Delamo Construct
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 3 days after the deadline Filed on 3 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00029430.
Annual accounts 2025 filed on 03-02-2026 PDF all 4 filings
Amounts without an identifiable currency are taken as euros.
Every figure per financial year
The operating result for 2025 is a profit of €228,798, after a loss of €45,466 in 2024. It is the highest result since 2022.
- 2024 Equity +3,324%, Total assets +894% on 2023. Part of DELAMO CONSTRUCT received in a demerger, Official Gazette 12-06-2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | - | - | €72,163 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €44,633 |
| Financial fixed assets | - | - | - | €14,400 |
| Depreciation and write-downs of the year | €3,102 | - | €43,436 | €42,088 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €76,784 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,102 | - | €43,436 | €42,088 | ▼ 3.1% |
| Other operating charges640/8 | €348 | €1,200 | €663 | €5,756 | ▲ 769% |
| Gross operating margin9900 | €2,730 | €2,626 | -€1,367 | €353,425 | - |
| Operating profit (loss)9901 | -€719 | €1,426 | -€45,466 | €228,798 | - |
| Financial income75/76B | - | €159 | €948 | €14,996 | ▲ 16× |
| Recurring financial income75 | - | €159 | €948 | €14,996 | ▲ 16× |
| Financial charges65/66B | €142 | €393 | €302 | €13,801 | ▲ 46× |
| Recurring financial charges65 | €142 | €393 | €302 | €13,801 | ▲ 46× |
| Profit (loss) for the period before taxes9903 | -€860 | €1,192 | -€44,819 | €229,992 | - |
| Income taxes67/77 | - | €288 | €293 | €51,240 | ▲ 175× |
| Profit (loss) for the period9904 | -€860 | €904 | -€45,112 | €178,752 | - |
| Profit (loss) for the period to be appropriated9905 | -€860 | €904 | -€45,112 | €178,752 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €9,661 | €19,512 | €193,878 | €573,109 | ▲ 196% |
| Fixed assets21/28 | - | - | €127,380 | €144,325 | ▲ 13.3% |
| Intangible fixed assets21 | - | - | €350 | €39 | ▼ 88.9% |
| Tangible fixed assets22/27 | - | - | €127,030 | €129,886 | ▲ 2.2% |
| Plant, machinery and equipment23 | - | - | €67,920 | €82,632 | ▲ 21.7% |
| Furniture and vehicles24 | - | - | €53,933 | €37,519 | ▼ 30.4% |
| Other tangible fixed assets26 | - | - | €5,177 | €9,735 | ▲ 88.1% |
| Financial fixed assets28 | - | - | - | €14,400 | - |
| Current assets29/58 | €9,661 | €19,512 | €66,498 | €428,784 | ▲ 545% |
| Stocks and contracts in progress3 | - | - | €23,256 | €23,159 | ▼ 0.4% |
| Stocks30/36 | - | - | €23,256 | €23,159 | ▼ 0.4% |
| Amounts receivable within one year40/41 | €9,636 | €19,432 | €43,182 | €277,316 | ▲ 542% |
| Trade receivables40 | - | €16,840 | - | €193,673 | - |
| Other amounts receivable41 | €9,636 | €2,592 | €43,182 | €83,644 | ▲ 93.7% |
| Cash at bank and in hand54/58 | €25 | €80 | €60 | €122,161 | ▲ 2,051× |
| Deferred charges and accrued income490/1 | - | - | - | €6,147 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €9,661 | €19,512 | €193,878 | €573,109 | ▲ 196% |
| Equity10/15 | €2,640 | €3,543 | €121,325 | €300,077 | ▲ 147% |
| Contributions10/11 | €3,500 | €3,500 | €16,333 | €16,333 | = |
| Reserves13 | - | €43 | €104,992 | €283,744 | ▲ 170% |
| Tax-exempt reserves132 | - | - | €4,336 | €4,336 | = |
| Distributable reserves133 | - | €43 | €100,656 | €279,408 | ▲ 178% |
| Profit (loss) carried forward14 | -€860 | - | - | - | - |
| Amounts payable17/49 | €7,022 | €15,969 | €72,554 | €273,032 | ▲ 276% |
| Amounts payable after more than one year17 | - | - | €49,982 | €36,907 | ▼ 26.2% |
| Financial debts170/4 | - | - | €49,982 | €36,907 | ▼ 26.2% |
| Amounts payable within one year42/48 | €7,022 | €15,969 | €22,572 | €236,125 | ▲ 946% |
| Current portion of amounts payable after more than one year42 | - | - | €22,181 | €37,313 | ▲ 68.2% |
| Trade debts44 | €1,842 | €588 | €97 | €185,387 | ▲ 1,906× |
| Suppliers440/4 | €1,842 | €588 | €97 | €185,387 | ▲ 1,906× |
| Taxes, remuneration and social security45 | €5,179 | €8,325 | €293 | €13,425 | ▲ 46× |
| Taxes450/3 | €5,179 | €8,325 | €293 | €3,862 | ▲ 13× |
| Remuneration and social security454/9 | - | - | - | €9,563 | - |
| Other amounts payable47/48 | - | €7,055 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€860 | €904 | -€45,112 | €178,752 | - |
| + Depreciation and write-downs630 | €3,102 | - | €43,436 | €42,088 | ▼ 3.1% |
| Operating cash flow (approximation) | €2,241 | €904 | -€1,676 | €220,840 | - |
| Investment in fixed assets (approximation) | - | - | - | -€59,033 | - |
| Change in cash | - | €55 | -€20 | €122,102 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,782 companies had the same profile as Delamo Construct has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Delamo Construct itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,782 companies, not a prediction for Delamo Construct. 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.