DELNIC
ActiveSummary
DELNIC has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.3m and a net result of €141,265. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 84% of 3,849 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, full format
Turnover
€357,500▼ 7.1%
2024 · €385,000
EBIT margin
67.5%▼ 6.1pp
2024 · 73.6%
Net result
€141,265▼ 8.1%
2024 · €153,798
Working capital
€273,270▲ 106%
2024 · €132,692
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 15% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.4m
2025
Operating result€0.2m
2025
Net result€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€7.0m
2025
Equity€6.3m
2025
Debt€0.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin67.5%
2025
Return on assets (ROA)2.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency89.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio9.74
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.4m€0.4m▼ 7.1%
Operating result€0.05m-€0.08m▲ 67.9%€0.1m▲ 36.9%€0.3m▲ 162%€0.3m▲ 1.1%€0.3m▲ 1.3%€0.2m▼ 14.9%
Net result€0.03m-€0.05mabove the sector's middle half▲ 71.2%€0.07mabove the sector's middle half▲ 36.6%€0.2mabove the sector's middle half▲ 152%€0.2mwithin the sector's middle half▼ 13.2%€0.2mwithin the sector's middle half▼ 3.0%€0.1mwithin the sector's middle half▼ 8.1%
EBIT margin73.6%67.5%▼ 6.1pp
Equity€0.3m-€0.3mabove the sector's middle half▲ 20.2%€0.4mabove the sector's middle half▲ 16.8%€0.5mwithin the sector's middle half▲ 29.9%€0.6mwithin the sector's middle half▲ 22.8%€0.7mwithin the sector's middle half▲ 18.4%€6.3mabove the sector's middle half▲ 805%
Total assets€0.3m-€0.4mwithin the sector's middle half▲ 20.5%€0.4mwithin the sector's middle half▲ 11.9%€1.6mwithin the sector's middle half▲ 280%€1.6mwithin the sector's middle half▲ 0.4%€1.4mwithin the sector's middle half▼ 11.1%€7.0mwithin the sector's middle half▲ 384%
Debt€0.05m-€0.07m▲ 21.8%€0.06m▼ 11.6%€1.1m▲ 20×€1.0m▼ 9.0%€0.8m▼ 27.8%€0.7m▼ 5.6%
Working capital€0.3m-€0.3mabove the sector's middle half▲ 20.6%€0.4mabove the sector's middle half▲ 17.0%-€0.4mbelow the sector's middle half€0.2mwithin the sector's middle half€0.1mwithin the sector's middle half▼ 27.8%€0.3mwithin the sector's middle half▲ 106%
Solvency82.9%-82.7%above the sector's middle half▼ 0.2pp86.3%above the sector's middle half▲ 3.6pp29.5%within the sector's middle half▼ 56.8pp36.1%within the sector's middle half▲ 6.6pp48.1%within the sector's middle half▲ 12.0pp89.9%above the sector's middle half▲ 41.8pp
Current ratio5.80-5.74above the sector's middle half▼ 0.077.27above the sector's middle half▲ 1.530.53below the sector's middle half▼ 6.741.77within the sector's middle half▲ 1.242.19within the sector's middle half▲ 0.439.74above the sector's middle half▲ 7.55
Return on assets (ROA)9.8%-13.9%within the sector's middle half▲ 4.1pp17.0%within the sector's middle half▲ 3.1pp11.3%within the sector's middle half▼ 5.7pp9.7%within the sector's middle half▼ 1.5pp10.6%within the sector's middle half▲ 0.9pp2.0%within the sector's middle half▼ 8.6pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2022 Net result +152% on 2021. This financial year ran 15 months, the previous one 12. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.0m
Fixed assets
€6.7m ▲ 457%
Current assets
€304,529 ▲ 24.8%
Equity and liabilities €7.0m
Equity
€6.3m ▲ 805%
Debt
€708,279 ▼ 5.6%
Debt's share of the balance-sheet total falls from 51.9% to 10.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€242,181▼
2024 · €284,673
Cash flow
€142,235▼
2024 · €155,100
Debt to equity
0.11▼
2024 · 1.08
ROE
2.2%▼
2024 · 22.1%
Interest coverage
4.84▼
2024 · 5.11
Debt ≤ 1 year
€31,259▼
2024 · €111,269
Debt > 1 year
€632,000=
2024 · €632,000
Income taxes
€49,431▼
2024 · €73,463
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | €402,977 | €361,173 | ▼ 10.4% |
| Turnover70 | - | - | - | - | - | €385,000 | €357,500 | ▼ 7.1% |
| Other operating income74 | - | - | - | - | - | €17,977 | €3,673 | ▼ 79.6% |
| Operating charges60/66A | - | - | - | - | - | €119,606 | €119,962 | ▲ 0.3% |
| Services and other goods61 | - | - | - | - | - | €116,675 | €117,374 | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €399 | €399 | €399 | €969 | €1,302 | €1,302 | €971 | ▼ 25.4% |
| Other operating charges640/8 | - | - | - | €621 | €499 | €1,629 | €1,617 | ▼ 0.7% |
| Gross operating margin9900 | €47,154 | €78,056 | €106,400 | €278,419 | €281,633 | - | - | - |
| Operating profit (loss)9901 | €45,987 | €77,201 | €105,654 | €276,829 | €279,832 | €283,371 | €241,211 | ▼ 14.9% |
| Financial income75/76B | - | - | - | €0 | - | - | - | - |
| Recurring financial income75 | - | - | €0 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €13,872 | €45,738 | €56,110 | €50,515 | ▼ 10.0% |
| Recurring financial charges65 | €2,007 | €1,911 | €3,653 | €13,872 | €45,738 | €56,110 | €50,515 | ▼ 10.0% |
| Debt charges650 | - | - | - | - | - | €55,662 | €50,053 | ▼ 10.1% |
