DEV & PAL
ActiveSummary
DEV & PAL has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,756 and a net result of €4,083. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 90% of 22,773 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-05-2016 Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110
- Establishment unit
- 2.255.158.839 1000 Brussel, since 01-07-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 22-10-2026
Board and ownership
- SINGH GurbhejDirector · until 2025
- SINGH KAUR ShivdevDirector · until 2025
- SINGH ParamjitDirector · last mentioned in 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €5,795
- ▼ 4.4%
- Turnover
- ≈ €170,000
- estimated
- Profit
- €4,083
- ▼ 2.3%
- Equity
- €27,756
- ▲ 17.2%
- Total assets
- €33,323
- ▲ 10.3%
Score breakdownraises riskSize: total assets €33,323lowers riskLiquidity: current ratio 5.99, cash €13,138Equity €27,756 (83.3% of total assets)Figures for financial year 2025 (filed on 27-07-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 92% of them on solvency, 94% on liquidity, 48% on profitability and 70% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 10 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 3% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as DEV & PAL: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €28,400 and €38,600, founded between 2014 and 2017.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| DEV & PAL Brussel | 2016 | €33,323 | €27,756 | €5,795 | - | €4,083 | 2025 |
| MILESTONE PRODUCTIONS Brussel | 2017 | €38,470 | -€5,353 | €5,823 | - | €174 | 2025 |
| IMI INVESTMENT Brussel | 2016 | €30,122 | €2,085 | €4,218 | €577,980 | -€16,733 | 2025 |
| FAHIM & MAESHA Anderlecht | 2017 | €38,591 | €17,614 | €5,371 | - | €2,943 | 2025 |
| EURO MODEL Koekelberg | 2014 | €36,952 | €27,751 | €5,753 | - | €1,933 | 2025 |
| STAR PLUS EXPRESS Elsene | 2015 | €28,440 | €16,046 | €4,488 | - | €2,538 | 2025 |
| AMAN SHOP Zoutleeuw | 2016 | €31,768 | €22,643 | €5,720 | €276,809 | €3,930 | 2025 |
They were chosen from the 5,985 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as DEV & PAL has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of DEV & PAL itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 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 34,693 companies, not a prediction for DEV & PAL. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €434,859 | €438,887 | €493,595 | €465,309 | €339,035 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €463,999 | €334,943 | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | - | €11 | €696 | €604 | ▼ 13.2% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €7 | - |
| Gross operating margin9900 | €1,669 | €3,082 | €3,423 | €2,390 | €5,172 | -€799 | €6,063 | €5,795 | ▼ 4.4% |
| Operating profit (loss)9901 | €1,669 | €2,318 | €2,947 | €2,390 | €5,172 | -€810 | €5,367 | €5,184 | ▼ 3.4% |
| Recurring financial income75 | €0 | - | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €165 | €178 | €95 | €144 | €80 | ▼ 44.6% |
| Recurring financial charges65 | €271 | €146 | €156 | €165 | €178 | €95 | €144 | €80 | ▼ 44.6% |
| Profit (loss) for the period before taxes9903 | €1,398 | €2,172 | €2,791 | €2,225 | €4,994 | -€906 | €5,223 | €5,104 | ▼ 2.3% |
| Income taxes67/77 | €339 | €527 | €677 | €445 | €999 | - | €1,045 | €1,021 | ▼ 2.3% |
| Profit (loss) for the period9904 | €1,059 | €1,645 | €2,114 | €1,780 | €3,995 | -€906 | €4,178 | €4,083 | ▼ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €1,059 | €1,645 | €2,114 | €1,780 | €3,995 | -€906 | €4,178 | €4,083 | ▼ 2.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €17,216 | €27,855 | €17,450 | €17,777 | €26,425 | €25,797 | €30,224 | €33,323 | ▲ 10.3% |
| Current assets29/58 | €17,216 | €27,855 | €17,450 | €17,777 | €26,425 | €25,797 | €30,224 | €33,323 | ▲ 10.3% |
| Stocks and contracts in progress3 | €12,961 | €26,852 | €12,168 | €15,212 | €12,692 | €10,131 | €20,341 | €18,800 | ▼ 7.6% |
| Stocks30/36 | - | - | - | €15,212 | €12,692 | €10,131 | €20,341 | €18,800 | ▼ 7.6% |
| Amounts receivable within one year40/41 | - | €764 | - | €1,086 | - | - | €155 | €1,385 | ▲ 794% |
| Other amounts receivable41 | - | - | - | €1,086 | - | - | €155 | €1,385 | ▲ 794% |
| Cash at bank and in hand54/58 | €4,255 | €238 | €5,283 | €1,480 | €13,733 | €15,666 | €9,728 | €13,138 | ▲ 35.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €17,216 | €27,855 | €17,450 | €17,777 | €26,425 | €25,797 | €30,224 | €33,323 | ▲ 10.3% |
| Equity10/15 | €10,866 | €12,511 | €14,625 | €16,405 | €20,400 | €19,494 | €23,672 | €27,756 | ▲ 17.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €450 | €743 | €1,127 | €1,127 | €1,127 | €1,127 | €1,127 | €1,127 | = |
