Equity
DEVALIN AGRI has made a profit without a break since 2022.
DEVALIN AGRI has made a profit without a break since 2022.
The result rose in 2025 from €74,634 to €315,823.
The abbreviated format states no turnover.
Debts rose by €297,969 in 2025.
The last five annual accounts were filed 8 to 156 days before the end of the period.
Higher net result than 84% of companies in crop and animal production. Sector median €50,877 · 2,075 companies.
The dashed line is the sector median: 0.1% across 5,696 companies (NACE 01, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro). It does better than 58% of them on solvency, 43% on liquidity, 87% on profitability and 54% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,782 companies had the same profile as DEVALIN AGRI has now. Each dot stands for 17 companies, two years later.
That fits the bankruptcy probability of DEVALIN AGRI itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for DEVALIN AGRI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.87 (4.91 in 2024), above the usual 1.5. Short-term debt is 28.9% and cash 6.1% of total assets. However, 56.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 39 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DEVALIN AGRI Wevelgem | €1.9m | €0.4m | 43.4% | - |
| FlaxCon Hoegaarden | €2.1m | €0.5m | 88.8% | - |
| STONEFLAX Ingelmunster | €2.7m | €0.9m | 66.9% | - |
| LAPIERRE VLASBEDRIJF Ingelmunster | €0.9m | €0.3m | 26.1% | - |
| BALINCO Wielsbeke | €4.0m | €1.3m | 46.2% | 7.3 |
| FLAMENT Wervik | €1.7m | €0.6m | 78.9% | 1 |
| AQUALOTUS Woluwe-Saint-Lambert | €0.4m | €0.09m | 71.8% | - |
These companies have the same main activity as DEVALIN AGRI: crop and animal production, hunting and related service activities (NACE 01160). They are comparable in size and age: total assets between €425,000 and €4m, founded between 1979 and 2019.
DEVALIN AGRI files the abbreviated format. That format states no turnover. The gross margin fell from €428,182 in 2020 to €394,082 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 53% of 2,077 companies in 2025.
Higher than 75% of 2,057 companies in 2025.
Higher than 89% of 2,071 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
1.9m | 1.6m | 1.8m | 1.7m | 1.3m | 1.5m | |
21/28 |
326,354 | 366,056 | 408,171 | 450,366 | 498,961 | 558,201 | |
22/27 |
326,354 | 366,056 | 408,171 | 450,366 | 498,961 | 558,201 | |
22 |
323,588 | 365,355 | 407,121 | 448,887 | 490,653 | 532,420 | |
23 |
- | - | 0 | 80 | 6,560 | 25,039 | |
24 |
2,766 | 701 | 1,050 | 1,399 | 1,748 | 742 | |
29/58 |
1.6m | 1.2m | 1.4m | 1.3m | 759,863 | 982,570 | |
3 |
1.0m | 743,943 | 306,723 | 403,666 | 303,013 | 858,789 | |
30/36 |
1.0m | 743,943 | 306,723 | 403,666 | 303,013 | 858,789 | |
40/41 |
441,963 | 121,345 | 813,739 | 613,446 | 229,468 | 49,068 | |
40 |
432,507 | 37,556 | 764,913 | 610,897 | 149,914 | 37,377 | |
41 |
9,457 | 83,790 | 48,825 | 2,549 | 79,554 | 11,691 | |
54/58 |
117,087 | 324,373 | 232,426 | 239,506 | 224,794 | 72,234 | |
490/1 |
4,851 | 4,609 | 3,247 | 25,140 | 2,588 | 2,479 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
1.9m | 1.6m | 1.8m | 1.7m | 1.3m | 1.5m | |
10/15 |
827,956 | 774,524 | 752,282 | 568,472 | 516,237 | 518,972 | |
10/11 |
110,785 | 110,785 | 110,785 | 110,785 | 110,785 | 110,785 | |
13 |
704,256 | 648,432 | 623,905 | 438,378 | 383,850 | 382,324 | |
130/1 |
- | 0 | 11,079 | 11,079 | 11,079 | 11,079 | |
1311 |
- | 0 | 11,079 | 11,079 | 11,079 | 11,079 | |
132 |
158,881 | 171,354 | 183,827 | 196,299 | 208,772 | 221,245 | |
133 |
545,375 | 477,079 | 429,000 | 231,000 | 164,000 | 150,000 | |
14 |
954 | 954 | 847 | 173 | 72 | 1,942 | |
15 |
11,961 | 14,353 | 16,745 | 19,137 | 21,529 | 23,921 | |
16 |
39,595 | 42,791 | 45,988 | 49,184 | 52,381 | 55,577 | |
168 |
39,595 | 42,791 | 45,988 | 49,184 | 52,381 | 55,577 | |
17/49 |
1.0m | 743,009 | 966,036 | 1.1m | 690,206 | 966,222 | |
17 |
490,000 | 500,000 | 500,000 | 500,000 | 500,000 | 530,229 | |
170/4 |
- | - | 0 | 500,000 | 500,000 | 530,229 | |
178/9 |
490,000 | 500,000 | 500,000 | - | - | - | |
42/48 |
550,979 | 243,009 | 466,036 | 608,887 | 190,206 | 435,993 | |
42 |
- | - | - | 0 | 30,229 | 30,000 | |
43 |
- | - | - | 0 | 14,599 | - | |
430/8 |
- | - | - | 0 | 14,599 | - | |
44 |
250,946 | 160,264 | 272,575 | 415,814 | 100,371 | 202,852 | |
