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DELMA

Active
Private limited company (pre-2019)founded 199531 yrs activeAllée des Abbesses 35, 4000 Liège, BelgiumKBO/BCE: BE 0454.740.156
Summary

DELMA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,548 and a net result of €369. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 83% of 2315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability40▼-60
Solvency100▲+18
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 5.8 against 2.38 in 2024; short-term debt: 17.2% and cash: 2.9% of total assets), and 18.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 31 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
81.9%
Return on assets
0.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 filings
Deviation from the deadline
2025
31 d late
2024
61 d late
2023
35 d early
2022
5 d early
2021
30 d early
2020
31 d late
2019
102 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 22 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 26 July (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 March 1995, DELMA was incorporated.1 Total assets went from EUR 78,099 in 2018 to EUR 43,408 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€35,548▲ 1.0%
2024 · €35,179
Total assets
€43,408▼ 29.2%
2024 · €61,325
Net result
€369▼ 97.9%
2024 · €17,324
Working capital
€35,923▲ 1.0%
2024 · €35,555
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€7,839€3,998-€1,751€18,462€627▼ 96.6%
Net result-€7,010below the sector's middle half€3,503within the sector's middle half-€2,120below the sector's middle half€17,324within the sector's middle half€369within the sector's middle half▼ 97.9%
Equity€16,472within the sector's middle half▼ 29.9%€19,975within the sector's middle half▲ 21.3%€17,855within the sector's middle half▼ 10.6%€35,179within the sector's middle half▲ 97.0%€35,548within the sector's middle half▲ 1.0%
Total assets€89,887within the sector's middle half▼ 3.6%€106,766within the sector's middle half▲ 18.8%€51,075below the sector's middle half▼ 52.2%€61,325within the sector's middle half▲ 20.1%€43,408below the sector's middle half▼ 29.2%
Debt€73,415▲ 5.2%€86,791▲ 18.2%€33,220▼ 61.7%€26,145▼ 21.3%€7,860▼ 69.9%
Working capital€16,472within the sector's middle half▼ 27.8%€20,044within the sector's middle half▲ 21.7%€17,855within the sector's middle half▼ 10.9%€35,555within the sector's middle half▲ 99.1%€35,923within the sector's middle half▲ 1.0%
Solvency18.3%within the sector's middle half▼ 6.8pp18.7%within the sector's middle half▲ 0.4pp35.0%within the sector's middle half▲ 16.2pp57.4%within the sector's middle half▲ 22.4pp81.9%above the sector's middle half▲ 24.5pp
Current ratio1.22within the sector's middle half▼ 0.101.23within the sector's middle half▲ 0.011.54within the sector's middle half▲ 0.312.38within the sector's middle half▲ 0.845.80above the sector's middle half▲ 3.42
Return on assets (ROA)-7.8%below the sector's middle half▼ 10.6pp3.3%within the sector's middle half▲ 11.1pp-4.2%below the sector's middle half▼ 7.4pp28.3%above the sector's middle half▲ 32.4pp0.8%within the sector's middle half▼ 27.4pp
above within below the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2021: -€7,839-€7,839Net result 2021: -€7,010-€7,010Operating result 2022: €3,998€3,998Net result 2022: €3,503€3,503Operating result 2023: -€1,751-€1,751Net result 2023: -€2,120-€2,120Operating result 2024: €18,462€18,462Net result 2024: €17,324€17,324Operating result 2025: €627€627Net result 2025: €369€36920212022202320242025-€10,000€0€10,000€20,000Operating result 2023: -€1,751-€1,750Net result 2023: -€2,120-€2,120Operating result 2024: €18,462€18,500Net result 2024: €17,324€17,300Operating result 2025: €627€627Net result 2025: €369€369202320242025
The operating result falls in 2025; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €43,408
Equity €35,548 ▲ 1.0%
Debt €7,860 ▼ 69.9%
Debt's share of the balance-sheet total falls from 42.6% to 18.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.22▼
2024 · 0.74
ROE
1.0%▼
2024 · 49.2%
Debt ≤ 1 year
€7,484▼
2024 · €25,770
Income taxes
€100▼
2024 · €802
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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% 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 17,040 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€61,325€43,408▼
Current assets29/58€61,325€43,408▼
Amounts receivable within one year40/41€60,174€42,154▼
Trade receivables40€19,192-
Other amounts receivable41€40,982€42,154▲
Cash at bank and in hand54/58€1,151€1,253▲
Equity and liabilities
Total equity and liabilities10/49€61,325€43,408▼
Equity10/15€35,179€35,548▲
Contributions10/11€18,750€18,750=
Capital10€18,750€18,750=
Issued capital100€18,750€18,750=
Reserves13€4,250€4,250=
Non-distributable reserves130/1€1,875€1,875=
Legal reserve130€1,875€1,875=
Tax-exempt reserves132€2,375€2,375=
Profit (loss) carried forward14€12,179€12,548▲
Amounts payable17/49€26,145€7,860▼
Amounts payable within one year42/48€25,770€7,484▼
Trade debts44€3,724€4,564▲
Suppliers440/4€3,724€4,564▲
Advances received on contracts in progress46€21,244€849▼
