ACTIVE

DELFI

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Financial year 2025 · closed on 31/12/2025

Net result

83,6 k €

+1.7% YoY

Gross margin

283,2 k €

-3.7% YoY

Equity

568,9 k €

+14.9% YoY

What does DELFI do?

DELFI is a Public limited company incorporated in 1988. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.815.258

Incorporation

12/11/1988

Legal form

Public limited company

Registered office

Tillegemstraat 25
8200 Brugge · FlandreSee on map

Contributed capital

220 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	283,2 k €	-3.7%	294,2 k €	+10.7%	265,7 k €	-0.1%	266 k €	+20.5%	220,8 k €	+11.7%	197,7 k €	+2.3%	193,3 k €	-3.6%	200,5 k €	-2.7%	206 k €	-15.3%	243,3 k €	+7.8%	225,7 k €	-1.7%	229,6 k €	-41.2%	390,6 k €	+224%	120,5 k €	+4.1%	115,8 k €	-63.6%	318,5 k €	+5425%	5,8 k €	+142%	-13,8 k €
EBITDA	262,6 k €	-2.8%	270 k €	+9.4%	246,7 k €	-1.1%	249,4 k €	+23.0%	202,8 k €	+15.5%	175,5 k €	-1.6%	178,5 k €	-4.2%	186,3 k €	-2.9%	191,9 k €	-16.3%	229,1 k €	+8.3%	211,5 k €	+0.8%	209,7 k €	-45.1%	381,9 k €	+239%	112,8 k €	+2.5%	110,1 k €	-64.9%	313,9 k €	+21279%	1,5 k €	+107%	-20,7 k €
Operating result	159,9 k €	-3.9%	166,3 k €	+23.4%	134,8 k €	-3.1%	139,1 k €	+45.1%	95,9 k €	+2.5%	93,5 k €	-3.8%	97,3 k €	-7.4%	105,1 k €	-6.5%	112,4 k €	-24.9%	149,7 k €	+14.1%	131,2 k €	+1.4%	129,5 k €	-57.1%	301,7 k €	+778%	34,3 k €	+5.2%	32,6 k €	-87.6%	262,6 k €	+1215%	-23,5 k €	+31.1%	-34,1 k €
Net result	83,6 k €	+1.7%	82,2 k €	+49.4%	55 k €	-15.0%	64,7 k €	+146%	26,3 k €	+362%	5,7 k €	-37.6%	9,1 k €	+45.5%	6,3 k €	+327%	1,5 k €	-98.9%	131,4 k €	+184%	46,2 k €	+11.1%	41,6 k €	-79.9%	207,3 k €	+408%	-67,2 k €	-728%	-8,1 k €	-103%	246,7 k €	+704%	-40,8 k €	+89.9%	-402,3 k €
Balance sheet
Equity	568,9 k €	+14.9%	495 k €	-3.0%	510,5 k €	+5.1%	485,9 k €	+15.4%	421,2 k €	-11.2%	474,2 k €	+1.2%	468,5 k €	-1.2%	474,4 k €	+1.3%	468,1 k €	+0.3%	466,7 k €	-36.5%	735,2 k €	+6.7%	689 k €	+6.4%	647,4 k €	+47.1%	440,1 k €	-13.3%	507,3 k €	-1.6%	515,4 k €	+91.8%	268,8 k €	-13.2%	309,6 k €
Total assets	1,6 M €	-5.2%	1,7 M €	-7.7%	1,8 M €	-4.0%	1,9 M €	-3.0%	2 M €	-20.3%	2,5 M €	-5.6%	2,6 M €	-3.8%	2,7 M €	-4.1%	2,9 M €	-3.3%	3 M €	-0.3%	3 M €	+0.1%	3 M €	-1.1%	3 M €	+6.5%	2,8 M €	-4.5%	2,9 M €	+39.2%	2,1 M €	+85.6%	1,1 M €	+62.8%	698,3 k €
Cash	166,4 k €	+10.2%	151 k €	-20.7%	190,4 k €	+7.4%	177,3 k €	+21.6%	145,8 k €	-71.7%	514,8 k €	-12.3%	587,3 k €	-3.2%	606,7 k €	-4.9%	638 k €	-1.7%	649,1 k €	+11.3%	583 k €	+15.8%	503,6 k €	+13.0%	445,5 k €	+148%	179,7 k €	-40.0%	299,4 k €	+3600%	8,1 k €	+4.3%	7,8 k €	-88.8%	69,4 k €
Debts	1 M €	-13.8%	1,2 M €	-9.5%	1,3 M €	-7.0%	1,4 M €	-7.9%	1,5 M €	-22.9%	2 M €	-7.0%	2,1 M €	-4.3%	2,2 M €	-5.1%	2,3 M €	-3.7%	2,4 M €	+14.0%	2,1 M €	-3.4%	2,2 M €	-3.3%	2,3 M €	-2.8%	2,3 M €	-2.7%	2,4 M €	+52.7%	1,6 M €	+82.2%	868,2 k €	+123%	388,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

