DELDICHE
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 24-06-2026 at the NBB all 34 filings
Every figure per financial year
The operating result for 2025 is a loss of €439,897, after a profit of €138,220 in 2024. It is the lowest result since 2021.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 19 | 18 | 15 | 21 | 24 |
| full-time | 18 | 17 | 12 | 20 | 22 |
| part-time | 1 | 1 | 3 | 1 | 2 |
| in full-time equivalents | 18.6 | 17.6 | 13.7 | 20.6 | 23.5 |
| Average over the year, in full-time equivalents | 18.5 | 19.5 | 15.8 | 19.4 | 21.6 |
| On a permanent contract | 19 | 17 | 14 | 19 | 22 |
| Joined | 7 | 11 | 8 | 16 | 13 |
| Left | 7 | 12 | 10 | 10 | 8 |
| Agency workers, average number | 1.5 | 0.9 | 3.6 | 2.5 | 4.4 |
| Training hours | 925 | 457 | 431 | 560 | 14,152 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €337,286 | €214,308 | €197,583 | €249,145 | €354,200 |
| Pledge on the business | €336,763 | €336,763 | €336,763 | €86,763 | €86,763 |
| Mandates to pledge the business | €436,763 | €436,763 | €436,763 | €436,763 | €436,763 |
| Pledge on other assets, amount secured | - | - | - | - | €1.3m |
| Carrying value of the other pledged assets | €800,000 | €800,000 | €800,000 | €800,000 | €1.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €73,470 | €108,229 | €176,668 | €414,190 | €360,597 |
| Intangible fixed assets | - | - | - | €44,200 | - |
| Depreciation and write-downs of the year | €138,108 | €131,695 | €92,002 | €123,457 | €183,144 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €10,750 | €11,900 | €12,380 | €12,875 | €13,375 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 11 entries · €53,881 awarded · €42,090 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 4 | €7,213 | €24,898 |
| 2024 | 3 | €33,458 | €3,982 |
| 2023 | 2 | €8,234 | €8,234 |
| 2022 | 2 | €4,976 | €4,976 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €30.6m | €30.1m | €31.1m | €32.0m | €34.3m | ▲ 7.1% |
| Turnover70 | €25.3m | €27.7m | €28.6m | €30.3m | €29.7m | €30.8m | €31.6m | €33.9m | ▲ 7.2% |
| Other operating income74 | - | - | - | €0.3m | €0.4m | €0.3m | €0.4m | €0.4m | ▲ 4.1% |
| Non-recurring operating income76A | - | - | - | €0.005m | €0.007m | €0.02m | - | €0.002m | - |
| Operating charges60/66A | - | - | - | €29.3m | €29.6m | €30.8m | €31.9m | €34.7m | ▲ 9.0% |
| Goods for resale, raw materials and consumables60 | - | - | - | €25.2m | €25.1m | €25.9m | €26.8m | €29.1m | ▲ 8.6% |
| Purchases600/8 | - | - | - | €25.2m | €25.1m | €26.0m | €26.8m | €29.4m | ▲ 9.5% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.03m | -€0.07m | -€0.05m | €0.008m | -€0.2m | - |
| Services and other goods61 | - | - | - | €2.9m | €3.3m | €3.5m | €3.7m | €4.0m | ▲ 7.2% |
| Remuneration, social security and pensions62 | - | - | - | €1.0m | €1.0m | €1.0m | €1.1m | €1.3m | ▲ 16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.1m | €0.2m | ▲ 48.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.001m | €0.01m | €0.1m | -€0.001m | €0.02m | - |
| Other operating charges640/8 | - | - | - | €0.07m | €0.1m | €0.1m | €0.08m | €0.1m | ▲ 32.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.007m | €0.004m | ▼ 48.4% |
| Operating profit (loss)9901 | €1.2m | €1.1m | €1.3m | €1.3m | €0.5m | €0.4m | €0.1m | -€0.4m | - |
| Financial income75/76B | - | - | - | €0.01m | €0.02m | €0.01m | €0.02m | €0.02m | ▲ 8.3% |
