DEV-SELI
ActiveSummary
DEV-SELI has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,467 and a net result of €47,139. Equity is growing by about 36% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €12,467
- Profit
- €47,139
- PALA DevrimDirector
Why 87raises riskNo registered site in the KBOEquity €12,467 (2.8% of total assets)lowers riskSize: total assets €438,106No main activity registeredShow the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 18% on solvency, 47% on liquidity, 65% on profitability and 94% on growth.
The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 49 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €47,139 ▲102%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 58% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 1,325 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,325 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €12,774 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,410 | €64,576 | €56,732 | €55,726 | €51,523 | €61,123 | €62,236 | ▲ 1.8% |
| Other operating charges640/8 | - | - | - | €3,513 | €1,106 | €1,354 | €2,300 | ▲ 69.9% |
| Gross operating margin9900 | €65,948 | €119,907 | €122,961 | €97,642 | €86,270 | €107,395 | €135,336 | ▲ 26.0% |
| Operating profit (loss)9901 | €753 | €52,534 | €61,268 | €38,402 | €33,641 | €44,918 | €70,800 | ▲ 57.6% |
| Financial income75/76B | - | - | - | - | €82 | €6 | €776 | ▲ 129× |
| Recurring financial income75 | €907 | €3 | - | - | €82 | €6 | €776 | ▲ 129× |
| Financial charges65/66B | - | - | - | €15,296 | €23,519 | €13,942 | €9,773 | ▼ 29.9% |
| Recurring financial charges65 | €20,637 | €23,094 | €19,797 | €15,296 | €23,519 | €13,942 | €9,773 | ▼ 29.9% |
| Profit (loss) for the period before taxes9903 | -€18,977 | €29,443 | €41,472 | €23,107 | €10,204 | €30,983 | €61,803 | ▲ 99.5% |
| Income taxes67/77 | €12,242 | €4,329 | €10,292 | €5,982 | €3,054 | €7,671 | €14,664 | ▲ 91.2% |
| Profit (loss) for the period9904 | -€31,219 | €25,113 | €31,180 | €17,125 | €7,150 | €23,311 | €47,139 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | -€31,219 | €25,113 | €31,180 | €17,125 | €7,150 | €23,311 | €47,139 | ▲ 102% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €499,002 | €496,155 | €434,713 | €384,807 | €393,415 | €445,016 | €438,106 | ▼ 1.6% |
| Fixed assets21/28 | €454,679 | €457,987 | €405,655 | €363,466 | €323,525 | €379,910 | €371,943 | ▼ 2.1% |
| Tangible fixed assets22/27 | €454,411 | €457,719 | €405,387 | €363,198 | €323,257 | €379,642 | €371,675 | ▼ 2.1% |
| Land and buildings22 | - | - | - | €359,592 | €319,697 | €284,401 | €301,134 | ▲ 5.9% |
| Plant, machinery and equipment23 | - | - | - | - | €1,147 | €511 | €739 | ▲ 44.7% |
| Furniture and vehicles24 | - | - | - | €3,606 | €2,412 | €94,731 | €69,801 | ▼ 26.3% |
| Financial fixed assets28 | €268 | €268 | €268 | €268 | €268 | €268 | €268 | = |
| Current assets29/58 | €44,323 | €38,168 | €29,058 | €21,342 | €69,891 | €65,106 | €66,164 | ▲ 1.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €32,000 | €32,000 | €26,240 | ▼ 18.0% |
| Trade receivables290 | - | - | - | - | €32,000 | €32,000 | - | - |
| Other amounts receivable291 | - | - | - | - | - | - | €26,240 | - |
| Amounts receivable within one year40/41 | €13,768 | €3,535 | - | €18 | €18,497 | €960 | €9,282 | ▲ 867% |
| Trade receivables40 | - | - | - | - | €15,533 | €960 | €9,282 | ▲ 867% |
| Other amounts receivable41 | - | - | - | €18 | €2,964 | - | - | - |
| Cash at bank and in hand54/58 | - | €2 | €10,894 | €3,665 | €2,378 | €13,020 | €30,430 | ▲ 134% |
| Deferred charges and accrued income490/1 | - | - | - | €17,658 | €17,015 | €19,126 | €211 | ▼ 98.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €499,002 | €496,155 | €434,713 | €384,807 | €393,415 | €445,016 | €438,106 | ▼ 1.6% |
| Equity10/15 | -€138,551 | -€113,438 | -€82,258 | -€65,133 | -€57,983 | -€34,672 | €12,467 | - |
| Contributions10/11 | €12,500 | €12,500 | - | €12,500 | €12,500 | €12,500 | €14,360 | ▲ 14.9% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | -€152,911 | -€127,798 | -€96,618 | -€79,493 | -€72,343 | -€49,032 | -€1,893 | ▲ 96.1% |
| Amounts payable17/49 | €637,553 | €609,593 | €516,971 | €449,940 | €451,398 | €479,688 | €425,639 | ▼ 11.3% |
| Amounts payable after more than one year17 | €525,421 | €469,356 | €397,240 | €333,197 | €335,890 | €339,228 | €338,856 | ▼ 0.1% |
| Financial debts170/4 | - | - | - | €333,197 | €335,890 | €339,228 | €338,856 | ▼ 0.1% |
| Amounts payable within one year42/48 | €112,132 | €140,238 | €119,731 | €116,743 | €115,508 | €135,928 | €86,572 | ▼ 36.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €62,787 | €64,814 | €83,061 | €69,705 | ▼ 16.1% |
| Trade debts44 | €18,567 | €11,154 | €11,508 | €15,676 | €11,559 | €11,255 | €6,986 | ▼ 37.9% |
| Suppliers440/4 | - | - | - | €15,676 | €11,559 | €11,255 | €6,986 | ▼ 37.9% |
