Equity
€125,834 ▲ 191%
Equity rose in 2025 from €43,308 to €125,834.
DELCHA CONSTRUCT
Overview
Lifetime
4 annual accounts with figures on one time axispeak €75,278 (2025)
€75,278▲ €77,066
lowest -€27,894 (2022)
€82,526▲ €87,233
peak €125,834 (2025)
€125,834▲ 191%
€1.3m▲ 6.7%
Board1 name since 2021
1 directorDECLERCK Kurt Wim Roland
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from -€1,789 to €75,278Back to profit: €82,526Equity from €43,308 to €125,834
Key points
from the 2025 annual accountsTurnover
≈ €200,000 estimated
The abbreviated format states no turnover.
Debts
€1.3m 91% of the balance sheet
Suppliers 1%Taxes and wages 2%Other 98%
2025 accounts filed 31 days after the deadline
Checked score
66
Healthy
Financially stronger than 43% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.8%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 1.1%● unchanged vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.10, cash €663
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €1.4m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 30% of them on solvency, 2% on liquidity, 44% on profitability and 95% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 513 companies had the same profile as DELCHA CONSTRUCT has now. Each dot stands for 2 companies, two years later.
96.3%
were still trading
1.4%
stopped another way
2.3%
went bankrupt
That fits the bankruptcy probability of DELCHA CONSTRUCT itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 513 companies, not a prediction for DELCHA CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.1 (1.05 in 2024), below the usual 1.5. Short-term debt is 90.9% and cash 0% of total assets. 90.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
31 days late
2024
1 day early
2023
20 days early
2022
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 8 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 July (3 of the last 4 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0778737477
Incorporation
Founding capital of €100,000, 1,000 shares · Founder: DelCha · Appointment: DECLERCK Kurt Wim Roland (director) · published on 20-12-2021 · Gazette deed
First establishment
Oudenaardsesteenweg 380, Avelgem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DELCHA CONSTRUCT Avelgem | €1.4m | €75,278 | 9.1% | - |
| KNOKKE CONSTRUCT Knokke-Heist | €1.3m | €66,609 | 11.1% | - |
| SONICAL REAL ESTATE Oostkamp | €1.4m | €99,303 | 5.6% | - |
| IMMO LAGRY Dentergem | €1.3m | €126,624 | 8.2% | - |
| Batipur Invest Braives | €1.3m | €72,274 | 6.2% | - |
| Gyp & Hout Black Diamond Sint-Katelijne-Waver | €1.3m | €60,359 | 14.1% | - |
| LARES Antwerp | €1.4m | €62,409 | 47.5% | - |
These companies have the same main activity as DELCHA CONSTRUCT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.3m and €1.4m, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 16-12-2021Normal situation
- Activity
- Development of residential building projectsNACE 68121and 3 others
- Establishment unit
- 2.325.910.1448581 Avelgem, since 16-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Annual accounts 2025
- €75,278
- €82,526
- €125,834▲ 191%
- €1.4m▲ 13.3%
- Filing
- Filed on 31-08-2026
Insights on DELCHA CONSTRUCT
DELCHA CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from -€2,408 in 2022 to €75,278 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 31-08-2026, 31 days late€75,278
▲ €77,066
€74,151
▲ €77,033
€82,526
▲ €87,233
€125,834
▲ 109%
9.1%
▲ 5.6 percentage points
1.10
▲ 0.05
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €100,000 and €460,000.
In the rankings
#8 company by total assets in Avelgem, Real estate sector
Balance sheet
balance sheet total €1.4m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
9.1%
Higher than 28% of 11,299 companies in 2025.
1.10
Higher than 48% of 10,851 companies in 2025.
6.0%
Higher than 76% of 11,184 companies in 2025.
