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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
N.V. Biscuits DELACRE S.A. from Watermaal-Bosvoorde, company number BE0434979177, closed financial year 2025 with a result of € -38.3 million after tax. For that financial year N.V. Biscuits DELACRE S.A. recorded revenue of € 127.2 million and equity of € 31.9 million. Compared with financial year 2024, the result moved from € -36.1 million to € -38.3 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 2, 2026.
€ 31.9 million
▲ 119% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38.3 million
▼ 6 % more loss than in 2024
Profit after tax over the fiscal year.
€ 7.6 million
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -31.7 million.
People and assets in 2025
319.7
▼ 12.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 39.2 million
▲ 3% vs 2024
€ 122,800 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.
€ 235,166
▼ 51% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 41.9 million
▼ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 37.4 million
▲ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 111 days on average.
€ 11.6 million
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 132,729,728 | € 124,773,322 | € 129,051,062 | € 127,199,600 | ▼ 1% |
| Profit after taxes | € -24,165,275 | € -35,339,293 | € -36,129,575 | € -38,299,745 | ▼ € 2.2 million |
| Equity | € 3,437,698 | € 6,518,448 | € 14,610,812 | € 31,949,491 | ▲ 119% |
| Total debts | € 86,575,525 | € 81,909,451 | € 85,729,367 | € 93,612,324 | ▲ 9% |
| Cash | € 5,093,295 | € 2,166,348 | € 7,708,156 | € 7,618,214 | ▼ 1% |
| Land & buildings | € 10,957,575 | € 10,571,446 | € 10,759,042 | € 11,102,602 | ▲ 3% |
| Retained profit | € -17,597,947 | € -28,771,965 | € -29,562,246 | € -31,732,416 | ▼ € 2.2 million |
| Bank debt | € 39,093,507 | € 41,218,854 | € 44,435,842 | € 41,902,179 | ▼ 6% |
| Balance sheet total | € 92,429,933 | € 90,880,567 | € 103,069,234 | € 128,610,301 | ▲ 25% |
| Employees (FTE) | 310 | 349.6 | 332.3 | 319.7 | ▼ 12.6 |
Key figures of N.V. Biscuits DELACRE S.A., 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 March 2027.
What happened to N.V. Biscuits DELACRE S.A.?
What happened at N.V. Biscuits DELACRE S.A. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 38.3 million. Source: NBB ↗
- Alberto Cavalleris stepped down as director. NBB
- Guido Giannotta stepped down as director. NBB
- Gabriele Caponcello stepped down as director. NBB
- Christophe Neumann stepped down as director. NBB
- Gabriele Caponcello became a director. NBB
- Alberto Cavalleris became a director. NBB
- Christophe Neumann became a director. NBB
In short
From € 24.2 million loss in 2022 to € 38.3 million loss in 2025.
Paid € 170,323 in corporate taxes since 2022.
Pays suppliers within 111 days on average.
A new publication or filing at N.V. Biscuits DELACRE S.A.? 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 Fine Biscuits Company (FBC) (100%).
Directors
According to the 2025 annual accounts
since 2023 · until 2026
Guido Giannotta
Director
since 2016 · until 2026
since 2024 · until 2026
Christophe Neumann
Director
since 2018 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Emile Van Becelaerelaan 2
1170 Watermaal-Bosvoorde
Rue de Wegnez 11
4800 Verviers
Active since 29 September 1988
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0434.979.177
- VAT number
- BE 0434.979.177
- Registered office
- Emile Van Becelaerelaan 2, 1170 Watermaal-Bosvoorde
- Names & denominations
- N.V. Biscuits DELACRE S.A.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 August 1988
- Peppol
- Active · Active since 15 Sept 2025
- Activities · NACE
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