DELNIVELLES

Active

Private limited companyfounded 20233 yrs activeChaussée de Mons 18, 1400 Nivelles, BelgiumKBO/BCE: BE 0804.897.882

Summary

The computed 12-month bankruptcy probability of DELNIVELLES is 1.9% (moderate). The 2026 annual accounts show equity of €533k and a net result of €506k. Its solvency ranks better than 28% of 145 sector peers (fiscal year 2026). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2026

52 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability64▲+17

Solvency36▲+2

Growth66

Track record94

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity tight (current ratio 1.08 against 1.04 in 2024; short-term debt: 77.4% and cash: 30.8% of total assets), and 89.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2026

Solvency, return and age of the figures

Solvency

10.7%

Return on assets

10.1%

Age of the figures

6 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 01-09-2026, 60 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2026

60 d early

2024

30 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2026, full schema

Turnover

€36.59M▲ 4.2%

2024 · €35.12M

2024: €35.12M

2024 → 2026

EBIT margin

2.2%▲ 1.8pp

2024 · 0.5%

2024: 0.5%

2024 → 2026

Net result

€506k▲ 980%

2024 · €47k

2024: €47k

2024 → 2026

Working capital

€298k▲ 130%

2024 · €130k

2024: €130k

2024 → 2026

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242026Trend

Turnover€35.12M-€36.59M▲ 4.2%

Equity€347k-€533k▲ 53.6%

Operating result€159k-€822k▲ 417%

Net result€47k-€506k▲ 980%

Result per fiscal year

Operating resultNet result

The operating result is €822k in 2026, compared with €159k in 2024. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2026 in colour, 2024 as the grey bar beneath

Assets €4.99M

16.6%

83.4%

Fixed assets €827k ▼ 13.2%

Current assets €4.16M ▲ 35.6%

Equity and liabilities €4.99M

11%

89.3%

Equity €533k ▲ 53.6%

Debt €4.46M ▲ 21.2%

Debt's share of the balance-sheet total falls from 91.4% to 89.3%. Equity and debt are higher.

Key figures and ratios

2026 value · change against 2024

EBITDA

€956k▲

2024 · €252k

Cash flow

€640k▲

2024 · €140k

Current ratio

1.08▲

2024 · 1.04

Quick ratio

0.77▲

2024 · 0.67

Debt to equity

8.36▼

2024 · 10.60

ROE

95.0%▲

2024 · 13.5%

ROA

10.1%▲

2024 · 1.2%

Interest coverage

16.19▲

2024 · 4.63

Debt ≤ 1 year

€3.86M▲

2024 · €2.94M

Debt > 1 year

€583k▼

2024 · €724k

Income taxes

€205k▲

2024 · €40k

Staff costs

€4.42M▼

2024 · €4.60M

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 · 2026 against 2024 · 74 lines

Balance sheet Code20242026

Assets

Total assets20/58€4.02M€4.99M▲

Fixed assets21/28€953k€827k▼

Intangible fixed assets21€911k€786k▼

Tangible fixed assets22/27€42k€37k▼

Plant, machinery and equipment23€37k€29k▼

Furniture and vehicles24€803€347▼

Other tangible fixed assets26€4k€7k▲

Financial fixed assets28-€4k

Other financial fixed assets284/8-€4k

Amounts receivable and cash guarantees285/8-€4k

Current assets29/58€3.07M€4.16M▲

Amounts receivable after more than one year29€500k€500k=

Other amounts receivable291€500k€500k=

Stocks and contracts in progress3€1.11M€1.17M▲

Stocks30/36€1.11M€1.17M▲

Goods purchased for resale34€1.11M€1.17M▲

Amounts receivable within one year40/41€324k€909k▲

Trade receivables40€323k€403k▲

Other amounts receivable41€2k€506k▲

Cash at bank and in hand54/58€1.13M€1.54M▲

Deferred charges and accrued income490/1€5k€43k▲

Equity and liabilities

Total equity and liabilities10/49€4.02M€4.99M▲

Equity10/15€347k€533k▲

Contributions10/11€300k€300k=

Reserves13€46k€233k▲

Distributable reserves133€46k€233k▲

Profit (loss) carried forward14€854-

Amounts payable17/49€3.68M€4.46M▲

Amounts payable after more than one year17€724k€583k▼

Financial debts170/4€724k€583k▼

Credit institutions173€724k€583k▼

Amounts payable within one year42/48€2.94M€3.86M▲

Current portion of amounts payable after more than one year42€108k€123k▲

Financial debts43-€377k

Credit institutions430/8-€377k

Trade debts44€2.19M€2.55M▲

Suppliers440/4€2.19M€2.55M▲

Taxes, remuneration and social security45€646k€813k▲

Taxes450/3€96k€205k▲

Remuneration and social security454/9€550k€608k▲

Accrued charges and deferred income492/3€12k€10k▼

Income statement Code20242026

Operating income70/76A€35.64M€36.79M▲

Turnover70€35.12M€36.59M▲

Other operating income74€527k€201k▼

Operating charges60/66A€35.48M€35.96M▲

Goods for resale, raw materials and consumables60€28.32M€28.75M▲

Purchases600/8€29.43M€28.81M▼

Change in stocks: decrease (increase)609€-1.11M€-62k▲

Services and other goods61€2.47M€2.66M▲

Remuneration, social security and pensions62€4.60M€4.42M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€134k▲

