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C.M. DEVAND

Active
Private limited companyfounded 201115 yrs activeNieuwstraat 26, 1620 Drogenbos, BelgiumKBO/BCE: BE 0838.649.924
Summary

The computed 12-month bankruptcy probability of C.M. DEVAND is 2.0% (moderate). The 2024 annual accounts show equity of €28,629 and a net result of -€5,381. Equity is growing by ~10% per year across the filed fiscal years. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability54▲+17
Solvency46▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.19 in 2023; short-term debt: 17.3% and cash: 15.2% of total assets), and 78.9% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
21.1%
Return on assets
-4%
Age of the figures
21 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€5,381
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
28 d late
2023
61 d late
2022
46 d late
2021
29 d late
2020
90 d late
2019
150 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 67 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

C.M. DEVAND was incorporated on 19 August 2011.1 Total assets went from EUR 140,158 in 2018 to EUR 135,491 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€28,629▼ 15.8%
2023 · €34,010
Total assets
€135,491▼ 9.7%
2023 · €150,076
Net result
-€5,381▲ 35.6%
2023 · -€8,353
Working capital
€1,277▼ 71.6%
2023 · €4,492
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€6,611▲ 30.1%€20,484▲ 210%€4,571▼ 77.7%-€3,855-€474▲ 87.7%
Net result€4,034▲ 69.7%€17,995▲ 346%-€1,095-€8,353▼ 663%-€5,381▲ 35.6%
Equity€25,464▲ 18.8%€43,459▲ 70.7%€42,364▼ 2.5%€34,010▼ 19.7%€28,629▼ 15.8%
Total assets€134,248▼ 2.5%€161,700▲ 20.4%€152,541▼ 5.7%€150,076▼ 1.6%€135,491▼ 9.7%
Debt€108,784▼ 6.4%€118,241▲ 8.7%€110,178▼ 6.8%€116,065▲ 5.3%€106,862▼ 7.9%
Working capital€698€13,399▲ 1,820%€11,249▼ 16.0%€4,492▼ 60.1%€1,277▼ 71.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2020: €6,611€6,611Net result 2020: €4,034€4,034Operating result 2021: €20,484€20,484Net result 2021: €17,995€17,995Operating result 2022: €4,571€4,571Net result 2022: -€1,095-€1,095Operating result 2023: -€3,855-€3,855Net result 2023: -€8,353-€8,353Operating result 2024: -€474-€474Net result 2024: -€5,381-€5,38120202021202220232024-€10,000-€5,000€0€5,000Operating result 2022: €4,571€4,570Net result 2022: -€1,095-€1,090Operating result 2023: -€3,855-€3,850Net result 2023: -€8,353-€8,350Operating result 2024: -€474-€474Net result 2024: -€5,381-€5,380202220232024
The operating result stays negative: a loss of €474 in 2024 against €3,855 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €135,491
Fixed assets €110,796 ▼ 8.9%
Current assets €24,695 ▼ 13.2%
Equity and liabilities €135,491
Equity €28,629 ▼ 15.8%
Debt €106,862 ▼ 7.9%
Debt's share of the balance-sheet total rises from 77.3% to 78.9%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€10,320▲
2023 · €6,840
Cash flow
€5,413▲
2023 · €2,342
Current ratio
1.05▼
2023 · 1.19
Debt to equity
3.73▲
2023 · 3.41
ROE
-18.8%▲
2023 · -24.6%
ROA
-4.0%▲
2023 · -5.6%
Interest coverage
4.88▲
2023 · 3.04
Debt ≤ 1 year
€23,419▼
2023 · €23,969
Debt > 1 year
€83,444▼
2023 · €92,096
Income taxes
€2,795▲
2023 · €2,247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,166 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss
2.2% went bankrupt
3.0% stopped otherwise
94% still going