| Recurring financial income75 | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | €0.01m | €0.02m | €0.02m | ▲ 8.3% |
| Income from current assets751 | - | - | - | - | €0.004m | €193 | €0.001m | - | - |
| Other financial income752/9 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 15.9% |
| Financial charges65/66B | - | - | - | €0.01m | €0.008m | €0.02m | €0.02m | €0.03m | ▲ 33.8% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €0.01m | €0.008m | €0.02m | €0.02m | €0.03m | ▲ 33.8% |
| Debt charges650 | €0.02m | €0.01m | €0.008m | €0.006m | €0.005m | €0.01m | €0.01m | €0.02m | ▲ 58.2% |
| Other financial charges652/9 | - | - | - | €0.005m | €0.003m | €0.008m | €0.01m | €0.01m | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | €1.2m | €1.1m | €1.3m | €1.3m | €0.5m | €0.4m | €0.1m | -€0.5m | - |
| Income taxes67/77 | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.06m | €0.05m | -€363 | - |
| Taxes670/3 | - | - | - | €0.2m | €0.2m | €0.06m | €0.05m | €0.002m | ▼ 96.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.004m | - | - | - | €0.002m | - |
| Profit (loss) for the period9904 | €0.9m | €0.9m | €1.2m | €1.2m | €0.4m | €0.3m | €0.08m | -€0.5m | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €0.3m | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0.2m | €0.2m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.9m | €0.9m | €1.1m | €1.0m | €0.2m | €0.3m | €0.4m | -€0.5m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €7.6m | €8.1m | €6.6m | €7.2m | €6.8m | €7.4m | €7.2m | €8.7m | ▲ 21.7% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.6m | €0.8m | ▲ 25.0% |
| Intangible fixed assets21 | €0.007m | €0.002m | €0.02m | €0.008m | €2 | - | €0.04m | €0.03m | ▼ 33.3% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.6m | €0.8m | ▲ 29.4% |
| Plant, machinery and equipment23 | - | - | - | €0.05m | €0.08m | €0.1m | €0.2m | €0.3m | ▲ 28.4% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | €0.09m | €0.1m | €0.1m | ▼ 19.3% |
| Leasing and similar rights25 | - | - | - | €0.03m | €0.02m | €0.1m | €0.2m | €0.3m | ▲ 62.9% |
| Other tangible fixed assets26 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Assets under construction and advance payments27 | - | - | - | - | - | - | €0.03m | €0.03m | = |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 10.0% |
| Other financial fixed assets284/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 10.0% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 10.0% |
| Current assets29/58 | €7.3m | €7.8m | €6.3m | €6.9m | €6.5m | €7.1m | €6.5m | €7.9m | ▲ 21.4% |
| Stocks and contracts in progress3 | €0.5m | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | €0.7m | ▲ 44.1% |
| Stocks30/36 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.7m | ▲ 44.1% |
| Goods purchased for resale34 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.7m | ▲ 44.1% |
| Amounts receivable within one year40/41 | €5.0m | €6.3m | €4.7m | €4.7m | €4.6m | €5.4m | €4.7m | €5.9m | ▲ 25.1% |
| Trade receivables40 | - | - | - | €4.5m | €4.3m | €4.7m | €4.3m | €5.6m | ▲ 29.4% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.3m | €0.7m | €0.4m | €0.3m | ▼ 19.8% |
| Cash at bank and in hand54/58 | €1.8m | €1.0m | €1.1m | €1.7m | €1.4m | €1.1m | €1.3m | €1.2m | ▼ 1.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.07m | €0.04m | €0.04m | €0.04m | €0.05m | ▲ 19.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €7.6m | €8.1m | €6.6m | €7.2m | €6.8m | €7.4m | €7.2m | €8.7m | ▲ 21.7% |
