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DOLFIN

Active
Public limited companyfounded 1989active for 37 yearsAvenue Robert Schuman 172, 1401 Nivelles, BelgiumKBO/BCE: BE 0437.332.220
Summary

DOLFIN has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.0m and a net result of €257,819. Equity is growing by about 5.3% per year across the filed financial years. Its solvency ranks better than 48% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
DOLFINActiveChecked score 89/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of cocoa, chocolate and sugar confectionery
NACE 10820
6th largest company by total assets in Walloon Brabant, Food products sector1 site
Size
€8.0mtotal assets 2025
Staff
33.2 FTE
Equity
€3.0m
Profit
€257,819
Financial health
89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
GENERAL CHOCOLATES COMPANY · 94.97%
Holdings
1
  • Bernard de GrubenDirector
  • General Chocolates CompanyManaging director · permanent representative de Gruben Jean-Jacques
  • YA-K ConsultingDirector
2025 accounts 11 days early1 of 4 deeds summarised
Why 89raises riskSector: Manufacture of food products (NACE 10)lowers riskFounded in 1989Legal form: public limited companySize: 33.2 FTE, total assets €8.0mShow the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 54% of its sector peers (NACE 10, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 63-2
equity 38.0% of total assets
Liquidity 45-2
short-term debt 34.4% · cash 8.4%
Profitability 73=
return on assets 3.2%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (629 companies, NACE 10, small)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.3%▲ +0.1 percentage points vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025highest value 02-2026: 0.2%▼ -0.2 percentage points vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026lowest value 04-2026: 0.2%● unchanged vs 03-2026lowest value 05-2026: 0.2%● unchanged vs 04-2026lowest value 06-2026: 0.2%● unchanged vs 05-2026lowest value 07-2026: 0.2%● unchanged vs 06-2026lowest value 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €260,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.44, compared with 1.59 in 2024, below the usual 1.5; short-term debt: 34.4% and cash: 8.4% of total assets), and 62% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, small): better than 52% on solvency, 53% on liquidity, 55% on profitability and 53% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Legal form: public limited company
KBO
lowers risk · Size: 33.2 FTE, total assets €8.0m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-01-2026, 11 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
11 days early
2024
on the day
2023
32 days early
2022
5 days early
2021
24 days early
2020
2 days early
2019
8 days 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 12 days before the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 20 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end25-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Highest result from 2019 to 2025net €257,819 ▲15.5%
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: 6th largest company by total assets in Walloon Brabant, Food products sectorin the Checked rankings No. 6 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by GENERAL CHOCOLATES COMPANYthe company in turn controls 1 companies 94.97% View
  • Positive: 5 profitable years in a rowprofit 2025: €257,819 5 years View

By topic

Financials

Financial year
2025
Total assets
€8.0m
Profit
€257,819
Solvency
38.0%
Total assets▲ 10.4%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
Parent
GENERAL CHOCOLATES COMPANY · 94.97%
  • Bernard de GrubenDirector
  • General Chocolates CompanyManaging director
  • YA-K ConsultingDirector
Go to Board & ownership

Timeline

Events
40
Since
1990
Next accounts
by 31-01-2027
  1. 30-12-2024Reappointments: General Chocolates Company, YA-K Consulting and…
  2. 30-12-2023Annual accounts filed
  3. 26-01-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of cocoa, chocolate and sugar confectioneryNACE 10820
Founded
20-04-1989
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Key facts about DOLFIN

What is the company number of DOLFIN?
0437.332.220. In Belgium the VAT number is the company number with BE in front: BE 0437.332.220.
Where is DOLFIN based?
The registered office is at Avenue Robert Schuman 172, 1401 Nivelles.Company details
What does DOLFIN do?
According to the KBO register, the main activity is manufacture of cocoa, chocolate and sugar confectionery (NACE 10820).
What is the legal form of DOLFIN?
Public limited company (NV).
When was DOLFIN founded?
On 20-04-1989.
Is DOLFIN still active?
Yes, DOLFIN is an active enterprise in the KBO register.
How many employees does DOLFIN have?
On average 33.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of DOLFIN?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is DOLFIN profitable?
In financial year 2025, DOLFIN made a profit of €257,819.
Where can I find the annual accounts of DOLFIN?
DOLFIN filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of DOLFIN due?
By 31-01-2027, for financial year 2026.Timeline

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