DELVORA
ActiveSummary
DELVORA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,587 and a net result of -€14,716. Equity is shrinking by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+47
Solvency39▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.18 in 2024; short-term debt: 40.1% and cash: 10.9% of total assets), and 85.6% 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
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 · 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 2025Solvency, return and age of the figures
Solvency
14.4%
Return on assets
-2.5%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€14,716
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 812 sector peers (2025).
NBB · sector comparisonPosition among 812 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-02-2026, 10 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
10 d late
2024
3 d late
2023
114 d late
2022
on the day
2021
3 d early
2020
4 d early
2019
16 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 15 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 3 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€84,587▼ 14.8%
2024 · €99,303
Total assets
€588,328▲ 13.0%
2024 · €520,789
Net result
-€14,716▲ 86.1%
2024 · -€105,682
Working capital
€8,882▼ 60.7%
2024 · €22,584
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€52,437€55,333▲ 5.5%€32,644▼ 41.0%-€95,131€2,526
Net result€48,347within the sector's middle half€37,411within the sector's middle half▼ 22.6%€21,166within the sector's middle half▼ 43.4%-€105,682below the sector's middle half-€14,716below the sector's middle half▲ 86.1%
Equity€203,408within the sector's middle half▲ 31.2%€218,819within the sector's middle half▲ 7.6%€204,985within the sector's middle half▼ 6.3%€99,303below the sector's middle half▼ 51.6%€84,587within the sector's middle half▼ 14.8%
Total assets€302,079below the sector's middle half▲ 34.2%€306,021below the sector's middle half▲ 1.3%€303,179below the sector's middle half▼ 0.9%€520,789below the sector's middle half▲ 71.8%€588,328within the sector's middle half▲ 13.0%
Debt€98,671▲ 40.8%€87,202▼ 11.6%€98,194▲ 12.6%€421,486▲ 329%€503,741▲ 19.5%
Working capital€171,591within the sector's middle half▲ 40.3%€190,108within the sector's middle half▲ 10.8%€180,553within the sector's middle half▼ 5.0%€22,584within the sector's middle half▼ 87.5%€8,882within the sector's middle half▼ 60.7%
Solvency67.3%above the sector's middle half▼ 1.5pp71.5%above the sector's middle half▲ 4.2pp67.6%above the sector's middle half▼ 3.9pp19.1%within the sector's middle half▼ 48.5pp14.4%below the sector's middle half▼ 4.7pp
Current ratio4.80above the sector's middle half▲ 1.394.90above the sector's middle half▲ 0.103.44above the sector's middle half▼ 1.461.18within the sector's middle half▼ 2.261.04within the sector's middle half▼ 0.15
Return on assets (ROA)16.0%above the sector's middle half▲ 32.2pp12.2%above the sector's middle half▼ 3.8pp7.0%within the sector's middle half▼ 5.2pp-20.3%below the sector's middle half▼ 27.3pp-2.5%below the sector's middle half▲ 17.8pp
Staff (FTE)4.7within the sector's middle half▼ 14.5%5within the sector's middle half▲ 6.4%5.8within the sector's middle half▲ 16.0%6.7within the sector's middle half▲ 15.5%6within the sector's middle half▼ 10.4%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,526 after a loss of €95,131 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €588,328
Fixed assets
€343,239 ▼ 8.7%
Current assets
€245,089 ▲ 69.4%
