DELCOM
ActiveSummary
DELCOM has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.8m and a net result of €1.2m. Equity is growing by about 17% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, full format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00489470.
Turnover
€1.5m▲ 6.3%
2022 · €1.4m
EBIT margin
22.5%▼ 34.0pp
2022 · 56.5%
Net result
€1.2m▲ 335%
2024 · €268,767
Working capital
€469,919
2024 · -€674,122
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 433% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€1.5m
2023
Operating result€1.2m
2025
Net result€1.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€7.0m
2025
Equity€5.8m
2025
Debt€1.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin22.5%
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)2.2
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.4m-€1.4m▼ 2.9%€1.3m▼ 2.5%€1.5m▲ 11.8%€1.4m▼ 3.5%€1.5m▲ 6.3%
Operating result€0.3m-€0.3m▼ 2.7%€1.0m▲ 235%€0.4m▼ 59.4%€0.8m▲ 106%€0.3m▼ 57.7%€0.2m▼ 36.4%€1.2m▲ 433%
Net result€0.3m-€0.3m▼ 5.5%€0.9m▲ 239%€0.4m▼ 59.8%€0.8m▲ 117%€0.4m▼ 55.4%€0.3m▼ 26.7%€1.2m▲ 335%
EBIT margin21.2%-21.2%▲ 0.1pp72.9%▲ 51.7pp26.5%▼ 46.4pp56.5%▲ 30.0pp22.5%▼ 34.0pp
Equity€1.6m-€1.9m▲ 17.3%€2.8m▲ 50.2%€3.2m▲ 13.4%€4.0m▲ 25.7%€4.4m▲ 9.1%€4.7m▲ 6.1%€5.8m▲ 25.1%
Total assets€4.4m-€5.2m▲ 16.6%€7.0m▲ 34.9%€6.8m▼ 1.6%€6.8m▼ 1.2%€6.3m▼ 6.3%€6.4m▲ 0.9%€7.0m▲ 9.8%
Debt€2.8m-€3.3m▲ 16.2%€4.1m▲ 26.1%€3.6m▼ 11.9%€2.7m▼ 24.9%€1.9m▼ 29.1%€1.7m▼ 11.0%€1.2m▼ 31.6%
Working capital-€2.5m--€2.8m▼ 14.5%-€1.8m▲ 35.3%-€1.7m▲ 8.5%-€0.8m▲ 49.6%-€0.6m▲ 27.8%-€0.7m▼ 11.1%€0.5m
Staff (FTE)6.3-5.6▼ 11.1%5.3▼ 5.4%5.3=4.8▼ 9.4%5▲ 4.2%4.8▼ 4.0%2.2▼ 54.2%
Why a figure moved sharply
- 2025 Net result +335% on 2024. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.0m
Fixed assets
€5.5m ▼ 0.9%
Current assets
€1.5m ▲ 79.7%
Equity and liabilities €7.0m
Equity
€5.8m ▲ 25.1%
Debt
€1.2m ▼ 31.6%
Debt's share of the balance-sheet total falls from 27.1% to 16.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.2m▲
2024 · €226,165
Cash flow
€1.2m▲
2024 · €277,873
Current ratio
1.45▲
2024 · 0.56
Debt to equity
0.20▼
2024 · 0.37
ROE
20.1%▲
2024 · 5.8%
ROA
16.7%▲
2024 · 4.2%
Interest coverage
over 100▲
2024 · -276.57
Debt ≤ 1 year
€1.0m▼
2024 · €1.5m
Debt > 1 year
€78,742▼
2024 · €111,958
Income taxes
€4,184▼
2024 · €12,582
Staff costs
€318,425▲
2024 · €240,246
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.5m | €2.0m | €1.5m | - | - | - |
| Turnover70 | €1.4m | €1.4m | €1.3m | €1.5m | €1.4m | €1.5m | - | - | - |
| Other operating income74 | - | - | - | €0.004m | €0.007m | €0.001m | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €0.5m | €207 | €132 | €1.7m | ▲ 1,316,720% |
| Operating charges60/66A | - | - | - | €1.1m | €1.2m | €1.2m | - | - | - |
| Services and other goods61 | - | - | - | €0.8m | €0.9m | €0.9m | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €18 | €209 | €209 | €0.009m | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.02m | €0.04m | €0.03m | ▼ 39.5% |
| Non-recurring operating charges66A | - | - | - | - | €0.1m | €0.02m | €0.02m | €0 | ▼ 100% |
| Gross operating margin9900 | - | - | - | - | - | - | €0.5m | €1.5m | ▲ 184% |
| Operating profit (loss)9901 | €0.3m | €0.3m | €1.0m | €0.4m | €0.8m | €0.3m | €0.2m | €1.2m | ▲ 433% |
| Financial income75/76B | - | - | - | €2 | €0.03m | €0.05m | €0.06m | €0.02m | ▼ 66.9% |
| Recurring financial income75 | €17 | €0.001m | €485 | €2 | €0.03m | €0.05m | €0.06m | €0.02m | ▼ 66.9% |
| Income from financial fixed assets750 | - | - | - | - | €0.006m | €0.008m | - | - | - |
| Income from current assets751 | - | - | - | €2 | €0.001m | €0.04m | - | - | - |
| Other financial income752/9 | - | - | - | €0 | €0.02m | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.01m | -€0.001m | €0.005m | - |
| Recurring financial charges65 | €0.003m | €0.01m | €0.02m | €0.01m | €0.01m | €0.01m | -€0.001m | €0.005m | - |
| Debt charges650 | €0.003m | €0.01m | €0.02m | €0.01m | €0.01m | €0.01m | - | - | - |
| Other financial charges652/9 | - | - | - | €200 | €341 | €0.001m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.3m | €0.9m | €0.4m | €0.8m | €0.4m | €0.3m | €1.2m | ▲ 317% |
| Income taxes67/77 | - | - | - | €0.001m | - | €0.01m | €0.01m | €0.004m | ▼ 66.8% |
| Taxes670/3 | - | - | - | €0.001m | - | €0.01m | - | - | - |
