PATRICK DECLERCK ELECTRONICS
ActivePATRICK DECLERCK ELECTRONICS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209k and a net result of €-30k. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 7912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency91▼-9
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 2.4 in 2024), and 43.1% of the assets are financed with debt.
Credit advice for your own amount and term
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
6 d early
2023
9 d early
2022
24 d late
2021
11 d early
2020
13 d late
2019
14 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
€209k▼ 31.1%
2024 · €304k
2018: €20k
2019: €58k
2020: €80k
2021: €144k
2022: €177k
2023: €215k
2024: €304k
2018 → 2025
Total assets
€368k▼ 11.6%
2024 · €416k
2018: €272k
2019: €377k
2020: €385k
2021: €391k
2022: €398k
2023: €304k
2024: €416k
2018 → 2025
Net result
€-30k
2024 · €89k
2018: €65k
2019: €37k
2020: €22k
2021: €64k
2022: €33k
2023: €37k
2024: €89k
2018 → 2025
Working capital
€114k▼ 27.6%
2024 · €157k
2018: €11k
2019: €-24k
2020: €82k
2021: €165k
2022: €187k
2023: €184k
2024: €157k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€144k-€177k▲ 23.0%€215k▲ 21.1%€304k▲ 41.5%€209k▼ 31.1%
Operating result€93k-€50k▼ 46.4%€58k▲ 15.4%€127k▲ 120%€-23k
Net result€64k-€33k▼ 48.5%€37k▲ 13.1%€89k▲ 138%€-30k
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 turns negative in 2025: a loss of €23k after €127k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €368k
Fixed assets
€95k▼ 34.9%
Current assets
€272k▲ 1.2%
Equity and liabilities €368k
Equity
€209k▼ 31.1%
Debt
€159k▲ 41.5%
The debt ratio rises from 27.0% to 43.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-2k▼
2024 · €147k
Cash flow
€-10k▼
2024 · €110k
Solvency
56.9%▼
2024 · 73.0%
Current ratio
1.72▼
2024 · 2.40
Quick ratio
1.09▼
2024 · 1.20
Debt / equity
0.76▲
2024 · 0.37
ROE
-14.4%▼
2024 · 29.3%
ROA
-8.2%▼
2024 · 21.4%
Interest coverage
-0.25▼
2024 · 55.09
Debt
€159k▲
2024 · €112k
Debt ≤ 1 year
€159k▲
2024 · €112k
Staff costs
€34k
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€416k€368k▼
Fixed assets21/28€147k€95k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€144k€94k▼
Plant, machinery and equipment23€72k€64k▼
Furniture and vehicles24€72k€29k▼
Current assets29/58€269k€272k▲
Stocks and contracts in progress3€134k€99k▼
Stocks30/36€134k€99k▼
Amounts receivable within one year40/41€92k€80k▼
Trade receivables40€92k€80k▼
Other amounts receivable41€199-
Cash at bank and in hand54/58€41k€63k▲
Deferred charges and accrued income490/1€2k€30k▲
Equity and liabilities
Total equity and liabilities10/49€416k€368k▼
Equity10/15€304k€209k▼
Contributions10/11€25k€25k=
Reserves13€225k€160k▼
Tax-exempt reserves132€816€816=
Distributable reserves133€224k€160k▼
Profit (loss) carried forward14€54k€24k▼
Amounts payable17/49€112k€159k▲
Amounts payable within one year42/48€112k€159k▲
Current portion of amounts payable after more than one year42€12k-
Financial debts43€75k€125k▲
Credit institutions430/8€75k€125k▲
Trade debts44€3k€12k▲
Suppliers440/4€3k€12k▲
Taxes, remuneration and social security45€21k€20k▼
Taxes450/3€21k€11k▼
Remuneration and social security454/9-€9k
Other amounts payable47/48€939€1k▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62-€34k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€149k€33k▼
Operating profit (loss)9901€127k€-23k▼
Financial income75/76B-€10
Recurring financial income75-€10
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€124k€-30k▼
Income taxes67/77€35k-
Profit (loss) for the period9904€89k€-30k▼
Profit (loss) for the period to be appropriated9905€89k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€143k€24k▼
Profit (loss) brought forward from the previous period14P€54k€54k=
Transfer from equity791/2-€64k
Transfer to equity691/2€89k-
To other reserves6921€89k-
Profit to be distributed694/7-€64k
Return on contributions (dividend)694-€64k
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (11 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
31-12
Financial
Weakest financial yearnet €-30k ▼134%
Net result drops to €-30k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €89k ▲138%
Operating result €127k, net result €89k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €215k ▲21.1%
6 profitable years in a row build equity to €215k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
31-12
Financial
Equity above €150kEq €177k ▲23%
5 profitable years in a row build equity to €177k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €144k ▲80.8%
4 profitable years in a row build equity to €144k.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
Lander DECLERCK
CurrentDirector · since 05-01-2024
Patrick DECLERCK
CurrentDirector · since 05-01-2024
05-01-2024
Lander DECLERCK: Resigned as Director
05-01-2024
Lander DECLERCK: Appointed as Director
05-01-2024
Patrick DECLERCK: Resigned as Director
05-01-2024
Patrick DECLERCK: Appointed as Director
Location & real-estate footprint
Registered office, Gistel · 1 establishment unit since 2004
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.
Oostendse Baan 478470 GistelGround area
2,468 m²
Building footprint
688 m²
Volume, LiDAR
5,438 m³
Parcel 35005D0771/00T002, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Patrick Declerck Electronics
since 20042.138.794.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005D0771/00T002 | Flanders | 2,468 m² | 1 · 688 m² | 9.5 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.
Similar companies · same sector, comparable size
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BE 0822.160.023
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PLD ELECTRONICS
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CLIMAVENT
BE 0898.010.162
Brugge · Eq €207k
Corporate Distribution and Industrial Engineers
BE 0416.508.397
Wavre · Eq €212k
Velleman Group
BE 0768.858.127
Gavere · Eq €213k
Of 1,238 companies in sector 46643 we hold annual accounts for 945. 685 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-06-2004
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
46720Wholesale of motor vehicle parts and accessories
47540Retail sale of electrical household appliances
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 21 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.