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DEELBEL

Active
Public limited companyfounded 199729 yrs activeSpeelhofdreef 56, 2970 Schilde, BelgiumKBO/BCE: BE 0460.923.808
Summary

DEELBEL has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33.4m and a net result of €18.1m. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 79% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+50
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 6.54 against 3.52 in 2024; short-term debt: 15.3% and cash: 0.1% of total assets), and 15.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
84.7%
Return on assets
45.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 29 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 19-07-2026, 12 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
12 d early
2024
27 d late
2023
19 d late
2022
25 d late
2021
17 d late
2020
27 d late
2019
49 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 20 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 June 1997, DEELBEL was incorporated.1 Of the 3 current board members, Hendrikus ENGELEN has served longest, since 2026.2 Total assets went from EUR 11 million in 2018 to EUR 39 million in 2025 and headcount from 1 full-time equivalents in 2018 to 0.6 in 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 23-03-2026
  3. 3National Bank, annual accounts 2018, 2024 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18.1m▲ 113%
2024 · €8.5m
Working capital
€33.4m▲ 118%
2024 · €15.3m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€20,377▲ 57.6%-€15,847▲ 22.2%-€64,926▼ 310%-€82,095▼ 26.4%-€54,421▲ 33.7%
Net result€2.1mabove the sector's middle half▲ 1,240%€677,889above the sector's middle half▼ 68.3%€345,137above the sector's middle half▼ 49.1%€8.5mabove the sector's middle half▲ 2,359%€18.1mabove the sector's middle half▲ 113%
Equity€5.8mabove the sector's middle half▲ 58.6%€6.5mabove the sector's middle half▲ 11.7%€6.8mabove the sector's middle half▲ 5.3%€15.3mabove the sector's middle half▲ 125%€33.4mabove the sector's middle half▲ 118%
Total assets€11.6mabove the sector's middle half▲ 1.4%€12.3mabove the sector's middle half▲ 5.7%€12.8mabove the sector's middle half▲ 4.1%€21.4mabove the sector's middle half▲ 67.0%€39.4mabove the sector's middle half▲ 84.6%
Debt€5.8m▼ 25.4%€5.8m▼ 0.2%€6.0m▲ 2.8%€6.1m▲ 1.4%€6.0m▼ 0.5%
Working capital€5.7mabove the sector's middle half▲ 62.3%€6.4mabove the sector's middle half▲ 12.6%€6.8mabove the sector's middle half▲ 6.0%€15.3mabove the sector's middle half▲ 125%€33.4mabove the sector's middle half▲ 118%
Solvency49.8%within the sector's middle half▲ 18.0pp52.7%within the sector's middle half▲ 2.8pp53.3%within the sector's middle half▲ 0.6pp71.6%within the sector's middle half▲ 18.4pp84.7%above the sector's middle half▲ 13.1pp
Current ratio1.98within the sector's middle half▲ 0.532.10within the sector's middle half▲ 0.132.14within the sector's middle half▲ 0.033.52within the sector's middle half▲ 1.396.54above the sector's middle half▲ 3.02
Return on assets (ROA)18.4%above the sector's middle half▲ 17.0pp5.5%within the sector's middle half▼ 12.9pp2.7%within the sector's middle half▼ 2.8pp39.7%above the sector's middle half▲ 37.0pp45.9%above the sector's middle half▲ 6.2pp
Staff (FTE)1within the sector's middle half=0.6within the sector's middle half
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2025 Net result +113% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
-€5.0m€0€5.0m€10.0m€15.0m€20.0mOperating result 2021: -€20,377-€20,377Net result 2021: €2.1m€2.1mOperating result 2022: -€15,847-€15,847Net result 2022: €677,889€677,889Operating result 2023: -€64,926-€64,926Net result 2023: €345,137€345,137Operating result 2024: -€82,095-€82,095Net result 2024: €8.5m€8.5mOperating result 2025: -€54,421-€54,421Net result 2025: €18.1m€18.1m20212022202320242025-€5m€0€5m€10m€15m€20mOperating result 2023: -€64,926-€64,900Net result 2023: €345,137€345,000Operating result 2024: -€82,095-€82,100Net result 2024: €8.5m€8.5mOperating result 2025: -€54,421-€54,400Net result 2025: €18.1m€18m202320242025
The operating result stays negative: a loss of €54,421 in 2025 against €82,095 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39.4m
Fixed assets €14,774 =
Current assets €39.4m ▲ 84.6%
Equity and liabilities €39.4m
Equity €33.4m ▲ 118%
Debt €6.0m ▼ 0.5%
Debt's share of the balance-sheet total falls from 28.4% to 15.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.18▼
2024 · 0.40
ROE
54.2%▼
2024 · 55.5%
Debt ≤ 1 year
€6.0m▼
2024 · €6.1m
Income taxes
€1,721▼
2024 · €39,711
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 321 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0% went bankrupt
2.5% stopped otherwise
98% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
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% 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 321 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€21.4m€39.4m▲
Fixed assets21/28€14,774€14,774=
Financial fixed assets28€14,774€14,774=
Current assets29/58€21.3m€39.4m▲
Amounts receivable within one year40/41€57,868€358,328▲
Trade receivables40€11,840€2,416▼
Other amounts receivable41€46,029€355,912▲
Current investments50/53€21.2m€39.0m▲
Cash at bank and in hand54/58€121,390€43,800▼
Equity and liabilities
Total equity and liabilities10/49€21.4m€39.4m▲
Equity10/15€15.3m€33.4m▲
Contributions10/11€62,469€62,469=
Capital10€62,469€62,469=
Issued capital100€62,469€62,469=
Reserves13€15.2m€33.3m▲
Non-distributable reserves130/1€155,012€155,012=
Legal reserve130€155,012€155,012=
Distributable reserves133€15.1m€33.2m▲
Amounts payable17/49€6.1m€6.0m▼
Amounts payable within one year42/48€6.1m€6.0m▼
Trade debts44-€8,654
Suppliers440/4-€8,654
Taxes, remuneration and social security45-€22,500
Taxes450/3-€22,500
