Debts
€132,628 92% of the balance sheet
Financial debts 7%Suppliers 44%Taxes and wages 4%Other 45%
Of this, €123,447 falls due within a year.
Delrue Concept
Lifetime
1 annual account with figurespeak €48,967 (2025)
€48,967
peak €9,551 (2025)
€9,551
peak €12,051 (2025)
€12,051
€132,628
Board1 name since 2024
1 directorDELRUE,Cédric Ghislain
Documentsfilings and deeds
18-06-202643 days before the deadline
2025micro format
Boekjaar 19-12First year with figures
Key points
from the 2025 annual accountsAt the same address
119 companies
Position in the sector
8.3%
Lower solvency than 82% of companies in construction of buildings. Sector median 42.9% · 9,462 companies.
Checked score
36
Weak
Financially stronger than 26% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 4.1%lowest value
09-2025: 4.2%▲ +0.1 percentage points vs 08-2025
10-2025: 4.3%▲ +0.1 percentage points vs 09-2025
11-2025: 4.8%▲ +0.5 percentage points vs 10-2025
12-2025: 4.8%● unchanged vs 11-2025
01-2026: 5.2%▲ +0.4 percentage points vs 12-2025
02-2026: 5.7%▲ +0.5 percentage points vs 01-2026
03-2026: 5.7%● unchanged vs 02-2026
04-2026: 5.5%▼ -0.2 percentage points vs 03-2026
05-2026: 5.5%● unchanged vs 04-2026
06-2026: 5.9%▲ +0.4 percentage points vs 05-2026highest value
07-2026: 5.2%▼ -0.7 percentage points vs 06-2026
08-2026: 5.3%▲ +0.1 percentage points vs 07-2026
09-2026: 5.3%● unchanged vs 08-2026
10-2026: 5.3%● unchanged vs 09-2026
11-2026: 5.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €144,679
Liquidity: current ratio 0.70, cash €2,139
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 17% of them on solvency, 6% on liquidity and 56% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,157 companies had the same profile as Delrue Concept has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
2.8%
stopped another way
3.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Delrue Concept itself is higher: 5.3% within 12 months. It rests on far more data about Delrue Concept than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,157 companies, not a prediction for Delrue Concept. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Liquidity is insufficient, with a current ratio of 0.7, below 1. Short-term debt is 85.3% and cash 1.5% of total assets. 91.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9462 sector peers (2025).
NBB · sector comparisonPosition among 9462 sector peers
Solvency
better than 17%
← weakest
strongest →
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 18-06-2026, 43 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
43 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011541140
Boekjaar
General meeting of 27-12-2024 · Gazette deed
Incorporation
Founding capital of €2,500, 250 shares · Founder: DELRUE, Cédric Ghislain · Appointment: DELRUE, Cédric Ghislain (director) · published on 17-07-2024 · Gazette deed
2 establishments registered
Zaventem and Morlanwelz
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Delrue Concept Zaventem | €144,679 | €48,967 | 8.3% | - |
| Bouwbedrijf Fets Kortenaken | €141,025 | €46,172 | 28.6% | - |
| C.G. House Kraainem | €130,357 | €47,651 | 30.3% | - |
| Geo Bouw Oud-Heverlee | €157,903 | €47,249 | 23.3% | - |
| AK RENOVISO Wezembeek-Oppem | €145,461 | €51,561 | 60.0% | - |
| SBC CONSTRUCT Overijse | €148,182 | €57,431 | 40.5% | - |
| ATOM GLOBAL COMPANY Zaventem | €148,548 | €39,235 | 16.2% | - |
These companies have the same main activity as Delrue Concept: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €130,000 and €158,000, founded in 2024.
Official details
Source: KBO- Status
- Active since 14-07-2024Normal situation
- Registered office
- 120 active companies are registered at this address21 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- General construction of residential buildingsNACE 41001and 4 others
- Establishment units
- 2.362.266.6351930 Zaventem, since 14-07-2024
- 2.362.266.7347140 Morlanwelz, since 14-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 27-12-2025
Annual accounts 2025
- ≈ €340,000estimated
- €144,679
- ≈ 0.2 FTEestimated
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on Delrue Concept
The computed 12-month bankruptcy probability of Delrue Concept is 5.3% (elevated). The 2025 annual accounts show equity of €12,051 and a net result of €9,551.
Its solvency ranks better than 17% of 9,462 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Delrue Concept
- What is the company number of Delrue Concept?
- The company number of Delrue Concept is 1011.541.140. The VAT number is the same number with BE in front: BE 1011.541.140.
- Where is Delrue Concept based?
- The registered office is at Excelsiorlaan 10, 1930 Zaventem.Company details
- What does Delrue Concept do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Delrue Concept?
- Delrue Concept is a private limited company (BV).
- When was Delrue Concept founded?
- Delrue Concept was founded on 14-07-2024.
- Is Delrue Concept still active?
- Yes, Delrue Concept is an active enterprise in the KBO register.
- What is the turnover of Delrue Concept?
- The turnover in financial year 2025 is ≈ €340,000. This figure is estimated from the gross margin of €48,967 and 164 comparable companies (NACE 41001). It probably lies between €190,000 and €610,000.Financials
- Is Delrue Concept profitable?
- In financial year 2025, Delrue Concept made a profit of €9,551.
- Where can I find the annual accounts of Delrue Concept?
- Delrue Concept filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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