DELIN
ActiveDELIN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €42k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 10289 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+4
Solvency46▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.44 in 2024; short-term debt: 50.4% and cash: 7.1% of total assets), and 79.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
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
20.6%
Return on assets
7.2%
Age of the figures
9 mo
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
31 d late
2023
31 d late
2022
31 d late
2021
52 d early
2020
31 d late
2019
28 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€121k▲ 16.2%
2024 · €104k
2018: €33k
2019: €44k
2020: €85k
2021: €86k
2022: €100k
2023: €82k
2024: €104k
2018 → 2025
Total assets
€585k▲ 21.6%
2024 · €481k
2018: €246k
2019: €205k
2020: €215k
2021: €218k
2022: €184k
2023: €430k
2024: €481k
2018 → 2025
Net result
€42k▲ 93.0%
2024 · €22k
2018: €20k
2019: €11k
2020: €47k
2021: €45k
2022: €14k
2023: €-18k
2024: €22k
2018 → 2025
Working capital
€-181k▲ 3.9%
2024 · €-188k
2018: €-13k
2019: €-5k
2020: €5k
2021: €-12k
2022: €4k
2023: €-217k
2024: €-188k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€86k-€100k▲ 16.4%€82k▼ 17.7%€104k▲ 26.4%€121k▲ 16.2%
Operating result€63k-€23k▼ 63.4%€-13k€26k€54k▲ 103%
Net result€45k-€14k▼ 69.0%€-18k€22k€42k▲ 93.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 103% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €585k
Fixed assets
€471k▲ 42.6%
Current assets
€114k▼ 24.4%
Equity and liabilities €585k
Equity
€121k▲ 16.2%
Debt
€464k▲ 23.1%
The debt ratio rises from 78.4% to 79.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105k▲
2024 · €61k
Cash flow
€93k▲
2024 · €56k
Solvency
20.6%▼
2024 · 21.6%
Current ratio
0.39▼
2024 · 0.44
Quick ratio
0.35▼
2024 · 0.39
Debt / equity
3.85▲
2024 · 3.63
ROE
34.7%▲
2024 · 20.9%
ROA
7.2%▲
2024 · 4.5%
Interest coverage
7.64▼
2024 · 12.36
Debt
€464k▲
2024 · €377k
Debt ≤ 1 year
€295k▼
2024 · €339k
Debt > 1 year
€165k▲
2024 · €38k
Staff costs
€20k▼
2024 · €21k
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€481k€585k▲
Fixed assets21/28€330k€471k▲
Tangible fixed assets22/27€330k€471k▲
Land and buildings22€242k€227k▼
Plant, machinery and equipment23€76k€102k▲
Furniture and vehicles24€639€10k▲
Other tangible fixed assets26€11k€132k▲
Current assets29/58€150k€114k▼
Stocks and contracts in progress3€20k€12k▼
Stocks30/36€20k€12k▼
Amounts receivable within one year40/41€97k€53k▼
Trade receivables40€50€346▲
Other amounts receivable41€97k€52k▼
Cash at bank and in hand54/58€34k€42k▲
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€481k€585k▲
Equity10/15€104k€121k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€83k€100k▲
Amounts payable17/49€377k€464k▲
Amounts payable after more than one year17€38k€165k▲
Financial debts170/4€38k€165k▲
Amounts payable within one year42/48€339k€295k▼
Current portion of amounts payable after more than one year42€12k€29k▲
Trade debts44€78k€68k▼
Suppliers440/4€78k€68k▼
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€727▼
Remuneration and social security454/9-€5k
Other amounts payable47/48€247k€192k▼
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Non-recurring operating income76A€176€20k▲
Remuneration, social security and pensions62€21k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€51k▲
Other operating charges640/8€561€5k▲
Non-recurring operating charges66A€949-
Gross operating margin9900€83k€130k▲
Operating profit (loss)9901€26k€54k▲
Financial income75/76B€209€2k▲
Recurring financial income75€209€2k▲
Financial charges65/66B€5k€14k▲
Recurring financial charges65€5k€14k▲
Profit (loss) for the period before taxes9903€22k€42k▲
Profit (loss) for the period9904€22k€42k▲
Profit (loss) for the period to be appropriated9905€22k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€125k▲
Profit (loss) brought forward from the previous period14P€62k€83k▲
Profit to be distributed694/7-€25k
Directors or managers695-€25k
Social balance
Average headcount (FTE)90870.60.3▼
The notes to these accounts (14 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 · abbreviated schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Equity above €100kEq €104k ▲26.4%
Equity rises from €82k to €104k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-18k ▼226%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €47k ▲325%
Net result €47k, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
05-12-2025
Hans DUMALIN: Resigned as Director
05-12-2025
Nele DESCHACHT: Resigned as Director
Location & real-estate footprint
Registered office, Bredene · 1 establishment unit since 2002
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.
Duinenstraat 1858450 BredeneGround area
261 m²
Building footprint
230 m²
Volume, LiDAR
2,084 m³
Parcel 35002B0329/00T000, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Duinenstraat 185, 8450 Bredene
since 20022.095.865.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35002B0329/00T000 | Flanders | 261 m² | 1 · 230 m² | 15.3 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 799 EUR awarded · 799 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 353 EUR | 353 EUR |
| 2024 | 1 | 176 EUR | 176 EUR |
| 2022 | 1 | 270 EUR | 270 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyBredene2.095.865.241
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,562. 1,348 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2002
Fiscal year end31-12
Activities, NACEBEL
47221Retail sale of meat and meat products, excluding game and poultry
52220
47271Retail trade
47279Other retail sale of food
47291Retail trade
47299Retail trade
52272
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.