DELIXIR
ActiveSummary
DELIXIR has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,977 and a net result of €2,313. Equity has been growing by about 20% per year since 2018. Its solvency ranks better than 93% of 1,009 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-11-2012 Normal situation
- Activity
- Manufacture of food products NACE 10890
- Establishment units
- 2.214.287.591 1000 Brussel, since 06-11-2012
- 2.225.451.303 7110 La Louvière, since 10-01-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
Annual accounts 2025
- Gross margin
- €3,223
- ▲ 713%
- Turnover
- ≈ €22,000
- estimated
- Profit
- €2,313
- Equity
- €11,977
- ▲ 23.9%
- Total assets
- €14,206
- ▼ 37.2%
Score breakdownraises riskSector: Manufacture of food products (NACE 10)Liquidity: current ratio 6.37, cash €14, halvedSize: total assets €14,206lowers riskFounded in 2012Show the evidence
Checked score
Score 2025
72
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 67% of micro companies in food products (NACE 10)
Financial strength · tick: 2024
Strong
Solvency
100+32
equity 84.3% of total assets
Liquidity
47-5
short-term debt 15.7% · cash 0.1%
Profitability
78+43
return on assets 16.3%
Bankruptcy probability within 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.3%▼ -0.1 percentage points vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 0.8%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.6%▼ -0.2 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.37 (1.75 in 2024), above the usual 1.5. Short-term debt is 15.7% and cash 0.1% of total assets. 15.7% of the assets are financed with debt and provisions.
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 10, micro). It does better than 93% of them on solvency, 41% on liquidity, 63% on profitability and 71% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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
Five signals.
lowers riskraises riskneutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
34 days early
2023
56 days early
2022
16 days early
2021
30 days late
2020
2 days early
2019
106 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 1 day before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% 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 27 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
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 13 filings
Turnover
€27,955
EBIT margin
5.8%
Net result
€2,313
2024 · -€222
Working capital
€11,977▲ 23.9%
2024 · €9,664
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€3,223
▲ 354×
2025
20182025
Net result
€2,313
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€11,977
▲ 23.9%
2025
lowest quarter of the sector
20182025
Total assets
€14,206
▼ 37.2%
2025
lowest quarter of the sector
20182025
Debt
€2,229
▼ 82.8%
2025
20182025
Working capital
€11,977
▲ 23.9%
2025
middle half of the sector
20182025
Solvency
84.3%
▲ 41.6pp
2025
highest quarter of the sector
20182025
Current ratio
6.37
▲ 4.63
2025
highest quarter of the sector
20182025
Return on assets (ROA)
16.3%
▲ 17.3pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€27,955
Operating result€5,860--€16,113€1,628€8,331▲ 412%€3,497▼ 58.0%€4,678▲ 33.8%€9▼ 99.8%€3,223▲ 354×
Net result€280--€15,453€1,249within the sector's middle half€5,685within the sector's middle half▲ 355%€1,578within the sector's middle half▼ 72.2%€2,916within the sector's middle half▲ 84.8%-€222below the sector's middle half€2,313within the sector's middle half
EBIT margin5.8%
Equity€13,911--€1,542-€293below the sector's middle half▲ 81.0%€5,392below the sector's middle half€6,970below the sector's middle half▲ 29.3%€9,886below the sector's middle half▲ 41.8%€9,664below the sector's middle half▼ 2.2%€11,977below the sector's middle half▲ 23.9%
