DELMARENGO
ActiveSummary
DELMARENGO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €273,962 and a net result of €108,504. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 30% of 164 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability61▲+4
Solvency38▼-1
Growth48=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.11 in 2025; short-term debt: 66.9% and cash: 12.5% of total assets), and 86.6% of the assets are financed with debt.
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Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
13.4%
Return on assets
5.3%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
47 d early
2025
21 d early
2024
20 d early
2023
32 d early
2022
3 d early
2021
16 d late
2020
29 d early
← 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 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
€8.8m▲ 4.0%
2025 · €8.5m
EBIT margin
2.2%▲ 1.0pp
2025 · 1.3%
Net result
€108,504▲ 155%
2025 · €42,623
Working capital
€148,207▲ 11.4%
2025 · €133,063
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Turnover€7.7m▼ 3.2%€7.8m▲ 2.0%€8.2m▲ 4.5%€8.5m▲ 3.4%€8.8m▲ 4.0%
Operating result€161,257▼ 31.7%€119,923▼ 25.6%€49,474▼ 58.7%€107,386▲ 117%€196,929▲ 83.4%
Net result€100,052within the sector's middle half▼ 37.7%€71,915within the sector's middle half▼ 28.1%€9,748within the sector's middle half▼ 86.4%€42,623within the sector's middle half▲ 337%€108,504▲ 155%
EBIT margin2.1%▼ 0.9pp1.5%▼ 0.6pp0.6%▼ 0.9pp1.3%▲ 0.7pp2.2%▲ 1.0pp
Equity€274,173within the sector's middle half▼ 2.8%€273,088within the sector's middle half▼ 0.4%€282,836within the sector's middle half▲ 3.6%€275,459within the sector's middle half▼ 2.6%€273,962▼ 0.5%
Total assets€1.1mwithin the sector's middle half▼ 4.7%€1.2mwithin the sector's middle half▲ 15.3%€1.9mwithin the sector's middle half▲ 55.9%€1.9mwithin the sector's middle half▼ 0.1%€2.0m▲ 5.8%
Debt€801,294▼ 5.3%€966,628▲ 20.6%€1.7m▲ 70.7%€1.7m▲ 0.3%€1.8m▲ 6.9%
Working capital€184,764▲ 21.7%€208,174▲ 12.7%€112,297▼ 46.1%€133,063▲ 18.5%€148,207▲ 11.4%
Solvency25.5%within the sector's middle half▲ 0.5pp22.0%within the sector's middle half▼ 3.5pp14.6%within the sector's middle half▼ 7.4pp14.3%below the sector's middle half▼ 0.4pp13.4%▼ 0.9pp
Staff (FTE)22.5above the sector's middle half▲ 10.8%22above the sector's middle half▼ 2.2%21.4above the sector's middle half▼ 2.7%21.7above the sector's middle half▲ 1.4%20.8▼ 4.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 83% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €2.0m
Fixed assets
€529,004 ▼ 13.9%
Current assets
€1.5m ▲ 15.0%
Equity and liabilities €2.0m
Equity
€273,962 ▼ 0.5%
Debt
€1.8m ▲ 6.9%
Debt's share of the balance-sheet total rises from 85.7% to 86.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€282,128▲
2025 · €198,104
Cash flow
€193,703▲
2025 · €133,341
Current ratio
1.11▼
2025 · 1.11
Quick ratio
0.71▼
2025 · 0.73
Debt to equity
6.46▲
2025 · 6.01
ROE
39.6%▲
2025 · 15.5%
ROA
5.3%▲
2025 · 2.2%
Interest coverage
10.44▲
2025 · 6.62
Debt ≤ 1 year
€1.4m▲
2025 · €1.2m
Debt > 1 year
€402,288▼
2025 · €464,368
Income taxes
€39,315▲
2025 · €15,494
Staff costs
€653,496▼
2025 · €694,920
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,600 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 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 2,600 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €7.8m | €7.9m | €8.3m | €8.5m | €8.8m | ▲ 3.9% |
| Turnover70 | €7.7m | €7.8m | €8.2m | €8.5m | €8.8m | ▲ 4.0% |
| Other operating income74 | €107,375 | €81,918 | €82,800 | €51,962 | €41,944 | ▼ 19.3% |
| Operating charges60/66A | €7.6m | €7.8m | €8.2m | €8.4m | €8.6m | ▲ 2.9% |
| Goods for resale, raw materials and consumables60 | €6.3m | €6.5m | €6.8m | €7.0m | €7.3m | ▲ 4.3% |
| Purchases600/8 | €6.3m | €6.5m | €6.8m | €7.0m | €7.4m | ▲ 5.2% |
| Change in stocks: decrease (increase)609 | -€20,887 | -€56,948 | €41,674 | -€29,904 | -€94,023 | ▼ 214% |
