Delva
ActiveSummary
Delva has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147,708 and a net result of -€1,274. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 36% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+7
Solvency58▼-21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 2.1 in 2024; short-term debt: 35.7% and cash: 15.9% of total assets), but 66.7% of the assets are financed with debt.
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Signals
Three 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
72 d early
2023
27 d early
2022
28 d early
2021
6 d early
2020
4 d early
2019
27 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 17 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 5 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€147,708▼ 0.9%
2024 · €148,983
Total assets
€443,835▲ 60.1%
2024 · €277,203
Net result
-€1,274▲ 49.3%
2024 · -€2,514
Working capital
€85,454▼ 36.6%
2024 · €134,718
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result-€364▲ 44.3%-€2,224▼ 511%€49,566€974▼ 98.0%€9,874▲ 914%
Net result-€5,237below the sector's middle half-€4,256below the sector's middle half▲ 18.7%€34,215above the sector's middle half-€2,514below the sector's middle half-€1,274below the sector's middle half▲ 49.3%
Equity€121,538within the sector's middle half▼ 16.6%€117,282within the sector's middle half▼ 3.5%€151,497above the sector's middle half▲ 29.2%€148,983above the sector's middle half▼ 1.7%€147,708within the sector's middle half▼ 0.9%
Total assets€200,872within the sector's middle half▼ 20.2%€171,973within the sector's middle half▼ 14.4%€256,333within the sector's middle half▲ 49.1%€277,203within the sector's middle half▲ 8.1%€443,835within the sector's middle half▲ 60.1%
Debt€79,334▼ 25.1%€54,691▼ 31.1%€104,837▲ 91.7%€128,220▲ 22.3%€296,126▲ 131%
Working capital€90,354above the sector's middle half▼ 21.9%€92,749above the sector's middle half▲ 2.7%€146,691above the sector's middle half▲ 58.2%€134,718above the sector's middle half▼ 8.2%€85,454within the sector's middle half▼ 36.6%
Solvency60.5%within the sector's middle half▲ 2.6pp68.2%above the sector's middle half▲ 7.7pp59.1%within the sector's middle half▼ 9.1pp53.7%within the sector's middle half▼ 5.4pp33.3%within the sector's middle half▼ 20.5pp
Current ratio2.24within the sector's middle half▼ 0.142.70within the sector's middle half▲ 0.462.40within the sector's middle half▼ 0.302.10within the sector's middle half▼ 0.291.54within the sector's middle half▼ 0.56
Return on assets (ROA)-2.6%below the sector's middle half▼ 3.5pp-2.5%below the sector's middle half▲ 0.1pp13.3%within the sector's middle half▲ 15.8pp-0.9%below the sector's middle half▼ 14.3pp-0.3%below the sector's middle half▲ 0.6pp
Staff (FTE)5.5▼ 6.8%5▼ 9.1%4.8▼ 4.0%6.1▲ 27.1%7.6within the sector's middle half▲ 24.6%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 914% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €443,835
Fixed assets
€200,142 ▲ 877%
Current assets
€243,692 ▼ 5.1%
Equity and liabilities €443,835
Equity
€147,708 ▼ 0.9%
Debt
€296,126 ▲ 131%
Debt's share of the balance-sheet total rises from 46.3% to 66.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€21,833▲
2024 · €5,551
Cash flow
€10,685▲
2024 · €2,063
Quick ratio
1.35▼
2024 · 1.98
Debt to equity
2.00▲
2024 · 0.86
ROE
-0.9%▲
2024 · -1.7%
Interest coverage
3.11▲
2024 · 2.32
Debt ≤ 1 year
€158,238▲
2024 · €121,994
Debt > 1 year
€137,663▲
2024 · €6,227
