DEVALO
Annual accounts 2025
financial year from 01-07-2023 to 31-05-2025, 23 months, micro format, filed on 05-12-2025, 26 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €700,000. Estimated: probably between €490,000 and €1.0m.
Balance sheet
balance sheet total €818,605 on 31-05-2025in €m
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 202523 months | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
818,605 | 1.2m | 1.1m | 534,176 | 548,038 | 568,995 | 576,938 | 590,858 | 607,001 | 648,909 | 594,191 | 614,706 | 639,963 | 659,102 | 674,510 | 700,363 | 692,176 | 726,693 | |
21/28 |
57,779 | 145,379 | 197,739 | 320,104 | 344,744 | 375,362 | 407,756 | 416,925 | 423,334 | 453,266 | 469,089 | 483,981 | 521,514 | 559,048 | 537,265 | 569,607 | 592,795 | 592,700 | |
22/27 |
52,319 | 125,746 | 178,105 | 300,471 | 325,111 | 355,728 | 388,123 | 397,292 | 403,701 | 433,632 | 449,456 | 464,348 | 501,881 | 539,414 | 517,632 | 549,974 | 573,162 | 573,067 | |
22 |
52,319 | 125,746 | 178,105 | 300,471 | 325,111 | 355,728 | 387,374 | 395,794 | 401,454 | 433,632 | 449,456 | 464,348 | 501,712 | 539,077 | 517,126 | 549,047 | 571,288 | 571,535 | |
23 |
- | - | - | - | - | - | 749 | 1,498 | 2,247 | - | - | - | 169 | 337 | 506 | 927 | 1,874 | 1,532 | |
28 |
5,460 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | 19,633 | |
29/58 |
760,827 | 1.1m | 907,059 | 214,071 | 203,294 | 193,634 | 169,181 | 173,932 | 183,666 | 195,644 | 125,103 | 130,725 | 118,449 | 100,054 | 137,245 | 130,756 | 99,381 | 133,992 | |
40/41 |
129,530 | 85,926 | 492,655 | 3,271 | - | - | 46 | 46 | 46 | 36 | 24,750 | 30,000 | 30,000 | 520 | - | 699 | - | 395 | |
40 |
- | 2,743 | 492,127 | 2,743 | - | - | - | - | - | - | - | - | - | 520 | - | 699 | - | 146 | |
41 |
129,530 | 83,183 | 528 | 528 | - | - | 46 | 46 | 46 | 36 | 24,750 | 30,000 | 30,000 | - | - | - | - | 249 | |
50/53 |
631,297 | 1.0m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
- | - | 414,404 | 210,801 | 203,294 | 193,634 | 169,135 | 173,886 | 183,620 | 195,608 | 100,353 | 96,744 | 87,149 | 93,576 | 137,245 | 130,057 | 98,156 | 133,597 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | 3,981 | 1,300 | 5,958 | - | - | 1,225 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
818,605 | 1.2m | 1.1m | 534,176 | 548,038 | 568,995 | 576,938 | 590,858 | 607,001 | 648,909 | 594,191 | 614,706 | 639,963 | 659,102 | 674,510 | 700,363 | 692,176 | 726,693 | |
10/15 |
818,324 | 1.2m | 942,574 | 496,138 | 510,115 | 531,543 | 538,234 | 544,966 | 551,696 | 578,734 | 479,954 | 486,467 | 507,480 | 528,271 | 539,951 | 549,713 | 547,168 | 565,826 | |
10/11 |
150,001 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | |
100 |
- | - | - | - | - | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | 749,927 | |
13 |
668,323 | 443,957 | 192,647 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | |
130/1 |
- | - | 760 | 760 | 760 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | 760 | |
1311 |
- | - | 760 | 760 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | 760 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
