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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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Specialiteiten Del Rey from Antwerpen, company number BE0404826431, closed financial year 2025 with a result of € 407,385 after tax. For that financial year Specialiteiten Del Rey recorded a gross margin of € 1.6 million and equity of € 407,995. Compared with financial year 2024, the result moved from € 262,319 to € 407,385. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 28, 2026.
€ 407,995
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 407,385
▲ 55% vs 2024
Profit after tax over the fiscal year.
€ 71,404
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 395,000 paid out
97 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
20.7
▲ 3.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 23% vs 2024
€ 53,800 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.
€ 2,541
▼ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 131,439
▲ 59% vs 2024
€ 21,060 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 120,200
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 109,424
▲ 9% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,367,379 | € 1,253,192 | € 1,237,322 | € 1,608,061 | ▲ 30% |
| Profit after taxes | € 401,563 | € 366,178 | € 262,319 | € 407,385 | ▲ 55% |
| Equity | € 387,114 | € 393,292 | € 395,611 | € 407,995 | ▲ 3% |
| Total debts | € 918,768 | € 616,698 | € 594,092 | € 756,062 | ▲ 27% |
| Cash | € 440,303 | € 485,185 | € 366,391 | € 71,404 | ▼ 81% |
| Land & buildings | € 267,725 | - | - | - | |
| Retained profit | € 258,724 | € 264,902 | € 267,221 | € 279,605 | ▲ 5% |
| Dividend | € 456,890 | € 360,000 | € 260,000 | € 395,000 | ▲ 52% |
| Bank debt | € 298,054 | € 84,667 | € 82,917 | € 131,439 | ▲ 59% |
| Balance sheet total | € 1,305,882 | € 1,009,990 | € 989,702 | € 1,164,058 | ▲ 18% |
| Employees (FTE) | 19.4 | 16.2 | 16.8 | 20.7 | ▲ 3.9 |
Key figures of Specialiteiten Del Rey, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Specialiteiten Del Rey?
What happened at Specialiteiten Del Rey in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 407,385 (▲ 55% vs 2024). Source: NBB ↗
- Attila NV became a director. NBB
- Chadeline BV became a director. NBB
- Jumaxi BV became a director. NBB
- Anne Seutin became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 401,563 profit in 2022 to € 407,385 profit in 2025.
Paid € 23,400 in corporate taxes since 2022.
Best year ever: 2025, with € 407,385 profit.
On average € 77,700 of value added per employee in 2025.
Management
The stake of Chadeline, Jumaxi comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Specialiteiten Del ReyBehind Specialiteiten Del Rey are Attila NV, Anne Seutin, Chadeline BV and Jumaxi BV. The shares are held by Chadeline (35%) and Jumaxi (33.3%).
Directors
According to the 2025 annual accounts
Anne Seutin
Managing director
Also active at: Omni Chimie Belgium, M-FINANCE, NIJLENSE TUINBOUWVENNOOTSCHAP, ATTILA
since 1984
Managing director · represented by Proot JULIE
since 2022
Managing director · represented by Proot JAN
since 2022
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Appelmansstraat 5
2018 Antwerpen
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
Outlook.com (free)
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
Website info
Features
Security
Details
- Company number
- 0404.826.431
- VAT number
- BE 0404.826.431
- Registered office
- Appelmansstraat 5, 2018 Antwerpen
- Names & denominations
- Specialiteiten Del Rey · Del Rey
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 October 1961
- Peppol
- Active · Active since 29 Aug 2025
- Contact
- delrey.be [email protected] +3234702862
- Activities · NACE
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk
Artisanale brood- en banketbakkerijen
Vervaardiging van cacao, chocolade en suikerwerk
Cafés en bars
Cafés