| Taxes, remuneration and social security45 | - | - | - | €11,824 | €9,703 | €11,764 | €9,882 | ▼ 16.0% |
| Taxes450/3 | - | - | - | €11,824 | €9,703 | €11,764 | €9,882 | ▼ 16.0% |
| Other amounts payable47/48 | - | - | - | €26,457 | €29,432 | €29,849 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €4,532 | €211 | ▼ 95.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,219 | €25,113 | €31,180 | €17,125 | €7,150 | €23,311 | €47,139 | ▲ 102% |
| + Depreciation and write-downs630 | €61,410 | €64,576 | €56,732 | €55,726 | €51,523 | €61,123 | €62,236 | ▲ 1.8% |
| Operating cash flow (approximation) | €30,191 | €89,690 | €87,913 | €72,852 | €58,673 | €84,434 | €109,375 | ▲ 29.5% |
| Investment in fixed assets (approximation) | - | -€67,884 | -€4,400 | -€13,537 | -€11,582 | -€117,509 | -€54,268 | ▲ 53.8% |
| Change in cash | - | - | €10,892 | -€7,229 | -€1,286 | €10,641 | €17,410 | ▲ 63.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 15-12-2025 | 2025-00581259 |
| 30-06-2024 | micro format | 09-12-2024 | 2024-00611918 |
| 30-06-2023 | micro format | 09-11-2023 | 2023-00508902 |
| 30-06-2022 | micro format | 22-11-2022 | 2022-20523195 |
| 30-06-2021 | micro format | 03-01-2022 | 2022-00100271 |
| 30-06-2020 | micro format | 31-01-2021 | 2021-03200183 |
| 30-06-2019 | micro format | 28-11-2019 | 2019-74600112 |
| 30-06-2018 | micro format | 08-11-2018 | 2018-71800107 |
| 30-06-2017 | micro format | 24-11-2017 | 2017-70100087 |
| 30-06-2016 | full format | 25-11-2016 | 2016-68300398 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| PALA Devrim |
|
Owners and capital
Owners
1 ownerOwners 1
- Pala Devrimnatural personSourceown accounts 30-06-2018100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-02
Gazette deed
Appointment: PALA Devrim (director)Legal-form conversion · Capital conversion · Reserve release12 facts ▸
- General meeting, 15-12-2023
- Other provision, “entièrement, soumission intégrale au Code des sociétés et des associations” (deed in French)
- Legal-form conversion, “société à responsabilité limitée” (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
- Capital
- Other provision, “démission du gérant, fin fonction gérant actuel” (deed in French)
- Director appointment, PALA Devrim (director (not named in the articles))
- Registered office clause, “1130 Bruxelles(Haren),rue de Verdun,507” (deed in French)
- Power of attorney, PALA Devrim
- Power of attorney, Nicolas van Raemdonck
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21821A0113/00D002 | Brussels | 622 m² | 1 · 66 m² | 11.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'exercice de la médecine, ainsi que la recherche médicale dans le domaine énoncé ci-avant par le ou les associés qui la composent, lesquels…” (deed in French)
7 activities (deed in French)
- L'exercice de la médecine, ainsi que la recherche médicale dans le domaine énoncé ci-avant par le ou les associés qui la composent, lesquels sont exclusivement des médecins inscrits au Tableau de l'Ordre des Médecins;
- La création et l'entretien de liens privilégiés entre médecins, belges et étrangers, visant à partager les connaissances, expériences et informations générales utiles à une meilleure pratique de la médecine et au maintien d'une collaboration efficace entre ces deux disciplines;
- La société peut également s'intéresser à l'amélioration et à la promotion de la santé;
- La société peut mener toutes opérations nécessaires afin de réaliser l'objet de la société :
- La médecine est exercée au nom et pour le compte de la société. En cas de pluralité d'associés, ceux-ci mettent en commun la totalité de leur activité médicale au sein de la société. Les honoraires sont perçus par et pour la société;
- La société pourra faire tout acte nécessaire et/ou indispensable à l'accomplissement de son objet et plus particulièrement toute transaction mobilière et immobilière concernant les locaux médicaux, l'achat de matériel médical et non médical, l'engagement du personnel administratif, soignant, pratiquant ou appelé à pratiquer dans la société;
- La société peut acheter et vendre des biens immeubles pour autant que cette activité s'inscrive dans le cadre d'une gestion en bon père de famille, que le caractère civil de la société ne soit pas remis en cause et sans que cette activité ait un caractère régulier et commercial;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DEV-SELI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, Annexes du Moniteur belge” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “(on omet) Article 15 - Pouvoirs de l'organe d'administration S'il n'y a qu'un seul administrateur, la totalité des pouvoirs d'administration…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs, personnes physiques choisies parmi les actionnaires” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Saturday of October at 10:00