DEVAC
ActiveDEVAC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €106k and a net result of €-13k. Equity is growing by ~37.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 7962 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-03-2026, 33 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
33 d early
2024
43 d late
2023
80 d late
2022
11 d early
2021
26 d early
2020
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€106k▼ 12.1%
2024 · €121k
2020: €25k
2021: €40k
2022: €80k
2023: €88k
2024: €121k
2020 → 2025
Net result
€-13k
2024 · €35k
2020: €20k
2021: €29k
2022: €28k
2023: €8k
2024: €35k
2020 → 2025
Total assets
€149k▼ 16.3%
2024 · €178k
2020: €102k
2021: €117k
2022: €129k
2023: €167k
2024: €178k
2020 → 2025
Solvency
71.2%▲ 3.4pp
2024 · 67.7%
2020: 24.1%
2021: 33.9%
2022: 62.2%
2023: 52.5%
2024: 67.7%
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€80k▲ 102%€88k▲ 9.4%€121k▲ 37.7%€106k▼ 12.1%
Operating result€34k-€39k▲ 15.0%€15k▼ 62.1%€50k▲ 238%€-15k
Net result€29k-€28k▼ 1.7%€8k▼ 73.2%€35k▲ 361%€-13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15k after €50k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149k
Fixed assets
€25k▼ 1.4%
Current assets
€124k▼ 18.8%
Equity and liabilities €149k
Equity
€106k▼ 12.1%
Debt
€43k▼ 25.3%
The debt ratio falls from 32.3% to 28.8%: debt falls faster than equity shrinks.
Key figures and ratios
Solvency
71.2%▲
2024 · 67.7%
ROE
-12.1%▼
2024 · 28.8%
ROA
-8.6%▼
2024 · 19.5%
Debt
€43k▼
2024 · €58k
Debt ≤ 1 year
€43k▼
2024 · €58k
Income taxes
€13▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€178k€149k▼
Formation expenses20€0€0=
Fixed assets21/28€26k€25k▼
Tangible fixed assets22/27€26k€25k▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€14k€15k▲
Current assets29/58€153k€124k▼
Stocks and contracts in progress3€39k€12k▼
Stocks30/36€39k€12k▼
Amounts receivable within one year40/41€111k€105k▼
Trade receivables40€29k€8k▼
Other amounts receivable41€82k€98k▲
Cash at bank and in hand54/58€902€6k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€178k€149k▼
Equity10/15€121k€106k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€100k€86k▼
Amounts payable17/49€58k€43k▼
Amounts payable within one year42/48€58k€43k▼
Financial debts43€20k€20k▲
Credit institutions430/8€20k€20k▲
Trade debts44€13k€7k▼
Suppliers440/4€13k€7k▼
Taxes, remuneration and social security45€23k€14k▼
Taxes450/3€23k€14k▼
Other amounts payable47/48€2k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€55k€-11k▼
Operating profit (loss)9901€50k€-15k▼
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€51k€-13k▼
Income taxes67/77€16k€13▼
Profit (loss) for the period9904€35k€-13k▼
Profit (loss) for the period to be appropriated9905€35k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€102k€88k▼
Profit (loss) brought forward from the previous period14P€67k€100k▲
Profit to be distributed694/7€2k€2k▼
Return on contributions (dividend)694€2k€2k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-13k ▼137%
Net result drops to €-13k, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
30-09
Financial
Highest result since 2020net €35k ▲361%
Operating result €50k, net result €35k, both a record.
30-09
Financial
Equity above €100kEq €121k ▲37.7%
5 profitable years in a row build equity to €121k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 80 days late
2023
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity doublescurrent ratio 2.30
Current ratio from 1.12 to 2.30; short-term debt falls from €52k to €37k.
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
DE DEURWAERDER Christian
CurrentStatutair bestuurder · since 24-11-2023
24-11-2023
Resigned as Statutair zaakvoerder
24-11-2023
Appointed as Statutair bestuurder
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kasteelstraat 1378700 TieltGround area
2,405 m²
Building footprint
452 m²
Volume, LiDAR
3,030 m³
Parcel 37303I0332/00K004, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVAC
since 20182.281.273.417
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303I0332/00K004 | Flanders | 2,404 m² | 1 · 452 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,420 EUR awarded · 2,420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,420 EUR | 2,420 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 12,425 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2018
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.