668,323 | 443,957 | 191,887 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
- | - | - | -254,549 | -240,572 | -219,144 | -212,453 | -205,721 | -198,992 | -171,953 | -270,733 | -264,220 | -243,207 | -222,416 | -210,737 | -200,974 | -203,520 | -184,861 | |
17/49 |
281 | 41,419 | 162,223 | 38,037 | 37,923 | 37,452 | 38,703 | 45,892 | 55,305 | 70,175 | 114,238 | 128,239 | 132,483 | 130,831 | 134,560 | 150,650 | 145,008 | 160,866 | |
42/48 |
281 | 41,072 | 161,876 | 37,690 | 37,468 | 37,452 | 38,703 | 45,892 | 55,305 | 70,175 | 114,238 | 128,239 | 132,483 | 130,831 | 134,560 | 150,650 | 145,008 | 160,866 | |
42 |
- | 37,452 | 37,452 | 37,452 | 37,452 | - | - | - | - | - | 104,884 | 109,810 | 113,820 | 114,715 | 114,602 | 114,602 | 116,983 | 115,927 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 349 | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 349 | - | - | - | - | - | |
44 |
- | 2,844 | 60 | 222 | 16 | - | 1,811 | - | 677 | - | 931 | 182 | 1,271 | 276 | - | - | - | - | |
440/4 |
- | 2,844 | 60 | 222 | 16 | - | 1,811 | - | 677 | - | 931 | 182 | 1,271 | 276 | - | - | - | - | |
45 |
- | - | 124,347 | - | - | - | - | - | - | - | 8,423 | 8,423 | 7,220 | 6,017 | 4,813 | 8,673 | 7,469 | 6,241 | |
450/3 |
- | - | - | - | - | - | - | - | - | - | 8,423 | 8,423 | 7,220 | 6,017 | 4,813 | 8,673 | 7,469 | 6,241 | |
454/9 |
- | - | 124,347 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
281 | 776 | 16 | 16 | - | 37,452 | 36,892 | 45,892 | 54,628 | 70,175 | - | 9,823 | 9,823 | 9,823 | 15,144 | 27,375 | 20,556 | 38,698 | |
492/3 |
- | 348 | 348 | 348 | 455 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
76A |
334,721 | - | 594,783 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
350,686 | -2,109 | 598,488 | 18,146 | 16,144 | 26,614 | 36,630 | 30,586 | 23,745 | 136,392 | 27,863 | 27,699 | 28,578 | 35,490 | 27,684 | 45,596 | 22,615 | 13,554 | |
60/61 |
- | - | - | - | - | 17,053 | 17,572 | 17,671 | 32,870 | 19,983 | 18,276 | 14,079 | 15,551 | 8,119 | 15,116 | 13,846 | 10,010 | 13,833 | |
630 |
8,148 | 9,464 | 17,149 | 24,640 | 30,618 | 32,395 | 32,395 | 31,874 | 29,932 | 29,932 | 29,002 | 37,533 | 37,533 | 37,999 | 32,342 | 33,470 | 32,442 | 28,826 | |
640/8 |
4,910 | 6,696 | 11,140 | 9,161 | 7,497 | 2,188 | 12,626 | 6,232 | 5,386 | 5,616 | 5,695 | 4,552 | 8,472 | 5,506 | 5,686 | 6,366 | 4,454 | 5,213 | |
9901 |
337,627 | -18,269 | 570,200 | -15,654 | -21,971 | -7,969 | -8,390 | -7,521 | -11,573 | 100,845 | -6,834 | -14,387 | -17,428 | -8,014 | -10,344 | 5,760 | -14,281 | -20,485 | |
75/76B |
11,212 | 388,064 | 960 | 1,760 | 279 | 1,203 | 2,054 | 1,416 | 318 | 116 | 439 | 736 | 4,473 | 5,168 | 8,906 | 4,916 | 4,276 | 4,582 | |
75 |
11,212 | 960 | 960 | 1,760 | 279 | 1,203 | 2,054 | 1,416 | 318 | 116 | 439 | 736 | 4,473 | 5,168 | 8,906 | 4,916 | 4,276 | 4,582 | |
76B |
- | 387,104 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
14,341 | 92 | 89 | 83 | 95 | 134 | 155 | 250 | 15,784 | 1,156 | 163 | 8,188 | 8,183 | 8,249 | 8,246 | 8,259 | 8,444 | 8,502 | |
65 |
