Equity
€1.3m from €19.5m in 2015
Equity fell by 93% in 11 years.
DELBACO
Lifetime
19 annual accounts with figures on one time axis, 48 filings since 1978peak €1.4m (2017)
€404,179▼ 47.7%
peak €2.9m (2023)
€130,285▼ 77.6%
peak €19.5m (2015)
€1.3m▼ 92.1%
€3.4m▼ 30.0%
peak 27 FTE (2018)
3.3 FTE▼ 53.5%
Board5 names since 2017
2 directors and 1 other
Documentsfilings and deeds
23-07-202639 days before the deadline
2026financial year
Turnover from €773,450 to €404,179Result from €582,483 to €130,285Staff from 7.1 FTE to 3.3 FTEDemerger: N.V. Delbaco splits off to FosCo 27-02Equity from €17.1m to €1.3mDebts from €4.8m to €3.4m
Key points
from the 2026 annual accountsInvestments
€132,599 0.3 × depreciation
Green is investment, beige is depreciation.
Staff
3.3 FTE from 27 in 2018
Between 2018 and 2026, 88% of the full-time equivalents disappeared.
Payment terms
39 days to suppliers
DELBACO pays its suppliers 98 days earlier than in 2025. Customers pay 197 days earlier.
Filings
48 annual accounts 62 filings since 1978
The last five annual accounts were filed 39 to 55 days before the end of the period.
Restructuring
2026
Branch transferred to FosCo. Contribution on 27-02-2026.
Standalone figures, without subsidiaries
Group, consolidated 31-01-2025: turnover €75.8m, result €407,678
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,984 companies had the same profile as DELBACO has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 3,984 companies, not a prediction for DELBACO. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Demerger: N.V. Delbaco splits off to FosCo
Capital decrease of €5,361,342.32 to €595,715.93 · Capital from €5,957,058.25 to €595,715.93 · Gazette deed
Demerger proposal: Maatschap DELBACO splits off to FOSCO N.V.
The company holds 99.98% of the shares of · The company holds 100% of the shares of · The company holds 99.5% of the shares of · Gazette deed
Resignation: (director)
General meeting of 20-06-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0415427937
Comparable companies
same main activity, similar in size and ageGrey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as DELBACO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €3.2m and €5.8m, founded between 1977 and 1996.
Official details
Source: KBO- Status
- Active since 23-09-1975Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 31-01-2025
- Establishment unit
- 2.038.272.5798540 Deerlijk, since 01-09-1975
- Financial year end
- 31 January
- Peppol
- Reachable since 03-09-2024
Annual accounts to 31-01-2026
- €1.2m▼ 32.5%
- €5.1m▼ 77.2%
- Employeeson 31-01-2026
- 0▼ 100%
- Filing
- Filed on 23-07-2026, 39 days before the end of the filing period
Insights on DELBACO
DELBACO has existed since 1975. Turnover fell from €843,000 in 2010 to €404,179 in 2026 and staff from 12.6 to 3.3 full-time equivalents.
Solvency fell in 2026 from 76.4% to 26.4%.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DELBACO
- What is the company number of DELBACO?
- The company number of DELBACO is 0415.427.937. The VAT number is the same number with BE in front: BE 0415.427.937.
- Where is DELBACO based?
- The registered office is at Hoog Mosscher 82, 8500 Kortrijk.Company details
- What does DELBACO do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of DELBACO?
- DELBACO is a public limited company (NV).
- When was DELBACO founded?
- DELBACO was founded on 23-09-1975.
- Is DELBACO still active?
- Yes, DELBACO is an active enterprise in the KBO register.
- How many employees does DELBACO have?
- DELBACO had an average of 3.3 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does DELBACO fall under?
- In its 31-01-2025 annual accounts, DELBACO states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of DELBACO?
- The turnover of DELBACO was €404,179 in financial year 2026, according to the filed annual accounts.
- Is DELBACO profitable?
- In financial year 2026, DELBACO made a profit of €130,285.
- Where can I find the annual accounts of DELBACO?
- DELBACO filed 62 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of DELBACO due?
- DELBACO must file the annual accounts for financial year 2027 by 31-08-2027.Timeline
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