Result
From profit to loss in 2025, after a profit of €2.0m in 2024.
From profit to loss in 2025, after a profit of €2.0m in 2024.
Green is investment, beige is depreciation. Land and buildings stand 26.0% higher than in 2024.
The 2018 accounts came 7 days late. The other nine of the last ten were filed on time.
Merger with PHIVAL. Merger on 13-05-2025.
More equity than 95% of companies in real estate. Sector median €300,201 · 11,304 companies.
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, medium-sized). It does better than 92% of them on solvency, 66% on liquidity, 63% on profitability and 82% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-09-2025.
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).
In July 2024, 830 companies had the same profile as DEVAMO has now. Each dot stands for 3 companies, two years later.
That fits the bankruptcy probability of DEVAMO itself: < 0.1% within 12 months.
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 830 companies, not a prediction for DEVAMO. 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.
Liquidity is ample, with a current ratio of 4.48 (3.55 in 2024), above the usual 1.5. Short-term debt is 7% and cash 0.9% of total assets. 7.1% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DEVAMO Waregem | €12.0m | €108,681 | 92.9% | 0 |
| ZOETHOUDT Roeselare | €9.2m | €188,867 | -11.1% | 0 |
| GOES-ENTREPRISE Jette | €8.5m | €101,635 | 2.2% | 0 |
| DIRA CONSULT Zwevegem | €6.2m | €125,569 | -5.5% | 0 |
| Real Estate Belgium Oudsbergen | €13.4m | €81,825 | 17.1% | 0 |
| Immo Tuinhout Kontich | €5.9m | €119,925 | 73.8% | 0 |
| CADFIN Knokke-Heist | €5.1m | €137,881 | 16.9% | 0 |
These companies have the same main activity as DEVAMO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €5.1m and €13m, founded between 1968 and 2004.
DEVAMO files the abbreviated format. That format states no turnover. The gross margin fell from €845,237 in 2007 to €108,681 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
DEVATRAN holds 90.02% of the shares. In April 2023, the Official Gazette published the appointment of Yves Degezelle as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €120,000 and €230,000.
Higher than 93% of 11,299 companies in 2025.
Higher than 83% of 10,851 companies in 2025.
Higher than 35% of 11,184 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
12.0m | 10.5m | 7.0m | 7.3m | 7.4m | 7.6m | 4.7m | 5.0m | 6.1m | 4.4m | 3.6m | 3.5m | 3.8m | 3.9m | 3.7m | 10.4m | 7.2m | 6.7m | 8.2m | |
20 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
21/28 |
8.2m | 6.6m | 5.6m | 5.6m | 5.3m | 5.4m | 2.6m | 2.9m | 3.3m | 1.7m | 1.9m | 1.8m | 2.1m | 2.3m | 2.2m | 4.2m | 2.7m | 2.3m | 2.7m | |
21 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
22/27 |
8.2m | 6.6m | 5.3m | 5.4m | 5.0m | 5.2m | 2.4m | 2.7m | 3.1m | 1.4m | 1.7m | 1.6m | 1.8m | 1.9m | 1.8m | 3.8m | 2.3m | 1.9m | 2.3m | |
22 |
8.0m | 6.4m | 5.1m | 5.0m | 4.7m | 4.7m | 1.9m | 2.1m | 2.3m | 790,218 | 1.0m | 872,152 | 1.1m | 1.1m | 943,280 | 859,206 | 701,647 | 747,170 | 793,376 | |
23 |
