Financials
- Financial year
- 2025
- Turnover
- €307.6m
- Profit
- €654,324
- Solvency
- 1.4%
Turnover▲ 2.0%
Net result
20182025
DELAWARE CONSULTING
ActiveSummary
DELAWARE CONSULTING has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €654,324. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 3,799 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Activity
Business and other management consultancy
NACE 70200Computer consultancy and computer facilities management NACE 62200
Largest employer in West Flanders, Head offices and management consultancy sector6 sites
Size
€307.6mturnover 2025
- Staff
- 1,478.2 FTE
- Equity
- €2.1m
- Profit
- €654,324
Structure
- Largest shareholder
- Delaware Consulting International · 40%
- Board
- 34 members
- Holdings
- 2
Auditor: BV MOORE AUDITAccounts 60 days early7 of 81 deeds read
Why 79raises riskEquity €2.1m (1.4% of total assets)Liquidity: current ratio 1.39, cash €6.3m6 establishment unitslowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Score 2025
79
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 23% of its sector peers (NACE 70, large)
Financial strength · tick = 2024
Weak
Solvency
26=
equity 1.4% of total assets
Liquidity
19+3
short-term debt 68.0% · cash 4.1%
Profitability
34+1
return on assets 0.4%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%
12-2024: 0.6%● unchanged vs 11-2024
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.6%▼ -0.1 percentage points vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026highest value
07-2026: 0.5%▼ -0.2 percentage points vs 06-2026lowest value
08-2026: 0.5%● unchanged vs 07-2026lowest value
09-2026: 0.5%● unchanged vs 08-2026lowest value
10-2026: 0.5%● unchanged vs 09-2026lowest value
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.39, compared with 1.4 in 2024, below the usual 1.5; short-term debt: 68% and cash: 4.1% of total assets), and 98.6% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, large): better than 5% on solvency, 10% on liquidity, 34% on profitability and 42% on growth.
The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 3799 sector peers (2025).
NBB · sector comparisonPosition among 3799 sector peers
Solvency
better than 9%
← weakest
strongest →
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 days early
2024
62 days early
2023
51 days early
2022
77 days early
2021
58 days early
2020
43 days early
2019
21 days 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 53 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
13-10-2026 today31-12-2026 year end31-07-2027 deadline
- Resignation: FELIX DE CLERCQ CONSULTING BV…Appointment: VS ADVISORY BV (d…
- Resignation: FELIX DE CLERCQ CONSULTING BV…Permanent representatives: Felix De Clercq…
- Purpose · RestructuringPower of attorney · Merger…
Key points
- Caution: Among the weakest 10% on solvencysector median 53.3% · 3,799 companies 1.4% View
- Positive: 7 years of growth in a rowturnover 2025: €307.6m 7 years View
- Board changedlatest change 01-07-2026 · 34 in office 23 joined · 7 left View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Merger with ML2Growmerger on 08-07-2026 2026 View
- Flemish supportawarded from 2022 to 2025 €730,621 View
- Positive: Result rose in 2025from €506,665 to €654,324 ▲ 29.1% View
- Known shareholderslargest: Delaware Consulting International 40% 40% View
By topic
Board & ownership
- Board
- 34 members
- Largest shareholder
- Delaware Consulting International · 40%
- Known shareholders
- 40%
- Auditor
- BV MOORE AUDIT
- Andy MarysDirector
- Catherina WellensDirector
- CONSTANTINO DE GRAEVEDirector
- Decleire consultingDirector
- DIGIT/ALDirector
and 29 other directors
Network & group
- Subsidiaries
- 1
- Holdings
- 2
- Connected companies
- 1
- Mergers and asset contributions
- 1
2 holdings
Timeline
- Events
- 33
- Since
- 2004
- Next accounts
- by 31-07-2027
- 10-06-2026Appointments: Kenny Vanleeuwen BV, Andy Marys BV…
- 01-06-2026Annual accounts filed
- 28-04-2026Miscellaneous
Company details
- Sites
- 6
- Legal form
- Cooperative company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 18-12-2002
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 11
- Annual meeting
- First Monday of May at 17:00
- Purpose
- “1. aandelen van vennootschappen en andere rechtspersonen te verwerven en in haar bezit te…” (deed in Dutch)
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