Delhaize Izegem
ActiveSummary
The computed 12-month bankruptcy probability of Delhaize Izegem is 1.7% (moderate). The 2025 annual accounts show equity of €1.3m and a net result of €501,893. Its solvency ranks better than 44% of 10485 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-10
Solvency57▲+6
Growth52
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 3.24 against 1.42 in 2024; short-term debt: 28.6% and cash: 66% of total assets), but 68.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
31.8%
Return on assets
12%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
28 d early
2024
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 21 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 employer in Izegem, Wholesale and retail trade sector
Equity
€1.3m▲ 50.0%
2024 · €883,450
Total assets
€4.2m▲ 24.9%
2024 · €3.3m
Net result
€501,893▼ 26.6%
2024 · €683,450
Working capital
€2.7m▲ 188%
2024 · €927,359
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€922,624-€650,605▼ 29.5%
Net result€683,450-€501,893▼ 26.6%
Equity€883,450-€1.3m▲ 50.0%
Total assets€3.3m-€4.2m▲ 24.9%
Debt€2.5m-€2.8m▲ 15.9%
Working capital€927,359-€2.7m▲ 188%
Staff (FTE)41.7-40.1▼ 3.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Equity +50% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€303,626 ▲ 54.8%
Current assets
€3.9m ▲ 23.1%
Equity and liabilities €4.2m
Equity
€1.3m ▲ 50.0%
Debt
€2.8m ▲ 15.9%
Debt's share of the balance-sheet total falls from 73.5% to 68.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€712,035▼
2024 · €941,619
Cash flow
€563,323▼
2024 · €702,446
Current ratio
3.24▲
2024 · 1.42
Quick ratio
2.47▲
2024 · 0.97
Debt to equity
2.15▼
2024 · 2.78
ROE
37.9%▼
2024 · 77.4%
ROA
12.0%▼
2024 · 20.5%
Interest coverage
31.71▼
2024 · 48.09
Debt ≤ 1 year
€1.2m▼
2024 · €2.2m
Debt > 1 year
€1.6m▲
2024 · €210,000
Income taxes
€152,919▼
2024 · €236,670
Staff costs
€2.2m▼
2024 · €3.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,126 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,126 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €5,250 | - |
| Remuneration, social security and pensions62 | €3.4m | €2.2m | ▼ 36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,995 | €61,430 | ▲ 223% |
| Other operating charges640/8 | €55,551 | €7,173 | ▼ 87.1% |
| Gross operating margin9900 | €4.4m | €2.9m | ▼ 34.6% |
| Operating profit (loss)9901 | €922,624 | €650,605 | ▼ 29.5% |
| Financial income75/76B | €17,077 | €26,662 | ▲ 56.1% |
| Recurring financial income75 | €17,077 | €26,662 | ▲ 56.1% |
| Financial charges65/66B | €19,580 | €22,456 | ▲ 14.7% |
| Recurring financial charges65 | €19,580 | €22,456 | ▲ 14.7% |
| Profit (loss) for the period before taxes9903 | €920,121 | €654,812 | ▼ 28.8% |
| Income taxes67/77 | €236,670 | €152,919 | ▼ 35.4% |
| Profit (loss) for the period9904 | €683,450 | €501,893 | ▼ 26.6% |
| Profit (loss) for the period to be appropriated9905 | €683,450 | €501,893 | ▼ 26.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3.3m | €4.2m | ▲ 24.9% |
| Fixed assets21/28 | €196,188 | €303,626 | ▲ 54.8% |
| Tangible fixed assets22/27 | €196,150 | €303,626 | ▲ 54.8% |
| Plant, machinery and equipment23 | €185,050 | €287,039 | ▲ 55.1% |
| Furniture and vehicles24 | - | €1,497 | - |
| Other tangible fixed assets26 | €11,100 | €15,090 | ▲ 35.9% |
| Financial fixed assets28 | €38 | €0 | ▼ 100% |
| Current assets29/58 | €3.1m | €3.9m | ▲ 23.1% |
| Stocks and contracts in progress3 | €988,689 | €919,791 | ▼ 7.0% |
| Stocks30/36 | €988,689 | €919,791 | ▼ 7.0% |
| Amounts receivable within one year40/41 | €199,949 | €180,245 | ▼ 9.9% |
| Trade receivables40 | €195,128 | €168,117 | ▼ 13.8% |
| Other amounts receivable41 | €4,821 | €12,129 | ▲ 152% |
| Current investments50/53 | €750,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1.2m | €2.8m | ▲ 130% |
| Deferred charges and accrued income490/1 | €4,921 | €14,668 | ▲ 198% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3.3m | €4.2m | ▲ 24.9% |
| Equity10/15 | €883,450 | €1.3m | ▲ 50.0% |
| Contributions10/11 | €200,000 | €200,000 | = |
| Reserves13 | €683,450 | €1.1m | ▲ 64.7% |
| Distributable reserves133 | €683,450 | €1.1m | ▲ 64.7% |
| Profit (loss) carried forward14 | - | €0 | - |
| Amounts payable17/49 | €2.5m | €2.8m | ▲ 15.9% |
| Amounts payable after more than one year17 | €210,000 | €1.6m | ▲ 668% |
| Financial debts170/4 | €210,000 | €1.6m | ▲ 668% |
| Amounts payable within one year42/48 | €2.2m | €1.2m | ▼ 46.1% |
| Trade debts44 | €1.6m | €446,296 | ▼ 72.5% |
| Suppliers440/4 | €1.6m | €446,296 | ▼ 72.5% |
| Taxes, remuneration and social security45 | €588,348 | €681,772 | ▲ 15.9% |
| Taxes450/3 | €270,031 | €397,014 | ▲ 47.0% |
| Remuneration and social security454/9 | €318,317 | €284,759 | ▼ 10.5% |
| Other amounts payable47/48 | €6,739 | €64,978 | ▲ 864% |
| Accrued charges and deferred income492/3 | €30,096 | €39,344 | ▲ 30.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €683,450 | €501,893 | ▼ 26.6% |
| + Depreciation and write-downs630 | €18,995 | €61,430 | ▲ 223% |
| Operating cash flow (approximation) | €702,446 | €563,323 | ▼ 19.8% |
| Investment in fixed assets (approximation) | - | -€168,868 | - |
| Change in cash | - | €1.6m | - |
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 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 3.24
Current ratio from 1.42 to 3.24; short-term debt falls from €2.2m to €1.2m.
31-12
Financial
Equity above €1mEq €1.3m ▲50%
2 profitable years in a row build equity to €1.3m.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
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
1 act for this company is 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, Izegem · 1 establishment unit since 2023
Ground area
1.1 ha
Building footprint
4,625 m²
Volume, LiDAR
21,203 m³
Parcel 36008C0281/00H002, Flanders · tallest building 15.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Delhaize Izegem
since 20232.348.726.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008C0281/00H002 | Flanders | 1.1 ha | 1 · 4,625 m² | 15.5 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 3,466 EUR awarded · 3,145 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 641 EUR | 320 EUR |
| 2024 | 2 | 2,825 EUR | 2,825 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteIzegem2.348.726.920
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 1,936 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0804835724
Also
9925:BE0804835724
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.