DELBAEN
ActiveDELBAEN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €237k and a net result of €3k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 84% of 198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent▼ -16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-41
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 5.56 against 48.8 in 2024), and 17.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.7%
Return on assets
1.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
42 d early
2023
43 d early
2022
29 d early
2021
25 d early
2020
27 d early
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€237k▼ 21.6%
2024 · €302k
2019: €344k
2020: €353k
2021: €388k
2022: €426k
2023: €273k
2024: €302k
2019 → 2025
Total assets
€287k▼ 7.0%
2024 · €308k
2019: €359k
2020: €361k
2021: €402k
2022: €448k
2023: €285k
2024: €308k
2019 → 2025
Net result
€3k▼ 88.8%
2024 · €29k
2019: €43k
2020: €9k
2021: €35k
2022: €38k
2023: €6k
2024: €29k
2019 → 2025
Working capital
€227k▼ 20.8%
2024 · €286k
2019: €317k
2020: €344k
2021: €386k
2022: €423k
2023: €271k
2024: €286k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€388k-€426k▲ 9.8%€273k▼ 35.8%€302k▲ 10.6%€237k▼ 21.6%
Operating result€49k-€60k▲ 20.8%€9k▼ 84.6%€41k▲ 351%€13k▼ 68.1%
Net result€35k-€38k▲ 7.8%€6k▼ 84.9%€29k▲ 406%€3k▼ 88.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €287k
Fixed assets
€10k▼ 36.3%
Current assets
€277k▼ 5.4%
Equity and liabilities €287k
Equity
€237k▼ 21.6%
Debt
€50k▲ 731%
The debt ratio rises from 1.9% to 17.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€19k▼
2024 · €44k
Cash flow
€9k▼
2024 · €31k
Solvency
82.7%▼
2024 · 98.1%
Current ratio
5.56▼
2024 · 48.80
Quick ratio
5.03▼
2024 · 46.72
Debt / equity
0.21▲
2024 · 0.02
ROE
1.4%▼
2024 · 9.6%
ROA
1.1%▼
2024 · 9.4%
Interest coverage
2.44▼
2024 · 40.04
Debt
€50k▲
2024 · €6k
Debt ≤ 1 year
€50k▲
2024 · €6k
Income taxes
€2k▼
2024 · €11k
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€308k€287k▼
Fixed assets21/28€16k€10k▼
Tangible fixed assets22/27€16k€10k▼
Plant, machinery and equipment23€1k€855▼
Furniture and vehicles24€15k€9k▼
Financial fixed assets28€135€135=
Current assets29/58€292k€277k▼
Stocks and contracts in progress3€12k€26k▲
Stocks30/36€12k€26k▲
Amounts receivable within one year40/41€17k€34k▲
Trade receivables40€11k€21k▲
Other amounts receivable41€6k€13k▲
Cash at bank and in hand54/58€263k€216k▼
Equity and liabilities
Total equity and liabilities10/49€308k€287k▼
Equity10/15€302k€237k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€284k€219k▼
Distributable reserves133€284k€219k▼
Amounts payable17/49€6k€50k▲
Amounts payable within one year42/48€6k€50k▲
Trade debts44-€79
Suppliers440/4-€79
Taxes, remuneration and social security45€6k€918▼
Taxes450/3€6k€918▼
Other amounts payable47/48-€49k
Income statement
Code20242025
Remuneration, social security and pensions62€17-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€6k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€49k€24k▼
Operating profit (loss)9901€41k€13k▼
Financial income75/76B€85€13▼
Recurring financial income75€85€13▼
Financial charges65/66B€1k€8k▲
Recurring financial charges65€1k€8k▲
Profit (loss) for the period before taxes9903€40k€5k▼
Income taxes67/77€11k€2k▼
Profit (loss) for the period9904€29k€3k▼
Profit (loss) for the period to be appropriated9905€29k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€3k▼
Transfer from equity791/2-€69k
Transfer to equity691/2€29k€3k▼
To other reserves6921€29k€3k▼
Profit to be distributed694/7-€69k
Return on contributions (dividend)694-€69k
The notes to these accounts (6 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
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €3k ▼88.8%
Net result drops to €3k, the lowest in the series.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Liquidity doublescurrent ratio 45.28
Current ratio from 22.24 to 45.28; short-term debt falls from €15k to €8k.
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-01
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
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, Sint-Niklaas · 1 establishment unit since 2005
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.
Heihoekstraat 939100 Sint-NiklaasGround area
269 m²
Building footprint
99 m²
Volume, LiDAR
581 m³
Parcel 46017B0079/00K000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Delbaen
since 20052.148.108.649
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46017B0079/00K000 | Flanders | 269 m² | 1 · 99 m² | 7.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 279 EUR awarded · 279 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 135 EUR | 135 EUR |
| 2024 | 1 | 96 EUR | 96 EUR |
| 2023 | 1 | 48 EUR | 48 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Cover Flooring BE
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Of 209 companies in sector 13100 we hold annual accounts for 138. 76 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2005
Fiscal year end30-06
Activities, NACEBEL
13100Manufacture of textiles
17140
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.