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.
Financials
Financial year 2026
DELCO from Harelbeke, company number BE0428734456, closed financial year 2026 with a result of € 4,880 after tax. For that financial year DELCO recorded a gross margin of € 7,396 and equity of € -92,842. Compared with financial year 2025, the result moved from € -11,029 to € 4,880. 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 September 29, 2026.
€ -92,842
▲ € 4,880 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,880
▲ still € 11,029 loss in 2025
Profit after tax over the fiscal year.
€ 27,008
▲ € 26,365 vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -131,392.
Debts at end 2026
€ 450,000
Loans from banks and other lenders, long and short.
€ 18,060
▲ € 14,528 vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -36,217 | € 4,111 | € -9,724 | € 7,396 | ▲ € 17,120 |
| Profit after taxes | € -38,494 | € 1,881 | € -11,029 | € 4,880 | ▲ € 15,909 |
| Equity | € -88,573 | € -86,693 | € -97,722 | € -92,842 | ▲ € 4,880 |
| Total debts | € 514,259 | € 517,782 | € 545,953 | € 515,785 | ▼ 6% |
| Cash | € 2,193 | € 9,639 | € 643 | € 27,008 | ▲ € 26,365 |
| Retained profit | € -127,123 | € -125,243 | € -136,272 | € -131,392 | ▲ € 4,880 |
| Bank debt | € 450,000 | € 450,000 | € 450,000 | € 450,000 | |
| Balance sheet total | € 425,686 | € 431,089 | € 448,231 | € 422,943 | ▼ 6% |
Key figures of DELCO, 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 DELCO?
What happened at DELCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 4,880. Source: NBB ↗
- Stefaan DELBAERE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 38,495 loss in 2023 to € 4,880 profit in 2026.
Best year ever: 2026, with € 4,880 profit.
Management
Behind DELCO is Stefaan DELBAERE.
Directors
According to the 2026 annual accounts
Stefaan DELBAERE
Managing director
since 2010
Establishments
Establishment units
Physical locations of this company
Tweede Aardstraat 3
8531 Harelbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.734.456
- VAT number
- BE 0428.734.456
- Registered office
- Tweede Aardstraat 3, 8531 Harelbeke
- Names & denominations
- DELCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 1986
- Peppol
- Active · Active since 4 Mar 2026
- Activities · NACE
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