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DELAGRO

Active
Private limited companyfounded 200224 yrs activeRue la Cavée(AM) 24, 7750 Mont-de-l'Enclus, BelgiumKBO/BCE: BE 0478.010.159
Summary

The computed 12-month bankruptcy probability of DELAGRO is 17.2% (high). The annual accounts of DELAGRO for fiscal year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €52,556 and a net result of -€87,286. Equity is shrinking by ~9.2% per year across the filed fiscal years. The company has been active since 2002 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-13
Solvency43▼-31
Growth52=
Track record76
Bankruptcy probability, 12 months
17.2% High
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.07 against 5.96 in 2024; short-term debt: 47.2% and cash: 26.1% of total assets), but 81.9% of the assets are financed with debt.
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Signals

Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 24 years 0 30 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
18.1%
Return on assets
-30%
Age of the figures
18 mo
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€87,286
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
197 d late
2023
563 d late
2022
928 d late
2021
3 d late
2020
30 d late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 246 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
3 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
UBO non-compliance×3
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 16 May (4 of the last 5 filed years within 366 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline

History

DELAGRO was incorporated on 17 July 2002.1 Total assets fell from EUR 785,237 in 2019 to EUR 291,007 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€52,556▼ 62.4%
2024 · €139,842
Total assets
€291,007▲ 1.1%
2024 · €287,964
Net result
-€87,286▼ 513%
2024 · -€14,229
Working capital
€147,588▼ 36.8%
2024 · €233,704
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€142,174€59,503-€21,146-€60,349▼ 185%-€13,195▲ 78.1%
Net result-€65,126€50,027-€22,920-€14,229▲ 37.9%-€87,286▼ 513%
Equity€126,963▼ 38.9%€176,990▲ 39.4%€154,070▼ 12.9%€139,842▼ 9.2%€52,556▼ 62.4%
Total assets€664,773▼ 27.6%€429,636▼ 35.4%€432,400▲ 0.6%€287,964▼ 33.4%€291,007▲ 1.1%
Debt€537,810▼ 24.3%€252,646▼ 53.0%€278,329▲ 10.2%€148,123▼ 46.8%€238,451▲ 61.0%
Working capital€26,029▼ 58.7%€268,149▲ 930%€246,762▼ 8.0%€233,704▼ 5.3%€147,588▼ 36.8%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000Operating result 2021: -€142,174-€142,174Net result 2021: -€65,126-€65,126Operating result 2022: €59,503€59,503Net result 2022: €50,027€50,027Operating result 2023: -€21,146-€21,146Net result 2023: -€22,920-€22,920Operating result 2024: -€60,349-€60,349Net result 2024: -€14,229-€14,229Operating result 2025: -€13,195-€13,195Net result 2025: -€87,286-€87,28620212022202320242025-€100,000-€75,000-€50,000-€25,000€0Operating result 2023: -€21,146-€21,100Net result 2023: -€22,920-€22,900Operating result 2024: -€60,349-€60,300Net result 2024: -€14,229-€14,200Operating result 2025: -€13,195-€13,200Net result 2025: -€87,286-€87,300202320242025
The operating result stays negative: a loss of €13,195 in 2025 against €60,349 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €291,007
Fixed assets €6,020 ▼ 16.3%
Current assets €284,987 ▲ 1.5%
Equity and liabilities €291,007
Equity €52,556 ▼ 62.4%
Debt €238,451 ▲ 61.0%
Debt's share of the balance-sheet total rises from 51.4% to 81.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€12,025▲
2024 · -€59,179
Cash flow
-€86,116▼
2024 · -€13,059
Current ratio
2.07▼
2024 · 5.96
Debt to equity
4.54▲
2024 · 1.06
ROE
-166.1%▼
2024 · -10.2%
ROA
-30.0%▼
2024 · -4.9%
Interest coverage
-1.20▲
2024 · -10.19
Debt ≤ 1 year
€137,399▲
2024 · €47,071
Debt > 1 year
€101,052=
2024 · €101,052
Income taxes
€72,610
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
3.8% went bankrupt
7.4% stopped otherwise
89% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 17.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% 1.8%
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% 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 1,221 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 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€287,964€291,007▲
Fixed assets21/28€7,190€6,020▼
Tangible fixed assets22/27€2,340€1,170▼
Leasing and similar rights25€2,340€1,170▼
Financial fixed assets28€4,850€4,850=
Current assets29/58€280,774€284,987▲
Amounts receivable within one year40/41€184,180€184,180=
Trade receivables40€27,280€27,280=
Other amounts receivable41€156,900€156,900=
Cash at bank and in hand54/58€80,354€75,996▼
Deferred charges and accrued income490/1€16,240€24,811▲
