DEVALAPIG
Open bankruptcyA bankruptcy procedure is open for DEVALAPIG according to publications in the Belgian State Gazette; curator: ALAIN VANRYCKEGHEM.
Summary
The 2024 annual accounts show negative equity (-€292,635) and a net result of €19,879.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ypres division
- Declared bankrupt
- 13 December 2024
- Supervising judge
- Nikolas Dejonckheere
- Official Gazette
- 18-12-2024 (pdf) ↗search the document for 2024/149666
Curator
- Alain VanryckeghemRijselstraat 132, 8900 Ieperalain@viajuris.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 05-12-2024, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
57 d early
2023
on the day
2022
1 d early
2021
3 d early
2020
3 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Mixed farming sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€292,635▲ 6.4%
2023 · -€312,514
Total assets
€172,244▼ 48.2%
2023 · €332,760
Net result
€19,879▲ 28.8%
2023 · €15,429
Working capital
-€151,725▲ 14.3%
2023 · -€177,044
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
Line20202021202220232024
Operating result€13,373▲ 126%-€66,187-€54,335▲ 17.9%€18,346€24,805▲ 35.2%
Net result€12,626▲ 190%-€67,899-€56,145▲ 17.3%€15,429€19,879▲ 28.8%
Equity-€203,900▲ 5.8%-€271,799▼ 33.3%-€327,944▼ 20.7%-€312,514▲ 4.7%-€292,635▲ 6.4%
Total assets€235,259▲ 12.0%€182,808▼ 22.3%€201,970▲ 10.5%€332,760▲ 64.8%€172,244▼ 48.2%
Debt€439,159▲ 2.9%€454,606▲ 3.5%€529,914▲ 16.6%€645,274▲ 21.8%€464,880▼ 28.0%
Working capital-€94,074▲ 55.0%-€150,693▼ 60.2%-€207,309▼ 37.6%-€177,044▲ 14.6%-€151,725▲ 14.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 35% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €172,244
Fixed assets
€5,403 ▼ 28.7%
Current assets
€166,841 ▼ 48.7%
Key figures and ratios
EBITDA
€26,981▲
2023 · €20,523
Cash flow
€22,056▲
2023 · €17,606
Solvency
-169.9%▼
2023 · -93.9%
Current ratio
0.52▼
2023 · 0.65
Quick ratio
0.20▼
2023 · 0.32
Debt to equity
-1.59▲
2023 · -2.06
ROA
11.5%▲
2023 · 4.6%
Interest coverage
5.04▼
2023 · 6.07
Debt ≤ 1 year
€318,566▼
2023 · €502,225
Debt > 1 year
€146,313▲
2023 · €143,050
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,430 | €9,606 | €2,750 | €2,177 | €2,176 | = |
| Other operating charges640/8 | - | - | €1,385 | €2,984 | €5,958 | ▲ 99.7% |
| Gross operating margin9900 | €26,711 | -€53,559 | -€50,201 | €23,506 | €32,939 | ▲ 40.1% |
| Operating profit (loss)9901 | €13,373 | -€66,187 | -€54,335 | €18,346 | €24,805 | ▲ 35.2% |
| Financial income75/76B | - | - | €639 | €466 | €431 | ▼ 7.6% |
| Recurring financial income75 | €1,527 | €555 | €639 | €466 | €431 | ▼ 7.6% |
| Financial charges65/66B | - | - | €2,449 | €3,384 | €5,356 | ▲ 58.3% |
| Recurring financial charges65 | €2,275 | €2,266 | €2,449 | €3,384 | €5,356 | ▲ 58.3% |
| Profit (loss) for the period before taxes9903 | €12,626 | -€67,899 | -€56,145 | €15,429 | €19,879 | ▲ 28.8% |
| Profit (loss) for the period9904 | €12,626 | -€67,899 | -€56,145 | €15,429 | €19,879 | ▲ 28.8% |
| Profit (loss) for the period to be appropriated9905 | €12,626 | -€67,899 | -€56,145 | €15,429 | €19,879 | ▲ 28.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €235,259 | €182,808 | €201,970 | €332,760 | €172,244 | ▼ 48.2% |
| Fixed assets21/28 | €22,112 | €12,506 | €9,756 | €7,580 | €5,403 | ▼ 28.7% |
| Tangible fixed assets22/27 | €22,112 | €12,506 | €9,756 | €7,580 | €5,403 | ▼ 28.7% |
| Plant, machinery and equipment23 | - | - | €1,157 | €579 | €0 | ▼ 100.0% |
| Leasing and similar rights25 | - | - | €8,599 | €7,001 | €5,403 | ▼ 22.8% |
| Current assets29/58 | €213,147 | €170,302 | €192,214 | €325,180 | €166,841 | ▼ 48.7% |
| Stocks and contracts in progress3 | €110,344 | €110,543 | €125,645 | €164,232 | €104,671 | ▼ 36.3% |
| Stocks30/36 | - | - | €125,645 | €164,232 | €104,671 | ▼ 36.3% |
| Amounts receivable within one year40/41 | €32,353 | €4,329 | €5,498 | €6,078 | €6,525 | ▲ 7.3% |
| Trade receivables40 | - | - | €1,852 | €1,852 | €1,852 | = |
