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DELIVER-E

Active Private limited companyfounded 2017active for 9 yearsRoute de Saint-Gérard 289, 5100 NamurKBO/BCE: BE 0676.979.925

Overview

Lifetime

8 annual accounts with figures on one time axis
peak €870,476 (2025)
€870,476▲ 5.2%
lowest -€5,823 (2025)
-€5,823▼ €44,353
peak €466,687 (2024)
€460,864▼ 1.2%
€854,574▲ 12.5%
peak 9.8 FTE (2025)
9.8 FTE▲ 25.6%
Board2 names since 2017
1 director
Documentsfilings and deeds
03-06-202658 days before the deadline
2025financial year
Loss of €5,823Staff from 7.8 FTE to 9.8 FTE

Key points

from the 2025 annual accounts

Turnover

≈ €1.9m estimated

The accounts state no turnover.

Staff

10 employees on 31-12-2025
90202144202254202365202411102025

In 2025, 11 people joined and 10 left.

Filings

8 annual accounts 5 late
AprilJune31 JulyOctober20202025

The 2018 accounts came latest: 114 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 3,445 companies had the same profile as DELIVER-E has now. Each dot stands for 9 companies, two years later.

89.9%
were still trading
7.6%
stopped another way
2.3%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 3,445 companies, not a prediction for DELIVER-E. 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

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
  • 100 sharesdeed of 22-06-2017

Shares in 1 company,

Board & ownership

Recent changes

Merger: INVESTREE takes over INVESTREE Company renamed from INVESTREE to DELIVER-E · Appointments: (director) and (alternate director) · Gazette deed
Merger proposal: INVESTREE takes over DELIVER-E The company holds all the shares of DELIVER-E · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0676979925
Registered office moved from Naninne to Wépion New registered office: Route de Saint-Gérard, 289 à 5100 Wépion · Previous registered office: Rue des Phlox, 9 à 5100 Naninne · General meeting of 11-03-2020 · Gazette deed
All 16 events

Comparable companies

same main activity, similar in size and age
Company
DELIVER-E Namur €1.3m €0.9m 35.0% 9.8
GEERT DEBAETSELIER Rotselaar €1.3m €0.8m 38.5% 10
ART-Ics Ottignies-Louvain-la-Neuve €1.2m €0.9m 90.4% 8.9
Transports Meys & Fils Tournai €1.4m €1.1m 26.9% 10.8
MEANN Harelbeke €1.3m €1.1m 32.5% 12
BOERMAN Tessenderlo-Ham €1.2m €1.1m -47.6% 11.9
ARICOT Namur €1.4m €1.1m 54.5% 12

These companies have the same main activity as DELIVER-E: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €1.2m and €1.4m, founded between 2016 and 2018.

Official details

Source: KBO
Status
Active since 20-06-2017Normal situation
Activity
Freight transport by roadNACE 49410and 1 other
Joint committees
140.03Road transport and logistics for third parties
209White-collar workers in metal manufacturing
226White-collar workers in international trade, transport and logistics · annual accounts 2025
Establishment unit
2.265.257.7275100 Namur, since 20-06-2017
Financial year end
31 December
Peppol
Reachable since 20-11-2020
Company details

Annual accounts 2025

€870,476▲ 5.2%
€5,823
€460,864▼ 1.2%
€1.3m▲ 7.2%
Employeeson 31-12-2025
10▼ 9.1%
Filing
Filed on 03-06-2026, 58 days before the end of the filing period
Financials

Insights on DELIVER-E

DELIVER-E has existed since 2017. The present size dates from 2021. The gross margin rose that year from €57,331 to €298,125.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 03-06-2026, 58 days before the deadline
€870,476
▲ 5.2%
€100,536
▼ 37.7%
-€5,823
▼ €44,353
€2,517
▲ €32,613
35.0%
▼ 3.0 percentage points
1.00
▲ 0.05

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.9m. Estimated: probably between €1.5m and €2.8m.

Balance sheet

balance sheet total €1.3m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

35.0%

Higher than 49% of 604 companies in 2025.

1.00

Higher than 32% of 598 companies in 2025.

-0.4%

Higher than 25% of 602 companies in 2025.

