DELL
ActiveSummary
DELL has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24.0m and a net result of €6.4m. Equity is growing by about 13% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.0% (low).
Financials · financial year 2025, full format, 2026 accounts filed, figures not processed yet
In the rankings
#1 employer in Wemmel, Wholesale and retail trade sector#1 company by total assets in Wemmel, Wholesale and retail trade sector#1 company by equity in Wemmel, Wholesale and retail trade sector
Turnover
€353.3m▼ 8.9%
2024 · €387.8m
EBIT margin
1.1%▲ 0.3pp
2024 · 0.8%
Net result
€6.4m▲ 40.6%
2024 · €4.6m
Working capital
€183.5m▼ 10.2%
2024 · €204.3m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 29% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€353.3m
2025
Operating result€4.0m
2025
Net result€6.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€246.2m
2025
Equity€24.0m
2025
Debt€222.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€183.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin1.1%
2025
Return on assets (ROA)2.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency9.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.14
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)193.4
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€231.3m-€322.0m▲ 39.2%€340.7m▲ 5.8%€394.8m▲ 15.9%€474.0m▲ 20.0%€387.8m▼ 18.2%€353.3m▼ 8.9%
Operating result€2.7m-€3.3m▲ 21.5%€2.7m▼ 18.7%€2.1m▼ 20.2%€7.6m▲ 255%€3.1m▼ 58.9%€4.0m▲ 28.8%
Net result€2.0m-€1.5m▼ 24.7%€1.4mabove the sector's middle half▼ 8.5%€1.7mabove the sector's middle half▲ 27.3%€5.6mabove the sector's middle half▲ 221%€4.6mabove the sector's middle half▼ 18.3%€6.4mabove the sector's middle half▲ 40.6%
EBIT margin1.2%-1.0%▼ 0.1pp0.8%▼ 0.2pp0.5%▼ 0.2pp1.6%▲ 1.1pp0.8%▼ 0.8pp1.1%▲ 0.3pp
Equity€15.2m-€1.7m▼ 88.9%€3.1mwithin the sector's middle half▲ 80.4%€24.9mabove the sector's middle half▲ 713%€30.4mabove the sector's middle half▲ 22.4%€28.0mabove the sector's middle half▼ 8.1%€24.0mabove the sector's middle half▼ 14.3%
Total assets€72.1m-€171.5m▲ 138%€245.7mabove the sector's middle half▲ 43.2%€278.8mabove the sector's middle half▲ 13.5%€301.9mabove the sector's middle half▲ 8.3%€269.5mabove the sector's middle half▼ 10.7%€246.2mabove the sector's middle half▼ 8.6%
Debt€56.9m-€169.8m▲ 198%€242.6m▲ 42.9%€253.9m▲ 4.7%€271.4m▲ 6.9%€241.5m▼ 11.0%€222.3m▼ 8.0%
Working capital€55.0m-€42.9m▼ 21.9%€90.0mabove the sector's middle half▲ 110%€187.3mabove the sector's middle half▲ 108%€210.4mabove the sector's middle half▲ 12.3%€204.3mabove the sector's middle half▼ 2.9%€183.5mabove the sector's middle half▼ 10.2%
Solvency21.1%-1.0%▼ 20.1pp1.2%below the sector's middle half▲ 0.3pp8.9%below the sector's middle half▲ 7.7pp10.1%below the sector's middle half▲ 1.2pp10.4%below the sector's middle half▲ 0.3pp9.7%below the sector's middle half▼ 0.6pp
Current ratio4.25-1.65▼ 2.601.92within the sector's middle half▲ 0.273.42above the sector's middle half▲ 1.503.55above the sector's middle half▲ 0.144.39above the sector's middle half▲ 0.844.14above the sector's middle half▼ 0.25
