DELAGO
ActiveSummary
DELAGO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €220,829 and a net result of €41,844. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 83% of 11620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 5.83 against 5.45 in 2023; short-term debt: 16.1% and cash: 16.6% of total assets), and 16.1% of the assets are financed with debt.
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Signals
Three 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
71 d late
2021
61 d late
2020
92 d late
2019
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 83 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€220,829▲ 13.8%
2023 · €193,984
Total assets
€263,098▲ 15.1%
2023 · €228,627
Net result
€41,844▼ 20.4%
2023 · €52,598
Working capital
€204,282▲ 32.4%
2023 · €154,308
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20202021202220232024
Operating result€74,323▲ 159%€48,208▼ 35.1%€68,238▲ 41.5%€79,277▲ 16.2%€63,847▼ 19.5%
Net result€21,315within the sector's middle half▲ 23.6%€31,995within the sector's middle half▲ 50.1%€49,049above the sector's middle half▲ 53.3%€52,598above the sector's middle half▲ 7.2%€41,844within the sector's middle half▼ 20.4%
Equity€81,108within the sector's middle half▲ 1.7%€95,603within the sector's middle half▲ 17.9%€143,052within the sector's middle half▲ 49.6%€193,984above the sector's middle half▲ 35.6%€220,829above the sector's middle half▲ 13.8%
Total assets€154,814within the sector's middle half▲ 49.6%€137,983within the sector's middle half▼ 10.9%€181,954within the sector's middle half▲ 31.9%€228,627within the sector's middle half▲ 25.7%€263,098within the sector's middle half▲ 15.1%
Debt€73,705▲ 210%€42,379▼ 42.5%€38,902▼ 8.2%€34,643▼ 10.9%€42,269▲ 22.0%
Working capital€45,726within the sector's middle half▼ 8.6%€52,378within the sector's middle half▲ 14.5%€107,638within the sector's middle half▲ 106%€154,308above the sector's middle half▲ 43.4%€204,282above the sector's middle half▲ 32.4%
Solvency52.4%within the sector's middle half▼ 24.6pp69.3%within the sector's middle half▲ 16.9pp78.6%above the sector's middle half▲ 9.3pp84.8%above the sector's middle half▲ 6.2pp83.9%above the sector's middle half▼ 0.9pp
Current ratio1.62within the sector's middle half▼ 1.482.24within the sector's middle half▲ 0.623.77within the sector's middle half▲ 1.535.45above the sector's middle half▲ 1.695.83above the sector's middle half▲ 0.38
Return on assets (ROA)13.8%within the sector's middle half▼ 2.9pp23.2%above the sector's middle half▲ 9.4pp27.0%above the sector's middle half▲ 3.8pp23.0%within the sector's middle half▼ 4.0pp15.9%within the sector's middle half▼ 7.1pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €263,098
Fixed assets
€16,547 ▼ 58.3%
Current assets
€246,551 ▲ 30.5%
Equity and liabilities €263,098
Equity
€220,829 ▲ 13.8%
Debt
€42,269 ▲ 22.0%
Debt's share of the balance-sheet total rises from 15.2% to 16.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,146▼
2023 · €84,106
Cash flow
€46,143▼
2023 · €57,427
Debt to equity
0.19▲
2023 · 0.18
ROE
18.9%▼
2023 · 27.1%
Interest coverage
15.41▼
2023 · 15.98
Debt ≤ 1 year
€42,269▲
2023 · €34,643
Income taxes
€17,581▼
2023 · €21,418
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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%.
| 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 34,696 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €17,159 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,445 | €4,892 | €4,832 | €4,829 | €4,299 | ▼ 11.0% |
| Other operating charges640/8 | - | €976 | €1,353 | €397 | €1,167 | ▲ 194% |
| Non-recurring operating charges66A | - | - | - | - | €23,819 | - |
| Gross operating margin9900 | €80,110 | €54,076 | €74,422 | €84,503 | €93,132 | ▲ 10.2% |
| Operating profit (loss)9901 | €74,323 | €48,208 | €68,238 | €79,277 | €63,847 | ▼ 19.5% |
| Financial income75/76B | - | €0 | - | €0 | €1 | ▲ 37.5% |
| Recurring financial income75 | €2 | €0 | - | €0 | €1 | ▲ 37.5% |
| Financial charges65/66B | - | €1,331 | €1,076 | €5,262 | €4,422 | ▼ 16.0% |
| Recurring financial charges65 | €42,324 | €1,331 | €1,076 | €5,262 | €4,422 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | €32,001 | €46,878 | €67,162 | €74,016 | €59,425 | ▼ 19.7% |
| Income taxes67/77 | €10,686 | €14,883 | €18,113 | €21,418 | €17,581 | ▼ 17.9% |
| Profit (loss) for the period9904 | €21,315 | €31,995 | €49,049 | €52,598 | €41,844 | ▼ 20.4% |
| Profit (loss) for the period to be appropriated9905 | €21,315 | €31,995 | €49,049 | €52,598 | €41,844 | ▼ 20.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,814 | €137,983 | €181,954 | €228,627 | €263,098 | ▲ 15.1% |