Income taxes
€4,159▲
2024 · €1,120
Staff costs
€461,740▲
2024 · €355,127
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 bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €243,647 | €246,822 | €293,855 | €355,127 | €461,740 | ▲ 30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,700 | €14,604 | €655 | €4,577 | €11,959 | ▲ 161% |
| Other operating charges640/8 | €4,090 | €9,060 | €7,123 | €5,690 | €5,270 | ▼ 7.4% |
| Non-recurring operating charges66A | €4,185 | €0 | €28,665 | €1,085 | €0 | ▼ 100% |
| Gross operating margin9900 | €266,257 | €268,262 | €379,863 | €367,453 | €488,843 | ▲ 33.0% |
| Operating profit (loss)9901 | -€364 | -€2,224 | €49,566 | €974 | €9,874 | ▲ 914% |
| Financial income75/76B | €2,264 | €14 | €10 | €20 | €24 | ▲ 21.9% |
| Recurring financial income75 | €2,264 | €14 | €10 | €20 | €24 | ▲ 21.9% |
| Financial charges65/66B | €1,184 | €588 | €590 | €2,388 | €7,013 | ▲ 194% |
| Recurring financial charges65 | €1,184 | €588 | €590 | €2,388 | €7,013 | ▲ 194% |
| Profit (loss) for the period before taxes9903 | €715 | -€2,799 | €48,987 | -€1,394 | €2,885 | ▲ 307% |
| Income taxes67/77 | €5,952 | €1,458 | €14,772 | €1,120 | €4,159 | ▲ 271% |
| Profit (loss) for the period9904 | -€5,237 | -€4,256 | €34,215 | -€2,514 | -€1,274 | ▲ 49.3% |
| Transfer from tax-exempt reserves789 | €25,034 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €19,797 | -€4,256 | €34,215 | -€2,514 | -€1,274 | ▲ 49.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €200,872 | €171,973 | €256,333 | €277,203 | €443,835 | ▲ 60.1% |
| Fixed assets21/28 | €37,547 | €24,533 | €4,806 | €20,491 | €200,142 | ▲ 877% |
| Intangible fixed assets21 | - | - | - | €3,166 | €5,454 | ▲ 72.3% |
| Tangible fixed assets22/27 | €37,547 | €24,533 | €4,806 | €17,326 | €194,688 | ▲ 1,024% |
| Land and buildings22 | - | - | - | - | €168,643 | - |
| Plant, machinery and equipment23 | - | €1,397 | €4,322 | €8,883 | €7,504 | ▼ 15.5% |
| Furniture and vehicles24 | €206 | €0 | €484 | €8,443 | €18,541 | ▲ 120% |
| Leasing and similar rights25 | €37,341 | €23,136 | €0 | - | - | - |
| Current assets29/58 | €163,325 | €147,440 | €251,528 | €256,712 | €243,692 | ▼ 5.1% |
| Stocks and contracts in progress3 | €30,917 | €43,113 | €40,572 | €14,991 | €30,793 | ▲ 105% |
| Stocks30/36 | €6,212 | €12,634 | €11,962 | €14,991 | €30,793 | ▲ 105% |
| Contracts in progress37 | €24,705 | €30,479 | €28,611 | €0 | - | - |
| Amounts receivable within one year40/41 | €82,510 | €40,803 | €187,450 | €133,676 | €133,151 | ▼ 0.4% |
| Trade receivables40 | €61,930 | €27,713 | €173,425 | €103,977 | €102,139 | ▼ 1.8% |
| Other amounts receivable41 | €20,580 | €13,090 | €14,025 | €29,698 | €31,012 | ▲ 4.4% |
| Cash at bank and in hand54/58 | €39,284 | €52,092 | €16,503 | €92,694 | €70,533 | ▼ 23.9% |
| Deferred charges and accrued income490/1 | €10,615 | €11,432 | €7,003 | €15,351 | €9,215 | ▼ 40.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €200,872 | €171,973 | €256,333 | €277,203 | €443,835 | ▲ 60.1% |
| Equity10/15 | €121,538 | €117,282 | €151,497 | €148,983 | €147,708 | ▼ 0.9% |
| Contributions10/11 | €58,200 | €58,200 | €58,200 | €58,200 | €58,200 | = |
| Reserves13 | €63,338 | €59,082 | €93,297 | €90,783 | €89,508 | ▼ 1.4% |
| Non-distributable reserves130/1 | €5,820 | €5,820 | €5,820 | €0 | - | - |
| Reserves not available under the articles1311 | €5,820 | €5,820 | €5,820 | €0 | - | - |
| Distributable reserves133 | €57,518 | €53,262 | €87,477 | €90,783 | €89,508 | ▼ 1.4% |
