ACTIVE

Delvith

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 M €

-0.1% YoY

Revenue

28,7 M €

+3.9% YoY

Equity

3,9 M €

+8.0% YoY

Workforce

88,9 ETP

+21.8% YoY

What does Delvith do?

Delvith is a Public limited company incorporated in 1992. Its registered office is in Sankt Vith. It employs on average 88,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.711.517

Incorporation

25/06/1992

Legal form

Public limited company

Registered office

Luxemburger Strasse 50
4780 Sankt Vith · WallonieSee on map

Contributed capital

247 893,52 €

Latest accounts

31/12/2025

Average workforce

88,9 ETP

Joint committees (4)

119
201
202
20201

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	28,7 M €	+3.9%	27,6 M €	+11.3%	24,8 M €	+11.4%	22,2 M €	+5.0%	21,2 M €	+8.3%	19,6 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	3,3 M €	+1.4%	3,2 M €	+33.3%	2,4 M €	+34.1%	1,8 M €	-19.6%	2,3 M €	+25.7%	1,8 M €	+24.1%	1,4 M €	+22.2%	1,2 M €	-0.7%	1,2 M €	+17.6%	1 M €	+6.4%	954,2 k €	+6.8%	893,6 k €	-8.1%	972,6 k €	+9.1%	891,3 k €	+20.0%	742,8 k €	+11.0%	669,4 k €	+6.5%	628,5 k €	+23.5%	508,8 k €	-1.2%	514,9 k €	-2.7%	529,4 k €
Operating result	2,4 M €	+0.7%	2,3 M €	+49.3%	1,6 M €	+57.6%	997,7 k €	-35.3%	1,5 M €	+24.2%	1,2 M €	+22.8%	1 M €	+20.9%	837,6 k €	+1.0%	829 k €	+16.0%	714,5 k €	+17.3%	608,9 k €	+14.2%	533,4 k €	-9.7%	590,6 k €	+52.6%	387 k €	+126%	171,4 k €	-34.2%	260,2 k €	-32.3%	384,7 k €	+39.9%	275 k €	-23.3%	358,7 k €	+1.1%	354,8 k €
Net result	1,5 M €	-0.1%	1,5 M €	+47.7%	1 M €	+82.4%	570,7 k €	-43.4%	1 M €	+20.6%	836,1 k €	+34.7%	620,8 k €	+32.1%	469,9 k €	-2.5%	482 k €	+40.5%	343 k €	-2.8%	352,9 k €	+9.5%	322,2 k €	+8.7%	296,3 k €	+41.5%	209,3 k €	+90.5%	109,9 k €	-13.6%	127,2 k €	-52.4%	267,4 k €	+51.4%	176,6 k €	-30.2%	253,1 k €	+25.9%	201,1 k €
Balance sheet
Equity	3,9 M €	+8.0%	3,6 M €	-14.6%	4,2 M €	+17.2%	3,6 M €	+10.6%	3,2 M €	+25.5%	2,6 M €	+12.5%	2,3 M €	+19.3%	1,9 M €	+9.7%	1,8 M €	+22.1%	1,4 M €	+20.4%	1,2 M €	+14.7%	1 M €	-2.6%	1,1 M €	+9.3%	977,4 k €	+10.7%	883,1 k €	+1.7%	868,2 k €	+0.3%	866 k €	+4.5%	828,6 k €	+6.0%	781,9 k €	+18.7%	658,9 k €
Total assets	11,4 M €	+5.5%	10,8 M €	-5.5%	11,4 M €	+5.5%	10,8 M €	+0.7%	10,8 M €	+8.1%	10 M €	+61.7%	6,2 M €	+25.7%	4,9 M €	+15.3%	4,2 M €	+7.9%	3,9 M €	-7.7%	4,3 M €	+2.7%	4,2 M €	-8.3%	4,5 M €	-3.3%	4,7 M €	-4.8%	4,9 M €	+37.3%	3,6 M €	+11.3%	3,2 M €	-2.4%	3,3 M €	+53.5%	2,1 M €	+0.2%	2,1 M €
Cash	2,1 M €	+21.3%	1,7 M €	+78.6%	959,8 k €	+0.7%	953,5 k €	-57.2%	2,2 M €	+17.8%	1,9 M €	+27.0%	1,5 M €	+22.1%	1,2 M €	+93.7%	630,3 k €	+43.9%	438 k €	-1.7%	445,7 k €	+32.6%	336,1 k €	+5.9%	317,3 k €	-3.7%	329,5 k €	-6.7%	353,3 k €	-10.5%	394,8 k €	+66.9%	236,6 k €	-26.3%	321 k €	+80.4%	177,9 k €	+31.1%	135,7 k €
Debts	7,5 M €	+4.9%	7,1 M €	+0.4%	7,1 M €	+0.5%	7 M €	-3.4%	7,3 M €	+2.2%	7,1 M €	+98.9%	3,6 M €	+34.9%	2,7 M €	+7.2%	2,5 M €	-0.1%	2,5 M €	-18.6%	3 M €	-0.6%	3,1 M €	-10.6%	3,4 M €	-6.6%	3,7 M €	-8.5%	4 M €	+49.7%	2,7 M €	+15.9%	2,3 M €	-5.1%	2,4 M €	+86.6%	1,3 M €	-9.6%	1,4 M €
Other
Workforce	88,9 ETP	+21.8%	73,0 ETP	+35.9%	53,7 ETP	-0.2%	53,8 ETP	+4.7%	51,4 ETP	+19.5%	43,0 ETP	+7.2%	40,1 ETP	+10.2%	36,4 ETP	+10.6%	32,9 ETP	+5.8%	31,1 ETP	+0.6%	30,9 ETP	+6.2%	29,1 ETP	+2.1%	28,5 ETP	+2.2%	27,9 ETP	-31.8%	40,9 ETP	+17.5%	34,8 ETP	-11.7%	39,4 ETP	+0.3%	39,3 ETP	-3.0%	40,5 ETP	-20.4%	50,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

