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DELTA +

Active
Private limited company (pre-2019)founded 198837 yrs activeLuchtvaartsquare 7A, 1070 Anderlecht, BelgiumKBO/BCE: BE 0435.963.530
Summary

The computed 12-month bankruptcy probability of DELTA + is 2.1% (moderate). The 2025 annual accounts show negative equity (-€100,319) and a net result of -€8,943. Equity is shrinking by ~27.6% per year across the filed fiscal years. The company has been active since 1988 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2025
Axes · tick = 2024
Profitability18▼-18
Solvency18▼-1
Growth58=
Track record92
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.41 against 1.42 in 2024; short-term debt: 63.9% and cash: 0% of total assets), and equity is negative.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-6.5%
Return on assets
-0.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€100,319
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
27 d late
2024
29 d late
2023
21 d late
2022
28 d late
2021
80 d late
2020
365 d late
2019
719 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 181 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
UBO non-compliance
Checked, nothing found (1)
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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline

History

On 14 October 1988, DELTA + was incorporated.1 Total assets went from EUR 2.1 million in 2019 to EUR 1.5 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€100,319▼ 9.8%
2024 · -€91,376
Total assets
€1.5m▼ 0.1%
2024 · €1.5m
Net result
-€8,943▼ 26.1%
2024 · -€7,091
Working capital
€404,105▼ 1.6%
2024 · €410,773
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
Line20212022202320242025
Operating result-€19,542▼ 91.7%€14,564-€4,793-€7,074▼ 47.6%-€8,897▼ 25.8%
Net result-€19,662▼ 90.6%-€68,826▼ 250%-€4,994▲ 92.7%-€7,091▼ 42.0%-€8,943▼ 26.1%
Equity-€10,465-€79,291▼ 658%-€84,285▼ 6.3%-€91,376▼ 8.4%-€100,319▼ 9.8%
Total assets€1.8m▼ 12.8%€1.7m▼ 5.4%€1.7m▲ 1.0%€1.5m▼ 11.1%€1.5m▼ 0.1%
Debt€1.8m▼ 12.0%€1.8m▼ 0.1%€1.8m▲ 1.2%€1.6m▼ 10.2%€1.6m▲ 0.5%
Working capital€765,377▲ 44.3%€654,691▼ 14.5%€615,070▼ 6.1%€410,773▼ 33.2%€404,105▼ 1.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€75,000-€50,000-€25,000€0€25,000Operating result 2021: -€19,542-€19,542Net result 2021: -€19,662-€19,662Operating result 2022: €14,564€14,564Net result 2022: -€68,826-€68,826Operating result 2023: -€4,793-€4,793Net result 2023: -€4,994-€4,994Operating result 2024: -€7,074-€7,074Net result 2024: -€7,091-€7,091Operating result 2025: -€8,897-€8,897Net result 2025: -€8,943-€8,94320212022202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€4,793-€4,790Net result 2023: -€4,994-€4,990Operating result 2024: -€7,074-€7,070Net result 2024: -€7,091-€7,090Operating result 2025: -€8,897-€8,900Net result 2025: -€8,943-€8,940202320242025
The operating result stays negative: a loss of €8,897 in 2025 against €7,074 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets €149,052 ▼ 1.4%
Current assets €1.4m ▲ 0.1%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€6,822
Cash flow
-€6,868
Solvency
-6.5%▼
2024 · -6.0%
Current ratio
1.41▼
2024 · 1.42
Quick ratio
1.41▼
2024 · 1.42
Debt to equity
-16.27▲
2024 · -17.78
ROA
-0.6%▼
2024 · -0.5%
Interest coverage
-148.30
Debt ≤ 1 year
€978,590▲
2024 · €970,968
Debt > 1 year
€653,476=
2024 · €653,276
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,242 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a small loss
1.6% went bankrupt
3.8% stopped otherwise
93% still going

