DELNIVELLES
ActiveSummary
The computed 12-month bankruptcy probability of DELNIVELLES is 1.9% (moderate). The 2026 annual accounts show equity of €532,739 and a net result of €505,885. Its solvency ranks better than 27% of 164 sector peers (fiscal year 2026). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2024
Profitability64▲+17
Solvency36▲+2
Growth66
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.04 in 2024; short-term debt: 77.4% and cash: 30.8% of total assets), and 89.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
10.7%
Return on assets
10.1%
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 01-09-2026, 60 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2026
60 d early
2024
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 45 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 (1)
History
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Financials · fiscal year 2026, full schema
In the rankings
#5 employer in Nivelles, Wholesale and retail trade sector
Turnover
€36.6m▲ 4.2%
2024 · €35.1m
EBIT margin
2.2%▲ 1.8pp
2024 · 0.5%
Net result
€505,885▲ 980%
2024 · €46,854
Working capital
€298,499▲ 130%
2024 · €129,844
Trend over the years
Click a name to add, emphasise or remove a line.
Available amounts per fiscal year
Line20242026
Turnover€35.1m-€36.6m-
Operating result€158,928-€822,289-
Net result€46,854-€505,885-
EBIT margin0.5%-2.2%-
Equity€346,854-€532,739-
Total assets€4.0m-€5.0m-
Debt€3.7m-€4.5m-
Working capital€129,844-€298,499-
Staff (FTE)79.3-69.6-
Result per fiscal year
Operating resultNet result
The operating result is €822,289 in 2026, compared with €158,928 in 2024. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2026 in colour, 2024 as the grey bar beneath
Assets €5.0m
Fixed assets
€827,096 ▼ 13.2%
Current assets
€4.2m ▲ 35.6%
Equity and liabilities €5.0m
Equity
€532,739 ▲ 53.6%
Debt
€4.5m ▲ 21.2%
Debt's share of the balance-sheet total falls from 91.4% to 89.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€956,070▲
2024 · €252,412
Cash flow
€639,665▲
2024 · €140,338
Current ratio
1.08▲
2024 · 1.04
Quick ratio
0.77▲
2024 · 0.67
Debt to equity
8.36▼
2024 · 10.60
ROE
95.0%▲
2024 · 13.5%
ROA
10.1%▲
2024 · 1.2%
Interest coverage
16.19▲
2024 · 4.63
Debt ≤ 1 year
€3.9m▲
2024 · €2.9m
Debt > 1 year
€582,782▼
2024 · €724,192
Income taxes
€204,938▲
2024 · €40,179
Staff costs
€4.4m▼
2024 · €4.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 675 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
- without age
0.3%
went bankrupt
2.4%
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 higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 675 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 | 2024 | 2026 | Change |
|---|---|---|---|
| Operating income70/76A | €35.6m | €36.8m | - |
| Turnover70 | €35.1m | €36.6m | - |
| Other operating income74 | €526,536 | €201,265 | - |
| Operating charges60/66A | €35.5m | €36.0m | - |
| Goods for resale, raw materials and consumables60 | €28.3m | €28.7m | - |
| Purchases600/8 | €29.4m | €28.8m | - |
| Change in stocks: decrease (increase)609 | -€1.1m | -€61,962 | - |
| Services and other goods61 | €2.5m | €2.7m | - |
| Remuneration, social security and pensions62 | €4.6m | €4.4m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93,484 | €133,780 | - |
| Other operating charges640/8 | €6,112 | €6,078 | - |
| Operating profit (loss)9901 | €158,928 | €822,289 | - |
| Financial income75/76B | €14,728 | €28,081 | - |
| Recurring financial income75 | €14,728 | €28,081 | - |
| Income from financial fixed assets750 | - | €28,081 | - |
| Income from current assets751 | €9,723 | - | - |
| Other financial income752/9 | €5,004 | - | - |
| Financial charges65/66B | €86,622 | €139,547 | - |
| Recurring financial charges65 | €86,622 | €139,547 | - |
| Debt charges650 | €54,470 | €59,055 | - |
| Other financial charges652/9 | €32,152 | €80,492 | - |
| Profit (loss) for the period before taxes9903 | €87,033 | €710,823 | - |
| Income taxes67/77 | €40,179 | €204,938 | - |
| Taxes670/3 | €40,179 | €204,938 | - |
| Profit (loss) for the period9904 | €46,854 | €505,885 | - |
| Profit (loss) for the period to be appropriated9905 | €46,854 | €505,885 | - |
| Line | 2024 | 2026 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €4.0m | €5.0m | - |
| Fixed assets21/28 | €952,809 | €827,096 | - |
| Intangible fixed assets21 | €910,978 | €785,978 | - |
| Tangible fixed assets22/27 | €41,831 | €36,850 | - |
| Plant, machinery and equipment23 | €36,768 | €29,104 | - |
| Furniture and vehicles24 | €803 | €347 | - |
| Other tangible fixed assets26 | €4,260 | €7,399 | - |
| Financial fixed assets28 | - | €4,268 | - |
| Other financial fixed assets284/8 | - | €4,268 | - |
| Amounts receivable and cash guarantees285/8 | - | €4,268 | - |
| Current assets29/58 | €3.1m | €4.2m | - |
| Amounts receivable after more than one year29 | €500,000 | €500,000 | - |
| Other amounts receivable291 | €500,000 | €500,000 | - |
| Stocks and contracts in progress3 | €1.1m | €1.2m | - |
| Stocks30/36 | €1.1m | €1.2m | - |
| Goods purchased for resale34 | €1.1m | €1.2m | - |
