DALEM
ActiveSummary
DALEM has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241,604 and a net result of €25,887. Equity is growing by about 3.9% per year across the filed financial years. Its solvency ranks better than 30% of 6,141 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Staff
- 17.5 FTE
- Equity
- €241,604
- Profit
- €25,887
- Andy BRAUNDirector
- Roxane BAUMGARTENDirector
Why 69raises riskLiquidity: current ratio 1.33Size: 17.5 FTE, total assets €905,733lowers riskFounded in 1968Legal form: public limited companyShow the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, small): better than 30% on solvency, 18% on liquidity, 66% on profitability and 71% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 2 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 11% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 4,685 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.9% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,685 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €44,329 | €32,294 | €1,372 | €86,071 | €7,387 | ▼ 91.4% |
| Remuneration, social security and pensions62 | - | - | - | €289,196 | €412,973 | €623,563 | €671,415 | €920,150 | ▲ 37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,000 | €63,805 | €115,905 | €98,172 | €60,372 | €60,452 | €2,589 | €24,264 | ▲ 837% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,030 | - | €108,799 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,680 | €5,999 | €23,876 | €13,328 | €3,091 | ▼ 76.8% |
| Non-recurring operating charges66A | - | - | - | €1,060 | - | - | - | - | - |
| Gross operating margin9900 | €189,958 | €319,390 | €299,781 | €410,524 | €489,787 | €862,991 | €729,151 | €993,734 | ▲ 36.3% |
| Operating profit (loss)9901 | €34,508 | €60,940 | -€32,267 | €17,386 | €10,443 | €46,302 | €41,819 | €46,229 | ▲ 10.5% |
| Financial income75/76B | - | - | - | €440 | €64 | €1,058 | €735 | €41 | ▼ 94.4% |
| Recurring financial income75 | - | €50 | €732 | €440 | €64 | €1,058 | €735 | €41 | ▼ 94.4% |
| Financial charges65/66B | - | - | - | €6,522 | €3,044 | €1,976 | €14,496 | €4,055 | ▼ 72.0% |
| Recurring financial charges65 | €1,510 | €4,525 | €9,429 | €6,522 | €3,044 | €1,976 | €14,496 | €4,055 | ▼ 72.0% |
| Profit (loss) for the period before taxes9903 | €35,003 | €56,465 | -€40,964 | €11,304 | €7,463 | €45,383 | €28,058 | €42,215 | ▲ 50.5% |
| Income taxes67/77 | €3 | - | €75 | €234 | €3,169 | €16,917 | €10,985 | €16,328 | ▲ 48.6% |
| Profit (loss) for the period9904 | €35,000 | €56,465 | -€41,039 | €11,069 | €4,295 | €28,467 | €17,073 | €25,887 | ▲ 51.6% |
| Profit (loss) for the period to be appropriated9905 | €35,000 | €56,465 | -€41,039 | €11,069 | €4,295 | €28,467 | €17,073 | €25,887 | ▲ 51.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.4m | €1.6m | €1.5m | €1.5m | €2.2m | €4.6m | €2.0m | €0.9m | ▼ 55.4% |
| Fixed assets21/28 | €0.2m | €0.5m | €0.4m | €0.2m | €0.1m | €0.06m | €0.04m | €0.02m | ▼ 53.4% |
| Tangible fixed assets22/27 | €0.2m | €0.5m | €0.4m | €0.2m | €0.1m | €0.06m | €0.04m | €0.02m | ▼ 53.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.04m | €0.02m | ▼ 57.0% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.1m | €0.06m | €0.006m | €0.004m | ▼ 30.4% |
| Financial fixed assets28 | €297 | €297 | €297 | €297 | €297 | €297 | €0 | - | - |
| Current assets29/58 | €1.2m | €1.2m | €1.1m | €1.3m | €2.1m | €4.5m | €2.0m | €0.9m | ▼ 55.5% |
| Amounts receivable within one year40/41 | €1.2m | €1.2m | €1.1m | €1.3m | €2.1m | €4.5m | €2.0m | €0.9m | ▼ 56.8% |
| Trade receivables40 | - | - | - | €1.0m | €0.9m | €4.0m | €2.0m | €0.7m | ▼ 66.8% |
| Other amounts receivable41 | - | - | - | €0.2m | €1.2m | €0.5m | €0.004m | €0.2m | ▲ 45× |
| Cash at bank and in hand54/58 | €0.05m | €0.002m | €0 | €0 | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.005m | €0.04m | €0.008m | €0.03m | ▲ 287% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.4m | €1.6m | €1.5m | €1.5m | €2.2m | €4.6m | €2.0m | €0.9m | ▼ 55.4% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 12.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.04m | €0.04m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.06m | €0.06m | €0.06m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | €0.04m | €0.09m | €0.05m | €0.06m | €0.07m | €0.09m | €0.1m | €0.1m | ▲ 23.3% |
| Amounts payable17/49 | €1.3m | €1.4m | €1.3m | €1.3m | €2.0m | €4.3m | €1.8m | €0.7m | ▼ 63.4% |
| Amounts payable after more than one year17 | €0.2m | €0.3m | €0.2m | €0.04m | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.04m | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €1.1m | €1.1m | €1.3m | €2.0m | €4.3m | €1.7m | €0.7m | ▼ 61.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.04m | €0 | €0.002m | €0.02m | ▲ 14× |
