Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 11,780 to 3,423.3.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
DELHAIZE BROTHERS AND Co. "THE LION" (DELHAIZE GROUP) from Asse, company number BE0402206045, closed financial year 2025 with a result of € 177.8 million after tax. For that financial year DELHAIZE BROTHERS AND Co. "THE LION" (DELHAIZE GROUP) recorded revenue of € 5.5 billion and equity of € 239.4 million. Compared with financial year 2024, the result moved from € 8.5 million to € 177.8 million. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 239.4 million
▼ 46% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 177.8 million
▲ € 169.4 million vs 2024
Profit after tax over the fiscal year.
€ 352.9 million
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 178.3 million paid out
100 % of the profit went to the shareholders, mostly to DHolding BV (100 % of the shares). That is where the money ends up.
People and assets in 2025
3,423.3
▼ 2,590.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 326.9 million
▼ 22% vs 2024
€ 95,500 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.
€ 17.6 million
▲ 59% vs 2024
Of which on lease € 246,301.
Debts at end 2025
€ 355.1 million
▲ 15% vs 2024
Loans from banks and other lenders, long and short.
€ 902 million
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 65 days on average.
€ 111.6 million
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,308,254,402 | € 5,327,375,764 | € 5,581,258,645 | € 5,492,209,173 | ▼ 2% |
| Profit after taxes | € 431,833,025 | € -382,341,612 | € 8,462,426 | € 177,827,804 | ▲ € 169.4 million |
| Equity | € 1,076,406,031 | € 694,064,419 | € 439,880,655 | € 239,392,752 | ▼ 46% |
| Total debts | € 1,235,927,804 | € 1,407,191,272 | € 1,522,278,212 | € 1,745,628,524 | ▲ 15% |
| Cash | € 92,150,745 | € 206,678,023 | € 350,410,224 | € 352,880,813 | ▲ 1% |
| Land & buildings | € 259,391,571 | € 276,713,372 | € 258,447,396 | € 248,903,161 | ▼ 4% |
| Retained profit | € 500,811,773 | € 118,470,161 | € 67,909,096 | € 67,421,193 | ▼ 1% |
| Dividend | € 0 | € 0 | € 59,023,490 | € 178,315,707 | ▲ 202% |
| Bank debt | € 151,057,402 | € 236,527,644 | € 308,474,329 | € 355,144,341 | ▲ 15% |
| Balance sheet total | € 2,323,590,666 | € 2,188,794,330 | € 2,012,014,174 | € 2,023,612,499 | ▲ 1% |
| Employees (FTE) | 12,410 | 11,780 | 6,014.1 | 3,423.3 | ▼ 2,590.8 |
Key figures of DELHAIZE BROTHERS AND Co. "THE LION" (DELHAIZE GROUP), 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 DELHAIZE BROTHERS AND Co. "THE LION" (DELHAIZE GROUP)?
What happened at DELHAIZE BROTHERS AND Co. "THE LION" (DELHAIZE GROUP) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alexandros Boussis stepped down as director. NBB
- Chloe Thoelen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 177.8 million (▲ € 169.4 million vs 2024). Source: NBB ↗
- Alexandros Boussis became a director. NBB
- Xavier Piesvaux stepped down as director. NBB
- Chloe Thoelen became a director. NBB
- Xavier Piesvaux became a director. NBB
- New establishment in Asse. KBO
In short
From € 431.8 million profit in 2022 to € 177.8 million profit in 2025.
Paid € 21 million in corporate taxes since 2022.
Best year ever: 2022, with € 431.8 million profit.
Paid out € 237.3 million in dividends to the owners in total.
A new publication or filing at DELHAIZE BROTHERS AND Co. "THE LION" (DELHAIZE GROUP)? 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 DHolding BV (100%). It owns 100% of DELIMMO, 100% of MASDIK, 100% of PICKSTAR, 100% of MASSELUS, 100% of DELHAIZE LUXEMBOURG S.A. and 100% of DELHAIZE BUSINESS EXPANSION itself.
Directors
According to the 2025 annual accounts
Alexandros Boussis
Director
Also active at: Delimmo, DELHOME, POINTS PLUS PUNTEN, DELHAIZE BUSINESS EXPANSION
since 2026 · until 2031
Xavier Piesvaux
Director
Also active at: Delimmo, DELHOME, POINTS PLUS PUNTEN, DELHAIZE BUSINESS EXPANSION, Tastyoo, Del-eat
since 2023 · until 2026
Chloe Thoelen
Director
Also active at: Delimmo, DELHOME, DELHAIZE BUSINESS EXPANSION, Tastyoo, Del-eat
since 2024 · until 2030
Shareholders
DHolding BV
100%
Participations
100%
100%
100%
100%
DELHAIZE LUXEMBOURG S.A.
100%
DELHAIZE DISTRIBUTION LUXEMBOURG S.A.
99.9%
99.6%
80%
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 347
1730 Asse
Broekooi Z.4 box 130
1731 Asse
Active since 1 November 2005
Broekooi Z.4 box 120
1731 Asse
Active since 1 January 1965
Broekooi 150
1731 Asse
Active since 1 January 1972
Nederwijk-Oost 287
9400 Ninove
Active since 1 January 1980
Broekooi Z.4 box 210
1731 Asse
Active since 1 January 1971
Broekooi Z.4 box 211
1731 Asse
Active since 3 April 2006
Z. 4 Broekooi 135
1730 Asse
Active since 9 September 2009
Brusselsesteenweg 347 box a
1730 Asse
Active since 1 June 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Delimmo same network
€ 88.4 million revenue · 2025
DELHOME same network
€ 40.3 million revenue · 2025
EDIBEL
Vlaamse Media Holding
DELROE
€ 25.7 million revenue · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AKAMAI-ASN1, NL
Website info
Features
Security
Network
Details
- Company number
- 0402.206.045
- VAT number
- BE 0402.206.045
- Registered office
- Brusselsesteenweg 347, 1730 Asse
- Names & denominations
- DELHAIZE BROTHERS AND Co. "THE LION" (DELHAIZE GROUP) · DELHAIZE GROUP · Delhaize Le Lion/De Leeuw
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1962
- Peppol
- Active · Active since 3 Sept 2024
- Contact
- delhaize.be 02 412 21 11
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Supermarkten (verkoopsoppervlakte tussen 400 m2 en minder dan 2.500 m2)
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