DELBAR
ActiveSummary
DELBAR has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.2m and a net result of €667,050. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 4235 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-3
Solvency93▲+2
Growth51▼-19
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,400,000 at 30 days acceptable
Liquidity ample (current ratio 3.01 against 2.86 in 2024; short-term debt: 29.9% and cash: 5% of total assets), and 31.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
68.5%
Return on assets
2.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
17 d early
2023
15 d early
2022
11 d early
2021
24 d early
2020
30 d late
2019
1 d 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 8 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by equity in Menen, Wholesale and retail trade sector#2 oldest company in Menen, Wholesale and retail trade sector#3 company by total assets in Menen, Wholesale and retail trade sector
Turnover
€57.2m▼ 2.5%
2024 · €58.7m
EBIT margin
1.1%▼ 1.4pp
2024 · 2.5%
Net result
€667,050▼ 38.0%
2024 · €1.1m
Working capital
€16.8m▲ 3.1%
2024 · €16.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€48.1m-€48.4m▲ 0.6%€69.4m▲ 43.3%€58.7m▼ 15.4%€57.2m▼ 2.5%
Operating result€487,084-€1.5m▲ 217%€2.3m▲ 51.4%€1.5m▼ 37.6%€609,387▼ 58.2%
Net result€395,429above the sector's middle half-€1.2mabove the sector's middle half▲ 202%€1.7mabove the sector's middle half▲ 42.8%€1.1mabove the sector's middle half▼ 36.9%€667,050above the sector's middle half▼ 38.0%
EBIT margin1.0%-3.2%▲ 2.2pp3.4%▲ 0.2pp2.5%▼ 0.9pp1.1%▼ 1.4pp
Equity€16.3mabove the sector's middle half-€16.9mabove the sector's middle half▲ 4.2%€17.8mabove the sector's middle half▲ 5.3%€18.5mabove the sector's middle half▲ 3.8%€19.2mabove the sector's middle half▲ 3.6%
Total assets€19.5mabove the sector's middle half-€23.3mabove the sector's middle half▲ 19.5%€22.9mabove the sector's middle half▼ 1.8%€27.9mabove the sector's middle half▲ 21.8%€28.0mabove the sector's middle half▲ 0.3%
Debt€3.3m-€6.4m▲ 94.8%€5.1m▼ 20.6%€9.4m▲ 84.8%€8.8m▼ 6.1%
Working capital€14.7mabove the sector's middle half-€15.9mabove the sector's middle half▲ 8.0%€16.8mabove the sector's middle half▲ 5.5%€16.3mabove the sector's middle half▼ 2.6%€16.8mabove the sector's middle half▲ 3.1%
Solvency83.2%above the sector's middle half-72.6%above the sector's middle half▼ 10.6pp77.8%above the sector's middle half▲ 5.3pp66.3%above the sector's middle half▼ 11.5pp68.5%above the sector's middle half▲ 2.2pp
Current ratio5.80above the sector's middle half-3.72above the sector's middle half▼ 2.084.88above the sector's middle half▲ 1.162.86above the sector's middle half▼ 2.023.01above the sector's middle half▲ 0.15
Return on assets (ROA)2.0%within the sector's middle half-5.1%within the sector's middle half▲ 3.1pp7.4%within the sector's middle half▲ 2.3pp3.9%within the sector's middle half▼ 3.6pp2.4%within the sector's middle half▼ 1.5pp
Staff (FTE)49.5above the sector's middle half-46.8above the sector's middle half▼ 5.5%50.6above the sector's middle half▲ 8.1%53.1above the sector's middle half▲ 4.9%56.9above the sector's middle half▲ 7.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28.0m
Fixed assets
€2.8m ▼ 0.3%
Current assets
€25.2m ▲ 0.4%
Equity and liabilities €28.0m
Equity
€19.2m ▲ 3.6%
Debt
€8.8m ▼ 6.1%
Debt's share of the balance-sheet total falls from 33.7% to 31.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.2m▼
2024 · €2.0m
Cash flow
€1.3m▼
2024 · €1.6m
Quick ratio
1.54▼
2024 · 1.64
Debt to equity
0.46▼
2024 · 0.51
ROE
3.5%▼
2024 · 5.8%
Interest coverage
7015.43▲
2024 · 15.08
Debt ≤ 1 year
€8.4m▼
2024 · €8.8m
Income taxes
€201,238▼
2024 · €238,335
Staff costs
€3.8m▲
2024 · €3.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,860 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €48.5m | €48.8m | €69.8m | €59.3m | €58.0m | ▼ 2.2% |
| Turnover70 | €48.1m | €48.4m | €69.4m | €58.7m | €57.2m | ▼ 2.5% |
| Other operating income74 | €415,272 | €395,130 | €491,852 | €672,331 | €827,967 | ▲ 23.1% |
