DELICON
ActiveSummary
The computed 12-month bankruptcy probability of DELICON is 1.5% (moderate). The 2024 annual accounts show equity of €273,272 and a net result of €56,974. Equity is growing by ~33% per year across the filed fiscal years. Its solvency ranks better than 29% of 36381 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-1
Solvency53▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.9 against 0.89 in 2023; short-term debt: 38% and cash: 2.7% of total assets), and 72.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 24-06-2026, 37 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
37 d early
2024
38 d early
2023
7 d early
2022
33 d early
2021
13 d early
2020
31 d early
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€273,272▲ 26.3%
2023 · €216,298
Total assets
€993,252▲ 18.0%
2023 · €841,773
Net result
€56,974▲ 7.7%
2023 · €52,893
Working capital
-€35,987▼ 7.0%
2023 · -€33,629
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€69,507▲ 175%€86,251▲ 24.1%€63,400▼ 26.5%€83,514▲ 31.7%€103,283▲ 23.7%
Net result€47,969above the sector's middle half▲ 205%€57,882above the sector's middle half▲ 20.7%€36,697above the sector's middle half▼ 36.6%€52,893above the sector's middle half▲ 44.1%€56,974above the sector's middle half▲ 7.7%
Equity€78,446within the sector's middle half▲ 115%€136,328above the sector's middle half▲ 73.8%€173,025above the sector's middle half▲ 26.9%€216,298above the sector's middle half▲ 25.0%€273,272above the sector's middle half▲ 26.3%
Total assets€262,405within the sector's middle half▲ 145%€285,903within the sector's middle half▲ 9.0%€741,567above the sector's middle half▲ 159%€841,773above the sector's middle half▲ 13.5%€993,252above the sector's middle half▲ 18.0%
Debt€183,959▲ 160%€149,575▼ 18.7%€568,541▲ 280%€625,475▲ 10.0%€719,980▲ 15.1%
Working capital€68,082within the sector's middle half▲ 154%€68,950within the sector's middle half▲ 1.3%€48,250within the sector's middle half▼ 30.0%-€33,629below the sector's middle half-€35,987below the sector's middle half▼ 7.0%
Solvency29.9%within the sector's middle half▼ 4.1pp47.7%within the sector's middle half▲ 17.8pp23.3%within the sector's middle half▼ 24.4pp25.7%within the sector's middle half▲ 2.4pp27.5%within the sector's middle half▲ 1.8pp
Current ratio1.50within the sector's middle half▲ 0.081.65within the sector's middle half▲ 0.161.22within the sector's middle half▼ 0.430.89below the sector's middle half▼ 0.320.90below the sector's middle half▲ 0.01
Return on assets (ROA)18.3%above the sector's middle half▲ 3.6pp20.2%above the sector's middle half▲ 2.0pp4.9%within the sector's middle half▼ 15.3pp6.3%within the sector's middle half▲ 1.3pp5.7%within the sector's middle half▼ 0.5pp
Staff (FTE)1.11.4▲ 27.3%2.3▲ 64.3%3.9▲ 69.6%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 24% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €993,252
Fixed assets
€652,166 ▲ 16.3%
Current assets
€341,085 ▲ 21.3%
Equity and liabilities €993,252
Equity
€273,272 ▲ 26.3%
Debt
€719,980 ▲ 15.1%
Debt's share of the balance-sheet total falls from 74.3% to 72.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€168,505▲
2023 · €138,663
Cash flow
€122,197▲
2023 · €108,042
Quick ratio
0.57▼
2023 · 0.63
Debt to equity
2.63▼
2023 · 2.89
ROE
20.8%▼
2023 · 24.5%
Interest coverage
9.40▼
2023 · 13.19
Debt ≤ 1 year
€377,073▲
2023 · €314,785
Debt > 1 year
€342,908▲
2023 · €310,690
Income taxes
€30,728▲
2023 · €21,408
Staff costs
€220,897▲
2023 · €135,845
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,713 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,576 | - | - |
| Remuneration, social security and pensions62 | - | €37,523 | €76,883 | €135,845 | €220,897 | ▲ 62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,209 | €23,461 | €87,858 | €55,148 | €65,223 | ▲ 18.3% |
| Other operating charges640/8 | - | €3,251 | €5,011 | €5,267 | €6,488 | ▲ 23.2% |
| Gross operating margin9900 | €94,600 | €150,486 | €233,153 | €279,775 | €395,890 | ▲ 41.5% |
| Operating profit (loss)9901 | €69,507 | €86,251 | €63,400 | €83,514 | €103,283 | ▲ 23.7% |
| Financial income75/76B | - | €874 | €996 | €1,298 | €2,351 | ▲ 81.1% |
| Recurring financial income75 | €1,244 | €874 | €996 | €1,298 | €2,351 | ▲ 81.1% |
| Financial charges65/66B | - | €3,497 | €8,712 | €10,511 | €17,932 | ▲ 70.6% |
| Recurring financial charges65 | €3,896 | €3,497 | €8,712 | €10,511 | €17,932 | ▲ 70.6% |
| Profit (loss) for the period before taxes9903 | €66,855 | €83,629 | €55,684 | €74,301 | €87,702 | ▲ 18.0% |
| Income taxes67/77 | €18,886 | €25,746 | €18,986 | €21,408 | €30,728 | ▲ 43.5% |
| Profit (loss) for the period9904 | €47,969 | €57,882 | €36,697 | €52,893 | €56,974 | ▲ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €47,969 | €57,882 | €36,697 | €52,893 | €56,974 | ▲ 7.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262,405 | €285,903 | €741,567 | €841,773 | €993,252 | ▲ 18.0% |
