ALGEMENE BOUWWERKEN DEVOS MICHAEL
ActiveALGEMENE BOUWWERKEN DEVOS MICHAEL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €459k and a net result of €84k. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 2154 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78=
Solvency67▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.26 in 2024; short-term debt: 20% and cash: 8.6% of total assets), and 57.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.3%
Return on assets
7.8%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
3 d early
2022
30 d early
2021
25 d early
2020
43 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€459k▲ 22.5%
2024 · €375k
2018: €82k
2019: €99k
2020: €129k
2021: €152k
2022: €222k
2023: €302k
2024: €375k
2018 → 2025
Total assets
€1.09M▲ 7.7%
2024 · €1.01M
2018: €334k
2019: €328k
2020: €359k
2021: €390k
2022: €724k
2023: €775k
2024: €1.01M
2018 → 2025
Net result
€84k▲ 15.3%
2024 · €73k
2018: €21k
2019: €17k
2020: €30k
2021: €22k
2022: €70k
2023: €80k
2024: €73k
2018 → 2025
Working capital
€47k▼ 2.5%
2024 · €48k
2018: €35k
2019: €43k
2020: €45k
2021: €64k
2022: €57k
2023: €125k
2024: €48k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€152k-€222k▲ 46.1%€302k▲ 36.1%€375k▲ 24.2%€459k▲ 22.5%
Operating result€25k-€104k▲ 320%€118k▲ 13.2%€117k▼ 1.0%€131k▲ 11.6%
Net result€22k-€70k▲ 212%€80k▲ 14.3%€73k▼ 8.6%€84k▲ 15.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.09M
Fixed assets
€821k▲ 5.9%
Current assets
€265k▲ 13.7%
Equity and liabilities €1.09M
Equity
€459k▲ 22.5%
Debt
€627k▼ 1.1%
The debt ratio falls from 62.8% to 57.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€211k▲
2024 · €184k
Cash flow
€165k▲
2024 · €140k
Solvency
42.3%▲
2024 · 37.2%
Current ratio
1.22▼
2024 · 1.26
Quick ratio
0.81▼
2024 · 0.89
Debt / equity
1.36▼
2024 · 1.69
ROE
18.4%▼
2024 · 19.5%
ROA
7.8%▲
2024 · 7.3%
Interest coverage
13.46▲
2024 · 11.31
Debt
€627k▼
2024 · €634k
Debt ≤ 1 year
€218k▲
2024 · €185k
Debt > 1 year
€409k▼
2024 · €447k
Income taxes
€31k▲
2024 · €28k
Staff costs
€178k▼
2024 · €205k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.01M€1.09M▲
Fixed assets21/28€776k€821k▲
Tangible fixed assets22/27€776k€821k▲
Land and buildings22€646k€706k▲
Plant, machinery and equipment23€29k€34k▲
Furniture and vehicles24€14k€2k▼
Leasing and similar rights25€87k€79k▼
Current assets29/58€233k€265k▲
Stocks and contracts in progress3€69k€87k▲
Stocks30/36€44k€60k▲
Contracts in progress37€25k€28k▲
Amounts receivable within one year40/41€24k€78k▲
Trade receivables40€10k€72k▲
Other amounts receivable41€14k€6k▼
Cash at bank and in hand54/58€135k€93k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.01M€1.09M▲
Equity10/15€375k€459k▲
Contributions10/11€17k€17k=
Reserves13€358k€442k▲
Tax-exempt reserves132€18k€18k=
Distributable reserves133€340k€424k▲
Amounts payable17/49€634k€627k▼
Amounts payable after more than one year17€447k€409k▼
Financial debts170/4€447k€409k▼
Amounts payable within one year42/48€185k€218k▲
Current portion of amounts payable after more than one year42€47k€38k▼
Trade debts44€51k€84k▲
Suppliers440/4€51k€84k▲
Taxes, remuneration and social security45€12k€12k▼
Taxes450/3€6k€12k▲
Remuneration and social security454/9€6k-
Other amounts payable47/48€73k€84k▲
Accrued charges and deferred income492/3€2k€520▼
Income statement
Code20242025
Remuneration, social security and pensions62€205k€178k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€80k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€393k€394k▲
Operating profit (loss)9901€117k€131k▲
Financial income75/76B-€109
Recurring financial income75-€109
Financial charges65/66B€16k€16k▼
Recurring financial charges65€16k€16k▼
Profit (loss) for the period before taxes9903€101k€115k▲
Income taxes67/77€28k€31k▲
Profit (loss) for the period9904€73k€84k▲
Profit (loss) for the period to be appropriated9905€73k€84k▲
Appropriation of the result
Profit (loss) to be appropriated9906€73k€84k▲
Transfer to equity691/2€73k€84k▲
To other reserves6921€73k€84k▲
Social balance
Average headcount (FTE)90873.83.3▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €84k ▲15.3%
Operating result €131k, net result €84k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €200kEq €222k ▲46.1%
5 profitable years in a row build equity to €222k.
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €150kEq €152k ▲17.3%
4 profitable years in a row build equity to €152k.
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €100kEq €129k ▲30.8%
3 profitable years in a row build equity to €129k.
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €17k ▼20%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ingelmunster · 2 establishment units since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ketenstraat 188770 IngelmunsterGround area
1,496 m²
Building footprint
406 m²
Volume, LiDAR
2,425 m³
2 parcels, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
ALGEMENE BOUWWERKEN DEVOS MICHAEL
since 20132.215.685.381
Bloemgat
since 20222.328.264.571
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001C1246/00C000 | Flanders | 840 m² | 1 · 290 m² | 8.1 m · 2 fl. |
| 36007D0228/00E003 | Flanders | 657 m² | 1 · 116 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteArdooie2.328.264.571
Dual-learning approval
2 live approvalsMetselaar (vwo)
Ruwbouw duaal (so)
Similar companies · same sector, comparable size
Gebrs. Bouhlala
BE 0662.463.082
Brussel · Eq €459k
BS&MAT
BE 0716.772.590
Etterbeek · Eq €459k
KONCEPTIMMO
BE 0877.965.113
Quaregnon · Eq €460k
SOLEMEC
BE 0898.485.363
Antwerpen · Eq €459k
Present-it
BE 0417.627.956
Roeselare · Eq €458k
Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 9,541 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2012
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
43342Specialised construction activities
43422Screed work
43910Bricklaying and masonry work
43990Other specialised construction activities
43994Specialised construction activities
43999Specialised construction activities
56301Cafés and bars
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.