Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
M. DE CLERCQ from Watermaal-Bosvoorde, company number BE0467238409, closed financial year 2025 with a result of € 43,269 after tax. For that financial year M. DE CLERCQ recorded a gross margin of € 782,233 and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 26,619 to € 43,269. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 2.6 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,269
▲ 63% vs 2024
Profit after tax over the fiscal year.
€ 43,740
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 60,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 110,056
▼ 7% vs 2024
€ 55,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 28,888
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.5 million
▲ 10% vs 2024
€ 649,948 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 9,441
▼ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 40,911
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,178,641 | € 1,256,221 | € 667,964 | € 782,233 | ▲ 17% |
| Profit after taxes | € 489,362 | € 350,294 | € 26,619 | € 43,269 | ▲ 63% |
| Equity | € 2,630,907 | € 2,591,201 | € 2,617,820 | € 2,601,089 | ▼ 1% |
| Total debts | € 9,505,845 | € 8,788,785 | € 7,733,571 | € 7,873,633 | ▲ 2% |
| Cash | € 82,766 | € 40,547 | € 113,621 | € 43,740 | ▼ 62% |
| Land & buildings | € 8,735,767 | € 7,353,975 | € 6,375,820 | € 8,283,728 | ▲ 30% |
| Retained profit | € 2,555,907 | € 2,516,201 | € 2,542,820 | € 2,526,089 | ▼ 1% |
| Dividend | € 420,000 | € 390,000 | € 0 | € 60,000 | |
| Bank debt | € 8,833,344 | € 8,004,080 | € 6,765,383 | € 7,468,170 | ▲ 10% |
| Balance sheet total | € 12,414,281 | € 11,650,893 | € 10,615,677 | € 10,732,386 | ▲ 1% |
| Employees (FTE) | 2 | 2 | 2 | 2 |
Key figures of M. DE CLERCQ, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to M. DE CLERCQ?
What happened at M. DE CLERCQ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 43,269 (▲ 63% vs 2024). filed late Source: NBB ↗
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 489,362 profit in 2022 to € 43,269 profit in 2025.
Paid € 44,062 in corporate taxes since 2022.
Best year ever: 2022, with € 489,362 profit.
On average € 391,100 of value added per employee in 2025.
A new publication or filing at M. DE CLERCQ? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of VINCA, COGEBRU, BARON INVESTMENTS, VISHA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M. DE CLERCQBehind M. DE CLERCQ is BARON INVESTMENTS SA. The shares are held by VINCA (40.7%), COGEBRU (30.5%), BARON INVESTMENTS (30.5%) and VISHA (28.8%). It owns 100% of RETAIL INVESTMENTS itself.
Directors
According to the 2025 annual accounts
Director · represented by Ramy Baron
Also active at: VISHA, COGEBRU, STEPHANIE INVEST, MEGA CONCEPT, BARON'S INVESTMENT COMPANY, VINCA, ONE RETAIL, CONCEPT 9 +1 more
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 177 box 9
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
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€ 164,650 gross margin · 2025
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0467.238.409
- VAT number
- BE 0467.238.409
- Registered office
- Terhulpsesteenweg 177 bus 9, 1170 Watermaal-Bosvoorde
- Names & denominations
- M. DE CLERCQ
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 November 1999
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur van woningen, exclusief sociale woningen