Active BE 0786.978.816Private limited company

Delvans

Stationsstraat 12 ·8830 Hooglede, Belgium· 4 yrs active

Sector: Non-specialised food retail (47110)

Conclusion Checked

The computed 12-month bankruptcy probability of Delvans is 2.1% (moderate). The 2025 annual accounts show equity of €157k and a net result of €-77k. Equity is shrinking by ~39.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 33% of 472 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€157k
Net result	€-77k
Staff (FTE)	7.7
Better than sector	33%

Snowflake analysis 5 axes · computed by Checked

31 / 100

Fragile profile, watch profitability in particular.

Health 23

Profitability 0

Solvency 8

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

2.1% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2025 · computed

23 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, equity would indicatively turn negative around fiscal year 2027, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	11.4%	21.1%	better than 33% of 472 sector peers
Net result	€-77k	€32k	better than 12% of 470 sector peers
Equity	€157k	€162k	better than 49% of 472 sector peers
Gross operating margin	€321k	€282k	better than 55% of 472 sector peers
Staff costs	€286k	€223k	higher than 59% of 380 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€34k

- +36% vs sector

Net profit

€-77k

+29.0% far below sector median

Cash flow

€13k

- -41% vs sector

Total assets

€1.38M

+6.1% far above sector median

Equity

€157k

-32.9% +132% vs sector

Working capital

€-437k

-47.6% far below sector median

Employees (FTE)

8

+10.0% far above sector median

Staff costs

€286k

+14.5% 23-25

Debt

€1.22M

+14.7% far above sector median

Debt ≤ 1y

€878k

+31.3% far above sector median

Debt > 1y

€346k

-13.2% far above sector median

Current ratio

0.50

-9.9% -59% vs sector

Quick ratio

0.25

+32.4% -78% vs sector

Solvency

11.4%

-36.7% -77% vs sector

Debt / equity

7.78

+70.9% far above sector median

ROE

-49.0%

-5.7% far below sector median

ROA

-5.6%

+33.1% far below sector median

Interest coverage

1.52

- -88% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	-
EBITDA	€34k
Net profit	€-77k
Cash flow	€13k
Staff costs	€286k
Income taxes	-
Dividends	-
Total assets	€1.38M
Equity	€157k
Debt	€1.22M
of which ≤ 1y	€878k
of which > 1y	€346k
Working capital	€-437k
Employees (FTE)	7.7

Ratios (computed)

	2025
Current ratio	0.50
Quick ratio	0.25
Working capital ratio	-31.6%
Solvency	11.4%
Debt / equity	7.78
Long-term debt ratio	2.20
Interest coverage	1.52
Gross margin	-
Net margin	-
ROA	-5.6%
ROE	-49.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €940k · 68.1% Current assets €441k · 31.9%

Equity & liabilities

Equity €157k · 11.4% Debt €1.22M · 88.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.38M
Fixed assets	21/28	€940k
Tangible fixed assets	22/27	€940k
Current assets	29/58	€441k
Stocks & contracts in progress	3	€224k
Amounts receivable within one year	40/41	€113k
Cash & bank	54/58	€97k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.38M
Equity	10/15	€157k
Contributions / capital	10/11	€250k
Accumulated profits (losses)	14	€-93k
Amounts payable	17/49	€1.22M
Amounts payable after one year	17	€346k
Amounts payable within one year	42/48	€878k
Trade debts payable within one year	44	€443k
Income statement
Gross operating margin	9900	€321k
Operating result	9901	€-56k
Financial income	75	€1k
Financial charges	65	€22k
Result before taxes	9903	€-77k
Net result for the period	9904	€-77k
Result to be appropriated	9905	€-77k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Non-specialised food retail(47110)
Legal form	Private limited company(610)
Incorporation	09-06-2022
Status	Active
Postal code	8830

Establishment units 1 location

Delvans

Stationsstraat 12, 8830 HoogledeDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)

since 20222.331.998.081

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36005C0323/00P003	Flanders	1,528 m²	1 · 752 m²	11.0 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

30-04-2026

NBB filing Annual accounts filed

fiscal year 2025 · verkort

2025

25-04-2025

State Gazette act Director changes

01-04-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2024

22-07-2024

State Gazette act Director changes

29-04-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

16-04-2024

State Gazette act Director changes

Belgisch Staatsblad, acts 3 acts

All acts · 3 updated 1 year ago

2025

25-04-2025 1 director appointed, 1 resigning Director changes

BV Mocas-Invest, Bestuurder
Nicolas Dewulf, Bestuurder

Original publication ↗

Technical details

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2024

22-07-2024 Mandate of ANSEEUW Lukas as director expired Director changes

ANSEEUW Lukas, Bestuurder

Original publication ↗

Technical details

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16-04-2024 1 director appointed, 1 resigning Director changes

Nicolas Dewulf, Bestuurder
Victor Vandecappelle, Bestuurder

Original publication ↗

Technical details

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Company registry (CBE) Crossroads Bank

Activities

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)47114

Primary activity highlighted.

Names & trade names

Legal nameNL

Delvans

Registered office

Stationsstraat 12

8830 Hooglede, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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