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Devacon

Active
Private limited companyfounded 2018active for 8 yearsLindenbergstraat(App) 4, 9400 Ninove, BelgiumKBO/BCE: BE 0700.811.934
Summary

The computed 12-month bankruptcy probability of Devacon is 4.6% (elevated). The 2024 annual accounts show equity of €45,457 and a net result of €36,317. Equity is shrinking by about 4.7% per year across the filed financial years. Its solvency ranks better than 23% of 5,855 sector peers (NACE 81, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Landscape service activities
NACE 81300
1 site
Size
€280,701total assets 2024
Equity
€45,457
Profit
€36,317
Turnover not published (micro format)
Financial health
40 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
4.6%
Structure
Accounts 73 days overdue0 of 2 deeds read
Why 40raises riskFigures for financial year 2024 (filed 29-07-2025)1 financial year not filed after the legal deadline; 1 of the last 3 lateSector: Services to buildings and landscape activities (NACE 81)lowers riskSize: total assets €280,701Show the evidence

Checked score

Score 2024
40 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 58% of its sector peers (NACE 81, micro)
Financial strength · tick = 2023
Average
Solvency 41+13
equity 16.2% of total assets
Liquidity 48+7
short-term debt 13.7% · cash 0.4%
Profitability 85+46
return on assets 12.9%
Bankruptcy probability, 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (7,673 companies, NACE 81, micro)
Last 24 months 11-2024: 3.1% 12-2024: 3.1%● unchanged vs 11-2024 01-2025: 3.1%● unchanged vs 12-2024 02-2025: 3.1%● unchanged vs 01-2025 03-2025: 3.1%● unchanged vs 02-2025 04-2025: 3.1%● unchanged vs 03-2025 05-2025: 3.1%● unchanged vs 04-2025 06-2025: 3.0%▼ -0.1 percentage points vs 05-2025 07-2025: 3.0%● unchanged vs 06-2025 08-2025: 2.6%▼ -0.4 percentage points vs 07-2025 09-2025: 2.6%● unchanged vs 08-2025 10-2025: 2.6%● unchanged vs 09-2025 11-2025: 2.6%● unchanged vs 10-2025 12-2025: 2.6%● unchanged vs 11-2025 01-2026: 2.5%▼ -0.1 percentage points vs 12-2025 02-2026: 2.5%● unchanged vs 01-2026 03-2026: 2.5%● unchanged vs 02-2026 04-2026: 2.3%▼ -0.2 percentage points vs 03-2026 05-2026: 2.2%▼ -0.1 percentage points vs 04-2026 06-2026: 2.2%● unchanged vs 05-2026lowest value 07-2026: 2.2%● unchanged vs 06-2026 08-2026: 2.9%▲ +0.7 percentage points vs 07-2026 09-2026: 3.0%▲ +0.1 percentage points vs 08-2026 10-2026: 4.6%▲ +1.6 percentage points vs 09-2026highest value
Credit of up to €1,500 on 30-day terms, only on tighter conditions
Liquidity tight (current ratio 1.25, compared with 0.66 in 2023; short-term debt: 13.7% and cash: 0.4% of total assets), and 83.8% of the assets are financed with debt and provisions.
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 (NACE 81, micro): better than 23% on solvency, 44% on liquidity, 68% on profitability and 98% on growth.

The bankruptcy probability was computed on 11-10-2026 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

Eight signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 29-07-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; 1 of the last 3 late
NBB · filings
lowers risk · Size: total assets €280,701
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Services to buildings and landscape activities (NACE 81)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 5855 sector peers (2024).
NBB · sector comparison
Position among 5855 sector peers
Solvency
better than 23%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
192021222324
2019 to 2024 · latest year €45,457
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 73 days later.
NBB · 6 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline12-10-2026 today
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 29-07-2025, 2 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not filed
2024
2 days early
2023
22 days late
2022
58 days late
2021
2 days early
2020
25 days early
2019
41 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 15 days after the deadline; the sector median (NACE 81) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Back to profitnet €36,317
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Positive: Back in profit in 2024after -€28,797 in 2023 €36,317 View
  • Caution: Accounts not fileddeadline was 31-07-2026 73 days late View
  • Positive: Among the best 19% on net resultsector median €8,860 · 5,840 companies €36,317 View

By topic

Financials

Financial year
2024
Total assets
€280,701
Profit
€36,317
Solvency
16.2%
Total assets▼ 8.2%
Net result
20192024
Go to Financials

Timeline

Events
8
Since
2020
  1. 31-12-2023Weakest financial year
  2. 27-09-2023Annual accounts filed
  3. 29-07-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Landscape service activitiesNACE 81300
Founded
10-08-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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