DELTRANS
ActiveSummary
DELTRANS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €270,230 and a net result of -€27,080. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 1133 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability60▼-7
Solvency84▲+8
Growth32▼-4
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.52 in 2023; short-term debt: 33.3% and cash: 43% of total assets), and 41.1% 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
58.9%
Return on assets
-5.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€27,080
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
23 d early
2022
20 d early
2021
46 d early
2020
24 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€847,960▼ 16.6%
2023 · €1.0m
EBIT margin
-2.4%▼ 2.2pp
2023 · -0.3%
Net result
-€27,080▼ 227%
2023 · -€8,293
Working capital
€157,043▲ 34.6%
2023 · €116,664
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€875,091▲ 8.0%€873,966▼ 0.1%€1.1m▲ 21.4%€1.0m▼ 4.1%€847,960▼ 16.6%
Operating result€48,742▲ 277%-€48,847-€53,800▼ 10.1%-€2,790▲ 94.8%-€20,734▼ 643%
Net result€35,942within the sector's middle half▲ 298%-€53,426below the sector's middle half-€59,148below the sector's middle half▼ 10.7%-€8,293below the sector's middle half▲ 86.0%-€27,080below the sector's middle half▼ 227%
EBIT margin5.6%▲ 4.0pp-5.6%▼ 11.2pp-5.1%▲ 0.5pp-0.3%▲ 4.8pp-2.4%▼ 2.2pp
Equity€418,176within the sector's middle half▲ 9.4%€364,750within the sector's middle half▼ 12.8%€305,602within the sector's middle half▼ 16.2%€297,310within the sector's middle half▼ 2.7%€270,230within the sector's middle half▼ 9.1%
Total assets€865,917within the sector's middle half▲ 42.0%€682,429within the sector's middle half▼ 21.2%€695,901within the sector's middle half▲ 2.0%€582,421within the sector's middle half▼ 16.3%€458,734below the sector's middle half▼ 21.2%
Debt€447,740▲ 96.8%€317,678▼ 29.0%€390,298▲ 22.9%€285,111▼ 27.0%€188,504▼ 33.9%
Working capital€273,983within the sector's middle half▼ 11.0%€205,625within the sector's middle half▼ 24.9%€81,191within the sector's middle half▼ 60.5%€116,664within the sector's middle half▲ 43.7%€157,043within the sector's middle half▲ 34.6%
Solvency48.3%within the sector's middle half▼ 14.4pp53.4%within the sector's middle half▲ 5.2pp43.9%within the sector's middle half▼ 9.5pp51.0%within the sector's middle half▲ 7.1pp58.9%above the sector's middle half▲ 7.9pp
Current ratio2.12within the sector's middle half▼ 1.171.99within the sector's middle half▼ 0.131.30within the sector's middle half▼ 0.691.52within the sector's middle half▲ 0.222.03within the sector's middle half▲ 0.51
Return on assets (ROA)4.2%within the sector's middle half▲ 2.7pp-7.8%below the sector's middle half▼ 12.0pp-8.5%below the sector's middle half▼ 0.7pp-1.4%below the sector's middle half▲ 7.1pp-5.9%below the sector's middle half▼ 4.5pp
Staff (FTE)6below the sector's middle half▲ 17.6%5.8below the sector's middle half▼ 3.3%5.8below the sector's middle half=5.8below the sector's middle half=5.8below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20,734 in 2024 against €2,790 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €458,734
Fixed assets
€148,946 ▼ 37.8%
Current assets
€309,787 ▼ 9.7%
Equity and liabilities €458,734
Equity
€270,230 ▼ 9.1%
Debt
€188,504 ▼ 33.9%
Debt's share of the balance-sheet total falls from 49.0% to 41.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€76,613▼
2023 · €116,836
Cash flow
€70,267▼
2023 · €111,333
Debt to equity
0.70▼
2023 · 0.96
ROE
-10.0%▼
2023 · -2.8%
Interest coverage
34.16▼
2023 · 34.48
Debt ≤ 1 year
€152,745▼
2023 · €226,334
Debt > 1 year
€35,759▼
2023 · €58,777
Income taxes
€229▼
2023 · €256
Staff costs
€403,816▲
2023 · €397,733
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €918,561 | €1.1m | €1.0m | €885,972 | ▼ 15.1% |
