DeltAquila
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,140, smaller than the loss of €1,246 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Intangible fixed assets | €1,296 | - |
| Depreciation and write-downs of the year | €1,296 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,296 | - | - |
| Other operating charges640/8 | - | €825 | - |
| Gross operating margin9900 | €50 | -€315 | - |
| Operating profit (loss)9901 | -€1,246 | -€1,140 | ▲ 8.4% |
| Financial charges65/66B | - | €23 | - |
| Recurring financial charges65 | - | €23 | - |
| Profit (loss) for the period before taxes9903 | -€1,246 | -€1,164 | ▲ 6.6% |
| Profit (loss) for the period9904 | -€1,246 | -€1,164 | ▲ 6.6% |
| Profit (loss) for the period to be appropriated9905 | -€1,246 | -€1,164 | ▲ 6.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1,254 | €5,722 | ▲ 356% |
| Current assets29/58 | €1,254 | €5,722 | ▲ 356% |
| Amounts receivable within one year40/41 | €259 | €204 | ▼ 21.1% |
| Other amounts receivable41 | €259 | €204 | ▼ 21.1% |
| Cash at bank and in hand54/58 | €996 | €5,486 | ▲ 451% |
| Deferred charges and accrued income490/1 | - | €32 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1,254 | €5,722 | ▲ 356% |
| Equity10/15 | €1,254 | €91 | ▼ 92.8% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€1,246 | -€2,409 | ▼ 93.4% |
| Amounts payable17/49 | - | €5,631 | - |
| Amounts payable within one year42/48 | - | €5,631 | - |
| Taxes, remuneration and social security45 | - | €4,631 | - |
| Taxes450/3 | - | €431 | - |
| Remuneration and social security454/9 | - | €4,200 | - |
| Other amounts payable47/48 | - | €1,000 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,246 | -€1,164 | ▲ 6.6% |
| + Depreciation and write-downs630 | €1,296 | - | - |
| Operating cash flow (approximation) | €50 | -€1,164 | - |
| Change in cash | - | €4,490 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 757 companies had the same profile as DeltAquila has now. Two years later, 86.8% were still going and 7.9% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DeltAquila itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 757 companies, not a prediction for DeltAquila. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.