Delta BE
ActiveSummary
Delta BE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.3m and a net result of €2.3m. Equity is growing by ~490% per year across the filed fiscal years. Its solvency ranks better than 81% of 214 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency98▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340,000 at 30 days acceptable
Liquidity ample (current ratio 3.96 against 3.18 in 2023; short-term debt: 24.2% and cash: 8% of total assets), and 27% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73%
Return on assets
38.6%
Age of the figures
21 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 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 d early
2024
15 d early
2023
61 d late
2022
31 d early
2021
32 d early
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% 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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#6 company by equity in Limburg, Other manufacturing sector#7 company by total assets in Limburg, Other manufacturing sector
Equity
€4.3m▲ 25.0%
2023 · €3.4m
Total assets
€5.9m▲ 18.3%
2023 · €5.0m
Net result
€2.3m▼ 7.6%
2023 · €2.5m
Working capital
€4.2m▲ 26.0%
2023 · €3.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 32, Other manufacturing, 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
Line20202021202220232024
Operating result-€15,894-€104,669€1.2m▲ 1,034%€3.3m▲ 177%€3.2m▼ 1.7%
Net result-€15,955below the sector's middle half-€88,243above the sector's middle half€887,162above the sector's middle half▲ 905%€2.5mabove the sector's middle half▲ 177%€2.3mabove the sector's middle half▼ 7.6%
Equity€4,045below the sector's middle half-€92,288within the sector's middle half▲ 2,181%€979,450within the sector's middle half▲ 961%€3.4mabove the sector's middle half▲ 251%€4.3mabove the sector's middle half▲ 25.0%
Total assets€26,505below the sector's middle half-€289,925within the sector's middle half▲ 994%€1.8mwithin the sector's middle half▲ 522%€5.0mabove the sector's middle half▲ 175%€5.9mabove the sector's middle half▲ 18.3%
Debt€22,460-€197,637▲ 780%€825,203▲ 318%€1.5m▲ 85.8%€1.6m▲ 3.5%
Working capital-€10,946below the sector's middle half-€76,311within the sector's middle half€961,563above the sector's middle half▲ 1,160%€3.3mabove the sector's middle half▲ 247%€4.2mabove the sector's middle half▲ 26.0%
Solvency15.3%within the sector's middle half-31.8%within the sector's middle half▲ 16.6pp54.3%within the sector's middle half▲ 22.4pp69.1%above the sector's middle half▲ 14.9pp73.0%above the sector's middle half▲ 3.9pp
Current ratio0.51below the sector's middle half-1.39within the sector's middle half▲ 0.872.17within the sector's middle half▲ 0.783.18above the sector's middle half▲ 1.013.96above the sector's middle half▲ 0.78
Return on assets (ROA)-60.2%below the sector's middle half-30.4%above the sector's middle half▲ 90.6pp49.2%above the sector's middle half▲ 18.7pp49.4%above the sector's middle half▲ 0.3pp38.6%above the sector's middle half▼ 10.8pp
Staff (FTE)1.8below the sector's middle half2.2within the sector's middle half▲ 22.2%4.3within the sector's middle half▲ 95.5%
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result +905% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.9m
Fixed assets
€247,677 ▲ 164%
Current assets
€5.6m ▲ 15.5%
Equity and liabilities €5.9m
Equity
€4.3m ▲ 25.0%
Debt
€1.6m ▲ 3.5%
Debt's share of the balance-sheet total falls from 30.9% to 27.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.2m▼
2023 · €3.3m
Cash flow
€2.3m▼
2023 · €2.5m
Quick ratio
3.93▲
2023 · 3.17
Debt to equity
0.37▼
2023 · 0.45
ROE
52.9%▼
2023 · 71.5%
Interest coverage
2747.20▲
2023 · 613.93
Debt ≤ 1 year
€1.4m▼
2023 · €1.5m
Income taxes
€1.0m▲
2023 · €836,343
Staff costs
€226,225▲
2023 · €81,139
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €118,508 | €81,139 | €226,225 | ▲ 179% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €739 | €3,481 | €5,515 | €12,382 | €17,544 | ▲ 41.7% |
| Other operating charges640/8 | - | €75 | €702 | €1,250 | €223,127 | ▲ 17,750% |
| Non-recurring operating charges66A | - | - | - | - | €3,177 | - |
| Gross operating margin9900 | -€15,105 | €108,225 | €1.3m | €3.4m | €3.7m | ▲ 9.5% |
| Operating profit (loss)9901 | -€15,894 | €104,669 | €1.2m | €3.3m | €3.2m | ▼ 1.7% |
| Financial income75/76B | - | €0 | €252 | €13,330 | €62,516 | ▲ 369% |
| Recurring financial income75 | €0 | €0 | €252 | €13,330 | €62,516 | ▲ 369% |
| Financial charges65/66B | - | -€591 | €1,872 | €5,368 | €1,181 | ▼ 78.0% |
| Recurring financial charges65 | €61 | -€591 | €1,872 | €5,368 | €1,181 | ▼ 78.0% |
| Profit (loss) for the period before taxes9903 | -€15,955 | €105,260 | €1.2m | €3.3m | €3.3m | ▼ 0.1% |
| Income taxes67/77 | - | €17,017 | €298,638 | €836,343 | €1.0m | ▲ 22.0% |
| Profit (loss) for the period9904 | -€15,955 | €88,243 | €887,162 | €2.5m | €2.3m | ▼ 7.6% |
