DEVAMAT
InactiveOverview
Activity
Activity not known
Size
≈ €1.8mturnover 2021, estimated
- Staff
- 10.6 FTE
- Equity
- €1.8m
- Profit
- €391,231
Turnover estimated from the gross margin
Financial health
Inactive: no score
Structure
2 of 5 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 14-07-2022, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2021
17 days early
2020
16 days early
2019
68 days late
2018
29 days late
2017
12 days early
2016
5 days early
2015
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 6 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Searched, nothing found (1)
- Restructuring · End & cessationAuditor report · Merger ·…
- Annual accounts filedfinancial year 2021 · abbreviated…
- Restructuring · MiscellaneousPermanent representatives: lgnace Degezelle and…
Financials · financial year 2021, abbreviated format
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
≈ €1.8m
Estimated: probably between €1.2m and €3.0m
Total assets
€2.0m▼ 20.9%
2020 · €2.5m
Net result
€391,231▲ 179%
2020 · €139,978
Working capital
€1.8m▲ 34.5%
2020 · €1.4m
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
After the dip in 2019 the operating result has climbed two years in a row; 2021 is over 5.1 times 2020 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.4m
2021
Net result€0.4m
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.0m
2021
Equity€1.8m
2021
Debt€0.2m
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.8m
2021
Average staff in full-time equivalents (FTE).
Staff (FTE)10.6
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result-€0.07m--€0.1m▼ 55.1%€0.08m€0.4m▲ 414%
Net result€0.04m-€0.007m▼ 82.2%€0.1m▲ 20×€0.4m▲ 179%
Equity€1.5m-€1.4m▼ 7.9%€1.5m▲ 4.2%€1.8m▲ 25.2%
Total assets€2.5m-€2.4m▼ 3.4%€2.5m▲ 4.9%€2.0m▼ 20.9%
Debt€1.0m-€1.0m▲ 3.7%€1.1m▲ 5.8%€0.2m▼ 84.7%
Working capital€0.8m-€1.0m▲ 32.4%€1.4m▲ 30.8%€1.8m▲ 34.5%
Staff (FTE)9.5-9.1▼ 4.2%9.6▲ 5.5%10.6▲ 10.4%
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2.0m
Fixed assets
€135 ▼ 99.9%
Current assets
€2.0m ▼ 17.6%
Equity and liabilities €2.0m
Equity
€1.8m ▲ 25.2%
Debt
€162,115 ▼ 84.7%
Debt's share of the balance-sheet total falls from 42.0% to 8.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€484,290▲
2020 · €339,414
Cash flow
€489,724▲
2020 · €404,386
Current ratio
12.27▲
2020 · 2.29
Debt to equity
0.09
ROE
21.4%▲
2020 · 9.6%
ROA
19.7%▲
2020 · 5.6%
Interest coverage
27.49
Debt ≤ 1 year
€162,115▼
2020 · €1.1m
Staff costs
€567,449
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.03m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.6m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.3m | €0.1m | ▼ 62.7% |
| Other operating charges640/8 | - | - | - | €0.001m | - |
| Non-recurring operating charges66A | - | - | - | €0.001m | - |
| Gross operating margin9900 | €0.8m | €0.8m | €0.8m | €1.1m | ▲ 32.6% |
| Operating profit (loss)9901 | -€0.07m | -€0.1m | €0.08m | €0.4m | ▲ 414% |
| Financial income75/76B | - | - | - | €0.02m | - |
| Recurring financial income75 | €0.1m | €0.1m | €0.08m | €0.02m | ▼ 71.8% |
| Financial charges65/66B | - | - | - | €0.02m | - |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 4.7% |
| Profit (loss) for the period before taxes9903 | €0.04m | €0.007m | €0.1m | €0.4m | ▲ 179% |