Total assets€16,061-€2,758▼ 82.8%€5,419below the sector's middle half▲ 96.5%€14,646below the sector's middle half▲ 170%€23,730below the sector's middle half▲ 62.0%€18,147below the sector's middle half▼ 23.5%€22,619below the sector's middle half▲ 24.6%€14,206below the sector's middle half▼ 37.2%
Debt€2,150-€4,300▲ 100.0%€5,712▲ 32.8%€9,254▲ 62.0%€16,761▲ 81.1%€8,261▼ 50.7%€12,955▲ 56.8%€2,229▼ 82.8%
Working capital€13,911--€1,542-€293within the sector's middle half▲ 81.0%€5,392within the sector's middle half€6,970within the sector's middle half▲ 29.3%€9,886within the sector's middle half▲ 41.8%€9,664within the sector's middle half▼ 2.2%€11,977within the sector's middle half▲ 23.9%
Solvency86.6%--5.4%below the sector's middle half36.8%within the sector's middle half▲ 42.2pp29.4%within the sector's middle half▼ 7.4pp54.5%within the sector's middle half▲ 25.1pp42.7%within the sector's middle half▼ 11.8pp84.3%above the sector's middle half▲ 41.6pp
Current ratio7.47-0.95within the sector's middle half1.58within the sector's middle half▲ 0.631.42within the sector's middle half▼ 0.172.20above the sector's middle half▲ 0.781.75within the sector's middle half▼ 0.456.37above the sector's middle half▲ 4.63
Return on assets (ROA)1.7%-23.0%above the sector's middle half38.8%above the sector's middle half▲ 15.8pp6.6%within the sector's middle half▼ 32.2pp16.1%above the sector's middle half▲ 9.4pp-1.0%below the sector's middle half▼ 17.0pp16.3%above the sector's middle half▲ 17.3pp
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 354 times that of 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €14,206
Equity
€11,977 ▲ 23.9%
Debt
€2,229 ▼ 82.8%
Debt's share of the balance-sheet total falls from 57.3% to 15.7%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
4.39▲
2024 · 1.20
Debt to equity
0.19▼
2024 · 1.34
ROE
19.3%▲
2024 · -2.3%
Debt ≤ 1 year
€2,229▼
2024 · €12,955
Income taxes
€703
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €27,955 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €353 | €348 | €384 | €387 | - | - |
| Gross operating margin9900 | €5,860 | €2,916 | €1,987 | €8,685 | €3,845 | €5,062 | €396 | €3,223 | ▲ 713% |
| Operating profit (loss)9901 | €5,860 | -€16,113 | €1,628 | €8,331 | €3,497 | €4,678 | €9 | €3,223 | ▲ 354× |
| Financial income75/76B | - | - | - | €5 | - | - | - | €28 | - |
| Recurring financial income75 | €0 | €938 | - | €5 | - | - | - | €28 | - |
| Financial charges65/66B | - | - | - | €141 | €154 | €180 | €231 | €235 | ▲ 1.7% |
| Recurring financial charges65 | €5,422 | €270 | €243 | €141 | €154 | €180 | €231 | €235 | ▲ 1.7% |
| Profit (loss) for the period before taxes9903 | €438 | -€15,445 | €1,385 | €8,195 | €3,343 | €4,498 | -€222 | €3,016 | - |
| Income taxes67/77 | €159 | €8 | €136 | €2,510 | €1,765 | €1,582 | - | €703 | - |
| Profit (loss) for the period9904 | €280 | -€15,453 | €1,249 | €5,685 | €1,578 | €2,916 | -€222 | €2,313 | - |
| Profit (loss) for the period to be appropriated9905 | €280 | -€15,453 | €1,249 | €5,685 | €1,578 | €2,916 | -€222 | €2,313 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €16,061 | €2,758 | €5,419 | €14,646 | €23,730 | €18,147 | €22,619 | €14,206 | ▼ 37.2% |
| Current assets29/58 | €16,061 | €2,758 | €5,419 | €14,646 | €23,730 | €18,147 | €22,619 | €14,206 | ▼ 37.2% |
| Stocks and contracts in progress3 | €967 | - | - | - | - | - | €7,094 | €4,420 | ▼ 37.7% |
| Stocks30/36 | - | - | - | - | - | - | €7,094 | €4,420 | ▼ 37.7% |
| Amounts receivable within one year40/41 | €13,474 | €1,158 | €3,851 | €7,166 | €13,144 | €14,187 | €9,871 | €9,372 | ▼ 5.1% |
