DESTOOP - DEVOS
ActiveSummary
DESTOOP - DEVOS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €275,542 and a net result of €25,998. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-1
Solvency61▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.48 in 2023; short-term debt: 32.4% and cash: 2.8% of total assets), and 63.6% of the assets are financed with debt.
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Signals
Three 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
71 d late
2022
25 d early
2021
54 d late
2020
1 d early
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€275,542▲ 10.4%
2023 · €249,544
Total assets
€757,303▲ 32.7%
2023 · €570,694
Net result
€25,998▲ 693%
2023 · €3,280
Working capital
-€143,266▼ 2.9%
2023 · -€139,266
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€66,190€36,330▼ 45.1%€207,722▲ 472%€14,416▼ 93.1%€52,631▲ 265%
Net result€47,491above the sector's middle half€24,760within the sector's middle half▼ 47.9%€135,189above the sector's middle half▲ 446%€3,280within the sector's middle half▼ 97.6%€25,998within the sector's middle half▲ 693%
Equity€86,315within the sector's middle half▲ 122%€111,075within the sector's middle half▲ 28.7%€246,264above the sector's middle half▲ 122%€249,544above the sector's middle half▲ 1.3%€275,542above the sector's middle half▲ 10.4%
Total assets€274,881within the sector's middle half▲ 32.2%€328,629above the sector's middle half▲ 19.6%€534,143above the sector's middle half▲ 62.5%€570,694above the sector's middle half▲ 6.8%€757,303above the sector's middle half▲ 32.7%
Debt€188,566▲ 11.5%€217,554▲ 15.4%€287,879▲ 32.3%€321,150▲ 11.6%€481,761▲ 50.0%
Working capital€86,499above the sector's middle half▲ 382%€51,745within the sector's middle half▼ 40.2%€123,364above the sector's middle half▲ 138%-€139,266below the sector's middle half-€143,266below the sector's middle half▼ 2.9%
Solvency31.4%within the sector's middle half▲ 12.7pp33.8%within the sector's middle half▲ 2.4pp46.1%within the sector's middle half▲ 12.3pp43.7%within the sector's middle half▼ 2.4pp36.4%within the sector's middle half▼ 7.3pp
Current ratio1.61within the sector's middle half▲ 0.461.31within the sector's middle half▼ 0.291.52within the sector's middle half▲ 0.210.48below the sector's middle half▼ 1.050.42below the sector's middle half▼ 0.06
Return on assets (ROA)17.3%above the sector's middle half▲ 36.4pp7.5%within the sector's middle half▼ 9.7pp25.3%above the sector's middle half▲ 17.8pp0.6%within the sector's middle half▼ 24.7pp3.4%within the sector's middle half▲ 2.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 265% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €757,303
Fixed assets
€655,054 ▲ 47.6%
Current assets
€102,250 ▼ 19.5%
Equity and liabilities €757,303
Equity
€275,542 ▲ 10.4%
Debt
€481,761 ▲ 50.0%
Debt's share of the balance-sheet total rises from 56.3% to 63.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€122,088▲
2023 · €68,589
Cash flow
€95,455▲
2023 · €57,453
Quick ratio
0.41▼
2023 · 0.48
Debt to equity
1.75▲
2023 · 1.29
ROE
9.4%▲
2023 · 1.3%
Interest coverage
5.36▼
2023 · 6.48
Debt ≤ 1 year
€245,516▼
2023 · €266,293
Debt > 1 year
€218,640▲
2023 · €45,800
Income taxes
€4,586▲
2023 · €1,487
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 6,045 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,583 | €29,383 | €49,272 | €54,173 | €69,457 | ▲ 28.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€1,385 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €1,609 | €1,122 | €3,049 | €2,057 | ▼ 32.5% |
| Gross operating margin9900 | €90,030 | €67,322 | €258,116 | €70,253 | €124,145 | ▲ 76.7% |
| Operating profit (loss)9901 | €66,190 | €36,330 | €207,722 | €14,416 | €52,631 | ▲ 265% |
| Financial income75/76B | - | €357 | €857 | €932 | €748 | ▼ 19.7% |
| Recurring financial income75 | €272 | €357 | €857 | €932 | €748 | ▼ 19.7% |
| Financial charges65/66B | - | €5,525 | €5,985 | €10,581 | €22,795 | ▲ 115% |
| Recurring financial charges65 | €4,593 | €5,525 | €5,985 | €10,581 | €22,795 | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €61,850 | €31,162 | €202,594 | €4,767 | €30,584 | ▲ 542% |
| Income taxes67/77 | €14,359 | €6,401 | €67,405 | €1,487 | €4,586 | ▲ 208% |
| Profit (loss) for the period9904 | €47,491 | €24,760 | €135,189 | €3,280 | €25,998 | ▲ 693% |
| Profit (loss) for the period to be appropriated9905 | €47,491 | €24,760 | €135,189 | €3,280 | €25,998 | ▲ 693% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274,881 | €328,629 | €534,143 | €570,694 | €757,303 | ▲ 32.7% |