| Non-recurring operating income76A | €0 | - | - | - | €28 | - |
| Operating charges60/66A | €48.1m | €47.3m | €67.5m | €57.9m | €57.4m | ▼ 0.8% |
| Goods for resale, raw materials and consumables60 | €42.2m | €41.3m | €60.7m | €50.6m | €49.0m | ▼ 3.1% |
| Purchases600/8 | €39.0m | €47.9m | €60.7m | €49.8m | €50.6m | ▲ 1.5% |
| Change in stocks: decrease (increase)609 | €3.1m | -€6.6m | €32,789 | €764,275 | -€1.6m | ▼ 307% |
| Services and other goods61 | €2.7m | €2.9m | €3.2m | €3.3m | €3.6m | ▲ 10.1% |
| Remuneration, social security and pensions62 | €2.7m | €2.6m | €3.0m | €3.3m | €3.8m | ▲ 14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €425,345 | €418,077 | €426,275 | €549,406 | €593,689 | ▲ 8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€127,753 | -€10,589 | €49,438 | -€30,731 | -€10,123 | ▲ 67.1% |
| Other operating charges640/8 | €87,500 | €79,238 | €123,494 | €136,009 | €384,555 | ▲ 183% |
| Non-recurring operating charges66A | €100,174 | €0 | €2,905 | €630 | €0 | ▼ 100% |
| Operating profit (loss)9901 | €487,084 | €1.5m | €2.3m | €1.5m | €609,387 | ▼ 58.2% |
| Financial income75/76B | €75,792 | €3,097 | €25,190 | €22,314 | €318,288 | ▲ 1,326% |
| Recurring financial income75 | €4,963 | €2,082 | €6,783 | €22,314 | €288,316 | ▲ 1,192% |
| Income from current assets751 | €800 | €285 | €39 | €5,225 | €59,468 | ▲ 1,038% |
| Other financial income752/9 | €4,163 | €1,798 | €6,744 | €17,089 | €228,848 | ▲ 1,239% |
| Non-recurring financial income76B | €70,829 | €1,015 | €18,407 | €0 | €29,972 | ▲ 59,943,660% |
| Financial charges65/66B | €75,082 | €116,761 | €346,431 | €164,616 | €59,387 | ▼ 63.9% |
| Recurring financial charges65 | €75,082 | €69,557 | €292,616 | €155,856 | €42,093 | ▼ 73.0% |
| Debt charges650 | €54,095 | €54,126 | €273,773 | €133,046 | €171 | ▼ 99.9% |
| Other financial charges652/9 | €20,987 | €15,432 | €18,843 | €22,810 | €41,921 | ▲ 83.8% |
| Non-recurring financial charges66B | - | €47,203 | €53,815 | €8,760 | €17,294 | ▲ 97.4% |
| Profit (loss) for the period before taxes9903 | €487,794 | €1.4m | €2.0m | €1.3m | €868,288 | ▼ 34.0% |
| Income taxes67/77 | €92,364 | €234,876 | €309,816 | €238,335 | €201,238 | ▼ 15.6% |
| Taxes670/3 | €92,364 | €234,876 | €309,816 | €238,335 | €201,238 | ▼ 15.6% |
| Profit (loss) for the period9904 | €395,429 | €1.2m | €1.7m | €1.1m | €667,050 | ▼ 38.0% |
| Transfer from tax-exempt reserves789 | €279,000 | €292,982 | €27,418 | €202,080 | €25,260 | ▼ 87.5% |
| Transfer to tax-exempt reserves689 | - | €336,800 | €378,900 | €294,700 | €252,600 | ▼ 14.3% |
| Profit (loss) for the period to be appropriated9905 | €674,429 | €1.2m | €1.4m | €983,699 | €439,710 | ▼ 55.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.5m | €23.3m | €22.9m | €27.9m | €28.0m | ▲ 0.3% |
| Fixed assets21/28 | €1.8m | €1.6m | €1.9m | €2.8m | €2.8m | ▼ 0.3% |
| Intangible fixed assets21 | €8,412 | €5,103 | €1,795 | €673 | €7,950 | ▲ 1,081% |
| Tangible fixed assets22/27 | €1.8m | €1.6m | €1.9m | €2.8m | €2.8m | ▼ 0.6% |
| Plant, machinery and equipment23 | €255,989 | €325,343 | €272,775 | €636,439 | €533,019 | ▼ 16.2% |
| Furniture and vehicles24 | €1.2m | €1.0m | €1.3m | €1.7m | €1.8m | ▲ 7.8% |
| Other tangible fixed assets26 | €292,170 | €276,770 | €233,109 | €506,239 | €463,486 | ▼ 8.4% |
| Current assets29/58 | €17.8m | €21.7m | €21.1m | €25.1m | €25.2m | ▲ 0.4% |
| Stocks and contracts in progress3 | €4.9m | €11.5m | €11.4m | €10.7m | €12.3m | ▲ 14.9% |
| Stocks30/36 | €4.9m | €11.5m | €11.4m | €10.7m | €12.3m | ▲ 14.9% |
| Goods purchased for resale34 | €4.9m | €11.5m | €11.4m | €10.7m | €12.3m | ▲ 14.9% |
| Amounts receivable within one year40/41 | €6.3m | €8.1m | €7.7m | €13.0m | €11.4m | ▼ 12.5% |
| Trade receivables40 | €693,339 | €2.1m | €2.1m | €1.5m | €2.4m | ▲ 58.8% |
| Other amounts receivable41 | €5.6m | €6.0m | €5.6m | €11.5m | €9.0m | ▼ 22.0% |
| Current investments50/53 | €750,000 | €750,000 | €750,000 | €750,000 | €0 | ▼ 100% |
