Art Devo (0799.160.432): annual accounts, directors and company register

Art Devo

Ghent ·KBO/BCE: BE 0799.160.432

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

Company	Total assets	Gross margin	Solvency	Staff
Art Devo Ghent	€122,658	€53,364	72.2%	-
WildStrike Ghent	€122,368	€55,787	74.1%	-
CoDeveloper Nazareth-De Pinte	€128,672	€55,356	88.5%	-
MARECHAL IT Merelbeke-Melle	€115,019	€57,370	81.4%	-
vSec Aalst	€134,483	€53,375	59.3%	-
SIMPA TECH Aalst	€127,867	€52,477	87.0%	-
PS:GROW Deinze	€124,488	€51,700	56.0%	-

Line	2025	2024	2023
Balance sheet: assets
Total assets`20/58`	122,658	87,890	79,864
Fixed assets`21/28`	18,922	27,171	35,419
Tangible fixed assets`22/27`	18,922	27,171	35,419
Furniture and vehicles`24`	512	1,586	2,659
Leasing and similar rights`25`	18,410	25,585	32,760
Current assets`29/58`	103,736	60,719	44,445
Amounts receivable within one year`40/41`	12,016	11,776	10,716
Trade receivables`40`	11,616	11,616	10,716
Other amounts receivable`41`	400	160	-
Current investments`50/53`	30,000	30,000	-
Cash at bank and in hand`54/58`	59,503	16,576	32,515
Deferred charges and accrued income`490/1`	2,216	2,367	1,214
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	122,658	87,890	79,864
Equity`10/15`	88,577	53,816	34,604
Contributions`10/11`	3,000	3,000	3,000
Reserves`13`	85,577	50,816	31,604
Distributable reserves`133`	85,577	50,816	31,604
Amounts payable`17/49`	34,081	34,074	45,260
Amounts payable after more than one year`17`	10,300	15,576	20,613
Financial debts`170/4`	10,300	15,576	20,613
Amounts payable within one year`42/48`	23,780	18,498	24,647
Current portion of amounts payable after more than one year`42`	5,217	4,973	4,811
Trade debts`44`	2,718	2,803	2,586
Suppliers`440/4`	2,718	2,803	2,586
Taxes, remuneration and social security`45`	15,846	10,722	17,250
Taxes`450/3`	15,846	10,722	17,250
Income statement
Gross operating margin`9900`	53,364	34,956	49,483
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	8,249	8,249	3,677
Other operating charges`640/8`	831	585	1,333
Operating profit (loss)`9901`	44,284	26,123	44,472
Financial income`75/76B`	902	0	15
Recurring financial income`75`	902	0	15
Financial charges`65/66B`	998	1,287	571
Recurring financial charges`65`	998	1,287	571
Profit (loss) for the period before taxes`9903`	44,189	24,836	43,916
Income taxes`67/77`	9,428	5,623	12,312
Profit (loss) for the period`9904`	34,761	19,212	31,604
Profit (loss) for the period to be appropriated`9905`	34,761	19,212	31,604
Appropriation of the result
Profit (loss) to be appropriated`9906`	34,761	19,212	31,604
Transfer to equity`691/2`	34,761	19,212	31,604
To other reserves`6921`	34,761	19,212	31,604
Document	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	16-03-2026	2026-00054676	PDF
31-12-2024	micro format	06-06-2025	2025-00123240	PDF
31-12-2023	micro format	09-06-2024	2024-00116979	PDF

Line	2025	2024	2023
EBITDA	52,533	34,371	48,150
Cash flow	43,009	27,461	35,281
Investment in fixed assets (approximation)	0	0	39,097
Change in cash	42,927	-15,938	-
Working capital	79,955	42,221	19,798
Solvency	72.2%	61.2%	43.3%
Current ratio	4.36	3.28	1.80
Debt to equity	0.38	0.63	1.31
ROE	39.2%	35.7%	91.3%
ROA	28.3%	21.9%	39.6%
Interest coverage	52.65	26.71	84.34

Item	2025	2024	2023
Tangible fixed assets	-	-	€39,097
Financial fixed assets	€0	-	-
Depreciation and write-downs of the year	€8,249	€8,249	€3,677

Overview

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Annual accounts 2025

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Annual accounts 2025

Balance sheet

Change in equityin euro

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Position in the sector

Solvency72.2%

Current ratio4.36

Return on assets28.3%

Filed annual accounts

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