DEVAMO
ActiveSummary
DEVAMO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.1m and a net result of -€42,576. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 92% of 9268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-12
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800,000 at 30 days acceptable
Liquidity ample (current ratio 4.48 against 3.55 in 2024; short-term debt: 7% and cash: 0.9% of total assets), and 7.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.9%
Return on assets
-0.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
15 d early
2023
43 d early
2022
3 d early
2021
23 d early
2020
on the day
2019
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€11.1m▲ 22.2%
2024 · €9.1m
Total assets
€12.0m▲ 14.1%
2024 · €10.5m
Net result
-€42,576
2024 · €2.0m
Working capital
€2.9m▲ 4.4%
2024 · €2.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€18,278€37,632▲ 106%€16,858▼ 55.2%-€89,512-€142,680▼ 59.4%
Net result€3,066€18,023▲ 488%€5,719▼ 68.3%€2.0m▲ 34,147%-€42,576
Equity€6.0m▲ 0.1%€6.0m▲ 0.3%€6.0m▲ 0.1%€9.1m▲ 51.6%€11.1m▲ 22.2%
Total assets€7.4m▼ 3.1%€7.3m▼ 2.0%€7.0m▼ 3.1%€10.5m▲ 49.3%€12.0m▲ 14.1%
Debt€1.4m▼ 14.1%€1.3m▼ 11.7%€1.0m▼ 18.3%€1.4m▲ 35.9%€847,972▼ 39.1%
Working capital€1.7m▼ 8.9%€1.1m▼ 32.8%€933,797▼ 16.9%€2.8m▲ 199%€2.9m▲ 4.4%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €142,680 in 2025 against €89,512 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.0m
Fixed assets
€8.2m ▲ 24.4%
Current assets
€3.8m ▼ 3.5%
Equity and liabilities €12.0m
Equity
€11.1m ▲ 22.2%
Debt
€847,972 ▼ 39.1%
Debt's share of the balance-sheet total falls from 13.3% to 7.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62,286▲
2024 · €36,363
Cash flow
€162,390▼
2024 · €2.1m
Current ratio
4.48▲
2024 · 3.55
Quick ratio
4.46▲
2024 · 3.54
Debt to equity
0.08▼
2024 · 0.15
ROE
-0.4%▼
2024 · 21.5%
ROA
-0.4%▼
2024 · 18.6%
Interest coverage
4.33▲
2024 · 2.88
Debt ≤ 1 year
€837,198▼
2024 · €1.1m
Debt > 1 year
€0▼
2024 · €277,932
Income taxes
€0▼
2024 · €4,460
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €121,415 | €99,117 | €97,589 | €125,874 | €204,966 | ▲ 62.8% |
| Other operating charges640/8 | €42,809 | €38,534 | €42,040 | €46,211 | €46,395 | ▲ 0.4% |
| Non-recurring operating charges66A | - | €4,822 | €0 | - | - | - |
| Gross operating margin9900 | €182,502 | €180,105 | €156,487 | €82,574 | €108,681 | ▲ 31.6% |
| Operating profit (loss)9901 | €18,278 | €37,632 | €16,858 | -€89,512 | -€142,680 | ▼ 59.4% |
| Financial income75/76B | - | - | - | €2.1m | €114,494 | ▼ 94.5% |
| Recurring financial income75 | - | - | - | €118,826 | €114,494 | ▼ 3.6% |
| Non-recurring financial income76B | - | - | - | €1.9m | €0 | ▼ 100% |
| Financial charges65/66B | €13,790 | €13,048 | €9,057 | €12,604 | €14,390 | ▲ 14.2% |
| Recurring financial charges65 | €13,790 | €13,048 | €9,057 | €12,604 | €14,390 | ▲ 14.2% |
| Profit (loss) for the period before taxes9903 | €4,489 | €24,584 | €7,800 | €2.0m | -€42,576 | ▼ 102% |
| Transfer from deferred taxes780 | €3,330 | €0 | - | - | - | - |
| Income taxes67/77 | €4,753 | €6,561 | €2,082 | €4,460 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €3,066 | €18,023 | €5,719 | €2.0m | -€42,576 | ▼ 102% |
| Transfer from tax-exempt reserves789 | €9,990 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €13,056 | €18,023 | €5,719 | €2.0m | -€42,576 | ▼ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.4m | €7.3m | €7.0m | €10.5m | €12.0m | ▲ 14.1% |
| Fixed assets21/28 | €5.3m | €5.6m | €5.6m | €6.6m | €8.2m | ▲ 24.4% |
| Tangible fixed assets22/27 | €5.0m | €5.4m | €5.3m | €6.6m | €8.2m | ▲ 24.4% |
| Land and buildings22 | €4.7m | €5.0m | €5.1m | €6.4m | €8.0m | ▲ 26.0% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Leasing and similar rights25 | €199,999 | €199,999 | €199,999 | €199,999 | €199,999 | = |
| Other tangible fixed assets26 | €165,151 | €120,247 | €80,165 | €40,082 | €0 | ▼ 100% |
| Financial fixed assets28 | €223,104 | €237,104 | €237,104 | €14,000 | €14,000 | = |
| Current assets29/58 | €2.1m | €1.7m | €1.5m | €3.9m | €3.8m | ▼ 3.5% |
| Stocks and contracts in progress3 | €86,042 | €17,729 | €17,446 | €16,838 | €16,838 | = |
| Stocks30/36 | €86,042 | €17,729 | €17,446 | €16,838 | €16,838 | = |
| Amounts receivable within one year40/41 | €201,195 | €207,209 | €1.2m | €3.8m | €3.6m | ▼ 4.2% |
