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Pietercil Delby's

Active
Public limited companyfounded 1959active for 67 yearsVitseroelstraat 74, 1740 Ternat, BelgiumKBO/BCE: BE 0402.240.588
Summary

Pietercil Delby's has been active since 1959 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17.1m and a net result of €4.5m. Equity is growing by about 7.9% per year across the filed financial years. Its solvency ranks better than 31% of 6,081 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Wholesale trade
NACE 46360Non-specialised wholesale NACE 46392
#2 company by total assets in Ternat, Wholesale and retail trade sector1 site
Size
€150.1mturnover 2025
Staff
62.2 FTE
Equity
€17.1m
Profit
€4.5m
Standalone figures, without subsidiaries
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
PIETERCIL GROUP · 100%
Board
11 members
Holdings
3
Auditor: GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISESAccounts 65 days early
Why 90raises riskLiquidity: current ratio 1.24, cash €1.7mlowers riskFounded in 1959Size: turnover €150.1m, 62.2 FTE, total assets €61.0m, files consolidated accountsLegal form: public limited companyShow the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 46, medium-sized)
Financial strength · tick = 2024
Weak
Solvency 53-5
equity 28.1% of total assets
Liquidity 16-2
short-term debt 70.0% · cash 2.8%
Profitability 62=
return on assets 7.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (746 companies, NACE 46, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025highest value 07-2025: 0.1%▼ -0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.2%▲ +0.1 percentage points vs 04-2026 06-2026: 0.1%▼ -0.1 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €1,500,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.24, compared with 1.27 in 2024; short-term debt: 70% and cash: 2.8% of total assets), and 71.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized): better than 35% on solvency, 17% on liquidity, 53% on profitability and 78% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.24, cash €1.7m
NBB · annual accounts
lowers risk · Founded in 1959
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: turnover €150.1m, 62.2 FTE, total assets €61.0m, files consolidated accounts
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
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 27-05-2026, 65 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
65 days early
2024
56 days early
2023
75 days early
2022
31 days early
2021
47 days early
2020
44 days early
2019
45 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 52 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2025 · consolidated
  3. Highest result from 2018 to 2025net €4.5m ▲9.9%

Key points

  • Positive: Among the best 5% on net resultsector median €113,523 · 6,022 companies €4.5m View
  • Controlled by PIETERCIL GROUPultimately: Fagus Finance 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View
  • Positive: 7 profitable years in a rowprofit 2025: €4.5m 7 years View
  • Active since 1959founded 01-01-1959 67 years View

By topic

Financials

Financial year
2025
Turnover
€150.1m
Profit
€4.5m
Solvency
28.1%
Turnover▲ 11.7%
Net result
20182025
Go to Financials

Board & ownership

Board
11 members
Parent
PIETERCIL GROUP · 100%
Auditor
GRANT THORNTON BEDRIJFSREVISOREN -…
  • De Eik N.V.Director
  • Fagus Finance N.V.Director
  • Geert De BrauwerDirector
  • Jan De BrauwerDirector
  • Klara Van WaeyenbergeDirector

and 6 other directors

Go to Board & ownership

Network & group

Group
Fagus Finance
Subsidiaries
3
Connected companies
17
Mergers and contributions
4

3 subsidiaries

Go to Network & group

Timeline

Events
112
Since
1978
Next accounts
by 31-07-2027
  1. 30-12-2025Appointments: Hoy Beheer (independent director) and Bona…
  2. 08-09-2025Resignations & appointments
  3. 12-08-2025Resignations: Fagus Finance NV, De Eik N.V…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46360
Founded
01-01-1959
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Alle verrichtingen te doen die rechtstreeks of onrechtstreeks in verband staan met de…
Go to Articles of association

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