DEVAL
ActiveSummary
DEVAL has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €371,999 and a net result of -€11,839. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 81% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+47
Solvency98▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 8.48 against 5.48 in 2024; short-term debt: 3.9% and cash: 17.6% of total assets), and 26.9% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€11,839
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-02-2026, 23 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
23 d late
2024
11 d late
2023
5 d late
2022
6 d late
2021
24 d late
2020
24 d late
2019
20 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 16 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€371,999▼ 3.1%
2024 · €383,837
Total assets
€508,548▼ 6.5%
2024 · €543,810
Net result
-€11,839▲ 86.4%
2024 · -€87,152
Working capital
€149,940▲ 0.3%
2024 · €149,482
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,959▼ 45.3%-€13,822€363,362-€82,983-€11,239▲ 86.5%
Net result€14,041▼ 50.4%-€17,402€254,128-€87,152-€11,839▲ 86.4%
Equity€234,264▲ 6.4%€216,862▼ 7.4%€470,990▲ 117%€383,837▼ 18.5%€371,999▼ 3.1%
Total assets€533,704▼ 3.6%€491,537▼ 7.9%€657,220▲ 33.7%€543,810▼ 17.3%€508,548▼ 6.5%
Debt€299,440▼ 10.1%€274,675▼ 8.3%€87,793▼ 68.0%€61,535▼ 29.9%€38,112▼ 38.1%
Working capital-€101,407▲ 16.9%€22,267€240,405▲ 980%€149,482▼ 37.8%€149,940▲ 0.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,239 in 2025 against €82,983 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €508,548
Fixed assets
€338,560 ▼ 6.2%
Current assets
€169,988 ▼ 7.0%
Equity and liabilities €508,548
Equity
€371,999 ▼ 3.1%
Provisions
€98,438 =
Debt
€38,112 ▼ 38.1%
Debt's share of the balance-sheet total falls from 11.3% to 7.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,193▲
2024 · -€60,342
Cash flow
€10,594▲
2024 · -€64,512
Current ratio
8.48▲
2024 · 5.48
Debt to equity
0.10▼
2024 · 0.16
ROE
-3.2%▲
2024 · -22.7%
ROA
-2.3%▲
2024 · -16.0%
Interest coverage
3.72▲
2024 · -13.60
Debt ≤ 1 year
€20,048▼
2024 · €33,335
Debt > 1 year
€14,374▼
2024 · €28,200
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,490 | €29,424 | €28,859 | €22,641 | €22,433 | ▼ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €55,860 | - | - |
| Other operating charges640/8 | - | €15,797 | €14,024 | €15,231 | €15,830 | ▲ 3.9% |
| Gross operating margin9900 | €62,282 | €31,399 | €406,245 | €10,749 | €27,023 | ▲ 151% |
| Operating profit (loss)9901 | €17,959 | -€13,822 | €363,362 | -€82,983 | -€11,239 | ▲ 86.5% |
| Financial income75/76B | - | €166 | €543 | €266 | €2,408 | ▲ 805% |
| Recurring financial income75 | €574 | €166 | €543 | €266 | €2,408 | ▲ 805% |
| Financial charges65/66B | - | €3,746 | €11,340 | €4,436 | €3,007 | ▼ 32.2% |
| Recurring financial charges65 | €4,492 | €3,746 | €11,340 | €4,436 | €3,007 | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | €14,041 | -€17,402 | €352,565 | -€87,152 | -€11,839 | ▲ 86.4% |
| Transfer to deferred taxes680 | - | - | €98,438 | - | - | - |
| Profit (loss) for the period9904 | €14,041 | -€17,402 | €254,128 | -€87,152 | -€11,839 | ▲ 86.4% |
| Transfer to tax-exempt reserves689 | - | - | €295,313 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €14,041 | -€17,402 | -€41,185 | -€87,152 | -€11,839 | ▲ 86.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €533,704 | €491,537 | €657,220 | €543,810 | €508,548 | ▼ 6.5% |
| Fixed assets21/28 | €441,916 | €412,492 | €383,633 | €360,992 | €338,560 | ▼ 6.2% |
| Tangible fixed assets22/27 | €441,916 | €412,492 | €383,633 | €360,992 | €338,560 | ▼ 6.2% |
| Land and buildings22 | - | €412,492 | €383,633 | €360,992 | €338,560 | ▼ 6.2% |
| Current assets29/58 | €91,788 | €79,045 | €273,587 | €182,817 | €169,988 | ▼ 7.0% |
| Amounts receivable within one year40/41 | €62,155 | €67,202 | €111,700 | €56,106 | €80,732 | ▲ 43.9% |
| Trade receivables40 | - | €2,646 | €705 | €705 | - | - |
| Other amounts receivable41 | - | €64,557 | €110,995 | €55,401 | €80,732 | ▲ 45.7% |
| Cash at bank and in hand54/58 | €25,734 | €8,342 | €161,887 | €126,711 | €89,257 | ▼ 29.6% |
