Delmi
ActiveSummary
Delmi has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142,667 and a net result of -€96,054. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 42% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-59
Solvency65▼-21
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.51 against 2.34 in 2024; short-term debt: 58.4% and cash: 1.2% of total assets), but 59.7% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.3%
Return on assets
-27.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-03-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
34 d early
2023
on the day
2022
2 d early
2021
1 d early
2020
31 d early
2019
19 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 18 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Kortrijk, Construction sector
Equity
€142,667▼ 40.2%
2024 · €238,721
Total assets
€353,623▼ 9.0%
2024 · €388,655
Net result
-€96,054
2024 · €25,739
Working capital
€106,359▼ 45.2%
2024 · €194,177
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result€39,974€17,139▼ 57.1%€31,222▲ 82.2%€36,053▲ 15.5%-€86,359
Net result€23,065within the sector's middle half€882within the sector's middle half▼ 96.2%€19,121within the sector's middle half▲ 2,067%€25,739within the sector's middle half▲ 34.6%-€96,054below the sector's middle half
Equity€192,978above the sector's middle half▲ 13.6%€193,860above the sector's middle half▲ 0.5%€212,982above the sector's middle half▲ 9.9%€238,721above the sector's middle half▲ 12.1%€142,667above the sector's middle half▼ 40.2%
Total assets€412,313above the sector's middle half▼ 4.2%€402,498above the sector's middle half▼ 2.4%€408,386above the sector's middle half▲ 1.5%€388,655above the sector's middle half▼ 4.8%€353,623above the sector's middle half▼ 9.0%
Debt€219,335▼ 15.8%€208,638▼ 4.9%€195,404▼ 6.3%€149,934▼ 23.3%€210,956▲ 40.7%
Working capital€112,750above the sector's middle half▲ 136%€115,528above the sector's middle half▲ 2.5%€156,905above the sector's middle half▲ 35.8%€194,177above the sector's middle half▲ 23.8%€106,359above the sector's middle half▼ 45.2%
Solvency46.8%within the sector's middle half▲ 7.3pp48.2%within the sector's middle half▲ 1.4pp52.2%within the sector's middle half▲ 4.0pp61.4%within the sector's middle half▲ 9.3pp40.3%within the sector's middle half▼ 21.1pp
Current ratio1.57within the sector's middle half▲ 0.391.57within the sector's middle half=1.83within the sector's middle half▲ 0.262.34within the sector's middle half▲ 0.511.51within the sector's middle half▼ 0.82
Return on assets (ROA)5.6%within the sector's middle half▲ 14.2pp0.2%below the sector's middle half▼ 5.4pp4.7%within the sector's middle half▲ 4.5pp6.6%within the sector's middle half▲ 1.9pp-27.2%below the sector's middle half▼ 33.8pp
Staff (FTE)4.3=2.8▼ 34.9%2.2▼ 21.4%2.1▼ 4.5%2.1=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
The operating result turns negative in 2025: a loss of €86,359 after €36,053 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353,623
Fixed assets
€40,683 ▼ 17.8%
Current assets
€312,939 ▼ 7.7%
Equity and liabilities €353,623
Equity
€142,667 ▼ 40.2%
Debt
€210,956 ▲ 40.7%
Debt's share of the balance-sheet total rises from 38.6% to 59.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€77,542▼
2024 · €49,480
Cash flow
-€87,237▼
2024 · €39,165
Quick ratio
0.81▼
2024 · 1.35
Debt to equity
1.48▲
2024 · 0.63
ROE
-67.3%▼
2024 · 10.8%
Interest coverage
-7.18▼
2024 · 3.81
Debt ≤ 1 year
€206,581▲
2024 · €144,978
Staff costs
€139,576▲
2024 · €130,694
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 5,836 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €184,434 | €152,971 | €138,497 | €130,694 | €139,576 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,813 | €25,461 | €21,689 | €13,427 | €8,817 | ▼ 34.3% |
| Other operating charges640/8 | €881 | €918 | €1,319 | €1,449 | €13,061 | ▲ 802% |
| Non-recurring operating charges66A | €111 | €0 | - | - | - | - |
| Gross operating margin9900 | €250,212 | €196,488 | €192,727 | €181,623 | €75,095 | ▼ 58.7% |
| Operating profit (loss)9901 | €39,974 | €17,139 | €31,222 | €36,053 | -€86,359 | ▼ 340% |
| Financial income75/76B | €1,213 | €1,256 | €1,031 | €2,673 | €1,112 | ▼ 58.4% |
| Recurring financial income75 | €1,213 | €1,256 | €1,031 | €2,673 | €1,112 | ▼ 58.4% |
| Financial charges65/66B | €18,122 | €17,512 | €13,131 | €12,987 | €10,807 | ▼ 16.8% |
| Recurring financial charges65 | €18,122 | €17,512 | €13,131 | €12,987 | €10,807 | ▼ 16.8% |
| Profit (loss) for the period before taxes9903 | €23,065 | €882 | €19,121 | €25,739 | -€96,054 | ▼ 473% |
| Profit (loss) for the period9904 | €23,065 | €882 | €19,121 | €25,739 | -€96,054 | ▼ 473% |
| Profit (loss) for the period to be appropriated9905 | €23,065 | €882 | €19,121 | €25,739 | -€96,054 | ▼ 473% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €412,313 | €402,498 | €408,386 | €388,655 | €353,623 | ▼ 9.0% |
| Fixed assets21/28 | €102,613 | €83,462 | €62,927 | €49,500 | €40,683 | ▼ 17.8% |
| Intangible fixed assets21 | €3,569 | €1,785 | - | - | - | - |