Equity and liabilities
Total equity and liabilities10/49€287,964€291,007▲
Equity10/15€139,842€52,556▼
Contributions10/11€18,600€18,600=
Reserves13€173,489€173,489=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€171,629€171,629=
Profit (loss) carried forward14-€52,248-€139,533▼
Amounts payable17/49€148,123€238,451▲
Amounts payable after more than one year17€101,052€101,052=
Financial debts170/4€101,052€101,052=
Amounts payable within one year42/48€47,071€137,399▲
Financial debts43-€31
Credit institutions430/8-€31
Trade debts44€25,777€10,777▼
Suppliers440/4€25,777€10,777▼
Taxes, remuneration and social security45€21,294€112,762▲
Taxes450/3€21,294€112,762▲
Other amounts payable47/48-€13,830
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,170€1,170=
Other operating charges640/8€5,398€8,875▲
Gross operating margin9900-€53,782-€3,150▲
Operating profit (loss)9901-€60,349-€13,195▲
Financial income75/76B€51,930€8,571▼
Recurring financial income75€51,930€8,571▼
Financial charges65/66B€5,810€10,052▲
Recurring financial charges65€5,810€10,052▲
Profit (loss) for the period before taxes9903-€14,229-€14,676▼
Income taxes67/77-€72,610
Profit (loss) for the period9904-€14,229-€87,286▼
Profit (loss) for the period to be appropriated9905-€14,229-€87,286▼
Appropriation of the result
Profit (loss) to be appropriated9906-€52,248-€139,533▼
Profit (loss) brought forward from the previous period14P-€38,019-€52,248▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40,193€2,893€1,533€1,170€1,170=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€121,138----
Other operating charges640/8-€35,055€973€5,398€8,875▲ 64.4%
Non-recurring operating charges66A-€55,000----
Gross operating margin9900-€30,920€273,590-€18,640-€53,782-€3,150▲ 94.1%
Operating profit (loss)9901-€142,174€59,503-€21,146-€60,349-€13,195▲ 78.1%
Financial income75/76B-€737€7,207€51,930€8,571▼ 83.5%
Recurring financial income75€24,602€737€7,207€51,930€8,571▼ 83.5%
Financial charges65/66B-€10,213€8,981€5,810€10,052▲ 73.0%
Recurring financial charges65€10,459€10,213€8,981€5,810€10,052▲ 73.0%
Profit (loss) for the period before taxes9903-€65,031€50,027-€22,920-€14,229-€14,676▼ 3.1%
Income taxes67/77€95---€72,610-
Profit (loss) for the period9904-€65,126€50,027-€22,920-€14,229-€87,286▼ 513%
Profit (loss) for the period to be appropriated9905-€65,126€50,027-€22,920-€14,229-€87,286▼ 513%
Line20212022202320242025Change
Assets
Total assets20/58€664,773€429,636€432,400€287,964€291,007▲ 1.1%
Fixed assets21/28€117,286€9,893€8,360€7,190€6,020▼ 16.3%
Tangible fixed assets22/27€112,436€5,043€3,510€2,340€1,170▼ 50.0%
Plant, machinery and equipment23-€363----
Leasing and similar rights25-€4,680€3,510€2,340€1,170▼ 50.0%
Financial fixed assets28€4,850€4,850€4,850€4,850€4,850=
Current assets29/58€547,487€419,743€424,040€280,774€284,987▲ 1.5%
Amounts receivable within one year40/41€544,648€337,432€338,196€184,180€184,180=
Trade receivables40-€190,695€190,695€27,280€27,280=
Other amounts receivable41-€146,737€147,501€156,900€156,900=
Cash at bank and in hand54/58€2,718€81,575€77,900€80,354€75,996▼ 5.4%
Deferred charges and accrued income490/1-€737€7,944€16,240€24,811▲ 52.8%
Equity and liabilities
Total equity and liabilities10/49€664,773€429,636€432,400€287,964€291,007▲ 1.1%
Equity10/15€126,963€176,990€154,070€139,842€52,556▼ 62.4%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€173,489€173,489€173,489€173,489€173,489=
Non-distributable reserves130/1-€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311-€1,860€1,860€1,860€1,860=
Distributable reserves133-€171,629€171,629€171,629€171,629=
Profit (loss) carried forward14-€65,126-€15,099-€38,019-€52,248-€139,533▼ 167%
Amounts payable17/49€537,810€252,646€278,329€148,123€238,451▲ 61.0%
Amounts payable after more than one year17€16,352€101,052€101,052€101,052€101,052=
Financial debts170/4-€101,052€101,052€101,052€101,052=
Amounts payable within one year42/48€521,458€151,594€177,277€47,071€137,399▲ 192%
Financial debts43-€78,770€79,058-€31-
Credit institutions430/8-€78,770€79,058-€31-
Trade debts44€416,239€22,122€35,418€25,777€10,777▼ 58.2%
Suppliers440/4-€22,122€35,418€25,777€10,777▼ 58.2%
Taxes, remuneration and social security45-€21,294€21,294€21,294€112,762▲ 430%
Taxes450/3-€21,294€21,294€21,294€112,762▲ 430%
Other amounts payable47/48-€29,408€41,508-€13,830-
Line20212022202320242025Change
Profit (loss) for the period9904-€65,126€50,027-€22,920-€14,229-€87,286▼ 513%
+ Depreciation and write-downs630€40,193€2,893€1,533€1,170€1,170=
Operating cash flow (approximation)-€24,933€52,920-€21,386-€13,059-€86,116▼ 559%
Investment in fixed assets (approximation)-€104,500€0€0€0-
Change in cash-€78,857-€3,675€2,455-€4,358▼ 278%