| Equity10/15 | €1.9m | €2.2m | €2.7m | €3.2m | €2.6m | €2.6m | €2.7m | €2.2m | ▼ 16.1% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €1.7m | €2.1m | €2.5m | €3.0m | €2.4m | €2.5m | €2.5m | €2.1m | ▼ 18.2% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.3m | €0.3m | €0.005m | €0.005m | = |
| Distributable reserves133 | - | - | - | €2.8m | €2.1m | €2.1m | €2.5m | €2.0m | ▼ 18.3% |
| Investment grants15 | - | - | - | - | - | - | - | €0.03m | - |
| Amounts payable17/49 | €5.8m | €5.9m | €3.9m | €4.0m | €4.2m | €4.8m | €4.5m | €6.5m | ▲ 44.1% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.3m | €0.2m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 57.8% |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.1m | €0.2m | €0.3m | ▲ 57.8% |
| Leasing and similar obligations172 | - | - | - | €0.02m | €0.009m | €0.08m | €0.2m | €0.3m | ▲ 57.8% |
| Credit institutions173 | - | - | - | €0.2m | €0.09m | €0.03m | - | - | - |
| Amounts payable within one year42/48 | €5.2m | €5.5m | €3.6m | €3.8m | €4.1m | €4.6m | €4.3m | €6.2m | ▲ 43.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.09m | €0.08m | €0.09m | ▲ 8.8% |
| Financial debts43 | - | - | - | - | - | - | - | €0.6m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.6m | - |
| Trade debts44 | €4.2m | €4.4m | €2.5m | €2.8m | €2.7m | €4.1m | €3.9m | €5.2m | ▲ 32.9% |
| Suppliers440/4 | - | - | - | €2.8m | €2.7m | €4.1m | €3.9m | €5.2m | ▲ 32.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.3m | €0.2m | €0.3m | €0.3m | ▲ 5.2% |
| Taxes450/3 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 12.2% |
| Remuneration and social security454/9 | - | - | - | €0.07m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 20.1% |
| Other amounts payable47/48 | - | - | - | €0.7m | €1.0m | €0.2m | €0.04m | €0.001m | ▼ 96.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €129 | €39 | €39 | €39 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.9m | €0.9m | €1.2m | €1.2m | €0.4m | €0.3m | €0.08m | -€0.5m | - |
| + Depreciation and write-downs630 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.1m | €0.2m | ▲ 48.3% |
| Operating cash flow (approximation) | €1.1m | €1.0m | €1.3m | €1.3m | €0.5m | €0.4m | €0.2m | -€0.3m | - |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.1m | -€0.07m | -€0.1m | -€0.1m | -€0.4m | -€0.3m | ▲ 22.1% |
| Change in cash | - | -€0.8m | €0.1m | €0.7m | -€0.3m | -€0.3m | €0.1m | -€0.02m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,507 companies had the same profile as DELDICHE has now. Two years later, 96.4% were still going and 1.6% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DELDICHE itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,507 companies, not a prediction for DELDICHE. 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.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 24-06-2026 | 2026-00191940 | |
| 31-12-2024 | full format | 07-07-2025 | 2025-00237453 | |
| 31-12-2023 | full format | 11-06-2024 | 2024-00121299 | |
| 31-12-2022 | full format | 26-06-2023 | 2023-00156181 | |
| 31-12-2021 | full format | 24-06-2022 | 2022-20088684 | |
| 31-12-2020 | full format | 16-06-2021 | 2021-20500368 | |
| 31-12-2019 | full format | 29-05-2020 | 2020-13400465 | |
| 31-12-2018 | full format | 28-05-2019 | 2019-14500349 | |
| 31-12-2017 | full format | 28-08-2018 | 2018-59400434 | |
| 31-12-2016 | full format | 16-06-2017 | 2017-18300183 |