ACTIVE

DELTA REFRIGERATION

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Financial year 2025 · closed on 31/12/2025

Net result

141,1 k €

-0.7% YoY

Gross margin

132,4 k €

-0.3% YoY

Equity

431,7 k €

+48.6% YoY

What does DELTA REFRIGERATION do?

DELTA REFRIGERATION is a Public limited company incorporated in 2002. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Herstal.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.086.967

Incorporation

29/07/2002

Legal form

Public limited company

Registered office

Rue d'Abhooz 23
4040 Herstal · WallonieSee on map

Contributed capital

1 297 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

46643Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46693Wholesale of other machinery and equipment 51871Air transport

Joint committees (4)

149
14901
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Gross margin	132,4 k €	-0.3%	132,7 k €	+0.3%	132,3 k €	+230%	40,1 k €	+375%	-14,6 k €	+1.9%	-14,9 k €	+37.5%	-23,7 k €	-176%	31,2 k €	-77.7%	140,2 k €		–		–		–		–		–		1,2 M €	+67.1%	726,7 k €	+86.0%	390,7 k €	-49.7%	776,5 k €	-26.7%	1,1 M €	+40.6%	753,8 k €
EBITDA	132,4 k €	-0.3%	132,7 k €	+0.5%	132 k €	+2194%	-6,3 k €	+66.7%	-18,9 k €	-26.0%	-15 k €	+37.4%	-24 k €	-75.2%	-13,7 k €	-124%	57,6 k €	+147%	-123,8 k €	-576%	26 k €	-81.2%	138,1 k €	+42.8%	96,8 k €	+844%	-13 k €	+97.4%	-504,3 k €	-60.0%	-315,2 k €	+65.0%	-900,3 k €	-230%	-272,6 k €	-197%	281,1 k €	+36.5%	205,9 k €
Operating result	132,4 k €	-0.3%	132,7 k €	+0.5%	132 k €	+2194%	-6,3 k €	+66.7%	-18,9 k €	-18.0%	-16 k €	+35.9%	-25 k €	+30.1%	-35,8 k €	-179%	45,2 k €	+134%	-132,7 k €	-568%	28,4 k €	-59.5%	70,1 k €	+11.9%	62,6 k €	+194%	-66,5 k €	+87.7%	-541 k €	-28.0%	-422,8 k €	+65.8%	-1,2 M €	-176%	-447,9 k €	-468%	121,7 k €	+80.1%	67,6 k €
Net result	141,1 k €	-0.7%	142,1 k €	+8.2%	131,3 k €	+2052%	-6,7 k €	+64.9%	-19,2 k €	-15.7%	-16,6 k €	+33.9%	-25,1 k €	+27.8%	-34,7 k €	-187%	39,9 k €	+129%	-136,1 k €	-722%	21,9 k €	-67.7%	67,9 k €	+15.9%	58,6 k €	-46.5%	109,5 k €	+117%	-643,6 k €	-194%	682,6 k €	+155%	-1,2 M €	-137%	-522,9 k €	-1100%	52,3 k €	+87.8%	27,9 k €
Balance sheet
Equity	431,7 k €	+48.6%	290,6 k €	+95.7%	148,5 k €	+763%	17,2 k €	-28.1%	23,9 k €	-44.5%	43,1 k €	-27.8%	59,7 k €	-29.6%	84,7 k €	-29.1%	119,4 k €	+50.1%	79,6 k €	-63.1%	215,7 k €	+11.3%	193,8 k €	+53.9%	125,9 k €	+86.9%	67,3 k €	+114%	-489,6 k €	-418%	154 k €	+114%	-1,1 M €	-697%	-141,6 k €	-137%	381,3 k €	+15.9%	329 k €
Total assets	448,2 k €	+43.6%	312 k €	+90.3%	164 k €	-7.7%	177,7 k €	-3.1%	183,3 k €	-9.3%	202,2 k €	-8.0%	219,8 k €	-22.5%	283,5 k €	-8.4%	309,6 k €	-5.4%	327,4 k €	-31.3%	476,3 k €	-7.3%	513,6 k €	+6.5%	482 k €	-25.1%	643,8 k €	-43.9%	1,1 M €	-19.2%	1,4 M €	-4.7%	1,5 M €	-28.9%	2,1 M €	-4.5%	2,2 M €	+7.4%	2 M €
Cash	1,5 k €	-98.4%	94,5 k €	+481%	16,3 k €	+320%	3,9 k €	-50.6%	7,8 k €	+113%	3,7 k €	+5.6%	3,5 k €	+228%	1,1 k €	-76.6%	4,5 k €	-71.8%	16,1 k €	+864%	1,7 k €	-94.7%	31,2 k €	+218%	9,8 k €	-19.4%	12,2 k €	-79.9%	60,6 k €	-34.4%	92,3 k €	-74.7%	364,4 k €	+3089%	11,4 k €	-93.0%	162,5 k €	-9.1%	178,8 k €
Debts	16,5 k €	-23.0%	21,4 k €	+38.4%	15,5 k €	-90.4%	160,5 k €	+0.7%	159,4 k €	+0.2%	159,1 k €	-0.6%	160 k €	-19.4%	198,5 k €	+4.5%	189,9 k €	-23.3%	247,6 k €	-4.9%	260,2 k €	-14.7%	305 k €	-14.2%	355,4 k €	-36.5%	559,5 k €	-64.9%	1,6 M €	+37.1%	1,2 M €	-53.6%	2,5 M €	+12.1%	2,2 M €	+41.1%	1,6 M €	+3.7%	1,5 M €
Other
Workforce	–		–		–		0,8 ETP		–		–		–		0,4 ETP	-66.7%	1,2 ETP	-40.0%	2,0 ETP	-42.9%	3,5 ETP	-30.0%	5,0 ETP	0.0%	5,0 ETP	-51.0%	10,2 ETP	-47.4%	19,4 ETP	-6.7%	20,8 ETP	0.0%	20,8 ETP	-8.8%	22,8 ETP	+24.6%	18,3 ETP	+34.6%	13,6 ETP

