ACTIVE

DEL'OR

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Financial year 2025 · closed on 31/12/2025

Net result

152,2 k €

+33.0% YoY

Gross margin

479,3 k €

+13.4% YoY

Equity

879,8 k €

+20.9% YoY

Workforce

0,0 ETP

What does DEL'OR do?

DEL'OR is a Public limited company incorporated in 2006. Its main activity is: Manufacture of fertilisers and nitrogen compounds. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.823.859

Incorporation

23/01/2006

Legal form

Public limited company

Registered office

Emiel Clausstraat 23
8793 Waregem · FlandreSee on map

Contributed capital

168 600,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

20150Manufacture of fertilisers and nitrogen compounds· main 20150Manufacture of fertilisers and nitrogen compounds 24151Manufacture of basic iron and steel and of ferro-alloys

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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	479,3 k €	+13.4%	422,6 k €	+7.7%	392,3 k €	+731%	47,2 k €	-86.8%	357,9 k €		–		–		234,1 k €	+32.7%	176,5 k €	-24.1%	232,4 k €	+42.3%	163,4 k €	-6.2%	174,1 k €	-37.8%	279,9 k €	+23.8%	226 k €	+10.7%	204,1 k €	-3.1%	210,7 k €	+95.2%	107,9 k €	+44.9%	74,5 k €
EBITDA	461,8 k €	+13.9%	405,5 k €	+7.1%	378,8 k €	+1025%	33,7 k €	-90.3%	346,3 k €	+51.4%	228,7 k €	+20.0%	190,6 k €	-17.1%	229,8 k €	+34.0%	171,5 k €	-23.0%	222,6 k €	+44.6%	153,9 k €	-8.1%	167,5 k €	-38.7%	273,1 k €	+23.4%	221,3 k €	+10.5%	200,4 k €	-4.3%	209,4 k €	+96.0%	106,9 k €	+44.6%	73,9 k €
Operating result	226,3 k €	+41.0%	160,5 k €	+13.8%	141 k €	+162%	-227,5 k €	-336%	96,5 k €	-1.1%	97,6 k €	+105%	47,6 k €	-50.3%	95,6 k €	+160%	36,7 k €	-59.5%	90,6 k €	+66.1%	54,5 k €	+76.2%	30,9 k €	-76.3%	130,5 k €	+85.4%	70,4 k €	+33.8%	52,6 k €	-0.8%	53 k €	+49.0%	35,6 k €	+502%	5,9 k €
Net result	152,2 k €	+33.0%	114,4 k €	+9.8%	104,2 k €	+140%	-262,9 k €	-694%	44,2 k €	-22.1%	56,8 k €	+217%	17,9 k €	-62.5%	47,8 k €	+1181%	3,7 k €	-89.7%	36,3 k €	+98.1%	18,3 k €	+183%	-22,1 k €	-149%	45,3 k €	+595%	6,5 k €	+141%	-15,8 k €	-810%	2,2 k €	-83.8%	13,8 k €	+636%	-2,6 k €
Balance sheet
Equity	879,8 k €	+20.9%	727,5 k €	+18.7%	613,1 k €	+20.5%	508,9 k €	-34.1%	771,8 k €	+115%	358,2 k €	+18.8%	301,4 k €	+6.3%	283,5 k €	+20.3%	235,7 k €	+1.6%	232 k €	+18.5%	195,7 k €	+10.3%	177,4 k €	-11.1%	199,5 k €	+29.4%	154,1 k €	+4.4%	147,6 k €	-9.7%	163,4 k €	+1.4%	161,2 k €	+9.3%	147,4 k €
Total assets	2,2 M €	-15.5%	2,6 M €	+3.4%	2,5 M €	-2.2%	2,6 M €	-12.0%	3 M €	+173%	1,1 M €	-8.7%	1,2 M €	-14.2%	1,4 M €	+14.8%	1,2 M €	-10.7%	1,3 M €	+1.3%	1,3 M €	+23.1%	1,1 M €	-53.8%	2,3 M €	+10.9%	2,1 M €	-0.2%	2,1 M €	+4.1%	2 M €	+195%	688 k €	+11.3%	618,2 k €
Cash	59 k €	+85.2%	31,9 k €	-64.0%	88,5 k €	+28.1%	69,1 k €	+586%	10,1 k €	-15.9%	12 k €	-54.0%	26,1 k €	-55.9%	59,1 k €	+142%	24,4 k €	+167%	9,1 k €	+33.1%	6,9 k €		–		70,6 k €	+117%	32,6 k €	-33.5%	49 k €	+79.0%	27,4 k €		–		2,7 k €
Debts	1,1 M €	-33.2%	1,6 M €	-4.5%	1,7 M €	-12.9%	1,9 M €	-4.1%	2 M €	+214%	633 k €	-18.2%	773,7 k €	-21.3%	983,7 k €	+10.3%	891,5 k €	-14.8%	1 M €	-5.8%	1,1 M €	+26.7%	876,5 k €	-58.2%	2,1 M €	+8.7%	1,9 M €	-1.2%	2 M €	+5.8%	1,8 M €	+281%	484,2 k €	+6.5%	454,8 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 17 ended

