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Globetrade Deluco

Active
Public limited companyfounded 199135 years activeBeneluxpark(Kor) 25, 8500 Kortrijk, BelgiumKBO/BCE: BE 0443.916.639
Summary

Globetrade Deluco has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.7m and a net result of €209,094. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 49% of 6,129 sector peers (NACE 46, fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Agents in non-specialised wholesale trade
NACE 46190Wholesale of other household goods NACE 46499
3 sites
Size
€14.4mturnover 2024
Staff
29 FTE
Equity
€5.7m
Profit
€209,094
Financial health
85 Excellent Checked score 2024
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Holdings
4
Accounts 68 days overdue1 of 13 deeds read
Why 85- Figures for FY 2024 (filed 27-05-2025)+ Founded in 1991+ Liquidity: current ratio 1.65, cash €6.8m+ Legal form Public limited companyShow the evidence

Checked score

Score 2024
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 54% of its sector peers (NACE 46, small)
Financial strength · tick = 2023
Strong
Solvency 66-4
equity 41.2% of total assets
Liquidity 80+25
short-term debt 41.6% · cash 49.2%
Profitability 43+33
return on assets 1.5%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,378 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.1%▼ -0.1 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.4%▲ +0.2 percentage points vs 09-2026highest value
Credit up to €480,000 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.92 in 2023; short-term debt: 41.6% and cash: 49.2% of total assets), but 58.8% of the assets are financed with debt.
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 46, small): better than 48% on solvency, 93% on liquidity, 28% on profitability and 47% on growth.

The bankruptcy probability was computed on 07-10-2026 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 risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 27-05-2025)
NBB · annual accounts
lowers risk · Founded in 1991
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.65, cash €6.8m
NBB · annual accounts
lowers risk · Legal form Public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-05-2025, 65 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
65 days early
2023
78 days early
2022
59 days early
2021
62 days early
2020
30 days early
2019
45 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 57 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Statutes amendmentPower of attorney · Approval
  2. Annual accounts filedfiscal year 2024 · full…
  3. Back to profitnet €209,094

Key points

  • Positive: Back in profit in 2024after -€877,792 in 2023 €209,094 View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Heads a groupcompanies controlled 3 View
  • Flemish supportawarded 2022 - 2025 €275,010 View

By topic

Financials

Fiscal year
2024
Turnover
€14.4m
Profit
€209,094
Solvency
41.2%
Turnover▼ 0.9%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2016
  1. 14-05-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 02-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Agents in non-specialised wholesale tradeNACE 46190
Founded
06-05-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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