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DELFEM

Active
Private limited companyfounded 20179 yrs activeRue Grand Pré 10, 4217 Héron, BelgiumKBO/BCE: BE 0670.434.405
Summary

The computed 12-month bankruptcy probability of DELFEM is 3.5% (moderate). The 2025 annual accounts show negative equity (-€44,615) and a net result of -€608. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 6% of 13604 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2023
Profitability29▼-71
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.17 in 2023; short-term debt: 341.6% and cash: 28.7% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-241.6%
Return on assets
-3.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
18192021222325
2018 to 2025 · latest year -€44,615
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 12-06-2026, 49 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
49 d early
2023
42 d early
2022
32 d early
2021
48 d early
2020
43 d early
2019
143 d late
2018
20 d early
← 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 13 days before the deadline; the sector median for financial year 2023 is 14 days after the deadline, and 55% 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. Usually files around 18 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DELFEM was incorporated on 26 January 2017.1 Total assets fell from EUR 42,238 in 2018 to EUR 18,464 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€44,615▲ 24.0%
2023 · -€58,671
Total assets
€18,464▲ 49.8%
2023 · €12,329
Net result
-€608
2023 · €22,562
Working capital
-€44,615▲ 24.0%
2023 · -€58,671
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232025
Operating result-€10,478▲ 59.8%-€16,295▼ 55.5%-€4,241▲ 74.0%€22,904-€585-
Net result-€10,683below the sector's middle half▲ 60.6%-€16,330below the sector's middle half▼ 52.9%-€4,295within the sector's middle half▲ 73.7%€22,562above the sector's middle half-€608within the sector's middle half-
Equity-€73,008below the sector's middle half▼ 2.7%-€89,338below the sector's middle half▼ 22.4%-€81,233below the sector's middle half▲ 9.1%-€58,671below the sector's middle half▲ 27.8%-€44,615below the sector's middle half-
Total assets€34,109below the sector's middle half▼ 11.7%€33,603below the sector's middle half▼ 1.5%€32,046below the sector's middle half▼ 4.6%€12,329below the sector's middle half▼ 61.5%€18,464below the sector's middle half-
Debt€107,117▼ 2.3%€122,941▲ 14.8%€113,279▼ 7.9%€71,000▼ 37.3%€63,079-
Working capital-€72,933below the sector's middle half▲ 2.4%-€93,381below the sector's middle half▼ 28.0%-€81,233below the sector's middle half▲ 13.0%-€58,671below the sector's middle half▲ 27.8%-€44,615below the sector's middle half-
Solvency-214.0%below the sector's middle half▼ 30.0pp-265.9%below the sector's middle half▼ 51.8pp-253.5%below the sector's middle half▲ 12.4pp-475.9%below the sector's middle half▼ 222.4pp-241.6%below the sector's middle half-
Current ratio0.25below the sector's middle half▲ 0.010.24below the sector's middle half▼ 0.010.28below the sector's middle half▲ 0.040.17below the sector's middle half▼ 0.110.29below the sector's middle half-
Return on assets (ROA)-31.3%below the sector's middle half▲ 39.0pp-48.6%below the sector's middle half▼ 17.3pp-13.4%below the sector's middle half▲ 35.2pp183.0%above the sector's middle half▲ 196.4pp-3.3%within the sector's middle half-
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2020: -€10,478-€10,478Net result 2020: -€10,683-€10,683Operating result 2021: -€16,295-€16,295Net result 2021: -€16,330-€16,330Operating result 2022: -€4,241-€4,241Net result 2022: -€4,295-€4,295Operating result 2023: €22,904€22,904Net result 2023: €22,562€22,562Operating result 2025: -€585-€585Net result 2025: -€608-€60820202021202220232025-€10,000€0€10,000€20,000Operating result 2022: -€4,241-€4,240Net result 2022: -€4,295-€4,300Operating result 2023: €22,904€22,900Net result 2023: €22,562€22,600Operating result 2025: -€585-€585Net result 2025: -€608-€608202220232025
The operating result is -€585 in 2025, compared with €22,904 in 2023. Comparable figures for the intervening years are unavailable.
Key figures and ratios
2025 value · change against 2023
Debt to equity
-1.41▼
2023 · -1.21
Debt ≤ 1 year
€63,079▼
2023 · €71,000
Income taxes
€16
Staff costs
€817▼
2023 · €57,898
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a small loss
4.6% went bankrupt
5.5% stopped otherwise
88% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,570 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2023 · 36 lines
Balance sheet Code20232025
Assets
Total assets20/58€12,329€18,464▲
Current assets29/58€12,329€18,464▲
Stocks and contracts in progress3€6,510-
Stocks30/36€6,510-
Amounts receivable within one year40/41€1,269€7,047▲
Trade receivables40€1,269€7,047▲
Current investments50/53-€6,114
Cash at bank and in hand54/58€4,550€5,303▲
Equity and liabilities
Total equity and liabilities10/49€12,329€18,464▲
Equity10/15-€58,671-€44,615▲
Contributions10/11€18,600€18,600=
