Age2 yrs
Real estate4 parcels · 2,659 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of DELPH'IN is 7.2% (elevated). The 2024 annual accounts show negative equity (€-12k) and a net result of €-22k. Its solvency ranks better than 20% of 6698 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone7.2%
Elevated
0%0,5%1,5%4%10%≥25%
Young company
+Multiple establishment units
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 29-08-2025 | 29 d late | 2025-00437315 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
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.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-22k
Working capital€-21k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -14.0% | 20.4% | |
| Net result | €-22k | €4k | |
| Equity | €-12k | €16k | |
| Gross operating margin | €-18k | €24k | |
| Total assets | €85k | €94k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-18k |
| Net profit | €-22k |
| Cash flow | €-20k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €85k |
| Equity | €-12k |
| Debt | €97k |
| of which ≤ 1y | €97k |
| of which > 1y | - |
| Working capital | €-21k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.79 |
| Quick ratio | 0.30 |
| Working capital ratio | -24.1% |
| Solvency | -14.0% |
| Debt / equity | -8.17 |
| Long-term debt ratio | - |
| Interest coverage | -13.20 |
| Gross margin | - |
| Net margin | - |
| ROA | -25.7% |
| ROE | 184.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €85k |
| Fixed assets | 21/28 | €9k |
| Tangible fixed assets | 22/27 | €9k |
| Current assets | 29/58 | €77k |
| Stocks & contracts in progress | 3 | €47k |
| Amounts receivable within one year | 40/41 | €9k |
| Cash & bank | 54/58 | €20k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €85k |
| Equity | 10/15 | €-12k |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €-22k |
| Amounts payable | 17/49 | €97k |
| Amounts payable within one year | 42/48 | €97k |
| Trade debts payable within one year | 44 | €35k |
| Income statement | ||
| Gross operating margin | 9900 | €-18k |
| Operating result | 9901 | €-21k |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-22k |
| Net result for the period | 9904 | €-22k |
| Result to be appropriated | 9905 | €-22k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed10
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Rue de l'Université 414000 LiègeEstablishment units
4 locationsDELPH'IN
since 20232.350.380.175
DELPH'IN
since 20242.365.479.018
DELPH'IN
since 20242.366.368.250
DELPH'IN
since 20252.373.879.911
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels4
Ground area2,659 m²
Buildings4
Building footprint791 m²
Volume (LiDAR)14,386 m³
Tallest building23.6 m · ±7 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62810C1295/00B000 | Wallonia | 1,624 m² | 1 · 390 m² | 19.8 m · 6 fl. |
| 62063A0876/00S000 | Wallonia | 798 m² | 1 · 218 m² | 23.6 m · 7 fl. |
| 62063A0160/00B000 | Wallonia | 121 m² | 1 · 69 m² | 18.0 m · 6 fl. |
| 62063A0936/00D000 | Wallonia | 116 m² | 1 · 115 m² | 19.0 m · 6 fl. |
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 1 year ago
2024
30-08-2024 Articles of association amended, translation of the articles, coordination of the articles and change of corporate purpose
Summary:
De voorwerp van de vennootschap wordt uitgebreid en aangepast om activiteiten in de sociale media, internetmarketing, collectiehandel, mode, schoonheidszorg en juwelen om te omvatten, met een algemene…Notary:
Carole MOUREAU · Louveigné
Analysis
Snowflake analysis
financial profile on 5 axes54
/ 100
Mixed profile: strong on profitability, weaker on health.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
10
Profitability
100
Solvency
40
Growth
-
Stability
67
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Credit advice
verdict per customer and amountSimilar
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 507 of the 6,468 companies in this sector.
Company registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716Overige niet-gespecialiseerde detailhandel47120Detailhandel in dranken, algemeen assortiment47252Overige detailhandel in voedingsmiddelen, neg47279Detailhandel in onderkleding, lingerie en strand- en badkleding in gespecialiseerde winkels47714Detailhandel in onderkleding, lingerie en strand- en badkleding47714Detailhandel in kledingaccessoires in gespecialiseerde winkels47715Detailhandel in kledingaccessoires47715Detailhandel in souvenirs en religieuze artikelen47784Detailhandel in souvenirs en religieuze artikelen in gespecialiseerde winkels47786Overige detailhandel in nieuwe artikelen neg47789Detailhandel in tweedehandskleding47792Detailhandel via postorderbedrijven of via internet47910Activiteiten van webportalen63910Reclamebureaus73110Activiteiten van reclamebureaus73110
Primary activity highlighted.
Names & trade names
| Legal nameFR | DELPH'IN |
Registered office
Rue de l'Université 41
4000 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.