DELVAMA
ActiveSummary
DELVAMA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €491k and a net result of €235k. Equity is growing by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 804 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+6
Solvency79▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 3.46 in 2023; short-term debt: 45.4% and cash: 43.5% of total assets), and 46% of the assets are financed with debt.
Credit check for your own amount and term
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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
54%
Return on assets
25.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
61 d late
2022
66 d late
2021
68 d late
2020
94 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€491k▼ 34.7%
2023 · €753k
2018: €37klowest in 7 years
2019: €105k▲ +180% vs 2018
2020: €232k▲ +122% vs 2019
2021: €389k▲ +67.3% vs 2020
2022: €522k▲ +34.2% vs 2021
2023: €753k▲ +44.3% vs 2022highest in 7 years
2024: €491k▼ -34.7% vs 2023
2018 → 2024
Total assets
€909k▼ 12.8%
2023 · €1.04M
2018: €655klowest in 7 years
2019: €718k▲ +9.5% vs 2018
2020: €854k▲ +19.0% vs 2019
2021: €974k▲ +14.1% vs 2020
2022: €930k▼ -4.6% vs 2021
2023: €1.04M▲ +12.1% vs 2022highest in 7 years
2024: €909k▼ -12.8% vs 2023
2018 → 2024
Net result
€235k▲ 10.8%
2023 · €212k
2018: €14klowest in 7 years
2019: €67k▲ +391% vs 2018
2020: €128k▲ +90.0% vs 2019
2021: €156k▲ +22.3% vs 2020
2022: €133k▼ -14.9% vs 2021
2023: €212k▲ +59.6% vs 2022
2024: €235k▲ +10.8% vs 2023highest in 7 years
2018 → 2024
Working capital
€415k▼ 36.5%
2023 · €653k
2018: €-153klowest in 7 years
2019: €-66k▲ +56.5% vs 2018
2020: €99k▲ +250% vs 2019
2021: €266k▲ +169% vs 2020
2022: €401k▲ +50.6% vs 2021
2023: €653k▲ +62.7% vs 2022highest in 7 years
2024: €415k▼ -36.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€232k-€389k▲ 67.3%€522k▲ 34.2%€753k▲ 44.3%€491k▼ 34.7%
2020: €232klowest in 5 years
2021: €389k▲ +67.3% vs 2020
2022: €522k▲ +34.2% vs 2021
2023: €753k▲ +44.3% vs 2022highest in 5 years
2024: €491k▼ -34.7% vs 2023
Operating result€172k-€219k▲ 27.8%€186k▼ 15.4%€291k▲ 56.8%€333k▲ 14.2%
2020: €172klowest in 5 years
2021: €219k▲ +27.8% vs 2020
2022: €186k▼ -15.4% vs 2021
2023: €291k▲ +56.8% vs 2022
2024: €333k▲ +14.2% vs 2023highest in 5 years
Net result€128k-€156k▲ 22.3%€133k▼ 14.9%€212k▲ 59.6%€235k▲ 10.8%
2020: €128klowest in 5 years
2021: €156k▲ +22.3% vs 2020
2022: €133k▼ -14.9% vs 2021
2023: €212k▲ +59.6% vs 2022
2024: €235k▲ +10.8% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 14% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €909k
Fixed assets
€82k ▼ 33.8%
Current assets
€827k ▼ 10.0%
Equity and liabilities €909k
Equity
€491k ▼ 34.7%
Debt
€418k ▲ 44.2%
Debt's share of the balance-sheet total rises from 27.8% to 46.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€383k▲
2023 · €350k
Cash flow
€286k▲
2023 · €271k
Current ratio
2.01▼
2023 · 3.46
Quick ratio
1.98▼
2023 · 3.42
Debt to equity
0.85▲
2023 · 0.38
ROE
47.9%▲
2023 · 28.2%
ROA
25.9%▲
2023 · 20.4%
Interest coverage
17.26▼
2023 · 31.44
Debt ≤ 1 year
€413k▲
2023 · €266k
Debt > 1 year
€5k▼
2023 · €24k
Income taxes
€77k▲
2023 · €68k
Staff costs
€556k▲
2023 · €536k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.04M€909k▼
Fixed assets21/28€123k€82k▼
Intangible fixed assets21€56k€25k▼
Tangible fixed assets22/27€66k€55k▼
Land and buildings22€37k€33k▼
Plant, machinery and equipment23€28k€18k▼
Furniture and vehicles24€659€4k▲
Financial fixed assets28€2k€2k=
Current assets29/58€919k€827k▼
Stocks and contracts in progress3€10k€12k▲
Stocks30/36€10k€12k▲
Amounts receivable within one year40/41€63k€33k▼
Trade receivables40€60k€33k▼
Other amounts receivable41€2k-
Current investments50/53€350k€377k▲
Cash at bank and in hand54/58€497k€395k▼
