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DELCA GROUP

Active
Private limited companyfounded 201015 yrs activeAzalealaan 15, 8890 Moorslede, BelgiumKBO/BCE: BE 0832.324.435
Summary

The computed 12-month bankruptcy probability of DELCA GROUP is 1.9% (moderate). The 2025 annual accounts show negative equity (-€2.6m) and a net result of -€2.3m. Equity is shrinking by ~8.4% per year across the filed fiscal years. The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-35
Solvency0▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 0.01 in 2024; short-term debt: 142.8% and cash: 0.3% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2025
Solvency, return and age of the figures
Return on assets
-987.6%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.6m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
37 d early
2023
33 d early
2022
39 d early
2021
32 d early
2020
39 d early
2019
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 29 December 2010, DELCA GROUP was incorporated.1 Total assets went from EUR 2.7 million in 2018 to EUR 228,560 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€2.6m▼ 601%
2024 · -€375,589
Total assets
€228,560▼ 91.0%
2024 · €2.5m
Net result
-€2.3m▼ 9,075%
2024 · -€24,602
Working capital
-€97,789▲ 74.0%
2024 · -€375,587
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
Line20212022202320242025
Operating result-€2,359▲ 89.0%-€5,218▼ 121%-€5,814▼ 11.4%-€13,735▼ 136%-€2.2m▼ 16,268%
Net result-€11,765▲ 63.6%-€15,077▼ 28.1%-€16,115▼ 6.9%-€24,602▼ 52.7%-€2.3m▼ 9,075%
Equity-€319,796▼ 3.8%-€334,873▼ 4.7%-€350,987▼ 4.8%-€375,589▼ 7.0%-€2.6m▼ 601%
Total assets€2.5m=€2.5m▲ 0.1%€2.5m=€2.5m=€228,560▼ 91.0%
Debt€2.9m▲ 0.4%€2.9m▲ 0.6%€2.9m▲ 0.6%€2.9m▲ 0.8%€2.9m▼ 1.8%
Working capital-€319,354▼ 3.7%-€334,868▼ 4.9%-€350,985▼ 4.8%-€375,587▼ 7.0%-€97,789▲ 74.0%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€3.0m-€2.0m-€1.0m€0Operating result 2021: -€2,359-€2,359Net result 2021: -€11,765-€11,765Operating result 2022: -€5,218-€5,218Net result 2022: -€15,077-€15,077Operating result 2023: -€5,814-€5,814Net result 2023: -€16,115-€16,115Operating result 2024: -€13,735-€13,735Net result 2024: -€24,602-€24,602Operating result 2025: -€2.2m-€2.2mNet result 2025: -€2.3m-€2.3m20212022202320242025-€3m-€2m-€1m€0Operating result 2023: -€5,814-€5,810Net result 2023: -€16,115-€16,100Operating result 2024: -€13,735-€13,700Net result 2024: -€24,602-€24,600Operating result 2025: -€2.2m-€2.2mNet result 2025: -€2.3m-€2.3m202320242025
The operating result stays negative: a loss of €2.2m in 2025 against €13,735 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.70▲
2024 · 0.01
Debt to equity
-1.09▲
2024 · -7.76
ROA
-987.6%▼
2024 · -1.0%
Debt ≤ 1 year
€326,349▼
2024 · €377,830
Debt > 1 year
€2.5m=
2024 · €2.5m
A ratio outside any meaningful range has been withheld (balance sheet total €228,560, equity -€2.6m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.8% went bankrupt
8.1% stopped otherwise
85% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 6,906 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.5m€228,560▼
Fixed assets21/28€2.5m€0▼
Financial fixed assets28€2.5m€0▼
Current assets29/58€2,244€228,560▲
Amounts receivable within one year40/41-€225,949
Other amounts receivable41-€225,949
Cash at bank and in hand54/58€343€711▲
Deferred charges and accrued income490/1€1,901€1,901=
Equity and liabilities
Total equity and liabilities10/49€2.5m€228,560▼
Equity10/15-€375,589-€2.6m▼
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€394,189-€2.7m▼
Amounts payable17/49€2.9m€2.9m▼
Amounts payable after more than one year17€2.5m€2.5m=
Financial debts170/4€2.5m€2.5m=
Amounts payable within one year42/48€377,830€326,349▼
Trade debts44€2,065€310,740▲
Suppliers440/4€2,065€310,740▲
Other amounts payable47/48€375,766€15,609▼
Accrued charges and deferred income492/3€2€0▼
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€12,660-
Other operating charges640/8€1,075€1,094▲
Non-recurring operating charges66A-€2.1m
Gross operating margin9900-€12,660-€134,791▼
Operating profit (loss)9901-€13,735-€2.2m▼
Financial charges65/66B€10,866€9,021▼
Recurring financial charges65€10,866€9,021▼
Profit (loss) for the period before taxes9903-€24,602-€2.3m▼
Profit (loss) for the period9904-€24,602-€2.3m▼
Profit (loss) for the period to be appropriated9905-€24,602-€2.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€394,189-€2.7m▼
Profit (loss) brought forward from the previous period14P-€369,587-€394,189▼
Social balance
Average headcount (FTE)9087-0.0

