Checked.be
Active
BE 0473.513.121Private limited company
DELCOURT CONSTRUCTIES
Lerenveld 24 ·2547 Lint, Belgium· 25 yrs active
Sector: Manufacture of metal structures and parts of structures
(25110)
Conclusion
DELCOURT CONSTRUCTIES has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 1839 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €15k |
| Net result | €3k |
| Staff (FTE) | 1 |
| Better than sector | 23% |
Financial profile
67
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
43
Profitability
97
Solvency
18
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2000, 25 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
43
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€500
estimate, not credit advice
Score history
5
2021
10
2022
33
2023
51
2024
43
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.72 (< 1.0)
-10
Quick ratio
Quick ratio 0.15 (< 0.6)
-5
Leverage
Debt/equity 4.03 (> 3.0)
-10
Profitability
ROE 19% (≥ 10%)
+10
Interest coverage
Interest coverage 3.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~47% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.9% | 45.5% | |
| Net result | €3k | €12k | |
| Equity | €15k | €77k | |
| Gross operating margin | €35k | €48k | |
| Staff costs | €16k | €43k |
€13k
-62.2%
21-25
€3k
-77.7%
21-25
€9k
-66.0%
21-25
€77k
-27.4%
21-25
€15k
+24.1%
21-25
€-17k
+20.3%
21-25
1
+233.3%
21-25
€16k
+205.8%
21-25
€171
-
21-25
€61k
-34.1%
21-25
€61k
-30.4%
21-25
€5k
-69.9%
21-25
0.72
-4.8%
21-25
0.15
-46.5%
21-25
19.9%
+70.8%
21-25
4.03
-46.9%
21-25
19.4%
-82.0%
21-25
3.9%
-69.3%
21-25
3.38
-30.4%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €13k | €35k | €17k | €5k | €-32k |
| Net profit | €3k | €13k | €-2k | €-11k | €-40k |
| Cash flow | €9k | €28k | €12k | €-32 | €-37k |
| Staff costs | €16k | €5k | €21k | €22k | €44k |
| Income taxes | - | - | €171 | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €77k | €105k | €129k | €138k | €145k |
| Equity | €15k | €12k | €-993 | €1k | €13k |
| Debt | €61k | €93k | €130k | €137k | €133k |
| of which ≤ 1y | €61k | €88k | €113k | €107k | €110k |
| of which > 1y | - | €5k | €17k | €30k | €23k |
| Working capital | €-17k | €-22k | €-35k | €-25k | €-29k |
| Employees (FTE) | 1.0 | 0.3 | 1.6 | 1.5 | 1.5 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.72 | 0.75 | 0.69 | 0.77 | 0.73 |
| Quick ratio | 0.15 | 0.28 | 0.24 | 0.29 | 0.31 |
| Working capital ratio | -22.6% | -20.6% | -27.3% | -17.9% | -20.1% |
| Solvency | 19.9% | 11.6% | -0.8% | 1.0% | 8.7% |
| Debt / equity | 4.03 | 7.60 | -130.96 | 104.18 | 10.44 |
| Long-term debt ratio | - | 0.41 | -16.72 | 22.65 | 1.79 |
| Interest coverage | 3.38 | 4.86 | 3.59 | 0.99 | -5.61 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 3.9% | 12.6% | -1.8% | -8.2% | -27.3% |
| ROE | 19.4% | 108.1% | 232.4% | -867.2% | -312.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €77k | €105k | €129k | €138k | €145k |
| Fixed assets | 21/28 | €33k | €39k | €51k | €56k | €65k |
| Intangible fixed assets | 21 | €868 | €1k | €2k | €2k | - |
| Tangible fixed assets | 22/27 | €32k | €38k | €49k | €53k | €65k |
| Current assets | 29/58 | €44k | €67k | €78k | €82k | €81k |
| Stocks & contracts in progress | 3 | €35k | €42k | €51k | €51k | €47k |
| Amounts receivable within one year | 40/41 | €8k | €23k | €24k | €21k | €19k |
| Cash & bank | 54/58 | €77 | €6 | €8 | €5k | €12k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €77k | €105k | €129k | €138k | €145k |
| Equity | 10/15 | €15k | €12k | €-993 | €1k | €13k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €17k | €17k | €17k | €17k | €17k |
| Accumulated profits (losses) | 14 | €-21k | €-24k | €-37k | €-34k | €-23k |
| Amounts payable | 17/49 | €61k | €93k | €130k | €137k | €133k |
| Amounts payable after one year | 17 | - | €5k | €17k | €30k | €23k |
| Amounts payable within one year | 42/48 | €61k | €88k | €113k | €107k | €110k |
| Trade debts payable within one year | 44 | €22k | €22k | €44k | €38k | €69k |
| Income statement | ||||||
| Gross operating margin | 9900 | €35k | €55k | €44k | €30k | €13k |
| Operating result | 9901 | €7k | €20k | €3k | €-6k | €-34k |
| Financial income | 75 | €141 | €4 | €2 | €22 | €0 |
| Financial charges | 65 | €4k | €7k | €5k | €5k | €6k |
| Result before taxes | 9903 | €3k | €13k | €-2k | €-11k | €-40k |
| Income taxes | 67/77 | - | - | €171 | - | - |
| Net result for the period | 9904 | €3k | €13k | €-2k | €-11k | €-40k |
| Result to be appropriated | 9905 | €3k | €13k | €-2k | €-11k | €-40k |
Legal Structure
| NACE primary | Manufacture of metal structures and parts of structures(25110) |
| Legal form | Private limited company(610) |
| Incorporation | 14-12-2000 |
| Status | Active |
| Postal code | 2547 |
Establishment units
TABLOUER
since 20012.100.151.750
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11025D0284/00H000 | Flanders | 1,513 m² | 1 · 497 m² | 7.3 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after 3 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
22-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 419 days late
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 784 days late
2018
28-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 181 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of metal structures and parts of structures2511028110
Names & trade names
| Legal nameNL | DELCOURT CONSTRUCTIES |
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