Equity
€58,507 from €126,691 in 2023
Equity fell by 54% in 2 years.
DELCOVAR
Lifetime
20 annual accounts with figures on one time axis, 42 filings since 1984peak €254,051 (2013)
€22,316▼ 31.1%
lowest -€59,777 (2007)
€12,181▼ 35.2%
peak €126,691 (2023)
€58,507▼ 38.7%
€38,323▼ 31.0%
Board2 names since 2021
1 directorGeeerardyn Frieda
Documentsfilings and deeds
17-06-202644 days before the deadline
2025micro format
Gross margin from €32,407 to €22,316Result from €18,792 to €12,181Equity from €95,484 to €58,507Debts from €55,573 to €38,323Investments €18,870Cash from €128,160 to €57,601
Key points
from the 2025 annual accountsInvestments
€18,870 11.2 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 166.8% higher than in 2024.
Filings
42 annual accounts since 1984
Three of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.
Checked score
95
Excellent
Financially stronger than 62% of micro companies in crop and animal production (NACE 01)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 5,696 companies (NACE 01, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 1.67, cash €57,601, halved
Size: total assets €96,829
Sector: Crop and animal production, hunting and related service activities (NACE 01)
Equity €58,507 (60.4% of total assets)
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 01, micro). It does better than 72% of them on solvency, 86% on liquidity, 82% on profitability and 9% 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 very low class on 30-06-2025, 0.1% 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, 31,368 companies had the same profile as DELCOVAR has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DELCOVAR itself: < 0.1% 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 31,368 companies, not a prediction for DELCOVAR. 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 €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.67 (2.44 in 2024), above the usual 1.5. Short-term debt is 39.6% and cash 59.5% of total assets. 39.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
56 days early
2023
40 days early
2022
54 days early
2021
31 days early
2020
33 days early
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% 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 17 June (5 of the last 5 accounts filed within 30 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 0208:0425139914
Amendment of the articles · Legal-form change · Resignations & appointments
Appointment: GEERARDYN Frieda Maria Cornelia (director) · General meeting of 01-06-2022 · Gazette deed
First establishment
Kruisstraat (West) 9, Vleteren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DELCOVAR Vleteren | €96,829 | €22,316 | 60.4% | - |
| PEERLINGS Maaseik | €125,451 | €29,040 | 51.7% | - |
| Philippe DECUYPERE Mouscron | €79,914 | €13,368 | 73.2% | - |
| MALENGIER-DEPREZ Zonnebeke | €167,380 | €11,124 | 88.9% | - |
| VANDAVEE Middelkerke | €185,351 | €20,632 | -100.7% | - |
| GEORGES DEMBLON ET FILS Esneux | €171,591 | €35,326 | 72.5% | - |
| Fastel - Fize Villers-le-Bouillet | €167,706 | €18,485 | 16.8% | - |
These companies have the same main activity as DELCOVAR: raising of dairy cattle (NACE 01410). They are comparable in size and age: total assets between €79,900 and €185,000, founded between 1978 and 1993.
Official details
Source: KBO- Status
- Active since 30-12-1983Normal situation
- Activity
- Raising of dairy cattleNACE 01410and 1 other
- Establishment unit
- 2.023.808.0978640 Vleteren, since 30-12-1983
- Financial year end
- 31 December
- Peppol
- Reachable since 25-09-2025
Annual accounts 2025
- ≈ €83,000estimated
- €96,829▼ 35.9%
- Filing
- Filed on 17-06-2026, 44 days before the end of the filing period
Insights on DELCOVAR
DELCOVAR files the micro format. That format states no turnover. The gross margin fell from €26,121 in 2006 to €22,316 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DELCOVAR
- What is the company number of DELCOVAR?
- The company number of DELCOVAR is 0425.139.914. The VAT number is the same number with BE in front: BE 0425.139.914.
- Where is DELCOVAR based?
- The registered office is at Kruisstraat (West) 9, 8640 Vleteren.Company details
- What does DELCOVAR do?
- According to the KBO register, the main activity is raising of dairy cattle (NACE 01410).
- What is the legal form of DELCOVAR?
- DELCOVAR is a private limited company (BV).
- When was DELCOVAR founded?
- DELCOVAR was founded on 30-12-1983.
- Is DELCOVAR still active?
- Yes, DELCOVAR is an active enterprise in the KBO register.
- What is the turnover of DELCOVAR?
- The turnover in financial year 2025 is ≈ €83,000. This figure is estimated from the gross margin of €22,316 and 33 comparable companies (NACE 01). It probably lies between €40,000 and €190,000. It is a rough estimate.Financials
- Is DELCOVAR profitable?
- In financial year 2025, DELCOVAR made a profit of €12,181.
- Where can I find the annual accounts of DELCOVAR?
- DELCOVAR filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DELCOVAR due?
- DELCOVAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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