DELEX BELGIUM
ActiveSummary
The computed 12-month bankruptcy probability of DELEX BELGIUM is 1.7% (moderate). The 2025 annual accounts show equity of €292k and a net result of €49k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 27786 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+85
Solvency100▲+9
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 4.05 against 2.82 in 2024; short-term debt: 23.7% and cash: 23.9% of total assets), and 23.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.3%
Return on assets
12.7%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
18 d late
2023
31 d late
2022
19 d late
2021
30 d late
2020
27 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.15M▲ 339%
2021 · €262k
2020: €324k
2021: €262k
2020 → 2022
EBIT margin
19.9%▲ 22.1pp
2021 · -2.2%
2020: 11.9%
2021: -2.2%
2020 → 2022
Net result
€49k
2024 · €-79k
2020: €35k
2021: €-6k
2022: €170k
2023: €106k
2024: €-79k
2020 → 2025
Working capital
€278k▲ 24.2%
2024 · €223k
2020: €36k
2021: €29k
2022: €285k
2023: €313k
2024: €223k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€262k-€1.15M▲ 339%
Equity€39k-€217k▲ 459%€323k▲ 48.8%€243k▼ 24.6%€292k▲ 19.9%
Operating result€-6k-€229k€147k▼ 36.1%€-78k€54k
Net result€-6k-€170k€106k▼ 37.6%€-79k€49k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €54k after a loss of €78k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €383k
Fixed assets
€14k ▼ 28.3%
Current assets
€369k ▲ 6.5%
Equity and liabilities €383k
Equity
€292k ▲ 19.9%
Debt
€91k ▼ 25.9%
Debt's share of the balance-sheet total falls from 33.5% to 23.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60k▲
2024 · €-73k
Cash flow
€54k▲
2024 · €-74k
Current ratio
4.05▲
2024 · 2.82
Quick ratio
3.18▲
2024 · 1.96
Debt to equity
0.31▼
2024 · 0.50
ROE
16.6%▲
2024 · -32.5%
ROA
12.7%▲
2024 · -21.6%
Interest coverage
78.70▲
2024 · -92.16
Debt ≤ 1 year
€91k▼
2024 · €123k
Income taxes
€5k▲
2024 · €160
Staff costs
€91k▼
2024 · €154k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€366k€383k▲
Fixed assets21/28€20k€14k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€17k€13k▼
Furniture and vehicles24€17k€13k▼
Current assets29/58€346k€369k▲
Stocks and contracts in progress3€106k€80k▼
Stocks30/36€106k€80k▼
Amounts receivable within one year40/41€187k€196k▲
Trade receivables40€142k€181k▲
Other amounts receivable41€45k€14k▼
Cash at bank and in hand54/58€48k€91k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€366k€383k▲
Equity10/15€243k€292k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€233k€282k▲
Amounts payable17/49€123k€91k▼
Amounts payable within one year42/48€123k€91k▼
Trade debts44€46k€7k▼
Suppliers440/4€46k€7k▼
Taxes, remuneration and social security45€61k€65k▲
Taxes450/3€48€7k▲
Remuneration and social security454/9€61k€58k▼
Other amounts payable47/48€16k€19k▲
Income statement
Code20242025
Remuneration, social security and pensions62€154k€91k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€1k€465▼
Gross operating margin9900€82k€151k▲
Operating profit (loss)9901€-78k€54k▲
Financial income75/76B€105€7▼
Recurring financial income75€105€7▼
Financial charges65/66B€797€761▼
Recurring financial charges65€797€761▼
Profit (loss) for the period before taxes9903€-79k€53k▲
Income taxes67/77€160€5k▲
Profit (loss) for the period9904€-79k€49k▲
Profit (loss) for the period to be appropriated9905€-79k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€233k€282k▲
Profit (loss) brought forward from the previous period14P€313k€233k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-79k ▼175%
Net result drops to €-79k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 19 days late
2022
31-12
Financial
Back to profitnet €170k
Net result €170k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.89
Current ratio from 1.25 to 3.89; short-term debt falls from €116k to €98k.
31-12
Financial
Equity above €200kEq €217k ▲459%
Equity rises from €39k to €217k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zaventem · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brixtonlaan 91930 ZaventemGround area
6,458 m²
Building footprint
3,210 m²
Volume, LiDAR
19,920 m³
Parcel 23057C0044/00F000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brixtonlaan 9, 1930 Zaventem
since 20202.297.869.622
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057C0044/00F000 | Flanders | 6,458 m² | 1 · 3,210 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AM ELEKTRO
BE 0748.401.124
Zulte · Eq €292,135
SDM ELEKTRICITEITSWERKEN
BE 0753.906.467
Wetteren · Eq €292,147
GC-ELEKTRO
BE 0782.258.280
Damme · Eq €291,662
DOBES
BE 0863.497.265
Hasselt · Eq €291,635
KJM-TECHNIEKEN
BE 0701.939.510
Diepenbeek · Eq €291,627
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 7,637 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:delexbelgium@gmail.com
Phone:+3228807086