Equity
€4.7m ▲ 16.3%
Devagro Saneringen has made a profit without a break since 2021.
Devagro Saneringen
Lifetime
16 annual accounts with figures on one time axis, 25 filings since 2001peak €27.3m (2025)
€27.3m▲ 21.5%
lowest -€281,698 (2020)
€654,686▲ 21×
peak €4.7m (2025)
€4.7m▲ 16.3%
€20.7m▲ 112%
peak 27.8 FTE (2016)
20.9 FTE▲ 4.5%
Board14 names since 2018all names
3 directorsXavier Degezelle and 2 others
Owners7 names in the annual accountsall names
91.41%DEVATRAN and 1 other
Documentsfilings and deeds
20-07-202611 days before the deadline
2025financial year
Turnover from €22.4m to €27.3mResult from €31,835 to €654,6863 directors reappointed 03-07Equity from €4.0m to €4.7mDebts from €9.8m to €20.7mInvestments €11.9m
Key points
from the 2025 annual accountsResult
€654,686 ▲ 21×
The result rose in 2025 from €31,835 to €654,686.
Debts
€20.7m ▲ 112%
Debts rose by €10.9m in 2025.
Staff
21 employees on 31-12-2025
In 2025, 5 people joined and 8 left.
Payment terms
142 days to suppliers
Devagro Saneringen pays its suppliers 18 days earlier than in 2024. Customers pay 81 days earlier.
Position in the sector
12.2%
Lower solvency than 84% of companies in waste collection and treatment. Sector median 40.5% · 280 companies.
Checked score
88
Excellent
Financially stronger than 46% of small companies in waste collection and treatment (NACE 38)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 200 companies (NACE 38, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025highest value
07-2025: 0.3%▼ -0.2 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.2%▼ -0.1 percentage points vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.2%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €4.7m (12.2% of total assets)
Sector: Waste collection, recovery and disposal activities (NACE 38)
lowers risk
Size: turnover €27.3m, 20.9 FTE, total assets €38.1m
Founded in 2000
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, small). It does better than 15% of them on solvency, 68% on liquidity, 18% on profitability and 82% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as Devagro Saneringen has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of Devagro Saneringen itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for Devagro Saneringen. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €400,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.54 (2.64 in 2024), above the usual 1.5. Short-term debt is 26.4% and cash 10.1% of total assets. However, 87.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 280 sector peers (2025).
NBB · sector comparisonPosition among 280 sector peers
Solvency
better than 15%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €4.7m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
42 days early
2023
42 days early
2022
13 days early
2021
24 days early
2020
31 days early
2019
54 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DEVATRAN 91.41%score 84equity €22.2m (2025) · 30-06-2025 annual accounts of DEVATRAN
- XAVYVE 91.41%equity €7.5m (2023) · 2023 annual accounts of XAVYVE
- APLINKA 42.57%score 89equity €425,820 (2025) · 31-03-2025 annual accounts of APLINKA
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0472402074
3 directors reappointed
DEVATRAN (chair of the board), Yves Degezelle (managing director) and Xavier Degezelle (managing director) · Permanent representative: Marleen Vanden Buverie · General meeting of 23-05-2025 · Gazette deed
Appointment: VRC Bedrijfsrevisoren (statutory auditor)
General meeting of 24-05-2024 · Gazette deed
3 directors appointed, 3 resignations
Resignations: NV A.I.S., BV X4 Invest and BV APLINKA · Permanent representatives: Ignace Degezelle, Xavier Degezelle, Marleen Vanden Buverie and Glenn Heernaert · Appointments: NV Devatran (chair of the board and managing director), Yves Degezelle (managing director) and Xavier Degezelle (managing director) · General meeting of 12-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Devagro Saneringen Waregem | €27.3m | 0.2% | 12.2% | 20.9 |
| GROND RECYCLAGE CENTRUM Beveren-Kruibeke-Zwijndrecht | €25.0m | -3.5% | 10.8% | 26.8 |
| BIOTERRA Genk | €27.6m | 5.1% | 5.3% | 43.3 |
| BRUCO CONTAINERS Wijnegem | €44.2m | 5.6% | 6.0% | 12.9 |
| VANHEEDE LANDFILL SOLUTIONS Roeselare | €23.5m | 32.9% | 42.7% | 12.3 |
| VANHEEDE BIOMASS SOLUTIONS Quévy | €26.7m | 13.3% | 67.9% | 39.6 |
| RECYFUEL Engis | €30.2m | 7.1% | 65.5% | 49.6 |
Grey: the largest companies of the sector (waste collection and treatment (NACE 38)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Devagro Saneringen: waste collection, recovery and disposal activities (NACE 38330). They are comparable in size and age: total assets between €22m and €39m, founded between 1993 and 1997.
Official details
Source: KBO- Status
- Active since 14-07-2000Normal situation
- Registered office
- 14 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Waste collection, recovery and disposal activitiesNACE 38330
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.099.812.8448530 Harelbeke, since 21-09-2000
- 2.329.873.6828792 Waregem, since 01-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- €38.1m▲ 41.9%
- Employeeson 31-12-2025
- 21▼ 12.5%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on Devagro Saneringen
Devagro Saneringen has existed since 2000. Turnover grew from €6.8m in 2007 to €27.3m in 2025 and staff from 13.4 to 20.9 full-time equivalents.
DEVATRAN holds 91.41% of the shares. In September 2023, three directors stepped down. In July 2025, the Official Gazette published the appointment of DEVATRAN as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Devagro Saneringen
- What is the company number of Devagro Saneringen?
- The company number of Devagro Saneringen is 0472.402.074. The VAT number is the same number with BE in front: BE 0472.402.074.
- Where is Devagro Saneringen based?
- The registered office is at Pitantiestraat 100, 8792 Waregem.Company details
- What does Devagro Saneringen do?
- According to the KBO register, the main activity is waste collection, recovery and disposal activities (NACE 38330).
- What is the legal form of Devagro Saneringen?
- Devagro Saneringen is a public limited company (NV).
- When was Devagro Saneringen founded?
- Devagro Saneringen was founded on 14-07-2000.
- Is Devagro Saneringen still active?
- Yes, Devagro Saneringen is an active enterprise in the KBO register.
- How many employees does Devagro Saneringen have?
- Devagro Saneringen had an average of 20.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Devagro Saneringen fall under?
- In its 2025 annual accounts, Devagro Saneringen states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Devagro Saneringen?
- The turnover of Devagro Saneringen was €27.3m in financial year 2025, according to the filed annual accounts.
- Is Devagro Saneringen profitable?
- In financial year 2025, Devagro Saneringen made a profit of €654,686.
- Where can I find the annual accounts of Devagro Saneringen?
- Devagro Saneringen filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Devagro Saneringen due?
- Devagro Saneringen must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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