Return on assets (ROA)2.7%-0.9%▼ 1.9pp0.6%below the sector's middle half▼ 0.3pp0.6%below the sector's middle half▲ 0.1pp1.8%within the sector's middle half▲ 1.2pp1.7%within the sector's middle half▼ 0.2pp2.6%within the sector's middle half▲ 0.9pp
Staff (FTE)137-215.7▲ 57.4%272above the sector's middle half▲ 26.1%254.2above the sector's middle half▼ 6.5%263.1above the sector's middle half▲ 3.5%231above the sector's middle half▼ 12.2%193.4above the sector's middle half▼ 16.3%
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2022 Equity +713% on 2021. Capital increase of €22,982,000 (Official Gazette 25-06-2021).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €246.2m
Fixed assets
€4.2m ▼ 15.1%
Current assets
€242.0m ▼ 8.5%
Equity and liabilities €246.2m
Equity
€24.0m ▼ 14.3%
Debt
€222.3m ▼ 8.0%
Debt's share of the balance-sheet total rises from 89.6% to 90.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6.9m▼
2024 · €8.1m
Cash flow
€9.3m▼
2024 · €9.5m
Quick ratio
4.10▼
2024 · 4.34
Debt to equity
9.27▲
2024 · 8.64
ROE
26.7%▲
2024 · 16.3%
Interest coverage
93.08▲
2024 · 15.89
Debt ≤ 1 year
€58.5m▼
2024 · €60.2m
Income taxes
€3.5m▼
2024 · €3.5m
Staff costs
€53.8m▼
2024 · €55.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 208 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 99.0% are still going.
- Medium-sized
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
0.5%
went bankrupt
0.0%
stopped otherwise
99.0%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 208 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | €333.7m | - | €412.4m | €496.2m | €406.1m | €372.8m | ▼ 8.2% |
| Turnover70 | €231.3m | €322.0m | €340.7m | €394.8m | €474.0m | €387.8m | €353.3m | ▼ 8.9% |
| Other operating income74 | - | €11.8m | - | €17.6m | €18.7m | €18.3m | €19.5m | ▲ 6.3% |
| Non-recurring operating income76A | - | - | - | - | €3.5m | - | - | - |
| Operating charges60/66A | - | €330.4m | - | €410.3m | €488.6m | €403.0m | €368.7m | ▼ 8.5% |
| Goods for resale, raw materials and consumables60 | - | €275.5m | - | €353.5m | €421.3m | €337.7m | €307.1m | ▼ 9.1% |
| Purchases600/8 | - | €275.6m | - | €354.1m | €422.1m | €339.1m | €306.4m | ▼ 9.7% |
| Change in stocks: decrease (increase)609 | - | -€0.09m | - | -€0.6m | -€0.8m | -€1.5m | €0.7m | - |
| Services and other goods61 | - | €9.4m | - | €3.9m | €6.9m | €5.2m | €5.1m | ▼ 1.3% |
| Remuneration, social security and pensions62 | - | €43.6m | - | €47.7m | €54.5m | €55.1m | €53.8m | ▼ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €1.7m | €5.1m | €5.0m | €5.8m | €4.9m | €2.9m | ▼ 41.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0.1m | - | - | - | - | -€0.2m | - |
| Other operating charges640/8 | - | €0.1m | - | €0.2m | €0.08m | €0.07m | €0.1m | ▲ 29.6% |
| Operating profit (loss)9901 | €2.7m | €3.3m | €2.7m | €2.1m | €7.6m | €3.1m | €4.0m | ▲ 28.8% |