- | - | - | - | 0 | 4,079 | 51,498 | 126,352 | 210,587 | 0 | 0 | 0 | 0 | 0 | 0 | 1.9m | 635,960 | 210,838 | 564,664 | |
24 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 136,744 | 45,544 | 97,140 | 136,500 | |
25 |
199,999 | 199,999 | 199,999 | 199,999 | 199,999 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
0 | 40,082 | 80,165 | 120,247 | 165,151 | 215,255 | 265,397 | 315,540 | 365,683 | 415,825 | 465,968 | 516,111 | 566,253 | 616,396 | 666,539 | 716,681 | 766,824 | 816,967 | 794,275 | |
27 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
28 |
14,000 | 14,000 | 237,104 | 237,104 | 223,104 | 223,104 | 223,104 | 223,104 | 223,104 | 255,604 | 255,604 | 253,104 | 258,104 | 348,104 | 398,104 | 398,104 | 398,104 | 398,104 | 398,104 | |
29/58 |
3.8m | 3.9m | 1.5m | 1.7m | 2.1m | 2.3m | 2.1m | 2.1m | 2.8m | 2.8m | 1.6m | 1.7m | 1.8m | 1.6m | 1.5m | 6.2m | 4.4m | 4.5m | 5.6m | |
29 |
- | - | - | - | - | - | - | - | 679,000 | 679,000 | 679,000 | 679,000 | 679,000 | 679,000 | 679,000 | 679,000 | 0 | 0 | - | |
290 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
291 |
- | - | - | - | - | - | - | 0 | 679,000 | 679,000 | 679,000 | 679,000 | 679,000 | 679,000 | 679,000 | 679,000 | 0 | 0 | - | |
3 |
16,838 | 16,838 | 17,446 | 17,729 | 86,042 | 106,507 | 166,355 | 151,481 | 215,300 | 0 | 0 | 0 | 0 | 152,901 | 194,063 | 27,563 | 0 | 0 | - | |
30/36 |
16,838 | 16,838 | 17,446 | 17,729 | 86,042 | 106,507 | 166,355 | 151,481 | 215,300 | 0 | 0 | 0 | 0 | 152,901 | 194,063 | 27,563 | 0 | 0 | - | |
37 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
40/41 |
3.6m | 3.8m | 1.2m | 207,209 | 201,195 | 182,591 | 160,109 | 159,407 | 834,073 | 742,004 | 694,583 | 649,380 | 605,367 | 564,498 | 552,874 | 3.8m | 3.0m | 2.1m | 4.1m | |
40 |
491,645 | 54,398 | 20,008 | 18,775 | 17,415 | 0 | 700 | 0 | 56,821 | 3,291 | 3,056 | 3,056 | 3,056 | 0 | 0 | 2.2m | 1.4m | 790,662 | 2.7m | |
41 |
3.1m | 3.7m | 1.2m | 188,434 | 183,780 | 182,591 | 159,409 | 159,407 | 777,252 | 738,713 | 691,527 | 646,324 | 602,311 | 564,498 | 552,874 | 1.6m | 1.6m | 1.3m | 1.5m | |
50/53 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 764 | 634,374 | 2.0m | 1.2m | |
54/58 |
107,039 | 85,460 | 220,675 | 1.4m | 1.8m | 1.9m | 1.8m | 1.8m | 1.0m | 1.3m | 267,341 | 337,633 | 464,639 | 226,819 | 72,191 | 1.7m | 752,572 | 380,083 | 202,316 | |
490/1 |
7,022 | 6,218 | 8,623 | 10,001 | 20,210 | 20,126 | 4,960 | 9,823 | 52,432 | 19,286 | 7,425 | 1,834 | 5,247 | 3,084 | 816 | 19,641 | 24,020 | 27,421 | 23,510 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
12.0m | 10.5m | 7.0m | 7.3m | 7.4m | 7.6m | 4.7m | 5.0m | 6.1m | 4.4m | 3.6m | 3.5m | 3.8m | 3.9m | 3.7m | 10.4m | 7.2m | 6.7m | 8.2m | |
10/15 |
11.1m | 9.1m | 6.0m | 6.0m | 6.0m | 6.0m | 2.9m | 3.0m | 3.0m | 3.3m | 2.7m | 2.6m | 2.6m | 2.4m | 2.2m | 3.1m | 1.3m | 1.1m | 1.0m | |
10/11 |
6.0m | 4.1m | 3.0m | 3.0m | 3.0m | 3.0m | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 75,000 | 75,000 | 75,000 | 75,000 | |
10 |
3.4m | 3.1m | 3.0m | 3.0m | 3.0m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
3.4m | 3.1m | 3.0m | 3.0m | 3.0m | 3.0m | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 75,000 | 75,000 | 75,000 | 75,000 | |
