DELZANDRE LAMBERT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 5 days after the deadline Filed on 5 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00386013.
Annual accounts 2025 filed on 05-08-2026 at the NBB all 19 filings
Turnover
≈ €170,000
Estimated: probably between €100,000 and €230,000
Total assets
€158,112▲ 0.2%
2024 · €157,845
Net result
€5,778▲ 33×
2024 · €175
Working capital
-€12,335▲ 65.9%
2024 · -€36,217
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€13,335
▲ 89.7%
2025
20182025
Net result
€5,778
▲ 33×
2025
middle half of the sector
20182025
Equity
€82,300
▲ 7.6%
2025
middle half of the sector
20182025
Total assets
€158,112
▲ 0.2%
2025
middle half of the sector
20182025
Debt
€75,812
▼ 6.8%
2025
20182025
Working capital
-€12,335
▲ 65.9%
2025
middle half of the sector
20182025
Solvency
52.1%
▲ 3.6pp
2025
middle half of the sector
20182025
Current ratio
0.79
▲ 0.65
2025
middle half of the sector
20182025
Return on assets (ROA)
3.7%
▲ 3.5pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€10,508-€17,474▲ 66.3%€31,495▲ 80.2%€20,486▼ 35.0%€9,266▼ 54.8%€5,684▼ 38.7%€7,029▲ 23.7%€13,335▲ 89.7%
Net result-€5,734-€2,988€18,942within the sector's middle half▲ 534%€6,636within the sector's middle half▼ 65.0%€998within the sector's middle half▼ 85.0%-€788within the sector's middle half€175within the sector's middle half€5,778within the sector's middle half▲ 33×
Equity€47,570-€50,558▲ 6.3%€69,500within the sector's middle half▲ 37.5%€76,137within the sector's middle half▲ 9.5%€77,135within the sector's middle half▲ 1.3%€76,347within the sector's middle half▼ 1.0%€76,522within the sector's middle half▲ 0.2%€82,300within the sector's middle half▲ 7.6%
Total assets€383,490-€334,382▼ 12.8%€280,795within the sector's middle half▼ 16.0%€253,369within the sector's middle half▼ 9.8%€246,146within the sector's middle half▼ 2.9%€204,296within the sector's middle half▼ 17.0%€157,845within the sector's middle half▼ 22.7%€158,112within the sector's middle half▲ 0.2%
Debt€335,920-€283,824▼ 15.5%€211,294▼ 25.6%€177,232▼ 16.1%€169,011▼ 4.6%€127,949▼ 24.3%€81,323▼ 36.4%€75,812▼ 6.8%
Working capital-€36,732--€25,110▲ 31.6%-€11,712within the sector's middle half▲ 53.4%-€15,430within the sector's middle half▼ 31.7%-€39,214within the sector's middle half▼ 154%-€68,595below the sector's middle half▼ 74.9%-€36,217within the sector's middle half▲ 47.2%-€12,335within the sector's middle half▲ 65.9%
Solvency12.4%-15.1%▲ 2.7pp24.8%within the sector's middle half▲ 9.6pp30.0%within the sector's middle half▲ 5.3pp31.3%within the sector's middle half▲ 1.3pp37.4%within the sector's middle half▲ 6.0pp48.5%within the sector's middle half▲ 11.1pp52.1%within the sector's middle half▲ 3.6pp
Current ratio0.54-0.58▲ 0.040.76within the sector's middle half▲ 0.180.75within the sector's middle half▼ 0.010.42below the sector's middle half▼ 0.330.15below the sector's middle half▼ 0.270.15below the sector's middle half=0.79within the sector's middle half▲ 0.65
Return on assets (ROA)-1.5%-0.9%▲ 2.4pp6.7%within the sector's middle half▲ 5.9pp2.6%within the sector's middle half▼ 4.1pp0.4%within the sector's middle half▼ 2.2pp-0.4%within the sector's middle half▼ 0.8pp0.1%within the sector's middle half▲ 0.5pp3.7%within the sector's middle half▲ 3.5pp
above
within
below
The sector band is the middle half of the companies in Crop and animal production, hunting and related service activities (NACE 01). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 90% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158,112
