Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Etablissements Delvaux from Modave, company number BE0401445188, closed financial year 2025 with a result of € 5,534 after tax. For that financial year Etablissements Delvaux recorded a gross margin of € 8,789 and equity of € -5,613. Compared with financial year 2024, the result moved from € 4,810 to € 5,534. Profitable, and profit is growing. 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 April 27, 2026.
€ -5,613
▲ € 5,534 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,534
▲ 15% vs 2024
Profit after tax over the fiscal year.
€ 28,778
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -26,436.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 272
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -4,541 | € 8,800 | € 7,001 | € 8,789 | ▲ 26% |
| Profit after taxes | € -9,824 | € 7,162 | € 4,810 | € 5,534 | ▲ 15% |
| Equity | € -23,119 | € -15,957 | € -11,147 | € -5,613 | ▲ € 5,534 |
| Total debts | € 25,311 | € 38,098 | € 39,372 | € 39,617 | ▲ 1% |
| Cash | € 1,873 | € 21,893 | € 27,977 | € 28,778 | ▲ 3% |
| Land & buildings | € 319 | € 248 | € 248 | € 248 | |
| Retained profit | € -43,942 | € -36,781 | € -31,970 | € -26,436 | ▲ € 5,534 |
| Balance sheet total | € 2,192 | € 22,141 | € 28,224 | € 34,004 | ▲ 20% |
Key figures of Etablissements Delvaux, 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 July 2027.
What happened to Etablissements Delvaux?
What happened at Etablissements Delvaux in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,534 (▲ 15% vs 2024). Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Modave. KBO
In short
From € 9,824 loss in 2022 to € 5,534 profit in 2025.
Paid € 2,656 in corporate taxes since 2022.
Best year ever: 2023, with € 7,162 profit.
A new publication or filing at Etablissements Delvaux? 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
Behind Etablissements Delvaux is Raphael DELVAUX.
Directors
According to the 2025 annual accounts
Raphael DELVAUX
Director
Establishments
Establishment units
Physical locations of this company
Route de Modave 23
4577 Modave
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.445.188
- VAT number
- BE 0401.445.188
- Registered office
- Route de Modave 23, 4577 Modave
- Names & denominations
- Etablissements Delvaux
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Not registered