DELMAR
ActiveThe file of DELMAR contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 5.4% (elevated). The 2024 annual accounts show equity of €570,199 and a net result of €54,294. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 12% of 316 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+38
Solvency40▲+1
Growth36▼-4
Track record60
Bankruptcy probability, 12 months
5.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.12 against 1.06 in 2023; short-term debt: 52.8% and cash: 8.1% of total assets), and 84.9% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 316 sector peers (2024).
NBB · sector comparisonPosition among 316 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
on the day
2022
on the day
2021
20 d early
2020
25 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€4.6m▼ 29.4%
2022 · €6.5m
EBIT margin
-75.2%▼ 59.6pp
2022 · -15.6%
Net result
€54,294▼ 95.3%
2023 · €1.1m
Working capital
€241,192▲ 140%
2023 · €100,446
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€7.0m▲ 5.5%€7.1m▲ 0.8%€6.5m▼ 8.2%€4.6m▼ 29.4%
Operating result€477,759▲ 96.6%€96,827▼ 79.7%-€1.0m-€3.4m▼ 241%€8,977
Net result€396,806▲ 115%€1,476▼ 99.6%-€1.2m€1.1m€54,294▼ 95.3%
EBIT margin6.8%▲ 3.2pp1.4%▼ 5.4pp-15.6%▼ 16.9pp-75.2%▼ 59.6pp
Equity€566,716▲ 1.3%€565,442▼ 0.2%-€608,634€535,209€570,199▲ 6.5%
Total assets€10.3m▲ 40.0%€7.8m▼ 24.5%€6.3m▼ 18.5%€3.7m▼ 41.6%€3.8m▲ 2.1%
Debt€9.7m▲ 43.2%€7.2m▼ 25.9%€6.9m▼ 3.7%€3.2m▼ 54.4%€3.2m▲ 1.4%
Working capital-€567,451▼ 229%-€1.8m▼ 209%-€3.0m▼ 68.7%€100,446€241,192▲ 140%
Staff (FTE)36.6▲ 0.5%36.1▼ 1.4%32.1▼ 11.1%25.2▼ 21.5%27.2▲ 7.9%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8,977 after a loss of €3.4m in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.8m
Fixed assets
€1.5m ▼ 21.4%
Current assets
€2.2m ▲ 28.7%
Equity and liabilities €3.8m
Equity
€570,199 ▲ 6.5%
Debt
€3.2m ▲ 1.4%
Debt's share of the balance-sheet total falls from 85.6% to 84.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€440,023▲
2023 · -€3.0m
Cash flow
€485,340▼
2023 · €1.6m
Current ratio
1.12▲
2023 · 1.06
Quick ratio
0.70▼
2023 · 0.70
Debt to equity
5.63▼
2023 · 5.92
ROE
9.5%▼
2023 · 214.1%
ROA
1.4%▼
2023 · 30.9%
Interest coverage
20.71▲
2023 · -84.00
Debt ≤ 1 year
€2.0m▲
2023 · €1.6m
Debt > 1 year
€1.2m▼
2023 · €1.5m
Income taxes
€1,739▲
2023 · €1,578
Staff costs
€1.5m▲
2023 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,098 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 4,098 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €8.0m | €7.4m | €4.4m | - | - |
| Turnover70 | €7.0m | €7.1m | €6.5m | €4.6m | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | -€47,759 | €252,733 | -€522,112 | - | - |
| Own construction capitalised72 | - | €400,000 | €113,760 | - | - | - |
| Other operating income74 | - | €502,576 | €496,924 | €353,607 | - | - |
| Non-recurring operating income76A | - | €66,753 | - | - | €41,623 | - |
| Operating charges60/66A | - | €7.9m | €8.4m | €7.9m | - | - |
| Goods for resale, raw materials and consumables60 | - | €3.3m | €3.3m | €2.1m | - | - |
| Purchases600/8 | - | €3.4m | €3.2m | €2.0m | - | - |
| Change in stocks: decrease (increase)609 | - | -€110,587 | €69,039 | €136,459 | - | - |
| Services and other goods61 | - | €2.2m | €1.8m | €1.4m | - | - |
| Remuneration, social security and pensions62 | - | €1.9m | €1.8m | €1.3m | €1.5m | ▲ 15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €354,077 | €510,985 | €533,010 | €447,288 | €431,046 | ▼ 3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €704,384 | €1.1m | - | - |
| Other operating charges640/8 | - | €3,764 | €4,063 | €33,287 | €24,844 | ▼ 25.4% |
| Non-recurring operating charges66A | - | €5,492 | €308,143 | €1.5m | €121,049 | ▼ 91.7% |
| Gross operating margin9900 | - | - | - | - | €2.1m | - |
