DELVANIN
ActiveSummary
DELVANIN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €119,421 and a net result of -€22,804. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▼-22
Solvency62▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.88 in 2023; short-term debt: 14% and cash: 1.2% of total assets), and 63.4% 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
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
36.6%
Return on assets
-7%
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 -€22,804
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
29 d late
2022
70 d late
2021
75 d late
2020
43 d early
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 46 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€119,421▼ 16.0%
2023 · €142,226
Total assets
€326,480▼ 7.4%
2023 · €352,502
Net result
-€22,804▼ 405%
2023 · -€4,518
Working capital
-€24,730▼ 510%
2023 · -€4,051
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,281▼ 122%-€9,780▼ 663%-€15,925▼ 62.8%€2,524€14,882▲ 490%
Net result€11▼ 93.8%-€11,179-€16,911▼ 51.3%-€4,518▲ 73.3%-€22,804▼ 405%
Equity€111,810=€100,631▼ 10.0%€146,744▲ 45.8%€142,226▼ 3.1%€119,421▼ 16.0%
Total assets€125,646▼ 5.6%€129,209▲ 2.8%€361,554▲ 180%€352,502▼ 2.5%€326,480▼ 7.4%
Debt€13,836▼ 35.2%€28,578▲ 107%€214,810▲ 652%€210,276▼ 2.1%€207,059▼ 1.5%
Working capital€16,937▲ 19.7%-€67-€189,195▼ 282,408%-€4,051▲ 97.9%-€24,730▼ 510%
Turnover and EBIT margin not published: the micro 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 490% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €326,480
Fixed assets
€305,545 ▼ 5.7%
Current assets
€20,935 ▼ 26.8%
Equity and liabilities €326,480
Equity
€119,421 ▼ 16.0%
Debt
€207,059 ▼ 1.5%
Debt's share of the balance-sheet total rises from 59.7% to 63.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€33,238▲
2023 · €20,880
Cash flow
-€4,448▼
2023 · €13,838
Current ratio
0.46▼
2023 · 0.88
Debt to equity
1.73▲
2023 · 1.48
ROE
-19.1%▼
2023 · -3.2%
ROA
-7.0%▼
2023 · -1.3%
Interest coverage
0.89▼
2023 · 2.67
Debt ≤ 1 year
€45,665▲
2023 · €32,652
Debt > 1 year
€161,394▼
2023 · €175,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 12,304 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,131 | €12,727 | €16,371 | €18,356 | €18,356 | = |
| Other operating charges640/8 | - | €8,008 | €11,845 | €12,192 | €12,672 | ▲ 3.9% |
| Gross operating margin9900 | €18,511 | €10,955 | €12,291 | €33,072 | €45,910 | ▲ 38.8% |
| Operating profit (loss)9901 | -€1,281 | -€9,780 | -€15,925 | €2,524 | €14,882 | ▲ 490% |
| Financial income75/76B | - | €0 | €0 | €771 | - | - |
| Recurring financial income75 | €2,086 | €0 | €0 | €771 | - | - |
| Financial charges65/66B | - | €1,381 | €986 | €7,813 | €37,687 | ▲ 382% |
| Recurring financial charges65 | €754 | €1,381 | €986 | €7,813 | €37,254 | ▲ 377% |
| Non-recurring financial charges66B | - | - | - | - | €433 | - |
| Profit (loss) for the period before taxes9903 | €50 | -€11,161 | -€16,911 | -€4,518 | -€22,804 | ▼ 405% |
| Income taxes67/77 | €39 | €18 | €0 | - | - | - |
| Profit (loss) for the period9904 | €11 | -€11,179 | -€16,911 | -€4,518 | -€22,804 | ▼ 405% |
| Profit (loss) for the period to be appropriated9905 | €11 | -€11,179 | -€16,911 | -€4,518 | -€22,804 | ▼ 405% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125,646 | €129,209 | €361,554 | €352,502 | €326,480 | ▼ 7.4% |
| Fixed assets21/28 | €102,016 | €104,081 | €337,257 | €323,901 | €305,545 | ▼ 5.7% |
| Tangible fixed assets22/27 | €102,016 | €104,081 | €337,257 | €323,901 | €305,545 | ▼ 5.7% |
| Land and buildings22 | - | €104,081 | €337,257 | €319,901 | €302,545 | ▼ 5.4% |
| Furniture and vehicles24 | - | - | - | €4,000 | €3,000 | ▼ 25.0% |
| Current assets29/58 | €23,630 | €25,128 | €24,297 | €28,601 | €20,935 | ▼ 26.8% |