167 | 92 | 89 | 83 | 95 | 134 | 155 | 250 | 15,784 | 1,156 | 163 | 8,188 | 8,183 | 8,249 | 8,246 | 8,259 | 8,444 | 8,502 | |
66B |
14,173 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
334,498 | 369,703 | 571,071 | -13,977 | -21,788 | -6,901 | -6,491 | -6,355 | -27,039 | 99,805 | -6,558 | -21,839 | -21,138 | -11,096 | -9,684 | 2,418 | -18,449 | -24,405 | |
67/77 |
110,132 | 117,633 | 124,635 | - | -360 | -210 | 241 | 375 | - | 1,024 | -45 | -825 | -347 | 584 | 78 | -128 | 209 | 278 | |
9904 |
224,366 | 252,070 | 446,436 | -13,977 | -21,428 | -6,691 | -6,732 | -6,730 | -27,039 | 98,781 | -6,513 | -21,014 | -20,791 | -11,679 | -9,762 | 2,545 | -18,659 | -24,683 | |
9905 |
224,366 | 252,070 | 446,436 | -13,977 | -21,428 | -6,691 | -6,732 | -6,730 | -27,039 | 98,781 | -6,513 | -21,014 | -20,791 | -11,679 | -9,762 | 2,545 | -18,659 | -24,683 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
224,366 | 252,070 | 191,887 | -254,549 | -240,572 | -219,144 | -212,453 | -205,721 | -198,992 | -171,953 | -270,733 | -264,220 | -243,207 | -222,416 | -210,737 | -200,974 | -203,520 | -184,861 | |
14P |
- | - | -254,549 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 760 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
224,366 | 252,070 | 191,887 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
224,366 | 252,070 | 191,887 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | 760 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | 760 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The accounts for 16 older financial years (1991-2006) were filed as documents without figures as data, scans for example.
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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 05-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-05-2025 | micro format | 05-12-2025 | 2025-00577214 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00026886 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00023343 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-04000367 | |
| 30-06-2020 | micro format | 16-02-2021 | 2021-05400330 | |
| 30-06-2019 | micro format | 17-12-2019 | 2019-76300204 | |
| 30-06-2018 | micro format | 21-11-2018 | 2018-72600375 | |
| 30-06-2017 | abbreviated format | 04-12-2017 | 2017-71100121 | |
| 30-06-2016 | abbreviated format | 22-11-2016 | 2016-68200453 | |
| 30-06-2015 | abbreviated format | 16-10-2015 | 2015-65000162 | |
| 30-06-2014 | abbreviated format | 08-12-2014 | 2014-68600600 | |
| 30-06-2013 | abbreviated format | 20-12-2013 | 2013-69600222 | |
| 30-06-2012 | abbreviated format | 19-12-2012 | 2012-67200254 | |
| 30-06-2011 | abbreviated format | 23-12-2011 | 2011-65100435 | |
| 30-06-2010 | abbreviated format | 13-12-2010 | 2010-63100420 | |
| 30-06-2009 | abbreviated format | 05-01-2010 | 2010-00400255 | |
| 30-06-2008 | abbreviated format | 14-01-2009 | 2009-01100338 | |
| 30-06-2007 | abbreviated format | 07-01-2008 | 2008-00800199 | |
| 30-06-2006 | abbreviated format | 22-12-2006 | 2006-92800398 | |
| 30-06-2005 | abbreviated format | 23-12-2005 | 2005-91303872 | |
