DELHAIZE HEUSDEN
ActiveDELHAIZE HEUSDEN has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €698k. Equity is growing by ~48.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-18
Solvency40▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.57 against 1.02 in 2024; short-term debt: 58% and cash: 20.3% of total assets), and 85.4% 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
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 · 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 · 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
14.6%
Return on assets
9.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 4123 sector peers (2025).
NBB · sector comparisonPosition among 4123 sector peers
Solvency
better than 25%
← weakest
strongest →
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
30 d late
2022
30 d late
2021
30 d late
2020
32 d late
2019
91 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€698k▼ 33.9%
2024 · €1.06M
2018: €544k
2019: €282k
2020: €954k
2021: €1.05M
2022: €987k
2023: €1.13M
2024: €1.06M
2018 → 2025
Working capital
€-1.83M
2024 · €75k
2018: €52k
2019: €24k
2020: €269k
2021: €203k
2022: €-83k
2023: €-112k
2024: €75k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€178k-€186k▲ 4.1%€916k▲ 393%€1.07M▲ 17.0%€1.08M▲ 0.7%
Operating result€1.08M-€1.03M▼ 4.9%€1.35M▲ 31.5%€1.41M▲ 4.5%€965k▼ 31.8%
Net result€1.05M-€987k▼ 6.0%€1.13M▲ 14.4%€1.06M▼ 6.6%€698k▼ 33.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.38M
Fixed assets
€4.92M▲ 311%
Current assets
€2.46M▼ 21.6%
Equity and liabilities €7.38M
Equity
€1.08M▲ 0.7%
Debt
€6.30M▲ 93.2%
The debt ratio rises from 75.3% to 85.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.32M▼
2024 · €1.65M
Cash flow
€1.06M▼
2024 · €1.29M
Solvency
14.6%▼
2024 · 24.7%
Current ratio
0.57▼
2024 · 1.02
Quick ratio
0.43▼
2024 · 0.83
Debt / equity
5.84▲
2024 · 3.04
ROE
64.7%▼
2024 · 98.5%
ROA
9.5%▼
2024 · 24.4%
Interest coverage
17.50▼
2024 · 43.94
Debt
€6.30M▲
2024 · €3.26M
Debt ≤ 1 year
€4.28M▲
2024 · €3.06M
Debt > 1 year
€1.87M
Income taxes
€255k▼
2024 · €380k
Staff costs
€2.19M▼
2024 · €2.24M
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€4.33M€7.38M▲
Fixed assets21/28€1.20M€4.92M▲
Tangible fixed assets22/27€1.20M€4.92M▲
Plant, machinery and equipment23€280k€1.23M▲
Furniture and vehicles24€173k€167k▼
Other tangible fixed assets26€746k€3.53M▲
Current assets29/58€3.13M€2.46M▼
Stocks and contracts in progress3€580k€610k▲
Stocks30/36€580k€610k▲
Amounts receivable within one year40/41€239k€273k▲
Trade receivables40€239k€233k▼
Other amounts receivable41-€39k
Current investments50/53€585k€70k▼
Cash at bank and in hand54/58€1.73M€1.49M▼
Deferred charges and accrued income490/1-€9k
Equity and liabilities
Total equity and liabilities10/49€4.33M€7.38M▲
Equity10/15€1.07M€1.08M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.01M€1.02M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€1.00M€1.01M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€3.26M€6.30M▲
Amounts payable after more than one year17-€1.87M
Trade debts175-€1.87M
Amounts payable within one year42/48€3.06M€4.28M▲
Current portion of amounts payable after more than one year42€36k€1.35M▲
Trade debts44€1.32M€599k▼
Suppliers440/4€1.32M€599k▼
Taxes, remuneration and social security45€317k€323k▲
Taxes450/3€82k€73k▼
Remuneration and social security454/9€236k€250k▲
Other amounts payable47/48€1.39M€2.01M▲
Accrued charges and deferred income492/3€203k€148k▼
Income statement
Code20242025
Remuneration, social security and pensions62€2.24M€2.19M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€238k€360k▲
Other operating charges640/8€29k€30k▲
Gross operating margin9900€3.92M€3.55M▼
Operating profit (loss)9901€1.41M€965k▼
Financial income75/76B€58k€63k▲
Recurring financial income75€58k€63k▲
Financial charges65/66B€38k€76k▲
Recurring financial charges65€38k€76k▲
Profit (loss) for the period before taxes9903€1.44M€952k▼
Income taxes67/77€380k€255k▼
Profit (loss) for the period9904€1.06M€698k▼
Profit (loss) for the period to be appropriated9905€1.06M€698k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.06M€698k▼
Transfer to equity691/2€156k€8k▼
To the legal reserve6920-€0
To other reserves6921€156k€8k▼
Profit to be distributed694/7€900k€690k▼
Return on contributions (dividend)694€900k€690k▼
Social balance
Average headcount (FTE)908751.352.0▲
The notes to these accounts (16 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 · full schema · 31 days late
21-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Permanent representative3 facts ▸
- General meeting, 2025-12-16
- Director appointment, Ludena BV (bestuurder)
- Permanent representative, Lukas Denayer
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Equity above €1MEq €1.07M ▲17%
7 profitable years in a row build equity to €1.07M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €1.13M ▲14.4%
Net result €1.13M, the highest in the series.
31-12
Financial
Equity above €500kEq €916k ▲393%
6 profitable years in a row build equity to €916k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Equity above €150kEq €178k ▲20.4%
4 profitable years in a row build equity to €178k.
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 32 days late
2020
31-12
Financial
Equity above €100kEq €148k ▲49.3%
3 profitable years in a row build equity to €148k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €282k ▼48.1%
Net result drops to €282k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2025
Ludena
CurrentDirector · since 16-12-2025 · Private limited company · perm. rep.: Lukas Denayer
16-12-2025
Appointed as Director
Location & real-estate footprint
Registered office, Destelbergen · 1 establishment unit since 1975
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.
Meersstraat(HEU) 129070 DestelbergenGround area
5,812 m²
Building footprint
2,143 m²
Volume, LiDAR
9,985 m³
Parcel 44028A0697/00C004, Flanders · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DELHAIZE HEUSDEN
since 19752.011.253.527
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028A0697/00C004 | Flanders | 5,812 m² | 1 · 2,143 m² | 6.0 m · 2 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.
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
DELHAIZE HEUSDENBE 0412.905.244
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 98,930 EUR awarded · 48,075 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 6,456 EUR | 6,456 EUR |
| 2024 | 2 | 7,714 EUR | 7,714 EUR |
| 2023 | 2 | 81,612 EUR | 30,757 EUR |
| 2022 | 2 | 3,148 EUR | 3,148 EUR |
Schemes
Ecologiepremie+
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Premie kwalificerend werkplekleren
Vlaams opleidingsverlof (VOV)
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteDestelbergen2.011.253.527
Dual-learning approval
8 live approvals · 1 endedCulinair slager duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Onthaal, organisatie en sales duaal (so)
Slager-spekslager (vwo)
Slagerij duaal (so)
Show 2 more
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Legal Entity Identifier
984500E1ACA000WA9Z54
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Of 10,530 companies in sector 47110 we hold annual accounts for 5,858. 2,162 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-01-1973
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
52114
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.