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 · 2 active · 43 ended

Active mandates

LXB MANAGEMENT

Director · since 27 juin 2025 · until 27 juin 2031 · 0847.216.212

Represented by Benoit LEVAUX

Active

Philippe DOUIN

Managing director · since 27 juin 2025 · until 27 juin 2031

Active

Ended mandates

LXB MANAGEMENT

Director · since 27 juin 2019 · until 27 juin 2025 · 0847.216.212

Represented by Benoit LEVAUX

Ended

LXB MANAGEMENT

Director · since 27 juin 2019 · until 27 juin 2025 · 0847.216.212

Represented by Benoit LEVAUX

Ended

NOSHAQ

Director · since 27 juin 2019 · until 03 juin 2022 · 0426.624.509

Represented by Christine GERARDY

Ended

NOSHAQ

Director · since 27 juin 2019 · until 27 juin 2025 · 0426.624.509

Represented by Christine GERARDY

Ended

At this address

Other companies at this address

Company	CBE no.
BIOM● Active	0894.997.620
DELTA GROUP● Active	0885.817.262
DELTA MAINTENANCE● Active	0471.022.201
DELTA THERMIC● Active	0718.718.629
DELTA THERMIC - VERTON FRERES● Active	0553.875.641
DTBE-DTO● Active	1010.616.472
DTO● Active	0452.126.797
PHDJ● Active	0431.035.138
SM DELTA THERMIC-VMA● Active	0799.409.365

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged 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	20/08/2026	18/07/2025	30/08/2024	20/07/2023	22/07/2022	20/07/2021
General meeting	06/08/2026	30/06/2025	28/08/2024	30/06/2023	29/06/2022	23/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	06/08/2026	20/08/2026	French	PDF
Micro model	31/12/2024	30/06/2025	18/07/2025	French	PDF
Micro model	31/12/2023	28/08/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	20/07/2023	French	PDF
Abridged model	31/12/2021	29/06/2022	22/07/2022	French	PDF
Abridged model	31/12/2020	23/06/2021	20/07/2021	French	PDF
Abridged model	31/12/2019	08/07/2020	23/07/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	19/07/2019	French	PDF
Abridged model	31/12/2017	24/10/2018	31/10/2018	French	PDF
Full model	31/12/2016	29/06/2017	24/07/2017	French	PDF
Full model	31/12/2015	07/07/2016	26/07/2016	French	PDF
Full model	31/12/2014	29/06/2015	23/07/2015	French	PDF
Full model	30/06/2014	11/12/2014	19/12/2014	French	PDF
Full model	30/06/2013	18/11/2013	28/11/2013	French	PDF
Abridged model	30/06/2012	23/01/2013	23/01/2013	French	PDF
Abridged model	31/12/2010	07/06/2011	02/09/2011	French	PDF
Abridged modelCorrection	31/12/2009	10/11/2010	15/11/2010	French	PDF
Abridged model	31/12/2009	13/07/2010	26/07/2010	French	PDF
Abridged model	31/12/2008	28/06/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	11/06/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	26/06/2007	French	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 · 2 active · 43 ended

Active mandates

LXB MANAGEMENT

Director · since 27 juin 2025 · until 27 juin 2031 · 0847.216.212

Represented by Benoit LEVAUX

Active

Philippe DOUIN

Managing director · since 27 juin 2025 · until 27 juin 2031

Active

Ended mandates

LXB MANAGEMENT

Director · since 27 juin 2019 · until 27 juin 2025 · 0847.216.212

Represented by Benoit LEVAUX

Ended

LXB MANAGEMENT

Director · since 27 juin 2019 · until 27 juin 2025 · 0847.216.212

Represented by Benoit LEVAUX

Ended

NOSHAQ

Director · since 27 juin 2019 · until 03 juin 2022 · 0426.624.509

Represented by Christine GERARDY

Ended

NOSHAQ

Director · since 27 juin 2019 · until 27 juin 2025 · 0426.624.509

Represented by Christine GERARDY

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates03/06/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office26/01/2021
SIEGE SOCIAL
PDF
Mandates22/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates29/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates03/02/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates22/08/2016
DEMISSIONS, NOMINATIONS
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 2025141,1 k €↓
2024
Annual accounts 2024142,1 k €↑
2023
Annual accounts 2023131,3 k €↑
2022
Annual accounts 2022-6,7 k €↑
2021
Annual accounts 2021-19,2 k €↓
2020
Annual accounts 2020-16,6 k €↑
2019
Annual accounts 2019-25,1 k €↑
2018
Annual accounts 2018-34,7 k €↓
2017
Annual accounts 201739,9 k €↑
2016
Annual accounts 2016-136,1 k €↓
2015
Annual accounts 201521,9 k €↓
2014
Annual accounts 201467,9 k €↑
2014
Annual accounts 201458,6 k €↓
2014
Name changeDELTA REFRIGERATION
2013
Annual accounts 2013109,5 k €↑
2012
Annual accounts 2012-643,6 k €↓
2010
Annual accounts 2010682,6 k €↑
2009
Annual accounts 2009-1,2 M €↓
2008
Annual accounts 2008-522,9 k €↓
2007
Annual accounts 200752,3 k €↑
2006
Annual accounts 200627,9 k €
2006
Name changeGELTECH
29/07/2002
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

DELTA REFRIGERATION

Overview

What does DELTA REFRIGERATION 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