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Devamec

Active
Private limited companyfounded 20241 yr activeSnellegemsestraat 15, 8210 Zedelgem, BelgiumKBO/BCE: BE 1017.486.151
Summary

Devamec has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,178 and a net result of €29,178. Its solvency ranks better than 58% of 447 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Financials · fiscal year 2025, micro schema

Equity
€30,178
Total assets
€48,747
Net result
€29,178
Working capital
€13,113

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €48,747
Fixed assets €18,852
Current assets €29,895
Equity and liabilities €48,747
Equity €30,178
Debt €18,568
Debt finances 38.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€43,002
Cash flow
€35,270
Current ratio
1.78
Debt to equity
0.62
ROE
96.7%
ROA
59.9%
Interest coverage
259.39
Debt ≤ 1 year
€16,781
Income taxes
€7,615

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,280 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€48,747
Fixed assets21/28€18,852
Tangible fixed assets22/27€18,852
Plant, machinery and equipment23€7,546
Furniture and vehicles24€11,307
Current assets29/58€29,895
Amounts receivable within one year40/41€16,366
Trade receivables40€16,366
Cash at bank and in hand54/58€10,841
Deferred charges and accrued income490/1€2,688
Equity and liabilities
Total equity and liabilities10/49€48,747
Equity10/15€30,178
Contributions10/11€1,000
Profit (loss) carried forward14€29,178
Amounts payable17/49€18,568
Amounts payable within one year42/48€16,781
Trade debts44€5,914
Suppliers440/4€5,914
Taxes, remuneration and social security45€8,570
Taxes450/3€8,570
Other amounts payable47/48€2,297
Accrued charges and deferred income492/3€1,787
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,091
Other operating charges640/8€3,759
Gross operating margin9900€46,761
Operating profit (loss)9901€36,910
Financial income75/76B€48
Recurring financial income75€48
Financial charges65/66B€166
Recurring financial charges65€166
Profit (loss) for the period before taxes9903€36,793
Income taxes67/77€7,615
Profit (loss) for the period9904€29,178
Profit (loss) for the period to be appropriated9905€29,178
Appropriation of the result
Profit (loss) to be appropriated9906€29,178

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,091
Other operating charges640/8€3,759
Gross operating margin9900€46,761
Operating profit (loss)9901€36,910
Financial income75/76B€48
Recurring financial income75€48
Financial charges65/66B€166
Recurring financial charges65€166
Profit (loss) for the period before taxes9903€36,793
Income taxes67/77€7,615
Profit (loss) for the period9904€29,178
Profit (loss) for the period to be appropriated9905€29,178
Line2025
Assets
Total assets20/58€48,747
Fixed assets21/28€18,852
Tangible fixed assets22/27€18,852
Plant, machinery and equipment23€7,546
Furniture and vehicles24€11,307
Current assets29/58€29,895
Amounts receivable within one year40/41€16,366
Trade receivables40€16,366
Cash at bank and in hand54/58€10,841
Deferred charges and accrued income490/1€2,688
Equity and liabilities
Total equity and liabilities10/49€48,747
Equity10/15€30,178
Contributions10/11€1,000
Profit (loss) carried forward14€29,178
Amounts payable17/49€18,568
Amounts payable within one year42/48€16,781
Trade debts44€5,914
Suppliers440/4€5,914
Taxes, remuneration and social security45€8,570
Taxes450/3€8,570
Other amounts payable47/48€2,297
Accrued charges and deferred income492/3€1,787
Line2025
Profit (loss) for the period9904€29,178
+ Depreciation and write-downs630€6,091
Operating cash flow (approximation)€35,270

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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