A further 0.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,166 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€150,076€135,491▼
Fixed assets21/28€121,615€110,796▼
Tangible fixed assets22/27€119,785€108,991▼
Land and buildings22€101,600€97,800▼
Plant, machinery and equipment23€1,365€732▼
Furniture and vehicles24€12,295€8,196▼
Other tangible fixed assets26€4,525€2,263▼
Financial fixed assets28€1,830€1,805▼
Current assets29/58€28,461€24,695▼
Amounts receivable within one year40/41€3,826€2,830▼
Trade receivables40€3,826€2,830▼
Cash at bank and in hand54/58€23,962€20,657▼
Deferred charges and accrued income490/1€674€1,209▲
Equity and liabilities
Total equity and liabilities10/49€150,076€135,491▼
Equity10/15€34,010€28,629▼
Contributions10/11€6,200€6,200=
Profit (loss) carried forward14€27,810€22,429▼
Amounts payable17/49€116,065€106,862▼
Amounts payable after more than one year17€92,096€83,444▼
Financial debts170/4€89,696€83,444▼
Other amounts payable178/9€2,400-
Amounts payable within one year42/48€23,969€23,419▼
Trade debts44€2,723€3,459▲
Suppliers440/4€2,723€3,459▲
Other amounts payable47/48€21,247€19,960▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,695€10,794▲
Other operating charges640/8€464€2,273▲
Gross operating margin9900€7,304€12,593▲
Operating profit (loss)9901-€3,855-€474▲
Financial charges65/66B€2,251€2,113▼
Recurring financial charges65€2,251€2,113▼
Profit (loss) for the period before taxes9903-€6,106-€2,587▲
Income taxes67/77€2,247€2,795▲
Profit (loss) for the period9904-€8,353-€5,381▲
Profit (loss) for the period to be appropriated9905-€8,353-€5,381▲
Appropriation of the result
Profit (loss) to be appropriated9906€27,810€22,429▼
Profit (loss) brought forward from the previous period14P€36,164€27,810▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,479€6,479€10,161€10,695€10,794▲ 0.9%
Other operating charges640/8-€1,542€2,448€464€2,273▲ 390%
Gross operating margin9900€13,822€28,505€17,180€7,304€12,593▲ 72.4%
Operating profit (loss)9901€6,611€20,484€4,571-€3,855-€474▲ 87.7%
Financial charges65/66B-€2,489€2,388€2,251€2,113▼ 6.1%
Recurring financial charges65€2,577€2,489€2,388€2,251€2,113▼ 6.1%
Profit (loss) for the period before taxes9903€4,034€17,995€2,183-€6,106-€2,587▲ 57.6%
Income taxes67/77--€3,278€2,247€2,795▲ 24.3%
Profit (loss) for the period9904€4,034€17,995-€1,095-€8,353-€5,381▲ 35.6%
Profit (loss) for the period to be appropriated9905€4,034€17,995-€1,095-€8,353-€5,381▲ 35.6%
Line20202021202220232024Change
Assets
Total assets20/58€134,248€161,700€152,541€150,076€135,491▼ 9.7%
Fixed assets21/28€126,560€140,572€130,411€121,615€110,796▼ 8.9%
Tangible fixed assets22/27€124,730€138,742€128,581€119,785€108,991▼ 9.0%
Land and buildings22-€109,200€105,400€101,600€97,800▼ 3.7%
Plant, machinery and equipment23---€1,365€732▼ 46.4%
Furniture and vehicles24-€20,491€16,393€12,295€8,196▼ 33.3%
Other tangible fixed assets26-€9,051€6,788€4,525€2,263▼ 50.0%
Financial fixed assets28€1,830€1,830€1,830€1,830€1,805▼ 1.4%
Current assets29/58€7,688€21,128€22,130€28,461€24,695▼ 13.2%
Amounts receivable within one year40/41€2,000-€1,590€3,826€2,830▼ 26.0%
Trade receivables40--€1,590€3,826€2,830▼ 26.0%
Cash at bank and in hand54/58€4,502€20,386€20,116€23,962€20,657▼ 13.8%
Deferred charges and accrued income490/1-€742€424€674€1,209▲ 79.5%
Equity and liabilities
Total equity and liabilities10/49€134,248€161,700€152,541€150,076€135,491▼ 9.7%
Equity10/15€25,464€43,459€42,364€34,010€28,629▼ 15.8%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Capital10-€6,200€6,200---
Issued capital100-€18,600€18,600---
Uncalled capital101-€12,400€12,400---
Profit (loss) carried forward14€19,264€37,259€36,164€27,810€22,429▼ 19.4%
Amounts payable17/49€108,784€118,241€110,178€116,065€106,862▼ 7.9%
Amounts payable after more than one year17€101,794€110,512€99,296€92,096€83,444▼ 9.4%
Financial debts170/4-€95,812€89,696€89,696€83,444▼ 7.0%
Other amounts payable178/9-€14,700€9,600€2,400--
Amounts payable within one year42/48€6,990€7,729€10,882€23,969€23,419▼ 2.3%
Current portion of amounts payable after more than one year42-€5,982€6,116---
Trade debts44€535-€3,019€2,723€3,459▲ 27.1%
Suppliers440/4--€3,019€2,723€3,459▲ 27.1%
Other amounts payable47/48-€1,747€1,747€21,247€19,960▼ 6.1%
Line20202021202220232024Change
Profit (loss) for the period9904€4,034€17,995-€1,095-€8,353-€5,381▲ 35.6%
+ Depreciation and write-downs630€6,479€6,479€10,161€10,695€10,794▲ 0.9%
Operating cash flow (approximation)€10,513€24,474€9,066€2,342€5,413▲ 131%
Investment in fixed assets (approximation)--€20,491€0-€1,899€25▲ 101%
Change in cash-€15,884-€269€3,845-€3,305▼ 186%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
15-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial Highest result since 2018net €17,995 ▲346%
Operating result €20,484, net result €17,995, both a record.
31-12
Financial Liquidity doublescurrent ratio 2.73
Current ratio from 1.10 to 2.73.
29-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial Liquidity doublescurrent ratio 1.10
Current ratio from 0.54 to 1.10; short-term debt falls from €8,632 to €6,990.
28-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 150 days late
2019
31-12
Financial Back to profitnet €2,377
Net result €2,377 after one loss-making year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
21-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
21-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 52 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
4 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, Drogenbos · 2 establishment units since 2011
seat establishment All 2 establishment units on the map
Ground area
456 m²
Building footprint
220 m²
Volume, LiDAR
2,161 m³
3 parcels, Brussels, Flanders · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
DEVAND
Louis Hapstraat 235, 1040 EtterbeekHuman health activities
since 20112.210.478.560
DEVAND
Marie Collartstraat 2, 1620 DrogenbosHuman health activities
since 20112.201.968.789
3 parcels
Flanders 2 (66.7%) Brussels 1 (33.3%)
Parcel (capakey) Region Area Buildings Height / fl.
22001B0201/00G002 Flanders 285 m² 1 · 104 m² 11.0 m · 3 fl.
21364B0171/00W003 Brussels 87 m² 1 · 73 m² 16.8 m · 5 fl.
22001B0232/00Y002 Flanders 84 m² 1 · 44 m² 11.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded19-08-2011
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.