| Services and other goods61 | €597,071 | €636,002 | €631,943 | €604,466 | €601,272 | ▼ 0.5% |
| Remuneration, social security and pensions62 | €623,051 | €645,895 | €661,240 | €694,920 | €653,496 | ▼ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,485 | €43,283 | €44,615 | €90,718 | €85,199 | ▼ 6.1% |
| Other operating charges640/8 | €6,973 | €2,624 | €34,365 | €18,331 | €4,000 | ▼ 78.2% |
| Operating profit (loss)9901 | €161,257 | €119,923 | €49,474 | €107,386 | €196,929 | ▲ 83.4% |
| Financial income75/76B | - | €546 | - | - | - | - |
| Recurring financial income75 | - | €546 | - | - | - | - |
| Other financial income752/9 | - | €546 | - | - | - | - |
| Financial charges65/66B | €24,945 | €22,434 | €35,159 | €49,269 | €49,110 | ▼ 0.3% |
| Recurring financial charges65 | €24,945 | €22,434 | €35,159 | €49,269 | €49,110 | ▼ 0.3% |
| Debt charges650 | €4,480 | €4,081 | €15,322 | €29,934 | €27,033 | ▼ 9.7% |
| Other financial charges652/9 | €20,465 | €18,353 | €19,837 | €19,336 | €22,077 | ▲ 14.2% |
| Profit (loss) for the period before taxes9903 | €136,312 | €98,035 | €14,315 | €58,117 | €147,819 | ▲ 154% |
| Income taxes67/77 | €36,260 | €26,120 | €4,567 | €15,494 | €39,315 | ▲ 154% |
| Taxes670/3 | €36,260 | €26,120 | €4,571 | €15,494 | €39,315 | ▲ 154% |
| Tax adjustments and reversals of tax provisions77 | - | - | €4 | - | - | - |
| Profit (loss) for the period9904 | €100,052 | €71,915 | €9,748 | €42,623 | €108,504 | ▲ 155% |
| Profit (loss) for the period to be appropriated9905 | €100,052 | €71,915 | €9,748 | €42,623 | €108,504 | ▲ 155% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.9m | €1.9m | €2.0m | ▲ 5.8% |
| Fixed assets21/28 | €89,410 | €64,943 | €701,190 | €614,203 | €529,004 | ▼ 13.9% |
| Tangible fixed assets22/27 | €88,676 | €64,209 | €700,457 | €613,470 | €528,271 | ▼ 13.9% |
| Plant, machinery and equipment23 | €40,781 | €31,898 | €656,792 | €584,139 | €513,262 | ▼ 12.1% |
| Furniture and vehicles24 | €893 | €523 | €154 | - | - | - |
| Leasing and similar rights25 | €376 | - | - | - | - | - |
| Other tangible fixed assets26 | €46,627 | €31,789 | €43,511 | €29,331 | €15,008 | ▼ 48.8% |
| Financial fixed assets28 | €733 | €733 | €733 | €733 | €733 | = |
| Other financial fixed assets284/8 | €733 | €733 | €733 | €733 | €733 | = |
| Amounts receivable and cash guarantees285/8 | €733 | €733 | €733 | €733 | €733 | = |
| Current assets29/58 | €986,058 | €1.2m | €1.2m | €1.3m | €1.5m | ▲ 15.0% |
| Amounts receivable after more than one year29 | €308,000 | €356,000 | €391,000 | €519,000 | €639,000 | ▲ 23.1% |
| Trade receivables290 | - | - | - | - | €639,000 | - |
| Other amounts receivable291 | €308,000 | €356,000 | €391,000 | €519,000 | - | - |
| Stocks and contracts in progress3 | €403,052 | €460,000 | €418,326 | €448,230 | €542,253 | ▲ 21.0% |
| Stocks30/36 | €403,052 | €460,000 | €418,326 | €448,230 | €542,253 | ▲ 21.0% |
| Goods purchased for resale34 | €403,052 | €460,000 | €418,326 | €448,230 | €542,253 | ▲ 21.0% |
| Amounts receivable within one year40/41 | €68,050 | €31,056 | €80,078 | €46,274 | €69,057 | ▲ 49.2% |
| Trade receivables40 | €22,047 | €27,176 | €58,096 | €35,263 | €26,806 | ▼ 24.0% |
| Other amounts receivable41 | €46,003 | €3,880 | €21,982 | €11,011 | €42,251 | ▲ 284% |
| Cash at bank and in hand54/58 | €199,455 | €317,730 | €332,015 | €293,767 | €255,325 | ▼ 13.1% |
| Deferred charges and accrued income490/1 | €7,500 | €9,987 | €10,660 | €9,666 | €8,787 | ▼ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.9m | €1.9m | €2.0m | ▲ 5.8% |
| Equity10/15 | €274,173 | €273,088 | €282,836 | €275,459 | €273,962 | ▼ 0.5% |
| Contributions10/11 | €247,894 | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Capital10 | €247,894 | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Issued capital100 | €247,894 | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Reserves13 | €24,789 | €24,789 | €34,789 | €24,789 | €24,789 | = |
