DELTA WAREHOUSING
ActiveSummary
DELTA WAREHOUSING has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231,280 and a net result of €432,791. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 681 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency40▲+40
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 2.13 against 0.37 in 2024; short-term debt: 35.9% and cash: 5.5% of total assets), but 84.6% of the assets are financed with debt.
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Signals
Six 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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.4%
Return on assets
28.8%
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 24% of 681 sector peers (2025).
NBB · sector comparisonPosition among 681 sector peers
Solvency
better than 24%
← 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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
68 d late
2023
92 d late
2022
91 d late
2021
91 d late
2020
102 d late
2019
91 d late
← 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 73 days after the deadline; the sector median for financial year 2024 is 8 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€432,791
2024 · -€1.2m
Working capital
€609,989
2024 · -€997,640
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33,801-€15,295€76,565-€1.1m€514,708
Net result€17,678within the sector's middle half-€37,654below the sector's middle half€35,082within the sector's middle half-€1.2mbelow the sector's middle half€432,791within the sector's middle half
Equity€632,983within the sector's middle half▲ 2.9%€595,329within the sector's middle half▼ 5.9%€630,411within the sector's middle half▲ 5.9%-€601,511below the sector's middle half€231,280below the sector's middle half
Total assets€2.1mwithin the sector's middle half▲ 3.7%€2.4mwithin the sector's middle half▲ 13.8%€2.3mwithin the sector's middle half▼ 3.9%€1.1mwithin the sector's middle half▼ 53.5%€1.5mbelow the sector's middle half▲ 39.5%
Debt€1.5m▲ 4.1%€1.8m▲ 22.1%€1.7m▼ 7.2%€1.7m▼ 0.5%€1.3m▼ 24.2%
Working capital-€159,840below the sector's middle half▲ 42.6%-€80,839below the sector's middle half▲ 49.4%€153,703within the sector's middle half-€997,640below the sector's middle half€609,989within the sector's middle half
Solvency29.8%within the sector's middle half▼ 0.3pp24.7%within the sector's middle half▼ 5.2pp27.2%within the sector's middle half▲ 2.5pp-55.8%below the sector's middle half▼ 83.0pp15.4%below the sector's middle half▲ 71.2pp
Current ratio0.88below the sector's middle half▲ 0.100.95below the sector's middle half▲ 0.071.10within the sector's middle half▲ 0.150.37below the sector's middle half▼ 0.732.13within the sector's middle half▲ 1.76
Return on assets (ROA)0.8%within the sector's middle half▲ 2.8pp-1.6%below the sector's middle half▼ 2.4pp1.5%within the sector's middle half▲ 3.1pp-114.3%below the sector's middle half▼ 115.8pp28.8%above the sector's middle half▲ 143.0pp
Staff (FTE)13.6above the sector's middle half▼ 11.1%11.3within the sector's middle half▼ 16.9%11.4above the sector's middle half▲ 0.9%11.4above the sector's middle half=11.1within the sector's middle half▼ 2.6%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €514,708 after a loss of €1.1m in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€354,632 ▼ 26.3%
Current assets
€1.1m ▲ 92.4%
Equity and liabilities €1.5m
Equity
€231,280
Debt
€1.3m
Debt finances 84.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€652,880▲
2024 · -€949,912
Cash flow
€570,963▲
2024 · -€1.1m
Debt to equity
5.50
ROE
187.1%
Interest coverage
8.25▲
2024 · -9.75
Debt ≤ 1 year
€539,090▼
2024 · €1.6m
Debt > 1 year
€733,341▲
2024 · €1,673
Income taxes
€2,819▼
2024 · €33,493
Staff costs
€490,873▼
2024 · €554,812
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 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% | 1.8% |