Active mandates

Arne Leuridan

Director · since 05 avril 2019 · until 09 avril 2030

Active

Francis Vandeputte

Director · since 05 avril 2019 · until 09 avril 2030

Active

Marnik Vanrolleghem

Director · since 05 avril 2019 · until 09 avril 2030

Active

Rik Vandeputte

Director · since 05 avril 2019 · until 09 avril 2030

Active

Ended mandates

Arne Leuridan

Director · since 05 avril 2019 · until 05 avril 2025

Ended

Francis VANDEPUTTE

Director · since 05 avril 2019 · until 05 avril 2025

Ended

Marnik Vanrolleghem

Director · since 05 avril 2019 · until 05 avril 2025

Ended

Rik Vandeputte

Director · since 05 avril 2019 · until 05 avril 2025

Ended

At this address

Other companies at this address

Company	CBE no.
CIVAR● Active	0423.648.290
DELTRAN● Active	0458.454.464
LEIEVOEDERS● Active	0415.930.258
LYSINVEST● Active	0890.125.151

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	30/06/2026	03/07/2025	10/06/2024	01/06/2023	09/05/2022	11/05/2021
General meeting	30/06/2026	02/07/2025	10/06/2024	10/05/2023	12/04/2022	13/04/2021
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
Abridged model	31/12/2025	30/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/07/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	10/06/2024	Dutch	PDF
Abridged model	31/12/2022	10/05/2023	01/06/2023	Dutch	PDF
Abridged model	31/12/2021	12/04/2022	09/05/2022	Dutch	PDF
Abridged model	31/12/2020	13/04/2021	11/05/2021	Dutch	PDF
Full model	31/12/2019	14/04/2020	31/08/2020	Dutch	PDF
Full model	31/12/2018	09/04/2019	22/08/2019	Dutch	PDF
Full model	31/12/2017	10/04/2018	20/08/2018	Dutch	PDF
Abridged model	31/12/2016	11/04/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	12/04/2016	17/08/2016	Dutch	PDF
Abridged model	31/12/2014	14/04/2015	12/08/2015	Dutch	PDF
Abridged model	31/12/2013	08/04/2014	02/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/10/2013	30/10/2013	Dutch	PDF
Abridged model	31/12/2011	10/04/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	12/04/2011	17/08/2011	Dutch	PDF
Abridged model	31/12/2009	13/04/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	14/04/2009	10/08/2009	Dutch	PDF
Abridged model	31/12/2007	08/04/2008	14/07/2008	Dutch	PDF
Abridged model	31/12/2006	10/04/2007	04/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 4 active · 17 ended

Active mandates

Arne Leuridan

Director · since 05 avril 2019 · until 09 avril 2030

Active

Francis Vandeputte

Director · since 05 avril 2019 · until 09 avril 2030

Active

Marnik Vanrolleghem

Director · since 05 avril 2019 · until 09 avril 2030

Active

Rik Vandeputte

Director · since 05 avril 2019 · until 09 avril 2030

Active

Ended mandates

Arne Leuridan

Director · since 05 avril 2019 · until 05 avril 2025

Ended

Francis VANDEPUTTE

Director · since 05 avril 2019 · until 05 avril 2025

Ended

Marnik Vanrolleghem

Director · since 05 avril 2019 · until 05 avril 2025

Ended

Rik Vandeputte

Director · since 05 avril 2019 · until 05 avril 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/08/2019
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring01/07/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates13/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/01/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other02/02/2006
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 2025152,2 k €↑
2024
Annual accounts 2024114,4 k €↑
2023
Annual accounts 2023104,2 k €↑
2022
Annual accounts 2022-262,9 k €↓
2021
Annual accounts 202144,2 k €↓
2018
Annual accounts 201856,8 k €↑
2017
Annual accounts 201717,9 k €↓
2016
Annual accounts 201647,8 k €↑
2015
Annual accounts 20153,7 k €↓
2014
Annual accounts 201436,3 k €↑
2013
Annual accounts 201318,3 k €↑
2012
Annual accounts 2012-22,1 k €↓
2011
Annual accounts 201145,3 k €↑
2010
Annual accounts 20106,5 k €↑
2009
Annual accounts 2009-15,8 k €↓
2008
Annual accounts 20082,2 k €↓
2007
Annual accounts 200713,8 k €↑
2006
Annual accounts 2006-2,6 k €
23/01/2006
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

DEL'OR

Overview

What does DEL'OR do?

Trend over 18 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