DELCAR
ActiveSummary
DELCAR has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,091 and a net result of €8,165. Equity is growing by ~41.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency34▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.49 in 2024; short-term debt: 91.4% and cash: 37.4% of total assets), and 91.4% of the assets are financed with debt.
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Signals
Seven 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
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 →
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
8.6%
Return on assets
1.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 10519 sector peers (2025).
NBB · sector comparisonPosition among 10519 sector peers
Solvency
better than 19%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
168 d early
2023
29 d early
2022
33 d early
2021
40 d early
2020
15 d early
2019
37 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 50 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. Usually files around 28 June (4 of the last 5 filed years within 30 days of that day).
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, abbreviated schema
Turnover
€13,200▲ 931%
2019 · €1,280
EBIT margin
22.5%▲ 594.8pp
2019 · -572.3%
Net result
€8,165▲ 47.5%
2024 · €5,537
Working capital
-€236,822▲ 5.6%
2024 · -€250,805
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
Operating result€12,641▲ 326%€11,275▼ 10.8%€7,866▼ 30.2%€5,230▼ 33.5%€7,223▲ 38.1%
Net result€12,575within the sector's middle half▲ 324%€11,206within the sector's middle half▼ 10.9%€7,805within the sector's middle half▼ 30.3%€5,537within the sector's middle half▼ 29.1%€8,165within the sector's middle half▲ 47.5%
EBIT margin
Equity€13,378within the sector's middle half▲ 1,566%€24,584within the sector's middle half▲ 83.8%€32,390within the sector's middle half▲ 31.7%€37,927within the sector's middle half▲ 17.1%€46,091below the sector's middle half▲ 21.5%
Total assets€504,680above the sector's middle half▲ 2.8%€513,780above the sector's middle half▲ 1.8%€521,128above the sector's middle half▲ 1.4%€528,370above the sector's middle half▲ 1.4%€534,354within the sector's middle half▲ 1.1%
Debt€491,301▲ 0.2%€489,195▼ 0.4%€488,738▼ 0.1%€490,443▲ 0.3%€488,262▼ 0.4%
Working capital-€250,966below the sector's middle half▲ 4.9%-€242,033below the sector's middle half▲ 3.6%-€262,158below the sector's middle half▼ 8.3%-€250,805below the sector's middle half▲ 4.3%-€236,822below the sector's middle half▲ 5.6%
Solvency2.7%below the sector's middle half▲ 2.5pp4.8%below the sector's middle half▲ 2.1pp6.2%within the sector's middle half▲ 1.4pp7.2%within the sector's middle half▲ 1.0pp8.6%below the sector's middle half▲ 1.4pp
Current ratio0.49below the sector's middle half▲ 0.030.51below the sector's middle half▲ 0.020.46below the sector's middle half▼ 0.040.49below the sector's middle half▲ 0.030.51below the sector's middle half▲ 0.03
Return on assets (ROA)2.5%within the sector's middle half▲ 1.9pp2.2%within the sector's middle half▼ 0.3pp1.5%within the sector's middle half▼ 0.7pp1.0%within the sector's middle half▼ 0.4pp1.5%within the sector's middle half▲ 0.5pp
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 recovers in 2025; 2025 is 38% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €511,078
Fixed assets
€259,638 ▼ 2.2%
Current assets
€251,440 ▲ 4.9%
Equity and liabilities €534,354
Equity
€46,091 ▲ 21.5%
Debt
€488,262 ▼ 0.4%
Debt's share of the balance-sheet total falls from 92.8% to 91.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,041▲
2024 · €11,046
Cash flow
€13,983▲
2024 · €11,354
Quick ratio
0.43▲
2024 · 0.41
Debt to equity
10.59▼
2024 · 12.93
ROE
17.7%▲
2024 · 14.6%
Interest coverage
188.97▲
2024 · 159.95
Debt ≤ 1 year
€488,262▼
2024 · €490,443
Income taxes
-€105▼
2024 · €105
Staff costs
€50
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,214 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 1,214 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 |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €4,589 | €5,078 | €6,831 | €14,552 | €6,448 | ▼ 55.7% |
| Remuneration, social security and pensions62 | - | - | - | - | €50 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €402 | €1,227 | €2,879 | €5,817 | €5,818 | = |
| Other operating charges640/8 | €2,168 | €2,221 | €2,583 | €2,682 | €2,703 | ▲ 0.8% |
| Gross operating margin9900 | €15,211 | €14,722 | €13,329 | €13,728 | €15,794 | ▲ 15.1% |
| Operating profit (loss)9901 | €12,641 | €11,275 | €7,866 | €5,230 | €7,223 | ▲ 38.1% |
