Ets Declercq
ActiveSummary
The computed 12-month bankruptcy probability of Ets Declercq is 3.7% (moderate). The annual accounts of Ets Declercq for fiscal year 2024 show a net loss of 77% of total assets and of 92% of the equity at the start of that year. The 2024 annual accounts show equity of €4k and a net result of €-50k. Equity is shrinking by ~32.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 12% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
19
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-4
Solvency32▼-27
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.07 against 1.51 in 2023; short-term debt: 93.2% and cash: 1.2% of total assets), and 93.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
6.8%
Return on assets
-77.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year €-50k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
68 d late
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€4k▼ 92.0%
2023 · €54k
2021: €48k
2022: €73k
2023: €54k
2021 → 2024
Total assets
€64k▼ 59.4%
2023 · €159k
2021: €192k
2022: €113k
2023: €159k
2021 → 2024
Net result
€-50k▼ 161%
2023 · €-19k
2021: €43k
2022: €25k
2023: €-19k
2021 → 2024
Working capital
€4k▼ 91.8%
2023 · €53k
2021: €136k
2022: €71k
2023: €53k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€48k-€73k▲ 53.2%€54k▼ 26.1%€4k▼ 92.0%
Operating result€58k-€33k▼ 43.5%€-13k€-46k▼ 256%
Net result€43k-€25k▼ 40.6%€-19k€-50k▼ 161%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €46k in 2024 against €13k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64k
Fixed assets
€7 ▼ 99.2%
Current assets
€64k ▼ 59.2%
Equity and liabilities €64k
Equity
€4k ▼ 92.0%
Debt
€60k ▼ 42.5%
Debt's share of the balance-sheet total rises from 65.8% to 93.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-45k▼
2023 · €-11k
Cash flow
€-49k▼
2023 · €-17k
Current ratio
1.07▼
2023 · 1.51
Debt to equity
13.76▲
2023 · 1.92
ROA
-77.4%▼
2023 · -12.0%
Interest coverage
-8.66▼
2023 · -2.92
Debt ≤ 1 year
€60k▼
2023 · €104k
A ratio outside any meaningful range has been withheld (balance sheet total €64k, equity €4k).
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 · 2024 against 2023 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€159k€64k▼
Fixed assets21/28€830€7▼
Tangible fixed assets22/27€830€7▼
Furniture and vehicles24€830€7▼
Current assets29/58€158k€64k▼
Amounts receivable within one year40/41€90k€51k▼
Trade receivables40€65k€32k▼
Other amounts receivable41€25k€19k▼
Cash at bank and in hand54/58€26k€748▼
Deferred charges and accrued income490/1€42k€13k▼
Equity and liabilities
Total equity and liabilities10/49€159k€64k▼
Equity10/15€54k€4k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€49k€-632▼
Amounts payable17/49€104k€60k▼
Amounts payable within one year42/48€104k€60k▼
Trade debts44€94k€42k▼
Suppliers440/4€94k€42k▼
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€10k€12k▲
Other amounts payable47/48€229€7k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€823▼
Other operating charges640/8€8k€9k▲
Gross operating margin9900€-3k€-36k▼
Operating profit (loss)9901€-13k€-46k▼
Financial income75/76B€551€835▲
Recurring financial income75€551€835▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-16k€-50k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€-19k€-50k▼
Profit (loss) for the period to be appropriated9905€-19k€-50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€-632▼
Profit (loss) brought forward from the previous period14P€68k€49k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Halle · 1 establishment unit since 2020
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.
Debusscherstraat (Jozef) 681500 Halle1 establishment unit
Debusscherstraat (Jozef) 68, 1500 Halle
since 20202.327.522.126
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 999 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
28250Manufacture of machinery and equipment not elsewhere classified
33110Repair and maintenance of fabricated metal products
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filings
Scores and ratios are computed by Checked and are not a credit decision.