| Trade receivables40 | - | - | - | €6,514 | €9,731 | €10,121 | €4,489 | €6,760 | ▲ 50.6% |
| Other amounts receivable41 | - | - | - | €652 | €3,413 | €4,066 | €5,382 | €2,612 | ▼ 51.5% |
| Cash at bank and in hand54/58 | €1,606 | €1,599 | €1,568 | €7,480 | €10,484 | €3,960 | €5,654 | €14 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €103 | - | - | €400 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €16,061 | €2,758 | €5,419 | €14,646 | €23,730 | €18,147 | €22,619 | €14,206 | ▼ 37.2% |
| Equity10/15 | €13,911 | -€1,542 | -€293 | €5,392 | €6,970 | €9,886 | €9,664 | €11,977 | ▲ 23.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€4,689 | -€20,142 | -€18,893 | -€13,208 | -€11,630 | -€8,714 | -€8,936 | -€6,623 | ▲ 25.9% |
| Amounts payable17/49 | €2,150 | €4,300 | €5,712 | €9,254 | €16,761 | €8,261 | €12,955 | €2,229 | ▼ 82.8% |
| Amounts payable within one year42/48 | €2,150 | €4,300 | €5,712 | €9,254 | €16,761 | €8,261 | €12,955 | €2,229 | ▼ 82.8% |
| Trade debts44 | €1,485 | €4,300 | €5,356 | €6,800 | €13,277 | €6,168 | €11,186 | €531 | ▼ 95.3% |
| Suppliers440/4 | - | - | - | €6,800 | €13,277 | €6,168 | €11,186 | €531 | ▼ 95.3% |
| Taxes, remuneration and social security45 | - | - | - | €2,454 | €3,484 | €2,093 | €1,769 | €703 | ▼ 60.3% |
| Taxes450/3 | - | - | - | €2,454 | €3,484 | €2,093 | €1,769 | €703 | ▼ 60.3% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €995 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €280 | -€15,453 | €1,249 | €5,685 | €1,578 | €2,916 | -€222 | €2,313 | - |
| Operating cash flow (approximation) | €280 | -€15,453 | €1,249 | €5,685 | €1,578 | €2,916 | -€222 | €2,313 | - |
| Change in cash | - | -€7 | -€31 | €5,912 | €3,004 | -€6,524 | €1,693 | -€5,640 | - |
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, 34,693 companies had the same profile as DELIXIR has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of DELIXIR itself: 0.6% 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 34,693 companies, not a prediction for DELIXIR. 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-06-2026 | 2026-00207356 | |
| 31-12-2024 | full format | 27-06-2025 | 2025-00187594 | |
| 31-12-2023 | full format | 05-06-2024 | 2024-00111893 | |
| 31-12-2022 | full format | 15-07-2023 | 2023-00240736 | |
| 31-12-2021 | full format | 30-08-2022 | 2022-20345543 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-46000129 | |
| 31-12-2019 | micro format | 14-11-2020 | 2020-70800156 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42200432 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56200488 | |
| 31-12-2016 | full format | 04-07-2017 | 2017-26900448 |
Board & ownership
Directors
Directors
1 director
Thierry Szpilman
Current
Sole director · since 31-12-2012 · term without a fixed end · listed in the 2025 annual accounts, filed on 26-06-2026
Owners and capital
Owners
Network & group
DELIXIR shares no director with another company.
Companies at the same address
5 other companies- Danis Sandoval, Randy (sole trader) Establishment · since 2026 1033301606
- GREAMS Establishment · since 2022 0783239960
- WORLD – CONCIERGE Registered office · since 2007 0887277113
- SZPIL INVEST Registered office · since 2002 0476731640
- Etablissements Michel Tournemenne Registered office · since 1948 0403589779
Connections & network
1 current directorThe network starts from the directors of DELIXIR. Every other company they run is a node.
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
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
26-06
abbreviated format · 35 days before the deadline
2025
31-12
Financial
Back to profitnet €2,313
The net result is €2,313, after one loss-making year.