| Financial income75/76B | - | €0 | €14 | €482 | €906 | ▲ 88.1% |
| Recurring financial income75 | - | €0 | €14 | €482 | €906 | ▲ 88.1% |
| Financial charges65/66B | €66 | €69 | €75 | €69 | €69 | ▼ 0.1% |
| Recurring financial charges65 | €66 | €69 | €75 | €69 | €69 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | €12,575 | €11,206 | €7,805 | €5,642 | €8,060 | ▲ 42.9% |
| Income taxes67/77 | - | - | - | €105 | -€105 | ▼ 200% |
| Profit (loss) for the period9904 | €12,575 | €11,206 | €7,805 | €5,537 | €8,165 | ▲ 47.5% |
| Profit (loss) for the period to be appropriated9905 | €12,575 | €11,206 | €7,805 | €5,537 | €8,165 | ▲ 47.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €504,680 | €513,780 | €521,128 | €528,370 | €534,354 | ▲ 1.1% |
| Formation expenses20 | €23,275 | €23,275 | €23,275 | €23,275 | €23,275 | = |
| Fixed assets21/28 | €241,069 | €243,342 | €271,272 | €265,456 | €259,638 | ▼ 2.2% |
| Tangible fixed assets22/27 | €241,069 | €243,342 | €271,272 | €265,456 | €259,638 | ▼ 2.2% |
| Land and buildings22 | €161,569 | €161,167 | €160,765 | €160,363 | €159,961 | ▼ 0.3% |
| Plant, machinery and equipment23 | €79,500 | €82,175 | €81,300 | €80,425 | €79,550 | ▼ 1.1% |
| Furniture and vehicles24 | - | - | €29,207 | €24,667 | €20,126 | ▼ 18.4% |
| Current assets29/58 | €240,335 | €247,162 | €226,580 | €239,639 | €251,440 | ▲ 4.9% |
| Stocks and contracts in progress3 | €47,475 | €47,475 | €47,475 | €39,825 | €39,825 | = |
| Stocks30/36 | €47,475 | €47,475 | €47,475 | €39,825 | €39,825 | = |
| Amounts receivable within one year40/41 | €5,141 | €4,376 | €10,840 | €9,510 | €9,640 | ▲ 1.4% |
| Other amounts receivable41 | €5,141 | €4,376 | €10,840 | €9,510 | €9,640 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €187,720 | €195,311 | €168,265 | €188,381 | €200,027 | ▲ 6.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,923 | €1,949 | ▲ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €504,680 | €513,780 | €521,128 | €528,370 | €534,354 | ▲ 1.1% |
| Equity10/15 | €13,378 | €24,584 | €32,390 | €37,927 | €46,091 | ▲ 21.5% |
| Contributions10/11 | €76,847 | €76,847 | €76,847 | €76,847 | €76,847 | = |
| Capital10 | €76,847 | €76,847 | €76,847 | €76,847 | €76,847 | = |
| Issued capital100 | €76,847 | €76,847 | €76,847 | €76,847 | €76,847 | = |
| Reserves13 | €43,644 | €43,644 | €43,644 | €43,644 | €43,644 | = |
| Distributable reserves133 | €43,644 | €43,644 | €43,644 | €43,644 | €43,644 | = |
| Profit (loss) carried forward14 | -€107,112 | -€95,906 | -€88,101 | -€82,564 | -€74,399 | ▲ 9.9% |
| Amounts payable17/49 | €491,301 | €489,195 | €488,738 | €490,443 | €488,262 | ▼ 0.4% |
| Amounts payable within one year42/48 | €491,301 | €489,195 | €488,738 | €490,443 | €488,262 | ▼ 0.4% |
| Trade debts44 | €1,144 | €101 | €200 | €1,923 | €0 | ▼ 100% |
| Suppliers440/4 | €1,144 | €101 | €200 | €1,923 | €0 | ▼ 100% |
| Other amounts payable47/48 | €490,157 | €489,094 | €488,538 | €488,520 | €488,262 | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,575 | €11,206 | €7,805 | €5,537 | €8,165 | ▲ 47.5% |
| + Depreciation and write-downs630 | €402 | €1,227 | €2,879 | €5,817 | €5,818 | = |
| Operating cash flow (approximation) | €12,977 | €12,433 | €10,684 | €11,354 | €13,983 | ▲ 23.2% |
| Investment in fixed assets (approximation) | - | -€3,500 | -€30,809 | €0 | €0 | - |
| Change in cash | - | €7,591 | -€27,046 | €20,116 | €11,646 | ▼ 42.1% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
13-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €12,575 ▲324%
Operating result €12,641, net result €12,575, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €2,964
Net result €2,964 after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Chaudfontaine · 1 establishment unit since 1991
Ground area
926 m²
Building footprint
212 m²
Parcel 62012B0234/00R002, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DELCAR SA
since 19912.054.871.457
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012B0234/00R002 | Wallonia | 926 m² | 1 · 212 m² | - |
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.
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Of 10,664 companies in sector 47811 we hold annual accounts for 5,227. 3,261 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
Founded11-06-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
43341Painting of buildings
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444359176
Also
9925:BE0444359176
Registered
17-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.