DELOR STABLES
ActiveThe computed 12-month bankruptcy probability of DELOR STABLES is 2.5% (moderate). The 2025 annual accounts show equity of €42k and a net result of €-26k. Equity is growing by ~67.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 4418 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency23▼-11
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.32 in 2024), and 85.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
+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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
14.4%
Return on assets
-8.9%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€26k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 4418 sector peers (2025).
NBB · sector comparisonPosition among 4418 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
6 d late
2024
26 d late
2023
29 d late
2022
24 d early
2021
25 d early
2020
33 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▼ 38.3%
2024 · €69k
2020: €-30k
2021: €-19k
2022: €19k
2023: €125k
2024: €69k
2020 → 2025
Total assets
€294k▼ 15.5%
2024 · €348k
2020: €174k
2021: €224k
2022: €226k
2023: €316k
2024: €348k
2020 → 2025
Net result
€-26k▲ 53.3%
2024 · €-56k
2020: €-40k
2021: €11k
2022: €38k
2023: €106k
2024: €-56k
2020 → 2025
Working capital
€13k▼ 62.0%
2024 · €33k
2020: €-105k
2021: €-81k
2022: €-22k
2023: €97k
2024: €33k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-19k-€19k€125k▲ 550%€69k▼ 45.0%€42k▼ 38.3%
Operating result€13k-€40k▲ 202%€141k▲ 252%€-50k€-20k▲ 60.1%
Net result€11k-€38k▲ 245%€106k▲ 174%€-56k€-26k▲ 53.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €50k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €294k
Fixed assets
€163k▼ 22.7%
Current assets
€131k▼ 4.7%
Equity and liabilities €294k
Equity
€42k▼ 38.3%
Provisions
€24k▼ 18.3%
Debt
€227k▼ 9.0%
The debt ratio rises from 71.8% to 77.4%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€20k▲
2024 · €-15k
Cash flow
€14k▲
2024 · €-22k
Solvency
14.4%▼
2024 · 19.7%
Current ratio
1.11▼
2024 · 1.32
Quick ratio
1.04▼
2024 · 1.04
Debt / equity
5.38▲
2024 · 3.64
ROE
-62.1%▲
2024 · -81.9%
ROA
-8.9%▲
2024 · -16.2%
Interest coverage
1.73▲
2024 · -1.54
Debt
€227k▼
2024 · €250k
Debt ≤ 1 year
€118k▲
2024 · €104k
Debt > 1 year
€109k▼
2024 · €145k
Staff costs
€404▼
2024 · €27k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€348k€294k▼
Fixed assets21/28€210k€163k▼
Tangible fixed assets22/27€201k€154k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€41k€33k▼
Leasing and similar rights25€141k€115k▼
Other tangible fixed assets26€13k-
Financial fixed assets28€9k€9k=
Current assets29/58€137k€131k▼
Stocks and contracts in progress3€29k€8k▼
Stocks30/36€29k€8k▼
Amounts receivable within one year40/41€31k€78k▲
Trade receivables40€31k€78k▲
Cash at bank and in hand54/58€76k€44k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€348k€294k▼
Equity10/15€69k€42k▼
Contributions10/11€10k€10k=
Reserves13€88k€72k▼
Tax-exempt reserves132€88k€72k▼
Profit (loss) carried forward14€-29k€-40k▼
Provisions and deferred taxes16€29k€24k▼
Deferred taxes168€29k€24k▼
Amounts payable17/49€250k€227k▼
Amounts payable after more than one year17€145k€109k▼
Financial debts170/4€145k€109k▼
Amounts payable within one year42/48€104k€118k▲
Current portion of amounts payable after more than one year42€40k€37k▼
Trade debts44€11k€20k▲
Suppliers440/4€11k€20k▲
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€6k€1k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€45k€58k▲
Income statement
Code20242025
Remuneration, social security and pensions62€27k€404▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€40k▲
Other operating charges640/8€14k€14k▲
Gross operating margin9900€26k€35k▲
Operating profit (loss)9901€-50k€-20k▲
Financial income75/76B€643€1▼
Recurring financial income75€643€1▼
Financial charges65/66B€10k€12k▲
Recurring financial charges65€10k€12k▲
Profit (loss) for the period before taxes9903€-59k€-32k▲
Transfer from deferred taxes780€3k€5k▲
Profit (loss) for the period9904€-56k€-26k▲
Transfer from tax-exempt reserves789€9k€16k▲
Profit (loss) for the period to be appropriated9905€-48k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€-40k▼
Profit (loss) brought forward from the previous period14P€18k€-29k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-56k ▼153%
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2020net €106k ▲174%
Operating result €141k, net result €106k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.04
Current ratio from 0.87 to 2.04; short-term debt falls from €166k to €93k.
31-12
Financial
Equity above €100kEq €125k ▲550%
3 profitable years in a row build equity to €125k.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Court-Saint-Etienne · 1 establishment unit since 2019
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.
Avenue de Wisterzée 481490 Court-Saint-EtienneGround area
1,307 m²
Building footprint
227 m²
Parcel 25023H0295/00G006, Wallonia. Linked by address, not a title deed.
1 establishment unit
DELOR tsp
since 20192.294.379.602
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25023H0295/00G006 | Wallonia | 1,307 m² | 1 · 227 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
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 21,162 companies in sector 81300 we hold annual accounts for 4,349. 3,531 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-2019
Fiscal year end31-12
Activities, NACEBEL
81300Landscape service activities
01430Raising of horses and other equines
01500Mixed farming
38210Materials recovery from waste
38321Waste collection, recovery and disposal activities
43120Site preparation
43429Specialised construction activities
68203Renting and operating of own or leased non-residential real estate, excluding land
77320Rental and leasing activities
77394Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.