Deltakappa
ActiveSummary
The computed 12-month bankruptcy probability of Deltakappa is 1.5% (moderate). The 2025 annual accounts show negative equity (-€16,995) and a net result of -€6,363. Equity is shrinking by ~50.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 110 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 11, Manufacture of beverages, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.5% 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 497,338 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 6,010 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,862 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,679 | €4,454 | €4,368 | €737 | €737 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €639 | - | - | - |
| Other operating charges640/8 | €3,032 | €774 | €805 | €1,021 | €980 | ▼ 4.1% |
| Non-recurring operating charges66A | - | - | - | €1,602 | €3,314 | ▲ 107% |
| Gross operating margin9900 | €2,995 | -€7,589 | €4,883 | -€1,729 | -€1,270 | ▲ 26.5% |
| Operating profit (loss)9901 | -€4,716 | -€12,817 | -€928 | -€5,089 | -€6,302 | ▼ 23.8% |
| Financial income75/76B | €70 | €2 | - | - | - | - |
| Recurring financial income75 | €70 | €2 | - | - | - | - |
| Financial charges65/66B | €342 | €480 | €398 | €285 | €62 | ▼ 78.4% |
| Recurring financial charges65 | €342 | €372 | €398 | €285 | €62 | ▼ 78.4% |
| Non-recurring financial charges66B | - | €108 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€4,987 | -€13,295 | -€1,326 | -€5,374 | -€6,363 | ▼ 18.4% |
| Profit (loss) for the period9904 | -€4,987 | -€13,295 | -€1,326 | -€5,374 | -€6,363 | ▼ 18.4% |
| Profit (loss) for the period to be appropriated9905 | -€4,987 | -€13,295 | -€1,326 | -€5,374 | -€6,363 | ▼ 18.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,500 | €30,862 | €29,810 | €7,555 | €1,105 | ▼ 85.4% |
| Fixed assets21/28 | €15,269 | €10,815 | €6,447 | €1,842 | €1,105 | ▼ 40.0% |
| Tangible fixed assets22/27 | €15,269 | €10,815 | €6,447 | €1,842 | €1,105 | ▼ 40.0% |
| Plant, machinery and equipment23 | €12,695 | €8,608 | €4,607 | €370 | - | - |
| Other tangible fixed assets26 | €2,574 | €2,206 | €1,839 | €1,472 | €1,105 | ▼ 25.0% |
| Current assets29/58 | €32,231 | €20,048 | €23,363 | €5,713 | - | - |
| Stocks and contracts in progress3 | €10,725 | €3,562 | €6,861 | €3,314 | - | - |
| Stocks30/36 | €10,725 | €3,562 | €6,861 | €3,314 | - | - |
| Amounts receivable within one year40/41 | €5,269 | €623 | €484 | €1,802 | - | - |
| Trade receivables40 | €5,018 | €275 | €200 | €1,802 | - | - |
| Other amounts receivable41 | €251 | €347 | €284 | - | - | - |
| Cash at bank and in hand54/58 | €16,238 | €15,863 | €16,018 | €597 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,500 | €30,862 | €29,810 | €7,555 | €1,105 | ▼ 85.4% |
| Equity10/15 | €9,364 | -€3,932 | -€5,258 | -€10,632 | -€16,995 | ▼ 59.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€9,236 | -€22,532 | -€23,858 | -€29,232 | -€35,595 | ▼ 21.8% |
| Amounts payable17/49 | €38,137 | €34,794 | €35,067 | €18,187 | €18,100 | ▼ 0.5% |
| Amounts payable after more than one year17 | €32,450 | €32,032 | €32,085 | €15,120 | - | - |
| Financial debts170/4 | €32,450 | €32,032 | €32,085 | €15,120 | - | - |
| Amounts payable within one year42/48 | €5,687 | €2,762 | €2,982 | €3,067 | €18,100 | ▲ 490% |
| Financial debts43 | - | - | - | - | €10 | - |
| Credit institutions430/8 | - | - | - | - | €10 | - |
| Trade debts44 | €2,916 | €745 | €1,061 | €1,161 | - | - |
| Suppliers440/4 | €2,916 | €745 | €1,061 | €1,161 | - | - |
| Advances received on contracts in progress46 | - | €233 | - | - | - | - |
| Taxes, remuneration and social security45 | €608 | €95 | €232 | €218 | - | - |
| Taxes450/3 | €608 | €95 | €232 | €218 | - | - |
| Other amounts payable47/48 | €2,163 | €1,688 | €1,688 | €1,688 | €18,089 | ▲ 971% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,987 | -€13,295 | -€1,326 | -€5,374 | -€6,363 | ▼ 18.4% |
| + Depreciation and write-downs630 | €4,679 | €4,454 | €4,368 | €737 | €737 | = |
| Operating cash flow (approximation) | -€308 | -€8,841 | €3,042 | -€4,637 | -€5,626 | ▼ 21.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €3,867 | €0 | ▼ 100% |
| Change in cash | - | -€375 | €155 | -€15,421 | - | - |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53037C0008/00G002 | Wallonia | 1,032 m² | 1 · 207 m² | - |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.