DELTA PRODUCT
ActiveDELTA PRODUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-114k) and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+71
Solvency9▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.76 in 2024; short-term debt: 110.9% and cash: 0.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
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 2025Solvency, return and age of the figures
Solvency
-16%
Return on assets
1.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 7750 sector peers (2025).
NBB · sector comparisonPosition among 7750 sector peers
Solvency
better than 10%
← 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
24 d late
2023
on the day
2022
30 d late
2021
26 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-114k▲ 8.1%
2024 · €-124k
2018: €-13k
2019: €-55k
2020: €-81k
2021: €20k
2022: €52k
2023: €57k
2024: €-124k
2018 → 2025
Total assets
€711k▼ 11.3%
2024 · €802k
2018: €477k
2019: €346k
2020: €292k
2021: €889k
2022: €959k
2023: €1.00M
2024: €802k
2018 → 2025
Net result
€10k
2024 · €-180k
2018: €-31k
2019: €-42k
2020: €-26k
2021: €101k
2022: €32k
2023: €5k
2024: €-180k
2018 → 2025
Working capital
€-196k▲ 8.8%
2024 · €-214k
2018: €-104k
2019: €-211k
2020: €-233k
2021: €-119k
2022: €-46k
2023: €-35k
2024: €-214k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€52k▲ 166%€57k▲ 9.1%€-124k€-114k▲ 8.1%
Operating result€107k-€34k▼ 68.0%€10k▼ 71.0%€-168k€14k
Net result€101k-€32k▼ 67.8%€5k▼ 85.3%€-180k€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14k after a loss of €168k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €711k
Fixed assets
€118k▼ 15.9%
Current assets
€593k▼ 10.4%
Key figures and ratios
EBITDA
€50k▲
2024 · €-135k
Cash flow
€46k▲
2024 · €-148k
Solvency
-16.0%▼
2024 · -15.4%
Current ratio
0.75▼
2024 · 0.76
Quick ratio
0.18▲
2024 · 0.13
Debt / equity
-7.26▲
2024 · -7.49
ROA
1.4%▲
2024 · -22.5%
Interest coverage
12.84▲
2024 · -10.64
Debt
€825k▼
2024 · €925k
Debt ≤ 1 year
€789k▼
2024 · €876k
Debt > 1 year
€36k▼
2024 · €50k
Staff costs
€147k▲
2024 · €136k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€802k€711k▼
Fixed assets21/28€140k€118k▼
Tangible fixed assets22/27€130k€107k▼
Plant, machinery and equipment23€64k€53k▼
Furniture and vehicles24€26k€24k▼
Other tangible fixed assets26€39k€30k▼
Financial fixed assets28€11k€11k=
Current assets29/58€661k€593k▼
Stocks and contracts in progress3€544k€453k▼
Stocks30/36€544k€453k▼
Amounts receivable within one year40/41€97k€131k▲
Trade receivables40€28k€70k▲
Other amounts receivable41€69k€61k▼
Cash at bank and in hand54/58€17k€5k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€802k€711k▼
Equity10/15€-124k€-114k▲
Contributions10/11€89k€89k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-214k€-204k▲
Amounts payable17/49€925k€825k▼
Amounts payable after more than one year17€50k€36k▼
Financial debts170/4€50k€36k▼
Amounts payable within one year42/48€876k€789k▼
Current portion of amounts payable after more than one year42€18k€20k▲
Trade debts44€262k€184k▼
Suppliers440/4€262k€184k▼
Taxes, remuneration and social security45€18k€18k▼
Taxes450/3€3k-
Remuneration and social security454/9€15k€18k▲
Other amounts payable47/48€578k€566k▼
Income statement
Code20242025
Non-recurring operating income76A-€23k
Remuneration, social security and pensions62€136k€147k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€36k▲
Other operating charges640/8€1k€959▼
Non-recurring operating charges66A€182k-
Gross operating margin9900€185k€198k▲
Operating profit (loss)9901€-168k€14k▲
Financial income75/76B€14€242▲
Recurring financial income75€14€242▲
Financial charges65/66B€13k€4k▼
Recurring financial charges65€13k€4k▼
Profit (loss) for the period before taxes9903€-180k€10k▲
Income taxes67/77€128-
Profit (loss) for the period9904€-180k€10k▲
Profit (loss) for the period to be appropriated9905€-180k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-214k€-204k▲
Profit (loss) brought forward from the previous period14P€-34k€-214k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
31-12
Financial
Weakest financial yearnet €-180k ▼3889%
Net result drops to €-180k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €101k
Net result €101k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Saint-Ghislain · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Paradis(B) 17331 Saint-GhislainGround area
636 m²
Building footprint
112 m²
Volume, LiDAR
640 m³
Parcel 53009B0259/00P003, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Delta Product.
since 20072.167.004.447
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53009B0259/00P003 | Wallonia | 636 m² | 1 · 112 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0651.572.259
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WORQTEAM
BE 0757.798.741
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CINARLI
BE 0466.897.622
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True Solutions
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Of 304 companies in sector 82920 we hold annual accounts for 198. 104 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2007
Fiscal year end31-12
Activities, NACEBEL
82920Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.