DELMULLE
ActiveDELMULLE has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11.41M and a net result of €2.67M. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 52% of 1290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+21
Solvency59▲+5
Growth65▲+27
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.21 in 2023; short-term debt: 45.6% and cash: 0.8% of total assets), and 66.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2024Solvency, return and age of the figures
Solvency
33.7%
Return on assets
7.9%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €11.41M
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 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
23 d early
2022
20 d early
2021
30 d early
2020
24 d early
2019
23 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€47.15M▼ 12.0%
2023 · €53.57M
2018: €41.75M
2019: €45.92M
2020: €45.83M
2021: €47.64M
2022: €48.71M
2023: €53.57M
2018 → 2024
EBIT margin
8.6%▲ 7.8pp
2023 · 0.8%
2018: 2.7%
2019: 2.2%
2020: 1.2%
2021: 0.7%
2022: -2.5%
2023: 0.8%
2018 → 2024
Net result
€2.67M▲ 14,566%
2023 · €18k
2018: €686k
2019: €640k
2020: €242k
2021: €114k
2022: €-1.39M
2023: €18k
2018 → 2024
Working capital
€6.40M▲ 121%
2023 · €2.90M
2018: €2.84M
2019: €3.23M
2020: €3.78M
2021: €3.41M
2022: €1.96M
2023: €2.90M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€45.83M-€47.64M▲ 4.0%€48.71M▲ 2.2%€53.57M▲ 10.0%€47.15M▼ 12.0%
Equity€10.00M-€10.11M▲ 1.1%€8.72M▼ 13.7%€8.74M▲ 0.2%€11.41M▲ 30.5%
Operating result€532k-€325k▼ 38.9%€-1.20M€407k€4.04M▲ 891%
Net result€242k-€114k▼ 52.8%€-1.39M€18k€2.67M▲ 14,566%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 891% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €33.86M
Fixed assets
€12.03M▼ 7.6%
Current assets
€21.83M▲ 30.1%
Equity and liabilities €33.86M
Equity
€11.41M▲ 30.5%
Provisions
€1.60M▲ 213%
Debt
€20.86M▲ 1.5%
The debt ratio falls from 69.0% to 61.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5.68M▲
2023 · €2.29M
Cash flow
€4.31M▲
2023 · €1.90M
Solvency
33.7%▲
2023 · 29.3%
Current ratio
1.41▲
2023 · 1.21
Quick ratio
0.92▲
2023 · 0.58
Debt / equity
1.83▼
2023 · 2.35
ROE
23.4%▲
2023 · 0.2%
ROA
7.9%▲
2023 · 0.1%
Interest coverage
11.03▲
2023 · 5.24
Debt
€20.86M▲
2023 · €20.55M
Debt ≤ 1 year
€15.43M▲
2023 · €13.89M
Debt > 1 year
€5.41M▼
2023 · €6.64M
Income taxes
€7k▲
2023 · €4k
Staff costs
€12.32M▼
2023 · €12.54M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€29.80M€33.86M▲
Fixed assets21/28€13.02M€12.03M▼
Intangible fixed assets21€467k€582k▲
Tangible fixed assets22/27€9.45M€8.33M▼
Land and buildings22€696k€270k▼
Plant, machinery and equipment23€1.84M€2.07M▲
Furniture and vehicles24€461k€512k▲
Leasing and similar rights25€6.25M€5.20M▼
Assets under construction and advance payments27€199k€270k▲
Financial fixed assets28€3.10M€3.12M▲
Affiliated companies280/1€2.60M€2.60M=
Participating interests280€2.60M€2.60M=
Other financial fixed assets284/8€503k€517k▲
Shares284€35k€35k▼
Amounts receivable and cash guarantees285/8€468k€482k▲
Current assets29/58€16.79M€21.83M▲
Stocks and contracts in progress3€8.66M€7.69M▼
Stocks30/36€3.95M€4.86M▲
Raw materials and consumables30/31€2.83M€1.41M▼
Finished goods33€650k€3.05M▲
Property held for sale35€465k€402k▼
Contracts in progress37€4.72M€2.83M▼
Amounts receivable within one year40/41€6.40M€13.06M▲
Trade receivables40€6.17M€3.07M▼
Other amounts receivable41€227k€9.99M▲
Cash at bank and in hand54/58€612k€276k▼
Deferred charges and accrued income490/1€1.11M€810k▼
Equity and liabilities
Total equity and liabilities10/49€29.80M€33.86M▲
Equity10/15€8.74M€11.41M▲
Contributions10/11€3.74M€3.74M=
Capital10€3.73M€3.73M=
Issued capital100€3.73M€3.73M=
Outside capital11€2k€2k=
Share premium1100/10€2k€2k=
Reserves13€5.01M€7.67M▲
Non-distributable reserves130/1€373k€373k=
Legal reserve130€373k€373k=
Tax-exempt reserves132€1.14M€3.68M▲
Distributable reserves133€3.49M€3.62M▲
Provisions and deferred taxes16€510k€1.60M▲
Provisions for liabilities and charges160/5€332k€573k▲
Other liabilities and charges164/5€332k€573k▲
Deferred taxes168€178k€1.02M▲
Amounts payable17/49€20.55M€20.86M▲
Amounts payable after more than one year17€6.64M€5.41M▼
Financial debts170/4€6.64M€5.41M▼
Leasing and similar obligations172€4.15M€3.40M▼
Credit institutions173€1.23M€889k▼
Other loans174€1.26M€1.12M▼
Amounts payable within one year42/48€13.89M€15.43M▲
Current portion of amounts payable after more than one year42€1.86M€1.56M▼
Financial debts43€4.58M€5.62M▲
Credit institutions430/8€4.58M€5.62M▲
Trade debts44€6.04M€6.61M▲
Suppliers440/4€6.04M€6.61M▲
Advances received on contracts in progress46€224k€363k▲
Taxes, remuneration and social security45€1.14M€1.05M▼
Taxes450/3€222k€217k▼
Remuneration and social security454/9€918k€832k▼
Other amounts payable47/48€37k€238k▲
Accrued charges and deferred income492/3€19k€14k▼
