DELFILATURE
ActiveSummary
DELFILATURE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €104,274 and a net result of €219,330. Equity is growing by ~50.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 78 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability67▼-5
Solvency30=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.73 in 2025; short-term debt: 72.9% and cash: 9.6% of total assets), and 94.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
5.1%
Return on assets
10.7%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 78 sector peers (2026).
NBB · sector comparisonPosition among 78 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
47 d early
2025
21 d early
2024
20 d early
2023
32 d early
2022
3 d early
2021
16 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 10 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, full schema
In the rankings
#5 company by total assets in Frameries, Professional and technical services sector#10 company by staff growth in Frameries
Turnover
€10.6m▼ 6.8%
2025 · €11.4m
EBIT margin
3.2%▼ 1.0pp
2025 · 4.2%
Net result
€219,330▼ 31.2%
2025 · €318,927
Working capital
-€412,153▼ 3.3%
2025 · -€398,848
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Turnover€8.2m▲ 148%€9.6m▲ 16.6%€11.4m▲ 18.2%€11.4m▲ 0.2%€10.6m▼ 6.8%
Operating result€89,107€380,840▲ 327%€427,887▲ 12.4%€475,312▲ 11.1%€339,331▼ 28.6%
Net result€54,642€288,132▲ 427%€285,764▼ 0.8%€318,927▲ 11.6%€219,330▼ 31.2%
EBIT margin1.1%▲ 6.2pp4.0%▲ 2.9pp3.8%▼ 0.2pp4.2%▲ 0.4pp3.2%▼ 1.0pp
Equity-€82,880▲ 39.7%€50,253€86,016▲ 71.2%€104,944▲ 22.0%€104,274▼ 0.6%
Total assets€2.2m▼ 15.7%€2.3m▲ 6.0%€2.3m▲ 0.8%€2.2m▼ 6.5%€2.1m▼ 4.9%
Debt€2.2m▼ 16.9%€2.2m▼ 0.1%€2.2m▼ 0.8%€2.1m▼ 7.6%€2.0m▼ 5.2%
Working capital-€356,227▼ 50.5%-€455,409▼ 27.8%-€411,908▲ 9.6%-€398,848▲ 3.2%-€412,153▼ 3.3%
Staff (FTE)18▲ 89.5%15.7▼ 12.8%18▲ 14.6%16.5▼ 8.3%17.5▲ 6.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 29% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €2.1m
Fixed assets
€968,362 ▼ 11.1%
Current assets
€1.1m ▲ 1.4%
Equity and liabilities €2.1m
Equity
€104,274 ▼ 0.6%
Debt
€2.0m ▼ 5.2%
Debt's share of the balance-sheet total falls from 95.1% to 94.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€471,960▼
2025 · €620,266
Cash flow
€351,959▼
2025 · €463,881
Current ratio
0.73▼
2025 · 0.73
Quick ratio
0.27▼
2025 · 0.32
Debt to equity
18.71▼
2025 · 19.61
ROE
210.3%▼
2025 · 303.9%
ROA
10.7%▼
2025 · 14.7%
Interest coverage
33.12▼
2025 · 37.63
Debt ≤ 1 year
€1.5m▲
2025 · €1.5m
Debt > 1 year
€451,856▼
2025 · €579,319
Income taxes
€79,954▼
2025 · €117,097
Staff costs
€506,687▲
2025 · €452,325
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 875 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
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €8.3m | €9.7m | €11.4m | €11.4m | €10.7m | ▼ 6.5% |
| Turnover70 | €8.2m | €9.6m | €11.4m | €11.4m | €10.6m | ▼ 6.8% |
| Other operating income74 | €75,768 | €78,117 | €38,503 | €28,674 | €68,388 | ▲ 138% |
| Operating charges60/66A | €8.2m | €9.3m | €11.0m | €10.9m | €10.3m | ▼ 5.5% |
| Goods for resale, raw materials and consumables60 | €6.9m | €7.9m | €9.5m | €9.3m | €8.9m | ▼ 5.1% |
| Purchases600/8 | €6.9m | €8.0m | €9.4m | €9.5m | €8.9m | ▼ 5.4% |
| Change in stocks: decrease (increase)609 | €34,780 | -€99,366 | €74,269 | -€117,080 | -€81,389 | ▲ 30.5% |
| Services and other goods61 | €639,564 | €817,916 | €845,909 | €987,775 | €818,879 | ▼ 17.1% |
