DELEF
ActiveSummary
DELEF has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €659,166 and a net result of -€575. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 22% of 8085 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+2
Solvency41▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.38 against 1.36 in 2024; short-term debt: 70.8% and cash: 0.5% of total assets), and 84.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8085 sector peers (2025).
NBB · sector comparisonPosition among 8085 sector peers
Solvency
better than 22%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
11 d late
2023
30 d late
2022
31 d late
2021
58 d early
2020
16 d early
2019
27 d late
← 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 1 day before 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€2.4m
EBIT margin
20.9%
Net result
-€575▲ 96.7%
2024 · -€17,193
Working capital
€1.1m▼ 7.4%
2024 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€224,186▼ 13.7%€671,784▲ 200%€113,228▼ 83.1%€91,651▼ 19.1%€78,296▼ 14.6%
Net result€160,900▼ 8.4%€459,799▲ 186%€2,159▼ 99.5%-€17,193-€575▲ 96.7%
EBIT margin
Equity€614,976▲ 35.4%€674,775▲ 9.7%€676,934▲ 0.3%€659,741▼ 2.5%€659,166▼ 0.1%
Total assets€3.8m▼ 13.1%€5.1m▲ 34.4%€5.2m▲ 3.4%€4.6m▼ 11.4%€4.2m▼ 9.8%
Debt€3.2m▼ 18.8%€4.4m▲ 39.2%€4.6m▲ 3.9%€4.0m▼ 12.7%€3.5m▼ 11.4%
Working capital€545,809▲ 34.7%€1.4m▲ 163%€1.3m▼ 7.4%€1.2m▼ 8.4%€1.1m▼ 7.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 15% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€94,435 ▲ 121%
Current assets
€4.1m ▼ 11.0%
Equity and liabilities €4.2m
Equity
€659,166 ▼ 0.1%
Debt
€3.5m ▼ 11.4%
Debt's share of the balance-sheet total falls from 85.8% to 84.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€97,269▼
2024 · €119,914
Cash flow
€18,399▲
2024 · €11,070
Current ratio
1.38▲
2024 · 1.36
Quick ratio
0.26▼
2024 · 0.42
Debt to equity
5.34▼
2024 · 6.03
ROE
-0.1%▲
2024 · -2.6%
ROA
0.0%▲
2024 · -0.4%
Interest coverage
1.31▲
2024 · 1.18
Debt ≤ 1 year
€3.0m▼
2024 · €3.4m
Debt > 1 year
€548,044▼
2024 · €584,842
Income taxes
€4,591▼
2024 · €8,256
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €94 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,329 | €33,404 | €32,819 | €28,263 | €18,974 | ▼ 32.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €330,051 | -€237,510 | ▼ 172% |
| Other operating charges640/8 | €2,465 | €11,955 | €9,345 | €2,628 | €6,278 | ▲ 139% |
| Gross operating margin9900 | €253,074 | €717,143 | €155,392 | €452,593 | -€133,963 | ▼ 130% |
| Operating profit (loss)9901 | €224,186 | €671,784 | €113,228 | €91,651 | €78,296 | ▼ 14.6% |
| Financial income75/76B | €22,444 | €987 | €22 | €610 | €73 | ▼ 88.0% |
| Recurring financial income75 | €22,444 | €987 | €22 | €610 | €73 | ▼ 88.0% |
| Financial charges65/66B | €29,890 | €43,396 | €96,635 | €101,198 | €74,352 | ▼ 26.5% |
| Recurring financial charges65 | €29,890 | €43,396 | €96,635 | €101,198 | €74,352 | ▼ 26.5% |
| Profit (loss) for the period before taxes9903 | €216,740 | €629,375 | €16,615 | -€8,937 | €4,017 | ▲ 145% |
| Income taxes67/77 | €55,840 | €169,575 | €14,456 | €8,256 | €4,591 | ▼ 44.4% |
| Profit (loss) for the period9904 | €160,900 | €459,799 | €2,159 | -€17,193 | -€575 | ▲ 96.7% |
| Profit (loss) for the period to be appropriated9905 | €160,900 | €459,799 | €2,159 | -€17,193 | -€575 | ▲ 96.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.8m | €5.1m | €5.2m | €4.6m | €4.2m | ▼ 9.8% |
| Fixed assets21/28 | €122,473 | €93,530 | €69,646 | €42,796 | €94,435 | ▲ 121% |
| Intangible fixed assets21 | €11,278 | €8,459 | €3,135 | €1,742 | €873 | ▼ 49.9% |
| Tangible fixed assets22/27 | €111,195 | €85,071 | €66,511 | €41,054 | €93,562 | ▲ 128% |
| Plant, machinery and equipment23 | €17,955 | €12,083 | €6,210 | €1,098 | - | - |
| Furniture and vehicles24 | €67,201 | €49,416 | €32,312 | €16,886 | €73,915 | ▲ 338% |
| Other tangible fixed assets26 | €26,039 | €23,572 | €27,989 | €23,070 | €19,647 | ▼ 14.8% |
| Current assets29/58 | €3.6m | €5.0m | €5.2m | €4.6m | €4.1m | ▼ 11.0% |