| Other amounts receivable41 | - | - | €3,645 | €4,226 | €4,673 | ▲ 10.6% |
| Cash at bank and in hand54/58 | €57,646 | €46,192 | €42,393 | €141,344 | €43,358 | ▼ 69.3% |
| Deferred charges and accrued income490/1 | - | - | €18,679 | €13,526 | €12,287 | ▼ 9.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €235,259 | €182,808 | €201,970 | €332,760 | €172,244 | ▼ 48.2% |
| Equity10/15 | -€203,900 | -€271,799 | -€327,944 | -€312,514 | -€292,635 | ▲ 6.4% |
| Contributions10/11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €18,677 | €18,677 | €18,677 | €18,677 | €18,677 | = |
| Non-distributable reserves130/1 | - | - | €363 | €363 | €363 | = |
| Reserves not available under the articles1311 | - | - | €363 | €363 | €363 | = |
| Distributable reserves133 | - | - | €18,313 | €18,313 | €18,313 | = |
| Profit (loss) carried forward14 | -€241,177 | -€309,075 | -€365,220 | -€349,791 | -€329,912 | ▲ 5.7% |
| Amounts payable17/49 | €439,159 | €454,606 | €529,914 | €645,274 | €464,880 | ▼ 28.0% |
| Amounts payable after more than one year17 | €131,937 | €133,612 | €130,391 | €143,050 | €146,313 | ▲ 2.3% |
| Financial debts170/4 | - | - | €80,000 | €80,000 | €80,000 | = |
| Other amounts payable178/9 | - | - | €50,391 | €63,050 | €66,313 | ▲ 5.2% |
| Amounts payable within one year42/48 | €307,221 | €320,995 | €399,523 | €502,225 | €318,566 | ▼ 36.6% |
| Trade debts44 | €307,221 | €320,861 | €399,523 | €502,225 | €318,259 | ▼ 36.6% |
| Suppliers440/4 | - | - | €399,523 | €502,225 | €318,259 | ▼ 36.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €307 | - |
| Taxes450/3 | - | - | - | - | €307 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,626 | -€67,899 | -€56,145 | €15,429 | €19,879 | ▲ 28.8% |
| + Depreciation and write-downs630 | €10,430 | €9,606 | €2,750 | €2,177 | €2,176 | = |
| Operating cash flow (approximation) | €23,055 | -€58,292 | -€53,395 | €17,606 | €22,056 | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€11,454 | -€3,799 | €98,951 | -€97,986 | ▼ 199% |
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
2024
18-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Ieper · event 13-12-2024
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €19,879 ▲28.8%
Operating result €24,805, net result €19,879, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €15,429
Net result €15,429 after 2 loss-making years.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€67,899
Net result drops to -€67,899, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
27-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ieper · 2 establishment units since 2005
Ground area
6,978 m²
Building footprint
490 m²
Volume, LiDAR
2,475 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Wulvestraat 53, 8902 Ieper
since 20052.150.296.295
Stadensteenweg 62, 8920 Langemark-Poelkapelle
since 20122.243.699.080
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33020D0913/00B002 | Flanders | 4,453 m² | 1 · 236 m² | 10.2 m · 1 fl. |
| 33036A0208/00Z003 | Flanders | 2,525 m² | 1 · 254 m² | 8.9 m · 2 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN VANRYCKEGHEM RIJSELSTRAAT 132,
8900 IEPER |
13-12-2024 → present |
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,482 EUR awarded · 1,482 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,482 EUR | 1,482 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteLangemark-Poelkapelle2.243.699.080
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Of 20,585 companies in sector 01500 we hold annual accounts for 1,149. 555 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 (pre-2019)
Founded27-06-2005
Fiscal year end30-06
Activities, NACEBEL 2025
01500Mixed farming
01462Crop and animal production, hunting and related service activities
01410Raising of dairy cattle
47221Retail sale of meat and meat products, excluding game and poultry
Scores and ratios are computed by Checked and are not a credit decision.