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DELOVAN

Active
Limited partnershipfounded 200521 yrs activeVeldeken 11, 9850 Deinze, BelgiumKBO/BCE: BE 0873.412.447
Summary

DELOVAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For DELOVAN, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €1.2m and a net result of €268,449. Equity is growing by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 7140 sector peers (fiscal year 2021). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: At least two filing cycles are missing
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
30-09-2022 close30-04-2023 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 22-04-2022, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
8 d early
2020
8 d early
2019
10 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 April 2005, DELOVAN was incorporated.1 Total assets went from EUR 742,496 in 2018 to EUR 1.4 million in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021

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Financials · fiscal year 2021, micro schema

Equity
€1.2m▲ 29.8%
2020 · €900,096
Net result
€268,449▲ 23.7%
2020 · €217,017
Total assets
€1.4m▲ 21.9%
2020 · €1.1m
Solvency
85.9%▲ 5.3pp
2020 · 80.7%
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021
Operating result€166,230-€288,034▲ 73.3%€336,599▲ 16.9%€394,288▲ 17.1%
Net result€95,651-€183,856▲ 92.2%€217,017▲ 18.0%€268,449▲ 23.7%
Equity€499,222-€683,079▲ 36.8%€900,096▲ 31.8%€1.2m▲ 29.8%
Total assets€742,496-€900,874▲ 21.3%€1.1m▲ 23.9%€1.4m▲ 21.9%
Debt€243,274-€217,795▼ 10.5%€215,665▼ 1.0%€191,099▼ 11.4%
Working capital€371,981-€540,480▲ 45.3%€751,062▲ 39.0%€1.0m▲ 33.4%
Solvency67.2%-75.8%▲ 8.6pp80.7%▲ 4.8pp85.9%▲ 5.3pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100,000€200,000€300,000€400,000Operating result 2018: €166,230€166,230Net result 2018: €95,651€95,651Operating result 2019: €288,034€288,034Net result 2019: €183,856€183,856Operating result 2020: €336,599€336,599Net result 2020: €217,017€217,017Operating result 2021: €394,288€394,288Net result 2021: €268,449€268,4492018201920202021€0€100,000€200,000€300,000€400,000Operating result 2019: €288,034€288,000Net result 2019: €183,856€184,000Operating result 2020: €336,599€337,000Net result 2020: €217,017€217,000Operating result 2021: €394,288€394,000Net result 2021: €268,449€268,000201920202021
The operating result has risen three years in a row; 2021 is 17% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.4m
Fixed assets €304,368 ▲ 1.4%
Current assets €1.1m ▲ 29.4%
Equity and liabilities €1.4m
Equity €1.2m ▲ 29.8%
Debt €191,099 ▼ 11.4%
Debt's share of the balance-sheet total falls from 19.3% to 14.1%. Equity is higher and debt is lower.
Key figures and ratios
2021 value · change against 2020
ROE
23.0%▼
2020 · 24.1%
ROA
19.7%▲
2020 · 19.5%
Debt ≤ 1 year
€53,049▼
2020 · €64,580
Debt > 1 year
€137,401▼
2020 · €149,998
Income taxes
€125,336▲
2020 · €117,176
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 46 lines
Balance sheet Code20202021
Assets
Total assets20/58€1.1m€1.4m▲
Fixed assets21/28€300,120€304,368▲
Tangible fixed assets22/27€296,320€300,568▲
Land and buildings22-€280,269
Furniture and vehicles24-€20,299
Financial fixed assets28€3,800€3,800=
Current assets29/58€815,641€1.1m▲
Amounts receivable after more than one year29-€100,000
Other amounts receivable291-€100,000
Amounts receivable within one year40/41€40,142€45,511▲
Other amounts receivable41-€45,511
Cash at bank and in hand54/58€652,448€861,754▲
Deferred charges and accrued income490/1-€48,011
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.4m▲
Equity10/15€900,096€1.2m▲
Contributions10/11-€10,000
Reserves13€890,096€1.2m▲
Non-distributable reserves130/1-€1,855
Reserves not available under the articles1311-€1,855
Tax-exempt reserves132-€18,750
Distributable reserves133-€1.1m
Amounts payable17/49€215,665€191,099▼
Amounts payable after more than one year17€149,998€137,401▼
Financial debts170/4-€137,401
Amounts payable within one year42/48€64,580€53,049▼
Current portion of amounts payable after more than one year42-€12,597
Trade debts44€27€42▲
Suppliers440/4-€42
Taxes, remuneration and social security45-€40,410
Taxes450/3-€40,410
Accrued charges and deferred income492/3-€649
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,536€16,095▲
Other operating charges640/8-€2,947
Gross operating margin9900€350,301€413,330▲
Operating profit (loss)9901€336,599€394,288▲
Financial income75/76B-€2,950
Recurring financial income75€1,038€2,950▲
Financial charges65/66B-€3,454
Recurring financial charges65€3,444€3,454▲
Profit (loss) for the period before taxes9903€334,193€393,785▲
Income taxes67/77€117,176€125,336▲
Profit (loss) for the period9904€217,017€268,449▲
Profit (loss) for the period to be appropriated9905€217,017€268,449▲
Appropriation of the result
Profit (loss) to be appropriated9906-€268,449
Transfer to equity691/2-€268,449
To other reserves6921-€268,449

