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DELSACO

Active
Public limited companyfounded 198838 yrs activeStoofstraat 37, 1000 Brussel, BelgiumKBO/BCE: BE 0433.141.622
Summary

DELSACO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,606 and a net result of -€14,907. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 93% of 11011 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
DELSACOActiveChecked score 84/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
1 site
Size
€77,058total assets 2025
Equity
€72,606
Loss
-€14,907
Turnover not published (abridged schema)
Financial health
84 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Board
1 member
Accounts 72 d early2 of 6 deeds read
Why 84- 1 change of registered office in 24 months- Loss of €14,907, the second in a row (FY 2025)+ Founded in 1988+ Liquidity: current ratio 2.50, cash €11,150, halvedShow the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Better than 47% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 100+8
equity 94.2% of total assets
Liquidity 68-18
short-term debt 5.8% · cash 14.5%
Profitability 0-7
return on assets -19.3%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,529 companies)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%▲ +5.9% vs 11-2024 01-2025: < 0.1%▲ +22.2% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%● 0.0% vs 02-2025 04-2025: < 0.1%● 0.0% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: < 0.1%● 0.0% vs 05-2025 07-2025: < 0.1%● 0.0% vs 06-2025 08-2025: < 0.1%● 0.0% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: 0.1%▲ +130% vs 11-2025 01-2026: 0.3%▲ +209% vs 12-2025 02-2026: 0.3%● 0.0% vs 01-2026 03-2026: 0.3%● 0.0% vs 02-2026 04-2026: 0.3%● 0.0% vs 03-2026 05-2026: 0.3%● 0.0% vs 04-2026 06-2026: 0.3%● 0.0% vs 05-2026 07-2026: 0.3%▼ -0.6% vs 06-2026 08-2026: 0.3%● 0.0% vs 07-2026 09-2026: 0.3%● 0.0% vs 08-2026 10-2026: 0.3%▲ +7.1% vs 09-2026highest value
  • 1 change of registered office in 24 months raises the probability
  • Loss of €14,907, the second in a row (FY 2025) raises the probability
  • Founded in 1988 lowers the probability for this profile
  • Liquidity: current ratio 2.50, cash €11,150, halved lowers the probability
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.5 against 1.87 in 2024; short-term debt: 5.8% and cash: 14.5% of total assets), and 5.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 91%, liquidity 79%, profitability 4%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Loss of €14,907, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1988
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 2.50, cash €11,150, halved
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€14,907
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-11-2025, 72 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
72 d early
2024
50 d early
2023
on the day
2022
21 d late
2021
24 d late
2020
46 d early
2019
92 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close07-10-2026 today31-01-2027 deadline
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
  1. Resignations: Jan Deldycke, Jan-Baptiste Deldycke and…Appointment: BRUSSELS GIFTS (director)
  2. Registered office · Statutes amendmentRegistered-office move · Capital
  3. Annual accounts filedfiscal year 2025 · abbreviated…

Key points

  • Risk: 5 loss-making years in a rowloss fiscal year 2025 -€14,907 View
  • Caution: Board changedlatest change 15-01-2026 · 1 in office 1 joined · 3 left View
  • Positive: Among the best 7% on solvencysector median 31.3% · 11,011 companies 94.2% View
  • Caution: Equity fell in 2025from €126,813 to €72,606 ▼ 42.7% View

By topic

Financials

Fiscal year
2025
Total assets
€77,058
Loss
-€14,907
Solvency
94.2%
Total assets▼ 59.2%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2016
Next accounts
by 31-01-2027
  1. 15-01-2026Resignations: Jan Deldycke, Jan-Baptiste Deldycke and Ann-Sophie…
  2. 30-12-2025Registered office · Statutes amendment
  3. 20-11-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased residential…NACE 68201
Founded
01-02-1988
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
42
Annual meeting
Last Saturday of November
Purpose
De aan-en verkoop, de verhuur en beheer van roerende en onroerende goederen; Het leveren…
Go to Articles of association

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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

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