Deferred charges and accrued income490/1-€11k
Equity and liabilities
Total equity and liabilities10/49€1.04M€909k▼
Equity10/15€753k€491k▼
Contributions10/11€25k€25k=
Reserves13€728k€466k▼
Non-distributable reserves130/1€3k-
Reserves not available under the articles1311€3k-
Distributable reserves133€725k€466k▼
Amounts payable17/49€290k€418k▲
Amounts payable after more than one year17€24k€5k▼
Financial debts170/4€24k€5k▼
Amounts payable within one year42/48€266k€413k▲
Current portion of amounts payable after more than one year42€40k€19k▼
Trade debts44€18k€40k▲
Suppliers440/4€18k€40k▲
Taxes, remuneration and social security45€119k€108k▼
Taxes450/3€40k€25k▼
Remuneration and social security454/9€79k€84k▲
Other amounts payable47/48€89k€246k▲
Income statement
Code20232024
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€536k€556k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€51k▼
Other operating charges640/8€5k€2k▼
Gross operating margin9900€890k€942k▲
Operating profit (loss)9901€291k€333k▲
Financial income75/76B€714€2k▲
Recurring financial income75€714€2k▲
Financial charges65/66B€11k€22k▲
Recurring financial charges65€11k€22k▲
Profit (loss) for the period before taxes9903€281k€313k▲
Income taxes67/77€68k€77k▲
Profit (loss) for the period9904€212k€235k▲
Profit (loss) for the period to be appropriated9905€212k€235k▲
Appropriation of the result
Profit (loss) to be appropriated9906€212k€235k▲
Transfer from equity791/2-€497k
Transfer to equity691/2€212k€235k▲
To other reserves6921€212k€235k▲
Profit to be distributed694/7-€497k
Return on contributions (dividend)694-€497k
Social balance
Average headcount (FTE)90879.910.8▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2k | - |
| Remuneration, social security and pensions62 | - | €408k | €477k | €536k | €556k | ▲ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77k | €57k | €61k | €59k | €51k | ▼ 13.5% |
| Other operating charges640/8 | - | €2k | €2k | €5k | €2k | ▼ 52.3% |
| Gross operating margin9900 | €613k | €687k | €726k | €890k | €942k | ▲ 5.8% |
| Operating profit (loss)9901 | €172k | €219k | €186k | €291k | €333k | ▲ 14.2% |
| Financial income75/76B | - | €264 | €190 | €714 | €2k | ▲ 207% |
| Recurring financial income75 | €344 | €264 | €190 | €714 | €2k | ▲ 207% |
| Financial charges65/66B | - | €16k | €14k | €11k | €22k | ▲ 99.5% |
| Recurring financial charges65 | €9k | €16k | €14k | €11k | €22k | ▲ 99.5% |
| Profit (loss) for the period before taxes9903 | €163k | €203k | €172k | €281k | €313k | ▲ 11.3% |
| Income taxes67/77 | €35k | €47k | €39k | €68k | €77k | ▲ 12.9% |
| Profit (loss) for the period9904 | €128k | €156k | €133k | €212k | €235k | ▲ 10.8% |
| Profit (loss) for the period to be appropriated9905 | €128k | €156k | €133k | €212k | €235k | ▲ 10.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €854k | €974k | €930k | €1.04M | €909k | ▼ 12.8% |
| Fixed assets21/28 | €277k | €220k | €182k | €123k | €82k | ▼ 33.8% |
| Intangible fixed assets21 | €138k | €109k | €87k | €56k | €25k | ▼ 55.9% |
| Tangible fixed assets22/27 | €137k | €109k | €93k | €66k | €55k | ▼ 15.9% |
| Land and buildings22 | - | €45k | €41k | €37k | €33k | ▼ 10.3% |
| Plant, machinery and equipment23 | - | €64k | €51k | €28k | €18k | ▼ 34.8% |
| Furniture and vehicles24 | - | €554 | €1k | €659 | €4k | ▲ 476% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €577k | €755k | €748k | €919k | €827k | ▼ 10.0% |
| Stocks and contracts in progress3 | €11k | €9k | €9k | €10k | €12k | ▲ 24.7% |
| Stocks30/36 | - | €9k | €9k | €10k | €12k | ▲ 24.7% |
| Amounts receivable within one year40/41 | €25k | €39k | €38k | €63k | €33k | ▼ 48.0% |
| Trade receivables40 | - | €38k | €35k | €60k | €33k | ▼ 45.9% |
| Other amounts receivable41 | - | €976 | €4k | €2k | - | - |