| Financial income75/76B | - | €1.1m | - | €2.4m | €3.0m | €5.4m | €5.9m | ▲ 8.9% |
| Recurring financial income75 | €0.5m | €1.1m | €1.2m | €2.4m | €3.0m | €5.4m | €5.9m | ▲ 8.9% |
| Income from current assets751 | - | €0.3m | - | €1.1m | €1.4m | €5.1m | €5.7m | ▲ 12.1% |
| Other financial income752/9 | - | €0.8m | - | €1.3m | €1.6m | €0.3m | €0.2m | ▼ 39.0% |
| Financial charges65/66B | - | €1.0m | - | €0.3m | €1.3m | €0.5m | €0.07m | ▼ 85.4% |
| Recurring financial charges65 | €0.008m | €1.0m | €0.5m | €0.3m | €1.3m | €0.5m | €0.07m | ▼ 85.4% |
| Other financial charges652/9 | - | €1.0m | - | €0.3m | €1.3m | €0.5m | €0.07m | ▼ 85.4% |
| Profit (loss) for the period before taxes9903 | €3.2m | €3.4m | €3.4m | €4.2m | €9.3m | €8.0m | €9.9m | ▲ 22.6% |
| Income taxes67/77 | €1.2m | €1.9m | €2.0m | €2.5m | €3.7m | €3.5m | €3.5m | ▼ 0.8% |
| Taxes670/3 | - | €1.9m | - | €2.5m | €3.7m | €3.5m | €3.5m | ▼ 0.8% |
| Profit (loss) for the period9904 | €2.0m | €1.5m | €1.4m | €1.7m | €5.6m | €4.6m | €6.4m | ▲ 40.6% |
| Profit (loss) for the period to be appropriated9905 | €2.0m | €1.5m | €1.4m | €1.7m | €5.6m | €4.6m | €6.4m | ▲ 40.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €72.1m | €171.5m | €245.7m | €278.8m | €301.9m | €269.5m | €246.2m | ▼ 8.6% |
| Fixed assets21/28 | €0.2m | €62.1m | €57.7m | €14.0m | €9.0m | €5.0m | €4.2m | ▼ 15.1% |
| Intangible fixed assets21 | - | €15.4m | €12.1m | €8.7m | €5.3m | €2.0m | - | - |
| Tangible fixed assets22/27 | €0.2m | €7.7m | €6.6m | €5.3m | €3.7m | €3.0m | €4.2m | ▲ 40.2% |
| Plant, machinery and equipment23 | - | €3.5m | - | €2.0m | €1.2m | €1.1m | €3.0m | ▲ 159% |
| Furniture and vehicles24 | - | €0.001m | - | €0.2m | €0.1m | €0.07m | - | - |
| Other tangible fixed assets26 | - | €0.07m | - | €3.1m | €2.4m | €1.8m | €1.2m | ▼ 33.9% |
| Assets under construction and advance payments27 | - | €4.1m | - | €0.007m | €0.04m | €0.007m | €0.08m | ▲ 933% |
| Financial fixed assets28 | - | €39.0m | €39.0m | - | - | - | - | - |
| Other financial fixed assets284/8 | - | €39.0m | - | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €39.0m | - | - | - | - | - | - |
| Current assets29/58 | €71.9m | €109.4m | €188.0m | €264.8m | €292.8m | €264.5m | €242.0m | ▼ 8.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €85.0m | €117.0m | €32.0m | ▼ 72.6% |
| Other amounts receivable291 | - | - | - | - | €85.0m | €117.0m | €32.0m | ▼ 72.6% |
| Stocks and contracts in progress3 | €0.6m | €0.7m | €0.3m | €0.9m | €1.7m | €3.1m | €2.4m | ▼ 23.0% |
| Stocks30/36 | - | €0.7m | - | €0.9m | €1.7m | €3.1m | €2.4m | ▼ 23.0% |
| Goods purchased for resale34 | - | €0.7m | - | €0.9m | €1.7m | €3.1m | €2.4m | ▼ 23.0% |
| Amounts receivable within one year40/41 | €64.7m | €96.8m | €136.7m | €197.7m | €125.6m | €67.5m | €145.2m | ▲ 115% |
| Trade receivables40 | - | €89.4m | - | €66.2m | €58.0m | €48.0m | €36.0m | ▼ 24.9% |
| Other amounts receivable41 | - | €7.4m | - | €131.5m | €67.6m | €19.5m | €109.2m | ▲ 459% |
| Cash at bank and in hand54/58 | €0.2m | €0.5m | €1.1m | €0.3m | €2.6m | €1.1m | €0.9m | ▼ 20.3% |
