Devagro Transport
ActiveDevagro Transport has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €4k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 217 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency28▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.49 in 2024; short-term debt: 96.6% and cash: 1% of total assets), and 96.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
3.4%
Return on assets
0.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 217 sector peers (2025).
NBB · sector comparisonPosition among 217 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
42 d early
2023
40 d early
2022
61 d early
2021
82 d early
2020
16 d late
2019
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€79k▲ 5.5%
2024 · €75k
2019: €43k
2020: €48k
2021: €68k
2022: €73k
2023: €69k
2024: €75k
2019 → 2025
Total assets
€2.29M▲ 86.3%
2024 · €1.23M
2019: €983k
2020: €1.01M
2021: €1.04M
2022: €1.01M
2023: €1.03M
2024: €1.23M
2019 → 2025
Net result
€4k▼ 29.1%
2024 · €6k
2019: €8k
2020: €5k
2021: €8k
2022: €5k
2023: €-4k
2024: €6k
2019 → 2025
Working capital
€-421k▲ 29.0%
2024 · €-593k
2019: €24k
2020: €50k
2021: €69k
2022: €72k
2023: €-36k
2024: €-593k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€73k▲ 7.9%€69k▼ 5.4%€75k▲ 8.4%€79k▲ 5.5%
Operating result€13k-€10k▼ 20.0%€-2k€16k€9k▼ 44.3%
Net result€8k-€5k▼ 30.0%€-4k€6k€4k▼ 29.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.29M
Fixed assets
€500k▼ 25.1%
Current assets
€1.79M▲ 219%
Equity and liabilities €2.29M
Equity
€79k▲ 5.5%
Debt
€2.21M▲ 91.6%
The debt ratio rises from 93.9% to 96.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€177k▲
2024 · €107k
Cash flow
€172k▲
2024 · €96k
Solvency
3.4%▼
2024 · 6.1%
Current ratio
0.81▲
2024 · 0.49
Quick ratio
0.81▲
2024 · 0.49
Debt / equity
28.02▲
2024 · 15.43
ROE
5.2%▼
2024 · 7.8%
ROA
0.2%▼
2024 · 0.5%
Interest coverage
257.13▲
2024 · 20.36
Debt
€2.21M▲
2024 · €1.15M
Debt ≤ 1 year
€2.21M▲
2024 · €1.15M
Income taxes
€4k▼
2024 · €5k
Staff costs
€384k▲
2024 · €333k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.23M€2.29M▲
Fixed assets21/28€668k€500k▼
Tangible fixed assets22/27€667k€499k▼
Furniture and vehicles24€667k€499k▼
Financial fixed assets28€945€945=
Current assets29/58€560k€1.79M▲
Amounts receivable within one year40/41€140k€1.75M▲
Trade receivables40€140k€1.75M▲
Cash at bank and in hand54/58€417k€23k▼
Deferred charges and accrued income490/1€4k€15k▲
Equity and liabilities
Total equity and liabilities10/49€1.23M€2.29M▲
Equity10/15€75k€79k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€54k€58k▲
Amounts payable17/49€1.15M€2.21M▲
Amounts payable within one year42/48€1.15M€2.21M▲
Trade debts44€167k€1.29M▲
Suppliers440/4€167k€1.29M▲
Taxes, remuneration and social security45€113k€45k▼
Taxes450/3€84k€13k▼
Remuneration and social security454/9€29k€32k▲
Other amounts payable47/48€874k€874k=
Income statement
Code20242025
Non-recurring operating income76A€12k€0▼
Remuneration, social security and pensions62€333k€384k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€168k▲
Other operating charges640/8€7k€4k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€447k€564k▲
Operating profit (loss)9901€16k€9k▼
Financial income75/76B€10€0▼
Recurring financial income75€10€0▼
Financial charges65/66B€5k€687▼
Recurring financial charges65€5k€687▼
Profit (loss) for the period before taxes9903€11k€8k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€6k€4k▼
Profit (loss) for the period to be appropriated9905€6k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€58k▲
Profit (loss) brought forward from the previous period14P€48k€54k▲
Social balance
Average headcount (FTE)90876.06.5▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-4k ▼174%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 16 days late
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-11
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.
Directors · office · real estate
Directors
5 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, Waregem · 2 establishment units since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pitantiestraat 1008792 WaregemGround area
2.1 ha
Building footprint
4,841 m²
Volume, LiDAR
28,473 m³
2 parcels, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Devagro Transport
since 20102.195.895.502
Devagro Transport
since 20222.329.884.372
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322C0321/00G000 | Flanders | 1.4 ha | 1 · 248 m² | 11.1 m · 3 fl. |
| 34010A0838/00R000 | Flanders | 7,346 m² | 1 · 4,593 m² | 8.9 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 426 EUR awarded · 426 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 226 EUR | 226 EUR |
| 2024 | 1 | 83 EUR | 83 EUR |
| 2023 | 1 | 72 EUR | 72 EUR |
| 2022 | 1 | 45 EUR | 45 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 279 companies in sector 38330 we hold annual accounts for 240. 96 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-2010
Fiscal year end30-06
Activities, NACEBEL
38219Waste collection, recovery and disposal activities
38330Waste collection, recovery and disposal activities
49410Freight transport by road
38210Materials recovery from waste
38329Waste collection, recovery and disposal activities
39000Remediation activities and other waste management service activities
43120Site preparation
43130Specialised construction activities
46831Wholesale of construction materials, general range
52210Service activities incidental to land transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.