| Deferred charges and accrued income490/1 | - | €3,500 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €533,704 | €491,537 | €657,220 | €543,810 | €508,548 | ▼ 6.5% |
| Equity10/15 | €234,264 | €216,862 | €470,990 | €383,837 | €371,999 | ▼ 3.1% |
| Contributions10/11 | €213,188 | €213,188 | €213,188 | €213,188 | €213,188 | = |
| Capital10 | - | €213,188 | €213,188 | €213,188 | €213,188 | = |
| Issued capital100 | - | €213,188 | €213,188 | €213,188 | €213,188 | = |
| Reserves13 | €72,005 | €72,005 | €367,317 | €367,317 | €367,317 | = |
| Non-distributable reserves130/1 | - | €21,319 | €21,319 | €21,319 | €21,319 | = |
| Legal reserve130 | - | €21,319 | €21,319 | €21,319 | €21,319 | = |
| Tax-exempt reserves132 | - | - | €295,313 | €295,313 | €295,313 | = |
| Distributable reserves133 | - | €50,686 | €50,686 | €50,686 | €50,686 | = |
| Profit (loss) carried forward14 | -€50,929 | -€68,331 | -€109,516 | -€196,669 | -€208,507 | ▼ 6.0% |
| Provisions and deferred taxes16 | - | - | €98,438 | €98,438 | €98,438 | = |
| Deferred taxes168 | - | - | €98,438 | €98,438 | €98,438 | = |
| Amounts payable17/49 | €299,440 | €274,675 | €87,793 | €61,535 | €38,112 | ▼ 38.1% |
| Amounts payable after more than one year17 | €106,244 | €215,876 | €54,611 | €28,200 | €14,374 | ▼ 49.0% |
| Financial debts170/4 | - | €215,876 | €54,611 | €28,200 | €14,374 | ▼ 49.0% |
| Amounts payable within one year42/48 | €193,196 | €56,778 | €33,182 | €33,335 | €20,048 | ▼ 39.9% |
| Current portion of amounts payable after more than one year42 | - | €40,360 | €26,265 | €27,008 | €13,825 | ▼ 48.8% |
| Trade debts44 | €150,129 | €4,751 | €46 | - | €29 | - |
| Suppliers440/4 | - | €4,751 | €46 | - | €29 | - |
| Taxes, remuneration and social security45 | - | €1,092 | €1,751 | €1,567 | €1,433 | ▼ 8.5% |
| Taxes450/3 | - | €1,092 | €1,751 | €1,567 | €1,433 | ▼ 8.5% |
| Other amounts payable47/48 | - | €10,576 | €5,120 | €4,760 | €4,760 | = |
| Accrued charges and deferred income492/3 | - | €2,021 | - | - | €3,689 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,041 | -€17,402 | €254,128 | -€87,152 | -€11,839 | ▲ 86.4% |
| + Depreciation and write-downs630 | €31,490 | €29,424 | €28,859 | €22,641 | €22,433 | ▼ 0.9% |
| Operating cash flow (approximation) | €45,530 | €12,021 | €282,986 | -€64,512 | €10,594 | ▲ 116% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€17,391 | €153,545 | -€35,176 | -€37,455 | ▼ 6.5% |
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
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
2025
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
30-06
Financial
Back to profitnet €254,128
Net result €254,128 after one loss-making year.
30-06
Financial
Liquidity times 6current ratio 8.25
Current ratio from 1.39 to 8.25; short-term debt falls from €56,778 to €33,182.
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
2022
30-06
Financial
Liquidity triplescurrent ratio 1.39
Current ratio from 0.48 to 1.39; short-term debt falls from €193,196 to €56,778.
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
30-06
Financial
Back to profitnet €28,286
Net result €28,286 after one loss-making year.
30-06
Financial
Equity above €200,000Eq €220,224 ▲14.7%
Equity rises from €191,938 to €220,224.
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
Show earlier events
2019
12-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 20 days late
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, Ninove · 1 establishment unit since 1990
Ground area
3,027 m²
Building footprint
1,521 m²
Volume, LiDAR
10,754 m³
Parcel 41055B0813/00M000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Brakelsesteenweg 132, 9406 Ninove
since 19902.047.474.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41055B0813/00M000 | Flanders | 3,027 m² | 1 · 1,521 m² | 9.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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DONKERSTEEG
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BKB REAL ESTATE
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,769. 5,036 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-02-1990
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.