DELSON
ActiveSummary
DELSON has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €193k and a net result of €33k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 75% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+8
Solvency94▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 3.59 against 3.22 in 2023; short-term debt: 11.9% and cash: 29.9% of total assets), and 30.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
48 d early
2022
62 d early
2021
37 d early
2020
53 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€193k▲ 9.8%
2023 · €175k
Total assets
€279k▲ 6.0%
2023 · €263k
Net result
€33k▲ 120%
2023 · €15k
Working capital
€86k▲ 27.5%
2023 · €67k
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
Line20202021202220232024
Operating result€327▼ 96.8%€10k▲ 3,038%€21k▲ 101%€23k▲ 12.8%€46k▲ 99.6%
Net result€-9k€6k€13k▲ 124%€15k▲ 14.8%€33k▲ 120%
Equity€163k▼ 5.2%€169k▲ 3.6%€182k▲ 7.8%€175k▼ 3.5%€193k▲ 9.8%
Total assets€262k▲ 37.8%€249k▼ 5.1%€268k▲ 7.9%€263k▼ 2.0%€279k▲ 6.0%
Debt€99k▲ 438%€80k▼ 19.3%€87k▲ 8.0%€88k▲ 1.1%€86k▼ 1.6%
Working capital€99k▼ 36.5%€106k▲ 7.5%€123k▲ 16.1%€67k▼ 45.5%€86k▲ 27.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 100% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €279k
Fixed assets
€160k ▼ 3.3%
Current assets
€119k ▲ 21.8%
Equity and liabilities €279k
Equity
€193k ▲ 9.8%
Debt
€86k ▼ 1.6%
Debt's share of the balance-sheet total falls from 33.3% to 30.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2023 · €31k
Cash flow
€42k▲
2023 · €23k
Current ratio
3.59▲
2023 · 3.22
Quick ratio
3.03▲
2023 · 2.67
Debt to equity
0.45▼
2023 · 0.50
ROE
17.3%▲
2023 · 8.6%
ROA
11.9%▲
2023 · 5.8%
Interest coverage
38.75▲
2023 · 20.92
Debt ≤ 1 year
€33k▲
2023 · €30k
Debt > 1 year
€53k▼
2023 · €57k
Income taxes
€12k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €10k | €10k | €8k | €9k | ▲ 5.8% |
| Other operating charges640/8 | - | €509 | €520 | €614 | €760 | ▲ 23.9% |
| Gross operating margin9900 | €21k | €21k | €31k | €32k | €56k | ▲ 74.5% |
| Operating profit (loss)9901 | €327 | €10k | €21k | €23k | €46k | ▲ 99.6% |
| Financial income75/76B | - | €18 | €0 | €173 | €309 | ▲ 78.6% |
| Recurring financial income75 | €149 | €18 | €0 | €173 | €309 | ▲ 78.6% |
| Financial charges65/66B | - | €2k | €1k | €1k | €1k | ▼ 5.2% |
| Recurring financial charges65 | €1k | €2k | €1k | €1k | €1k | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €-600 | €9k | €19k | €22k | €45k | ▲ 107% |
| Income taxes67/77 | €8k | €3k | €6k | €7k | €12k | ▲ 77.2% |
| Profit (loss) for the period9904 | €-9k | €6k | €13k | €15k | €33k | ▲ 120% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €38k | €6k | €13k | €15k | €33k | ▲ 120% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262k | €249k | €268k | €263k | €279k | ▲ 6.0% |
| Fixed assets21/28 | €139k | €130k | €122k | €165k | €160k | ▼ 3.3% |
| Tangible fixed assets22/27 | €139k | €130k | €121k | €165k | €160k | ▼ 3.3% |
| Land and buildings22 | - | €120k | €119k | €165k | €158k | ▼ 4.1% |
| Plant, machinery and equipment23 | - | €4k | €2k | €477 | €34 | ▼ 92.9% |
| Furniture and vehicles24 | - | €7k | €953 | €35 | €2k | ▲ 5,055% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €123k | €118k | €147k | €98k | €119k | ▲ 21.8% |
| Stocks and contracts in progress3 | €12k | €13k | €15k | €17k | €19k | ▲ 11.1% |
| Stocks30/36 | - | €13k | €15k | €17k | €19k | ▲ 11.1% |
| Amounts receivable within one year40/41 | €35k | €22k | €32k | €26k | €16k | ▼ 38.4% |
| Trade receivables40 | - | €19k | €28k | €24k | €12k | ▼ 50.7% |
| Other amounts receivable41 | - | €3k | €4k | €2k | €4k | ▲ 90.7% |
| Cash at bank and in hand54/58 | €75k | €83k | €99k | €54k | €83k | ▲ 54.8% |
| Deferred charges and accrued income490/1 | - | €507 | €983 | €623 | €638 | ▲ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262k | €249k | €268k | €263k | €279k | ▲ 6.0% |
| Equity10/15 | €163k | €169k | €182k | €175k | €193k | ▲ 9.8% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €120k | €126k | €139k | €133k | €150k | ▲ 13.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | - | €18k | €18k | €18k | €18k | = |
| Distributable reserves133 | - | €107k | €120k | €115k | €133k | ▲ 15.0% |
| Profit (loss) carried forward14 | €36k | €36k | €36k | €36k | €36k | = |
| Amounts payable17/49 | €99k | €80k | €87k | €88k | €86k | ▼ 1.6% |
| Amounts payable after more than one year17 | €73k | €68k | €63k | €57k | €53k | ▼ 7.4% |
| Financial debts170/4 | - | €68k | €63k | €57k | €53k | ▼ 7.4% |
| Amounts payable within one year42/48 | €24k | €12k | €23k | €30k | €33k | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | - | €5k | €5k | €6k | €5k | ▼ 12.9% |
| Trade debts44 | €3k | €3k | €15k | €6k | €4k | ▼ 33.4% |
| Suppliers440/4 | - | €3k | €15k | €6k | €4k | ▼ 33.4% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €4k | €3k | €7k | €7k | ▼ 0.2% |
| Taxes450/3 | - | €4k | €3k | €7k | €7k | ▼ 0.2% |
| Other amounts payable47/48 | - | €349 | €477 | €12k | €17k | ▲ 46.7% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €6k | €13k | €15k | €33k | ▲ 120% |
| + Depreciation and write-downs630 | €20k | €10k | €10k | €8k | €9k | ▲ 5.8% |
| Operating cash flow (approximation) | €11k | €16k | €23k | €23k | €42k | ▲ 80.2% |
| Investment in fixed assets (approximation) | - | €-1k | €-940 | €-52k | €-3k | ▲ 94.2% |
| Change in cash | - | €8k | €16k | €-45k | €30k | ▲ 166% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €33k ▲120%
Operating result €46k, net result €33k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kuurne · 1 establishment unit since 2008
Ground area
381 m²
Building footprint
89 m²
Volume, LiDAR
487 m³
Parcel 34023B0843/00S003, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DELSON
since 20082.174.779.590
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023B0843/00S003 | Flanders | 381 m² | 1 · 89 m² | 7.8 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.
Similar companies · same sector, comparable size
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MANOLEK
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T.C. ELECTRICITE & CONSTRUCTION
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,322 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
Founded29-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
27900Manufacture of electrical equipment
47540Retail sale of electrical household appliances
Scores and ratios are computed by Checked and are not a credit decision.