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,058€10,208€10,536€16,095▲ 52.8%
Other operating charges640/8---€2,947-
Gross operating margin9900€180,355€302,577€350,301€413,330▲ 18.0%
Operating profit (loss)9901€166,230€288,034€336,599€394,288▲ 17.1%
Financial income75/76B---€2,950-
Recurring financial income75€396-€1,038€2,950▲ 184%
Financial charges65/66B---€3,454-
Recurring financial charges65€4,826€5,711€3,444€3,454▲ 0.3%
Profit (loss) for the period before taxes9903€161,800€282,323€334,193€393,785▲ 17.8%
Income taxes67/77€66,149€98,466€117,176€125,336▲ 7.0%
Profit (loss) for the period9904€95,651€183,856€217,017€268,449▲ 23.7%
Profit (loss) for the period to be appropriated9905€95,651€183,856€217,017€268,449▲ 23.7%
Line2018201920202021Change
Assets
Total assets20/58€742,496€900,874€1.1m€1.4m▲ 21.9%
Fixed assets21/28€301,731€304,958€300,120€304,368▲ 1.4%
Tangible fixed assets22/27€297,931€301,158€296,320€300,568▲ 1.4%
Land and buildings22---€280,269-
Furniture and vehicles24---€20,299-
Financial fixed assets28€3,800€3,800€3,800€3,800=
Current assets29/58€440,765€595,916€815,641€1.1m▲ 29.4%
Amounts receivable after more than one year29---€100,000-
Other amounts receivable291---€100,000-
Amounts receivable within one year40/41€54,683€164,489€40,142€45,511▲ 13.4%
Other amounts receivable41---€45,511-
Cash at bank and in hand54/58€384,684€306,389€652,448€861,754▲ 32.1%
Deferred charges and accrued income490/1---€48,011-
Equity and liabilities
Total equity and liabilities10/49€742,496€900,874€1.1m€1.4m▲ 21.9%
Equity10/15€499,222€683,079€900,096€1.2m▲ 29.8%
Contributions10/11€10,000€10,000-€10,000-
Reserves13€489,222€673,079€890,096€1.2m▲ 30.2%
Non-distributable reserves130/1---€1,855-
Reserves not available under the articles1311---€1,855-
Tax-exempt reserves132---€18,750-
Distributable reserves133---€1.1m-
Amounts payable17/49€243,274€217,795€215,665€191,099▼ 11.4%
Amounts payable after more than one year17€174,490€162,359€149,998€137,401▼ 8.4%
Financial debts170/4---€137,401-
Amounts payable within one year42/48€68,784€55,436€64,580€53,049▼ 17.9%
Current portion of amounts payable after more than one year42---€12,597-
Trade debts44€531€512€27€42▲ 57.5%
Suppliers440/4---€42-
Taxes, remuneration and social security45---€40,410-
Taxes450/3---€40,410-
Accrued charges and deferred income492/3---€649-
Line2018201920202021Change
Profit (loss) for the period9904€95,651€183,856€217,017€268,449▲ 23.7%
+ Depreciation and write-downs630€11,058€10,208€10,536€16,095▲ 52.8%
Operating cash flow (approximation)€106,709€194,064€227,553€284,544▲ 25.0%
Investment in fixed assets (approximation)--€13,435-€5,698-€20,343▼ 257%
Change in cash--€78,295€346,059€209,306▼ 39.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2022
22-04
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial Highest result since 2018net €268,449 ▲23.7%
Operating result €394,288, net result €268,449, both a record.
30-09
Financial Equity above €1mEq €1.2m ▲29.8%
4 profitable years in a row build equity to €1.2m.
22-04
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
20-04
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial Equity above €500,000Eq €683,079 ▲36.8%
2 profitable years in a row build equity to €683,079.
08-04
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-03
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-03
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
26-04
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
5 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, Deinze · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
862 m²
Building footprint
177 m²
Volume, LiDAR
936 m³
Parcel 44049E0170/00D000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
DELOVAN
Veldeken 11, 9850 DeinzeNACE 6522201
since 20052.146.961.277
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44049E0170/00D000 Flanders 862 m² 1 · 177 m² 7.5 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.

Recognitions · licences · registrations

Legal Entity Identifier

894500AW6786WBXG2232
live in the LEI register

Similar companies · same sector, comparable size

Of 93 companies in sector 64922 we hold annual accounts for 75. 38 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formLimited partnership
Founded08-04-2005
Fiscal year end30-09
Activities, NACEBEL 2025
64922Financial service activities, except insurance and pension funding
82990Other business support services
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0873412447
Also 9925:BE0873412447
Registered 04-09-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.