Fixed assets
€111,007 ▼ 26.8%
Current assets
€47,105 ▲ 657%
Equity and liabilities €158,112
Equity
€82,300 ▲ 7.6%
Debt
€75,812 ▼ 6.8%
Debt's share of the balance-sheet total falls from 51.5% to 47.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53,953▲
2024 · €47,648
Cash flow
€46,397▲
2024 · €40,795
Debt to equity
0.92▼
2024 · 1.06
ROE
7.0%▲
2024 · 0.2%
Interest coverage
21.96▲
2024 · 10.22
Debt ≤ 1 year
€59,440▲
2024 · €42,436
Debt > 1 year
€16,372▼
2024 · €38,887
Income taxes
€5,102▲
2024 · €2,193
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €46,819 | €14,628 | - | - |
| Depreciation and write-downs of the year | €35,626 | €37,035 | €40,391 | €40,619 | €40,619 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,389 | €48,276 | €35,822 | €35,626 | €37,035 | €40,391 | €40,619 | €40,619 | = |
| Other operating charges640/8 | - | - | - | €3,569 | €3,632 | €4,100 | €4,161 | €4,347 | ▲ 4.5% |
| Gross operating margin9900 | €66,298 | €69,125 | €71,025 | €59,680 | €49,933 | €50,176 | €51,810 | €58,300 | ▲ 12.5% |
| Operating profit (loss)9901 | €10,508 | €17,474 | €31,495 | €20,486 | €9,266 | €5,684 | €7,029 | €13,335 | ▲ 89.7% |
| Financial income75/76B | - | - | - | €0 | €39 | - | €1 | €3 | ▲ 167% |
| Recurring financial income75 | €0 | €26 | €0 | €0 | €39 | - | €1 | €3 | ▲ 167% |
| Financial charges65/66B | - | - | - | €10,103 | €8,453 | €6,277 | €4,662 | €2,457 | ▼ 47.3% |
| Recurring financial charges65 | €16,297 | €14,335 | €12,373 | €10,103 | €8,453 | €6,277 | €4,662 | €2,457 | ▼ 47.3% |
| Profit (loss) for the period before taxes9903 | -€5,789 | €3,165 | €19,122 | €10,383 | €852 | -€593 | €2,368 | €10,880 | ▲ 359% |
| Income taxes67/77 | -€56 | €177 | €179 | €3,747 | -€146 | €195 | €2,193 | €5,102 | ▲ 133% |
| Profit (loss) for the period9904 | -€5,734 | €2,988 | €18,942 | €6,636 | €998 | -€788 | €175 | €5,778 | ▲ 33× |
| Transfer from tax-exempt reserves789 | - | - | - | - | €3,440 | €3,440 | €3,440 | €3,440 | = |
| Profit (loss) for the period to be appropriated9905 | -€5,734 | €2,988 | €1,742 | €6,636 | €4,438 | €2,652 | €3,615 | €9,218 | ▲ 155% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €383,490 | €334,382 | €280,795 | €253,369 | €246,146 | €204,296 | €157,845 | €158,112 | ▲ 0.2% |
| Fixed assets21/28 | €340,992 | €300,216 | €243,850 | €208,224 | €218,008 | €192,245 | €151,626 | €111,007 | ▼ 26.8% |
| Tangible fixed assets22/27 | €340,992 | €300,216 | €243,850 | €208,224 | €218,008 | €192,245 | €151,626 | €111,007 | ▼ 26.8% |
| Land and buildings22 | - | - | - | €208,224 | €189,147 | €170,137 | €136,270 | €102,404 | ▼ 24.9% |
| Furniture and vehicles24 | - | - | - | - | €28,861 | €22,109 | €15,356 | €8,603 | ▼ 44.0% |
| Current assets29/58 | €42,498 | €34,166 | €36,945 | €45,144 | €28,138 | €12,051 | €6,219 | €47,105 | ▲ 657% |
| Stocks and contracts in progress3 | - | - | - | €4,940 | - | - | - | - | - |
| Stocks30/36 | - | - | - | €4,940 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €11,566 | €19,690 | €25,325 | €24,541 | €10,014 | €5,250 | €4,000 | €23,511 | ▲ 488% |
| Trade receivables40 | - | - | - | €24,407 | €10,014 | €4,720 | €4,000 | €23,405 | ▲ 485% |
| Other amounts receivable41 | - | - | - | €134 | - | €530 | - | €106 | - |
| Cash at bank and in hand54/58 | €30,932 | €14,257 | €9,279 | €12,323 | €17,487 | €6,090 | €1,470 | €23,511 | ▲ 16× |