| Operating profit (loss)9901 | €477,759 | €96,827 | -€1.0m | -€3.4m | €8,977 | ▲ 100% |
| Financial income75/76B | - | €70,427 | €4,218 | €4.7m | €68,307 | ▼ 98.5% |
| Recurring financial income75 | €34,751 | €70,427 | €4,218 | €3,967 | €38,378 | ▲ 867% |
| Income from financial fixed assets750 | - | €39,818 | €1,531 | €728 | - | - |
| Other financial income752/9 | - | €30,609 | €2,687 | €3,239 | - | - |
| Non-recurring financial income76B | - | - | - | €4.6m | €29,929 | ▼ 99.4% |
| Financial charges65/66B | - | €135,109 | €165,690 | €60,282 | €21,251 | ▼ 64.7% |
| Recurring financial charges65 | €93,069 | €135,109 | €125,770 | €60,282 | €21,251 | ▼ 64.7% |
| Debt charges650 | €78,988 | €120,717 | €108,209 | €35,688 | - | - |
| Other financial charges652/9 | - | €14,392 | €17,561 | €24,594 | - | - |
| Non-recurring financial charges66B | - | - | €39,920 | - | - | - |
| Profit (loss) for the period before taxes9903 | €419,441 | €32,144 | -€1.2m | €1.1m | €56,033 | ▼ 95.1% |
| Income taxes67/77 | €22,635 | €30,668 | €1,948 | €1,578 | €1,739 | ▲ 10.2% |
| Taxes670/3 | - | €30,668 | €1,948 | €1,578 | - | - |
| Profit (loss) for the period9904 | €396,806 | €1,476 | -€1.2m | €1.1m | €54,294 | ▼ 95.3% |
| Transfer to tax-exempt reserves689 | - | - | - | €4.7m | - | - |
| Profit (loss) for the period to be appropriated9905 | €396,806 | €1,476 | -€1.2m | -€3.5m | €54,294 | ▲ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.3m | €7.8m | €6.3m | €3.7m | €3.8m | ▲ 2.1% |
| Fixed assets21/28 | €2.7m | €2.9m | €2.5m | €2.0m | €1.5m | ▼ 21.4% |
| Intangible fixed assets21 | €193,129 | €203,151 | €147,271 | €99,296 | €48,007 | ▼ 51.7% |
| Tangible fixed assets22/27 | €2.4m | €2.6m | €2.3m | €1.8m | €1.4m | ▼ 20.9% |
| Land and buildings22 | - | €36,906 | €28,480 | - | €593 | - |
| Plant, machinery and equipment23 | - | €2.3m | €2.1m | €1.7m | €1.4m | ▼ 20.0% |
| Furniture and vehicles24 | - | €201,121 | €146,992 | €81,254 | €47,510 | ▼ 41.5% |
| Leasing and similar rights25 | - | €21,515 | €15,647 | - | - | - |
| Other tangible fixed assets26 | - | €20,174 | €13,866 | €11,008 | €9,657 | ▼ 12.3% |
| Financial fixed assets28 | €67,202 | €67,202 | €27,282 | €57,282 | €66,282 | ▲ 15.7% |
| Affiliated companies280/1 | - | €42,420 | €2,500 | €2,500 | - | - |
| Participating interests280 | - | €42,420 | €2,500 | €2,500 | - | - |
| Other financial fixed assets284/8 | - | €24,782 | €24,782 | €54,782 | - | - |
| Amounts receivable and cash guarantees285/8 | - | €24,782 | €24,782 | €54,782 | - | - |
| Current assets29/58 | €7.6m | €4.9m | €3.9m | €1.7m | €2.2m | ▲ 28.7% |
| Stocks and contracts in progress3 | €996,600 | €1.1m | €1.2m | €584,550 | €849,831 | ▲ 45.4% |
| Stocks30/36 | - | €1.1m | €1.2m | €584,550 | €849,831 | ▲ 45.4% |
| Raw materials and consumables30/31 | - | €357,238 | €288,199 | €151,739 | - | - |
| Finished goods33 | - | €702,190 | €954,923 | €432,811 | - | - |
| Amounts receivable within one year40/41 | €6.2m | €3.6m | €2.6m | €1.1m | €1.1m | ▼ 5.5% |
| Trade receivables40 | - | €3.4m | €2.3m | €648,070 | €1.0m | ▲ 61.6% |
| Other amounts receivable41 | - | €195,067 | €241,450 | €490,811 | €29,392 | ▼ 94.0% |
| Cash at bank and in hand54/58 | €256,258 | €216,427 | €79,040 | €11,334 | €306,155 | ▲ 2,601% |
| Deferred charges and accrued income490/1 | - | €28,483 | €6,069 | €2,933 | €4,370 | ▲ 49.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.3m | €7.8m | €6.3m | €3.7m | €3.8m | ▲ 2.1% |
| Equity10/15 | €566,716 | €565,442 | -€608,634 | €535,209 | €570,199 | ▲ 6.5% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | - | - |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | - | - |
| Reserves13 | €480,121 | €481,598 | €6,150 | €4.7m | €4.7m | = |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €6,150 | - |
| Tax-exempt reserves132 | - | - | - | €4.7m | €4.7m | = |