| Turnover70 | €875,091 | €873,966 | €1.1m | €1.0m | €847,960 | ▼ 16.6% |
| Other operating income74 | - | €44,595 | €46,909 | €26,282 | €35,463 | ▲ 34.9% |
| Non-recurring operating income76A | - | - | - | - | €2,550 | - |
| Operating charges60/66A | - | €967,408 | €1.2m | €1.0m | €906,706 | ▼ 13.3% |
| Goods for resale, raw materials and consumables60 | - | €123,552 | €262,376 | €98,089 | €631 | ▼ 99.4% |
| Purchases600/8 | - | €123,552 | €262,376 | €98,089 | €631 | ▼ 99.4% |
| Services and other goods61 | - | €398,257 | €424,234 | €424,776 | €397,875 | ▼ 6.3% |
| Remuneration, social security and pensions62 | - | €340,585 | €347,869 | €397,733 | €403,816 | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €65,500 | €100,112 | €120,954 | €119,626 | €97,347 | ▼ 18.6% |
| Other operating charges640/8 | - | €4,902 | €6,004 | €5,791 | €7,037 | ▲ 21.5% |
| Operating profit (loss)9901 | €48,742 | -€48,847 | -€53,800 | -€2,790 | -€20,734 | ▼ 643% |
| Financial charges65/66B | - | €4,356 | €5,122 | €5,246 | €6,117 | ▲ 16.6% |
| Recurring financial charges65 | €3,495 | €4,356 | €5,122 | €5,246 | €6,117 | ▲ 16.6% |
| Debt charges650 | €1,833 | €2,540 | €3,169 | €3,389 | €2,243 | ▼ 33.8% |
| Other financial charges652/9 | - | €1,816 | €1,952 | €1,857 | €3,874 | ▲ 109% |
| Profit (loss) for the period before taxes9903 | €45,247 | -€53,202 | -€58,922 | -€8,036 | -€26,851 | ▼ 234% |
| Income taxes67/77 | €9,305 | €224 | €226 | €256 | €229 | ▼ 10.7% |
| Taxes670/3 | - | €224 | €226 | €256 | €229 | ▼ 10.7% |
| Profit (loss) for the period9904 | €35,942 | -€53,426 | -€59,148 | -€8,293 | -€27,080 | ▼ 227% |
| Profit (loss) for the period to be appropriated9905 | €35,942 | -€53,426 | -€59,148 | -€8,293 | -€27,080 | ▼ 227% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €865,917 | €682,429 | €695,901 | €582,421 | €458,734 | ▼ 21.2% |
| Fixed assets21/28 | €348,066 | €268,953 | €343,209 | €239,423 | €148,946 | ▼ 37.8% |
| Tangible fixed assets22/27 | €347,121 | €268,008 | €342,129 | €238,343 | €147,866 | ▼ 38.0% |
| Plant, machinery and equipment23 | - | €16,719 | €12,319 | €7,918 | €3,518 | ▼ 55.6% |
| Furniture and vehicles24 | - | €30,563 | €89,440 | €75,153 | €87,686 | ▲ 16.7% |
| Leasing and similar rights25 | - | €220,726 | €240,370 | €155,272 | €56,662 | ▼ 63.5% |
| Financial fixed assets28 | €945 | €945 | €1,080 | €1,080 | €1,080 | = |
| Other financial fixed assets284/8 | - | €945 | €1,080 | €1,080 | €1,080 | = |
| Amounts receivable and cash guarantees285/8 | - | €945 | €1,080 | €1,080 | €1,080 | = |
| Current assets29/58 | €517,851 | €413,475 | €352,692 | €342,998 | €309,787 | ▼ 9.7% |
| Amounts receivable within one year40/41 | €354,210 | €358,511 | €262,006 | €263,733 | €87,553 | ▼ 66.8% |
| Trade receivables40 | - | €242,357 | €257,740 | €263,727 | €87,459 | ▼ 66.8% |
| Other amounts receivable41 | - | €116,154 | €4,266 | €6 | €94 | ▲ 1,368% |
| Cash at bank and in hand54/58 | €145,885 | €40,006 | €69,900 | €57,926 | €197,405 | ▲ 241% |
| Deferred charges and accrued income490/1 | - | €14,958 | €20,786 | €21,338 | €24,829 | ▲ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €865,917 | €682,429 | €695,901 | €582,421 | €458,734 | ▼ 21.2% |
| Equity10/15 | €418,176 | €364,750 | €305,602 | €297,310 | €270,230 | ▼ 9.1% |
| Contributions10/11 | €66,000 | €66,000 | €66,000 | €66,000 | €66,000 | = |
| Capital10 | - | €66,000 | €66,000 | €66,000 | €66,000 | = |
| Issued capital100 | - | €66,000 | €66,000 | €66,000 | €66,000 | = |
| Reserves13 | €352,176 | €352,176 | €293,028 | €284,736 | €284,736 | = |
| Non-distributable reserves130/1 | - | €6,600 | €6,600 | €6,600 | €6,600 | = |
| Legal reserve130 | - | €6,600 | €6,600 | €6,600 | €6,600 | = |
