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Devadesc

Active Risk: not assessed
Private limited companyfounded 2022active for 4 yearsKleine Heide 9, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0790.589.491
Summary

Devadesc 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 €82,000 and a net result of €93,572. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 9,725 sector peers (NACE 64, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activities of holding companies
NACE 64210
1 site
Size
€149,929total assets 2025
Equity
€82,000
Profit
€93,572
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts 128 days early1 deed in the Belgian Official Gazette
SignalsneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

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Signals

1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-03-2026, 128 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
128 days early
2024
84 days early
2023
79 days early
2022
60 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 88 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 May (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Liquidity more than 5 timescurrent ratio 16.10

Financials · financial year 2025, micro format

Equity
€82,000▼ 63.4%
2024 · €223,923
Net result
€93,572▲ 15.4%
2024 · €81,104
Total assets
€149,929▼ 38.4%
2024 · €243,343
Solvency
54.7%▼ 37.3pp
2024 · 92.0%
Trend over the years

2022 to 2025, 4 financial years

The operating result recovers in 2025; 2025 is 20% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€118,000 2025 Net result€93,572 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result€39,334-€149,050▲ 279%€98,675▼ 33.8%€118,000▲ 19.6%
Net result€31,405within the sector's middle half-€109,414above the sector's middle half▲ 248%€81,104above the sector's middle half▼ 25.9%€93,572above the sector's middle half▲ 15.4%
Equity€33,405below the sector's middle half-€142,819within the sector's middle half▲ 328%€223,923within the sector's middle half▲ 56.8%€82,000within the sector's middle half▼ 63.4%
Total assets€59,485below the sector's middle half-€218,162within the sector's middle half▲ 267%€243,343within the sector's middle half▲ 11.5%€149,929within the sector's middle half▼ 38.4%
Debt€26,080-€75,343▲ 189%€19,420▼ 74.2%€67,929▲ 250%
Working capital€33,405within the sector's middle half-€141,302within the sector's middle half▲ 323%€227,306above the sector's middle half▲ 60.9%€81,170within the sector's middle half▼ 64.3%
Solvency56.2%within the sector's middle half-65.5%within the sector's middle half▲ 9.3pp92.0%above the sector's middle half▲ 26.6pp54.7%within the sector's middle half▼ 37.3pp
Current ratio2.28within the sector's middle half-2.88within the sector's middle half▲ 0.5916.10above the sector's middle half▲ 13.222.20within the sector's middle half▼ 13.90
Return on assets (ROA)52.8%above the sector's middle half-50.2%above the sector's middle half▼ 2.6pp33.3%above the sector's middle half▼ 16.8pp62.4%above the sector's middle half▲ 29.1pp
above within below the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149,929
Fixed assets €1,327 ▲ 34.8%
Current assets €148,602 ▼ 38.7%
Equity and liabilities €149,929
Equity €82,000 ▼ 63.4%
Debt €67,929 ▲ 250%
Debt's share of the balance-sheet total rises from 8.0% to 45.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
114.1%▲
2024 · 36.2%
Debt ≤ 1 year
€67,432▲
2024 · €15,054
Income taxes
€25,459▲
2024 · €21,704
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€243,343€149,929▼
Fixed assets21/28€984€1,327▲
Tangible fixed assets22/27€984€1,327▲
Furniture and vehicles24€984€1,327▲
Current assets29/58€242,359€148,602▼
Amounts receivable after more than one year29€100,000€0▼
Other amounts receivable291€100,000€0▼
Amounts receivable within one year40/41€62,223€27,859▼
Trade receivables40€28,337€27,859▼
Other amounts receivable41€33,886€0▼
Current investments50/53€25,000€100,000▲
Cash at bank and in hand54/58€54,624€19,921▼
Deferred charges and accrued income490/1€512€822▲
Equity and liabilities
Total equity and liabilities10/49€243,343€149,929▼
Equity10/15€223,923€82,000▼
Contributions10/11€2,000€2,000=
Reserves13€190,000€80,000▼
Distributable reserves133€190,000€80,000▼
Profit (loss) carried forward14€31,923€0▼
Amounts payable17/49€19,420€67,929▲
Amounts payable within one year42/48€15,054€67,432▲
Trade debts44€390€900▲
Suppliers440/4€390€900▲
Taxes, remuneration and social security45€14,663€21,502▲
Taxes450/3€14,663€21,502▲
Other amounts payable47/48€0€45,030▲
Accrued charges and deferred income492/3€4,367€497▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€533€875▲
Other operating charges640/8€638€510▼
Gross operating margin9900€99,845€119,384▲
Operating profit (loss)9901€98,675€118,000▲
Financial income75/76B€4,170€1,216▼
Recurring financial income75€4,170€1,216▼
Financial charges65/66B€37€185▲
Recurring financial charges65€37€185▲
Profit (loss) for the period before taxes9903€102,808€119,031▲
Income taxes67/77€21,704€25,459▲
Profit (loss) for the period9904€81,104€93,572▲
Profit (loss) for the period to be appropriated9905€81,104€93,572▲
Appropriation of the result
Profit (loss) to be appropriated9906€111,923€93,572▼
Profit (loss) brought forward from the previous period14P€30,819€0▼
Transfer from equity791/2-€141,923
Transfer to equity691/2€80,000€0▼
To other reserves6921€80,000€0▼
Profit to be distributed694/7-€235,495
Return on contributions (dividend)694-€235,495

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€82€533€875▲ 64.1%
Other operating charges640/8€348€494€638€510▼ 20.1%
Gross operating margin9900€39,682€149,626€99,845€119,384▲ 19.6%
Operating profit (loss)9901€39,334€149,050€98,675€118,000▲ 19.6%
Financial income75/76B-€1,437€4,170€1,216▼ 70.8%
Recurring financial income75-€1,437€4,170€1,216▼ 70.8%
Financial charges65/66B-€80€37€185▲ 396%
Recurring financial charges65-€80€37€185▲ 396%
Profit (loss) for the period before taxes9903€39,334€150,407€102,808€119,031▲ 15.8%
Income taxes67/77€7,929€40,993€21,704€25,459▲ 17.3%
Profit (loss) for the period9904€31,405€109,414€81,104€93,572▲ 15.4%
Profit (loss) for the period to be appropriated9905€31,405€109,414€81,104€93,572▲ 15.4%
Line2022202320242025Change
Assets
Total assets20/58€59,485€218,162€243,343€149,929▼ 38.4%
Fixed assets21/28-€1,517€984€1,327▲ 34.8%
Tangible fixed assets22/27-€1,517€984€1,327▲ 34.8%
Furniture and vehicles24-€1,517€984€1,327▲ 34.8%
Current assets29/58€59,485€216,645€242,359€148,602▼ 38.7%
Amounts receivable after more than one year29-€100,000€100,000€0▼ 100%
Other amounts receivable291-€100,000€100,000€0▼ 100%
Amounts receivable within one year40/41€28,700€50,389€62,223€27,859▼ 55.2%
Trade receivables40€24,176€34,054€28,337€27,859▼ 1.7%
Other amounts receivable41€4,524€16,335€33,886€0▼ 100%
Current investments50/53--€25,000€100,000▲ 300%
Cash at bank and in hand54/58€30,785€66,256€54,624€19,921▼ 63.5%
Deferred charges and accrued income490/1--€512€822▲ 60.6%
Equity and liabilities
Total equity and liabilities10/49€59,485€218,162€243,343€149,929▼ 38.4%
Equity10/15€33,405€142,819€223,923€82,000▼ 63.4%
Contributions10/11€2,000€2,000€2,000€2,000=
Reserves13€30,000€110,000€190,000€80,000▼ 57.9%
Distributable reserves133€30,000€110,000€190,000€80,000▼ 57.9%
Profit (loss) carried forward14€1,405€30,819€31,923€0▼ 100%
Amounts payable17/49€26,080€75,343€19,420€67,929▲ 250%
Amounts payable within one year42/48€26,080€75,343€15,054€67,432▲ 348%
Trade debts44€546€1,025€390€900▲ 131%
Suppliers440/4€546€1,025€390€900▲ 131%
Taxes, remuneration and social security45€25,534€62,924€14,663€21,502▲ 46.6%
Taxes450/3€25,534€62,924€14,663€21,502▲ 46.6%
Other amounts payable47/48-€11,394€0€45,030-
Accrued charges and deferred income492/3--€4,367€497▼ 88.6%
Line2022202320242025Change
Profit (loss) for the period9904€31,405€109,414€81,104€93,572▲ 15.4%
+ Depreciation and write-downs630-€82€533€875▲ 64.1%
Operating cash flow (approximation)€31,405€109,496€81,637€94,447▲ 15.7%
Investment in fixed assets (approximation)--€0-€1,217-
Change in cash-€35,471-€11,632-€34,703▼ 198%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2025 micro format 25-03-2026 2026-00061234
31-12-2024 micro format 08-05-2025 2025-00091597
31-12-2023 micro format 13-05-2024 2024-00085668
31-12-2022 micro format 01-06-2023 2023-00101430

Similar companies · same sector, comparable size

Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,048. 12,020 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 8 September 2022, Devadesc was incorporated as a private limited company.1 Total assets went from €59,485 in 2022 to €149,929 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2022 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
25-03
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
08-05
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial Liquidity more than 5 timescurrent ratio 16.10
Current ratio from 2.88 to 16.10; short-term debt falls from €75,343 to €15,054.
31-12
Financial Equity above €200,000equity €223,923 ▲56.8%
A profit in every financial year since 2022 builds equity to €223,923.
13-05
NBB filing Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial Highest result from 2022 to 2025net €109,414 ▲248%
Operating result €149,050, net result €109,414, both a record.
31-12
Financial Equity above €100,000equity €142,819 ▲328%
A profit in every financial year since 2022 builds equity to €142,819.
01-06
NBB filing Annual accounts filed
financial year 2022 · micro format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded08-09-2022
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
77400Rental and leasing activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0790589491
Also 9925:BE0790589491
Registered 02-01-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 25 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2022
registered office establishment The establishment unit on the map
Ground area
870 m²
Building footprint
162 m²
Building volume
628 m³
Parcel 44064B0070/00E003, Flanders · tallest building 7.4 m. Linked by address, not a title deed.
1 establishment unit
Devadesc
Kleine Heide 9, 9830 Sint-Martens-LatemNon-specialised wholesale trade
since 2022unit no. 2.338.130.362
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
44064B0070/00E003 Flanders 870 m² 1 · 162 m² 7.4 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.