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 20 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
DELVAE from Kortrijk, company number BE0452411661, closed financial year 2025 with a result of € 39,279 after tax. For that financial year DELVAE recorded a gross margin of € 151,898 and equity of € 111,052. Compared with financial year 2024, the result moved from € -243,133 to € 39,279. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 111,052
▲ 55% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 39,279
▲ still € 243,133 loss in 2024
Profit after tax over the fiscal year.
€ 60,038
▲ € 48,636 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -36,948.
Debts at end 2025
€ 1.3 million
▼ 6% vs 2024
€ 62,290 is repaid this year. At this pace the long-term loan is gone in ≈ 21 years.
€ 233
▼ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 38,305 | € 35,254 | € 12,201 | € 151,898 | ▲ € 139,696 |
| Profit after taxes | € 5,824 | € 421 | € -243,133 | € 39,279 | ▲ € 282,413 |
| Equity | € 313,757 | € 314,178 | € 71,773 | € 111,052 | ▲ 55% |
| Total debts | € 149,223 | € 124,833 | € 1,609,636 | € 1,561,668 | ▼ 3% |
| Cash | € 16,188 | € 2,506 | € 11,403 | € 60,038 | ▲ € 48,636 |
| Land & buildings | € 493,391 | € 482,469 | € 1,673,294 | € 1,616,902 | ▼ 3% |
| Retained profit | € 165,757 | € 166,178 | € -76,227 | € -36,948 | ▲ € 39,279 |
| Bank debt | € 72,760 | € 52,552 | € 1,387,075 | € 1,309,316 | ▼ 6% |
| Balance sheet total | € 521,759 | € 495,039 | € 1,692,643 | € 1,682,769 | ▼ 1% |
Key figures of DELVAE, 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 DELVAE?
What happened at DELVAE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 39,279. Source: NBB ↗
- Didier Delvae became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,824 profit in 2022 to € 39,279 profit in 2025.
Paid € 5,094 in corporate taxes since 2022.
Best year ever: 2025, with € 39,279 profit.
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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
Behind DELVAE is Didier Delvae. Didier Delvae is also behind 'T NEERHOF.
Directors
According to the 2025 annual accounts
since 2005
Establishments
Establishment units
Physical locations of this company
Burgemeester Gillonlaan(Kor) 24
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.411.661
- VAT number
- BE 0452.411.661
- Registered office
- Burgemeester Gillonlaan(Kor) 24, 8500 Kortrijk
- Names & denominations
- DELVAE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 April 1994
- Peppol
- Not registered