| Fixed assets21/28 | €57,120 | €111,078 | €472,142 | €560,617 | €652,166 | ▲ 16.3% |
| Intangible fixed assets21 | €730 | - | - | - | - | - |
| Tangible fixed assets22/27 | €55,890 | €96,578 | €457,642 | €546,117 | €637,666 | ▲ 16.8% |
| Land and buildings22 | - | - | €375,880 | €471,339 | €505,368 | ▲ 7.2% |
| Plant, machinery and equipment23 | - | €27,175 | €23,778 | €27,936 | €42,671 | ▲ 52.7% |
| Furniture and vehicles24 | - | €52,409 | €42,890 | €33,648 | €30,583 | ▼ 9.1% |
| Other tangible fixed assets26 | - | €16,994 | €15,094 | €13,194 | €59,044 | ▲ 348% |
| Financial fixed assets28 | €500 | €14,500 | €14,500 | €14,500 | €14,500 | = |
| Current assets29/58 | €205,285 | €174,825 | €269,425 | €281,156 | €341,085 | ▲ 21.3% |
| Stocks and contracts in progress3 | €9,266 | €34,665 | €80,156 | €81,347 | €126,340 | ▲ 55.3% |
| Stocks30/36 | - | €34,665 | €80,156 | €81,347 | €126,340 | ▲ 55.3% |
| Amounts receivable within one year40/41 | €192,152 | €92,092 | €163,388 | €192,412 | €182,547 | ▼ 5.1% |
| Trade receivables40 | - | €76,059 | €148,506 | €184,115 | €162,430 | ▼ 11.8% |
| Other amounts receivable41 | - | €16,033 | €14,882 | €8,296 | €20,117 | ▲ 142% |
| Cash at bank and in hand54/58 | - | €45,797 | €22,527 | €79 | €26,494 | ▲ 33,238% |
| Deferred charges and accrued income490/1 | - | €2,271 | €3,353 | €7,318 | €5,705 | ▼ 22.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262,405 | €285,903 | €741,567 | €841,773 | €993,252 | ▲ 18.0% |
| Equity10/15 | €78,446 | €136,328 | €173,025 | €216,298 | €273,272 | ▲ 26.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €72,246 | €130,128 | €166,825 | €210,098 | €267,072 | ▲ 27.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €128,268 | €164,965 | €210,098 | €267,072 | ▲ 27.1% |
| Amounts payable17/49 | €183,959 | €149,575 | €568,541 | €625,475 | €719,980 | ▲ 15.1% |
| Amounts payable after more than one year17 | €35,673 | €43,700 | €347,367 | €310,690 | €342,908 | ▲ 10.4% |
| Financial debts170/4 | - | €43,700 | €347,367 | €310,690 | €342,908 | ▲ 10.4% |
| Amounts payable within one year42/48 | €137,203 | €105,875 | €221,174 | €314,785 | €377,073 | ▲ 19.8% |
| Current portion of amounts payable after more than one year42 | - | €14,595 | €35,960 | €36,677 | €38,563 | ▲ 5.1% |
| Financial debts43 | - | €15,000 | €15,000 | €48,843 | €183,244 | ▲ 275% |
| Credit institutions430/8 | - | €15,000 | €15,000 | €48,843 | €183,244 | ▲ 275% |
| Trade debts44 | €81,554 | €61,047 | €150,753 | €209,566 | €141,967 | ▼ 32.3% |
| Suppliers440/4 | - | €61,047 | €150,753 | €209,566 | €141,967 | ▼ 32.3% |
| Taxes, remuneration and social security45 | - | €15,233 | €19,461 | €8,626 | €8,659 | ▲ 0.4% |
| Taxes450/3 | - | €10,746 | €14,732 | €2,006 | €728 | ▼ 63.7% |
| Remuneration and social security454/9 | - | €4,487 | €4,728 | €6,620 | €7,931 | ▲ 19.8% |
| Other amounts payable47/48 | - | - | - | €11,074 | €4,640 | ▼ 58.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,969 | €57,882 | €36,697 | €52,893 | €56,974 | ▲ 7.7% |
| + Depreciation and write-downs630 | €13,209 | €23,461 | €87,858 | €55,148 | €65,223 | ▲ 18.3% |
| Operating cash flow (approximation) | €61,178 | €81,343 | €124,555 | €108,042 | €122,197 | ▲ 13.1% |
| Investment in fixed assets (approximation) | - | -€77,419 | -€448,922 | -€143,623 | -€156,772 | ▼ 9.2% |
| Change in cash | - | - | -€23,270 | -€22,448 | €26,414 | ▲ 218% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €216,298 ▲25%
6 profitable years in a row build equity to €216,298.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €173,025 ▲26.9%
5 profitable years in a row build equity to €173,025.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €57,882 ▲20.7%
Net result €57,882, the highest in the series.
31-12
Financial
Equity above €100,000Eq €136,328 ▲73.8%
4 profitable years in a row build equity to €136,328.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Genk · 2 establishment units since 2017
Ground area
3,392 m²
Building footprint
370 m²
Volume, LiDAR
2,217 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
DELICON
since 20172.269.348.256
Halveweg 8, 3600 Genk
since 20222.350.549.332
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0215/00B114 | Flanders | 1,857 m² | 1 · 179 m² | 7.1 m · 2 fl. |
| 71306G0220/00W005 | Flanders | 1,534 m² | 1 · 191 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of DELICON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 57,826 EUR awarded · 57,541 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 13,042 EUR | 13,150 EUR |
| 2024 | 2 | 15,145 EUR | 14,752 EUR |
| 2023 | 2 | 13,904 EUR | 13,904 EUR |
| 2022 | 2 | 15,735 EUR | 15,735 EUR |
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,477. 2,750 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
Founded04-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0677874602
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.