DELFIN
ActiveSummary
DELFIN has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €186,043 and a net result of -€2,571. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 95% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 9.59; short-term debt: 4.8% and cash: 44.1% of total assets), and 4.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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 · 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 2024Solvency, return and age of the figures
Solvency
95.2%
Return on assets
-1.3%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
36 d early
2022
49 d early
2021
on the day
2020
31 d late
2019
18 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 2 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#3 oldest company in Leuven, Telecoms and IT sector
Equity
€186,043▼ 1.4%
2023 · €188,615
Total assets
€195,495▲ 2.8%
2023 · €190,135
Net result
-€2,571▲ 35.9%
2023 · -€4,010
Working capital
€81,226▼ 47.6%
2023 · €154,885
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20202021202220232024
Operating result€14,117▲ 96.4%€3,648▼ 74.2%€610▼ 83.3%-€3,938-€3,500▲ 11.1%
Net result€9,378within the sector's middle half▲ 86.1%€2,576below the sector's middle half▼ 72.5%€381below the sector's middle half▼ 85.2%-€4,010below the sector's middle half-€2,571below the sector's middle half▲ 35.9%
Equity€189,668above the sector's middle half▲ 5.2%€192,244above the sector's middle half▲ 1.4%€192,625above the sector's middle half▲ 0.2%€188,615above the sector's middle half▼ 2.1%€186,043above the sector's middle half▼ 1.4%
Total assets€197,011within the sector's middle half▲ 6.4%€194,641within the sector's middle half▼ 1.2%€196,624within the sector's middle half▲ 1.0%€190,135within the sector's middle half▼ 3.3%€195,495within the sector's middle half▲ 2.8%
Debt€7,343▲ 48.9%€2,397▼ 67.4%€3,999▲ 66.8%€1,520▼ 62.0%€9,452▲ 522%
Working capital€153,765above the sector's middle half▲ 7.1%€157,066above the sector's middle half▲ 2.1%€158,171above the sector's middle half▲ 0.7%€154,885above the sector's middle half▼ 2.1%€81,226within the sector's middle half▼ 47.6%
Solvency96.3%above the sector's middle half▼ 1.1pp98.8%above the sector's middle half▲ 2.5pp98.0%above the sector's middle half▼ 0.8pp99.2%above the sector's middle half▲ 1.2pp95.2%above the sector's middle half▼ 4.0pp
Current ratio21.94above the sector's middle half▼ 8.1966.53above the sector's middle half▲ 44.5940.55above the sector's middle half▼ 25.979.59above the sector's middle half
Return on assets (ROA)4.8%within the sector's middle half▲ 2.0pp1.3%below the sector's middle half▼ 3.4pp0.2%below the sector's middle half▼ 1.1pp-2.1%below the sector's middle half▼ 2.3pp-1.3%below the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,500 in 2024 against €3,938 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €195,495
Fixed assets
€104,817 ▲ 211%
Current assets
€90,678 ▼ 42.0%
Equity and liabilities €195,495
Equity
€186,043 ▼ 1.4%
Debt
€9,452 ▲ 522%
Debt's share of the balance-sheet total rises from 0.8% to 4.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,000▲
2023 · -€3,214
Cash flow
-€1,071▲
2023 · -€3,286
Debt to equity
0.05▲
2023 · 0.01
ROE
-1.4%▲
2023 · -2.1%
Interest coverage
-23.58▲
2023 · -38.26
Debt ≤ 1 year
€9,452▲
2023 · €1,520
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 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% | 1.9% |
| 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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €782 | €724 | €724 | €724 | €1,500 | ▲ 107% |
| Other operating charges640/8 | - | €2,756 | €2,825 | €3,088 | €2,951 | ▼ 4.4% |
| Gross operating margin9900 | €17,634 | €7,128 | €4,159 | -€126 | €951 | ▲ 855% |
| Operating profit (loss)9901 | €14,117 | €3,648 | €610 | -€3,938 | -€3,500 | ▲ 11.1% |
| Financial income75/76B | - | - | - | €12 | €1,013 | ▲ 8,345% |
| Recurring financial income75 | - | - | - | €12 | €1,013 | ▲ 8,345% |
| Financial charges65/66B | - | €52 | €84 | €84 | €85 | ▲ 1.0% |
| Recurring financial charges65 | €36 | €52 | €84 | €84 | €85 | ▲ 1.0% |
| Profit (loss) for the period before taxes9903 | €14,081 | €3,596 | €526 | -€4,010 | -€2,571 | ▲ 35.9% |
| Income taxes67/77 | €4,703 | €1,020 | €145 | - | - | - |
