DOLPHENS
ActiveSummary
DOLPHENS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €-83k. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 12% of 479 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24▼-34
Solvency32▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.98 against 1.05 in 2024; short-term debt: 56.4% and cash: 0% of total assets), and 92.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
7.4%
Return on assets
-5.2%
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 €-83k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 479 sector peers (2025).
NBB · sector comparisonPosition among 479 sector peers
Solvency
better than 12%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-06-2026, 128 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
128 d late
2024
153 d late
2023
13 d late
2022
114 d late
2021
205 d late
2020
81 d late
2019
138 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-83k▼ 4,122%
2024 · €-2k
2019: €2k
2020: €-6k
2021: €-16k
2022: €-14k
2023: €-7k
2024: €-2k
2019 → 2025
Working capital
€-21k
2024 · €43k
2019: €-108k
2020: €5k
2021: €42k
2022: €71k
2023: €102k
2024: €43k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€292k-€261k▼ 10.7%€237k▼ 9.2%€218k▼ 8.2%€117k▼ 46.3%
Operating result€51k-€55k▲ 9.2%€82k▲ 48.4%€25k▼ 69.4%€-42k
Net result€-16k-€-14k▲ 13.1%€-7k▲ 53.0%€-2k▲ 69.9%€-83k▼ 4,122%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €42k after €25k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.59M
Fixed assets
€712k ▼ 12.4%
Current assets
€874k ▼ 2.9%
Equity and liabilities €1.59M
Equity
€117k ▼ 46.3%
Debt
€1.47M ▼ 1.8%
Debt's share of the balance-sheet total rises from 87.3% to 92.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€59k▼
2024 · €127k
Cash flow
€18k▼
2024 · €100k
Current ratio
0.98▼
2024 · 1.05
Quick ratio
0.98▼
2024 · 1.05
Debt to equity
12.56▲
2024 · 6.87
ROE
-71.2%▼
2024 · -0.9%
ROA
-5.2%▼
2024 · -0.1%
Interest coverage
1.44▼
2024 · 4.67
Debt ≤ 1 year
€895k▲
2024 · €858k
Debt > 1 year
€574k▼
2024 · €638k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.71M€1.59M▼
Fixed assets21/28€812k€712k▼
Tangible fixed assets22/27€812k€712k▼
Land and buildings22€736k€671k▼
Plant, machinery and equipment23€69k€40k▼
Leasing and similar rights25€7k-
Current assets29/58€900k€874k▼
Stocks and contracts in progress3€704€704=
Stocks30/36€704€704=
Amounts receivable within one year40/41€900k€873k▼
Trade receivables40€230k€189k▼
Other amounts receivable41€670k€685k▲
Cash at bank and in hand54/58-€137
Equity and liabilities
Total equity and liabilities10/49€1.71M€1.59M▼
Equity10/15€218k€117k▼
Contributions10/11€45k€45k=
Reserves13€68k-
Distributable reserves133€68k-
Profit (loss) carried forward14€362€-15k▼
Investment grants15€104k€86k▼
Amounts payable17/49€1.50M€1.47M▼
Amounts payable after more than one year17€638k€574k▼
Financial debts170/4€638k€574k▼
Amounts payable within one year42/48€858k€895k▲
Current portion of amounts payable after more than one year42€172k€125k▼
Financial debts43€360k€360k=
Credit institutions430/8€14-
Other loans439€360k€360k=
Trade debts44€2k€25k▲
Suppliers440/4€2k€25k▲
Advances received on contracts in progress46€130k€106k▼
Other amounts payable47/48€194k€279k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€102k€101k▼
Other operating charges640/8-€968
Gross operating margin9900€127k€60k▼
Operating profit (loss)9901€25k€-42k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€27k€41k▲
Recurring financial charges65€27k€41k▲
Profit (loss) for the period before taxes9903€-2k€-83k▼
Profit (loss) for the period9904€-2k€-83k▼
Profit (loss) for the period to be appropriated9905€-2k€-83k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-83k▼
Profit (loss) brought forward from the previous period14P€332€362▲
Transfer from equity791/2€2k€68k▲
The notes to these accounts (6 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 128 days late
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 153 days late
30-06
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series.
2024
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 13 days late
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 114 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 205 days late
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 138 days late
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
14-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Mont-Saint-Guibert · 1 establishment unit since 2010
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.
Rue des Hayeffes 141435 Mont-Saint-GuibertGround area
1.0 ha
Building footprint
337 m²
Volume, LiDAR
1,001 m³
2 parcels, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chemin de Nivelles 102, 1435 Mont-Saint-Guibert
since 20102.184.992.997
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25068B0924/00P000 | Wallonia | 9,221 m² | 1 · 225 m² | - |
| 25068B0727/00T000 | Wallonia | 850 m² | 1 · 112 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMont-Saint-Guibert2.184.992.997
Similar companies · same sector, comparable size
HERPAL
BE 0449.851.851
Beveren-Kruibeke-Zwijndrecht · Eq €119,379
MOORTELPUTHOF
BE 0426.503.555
Lichtervelde · Eq €109,020
MULLIE
BE 0430.188.466
Roeselare · Eq €125,655
OVERIS
BE 0877.090.925
Peer · Eq €125,829
SCHEERLINCK - COBBAERT
BE 0429.538.665
Jabbeke · Eq €126,276
Of 902 companies in sector 01461 we hold annual accounts for 295. 220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-03-2005
Fiscal year end30-06
Activities, NACEBEL 2025
01461Pig breeding farms
01462Crop and animal production, hunting and related service activities
01500Mixed farming
01620Support activities for animal production
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:marc.dolphens@yahoo.fr