| Fixed assets21/28 | €45,616 | €110,970 | €175,071 | €443,668 | €655,054 | ▲ 47.6% |
| Tangible fixed assets22/27 | €43,216 | €108,570 | €172,671 | €440,648 | €652,034 | ▲ 48.0% |
| Land and buildings22 | - | - | - | €306,856 | €288,285 | ▼ 6.1% |
| Plant, machinery and equipment23 | - | €79,435 | €54,407 | €37,425 | €23,725 | ▼ 36.6% |
| Furniture and vehicles24 | - | €29,135 | €118,264 | €89,926 | €63,392 | ▼ 29.5% |
| Assets under construction and advance payments27 | - | - | - | €6,440 | €276,632 | ▲ 4,195% |
| Financial fixed assets28 | €2,400 | €2,400 | €2,400 | €3,020 | €3,020 | = |
| Current assets29/58 | €229,265 | €217,659 | €359,072 | €127,027 | €102,250 | ▼ 19.5% |
| Stocks and contracts in progress3 | €500 | €500 | €500 | €500 | €500 | = |
| Stocks30/36 | - | €500 | €500 | €500 | €500 | = |
| Amounts receivable within one year40/41 | €33,451 | €57,253 | €107,734 | €41,171 | €77,685 | ▲ 88.7% |
| Trade receivables40 | - | €36,530 | €99,136 | €13,477 | €52,700 | ▲ 291% |
| Other amounts receivable41 | - | €20,723 | €8,599 | €27,694 | €24,984 | ▼ 9.8% |
| Current investments50/53 | €40,000 | €40,000 | - | - | - | - |
| Cash at bank and in hand54/58 | €153,603 | €117,489 | €248,968 | €82,856 | €21,090 | ▼ 74.5% |
| Deferred charges and accrued income490/1 | - | €2,418 | €1,869 | €2,500 | €2,975 | ▲ 19.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274,881 | €328,629 | €534,143 | €570,694 | €757,303 | ▲ 32.7% |
| Equity10/15 | €86,315 | €111,075 | €246,264 | €249,544 | €275,542 | ▲ 10.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €80,115 | €104,875 | €240,064 | €243,344 | €269,342 | ▲ 10.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €103,015 | €238,204 | €243,344 | €269,342 | ▲ 10.7% |
| Amounts payable17/49 | €188,566 | €217,554 | €287,879 | €321,150 | €481,761 | ▲ 50.0% |
| Amounts payable after more than one year17 | €45,800 | €45,800 | €45,800 | €45,800 | €218,640 | ▲ 377% |
| Financial debts170/4 | - | €45,800 | €45,800 | €45,800 | €218,640 | ▲ 377% |
| Amounts payable within one year42/48 | €142,766 | €165,914 | €235,708 | €266,293 | €245,516 | ▼ 7.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €16,262 | - |
| Trade debts44 | €18,458 | €23,482 | €16,628 | €12,466 | €25,661 | ▲ 106% |
| Suppliers440/4 | - | €23,482 | €16,628 | €12,466 | €25,661 | ▲ 106% |
| Taxes, remuneration and social security45 | - | €89 | €62,855 | €1,632 | €31,999 | ▲ 1,860% |
| Taxes450/3 | - | €89 | €62,855 | €1,632 | €31,999 | ▲ 1,860% |
| Other amounts payable47/48 | - | €142,344 | €156,224 | €252,194 | €171,595 | ▼ 32.0% |
| Accrued charges and deferred income492/3 | - | €5,839 | €6,372 | €9,058 | €17,605 | ▲ 94.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,491 | €24,760 | €135,189 | €3,280 | €25,998 | ▲ 693% |
| + Depreciation and write-downs630 | €22,583 | €29,383 | €49,272 | €54,173 | €69,457 | ▲ 28.2% |
| Operating cash flow (approximation) | €70,075 | €54,143 | €184,460 | €57,453 | €95,455 | ▲ 66.1% |
| Investment in fixed assets (approximation) | - | -€94,737 | -€113,374 | -€322,769 | -€280,843 | ▲ 13.0% |
| Change in cash | - | -€36,114 | €131,479 | -€166,113 | -€61,766 | ▲ 62.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €135,189 ▲446%
Operating result €207,722, net result €135,189, both a record.
31-12
Financial
Equity above €200,000Eq €246,264 ▲122%
3 profitable years in a row build equity to €246,264.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
31-12
Financial
Equity above €100,000Eq €111,075 ▲28.7%
2 profitable years in a row build equity to €111,075.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €47,491
Net result €47,491 after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Weakest financial yearnet -€39,689
Net result drops to -€39,689, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2007
Ground area
1,064 m²
Building footprint
133 m²
Volume, LiDAR
803 m³
Parcel 37303I0145/00G002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Destoop - Devos
since 20072.167.860.027
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303I0145/00G002 | Flanders | 1,064 m² | 1 · 133 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,011 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-11-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893564988
Also
9925:BE0893564988
Registered
03-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.