DELFI
ActiveDELFI has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-5k) and a net result of €-5k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 18% of 11238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▲+59
Solvency17▲+17
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.49 against 0.15 in 2024; short-term debt: 107.6% and cash: 41.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 2025Solvency, return and age of the figures
Solvency
-7.6%
Return on assets
-7.9%
Age of the figures
9 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-5k
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
51 d early
2023
2 d late
2022
8 d late
2021
47 d early
2020
47 d early
2019
56 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-5k▲ 74.9%
2024 · €-20k
2018: €-15k
2019: €-21k
2020: €-10k
2021: €-11k
2022: €545
2023: €-6k
2024: €-20k
2018 → 2025
Total assets
€65k▲ 22.3%
2024 · €53k
2018: €31k
2019: €28k
2020: €28k
2021: €19k
2022: €24k
2023: €63k
2024: €53k
2018 → 2025
Net result
€-5k▲ 62.3%
2024 · €-14k
2018: €637
2019: €-6k
2020: €11k
2021: €-186
2022: €11k
2023: €-7k
2024: €-14k
2018 → 2025
Working capital
€-36k▲ 42.2%
2024 · €-62k
2018: €-22k
2019: €-29k
2020: €-15k
2021: €-14k
2022: €-12k
2023: €-59k
2024: €-62k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-11k-€545€-6k€-20k▼ 222%€-5k▲ 74.9%
Operating result€-165-€11k€-7k€-14k▼ 107%€-5k▲ 63.0%
Net result€-186-€11k€-7k€-14k▼ 104%€-5k▲ 62.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €14k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65k
Fixed assets
€31k▼ 26.8%
Current assets
€34k▲ 207%
Key figures and ratios
EBITDA
€6k▲
2024 · €-2k
Cash flow
€6k▲
2024 · €-2k
Solvency
-7.6%▲
2024 · -37.2%
Current ratio
0.49▲
2024 · 0.15
Quick ratio
0.44▲
2024 · 0.15
Debt / equity
-14.08▼
2024 · -3.69
ROA
-7.9%▲
2024 · -25.6%
Interest coverage
39.49▲
2024 · -16.03
Debt
€70k▼
2024 · €73k
Debt ≤ 1 year
€70k▼
2024 · €73k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€53k€65k▲
Fixed assets21/28€42k€31k▼
Tangible fixed assets22/27€42k€31k▼
Land and buildings22€4k€2k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€33k€24k▼
Other tangible fixed assets26€906€614▼
Current assets29/58€11k€34k▲
Stocks and contracts in progress3-€3k
Stocks30/36-€3k
Amounts receivable within one year40/41€4k€3k▼
Trade receivables40€4k€3k▼
Other amounts receivable41€525€525=
Cash at bank and in hand54/58€4k€27k▲
Deferred charges and accrued income490/1€3k€956▼
Equity and liabilities
Total equity and liabilities10/49€53k€65k▲
Equity10/15€-20k€-5k▲
Contributions10/11€62k€82k▲
Capital10€62k€82k▲
Issued capital100€62k€82k▲
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-85k€-90k▼
Amounts payable17/49€73k€70k▼
Amounts payable within one year42/48€73k€70k▼
Trade debts44€4k€893▼
Suppliers440/4€4k€893▼
Taxes, remuneration and social security45€335€278▼
Taxes450/3€335€278▼
Other amounts payable47/48€69k€69k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-286€7k▲
Operating profit (loss)9901€-14k€-5k▲
Financial charges65/66B€140€159▲
Recurring financial charges65€140€159▲
Profit (loss) for the period before taxes9903€-14k€-5k▲
Profit (loss) for the period9904€-14k€-5k▲
Profit (loss) for the period to be appropriated9905€-14k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-85k€-90k▼
Profit (loss) brought forward from the previous period14P€-71k€-85k▼
The notes to these accounts (13 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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gingelom · 1 establishment unit since 1980
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.
Steenweg 2103890 GingelomGround area
881 m²
Building footprint
197 m²
Volume, LiDAR
1,616 m³
Parcel 71017B0604/00K000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Steenweg 210, 3890 Gingelom
since 19802.017.346.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71017B0604/00K000 | Flanders | 881 m² | 1 · 197 m² | 10.2 m · 3 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
DAISELS VLEESCENTER
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PH LIQUIDE BELGIUM
BE 0448.460.692
Aalter · Eq €773
M.Q.P. QUEEN'S CHOCOLATE
BE 0863.277.432
Oupeye · Eq €332
VLEESHANDEL BECKERS
BE 0454.141.132
Bree · Eq €1k
KnessMeat
BE 0895.787.773
Aalter · Eq €1k
Of 756 companies in sector 46321 we hold annual accounts for 551. 14 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-02-1980
Fiscal year end31-12
Activities, NACEBEL
46321Wholesale of meat and meat products, excluding game and poultry
51321
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.