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Dev IT

Active
Private limited companyfounded 201313 years activeHeirbaan 176, 3621 Lanaken, BelgiumKBO/BCE: BE 0539.716.908
Summary

Dev IT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,611 and a net result of -€32,982. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 72% of 20,943 sector peers (NACE 62, fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · fiscal year 2025, micro schema

Equity
€102,611▼ 36.3%
2024 · €161,100
Total assets
€131,002▼ 28.0%
2024 · €181,910
Net result
-€32,982
2024 · €16,002
Working capital
€28,858▼ 56.8%
2024 · €66,850
Trend over the years

2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years

The operating result turns negative in 2025: a loss of €32,202 after €23,016 in 2024, the lowest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result-€32,202 2025 Net result-€32,982 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€1,197-€24,430▲ 1,942%€35,038▲ 43.4%€78,096▲ 123%€41,125▼ 47.3%€28,035▼ 31.8%€23,016▼ 17.9%-€32,202
Net result-€59-€19,904€25,507within the sector's middle half▲ 28.2%€58,307above the sector's middle half▲ 129%€29,416within the sector's middle half▼ 49.6%€20,006within the sector's middle half▼ 32.0%€16,002within the sector's middle half▼ 20.0%-€32,982below the sector's middle half
Equity€15,840-€35,744▲ 126%€61,251within the sector's middle half▲ 71.4%€103,742within the sector's middle half▲ 69.4%€133,158within the sector's middle half▲ 28.4%€153,164within the sector's middle half▲ 15.0%€161,100within the sector's middle half▲ 5.2%€102,611within the sector's middle half▼ 36.3%
Total assets€54,911-€65,297▲ 18.9%€92,398within the sector's middle half▲ 41.5%€152,960within the sector's middle half▲ 65.5%€163,082within the sector's middle half▲ 6.6%€156,746within the sector's middle half▼ 3.9%€181,910within the sector's middle half▲ 16.1%€131,002within the sector's middle half▼ 28.0%
Debt€39,071-€29,553▼ 24.4%€31,147▲ 5.4%€49,217▲ 58.0%€29,924▼ 39.2%€3,581▼ 88.0%€20,811▲ 481%€28,391▲ 36.4%
Working capital€5,560--€2,282€11,223below the sector's middle half€8,293below the sector's middle half▼ 26.1%€26,212within the sector's middle half▲ 216%€59,381within the sector's middle half▲ 127%€66,850within the sector's middle half▲ 12.6%€28,858within the sector's middle half▼ 56.8%
Solvency28.8%-54.7%▲ 25.9pp66.3%within the sector's middle half▲ 11.6pp67.8%within the sector's middle half▲ 1.5pp81.7%above the sector's middle half▲ 13.8pp97.7%above the sector's middle half▲ 16.1pp88.6%above the sector's middle half▼ 9.2pp78.3%within the sector's middle half▼ 10.2pp
Current ratio1.25-0.89▼ 0.361.38within the sector's middle half▲ 0.491.17below the sector's middle half▼ 0.211.88within the sector's middle half▲ 0.7117.58above the sector's middle half▲ 15.714.21within the sector's middle half▼ 13.372.04within the sector's middle half▼ 2.17
Return on assets (ROA)-0.1%-30.5%▲ 30.6pp27.6%above the sector's middle half▼ 2.9pp38.1%above the sector's middle half▲ 10.5pp18.0%within the sector's middle half▼ 20.1pp12.8%within the sector's middle half▼ 5.3pp8.8%within the sector's middle half▼ 4.0pp-25.2%below the sector's middle half▼ 34.0pp
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131,002
Fixed assets €74,487 ▼ 21.0%
Current assets €56,515 ▼ 35.5%