Income statement
Code20232024
Operating income70/76A€53.88M€59.30M▲
Turnover70€53.57M€47.15M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-1.18M€506k▲
Own construction capitalised72-€75k
Other operating income74€1.09M€884k▼
Non-recurring operating income76A€394k€10.69M▲
Operating charges60/66A€53.47M€55.26M▲
Goods for resale, raw materials and consumables60€28.70M€30.16M▲
Purchases600/8€28.24M€28.67M▲
Change in stocks: decrease (increase)609€457k€1.48M▲
Services and other goods61€10.29M€10.01M▼
Remuneration, social security and pensions62€12.54M€12.32M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.89M€1.64M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-131k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-12k€241k▲
Other operating charges640/8€67k€246k▲
Non-recurring operating charges66A€11k€778k▲
Operating profit (loss)9901€407k€4.04M▲
Financial income75/76B€72k€92k▲
Recurring financial income75€72k€92k▲
Income from current assets751€28k€75k▲
Other financial income752/9€44k€17k▼
Financial charges65/66B€480k€611k▲
Recurring financial charges65€480k€611k▲
Debt charges650€438k€515k▲
Other financial charges652/9€42k€96k▲
Profit (loss) for the period before taxes9903€-596€3.52M▲
Transfer from deferred taxes780€23k€78k▲
Transfer to deferred taxes680-€925k
Income taxes67/77€4k€7k▲
Taxes670/3€4k€7k▲
Profit (loss) for the period9904€18k€2.67M▲
Transfer from tax-exempt reserves789€69k€234k▲
Transfer to tax-exempt reserves689-€2.78M
Profit (loss) for the period to be appropriated9905€87k€125k▲
Appropriation of the result
Profit (loss) to be appropriated9906€87k€125k▲
Transfer to equity691/2€87k€125k▲
To other reserves6921€87k€125k▲
Social balance
Average headcount (FTE)9087207.3194.4▼
The notes to these accounts (103 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €2.67M ▲14566%
Operating result €4.04M, net result €2.67M, both a record.
31-12
Financial
Equity above €10MEq €11.41M ▲30.5%
2 profitable years in a row build equity to €11.41M.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-1.39M ▼1319%
Net result drops to €-1.39M, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €10MEq €10.11M ▲1.1%
4 profitable years in a row build equity to €10.11M.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
16-06
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
2015
10-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
12-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2014
17-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2012
10-10
State Gazette act
General meeting · Director resignation
Director appointment · Board composition
2010
14-07
State Gazette act
General meeting · Member resignation
Member admission · Permanent representative
2009
05-01
State Gazette act
Board meeting · Director resignation
Member admission · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 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, Wortegem-Petegem · 1 establishment unit since 1983
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.
Waregemseweg (W.) 1469790 Wortegem-PetegemGround area
2.5 ha
Building footprint
1,649 m²
Parcel 45055C0374/00C002, Flanders. Linked by address, not a title deed.
1 establishment unit
DELMULLE
since 19832.022.787.916
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45055C0374/00C002 | Flanders | 2.5 ha | 1 · 1,649 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Ownership & control
1 partyDELMULLEBE 0424.342.534
controls
Where this company holds controlthis company sits on their board1
1 subsidiary · 3 locations
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 19,739 EUR awarded · 19,739 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,556 EUR | 2,556 EUR |
| 2024 | 2 | 6,538 EUR | 6,538 EUR |
| 2023 | 3 | 4,208 EUR | 9,623 EUR |
| 2022 | 2 | 6,437 EUR | 1,022 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Werkbaarheidscheque (stopgezet)
Subsidies ecologisch en veilig transport (stopgezet)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Recognised contractor
4 categoriesDELMULLE NV17178
Dual-learning approval
1 live approval · 2 endedBuitenschrijnwerker hout duaal (so)
Similar companies · same sector, comparable size
BALFROID - MAGNEE
BE 0452.986.436
Wellin · Eq €11.52M
IMMO - HOET
BE 0416.848.194
Hooglede · Eq €11.28M
Gent Woningbouw
BE 0419.853.810
Middelkerke · Eq €11.54M
Entreprises Koeckelberg
BE 0401.544.861
Charleroi · Eq €11.57M
Le Logis Montagnard
BE 0405.882.444
Montigny-le-Tilleul · Eq €11.14M
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 924 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-08-1983
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
45212
68121Development of residential building projects
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Business parks
1 parkContact point for business park:Waregemseweg 2