Checked.be
Active
BE 0435.120.620Public limited company
DELOLIN
Roterijstraat 33 ·8860 Lendelede, Belgium· 38 yrs active
Sector: Finishing of textiles
(13300)
Conclusion
DELOLIN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.16M and a net result of €169k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 56% of 170 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €2.16M |
| Net result | €169k |
| Staff (FTE) | 2.1 |
| Better than sector | 56% |
Financial profile
74
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
81
Profitability
39
Solvency
98
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1988, 38 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
81
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€170k
estimate, not credit advice
Score history
68
2021
79
2022
93
2023
88
2024
81
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 6.70 (≥ 1.5)
+10
Leverage
Debt/equity 0.67 (< 1.0)
+10
Profitability
ROE 8%
+3
Interest coverage
Interest coverage 33.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
At this pace, net result would indicatively turn negative around fiscal year 2028, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 13, Manufacture of textiles · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 59.9% | 52.4% | |
| Net result | €169k | €39k | |
| Equity | €2.16M | €544k | |
| Gross operating margin | €741k | €316k | |
| Staff costs | €100k | €229k |
€616k
-6.4%
21-25
€169k
-15.0%
21-25
€586k
-0.6%
21-25
€3.60M
-0.3%
21-25
€2.16M
+8.5%
21-25
€1.36M
+13.4%
21-25
2
+23.5%
21-25
€100k
+23.5%
21-25
€49k
-27.8%
21-25
€1.45M
-11.1%
21-25
€239k
-26.0%
21-25
€1.18M
-7.8%
21-25
6.70
+42.0%
21-25
0.96
+36.9%
21-25
59.9%
+8.9%
21-25
0.67
-18.1%
21-25
7.8%
-21.7%
21-25
4.7%
-14.7%
21-25
33.30
-3.0%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €616k | €658k | €781k | €852k | €704k |
| Net profit | €169k | €199k | €305k | €472k | €340k |
| Cash flow | €586k | €589k | €675k | €792k | €633k |
| Staff costs | €100k | €81k | €82k | €63k | - |
| Income taxes | €49k | €67k | €95k | €35k | €47k |
| Dividends | - | - | - | - | - |
| Total assets | €3.60M | €3.61M | €3.38M | €3.88M | €4.06M |
| Equity | €2.16M | €1.99M | €1.79M | €1.48M | €1.01M |
| Debt | €1.45M | €1.63M | €1.59M | €2.40M | €3.04M |
| of which ≤ 1y | €239k | €324k | €196k | €904k | €1.38M |
| of which > 1y | €1.18M | €1.28M | €1.38M | €1.48M | €1.61M |
| Working capital | €1.36M | €1.20M | €731k | €440k | €534k |
| Employees (FTE) | 2.1 | 1.7 | 1.8 | 1.3 | 1.1 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 6.70 | 4.72 | 4.74 | 1.49 | 1.39 |
| Quick ratio | 0.96 | 0.70 | 3.09 | 0.48 | 0.84 |
| Working capital ratio | 37.9% | 33.3% | 21.6% | 11.3% | 13.2% |
| Solvency | 59.9% | 55.0% | 52.9% | 38.2% | 24.9% |
| Debt / equity | 0.67 | 0.82 | 0.89 | 1.62 | 1.59 |
| Long-term debt ratio | 0.55 | 0.65 | 0.77 | 1.00 | 1.59 |
| Interest coverage | 33.30 | 34.35 | 38.89 | 32.76 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 4.7% | 5.5% | 9.0% | 12.2% | 8.4% |
| ROE | 7.8% | 10.0% | 17.0% | 31.8% | 33.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.60M | €3.61M | €3.38M | €3.88M | €4.06M |
| Fixed assets | 21/28 | €2.00M | €2.09M | €2.45M | €2.54M | €2.14M |
| Tangible fixed assets | 22/27 | €2.00M | €2.09M | €2.45M | €2.54M | €2.14M |
| Financial fixed assets | 28 | €135 | €135 | €135 | €135 | €135 |
| Current assets | 29/58 | €1.60M | €1.53M | €927k | €1.34M | €1.92M |
| Stocks & contracts in progress | 3 | €1.37M | €1.30M | €323k | €910k | €750k |
| Amounts receivable within one year | 40/41 | €139k | €145k | €75k | €133k | €336k |
| Investments | 50/53 | - | €0 | €400k | - | - |
| Cash & bank | 54/58 | €84k | €73k | €114k | €288k | €819k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.60M | €3.61M | €3.38M | €3.88M | €4.06M |
| Equity | 10/15 | €2.16M | €1.99M | €1.79M | €1.48M | €1.01M |
| Contributions / capital | 10/11 | €150k | €150k | €150k | €150k | €150k |
| Reserves | 13 | €2.01M | €1.84M | €1.64M | €1.33M | €861k |
| Amounts payable | 17/49 | €1.45M | €1.63M | €1.59M | €2.40M | €3.04M |
| Amounts payable after one year | 17 | €1.18M | €1.28M | €1.38M | €1.48M | €1.61M |
| Amounts payable within one year | 42/48 | €239k | €324k | €196k | €904k | €1.38M |
| Trade debts payable within one year | 44 | €40k | €131k | €2k | €240k | €348k |
| Income statement | ||||||
| Gross operating margin | 9900 | €741k | €761k | €886k | €934k | €820k |
| Operating result | 9901 | €200k | €268k | €410k | €532k | €411k |
| Financial income | 75 | €36k | €17k | €10k | €626 | €1 |
| Financial charges | 65 | €19k | €19k | €20k | €26k | €24k |
| Result before taxes | 9903 | €218k | €266k | €400k | €507k | €386k |
| Income taxes | 67/77 | €49k | €67k | €95k | €35k | €47k |
| Net result for the period | 9904 | €169k | €199k | €305k | €472k | €340k |
| Result to be appropriated | 9905 | €169k | €199k | €305k | €472k | €340k |
Legal Structure
| NACE primary | Finishing of textiles(13300) |
| Legal form | Public limited company(014) |
| Incorporation | 29-08-1988 |
| Status | Active |
| Postal code | 8860 |
Establishment units
DELOLIN
since 19882.040.203.374
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34025A0375/00M000 | Flanders | 1,797 m² | 1 · 110 m² | 11.9 m · 3 fl. |
| 34025A0375/00P000 | Flanders | 1,401 m² | 1 · 217 m² | 11.0 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €169k ▼15%
Net result drops to €169k, the lowest in the series.
30-09
Financial
Equity above €2MEq €2.16M ▲8.5%
5 profitable years in a row build equity to €2.16M.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Liquidity triplescurrent ratio 4.74
Current ratio from 1.49 to 4.74; short-term debt falls from €904k to €196k.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2021net €472k ▲39%
Operating result €532k, net result €472k, both a record.
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2020
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of textiles13100Finishing of textiles1330017140Crop and animal production, hunting and related service activities01160
Names & trade names
| Legal nameNL | DELOLIN |
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