| Other financial charges652/9 | - | - | - | - | - | €448 | €461 | ▲ 2.9% |
| Profit (loss) for the period before taxes9903 | €43,980 | €75,290 | €102,001 | €262,957 | €234,094 | €227,261 | €190,696 | ▼ 16.1% |
| Income taxes67/77 | €12,976 | €22,201 | €29,466 | €80,201 | €75,545 | €73,463 | €49,431 | ▼ 32.7% |
| Taxes670/3 | - | - | - | - | - | €73,463 | €49,431 | ▼ 32.7% |
| Profit (loss) for the period9904 | €31,005 | €53,090 | €72,535 | €182,756 | €158,549 | €153,798 | €141,265 | ▼ 8.1% |
| Profit (loss) for the period to be appropriated9905 | €31,005 | €53,090 | €72,535 | €182,756 | €158,549 | €153,798 | €141,265 | ▼ 8.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.3m | €0.4m | €0.4m | €1.6m | €1.6m | €1.4m | €7.0m | ▲ 384% |
| Fixed assets21/28 | €0.004m | €0.003m | €0.003m | €1.2m | €1.2m | €1.2m | €6.7m | ▲ 457% |
| Tangible fixed assets22/27 | €0.004m | €0.003m | €0.003m | €0.005m | €0.003m | €0.002m | €0.01m | ▲ 406% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.002m | €0.001m | €0.008m | ▲ 468% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.001m | €433 | €0.001m | ▲ 189% |
| Financial fixed assets28 | - | - | - | €1.2m | €1.2m | €1.2m | €6.7m | ▲ 457% |
| Affiliated companies280/1 | - | - | - | - | - | €1.2m | €6.7m | ▲ 457% |
| Participating interests280 | - | - | - | - | - | €1.2m | €6.7m | ▲ 457% |
| Current assets29/58 | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.2m | €0.3m | ▲ 24.8% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.02m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 29.1% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.1m | €0.07m | ▼ 28.0% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.02m | €0.04m | €0.03m | ▼ 31.7% |
| Cash at bank and in hand54/58 | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | €0.1m | €0.2m | ▲ 94.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.003m | €0.003m | €0.003m | ▲ 5.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.3m | €0.4m | €0.4m | €1.6m | €1.6m | €1.4m | €7.0m | ▲ 384% |
| Equity10/15 | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | €6.3m | ▲ 805% |
| Contributions10/11 | €0.04m | €0 | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Revaluation surpluses12 | - | - | - | - | - | - | €5.5m | - |
| Reserves13 | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.7m | €0.8m | ▲ 16.8% |
| Non-distributable reserves130/1 | - | - | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.4m | €0.5m | €0.7m | €0.8m | ▲ 16.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €0.05m | €0.07m | €0.06m | €1.1m | €1.0m | €0.8m | €0.7m | ▼ 5.6% |
| Amounts payable after more than one year17 | - | - | - | €0.4m | €0.8m | €0.6m | €0.6m | = |
| Financial debts170/4 | - | - | - | €0.4m | €0.2m | €0 | - | - |
| Other loans174 | - | - | - | - | - | €0 | - | - |
| Other amounts payable178/9 | - | - | - | - | €0.6m | €0.6m | €0.6m | = |
| Amounts payable within one year42/48 | €0.05m | €0.07m | €0.06m | €0.8m | €0.2m | €0.1m | €0.03m | ▼ 71.9% |
| Trade debts44 | - | €0.003m | €0.001m | €244 | €0.009m | €0.001m | €482 | ▼ 67.0% |
| Suppliers440/4 | - | - | - | €244 | €0.009m | €0.001m | €482 | ▼ 67.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.05m | €0.06m | €0.03m | ▼ 52.3% |
| Taxes450/3 | - | - | - | €0.05m | €0.05m | €0.06m | €0.03m | ▼ 52.3% |
| Other amounts payable47/48 | - | - | - | €0.7m | €0.2m | €0.05m | €0.002m | ▼ 95.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.02m | €0.007m | €0.05m | ▲ 554% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.05m | €0.07m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 8.1% |
| + Depreciation and write-downs630 | €399 | €399 | €399 | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 25.4% |
| Operating cash flow (approximation) | €0.03m | €0.05m | €0.07m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 8.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1.2m | €0 | €0 | -€5.5m | - |
| Change in cash | - | €0.07m | €0.04m | -€0.1m | €0.001m | -€0.2m | €0.1m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 16-07-2026 | 2026-00309441 |
| 31-12-2024 | full format | 15-05-2025 | 2025-00096862 |
| 31-12-2023 | abbreviated format | 11-04-2024 | 2024-00061373 |
| 31-12-2022 | abbreviated format | 13-03-2023 | 2023-00038889 |
| 30-09-2021 | micro format | 05-01-2022 | 2022-00300047 |
| 30-09-2020 | micro format | 21-12-2020 | 2020-76500311 |
| 30-09-2019 | micro format | 28-01-2020 | 2020-02400246 |
| 30-09-2018 | micro format | 17-01-2019 | 2019-01700194 |
| 30-09-2017 | micro format | 03-01-2018 | 2018-00300059 |
| 30-09-2016 | abbreviated format | 15-02-2017 | 2017-04600364 |
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Of the 5,751 active companies whose main activity is activities of head offices (NACE 70100), figures are known for 3,662. 1,066 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.