| 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 2,613 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €641,837 | €513,676 | €555,913 | €554,812 | €490,873 | ▼ 11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €189,429 | €186,186 | €179,165 | €153,905 | €138,172 | ▼ 10.2% |
| Other operating charges640/8 | €27,034 | €42,128 | €27,797 | €167,394 | €48,333 | ▼ 71.1% |
| Non-recurring operating charges66A | - | - | - | €780,192 | €6,802 | ▼ 99.1% |
| Gross operating margin9900 | €892,101 | €726,695 | €839,440 | €552,486 | €1.2m | ▲ 117% |
| Operating profit (loss)9901 | €33,801 | -€15,295 | €76,565 | -€1.1m | €514,708 | ▲ 147% |
| Financial income75/76B | €1,784 | €1,476 | €274 | €2,775 | €22 | ▼ 99.2% |
| Recurring financial income75 | €1,784 | €1,476 | €274 | €2,775 | €22 | ▼ 99.2% |
| Financial charges65/66B | €17,572 | €23,644 | €36,066 | €97,387 | €79,120 | ▼ 18.8% |
| Recurring financial charges65 | €17,572 | €23,644 | €36,066 | €97,387 | €79,120 | ▼ 18.8% |
| Profit (loss) for the period before taxes9903 | €18,013 | -€37,463 | €40,773 | -€1.2m | €435,610 | ▲ 136% |
| Income taxes67/77 | €335 | €191 | €5,691 | €33,493 | €2,819 | ▼ 91.6% |
| Profit (loss) for the period9904 | €17,678 | -€37,654 | €35,082 | -€1.2m | €432,791 | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €17,678 | -€37,654 | €35,082 | -€1.2m | €432,791 | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.4m | €2.3m | €1.1m | €1.5m | ▲ 39.5% |
| Fixed assets21/28 | €958,244 | €811,513 | €652,093 | €481,007 | €354,632 | ▼ 26.3% |
| Tangible fixed assets22/27 | €956,498 | €809,767 | €650,347 | €481,007 | €354,632 | ▼ 26.3% |
| Land and buildings22 | €161,704 | €156,444 | €147,519 | €134,475 | €123,485 | ▼ 8.2% |
| Plant, machinery and equipment23 | €29,431 | €22,729 | €20,288 | €20,505 | €18,456 | ▼ 10.0% |
| Furniture and vehicles24 | €712,638 | €595,169 | €464,415 | €326,027 | €212,690 | ▼ 34.8% |
| Leasing and similar rights25 | €52,725 | €35,425 | €18,125 | €0 | - | - |
| Financial fixed assets28 | €1,746 | €1,746 | €1,746 | €0 | - | - |
| Current assets29/58 | €1.2m | €1.6m | €1.7m | €597,100 | €1.1m | ▲ 92.4% |
| Stocks and contracts in progress3 | €27,696 | €27,696 | €26,496 | €22,083 | €0 | ▼ 100% |
| Stocks30/36 | €27,696 | €27,696 | €26,496 | €22,083 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €888,961 | €1.5m | €1.5m | €463,355 | €1.0m | ▲ 125% |
| Trade receivables40 | €758,583 | €1.3m | €1.3m | €240,133 | €821,991 | ▲ 242% |
| Other amounts receivable41 | €130,378 | €116,950 | €138,481 | €223,222 | €218,552 | ▼ 2.1% |
| Current investments50/53 | €26,100 | €26,100 | €26,100 | €26,100 | €26,100 | = |
| Cash at bank and in hand54/58 | €56,139 | €19,272 | €55,111 | €23,322 | €82,437 | ▲ 253% |
| Deferred charges and accrued income490/1 | €164,535 | €69,103 | €70,402 | €62,240 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.4m | €2.3m | €1.1m | €1.5m | ▲ 39.5% |
| Equity10/15 | €632,983 | €595,329 | €630,411 | -€601,511 | €231,280 | ▲ 138% |
| Contributions10/11 | €445,750 | €445,750 | €445,750 | €445,750 | €845,750 | ▲ 89.7% |
| Capital10 | €445,750 | €445,750 | €445,750 | €445,750 | €845,750 | ▲ 89.7% |
| Issued capital100 | €634,000 | €445,750 | €445,750 | €445,750 | €845,750 | ▲ 89.7% |
| Uncalled capital101 | €188,250 | - | - | - | - | - |
| Reserves13 | €210,727 | €210,727 | €210,727 | €210,727 | €210,727 | = |
| Non-distributable reserves130/1 | €89,500 | €89,500 | €89,500 | €89,500 | €89,500 | = |
| Legal reserve130 | €63,400 | €63,400 | €63,400 | €63,400 | €63,400 | = |
| Reserves not available under the articles1311 | €26,100 | €26,100 | €26,100 | - | €26,100 | - |
| Own shares acquired1312 | - | - | - | €26,100 | - | - |
| Distributable reserves133 | €121,227 | €121,227 | €121,227 | €121,227 | €121,227 | = |
| Profit (loss) carried forward14 | -€23,494 | -€61,148 | -€26,066 | -€1.3m | -€825,197 | ▲ 34.4% |
