DEVACOM
ActiveSummary
DEVACOM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142,384 and a net result of €12,787. Equity is shrinking by ~4.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency53▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.37 in 2024; short-term debt: 0.8% and cash: 0.1% of total assets), and 71.8% of the assets are financed with debt.
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Signals
Six 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.2%
Return on assets
2.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €142,384
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
73 d early
2023
36 d early
2022
48 d early
2021
2 d early
2020
4 d early
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€142,384▲ 9.9%
2024 · €129,597
Total assets
€504,103▼ 4.9%
2024 · €529,844
Net result
€12,787▲ 39.9%
2024 · €9,140
Working capital
-€3,273▲ 78.7%
2024 · -€15,403
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,980▲ 62.1%€5,574€10,740▲ 92.7%€7,363▼ 31.4%€10,826▲ 47.0%
Net result-€19,558▲ 62.8%€7,045€12,363▲ 75.5%€9,140▼ 26.1%€12,787▲ 39.9%
Equity€101,049▼ 16.2%€108,094▲ 7.0%€120,457▲ 11.4%€129,597▲ 7.6%€142,384▲ 9.9%
Total assets€592,224▲ 9.5%€578,745▼ 2.3%€547,680▼ 5.4%€529,844▼ 3.3%€504,103▼ 4.9%
Debt€425,833▲ 20.8%€407,487▼ 4.3%€366,237▼ 10.1%€341,439▼ 6.8%€305,089▼ 10.6%
Working capital-€8,369▲ 94.7%-€4,080▲ 51.3%-€22,506▼ 452%-€15,403▲ 31.6%-€3,273▲ 78.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 47% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €504,103
Fixed assets
€503,348 ▼ 3.4%
Current assets
€756 ▼ 91.5%
Equity and liabilities €504,103
Equity
€142,384 ▲ 9.9%
Provisions
€56,630 ▼ 3.7%
Debt
€305,089 ▼ 10.6%
Debt's share of the balance-sheet total falls from 64.4% to 60.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,388▲
2024 · €24,924
Cash flow
€30,348▲
2024 · €26,702
Current ratio
0.19▼
2024 · 0.37
Debt to equity
2.14▼
2024 · 2.63
ROE
9.0%▲
2024 · 7.1%
ROA
2.5%▲
2024 · 1.7%
Interest coverage
130.44▲
2024 · 62.22
Debt ≤ 1 year
€4,029▼
2024 · €24,337
Debt > 1 year
€300,000▼
2024 · €315,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,653 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,964 | €17,562 | €17,562 | €17,562 | €17,562 | = |
| Other operating charges640/8 | €1,574 | €1,903 | €2,087 | €2,163 | €2,229 | ▲ 3.1% |
| Gross operating margin9900 | €14,558 | €25,038 | €30,388 | €27,087 | €30,617 | ▲ 13.0% |
| Operating profit (loss)9901 | -€20,980 | €5,574 | €10,740 | €7,363 | €10,826 | ▲ 47.0% |
| Financial income75/76B | €248 | €5 | - | - | - | - |
| Recurring financial income75 | €248 | €5 | - | - | - | - |
| Financial charges65/66B | €1,004 | €712 | €554 | €401 | €218 | ▼ 45.7% |
| Recurring financial charges65 | €1,004 | €712 | €554 | €401 | €218 | ▼ 45.7% |
| Profit (loss) for the period before taxes9903 | -€21,736 | €4,867 | €10,185 | €6,962 | €10,609 | ▲ 52.4% |
| Transfer from deferred taxes780 | €2,178 | €2,178 | €2,178 | €2,178 | €2,178 | = |
| Profit (loss) for the period9904 | -€19,558 | €7,045 | €12,363 | €9,140 | €12,787 | ▲ 39.9% |
| Transfer from tax-exempt reserves789 | €5,185 | €5,185 | €5,185 | €5,185 | €5,185 | = |
| Profit (loss) for the period to be appropriated9905 | -€14,373 | €12,230 | €17,548 | €14,325 | €17,972 | ▲ 25.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €592,224 | €578,745 | €547,680 | €529,844 | €504,103 | ▼ 4.9% |
| Fixed assets21/28 | €573,594 | €556,032 | €538,471 | €520,909 | €503,348 | ▼ 3.4% |
| Tangible fixed assets22/27 | €573,594 | €556,032 | €538,471 | €520,909 | €503,348 | ▼ 3.4% |
| Land and buildings22 | €573,594 | €556,032 | €538,471 | €520,909 | €503,348 | ▼ 3.4% |
| Current assets29/58 | €18,630 | €22,713 | €9,210 | €8,935 | €756 | ▼ 91.5% |
| Cash at bank and in hand54/58 | €18,630 | €22,713 | €9,210 | €8,935 | €756 | ▼ 91.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €592,224 | €578,745 | €547,680 | €529,844 | €504,103 | ▼ 4.9% |
