DELTA FOOD
ActiveDELTA FOOD has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185k and a net result of €111k. Equity is shrinking by ~8% per year across the filed fiscal years. Its solvency ranks better than 32% of 799 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-2
Solvency37▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.67 in 2024; short-term debt: 59.7% and cash: 12.5% of total assets), and 87.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.1%
Return on assets
7.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
63 d early
2024
27 d late
2023
31 d early
2022
38 d early
2021
111 d early
2020
12 d early
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€111k▼ 28.0%
2024 · €154k
2018: €15k
2019: €805
2020: €-46k
2021: €-68k
2022: €-16k
2023: €144k
2024: €154k
2018 → 2025
Working capital
€-382k▼ 34.4%
2024 · €-284k
2018: €-365k
2019: €-240k
2020: €20k
2021: €-262k
2022: €-271k
2023: €-199k
2024: €-284k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€57k▼ 21.7%€200k▲ 253%€179k▼ 10.4%€185k▲ 3.1%
Operating result€-8k-€26k€181k▲ 601%€71k▼ 61.1%€121k▲ 71.6%
Net result€-68k-€-16k▲ 76.8%€144k€154k▲ 7.6%€111k▼ 28.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.53M
Fixed assets
€996k▼ 7.6%
Current assets
€533k▼ 7.3%
Equity and liabilities €1.53M
Equity
€185k▲ 3.1%
Debt
€1.35M▼ 8.5%
The debt ratio falls from 89.2% to 87.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€352k▲
2024 · €296k
Cash flow
€342k▼
2024 · €380k
Solvency
12.1%▲
2024 · 10.8%
Current ratio
0.58▼
2024 · 0.67
Quick ratio
0.55▼
2024 · 0.63
Debt / equity
7.30▼
2024 · 8.22
ROE
60.1%▼
2024 · 86.1%
ROA
7.2%▼
2024 · 9.3%
Interest coverage
19.05▲
2024 · 11.62
Debt
€1.35M▼
2024 · €1.47M
Debt ≤ 1 year
€915k▲
2024 · €859k
Debt > 1 year
€432k▼
2024 · €615k
Income taxes
€6k▲
2024 · €3k
Staff costs
€1.25M▲
2024 · €1.08M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.65M€1.53M▼
Formation expenses20-€5k
Fixed assets21/28€1.08M€996k▼
Intangible fixed assets21-€46k
Tangible fixed assets22/27€610k€481k▼
Plant, machinery and equipment23€5k€12k▲
Furniture and vehicles24€188k€177k▼
Other tangible fixed assets26€417k€293k▼
Financial fixed assets28€468k€468k=
Current assets29/58€575k€533k▼
Stocks and contracts in progress3€34k€33k▼
Stocks30/36€34k€33k▼
Amounts receivable within one year40/41€322k€301k▼
Trade receivables40€102k€151k▲
Other amounts receivable41€220k€150k▼
Cash at bank and in hand54/58€217k€192k▼
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.65M€1.53M▼
Equity10/15€179k€185k▲
Contributions10/11€170k€170k=
Capital10€170k€170k=
Issued capital100€170k€170k=
Reserves13€9k€15k▲
Non-distributable reserves130/1€9k€15k▲
Legal reserve130€9k€15k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.47M€1.35M▼
Amounts payable after more than one year17€615k€432k▼
Financial debts170/4€615k€432k▼
Amounts payable within one year42/48€859k€915k▲
Current portion of amounts payable after more than one year42€225k€189k▼
Trade debts44€335k€448k▲
Suppliers440/4€335k€448k▲
Taxes, remuneration and social security45€149k€142k▼
Taxes450/3€30k€21k▼
Remuneration and social security454/9€119k€121k▲
Other amounts payable47/48€150k€136k▼
Accrued charges and deferred income492/3€0€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.08M€1.25M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€225k€231k▲
Other operating charges640/8€4k€9k▲
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€1.38M€1.61M▲
Operating profit (loss)9901€71k€121k▲
Financial income75/76B€112k€14k▼
Recurring financial income75€112k€14k▼
Financial charges65/66B€25k€18k▼
Recurring financial charges65€25k€18k▼
Profit (loss) for the period before taxes9903€157k€117k▼
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€154k€111k▼
Profit (loss) for the period to be appropriated9905€154k€111k▼
Appropriation of the result
Profit (loss) to be appropriated9906€185k€111k▼
Profit (loss) brought forward from the previous period14P€30k€0▼
Transfer to equity691/2€9k€6k▼
To contributions691€9k€6k▼
Profit to be distributed694/7€175k€106k▼
Return on contributions (dividend)694€168k€106k▼
Employees696€7k€0▼
Social balance
Average headcount (FTE)908727.626.1▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €154k ▲7.6%
Net result €154k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €144k
Net result €144k after 3 loss-making years.
31-12
Financial
Equity above €200kEq €200k ▲253%
Equity rises from €57k to €200k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-68k
Net result drops to €-68k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Waterloo · 1 establishment unit since 2017
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.
Avenue des Pâquerettes 551410 WaterlooGround area
1.4 ha
Building footprint
832 m²
Volume, LiDAR
3,946 m³
2 parcels, Brussels, Wallonia · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Triomflaan 201, 1050 Elsene
since 20172.266.352.045
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0281/00V006 | Brussels | 1.2 ha | - | - |
| 25762F0043/00T003 | Wallonia | 1,433 m² | 1 · 832 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyElsene2.266.352.045
Similar companies · same sector, comparable size
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SPINA EMMA
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WALLACE FOOD
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Of 21,904 companies in sector 56112 we hold annual accounts for 9,781. 6,887 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-05-2017
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
53200Other postal and courier activities
56301Cafés and bars
62900Other information technology and computer services
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.