Equity
-€489,791
Debts exceed assets in financial year 2025.
Deli Namur Fer
Lifetime
8 annual accounts with figures on one time axispeak €126,214 (2024)
€92,630▼ 26.6%
lowest -€133,717 (2025)
-€133,717▼ €100,773
peak €203,780 (2018)
-€489,791▼ €133,717
€672,291▲ 13.2%
peak 4.4 FTE (2019)
3.4 FTE▲ 30.8%
Board4 names since 2019
1 directorLoLa Consult
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from €126,214 to €92,630Loss of €133,717Staff from 2.6 FTE to 3.4 FTENew sole director 25-04Equity from -€356,074 to -€489,791Cash from €27,096 to €3,652
Key points
from the 2025 annual accountsLosses
-€814,792 in eight years
Every financial year from 2018 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€672,291 368% of the balance sheet
Suppliers 3%Taxes and wages 3%Other 95%
Of this, €665,791 falls due within a year.
Staff
4 employees on 31-12-2025
In 2025, 561 short contracts started and 560 ended, on average 13 hours worked per contract. Staff averaged 3.4 full-time equivalents.
Filings
8 annual accounts 4 late
The 2019 accounts came latest: 28 days after the end of the period.
Position in the sector
-268.4%
Lower solvency than 95% of companies in retail trade. Sector median 36.6% · 12,852 companies.
Net result -306%: other schema
Checked score
34
Weak
Financially stronger than 8% of micro companies in retail trade (NACE 47)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.6% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.1%
01-2025: 4.1%● unchanged vs 12-2024
02-2025: 4.1%● unchanged vs 01-2025
03-2025: 4.0%▼ -0.1 percentage points vs 02-2025
04-2025: 4.0%● unchanged vs 03-2025
05-2025: 4.0%● unchanged vs 04-2025
06-2025: 3.8%▼ -0.2 percentage points vs 05-2025
07-2025: 4.1%▲ +0.3 percentage points vs 06-2025
08-2025: 3.9%▼ -0.2 percentage points vs 07-2025
09-2025: 3.9%● unchanged vs 08-2025
10-2025: 3.9%● unchanged vs 09-2025
11-2025: 3.9%● unchanged vs 10-2025
12-2025: 3.9%● unchanged vs 11-2025
01-2026: 3.9%● unchanged vs 12-2025
02-2026: 3.9%● unchanged vs 01-2026
03-2026: 3.8%▼ -0.1 percentage points vs 02-2026
04-2026: 3.9%▲ +0.1 percentage points vs 03-2026
05-2026: 3.9%● unchanged vs 04-2026
06-2026: 3.7%▼ -0.2 percentage points vs 05-2026lowest value
07-2026: 5.6%▲ +1.9 percentage points vs 06-2026highest value
08-2026: 5.6%● unchanged vs 07-2026highest value
09-2026: 5.6%● unchanged vs 08-2026highest value
10-2026: 5.6%● unchanged vs 09-2026highest value
11-2026: 5.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€489,791
Loss of €133,717, the second in a row (financial year 2025)
Sector: Retail trade (NACE 47)
Liquidity: current ratio 0.02, cash €3,652, halved
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 5% on liquidity, 6% on profitability and 14% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as Deli Namur Fer has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Deli Namur Fer itself: 5.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,008 companies, not a prediction for Deli Namur Fer. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.02 (0.06 in 2024), below 1. Short-term debt is 364.8% and cash 2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€489,791
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 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
31 days early
2024
31 days early
2023
20 days early
2022
10 days late
2021
33 days early
2020
19 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
New sole director
LoLa Consult SRL appointed, Avdan Efekan resigned · Permanent representative: Lotte De Vreese · General meeting of 03-04-2025 · Gazette deed
Change of role: Avdan Efekan, from manager to director
Director discharge: Avdan Efekan (manager) · General meeting of 31-03-2023 · Gazette deed
Permanent representative: B.BAD SNC
Appointment: Avdan Efekan (director) · General meeting of 2021-12 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0684886514
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Deli Namur Fer Namur | €182,500 | €92,630 | -268.4% | 3.4 |
| Bakkerij Teijsen Mortsel | €181,116 | €71,533 | 45.9% | 2.5 |
| Pajuro Ixelles | €178,400 | €51,696 | 3.0% | 3.2 |
| BOULANGERIE DELFOSSE Walcourt | €217,588 | €51,525 | 46.0% | 1.7 |
| HEBA Company Antwerp | €130,509 | €85,153 | 3.5% | 1.7 |
| LE MOULIN DE LEON Mouscron | €85,820 | €94,355 | 30.8% | 4 |
| PIERROT De Panne | €144,555 | €132,723 | 27.0% | 2.1 |
These companies have the same main activity as Deli Namur Fer: retail sale of bread and pastry (bakery outlets) (NACE 47241). They are comparable in size and age: total assets between €85,800 and €218,000, founded between 2012 and 2019.
Official details
Source: KBO- Status
- Active since 21-11-2017Normal situation
- Activity
- Retail sale of bread and pastry (bakery outlets)NACE 47241and 2 others
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.270.024.7815000 Namur, since 21-11-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- ≈ €720,000estimated
- €182,500▼ 23.3%
- Employeeson 31-12-2025
- 4▲ 33.3%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on Deli Namur Fer
Deli Namur Fer files the abbreviated format. That format states no turnover. The gross margin rose from -€109,506 in 2018 to €92,630 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Deli Namur Fer
- What is the company number of Deli Namur Fer?
- The company number of Deli Namur Fer is 0684.886.514. The VAT number is the same number with BE in front: BE 0684.886.514.
- Where is Deli Namur Fer based?
- The registered office is at Rue de Fer 113-115, 5000 Namur.Company details
- What does Deli Namur Fer do?
- According to the KBO register, the main activity is retail sale of bread and pastry (bakery outlets) (NACE 47241).
- What is the legal form of Deli Namur Fer?
- Deli Namur Fer is a private limited company (BV).
- When was Deli Namur Fer founded?
- Deli Namur Fer was founded on 21-11-2017.
- Is Deli Namur Fer still active?
- Yes, Deli Namur Fer is an active enterprise in the KBO register.
- How many employees does Deli Namur Fer have?
- Deli Namur Fer had an average of 3.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Deli Namur Fer fall under?
- In its 2025 annual accounts, Deli Namur Fer states joint committee 302 (Hotels and catering).
- What is the turnover of Deli Namur Fer?
- The turnover in financial year 2025 is ≈ €720,000. This figure is estimated from the gross margin of €92,630 and 62 comparable companies (NACE 472). It probably lies between €350,000 and €1.1m.
- Is Deli Namur Fer profitable?
- In financial year 2025, Deli Namur Fer made a loss of €133,717.
- Where can I find the annual accounts of Deli Namur Fer?
- Deli Namur Fer filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Deli Namur Fer due?
- Deli Namur Fer must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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