| Profit (loss) for the period to be appropriated9905 | -€15,955 | €88,243 | €887,162 | €2.5m | €2.3m | ▼ 7.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,505 | €289,925 | €1.8m | €5.0m | €5.9m | ▲ 18.3% |
| Formation expenses20 | €2,182 | €1,692 | €1,202 | €712 | €222 | ▼ 68.9% |
| Fixed assets21/28 | €12,809 | €14,285 | €17,535 | €93,834 | €247,677 | ▲ 164% |
| Intangible fixed assets21 | €6,131 | €4,883 | €3,635 | €2,387 | €1,137 | ▼ 52.4% |
| Tangible fixed assets22/27 | €6,679 | €9,402 | €13,900 | €91,447 | €246,539 | ▲ 170% |
| Furniture and vehicles24 | - | €6,393 | €11,669 | €88,821 | €96,539 | ▲ 8.7% |
| Leasing and similar rights25 | - | €3,010 | €2,231 | €2,626 | - | - |
| Other tangible fixed assets26 | - | - | - | - | €150,000 | - |
| Financial fixed assets28 | - | - | - | - | €1 | - |
| Current assets29/58 | €11,514 | €273,948 | €1.8m | €4.9m | €5.6m | ▲ 15.5% |
| Stocks and contracts in progress3 | - | - | €8,939 | €11,256 | €39,555 | ▲ 251% |
| Stocks30/36 | - | - | €8,939 | €11,256 | €39,555 | ▲ 251% |
| Amounts receivable within one year40/41 | €8,036 | €116,621 | €858,286 | €2.0m | €3.1m | ▲ 55.7% |
| Trade receivables40 | - | €89,461 | €262,137 | €898,633 | €1.1m | ▲ 25.7% |
| Other amounts receivable41 | - | €27,160 | €596,149 | €1.1m | €2.0m | ▲ 80.6% |
| Cash at bank and in hand54/58 | €2,978 | €157,327 | €916,814 | €2.9m | €471,906 | ▼ 83.6% |
| Deferred charges and accrued income490/1 | - | - | €1,878 | €1,804 | €2.0m | ▲ 112,616% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,505 | €289,925 | €1.8m | €5.0m | €5.9m | ▲ 18.3% |
| Equity10/15 | €4,045 | €92,288 | €979,450 | €3.4m | €4.3m | ▲ 25.0% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | €72,288 | €959,450 | €3.4m | €4.3m | ▲ 25.1% |
| Distributable reserves133 | - | €72,288 | €959,450 | €3.4m | €4.3m | ▲ 25.1% |
| Profit (loss) carried forward14 | -€15,955 | - | - | - | - | - |
| Amounts payable17/49 | €22,460 | €197,637 | €825,203 | €1.5m | €1.6m | ▲ 3.5% |
| Amounts payable within one year42/48 | €22,460 | €197,637 | €824,354 | €1.5m | €1.4m | ▼ 7.3% |
| Trade debts44 | €9,716 | €154,086 | €487,188 | €1.5m | €646,369 | ▼ 57.2% |
| Suppliers440/4 | - | €154,086 | €487,188 | €1.5m | €646,369 | ▼ 57.2% |
| Taxes, remuneration and social security45 | - | €17,017 | €337,161 | €6,696 | €260,251 | ▲ 3,786% |
| Taxes450/3 | - | €17,017 | €320,833 | €570 | €218,280 | ▲ 38,187% |
| Remuneration and social security454/9 | - | - | €16,328 | €6,126 | €41,971 | ▲ 585% |
| Other amounts payable47/48 | - | €26,533 | €4 | €15,105 | €515,006 | ▲ 3,309% |
| Accrued charges and deferred income492/3 | - | - | €849 | - | €165,496 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,955 | €88,243 | €887,162 | €2.5m | €2.3m | ▼ 7.6% |
| + Depreciation and write-downs630 | €739 | €3,481 | €5,515 | €12,382 | €17,544 | ▲ 41.7% |
| Operating cash flow (approximation) | -€15,216 | €91,724 | €892,677 | €2.5m | €2.3m | ▼ 7.3% |
| Investment in fixed assets (approximation) | - | -€4,957 | -€8,764 | -€88,681 | -€171,387 | ▼ 93.3% |
| Change in cash | - | €154,349 | €759,487 | €2.0m | -€2.4m | ▼ 223% |
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
21-09
State Gazette act
Founder · Legal form clause
Name clause · Registered office clause
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Highest result since 2020net €2.5m ▲177%
Operating result €3.3m, net result €2.5m, both a record.
31-12
Financial
Equity above €2mEq €3.4m ▲251%
3 profitable years in a row build equity to €3.4m.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €979,450 ▲961%
2 profitable years in a row build equity to €979,450.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €88,243
Net result €88,243 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.39
Current ratio from 0.51 to 1.39.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Bilzen-Hoeselt · 1 establishment unit since 2020
Ground area
1.7 ha
Building footprint
3,886 m²
Volume, LiDAR
33,032 m³
Parcel 73006H0750/00N000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Delta Pharma
since 20202.303.102.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006H0750/00N000 | Flanders | 1.7 ha | 1 · 3,886 m² | 10.8 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 40,578 EUR awarded · 40,578 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,253 EUR | 4,253 EUR |
| 2024 | 1 | 7,500 EUR | 7,500 EUR |
| 2023 | 1 | 0 EUR | 12,500 EUR |
| 2022 | 3 | 28,825 EUR | 16,325 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
6488MS44O7N58F4FY043
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Of 1,248 companies in sector 32500 we hold annual accounts for 694. 206 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
Founded28-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
32500Manufacture of medical and dental instruments and supplies
46460Wholesale of pharmaceutical and medical goods
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747691638
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.