Delhaize Izegem
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 03-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 29% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 47 | 47 |
| full-time | 21 | 21 |
| part-time | 26 | 26 |
| in full-time equivalents | 40.5 | 40.1 |
| Average over the year, in full-time equivalents | 41.7 | 40.1 |
| On a permanent contract | 47 | 47 |
| Joined | 58 | 15 |
| Left | 13 | 15 |
| Training hours | 108 | 109 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €213,517 | €168,906 |
| Intangible fixed assets | €1 | - |
| Financial fixed assets | €38 | €0 |
| Depreciation and write-downs of the year | €18,995 | €61,430 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 3 entries · €3,466 awarded · €3,145 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €641 | €320 |
| 2024 | 2 | €2,825 | €2,825 |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €0.005m | - |
| Remuneration, social security and pensions62 | €3.4m | €2.2m | ▼ 36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.06m | ▲ 223% |
| Other operating charges640/8 | €0.06m | €0.007m | ▼ 87.1% |
| Gross operating margin9900 | €4.4m | €2.9m | ▼ 34.6% |
| Operating profit (loss)9901 | €0.9m | €0.7m | ▼ 29.5% |
| Financial income75/76B | €0.02m | €0.03m | ▲ 56.1% |
| Recurring financial income75 | €0.02m | €0.03m | ▲ 56.1% |
| Financial charges65/66B | €0.02m | €0.02m | ▲ 14.7% |
| Recurring financial charges65 | €0.02m | €0.02m | ▲ 14.7% |
| Profit (loss) for the period before taxes9903 | €0.9m | €0.7m | ▼ 28.8% |
| Income taxes67/77 | €0.2m | €0.2m | ▼ 35.4% |
| Profit (loss) for the period9904 | €0.7m | €0.5m | ▼ 26.6% |
| Profit (loss) for the period to be appropriated9905 | €0.7m | €0.5m | ▼ 26.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3.3m | €4.2m | ▲ 24.9% |
| Fixed assets21/28 | €0.2m | €0.3m | ▲ 54.8% |
| Tangible fixed assets22/27 | €0.2m | €0.3m | ▲ 54.8% |
| Plant, machinery and equipment23 | €0.2m | €0.3m | ▲ 55.1% |
| Furniture and vehicles24 | - | €0.001m | - |
| Other tangible fixed assets26 | €0.01m | €0.02m | ▲ 35.9% |
| Financial fixed assets28 | €38 | €0 | ▼ 100% |
| Current assets29/58 | €3.1m | €3.9m | ▲ 23.1% |
| Stocks and contracts in progress3 | €1.0m | €0.9m | ▼ 7.0% |
| Stocks30/36 | €1.0m | €0.9m | ▼ 7.0% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | ▼ 9.9% |
| Trade receivables40 | €0.2m | €0.2m | ▼ 13.8% |
| Other amounts receivable41 | €0.005m | €0.01m | ▲ 152% |
| Current investments50/53 | €0.8m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1.2m | €2.8m | ▲ 130% |
| Deferred charges and accrued income490/1 | €0.005m | €0.01m | ▲ 198% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3.3m | €4.2m | ▲ 24.9% |
| Equity10/15 | €0.9m | €1.3m | ▲ 50.0% |
| Contributions10/11 | €0.2m | €0.2m | = |
| Reserves13 | €0.7m | €1.1m | ▲ 64.7% |
| Distributable reserves133 | €0.7m | €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 | €0.2m | €1.6m | ▲ 668% |
| Financial debts170/4 | €0.2m | €1.6m | ▲ 668% |
| Amounts payable within one year42/48 | €2.2m | €1.2m | ▼ 46.1% |
| Trade debts44 | €1.6m | €0.4m | ▼ 72.5% |
| Suppliers440/4 | €1.6m | €0.4m | ▼ 72.5% |
| Taxes, remuneration and social security45 | €0.6m | €0.7m | ▲ 15.9% |
| Taxes450/3 | €0.3m | €0.4m | ▲ 47.0% |
| Remuneration and social security454/9 | €0.3m | €0.3m | ▼ 10.5% |
| Other amounts payable47/48 | €0.007m | €0.06m | ▲ 864% |
| Accrued charges and deferred income492/3 | €0.03m | €0.04m | ▲ 30.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €0.7m | €0.5m | ▼ 26.6% |
| + Depreciation and write-downs630 | €0.02m | €0.06m | ▲ 223% |
| Operating cash flow (approximation) | €0.7m | €0.6m | ▼ 19.8% |
| Investment in fixed assets (approximation) | - | -€0.2m | - |
| Change in cash | - | €1.6m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,127 companies had the same profile as Delhaize Izegem has now. Two years later, 97.2% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Delhaize Izegem itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for Delhaize Izegem. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.