DELCO
ActiveSummary
DELCO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€97,722) and a net result of -€11,029. Equity is shrinking by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-53
Solvency3▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.43 against 6.3 in 2024; short-term debt: 21.4% and cash: 0.1% of total assets), but 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
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 · 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
-21.8%
Return on assets
-2.5%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€97,722
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
9 d early
2023
29 d late
2022
3 d late
2021
5 d early
2020
27 d late
2019
2 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 10 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€97,722▼ 12.7%
2024 · -€86,693
Total assets
€448,231▲ 4.0%
2024 · €431,089
Net result
-€11,029
2024 · €1,881
Working capital
€329,310▼ 8.3%
2024 · €359,287
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Operating result-€15,244-€30,346▼ 99.1%-€38,418▼ 26.6%€1,935-€10,966
Net result-€15,332below the sector's middle half-€30,465below the sector's middle half▼ 98.7%-€38,495below the sector's middle half▼ 26.4%€1,881within the sector's middle half-€11,029below the sector's middle half
Equity-€19,614below the sector's middle half▼ 358%-€50,079below the sector's middle half▼ 155%-€88,573below the sector's middle half▼ 76.9%-€86,693below the sector's middle half▲ 2.1%-€97,722below the sector's middle half▼ 12.7%
Total assets€392,997within the sector's middle half▲ 94.1%€411,170above the sector's middle half▲ 4.6%€425,686above the sector's middle half▲ 3.5%€431,089above the sector's middle half▲ 1.3%€448,231above the sector's middle half▲ 4.0%
Debt€412,611▲ 99.6%€461,249▲ 11.8%€514,259▲ 11.5%€517,782▲ 0.7%€545,953▲ 5.4%
Working capital€383,718▲ 1,085%€394,516▲ 2.8%€356,198▼ 9.7%€359,287▲ 0.9%€329,310▼ 8.3%
Solvency-5.0%below the sector's middle half▼ 2.9pp-12.2%below the sector's middle half▼ 7.2pp-20.8%below the sector's middle half▼ 8.6pp-20.1%below the sector's middle half▲ 0.7pp-21.8%below the sector's middle half▼ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,966 after €1,935 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €448,231
Fixed assets
€22,968 ▲ 471%
Current assets
€425,263 ▼ 0.4%
Key figures and ratios
EBITDA
-€9,914▼
2024 · €3,143
Cash flow
-€9,977▼
2024 · €3,089
Current ratio
4.43▼
2024 · 6.30
Quick ratio
0.26▼
2024 · 0.90
Debt to equity
-5.59▲
2024 · -5.97
ROA
-2.5%▼
2024 · 0.4%
Interest coverage
-157.97▼
2024 · 58.19
Debt ≤ 1 year
€95,953▲
2024 · €67,782
Debt > 1 year
€450,000=
2024 · €450,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 2,799 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,443 | - | €25,985 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €156 | €526 | €1,209 | €1,209 | €1,052 | ▼ 12.9% |
| Other operating charges640/8 | - | €1,137 | €993 | €968 | €190 | ▼ 80.4% |
| Gross operating margin9900 | -€11,799 | -€28,683 | -€36,217 | €4,111 | -€9,724 | ▼ 337% |
| Operating profit (loss)9901 | -€15,244 | -€30,346 | -€38,418 | €1,935 | -€10,966 | ▼ 667% |
| Financial income75/76B | - | - | €12 | €0 | - | - |
| Recurring financial income75 | - | - | €12 | €0 | - | - |
| Financial charges65/66B | - | €119 | €88 | €54 | €63 | ▲ 16.2% |
| Recurring financial charges65 | €88 | €119 | €88 | €54 | €63 | ▲ 16.2% |
| Profit (loss) for the period before taxes9903 | -€15,332 | -€30,465 | -€38,495 | €1,881 | -€11,029 | ▼ 686% |
| Profit (loss) for the period9904 | -€15,332 | -€30,465 | -€38,495 | €1,881 | -€11,029 | ▼ 686% |
| Profit (loss) for the period to be appropriated9905 | -€15,332 | -€30,465 | -€38,495 | €1,881 | -€11,029 | ▼ 686% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €392,997 | €411,170 | €425,686 | €431,089 | €448,231 | ▲ 4.0% |
| Fixed assets21/28 | €668 | €5,405 | €5,229 | €4,020 | €22,968 | ▲ 471% |
| Tangible fixed assets22/27 | €468 | €5,205 | €5,029 | €3,820 | €2,768 | ▼ 27.5% |
| Plant, machinery and equipment23 | - | €4,893 | €4,873 | €3,820 | €2,768 | ▼ 27.5% |
