DEVABOS
ActiveSummary
DEVABOS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8k and a net result of €-72. Equity is shrinking by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+10
Solvency63▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.41 in 2023; short-term debt: 62.3% and cash: 68.6% of total assets), and 62.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
37.7%
Return on assets
-0.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
35 d early
2022
32 d early
2021
35 d early
2020
35 d early
2019
26 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€8k▼ 0.9%
2023 · €8k
2018: €16khighest in 7 years
2019: €16k▼ -2.0% vs 2018
2020: €13k▼ -18.9% vs 2019
2021: €10k▼ -25.0% vs 2020
2022: €8k▼ -16.2% vs 2021
2023: €8k▼ -4.2% vs 2022
2024: €8k▼ -0.9% vs 2023lowest in 7 years
2018 → 2024
Total assets
€21k▲ 9.5%
2023 · €19k
2018: €23k
2019: €24k▲ +6.3% vs 2018highest in 7 years
2020: €22k▼ -9.8% vs 2019
2021: €20k▼ -10.7% vs 2020
2022: €19k▼ -5.5% vs 2021lowest in 7 years
2023: €19k▲ +1.4% vs 2022
2024: €21k▲ +9.5% vs 2023
2018 → 2024
Net result
€-72▲ 78.7%
2023 · €-339
2018: €1khighest in 7 years
2019: €-319▼ -125% vs 2018
2020: €-3k▼ -847% vs 2019
2021: €-3k▼ -7.4% vs 2020lowest in 7 years
2022: €-2k▲ +51.3% vs 2021
2023: €-339▲ +78.6% vs 2022
2024: €-72▲ +78.7% vs 2023
2018 → 2024
Working capital
€6k▲ 27.3%
2023 · €4k
2018: €15k
2019: €15k● +0.0% vs 2018highest in 7 years
2020: €12k▼ -18.4% vs 2019
2021: €9k▼ -24.6% vs 2020
2022: €8k▼ -15.6% vs 2021
2023: €4k▼ -41.9% vs 2022lowest in 7 years
2024: €6k▲ +27.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€13k-€10k▼ 25.0%€8k▼ 16.2%€8k▼ 4.2%€8k▼ 0.9%
2020: €13khighest in 5 years
2021: €10k▼ -25.0% vs 2020
2022: €8k▼ -16.2% vs 2021
2023: €8k▼ -4.2% vs 2022
2024: €8k▼ -0.9% vs 2023lowest in 5 years
Operating result€-2k-€-2k▼ 19.0%€-808▲ 67.6%€954€1k▲ 46.6%
2020: €-2k
2021: €-2k▼ -19.0% vs 2020lowest in 5 years
2022: €-808▲ +67.6% vs 2021
2023: €954▲ +218% vs 2022
2024: €1k▲ +46.6% vs 2023highest in 5 years
Net result€-3k-€-3k▼ 7.4%€-2k▲ 51.3%€-339▲ 78.6%€-72▲ 78.7%
2020: €-3k
2021: €-3k▼ -7.4% vs 2020lowest in 5 years
2022: €-2k▲ +51.3% vs 2021
2023: €-339▲ +78.6% vs 2022
2024: €-72▲ +78.7% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 47% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21k
Fixed assets
€2k ▼ 38.5%
Current assets
€19k ▲ 20.0%
Equity and liabilities €21k
Equity
€8k ▼ 0.9%
Debt
€13k ▲ 17.0%
Debt's share of the balance-sheet total rises from 58.3% to 62.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▲
2023 · €1k
Cash flow
€1k▲
2023 · €179
Current ratio
1.44▲
2023 · 1.41
Debt to equity
1.65▲
2023 · 1.40
ROE
-0.9%▲
2023 · -4.3%
ROA
-0.4%▲
2023 · -1.8%
Interest coverage
14.21▲
2023 · 5.04
Debt ≤ 1 year
€13k▲
2023 · €11k
Income taxes
€1k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €298 | €269 | €157 | €518 | €1k | ▲ 150% |
| Other operating charges640/8 | - | €956 | €943 | €996 | €972 | ▼ 2.4% |
| Gross operating margin9900 | €-826 | €-1k | €292 | €2k | €4k | ▲ 48.4% |
| Operating profit (loss)9901 | €-2k | €-2k | €-808 | €954 | €1k | ▲ 46.6% |
| Financial income75/76B | - | - | - | - | €90 | - |