Other amounts payable47/48€6.1m€6.0m▼
Income statement Code20242025
Remuneration, social security and pensions62€11,213-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€814-
Other operating charges640/8€4,143€2,752▼
Gross operating margin9900-€65,925-€51,669▲
Operating profit (loss)9901-€82,095-€54,421▲
Financial income75/76B€8.6m€18.2m▲
Recurring financial income75€8.6m€18.2m▲
Financial charges65/66B€28,264€35,472▲
Recurring financial charges65€28,264€35,472▲
Profit (loss) for the period before taxes9903€8.5m€18.1m▲
Income taxes67/77€39,711€1,721▼
Profit (loss) for the period9904€8.5m€18.1m▲
Profit (loss) for the period to be appropriated9905€8.5m€18.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€8.5m€18.1m▲
Transfer to equity691/2€8.5m€18.1m▲
To other reserves6921€8.5m€18.1m▲
Social balance
Average headcount (FTE)90870.6-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€13,522€41-€11,213--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41,368€40,697€40,697€814--
Other operating charges640/8€3,980€2,686€4,512€4,143€2,752▼ 33.6%
Gross operating margin9900€38,493€27,577-€19,716-€65,925-€51,669▲ 21.6%
Operating profit (loss)9901-€20,377-€15,847-€64,926-€82,095-€54,421▲ 33.7%
Financial income75/76B€2.2m€942,329€453,904€8.6m€18.2m▲ 111%
Recurring financial income75€2.2m€942,329€453,904€8.6m€18.2m▲ 111%
Financial charges65/66B€17,404€83,951€12,314€28,264€35,472▲ 25.5%
Recurring financial charges65€17,404€83,951€12,314€28,264€35,472▲ 25.5%
Profit (loss) for the period before taxes9903€2.2m€842,531€376,664€8.5m€18.1m▲ 112%
Income taxes67/77€12,757€164,641€31,526€39,711€1,721▼ 95.7%
Profit (loss) for the period9904€2.1m€677,889€345,137€8.5m€18.1m▲ 113%
Profit (loss) for the period to be appropriated9905€2.1m€677,889€345,137€8.5m€18.1m▲ 113%
Line20212022202320242025Change
Assets
Total assets20/58€11.6m€12.3m€12.8m€21.4m€39.4m▲ 84.6%
Fixed assets21/28€96,982€56,285€15,588€14,774€14,774=
Tangible fixed assets22/27€82,208€41,511€814---
Plant, machinery and equipment23€2,707€1,761€814---
Furniture and vehicles24€79,501€39,751----
Financial fixed assets28€14,774€14,774€14,774€14,774€14,774=
Current assets29/58€11.5m€12.2m€12.8m€21.3m€39.4m▲ 84.6%
Amounts receivable within one year40/41€94,298€39,287€73,394€57,868€358,328▲ 519%
Trade receivables40€13,646€5,609€30,134€11,840€2,416▼ 79.6%
Other amounts receivable41€80,652€33,677€43,261€46,029€355,912▲ 673%
Current investments50/53€11.3m€11.2m€12.6m€21.2m€39.0m▲ 84.3%
Cash at bank and in hand54/58€154,387€985,204€137,872€121,390€43,800▼ 63.9%
Deferred charges and accrued income490/1€1,475€1,642----
Equity and liabilities
Total equity and liabilities10/49€11.6m€12.3m€12.8m€21.4m€39.4m▲ 84.6%
Equity10/15€5.8m€6.5m€6.8m€15.3m€33.4m▲ 118%
Contributions10/11€62,469€62,469€62,469€62,469€62,469=
Capital10€62,469€62,469€62,469€62,469€62,469=
Issued capital100€62,469€62,469€62,469€62,469€62,469=
Reserves13€5.7m€6.4m€6.7m€15.2m€33.3m▲ 119%
Non-distributable reserves130/1€155,012€155,012€155,012€155,012€155,012=
Legal reserve130€155,012€155,012€155,012€155,012€155,012=
Distributable reserves133€5.6m€6.2m€6.6m€15.1m€33.2m▲ 120%
Amounts payable17/49€5.8m€5.8m€6.0m€6.1m€6.0m▼ 0.5%
Amounts payable within one year42/48€5.8m€5.8m€6.0m€6.1m€6.0m▼ 0.5%
Trade debts44€15,931€9,084€22,335-€8,654-
Suppliers440/4€15,931€9,084€22,335-€8,654-
Taxes, remuneration and social security45€12,757€12,757--€22,500-
Taxes450/3€12,757€12,757--€22,500-
Other amounts payable47/48€5.8m€5.8m€5.9m€6.1m€6.0m▼ 1.1%
Line20212022202320242025Change
Profit (loss) for the period9904€2.1m€677,889€345,137€8.5m€18.1m▲ 113%
+ Depreciation and write-downs630€41,368€40,697€40,697€814--
Operating cash flow (approximation)€2.2m€718,586€385,834€8.5m€18.1m▲ 113%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€830,817-€847,332-€16,482-€77,590▼ 371%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-09
State Gazette act Appointment: Audrey Engelen (managing director)
2 facts ▸
  • Board meeting, 19-08-2026
  • Director appointment, Audrey Engelen (managing director)
19-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
24-03
State Gazette act Resignation: TIELEMAN Peter (director)
Appointment: TYTGAT Johan Frans André Josef (opvolgend bestuurder ingeval van overlijden of bestendige onbekwaamheid van mevrouw engelen audrey) · Mandate compensation · Power of attorney6 facts ▸
  • General meeting, 11/02/2026
  • Director resignation, TIELEMAN Peter (director)
  • Director appointment, TYTGAT Johan Frans André Josef (opvolgend bestuurder ingeval van overlijden of bestendige onbekwaamheid van mevrouw engelen audrey)
  • Mandate compensation, TYTGAT Johan Frans André Josef
  • Power of attorney, Laurent Liessens
  • Sole shareholder
23-03
State Gazette act Appointment: Hendrikus ENGELEN (gedelegeerd bestuurder)
2 facts ▸
  • Board meeting, 02/03/2026
  • Director appointment, Hendrikus ENGELEN (gedelegeerd bestuurder)
2025
31-12
Financial Highest result since 2018net €18.1m ▲113%
Net result €18.1m, the highest in the series.
31-12
Financial Equity above €25mEq €33.4m ▲118%
8 profitable years in a row build equity to €33.4m.
27-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial Equity above €10mEq €15.3m ▲125%
7 profitable years in a row build equity to €15.3m.
19-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
25-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
17-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
31-12
Financial Equity above €5mEq €5.8m ▲58.6%
4 profitable years in a row build equity to €5.8m.
Show earlier events
27-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial Weakest financial yearnet €159,668 ▼78.5%
Net result drops to €159,668, the lowest in the series; recovery starts the following year.
12-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 9 acts read
About the unread acts