DELIVER-E Middle half of the sector 80% of the sector Full accounts in land transport (NACE 49)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half · Staff: bottom quarter

Staff

€61,382

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 11 people joined and 10 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018
Balance sheet: assets
20/58 1.3m1.2m1.2m1.3m1.3m801,559725,701637,687
21/28 660,059633,193537,348624,018713,164709,778708,900621,500
21 356,688418,993491,439563,884636,813---
22/27 298,005206,65038,36052,58568,802878--
22 11,31719,78928,48437,17845,873---
24 26,0589,6959,87715,40722,929878--
25 243,407177,166------
26 17,223-------
28 5,3657,5497,5497,5497,549708,900708,900621,500
29/58 655,379593,447619,244714,279623,02191,78116,80116,187
29 161,742161,742161,742161,742175,815---
291 161,742161,742161,742161,742175,815---
40/41 372,128332,715304,038344,823314,25868,8605,5108,143
40 370,548330,311294,005343,754313,18968,8605,5108,143
41 1,5802,40410,0331,0701,070---
54/58 94,77189,982149,230197,930114,93121,84710,2518,044
490/1 26,7399,0084,2349,78418,0171,0741,040-
Balance sheet: equity and liabilities
10/49 1.3m1.2m1.2m1.3m1.3m801,559725,701637,687
10/15 460,864466,687448,157456,067407,790407,790368,862362,214
10/11 344,000344,000344,000344,000344,000344,000344,000344,000
100 ------344,000344,000
13 1,2431,2431,2431,2431,2431,2431,243911
130/1 1,2431,2431,2431,2431,2431,243--
130 ------1,243911
1311 1,2431,2431,2431,2431,2431,243--
14 115,620121,444102,914110,82462,54762,54723,61917,303
17/49 854,574759,953708,435882,230928,395393,769356,839275,473
17 195,678134,24415,17660,797130,035109,421127,571163,069
170/4 195,678134,24415,17660,797130,035109,421127,571163,069
42/48 652,862623,544691,593820,330795,400278,311225,928112,404
42 81,96789,49097,70070,02098,36035,91535,49537,655
43 222,814185,000165,000187,406189,131---
430/8 222,814185,000165,000187,406189,131---
44 169,718136,144210,340325,827307,32265,6367,54912,044
440/4 169,718136,144210,340325,827307,32265,6367,54912,044
45 143,882167,551179,439183,545165,27921,88511,18813,105
450/3 70,54891,274110,535120,72985,87221,88511,18813,105
454/9 73,33476,27668,90462,81679,406---
47/48 34,48245,35939,11353,53235,308154,875171,69649,599
492/3 6,0342,1651,6661,1042,9606,0373,339-
Income statement
76A -----0484-
9900 870,476827,298640,447677,764298,12557,33174,058135,344
62 601,541534,414453,152401,095218,501---
630 132,010110,70389,68690,19647,01747--
631/4 4,85103,2377,448-247---
640/8 31,53920,73410,40413,9418,863504574831
9901 100,536161,44683,968165,08523,99056,78073,485134,513
75/76B 3,1555,87713,48614,5199,48921-
75 3,1555,87713,48614,5199,48921-
65/66B 88,19790,91375,69226,62513,7558,39162,088105,582
65 88,19790,91375,69226,62513,7558,39162,088105,582
9903 15,49476,41021,763152,97819,72448,39011,39828,931
67/77 21,31737,88119,67356,70110,9489,4634,74910,717
9904 -5,82338,5302,09096,2788,77738,9286,64818,214
9905 -5,82338,5302,09096,2788,77738,9286,64818,214
Appropriation of the result
9906 115,620141,444112,914158,82471,32362,54723,95118,214
14P 121,444102,914110,82462,54762,547---
691/2 -----0332911
6920 -----0332911
694/7 020,00010,00048,0008,777---
694 020,00010,00048,0008,777---
Social balance sheet
9087 9.87.87.87.98.7---
Hours worked1013 15,92916,18712,63412,591901---
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 24 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 03-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 03-06-2026 2026-00134421 PDF
31-12-2024 full format 27-08-2025 2025-00409769 PDF
31-12-2023 full format 22-07-2024 2024-00267531 PDF
31-12-2022 micro format 03-07-2023 2023-00188425 PDF
31-12-2021 micro format 09-08-2022 2022-20278871 PDF
31-12-2020 full format 05-08-2021 2021-45900346 PDF
31-12-2019 full format 11-08-2020 2020-40300514 PDF
31-12-2018 micro format 22-11-2019 2019-74200272 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018
232,545272,149173,655255,28171,00856,827--
126,186149,23391,776186,47455,79438,975--
177,791211,82338,3418,0311.0m92587,400621,500
4,789-59,247-48,70183,00093,08311,5962,208-
2,517-30,097-72,349-106,051-172,379-186,530-209,128-96,217
35.0%38.0%38.7%34.1%30.5%50.9%50.8%56.8%
1.000.950.900.870.780.330.070.14
1.851.631.581.932.280.970.970.76
-1.3%8.3%0.5%21.1%2.2%9.5%1.8%5.0%
-0.4%3.1%0.2%7.2%0.7%4.9%0.9%2.9%
2.642.992.299.595.16---

