DELVER
ActiveSummary
DELVER has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.6m and a net result of €381,343. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-2
Solvency98▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.2 in 2024; short-term debt: 5.6% and cash: 0.3% of total assets), and 27.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
72.6%
Return on assets
2.9%
Age of the figures
9 mo
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 11-03-2026, 142 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
142 d early
2024
149 d early
2023
108 d early
2022
147 d early
2021
96 d early
2020
145 d early
2019
93 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 126 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#2 company by equity in Hamme, Professional and technical services sector#2 oldest company in Hamme, Professional and technical services sector#3 company by total assets in Hamme, Professional and technical services sector
Equity
€9.6m▲ 4.1%
2024 · €9.2m
Total assets
€13.2m=
2024 · €13.2m
Net result
€381,343▲ 4.9%
2024 · €363,554
Working capital
€5,605▼ 94.6%
2024 · €104,751
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
Line20212022202320242025
Operating result-€75,910▲ 37.7%€97,322€84,255▼ 13.4%€74,711▼ 11.3%€87,738▲ 17.4%
Net result€1.4m€555,145▼ 59.4%€440,050▼ 20.7%€363,554▼ 17.4%€381,343▲ 4.9%
Equity€7.9m▲ 21.0%€8.4m▲ 7.0%€8.9m▲ 5.2%€9.2m▲ 4.1%€9.6m▲ 4.1%
Total assets€13.5m▲ 14.3%€13.6m▲ 0.5%€13.3m▼ 2.3%€13.2m▼ 0.4%€13.2m=
Debt€5.5m▲ 6.4%€5.0m▼ 8.9%€4.2m▼ 15.1%€3.8m▼ 9.5%€3.5m▼ 9.6%
Working capital-€523,862-€139,483▲ 73.4%-€55,342▲ 60.3%€104,751€5,605▼ 94.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.2m
Fixed assets
€12.5m ▼ 0.9%
Current assets
€745,771 ▲ 19.9%
Equity and liabilities €13.2m
Equity
€9.6m ▲ 4.1%
Provisions
€171,773 ▼ 4.6%
Debt
€3.5m ▼ 9.6%
Debt's share of the balance-sheet total falls from 28.9% to 26.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€206,543▲
2024 · €193,837
Cash flow
€500,147▲
2024 · €482,680
Current ratio
1.01▼
2024 · 1.20
Debt to equity
0.36▼
2024 · 0.41
ROE
4.0%▲
2024 · 3.9%
ROA
2.9%▲
2024 · 2.7%
Interest coverage
2.70▼
2024 · 3.00
Debt ≤ 1 year
€740,166▲
2024 · €517,217
Debt > 1 year
€2.7m▼
2024 · €3.3m
Income taxes
€41,759▲
2024 · €39,878
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €11,924 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €107,627 | €122,695 | €119,195 | €119,127 | €118,804 | ▼ 0.3% |
| Other operating charges640/8 | €17,887 | €21,797 | €23,860 | €23,721 | €26,503 | ▲ 11.7% |
| Gross operating margin9900 | €49,604 | €241,814 | €227,309 | €217,559 | €233,046 | ▲ 7.1% |
| Operating profit (loss)9901 | -€75,910 | €97,322 | €84,255 | €74,711 | €87,738 | ▲ 17.4% |
| Financial income75/76B | €1.6m | €553,846 | €456,567 | €385,216 | €403,795 | ▲ 4.8% |
| Recurring financial income75 | €1.6m | €553,846 | €456,567 | €385,216 | €403,795 | ▲ 4.8% |
| Financial charges65/66B | €68,877 | €46,294 | €62,777 | €64,684 | €76,621 | ▲ 18.5% |
| Recurring financial charges65 | €68,877 | €46,294 | €62,777 | €64,684 | €76,621 | ▲ 18.5% |
| Profit (loss) for the period before taxes9903 | €1.4m | €604,874 | €478,045 | €395,242 | €414,912 | ▲ 5.0% |
| Transfer from deferred taxes780 | €8,190 | €8,190 | €8,190 | €8,190 | €8,190 | = |
| Income taxes67/77 | €82,154 | €57,919 | €46,185 | €39,878 | €41,759 | ▲ 4.7% |
| Profit (loss) for the period9904 | €1.4m | €555,145 | €440,050 | €363,554 | €381,343 | ▲ 4.9% |
| Transfer from tax-exempt reserves789 | €20,051 | €20,051 | €20,051 | €20,051 | €20,051 | = |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €575,195 | €460,101 | €383,604 | €401,394 | ▲ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.5m | €13.6m | €13.3m | €13.2m | €13.2m | = |
| Fixed assets21/28 | €13.0m | €12.9m | €12.7m | €12.6m | €12.5m | ▼ 0.9% |
| Tangible fixed assets22/27 | €3.5m | €3.3m | €3.2m | €3.1m | €3.0m | ▼ 3.9% |
| Land and buildings22 | €3.4m | €3.3m | €3.2m | €3.1m | €3.0m | ▼ 3.8% |
| Furniture and vehicles24 | €31,601 | €965 | €1,441 | €686 | €253 | ▼ 63.2% |
| Financial fixed assets28 | €9.5m | €9.5m | €9.5m | €9.5m | €9.5m | = |
| Current assets29/58 | €538,938 | €752,465 | €550,751 | €621,968 | €745,771 | ▲ 19.9% |
| Amounts receivable within one year40/41 | €50,240 | €5,902 | €1,402 | €342,072 | €105,000 | ▼ 69.3% |
