DELVAL FRERES
ActiveThe computed 12-month bankruptcy probability of DELVAL FRERES is 2.8% (moderate). The 2025 annual accounts show equity of €200k and a net result of €82k. Its solvency ranks better than 52% of 18039 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-12
Solvency62▼-5
Growth52
Track record82
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity ample (current ratio 1.54 against 1.9 in 2024; short-term debt: 51.4% and cash: 40.8% of total assets), but 63.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.6%
Return on assets
15.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
25 d late
2024
56 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€200k▲ 69.9%
2024 · €118k
2024: €118k
2024 → 2025
Total assets
€547k▲ 93.4%
2024 · €283k
2024: €283k
2024 → 2025
Net result
€82k▼ 23.6%
2024 · €108k
2024: €108k
2024 → 2025
Working capital
€152k▲ 82.5%
2024 · €84k
2024: €84k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€118k-€200k▲ 69.9%
Operating result€136k-€118k▼ 13.1%
Net result€108k-€82k▼ 23.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €547k
Fixed assets
€114k▲ 6.1%
Current assets
€434k▲ 147%
Equity and liabilities €547k
Equity
€200k▲ 69.9%
Debt
€347k▲ 110%
The debt ratio rises from 58.3% to 63.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€135k▼
2024 · €141k
Cash flow
€99k▼
2024 · €112k
Solvency
36.6%▼
2024 · 41.7%
Current ratio
1.54▼
2024 · 1.90
Quick ratio
1.51▼
2024 · 1.81
Debt / equity
1.73▲
2024 · 1.40
ROE
41.2%▼
2024 · 91.5%
ROA
15.1%▼
2024 · 38.1%
Interest coverage
18.55▼
2024 · 73.31
Debt
€347k▲
2024 · €165k
Debt ≤ 1 year
€281k▲
2024 · €92k
Debt > 1 year
€66k▼
2024 · €73k
Income taxes
€29k▲
2024 · €27k
Staff costs
€369k▲
2024 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€283k€547k▲
Fixed assets21/28€107k€114k▲
Tangible fixed assets22/27€107k€114k▲
Land and buildings22-€2k
Plant, machinery and equipment23€20k€10k▼
Furniture and vehicles24€490€10k▲
Other tangible fixed assets26€87k€91k▲
Current assets29/58€176k€434k▲
Stocks and contracts in progress3€9k€9k=
Stocks30/36€9k€9k=
Amounts receivable within one year40/41€83k€202k▲
Trade receivables40€31k€132k▲
Other amounts receivable41€52k€70k▲
Cash at bank and in hand54/58€84k€223k▲
Deferred charges and accrued income490/1€115€117▲
Equity and liabilities
Total equity and liabilities10/49€283k€547k▲
Equity10/15€118k€200k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€108k€190k▲
Amounts payable17/49€165k€347k▲
Amounts payable after more than one year17€73k€66k▼
Financial debts170/4€73k€66k▼
Amounts payable within one year42/48€92k€281k▲
Current portion of amounts payable after more than one year42€12k€14k▲
Trade debts44€44k€132k▲
Suppliers440/4€44k€132k▲
Taxes, remuneration and social security45€35k€135k▲
Taxes450/3€28k€135k▲
Remuneration and social security454/9€7k-
Other amounts payable47/48€1k-
Income statement
Code20242025
Remuneration, social security and pensions62€30k€369k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€16k▲
Other operating charges640/8-€2k
Gross operating margin9900€170k€506k▲
Operating profit (loss)9901€136k€118k▼
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€2k€7k▲
Recurring financial charges65€2k€7k▲
Profit (loss) for the period before taxes9903€134k€111k▼
Income taxes67/77€27k€29k▲
Profit (loss) for the period9904€108k€82k▼
Profit (loss) for the period to be appropriated9905€108k€82k▼
Appropriation of the result
Profit (loss) to be appropriated9906€108k€190k▲
Profit (loss) brought forward from the previous period14P-€108k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Equity above €200kEq €200k ▲69.9%
2 profitable years in a row build equity to €200k.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lasne · 2 establishment units since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Communale 111380 LasneGround area
885 m²
Building footprint
342 m²
Volume, LiDAR
3,271 m³
2 parcels, Flanders, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
DELVAL FRERES
since 20242.363.832.590
DELVAL FRERES
since 20242.363.833.877
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552F0009/00E066 | Flanders | 820 m² | 1 · 342 m² | 13.3 m · 4 fl. |
| 25076C0183/00H000 | Wallonia | 65 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Genesius-Rode/Rhode-Saint-Genèse2.363.833.877
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Banketbakkerij Gheysen
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Bakkerij Hanssens
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Nazareth-De Pinte · Eq €199k
Of 4,229 companies in sector 10712 we hold annual accounts for 1,870. 1,530 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-05-2024
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47242Retail sale of chocolate and confectionery
10720Manufacture of food products
10820Manufacture of cocoa, chocolate and sugar confectionery
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.