Equity and liabilities €588,328
Equity
€84,587 ▼ 14.8%
Debt
€503,741 ▲ 19.5%
Debt's share of the balance-sheet total rises from 80.9% to 85.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€66,192▲
2024 · -€45,348
Cash flow
€48,950▲
2024 · -€55,899
Quick ratio
0.77▼
2024 · 0.82
Debt to equity
5.96▲
2024 · 4.24
ROE
-17.4%▲
2024 · -106.4%
Interest coverage
3.75▲
2024 · -4.07
Debt ≤ 1 year
€236,207▲
2024 · €122,115
Debt > 1 year
€267,534▼
2024 · €299,371
Income taxes
€41
Staff costs
€259,174▲
2024 · €248,501
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.5%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,450 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €179,398 | €202,420 | €248,501 | €259,174 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,412 | €24,701 | €21,281 | €49,783 | €63,666 | ▲ 27.9% |
| Other operating charges640/8 | - | €869 | €321 | €1,420 | €5,635 | ▲ 297% |
| Gross operating margin9900 | €237,196 | €260,301 | €256,666 | €204,573 | €331,001 | ▲ 61.8% |
| Operating profit (loss)9901 | €52,437 | €55,333 | €32,644 | -€95,131 | €2,526 | ▲ 103% |
| Financial income75/76B | - | €411 | €364 | €579 | €460 | ▼ 20.6% |
| Recurring financial income75 | €1 | €411 | €364 | €579 | €460 | ▼ 20.6% |
| Financial charges65/66B | - | €3,132 | €1,955 | €11,130 | €17,661 | ▲ 58.7% |
| Recurring financial charges65 | €1,884 | €3,132 | €1,955 | €11,130 | €17,661 | ▲ 58.7% |
| Profit (loss) for the period before taxes9903 | €50,554 | €52,612 | €31,053 | -€105,682 | -€14,675 | ▲ 86.1% |
| Income taxes67/77 | €2,207 | €15,201 | €9,887 | - | €41 | - |
| Profit (loss) for the period9904 | €48,347 | €37,411 | €21,166 | -€105,682 | -€14,716 | ▲ 86.1% |
| Profit (loss) for the period to be appropriated9905 | €48,347 | €37,411 | €21,166 | -€105,682 | -€14,716 | ▲ 86.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €302,079 | €306,021 | €303,179 | €520,789 | €588,328 | ▲ 13.0% |
| Fixed assets21/28 | €85,288 | €67,121 | €48,642 | €376,090 | €343,239 | ▼ 8.7% |
| Tangible fixed assets22/27 | €85,288 | €67,121 | €48,642 | €374,714 | €341,547 | ▼ 8.9% |
| Plant, machinery and equipment23 | - | €62,398 | €44,037 | €49,301 | €30,324 | ▼ 38.5% |
| Furniture and vehicles24 | - | €4,723 | €4,605 | €6,444 | €25,597 | ▲ 297% |
| Other tangible fixed assets26 | - | - | - | €318,969 | €285,626 | ▼ 10.5% |
| Financial fixed assets28 | - | - | - | €1,376 | €1,692 | ▲ 23.0% |
| Current assets29/58 | €216,791 | €238,900 | €254,537 | €144,699 | €245,089 | ▲ 69.4% |
| Stocks and contracts in progress3 | €48,023 | €52,870 | €47,149 | €44,753 | €64,110 | ▲ 43.3% |
| Stocks30/36 | - | €52,870 | €47,149 | €44,753 | €64,110 | ▲ 43.3% |
| Amounts receivable within one year40/41 | €39,413 | €33,002 | €78,330 | €43,022 | €110,644 | ▲ 157% |
| Trade receivables40 | - | €26,270 | €69,829 | €39,972 | €82,258 | ▲ 106% |
| Other amounts receivable41 | - | €6,732 | €8,501 | €3,050 | €28,386 | ▲ 831% |
| Cash at bank and in hand54/58 | €126,453 | €144,049 | €121,335 | €51,135 | €64,036 | ▲ 25.2% |
| Deferred charges and accrued income490/1 | - | €8,979 | €7,723 | €5,789 | €6,299 | ▲ 8.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €302,079 | €306,021 | €303,179 | €520,789 | €588,328 | ▲ 13.0% |
| Equity10/15 | €203,408 | €218,819 | €204,985 | €99,303 | €84,587 | ▼ 14.8% |
| Contributions10/11 | €20,000 | - | - | €20,000 | €20,000 | = |
| Revaluation surpluses12 | - | €20,000 | €20,000 | - | - | - |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €181,408 | €196,819 | €182,985 | €77,303 | €62,587 | ▼ 19.0% |