440/4 |
250,946 | 160,264 | 272,575 | 415,814 | 100,371 | 202,852 | |
45 |
17,030 | 9,119 | 8,219 | 7,831 | 4,766 | 941 | |
450/3 |
17,030 | 9,119 | 8,219 | 7,831 | 4,766 | 941 | |
47/48 |
283,003 | 73,626 | 185,242 | 185,242 | 40,242 | 202,200 | |
492/3 |
- | - | 0 | 5,579 | - | - | |
| Income statement | |||||||
70 |
- | - | - | - | - | 1.8m | |
9900 |
394,082 | 132,939 | 442,581 | 272,508 | 66,073 | 428,182 | |
60/61 |
- | - | - | - | - | 2.3m | |
630 |
42,804 | 42,115 | 42,195 | 48,595 | 60,573 | 166,328 | |
640/8 |
7,796 | 7,668 | 7,661 | 5,895 | 6,376 | 16,454 | |
9901 |
343,481 | 83,156 | 392,725 | 218,018 | -875 | 245,400 | |
75/76B |
2,392 | 2,392 | 2,392 | 2,392 | 2,426 | 5,897 | |
75 |
2,392 | 2,392 | 2,392 | 2,392 | 2,426 | 5,897 | |
65/66B |
108 | 115 | 103 | 1,293 | 897 | 2,639 | |
65 |
108 | 115 | 103 | 1,293 | 897 | 2,639 | |
9903 |
345,765 | 85,434 | 395,014 | 219,118 | 654 | 248,658 | |
780 |
3,197 | 3,197 | 3,197 | 3,197 | - | 7,448 | |
67/77 |
33,138 | 13,996 | 62,009 | 17,686 | 4,194 | 25,935 | |
9904 |
315,823 | 74,634 | 336,202 | 204,628 | -343 | 230,171 | |
789 |
12,473 | 12,473 | 12,473 | 12,473 | 12,473 | 29,062 | |
9905 |
328,296 | 87,107 | 348,675 | 217,101 | 12,130 | 259,233 | |
| Appropriation of the result | |||||||
9906 |
329,250 | 87,954 | 348,847 | 217,173 | 14,072 | 259,695 | |
14P |
954 | 847 | 173 | 72 | - | 462 | |
691/2 |
68,296 | 37,000 | 198,000 | 67,000 | 14,000 | 107,751 | |
6920 |
- | - | - | 0 | - | - | |
6921 |
68,296 | 37,000 | 198,000 | 67,000 | 14,000 | 107,751 | |
694/7 |
260,000 | 50,000 | 150,000 | 150,000 | - | 150,000 | |
695 |
260,000 | 50,000 | 150,000 | 150,000 | - | 150,000 | |
| Document | |||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-07-2026 | 2026-00313285 | |
| 31-12-2024 | abbreviated format | 17-07-2025 | 2025-00280555 | |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00279889 | |
| 31-12-2022 | abbreviated format | 19-07-2023 | 2023-00250007 | |
| 31-12-2021 | abbreviated format | 25-02-2022 | 2022-06500387 | |
| 31-12-2020 | abbreviated format | 02-07-2021 | 2021-30700499 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 386,286 | 125,271 | 434,920 | 266,613 | 59,698 | 411,728 | ||
| 358,628 | 116,749 | 378,397 | 253,223 | 60,230 | 396,499 | ||
| 3,103 | 0 | 0 | 0 | 1,333 | 1.1m | ||
| -207,286 | 91,946 | -7,079 | 14,712 | 152,560 | - | ||
| 1.0m | 951,260 | 890,099 | 672,870 | 569,657 | 546,577 | ||
| - | - | - | - | - | 13.8% | ||
| 43.4% | 49.6% | 42.6% | 32.8% | 41.0% | 33.7% | ||
| 2.87 | 4.91 | 2.91 | 2.11 | 3.99 | 2.25 | ||
| 1.02 | 1.85 | 2.25 | 1.44 | 2.40 | 0.28 | ||
| 1.26 | 0.96 | 1.28 | 1.96 | 1.34 | 1.86 | ||
| 38.1% | 9.6% | 44.7% | 36.0% | -0.1% | 44.4% | ||
| 16.5% | 4.8% | 19.1% | 11.8% | 0.0% | 14.9% | ||
| over 100 | over 100 | over 100 | over 100 | - | over 100 | ||
| - | - | - | - | - | 8 days | ||
| - | - | - | - | - | 32 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2020 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €60,229 |
Source: notes to the 2020 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2020 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,103 | - | - | - | €1.1m |
| €42,804 | €42,115 | €42,195 | €48,595 | €166,328 |
Source: notes to the 2020 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is over 4.1 times that of 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 47.6% to 54.5%. Equity and debt are higher.
DEVALIN AGRI has no parent and no holdings in its annual accounts.
| DEVALIN
registered office since 20-12-1983 · founded in 1994 |
5.6 FTE (2026) 0453.961.879 |
| DECOENE INVESTMENT COMPANY
registered office since 24-12-2018 · founded in 2018 |
turnover €350,000 (2026) 0716.821.882 |
| OD-Racing
registered office since 02-06-2021 |
founded in 2021 0768.997.489 |
| DEVALIN via PRODECO M&I, no longer at DEVALIN · Managing director · deed of 08-04-2019 founded in 1994 |
5.6 FTE (2026) |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Noordstraat 16 registered office 8560 Wevelgem | |||
| Rue des Artisans 9 4280 Hannut | 14-03-2019 | 2.287.321.960 | Farm - field crops |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34012A0425/02A000 | 7,102 m² | 1 · 4,830 m² | 13.2 m · 2 |
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