ETS. E. DELFOSSE
ActiveSummary
The computed 12-month bankruptcy probability of ETS. E. DELFOSSE is 6.8% (elevated). The 2020 annual accounts show equity of €57,792 and a net result of -€28,452. Equity is shrinking by ~81.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2021. The company has been active since 1975 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability23▲+23
Solvency37▼-6
Growth58▲+26
Track record92
Bankruptcy probability, 12 months
6.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2020Solvency, return and age of the figures
Solvency
12%
Return on assets
-5.9%
Age of the figures
69 mo
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
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 03-09-2021, 34 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
34 d late
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 42 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
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Financials · fiscal year 2020, micro schema
Equity
€57,792▼ 33.0%
2019 · €86,244
Total assets
€482,359▲ 1.2%
2019 · €476,843
Net result
-€28,452▲ 74.7%
2019 · -€112,257
Working capital
€375,707▲ 11.3%
2019 · €337,510
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
Line201820192020
Operating result-€74,943--€104,483▼ 39.4%-€20,155▲ 80.7%
Net result-€85,066--€112,257▼ 32.0%-€28,452▲ 74.7%
Equity€198,500-€86,244▼ 56.6%€57,792▼ 33.0%
Total assets€534,097-€476,843▼ 10.7%€482,359▲ 1.2%
Debt€335,597-€390,599▲ 16.4%€424,568▲ 8.7%
Working capital€380,451-€337,510▼ 11.3%€375,707▲ 11.3%
Staff (FTE)2-1.3▼ 35.0%1▼ 23.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20,155 in 2020 against €104,483 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €482,359
Fixed assets
€3,745 ▲ 510%
Current assets
€478,614 ▲ 0.5%
Equity and liabilities €482,359
Equity
€57,792 ▼ 33.0%
Debt
€424,568 ▲ 8.7%
Debt's share of the balance-sheet total rises from 81.9% to 88.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€19,287▲
2019 · -€103,859
Cash flow
-€27,584▲
2019 · -€111,633
Current ratio
4.65▲
2019 · 3.43
Quick ratio
0.40▲
2019 · 0.25
Debt to equity
5.49▲
2019 · 2.89
ROE
-49.2%▲
2019 · -130.2%
ROA
-5.9%▲
2019 · -23.5%
Debt ≤ 1 year
€102,907▼
2019 · €138,718
Debt > 1 year
€317,198▲
2019 · €248,906
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €623 | €623 | €868 | ▲ 39.3% |
| Gross operating margin9900 | €2,045 | -€317,802 | -€224 | ▲ 99.9% |
| Operating profit (loss)9901 | -€74,943 | -€104,483 | -€20,155 | ▲ 80.7% |
| Recurring financial income75 | €483 | €252 | €10 | ▼ 96.2% |
| Recurring financial charges65 | €10,606 | €8,026 | €8,307 | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | -€85,066 | -€112,257 | -€28,452 | ▲ 74.7% |
| Profit (loss) for the period9904 | -€85,066 | -€112,257 | -€28,452 | ▲ 74.7% |
| Profit (loss) for the period to be appropriated9905 | -€85,066 | -€112,257 | -€28,452 | ▲ 74.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €534,097 | €476,843 | €482,359 | ▲ 1.2% |
| Fixed assets21/28 | €1,237 | €614 | €3,745 | ▲ 510% |
| Tangible fixed assets22/27 | €1,237 | €614 | €3,745 | ▲ 510% |
| Current assets29/58 | €532,860 | €476,228 | €478,614 | ▲ 0.5% |
| Stocks and contracts in progress3 | €495,436 | €441,176 | €437,506 | ▼ 0.8% |
| Amounts receivable within one year40/41 | €33,539 | €32,153 | €33,907 | ▲ 5.5% |
| Current investments50/53 | €4 | €4 | €4 | = |
| Cash at bank and in hand54/58 | €941 | €204 | €4,996 | ▲ 2,355% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €534,097 | €476,843 | €482,359 | ▲ 1.2% |
| Equity10/15 | €198,500 | €86,244 | €57,792 | ▼ 33.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €588,323 | €588,323 | €588,323 | = |
| Profit (loss) carried forward14 | -€451,823 | -€564,080 | -€592,532 | ▼ 5.0% |
| Amounts payable17/49 | €335,597 | €390,599 | €424,568 | ▲ 8.7% |
| Amounts payable after more than one year17 | €178,906 | €248,906 | €317,198 | ▲ 27.4% |
| Amounts payable within one year42/48 | €152,409 | €138,718 | €102,907 | ▼ 25.8% |
| Trade debts44 | €85,871 | €70,438 | €27,138 | ▼ 61.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€85,066 | -€112,257 | -€28,452 | ▲ 74.7% |
| + Depreciation and write-downs630 | €623 | €623 | €868 | ▲ 39.3% |
| Operating cash flow (approximation) | -€84,443 | -€111,633 | -€27,584 | ▲ 75.3% |
| Investment in fixed assets (approximation) | - | €0 | -€3,999 | - |
| Change in cash | - | -€738 | €4,792 | ▲ 750% |
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
2025
08-09
KBO administration
Late accounts filing
2021
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 34 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Weakest financial yearnet -€112,257
Net result drops to -€112,257, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
22-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
28-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
16-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
06-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Sint-Agatha-Berchem · 1 establishment unit since 1975
Ground area
802 m²
Building footprint
359 m²
Volume, LiDAR
2,713 m³
Parcel 21342B0125/00W000, Brussels · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ETABLISSEMENTS DELFOSSE SA
since 19752.011.023.794
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0125/00W000 | Brussels | 802 m² | 1 · 359 m² | 11.6 m · 3 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.
Identification & contact
Identification
Legal formPublic limited company
Founded09-04-1975
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.