| Profit (loss) for the period9904 | €9,378 | €2,576 | €381 | -€4,010 | -€2,571 | ▲ 35.9% |
| Profit (loss) for the period to be appropriated9905 | €9,378 | €2,576 | €381 | -€4,010 | -€2,571 | ▲ 35.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €197,011 | €194,641 | €196,624 | €190,135 | €195,495 | ▲ 2.8% |
| Fixed assets21/28 | €35,903 | €35,178 | €34,454 | €33,730 | €104,817 | ▲ 211% |
| Tangible fixed assets22/27 | €35,903 | €35,178 | €34,454 | €33,730 | €104,817 | ▲ 211% |
| Land and buildings22 | - | €35,178 | €34,454 | €33,730 | €97,424 | ▲ 189% |
| Plant, machinery and equipment23 | - | - | - | - | €7,393 | - |
| Current assets29/58 | €161,108 | €159,463 | €162,170 | €156,405 | €90,678 | ▼ 42.0% |
| Amounts receivable within one year40/41 | €10,015 | €1,004 | €17,330 | €3,031 | €4,010 | ▲ 32.3% |
| Trade receivables40 | - | - | €16,577 | €500 | €3,710 | ▲ 642% |
| Other amounts receivable41 | - | €1,004 | €753 | €2,531 | €300 | ▼ 88.1% |
| Cash at bank and in hand54/58 | €150,401 | €157,740 | €144,053 | €153,024 | €86,271 | ▼ 43.6% |
| Deferred charges and accrued income490/1 | - | €719 | €787 | €350 | €397 | ▲ 13.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €197,011 | €194,641 | €196,624 | €190,135 | €195,495 | ▲ 2.8% |
| Equity10/15 | €189,668 | €192,244 | €192,625 | €188,615 | €186,043 | ▼ 1.4% |
| Contributions10/11 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Capital10 | - | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Issued capital100 | - | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Reserves13 | €40,902 | €43,478 | €43,859 | €43,859 | €43,858 | = |
| Non-distributable reserves130/1 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Legal reserve130 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Distributable reserves133 | - | €36,978 | €37,359 | €37,359 | €37,358 | = |
| Profit (loss) carried forward14 | €83,766 | €83,766 | €83,766 | €79,756 | €77,185 | ▼ 3.2% |
| Amounts payable17/49 | €7,343 | €2,397 | €3,999 | €1,520 | €9,452 | ▲ 522% |
| Amounts payable within one year42/48 | €7,343 | €2,397 | €3,999 | €1,520 | €9,452 | ▲ 522% |
| Trade debts44 | €1,732 | €491 | €1,974 | €944 | €4,638 | ▲ 391% |
| Suppliers440/4 | - | €491 | €1,974 | €944 | €4,638 | ▲ 391% |
| Taxes, remuneration and social security45 | - | €1,020 | €1,165 | - | €3,788 | - |
| Taxes450/3 | - | €1,020 | €1,165 | - | €3,788 | - |
| Other amounts payable47/48 | - | €886 | €860 | €576 | €1,026 | ▲ 78.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,378 | €2,576 | €381 | -€4,010 | -€2,571 | ▲ 35.9% |
| + Depreciation and write-downs630 | €782 | €724 | €724 | €724 | €1,500 | ▲ 107% |
| Operating cash flow (approximation) | €10,160 | €3,300 | €1,105 | -€3,286 | -€1,071 | ▲ 67.4% |
| Investment in fixed assets (approximation) | - | €1 | €0 | €0 | -€72,586 | - |
| Change in cash | - | €7,339 | -€13,687 | €8,971 | -€66,753 | ▼ 844% |
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
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€4,010
Net result drops to -€4,010, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 102.90
Current ratio from 40.55 to 102.90; short-term debt falls from €3,999 to €1,520.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 66.53
Current ratio from 21.94 to 66.53; short-term debt falls from €7,343 to €2,397.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €9,378 ▲86.1%
Operating result €14,117, net result €9,378, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Leuven · 1 establishment unit since 1985
Ground area
467 m²
Building footprint
324 m²
Volume, LiDAR
4,203 m³
2 parcels, Flanders · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Oude Mechelsestraat 165, 1853 Grimbergen
since 19852.027.910.902
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0134/00G004 | Flanders | 264 m² | 1 · 121 m² | 17.7 m · 5 fl. |
| 23084A0067/00C000 | Flanders | 203 m² | 1 · 203 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 16,915 companies in sector 62100 we hold annual accounts for 8,786. 6,702 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-08-1985
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427776235
Also
9925:BE0427776235
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.