| Deferred charges and accrued income490/1 | - | €11.3m | - | €66.0m | €77.9m | €75.7m | €61.5m | ▼ 18.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €72.1m | €171.5m | €245.7m | €278.8m | €301.9m | €269.5m | €246.2m | ▼ 8.6% |
| Equity10/15 | €15.2m | €1.7m | €3.1m | €24.9m | €30.4m | €28.0m | €24.0m | ▼ 14.3% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €23.0m | €23.0m | €23.0m | €23.0m | = |
| Capital10 | - | €0.06m | - | €23.0m | €23.0m | €23.0m | €23.0m | = |
| Issued capital100 | - | €0.06m | - | €23.0m | €23.0m | €23.0m | €23.0m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.09m | €0.4m | €0.6m | €0.9m | ▲ 51.9% |
| Non-distributable reserves130/1 | - | - | - | €0.09m | €0.4m | €0.6m | €0.9m | ▲ 51.9% |
| Legal reserve130 | - | €0.006m | - | €0.09m | €0.4m | €0.6m | €0.9m | ▲ 51.9% |
| Profit (loss) carried forward14 | €15.1m | €1.6m | €3.0m | €1.7m | €7.0m | €4.3m | - | - |
| Amounts payable17/49 | €56.9m | €169.8m | €242.6m | €253.9m | €271.4m | €241.5m | €222.3m | ▼ 8.0% |
| Amounts payable within one year42/48 | €16.9m | €66.4m | €97.9m | €77.5m | €82.4m | €60.2m | €58.5m | ▼ 2.9% |
| Trade debts44 | €3.6m | €23.9m | €53.2m | €57.6m | €59.1m | €43.5m | €36.3m | ▼ 16.5% |
| Suppliers440/4 | - | €23.9m | - | €57.6m | €59.1m | €43.5m | €36.3m | ▼ 16.5% |
| Taxes, remuneration and social security45 | - | €19.5m | - | €19.9m | €23.3m | €16.7m | €16.0m | ▼ 3.8% |
| Taxes450/3 | - | €9.9m | - | €11.2m | €14.4m | €9.2m | €8.8m | ▼ 3.7% |
| Remuneration and social security454/9 | - | €9.6m | - | €8.7m | €9.0m | €7.5m | €7.2m | ▼ 3.8% |
| Other amounts payable47/48 | - | €23.0m | - | - | - | - | €6.1m | - |
| Accrued charges and deferred income492/3 | - | €103.4m | - | €176.4m | €189.0m | €181.3m | €163.8m | ▼ 9.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.0m | €1.5m | €1.4m | €1.7m | €5.6m | €4.6m | €6.4m | ▲ 40.6% |
| + Depreciation and write-downs630 | €0.2m | €1.7m | €5.1m | €5.0m | €5.8m | €4.9m | €2.9m | ▼ 41.8% |
| Operating cash flow (approximation) | €2.1m | €3.2m | €6.5m | €6.7m | €11.4m | €9.5m | €9.3m | ▼ 2.3% |
| Investment in fixed assets (approximation) | - | -€63.6m | -€0.7m | €38.7m | -€0.8m | -€0.9m | -€2.1m | ▼ 143% |
| Change in cash | - | €0.4m | €0.6m | -€0.8m | €2.4m | -€1.5m | -€0.2m | ▲ 84.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-01-2026 | full format | 13-08-2026 | 2026-00395933 |
| 31-01-2025 | full format | 28-07-2025 | 2025-00347227 |
| 02-02-2024 | full format | 12-08-2024 | 2024-00345970 |
| 03-02-2023 | full format | 28-07-2023 | 2023-00309599 |
| 28-01-2022 | full format | 23-08-2022 | 2022-20383876 |
| 29-01-2021 | full format | 16-08-2021 | 2021-49900488 |
| 31-01-2020 | full format | 24-08-2020 | 2020-45100319 |
| 01-02-2019 | full format | 26-08-2019 | 2019-53700419 |
| 02-02-2018 | full format | 08-08-2018 | 2018-45900215 |
| 03-02-2017 | full format | 31-08-2017 | 2017-55800448 |
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