DELMAX
ActiveSummary
DELMAX has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €10,979. Equity remains stable across the filed fiscal years (±0.8% per year). The computed 12-month bankruptcy probability is < 0.1% (very low).
Financials · fiscal year 2025, abbreviated schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result falls in 2025; 2025 is 48% below 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,471 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% | 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 14,766 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €155,505 | €217,502 | €135,186 | €117,943 | €127,038 | €140,520 | €156,973 | €158,819 | ▲ 1.2% |
| Other operating charges640/8 | - | - | - | €18,633 | €24,890 | €25,583 | €30,505 | €35,012 | ▲ 14.8% |
| Gross operating margin9900 | €349,886 | €157,071 | €191,562 | €194,375 | €179,171 | €192,352 | €329,351 | €267,084 | ▼ 18.9% |
| Operating profit (loss)9901 | €194,381 | -€76,392 | €38,745 | €57,800 | €27,243 | €26,248 | €141,873 | €73,253 | ▼ 48.4% |
| Financial income75/76B | - | - | - | - | - | €6,228 | €6,406 | €9,315 | ▲ 45.4% |
| Recurring financial income75 | €555 | €513 | - | - | - | €6,228 | €6,406 | €9,315 | ▲ 45.4% |
| Financial charges65/66B | - | - | - | €35,000 | €35,027 | €42,043 | €42,054 | €45,130 | ▲ 7.3% |
| Recurring financial charges65 | €20,000 | €20,000 | €25,000 | €35,000 | €35,027 | €42,043 | €42,054 | €45,130 | ▲ 7.3% |
| Profit (loss) for the period before taxes9903 | €174,936 | -€95,879 | €13,745 | €22,800 | -€7,784 | -€9,567 | €106,224 | €37,437 | ▼ 64.8% |
| Transfer from deferred taxes780 | - | - | - | €10,281 | €10,281 | €10,281 | €10,281 | €10,281 | = |
| Income taxes67/77 | €147,579 | €791 | €211 | €17,190 | €8,993 | €8,228 | €40,115 | €36,740 | ▼ 8.4% |
| Profit (loss) for the period9904 | €215,449 | -€68,278 | €23,816 | €15,891 | -€6,495 | -€7,513 | €76,390 | €10,979 | ▼ 85.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €30,038 | €30,038 | €30,038 | €30,038 | €30,038 | = |
| Profit (loss) for the period to be appropriated9905 | €516,662 | -€56,351 | €53,854 | €45,929 | €23,543 | €22,525 | €106,428 | €41,017 | ▼ 61.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.7m | €2.7m | €2.8m | €2.8m | €2.8m | €2.8m | €2.9m | €2.9m | ▲ 0.9% |
| Fixed assets21/28 | €2.1m | €2.5m | €1.9m | €1.8m | €2.0m | €2.5m | €2.4m | €2.2m | ▼ 6.6% |
| Tangible fixed assets22/27 | €2.1m | €2.5m | €1.9m | €1.8m | €2.0m | €2.5m | €2.4m | €2.2m | ▼ 6.6% |
| Land and buildings22 | - | - | - | €1.8m | €1.9m | €2.5m | €2.4m | €2.2m | ▼ 6.4% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.008m | €0.01m | €0.03m | €0.02m | ▼ 13.2% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.002m | €0.004m | €0.003m | €0.002m | ▼ 38.6% |
| Financial fixed assets28 | €390 | €390 | €390 | €390 | €390 | €390 | €390 | €390 | = |
| Current assets29/58 | €0.5m | €0.2m | €0.9m | €1.0m | €0.8m | €0.2m | €0.5m | €0.6m | ▲ 40.7% |
| Amounts receivable within one year40/41 | €0.001m | - | - | - | - | €0.002m | €0.01m | €0.007m | ▼ 48.5% |
| Trade receivables40 | - | - | - | - | - | €0.002m | €0.01m | €0.007m | ▼ 48.5% |
| Current investments50/53 | - | - | - | - | - | €0.2m | €0.4m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.5m | €0.2m | €0.9m | €1.0m | €0.8m | €0.04m | €0.04m | €0.6m | ▲ 1,657% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €454 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.7m | €2.7m | €2.8m | €2.8m | €2.8m | €2.8m | €2.9m | €2.9m | ▲ 0.9% |
| Equity10/15 | €1.8m | €1.7m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.9m | ▲ 2.9% |
| Contributions10/11 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Capital10 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Issued capital100 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Reserves13 | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | ▲ 2.3% |
| Non-distributable reserves130/1 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Legal reserve130 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Tax-exempt reserves132 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 4.4% |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.5m | €0.6m | ▲ 7.6% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.09m | ▼ 36.1% |
| Deferred taxes168 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.09m | ▼ 36.1% |
| Amounts payable17/49 | €0.6m | €0.7m | €0.8m | €0.8m | €0.9m | €0.8m | €0.9m | €0.9m | ▲ 2.9% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 5.0% |
| Financial debts170/4 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Other amounts payable178/9 | - | - | - | - | - | - | - | €0.02m | - |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 0.4% |
| Trade debts44 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.006m | €0.001m | €0.004m | ▲ 588% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.006m | €0.001m | €0.004m | ▲ 588% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €0.02m | €0.04m | €0.06m | ▲ 46.0% |
| Taxes450/3 | - | - | - | €0.02m | €0.03m | €0.02m | €0.04m | €0.06m | ▲ 46.0% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 4.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0.008m | €0.009m | €0.01m | €0.02m | ▲ 29.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €215,449 | -€68,278 | €23,816 | €15,891 | -€6,495 | -€7,513 | €76,390 | €10,979 | ▼ 85.6% |
| + Depreciation and write-downs630 | €155,505 | €217,502 | €135,186 | €117,943 | €127,038 | €140,520 | €156,973 | €158,819 | ▲ 1.2% |
| Operating cash flow (approximation) | €370,955 | €149,225 | €159,002 | €133,834 | €120,543 | €133,007 | €233,363 | €169,799 | ▼ 27.2% |
| Investment in fixed assets (approximation) | - | -€575,059 | €440,696 | -€1,974 | -€300,000 | -€722,293 | -€19,372 | -€1,257 | ▲ 93.5% |
| Change in cash | - | -€353,808 | €673,099 | €135,863 | -€167,900 | -€785,454 | -€6,097 | €590,773 | ▲ 9,789% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.