DELARUE
ActiveDELARUE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €-17k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 13935 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-45
Solvency39▼-3
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.28 in 2024; short-term debt: 14.5% and cash: 0.9% of total assets), and 86.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
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 2025Solvency, return and age of the figures
Solvency
13.7%
Return on assets
-1.8%
Age of the figures
16 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 29-11-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
14 d early
2023
25 d early
2022
26 d early
2021
1 d early
2020
2 d early
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close17-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€129k▼ 11.7%
2024 · €147k
2019: €147k
2020: €147k
2021: €119k
2022: €20k
2023: €-41k
2024: €147k
2019 → 2025
Total assets
€944k▲ 9.1%
2024 · €866k
2019: €1.04M
2020: €1.04M
2021: €1.02M
2022: €972k
2023: €1.01M
2024: €866k
2019 → 2025
Net result
€-17k
2024 · €187k
2019: €186k
2020: €186k
2021: €-67k
2022: €-33k
2023: €-60k
2024: €187k
2019 → 2025
Working capital
€21k
2024 · €-317k
2019: €-388k
2020: €-413k
2021: €-512k
2022: €-536k
2023: €-629k
2024: €-317k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€119k-€20k▼ 83.5%€-41k€147k€129k▼ 11.7%
Operating result€-58k-€-21k▲ 64.0%€-43k▼ 108%€241k€-2k
Net result€-67k-€-33k▲ 50.9%€-60k▼ 84.9%€187k€-17k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €241k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €944k
Fixed assets
€786k▲ 6.0%
Current assets
€158k▲ 27.5%
Equity and liabilities €944k
Equity
€129k▼ 11.7%
Debt
€815k▲ 13.3%
The debt ratio rises from 83.1% to 86.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€63k▼
2024 · €296k
Cash flow
€47k▼
2024 · €243k
Solvency
13.7%▼
2024 · 16.9%
Current ratio
1.16▲
2024 · 0.28
Quick ratio
1.16▲
2024 · 0.28
Debt / equity
6.30▲
2024 · 4.90
ROE
-13.3%▼
2024 · 127.9%
ROA
-1.8%▼
2024 · 21.7%
Interest coverage
4.20▼
2024 · 8.70
Debt
€815k▲
2024 · €719k
Debt ≤ 1 year
€137k▼
2024 · €441k
Debt > 1 year
€675k▲
2024 · €274k
Income taxes
€466▼
2024 · €19k
Staff costs
€68k▲
2024 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€866k€944k▲
Fixed assets21/28€742k€786k▲
Tangible fixed assets22/27€742k€786k▲
Land and buildings22€733k€778k▲
Furniture and vehicles24€9k€8k▼
Current assets29/58€124k€158k▲
Amounts receivable within one year40/41€117k€148k▲
Other amounts receivable41€117k€148k▲
Cash at bank and in hand54/58€3k€8k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€866k€944k▲
Equity10/15€147k€129k▼
Contributions10/11€19k€19k=
Revaluation surpluses12€274k€274k=
Reserves13€376k€376k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€757€757=
Distributable reserves133€376k€376k=
Profit (loss) carried forward14€-523k€-541k▼
Amounts payable17/49€719k€815k▲
Amounts payable after more than one year17€274k€675k▲
Financial debts170/4€51k€44k▼
Other amounts payable178/9€223k€631k▲
Amounts payable within one year42/48€441k€137k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Financial debts43€33k€110k▲
Credit institutions430/8€33k€110k▲
Trade debts44€1k€886▼
Suppliers440/4€1k€886▼
Taxes, remuneration and social security45€32k€9k▼
Taxes450/3€20k€466▼
Remuneration and social security454/9€12k€9k▼
Other amounts payable47/48€368k€9k▼
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€62k€68k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€64k▲
Other operating charges640/8€15k€15k▲
Gross operating margin9900€373k€146k▼
Operating profit (loss)9901€241k€-2k▼
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€34k€15k▼
Recurring financial charges65€34k€15k▼
Profit (loss) for the period before taxes9903€207k€-17k▼
Income taxes67/77€19k€466▼
Profit (loss) for the period9904€187k€-17k▼
Profit (loss) for the period to be appropriated9905€187k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-336k€-541k▼
Profit (loss) brought forward from the previous period14P€-523k€-523k=
Transfer to equity691/2€187k€0▼
To other reserves6921€187k€0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-05
Financial
Liquidity quadruplescurrent ratio 1.16
Current ratio from 0.28 to 1.16; short-term debt falls from €441k to €137k.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-05
Financial
Back to profitnet €187k
Net result €187k after 3 loss-making years.
31-05
Financial
Equity above €100kEq €147k
Equity rises from €-41k to €147k.
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-05
Financial
Weakest financial yearnet €-67k ▼136%
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eedverbondkaai 1799000 GentGround area
164 m²
Building footprint
91 m²
Volume, LiDAR
1,449 m³
Parcel 44809I0829/00W002, Flanders · tallest building 18.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Eedverbondkaai 179, 9000 Gent
since 20022.115.326.213
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0829/00W002 | Flanders | 164 m² | 1 · 90 m² | 18.1 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DOCTEUR CATHERINE SCOTT
BE 0840.069.092
Schaarbeek · Eq €129k
VERRIEST VERZEKERT
BE 0406.744.358
Zwevegem · Eq €130k
GRECHA
BE 0847.560.561
Beauvechain · Eq €129k
LABEL 2000
BE 0465.701.651
Manage · Eq €129k
DIFICIO INVEST
BE 0651.725.776
Turnhout · Eq €129k
Of 12,014 companies in sector 68203 we hold annual accounts for 5,981. 3,975 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-06-2001
Fiscal year end31-05
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.