DEV
ActiveSummary
The computed 12-month bankruptcy probability of DEV is 2.9% (moderate). The 2024 annual accounts show equity of €31,448 and a net result of -€10,981. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 18940 sector peers (fiscal year 2024). The company has been active since 1994 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-60
Solvency72▼-28
Growth52=
Track record92
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 3.72 in 2023; short-term debt: 53.2% and cash: 32.3% of total assets), but 53.2% of the assets are financed with debt.
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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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
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 2024Solvency, return and age of the figures
Solvency
46.8%
Return on assets
-16.3%
Age of the figures
21 mo
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 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€10,981
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-10-2025, 85 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
85 d late
2023
89 d late
2022
437 d late
2021
802 d late
2020
130 d late
2019
228 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 295 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawal
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€31,448▼ 25.9%
2023 · €42,429
Total assets
€67,177▲ 20.5%
2023 · €55,731
Net result
-€10,981▼ 179%
2023 · -€3,936
Working capital
€23,367▼ 35.3%
2023 · €36,140
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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€5,055▼ 56.2%€3,473▼ 31.3%€3,203▼ 7.8%-€2,659-€10,250▼ 286%
Net result€3,791within the sector's middle half▼ 59.8%€2,521within the sector's middle half▼ 33.5%€1,534within the sector's middle half▼ 39.1%-€3,936within the sector's middle half-€10,981below the sector's middle half▼ 179%
Equity€42,310within the sector's middle half▲ 9.8%€44,831within the sector's middle half▲ 6.0%€46,365within the sector's middle half▲ 3.4%€42,429within the sector's middle half▼ 8.5%€31,448within the sector's middle half▼ 25.9%
Total assets€67,949within the sector's middle half▼ 12.4%€55,151within the sector's middle half▼ 18.8%€59,023within the sector's middle half▲ 7.0%€55,731within the sector's middle half▼ 5.6%€67,177within the sector's middle half▲ 20.5%
Debt€25,640▼ 34.3%€10,321▼ 59.7%€12,658▲ 22.6%€13,303▲ 5.1%€35,729▲ 169%
Working capital€42,251above the sector's middle half▲ 4.6%€33,542within the sector's middle half▼ 20.6%€35,076within the sector's middle half▲ 4.6%€36,140within the sector's middle half▲ 3.0%€23,367within the sector's middle half▼ 35.3%
Solvency62.3%above the sector's middle half▲ 12.6pp81.3%above the sector's middle half▲ 19.0pp78.6%above the sector's middle half▼ 2.7pp76.1%above the sector's middle half▼ 2.4pp46.8%within the sector's middle half▼ 29.3pp
Current ratio2.65above the sector's middle half▲ 0.564.26above the sector's middle half▲ 1.613.78above the sector's middle half▼ 0.483.72above the sector's middle half▼ 0.051.65within the sector's middle half▼ 2.07
Return on assets (ROA)5.6%within the sector's middle half▼ 6.6pp4.6%within the sector's middle half▼ 1.0pp2.6%within the sector's middle half▼ 2.0pp-7.1%within the sector's middle half▼ 9.7pp-16.3%below the sector's middle half▼ 9.3pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 stays negative: a loss of €10,250 in 2024 against €2,659 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67,177
Fixed assets
€8,081 ▲ 28.1%
Current assets
€59,096 ▲ 19.6%
Equity and liabilities €67,177
Equity
€31,448 ▼ 25.9%
Debt
€35,729 ▲ 169%
Debt's share of the balance-sheet total rises from 23.9% to 53.2%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
1.14▲
2023 · 0.31
ROE
-34.9%▼
2023 · -9.3%
Debt ≤ 1 year
€35,729▲
2023 · €13,283
Income taxes
-€36▼
2023 · €1,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.9% 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 5,836 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,750 | - | €5,000 | - | - |
| Other operating charges640/8 | - | €1,327 | €719 | €2,317 | €8,560 | ▲ 270% |
| Gross operating margin9900 | €5,568 | €8,550 | €3,922 | €4,658 | -€1,690 | ▼ 136% |
| Operating profit (loss)9901 | €5,055 | €3,473 | €3,203 | -€2,659 | -€10,250 | ▼ 286% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | - | €111 | €210 | €61 | €767 | ▲ 1,154% |
| Recurring financial charges65 | - | €111 | €210 | €61 | €767 | ▲ 1,154% |
| Profit (loss) for the period before taxes9903 | €5,055 | €3,362 | €2,993 | -€2,719 | -€11,017 | ▼ 305% |
| Income taxes67/77 | €1,264 | €840 | €1,459 | €1,217 | -€36 | ▼ 103% |