| Amounts receivable within one year40/41 | €21,765 | €22,708 | €32 | - | - | - |
| Trade receivables40 | - | €22,676 | €0 | - | - | - |
| Other amounts receivable41 | - | €32 | €32 | - | - | - |
| Cash at bank and in hand54/58 | - | €1,512 | €6,427 | €11,481 | €3,815 | ▼ 66.8% |
| Deferred charges and accrued income490/1 | - | €908 | €17,838 | €17,120 | €17,120 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125,646 | €129,209 | €361,554 | €352,502 | €326,480 | ▼ 7.4% |
| Equity10/15 | €111,810 | €100,631 | €146,744 | €142,226 | €119,421 | ▼ 16.0% |
| Contributions10/11 | €172,150 | €172,150 | €235,174 | €235,174 | €235,174 | = |
| Capital10 | - | €172,150 | €235,174 | €235,174 | €235,174 | = |
| Issued capital100 | - | €172,150 | €235,174 | €235,174 | €235,174 | = |
| Reserves13 | €1,323 | €1,323 | €1,323 | €1,323 | €1,323 | = |
| Non-distributable reserves130/1 | - | €1,323 | €1,323 | €1,323 | €1,323 | = |
| Legal reserve130 | - | €1,323 | €1,323 | €1,323 | €1,323 | = |
| Profit (loss) carried forward14 | -€61,663 | -€72,842 | -€89,753 | -€94,271 | -€117,075 | ▼ 24.2% |
| Amounts payable17/49 | €13,836 | €28,578 | €214,810 | €210,276 | €207,059 | ▼ 1.5% |
| Amounts payable after more than one year17 | €6,598 | €3,048 | €0 | €175,000 | €161,394 | ▼ 7.8% |
| Financial debts170/4 | - | €3,048 | €0 | €175,000 | €161,394 | ▼ 7.8% |
| Amounts payable within one year42/48 | €6,693 | €25,195 | €213,493 | €32,652 | €45,665 | ▲ 39.9% |
| Current portion of amounts payable after more than one year42 | - | €3,550 | €3,048 | - | €12,579 | - |
| Financial debts43 | - | - | €175,000 | - | - | - |
| Credit institutions430/8 | - | - | €175,000 | - | - | - |
| Trade debts44 | €2,399 | €752 | €3,189 | €3,889 | €4,322 | ▲ 11.1% |
| Suppliers440/4 | - | €752 | €3,189 | €3,889 | €4,322 | ▲ 11.1% |
| Taxes, remuneration and social security45 | - | €806 | €806 | €7 | €7 | = |
| Taxes450/3 | - | €39 | €39 | €7 | €7 | = |
| Remuneration and social security454/9 | - | €767 | €767 | - | - | - |
| Other amounts payable47/48 | - | €20,086 | €31,450 | €28,756 | €28,756 | = |
| Accrued charges and deferred income492/3 | - | €335 | €1,318 | €2,624 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11 | -€11,179 | -€16,911 | -€4,518 | -€22,804 | ▼ 405% |
| + Depreciation and write-downs630 | €11,131 | €12,727 | €16,371 | €18,356 | €18,356 | = |
| Operating cash flow (approximation) | €11,142 | €1,548 | -€540 | €13,838 | -€4,448 | ▼ 132% |
| Investment in fixed assets (approximation) | - | -€14,792 | -€249,546 | -€5,000 | €0 | ▲ 100% |
| Change in cash | - | - | €4,915 | €5,054 | -€7,666 | ▼ 252% |
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
14-08
State Gazette act
Resignations & appointmentsCourt decision1 fact ▸
State Gazette act
Resignations & appointments
Court decision1 fact ▸
- Court decision, 25-06-2026
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Weakest financial yearnet -€22,804
Net result drops to -€22,804, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €180
Net result €180 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1992
Ground area
354 m²
Building footprint
308 m²
Volume, LiDAR
4,781 m³
2 parcels, Flanders · tallest building 29.4 m, ±9 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Grotenhof 7, 2640 Mortsel
since 19922.057.451.360
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0238/00V002 | Flanders | 203 m² | 1 · 171 m² | 29.4 m · 9 fl. |
| 11512B0078/00R003 | Flanders | 151 m² | 1 · 137 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded30-03-1992
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447005001
Also
9925:BE0447005001
Registered
27-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.