ▼ 1.3% |
| Financial debts170/4 | €1.01M | €790k | €576k | €518k | €459k | ▼ 11.4% |
| Other amounts payable178/9 | €600k | €2.32M | €2.45M | €2.51M | €2.53M | ▲ 0.8% |
| Amounts payable within one year42/48 | €2.18M | €504k | €514k | €433k | €474k | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | €79k | €69k | €56k | €58k | €59k | ▲ 2.5% |
| Trade debts44 | €799k | €419k | €431k | €370k | €381k | ▲ 2.9% |
| Suppliers440/4 | €799k | €419k | €431k | €370k | €381k | ▲ 2.9% |
| Advances received on contracts in progress46 | - | - | €6k | €5k | €15k | ▲ 179% |
| Taxes, remuneration and social security45 | - | €16k | €21k | €0 | €18k | - |
| Taxes450/3 | - | €16k | €21k | €0 | €18k | - |
| Other amounts payable47/48 | €1.30M | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | €150 | €6k | €8k | €7k | €7k | ▲ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-17k | €38k | €63k | €-65k | ▼ 203% |
| + Depreciation and write-downs630 | €25k | €23k | €51k | €50k | €68k | ▲ 36.1% |
| Operating cash flow (approximation) | €29k | €6k | €88k | €113k | €4k | ▼ 96.7% |
| Investment in fixed assets (approximation) | - | €-158k | €-1.41M | €-456k | €-177k | ▲ 61.2% |
| Change in cash | - | €-30k | €-9k | €5k | €-11k | ▼ 345% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €63k ▲67.2%
Operating result €103k, net result €63k, both a record.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 5.28
Current ratio from 1.37 to 5.28; short-term debt falls from €2.18M to €504k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tielt · 1 establishment unit since 2014
Ground area
1.4 ha
Building footprint
239 m²
Volume, LiDAR
1,455 m³
Parcel 37322C1351/00K000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
GROUP DECLERCQ
since 20142.225.908.191
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322C1351/00K000 | Flanders | 1.4 ha | 1 · 239 m² | 11.2 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.
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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 587 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
Founded02-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
Contact
Phone
0475/70.54.98
Scores and ratios are computed by Checked and are not a credit decision.