| Fixed assets21/28 | €35,383 | €43,225 | €35,426 | €39,677 | €16,547 | ▼ 58.3% |
| Tangible fixed assets22/27 | €11,563 | €19,406 | €11,606 | €15,857 | €16,547 | ▲ 4.3% |
| Furniture and vehicles24 | - | €17,731 | €10,264 | €11,667 | €12,927 | ▲ 10.8% |
| Other tangible fixed assets26 | - | €1,675 | €1,342 | €4,191 | €3,620 | ▼ 13.6% |
| Financial fixed assets28 | €23,819 | €23,819 | €23,819 | €23,819 | €0 | ▼ 100% |
| Current assets29/58 | €119,431 | €94,757 | €146,529 | €188,951 | €246,551 | ▲ 30.5% |
| Amounts receivable after more than one year29 | - | €43,000 | €70,000 | €70,000 | €70,000 | = |
| Other amounts receivable291 | - | €43,000 | €70,000 | €70,000 | €70,000 | = |
| Amounts receivable within one year40/41 | €16,339 | €20,232 | €22,407 | €38,703 | €56,804 | ▲ 46.8% |
| Trade receivables40 | - | €18,892 | €19,536 | €21,938 | €21,740 | ▼ 0.9% |
| Other amounts receivable41 | - | €1,341 | €2,871 | €16,765 | €35,064 | ▲ 109% |
| Current investments50/53 | - | - | - | €29,557 | €59,041 | ▲ 99.8% |
| Cash at bank and in hand54/58 | €48,501 | €27,996 | €27,570 | €29,734 | €43,749 | ▲ 47.1% |
| Deferred charges and accrued income490/1 | - | €3,529 | €26,551 | €20,956 | €16,957 | ▼ 19.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,814 | €137,983 | €181,954 | €228,627 | €263,098 | ▲ 15.1% |
| Equity10/15 | €81,108 | €95,603 | €143,052 | €193,984 | €220,829 | ▲ 13.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €71,435 | €83,935 | €132,375 | €182,375 | €207,375 | ▲ 13.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €515 | €515 | €515 | €515 | = |
| Distributable reserves133 | - | €81,560 | €130,000 | €181,860 | €206,860 | ▲ 13.7% |
| Profit (loss) carried forward14 | €3,473 | €5,468 | €4,477 | €5,409 | €7,253 | ▲ 34.1% |
| Amounts payable17/49 | €73,705 | €42,379 | €38,902 | €34,643 | €42,269 | ▲ 22.0% |
| Amounts payable within one year42/48 | €73,705 | €42,379 | €38,890 | €34,643 | €42,269 | ▲ 22.0% |
| Financial debts43 | - | €9,328 | €9,339 | €9,427 | €18,955 | ▲ 101% |
| Credit institutions430/8 | - | €9,328 | €9,339 | €9,427 | €18,955 | ▲ 101% |
| Trade debts44 | €4,847 | €5,928 | €5,134 | €3,166 | €2,603 | ▼ 17.8% |
| Suppliers440/4 | - | €5,928 | €5,134 | €3,166 | €2,603 | ▼ 17.8% |
| Taxes, remuneration and social security45 | - | €9,135 | €22,817 | €20,372 | €5,688 | ▼ 72.1% |
| Taxes450/3 | - | €9,135 | €22,817 | €20,372 | €5,688 | ▼ 72.1% |
| Other amounts payable47/48 | - | €17,988 | €1,600 | €1,677 | €15,023 | ▲ 796% |
| Accrued charges and deferred income492/3 | - | - | €12 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,315 | €31,995 | €49,049 | €52,598 | €41,844 | ▼ 20.4% |
| + Depreciation and write-downs630 | €4,445 | €4,892 | €4,832 | €4,829 | €4,299 | ▼ 11.0% |
| Operating cash flow (approximation) | €25,760 | €36,887 | €53,881 | €57,427 | €46,143 | ▼ 19.6% |
| Investment in fixed assets (approximation) | - | -€12,735 | €2,968 | -€9,080 | €18,831 | ▲ 307% |
| Change in cash | - | -€20,505 | -€426 | €2,164 | €14,015 | ▲ 548% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €200,000Eq €220,829 ▲13.8%
7 profitable years in a row build equity to €220,829.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €52,598 ▲7.2%
Operating result €79,277, net result €52,598, both a record.
31-12
Financial
Equity above €150,000Eq €193,984 ▲35.6%
6 profitable years in a row build equity to €193,984.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-12
Financial
Equity above €100,000Eq €143,052 ▲49.6%
5 profitable years in a row build equity to €143,052.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
04-01
State Gazette act
General meeting · Approval
Capital increase · Capital
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
25-01
State Gazette act
General meeting · Accounting effect
Capital increase · Legal-form conversion · Stijn JOYE
25-01
State Gazette act
General meeting · Registered-office move
Capital increase · Capital · Stijn JOYE
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Bonheiden · 1 establishment unit since 2011
Ground area
3,912 m²
Building footprint
180 m²
Volume, LiDAR
1,040 m³
Parcel 12005D0311/00L002, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DELAGO
since 20112.204.695.479
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005D0311/00L002 | Flanders | 3,912 m² | 1 · 180 m² | 6.5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
12.01%
According to the 2023 annual accounts of DELAGO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
3 locations
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,059 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841314949
Also
9925:BE0841314949
Registered
16-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.