| Financial debts43 | - | - | - | - | €0 | - | €0.9m | €0.04m | ▼ 96.1% |
| Other loans439 | - | - | - | - | €0 | - | €0.9m | €0.04m | ▼ 96.1% |
| Trade debts44 | €0.9m | €0.9m | €0.3m | €1.0m | €1.9m | €4.2m | €0.7m | €0.4m | ▼ 35.9% |
| Suppliers440/4 | - | - | - | €1.0m | €1.9m | €4.2m | €0.7m | €0.4m | ▼ 35.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 20.5% |
| Taxes450/3 | - | - | - | €0.07m | €0.04m | €0.06m | €0.06m | €0.06m | ▲ 3.6% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.07m | €0.1m | €0.09m | €0.1m | ▲ 31.8% |
| Other amounts payable47/48 | - | - | - | €309 | €309 | €0.001m | €0.03m | €0.001m | ▼ 97.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.005m | €0.008m | €0.07m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,000 | €56,465 | -€41,039 | €11,069 | €4,295 | €28,467 | €17,073 | €25,887 | ▲ 51.6% |
| + Depreciation and write-downs630 | €50,000 | €63,805 | €115,905 | €98,172 | €60,372 | €60,452 | €2,589 | €24,264 | ▲ 837% |
| Operating cash flow (approximation) | €85,000 | €120,271 | €74,866 | €109,241 | €64,667 | €88,919 | €19,662 | €50,151 | ▲ 155% |
| Investment in fixed assets (approximation) | - | -€332,867 | €0 | €16,310 | €62,200 | -€3,934 | €12,551 | -€376 | - |
| Change in cash | - | -€47,702 | -€2,042 | €0 | - | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 02-07-2026 | 2026-00241419 |
| 31-12-2024 | full format | 31-07-2025 | 2025-00344427 |
| 31-12-2023 | full format | 30-07-2024 | 2024-00307092 |
| 31-12-2022 | full format | 07-08-2023 | 2023-00316798 |
| 31-12-2021 | full format | 15-09-2022 | 2022-20429615 |
| 31-12-2020 | full format | 24-08-2021 | 2021-52200421 |
| 31-12-2019 | full format | 30-06-2020 | 2020-23300276 |
| 31-12-2018 | full format | 16-09-2019 | 2019-64400348 |
| 31-12-2017 | full format | 16-08-2018 | 2018-45800416 |
| 31-12-2016 | full format | 21-08-2017 | 2017-44500224 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Andy BRAUN |
|
| Roxane BAUMGARTEN |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-02
Gazette deed
Reappointments: Andy BRAUN (director) and Roxane BAUMGARTEN (director)Appointment: Andy BRAUN (director) · Registered office clause · Amendment of the articles8 facts ▸
- Registered office clause, “4700 Eupen,Industriestrasse 12” (deed in French)
- Director reappointment, Andy BRAUN (director)
- Director reappointment, Roxane BAUMGARTEN (director)
- Director appointment, Andy BRAUN
- Other provision, “statuts coordonnés, chargés dans la base de données électronique éponyme” (deed in French)
- Amendment of the articles
- Name change, DALEM
- Capital, €62,000
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the KBO register.
Industriestrasse 124700 Eupen1 establishment unit
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Les transports internationaux pour tous pays,l’agence en douanes et toutes opérations accessoires,notamment:l’expédition,le transport,la…” (deed in French)
7 activities (deed in French)
- Les transports internationaux pour tous pays,l’agence en douanes et toutes opérations accessoires,notamment:l’expédition,le transport,la réception,le chargement,le déchargement,le courtage
- L’entreposage de marchandises
- Location de véhicules
- Services auxiliaires de transports terrestres
- Activités des courtiers de transport
- Autres activités annexes de l’organisation de transports
- Activités des commissionnaires de transport qui concluent pour compte propre des contrats de transport de marchandises mais font effectuer le transport par des tiers
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DALEM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, ARTICLE 2-SIEGE” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 17 : Représentation - Actes et actions judiciaires La société est représentée en justice et dans les actes par deux administrateurs…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Tous actes nécessaires ou utiles à réalisation de l'objet, conseil d'administration” (deed in French)“16, sauf décision contraire de assemblée générale” (deed in French)“Société peut être administrée par administrateur unique, 18” (deed in French)“ARTICLE 9–ADMINISTRATION DE LA SOCIETE, seule l’assemblée générale nomme nouvel administrateur avant fin du mandat” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, ARTICLE 7–NATURE DES ACTIONS” (deed in French)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- Closes on 30 December
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Tuesday of May at 17:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Toutes opérations prévues par la loi, assemblée générale à la majorité des voix” (deed in French)1 more provision on this in the deed