Of the 9 Belgian State Gazette acts we know for this company, 3 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 director, 2 in day-to-day management, last change in 2026

Board 1

TYTGAT Johan Frans André Josef
Opvolgend bestuurder ingeval van overlijden of bestendige onbekwaamheid van mevrouw engelen audrey · since 24-03-2026
Current

Day-to-day management 2

Hendrikus ENGELEN
Gedelegeerd bestuurder · since 02-03-2026
Current
Audrey Engelen
Managing director · since 19-08-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 1997
seat establishment The establishment unit on the map
Ground area
1.0 ha
Building footprint
403 m²
Volume, LiDAR
2,726 m³
Parcel 11922C0323/00A002, Flanders · tallest building 21.4 m, ±2 floors. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 establishment unit
DEELBEL NV
Speelhofdreef 56, 2970 SchildeInsurance, reinsurance and pension funding, except compulsory social security
since 19972.082.478.746
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11922C0323/00A002 Flanders 1.0 ha 1 · 403 m² 21.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

4 people since 2025, 3 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
TYTGAT Johan Frans André Josef
  • Opvolgend bestuurder ingeval van overlijden of bestendige onbekwaamheid van mevrouw engelen audrey, from 24-03-2026 to date
Hendrikus ENGELEN
  • Gedelegeerd bestuurder, from 02-03-2026 to date
Audrey Engelen
  • Managing director, from 19-08-2026 to date
Peter TIELEMAN
  • Director, until 25-09-2025
See the board, name and seat on a given date →

Structure & network

Connections & network

3 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

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Recognitions · licences · registrations

Legal Entity Identifier

9676002N74KL3FP0E485
live in the LEI register

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 2,717 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded24-06-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0460923808
Also 9925:BE0460923808
Registered 07-08-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.