101 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
11 |
2.6m | 1.0m | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
1100/10 |
2.6m | 1.0m | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
12 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
13 |
5.1m | 4.9m | 2.9m | 2.9m | 2.9m | 2.9m | 2.7m | 2.8m | 2.9m | 3.1m | 2.6m | 2.5m | 2.4m | 2.2m | 2.1m | 1.5m | 1.1m | 927,446 | 827,988 | |
130/1 |
382,594 | 272,063 | 174,141 | 173,855 | 172,954 | 172,301 | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | - | |
130 |
382,594 | 272,063 | 174,141 | 173,855 | 172,954 | 172,301 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 7,500 | 7,500 | 7,500 | 7,500 | |
1312 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
1319 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
132 |
257,600 | 245,533 | 245,533 | 245,533 | 245,533 | 255,523 | 371,649 | 487,774 | 600,874 | 767,058 | 332,559 | 423,946 | 583,580 | 821,557 | 892,116 | 51,500 | 51,500 | 51,500 | 67,896 | |
133 |
4.4m | 4.4m | 2.5m | 2.5m | 2.5m | 2.5m | 2.4m | 2.3m | 2.3m | 2.3m | 2.2m | 2.1m | 1.8m | 1.4m | 1.2m | 1.4m | 1.0m | 868,446 | 752,592 | |
14 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
15 |
107,536 | 107,536 | 107,536 | 107,536 | 107,536 | 107,536 | 107,536 | 107,536 | 107,536 | 107,536 | 107,536 | 107,536 | 107,536 | 107,536 | 107,536 | 1.5m | 107,536 | 107,536 | 107,536 | |
19 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | - | |
16 |
- | - | - | - | 0 | 3,330 | 42,039 | 80,747 | 182,973 | 263,140 | 18,746 | 18,746 | 18,746 | 0 | 0 | 0 | 0 | 0 | 7,027 | |
160/5 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
160 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
161 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
162 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
163 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
168 |
- | - | - | - | 0 | 3,330 | 42,039 | 80,747 | 182,973 | 263,140 | 18,746 | 18,746 | 18,746 | 0 | 0 | 0 | 0 | 0 | 7,027 | |
17/49 |
847,972 | 1.4m | 1.0m | 1.3m | 1.4m | 1.7m | 1.7m | 2.0m | 2.9m | 909,440 | 826,662 | 840,488 | 1.3m | 1.5m | 1.5m | 7.3m | 5.9m | 5.6m | 7.2m | |
17 |
0 | 277,932 | 500,277 | 722,622 | 944,967 | 1.2m | 1.4m | 1.7m | 1.9m | 59,956 | 60,334 | 60,334 | 66,380 | 203,845 | 228,980 | 1.2m | 182,637 | 195,063 | - | |
170/4 |
0 | 277,932 | 500,277 | 722,622 | 944,967 | 1.2m | 1.4m | 1.6m | 1.8m | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | - | |
175 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
176 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
178/9 |
- | - | - | - | 0 | 59,544 | 59,601 | 59,722 | 59,836 | 59,956 | 60,334 | 60,334 | 66,380 | 203,845 | 228,980 | 1.2m | 182,637 | 195,063 | - | |
42/48 |
837,198 | 1.1m | 523,911 | 530,933 | 467,874 | 417,872 | 289,820 | 281,240 | 1.0m | 844,484 | 761,328 | 775,154 | 1.2m | 1.3m | 1.2m | 6.1m | 5.7m | 5.4m | 7.2m | |
42 |
0 | 222,345 | 222,345 | 222,345 | 222,345 | 222,345 | 222,345 | 222,345 | 222,345 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | - | |
430/8 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
439 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
44 |
257,868 | 590,309 | 295,045 | 293,814 | 240,777 | 134,273 | 17,326 | 17,112 | 49,989 | 117,046 | 53,152 | 49,620 | 51,278 | 16,367 | 0 | 6.0m | 5.6m | 5.4m | 7.0m | |
440/4 |
257,868 | 590,309 | 295,045 | 293,814 | 240,777 | 134,273 | 17,326 | 17,112 | 49,989 | 117,046 | 53,152 | 49,620 | 51,278 | 16,367 | 0 | 6.0m | 5.6m | 5.4m | 7.0m | |
441 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
46 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
45 |
0 | 13,324 | 2,082 | 6,561 | 4,753 | 10,474 | 10,213 | 1,767 | - | 7,074 | 11,557 | 19,110 | 4,593 | 26,116 | 0 | 32,843 | 60,092 | 9,830 | 2,232 | |
450/3 |
0 | 13,324 | 2,082 | 6,561 | 4,753 | 10,474 | 10,213 | 1,767 | - | 7,074 | 11,557 | 19,110 | 4,593 | 26,116 | 0 | 32,843 | 55,760 | 9,830 | 2,232 | |
454/9 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,332 | 0 | - | |
47/48 |
579,330 | 268,762 | 4,440 | 8,213 | 0 | 50,781 | 39,936 | 40,016 | 744,536 | 720,364 | 696,619 | 706,425 | 1.1m | 1.2m | 1.2m | 62,232 | 2,232 | 2,232 | 182,637 | |
492/3 |
10,774 | 19,367 | - | 0 | 6,533 | 8,404 | 6,404 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 11,996 | 5,000 | 24,750 | 2,500 | 2,154 | |
| Income statement | ||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
76A |
- | - | - | - | - | - | 0 | 33,043 | - | 0 | 3,990 | 500 | 0 | 0 | 0 | 0 | 0 | 16,215 | - | |
9900 |
108,681 | 82,574 | 156,487 | 180,105 | 182,502 | 263,753 | 251,909 | 312,808 | 228,537 | 886,927 | 221,942 | 249,758 | 275,359 | 330,375 | 209,835 | 1.2m | 1.1m | 717,429 | 845,237 | |
60/61 |
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
62 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 139,184 | 138,957 | 137,617 | 121,953 | |
630 |
204,966 | 125,874 | 97,589 | 99,117 | 121,415 | 329,734 | 295,331 | 399,156 | 451,125 | 87,398 | 112,082 | 101,337 | 96,715 | 115,378 | 116,003 | 859,185 | 699,875 | 490,774 | 674,575 | |
631/4 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 769 | 7,141 | -4,047 | |
635/8 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
640/8 |
46,395 | 46,211 | 42,040 | 38,534 | 42,809 | 42,740 | 29,853 | 34,778 | 34,283 | 36,118 | 35,930 | 36,426 | 46,178 | 33,701 | 48,140 | 29,047 | 27,351 | 36,907 | 27,996 | |
649 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
66A |
- | - | 0 | 4,822 | - | 0 | 27,436 | 0 | 1,868 | 0 | 0 | 5,718 | 0 | 0 | 0 | 0 | 18,000 | 16,215 | - | |
9901 |
-142,680 | -89,512 | 16,858 | 37,632 | 18,278 | -108,721 | -100,712 | -121,126 | -258,739 | 763,410 | 73,931 | 111,995 | 132,466 | 181,296 | 45,692 | 194,888 | 197,454 | 44,990 | 24,760 | |
75/76B |
114,494 | 2.1m | - | - | - | - | 0 | 8,393 | 42,255 | 44,159 | 46,065 | 46,153 | 103,198 | 51,803 | 53,910 | 316,802 | 83,138 | 99,784 | 54,886 | |
75 |
114,494 | 118,826 | - | - | - | - | 0 | 8,393 | 42,255 | 44,159 | 46,065 | 46,153 | 103,198 | 51,803 | 53,910 | 316,802 | 83,138 | 99,784 | 54,886 | |
76B |
0 | 1.9m | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