| Furniture and vehicles24 | - | €312 | €156 | €0 | €0 | - |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €20,200 | ▲ 10,000% |
| Current assets29/58 | €392,329 | €405,766 | €420,457 | €427,069 | €425,263 | ▼ 0.4% |
| Amounts receivable after more than one year29 | - | €20,000 | €20,000 | €20,000 | - | - |
| Other amounts receivable291 | - | €20,000 | €20,000 | €20,000 | - | - |
| Stocks and contracts in progress3 | €323,166 | €335,600 | €348,255 | €366,136 | €399,965 | ▲ 9.2% |
| Stocks30/36 | - | €335,600 | €348,255 | €366,136 | €399,965 | ▲ 9.2% |
| Amounts receivable within one year40/41 | €40,331 | €45,813 | €50,009 | €31,294 | €24,655 | ▼ 21.2% |
| Trade receivables40 | - | €43,267 | €47,896 | €30,691 | €24,630 | ▼ 19.7% |
| Other amounts receivable41 | - | €2,546 | €2,113 | €603 | €25 | ▼ 95.8% |
| Cash at bank and in hand54/58 | €8,832 | €4,352 | €2,193 | €9,639 | €643 | ▼ 93.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €392,997 | €411,170 | €425,686 | €431,089 | €448,231 | ▲ 4.0% |
| Equity10/15 | -€19,614 | -€50,079 | -€88,573 | -€86,693 | -€97,722 | ▼ 12.7% |
| Contributions10/11 | - | €38,550 | €38,550 | €38,550 | €38,550 | = |
| Profit (loss) carried forward14 | -€58,164 | -€88,629 | -€127,123 | -€125,243 | -€136,272 | ▼ 8.8% |
| Amounts payable17/49 | €412,611 | €461,249 | €514,259 | €517,782 | €545,953 | ▲ 5.4% |
| Amounts payable after more than one year17 | €404,000 | €450,000 | €450,000 | €450,000 | €450,000 | = |
| Financial debts170/4 | - | €450,000 | €450,000 | €450,000 | €450,000 | = |
| Amounts payable within one year42/48 | €8,611 | €11,249 | €64,259 | €67,782 | €95,953 | ▲ 41.6% |
| Trade debts44 | €7,280 | €9,533 | €11,017 | €5,006 | €3,532 | ▼ 29.4% |
| Suppliers440/4 | - | €9,533 | €11,017 | €5,006 | €3,532 | ▼ 29.4% |
| Taxes, remuneration and social security45 | - | €1,079 | €172 | €172 | - | - |
| Taxes450/3 | - | €1,079 | €172 | €172 | - | - |
| Other amounts payable47/48 | - | €637 | €53,070 | €62,605 | €92,422 | ▲ 47.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,332 | -€30,465 | -€38,495 | €1,881 | -€11,029 | ▼ 686% |
| + Depreciation and write-downs630 | €156 | €526 | €1,209 | €1,209 | €1,052 | ▼ 12.9% |
| Operating cash flow (approximation) | -€15,176 | -€29,939 | -€37,286 | €3,089 | -€9,977 | ▼ 423% |
| Investment in fixed assets (approximation) | - | -€5,262 | -€1,033 | €0 | -€20,000 | - |
| Change in cash | - | -€4,480 | -€2,159 | €7,447 | -€8,996 | ▼ 221% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €1,881
Net result €1,881 after 3 loss-making years.
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
31-03
Financial
Weakest financial yearnet -€38,495
Net result drops to -€38,495, the lowest in the series; recovery starts the following year.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Liquidity times 38current ratio 45.56
Current ratio from 1.19 to 45.56; short-term debt falls from €169,208 to €8,611.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
31-03
Financial
Back to profitnet €35,267
Net result €35,267 after one loss-making year.
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
25-10
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 5 acts read
About the unread acts
We know of 5 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
5 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, Harelbeke
Ground area
4,467 m²
Building footprint
513 m²
Volume, LiDAR
2,826 m³
Parcel 34004A0347/00F000, Flanders · tallest building 20.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34004A0347/00F000 | Flanders | 4,467 m² | 1 · 513 m² | 20.4 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,173 companies in sector 46499 we hold annual accounts for 743. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-03-1986
Fiscal year end31-03
Activities, NACEBEL 2025
46499Wholesale of other household goods
47789Other retail sale of new goods
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428734456
Also
9925:BE0428734456
Registered
04-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.