DELTA SOLUTIONS
ActiveDELTA SOLUTIONS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38k and a net result of €112k. Equity is shrinking by ~24.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 15% of 236 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+36
Solvency11▲+2
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.79 in 2023), and 94.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 236 sector peers (2024).
NBB · sector comparisonPosition among 236 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
7 d early
2022
5 d early
2021
25 d early
2020
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€38k▲ 45.4%
2023 · €26k
2020: €154k
2021: €167k
2022: €145k
2023: €26k
2020 → 2024
Total assets
€649k▼ 2.4%
2023 · €664k
2020: €675k
2021: €613k
2022: €689k
2023: €664k
2020 → 2024
Net result
€112k▲ 3,284%
2023 · €3k
2020: €16k
2021: €32k
2022: €44k
2023: €3k
2020 → 2024
Working capital
€-57k▲ 16.6%
2023 · €-68k
2020: €77k
2021: €108k
2022: €56k
2023: €-68k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€154k-€167k▲ 8.6%€145k▼ 12.7%€26k▼ 82.2%€38k▲ 45.4%
Operating result€40k-€60k▲ 52.0%€62k▲ 3.7%€19k▼ 70.2%€132k▲ 608%
Net result€16k-€32k▲ 107%€44k▲ 36.3%€3k▼ 92.5%€112k▲ 3,284%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 608% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €649k
Fixed assets
€372k▼ 7.4%
Current assets
€277k▲ 5.3%
Equity and liabilities €649k
Equity
€38k▲ 45.4%
Provisions
€5k▼ 7.7%
Debt
€606k▼ 4.3%
The debt ratio falls from 95.3% to 93.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€161k▲
2023 · €49k
Cash flow
€141k▲
2023 · €34k
Solvency
5.8%▲
2023 · 3.9%
Current ratio
0.83▲
2023 · 0.79
Quick ratio
0.83▲
2023 · 0.79
Debt / equity
16.10▼
2023 · 24.46
ROE
296.9%▲
2023 · 12.8%
ROA
17.2%▲
2023 · 0.5%
Interest coverage
18.88▲
2023 · 5.59
Debt
€606k▼
2023 · €633k
Debt ≤ 1 year
€334k▲
2023 · €331k
Debt > 1 year
€271k▼
2023 · €302k
Income taxes
€12k▲
2023 · €9k
Staff costs
€230k▼
2023 · €248k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€664k€649k▼
Fixed assets21/28€402k€372k▼
Tangible fixed assets22/27€402k€372k▼
Land and buildings22€367k€348k▼
Furniture and vehicles24€3k€1k▼
Leasing and similar rights25€32k€23k▼
Current assets29/58€263k€277k▲
Amounts receivable within one year40/41€155k€126k▼
Trade receivables40€154k€126k▼
Other amounts receivable41€576€0▼
Current investments50/53€0-
Cash at bank and in hand54/58€105k€147k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€664k€649k▼
Equity10/15€26k€38k▲
Contributions10/11€2k€2k=
Reserves13€24k€36k▲
Non-distributable reserves130/1€200€200=
Reserves not available under the articles1311€200€200=
Tax-exempt reserves132€22k€20k▼
Distributable reserves133€2k€15k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€5k€5k▼
Deferred taxes168€5k€5k▼
Amounts payable17/49€633k€606k▼
Amounts payable after more than one year17€302k€271k▼
Financial debts170/4€302k€271k▼
Amounts payable within one year42/48€331k€334k▲
Current portion of amounts payable after more than one year42€30k€31k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€156k€102k▼
Suppliers440/4€156k€102k▼
Advances received on contracts in progress46€749€1k▲
Taxes, remuneration and social security45€139k€49k▼
Taxes450/3€96k€14k▼
Remuneration and social security454/9€42k€35k▼
Other amounts payable47/48€6k€151k▲
Accrued charges and deferred income492/3€0€1k▲
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€248k€230k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€30k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€382€0▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€302k€396k▲
Operating profit (loss)9901€19k€132k▲
Financial income75/76B€2k€412▼
Recurring financial income75€2k€412▼
Non-recurring financial income76B€0-
Financial charges65/66B€9k€9k▼
Recurring financial charges65€9k€9k▼
Profit (loss) for the period before taxes9903€12k€124k▲
Transfer from deferred taxes780€418€418=
Income taxes67/77€9k€12k▲
Profit (loss) for the period9904€3k€112k▲
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€5k€113k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€113k▲
Transfer from equity791/2€119k€0▼
Transfer to equity691/2€973€13k▲
To other reserves6921€973€13k▲
Profit to be distributed694/7€123k€100k▼
Return on contributions (dividend)694€119k€0▼
Directors or managers695€4k€100k▲
Social balance
Average headcount (FTE)90874.14.2▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
31-12
Financial
Highest result since 2020net €112k ▲3284%
Operating result €132k, net result €112k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €3k ▼92.5%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2022
Lloadout BV
CurrentDirector · since 28-11-2022 · Legal entity · perm. rep.: Coopman Dieter
Mister peacock BV
CurrentDirector · since 28-11-2022 · Legal entity · perm. rep.: Pauwels Steven
28-11-2022
Lloadout BV: Appointed as Director
28-11-2022
Mister peacock BV: Appointed as Director
28-11-2022
Coopman Dieter: Resigned as Director
28-11-2022
Pauwels Steven: Resigned as Director
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2005
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.
Groenbek 38790 WaregemGround area
300 m²
Building footprint
198 m²
Parcel 34453E0205/00H006, Flanders. Linked by address, not a title deed.
1 establishment unit
DELTA SOLUTIONS
since 20052.149.898.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453E0205/00H006 | Flanders | 300 m² | 1 · 198 m² | 0.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared director
→
Ownership & control
1 partyDELTA SOLUTIONSBE 0876.856.442
controls
Where this company holds controlthis company sits on their board1
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Of 1,272 companies in sector 58290 we hold annual accounts for 587. 412 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2005
Fiscal year end31-12
Activities, NACEBEL
58290Other software publishing
62010Computer programming, consultancy and related activities
62100Computer programming
72210
18120Other printing
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.