| Distributable reserves133 | - | €475,448 | - | - | - | - |
| Profit (loss) carried forward14 | - | - | -€698,156 | -€4.2m | -€4.2m | ▲ 1.3% |
| Investment grants15 | - | €22,344 | €21,872 | €19,686 | €382 | ▼ 98.1% |
| Amounts payable17/49 | €9.7m | €7.2m | €6.9m | €3.2m | €3.2m | ▲ 1.4% |
| Amounts payable after more than one year17 | €1.6m | €570,874 | €99,181 | €1.5m | €1.2m | ▼ 20.6% |
| Financial debts170/4 | - | €570,874 | €99,181 | €15,357 | - | - |
| Subordinated loans170 | - | €300,000 | - | - | - | - |
| Leasing and similar obligations172 | - | €88,815 | €31,466 | - | - | - |
| Credit institutions173 | - | €182,059 | €67,715 | €15,357 | - | - |
| Trade debts175 | - | - | - | €1.5m | €1.2m | ▼ 19.8% |
| Suppliers1750 | - | - | - | €1.5m | - | - |
| Amounts payable within one year42/48 | €8.2m | €6.6m | €6.9m | €1.6m | €2.0m | ▲ 21.9% |
| Current portion of amounts payable after more than one year42 | - | €243,353 | €158,008 | €620,559 | €383,244 | ▼ 38.2% |
| Financial debts43 | - | €1.1m | €581,764 | €178,646 | €268,075 | ▲ 50.1% |
| Credit institutions430/8 | - | €1.1m | €581,764 | €178,646 | €268,075 | ▲ 50.1% |
| Trade debts44 | €1.5m | €1.4m | €1.5m | €272,150 | €411,336 | ▲ 51.1% |
| Suppliers440/4 | - | €1.4m | €1.5m | €272,150 | €411,336 | ▲ 51.1% |
| Taxes, remuneration and social security45 | - | €504,740 | €1.2m | €485,539 | €413,445 | ▼ 14.8% |
| Taxes450/3 | - | €268,028 | €643,603 | €162,419 | €126,417 | ▼ 22.2% |
| Remuneration and social security454/9 | - | €236,712 | €571,489 | €323,119 | €287,028 | ▼ 11.2% |
| Other amounts payable47/48 | - | €3.4m | €3.4m | €80,359 | €519,726 | ▲ 547% |
| Accrued charges and deferred income492/3 | - | - | €48 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €396,806 | €1,476 | -€1.2m | €1.1m | €54,294 | ▼ 95.3% |
| + Depreciation and write-downs630 | €354,077 | €510,985 | €533,010 | €447,288 | €431,046 | ▼ 3.6% |
| Operating cash flow (approximation) | €750,883 | €512,461 | -€640,593 | €1.6m | €485,340 | ▼ 69.5% |
| Investment in fixed assets (approximation) | - | -€701,180 | -€93,416 | €38,837 | -€10,168 | ▼ 126% |
| Change in cash | - | -€39,831 | -€137,387 | -€67,705 | €294,820 | ▲ 535% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €1.1m
Net result €1.1m after one loss-making year.
31-12
Financial
Equity above €500,000Eq €535,209
Equity rises from -€608,634 to €535,209.
16-11
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · event 08-11-2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
27-07
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collective agreement · event 18-07-2023
2022
31-12
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Comines-Warneton · 2 establishment units since 2009
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.
Sluisbaan(KOM) 447780 Comines-WarnetonGround area
7,226 m²
Building footprint
1,329 m²
Volume, LiDAR
10,317 m³
Parcel 33305B1021/00A002, Flanders · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Delmar
since 20092.181.851.187
Delmar
since 20192.289.900.279
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B1021/00A002 | Flanders | 7,226 m² | 1 · 1,329 m² | 8.2 m · 3 fl. |
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.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
20.31%
Holdings 1
- Delmar PrefaFRsubsidiarySourceown accounts 202499.8%
According to the 2024 annual accounts of DELMAR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 401 companies in sector 23610 we hold annual accounts for 315. 225 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
23610Manufacture of other non-metallic mineral products
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0818211529
Also
9925:BE0818211529
Registered
28-08-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.