DELBAERE MATTHIAS
ActiveSummary
DELBAERE MATTHIAS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €99k and a net result of €41k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 67% of 1470 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
95
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency95▼-5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 4.95 in 2023; short-term debt: 29.9% and cash: 32.3% of total assets), and 30.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 75
Relative position
BE, all sectors
reference
Sector 75
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 24-07-2025, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
7 d early
2022
6 d early
2021
9 d early
2020
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€99k▲ 6.1%
2023 · €93k
2020: €34k
2021: €49k
2022: €64k
2023: €93k
2020 → 2024
Total assets
€142k▲ 30.5%
2023 · €109k
2020: €104k
2021: €91k
2022: €108k
2023: €109k
2020 → 2024
Net result
€41k▲ 42.5%
2023 · €29k
2020: €29k
2021: €15k
2022: €16k
2023: €29k
2020 → 2024
Working capital
€65k▲ 5.4%
2023 · €62k
2020: €9k
2021: €17k
2022: €36k
2023: €62k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€34k-€49k▲ 42.2%€64k▲ 32.0%€93k▲ 44.6%€99k▲ 6.1%
Operating result€38k-€21k▼ 44.3%€29k▲ 38.3%€41k▲ 42.2%€54k▲ 31.9%
Net result€29k-€15k▼ 50.6%€16k▲ 7.7%€29k▲ 83.8%€41k▲ 42.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 32% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €142k
Fixed assets
€35k ▲ 9.6%
Current assets
€107k ▲ 39.1%
Equity and liabilities €142k
Equity
€99k ▲ 6.1%
Debt
€43k ▲ 177%
Debt's share of the balance-sheet total rises from 14.3% to 30.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k▲
2023 · €56k
Cash flow
€47k▲
2023 · €43k
Current ratio
2.53▼
2023 · 4.95
Debt to equity
0.44▲
2023 · 0.17
ROE
41.4%▲
2023 · 30.8%
ROA
28.8%▲
2023 · 26.4%
Interest coverage
56.97▼
2023 · 176.49
Debt ≤ 1 year
€42k▲
2023 · €16k
Income taxes
€12k▲
2023 · €12k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€109k€142k▲
Fixed assets21/28€32k€35k▲
Tangible fixed assets22/27€32k€35k▲
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€1k€756▼
Leasing and similar rights25€7k€0▼
Other tangible fixed assets26€18k€31k▲
Current assets29/58€77k€107k▲
Amounts receivable within one year40/41€53k€58k▲
Trade receivables40€51k€57k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€20k€46k▲
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€109k€142k▲
Equity10/15€93k€99k▲
Contributions10/11€5k€5k=
Reserves13€88k€94k▲
Distributable reserves133€88k€94k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€16k€43k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€16k€42k▲
Current portion of amounts payable after more than one year42€7k€0▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€1k€4k▲
Other amounts payable47/48€3k€36k▲
Accrued charges and deferred income492/3€0€706▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€6k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€59k€61k▲
Operating profit (loss)9901€41k€54k▲
Financial income75/76B€1€60▲
Recurring financial income75€1€60▲
Financial charges65/66B€317€1k▲
Recurring financial charges65€317€1k▲
Profit (loss) for the period before taxes9903€41k€53k▲
Income taxes67/77€12k€12k▲
Profit (loss) for the period9904€29k€41k▲
Profit (loss) for the period to be appropriated9905€29k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€41k▲
Transfer from equity791/2-€35k
Transfer to equity691/2€29k€41k▲
To other reserves6921€29k€41k▲
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €41k ▲42.5%
Operating result €54k, net result €41k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.95
Current ratio from 1.98 to 4.95; short-term debt falls from €37k to €16k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €15k ▼50.6%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Tielt · 1 establishment unit since 2020
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.
Mankemerriestraat 78700 TieltGround area
1.6 ha
Building footprint
214 m²
Volume, LiDAR
1,055 m³
Parcel 37303G0610/00C000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DELBAERE MATTHIAS
since 20202.299.199.809
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303G0610/00C000 | Flanders | 1.6 ha | 1 · 213 m² | 7.5 m · 2 fl. |
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.
Similar companies · same sector, comparable size
VETERINAIRES CS – PB
BE 1004.407.185
Blégny · Eq €98,914
CABINET VETERINAIRE CORALIE CRUCQ
BE 0794.645.972
Watermaal-Bosvoorde · Eq €98,920
PauTom
BE 0887.872.474
Aarschot · Eq €98,745
Cabinet Vétérinaire Maxime Peutat
BE 0779.291.367
Limbourg · Eq €99,392
SDLW
BE 1015.438.065
Pelt · Eq €98,301
Of 6,078 companies in sector 75000 we hold annual accounts for 1,950. 1,723 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
Founded30-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
75000Veterinary services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.