| Recurring financial income75 | - | - | - | - | €90 | - |
| Financial charges65/66B | - | €621 | €509 | €292 | €189 | ▼ 35.2% |
| Recurring financial charges65 | €820 | €621 | €509 | €292 | €189 | ▼ 35.2% |
| Profit (loss) for the period before taxes9903 | €-3k | €-3k | €-1k | €662 | €1k | ▲ 96.4% |
| Income taxes67/77 | €107 | €131 | €265 | €1k | €1k | ▲ 37.0% |
| Profit (loss) for the period9904 | €-3k | €-3k | €-2k | €-339 | €-72 | ▲ 78.7% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-3k | €-2k | €-339 | €-72 | ▲ 78.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22k | €20k | €19k | €19k | €21k | ▲ 9.5% |
| Fixed assets21/28 | €897 | €627 | €471 | €3k | €2k | ▼ 38.5% |
| Tangible fixed assets22/27 | €897 | €627 | €471 | €3k | €2k | ▼ 38.5% |
| Furniture and vehicles24 | - | - | - | €3k | €2k | ▼ 37.3% |
| Other tangible fixed assets26 | - | €627 | €471 | €314 | €157 | ▼ 50.0% |
| Current assets29/58 | €21k | €19k | €18k | €15k | €19k | ▲ 20.0% |
| Amounts receivable within one year40/41 | - | €3k | €3k | €3k | €4k | ▲ 16.8% |
| Trade receivables40 | - | €3k | €3k | €3k | €4k | ▲ 16.8% |
| Cash at bank and in hand54/58 | €20k | €15k | €14k | €12k | €14k | ▲ 20.9% |
| Deferred charges and accrued income490/1 | - | €936 | €975 | €360 | €435 | ▲ 20.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22k | €20k | €19k | €19k | €21k | ▲ 9.5% |
| Equity10/15 | €13k | €10k | €8k | €8k | €8k | ▼ 0.9% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €5k | €5k | €5k | €5k | €5k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €2k | €-1k | €-3k | €-3k | €-3k | ▼ 2.3% |
| Amounts payable17/49 | €9k | €10k | €10k | €11k | €13k | ▲ 17.0% |
| Amounts payable within one year42/48 | €9k | €10k | €10k | €11k | €13k | ▲ 17.0% |
| Trade debts44 | €484 | €498 | €542 | €157 | €196 | ▲ 24.5% |
| Suppliers440/4 | - | €498 | €542 | €157 | €196 | ▲ 24.5% |
| Taxes, remuneration and social security45 | - | €940 | €1k | €2k | €3k | ▲ 85.7% |
| Taxes450/3 | - | €940 | €1k | €2k | €3k | ▲ 85.7% |
| Other amounts payable47/48 | - | €8k | €9k | €9k | €9k | ▲ 3.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-3k | €-2k | €-339 | €-72 | ▲ 78.7% |
| + Depreciation and write-downs630 | €298 | €269 | €157 | €518 | €1k | ▲ 150% |
| Operating cash flow (approximation) | €-3k | €-3k | €-1k | €179 | €1k | ▲ 583% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-3k | €0 | ▲ 100% |
| Change in cash | - | €-5k | €-1k | €-2k | €2k | ▲ 221% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Harelbeke · 1 establishment unit since 1995
Ground area
199 m²
Building footprint
68 m²
Volume, LiDAR
441 m³
Parcel 34322C0453/00M002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nobelstraat 9, 8530 Harelbeke
since 19952.071.626.624
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322C0453/00M002 | Flanders | 199 m² | 1 · 68 m² | 8.5 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 1,639 companies in sector 46170 we hold annual accounts for 669. 315 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)
Founded05-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
Scores and ratios are computed by Checked and are not a credit decision.