31-12
Financial
Liquidity more than triplescurrent ratio 6.37
The current ratio rises from 1.75 to 6.37. Short-term debt falls from €12,955 to €2,229.
27-06
full format · 34 days before the deadline
2024
16-07
Gazette deed
Reappointment: Thierry Szpilman (sole director)Amendment of the articles · Capital conversion4 points ▸
Gazette deed
Reappointment: Thierry Szpilman (sole director)
Amendment of the articles · Capital conversion4 points ▸
- General meeting, 22-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “fonds disponibles pour distribution, suppression compte indisponible” (deed in French)
- Director reappointment, Thierry Szpilman (sole director)
05-06
full format · 56 days before the deadline
2023
15-07
full format · 16 days before the deadline
2022
30-08
full format · 30 days late
2021
31-12
Financial
Highest result from 2018 to 2025net €5,685 ▲355%
The operating result of €8,331 and the net result of €5,685 are both a record.
29-07
micro format · 2 days before the deadline
2020
31-12
Financial
Back to profitnet €1,249
The net result is €1,249, after one loss-making year.
14-11
micro format · 106 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€15,453
The net result drops to -€15,453, the lowest from 2018 to 2025. It recovers the following year.
31-07
micro format · on the deadline day
2018
30-08
micro format · 30 days late
2017
04-07
full format · 27 days before the deadline
2012
16-11
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
DELIXIR in French
Enterprise number
0500.586.217
Legal form
Private limited company
Status
Active, normale toestand
Founded
06-11-2012
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 16-07-2024 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale, Annexes du Moniteur belge”
deed of 16-07-2024 (in French)Registered office and establishments
Registered office
Lebeaustraat 71, 1000 Brussel, Belgium
Establishment units
Lebeaustraat 71, 1000 Brussel since 06-11-2012 · unit number 2.214.287.59146190 Agents in non-specialised wholesale trade
Delixir, Rue de l'Yser(H-G) 206E2, 7110 La Louvière since 10-01-2014 · unit number 2.225.451.30346170 Agents in the wholesale of food, beverages and tobacco
Activities
NACEBEL 202510890
Manufacture of food products main activity
Codes under NACEBEL 2008
10890
Manufacture of food products main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 16-07-2024 (in French)
“La conception et la commercialisation de produits alimentaires en général,et notamment,les produits alimentaires de gastronomie diététique…”
6 activities
- La conception et la commercialisation de produits alimentaires en général,et notamment,les produits alimentaires de gastronomie diététique inspirés des recettes de chefs de renommée internationale ;
- La commercialisation de recettes de chefs de renommée internationale dans des points de vente(comme les restaurants,snacks ou bars à soupe)soit en propre soit sous forme de franchise.
- Elle peut faire toutes opérations commerciales,industrielles et financières,immobilières et mobilières,se rapportant directement ou indirectement à son objet social ou susceptibles de favoriser son développement,à l'exception des opérations sur valeurs mobilières et immobilières réservées par la loi aux banques et aux sociétés de bourse.
- La société pourra exercer tous mandats relatifs à l'administration,à la gestion,à la direction,au contrôle et à la liquidation de toutes sociétés ou entreprises.
- La société peut,par voie d'apport en espèces ou en nature,de fusion,de souscription,de participation,d'intervention financière ou autrement,prendre des participations dans d'autres sociétés ou entreprises existantes ou à créer,que ce soit en Belgique ou à l'étranger,dont l'objet social serait semblable ou analogue au sien ou de nature à favoriser son objet social.
- Elle peut également consentir tous prêts ou garantir tous prêts consentis par des tiers,étant entendu que la société n'effectuera aucune activité dont l’exercice serait soumis à des dispositions légales ou réglementaires applicables aux établissements de crédits et/ou financiers.
Invoicing and payment
VAT number
BE 0500.586.217
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 14:00
deed of 16-07-2024 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
110 m²
Building footprint
110 m²
Building volume
1,689 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21808H1732/00X000 | Brussels | 110 m² | 1 · 110 m² | 21.4 m · 6 |