Capital10€18,600-
Issued capital100€18,600-
Profit (loss) carried forward14-€77,271-€63,215▲
Amounts payable17/49€71,000€63,079▼
Amounts payable within one year42/48€71,000€63,079▼
Trade debts44€10,605€1,629▼
Suppliers440/4€10,605€1,629▼
Taxes, remuneration and social security45€3,444€1,858▼
Taxes450/3-€1,858
Remuneration and social security454/9€3,444-
Other amounts payable47/48€56,951€59,592▲
Income statement Code20232025
Remuneration, social security and pensions62€57,898€817▼
Other operating charges640/8€1,036€807▼
Gross operating margin9900€81,838€1,039▼
Operating profit (loss)9901€22,904-€585▼
Financial income75/76B-€54
Recurring financial income75-€54
Financial charges65/66B€342€61▼
Recurring financial charges65€342€61▼
Profit (loss) for the period before taxes9903€22,562-€592▼
Income taxes67/77-€16
Profit (loss) for the period9904€22,562-€608▼
Profit (loss) for the period to be appropriated9905€22,562-€608▼
Appropriation of the result
Profit (loss) to be appropriated9906-€77,271-€63,215▲
Profit (loss) brought forward from the previous period14P-€99,833-€62,607▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232025Change
Remuneration, social security and pensions62-€12,886€40,923€57,898€817-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,419€5,419€4,043---
Other operating charges640/8-€659€3,602€1,036€807-
Gross operating margin9900€42,821€2,669€44,327€81,838€1,039-
Operating profit (loss)9901-€10,478-€16,295-€4,241€22,904-€585-
Financial income75/76B----€54-
Recurring financial income75----€54-
Financial charges65/66B-€35€54€342€61-
Recurring financial charges65€205€35€54€342€61-
Profit (loss) for the period before taxes9903-€10,683-€16,330-€4,295€22,562-€592-
Income taxes67/77----€16-
Profit (loss) for the period9904-€10,683-€16,330-€4,295€22,562-€608-
Profit (loss) for the period to be appropriated9905-€10,683-€16,330-€4,295€22,562-€608-
Line20202021202220232025Change
Assets
Total assets20/58€34,109€33,603€32,046€12,329€18,464-
Formation expenses20€196-----
Fixed assets21/28€9,266€4,043----
Tangible fixed assets22/27€9,266€4,043----
Plant, machinery and equipment23-€4,043----
Current assets29/58€24,647€29,560€32,046€12,329€18,464-
Stocks and contracts in progress3€3,733€6,190€7,214€6,510--
Stocks30/36-€6,190€7,214€6,510--
Amounts receivable within one year40/41€9,762€4,033€7,190€1,269€7,047-
Trade receivables40-€4,033€7,190€1,269€7,047-
Current investments50/53----€6,114-
Cash at bank and in hand54/58€1,806€9,991€8,296€4,550€5,303-
Deferred charges and accrued income490/1-€9,346€9,346---
Equity and liabilities
Total equity and liabilities10/49€34,109€33,603€32,046€12,329€18,464-
Equity10/15-€73,008-€89,338-€81,233-€58,671-€44,615-
Contributions10/11€6,200€6,200€18,600€18,600€18,600-
Capital10-€6,200€18,600€18,600--
Issued capital100-€18,600€18,600€18,600--
Uncalled capital101-€12,400----
Profit (loss) carried forward14-€79,208-€95,538-€99,833-€77,271-€63,215-
Amounts payable17/49€107,117€122,941€113,279€71,000€63,079-
Amounts payable after more than one year17€9,537-----
Amounts payable within one year42/48€97,580€122,941€113,279€71,000€63,079-
Current portion of amounts payable after more than one year42-€9,537----
Trade debts44€17,195€19,528€17,163€10,605€1,629-
Suppliers440/4-€19,528€17,163€10,605€1,629-
Taxes, remuneration and social security45-€7,020€9,260€3,444€1,858-
Taxes450/3-€2,130€5,860-€1,858-
Remuneration and social security454/9-€4,890€3,400€3,444--
Other amounts payable47/48-€86,856€86,856€56,951€59,592-
Line20202021202220232025Change
Profit (loss) for the period9904-€10,683-€16,330-€4,295€22,562-€608-
+ Depreciation and write-downs630€5,419€5,419€4,043---
Operating cash flow (approximation)-€5,264-€10,911-€252€22,562-€608-
Investment in fixed assets (approximation)--€196----
Change in cash-€8,185-€1,695-€3,746--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
12-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
19-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €22,562
Net result €22,562 after 5 loss-making years.
29-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
21-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 143 days late
2019
31-12
Financial Weakest financial yearnet -€27,148
Net result drops to -€27,148, the lowest in the series; recovery starts the following year.
11-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
02-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Héron · 1 establishment unit since 2017
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.

Rue Grand Pré 104217 Héron
1 establishment unit
DELFEM
Rue Grand Pré 10, 4217 HéronActivities of head offices
since 20172.261.310.421

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded26-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail delfem@outlook.be
Phone 0495/31.20.74
E-mail fabrice.emond@hotmail.beHéron
E-invoicing
Reachable via Peppol
Peppol ID 0208:0670434405
Also 9925:BE0670434405
Registered 06-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.