| Non-distributable reserves130/1 | - | - | - | €1,127 | €1,127 | €1,127 | €1,127 | €1,127 | = |
| Reserves not available under the articles1311 | - | - | - | €1,127 | €1,127 | €1,127 | €1,127 | €1,127 | = |
| Profit (loss) carried forward14 | €4,216 | €5,568 | €7,298 | €9,078 | €13,073 | €12,168 | €16,346 | €20,429 | ▲ 25.0% |
| Amounts payable17/49 | €6,350 | €15,344 | €2,825 | €1,372 | €6,025 | €6,303 | €6,552 | €5,567 | ▼ 15.0% |
| Amounts payable within one year42/48 | €6,350 | €15,344 | €2,825 | €1,372 | €6,025 | €6,303 | €6,552 | €5,567 | ▼ 15.0% |
| Trade debts44 | €2,506 | €6,293 | €774 | €237 | €3,221 | €1,192 | €2,971 | €2,584 | ▼ 13.0% |
| Suppliers440/4 | - | - | - | €237 | €3,221 | €1,192 | €2,971 | €2,584 | ▼ 13.0% |
| Taxes, remuneration and social security45 | - | - | - | €1,135 | €2,804 | €5,110 | €3,580 | €2,983 | ▼ 16.7% |
| Taxes450/3 | - | - | - | €1,135 | €2,804 | €5,110 | €1,751 | €2,772 | ▲ 58.3% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €1,829 | €211 | ▼ 88.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,059 | €1,645 | €2,114 | €1,780 | €3,995 | -€906 | €4,178 | €4,083 | ▼ 2.3% |
| Operating cash flow (approximation) | €1,059 | €1,645 | €2,114 | €1,780 | €3,995 | -€906 | €4,178 | €4,083 | ▼ 2.3% |
| Change in cash | - | -€4,017 | €5,045 | -€3,803 | €12,253 | €1,933 | -€5,938 | €3,411 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00360899 | NBB |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00326829 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00296878 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00366918 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20373204 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-66000176 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-48200409 | |
| 31-12-2018 | full format | 26-08-2019 | 2019-52500050 | |
| 31-12-2017 | full format | 30-08-2018 | 2018-58500238 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-56000381 |
Board & ownership
Directors
Full text
Quai du Batelage numéro 3, a notamment décidé à l’unanimité : 1°/ d’adapter les statuts aux dispositions du Code des Sociétés et des Associations, de conserver la forme légale de la société à responsabilité limitée (en abrégé SRL) et de modifier ou confirmer les pouvoirs de représentations afin de permettre à un administrateur de représenter seul la société 2°/ de constater que le capital effectivement libéré et la réserve légale de la société ont été convertis de plein droit en un compte de capitaux propres statutairement indisponible et que la partie non encore libérée du capital a été convertie en un compte de capitaux propres “apports non appelés”, en application de la loi.
Owners and capital
Shareholders
- SINGH Jaspal
- SINGH Gurbhej
- SINGH Paramjit 100 shares
- SINGH KAUR Shivdev
Capital transactions
- 21-02-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| SINGH Gurbhej |
|
| SINGH KAUR Shivdev |
|
| SINGH Paramjit |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Première assemblée générale qui suit doit confirmer, administrateurs restants”
Articles of association, deed of 21-02-2024 (in French)
Network & group
Connections & network
See the function holders in the KBO register.
Timeline
Acts, filings and financial milestones
10-04
Gazette deed
Appointment: SINGH Paramjit (director)Resignations: SINGH KAUR Shivdev (director) and SINGH Gurbhej (director) · Shareholding · Power of attorney11 points ▸
- General meeting, 15-01-2025
- SINGH Jaspal is a shareholder
- SINGH Gurbhej is a shareholder
- SINGH Paramjit holds 100 shares
- SINGH KAUR Shivdev is a shareholder
- Power of attorney
- Director appointment, SINGH Paramjit (director)
- Director resignation, SINGH KAUR Shivdev (director)
- Director discharge, SINGH KAUR Shivdev (director)
- Director resignation, SINGH Gurbhej (director)
- Director discharge, SINGH Gurbhej (director)
21-02
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsCapital conversion · Reserve release · Board composition8 points ▸
- General meeting, 20-12-2023
- Other provision, “adaptation statuts au Code des Sociétés et des Associations, société à responsabilité limitée (SRL)” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression, fonds disponibles pour distribution” (deed in French)
- Amendment of the articles
- Board composition, SINGH, Gurbhej (director)
- Board composition, SINGH KAUR, Shivdev (director)
- Capital
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21814P0255/00Z002 | Brussels | 881 m² | 1 · 881 m² | 71.2 m · 22 |