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 36 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 10.2 to 6.1.
Financials
Financial year 2025
DELGA INVEST from Tielt, company number BE0476985523, closed financial year 2025 with a result of € 211 after tax. For that financial year DELGA INVEST recorded a gross margin of € 514,948 and equity of € 171,148. Compared with financial year 2024, the result moved from € 75 to € 211. 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 February 5, 2026.
€ 171,148
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 211
▲ 183% vs 2024
Profit after tax over the fiscal year.
€ 36,521
▲ 105% 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 € 109,148.
People and assets in 2025
6.1
▼ 2.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 316,231
▼ 33% vs 2024
€ 51,800 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.
€ 31,402
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.2 million
▲ 36% vs 2024
€ 157,359 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 379,016
▲ € 335,238 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,568
▼ 22% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 761,089 | € 1,050,734 | € 678,560 | € 514,948 | ▼ 24% |
| Profit after taxes | € 123 | € 40 | € 75 | € 211 | ▲ 183% |
| Equity | € 170,822 | € 170,862 | € 170,937 | € 171,148 | |
| Total debts | € 2,362,089 | € 2,197,068 | € 2,040,048 | € 2,971,946 | ▲ 46% |
| Cash | € 48,552 | € 24,272 | € 17,777 | € 36,521 | ▲ 105% |
| Land & buildings | € 2,252,814 | € 1,894,716 | € 1,792,017 | € 2,782,718 | ▲ 55% |
| Retained profit | € 108,822 | € 108,862 | € 108,937 | € 109,148 | |
| Bank debt | € 1,924,948 | € 1,798,625 | € 1,648,988 | € 2,240,107 | ▲ 36% |
| Balance sheet total | € 2,532,911 | € 2,367,930 | € 2,210,985 | € 3,143,094 | ▲ 42% |
| Employees (FTE) | 12.1 | 10.2 | 8.4 | 6.1 | ▼ 2.3 |
Key figures of DELGA INVEST, 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 DELGA INVEST?
What happened at DELGA INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Katrien De Vlieger stepped down as director. NBB
- Eddy Gabriels stepped down as director. NBB
- INNOTECH BVBA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 211 (▲ 183% vs 2024). filed late Source: NBB ↗
- Katrien De Vlieger became a director. NBB
- Eddy Gabriels became a director. NBB
- INNOTECH BVBA became a director. NBB
- New establishment in Wielsbeke. KBO
In short
From € 123 profit in 2022 to € 211 profit in 2025.
Paid € 6,080 in corporate taxes since 2022.
Best year ever: 2025, with € 211 profit.
On average € 84,400 of value added per employee in 2025.
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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
Directors
According to the 2025 annual accounts
since 2021 · until 2027
since 2021 · until 2027
Managing director · represented by Eddy Gabriels
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Abeelstraat 18
8700 Tielt
Splenterbeekstraat 5
8710 Wielsbeke
Active since 24 May 2002
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.985.523
- VAT number
- BE 0476.985.523
- Registered office
- Abeelstraat 18, 8700 Tielt
- Names & denominations
- DELGA INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 2002
- Peppol
- Active · Active since 27 May 2026
- Activities · NACE
Elektrische installatie
Algemene elektrotechnische installatiewerken
Algemene bouw van residentiële gebouwen
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Sanitaire werkzaamheden
Overig loodgieterswerk
Installatie van verwarming, klimaatregeling en ventilatie
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