| Amounts receivable within one year40/41 | €324,452 | €908,904 | - |
| Trade receivables40 | €322,859 | €403,282 | - |
| Other amounts receivable41 | €1,593 | €505,622 | - |
| Cash at bank and in hand54/58 | €1.1m | €1.5m | - |
| Deferred charges and accrued income490/1 | €4,537 | €42,601 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €4.0m | €5.0m | - |
| Equity10/15 | €346,854 | €532,739 | - |
| Contributions10/11 | €300,000 | €300,000 | - |
| Reserves13 | €46,000 | €232,739 | - |
| Distributable reserves133 | €46,000 | €232,739 | - |
| Profit (loss) carried forward14 | €854 | - | - |
| Amounts payable17/49 | €3.7m | €4.5m | - |
| Amounts payable after more than one year17 | €724,192 | €582,782 | - |
| Financial debts170/4 | €724,192 | €582,782 | - |
| Credit institutions173 | €724,192 | €582,782 | - |
| Amounts payable within one year42/48 | €2.9m | €3.9m | - |
| Current portion of amounts payable after more than one year42 | €108,190 | €122,957 | - |
| Financial debts43 | - | €376,708 | - |
| Credit institutions430/8 | - | €376,708 | - |
| Trade debts44 | €2.2m | €2.6m | - |
| Suppliers440/4 | €2.2m | €2.6m | - |
| Taxes, remuneration and social security45 | €646,204 | €813,182 | - |
| Taxes450/3 | €95,958 | €204,938 | - |
| Remuneration and social security454/9 | €550,247 | €608,244 | - |
| Accrued charges and deferred income492/3 | €11,607 | €10,073 | - |
| Line | 2024 | 2026 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €46,854 | €505,885 | - |
| + Depreciation and write-downs630 | €93,484 | €133,780 | - |
| Operating cash flow (approximation) | €140,338 | €639,665 | - |
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
2026
18-09
State Gazette act
Resignation: DELGROUP INVEST SRL (director)Permanent representative: Amedeo Courcelles · Appointments: J&JJ GROUP SNC, STRATIFY SRL and BENOVITY SRL · Director discharge8 facts ▸
State Gazette act
Resignation: DELGROUP INVEST SRL (director)
Permanent representative: Amedeo Courcelles · Appointments: J&JJ GROUP SNC, STRATIFY SRL and BENOVITY SRL · Director discharge8 facts ▸
- Director resignation, DELGROUP INVEST SRL (director)
- Permanent representative, Amedeo Courcelles (permanent representative)
- Director discharge, DELGROUP INVEST SRL
- Director appointment, J&JJ GROUP SNC (director)
- Director appointment, STRATIFY SRL (director)
- Director appointment, BENOVITY SRL (director)
- Power of attorney, David Prync
- Power of attorney, Ivana Jeanmart
01-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-03
Financial
Equity above €500,000Eq €532,739 ▲53.6%
2 profitable years in a row build equity to €532,739.
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26117645). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
BENOVITY
CurrentDirector · since 31-08-2026 · Private limited company · perm. rep.: Paul Moreau
J & JJ GROUP
CurrentDirector · since 31-08-2026 · General partnership · perm. rep.: Gilles Verleyen
STRATIFY
CurrentDirector · since 31-08-2026 · Private limited company (pre-2019) · perm. rep.: Martin Zanchetta
Permanent representatives 3
Gilles Verleyen
CurrentPermanent representative · since 31-08-2026 · for J & JJ GROUP
Martin Zanchetta
CurrentPermanent representative · since 31-08-2026 · for STRATIFY
Paul Moreau
CurrentPermanent representative · since 31-08-2026 · for BENOVITY
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 2023
Ground area
1,567 m²
Building footprint
579 m²
Volume, LiDAR
3,113 m³
Parcel 25783E0243/00A002, Wallonia · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.
115
companies at this address
See who is registered here
1 establishment unit
DELNIVELLES
since 20232.349.006.537
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25783E0243/00A002 | Wallonia | 1,567 m² | 1 · 579 m² | 15.0 m · 2 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.
Mandate history
4 people since 2026, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BENOVITY |
|
| J & JJ GROUP |
|
| STRATIFY |
|
| DELGROUP INVEST |
|
Articles of association
Who signs
Each director alone
Structure & network
Owners and holdings
1 ownerChain of control
- DELGROUP INVEST
- DELNIVELLES
Highest known parent: DELGROUP INVEST. The sources do not say who stands above it.
Owners 1
-
100%
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 DELNIVELLES 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
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
DELHEUSY
Shared corporate director
→
DELIEGE INVEST
Shared corporate director
→
GMP HEUSY
Shared corporate director
→
REDPHARMA
Shared corporate director
→
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyNivelles2.349.006.537
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Of 12,955 companies in sector 47120 we hold annual accounts for 2,192. 1,086 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-08-2023
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47120Other non-specialised retail sale
46499Wholesale of other household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0804897882
Registered
03-09-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.