Equity and liabilities €131,002
Equity €102,611 ▼ 36.3%
Debt €28,391 ▲ 36.4%
Debt's share of the balance-sheet total rises from 11.4% to 21.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€12,439▼
2024 · €42,621
Cash flow
-€13,219▼
2024 · €35,608
Debt to equity
0.28▲
2024 · 0.13
ROE
-32.1%▼
2024 · 9.9%
Interest coverage
-24.08▼
2024 · 284.03
Debt ≤ 1 year
€27,657▲
2024 · €20,811
Income taxes
€292▼
2024 · €7,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.0% went bankrupt
9.8% stopped otherwise
88% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,805 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 · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€181,910€131,002▼
Fixed assets21/28€94,249€74,487▼
Tangible fixed assets22/27€94,249€74,487▼
Land and buildings22€52,814€48,074▼
Plant, machinery and equipment23€8,230€3,525▼
Furniture and vehicles24€33,205€22,887▼
Current assets29/58€87,661€56,515▼
Amounts receivable within one year40/41€11,405€18,805▲
Trade receivables40€3,310€18,043▲
Other amounts receivable41€8,094€762▼
Cash at bank and in hand54/58€73,999€35,553▼
Deferred charges and accrued income490/1€2,257€2,158▼
Equity and liabilities
Total equity and liabilities10/49€181,910€131,002▼
Equity10/15€161,100€102,611▼
Contributions10/11€6,200€6,200=
Reserves13€154,900€129,393▼
Tax-exempt reserves132€4,538€4,538=
Distributable reserves133€150,362€124,855▼
Profit (loss) carried forward14--€32,982
Amounts payable17/49€20,811€28,391▲
Amounts payable within one year42/48€20,811€27,657▲
Trade debts44€1,474€348▼
Suppliers440/4€1,474€348▼
Taxes, remuneration and social security45€11,269€1,689▼
Taxes450/3€4,286€1,689▼
Remuneration and social security454/9€6,984-
Other amounts payable47/48€8,067€25,620▲
Accrued charges and deferred income492/3-€734
Income statement Code20242025
Non-recurring operating income76A€552-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,605€19,763▲
Other operating charges640/8€1,109€241▼
Gross operating margin9900€43,730-€12,198▼
Operating profit (loss)9901€23,016-€32,202▼
Financial income75/76B€136€28▼
Recurring financial income75€136€28▼
Financial charges65/66B€150€516▲
Recurring financial charges65€150€516▲
Profit (loss) for the period before taxes9903€23,002-€32,690▼
Income taxes67/77€7,000€292▼
Profit (loss) for the period9904€16,002-€32,982▼
Profit (loss) for the period to be appropriated9905€16,002-€32,982▼
Appropriation of the result
Profit (loss) to be appropriated9906€16,002-€32,982▼
Transfer from equity791/2€8,067€25,507▲
Transfer to equity691/2€16,002-
To other reserves6921€16,002-
Profit to be distributed694/7€8,067€25,507▲
Return on contributions (dividend)694€8,067€25,507▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A------€552--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,310€14,897€13,555€19,464€22,124€19,580€19,605€19,763▲ 0.8%
Other operating charges640/8---€303€590€327€1,109€241▼ 78.3%
Gross operating margin9900€15,637€40,550€58,023€97,863€63,839€47,942€43,730-€12,198▼ 128%
Operating profit (loss)9901€1,197€24,430€35,038€78,096€41,125€28,035€23,016-€32,202▼ 240%
Financial income75/76B---€0€50€104€136€28▼ 79.2%
Recurring financial income75€1€1€57€0€50€104€136€28▼ 79.2%
Financial charges65/66B---€370€445€186€150€516▲ 244%
Recurring financial charges65€921€715€503€370€445€186€150€516▲ 244%
