ACTIVE

DELSAEL

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Financial year 2025 · closed on 31/12/2025
Net result
128 k €
-22.6% YoY
Gross margin
1,1 M €
+7.0% YoY
Equity
1 M €
+14.7% YoY
Workforce
10,6 ETP
+16.5% YoY

What does DELSAEL do?

DELSAEL is a Private limited company incorporated in 2012. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Veurne. It employs on average 10,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0845.192.771
Incorporation
12/04/2012
Legal form
Private limited company
Registered office
Pannestraat 223
8630 Veurne · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
10,6 ETP
Activities (NACE)
43221Plumbing, heat and air-conditioning installation· main43221Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation43410Specialised construction activities43910Roofing activities+2
Joint committees (2)
  • 124
  • 200
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

202520242023202220212019201820172016201520142013
Income statement
Gross margin1,1 M €995,9 k €928,3 k €686 k €830,8 k €463,8 k €456,8 k €409,9 k €373,3 k €361 k €297,6 k €462,6 k €
EBITDA290,3 k €346,9 k €339 k €245,1 k €387,5 k €162,1 k €136,6 k €119,8 k €109,2 k €123 k €64,7 k €189,2 k €
Operating result199,9 k €265 k €258,4 k €176,9 k €262,7 k €118,7 k €77,5 k €83,5 k €64,6 k €87,6 k €22,4 k €138,5 k €
Net result128 k €165,4 k €169,1 k €120,8 k €191,5 k €73,9 k €49,1 k €43,9 k €26 k €58,7 k €12,1 k €91,9 k €
Balance sheet
Equity1 M €872,8 k €707,4 k €538,3 k €493,4 k €298,5 k €224,6 k €177,1 k €133,2 k €107,2 k €72,6 k €98,5 k €
Total assets1,9 M €1,9 M €1,8 M €1,7 M €1,5 M €893 k €845 k €552,1 k €557,9 k €580,8 k €527,9 k €247 k €
Cash100,9 k €85,9 k €37,9 k €124,1 k €98,6 k €84,4 k €80,5 k €42,9 k €64 k €93,3 k €58 k €11,8 k €
Debts834,9 k €981,2 k €1,1 M €1,1 M €942,4 k €575,6 k €600,9 k €356,2 k €408,9 k €433,9 k €455,3 k €148,5 k €
Other
Workforce10,6 ETP9,1 ETP8,4 ETP7,4 ETP8,5 ETP6,0 ETP6,6 ETP6,5 ETP6,0 ETP5,0 ETP4,3 ETP3,7 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 · 1 active · 2 ended

Active mandates

KEVIN DELSAEL

Director · since 29 mars 2012

Active

Ended mandates

Kevin Delsael

Manager · since 29 mars 2012

Ended
Kevin Delsael

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/07/202617/06/202529/08/202402/08/202331/08/202227/08/2021
General meeting23/06/202610/06/202530/07/202413/06/202314/06/202208/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202523/06/202610/07/2026DutchPDF
Abridged model31/12/202410/06/202517/06/2025DutchPDF
Abridged model31/12/202330/07/202429/08/2024DutchPDF
Abridged model31/12/202213/06/202302/08/2023DutchPDF
Abridged model31/12/202114/06/202231/08/2022DutchPDF
Abridged model31/12/202008/06/202127/08/2021DutchPDF
Abridged model31/12/201921/08/202028/08/2020DutchPDF
Abridged model31/12/201811/06/201925/07/2019DutchPDF
Abridged model31/12/201712/06/201830/07/2018DutchPDF
Abridged model31/12/201613/06/201710/08/2017DutchPDF
Abridged model31/12/201514/06/201615/07/2016DutchPDF
Abridged model31/12/201409/06/201518/08/2015DutchPDF
Abridged model31/12/201310/06/201418/08/2014DutchPDF
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 · 1 active · 2 ended

Active mandates

KEVIN DELSAEL

Director · since 29 mars 2012

Active

Ended mandates

Kevin Delsael

Manager · since 29 mars 2012

Ended
Kevin Delsael

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/09/2023
    WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office21/06/2021
    MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
    PDF
  • Mandates18/05/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office18/02/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares25/05/2012
    KAPITAAL - AANDELEN
    PDF
  • Other24/04/2012
    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

Timeline

  1. 2025
    Annual accounts 2025128 k €↓
  2. 2024
    Annual accounts 2024165,4 k €↓
  3. 2023
    Annual accounts 2023169,1 k €↑
  4. 2022
    Annual accounts 2022120,8 k €↓
  5. 2021
    Annual accounts 2021191,5 k €↑
  6. 2019
    Annual accounts 201973,9 k €↑
  7. 2018
    Annual accounts 201849,1 k €↑
  8. 2017
    Annual accounts 201743,9 k €↑
  9. 2016
    Annual accounts 201626 k €↓
  10. 2015
    Annual accounts 201558,7 k €↑
  11. 2014
    Annual accounts 201412,1 k €↓
  12. 2013
    Annual accounts 201391,9 k €
  13. 12/04/2012
    IncorporationPrivate limited company