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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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2026
MAROQUINERIE DELVAUX BELGIUM from Etterbeek, company number BE0425153770, closed financial year 2026 with a result of € -68,636 after tax. For that financial year MAROQUINERIE DELVAUX BELGIUM recorded revenue of € 2.3 million and equity of € -4.1 million. Compared with financial year 2025, the result moved from € -109,719 to € -68,636. 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 15, 2026.
€ -4.1 million
▼ € 68,636 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -68,636
▲ 37 % less loss than in 2025
Profit after tax over the fiscal year.
€ 324
▲ € 289 vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.2 million.
People and assets in 2026
37.5
▲ 0.7 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 2% vs 2025
€ 59,400 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.
€ 1,899
▼ 31% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 36,411
▼ 41% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 87 days on average.
€ 270,491
▼ 1% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 1,063,824 | € 1,193,745 | € 2,341,169 | € 2,295,219 | ▼ 2% |
| Profit after taxes | € 108,234 | € -121,090 | € -109,719 | € -68,636 | ▲ € 41,083 |
| Equity | € -3,782,501 | € -3,903,591 | € -4,013,310 | € -4,081,945 | ▼ € 68,636 |
| Total debts | € 9,164,314 | € 8,538,677 | € 8,336,264 | € 8,323,652 | |
| Cash | € 1,261 | € 107,099 | € 35 | € 324 | ▲ € 289 |
| Retained profit | € -3,906,448 | € -4,027,538 | € -4,137,256 | € -4,205,892 | ▼ € 68,636 |
| Bank debt | € 3,000,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 5,381,813 | € 4,635,086 | € 4,322,955 | € 4,241,706 | ▼ 2% |
| Employees (FTE) | 34.9 | 35.7 | 36.8 | 37.5 | ▲ 0.7 |
Key figures of MAROQUINERIE DELVAUX BELGIUM, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to MAROQUINERIE DELVAUX BELGIUM?
What happened at MAROQUINERIE DELVAUX BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alex Meyer stepped down as director. NBB
- Jean-Marc Loubier stepped down as director. NBB
- Karine Willame stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 68,636. Source: NBB ↗
- Karine Willame became a director. NBB
- Grégoire Bedoret stepped down as director. NBB
- Alex Meyer became a director. NBB
- Thomas Loest stepped down as director. NBB
In short
From € 108,234 profit in 2023 to € 68,636 loss in 2026.
Best year ever: 2023, with € 108,234 profit.
Pays suppliers within 87 days on average.
Management
The shares are held by Delvaux Design Coordination & Finances SA (99.9%) and Delvaux Créateur SA (0.1%). It owns 50% of Immodel, 0% of Delvaux Design Coordination & Finances and 0% of Delvaux Créateur itself.
Directors
According to the 2026 annual accounts
since 2025 · until 2029
Jean-Marc Loubier
Director
Also active at: DELVAUX CREATEUR, DELVAUX - LA COMPAGNIE DES LINGES, IMMODEL, DLX Holdings
since 2023 · until 2029
Karine Willame
Director
Also active at: DELVAUX CREATEUR, Delvaux Design Coordination et Finance, DELVAUX RETAIL, IMMODEL, DLX Holdings
since 2026 · until 2029
Thomas Loest
Director
Also active at: DELVAUX CREATEUR, Delvaux Design Coordination et Finance, DELVAUX - LA COMPAGNIE DES LINGES, IMMODEL, DLX Holdings
since 2023 · until 2025
Grégoire Bedoret
Director
Also active at: DELVAUX CREATEUR, DELVAUX - LA COMPAGNIE DES LINGES, IMMODEL
since 2023 · until 2026
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Louis Schmidtlaan 7
1040 Etterbeek
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 →DELVAUX CREATEUR same network
€ 40.7 million revenue · 2026
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
- 0425.153.770
- VAT number
- BE 0425.153.770
- Registered office
- Louis Schmidtlaan 7, 1040 Etterbeek
- Names & denominations
- MAROQUINERIE DELVAUX BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1983
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Vervaardiging van koffers, tassen, zadel- en tuigmakerswerk van ongeacht welk materiaal
Vervaardiging van koffers, tassen en dergelijke, zadel- en tuigmakerswerk