DELVAUX
ActiveDELVAUX has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-6k) and a net result of €-8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-54
Solvency19▼-8
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.82 in 2024; short-term debt: 105.8% and cash: 17% of total assets), and equity is negative.
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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-5.8%
Return on assets
-8.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-6k
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
115 d early
2023
9 d early
2022
28 d late
2021
5 d early
2020
54 d early
2019
31 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-6k
2024 · €3k
2018: €-4k
2019: €12k
2020: €14k
2021: €14k
2022: €20k
2023: €2k
2024: €3k
2018 → 2025
Total assets
€101k▼ 19.1%
2024 · €125k
2018: €133k
2019: €128k
2020: €195k
2021: €182k
2022: €186k
2023: €147k
2024: €125k
2018 → 2025
Net result
€-8k
2024 · €906
2018: €10k
2019: €16k
2020: €4k
2021: €451
2022: €5k
2023: €-18k
2024: €906
2018 → 2025
Working capital
€-27k▼ 25.1%
2024 · €-22k
2018: €82k
2019: €-488
2020: €3k
2021: €-2k
2022: €-7k
2023: €-24k
2024: €-22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€20k▲ 37.0%€2k▼ 91.3%€3k▲ 53.4%€-6k
Operating result€7k-€8k▲ 10.5%€-14k€3k€-6k
Net result€451-€5k▲ 1,072%€-18k€906€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€21k▼ 15.9%
Current assets
€80k▼ 19.9%
Key figures and ratios
EBITDA
€-872▼
2024 · €8k
Cash flow
€-3k▼
2024 · €6k
Solvency
-5.8%▼
2024 · 2.1%
Current ratio
0.75▼
2024 · 0.82
Quick ratio
0.44▲
2024 · 0.35
Debt / equity
-18.32▼
2024 · 47.05
ROA
-8.3%▼
2024 · 0.7%
Interest coverage
-0.40▼
2024 · 5.06
Debt
€107k▼
2024 · €122k
Debt ≤ 1 year
€107k▼
2024 · €121k
Income taxes
€140▼
2024 · €202
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€125k€101k▼
Fixed assets21/28€25k€21k▼
Tangible fixed assets22/27€25k€21k▼
Plant, machinery and equipment23€208-
Furniture and vehicles24-€1k
Other tangible fixed assets26€24k€20k▼
Financial fixed assets28€901€491▼
Current assets29/58€100k€80k▼
Stocks and contracts in progress3€57k€33k▼
Stocks30/36€57k€33k▼
Amounts receivable within one year40/41€34k€30k▼
Trade receivables40€29k€28k▼
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€8k€17k▲
Deferred charges and accrued income490/1€1k€125▼
Equity and liabilities
Total equity and liabilities10/49€125k€101k▼
Equity10/15€3k€-6k▼
Contributions10/11€31k€31k=
Profit (loss) carried forward14€-28k€-37k▼
Amounts payable17/49€122k€107k▼
Amounts payable within one year42/48€121k€107k▼
Current portion of amounts payable after more than one year42€4k-
Trade debts44€12k€4k▼
Suppliers440/4€12k€4k▼
Taxes, remuneration and social security45€3k€134▼
Taxes450/3€2k€134▼
Remuneration and social security454/9€1k-
Other amounts payable47/48€101k€103k▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Non-recurring operating income76A€9k€960▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€11k€2k▼
Operating profit (loss)9901€3k€-6k▼
Financial income75/76B€99€138▲
Recurring financial income75€99€138▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€1k€-8k▼
Income taxes67/77€202€140▼
Profit (loss) for the period9904€906€-8k▼
Profit (loss) for the period to be appropriated9905€906€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-37k▼
Profit (loss) brought forward from the previous period14P€-29k€-28k▲
The notes to these accounts (9 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €906
Net result €906 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-18k ▼438%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €16k ▲63%
Operating result €22k, net result €16k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hasselt · 2 establishment units since 2006
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.
Havermarkt 303500 HasseltGround area
721 m²
Building footprint
721 m²
Volume, LiDAR
7,372 m³
3 parcels, Flanders · tallest building 19.2 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Delvaux
since 20062.151.493.058
Delvaux
since 20202.301.484.356
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0933/00N002 | Flanders | 474 m² | 1 · 475 m² | 19.2 m · 4 fl. |
| 71022H1013/00T000 | Flanders | 129 m² | 1 · 129 m² | 16.8 m · 5 fl. |
| 71022H1115/00F000 | Flanders | 117 m² | 1 · 117 m² | 11.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
BIL
BE 0822.925.828
Schaarbeek · Eq €2k
ASMO
BE 0838.716.339
Antwerpen · Eq €3k
LE MILLE PATTES
BE 0425.975.401
Wavre · Eq €2k
MARCHICO
BE 0808.986.433
Lummen · Eq €2k
MADAME GUL
BE 0718.593.915
Schaarbeek · Eq €3k
Of 1,034 companies in sector 47721 we hold annual accounts for 582. 132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-08-1985
Fiscal year end31-12
Activities, NACEBEL
47721Retail sale of footwear
47722Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.