HSG

Managing director · since 31 janvier 2025 · 1014.149.549

Represented by Sebastian Haep

Active

SOFINO

Director · since 12 mars 2022 · until 03 mai 2031 · 0426.825.932

Represented by Elmar Haep

Active

Ended mandates

Anuschka Haep

Director · since 10 février 2025 · until 03 mai 2027

Ended

Katja HAEP

Director · since 10 février 2025 · until 03 mai 2027

Ended

HSG

Director · since 31 janvier 2025 · until 03 mai 2027 · 1014.149.549

Represented by Sebastian Haep

Ended

Karin Jaqueline Schaus

Director · since 31 janvier 2025 · until 03 mai 2027

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	31/08/2026	30/08/2025	30/08/2024	31/08/2023	30/08/2022	30/07/2021
General meeting	03/05/2026	03/05/2025	03/05/2024	03/05/2023	03/05/2022	03/05/2021
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
Full model	31/12/2025	03/05/2026	31/08/2026	German	PDF
Full model	31/12/2024	03/05/2025	30/08/2025	German	PDF
Full model	31/12/2023	03/05/2024	30/08/2024	German	PDF
Full model	31/12/2022	03/05/2023	31/08/2023	German	PDF
Full model	31/12/2021	03/05/2022	30/08/2022	German	PDF
Full model	31/12/2020	03/05/2021	30/07/2021	German	PDF
Abridged model	31/12/2019	04/05/2020	30/07/2020	German	PDF
Abridged model	31/12/2018	03/05/2019	23/08/2019	German	PDF
Abridged model	31/12/2017	03/05/2018	24/07/2018	German	PDF
Abridged model	31/12/2016	03/05/2017	27/07/2017	German	PDF
Abridged model	31/12/2015	03/05/2016	15/07/2016	German	PDF
Abridged model	31/12/2014	04/05/2015	30/07/2015	German	PDF
Abridged model	31/12/2013	03/05/2014	20/08/2014	German	PDF
Abridged model	31/12/2012	03/05/2013	28/08/2013	German	PDF
Abridged model	31/12/2011	03/05/2012	26/07/2012	German	PDF
Abridged model	31/12/2010	03/05/2011	27/07/2011	German	PDF
Abridged model	31/12/2009	03/05/2010	11/08/2010	German	PDF
Abridged model	31/12/2008	04/05/2009	30/06/2009	German	PDF
Abridged model	31/12/2007	03/05/2008	24/06/2008	German	PDF
Abridged model	31/12/2006	03/05/2007	10/07/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 2 active · 23 ended

Active mandates

HSG

Managing director · since 31 janvier 2025 · 1014.149.549

Represented by Sebastian Haep

Active

SOFINO

Director · since 12 mars 2022 · until 03 mai 2031 · 0426.825.932

Represented by Elmar Haep

Active

Ended mandates

Anuschka Haep

Director · since 10 février 2025 · until 03 mai 2027

Ended

Katja HAEP

Director · since 10 février 2025 · until 03 mai 2027

Ended

HSG

Director · since 31 janvier 2025 · until 03 mai 2027 · 1014.149.549

Represented by Sebastian Haep

Ended

Karin Jaqueline Schaus

Director · since 31 janvier 2025 · until 03 mai 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/12/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates02/05/2025
ENTLASSUNG - ERNENNUNG
PDF
Mandates26/03/2025
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares02/01/2025
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - VERSCHIEDENES - KAPITAL - AKTIEN
PDF
Other25/04/2024
GEGENSTAND
PDF
Mandates16/03/2022
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - GEGENSTAND - ENTLASSUNG - ERNENNUNG
PDF
Mandates20/08/2020
ENTLASSUNG - ERNENNUNG
PDF
Restructuring12/09/2019
RUBRIK UMBAU (VERSCHMELZUNG, SPALTUNG, UEBERTRAGUNG VERMOEGEN, USW)
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 20251,5 M €↓
2024
Annual accounts 20241,5 M €↑
2023
Annual accounts 20231 M €↑
2022
Annual accounts 2022570,7 k €↓
2021
Annual accounts 20211 M €↑
2020
Annual accounts 2020836,1 k €↑
2019
Annual accounts 2019620,8 k €↑
2018
Annual accounts 2018469,9 k €↓
2017
Annual accounts 2017482 k €↑
2016
Annual accounts 2016343 k €↓
2015
Annual accounts 2015352,9 k €↑
2014
Annual accounts 2014322,2 k €↑
2013
Annual accounts 2013296,3 k €↑
2012
Annual accounts 2012209,3 k €↑
2011
Annual accounts 2011109,9 k €↓
2010
Annual accounts 2010127,2 k €↓
2009
Annual accounts 2009267,4 k €↑
2008
Annual accounts 2008176,6 k €↓
2007
Annual accounts 2007253,1 k €↑
2006
Annual accounts 2006201,1 k €
25/06/1992
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

Delvith

Overview

What does Delvith do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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