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date10111099
full-time98877
part-time13222
in full-time equivalents9.79.29.28.58.6
9.87.87.87.98.7
On a permanent contract109888
Joined116549
Left105440

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€177,791€211,823€38,341€8,031€308,181
Intangible fixed assets----€699,936
Financial fixed assets----€7,549
€132,010€110,703€89,686€90,196€47,017

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on DELIVER-E

The operating result for 2025 is 38% lower than in 2024.

Debt's share of the balance-sheet total rises from 62.0% to 65.0%. Equity is lower and debt is higher.

Large changes and their cause
  • 2021 Total assets +67% on 2020. Merger absorbing DELIVER-E, effective 01-07-2021.

Board & ownership

Board

1 director, no change since 2021
Director (not named in the articles)
current term since 30-11-2021 term without a fixed end
listed in the 2025 annual accounts, filed on 03-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 11. Pouvoirs de l'organe d'administration S'il n'y a qu'un seul administrateur, la totalité des pouvoirs d'administration lui est…”
deed of 14-12-2021

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Manager

Alternate director
BoardEarlierend not dated
Mandates as a list
    • Manager, from 20-06-2017 to date
    • Alternate director, appointed by deed of 14-12-2021, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Founder
This company
DELIVER-E
Equity €460,864
Loss €5,823 in 2025

Capital

Capital
€344,000
Shares
100
Contribution per share
€3,440
Equity per share
€4,609 in 2025
Source
deed of 22-06-2017

Articles of association

deed of 14-12-2021 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Wednesday of May at 11:00

Shareholders

At incorporation deed of 22-06-2017 ↗
  • 100 shares (100%) · in kind

Capital transactions

Capital over time
  1. 14-12-2021 Capital stated in the deed · 100 shares
  2. 22-06-2017 Incorporation · €344,000 · 100 shares

Network & group

Holdings

own 2020 accounts, the bar shows equity in euros
This companyDELIVER-E1 holding, 1 country 2020 accounts

Belgium 1 Equity Result

  • BE no longer active €128,318 result -€18,915

Source: list of holdings in its own 2020 accounts. Every holding stands with its own latest accounts.

The LEI register names no parent.

Holdings and subsidiaries

1 holding · 2 subsidiaries, including indirect ones

Holdings 1

Share, source and own figures per holding (1)
  • subsidiary
    Sourcedeed 14-10-2021deed 14-12-2021deed 14-10-2021
    100%
All subsidiaries, including indirect ones 2

DELIVER-E or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.

  • 100%1 subsidiary
    • 100%
Holdings through the years 2018 to 2020
Holdings through the years
Name201820192020
90%100%

Source: list of holdings in its own accounts

Acquisitions and mergers

1 transaction
Took over:DELIVER-E
BE 0474.452.833merger by absorption · Gazette deed of 14-12-2021 (3 deeds) · effective 01-07-2021

Connections & network

1 current director
Depth

The network lets you explore the ties of DELIVER-E.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

16 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFfull format · 58 days before the deadline
2025
Weakest financial year net -€5,823 The net result drops to -€5,823, the lowest from 2018 to 2025.
Annual accounts 2024 filed PDFfull format · 27 days late
2024
Annual accounts 2023 filed PDFfull format · 9 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 28 days before the deadline
2022
Highest result from 2018 to 2025 net €96,278 ▲997% The operating result of €165,085 and the net result of €96,278 are both a record.
Annual accounts 2021 filed PDFmicro format · 9 days late
2021
Merger: INVESTREE takes over INVESTREECompany renamed from INVESTREE to DELIVER-E · Appointments: (director) and (alternate director)6 points ▸
  • Accounting effect, 01-07-2021
  • Power of attorney, , mentioned twice in the deed
  • Name change, DELIVER-E
  • Director appointment, (director (not named in the articles))
  • Director appointment, (alternate director)
  • Registered-office move, Namur, Naninne, rue des Phlox 9
  • The deed holds 9 more points.