Profit (loss) for the period before taxes9903€277€23,717€34,591€77,725€40,730€27,952€23,002-€32,690▼ 242%
Income taxes67/77€337€3,813€9,084€19,418€11,315€7,946€7,000€292▼ 95.8%
Profit (loss) for the period9904-€59€19,904€25,507€58,307€29,416€20,006€16,002-€32,982▼ 306%
Profit (loss) for the period to be appropriated9905-€59€15,366€25,507€58,307€29,416€20,006€16,002-€32,982▼ 306%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€54,911€65,297€92,398€152,960€163,082€156,746€181,910€131,002▼ 28.0%
Fixed assets21/28€26,898€47,085€51,338€95,450€106,946€93,784€94,249€74,487▼ 21.0%
Tangible fixed assets22/27€26,898€47,085€51,338€95,450€106,946€93,784€94,249€74,487▼ 21.0%
Land and buildings22---€67,032€62,293€57,553€52,814€48,074▼ 9.0%
Plant, machinery and equipment23---€23,505€10,721€9,967€8,230€3,525▼ 57.2%
Furniture and vehicles24---€4,913€33,932€26,264€33,205€22,887▼ 31.1%
Current assets29/58€28,013€18,212€41,060€57,510€56,136€62,962€87,661€56,515▼ 35.5%
Amounts receivable within one year40/41€5,461€5,792€858€2,905€5,357€12,762€11,405€18,805▲ 64.9%
Trade receivables40---€1,639-€2,344€3,310€18,043▲ 445%
Other amounts receivable41---€1,266€5,357€10,418€8,094€762▼ 90.6%
Cash at bank and in hand54/58€22,552€12,420€39,531€51,887€49,511€48,140€73,999€35,553▼ 52.0%
Deferred charges and accrued income490/1---€2,717€1,268€2,060€2,257€2,158▼ 4.4%
Equity and liabilities
Total equity and liabilities10/49€54,911€65,297€92,398€152,960€163,082€156,746€181,910€131,002▼ 28.0%
Equity10/15€15,840€35,744€61,251€103,742€133,158€153,164€161,100€102,611▼ 36.3%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€16,471€29,544€55,051€97,542€126,958€146,964€154,900€129,393▼ 16.5%
Non-distributable reserves130/1---€1,123€1,123€1,123---
Reserves not available under the articles1311---€1,123€1,123€1,123---
Tax-exempt reserves132---€4,538€4,538€4,538€4,538€4,538=
Distributable reserves133---€91,882€121,298€141,304€150,362€124,855▼ 17.0%
Profit (loss) carried forward14-€6,831-€6,772-€6,831-----€32,982-
Amounts payable17/49€39,071€29,553€31,147€49,217€29,924€3,581€20,811€28,391▲ 36.4%
Amounts payable after more than one year17€16,618€9,059€1,310------
Amounts payable within one year42/48€22,452€20,494€29,837€49,217€29,924€3,581€20,811€27,657▲ 32.9%
Current portion of amounts payable after more than one year42---€1,310-----
Trade debts44€649€9,145€9,214€5,054€2,786€3,047€1,474€348▼ 76.4%
Suppliers440/4---€5,054€2,786€3,047€1,474€348▼ 76.4%
Taxes, remuneration and social security45---€29,539€27,137€534€11,269€1,689▼ 85.0%
Taxes450/3---€19,418€23,955€534€4,286€1,689▼ 60.6%
Remuneration and social security454/9---€10,121€3,182-€6,984--
Other amounts payable47/48---€13,314--€8,067€25,620▲ 218%
Accrued charges and deferred income492/3-------€734-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€59€19,904€25,507€58,307€29,416€20,006€16,002-€32,982▼ 306%
+ Depreciation and write-downs630€9,310€14,897€13,555€19,464€22,124€19,580€19,605€19,763▲ 0.8%
Operating cash flow (approximation)€9,251€34,801€39,062€77,771€51,540€39,587€35,608-€13,219▼ 137%
Investment in fixed assets (approximation)--€35,084-€17,808-€63,576-€33,620-€6,418-€20,071€0▲ 100%
Change in cash--€10,132€27,111€12,356-€2,376-€1,371€25,859-€38,446▼ 249%

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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