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Goods, raw materials, services and sundry goods60/61--€4,834€12,660--
Other operating charges640/8-€979€980€1,075€1,094▲ 1.7%
Non-recurring operating charges66A----€2.1m-
Gross operating margin9900-€2,359-€4,239-€4,834-€12,660-€134,791▼ 965%
Operating profit (loss)9901-€2,359-€5,218-€5,814-€13,735-€2.2m▼ 16,268%
Financial charges65/66B-€9,859€10,301€10,866€9,021▼ 17.0%
Recurring financial charges65€9,406€9,859€10,301€10,866€9,021▼ 17.0%
Profit (loss) for the period before taxes9903-€11,765-€15,077-€16,115-€24,602-€2.3m▼ 9,075%
Profit (loss) for the period9904-€11,765-€15,077-€16,115-€24,602-€2.3m▼ 9,075%
Profit (loss) for the period to be appropriated9905-€11,765-€15,077-€16,115-€24,602-€2.3m▼ 9,075%
Line20212022202320242025Change
Assets
Total assets20/58€2.5m€2.5m€2.5m€2.5m€228,560▼ 91.0%
Fixed assets21/28€2.5m€2.5m€2.5m€2.5m€0▼ 100%
Financial fixed assets28€2.5m€2.5m€2.5m€2.5m€0▼ 100%
Current assets29/58€434€2,263€2,934€2,244€228,560▲ 10,087%
Amounts receivable within one year40/41----€225,949-
Other amounts receivable41----€225,949-
Cash at bank and in hand54/58€434€523€1,033€343€711▲ 107%
Deferred charges and accrued income490/1-€1,740€1,901€1,901€1,901=
Equity and liabilities
Total equity and liabilities10/49€2.5m€2.5m€2.5m€2.5m€228,560▼ 91.0%
Equity10/15-€319,796-€334,873-€350,987-€375,589-€2.6m▼ 601%
Contributions10/11-€18,600€18,600€18,600€18,600=
Profit (loss) carried forward14-€338,396-€353,473-€369,587-€394,189-€2.7m▼ 573%
Amounts payable17/49€2.9m€2.9m€2.9m€2.9m€2.9m▼ 1.8%
Amounts payable after more than one year17€2.5m€2.5m€2.5m€2.5m€2.5m=
Financial debts170/4-€2.5m€2.5m€2.5m€2.5m=
Amounts payable within one year42/48€319,788€337,132€353,919€377,830€326,349▼ 13.6%
Trade debts44---€2,065€310,740▲ 14,951%
Suppliers440/4---€2,065€310,740▲ 14,951%
Other amounts payable47/48-€337,132€353,919€375,766€15,609▼ 95.8%
Accrued charges and deferred income492/3-€4€2€2€0▼ 100%
Line20212022202320242025Change
Profit (loss) for the period9904-€11,765-€15,077-€16,115-€24,602-€2.3m▼ 9,075%
Operating cash flow (approximation)-€11,765-€15,077-€16,115-€24,602-€2.3m▼ 9,075%
Investment in fixed assets (approximation)-€0€0€0€2.5m-
Change in cash-€90€509-€690€368▲ 153%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
28-04
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial Weakest financial yearnet -€2.3m
Net result drops to -€2.3m, the lowest in the series.
24-03
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-03
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-03
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-03
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-03
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-03
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-03
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-03
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-03
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 2 acts read
About the unread acts

We know of 2 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
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, Moorslede · 1 establishment unit since 2010
seat establishment The establishment unit on the map
Ground area
974 m²
Building footprint
223 m²
Volume, LiDAR
1,140 m³
Parcel 36003A0600/00G000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
DELCA GROUP
Azalealaan 15, 8890 MoorsledeFinancial service activities, except insurance and pension funding
since 20102.195.498.691
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36003A0600/00G000 Flanders 974 m² 1 · 223 m² 8.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 30-09-2022 list no shareholders, and no other source names one.

Holdings 2

According to the annual accounts to 30-09-2022 of DELCA GROUP and those 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded29-12-2010
Fiscal year end30-09
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.