| Tangible fixed assets22/27 | €74,044 | €56,677 | €37,927 | €24,500 | €15,683 | ▼ 36.0% |
| Land and buildings22 | €3,933 | €2,067 | €1,708 | €1,349 | €990 | ▼ 26.6% |
| Plant, machinery and equipment23 | €70,111 | €54,610 | €36,219 | €23,151 | €14,694 | ▼ 36.5% |
| Financial fixed assets28 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Current assets29/58 | €309,700 | €319,037 | €345,460 | €339,155 | €312,939 | ▼ 7.7% |
| Stocks and contracts in progress3 | €136,020 | €166,694 | €151,585 | €144,123 | €144,620 | ▲ 0.3% |
| Stocks30/36 | €136,020 | €166,694 | €151,585 | €144,123 | €144,620 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €161,093 | €146,931 | €182,022 | €189,020 | €156,732 | ▼ 17.1% |
| Trade receivables40 | €152,221 | €136,652 | €175,900 | €177,334 | €142,251 | ▼ 19.8% |
| Other amounts receivable41 | €8,871 | €10,279 | €6,122 | €11,686 | €14,481 | ▲ 23.9% |
| Cash at bank and in hand54/58 | €6,214 | €916 | €4,671 | €276 | €4,376 | ▲ 1,483% |
| Deferred charges and accrued income490/1 | €6,373 | €4,495 | €7,182 | €5,735 | €7,211 | ▲ 25.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €412,313 | €402,498 | €408,386 | €388,655 | €353,623 | ▼ 9.0% |
| Equity10/15 | €192,978 | €193,860 | €212,982 | €238,721 | €142,667 | ▼ 40.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €227,409 | €227,409 | €227,409 | €227,409 | €80,667 | ▼ 64.5% |
| Non-distributable reserves130/1 | €20,330 | €20,330 | €20,330 | €20,330 | €20,330 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | €14,130 | €14,130 | €14,130 | €14,130 | €14,130 | = |
| Tax-exempt reserves132 | €4,758 | €4,758 | €4,758 | €4,758 | €4,758 | = |
| Distributable reserves133 | €202,322 | €202,322 | €202,322 | €202,322 | €55,579 | ▼ 72.5% |
| Profit (loss) carried forward14 | -€96,431 | -€95,549 | -€76,428 | -€50,689 | - | - |
| Amounts payable17/49 | €219,335 | €208,638 | €195,404 | €149,934 | €210,956 | ▲ 40.7% |
| Amounts payable after more than one year17 | €20,355 | €2,937 | - | - | - | - |
| Financial debts170/4 | €20,355 | €2,937 | - | - | - | - |
| Amounts payable within one year42/48 | €196,950 | €203,508 | €188,555 | €144,978 | €206,581 | ▲ 42.5% |
| Current portion of amounts payable after more than one year42 | €17,785 | €17,418 | €2,937 | - | - | - |
| Financial debts43 | €34,671 | €76,685 | €74,589 | €69,920 | €67,893 | ▼ 2.9% |
| Credit institutions430/8 | €34,671 | €76,685 | €74,589 | €69,920 | €67,893 | ▼ 2.9% |
| Trade debts44 | €72,823 | €79,829 | €72,742 | €54,943 | €88,036 | ▲ 60.2% |
| Suppliers440/4 | €72,823 | €79,829 | €72,742 | €54,943 | €88,036 | ▲ 60.2% |
| Taxes, remuneration and social security45 | €62,625 | €21,294 | €30,958 | €20,114 | €50,652 | ▲ 152% |
| Taxes450/3 | €12,131 | €9,028 | €4,018 | €3,383 | €18,698 | ▲ 453% |
| Remuneration and social security454/9 | €50,494 | €12,266 | €26,941 | €16,731 | €31,954 | ▲ 91.0% |
| Other amounts payable47/48 | €9,046 | €8,283 | €7,329 | - | - | - |
| Accrued charges and deferred income492/3 | €2,030 | €2,192 | €6,849 | €4,957 | €4,375 | ▼ 11.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,065 | €882 | €19,121 | €25,739 | -€96,054 | ▼ 473% |
| + Depreciation and write-downs630 | €24,813 | €25,461 | €21,689 | €13,427 | €8,817 | ▼ 34.3% |
| Operating cash flow (approximation) | €47,878 | €26,343 | €40,811 | €39,165 | -€87,237 | ▼ 323% |
| Investment in fixed assets (approximation) | - | -€6,309 | -€1,154 | €0 | €0 | - |
| Change in cash | - | -€5,297 | €3,754 | -€4,394 | €4,099 | ▲ 193% |
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 2026, expected by
2026
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€96,054
Net result drops to -€96,054, the lowest in the series.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €25,739 ▲34.6%
Net result €25,739, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200,000Eq €212,982 ▲9.9%
3 profitable years in a row build equity to €212,982.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €23,065
Net result €23,065 after one loss-making year.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €6,236
Net result €6,236 after one loss-making year.
Show earlier events
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kortrijk · 2 establishment units since 1967
Ground area
1,003 m²
Building footprint
880 m²
Volume, LiDAR
4,119 m³
2 parcels, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
DELMI
since 19672.070.478.955
DELMI FINNISH DESIGN AND TRADE
since 19672.070.479.054
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0266/00H013 | Flanders | 834 m² | 1 · 754 m² | 10.4 m · 1 fl. |
| 34354C0216/00S003 | Flanders | 169 m² | 1 · 127 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,660 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
Founded29-03-1967
Fiscal year end30-09
Activities, NACEBEL 2025
43320Joinery installation
31004Manufacture of dining room, living room, bedroom and bathroom furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405329445
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.