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.9m | €0.4m | €0.8m | €0.4m | €0.3m | €1.2m | ▲ 335% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.3m | €0.9m | €0.4m | €0.8m | €0.4m | €0.3m | €1.2m | ▲ 335% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.4m | €5.2m | €7.0m | €6.8m | €6.8m | €6.3m | €6.4m | €7.0m | ▲ 9.8% |
| Fixed assets21/28 | €4.1m | €4.7m | €4.7m | €5.0m | €5.0m | €5.1m | €5.5m | €5.5m | ▼ 0.9% |
| Tangible fixed assets22/27 | €4.1m | €4.7m | €4.7m | €5.0m | €5.0m | €5.1m | €5.5m | €5.5m | ▼ 0.9% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.001m | €0.001m | €400 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €5.0m | €4.9m | €5.0m | €5.5m | €5.4m | ▼ 0.9% |
| Other tangible fixed assets26 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Current assets29/58 | €0.4m | €0.4m | €2.3m | €1.8m | €1.8m | €1.3m | €0.8m | €1.5m | ▲ 79.7% |
| Amounts receivable within one year40/41 | €0.07m | €0.2m | €0.4m | €0.4m | €0.6m | €0.6m | €0.5m | €1.3m | ▲ 151% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.5m | €0.4m | €0.4m | €1.3m | ▲ 250% |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €1.9m | €1.4m | €1.2m | €0.7m | €0.3m | €0.2m | ▼ 42.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.01m | €0.02m | €0.004m | €23 | ▼ 99.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.4m | €5.2m | €7.0m | €6.8m | €6.8m | €6.3m | €6.4m | €7.0m | ▲ 9.8% |
| Equity10/15 | €1.6m | €1.9m | €2.8m | €3.2m | €4.0m | €4.4m | €4.7m | €5.8m | ▲ 25.1% |
| Profit (loss) carried forward14 | €1.6m | €1.9m | €2.8m | €3.2m | €4.0m | €4.4m | €4.7m | €5.8m | ▲ 25.1% |
| Amounts payable17/49 | €2.8m | €3.3m | €4.1m | €3.6m | €2.7m | €1.9m | €1.7m | €1.2m | ▼ 31.6% |
| Amounts payable after more than one year17 | - | €0.05m | - | €0.1m | €0.07m | €0.04m | €0.1m | €0.08m | ▼ 29.7% |
| Financial debts170/4 | - | - | - | €0.1m | €0.07m | €0.04m | €0.1m | €0.08m | ▼ 29.7% |
| Leasing and similar obligations172 | - | - | - | €0.1m | €0.07m | €0.04m | - | - | - |
| Amounts payable within one year42/48 | €2.8m | €3.2m | €4.1m | €3.5m | €2.6m | €1.9m | €1.5m | €1.0m | ▼ 31.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.03m | €0.03m | €0.06m | €0.03m | ▼ 44.3% |
| Financial debts43 | - | - | - | €1.0m | €0.2m | - | - | - | - |
| Credit institutions430/8 | - | - | - | €1.0m | €0.2m | - | - | - | - |
| Trade debts44 | €0.07m | €0.08m | €0.07m | €0.08m | €0.07m | €0.07m | €0.07m | €0.07m | ▼ 7.0% |
| Suppliers440/4 | - | - | - | €0.08m | €0.07m | €0.07m | €0.07m | €0.07m | ▼ 7.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.05m | €0.05m | €0.03m | €0.01m | ▼ 69.5% |
| Taxes450/3 | - | - | - | €0.04m | €0.02m | €0.02m | €0.005m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €0.04m | €0.03m | €0.03m | €0.03m | €0.01m | ▼ 64.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.08m | €0.06m | €0.04m | €0.1m | €0.06m | ▼ 41.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.9m | €0.4m | €0.8m | €0.4m | €0.3m | €1.2m | ▲ 335% |
| + Depreciation and write-downs630 | - | - | - | €18 | €209 | €209 | €0.009m | €0 | ▼ 100% |
| Operating cash flow (approximation) | €0.3m | €0.3m | €0.9m | €0.4m | €0.8m | €0.4m | €0.3m | €1.2m | ▲ 321% |
| Investment in fixed assets (approximation) | - | -€0.7m | €0.09m | -€0.4m | €0.06m | -€0.08m | -€0.5m | €0.05m | - |
| Change in cash | - | -€0.06m | €1.7m | -€0.6m | -€0.2m | -€0.5m | -€0.4m | -€0.1m | ▲ 63.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 28-08-2026 | 2026-00489470 |
| 31-12-2024 | abbreviated format | 26-08-2025 | 2025-00437899 |
| 31-12-2023 | abbreviated format | 10-07-2024 | 2024-00249582 |
| 31-12-2022 | abbreviated format | 14-07-2023 | 2023-00243121 |
| 31-12-2021 | abbreviated format | 05-07-2022 | 2022-20150919 |
| 31-12-2020 | abbreviated format | 08-07-2021 | 2021-32600580 |
| 31-12-2019 | abbreviated format | 27-08-2020 | 2020-46100103 |
| 31-12-2018 | abbreviated format | 04-11-2019 | 2019-73000278 |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-36000023 |
| 31-12-2016 | abbreviated format | 18-07-2017 | 2017-32800448 |
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Of the 11,123 active companies whose main activity is office administrative and support services (NACE 82100), figures are known for 3,547. 605 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.