DELGELEC
ActiveDELGELEC has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86k and a net result of €15k. Equity is shrinking by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 10289 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+33
Solvency92▲+10
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.58 in 2024; short-term debt: 33% and cash: 16.6% of total assets), and 33.2% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
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
66.8%
Return on assets
11.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
26 d late
2022
28 d late
2021
29 d late
2020
30 d late
2019
35 d late
← 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, abbreviated schema
Equity
€86k▲ 20.3%
2024 · €72k
2018: €221k
2019: €268k
2020: €238k
2021: €195k
2022: €128k
2023: €91k
2024: €72k
2018 → 2025
Total assets
€129k▲ 3.3%
2024 · €125k
2018: €390k
2019: €373k
2020: €330k
2021: €268k
2022: €191k
2023: €147k
2024: €125k
2018 → 2025
Net result
€15k
2024 · €-19k
2018: €-38k
2019: €46k
2020: €-30k
2021: €-44k
2022: €-67k
2023: €-37k
2024: €-19k
2018 → 2025
Working capital
€723
2024 · €-22k
2018: €-78k
2019: €91k
2020: €52k
2021: €21k
2022: €-16k
2023: €-26k
2024: €-22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€195k-€128k▼ 34.2%€91k▼ 28.9%€72k▼ 21.3%€86k▲ 20.3%
Operating result€-44k-€-66k▼ 52.4%€-36k▲ 45.9%€-19k▲ 46.8%€16k
Net result€-44k-€-67k▼ 52.4%€-37k▲ 44.5%€-19k▲ 47.6%€15k
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 returns to profit in 2025: €16k after a loss of €19k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129k
Fixed assets
€86k▼ 9.1%
Current assets
€43k▲ 41.4%
Equity and liabilities €129k
Equity
€86k▲ 20.3%
Debt
€43k▼ 19.6%
The debt ratio falls from 42.6% to 33.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▲
2024 · €10k
Cash flow
€23k▲
2024 · €9k
Solvency
66.8%▲
2024 · 57.4%
Current ratio
1.02▲
2024 · 0.58
Quick ratio
0.78▲
2024 · 0.55
Debt / equity
0.50▼
2024 · 0.74
ROE
16.9%▲
2024 · -27.0%
ROA
11.3%▲
2024 · -15.5%
Interest coverage
673.24▲
2024 · 283.47
Debt
€43k▼
2024 · €53k
Debt ≤ 1 year
€43k▼
2024 · €53k
Staff costs
€56k▲
2024 · €54k
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€125k€129k▲
Fixed assets21/28€94k€86k▼
Tangible fixed assets22/27€94k€86k▼
Land and buildings22€87k€84k▼
Furniture and vehicles24€7k€2k▼
Financial fixed assets28€104€104=
Current assets29/58€31k€43k▲
Stocks and contracts in progress3€2k€10k▲
Stocks30/36€2k€10k▲
Amounts receivable within one year40/41€16k€10k▼
Trade receivables40€15k€9k▼
Other amounts receivable41€1k€756▼
Cash at bank and in hand54/58€8k€21k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€125k€129k▲
Equity10/15€72k€86k▲
Contributions10/11€790k€790k=
Capital10€790k€790k=
Issued capital100€790k€790k=
Profit (loss) carried forward14€-718k€-704k▲
Amounts payable17/49€53k€43k▼
Amounts payable within one year42/48€53k€43k▼
Trade debts44€9k€2k▼
Suppliers440/4€9k€2k▼
Taxes, remuneration and social security45€14k€20k▲
Remuneration and social security454/9€14k€20k▲
Other amounts payable47/48€30k€20k▼
Accrued charges and deferred income492/3€188€180▼
Income statement
Code20242025
Remuneration, social security and pensions62€54k€56k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€9k▼
Other operating charges640/8€9k€10k▲
Gross operating margin9900€72k€90k▲
Operating profit (loss)9901€-19k€16k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€244€1k▲
Recurring financial charges65€34€36▲
Non-recurring financial charges66B€210€1k▲
Profit (loss) for the period before taxes9903€-19k€15k▲
Profit (loss) for the period9904€-19k€15k▲
Profit (loss) for the period to be appropriated9905€-19k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-718k€-704k▲
Profit (loss) brought forward from the previous period14P€-699k€-718k▼
The notes to these accounts (4 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €15k
Net result €15k after 5 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.87
Current ratio from 0.53 to 1.87; short-term debt falls from €164k to €105k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Huy · 1 establishment unit since 2001
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.
Quai de Compiègne 684500 Huy1 establishment unit
Quai de Compiègne 68, 4500 Huy
since 20012.098.588.169
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ATRICO
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MASTERING COMPANY
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JUMATOM
BE 0882.695.446
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KHEPRI
BE 0872.187.574
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AC - I S L
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Liège · Eq €93k
Of 949 companies in sector 47792 we hold annual accounts for 184. 131 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-10-2001
Fiscal year end31-12
Activities, NACEBEL
47792Retail sale of second-hand clothing
52502
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filings
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.