ACTIVE

DELTA BOX

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Financial year 2025 · closed on 30/06/2025

Net result

674,3 k €

+28.7% YoY

Gross margin

1,6 M €

+20.7% YoY

Equity

3,5 M €

+23.5% YoY

Workforce

8,2 ETP

+7.9% YoY

What does DELTA BOX do?

DELTA BOX is a Private limited company incorporated in 2007. Its main activity is: Manufacture of corrugated paper and paperboard and of containers of paper and paperboard. Its registered office is in Harelbeke. It employs on average 8,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.577.714

Incorporation

28/02/2007

Legal form

Private limited company

Registered office

Vierkeerstraat 119
8531 Harelbeke · FlandreSee on map

Contributed capital

183 613,00 €

Latest accounts

30/06/2025

Average workforce

8,2 ETP

Activities (NACE)

17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard· main 17210Manufacture of corrugated paper and paperboard and of containers of paper and paperboard 21210Manufacture of pharmaceutical preparations

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,6 M €	+20.7%	1,3 M €	-10.2%	1,5 M €	+49.5%	1 M €	+4.4%	963,4 k €	+20.5%	799,6 k €	+57.7%	506,9 k €	+31.3%	386 k €	+1.9%	378,7 k €	-16.7%	454,8 k €	+64.4%	276,6 k €	+30.8%	211,5 k €	+43.6%	147,3 k €	+160%	56,6 k €	-42.7%	98,8 k €	-21.4%	125,8 k €	-40.8%	212,4 k €
EBITDA	1,2 M €	+21.8%	960,8 k €	-17.4%	1,2 M €	+96.9%	590,9 k €	-14.7%	692,7 k €	+12.3%	616,7 k €	+87.4%	329 k €	+41.4%	232,7 k €	-8.5%	254,2 k €	-11.2%	286,2 k €	+49.7%	191,2 k €	+26.4%	151,3 k €	+17.8%	128,4 k €	+154%	50,7 k €	-24.6%	67,2 k €	-36.2%	105,2 k €	-48.9%	205,6 k €
Operating result	955,5 k €	+32.7%	720,1 k €	-25.1%	961,3 k €	+130%	418,2 k €	-22.4%	539,2 k €	+32.4%	407,2 k €	+107%	196,5 k €	+153%	77,5 k €	-22.2%	99,7 k €	+548%	-22,3 k €	-131%	72,9 k €	+49.8%	48,7 k €	-4.4%	50,9 k €	+352%	11,3 k €	+108%	5,4 k €	-61.0%	13,9 k €	+1283%	1 k €
Net result	674,3 k €	+28.7%	523,8 k €	-19.7%	652,2 k €	+132%	281 k €	-34.2%	427 k €	+29.5%	329,8 k €	+89.6%	174 k €	+102%	86 k €	+4.5%	82,2 k €	+214%	26,2 k €	-61.4%	67,9 k €	+53.2%	44,3 k €	-15.2%	52,2 k €	+172%	19,2 k €	+125%	8,5 k €	-33.3%	12,8 k €	+462%	2,3 k €
Balance sheet
Equity	3,5 M €	+23.5%	2,9 M €	+28.2%	2,2 M €	+34.3%	1,7 M €	+20.3%	1,4 M €	+44.5%	960,5 k €	+52.3%	630,6 k €	+35.1%	466,7 k €	+19.4%	390,7 k €	+26.7%	308,5 k €	+9.3%	282,3 k €	+31.7%	214,4 k €	+26.1%	170,1 k €	+44.3%	117,9 k €	+19.5%	98,6 k €	+9.5%	90,1 k €	+16.6%	77,3 k €
Total assets	6,1 M €	+14.0%	5,3 M €	+12.7%	4,7 M €	+8.6%	4,4 M €	+69.4%	2,6 M €	+18.8%	2,2 M €	+14.2%	1,9 M €	+21.5%	1,6 M €	+15.5%	1,4 M €	-6.0%	1,4 M €	+52.8%	940,4 k €	-13.6%	1,1 M €	+14.3%	952 k €	+127%	418,6 k €	+1.7%	411,5 k €	+2.3%	402,4 k €	+5.6%	380,9 k €
Cash	675,1 k €	+1.2%	666,9 k €	+58.6%	420,5 k €	+188%	145,9 k €	-64.7%	413,9 k €	-5.1%	436 k €	+75.6%	248,3 k €	+58.6%	156,5 k €	+515%	25,5 k €	-85.0%	170,3 k €	+267%	46,4 k €	-80.2%	234 k €	+171%	86,3 k €	-3.1%	89,1 k €	+9.2%	81,6 k €	-21.0%	103,2 k €	+93.4%	53,4 k €
Debts	2,5 M €	+3.0%	2,5 M €	-0.8%	2,5 M €	-7.6%	2,7 M €	+127%	1,2 M €	-1.6%	1,2 M €	-4.8%	1,3 M €	+15.6%	1,1 M €	+13.9%	960,1 k €	-14.9%	1,1 M €	+71.5%	658,1 k €	-24.7%	873,8 k €	+11.8%	781,9 k €	+160%	300,8 k €	-3.9%	312,8 k €	+0.2%	312,3 k €	+2.9%	303,6 k €
Other
Workforce	8,2 ETP	+7.9%	7,6 ETP	+1.3%	7,5 ETP	+21.0%	6,2 ETP	-10.1%	6,9 ETP	+40.8%	4,9 ETP	-3.9%	5,1 ETP	+41.7%	3,6 ETP	+5.9%	3,4 ETP	+30.8%	2,6 ETP	+36.8%	1,9 ETP	+35.7%	1,4 ETP	+100%	0,7 ETP		–		1,0 ETP	0.0%	1,0 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 2 ended