| Current investments50/53 | - | - | - | €350k | €377k | ▲ 7.6% |
| Cash at bank and in hand54/58 | €539k | €706k | €699k | €497k | €395k | ▼ 20.4% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | - | €11k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €854k | €974k | €930k | €1.04M | €909k | ▼ 12.8% |
| Equity10/15 | €232k | €389k | €522k | €753k | €491k | ▼ 34.7% |
| Contributions10/11 | - | €6k | €6k | €25k | €25k | = |
| Reserves13 | €226k | €382k | €515k | €728k | €466k | ▼ 35.9% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | - | - |
| Distributable reserves133 | - | €380k | €513k | €725k | €466k | ▼ 35.7% |
| Amounts payable17/49 | €622k | €586k | €408k | €290k | €418k | ▲ 44.2% |
| Amounts payable after more than one year17 | €143k | €97k | €62k | €24k | €5k | ▼ 78.5% |
| Financial debts170/4 | - | €97k | €62k | €24k | €5k | ▼ 78.5% |
| Amounts payable within one year42/48 | €478k | €488k | €346k | €266k | €413k | ▲ 55.1% |
| Current portion of amounts payable after more than one year42 | - | €47k | €52k | €40k | €19k | ▼ 53.6% |
| Trade debts44 | €30k | €42k | €30k | €18k | €40k | ▲ 120% |
| Suppliers440/4 | - | €42k | €30k | €18k | €40k | ▲ 120% |
| Taxes, remuneration and social security45 | - | €62k | €96k | €119k | €108k | ▼ 8.9% |
| Taxes450/3 | - | €23k | €25k | €40k | €25k | ▼ 38.4% |
| Remuneration and social security454/9 | - | €40k | €71k | €79k | €84k | ▲ 6.1% |
| Other amounts payable47/48 | - | €338k | €168k | €89k | €246k | ▲ 177% |
| Accrued charges and deferred income492/3 | - | €875 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €128k | €156k | €133k | €212k | €235k | ▲ 10.8% |
| + Depreciation and write-downs630 | €77k | €57k | €61k | €59k | €51k | ▼ 13.5% |
| Operating cash flow (approximation) | €205k | €213k | €194k | €271k | €286k | ▲ 5.5% |
| Investment in fixed assets (approximation) | - | €0 | €-23k | €0 | €-9k | - |
| Change in cash | - | €166k | €-6k | €-203k | €-101k | ▲ 50.1% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €235k ▲10.8%
Operating result €333k, net result €235k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 66 days late
2022
31-12
Financial
Equity above €500kEq €522k ▲34.2%
5 profitable years in a row build equity to €522k.
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 68 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 94 days late
2020
31-12
Financial
Equity above €200kEq €232k ▲122%
3 profitable years in a row build equity to €232k.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
31-12
Financial
Equity above €100kEq €105k ▲180%
2 profitable years in a row build equity to €105k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Waregem · 1 establishment unit since 2015
Ground area
814 m²
Building footprint
652 m²
Volume, LiDAR
3,216 m³
Parcel 34040C0606/00S008, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Delecta
since 20152.255.137.558
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0606/00S008 | Flanders | 814 m² | 1 · 652 m² | 11.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 894 EUR awarded · 953 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 323 EUR | 323 EUR |
| 2024 | 1 | 233 EUR | 292 EUR |
| 2023 | 1 | 176 EUR | 176 EUR |
| 2022 | 1 | 162 EUR | 162 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaregem2.255.137.558
Legal Entity Identifier
984500EBCAE3A3R39909
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Of 4,225 companies in sector 10712 we hold annual accounts for 1,870. 1,238 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
Founded01-10-2015
Fiscal year end31-12
Trade name NL
DELECTA
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
Scores and ratios are computed by Checked and are not a credit decision.