DELBART IVAN
ActiveSummary
DELBART IVAN has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,586) and a net result of -€19,546. Equity is shrinking by ~45.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-97
Solvency22▼-33
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 0.98 in 2024; short-term debt: 102.7% and cash: 4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-2.7%
Return on assets
-33.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€1,586
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
20 d late
2024
77 d early
2023
29 d late
2022
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€1,586
2024 · €17,960
Total assets
€59,044▼ 1.8%
2024 · €60,125
Net result
-€19,546
2024 · €13,683
Working capital
-€15,595▼ 1,463%
2024 · -€998
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€16,584--€5,995€21,064-€17,085
Net result€11,212--€8,436€13,683-€19,546
Equity€12,712-€4,277▼ 66.4%€17,960▲ 320%-€1,586
Total assets€159,082-€58,453▼ 63.3%€60,125▲ 2.9%€59,044▼ 1.8%
Debt€146,370-€54,176▼ 63.0%€42,165▼ 22.2%€60,630▲ 43.8%
Working capital€10,049-€3,406▼ 66.1%-€998-€15,595▼ 1,463%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Total assets -63% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17,085 after €21,064 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59,044
Fixed assets
€14,008 ▼ 26.1%
Current assets
€45,035 ▲ 9.4%
Key figures and ratios
EBITDA
-€12,135▼
2024 · €25,108
Cash flow
-€14,597▼
2024 · €17,727
Solvency
-2.7%▼
2024 · 29.9%
Current ratio
0.74▼
2024 · 0.98
Debt to equity
-38.22▼
2024 · 2.35
ROA
-33.1%▼
2024 · 22.8%
Interest coverage
-4.88▼
2024 · 8.85
Debt ≤ 1 year
€60,630▲
2024 · €42,165
Income taxes
-€3▼
2024 · €4,730
Staff costs
€76,607▲
2024 · €41,775
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.2%
went bankrupt
5.4%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 7,663 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | €20,315 | €64,906 | €41,775 | €76,607 | ▲ 83.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €493 | €631 | €4,044 | €4,949 | ▲ 22.4% |
| Other operating charges640/8 | €18,231 | €1,186 | €685 | €14,278 | ▲ 1,986% |
| Non-recurring operating charges66A | - | €0 | - | - | - |
| Gross operating margin9900 | €55,623 | €60,728 | €67,567 | €78,750 | ▲ 16.5% |
| Operating profit (loss)9901 | €16,584 | -€5,995 | €21,064 | -€17,085 | ▼ 181% |
| Financial income75/76B | €91 | €117 | €187 | €24 | ▼ 87.0% |
| Recurring financial income75 | €91 | €117 | €187 | €24 | ▼ 87.0% |
| Non-recurring financial income76B | - | €0 | - | - | - |
| Financial charges65/66B | €1,344 | €2,563 | €2,838 | €2,489 | ▼ 12.3% |
| Recurring financial charges65 | €1,344 | €2,563 | €2,838 | €2,489 | ▼ 12.3% |
| Non-recurring financial charges66B | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €15,332 | -€8,440 | €18,413 | -€19,549 | ▼ 206% |
| Income taxes67/77 | €4,120 | -€5 | €4,730 | -€3 | ▼ 100% |
| Profit (loss) for the period9904 | €11,212 | -€8,436 | €13,683 | -€19,546 | ▼ 243% |
| Profit (loss) for the period to be appropriated9905 | €11,212 | -€8,436 | €13,683 | -€19,546 | ▼ 243% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €159,082 | €58,453 | €60,125 | €59,044 | ▼ 1.8% |
| Formation expenses20 | - | €0 | - | - | - |
| Fixed assets21/28 | €2,663 | €871 | €18,958 | €14,008 | ▼ 26.1% |
| Intangible fixed assets21 | - | - | €16,855 | €12,855 | ▼ 23.7% |
| Tangible fixed assets22/27 | €2,663 | €871 | €2,103 | €1,154 | ▼ 45.1% |
| Plant, machinery and equipment23 | - | €0 | - | - | - |
| Furniture and vehicles24 | €2,663 | €871 | €2,103 | €1,154 | ▼ 45.1% |
| Leasing and similar rights25 | - | €0 | - | - | - |
| Other tangible fixed assets26 | - | €0 | - | - | - |
| Assets under construction and advance payments27 | - | €0 | - | - | - |
| Current assets29/58 | €156,419 | €57,582 | €41,167 | €45,035 | ▲ 9.4% |
| Amounts receivable within one year40/41 | €156,419 | €55,266 | €38,917 | €42,662 | ▲ 9.6% |
| Trade receivables40 | €156,419 | €55,266 | €36,796 | €42,662 | ▲ 15.9% |
| Other amounts receivable41 | - | - | €2,122 | - | - |
| Cash at bank and in hand54/58 | - | €2,316 | €2,250 | €2,373 | ▲ 5.5% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €159,082 | €58,453 | €60,125 | €59,044 | ▼ 1.8% |
| Equity10/15 | €12,712 | €4,277 | €17,960 | -€1,586 | ▼ 109% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | - | - | €12,500 | €12,500 | = |
| Distributable reserves133 | - | - | €12,500 | €12,500 | = |
| Profit (loss) carried forward14 | €11,212 | €2,777 | €3,960 | -€15,586 | ▼ 494% |
| Amounts payable17/49 | €146,370 | €54,176 | €42,165 | €60,630 | ▲ 43.8% |
| Amounts payable within one year42/48 | €146,370 | €54,176 | €42,165 | €60,630 | ▲ 43.8% |
| Financial debts43 | €13,206 | €14,292 | €13,572 | €13,957 | ▲ 2.8% |
| Credit institutions430/8 | €13,206 | €14,292 | €13,572 | €13,957 | ▲ 2.8% |
| Trade debts44 | €61,181 | €9,477 | €0 | €12,007 | - |
| Suppliers440/4 | €61,181 | €9,477 | €0 | €12,007 | - |
| Advances received on contracts in progress46 | €55,000 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €16,983 | €27,929 | €13,116 | €28,657 | ▲ 118% |
| Taxes450/3 | €5,949 | €4,355 | €5,487 | €4,744 | ▼ 13.5% |
| Remuneration and social security454/9 | €11,034 | €23,574 | €7,629 | €23,913 | ▲ 213% |
| Other amounts payable47/48 | - | €2,478 | €15,478 | €6,009 | ▼ 61.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,212 | -€8,436 | €13,683 | -€19,546 | ▼ 243% |
| + Depreciation and write-downs630 | €493 | €631 | €4,044 | €4,949 | ▲ 22.4% |
| Operating cash flow (approximation) | €11,705 | -€7,804 | €17,727 | -€14,597 | ▼ 182% |
| Investment in fixed assets (approximation) | - | €1,161 | -€22,131 | €0 | ▲ 100% |
| Change in cash | - | - | -€66 | €123 | ▲ 288% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet -€19,546
Net result drops to -€19,546, the lowest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €13,683
Net result €13,683 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mons · 1 establishment unit since 2021
Ground area
3,422 m²
Building footprint
703 m²
Volume, LiDAR
765 m³
2 parcels, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DELBART IVAN
since 20212.325.701.296
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55043C0512/00K003 | Wallonia | 2,646 m² | 1 · 565 m² | - |
| 53059A0289/00Z021 | Wallonia | 775 m² | 1 · 137 m² | 7.3 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.
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 670 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
Contact
E-mail
contact@delbartsyndic.be
Phone
+32495426055
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779406282
Also
9925:BE0779406282
Registered
14-09-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.