| Tax-exempt reserves132 | - | €164,997 | €164,997 | €164,997 | €164,997 | = |
| Distributable reserves133 | - | €180,579 | €121,431 | €113,139 | €113,139 | = |
| Profit (loss) carried forward14 | - | -€53,426 | -€53,426 | -€53,426 | -€80,506 | ▼ 50.7% |
| Amounts payable17/49 | €447,740 | €317,678 | €390,298 | €285,111 | €188,504 | ▼ 33.9% |
| Amounts payable after more than one year17 | €203,872 | €109,828 | €118,797 | €58,777 | €35,759 | ▼ 39.2% |
| Financial debts170/4 | - | €109,828 | €118,797 | €58,777 | €35,759 | ▼ 39.2% |
| Leasing and similar obligations172 | - | €109,828 | €118,797 | €58,777 | €35,759 | ▼ 39.2% |
| Amounts payable within one year42/48 | €243,868 | €207,850 | €271,501 | €226,334 | €152,745 | ▼ 32.5% |
| Current portion of amounts payable after more than one year42 | - | €94,044 | €93,952 | €60,019 | €23,017 | ▼ 61.7% |
| Trade debts44 | €90,798 | €52,876 | €127,270 | €67,792 | €46,969 | ▼ 30.7% |
| Suppliers440/4 | - | €52,876 | €127,270 | €67,792 | €46,969 | ▼ 30.7% |
| Taxes, remuneration and social security45 | - | €60,931 | €50,280 | €64,541 | €61,201 | ▼ 5.2% |
| Taxes450/3 | - | €21,815 | €7,385 | €13,254 | €12,552 | ▼ 5.3% |
| Remuneration and social security454/9 | - | €39,115 | €42,895 | €51,288 | €48,649 | ▼ 5.1% |
| Other amounts payable47/48 | - | - | - | €33,982 | €21,558 | ▼ 36.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,942 | -€53,426 | -€59,148 | -€8,293 | -€27,080 | ▼ 227% |
| + Depreciation and write-downs630 | €65,500 | €100,112 | €120,954 | €119,626 | €97,347 | ▼ 18.6% |
| Operating cash flow (approximation) | €101,442 | €46,686 | €61,806 | €111,333 | €70,267 | ▼ 36.9% |
| Investment in fixed assets (approximation) | - | -€21,000 | -€195,209 | -€15,840 | -€6,870 | ▲ 56.6% |
| Change in cash | - | -€105,879 | €29,894 | -€11,974 | €139,479 | ▲ 1,265% |
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
2026
02-07
State Gazette act
Appointment: A&C - Bedrijfsrevisor (statutory auditor)2 facts ▸
State Gazette act
Appointment: A&C - Bedrijfsrevisor (statutory auditor)
2 facts ▸
- Auditor appointment, A&C - Bedrijfsrevisor (statutory auditor)
- Director in office, Delmulle Philippe (managing director)
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€59,148
Net result drops to -€59,148, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
A&C - Bedrijfsrevisor
CurrentStatutory auditor · since 12-06-2025 · perm. rep.: Bert De Clercq
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wortegem-Petegem · 1 establishment unit since 1996
Ground area
2.5 ha
Building footprint
1,649 m²
Parcel 45055C0374/00C002, Flanders. Linked by address, not a title deed.
1 establishment unit
Waregemseweg (W.) 146, 9790 Wortegem-Petegem
since 19962.075.986.377
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45055C0374/00C002 | Flanders | 2.5 ha | 1 · 1,649 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2025, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| A&C - Bedrijfsrevisor |
|
Structure & network
Part of the group
PHEDUREG
10 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
- PHEDUREG
- Delmulle Holding
- DELMULLE
- DELTRANS
Highest known parent: PHEDUREG. The sources do not say who stands above it.
Owners 2
- DELMULLEparentSourceaccounts DELMULLE 202498.48%
-
1.52%
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 6,492 EUR awarded · 6,492 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | -936 EUR | 0 EUR |
| 2024 | 2 | 5,631 EUR | 4,992 EUR |
| 2023 | 2 | 1,797 EUR | 1,500 EUR |
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 5,954 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-02-1996
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457363017
Registered
13-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.