Chantal Florizoone

Director

Active

Michel Delaeter

Managing director

Active

Stefan Delaeter

Managing director

Active

Ended mandates

Chantal Florizoone

Director · since 22 juin 2019 · until 21 juin 2025

Ended

Michel Delaeter

Managing director · since 22 juin 2019 · until 21 juin 2025

Ended

Stefan Delaeter

Managing director · since 22 juin 2019 · until 21 juin 2025

Ended

Chantal Florizoone

Managing director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/07/2026	30/07/2025	26/07/2024	19/07/2023	20/07/2022	14/07/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	24/06/2023	25/06/2022	19/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/06/2026	17/07/2026	Dutch	PDF
Micro model	31/12/2024	28/06/2025	30/07/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	26/07/2024	Dutch	PDF
Micro model	31/12/2022	24/06/2023	19/07/2023	Dutch	PDF
Micro model	31/12/2021	25/06/2022	20/07/2022	Dutch	PDF
Micro model	31/12/2020	19/06/2021	14/07/2021	Dutch	PDF
Micro model	31/12/2019	29/06/2020	30/07/2020	Dutch	PDF
Micro model	31/12/2018	22/06/2019	09/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	16/08/2018	Dutch	PDF
Micro model	31/12/2016	17/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	14/07/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	17/07/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	19/07/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	16/07/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

Chantal Florizoone

Director

Active

Michel Delaeter

Managing director

Active

Stefan Delaeter

Managing director

Active

Ended mandates

Chantal Florizoone

Director · since 22 juin 2019 · until 21 juin 2025

Ended

Michel Delaeter

Managing director · since 22 juin 2019 · until 21 juin 2025

Ended

Stefan Delaeter

Managing director · since 22 juin 2019 · until 21 juin 2025

Ended

Chantal Florizoone

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates19/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2007
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202583,6 k €↑
2024
Annual accounts 202482,2 k €↑
2023
Annual accounts 202355 k €↓
2022
Annual accounts 202264,7 k €↑
2021
Annual accounts 202126,3 k €↑
2018
Annual accounts 20185,7 k €↓
2017
Annual accounts 20179,1 k €↑
2016
Annual accounts 20166,3 k €↑
2015
Annual accounts 20151,5 k €↓
2014
Annual accounts 2014131,4 k €↑
2013
Annual accounts 201346,2 k €↑
2012
Annual accounts 201241,6 k €↓
2011
Annual accounts 2011207,3 k €↑
2010
Annual accounts 2010-67,2 k €↓
2009
Annual accounts 2009-8,1 k €↓
2008
Annual accounts 2008246,7 k €↑
2007
Annual accounts 2007-40,8 k €↑
2006
Annual accounts 2006-402,3 k €
12/11/1988
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DELFI

Overview

What does DELFI do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline