DEVADECOR
ActiveSummary
DEVADECOR has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €577,142 and a net result of €21,093. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 59% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+26
Solvency78▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.62 in 2024; short-term debt: 18.1% and cash: 3.2% of total assets), and 47.4% of the assets are financed with debt.
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Signals
Five 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
52.6%
Return on assets
1.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 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
28 d late
2024
27 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21,093
2024 · -€7,665
Working capital
€116,722▼ 11.9%
2024 · €132,469
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€192,732▲ 154%€187,055▼ 2.9%€90,228▼ 51.8%€13,339▼ 85.2%€49,146▲ 268%
Net result€121,158above the sector's middle half▲ 290%€111,802within the sector's middle half▼ 7.7%€45,423within the sector's middle half▼ 59.4%-€7,665below the sector's middle half€21,093within the sector's middle half
Equity€406,489above the sector's middle half▲ 42.5%€518,291within the sector's middle half▲ 27.5%€563,714within the sector's middle half▲ 8.8%€556,048within the sector's middle half▼ 1.4%€577,142within the sector's middle half▲ 3.8%
Total assets€1.2mabove the sector's middle half▼ 8.7%€1.2mwithin the sector's middle half▲ 2.7%€1.2mwithin the sector's middle half▲ 1.0%€1.1mwithin the sector's middle half▼ 8.7%€1.1mwithin the sector's middle half▼ 3.8%
Debt€796,142▼ 22.9%€717,406▼ 9.9%€684,532▼ 4.6%€583,671▼ 14.7%€519,787▼ 10.9%
Working capital€62,334€149,343▲ 140%€167,148▲ 11.9%€132,469▼ 20.7%€116,722▼ 11.9%
Solvency33.8%within the sector's middle half▲ 12.1pp41.9%within the sector's middle half▲ 8.1pp45.2%within the sector's middle half▲ 3.2pp48.8%within the sector's middle half▲ 3.6pp52.6%within the sector's middle half▲ 3.8pp
Staff (FTE)2.2=1below the sector's middle half▼ 54.5%1below the sector's middle half1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 268% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€782,068 ▼ 1.3%
Current assets
€314,860 ▼ 9.4%
Equity and liabilities €1.1m
Equity
€577,142 ▲ 3.8%
Debt
€519,787 ▼ 10.9%
Debt's share of the balance-sheet total falls from 51.2% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78,139▲
2024 · €41,561
Cash flow
€50,085▲
2024 · €20,557
Current ratio
1.59▼
2024 · 1.62
Debt to equity
0.90▼
2024 · 1.05
ROE
3.7%▲
2024 · -1.4%
ROA
1.9%▲
2024 · -0.7%
Interest coverage
4.85▲
2024 · 2.12
Debt ≤ 1 year
€198,139▼
2024 · €214,946
Debt > 1 year
€311,648▼
2024 · €368,726
Income taxes
€11,956▲
2024 · €1,358
Staff costs
€89,567▲
2024 · €86,277
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% 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 16,986 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €808 | - | - | - |
| Remuneration, social security and pensions62 | €75,100 | €76,818 | €86,431 | €86,277 | €89,567 | ▲ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,282 | €33,861 | €34,411 | €28,222 | €28,992 | ▲ 2.7% |
| Other operating charges640/8 | €5,004 | €4,098 | €4,027 | €5,473 | €5,909 | ▲ 8.0% |
| Non-recurring operating charges66A | - | - | €10,000 | - | - | - |
| Gross operating margin9900 | €312,118 | €301,833 | €225,098 | €133,310 | €173,614 | ▲ 30.2% |
| Operating profit (loss)9901 | €192,732 | €187,055 | €90,228 | €13,339 | €49,146 | ▲ 268% |
| Financial income75/76B | - | - | - | €0 | €4 | ▲ 1,675% |
| Recurring financial income75 | - | - | - | €0 | €4 | ▲ 1,675% |
| Financial charges65/66B | €21,530 | €20,350 | €17,967 | €19,647 | €16,101 | ▼ 18.0% |
| Recurring financial charges65 | €21,530 | €20,350 | €17,967 | €19,647 | €16,101 | ▼ 18.0% |
| Profit (loss) for the period before taxes9903 | €171,202 | €166,706 | €72,262 | -€6,308 | €33,049 | ▲ 624% |
| Income taxes67/77 | €50,044 | €54,904 | €26,839 | €1,358 | €11,956 | ▲ 781% |
| Profit (loss) for the period9904 | €121,158 | €111,802 | €45,423 | -€7,665 | €21,093 | ▲ 375% |
| Profit (loss) for the period to be appropriated9905 | €121,158 | €111,802 | €45,423 | -€7,665 | €21,093 | ▲ 375% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 3.8% |
| Fixed assets21/28 | €877,191 | €848,807 | €818,352 | €792,305 | €782,068 | ▼ 1.3% |
| Tangible fixed assets22/27 | €876,258 | €847,874 | €817,419 | €791,372 | €781,135 | ▼ 1.3% |
| Land and buildings22 | €860,328 | €839,377 | €813,023 | €786,942 | €767,400 | ▼ 2.5% |
| Plant, machinery and equipment23 | €3,569 | €1,753 | - | €0 | €9,881 | - |
| Furniture and vehicles24 | €4,117 | €2,540 | €4,234 | €4,429 | €3,855 | ▼ 13.0% |
| Leasing and similar rights25 | €8,244 | €4,203 | €161 | - | - | - |
| Financial fixed assets28 | €933 | €933 | €933 | €933 | €933 | = |
| Current assets29/58 | €325,440 | €386,890 | €429,894 | €347,415 | €314,860 | ▼ 9.4% |
| Amounts receivable within one year40/41 | €284,857 | €319,398 | €309,829 | €321,142 | €277,949 | ▼ 13.4% |
| Trade receivables40 | €243,996 | €255,820 | €218,869 | €201,836 | €200,059 | ▼ 0.9% |
| Other amounts receivable41 | €40,861 | €63,579 | €90,961 | €119,306 | €77,890 | ▼ 34.7% |
| Cash at bank and in hand54/58 | €36,964 | €66,200 | €119,064 | €24,833 | €35,138 | ▲ 41.5% |
| Deferred charges and accrued income490/1 | €3,619 | €1,292 | €1,000 | €1,439 | €1,773 | ▲ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 3.8% |
| Equity10/15 | €406,489 | €518,291 | €563,714 | €556,048 | €577,142 | ▲ 3.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Other1109/19 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €101,860 | €213,662 | €259,084 | €259,084 | €259,084 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €100,000 | €211,802 | €257,224 | €257,224 | €257,224 | = |
| Profit (loss) carried forward14 | €286,029 | €286,029 | €286,029 | €278,364 | €299,457 | ▲ 7.6% |
| Amounts payable17/49 | €796,142 | €717,406 | €684,532 | €583,671 | €519,787 | ▼ 10.9% |
| Amounts payable after more than one year17 | €533,036 | €479,859 | €421,786 | €368,726 | €311,648 | ▼ 15.5% |
| Financial debts170/4 | €533,036 | €479,859 | €421,786 | €368,726 | €311,648 | ▼ 15.5% |
| Amounts payable within one year42/48 | €263,106 | €237,547 | €262,746 | €214,946 | €198,139 | ▼ 7.8% |
| Current portion of amounts payable after more than one year42 | €55,775 | €53,177 | €79,704 | €80,484 | €66,720 | ▼ 17.1% |
| Financial debts43 | €75,000 | - | €50,000 | €50,000 | €50,000 | = |
| Credit institutions430/8 | €50,000 | - | €50,000 | €50,000 | €50,000 | = |
| Other loans439 | €25,000 | - | - | - | - | - |
| Trade debts44 | €82,736 | €79,600 | €70,558 | €73,856 | €54,297 | ▼ 26.5% |
| Suppliers440/4 | €82,736 | €79,600 | €70,558 | €73,856 | €54,297 | ▼ 26.5% |
| Taxes, remuneration and social security45 | €49,115 | €104,373 | €62,165 | €10,534 | €27,071 | ▲ 157% |
| Taxes450/3 | €40,150 | €95,054 | €51,771 | €28 | €14,208 | ▲ 50,105% |
| Remuneration and social security454/9 | €8,965 | €9,320 | €10,394 | €10,505 | €12,863 | ▲ 22.4% |
| Other amounts payable47/48 | €480 | €396 | €319 | €72 | €50 | ▼ 30.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €10,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €121,158 | €111,802 | €45,423 | -€7,665 | €21,093 | ▲ 375% |
| + Depreciation and write-downs630 | €39,282 | €33,861 | €34,411 | €28,222 | €28,992 | ▲ 2.7% |
| Operating cash flow (approximation) | €160,439 | €145,663 | €79,834 | €20,557 | €50,085 | ▲ 144% |
| Investment in fixed assets (approximation) | - | -€5,477 | -€3,956 | -€2,175 | -€18,756 | ▼ 762% |
| Change in cash | - | €29,236 | €52,865 | -€94,231 | €10,304 | ▲ 111% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Back to profitnet €21,093
Net result €21,093 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet -€7,665
Net result drops to -€7,665, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Equity above €500,000Eq €518,291 ▲27.5%
5 profitable years in a row build equity to €518,291.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €121,158 ▲290%
Operating result €192,732, net result €121,158, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Les Bons Villers · 1 establishment unit since 2005
Ground area
4,473 m²
Building footprint
601 m²
Volume, LiDAR
8,810 m³
2 parcels, Wallonia · tallest building 22.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
DEVADECOR
since 20052.145.897.049
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0404/00C003 | Wallonia | 3,132 m² | 1 · 432 m² | 22.9 m · 7 fl. |
| 52059A0745/00C000 | Wallonia | 1,341 m² | 1 · 169 m² | - |
Linked by address, not proof of ownership
Good to know
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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Of 1,743 companies in sector 46150 we hold annual accounts for 758. 435 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-03-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
46494Wholesale of non-electrical household articles
46190Agents in non-specialised wholesale trade
49420Removal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0872261513
Also
9925:BE0872261513
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.