DELCHA CONSTRUCT
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
1.4m | 1.2m | 1.1m | 919,462 | |
29/58 |
1.4m | 1.2m | 1.1m | 919,462 | |
40/41 |
1.3m | 461,142 | 378,015 | 385,055 | |
40 |
1.1m | 363,613 | 280,000 | 280,000 | |
41 |
246,851 | 97,529 | 98,015 | 105,055 | |
54/58 |
663 | 682 | 8,687 | 63,481 | |
490/1 |
44,092 | 753,241 | 733,321 | 470,926 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
1.4m | 1.2m | 1.1m | 919,462 | |
10/15 |
125,834 | 43,308 | 48,015 | 72,106 | |
10/11 |
100,000 | 100,000 | 100,000 | 100,000 | |
14 |
25,834 | -56,692 | -51,985 | -27,894 | |
17/49 |
1.3m | 1.2m | 1.1m | 847,357 | |
42/48 |
1.3m | 1.2m | 1.0m | 825,390 | |
44 |
10,157 | 92,735 | 36,711 | 18,787 | |
440/4 |
10,157 | 92,735 | 36,711 | 18,787 | |
45 |
21,013 | 11,662 | 11,609 | 4,986 | |
450/3 |
21,013 | 11,662 | 11,609 | 4,986 | |
47/48 |
1.2m | 1.1m | 982,224 | 801,618 | |
492/3 |
0 | 16,945 | 41,464 | 21,966 | |
| Income statement | |||||
9900 |
75,278 | -1,789 | -1,733 | -2,408 | |
640/8 |
1,126 | 1,094 | 499 | 1,161 | |
9901 |
74,151 | -2,882 | -2,233 | -3,569 | |
75/76B |
17,824 | 15,164 | 14,635 | 2,666 | |
75 |
17,824 | 15,164 | 14,635 | 2,666 | |
65/66B |
45 | 16,989 | 36,494 | 26,991 | |
65 |
45 | 16,989 | 36,494 | 26,991 | |
9903 |
91,930 | -4,707 | -24,091 | -27,894 | |
67/77 |
9,404 | - | - | - | |
9904 |
82,526 | -4,707 | -24,091 | -27,894 | |
9905 |
82,526 | -4,707 | -24,091 | -27,894 | |
| Appropriation of the result | |||||
9906 |
25,834 | -56,692 | -51,985 | -27,894 | |
14P |
-56,692 | -51,985 | -27,894 | - | |
| Document | |||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00468846.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -19 | -8,005 | -54,794 | - | ||
| 125,834 | 60,253 | 89,479 | 94,072 | ||
| 9.1% | 3.6% | 4.3% | 7.8% | ||
| 1.10 | 1.05 | 1.09 | 1.11 | ||
| 9.94 | 27.06 | 22.33 | 11.75 | ||
| 65.6% | -10.9% | -50.2% | -38.7% | ||
| 6.0% | -0.4% | -2.2% | -3.0% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on DELCHA CONSTRUCT
The operating result for 2025 is a profit of €74,151, after a loss of €2,882 in 2024. It is the highest result since 2022.
Debt's share of the balance-sheet total falls from 96.4% to 90.9%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 16-12-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 31-08-2026
Mandates through the years
1 name, the dashed line is todayDECLERCK Kurt Wim Roland
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- DECLERCK Kurt Wim Roland
- Director (not named in the articles), from 16-12-2021 to date
Control
Capital
- Contribution
- €100,000
- Shares
- 1,000
- Contribution per share
- €100
- Equity per share
- €126 in 2025
- Source
- deed of 20-12-2021
Articles of association
deed of 20-12-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 17:00
Shareholders
At incorporation
deed of 20-12-2021 ↗
- DelCha (BE 0758.778.540) 1,000 shares (100%) · €100,000
Network & group
No group
DELCHA CONSTRUCT has no parent and no holdings in its annual accounts. DECLERCK Kurt Wim Roland is the only director. DELCHA CONSTRUCT shares no director with another company.
