Delta18
ActiveDelta18 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €26k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 88% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth75▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 7.39 against 4.61 in 2024; short-term debt: 11.6% and cash: 67.1% of total assets), and 11.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
88.4%
Return on assets
33.5%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 30-09-2025 was due by 30-04-2026 and was filed on 21-02-2026, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
68 d early
2024
63 d early
2023
38 d early
2022
85 d early
2021
5 d late
2020
on the day
2019
40 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€48k▲ 78.1%
2024 · €27k
2018: €23k
2019: €15k
2020: €6k
2021: €9k
2022: €11k
2023: €7k
2024: €27k
2018 → 2025
EBIT margin
73.6%▲ 0.4pp
2024 · 73.1%
2018: 74.3%
2019: 64.5%
2020: 33.9%
2021: 10.0%
2022: 44.9%
2023: 11.8%
2024: 73.1%
2018 → 2025
Net result
€26k▲ 83.4%
2024 · €14k
2018: €17k
2019: €3k
2020: €2k
2021: €467
2022: €3k
2023: €493
2024: €14k
2018 → 2025
Working capital
€58k▲ 71.8%
2024 · €34k
2018: €18k
2019: €20k
2020: €22k
2021: €23k
2022: €28k
2023: €18k
2024: €34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9k-€11k▲ 31.5%€7k▼ 35.1%€27k▲ 264%€48k▲ 78.1%
Equity€25k-€28k▲ 14.1%€28k▲ 1.8%€43k▲ 49.9%€69k▲ 61.1%
Operating result€869-€5k▲ 492%€876▼ 83.0%€20k▲ 2,157%€35k▲ 79.1%
Net result€467-€3k▲ 641%€493▼ 85.8%€14k▲ 2,783%€26k▲ 83.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 79% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €78k
Fixed assets
€11k▲ 21.7%
Current assets
€67k▲ 55.6%
Equity and liabilities €78k
Equity
€69k▲ 61.1%
Debt
€9k▼ 3.0%
The debt ratio falls from 17.9% to 11.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▲
2024 · €21k
Cash flow
€28k▲
2024 · €15k
Solvency
88.4%▲
2024 · 82.1%
Current ratio
7.39▲
2024 · 4.61
Quick ratio
7.39▲
2024 · 4.61
Debt / equity
0.13▼
2024 · 0.22
ROE
37.9%▲
2024 · 33.3%
ROA
33.5%▲
2024 · 27.3%
Interest coverage
239.45▲
2024 · 133.39
Debt
€9k▼
2024 · €9k
Debt ≤ 1 year
€9k▼
2024 · €9k
Income taxes
€9k▲
2024 · €5k
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€52k€78k▲
Fixed assets21/28€9k€11k▲
Tangible fixed assets22/27€9k€11k▲
Plant, machinery and equipment23€538€3k▲
Furniture and vehicles24€9k€8k▼
Current assets29/58€43k€67k▲
Amounts receivable within one year40/41€11k€14k▲
Trade receivables40€11k€14k▲
Cash at bank and in hand54/58€32k€52k▲
Deferred charges and accrued income490/1€492€952▲
Equity and liabilities
Total equity and liabilities10/49€52k€78k▲
Equity10/15€43k€69k▲
Contributions10/11€6k€6k=
Reserves13€7k€7k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€30k€56k▲
Amounts payable17/49€9k€9k▼
Amounts payable within one year42/48€9k€9k▼
Financial debts43€1k€576▼
Other loans439€1k€576▼
Trade debts44€473€138▼
Suppliers440/4€473€138▼
Taxes, remuneration and social security45€8k€8k▲
Taxes450/3€8k€8k▲
Income statement
Code20242025
Turnover70€27k€48k▲
Goods, raw materials, services and sundry goods60/61€6k€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€906€2k▲
Other operating charges640/8€588€592▲
Gross operating margin9900€21k€38k▲
Operating profit (loss)9901€20k€35k▲
Financial charges65/66B€155€155=
Recurring financial charges65€155€155=
Profit (loss) for the period before taxes9903€20k€35k▲
Income taxes67/77€5k€9k▲
Profit (loss) for the period9904€14k€26k▲
Profit (loss) for the period to be appropriated9905€14k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€56k▲
Profit (loss) brought forward from the previous period14P€15k€30k▲
The notes to these accounts (5 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
21-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €26k ▲83.4%
Operating result €35k, net result €26k, both a record.
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
30-09
Financial
Weakest financial yearnet €467 ▼75.4%
Net result drops to €467, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Liquidity doublescurrent ratio 14.77
Current ratio from 6.60 to 14.77; short-term debt falls from €4k to €2k.
21-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Gent · 1 establishment unit since 2011
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.
Maurice Verdoncklaan 669050 GentGround area
122 m²
Building footprint
79 m²
Volume, LiDAR
473 m³
Parcel 44362B0137/00H000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Maurice Verdoncklaan 66, 9050 Gent
since 20112.204.665.983
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0137/00H000 | Flanders | 122 m² | 1 · 79 m² | 10.3 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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M.R. DIAMANT
BE 0464.331.971
Antwerpen · Eq €72k
BEAULIEU ANTWERP
BE 0448.806.033
Antwerpen · Eq €73k
ELIANE & MIKELLA
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Antwerpen · Eq €73k
Of 567 companies in sector 46480 we hold annual accounts for 353. 258 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-10-2011
Fiscal year end30-09
Activities, NACEBEL
46480Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.