ACTIVE

Delta 11

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Financial year 2025 · closed on 30/09/2025

Net result

32,6 k €

-97.8% YoY

Gross margin

261,9 k €

+23.1% YoY

Equity

10,3 M €

+0.3% YoY

Workforce

1,8 ETP

+20.0% YoY

What does Delta 11 do?

Delta 11 is a Private limited company incorporated in 2011. Its main activity is: Activities of holding companies. Its registered office is in Gent. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0842.014.042

Incorporation

21/12/2011

Legal form

Private limited company

Registered office

Veurestraat 52
9051 Gent · FlandreSee on map

Contributed capital

1 018 600,00 €

Latest accounts

30/09/2025

Average workforce

1,8 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 81300Landscape service activities 81300Landscape service activities+5

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	261,9 k €	+23.1%	212,7 k €	-51.2%	436 k €		–		–		–		–		–		–		–		–		–
EBITDA	12,6 k €	-68.7%	40,1 k €	-78.3%	184,8 k €	+37.3%	134,5 k €	+64.3%	81,9 k €	+11.8%	73,2 k €	+17.3%	62,4 k €	+5814%	-1,1 k €	-104%	27,2 k €	+1343%	1,9 k €	-97.7%	81,4 k €	-57.0%	189,6 k €
Operating result	2 k €	-94.8%	38,8 k €	-78.8%	183 k €	+38.8%	131,8 k €	+64.9%	80 k €	+11.1%	72 k €	+50.2%	47,9 k €	+399%	-16 k €	-231%	12,3 k €	+198%	-12,5 k €	-119%	67,4 k €	-64.3%	188,7 k €
Net result	32,6 k €	-97.8%	1,5 M €	+826%	163,4 k €	-94.4%	2,9 M €	+298%	733 k €	-0.3%	735 k €	+42.1%	517,2 k €	-55.5%	1,2 M €	+70.1%	683,7 k €	+16.8%	585,1 k €	+24.4%	470,5 k €	+116%	217,8 k €
Balance sheet
Equity	10,3 M €	+0.3%	10,3 M €	+17.3%	8,7 M €	+1.9%	8,6 M €	+30.7%	6,6 M €	+21.8%	5,4 M €	+15.8%	4,7 M €	+12.5%	4,1 M €	+39.1%	3 M €	+29.8%	2,3 M €	+34.3%	1,7 M €	+38.1%	1,2 M €
Total assets	10,5 M €	-5.9%	11,1 M €	+18.5%	9,4 M €	-0.5%	9,4 M €	+13.7%	8,3 M €	+20.4%	6,9 M €	-6.8%	7,4 M €	+5.3%	7 M €	+10.5%	6,3 M €	+7.1%	5,9 M €	+7.8%	5,5 M €	+3.8%	5,3 M €
Cash	90,7 k €	+153%	35,8 k €	+6.4%	33,6 k €	+90.8%	17,6 k €	+252%	5 k €	-97.5%	203,8 k €	+2059%	9,4 k €	-44.0%	16,8 k €	+781%	1,9 k €	-92.3%	24,9 k €	-86.8%	188,9 k €	+9925%	1,9 k €
Debts	162,2 k €	-80.9%	848,3 k €	+224%	262,2 k €	-44.2%	469,5 k €	-61.0%	1,2 M €	+15.5%	1 M €	-55.0%	2,3 M €	-7.3%	2,5 M €	-17.7%	3 M €	-8.1%	3,3 M €	-6.7%	3,5 M €	-8.9%	3,9 M €
Other
Workforce	1,8 ETP	+20.0%	1,5 ETP	-34.8%	2,3 ETP	-36.1%	3,6 ETP	-12.2%	4,1 ETP	+95.2%	2,1 ETP	0.0%	2,1 ETP	+16.7%	1,8 ETP	+80.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+150%	0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

Jan Labeeuw

Director

Active

Ended mandates

Jan Labeeuw

Director · since 16 décembre 2011

Ended

Jan Labeeuw

Manager · since 16 décembre 2011

Ended

At this address

Other companies at this address

Company	CBE no.
M-ATERIAUX● Active	0801.631.754
M Build● Active	0730.713.569
PHISOR● Active	0464.606.541

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	29/04/2025	30/04/2024	28/04/2023	21/04/2022	27/04/2021
General meeting	07/03/2026	01/03/2025	02/03/2024	31/03/2023	05/03/2022	31/03/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	07/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	01/03/2025	29/04/2025	Dutch	PDF
Abridged model	30/09/2023	02/03/2024	30/04/2024	Dutch	PDF
Full model	30/09/2022	31/03/2023	28/04/2023	Dutch	PDF
Full model	30/09/2021	05/03/2022	21/04/2022	Dutch	PDF
Full model	30/09/2020	31/03/2021	27/04/2021	Dutch	PDF
Full model	30/09/2019	07/03/2020	09/03/2020	Dutch	PDF
Full model	30/09/2018	02/03/2019	02/04/2019	Dutch	PDF
Full model	30/09/2017	03/03/2018	20/03/2018	Dutch	PDF
Full model	30/09/2016	04/03/2017	16/03/2017	Dutch	PDF
Full model	30/09/2015	05/03/2016	16/03/2016	Dutch	PDF
Full model	30/09/2014	07/03/2015	13/03/2015	Dutch	PDF
Full model	30/09/2013	01/03/2014	24/03/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/09/2025 · 1 active · 2 ended

Active mandates

Jan Labeeuw

Director

Active

Ended mandates

Jan Labeeuw

Director · since 16 décembre 2011

Ended

Jan Labeeuw

Manager · since 16 décembre 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/07/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Registered office23/02/2017
MAATSCHAPPELIJKE ZETEL
PDF
Registered office12/04/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - MAATSCHAPPELIJKE ZETEL
PDF
Other23/12/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202532,6 k €↓
2024
Annual accounts 20241,5 M €↑
2023
Annual accounts 2023163,4 k €↓
2022
Annual accounts 20222,9 M €↑
2021
Annual accounts 2021733 k €↓
2019
Annual accounts 2019735 k €↑
2018
Annual accounts 2018517,2 k €↓
2017
Annual accounts 20171,2 M €↑
2016
Annual accounts 2016683,7 k €↑
2015
Annual accounts 2015585,1 k €↑
2014
Annual accounts 2014470,5 k €↑
2013
Annual accounts 2013217,8 k €
21/12/2011
IncorporationPrivate 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 11

Overview

What does Delta 11 do?

Trend over 12 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