DELPHARM
ActiveSummary
DELPHARM has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €350,889 and a net result of €34,356. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 28% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+2
Solvency52▲+2
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.13 in 2024; short-term debt: 16.8% and cash: 1.5% of total assets), and 72.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.2%
Return on assets
2.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
21 d early
2024
14 d late
2023
54 d early
2022
68 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by total assets in Amay, Professional and technical services sector#7 company by equity in Amay, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34,356▲ 2.4%
2024 · €33,563
Working capital
-€171,252▼ 21.3%
2024 · -€141,236
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€162,774-€85,653▼ 47.4%€64,747▼ 24.4%€64,080▼ 1.0%
Net result€110,739within the sector's middle half-€153,031within the sector's middle half▲ 38.2%€33,563within the sector's middle half▼ 78.1%€34,356within the sector's middle half▲ 2.4%
Equity€129,939within the sector's middle half-€282,970within the sector's middle half▲ 118%€316,533within the sector's middle half▲ 11.9%€350,889within the sector's middle half▲ 10.9%
Total assets€1.2mwithin the sector's middle half-€1.3mwithin the sector's middle half▲ 8.3%€1.3mwithin the sector's middle half▼ 2.6%€1.3mwithin the sector's middle half▲ 0.6%
Debt€1.1m-€1.0m▼ 4.8%€964,809▼ 6.6%€937,884▼ 2.8%
Working capital-€187,704--€113,045▲ 39.8%-€141,236▼ 24.9%-€171,252▼ 21.3%
Solvency10.7%below the sector's middle half-21.5%within the sector's middle half▲ 10.8pp24.7%within the sector's middle half▲ 3.2pp27.2%within the sector's middle half▲ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 1% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▼ 1.3%
Current assets
€45,379 ▲ 109%
Equity and liabilities €1.3m
Equity
€350,889 ▲ 10.9%
Debt
€937,884 ▼ 2.8%
Debt's share of the balance-sheet total falls from 75.3% to 72.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80,287▼
2024 · €80,954
Cash flow
€50,563▲
2024 · €49,771
Current ratio
0.21▲
2024 · 0.13
Debt to equity
2.67▼
2024 · 3.05
ROE
9.8%▼
2024 · 10.6%
ROA
2.7%▲
2024 · 2.6%
Interest coverage
3.96▲
2024 · 3.70
Debt ≤ 1 year
€216,631▲
2024 · €162,976
Debt > 1 year
€714,202▼
2024 · €793,891
Income taxes
€9,474▲
2024 · €9,301
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,427 | €16,207 | €16,207 | = |
| Other operating charges640/8 | €14 | €170 | €630 | €670 | ▲ 6.3% |
| Gross operating margin9900 | €162,788 | €89,250 | €81,584 | €80,957 | ▼ 0.8% |
| Operating profit (loss)9901 | €162,774 | €85,653 | €64,747 | €64,080 | ▼ 1.0% |
| Financial income75/76B | €10,000 | €100,000 | - | - | - |
| Recurring financial income75 | €10,000 | €100,000 | - | - | - |
| Financial charges65/66B | €33,337 | €18,118 | €21,883 | €20,250 | ▼ 7.5% |
| Recurring financial charges65 | €33,337 | €18,118 | €21,883 | €20,250 | ▼ 7.5% |
| Profit (loss) for the period before taxes9903 | €139,437 | €167,535 | €42,864 | €43,830 | ▲ 2.3% |
| Income taxes67/77 | €28,698 | €14,504 | €9,301 | €9,474 | ▲ 1.9% |
| Profit (loss) for the period9904 | €110,739 | €153,031 | €33,563 | €34,356 | ▲ 2.4% |
| Profit (loss) for the period to be appropriated9905 | €110,739 | €153,031 | €33,563 | €34,356 | ▲ 2.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 0.6% |
| Fixed assets21/28 | €1.2m | €1.3m | €1.3m | €1.2m | ▼ 1.3% |
| Tangible fixed assets22/27 | - | €102,343 | €86,136 | €69,929 | ▼ 18.8% |