| Profit (loss) for the period9904 | €3,791 | €2,521 | €1,534 | -€3,936 | -€10,981 | ▼ 179% |
| Profit (loss) for the period to be appropriated9905 | €3,791 | €2,521 | €1,534 | -€3,936 | -€10,981 | ▼ 179% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,949 | €55,151 | €59,023 | €55,731 | €67,177 | ▲ 20.5% |
| Fixed assets21/28 | €58 | €11,308 | €11,308 | €6,308 | €8,081 | ▲ 28.1% |
| Tangible fixed assets22/27 | €0 | €11,250 | €11,250 | €6,250 | €8,022 | ▲ 28.4% |
| Furniture and vehicles24 | - | €11,250 | €11,250 | €6,250 | €8,022 | ▲ 28.4% |
| Financial fixed assets28 | €58 | €58 | €58 | €58 | €58 | = |
| Current assets29/58 | €67,891 | €43,843 | €47,715 | €49,423 | €59,096 | ▲ 19.6% |
| Amounts receivable within one year40/41 | €42,053 | €18,725 | €35,114 | €33,328 | €36,973 | ▲ 10.9% |
| Trade receivables40 | - | €8,454 | €14,790 | - | €25,845 | - |
| Other amounts receivable41 | - | €10,271 | €20,324 | €33,328 | €11,128 | ▼ 66.6% |
| Cash at bank and in hand54/58 | €25,618 | €19,288 | €11,971 | €15,465 | €21,673 | ▲ 40.1% |
| Deferred charges and accrued income490/1 | - | €5,830 | €630 | €630 | €450 | ▼ 28.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,949 | €55,151 | €59,023 | €55,731 | €67,177 | ▲ 20.5% |
| Equity10/15 | €42,310 | €44,831 | €46,365 | €42,429 | €31,448 | ▼ 25.9% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Capital10 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Uncalled capital101 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Reserves13 | €2,880 | €2,880 | €2,880 | €2,880 | €2,880 | = |
| Non-distributable reserves130/1 | - | €2,880 | €2,880 | €2,880 | €2,880 | = |
| Legal reserve130 | - | €2,880 | €2,880 | €2,880 | €2,880 | = |
| Profit (loss) carried forward14 | €33,232 | €35,753 | €37,287 | €33,351 | €22,370 | ▼ 32.9% |
| Amounts payable17/49 | €25,640 | €10,321 | €12,658 | €13,303 | €35,729 | ▲ 169% |
| Amounts payable within one year42/48 | €25,640 | €10,301 | €12,639 | €13,283 | €35,729 | ▲ 169% |
| Financial debts43 | - | €927 | €936 | €938 | €936 | ▼ 0.2% |
| Credit institutions430/8 | - | €927 | €936 | €938 | €936 | ▼ 0.2% |
| Trade debts44 | €4,922 | €3,271 | €3,817 | €2,795 | €18,929 | ▲ 577% |
| Suppliers440/4 | - | €3,271 | €3,817 | €2,795 | €18,929 | ▲ 577% |
| Taxes, remuneration and social security45 | - | €6,103 | €7,259 | €8,979 | €15,294 | ▲ 70.3% |
| Taxes450/3 | - | €6,103 | €7,259 | €8,979 | €15,294 | ▲ 70.3% |
| Other amounts payable47/48 | - | - | €627 | €572 | €570 | ▼ 0.3% |
| Accrued charges and deferred income492/3 | - | €19 | €19 | €19 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,791 | €2,521 | €1,534 | -€3,936 | -€10,981 | ▼ 179% |
| + Depreciation and write-downs630 | - | €3,750 | - | €5,000 | - | - |
| Operating cash flow (approximation) | €3,791 | €6,271 | €1,534 | €1,064 | -€10,981 | ▼ 1,132% |
| Investment in fixed assets (approximation) | - | -€15,000 | €0 | €0 | -€1,772 | - |
| Change in cash | - | -€6,330 | -€7,317 | €3,494 | €6,208 | ▲ 77.7% |
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
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 85 days late
2024
31-12
Financial
Weakest financial yearnet -€10,981
Net result drops to -€10,981, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 437 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 802 days late
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 130 days late
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 228 days late
2019
31-12
Financial
Highest result since 2018net €9,438 ▲47.4%
Operating result €11,530, net result €9,438, both a record.
18-10
KBO administration
Strikeout withdrawal
event 28-09-2019
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 59 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
04-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 400 days late
2015
26-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 330 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2024
Ground area
301 m²
Building footprint
215 m²
Volume, LiDAR
1,470 m³
2 parcels, Brussels · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GRAPPA
since 20242.360.716.417
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818E0170/00P006 | Brussels | 221 m² | 1 · 173 m² | 10.9 m · 2 fl. |
| 21818E0170/00E006 | Brussels | 80 m² | 1 · 42 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 siteBrussel2.360.716.417
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 8,404 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 (pre-2019)
Founded30-09-1994
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453480245
Also
9925:BE0453480245
Registered
25-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.