Equity
Devabouw has made a profit in every financial year since 2018.
Devabouw has made a profit in every financial year since 2018.
Green is investment, beige is depreciation.
The 2019 accounts came latest: 68 days after the end of the period.
In July 2024, 5,053 companies had the same profile as Devabouw has now. Each dot stands for 13 companies, two years later.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 5,053 companies, not a prediction for Devabouw. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Devabouw Tielt | €1.0m | €270,661 | 30.8% | 2 |
| Geysels Beerse | €0.9m | €334,880 | 46.4% | 1.8 |
| Entreprise M.K.G. Hotton | €1.0m | €280,620 | 48.8% | 2.6 |
| Jodoigne Béton Jodoigne | €1.0m | €257,988 | 27.3% | 2.8 |
| BOUWWERKEN LINSKENS Ichtegem | €0.6m | €252,357 | 70.2% | 2.1 |
| DBV Projects Wervik | €1.5m | €347,195 | 32.1% | 1.8 |
| be + construct Herve | €0.8m | €258,276 | 2.3% | 2.6 |
These companies have the same main activity as Devabouw: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €601,000 and €1.5m, founded between 2016 and 2018.
Devabouw files the abbreviated format. That format states no turnover. The gross margin rose from €35,267 in 2018 to €270,661 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €620,000. Estimated: probably between €500,000 and €990,000.
Higher than 43% of 2,653 companies in 2025.
Higher than 24% of 2,605 companies in 2025.
Higher than 47% of 2,632 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
976,966 | 945,513 | 820,725 | 838,199 | 515,213 | 470,418 | 173,862 | 51,391 | |
21/28 |
781,092 | 721,286 | 622,318 | 654,938 | 328,822 | 356,264 | 81,481 | 6,666 | |
22/27 |
780,957 | 721,151 | 622,318 | 654,938 | 328,822 | 356,264 | 81,481 | 6,666 | |
22 |
534,998 | 541,466 | 547,934 | 554,402 | 206,110 | 212,578 | - | - | |
23 |
23,210 | 31,212 | 32,106 | 39,982 | 48,032 | 41,604 | 6,114 | 781 | |
24 |
222,749 | 142,386 | 21,473 | 16,822 | 8,022 | 12,497 | 7,487 | 5,886 | |
25 |
- | 6,087 | 20,806 | 43,732 | 66,658 | - | - | - | |
28 |
135 | 135 | - | - | - | - | - | - | |
29/58 |
195,874 | 224,227 | 198,406 | 183,261 | 186,391 | 114,154 | 92,381 | 44,725 | |
3 |
68,275 | 149,291 | 98,668 | 55,074 | 10,643 | 16,595 | 3,036 | 1,614 | |
30/36 |
53,890 | 41,603 | 98,668 | 55,074 | 10,643 | 16,595 | 3,036 | 1,614 | |
37 |
14,386 | 107,688 | - | - | - | - | - | - | |
40/41 |
88,366 | 31,799 | 40,254 | 90,443 | 98,420 | 65,515 | 45,180 | 14,204 | |
40 |
84,844 | 6,094 | 17,151 | 52,091 | 59,606 | 47,242 | 23,225 | 1,335 | |
41 |
3,522 | 25,704 | 23,103 | 38,351 | 38,813 | 18,273 | 21,956 | 12,869 | |
54/58 |
24,808 | 36,943 | 48,165 | 33,894 | 73,443 | 26,430 | 40,631 | 24,219 | |
490/1 |
14,424 | 6,194 | 11,319 | 3,851 | 3,885 | 5,614 | 3,533 | 4,688 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
976,966 | 945,513 | 820,725 | 838,199 | 515,213 | 470,418 | 173,862 | 51,391 | |
10/15 |
300,460 | 274,848 | 242,932 | 169,108 | 138,061 | 97,439 | 51,950 | 23,474 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