| Equity10/15 | €101,049 | €108,094 | €120,457 | €129,597 | €142,384 | ▲ 9.9% |
| Contributions10/11 | €41,883 | €41,883 | €41,883 | €41,883 | €41,883 | = |
| Capital10 | €41,883 | €41,883 | €41,883 | €41,883 | €41,883 | = |
| Issued capital100 | €41,883 | €41,883 | €41,883 | €41,883 | €41,883 | = |
| Reserves13 | €155,557 | €150,372 | €145,186 | €140,001 | €134,816 | ▼ 3.7% |
| Tax-exempt reserves132 | €155,557 | €150,372 | €145,186 | €140,001 | €134,816 | ▼ 3.7% |
| Profit (loss) carried forward14 | -€96,391 | -€84,161 | -€66,612 | -€52,287 | -€34,315 | ▲ 34.4% |
| Provisions and deferred taxes16 | €65,342 | €63,164 | €60,986 | €58,808 | €56,630 | ▼ 3.7% |
| Deferred taxes168 | €65,342 | €63,164 | €60,986 | €58,808 | €56,630 | ▼ 3.7% |
| Amounts payable17/49 | €425,833 | €407,487 | €366,237 | €341,439 | €305,089 | ▼ 10.6% |
| Amounts payable after more than one year17 | €398,834 | €378,741 | €333,487 | €315,000 | €300,000 | ▼ 4.8% |
| Financial debts170/4 | €48,834 | €28,741 | €8,487 | - | - | - |
| Other amounts payable178/9 | €350,000 | €350,000 | €325,000 | €315,000 | €300,000 | ▼ 4.8% |
| Amounts payable within one year42/48 | €26,999 | €26,793 | €31,716 | €24,337 | €4,029 | ▼ 83.4% |
| Current portion of amounts payable after more than one year42 | €19,933 | €20,093 | €20,254 | €8,487 | - | - |
| Trade debts44 | €583 | €351 | €553 | - | - | - |
| Suppliers440/4 | €583 | €351 | €553 | - | - | - |
| Taxes, remuneration and social security45 | €1,657 | - | - | - | - | - |
| Taxes450/3 | €1,657 | - | - | - | - | - |
| Other amounts payable47/48 | €4,827 | €6,349 | €10,909 | €15,850 | €4,029 | ▼ 74.6% |
| Accrued charges and deferred income492/3 | - | €1,954 | €1,034 | €2,101 | €1,060 | ▼ 49.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,558 | €7,045 | €12,363 | €9,140 | €12,787 | ▲ 39.9% |
| + Depreciation and write-downs630 | €33,964 | €17,562 | €17,562 | €17,562 | €17,562 | = |
| Operating cash flow (approximation) | €14,406 | €24,606 | €29,925 | €26,702 | €30,348 | ▲ 13.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €4,083 | -€13,503 | -€275 | -€8,179 | ▼ 2,873% |
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
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
Reappointments: Dekeukeleire Jean Pierre, Dekeukeleire Hanne and Dekeukeleire Stijn5 facts ▸
State Gazette act
Reappointments: Dekeukeleire Jean Pierre, Dekeukeleire Hanne and Dekeukeleire Stijn
5 facts ▸
- General meeting, 30-05-2025
- Director reappointment, Dekeukeleire Jean Pierre (director)
- Director reappointment, Dekeukeleire Hanne (director)
- Director reappointment, Dekeukeleire Stijn (director)
- Director reappointment, Dekeukeleire Jean Pierre (managing director)
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €7,045
Net result €7,045 after 3 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Weakest financial yearnet -€73,066
Net result drops to -€73,066, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification
This board is reconstructed from a single act (26114600). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
Dekeukeleire Hanne
CurrentDirector
Dekeukeleire Jean Pierre
CurrentDirector
Dekeukeleire Stijn
CurrentDirector
Day-to-day management 1
Dekeukeleire Jean Pierre
CurrentManaging director
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Zulte · 1 establishment unit since 1990
Ground area
1,356 m²
Building footprint
225 m²
Volume, LiDAR
1,374 m³
Parcel 44050B1140/00B000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVACOM NV
since 19902.047.095.720
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44050B1140/00B000 | Flanders | 1,356 m² | 1 · 225 m² | 9.6 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.
Mandate history
3 people since 2026, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Dekeukeleire Hanne |
|
| Dekeukeleire Jean Pierre |
|
| Dekeukeleire Stijn |
|
Structure & network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded30-11-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.