Open the deed in the Belgian Official Gazette

Merger proposal: INVESTREE takes over DELIVER-EThe company holds all the shares of DELIVER-E2 points ▸
  • The company holds all the shares of DELIVER-E
  • Accounting effect, 01-07-2021
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFfull format · 5 days late
2020
Registered in the Peppol Directory Reachable for e-invoices through 0208:0676979925
Annual accounts 2019 filed PDFfull format · 11 days late
Registered office moved from Naninne to WépionNew registered office: Route de Saint-Gérard, 289 à 5100 Wépion · Previous registered office: Rue des Phlox, 9 à 5100 Naninne · General meeting of 11-03-20202 points ▸
  • General meeting, 11-03-2020
  • Registered-office move, Route de Saint-Gérard, 289 à 5100 Wépion

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFmicro format · 114 days late
2017
IncorporationFounding capital of €344,000, 100 shares · Founder: · Appointment: (manager) · published on 22-06-20175 points ▸
  • Founder,
  • Founding capital, €344,000, 100 shares
  • Auditor report, 13-04-2017
  • Capital, €344,000, 100 shares
  • Director appointment, (manager)
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

First establishment Rue des Phlox 9, Namur

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 20 June 2017, DELIVER-E was incorporated by one natural person, with a starting capital of €344,000.12 In 2020 the registered office moved to Wépion.3 DELIVER-E was merged into the company in 2021.4 has served as director since 2021.5 Total assets went from €1.3m in 2021 to €1.3m in 2025 and headcount from 8.7 to 9.8 full-time equivalents.6

  1. 1KBO register
  2. 2Belgian Official Gazette, 22-06-2017
  3. 3Belgian Official Gazette, 30-04-2020
  4. 4Belgian Official Gazette, 14-12-2021
  5. 5National Bank, annual accounts 2025
  6. 6National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0676.979.925
VAT number
BE 0676.979.925
Peppol ID
0208:0676979925
LEI code
549300JO33C0P5585T65 live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
20-06-2017
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Wednesday of May at 11:00
deed of 14-12-2021 (in French)
Peppol
Reachable since 20-11-2020Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
DELIVER-E in French
Former name
INVESTREE until the deed of 14-12-2021
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 14-12-2021 (in French)

Activities

NACEBEL 2025
VAT activities
49410 Freight transport by road main activity
Social security (RSZ) activities
52250 Logistics services main activity
Joint committees annual accounts 2025
JC 140.03 Road transport and logistics for third parties
JC 209 White-collar workers in metal manufacturing
JC 226 White-collar workers in international trade, transport and logistics
Codes under NACEBEL 2008
52290 Warehousing and support activities for transportation main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Exercer les fonctions d'administrateur ou de liquidateur dans d'autres sociétés; Elle pourra également dans le cadre de cet objet exercer…”
7 activities
  1. Exercer les fonctions d'administrateur ou de liquidateur dans d'autres sociétés.
  2. Elle pourra également dans le cadre de cet objet exercer toutes activités de relations publiques et de prospection de de clientèles.
  3. Accomplir toutes opérations commerciales,industrielles,financières,mobilières ou immobilières,se rapportant directement ou indirectement à son objet social ou qui seraient de nature à en faciliter directement ou indirectement,entièrement ou partiellement,la réalisation.
  4. S'intéresser par voie d'apports,de souscription,de fusion ou de toute autre manière dans toutes sociétés,associations ou entreprises ayant un objet similaire ou connexe au sien ou susceptible de favoriser le développement de ses activités ou ayant avec elle un lien économique.
  5. La représentation de sociétés belges ou étrangères;
  6. La prise de participations,sous quelque forme que ce soit,dans d'autres entreprises belges ou étrangères,et toutes autres formes de placement;
  7. L'acquisition par achat,souscription ou de toute autre manière,ainsi que l'aliénation par vente,échange ou de toute autre manière,de valeurs mobilières de toutes espèces;la gestion,le contrôle et la mise en valeur de ces participations et toutes opérations pour atteindre cet objectif,pour compte propre,pour compte de tiers ou en participation,en Belgique ou à l'étranger.
deed of 14-12-2021 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Route de Saint-Gérard 289 registered office 5100 Namur
Rue des Phlox 9 5100 Namur 52250 Logistics services 20-06-2017 2.265.257.727
1 former office
  • Rue des Phlox, 9, 5100 Naninne until 01-03-2020 · deed of 30-04-2020

Buildings and parcels at the address

Ground area
598 m²
Buildings
138 m²
Volume, LiDAR
813 m³
Tallest building
8.5 m
Buildings to scale, each on its own parcel
138 m², 8.5 m 138 m², 8.5 m

Location

registered office establishment approximate The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
92135H0104/00K000598 m² 1 · 138 m² 8.5 m · 2

Recognitions

Parcel delivery

Notified to the BIPT
since 30-07-2024