| Other investments51/53 | €750,000 | €750,000 | €750,000 | €750,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €5.8m | €1.3m | €1.2m | €559,266 | €1.4m | ▲ 152% |
| Deferred charges and accrued income490/1 | €34,606 | €63,661 | €46,079 | €81,979 | €127,384 | ▲ 55.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.5m | €23.3m | €22.9m | €27.9m | €28.0m | ▲ 0.3% |
| Equity10/15 | €16.3m | €16.9m | €17.8m | €18.5m | €19.2m | ▲ 3.6% |
| Contributions10/11 | €60,781 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €60,781 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €60,781 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €16.2m | €16.9m | €17.8m | €18.5m | €19.1m | ▲ 3.6% |
| Non-distributable reserves130/1 | €6,078 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,078 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | €334,697 | €378,515 | €729,997 | €822,618 | €1.0m | ▲ 27.6% |
| Distributable reserves133 | €15.9m | €16.5m | €17.0m | €17.6m | €18.1m | ▲ 2.5% |
| Amounts payable17/49 | €3.3m | €6.4m | €5.1m | €9.4m | €8.8m | ▼ 6.1% |
| Amounts payable within one year42/48 | €3.1m | €5.8m | €4.3m | €8.8m | €8.4m | ▼ 4.6% |
| Financial debts43 | €0 | €500,000 | €75,000 | €0 | - | - |
| Credit institutions430/8 | €0 | €500,000 | €75,000 | €0 | - | - |
| Trade debts44 | €652,523 | €956,593 | €1.6m | €2.8m | €5.0m | ▲ 80.5% |
| Suppliers440/4 | €652,523 | €956,593 | €1.6m | €2.8m | €5.0m | ▲ 80.5% |
| Advances received on contracts in progress46 | €628,818 | €1.9m | €110,245 | €113,568 | €505,894 | ▲ 345% |
| Taxes, remuneration and social security45 | €325,886 | €424,833 | €336,603 | €381,617 | €439,287 | ▲ 15.1% |
| Taxes450/3 | €16,174 | €70,218 | €42,620 | €50,184 | €38,493 | ▼ 23.3% |
| Remuneration and social security454/9 | €309,712 | €354,615 | €293,984 | €331,433 | €400,794 | ▲ 20.9% |
| Other amounts payable47/48 | €1.5m | €2.1m | €2.2m | €5.5m | €2.4m | ▼ 56.5% |
| Accrued charges and deferred income492/3 | €221,925 | €566,794 | €764,933 | €601,147 | €434,985 | ▼ 27.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €395,429 | €1.2m | €1.7m | €1.1m | €667,050 | ▼ 38.0% |
| + Depreciation and write-downs630 | €425,345 | €418,077 | €426,275 | €549,406 | €593,689 | ▲ 8.1% |
| Operating cash flow (approximation) | €820,774 | €1.6m | €2.1m | €1.6m | €1.3m | ▼ 22.5% |
| Investment in fixed assets (approximation) | - | -€268,895 | -€653,257 | -€1.5m | -€585,159 | ▲ 61.0% |
| Change in cash | - | -€4.5m | -€96,011 | -€617,570 | €849,570 | ▲ 238% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.7m ▲42.8%
Operating result €2.3m, net result €1.7m, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €395,429 ▼31.8%
Net result drops to €395,429, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
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.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Menen · 2 establishment units since 1971
Ground area
1,032 m²
Building footprint
393 m²
Volume, LiDAR
2,841 m³
2 parcels, Flanders, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Gentstraat 97, 8930 Menen
since 19712.005.250.118
Gentsesteenweg 2, 7700 Mouscron
since 19712.005.250.217
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34032B0576/00X000 | Flanders | 551 m² | 1 · 282 m² | 10.0 m · 2 fl. |
| 54436A0326/00S006 | Wallonia | 481 m² | 1 · 111 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- AVUS SALES EN SERVICES
- DELBAR
Highest known parent: AVUS SALES EN SERVICES. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 808 EUR awarded · 808 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 808 EUR | 808 EUR |
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Of 10,664 companies in sector 47811 we hold annual accounts for 5,226. 528 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-02-1971
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46620Wholesale of machine tools
47300Retail sale of automotive fuel
64910Financial service activities, except insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0408080780
Registered
15-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.