DEVAKO
ActiveDEVAKO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €268k and a net result of €-73. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 95% of 11165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
70
/ 100
Healthy▼ -16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
balance sheet total too small for a liquidity verdict, and 0.3% of the assets are financed with debt.
Credit advice for your own amount and term
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
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
6 d early
2022
on the day
2021
3 d early
2020
9 d early
2019
7 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 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€268k=
2024 · €268k
2019: €265k
2020: €265k
2021: €266k
2022: €267k
2023: €268k
2024: €268k
2019 → 2025
Total assets
€269k▼ 5.9%
2024 · €286k
2019: €560k
2020: €411k
2021: €396k
2022: €272k
2023: €316k
2024: €286k
2019 → 2025
Net result
€-73
2024 · €12
2019: €137
2020: €247
2021: €1k
2022: €473
2023: €1k
2024: €12
2019 → 2025
Working capital
€246k▲ 3.2%
2024 · €239k
2019: €237k
2020: €246k
2021: €253k
2022: €258k
2023: €231k
2024: €239k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€266k-€267k▲ 0.2%€268k▲ 0.4%€268k=€268k=
Operating result€409-€793▲ 93.9%€1k▲ 67.3%€-304€95
Net result€1k-€473▼ 68.3%€1k▲ 130%€12▼ 98.9%€-73
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €95 after a loss of €304 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €269k
Fixed assets
€22k▼ 26.2%
Current assets
€247k▼ 3.6%
Equity and liabilities €269k
Equity
€268k=
Debt
€840▼ 95.3%
The debt ratio falls from 6.2% to 0.3%: debt is paid down.
Key figures and ratios
EBITDA
€8k▲
2024 · €7k
Cash flow
€8k▼
2024 · €8k
Solvency
99.7%▲
2024 · 93.8%
Quick ratio
70.54▲
2024 · 9.16
Debt / equity
0.00▼
2024 · 0.07
ROE
0.0%▼
2024 · 0.0%
ROA
0.0%▼
2024 · 0.0%
Interest coverage
46.06▲
2024 · 35.63
Debt
€840▼
2024 · €18k
Debt ≤ 1 year
€840▼
2024 · €18k
A ratio outside any meaningful range has been withheld (balance sheet total €269k, equity €268k).
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€286k€269k▼
Fixed assets21/28€29k€22k▼
Tangible fixed assets22/27€29k€22k▼
Land and buildings22€6k€5k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€19k€14k▼
Current assets29/58€257k€247k▼
Stocks and contracts in progress3€94k€188k▲
Stocks30/36€94k€188k▲
Amounts receivable within one year40/41€29k€5k▼
Trade receivables40€29k€4k▼
Other amounts receivable41€33€1k▲
Cash at bank and in hand54/58€133k€54k▼
Deferred charges and accrued income490/1€975€244▼
Equity and liabilities
Total equity and liabilities10/49€286k€269k▼
Equity10/15€268k€268k=
Contributions10/11€175k€175k=
Reserves13€93k€93k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€48k€48k=
Distributable reserves133€45k€45k▼
Amounts payable17/49€18k€840▼
Amounts payable within one year42/48€18k€840▼
Trade debts44€10k€738▼
Suppliers440/4€10k€738▼
Taxes, remuneration and social security45€8k€0▼
Taxes450/3€8k€0▼
Remuneration and social security454/9€0-
Other amounts payable47/48-€103
Income statement
Code20242025
Non-recurring operating income76A€6k€37k▲
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€9k€9k▼
Operating profit (loss)9901€-304€95▲
Financial income75/76B€523€0▼
Recurring financial income75€523€0▼
Financial charges65/66B€207€169▼
Recurring financial charges65€207€169▼
Profit (loss) for the period before taxes9903€12€-73▼
Profit (loss) for the period9904€12€-73▼
Profit (loss) for the period to be appropriated9905€12€-73▼
Appropriation of the result
Profit (loss) to be appropriated9906€12€-73▼
Transfer from equity791/2-€73
Transfer to equity691/2€12€0▼
To other reserves6921€12€0▼
The notes to these accounts (8 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-73 ▼711%
Net result drops to €-73, the lowest in the series.
30-06
Financial
Liquidity times 20current ratio 294.18
Current ratio from 14.48 to 294.18; short-term debt falls from €18k to €840.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity doublescurrent ratio 14.48
Current ratio from 5.84 to 14.48; short-term debt falls from €48k to €18k.
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity times 18current ratio 54.48
Current ratio from 2.96 to 54.48; short-term debt falls from €129k to €5k.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €1k ▲505%
Net result €1k, the highest in the series.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 6 days late
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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
no sitting director, last change in 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-01-2024
Martine Van Haecke: Resigned as Director
02-01-2024
Patrick Depuydt: Resigned as Director
Not every act has been read: a resignation may be missing here
3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kortemark · 1 establishment unit since 2002
Ground area
1,562 m²
Building footprint
365 m²
Volume, LiDAR
1,969 m³
Parcel 32011B0296/00W000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVAKO
since 20022.077.736.733
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011B0296/00W000 | Flanders | 1,562 m² | 1 · 365 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2023 to 2024 · 2 entries · 375 EUR awarded · 260 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 48 EUR | 48 EUR |
| 2023 | 1 | 327 EUR | 212 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 803 companies in sector 46610 we hold annual accounts for 563. 458 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-1996
Fiscal year end30-06
Activities, NACEBEL
46610Wholesale trade
51880
01610Support activities for crop production
29322
33120Repair and maintenance of machinery
77310Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.