Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
DELVAUX CREATEUR from Etterbeek, company number BE0400613859, closed financial year 2025 with a result of € -33 million after tax. For that financial year DELVAUX CREATEUR recorded revenue of € 98.9 million and equity of € -13.1 million. Compared with financial year 2024, the result moved from € -17.9 million to € -33 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 8, 2025.
€ -13.1 million
▼ € 33 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33 million
▼ 84 % more loss than in 2024
Profit after tax over the fiscal year.
€ 74.1 million
▲ € 68.2 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -65.3 million.
People and assets in 2025
68.9
▲ 9.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.7 million
▲ 19% vs 2024
€ 112,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.8 million
Of which on lease € 425,041.
Debts at end 2025
€ 724,525
▼ 48% vs 2024
Loans from banks and other lenders, long and short.
€ 38.2 million
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 120 days on average.
€ 1.4 million
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 58,085,363 | € 72,232,628 | € 90,038,978 | € 98,922,673 | ▲ 10% |
| Profit after taxes | € -18,434,700 | € 5,060,339 | € -17,878,409 | € -32,975,172 | ▼ € 15.1 million |
| Equity | € -17,262,830 | € -12,202,492 | € 19,919,100 | € -13,056,072 | ▼ € 33 million |
| Total debts | € 78,975,832 | € 97,903,614 | € 76,663,519 | € 126,449,502 | ▲ 65% |
| Cash | € 954,352 | € 29,142,604 | € 5,941,853 | € 74,102,980 | ▲ € 68.2 million |
| Retained profit | € -19,512,830 | € -14,452,492 | € -32,330,900 | € -65,306,072 | ▼ € 33 million |
| Bank debt | € 3,289,689 | € 2,880,328 | € 1,385,790 | € 724,525 | ▼ 48% |
| Balance sheet total | € 62,614,227 | € 85,983,132 | € 96,764,677 | € 113,575,488 | ▲ 17% |
| Employees (FTE) | 49.3 | 51.1 | 59.5 | 68.9 | ▲ 9.4 |
Key figures of DELVAUX CREATEUR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to DELVAUX CREATEUR?
What happened at DELVAUX CREATEUR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Marc Loubier stepped down as director. NBB
- Thomas Loest stepped down as director. NBB
- Grégoire Bedoret stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 33 million. Source: NBB ↗
- Jean-Marc Loubier became a director. NBB
- Thomas Loest became a director. NBB
- Grégoire Bedoret became a director. NBB
- New establishment in Brugge. KBO
In short
From € 18.4 million loss in 2022 to € 33 million loss in 2025.
Paid € 412,769 in corporate taxes since 2022.
Best year ever: 2023, with € 5.1 million profit.
Pays suppliers within 120 days on average.
A new publication or filing at DELVAUX CREATEUR? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Delvauxdesign Coordination et Finances SA (100%) and Maroquinerie Delvaux Belgium SA (0%). It owns 66.5% of MAROQUINERIE DE BOURG ARGENTAL, 37.5% of IMMODEL, 0.1% of MAROQUINERIE DELVAUX BELGIUM, 0.1% of DELVAUX C.D.L and 0% of DELVAUX DESIGN COORDINATION & FINANCES itself.
Directors
According to the 2025 annual accounts
Jean-Marc Loubier
Director
Also active at: MAROQUINERIE DELVAUX BELGIUM, DELVAUX - LA COMPAGNIE DES LINGES, IMMODEL, DLX Holdings
since 2023 · until 2029
Thomas Loest
Director
Also active at: MAROQUINERIE DELVAUX BELGIUM, Delvaux Design Coordination et Finance, DELVAUX - LA COMPAGNIE DES LINGES, IMMODEL, DLX Holdings
since 2023 · until 2029
Grégoire Bedoret
Director
Also active at: MAROQUINERIE DELVAUX BELGIUM, DELVAUX - LA COMPAGNIE DES LINGES, IMMODEL
since 2023 · until 2029
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Louis Schmidtlaan 7
1040 Etterbeek
Koninginnegalerij 31
1000 Brussel
Active since 1 January 1961
Waterloolaan 27
1000 Brussel
Active since 1 January 1961
Komedieplaats 17
2000 Antwerpen
Active since 15 December 1981
Chaussée de Bruxelles 167
1410 Waterloo
Active since 17 November 1976
Breidelstraat 2
8000 Brugge
Active since 1 March 1999
Kustlaan 146
8300 Knokke-Heist
Active since 9 January 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →MAROQUINERIE DELVAUX BELGIUM same network
€ 2.3 million revenue · 2025
Delvaux Design Coordination et Finance same network
DELVAUX RETAIL same network
Beroepskamer van de Fabrikanten van Marokijnwerk, Zadelmakerij en Reisartikelen
ANCIEN COMPTOIR DE TEXTILE ET D'AMEUBLEMENT
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.613.859
- VAT number
- BE 0400.613.859
- Registered office
- Louis Schmidtlaan 7, 1040 Etterbeek
- Names & denominations
- DELVAUX CREATEUR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1961
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Detailhandel in lederwaren en reisartikelen
Groothandel in lederwaren en reisartikelen