| Income taxes67/77 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €0.04m | €0.007m | €0.1m | €0.4m | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.003m | €0.1m | €0.4m | ▲ 179% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.5m | €2.4m | €2.5m | €2.0m | ▼ 20.9% |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €0.7m | €0.4m | €0.1m | €135 | ▼ 99.9% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €0.7m | €0.4m | €0.1m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0 | - |
| Furniture and vehicles24 | - | - | - | €0 | - |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €1.7m | €2.0m | €2.4m | €2.0m | ▼ 17.6% |
| Stocks and contracts in progress3 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.2m | €1.4m | €1.1m | €1.3m | ▲ 19.1% |
| Trade receivables40 | - | - | - | €0.4m | - |
| Other amounts receivable41 | - | - | - | €0.9m | - |
| Current investments50/53 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €1.3m | €0.7m | ▼ 47.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.5m | €2.4m | €2.5m | €2.0m | ▼ 20.9% |
| Equity10/15 | €1.5m | €1.4m | €1.5m | €1.8m | ▲ 25.2% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | - |
| Reserves13 | €0.2m | €0.2m | €0.4m | €0.8m | ▲ 107% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | - |
| Reserves not available under the articles1311 | - | - | - | €0.01m | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | - |
| Distributable reserves133 | - | - | - | €0.7m | - |
| Profit (loss) carried forward14 | €0 | - | - | - | - |
| Investment grants15 | - | - | - | €1.0m | - |
| Amounts payable17/49 | €1.0m | €1.0m | €1.1m | €0.2m | ▼ 84.7% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €1.1m | €0.2m | ▼ 84.7% |
| Trade debts44 | €0.04m | €0.04m | €0.07m | €0.03m | ▼ 51.7% |
| Suppliers440/4 | - | - | - | €0.03m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | - |
| Taxes450/3 | - | - | - | €0.1m | - |
| Remuneration and social security454/9 | - | - | - | €0.02m | - |
| Other amounts payable47/48 | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,759 | €6,905 | €139,978 | €391,231 | ▲ 179% |
| + Depreciation and write-downs630 | €377,242 | €373,792 | €264,408 | €98,492 | ▼ 62.7% |
| Operating cash flow (approximation) | €416,001 | €380,696 | €404,386 | €489,724 | ▲ 21.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €1,829 | - |
| Change in cash | - | €68,358 | €736,601 | -€633,197 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | abbreviated format | 14-07-2022 | 2022-20185433 |
| 31-12-2020 | abbreviated format | 15-07-2021 | 2021-37200262 |
| 31-12-2019 | abbreviated format | 07-10-2020 | 2020-59600186 |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56900121 |
| 31-12-2017 | abbreviated format | 19-07-2018 | 2018-35200596 |
| 31-12-2016 | abbreviated format | 26-07-2017 | 2017-37000120 |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-38200174 |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-52100019 |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-56400447 |
| 31-12-2012 | abbreviated format | 28-08-2013 | 2013-47300474 |
Subsidies and aid
Flemish government
2022 · 1 entry · €617 awarded · €617 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 2 of 5 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
No directors read yet: 2 of 5 Gazette acts processed.