| Remuneration, social security and pensions62 | €501,946 | €423,395 | €486,495 | €452,325 | €506,687 | ▲ 12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €153,340 | €154,434 | €149,875 | €144,954 | €132,629 | ▼ 8.5% |
| Other operating charges640/8 | €3,341 | €2,927 | €6,685 | €5,319 | €4,707 | ▼ 11.5% |
| Operating profit (loss)9901 | €89,107 | €380,840 | €427,887 | €475,312 | €339,331 | ▼ 28.6% |
| Financial charges65/66B | €34,465 | €35,809 | €39,633 | €39,288 | €40,047 | ▲ 1.9% |
| Recurring financial charges65 | €34,465 | €35,809 | €39,633 | €39,288 | €40,047 | ▲ 1.9% |
| Debt charges650 | €16,753 | €16,075 | €15,667 | €16,484 | €14,250 | ▼ 13.6% |
| Other financial charges652/9 | €17,712 | €19,734 | €23,966 | €22,804 | €25,797 | ▲ 13.1% |
| Profit (loss) for the period before taxes9903 | €54,642 | €345,031 | €388,253 | €436,024 | €299,284 | ▼ 31.4% |
| Income taxes67/77 | - | €56,898 | €102,489 | €117,097 | €79,954 | ▼ 31.7% |
| Taxes670/3 | - | €56,898 | €102,489 | €117,097 | €79,954 | ▼ 31.7% |
| Profit (loss) for the period9904 | €54,642 | €288,132 | €285,764 | €318,927 | €219,330 | ▼ 31.2% |
| Profit (loss) for the period to be appropriated9905 | €54,642 | €288,132 | €285,764 | €318,927 | €219,330 | ▼ 31.2% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.3m | €2.3m | €2.2m | €2.1m | ▼ 4.9% |
| Fixed assets21/28 | €1.5m | €1.3m | €1.2m | €1.1m | €968,362 | ▼ 11.1% |
| Intangible fixed assets21 | €11,786 | €7,986 | €4,186 | €386 | - | - |
| Tangible fixed assets22/27 | €1.5m | €1.3m | €1.2m | €1.1m | €966,862 | ▼ 11.1% |
| Land and buildings22 | €816,694 | €773,596 | €745,567 | €713,821 | €669,953 | ▼ 6.1% |
| Plant, machinery and equipment23 | €470,998 | €425,282 | €369,467 | €322,512 | €272,491 | ▼ 15.5% |
| Furniture and vehicles24 | €183,032 | €135,002 | €88,968 | €51,391 | €24,418 | ▼ 52.5% |
| Financial fixed assets28 | - | - | €1,500 | €1,500 | €1,500 | = |
| Other financial fixed assets284/8 | - | - | €1,500 | €1,500 | €1,500 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €682,153 | €952,856 | €1.1m | €1.1m | €1.1m | ▲ 1.4% |
| Amounts receivable after more than one year29 | - | - | €75,000 | €75,000 | €80,000 | ▲ 6.7% |
| Other amounts receivable291 | - | - | €75,000 | €75,000 | €80,000 | ▲ 6.7% |
| Stocks and contracts in progress3 | €461,731 | €561,097 | €486,829 | €603,909 | €685,298 | ▲ 13.5% |
| Stocks30/36 | €461,731 | €561,097 | €486,829 | €603,909 | €685,298 | ▲ 13.5% |
| Goods purchased for resale34 | €461,731 | €561,097 | €486,829 | €603,909 | €685,298 | ▲ 13.5% |
| Amounts receivable within one year40/41 | €80,279 | €77,726 | €57,574 | €57,839 | €91,271 | ▲ 57.8% |
| Trade receivables40 | €42,375 | €45,694 | €55,140 | €54,501 | €34,273 | ▼ 37.1% |
| Other amounts receivable41 | €37,904 | €32,032 | €2,434 | €3,338 | €56,998 | ▲ 1,608% |
| Cash at bank and in hand54/58 | €129,839 | €299,359 | €470,615 | €305,884 | €196,423 | ▼ 35.8% |
| Deferred charges and accrued income490/1 | €10,303 | €14,674 | €13,416 | €30,149 | €34,324 | ▲ 13.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.3m | €2.3m | €2.2m | €2.1m | ▼ 4.9% |
| Equity10/15 | -€82,880 | €50,253 | €86,016 | €104,944 | €104,274 | ▼ 0.6% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | - | - | €30,000 | €50,000 | €50,000 | = |
| Distributable reserves133 | - | - | €30,000 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€132,880 | €253 | €6,016 | €4,944 | €4,274 | ▼ 13.5% |
| Amounts payable17/49 | €2.2m | €2.2m | €2.2m | €2.1m | €2.0m | ▼ 5.2% |
| Amounts payable after more than one year17 | €1.2m | €829,705 | €705,263 | €579,319 | €451,856 | ▼ 22.0% |
