IMMO R. DECLERCQ
ActiveSummary
IMMO R. DECLERCQ has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €65,157. Equity is growing by ~3.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.62 in 2024; short-term debt: 7.2% and cash: 0.3% of total assets), and 15.8% 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
84.2%
Return on assets
3%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
on the day
2023
29 d early
2022
50 d early
2021
37 d early
2020
15 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 26 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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.8m▲ 2.0%
2024 · €1.8m
Total assets
€2.2m▼ 7.0%
2024 · €2.3m
Net result
€65,157▲ 14.3%
2024 · €57,022
Working capital
-€96,676▼ 12.8%
2024 · -€85,705
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€71,288▼ 50.7%€47,126▼ 33.9%€202,636▲ 330%€81,930▼ 59.6%€88,298▲ 7.8%
Net result€34,281▼ 60.4%€25,217▼ 26.4%€142,255▲ 464%€57,022▼ 59.9%€65,157▲ 14.3%
Equity€1.6m▲ 2.2%€1.6m▲ 1.6%€1.8m▲ 8.8%€1.8m▲ 1.6%€1.8m▲ 2.0%
Total assets€2.7m▼ 5.5%€2.6m▼ 2.3%€2.4m▼ 7.1%€2.3m▼ 4.0%€2.2m▼ 7.0%
Debt€1.1m▼ 14.9%€995,694▼ 7.9%€637,490▼ 36.0%€511,409▼ 19.8%€311,633▼ 39.1%
Working capital-€388,681▲ 66.8%-€382,625▲ 1.6%-€78,420▲ 79.5%-€85,705▼ 9.3%-€96,676▼ 12.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€2.1m ▼ 3.7%
Current assets
€58,259 ▼ 58.2%
Equity and liabilities €2.2m
Equity
€1.8m ▲ 2.0%
Provisions
€30,606 =
Debt
€311,633 ▼ 39.1%
Debt's share of the balance-sheet total falls from 22.0% to 14.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€185,948▲
2024 · €178,419
Cash flow
€162,807▲
2024 · €153,511
Current ratio
0.38▼
2024 · 0.62
Debt to equity
0.17▼
2024 · 0.29
ROE
3.6%▲
2024 · 3.2%
ROA
3.0%▲
2024 · 2.5%
Interest coverage
65.41▲
2024 · 22.54
Debt ≤ 1 year
€154,936▼
2024 · €225,194
Debt > 1 year
€156,697▼
2024 · €282,054
Income taxes
€21,196▲
2024 · €19,007
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 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 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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%.
| 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 14,732 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 | - | - | €122,424 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €109,972 | €109,657 | €96,490 | €96,490 | €97,650 | ▲ 1.2% |
| Other operating charges640/8 | €28,954 | €29,610 | €32,374 | €29,242 | €32,213 | ▲ 10.2% |
| Gross operating margin9900 | €210,214 | €186,393 | €331,500 | €207,661 | €218,161 | ▲ 5.1% |
| Operating profit (loss)9901 | €71,288 | €47,126 | €202,636 | €81,930 | €88,298 | ▲ 7.8% |
| Financial income75/76B | €0 | - | €2,633 | €2,015 | €898 | ▼ 55.4% |
| Recurring financial income75 | €0 | - | €2,633 | €2,015 | €898 | ▼ 55.4% |
| Financial charges65/66B | €25,199 | €13,733 | €15,595 | €7,916 | €2,843 | ▼ 64.1% |
| Recurring financial charges65 | €25,199 | €13,733 | €15,595 | €7,916 | €2,843 | ▼ 64.1% |
| Profit (loss) for the period before taxes9903 | €46,089 | €33,393 | €189,674 | €76,029 | €86,353 | ▲ 13.6% |
| Transfer to deferred taxes680 | - | - | €30,606 | - | - | - |
| Income taxes67/77 | €11,808 | €8,176 | €16,812 | €19,007 | €21,196 | ▲ 11.5% |
| Profit (loss) for the period9904 | €34,281 | €25,217 | €142,255 | €57,022 | €65,157 | ▲ 14.3% |
| Transfer to tax-exempt reserves689 | - | - | €91,818 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €34,281 | €25,217 | €50,437 | €57,022 | €65,157 | ▲ 14.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €2.6m | €2.4m | €2.3m | €2.2m | ▼ 7.0% |
| Fixed assets21/28 | €2.6m | €2.5m | €2.3m | €2.2m | €2.1m | ▼ 3.7% |
| Tangible fixed assets22/27 | €2.6m | €2.5m | €2.3m | €2.2m | €2.1m | ▼ 3.7% |
| Land and buildings22 | €2.6m | €2.5m | €2.3m | €2.2m | €2.1m | ▼ 3.7% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €22,463 | €71,907 | €140,629 | €139,488 | €58,259 | ▼ 58.2% |
| Amounts receivable within one year40/41 | €2,319 | €4,008 | €5,561 | €5,496 | €4,377 | ▼ 20.4% |
| Trade receivables40 | €2,319 | €4,008 | €4,353 | €2,675 | €2,731 | ▲ 2.1% |
| Other amounts receivable41 | €0 | - | €1,207 | €2,822 | €1,646 | ▼ 41.7% |
| Current investments50/53 | - | - | - | €100,000 | €45,000 | ▼ 55.0% |
