Equity
-€578,539
Debts exceed assets in financial year 2025.
DL Spirits
Lifetime
10 annual accounts with figures on one time axispeak €110,236 (2016)
-€17,544▼ €18,733
lowest -€207,401 (2021)
-€57,857▼ €16,711
peak -€4,905 (2016)
-€578,539▼ €57,857
€1.0m▲ 7.1%
peak 1.6 FTE (2016)
-not published
Board4 names since 2015
-
Owners2 names in the annual accounts
52%EQUILIBRIUM and 1 other
Documentsfilings and deeds
07-07-202624 days before the deadline
2025abbreviated format
Turnover from €217,939 to €144,868Gross margin from €1,189 to -€17,544Loss of €57,857Appointment: Moore Audit BV (statutory auditor) 28-01
Key points
from the 2025 annual accountsLosses
-€584,739 in ten years
Every financial year from 2016 to 2025 closed with a loss. 2021 was the heaviest.
Turnover
€144,868 ▼ 33.5%
Turnover fell in 2025 from €217,939 to €144,868.
Debts
€1.0m 230% of the balance sheet
Suppliers 3%Taxes and wages 2%Other 95%
Of this, €1.0m falls due within a year.
Payment terms
69 days to suppliers
DL Spirits pays its suppliers 25 days later than in 2024. Customers pay 8 days later.
Position in the sector
-130.4%
Lower solvency than 95% of companies in wholesale trade. Sector median 42.9% · 9,902 companies.
Checked score
53
Fair
Financially stronger than 11% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 0.9%▼ -0.1 percentage points vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025lowest value
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 2.0%▲ +1.0 percentage point vs 07-2025
09-2025: 2.0%● unchanged vs 08-2025
10-2025: 2.0%● unchanged vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 2.1%▲ +0.1 percentage points vs 02-2026
04-2026: 2.2%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 2.1%▼ -0.1 percentage points vs 04-2026
06-2026: 2.0%▼ -0.1 percentage points vs 05-2026
07-2026: 2.0%● unchanged vs 06-2026
08-2026: 1.6%▼ -0.4 percentage points vs 07-2026
09-2026: 1.6%● unchanged vs 08-2026
10-2026: 1.6%● unchanged vs 09-2026
11-2026: 1.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €57,857, the second in a row (financial year 2025)
Negative equity -€578,539
Liquidity: current ratio 0.43, cash €2,626
lowers risk
Size: turnover €144,868, total assets €443,698
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 6% of them on solvency, 3% on liquidity, 14% on profitability and 19% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as DL Spirits has now. Each dot stands for 18 companies, two years later.
85.5%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DL Spirits itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for DL Spirits. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.43 (0.46 in 2024), below 1. Short-term debt is 229.9% and cash 0.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€578,539
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
23 days early
2023
33 days early
2022
31 days early
2021
25 days late
2020
23 days late
2019
80 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- Dominique London 100%equity €16.2m (2025) · 2025 annual accounts of Dominique London
- EQUILIBRIUM 52%equity €13.5m (2025) · 31-03-2025 annual accounts of EQUILIBRIUM
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0633569059
Appointment: Moore Audit BV (statutory auditor)
General meeting of 18-12-2024 · Gazette deed
Company renamed from BEHIKE to DL Spirits
General meeting of 23-12-2022 · Gazette deed
Resignations & appointments
enige aandeelhouder holds all the shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DL Spirits Waregem | €0.1m | -12.5% | -130.4% | - |
| Bottle & Barrel Aartselaar | - | - | -17.4% | 2.2 |
| GauGin België Ghent | - | - | 61.4% | 1 |
| UW ZWEMBAD Bruges | - | - | 10.4% | - |
| AFP Tournai | - | - | 95.4% | - |
| MIXING TALES Niel | - | - | 7.6% | - |
| United Drinx Wevelgem | €1.9m | 0.0% | 6.7% | - |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as DL Spirits: wholesale of beverages, general range (NACE 46349). They are comparable in size and age: total assets between €249,000 and €938,000, founded between 2013 and 2016.
Official details
Source: KBO- Status
- Active since 06-07-2015Normal situation
- Registered office
- 23 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Wholesale of beverages, general rangeNACE 46349and 4 others
- Establishment unit
- 2.244.114.4978790 Waregem, since 06-07-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Annual accounts 2025
- €443,698▲ 2.3%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on DL Spirits
DL Spirits files the abbreviated format. That format states no turnover. The gross margin fell from €110,236 in 2016 to -€17,544 in 2025.
Dominique London holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DL Spirits
- What is the company number of DL Spirits?
- The company number of DL Spirits is 0633.569.059. The VAT number is the same number with BE in front: BE 0633.569.059.
- Where is DL Spirits based?
- The registered office is at Henri Lebbestraat 188, 8790 Waregem.Company details
- What does DL Spirits do?
- According to the KBO register, the main activity is wholesale of beverages, general range (NACE 46349).
- What is the legal form of DL Spirits?
- DL Spirits is a private limited company (BV).
- When was DL Spirits founded?
- DL Spirits was founded on 06-07-2015.
- Is DL Spirits still active?
- Yes, DL Spirits is an active enterprise in the KBO register.
- How many employees does DL Spirits have?
- DL Spirits had an average of 1.4 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of DL Spirits?
- The turnover of DL Spirits was €144,868 in financial year 2025, according to the filed annual accounts.
- Is DL Spirits profitable?
- In financial year 2025, DL Spirits made a loss of €57,857.
- Where can I find the annual accounts of DL Spirits?
- DL Spirits filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DL Spirits due?
- DL Spirits must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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