| Financial debts170/4 | €952,663 | €829,705 | €705,263 | €579,319 | €451,856 | ▼ 22.0% |
| Credit institutions173 | €952,663 | €829,705 | €705,263 | €579,319 | €451,856 | ▼ 22.0% |
| Other amounts payable178/9 | €250,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 1.9% |
| Current portion of amounts payable after more than one year42 | €181,155 | €186,936 | €267,328 | €243,722 | €253,940 | ▲ 4.2% |
| Financial debts43 | €3,880 | €8,010 | - | €7,630 | €6,500 | ▼ 14.8% |
| Credit institutions430/8 | €3,880 | €8,010 | - | €7,630 | €6,500 | ▼ 14.8% |
| Trade debts44 | €768,550 | €901,729 | €865,375 | €753,256 | €870,162 | ▲ 15.5% |
| Suppliers440/4 | €768,550 | €901,729 | €865,375 | €753,256 | €870,162 | ▲ 15.5% |
| Taxes, remuneration and social security45 | €84,795 | €156,590 | €132,639 | €167,021 | €103,868 | ▼ 37.8% |
| Taxes450/3 | €6,726 | €72,362 | €43,897 | €85,200 | €7,051 | ▼ 91.7% |
| Remuneration and social security454/9 | €78,069 | €84,229 | €88,742 | €81,822 | €96,818 | ▲ 18.3% |
| Other amounts payable47/48 | - | €155,000 | €250,000 | €300,000 | €265,000 | ▼ 11.7% |
| Accrued charges and deferred income492/3 | €6,500 | €6,500 | €6,500 | €6,500 | €79 | ▼ 98.8% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,642 | €288,132 | €285,764 | €318,927 | €219,330 | ▼ 31.2% |
| + Depreciation and write-downs630 | €153,340 | €154,434 | €149,875 | €144,954 | €132,629 | ▼ 8.5% |
| Operating cash flow (approximation) | €207,982 | €442,566 | €435,639 | €463,881 | €351,959 | ▼ 24.1% |
| Investment in fixed assets (approximation) | - | -€13,790 | -€17,697 | -€24,877 | -€11,380 | ▲ 54.3% |
| Change in cash | - | €169,520 | €171,256 | -€164,731 | -€109,461 | ▲ 33.6% |
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 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
31-03
Financial
Highest result since 2021net €318,927 ▲11.6%
Operating result €475,312, net result €318,927, both a record.
31-03
Financial
Equity above €100,000Eq €104,944 ▲22%
4 profitable years in a row build equity to €104,944.
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
31-03
Financial
Back to profitnet €54,642
Net result €54,642 after one loss-making year.
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Frameries · 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.
Av. des Nouvelles Technologies 717080 FrameriesGround area
9,512 m²
Building footprint
2,447 m²
Volume, LiDAR
20,004 m³
Parcel 25015E0402/00C002, Wallonia · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Tubize 102, 1440 Braine-le-Château
since 20202.303.067.238
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25015E0402/00C002 | Wallonia | 9,512 m² | 1 · 2,447 m² | 13.1 m · 2 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.
Structure & network
Owners and holdings
2 ownersChain of control
- COURCELLES RETAIL
- DELFILATURE
Highest known parent: COURCELLES RETAIL. The sources do not say who stands above it.
Owners 2
-
90%
-
10%
Holdings 0
The accounts to 31-03-2026 list no holdings, and no other source names one.
According to the annual accounts to 31-03-2026 of DELFILATURE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBraine-le-Château2.303.067.238
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Company details
Identification
Legal formPrivate limited company
Founded18-03-2020
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
70200Business and other management consultancy
Contact
Phone
065/45.03.80
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745502012
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.