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 31-10-2026
2025
31-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
10-06
KBO administration UBO non-compliance
event 26-05-2025
02-06
KBO administration UBO non-compliance
event 22-05-2025
16-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 197 days late
16-05
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 563 days late
16-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 928 days late
31-03
Financial Weakest financial yearnet -€87,286
Net result drops to -€87,286, the lowest in the series.
17-03
Bankruptcy Judicial dissolution, liquidator appointed
Tribunal de l’entreprise du Hainaut, division Tournai · event 11-03-2025
2024
31-03
Financial Liquidity doublescurrent ratio 5.96
Current ratio from 2.39 to 5.96; short-term debt falls from €177,277 to €47,071.
2022
31-03
Financial Back to profitnet €50,027
Net result €50,027 after one loss-making year.
31-03
Financial Liquidity triplescurrent ratio 2.77
Current ratio from 1.05 to 2.77; short-term debt falls from €521,458 to €151,594.
31-03
Financial Equity above €150,000Eq €176,990 ▲39.4%
Equity rises from €126,963 to €176,990.
Show earlier events
2021
03-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2020
30-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial Highest result since 2019net €201,097 ▲123%
Operating result €139,251, net result €201,097, both a record.
31-03
Financial Equity above €200,000Eq €207,910 ▲819%
2 profitable years in a row build equity to €207,910.
2019
31-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
08-02
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 100 days late
2017
31-10
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2016
05-10
NBB filing Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Mont-de-l'Enclus · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
1,790 m²
Building footprint
454 m²
Volume, LiDAR
2,599 m³
2 parcels, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bailliagestraat(D) 5, 7711 Mouscron
NACE 01123
since 20022.114.088.571
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
54003T0561/00C000 Wallonia 1,527 m² 1 · 188 m² 7.7 m · 2 fl.
57001A0429/00G000 Wallonia 262 m² 1 · 265 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded17-07-2002
Fiscal year end31-03
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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

Register as of 30 September 2026 · Peppol Directory

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