| Deferred charges and accrued income490/1 | - | - | - | €3,341 | €637 | €711 | €749 | €83 | ▼ 89.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €383,490 | €334,382 | €280,795 | €253,369 | €246,146 | €204,296 | €157,845 | €158,112 | ▲ 0.2% |
| Equity10/15 | €47,570 | €50,558 | €69,500 | €76,137 | €77,135 | €76,347 | €76,522 | €82,300 | ▲ 7.6% |
| Contributions10/11 | €40,000 | €40,000 | - | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €6,500 | €9,000 | €26,200 | €26,200 | €22,760 | €19,320 | €15,880 | €21,658 | ▲ 36.4% |
| Non-distributable reserves130/1 | - | - | - | €4,000 | €4,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €4,000 | €4,000 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €22,200 | €18,760 | €15,320 | €11,880 | €8,440 | ▼ 29.0% |
| Distributable reserves133 | - | - | - | - | - | €4,000 | €4,000 | €13,218 | ▲ 230% |
| Profit (loss) carried forward14 | €1,070 | €1,558 | €3,300 | €9,937 | €14,375 | €17,027 | €20,642 | €20,642 | = |
| Amounts payable17/49 | €335,920 | €283,824 | €211,294 | €177,232 | €169,011 | €127,949 | €81,323 | €75,812 | ▼ 6.8% |
| Amounts payable after more than one year17 | €256,690 | €210,448 | €162,637 | €116,657 | €101,659 | €47,304 | €38,887 | €16,372 | ▼ 57.9% |
| Financial debts170/4 | - | - | - | €116,657 | €101,659 | €47,304 | €38,887 | €16,372 | ▼ 57.9% |
| Amounts payable within one year42/48 | €79,230 | €59,276 | €48,657 | €60,574 | €67,352 | €80,645 | €42,436 | €59,440 | ▲ 40.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €45,980 | €52,512 | €68,356 | €22,417 | €22,515 | ▲ 0.4% |
| Trade debts44 | €11,247 | €1,582 | €218 | €4,875 | €239 | €260 | €631 | €6,417 | ▲ 917% |
| Suppliers440/4 | - | - | - | €4,875 | €239 | €260 | €631 | €6,417 | ▲ 917% |
| Taxes, remuneration and social security45 | - | - | - | €9,671 | €3,420 | €6,350 | €7,850 | €12,970 | ▲ 65.2% |
| Taxes450/3 | - | - | - | €3,671 | €3,420 | €350 | €1,850 | €6,970 | ▲ 277% |
| Remuneration and social security454/9 | - | - | - | €6,000 | €0 | €6,000 | €6,000 | €6,000 | = |
| Other amounts payable47/48 | - | - | - | €48 | €11,180 | €5,680 | €11,538 | €17,538 | ▲ 52.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,734 | €2,988 | €18,942 | €6,636 | €998 | -€788 | €175 | €5,778 | ▲ 33× |
| + Depreciation and write-downs630 | €52,389 | €48,276 | €35,822 | €35,626 | €37,035 | €40,391 | €40,619 | €40,619 | = |
| Operating cash flow (approximation) | €46,655 | €51,264 | €54,764 | €42,262 | €38,033 | €39,603 | €40,795 | €46,397 | ▲ 13.7% |
| Investment in fixed assets (approximation) | - | -€7,500 | €20,545 | €0 | -€46,819 | -€14,628 | €0 | €0 | - |
| Change in cash | - | -€16,676 | -€4,977 | €3,043 | €5,165 | -€11,398 | -€4,620 | €22,041 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 10,904 companies had the same profile as DELZANDRE LAMBERT has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of DELZANDRE LAMBERT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for DELZANDRE LAMBERT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 05-08-2026 | 2026-00386013 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00344597 | |
| 31-12-2023 | micro format | 07-08-2024 | 2024-00332860 | |
| 31-12-2022 | micro format | 18-08-2023 | 2023-00334055 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20341004 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-62700015 | |
| 31-12-2019 | micro format | 24-08-2020 | 2020-44100347 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-42000269 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60400541 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-38400114 |