| Amounts payable17/49 | €98,671 | €87,202 | €98,194 | €421,486 | €503,741 | ▲ 19.5% |
| Amounts payable after more than one year17 | €53,471 | €38,410 | €24,210 | €299,371 | €267,534 | ▼ 10.6% |
| Financial debts170/4 | - | €38,410 | €24,210 | €299,371 | €267,534 | ▼ 10.6% |
| Amounts payable within one year42/48 | €45,200 | €48,792 | €73,984 | €122,115 | €236,207 | ▲ 93.4% |
| Current portion of amounts payable after more than one year42 | - | €15,040 | €14,179 | €53,595 | €133,065 | ▲ 148% |
| Trade debts44 | €17,620 | €11,996 | €42,147 | €18,340 | €65,247 | ▲ 256% |
| Suppliers440/4 | - | €11,996 | €42,147 | €18,340 | €65,247 | ▲ 256% |
| Taxes, remuneration and social security45 | - | €21,756 | €17,062 | €32,180 | €19,895 | ▼ 38.2% |
| Taxes450/3 | - | €15,201 | €9,887 | €12,725 | €3,633 | ▼ 71.4% |
| Remuneration and social security454/9 | - | €6,555 | €7,175 | €19,455 | €16,262 | ▼ 16.4% |
| Other amounts payable47/48 | - | - | €596 | €18,000 | €18,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,347 | €37,411 | €21,166 | -€105,682 | -€14,716 | ▲ 86.1% |
| + Depreciation and write-downs630 | €23,412 | €24,701 | €21,281 | €49,783 | €63,666 | ▲ 27.9% |
| Operating cash flow (approximation) | €71,759 | €62,112 | €42,447 | -€55,899 | €48,950 | ▲ 188% |
| Investment in fixed assets (approximation) | - | -€6,534 | -€2,802 | -€377,231 | -€30,815 | ▲ 91.8% |
| Change in cash | - | €17,596 | -€22,714 | -€70,200 | €12,901 | ▲ 118% |
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
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2024
30-06
Financial
Weakest financial yearnet -€105,682
Net result drops to -€105,682, the lowest in the series; recovery starts the following year.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 114 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €48,347
Net result €48,347 after one loss-making year.
30-06
Financial
Equity above €200,000Eq €203,408 ▲31.2%
Equity rises from €155,061 to €203,408.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Rotselaar · 1 establishment unit since 2001
Ground area
1,174 m²
Building footprint
847 m²
Volume, LiDAR
4,395 m³
Parcel 24121F0283/00G003, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DELVORA
since 20012.095.284.627
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24121F0283/00G003 | Flanders | 1,174 m² | 1 · 847 m² | 9.7 m · 2 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
1 ownerChain of control
- ALEX WONKA
- DELVORA
Highest known parent: ALEX WONKA. The sources do not say who stands above it.
Owners 1
-
99.5%
Holdings 0
The accounts to 30-06-2025 list no holdings, and no other source names one.
According to the annual accounts to 30-06-2025 of DELVORA 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
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteRotselaar2.095.284.627
Dual-learning approval
2 live approvals · 3 endedChocoladebewerker (vwo)
Chocolatier duaal (so)
Show 3 ended approvals
Chocoladebewerker (so)
Chocoladebewerker (vwo)
Chocolatier duaal (so)
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Of 728 companies in this sector we hold annual accounts for 355. 231 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded14-09-2001
Fiscal year end30-06
Activities, NACEBEL 2025
10820Manufacture of cocoa, chocolate and sugar confectionery
47241Retail sale of bread and pastry (bakery outlets)
46360Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475652762
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.