| Profit (loss) carried forward14 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €79,334 | €54,691 | €104,837 | €128,220 | €296,126 | ▲ 131% |
| Amounts payable after more than one year17 | €6,363 | €0 | - | €6,227 | €137,663 | ▲ 2,111% |
| Financial debts170/4 | €6,363 | €0 | - | €6,227 | €137,663 | ▲ 2,111% |
| Amounts payable within one year42/48 | €72,971 | €54,691 | €104,837 | €121,994 | €158,238 | ▲ 29.7% |
| Current portion of amounts payable after more than one year42 | €15,836 | €6,363 | €0 | €2,657 | €9,546 | ▲ 259% |
| Trade debts44 | €23,689 | €28,179 | €84,859 | €109,750 | €128,101 | ▲ 16.7% |
| Suppliers440/4 | €23,689 | €28,179 | €84,859 | €109,750 | €128,101 | ▲ 16.7% |
| Advances received on contracts in progress46 | €9,716 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €3,671 | €3,603 | €18,173 | €9,587 | €12,072 | ▲ 25.9% |
| Taxes450/3 | €3,671 | €3,603 | €727 | €1,120 | €2,799 | ▲ 150% |
| Remuneration and social security454/9 | - | - | €17,446 | €8,467 | €9,273 | ▲ 9.5% |
| Other amounts payable47/48 | €20,060 | €16,545 | €1,805 | €0 | €8,519 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €225 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,237 | -€4,256 | €34,215 | -€2,514 | -€1,274 | ▲ 49.3% |
| + Depreciation and write-downs630 | €14,700 | €14,604 | €655 | €4,577 | €11,959 | ▲ 161% |
| Operating cash flow (approximation) | €9,463 | €10,348 | €34,870 | €2,063 | €10,685 | ▲ 418% |
| Investment in fixed assets (approximation) | - | -€1,590 | €19,072 | -€20,263 | -€191,610 | ▼ 846% |
| Change in cash | - | €12,808 | -€35,590 | €76,191 | -€22,160 | ▼ 129% |
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
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €34,215
Net result €34,215 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €151,497 ▲29.2%
Equity rises from €117,282 to €151,497.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Back to profitnet €26,185
Net result €26,185 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €151,719 ▲11.3%
Equity rises from €136,310 to €151,719.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Bilzen-Hoeselt · 1 establishment unit since 1996
Ground area
239 m²
Building footprint
134 m²
Volume, LiDAR
768 m³
Parcel 73006C0230/00P000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DELVA
since 19962.077.118.408
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006C0230/00P000 | Flanders | 239 m² | 1 · 134 m² | 9.8 m · 2 fl. |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- V hout
- Delva
Highest known parent: V hout. The sources do not say who stands above it.
Owners 1
- V houtparentSourceaccounts V hout 2025100%
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 · 3 entries · 1,475 EUR awarded · 1,104 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 783 EUR | 450 EUR |
| 2024 | 1 | 638 EUR | 638 EUR |
| 2023 | 1 | 54 EUR | 16 EUR |
Recognitions · licences · registrations
Recognised contractor
9 categoriesDelva BV34758
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Of 8,578 companies in sector 43410 we hold annual accounts for 4,369. 3,761 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-06-1996
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
41001General construction of residential buildings
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458176134
Also
9925:BE0458176134
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.