Result
€949,619 ▲ 14×
The result rose in 2025: branch received from BV Degezelle Vastgoed.
Devagro Beton & Recyclage
Lifetime
18 annual accounts with figures on one time axis, 24 filings since 2001peak €6.7m (2008)
-not published
lowest -€582 (2021)
€949,619▲ 14×
peak €8.9m (2025)
€8.9m▲ 93.2%
€22.7m▲ 31.3%
peak 28.5 FTE (2025)
28.5 FTE▲ 307%
Board10 names since 2018
5 directorsXavier Degezelle and 4 others
Owners4 names in the annual accounts
81%DEVATRAN
Documentsfilings and deeds
02-02-20262 days late
2025abbreviated format
Gross margin from €716,002 to €3.8mResult from €70,075 to €949,619Staff from 7 FTE to 28.5 FTEDemerger: Devagro Beton & Recyclage Desselgem splits off to D… 06-02Equity from €4.6m to €8.9mDebts from €17.3m to €22.7m
Key points
from the 2025 annual accountsDebts
€22.7m 72% of the balance sheet
Financial debts 2%Suppliers 42%Taxes and wages 1%Other 56%
€463,552 of the debts are secured on the company's own assets.
Investments
€14.2m 11.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 1056.7% higher than in 2024.
Liquidity
2.26 was 1.14 in 2024
Short-term debts fell from €17.2m to €11.7m.
Restructuring
2
2 restructurings since 2025. Latest: branch taken over from BV Degezelle Vastgoed.
Position in the sector
€949,619
Higher net result than 95% of companies in warehousing and transport support. Sector median €31,692 · 887 companies.
2025 accounts filed 2 days after the deadline
Checked score
92
Excellent
Financially stronger than 58% of small companies in warehousing and transport support (NACE 52)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 596 companies (NACE 52, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.7%▲ +0.5 percentage points vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.8%▲ +0.1 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.9%▲ +0.1 percentage points vs 11-2025
01-2026: 1.2%▲ +0.3 percentage points vs 12-2025
02-2026: 1.9%▲ +0.7 percentage points vs 01-2026highest value
03-2026: 0.1%▼ -1.8 percentage points vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Warehousing and support activities for transportation (NACE 52)
lowers risk
Size: 28.5 FTE, total assets €31.6m
Founded in 2000
Legal form: public limited company
Calculation
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 52, small). It does better than 42% of them on solvency, 44% on liquidity, 53% on profitability and 94% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-06-2025.
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).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as Devagro Beton & Recyclage has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of Devagro Beton & Recyclage itself: 0.2% within 12 months.
Test of the method
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 4,685 companies, not a prediction for Devagro Beton & Recyclage. 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.
Credit verdict
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.26 (1.14 in 2024), above the usual 1.5. Short-term debt is 37% and cash 8.3% of total assets. However, 71.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 days late
2024
42 days early
2023
on the day
2022
12 days early
2021
73 days early
2020
3 days early
2019
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 19 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0472011601
Demerger: Devagro Beton & Recyclage Desselgem splits off to Devagro Beton & Recyclage Harelbeke
Company renamed to Devagro Beton & Recyclage · Capital increase of €161,000 to €361,000 · New name: Devagro Beton & Recyclage · General meeting of 10-01-2025 · Gazette deed
2 establishments registered
Waregem
Demerger proposal: Devagro Beton & Recyclage Desselgem splits off to Devagro Beton & Recyclage Harelbeke
Permanent representative: Marleen Vanden Buverie · Share issue: €161 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Devagro Beton & Recyclage Waregem | €31.6m | €3.8m | 28.2% | 28.5 |
| 2PG GROUP Kuurne | €43.0m | €4.4m | 25.2% | 57.8 |
| LIMBURGS LOGISTIEK PLATFORM Mol | €11.7m | €4.5m | 63.7% | 37.2 |
| WALGOED Temse | €10.4m | €2.6m | 38.2% | 29.6 |
| MB MANUTENTION Thimister-Clermont | €14.0m | €4.6m | 20.5% | 32.6 |
| GWS Zoersel | €9.4m | €3.9m | 42.4% | 22.2 |
| Kempisch Logistiek Platform Mol | €6.9m | €2.3m | 95.3% | 20 |
These companies have the same main activity as Devagro Beton & Recyclage: warehousing and support activities for transportation (NACE 52249). They are comparable in size and age: total assets between €6.9m and €43m, founded between 1990 and 2014.
Official details
Source: KBO- Status
- Active since 30-05-2000Normal situation
- Registered office
- 14 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Warehousing and support activities for transportationNACE 52249and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 30-06-2024
- Establishment units
- 2.099.807.3028530 Harelbeke, since 04-10-2000
- 2.329.882.3928792 Waregem, since 01-04-2022and 2 others
- Financial year end
- 30 June
- Peppol
- Reachable since 18-11-2025
Insights on Devagro Beton & Recyclage
Solvency rose in 2025 from 21.1% to 28.2% because of the retained profit and a capital increase.
DEVATRAN holds 81% of the shares. In April 2023, the Official Gazette published the appointment of Xavier Degezelle as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Devagro Beton & Recyclage
- What is the company number of Devagro Beton & Recyclage?
- The company number of Devagro Beton & Recyclage is 0472.011.601. The VAT number is the same number with BE in front: BE 0472.011.601.
- Where is Devagro Beton & Recyclage based?
- The registered office is at Pitantiestraat 100, 8792 Waregem.Company details
- What does Devagro Beton & Recyclage do?
- According to the KBO register, the main activity is warehousing and support activities for transportation (NACE 52249).
- What is the legal form of Devagro Beton & Recyclage?
- Devagro Beton & Recyclage is a public limited company (NV).
- When was Devagro Beton & Recyclage founded?
- Devagro Beton & Recyclage was founded on 30-05-2000.
- Is Devagro Beton & Recyclage still active?
- Yes, Devagro Beton & Recyclage is an active enterprise in the KBO register.
- How many employees does Devagro Beton & Recyclage have?
- Devagro Beton & Recyclage had an average of 28.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Devagro Beton & Recyclage fall under?
- In its 30-06-2024 annual accounts, Devagro Beton & Recyclage states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of Devagro Beton & Recyclage?
- The turnover in financial year 2025 is ≈ €6.5m. This figure is estimated from the gross margin of €3.8m and 1,585 comparable companies of the same size. It probably lies between €4.4m and €11.0m. It is a rough estimate.
- Is Devagro Beton & Recyclage profitable?
- In financial year 2025, Devagro Beton & Recyclage made a profit of €949,619.
- Where can I find the annual accounts of Devagro Beton & Recyclage?
- Devagro Beton & Recyclage filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Devagro Beton & Recyclage due?
- Devagro Beton & Recyclage must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.