13 |
281,860 | 256,248 | 224,332 | 150,508 | 119,461 | 78,839 | 33,350 | 4,874 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | |
133 |
281,860 | 256,248 | 224,332 | 148,648 | 117,601 | 76,979 | 31,490 | 3,014 | |
17/49 |
676,506 | 670,665 | 577,792 | 669,091 | 377,152 | 372,979 | 121,912 | 27,916 | |
17 |
483,273 | 458,251 | 398,992 | 521,896 | 219,398 | 251,322 | 50,398 | - | |
170/4 |
483,273 | 458,251 | 398,992 | 521,896 | 219,398 | 251,322 | 50,398 | - | |
42/48 |
189,938 | 212,369 | 178,753 | 147,180 | 157,753 | 121,657 | 71,514 | 27,916 | |
42 |
75,271 | 58,894 | 47,904 | 47,552 | 31,924 | 31,474 | 16,729 | - | |
43 |
35,000 | 75,000 | 75,000 | - | - | - | - | - | |
430/8 |
35,000 | 75,000 | 75,000 | - | - | - | - | - | |
44 |
61,940 | 46,035 | 50,288 | 84,349 | 90,915 | 67,057 | 26,678 | 17,602 | |
440/4 |
61,940 | 46,035 | 50,288 | 84,349 | 90,915 | 67,057 | 26,678 | 17,602 | |
46 |
- | - | - | - | - | 3,881 | - | - | |
45 |
4,751 | 18,089 | 3,774 | 3,755 | 10,545 | 12,536 | 14,888 | 10,314 | |
450/3 |
1,372 | 14,457 | - | - | 6,682 | 10,019 | 13,652 | 10,314 | |
454/9 |
3,379 | 3,632 | 3,774 | 3,755 | 3,863 | 2,517 | 1,236 | - | |
47/48 |
12,975 | 14,351 | 1,788 | 11,524 | 24,369 | 6,709 | 13,219 | - | |
492/3 |
3,295 | 45 | 47 | 15 | - | - | - | - | |
| Income statement | |||||||||
9900 |
270,661 | 253,402 | 285,988 | 262,118 | 225,034 | 169,034 | 72,407 | 35,267 | |
62 |
130,161 | 127,627 | 116,818 | 126,350 | 124,069 | 65,504 | 28,580 | - | |
630 |
69,364 | 57,497 | 49,065 | 84,190 | 43,683 | 34,991 | 12,441 | 3,333 | |
631/4 |
1,281 | 918 | - | - | - | 354 | - | - | |
640/8 |
13,588 | 2,687 | 3,151 | 4,126 | 1,621 | 14,214 | 501 | 389 | |
66A |
- | - | - | - | 1,000 | - | - | - | |
9901 |
56,267 | 64,673 | 116,953 | 47,452 | 54,661 | 53,971 | 30,884 | 31,545 | |
75/76B |
1,169 | 1,056 | 1,219 | 924 | 813 | 1,316 | 1,010 | 37 | |
75 |
1,169 | 1,056 | 1,219 | 924 | 813 | 1,316 | 1,010 | 37 | |
65/66B |
20,183 | 19,866 | 20,223 | 9,025 | 4,573 | 3,116 | 81 | 417 | |
65 |
20,183 | 19,866 | 20,223 | 9,025 | 4,573 | 3,116 | 81 | 417 | |
9903 |
37,252 | 45,863 | 97,949 | 39,351 | 50,901 | 52,170 | 31,813 | 31,164 | |
67/77 |
11,641 | 13,947 | 24,124 | 8,304 | 10,279 | 6,682 | 3,337 | 10,314 | |
9904 |
25,612 | 31,916 | 73,824 | 31,047 | 40,622 | 45,488 | 28,476 | 20,850 | |
9905 |
25,612 | 31,916 | 73,824 | 31,047 | 40,622 | 45,488 | 28,476 | 20,850 | |
| Appropriation of the result | |||||||||
9906 |
25,612 | 31,916 | 73,824 | 31,047 | 40,622 | 45,488 | 28,476 | 20,850 | |
691/2 |
25,612 | 31,916 | 73,824 | 31,047 | 40,622 | 45,488 | 28,476 | 20,850 | |
691 |
- | - | - | - | - | - | - | 15,975 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
25,612 | 31,916 | 73,824 | 31,047 | 40,622 | 45,488 | 28,476 | 3,014 | |
| Social balance sheet | |||||||||
9087 |
2 | 2.3 | 2.2 | 2.3 | 2.6 | 1.4 | 0.6 | - | |
Hours worked1013 |
3,618 | 3,792 | 3,517 | 4,018 | 4,198 | 2,347 | 975 | - | |
| Document | |||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-08-2026.