A further 1.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,242 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.5m€1.5m▼
Fixed assets21/28€151,127€149,052▼
Tangible fixed assets22/27€5,140€3,065▼
Furniture and vehicles24€5,140€3,065▼
Financial fixed assets28€145,987€145,987=
Current assets29/58€1.4m€1.4m▲
Amounts receivable after more than one year29€1.0m€1.0m=
Other amounts receivable291€1.0m€1.0m=
Stocks and contracts in progress3€3,588€4,457▲
Stocks30/36€3,588€4,457▲
Amounts receivable within one year40/41€368,690€368,690=
Trade receivables40€226,990€226,990=
Other amounts receivable41€141,700€141,700=
Cash at bank and in hand54/58€58€143▲
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.5m▼
Equity10/15-€91,376-€100,319▼
Contributions10/11€1.0m€1.0m=
Reserves13€31,798€31,798=
Non-distributable reserves130/1€31,798€31,798=
Reserves not available under the articles1311€31,798€31,798=
Profit (loss) carried forward14-€1.1m-€1.1m▼
Amounts payable17/49€1.6m€1.6m▲
Amounts payable after more than one year17€653,276€653,476=
Other amounts payable178/9€653,276€653,476=
Amounts payable within one year42/48€970,968€978,590▲
Trade debts44€1,065€1,594▲
Suppliers440/4€1,065€1,594▲
Taxes, remuneration and social security45€53,926€53,926=
Taxes450/3€53,926€53,926=
Other amounts payable47/48€915,977€923,070▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2,075
Other operating charges640/8-€998
Gross operating margin9900-€7,074-€5,824▲
Operating profit (loss)9901-€7,074-€8,897▼
Financial charges65/66B€17€46▲
Recurring financial charges65€17€46▲
Non-recurring financial charges66B€17-
Profit (loss) for the period before taxes9903-€7,091-€8,943▼
Profit (loss) for the period9904-€7,091-€8,943▼
Profit (loss) for the period to be appropriated9905-€7,091-€8,943▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1.1m-€1.1m▼
Profit (loss) brought forward from the previous period14P-€1.1m-€1.1m▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,075---€2,075-
Other operating charges640/8€5,732-€1,457-€998-
Gross operating margin9900-€11,735€14,564-€3,336-€7,074-€5,824▲ 17.7%
Operating profit (loss)9901-€19,542€14,564-€4,793-€7,074-€8,897▼ 25.8%
Financial charges65/66B€120€129€201€17€46▲ 171%
Recurring financial charges65€120€129€201€17€46▲ 171%
Non-recurring financial charges66B€120€129€201€17--
Profit (loss) for the period before taxes9903-€19,662€14,435-€4,994-€7,091-€8,943▼ 26.1%
Income taxes67/77-€83,261----
Profit (loss) for the period9904-€19,662-€68,826-€4,994-€7,091-€8,943▼ 26.1%
Profit (loss) for the period to be appropriated9905-€19,662-€68,826-€4,994-€7,091-€8,943▼ 26.1%
Line20212022202320242025Change
Assets
Total assets20/58€1.8m€1.7m€1.7m€1.5m€1.5m▼ 0.1%
Fixed assets21/28€118,640€115,000€149,627€151,127€149,052▼ 1.4%
Tangible fixed assets22/27€3,640-€3,640€5,140€3,065▼ 40.4%
Furniture and vehicles24€3,640-€3,640€5,140€3,065▼ 40.4%
Financial fixed assets28€115,000€115,000€145,987€145,987€145,987=
Current assets29/58€1.7m€1.6m€1.6m€1.4m€1.4m▲ 0.1%
Amounts receivable after more than one year29€1.2m€1.2m€1.2m€1.0m€1.0m=
Other amounts receivable291€1.2m€1.2m€1.2m€1.0m€1.0m=
Stocks and contracts in progress3€1,749€3,640€1,216€3,588€4,457▲ 24.2%
Stocks30/36€1,749€3,640€1,216€3,588€4,457▲ 24.2%
Amounts receivable within one year40/41€421,733€368,733€368,690€368,690€368,690=
Trade receivables40€279,990€226,990€226,990€226,990€226,990=
Other amounts receivable41€141,743€141,743€141,700€141,700€141,700=
Cash at bank and in hand54/58€5,995-€75€58€143▲ 147%
Deferred charges and accrued income490/1€9,535-----
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.7m€1.7m€1.5m€1.5m▼ 0.1%
Equity10/15-€10,465-€79,291-€84,285-€91,376-€100,319▼ 9.8%
Contributions10/11€1.0m€1.0m€1.0m€1.0m€1.0m=
Reserves13€31,798€31,798€31,798€31,798€31,798=
Non-distributable reserves130/1€31,798€31,798€31,798€31,798€31,798=
Reserves not available under the articles1311€31,798€31,798€31,798€31,798€31,798=
Profit (loss) carried forward14-€1.0m-€1.1m-€1.1m-€1.1m-€1.1m▼ 0.8%
Provisions and deferred taxes16€26,500-----
Provisions for liabilities and charges160/5€26,500-----
Other liabilities and charges164/5€26,500-----
Amounts payable17/49€1.8m€1.8m€1.8m€1.6m€1.6m▲ 0.5%
Amounts payable after more than one year17€867,982€848,982€848,982€653,276€653,476=
Other amounts payable178/9€867,982€848,982€848,982€653,276€653,476=
Amounts payable within one year42/48€921,378€937,762€960,022€970,968€978,590▲ 0.8%
Current portion of amounts payable after more than one year42€18,926-----
Financial debts43-€1----
Credit institutions430/8-€1----
Trade debts44€17,007€11,906€1,565€1,065€1,594▲ 49.7%
Suppliers440/4€17,007€11,906€1,565€1,065€1,594▲ 49.7%
Taxes, remuneration and social security45€16,599€57,009€53,926€53,926€53,926=
Taxes450/3€16,599€57,009€53,926€53,926€53,926=
Other amounts payable47/48€868,846€868,846€904,531€915,977€923,070▲ 0.8%
Line20212022202320242025Change
Profit (loss) for the period9904-€19,662-€68,826-€4,994-€7,091-€8,943▼ 26.1%
+ Depreciation and write-downs630€2,075---€2,075-
Operating cash flow (approximation)-€17,587-€68,826-€4,994-€7,091-€6,868▲ 3.1%
Investment in fixed assets (approximation)-€3,640-€34,627-€1,500€0▲ 100%
Change in cash----€17€85▲ 600%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
21-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
01-03
KBO administration UBO non-compliance
event 22-02-2024
2023
28-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
19-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 80 days late
31-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 365 days late
20-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 719 days late
2019
31-01
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 184 days late
2018
13-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 378 days late
2016
13-10
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 74 days late
SignalNBB filing
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Anderlecht · 1 establishment unit since 1995
seat establishment The establishment unit on the map
Ground area
418 m²
Building footprint
339 m²
Volume, LiDAR
6,993 m³
Parcel 21305B0204/00W032, Brussels · tallest building 26.9 m, ±7 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
B & L INVESTMENT SERVICES
Luchtvaartsquare 7, 1070 AnderlechtNACE 65233
since 19952.041.168.723
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21305B0204/00W032 Brussels 418 m² 1 · 339 m² 26.9 m · 7 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 owner

Chain of control

  1. ZOUTE FINANCE 100%
  2. DELTA +

Highest known parent: ZOUTE FINANCE. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Recognitions · licences · registrations

Legal Entity Identifier

8755006RE1L9ALXU1L48
no longer live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded14-10-1988
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 28 September 2026 · Peppol Directory

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