| Non-distributable reserves130/1 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Legal reserve130 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Distributable reserves133 | - | - | €10,000 | - | - | - |
| Profit (loss) carried forward14 | €1,490 | €405 | €153 | €2,776 | €1,279 | ▼ 53.9% |
| Amounts payable17/49 | €801,294 | €966,628 | €1.7m | €1.7m | €1.8m | ▲ 6.9% |
| Amounts payable after more than one year17 | - | - | €524,035 | €464,368 | €402,288 | ▼ 13.4% |
| Financial debts170/4 | - | - | €524,035 | €464,368 | €402,288 | ▼ 13.4% |
| Credit institutions173 | - | - | €524,035 | €464,368 | €402,288 | ▼ 13.4% |
| Amounts payable within one year42/48 | €801,294 | €966,599 | €1.1m | €1.2m | €1.4m | ▲ 15.4% |
| Current portion of amounts payable after more than one year42 | €77,012 | €85,702 | €137,040 | €139,220 | €134,146 | ▼ 3.6% |
| Financial debts43 | - | - | - | - | €6,616 | - |
| Credit institutions430/8 | - | - | - | - | €6,616 | - |
| Trade debts44 | €494,532 | €672,067 | €841,105 | €857,404 | €946,801 | ▲ 10.4% |
| Suppliers440/4 | €494,532 | €672,067 | €841,105 | €857,404 | €946,801 | ▲ 10.4% |
| Taxes, remuneration and social security45 | €121,750 | €135,831 | €141,637 | €137,251 | €168,652 | ▲ 22.9% |
| Taxes450/3 | €14,651 | €15,483 | €8,428 | €12,581 | €34,036 | ▲ 171% |
| Remuneration and social security454/9 | €107,099 | €120,348 | €133,209 | €124,669 | €134,616 | ▲ 8.0% |
| Other amounts payable47/48 | €108,000 | €73,000 | - | €50,000 | €110,000 | ▲ 120% |
| Accrued charges and deferred income492/3 | - | €29 | €6,616 | €7,439 | €960 | ▼ 87.1% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100,052 | €71,915 | €9,748 | €42,623 | €108,504 | ▲ 155% |
| + Depreciation and write-downs630 | €73,485 | €43,283 | €44,615 | €90,718 | €85,199 | ▼ 6.1% |
| Operating cash flow (approximation) | €173,537 | €115,198 | €54,363 | €133,341 | €193,703 | ▲ 45.3% |
| Investment in fixed assets (approximation) | - | -€18,816 | -€680,862 | -€3,731 | €0 | ▲ 100% |
| Change in cash | - | €118,275 | €14,285 | -€38,248 | -€38,442 | ▼ 0.5% |
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
Next filing, fiscal year 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
31-03
Financial
Back to profitnet €160,646
Net result €160,646 after one loss-making year.
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Weakest financial yearnet -€5,309
Net result drops to -€5,309, the lowest in the series; recovery starts the following year.
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Frameries · 1 establishment unit since 1992
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.
Av. des Nouvelles Technologies 717080 FrameriesGround area
2,445 m²
Building footprint
3,247 m²
Volume, LiDAR
15,492 m³
Parcel 62810B0621/00T000, Wallonia · tallest building 37.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AD DELHAIZE
since 19922.059.967.026
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62810B0621/00T000 | Wallonia | 2,445 m² | 1 · 3,246 m² | 37.4 m · 1 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 ownerChain of control
- COURCELLES RETAIL
- DELMARENGO
Highest known parent: COURCELLES RETAIL. The sources do not say who stands above it.
Owners 1
- COURCELLES RETAILparentSourceown accounts 31-03-2026100%
Stated earlier (2)
An older source named these owners; newer accounts no longer list them.
-
100%
-
99%
Holdings 0
The accounts to 31-03-2026 list no holdings, and no other source names one.
According to the annual accounts to 31-03-2026 of DELMARENGO 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.059.967.026
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 3,903 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
Founded07-11-1991
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445655810
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.