| Trade receivables40 | €17,415 | €18,775 | €20,008 | €54,398 | €491,645 | ▲ 804% |
| Other amounts receivable41 | €183,780 | €188,434 | €1.2m | €3.7m | €3.1m | ▼ 16.0% |
| Cash at bank and in hand54/58 | €1.8m | €1.4m | €220,675 | €85,460 | €107,039 | ▲ 25.3% |
| Deferred charges and accrued income490/1 | €20,210 | €10,001 | €8,623 | €6,218 | €7,022 | ▲ 12.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.4m | €7.3m | €7.0m | €10.5m | €12.0m | ▲ 14.1% |
| Equity10/15 | €6.0m | €6.0m | €6.0m | €9.1m | €11.1m | ▲ 22.2% |
| Contributions10/11 | €3.0m | €3.0m | €3.0m | €4.1m | €6.0m | ▲ 45.2% |
| Capital10 | €3.0m | €3.0m | €3.0m | €3.1m | €3.4m | ▲ 9.6% |
| Issued capital100 | €3.0m | €3.0m | €3.0m | €3.1m | €3.4m | ▲ 9.6% |
| Outside capital11 | - | - | - | €1.0m | €2.6m | ▲ 150% |
| Share premium1100/10 | - | - | - | €1.0m | €2.6m | ▲ 150% |
| Reserves13 | €2.9m | €2.9m | €2.9m | €4.9m | €5.1m | ▲ 3.4% |
| Non-distributable reserves130/1 | €172,954 | €173,855 | €174,141 | €272,063 | €382,594 | ▲ 40.6% |
| Legal reserve130 | €172,954 | €173,855 | €174,141 | €272,063 | €382,594 | ▲ 40.6% |
| Tax-exempt reserves132 | €245,533 | €245,533 | €245,533 | €245,533 | €257,600 | ▲ 4.9% |
| Distributable reserves133 | €2.5m | €2.5m | €2.5m | €4.4m | €4.4m | ▲ 1.0% |
| Investment grants15 | €107,536 | €107,536 | €107,536 | €107,536 | €107,536 | = |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Deferred taxes168 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.4m | €1.3m | €1.0m | €1.4m | €847,972 | ▼ 39.1% |
| Amounts payable after more than one year17 | €944,967 | €722,622 | €500,277 | €277,932 | €0 | ▼ 100% |
| Financial debts170/4 | €944,967 | €722,622 | €500,277 | €277,932 | €0 | ▼ 100% |
| Other amounts payable178/9 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €467,874 | €530,933 | €523,911 | €1.1m | €837,198 | ▼ 23.5% |
| Current portion of amounts payable after more than one year42 | €222,345 | €222,345 | €222,345 | €222,345 | €0 | ▼ 100% |
| Trade debts44 | €240,777 | €293,814 | €295,045 | €590,309 | €257,868 | ▼ 56.3% |
| Suppliers440/4 | €240,777 | €293,814 | €295,045 | €590,309 | €257,868 | ▼ 56.3% |
| Taxes, remuneration and social security45 | €4,753 | €6,561 | €2,082 | €13,324 | €0 | ▼ 100% |
| Taxes450/3 | €4,753 | €6,561 | €2,082 | €13,324 | €0 | ▼ 100% |
| Other amounts payable47/48 | €0 | €8,213 | €4,440 | €268,762 | €579,330 | ▲ 116% |
| Accrued charges and deferred income492/3 | €6,533 | €0 | - | €19,367 | €10,774 | ▼ 44.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,066 | €18,023 | €5,719 | €2.0m | -€42,576 | ▼ 102% |
| + Depreciation and write-downs630 | €121,415 | €99,117 | €97,589 | €125,874 | €204,966 | ▲ 62.8% |
| Operating cash flow (approximation) | €124,481 | €117,140 | €103,308 | €2.1m | €162,390 | ▼ 92.2% |
| Investment in fixed assets (approximation) | - | -€436,518 | -€71,249 | -€1.2m | -€1.8m | ▼ 56.1% |
| Change in cash | - | -€412,689 | -€1.2m | -€135,215 | €21,579 | ▲ 116% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €10mEq €11.1m ▲22.2%
Equity rises from €9.1m to €11.1m.
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €2.0m ▲34,147%
Net result €2.0m, the highest in the series.
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €3,066
Net result €3,066 after 3 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €5mEq €6.0m ▲106%
Equity rises from €2.9m to €6.0m.
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Liquidity triplescurrent ratio 7.25
Current ratio from 2.75 to 7.25; short-term debt falls from €1.0m to €289,820.
Show earlier events
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
18 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1994
Ground area
7,346 m²
Building footprint
4,593 m²
Volume, LiDAR
26,171 m³
Parcel 34010A0838/00R000, Flanders · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
Pitantiestraat 100, 8792 Waregem
since 19942.067.606.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0838/00R000 | Flanders | 7,346 m² | 1 · 4,593 m² | 8.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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IMMOSANY
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 1,775 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-05-1994
Fiscal year end30-09
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.