At the same address
Oudenaardsesteenweg 380, 8581 Avelgem · 1 other company| JAMBO - RA
registered office since 28-08-1997 · founded in 1997 |
5.2 FTE (2025) 0461.246.381 |
Timeline
Timeline
9 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 31 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0778737477
2025
Back to profit net €82,526 The net result is €82,526, after 3 loss-making years.
Equity above €100,000 equity €125,834 ▲191% Equity rises from €43,308 to €125,834.
Annual accounts 2024 filed PDFabbreviated format · 1 day before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · 20 days before the deadline
2023
Annual accounts 2022 filed PDFabbreviated format · 42 days before the deadline
2021
IncorporationFounding capital of €100,000, 1,000 shares · Founder: DelCha · Appointment: DECLERCK Kurt Wim Roland (director) · published on 20-12-20215 points ▸
- Founder, DelCha
- Founding capital, €100,000, 1,000 shares
- DelCha holds 1,000 shares
- Registered office clause, Oudenaardsesteenweg 380, 8581 Avelgem (Kerkhove)
- Director appointment, DECLERCK Kurt Wim Roland (director (not named in the articles))
- The deed holds 2 more points.
First establishment Oudenaardsesteenweg 380, Avelgem
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0778.737.477
- VAT number
- BE 0778.737.477
- Peppol ID
- 0208:0778737477
- Other Peppol ID
- 9925:BE0778737477
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 16-12-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 17:00deed of 20-12-2021 (in Dutch)
- Peppol
- Reachable since 06-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- DELCHA CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 20-12-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 20-12-2021 (in Dutch)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
68100
Real estate activities
71111
Architectural and engineering activities; technical testing and analysis
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Onderneming in onroerende goederen; het bouwen,verbouwen,kopen,renoveren en verkopen van onroerend goed; bouwpromotor; projectontwikkeling…”deed of 20-12-2021 (in Dutch)
8 activities
- Onderneming in onroerende goederen; het bouwen,verbouwen,kopen,renoveren en verkopen van onroerend goed; bouwpromotor; projectontwikkeling en handel in onroerend goed; het ontwerpen en beheren van verkavelingen; het ontwerpen en beheren van diverse vastgoedprojecten.
- Het stellen van alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zo onder meer het promoveren,coördineren,concipiëren,realiseren,inrichten,renoveren,valoriseren,uitbaten en beheren van onroerende goederen,zowel bebouwde als onbebouwde,met inbegrip van de handel onder al zijn vormen in onroerende goederen,het aankopen,verkopen,ruilen,huren en verhuren,ter beschikking stellen van onroerende goederen.
- Het optreden als algemene bouwonderneming,al dan niet in coördinatie met onderaannemers.
- Het uitvoeren van alle activiteiten behorende tot de sector bouw,renovatie en afwerking,al dan niet in coördinatie met onderaannemers,omvattende (niet limitatief) alle werkzaamheden en activiteiten gaande van de voorbereidingswerken tot de volledige afwerking en binneninrichting,omvat tevens alle onderhouds-,renovatie- en herstellingswerken.
- Het uitvoeren van algemene en bijzondere aannemingen in diverse sectoren,al dan niet in coördinatie met onderaannemers.
- Advies en dienstverlening in de bouwsector,in bouwtechnische aangelegenheden,in het algemeen inzake technische aangelegenheden; het optreden als toezichthoudende instantie,de coördinatie van werken en de werfopvolging,het aanbieden van diverse ondersteunende en begeleidende diensten in de bouw en aanverwante sectoren.
- Het uitvoeren van technische studies,audits en expertise inzake voormelde activiteiten.
- Diverse zakelijke dienstverlening
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Oudenaardsesteenweg 380 registered office 8581 Avelgem | 16-12-2021 | 2.325.910.144 |
Buildings and parcels at the address
- Ground area
- 673 m²
- Buildings
- 1,167 m²
- Volume, LiDAR
- 4,793 m³
- Tallest building
- 9.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34020C0083/00C000 | 673 m² | 1 · 1,167 m² | 9.9 m · 1 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0778.737.477