Active mandates

Sarah Tjoens

Director · since 01 octobre 2014

Active

Pieter Demarez

Director · since 28 février 2007

Active

Ended mandates

SARAH TJOENS

Manager · since 01 octobre 2014

Ended

PIETER DEMAREZ

Manager · since 01 avril 2007

Ended

At this address

Other companies at this address

Company	CBE no.
DELTA TRANS● Active	0765.137.681

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	30/01/2025	29/01/2024	31/01/2023	28/01/2022	27/01/2021
General meeting	19/12/2025	20/12/2024	17/11/2023	18/11/2022	19/11/2021	20/11/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	19/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	20/12/2024	30/01/2025	Dutch	PDF
Abridged model	30/06/2023	17/11/2023	29/01/2024	Dutch	PDF
Abridged model	30/06/2022	18/11/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	19/11/2021	28/01/2022	Dutch	PDF
Abridged model	30/06/2020	20/11/2020	27/01/2021	Dutch	PDF
Abridged model	30/06/2019	15/11/2019	31/01/2020	Dutch	PDF
Abridged model	30/06/2018	16/11/2018	30/01/2019	Dutch	PDF
Abridged model	30/06/2017	17/11/2017	11/01/2018	Dutch	PDF
Abridged model	30/06/2016	17/11/2016	30/01/2017	Dutch	PDF
Abridged model	31/12/2014	17/04/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	18/04/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	19/04/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	20/04/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	15/04/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	16/04/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	17/04/2009	14/09/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/06/2025 · 2 active · 2 ended

Active mandates

Sarah Tjoens

Director · since 01 octobre 2014

Active

Pieter Demarez

Director · since 28 février 2007

Active

Ended mandates

SARAH TJOENS

Manager · since 01 octobre 2014

Ended

PIETER DEMAREZ

Manager · since 01 avril 2007

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares15/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Other07/04/2016
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other08/03/2007
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 2025674,3 k €↑
2024
Annual accounts 2024523,8 k €↓
2023
Annual accounts 2023652,2 k €↑
2022
Annual accounts 2022281 k €↓
2021
Annual accounts 2021427 k €↑
2020
Annual accounts 2020329,8 k €↑
2019
Annual accounts 2019174 k €↑
2018
Annual accounts 201886 k €↑
2017
Annual accounts 201782,2 k €↑
2016
Annual accounts 201626,2 k €↓
2014
Annual accounts 201467,9 k €↑
2013
Annual accounts 201344,3 k €↓
2012
Annual accounts 201252,2 k €↑
2011
Annual accounts 201119,2 k €↑
2010
Annual accounts 20108,5 k €↓
2009
Annual accounts 200912,8 k €↑
2008
Annual accounts 20082,3 k €
28/02/2007
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 BOX

Overview

What does DELTA BOX do?

Trend over 17 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