| Stocks and contracts in progress3 | €1.7m | €2.5m | €3.1m | €3.2m | €3.3m | ▲ 5.1% |
| Stocks30/36 | €1.7m | €2.5m | €3.1m | €3.2m | €3.3m | ▲ 5.1% |
| Amounts receivable within one year40/41 | €1.9m | €2.4m | €2.0m | €1.4m | €716,513 | ▼ 47.8% |
| Trade receivables40 | €1.9m | €2.4m | €2.0m | €1.4m | €706,233 | ▼ 48.5% |
| Other amounts receivable41 | €9,161 | - | €2,502 | €2,502 | €10,280 | ▲ 311% |
| Cash at bank and in hand54/58 | €58,998 | €41,194 | €14,986 | €35,848 | €21,457 | ▼ 40.1% |
| Deferred charges and accrued income490/1 | €7,602 | €7,529 | €17,754 | €16,457 | €19,669 | ▲ 19.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.8m | €5.1m | €5.2m | €4.6m | €4.2m | ▼ 9.8% |
| Equity10/15 | €614,976 | €674,775 | €676,934 | €659,741 | €659,166 | ▼ 0.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | - | - | - | - | - |
| Other1109/19 | €18,600 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €594,516 | €654,315 | €656,474 | €639,281 | €638,706 | ▼ 0.1% |
| Amounts payable17/49 | €3.2m | €4.4m | €4.6m | €4.0m | €3.5m | ▼ 11.4% |
| Amounts payable after more than one year17 | €53,306 | €855,265 | €716,971 | €584,842 | €548,044 | ▼ 6.3% |
| Financial debts170/4 | €53,306 | €855,265 | €716,971 | €584,842 | €548,044 | ▼ 6.3% |
| Amounts payable within one year42/48 | €3.1m | €3.5m | €3.8m | €3.4m | €3.0m | ▼ 12.3% |
| Current portion of amounts payable after more than one year42 | €168,272 | €138,042 | €138,294 | €142,129 | €255,744 | ▲ 79.9% |
| Financial debts43 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Credit institutions430/8 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Trade debts44 | €812,143 | €998,086 | €1.4m | €1.2m | €641,279 | ▼ 46.0% |
| Suppliers440/4 | €812,143 | €998,086 | €1.4m | €1.2m | €641,279 | ▼ 46.0% |
| Taxes, remuneration and social security45 | €139,624 | €267,394 | €228,198 | €36,134 | €60,139 | ▲ 66.4% |
| Taxes450/3 | €139,624 | €267,394 | €228,198 | €36,134 | €60,139 | ▲ 66.4% |
| Other amounts payable47/48 | €477,854 | €626,725 | €524,640 | €508,390 | €501,478 | ▼ 1.4% |
| Accrued charges and deferred income492/3 | - | - | €5,884 | €16,521 | €15,623 | ▼ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €160,900 | €459,799 | €2,159 | -€17,193 | -€575 | ▲ 96.7% |
| + Depreciation and write-downs630 | €26,329 | €33,404 | €32,819 | €28,263 | €18,974 | ▼ 32.9% |
| Operating cash flow (approximation) | €187,229 | €493,204 | €34,978 | €11,070 | €18,399 | ▲ 66.2% |
| Investment in fixed assets (approximation) | - | -€4,461 | -€8,935 | -€1,413 | -€70,612 | ▼ 4,897% |
| Change in cash | - | -€17,804 | -€26,208 | €20,862 | -€14,391 | ▼ 169% |
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
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 11 days late
2024
31-12
Financial
Weakest financial yearnet -€17,193
Net result drops to -€17,193, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €459,799 ▲186%
Operating result €671,784, net result €459,799, both a record.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500,000Eq €614,976 ▲35.4%
4 profitable years in a row build equity to €614,976.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Equity above €200,000Eq €298,444 ▲92.7%
2 profitable years in a row build equity to €298,444.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Watermaal-Bosvoorde · 1 establishment unit since 2014
Ground area
971 m²
Building footprint
140 m²
Volume, LiDAR
1,146 m³
Parcel 21652E0036/00E002, Brussels · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Tumulidreef 21, 1170 Watermaal-Bosvoorde
since 20142.228.373.476
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0036/00E002 | Brussels | 971 m² | 1 · 140 m² | 11.6 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWatermaal-Bosvoorde2.228.373.476
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Of 1,049 companies in sector 46341 we hold annual accounts for 535. 304 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
Contact
E-mail
delefwine@gmail.comWatermaal-Bosvoorde
Phone
0472/51 21 18Watermaal-Bosvoorde
Scores and ratios are computed by Checked and are not a credit decision.