Taxes, remuneration and social security45€802€2,072▲
Taxes450/3€802€2,072▲
Accrued charges and deferred income492/3€375€375=
Income statement Code20242025
Non-recurring operating income76A€28,532-
Other operating charges640/8€9,031-
Gross operating margin9900€27,493€627▼
Operating profit (loss)9901€18,462€627▼
Financial income75/76B€170-
Recurring financial income75€170-
Financial charges65/66B€506€159▼
Recurring financial charges65€506€159▼
Profit (loss) for the period before taxes9903€18,127€469▼
Income taxes67/77€802€100▼
Profit (loss) for the period9904€17,324€369▼
Profit (loss) for the period to be appropriated9905€17,324€369▼
Appropriation of the result
Profit (loss) to be appropriated9906€12,179€12,548▲
Profit (loss) brought forward from the previous period14P-€5,145€12,179▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A---€28,532--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68-----
Other operating charges640/8€652€643€925€9,031--
Gross operating margin9900-€7,119€4,642-€826€27,493€627▼ 97.7%
Operating profit (loss)9901-€7,839€3,998-€1,751€18,462€627▼ 96.6%
Financial income75/76B€1,294€65€3€170--
Recurring financial income75€1,294€65€3€170--
Financial charges65/66B€465€561€372€506€159▼ 68.6%
Recurring financial charges65€465€561€372€506€159▼ 68.6%
Profit (loss) for the period before taxes9903-€7,010€3,503-€2,120€18,127€469▼ 97.4%
Income taxes67/77---€802€100▼ 87.5%
Profit (loss) for the period9904-€7,010€3,503-€2,120€17,324€369▼ 97.9%
Profit (loss) for the period to be appropriated9905-€7,010€3,503-€2,120€17,324€369▼ 97.9%
Line20212022202320242025Change
Assets
Total assets20/58€89,887€106,766€51,075€61,325€43,408▼ 29.2%
Current assets29/58€89,887€106,766€51,075€61,325€43,408▼ 29.2%
Stocks and contracts in progress3€8,932€17,022€6,332---
Stocks30/36€8,932€17,022€6,332---
Amounts receivable within one year40/41€61,316€60,511€24,925€60,174€42,154▼ 29.9%
Trade receivables40€13,509€12,075€18,638€19,192--
Other amounts receivable41€47,807€48,436€6,287€40,982€42,154▲ 2.9%
Cash at bank and in hand54/58€19,326€28,724€19,420€1,151€1,253▲ 8.9%
Deferred charges and accrued income490/1€315€509€398---
Equity and liabilities
Total equity and liabilities10/49€89,887€106,766€51,075€61,325€43,408▼ 29.2%
Equity10/15€16,472€19,975€17,855€35,179€35,548▲ 1.0%
Contributions10/11€18,750€18,750€18,750€18,750€18,750=
Capital10€18,750€18,750€18,750€18,750€18,750=
Issued capital100€18,750€18,750€18,750€18,750€18,750=
Reserves13€4,250€4,250€4,250€4,250€4,250=
Non-distributable reserves130/1€1,875€1,875€1,875€1,875€1,875=
Legal reserve130€1,875€1,875€1,875€1,875€1,875=
Tax-exempt reserves132€2,375€2,375€2,375€2,375€2,375=
Profit (loss) carried forward14-€6,528-€3,025-€5,145€12,179€12,548▲ 3.0%
Amounts payable17/49€73,415€86,791€33,220€26,145€7,860▼ 69.9%
Amounts payable within one year42/48€73,415€86,722€33,220€25,770€7,484▼ 71.0%
Trade debts44€73,415€86,722€33,220€3,724€4,564▲ 22.5%
Suppliers440/4€73,415€86,722€33,220€3,724€4,564▲ 22.5%
Advances received on contracts in progress46---€21,244€849▼ 96.0%
Taxes, remuneration and social security45---€802€2,072▲ 158%
Taxes450/3---€802€2,072▲ 158%
Accrued charges and deferred income492/3-€69-€375€375=
Line20212022202320242025Change
Profit (loss) for the period9904-€7,010€3,503-€2,120€17,324€369▼ 97.9%
+ Depreciation and write-downs630€68-----
Operating cash flow (approximation)-€6,942€3,503-€2,120€17,324€369▼ 97.9%
Change in cash-€9,398-€9,304-€18,269€102▲ 101%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial Liquidity doublescurrent ratio 5.80
Current ratio from 2.38 to 5.80; short-term debt falls from €25,770 to €7,484.
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial Back to profitnet €17,324
Net result €17,324 after one loss-making year.
26-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €3,503
Net result €3,503 after one loss-making year.
01-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet -€7,010
Net result drops to -€7,010, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
10-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
28-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Liège · 1 establishment unit since 1995
seat establishment The establishment unit on the map
Ground area
602 m²
Building footprint
161 m²
Parcel 62087A0039/00F002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Allée des Abbesses 35, 4000 Liège
Wholesale trade
since 19952.072.219.116
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62087A0039/00F002 Wallonia 602 m² 1 · 161 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Liège2.072.219.116
1 permission
Vervoer levensmiddelen onder gecontroleerde temperatuur en/of atmosfeer · since 05-05-2011

Similar companies · same sector, comparable size

Of 4,576 companies in sector 82300 we hold annual accounts for 1,673. 1,231 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 (pre-2019)
Founded14-03-1995
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
10711Manufacture of food products
E-invoicing
Not found in the Peppol register

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.