Acquisitions and mergers
1 transactionTaken over by:Devagro Aannemingen
History
Acts, filings and financial milestones
2022
19-09
Gazette deed
Restructuring · End & cessationAuditor report · Merger · Accounting effect24 facts ▸
Gazette deed
Restructuring · End & cessation
Auditor report · Merger · Accounting effect24 facts ▸
- General meeting, 25-08-2022
- Other provision, “agenda en opschortende voorwaarde, besluiten onder opschortende voorwaarde van goedkeuring fusievoorstel door BAV andere over te nemen vennootschap” (deed in Dutch)
- Other provision, “de overgenomen vennootschap, hoedanigheid overgenomen vennootschap” (deed in Dutch)
- Other provision, “fusievoorstel behandeling, artikel 12:28 §1,1e lid WVV” (deed in Dutch)
- Other provision, “fusievoorstel opgesteld door bestuursorganen per artikel 12:24 WVV, artikel 12:28 §2 WVV” (deed in Dutch)
- Other provision, “jaarstukken en verslagen, 3 boekjaren” (deed in Dutch)
- Other provision, “bestuursverslagen en tussentijdse cijfers”, 31-03-2022 (deed in Dutch)
- Auditor report, “artikel 7:197 §1 tweede lid juncto 7:179 §1 tweede lid WVV, inbaarheid openstaande vorderingen subsidies onzeker” (deed in Dutch)
- Other provision, 24-08-2022
- Other provision, “verzakingen, tussen opstelling fusievoorstel en laatste AV tot fusiebesluit” (deed in Dutch)
- Other provision, “artikel 12:30 §3 WVV, geen soorten aandelen of effecten” (deed in Dutch)
- Merger, “fusie door overneming, artikel 12:30 WVV” (deed in Dutch)
- +12 further facts in this act
14-07
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
28-06
Gazette deed
Restructuring · MiscellaneousPermanent representatives: lgnace Degezelle and Ignace Degezelle · Merger · Accounting effect18 facts ▸
Gazette deed
Restructuring · Miscellaneous
Permanent representatives: lgnace Degezelle and Ignace Degezelle · Merger · Accounting effect18 facts ▸
- Merger, “fusie door overneming, gehele vermogen,zowel rechten als verplichtingen,gaat over op overnemende vennootschap;ontbinding zonder vereffening van over te nemen ve…” (deed in Dutch) (2 times)
- Director in office, NV Devatran (director)
- Permanent representative, lgnace Degezelle
- Director in office, Ignace Degezelle (director)
- Director in office, Marleen Vanden Buverie (director)
- Director in office, DEVATMAT (sole director)
- Permanent representative, Ignace Degezelle
- Other provision, “aanduiding als over te nemen vennootschap 2 en gezamenlijke verwijzing, over te nemen vennootschappen” (deed in Dutch)
- Other provision, “raad van bestuur van de overnemende vennootschap, zetel van de overnemende vennootschap” (deed in Dutch)
- Other provision, “winstdeelname van nieuw uitgereikte aandelen”, 01-04-2022 (deed in Dutch)
- Other provision, “bijzondere regeling winstdeelname” (deed in Dutch)
- Accounting effect, 01-04-2022
- +6 further facts in this act
2021
31-12
Financial
Highest result from 2018 to 2021net €391,231 ▲179%
Operating result €385,797, net result €391,231, both a record.
31-12
Financial
Liquidity more than 5 timescurrent ratio 12.27
Current ratio from 2.29 to 12.27; short-term debt falls from €1.1m to €162,115.
15-07
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
2020
07-10
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format · 68 days late
2019
31-12
Financial
Weakest financial yearnet €6,905 ▼82.2%
Net result drops to €6,905, the lowest in the series.
29-08
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format · 29 days late
2018
19-07
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
26-07
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
2016
29-07
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format
Show earlier events
2015
28-08
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 28 days late
2014
29-08
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format · 29 days late
2013
28-08
NBB filing
Annual accounts filed
financial year 2012 · abbreviated format · 28 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all 11 are under Financials.
2 of 5 deeds read
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Inactive
Absorbed by Devagro Aannemingen in September 2022
DEVAMAT is no longer in the KBO register: Devagro Aannemingen took it over in a merger by absorption, published in the Belgian Official Gazette on 19 September 2022.
- Status
- Inactive
- Reason
- Merger by absorptionBelgian Official Gazette, 19 September 2022 · act
- Absorbed by
- Devagro Aannemingen · 0437.460.397
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Pitantiestraat 100, 8792 Desselgemas published on 19 September 2022
- Legal form
- Private limited company (pre-2019)
- Active since
- 2011 (first annual accounts)
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 19-09-2022
Read from the deeds: 1 provision, deed of 19-09-2022