| Trade receivables40 | €12,500 | - | - | €14,347 | - | - |
| Other amounts receivable41 | €37,740 | €5,902 | €1,402 | €327,726 | €105,000 | ▼ 68.0% |
| Current investments50/53 | €245,900 | €245,900 | €245,900 | €245,900 | €595,900 | ▲ 142% |
| Cash at bank and in hand54/58 | €240,661 | €500,663 | €303,449 | €33,995 | €44,871 | ▲ 32.0% |
| Deferred charges and accrued income490/1 | €2,137 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.5m | €13.6m | €13.3m | €13.2m | €13.2m | = |
| Equity10/15 | €7.9m | €8.4m | €8.9m | €9.2m | €9.6m | ▲ 4.1% |
| Contributions10/11 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Capital10 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Issued capital100 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Revaluation surpluses12 | €2,220 | €2,220 | €2,220 | €2,220 | €2,220 | = |
| Reserves13 | €5.3m | €5.9m | €6.3m | €6.7m | €7.1m | ▲ 5.7% |
| Non-distributable reserves130/1 | €24,113 | €24,113 | €24,113 | €24,113 | €24,113 | = |
| Legal reserve130 | €24,113 | €24,113 | €24,113 | €24,113 | €24,113 | = |
| Tax-exempt reserves132 | €500,744 | €480,693 | €460,643 | €440,592 | €420,542 | ▼ 4.6% |
| Distributable reserves133 | €4.8m | €5.4m | €5.9m | €6.2m | €6.6m | ▲ 6.4% |
| Profit (loss) carried forward14 | €928 | €1,123 | €1,224 | €1,828 | €2,222 | ▲ 21.5% |
| Provisions and deferred taxes16 | €206,531 | €198,342 | €188,152 | €179,962 | €171,773 | ▼ 4.6% |
| Provisions for liabilities and charges160/5 | €2,002 | €2,002 | €2 | €2 | €2 | = |
| Taxes161 | €2,002 | €2,002 | €2 | €2 | €2 | = |
| Deferred taxes168 | €204,529 | €196,340 | €188,150 | €179,960 | €171,771 | ▼ 4.6% |
| Amounts payable17/49 | €5.5m | €5.0m | €4.2m | €3.8m | €3.5m | ▼ 9.6% |
| Amounts payable after more than one year17 | €4.4m | €4.1m | €3.6m | €3.3m | €2.7m | ▼ 17.9% |
| Financial debts170/4 | €4.4m | €4.1m | €3.6m | €3.3m | €2.7m | ▼ 17.9% |
| Amounts payable within one year42/48 | €1.1m | €891,948 | €606,093 | €517,217 | €740,166 | ▲ 43.1% |
| Current portion of amounts payable after more than one year42 | €312,117 | €312,858 | €313,616 | €314,398 | €391,132 | ▲ 24.4% |
| Trade debts44 | €4,926 | €653 | €818 | €16,135 | €416 | ▼ 97.4% |
| Suppliers440/4 | €4,926 | €653 | €818 | €16,135 | €416 | ▼ 97.4% |
| Taxes, remuneration and social security45 | €95,745 | €143,175 | €107,082 | €41,820 | €44,993 | ▲ 7.6% |
| Taxes450/3 | €86,177 | €143,175 | €107,082 | €41,820 | €44,993 | ▲ 7.6% |
| Remuneration and social security454/9 | €9,568 | - | - | - | - | - |
| Other amounts payable47/48 | €650,011 | €435,262 | €184,578 | €144,865 | €303,626 | ▲ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €555,145 | €440,050 | €363,554 | €381,343 | ▲ 4.9% |
| + Depreciation and write-downs630 | €107,627 | €122,695 | €119,195 | €119,127 | €118,804 | ▼ 0.3% |
| Operating cash flow (approximation) | €1.5m | €677,839 | €559,245 | €482,680 | €500,147 | ▲ 3.6% |
| Investment in fixed assets (approximation) | - | €27,600 | -€1,299 | €0 | €29 | - |
| Change in cash | - | €260,003 | -€197,214 | -€269,454 | €10,876 | ▲ 104% |
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
Next filing, fiscal year 2026, expected by
2026
25-03
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1.4m
Net result €1.4m after one loss-making year.
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€156,930
Net result drops to -€156,930, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €495,792
Net result €495,792 after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Hamme (Vl.) · 1 establishment unit since 1985
Ground area
613 m²
Building footprint
198 m²
Volume, LiDAR
2,167 m³
Parcel 42452B0962/00W002, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Geemstraat 4, 9220 Hamme (Vl.)
since 19852.026.926.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452B0962/00W002 | Flanders | 613 m² | 1 · 198 m² | 15.0 m · 4 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
11%
According to the 2025 annual accounts of DELVER and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 7,039 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-04-1985
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427313308
Also
9925:BE0427313308
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.