| Cash at bank and in hand54/58 | €17,886 | €65,487 | €132,391 | €31,228 | €6,215 | ▼ 80.1% |
| Deferred charges and accrued income490/1 | €2,258 | €2,412 | €2,678 | €2,764 | €2,667 | ▼ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €2.6m | €2.4m | €2.3m | €2.2m | ▼ 7.0% |
| Equity10/15 | €1.6m | €1.6m | €1.8m | €1.8m | €1.8m | ▲ 2.0% |
| Contributions10/11 | €671,292 | €671,292 | €671,292 | €671,292 | €671,292 | = |
| Capital10 | €671,292 | €671,292 | €671,292 | €671,292 | €671,292 | = |
| Issued capital100 | €671,292 | €671,292 | €671,292 | €671,292 | €671,292 | = |
| Reserves13 | €164,648 | €164,648 | €256,466 | €256,466 | €293,052 | ▲ 14.3% |
| Non-distributable reserves130/1 | €67,129 | €67,129 | €67,129 | €67,129 | €67,129 | = |
| Legal reserve130 | €67,129 | €67,129 | €67,129 | €67,129 | €67,129 | = |
| Tax-exempt reserves132 | - | - | €91,818 | €91,818 | €91,818 | = |
| Distributable reserves133 | €97,519 | €97,519 | €97,519 | €97,519 | €134,104 | ▲ 37.5% |
| Profit (loss) carried forward14 | €753,153 | €778,370 | €828,808 | €857,258 | €857,258 | = |
| Provisions and deferred taxes16 | - | - | €30,606 | €30,606 | €30,606 | = |
| Deferred taxes168 | - | - | €30,606 | €30,606 | €30,606 | = |
| Amounts payable17/49 | €1.1m | €995,694 | €637,490 | €511,409 | €311,633 | ▼ 39.1% |
| Amounts payable after more than one year17 | €658,125 | €532,768 | €407,411 | €282,054 | €156,697 | ▼ 44.4% |
| Financial debts170/4 | €658,125 | €532,768 | €407,411 | €282,054 | €156,697 | ▼ 44.4% |
| Amounts payable within one year42/48 | €411,145 | €454,532 | €219,049 | €225,194 | €154,936 | ▼ 31.2% |
| Current portion of amounts payable after more than one year42 | €0 | €125,357 | €125,357 | €125,357 | €125,357 | = |
| Financial debts43 | €125,357 | - | - | - | - | - |
| Credit institutions430/8 | €125,357 | - | - | - | - | - |
| Trade debts44 | €14,097 | €10,085 | €1,086 | €126 | - | - |
| Suppliers440/4 | €14,097 | €10,085 | €1,086 | €126 | - | - |
| Taxes, remuneration and social security45 | €2,824 | €985 | €176 | €1,007 | €1,007 | = |
| Taxes450/3 | €2,824 | €985 | €176 | €1,007 | €1,007 | = |
| Other amounts payable47/48 | €268,867 | €318,106 | €92,430 | €98,703 | €28,571 | ▼ 71.1% |
| Accrued charges and deferred income492/3 | €11,855 | €8,394 | €11,030 | €4,162 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,281 | €25,217 | €142,255 | €57,022 | €65,157 | ▲ 14.3% |
| + Depreciation and write-downs630 | €109,972 | €109,657 | €96,490 | €96,490 | €97,650 | ▲ 1.2% |
| Operating cash flow (approximation) | €144,253 | €134,874 | €238,745 | €153,511 | €162,807 | ▲ 6.1% |
| Investment in fixed assets (approximation) | - | €0 | €157,576 | €0 | -€15,688 | - |
| Change in cash | - | €47,600 | €66,904 | -€101,162 | -€25,013 | ▲ 75.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
16-06
State Gazette act
Reappointment: Ilse Declercq (non-statutory director)2 facts ▸
State Gazette act
Reappointment: Ilse Declercq (non-statutory director)
2 facts ▸
- General meeting, 18-05-2026
- Director reappointment, Ilse Declercq (non-statutory director)
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €142,255 ▲464%
Operating result €202,636, net result €142,255, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €25,217 ▼26.4%
Net result drops to €25,217, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2025
Ilse Declercq
CurrentNon-statutory director · since 19-05-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 1987
Ground area
8,223 m²
Building footprint
947 m²
Volume, LiDAR
5,766 m³
Parcel 36492A1511/00F000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
N.V. IMMO R. DECLERCQ
since 19872.032.223.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A1511/00F000 | Flanders | 8,223 m² | 1 · 947 m² | 7.6 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.
Mandate history
1 person since 2025, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Ilse Declercq |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Company details
Identification
Legal formPublic limited company
Founded15-04-1987
Fiscal year end31-12
E-invoicing
Left the Peppol register
Left the register on 27 September 2026.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.