DEVADDER
ActiveDEVADDER has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €240k and a net result of €54k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 72% of 7431 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
98
/ 100
Excellent▲ +4 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+53
Solvency99▼-1
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 4.13 in 2023), and 37.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
29 d late
2022
28 d late
2021
29 d late
2020
26 d late
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€240k▼ 21.5%
2023 · €305k
2019: €252k
2021: €262k
2022: €278k
2023: €305k
2019 → 2024
Total assets
€384k▲ 4.8%
2023 · €366k
2019: €359k
2021: €401k
2022: €422k
2023: €366k
2019 → 2024
Net result
€54k▲ 89.2%
2023 · €29k
2019: €78k
2021: €32k
2022: €17k
2023: €29k
2019 → 2024
Working capital
€143k▼ 23.0%
2023 · €186k
2019: €48k
2021: €122k
2022: €147k
2023: €186k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Equity€252k-€262k▲ 4.2%€278k▲ 6.0%€305k▲ 9.7%€240k▼ 21.5%
Operating result€115k-€51k▼ 56.1%€29k▼ 41.9%€42k▲ 43.9%€77k▲ 82.6%
Net result€78k-€32k▼ 59.2%€17k▼ 45.1%€29k▲ 64.6%€54k▲ 89.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 83% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €384k
Fixed assets
€99k▼ 18.4%
Current assets
€285k▲ 16.3%
Equity and liabilities €384k
Equity
€240k▼ 21.5%
Provisions
€2k▼ 9.1%
Debt
€143k▲ 140%
The debt ratio rises from 16.2% to 37.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€100k▲
2023 · €66k
Cash flow
€76k▲
2023 · €52k
Solvency
62.4%▼
2023 · 83.2%
Current ratio
2.01▼
2023 · 4.13
Quick ratio
1.99▼
2023 · 4.09
Debt / equity
0.60▲
2023 · 0.20
ROE
22.6%▲
2023 · 9.4%
ROA
14.1%▲
2023 · 7.8%
Interest coverage
84.63▲
2023 · 45.45
Debt
€143k▲
2023 · €60k
Debt ≤ 1 year
€142k▲
2023 · €59k
Income taxes
€22k▲
2023 · €13k
Staff costs
€124k▲
2023 · €115k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€366k€384k▲
Fixed assets21/28€122k€99k▼
Tangible fixed assets22/27€122k€99k▼
Land and buildings22€91k€82k▼
Plant, machinery and equipment23€16k€9k▼
Furniture and vehicles24€15k€8k▼
Financial fixed assets28€35€35=
Current assets29/58€245k€285k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€214k€248k▲
Trade receivables40€194k€245k▲
Other amounts receivable41€20k€3k▼
Cash at bank and in hand54/58€24k€31k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€366k€384k▲
Equity10/15€305k€240k▼
Contributions10/11€13k€13k=
Reserves13€277k€211k▼
Tax-exempt reserves132€8k€7k▼
Distributable reserves133€269k€204k▼
Profit (loss) carried forward14€15k€15k=
Provisions and deferred taxes16€2k€2k▼
Deferred taxes168€2k€2k▼
Amounts payable17/49€60k€143k▲
Amounts payable within one year42/48€59k€142k▲
Current portion of amounts payable after more than one year42€2k-
Financial debts43€9k€9k▼
Credit institutions430/8€9k€9k▼
Trade debts44€27k€46k▲
Suppliers440/4€27k€46k▲
Taxes, remuneration and social security45€12k€33k▲
Taxes450/3€7k€23k▲
Remuneration and social security454/9€5k€9k▲
Other amounts payable47/48€9k€54k▲
Accrued charges and deferred income492/3€233€800▲
Income statement
Code20232024
Remuneration, social security and pensions62€115k€124k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€22k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€8k€6k▼
Gross operating margin9900€189k€234k▲
Operating profit (loss)9901€42k€77k▲
Financial income75/76B€277€105▼
Recurring financial income75€277€105▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€41k€76k▲
Transfer from deferred taxes780€181€181=
Income taxes67/77€13k€22k▲
Profit (loss) for the period9904€29k€54k▲
Transfer from tax-exempt reserves789€723€723=
Profit (loss) for the period to be appropriated9905€29k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€70k▲
Profit (loss) brought forward from the previous period14P€17k€15k▼
Transfer from equity791/2-€120k
Transfer to equity691/2€29k€55k▲
To other reserves6921€29k€55k▲
Profit to be distributed694/7€2k€120k▲
Return on contributions (dividend)694€2k€120k▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.13
Current ratio from 2.05 to 4.13; short-term debt falls from €140k to €59k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €17k ▼45.1%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 33 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
7 acts for this company are 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, Wevelgem · 1 establishment unit since 1988
Ground area
6,197 m²
Building footprint
733 m²
Volume, LiDAR
5,182 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Devadder
since 19882.034.688.826
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0333/00L000 | Flanders | 3,149 m² | 1 · 42 m² | 3.3 m · 1 fl. |
| 33029B0609/00G000 | Flanders | 3,048 m² | 1 · 690 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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M VERHEYDEN
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MULTI STONE
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YOUNG BUILDING PROJECTS
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Of 15,447 companies in sector 43990 we hold annual accounts for 7,355. 5,599 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-1987
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.