| Amounts payable17/49 | €1.5m | €1.8m | €1.7m | €1.7m | €1.3m | ▼ 24.2% |
| Amounts payable after more than one year17 | €164,480 | €82,557 | €18,017 | €1,673 | €733,341 | ▲ 43,734% |
| Financial debts170/4 | €164,480 | €82,557 | €18,017 | €1,673 | €733,341 | ▲ 43,734% |
| Amounts payable within one year42/48 | €1.3m | €1.7m | €1.5m | €1.6m | €539,090 | ▼ 66.2% |
| Current portion of amounts payable after more than one year42 | €176,390 | €94,723 | €78,239 | €48,932 | €68,275 | ▲ 39.5% |
| Financial debts43 | €475,000 | €1.2m | €1.2m | €1.2m | €7,483 | ▼ 99.4% |
| Credit institutions430/8 | €475,000 | €1.2m | €1.2m | €1.2m | €7,483 | ▼ 99.4% |
| Trade debts44 | €527,039 | €293,495 | €133,249 | €263,056 | €211,639 | ▼ 19.5% |
| Suppliers440/4 | €527,039 | €293,495 | €133,249 | €263,056 | €211,639 | ▼ 19.5% |
| Taxes, remuneration and social security45 | €21,842 | €16,285 | €22,853 | €70,252 | €76,493 | ▲ 8.9% |
| Taxes450/3 | €11,128 | €8,280 | €14,120 | €30,177 | €41,234 | ▲ 36.6% |
| Remuneration and social security454/9 | €10,714 | €8,005 | €8,733 | €40,075 | €35,258 | ▼ 12.0% |
| Other amounts payable47/48 | €123,000 | €103,420 | €103,420 | €37,500 | €175,200 | ▲ 367% |
| Accrued charges and deferred income492/3 | €941 | €52,788 | €157,368 | €83,205 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,678 | -€37,654 | €35,082 | -€1.2m | €432,791 | ▲ 135% |
| + Depreciation and write-downs630 | €189,429 | €186,186 | €179,165 | €153,905 | €138,172 | ▼ 10.2% |
| Operating cash flow (approximation) | €207,107 | €148,532 | €214,247 | -€1.1m | €570,963 | ▲ 153% |
| Investment in fixed assets (approximation) | - | -€39,455 | -€19,745 | €17,181 | -€11,797 | ▼ 169% |
| Change in cash | - | -€36,867 | €35,839 | -€31,789 | €59,115 | ▲ 286% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €432,791
Net result €432,791 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 2.13
Current ratio from 0.37 to 2.13; short-term debt falls from €1.6m to €539,090.
31-12
Financial
Equity above €200,000Eq €231,280
Equity rises from -€601,511 to €231,280.
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 68 days late
2024
31-12
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
31-12
Financial
Back to profitnet €35,082
Net result €35,082 after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 91 days late
2022
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 91 days late
2021
31-12
Financial
Back to profitnet €17,678
Net result €17,678 after one loss-making year.
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 102 days late
Show earlier events
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 90 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 61 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
No directors read yet: 0 of 14 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hamont-Achel · 1 establishment unit since 1992
Ground area
2.0 ha
Building footprint
9,566 m²
Volume, LiDAR
62,030 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
DELTA WAREHOUSING NV
since 19922.057.491.150
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00V146 | Flanders | 1.5 ha | 1 · 7,892 m² | 8.5 m · 2 fl. |
| 72012D0375/00R000 | Flanders | 4,902 m² | 1 · 1,674 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 ownerOwners 1
-
32.67%
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.
Subsidies and aid
Flemish government
2023 · 1 entry · 854 EUR awarded · 465 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 854 EUR | 465 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 sitePelt2.057.491.150
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Company details
Identification
Legal formPublic limited company
Founded06-04-1992
Fiscal year end31-12
Activities, NACEBEL 2025
52100Warehousing and storage
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447056073
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.