Other operating charges640/8€6k€6k▼

Operating profit (loss)9901€159k€822k▲

Financial income75/76B€15k€28k▲

Recurring financial income75€15k€28k▲

Income from financial fixed assets750-€28k

Income from current assets751€10k-

Other financial income752/9€5k-

Financial charges65/66B€87k€140k▲

Recurring financial charges65€87k€140k▲

Debt charges650€54k€59k▲

Other financial charges652/9€32k€80k▲

Profit (loss) for the period before taxes9903€87k€711k▲

Income taxes67/77€40k€205k▲

Taxes670/3€40k€205k▲

Profit (loss) for the period9904€47k€506k▲

Profit (loss) for the period to be appropriated9905€47k€506k▲

Appropriation of the result

Profit (loss) to be appropriated9906€47k€507k▲

Profit (loss) brought forward from the previous period14P-€854

Transfer to equity691/2€46k€187k▲

To other reserves6921€46k€187k▲

Profit to be distributed694/7-€320k

Return on contributions (dividend)694-€320k

Social balance

Average headcount (FTE)908779.369.6▼

The notes to these accounts (47 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Gazette 1Filings 2

2026

18-09

State Gazette act Resignation: DELGROUP INVEST SRL (director)

Permanent representative: Amedeo Courcelles · Appointments: J&JJ GROUP SNC, STRATIFY SRL and BENOVITY SRL · Director discharge8 facts ▸

Director resignation, DELGROUP INVEST SRL (director)
Permanent representative, Amedeo Courcelles (permanent representative)
Director discharge, DELGROUP INVEST SRL
Director appointment, J&JJ GROUP SNC (director)
Director appointment, STRATIFY SRL (director)
Director appointment, BENOVITY SRL (director)
Power of attorney, David Prync
Power of attorney, Ivana Jeanmart

01-09

NBB filing Annual accounts filed

fiscal year 2026 · full schema

31-03

Financial Equity above €500kEq €533k ▲53.6%

2 profitable years in a row build equity to €533k.

2025

01-07

NBB filing Annual accounts filed

fiscal year 2024 · unclassified schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

under verification, no change since 2026

This board is reconstructed from a single act (26117645). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

BENOVITY

Director · since 31-08-2026 · Private limited company · perm. rep.: Paul Moreau

Current

J & JJ GROUP

Director · since 31-08-2026 · General partnership · perm. rep.: Gilles Verleyen

Current

STRATIFY

Director · since 31-08-2026 · Private limited company (pre-2019) · perm. rep.: Martin Zanchetta

Current

18-09-2026 DELGROUP INVEST: Resigned as Director

31-08-2026 BENOVITY: Appointed as Director

31-08-2026 J & JJ GROUP: Appointed as Director

31-08-2026 STRATIFY: Appointed as Director

Location & real-estate footprint

Registered office, Nivelles · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Chaussée de Mons 181400 Nivelles

Ground area

1,567 m²

Building footprint

579 m²

Volume, LiDAR

3,113 m³

Parcel 25783E0243/00A002, Wallonia · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

DELNIVELLES

Chaussée de Mons 18, 1400 NivellesWholesale of other household goods

since 20232.349.006.537

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25783E0243/00A002	Wallonia	1,567 m²	1 · 579 m²	15.0 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.

Articles of association

Who signs

Each director alone

according to the deed of 18-09-2026

Structure & network

Connections & network

6 connected companies

Shared directors

Linked via shared directors

DELGROUP INVEST

Shared corporate director

→

DELHEUSY

Shared corporate director

→

DELIEGE INVEST

Shared corporate director

→

GMP HEUSY

Shared corporate director

→

Show 2 more companies with a shared director

GMP NIVELLES

Shared corporate director

→

REDPHARMA

Shared corporate director

→

Recognitions · licences · registrations

Food safety, FASFC

1 site · 1 with a smiley

Nivelles2.349.006.537

3 permissions · smiley 2028FR00274 valid until 27-01-2029

Toelating · Detailhandel · since 14-09-2023

Toelating · Viswinkel · since 14-09-2023

Toelating · Vleeswinkel · since 14-09-2023

Similar companies · same sector, comparable size

Hamme (Vl.) · Eq €532k

Of 12,958 companies in sector 47120 we hold annual accounts for 2,190. 1,088 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

Founded18-08-2023

Fiscal year end31-03

Activities, NACEBEL 2025

47110Non-specialised retail sale with food, beverages or tobacco predominating

47120Other non-specialised retail sale

46499Wholesale of other household goods

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.