2025 annual accounts filed 14 days after the deadline. Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00397936.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-08-2026 | 2026-00397936 | |
| 31-12-2024 | abbreviated format | 22-09-2025 | 2025-00498808 | |
| 31-12-2023 | abbreviated format | 20-09-2024 | 2024-00467635 | |
| 31-12-2022 | abbreviated format | 16-08-2023 | 2023-00330652 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20335990 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55500044 | |
| 31-12-2019 | micro format | 07-10-2020 | 2020-59600139 | |
| 31-12-2018 | micro format | 22-08-2019 | 2019-49000034 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €246 | €276 |
| 2024 | 1 | €595 | €977 |
| 2023 | 1 | €510 | €636 |
| 2022 | 1 | €188 | €0 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 125,631 | 122,170 | 166,018 | 131,642 | 98,344 | 88,962 | 43,326 | 34,878 | ||
| 94,976 | 89,412 | 122,890 | 115,238 | 84,306 | 80,479 | 40,917 | 24,183 | ||
| 129,169 | 156,464 | 16,446 | 410,306 | 17,441 | 309,774 | 87,256 | 9,999 | ||
| -12,135 | -11,222 | 14,271 | -39,549 | 47,013 | -14,201 | 16,412 | - | ||
| 5,937 | 11,858 | 19,653 | 36,081 | 28,638 | -7,503 | 20,868 | 16,808 | ||
| 30.8% | 29.1% | 29.6% | 20.2% | 26.8% | 20.7% | 29.9% | 45.7% | ||
| 1.03 | 1.06 | 1.11 | 1.25 | 1.18 | 0.94 | 1.29 | 1.60 | ||
| 0.67 | 0.35 | 0.56 | 0.87 | 1.11 | 0.80 | 1.25 | 1.54 | ||
| 2.25 | 2.44 | 2.38 | 3.96 | 2.73 | 3.83 | 2.35 | 1.19 | ||
| 8.5% | 11.6% | 30.4% | 18.4% | 29.4% | 46.7% | 54.8% | 88.8% | ||
| 2.6% | 3.4% | 9.0% | 3.7% | 7.9% | 9.7% | 16.4% | 40.6% | ||
| 6.22 | 6.15 | 8.21 | 14.59 | 21.51 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 3 | 4 |
| full-time | 2 | 2 | 2 | 3 | 4 |
| in full-time equivalents | 2 | 2 | 2 | 3 | 4 |
| 2 | 2.3 | 2.2 | 2.3 | 2.6 | |
| On a permanent contract | 2 | 2 | 2 | 2 | 4 |
| Joined | - | 1 | 0 | 1 | 3 |
| Left | - | 1 | 1 | 2 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €129,169 | €156,329 | €16,446 | €410,306 | €17,441 |
| Financial fixed assets | - | €135 | - | - | - |
| €69,364 | €57,497 | €49,065 | €84,190 | €43,683 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 13% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 70.9% to 69.2%. Equity and debt are higher.
Devabouw has no parent and no holdings in its annual accounts. Devabouw shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 9 May 2017, Devabouw was incorporated by two natural persons, with a starting capital of €2,000.12 A capital increase in 2018 brought the capital to €18,600.3 In 2022 the registered office moved to Meulebeke.4 Today the board has 2 members.5 Total assets went from €51,391 in 2018 to €976,966 in 2025 and headcount from 0.6 full-time equivalents in 2019 to 2 in 2025.6
| Establishment | Since | Unit number |
|---|---|---|
| Oude Diksmuidse Boterweg 35 registered office 8760 Tielt | 09-05-2017 | 2.264.788.167 |
| 16-04-2025 | Granted | Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 19-11-2024 · project 2024153000 | Tielt |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 37322D1619/00C000 | 629 m² | 1 · 137 m² | 8.9 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0675.920.348
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