| 30-06-2004 | abbreviated format | 23-12-2004 | 2004-87503655 | |
| 30-06-2003 | abbreviated format | 09-02-2004 | 2004-04102605 | |
| 30-06-2002 | abbreviated format | 16-12-2002 | 2002-76804552 | |
| 30-06-2001 | abbreviated format | 18-01-2002 | 2002-01804698 | |
| 30-06-2000 | abbreviated format | 01-03-2001 | 2001-05403306 | |
| 30-06-1999 | abbreviated format | 17-03-2000 | 2000-06700175 | |
| 30-06-1998 | abbreviated format | 17-03-2000 | 2000-06700187 | |
| 30-06-1997 | abbreviated format | 17-03-2000 | 2000-06700199 | |
| 30-06-1996 | abbreviated format | 30-12-1996 | 1996-55103546 | |
| 30-06-1995 | abbreviated format | 14-12-1995 | 1995-59802836 | |
| 30-06-1994 | abbreviated format | 28-12-1994 | 1994-51501260 | |
| 30-06-1993 | abbreviated format | 20-04-1994 | 1994-06600038 | |
| 30-06-1992 | abbreviated format | 28-02-1994 | 1994-03200915 | |
| 30-06-1991 | abbreviated format | 23-11-1992 | 1992-38504956 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 202523 months | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 345,775 | -8,805 | 587,348 | 8,985 | 8,646 | 24,425 | 24,005 | 24,354 | 18,359 | 130,777 | 22,168 | 23,147 | 20,106 | 29,984 | 21,998 | 39,230 | 18,161 | 8,341 | ||
| 232,514 | 261,534 | 463,585 | 10,662 | 9,190 | 25,703 | 25,663 | 25,145 | 2,893 | 128,712 | 22,489 | 16,520 | 16,743 | 26,319 | 22,579 | 36,015 | 13,783 | 4,143 | ||
| -79,452 | -42,896 | -105,217 | 0 | 0 | 0 | 23,225 | 25,466 | 0 | 14,108 | 14,110 | 0 | 0 | 59,781 | 0 | 10,282 | 32,536 | 48,859 | ||
| - | - | 203,604 | 7,506 | 9,660 | 24,498 | -4,751 | -9,734 | -11,988 | 95,255 | 3,609 | 9,594 | -6,427 | -43,669 | 7,188 | 31,901 | -35,441 | - | ||
| 760,545 | 1.0m | 745,183 | 176,381 | 165,826 | 156,182 | 130,478 | 128,041 | 128,361 | 125,469 | 10,865 | 2,486 | -14,034 | -30,777 | 2,685 | -19,894 | -45,627 | -26,874 | ||
| 100.0% | 96.6% | 85.3% | 92.9% | 93.1% | 93.4% | 93.3% | 92.2% | 90.9% | 89.2% | 80.8% | 79.1% | 79.3% | 80.2% | 80.1% | 78.5% | 79.1% | 77.9% | ||
| - | 26.54 | 5.60 | 5.68 | 5.43 | 5.17 | 4.37 | 3.79 | 3.32 | 2.79 | 1.10 | 1.02 | 0.89 | 0.76 | 1.02 | 0.87 | 0.69 | 0.83 | ||
| 0.00 | 0.03 | 0.17 | 0.08 | 0.07 | 0.07 | 0.07 | 0.08 | 0.10 | 0.12 | 0.24 | 0.26 | 0.26 | 0.25 | 0.25 | 0.27 | 0.27 | 0.28 | ||
| 27.4% | 21.1% | 47.4% | -2.8% | -4.2% | -1.3% | -1.3% | -1.2% | -4.9% | 17.1% | -1.4% | -4.3% | -4.1% | -2.2% | -1.8% | 0.5% | -3.4% | -4.4% | ||
| 27.4% | 20.4% | 40.4% | -2.6% | -3.9% | -1.2% | -1.2% | -1.1% | -4.5% | 15.2% | -1.1% | -3.4% | -3.2% | -1.8% | -1.4% | 0.4% | -2.7% | -3.4% | ||
| over 100 | -95.50 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | 38 days | - | 8 days | - | 19 days | 5 days | 30 days | 12 days | - | - | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €818,605, equity €818,324).
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.
Insights on DEVALO
The operating result for 2025 is €337,627, against a loss of €18,269 in 2023. Comparable figures for the intervening years are unavailable.
Debt's share of the balance-sheet total falls from 3.4% to 0.0%. Equity and debt are lower.