| Furniture and vehicles24 | - | €102,343 | €86,136 | €69,929 | ▼ 18.8% |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €41,223 | €40,144 | €21,740 | €45,379 | ▲ 109% |
| Amounts receivable within one year40/41 | - | €1,665 | €1,603 | €18,725 | ▲ 1,068% |
| Trade receivables40 | - | €1,665 | €535 | €18,725 | ▲ 3,403% |
| Other amounts receivable41 | - | - | €1,068 | - | - |
| Cash at bank and in hand54/58 | €40,979 | €26,640 | €9,893 | €19,381 | ▲ 95.9% |
| Deferred charges and accrued income490/1 | €244 | €11,840 | €10,244 | €7,273 | ▼ 29.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 0.6% |
| Equity10/15 | €129,939 | €282,970 | €316,533 | €350,889 | ▲ 10.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | - | - | €330,000 | - |
| Distributable reserves133 | - | - | - | €330,000 | - |
| Profit (loss) carried forward14 | €109,939 | €262,970 | €296,533 | €889 | ▼ 99.7% |
| Amounts payable17/49 | €1.1m | €1.0m | €964,809 | €937,884 | ▼ 2.8% |
| Amounts payable after more than one year17 | €850,833 | €873,579 | €793,891 | €714,202 | ▼ 10.0% |
| Financial debts170/4 | €770,833 | €793,579 | €713,891 | €634,202 | ▼ 11.2% |
| Other amounts payable178/9 | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Amounts payable within one year42/48 | €228,927 | €153,189 | €162,976 | €216,631 | ▲ 32.9% |
| Current portion of amounts payable after more than one year42 | €71,944 | €88,299 | €88,299 | €90,497 | ▲ 2.5% |
| Financial debts43 | - | - | €1,025 | - | - |
| Other loans439 | - | - | €1,025 | - | - |
| Trade debts44 | €2,357 | €4,848 | €1,770 | €17,084 | ▲ 865% |
| Suppliers440/4 | €2,357 | €4,848 | €1,770 | €17,084 | ▲ 865% |
| Taxes, remuneration and social security45 | €30,948 | €45,991 | €25,676 | €13,174 | ▼ 48.7% |
| Taxes450/3 | €30,948 | €45,991 | €25,676 | €13,174 | ▼ 48.7% |
| Other amounts payable47/48 | €123,678 | €14,051 | €46,206 | €95,875 | ▲ 107% |
| Accrued charges and deferred income492/3 | €4,990 | €6,215 | €7,942 | €7,051 | ▼ 11.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €110,739 | €153,031 | €33,563 | €34,356 | ▲ 2.4% |
| + Depreciation and write-downs630 | - | €3,427 | €16,207 | €16,207 | = |
| Operating cash flow (approximation) | €110,739 | €156,458 | €49,771 | €50,563 | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | -€105,770 | €0 | €0 | - |
| Change in cash | - | -€14,339 | -€16,746 | €9,487 | ▲ 157% |
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
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 14 days late
2024
31-12
Financial
Weakest financial yearnet €33,563 ▼78.1%
Net result drops to €33,563, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2022net €153,031 ▲38.2%
Net result €153,031, the highest in the series.
31-12
Financial
Equity above €200,000Eq €282,970 ▲118%
2 profitable years in a row build equity to €282,970.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Amay · 1 establishment unit since 2021
Ground area
769 m²
Building footprint
82 m²
Volume, LiDAR
880 m³
Parcel 61003B0297/00R005, Wallonia · tallest building 12.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Cloche(AMA) 1, 4540 Amay
since 20212.313.983.993
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61003B0297/00R005 | Wallonia | 769 m² | 1 · 81 m² | 12.8 m · 4 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of DELPHARM 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
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 37,231 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
Founded12-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0763567469
Also
9925:BE0763567469
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.