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DELTASEARCH

Active
Public limited companyfounded 198738 yrs activeSchijnpoortweg 137, 2170 Antwerpen, BelgiumKBO/BCE: BE 0432.600.697
Summary

The computed 12-month bankruptcy probability of DELTASEARCH is 1.7% (moderate). The 2025 annual accounts show negative equity (-€131,816) and a net result of -€58,797. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 313 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
DELTASEARCHActiveChecked score 52/100
Risk analysis ReportCompare

Overview

Activity
Employment placement agencies
NACE 78100
1 site
Size
€19,892total assets 2025
Staff
0.8 FTE
Equity
-€131,816
Loss
-€58,797
Financial health
52 Fair Checked score 2025
Bankruptcy chance 12 m
1.7%
Structure
Largest shareholder
Brinkhorst Holding · 50%
Accounts 3 d early0 of 11 deeds read
Why 52- Loss of €58,797, the second in a row (FY 2025)- Negative equity -€131,816+ Size: 0.8 FTE, total assets €19,892+ Founded in 1987Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 7% of its sector peers (NACE 78, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -662.6% of total assets
Liquidity 2-1
short-term debt 762.6% · cash 1.5%
Profitability 0=
return on assets -295.6%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,371 companies)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● 0.0% vs 11-2024 01-2025: 0.5%● 0.0% vs 12-2024 02-2025: 0.5%● 0.0% vs 01-2025 03-2025: 0.5%▼ -0.6% vs 02-2025lowest value 04-2025: 0.5%▲ +3.4% vs 03-2025 05-2025: 0.5%▲ +0.2% vs 04-2025 06-2025: 0.6%▲ +12.4% vs 05-2025 07-2025: 0.7%▲ +21.0% vs 06-2025 08-2025: 0.9%▲ +23.6% vs 07-2025 09-2025: 2.5%▲ +185% vs 08-2025 10-2025: 2.5%● 0.0% vs 09-2025 11-2025: 2.5%● 0.0% vs 10-2025 12-2025: 2.5%● 0.0% vs 11-2025 01-2026: 2.5%● 0.0% vs 12-2025 02-2026: 2.5%● 0.0% vs 01-2026 03-2026: 2.5%▼ -0.5% vs 02-2026 04-2026: 2.5%▲ +0.2% vs 03-2026 05-2026: 2.5%▲ +0.5% vs 04-2026 06-2026: 2.7%▲ +9.8% vs 05-2026 07-2026: 2.9%▲ +4.4% vs 06-2026highest value 08-2026: 1.7%▼ -39.6% vs 07-2026 09-2026: 1.7%● 0.0% vs 08-2026 10-2026: 1.7%● 0.0% vs 09-2026
  • Loss of €58,797, the second in a row (FY 2025) raises the probability
  • Negative equity -€131,816 raises the probability
  • Size: 0.8 FTE, total assets €19,892 lowers the probability for this profile
  • Founded in 1987 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.13 against 0.68 in 2024; short-term debt: 762.6% and cash: 1.5% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 78, micro). Better than this share of them on solvency 5%, liquidity 4%, profitability 7%, growth against the median 9%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €58,797, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity -€131,816
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: 0.8 FTE, total assets €19,892
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€131,816
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2024
14 d late
2023
57 d early
2022
4 d early
2021
8 d early
2020
15 d early
2019
31 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 6 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% 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 28 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€58,797
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€131,816 View
  • Caution: Equity fell in 2025from -€73,018 to -€131,816 ▼ 80.5% View
  • Caution: Among the weakest 5% on solvencysector median 33.3% · 313 companies -662.6% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€58,797 View

By topic

Financials

Fiscal year
2025
Total assets
€19,892
Loss
-€58,797
Solvency
-662.6%
Total assets▼ 87.5%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 28-07-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 14-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Employment placement agenciesNACE 78100
Founded
02-12-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark

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