14,390 | 12,604 | 9,057 | 13,048 | 13,790 | 19,526 | 21,033 | 28,332 | 80,762 | 28,564 | 29,243 | 35,854 | 52,440 | 56,086 | 44,516 | 24,536 | 15,717 | 18,847 | 16,905 | |
65 |
14,390 | 12,604 | 9,057 | 13,048 | 13,790 | 19,526 | 21,033 | 28,332 | 44,512 | 28,564 | 29,243 | 35,854 | 52,440 | 56,086 | 44,516 | 24,536 | 15,717 | 18,847 | 16,905 | |
66B |
- | - | - | - | - | - | - | 0 | 36,250 | - | - | - | - | - | - | - | - | - | - | |
9903 |
-42,576 | 2.0m | 7,800 | 24,584 | 4,489 | -128,247 | -121,745 | -141,065 | -297,246 | 779,006 | 94,743 | 117,076 | 183,224 | 177,013 | 55,086 | 487,154 | 246,874 | 125,927 | 62,741 | |
780 |
- | - | - | 0 | 3,330 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
0 | 4,460 | 2,082 | 6,561 | 4,753 | 8,263 | 10,213 | 1,830 | - | 7,145 | 11,755 | 19,459 | 5,053 | 26,135 | -0 | 48,269 | 76,162 | 33,495 | 12,467 | |
9904 |
-42,576 | 2.0m | 5,719 | 18,023 | 3,066 | -97,801 | -93,249 | -40,669 | -217,078 | 527,466 | 82,988 | 97,617 | 159,425 | 150,878 | 55,086 | 438,885 | 170,712 | 99,459 | 59,058 | |
789 |
- | - | - | 0 | 9,990 | 116,126 | 116,126 | 113,100 | 155,689 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,396 | 20,495 | |
689 |
- | - | - | - | - | - | - | 0 | - | 474,625 | 0 | 0 | 36,405 | 0 | 0 | 0 | 0 | 0 | - | |
9905 |
-42,576 | 2.0m | 5,719 | 18,023 | 13,056 | 18,324 | 22,876 | 72,430 | -61,389 | 52,841 | 82,988 | 97,617 | 123,020 | 150,878 | 55,086 | 438,885 | 170,712 | 115,855 | 79,553 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-42,576 | 2.0m | 5,719 | 18,023 | 13,056 | 18,324 | 22,876 | 72,430 | -61,389 | 52,841 | 82,988 | 97,617 | 123,020 | 150,878 | 55,086 | 438,885 | 170,712 | 115,855 | 79,553 | |
791/2 |
42,576 | - | - | - | - | - | - | 0 | 61,389 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
691/2 |
0 | 2.0m | 5,719 | 18,023 | 13,056 | 18,324 | 22,876 | 72,430 | - | 52,841 | 82,988 | 97,617 | 123,020 | 150,878 | 55,086 | 378,885 | 170,712 | 115,855 | 79,553 | |
691 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
6920 |
0 | 97,922 | 286 | 901 | 653 | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 866 | 0 | 0 | 0 | - | |
6921 |
0 | 1.9m | 5,433 | 17,122 | 12,403 | 18,324 | 22,876 | 72,430 | - | 52,841 | 82,988 | 97,617 | 123,020 | 150,878 | 54,220 | 378,885 | 170,712 | 115,855 | 79,553 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 60,000 | 0 | 0 | - | |
694 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
695 |
- | - | - | - | - | - | - | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 60,000 | 0 | 0 | - | |
696 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
0 | 0 | 0 | - | - | - | - | 0 | - | - | - | - | - | - | 0 | 3 | 3 | 3 | 2.8 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 5,235 | 5,291 | 5,222 | 4,752 | |
| Document | ||||||||||||||||||||
The accounts for 10 older financial years (1996-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 14 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 31-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 31-03-2026 | 2026-00068645 | |
| 30-09-2024 | abbreviated format | 15-04-2025 | 2025-00070032 | |
| 30-09-2023 | abbreviated format | 18-03-2024 | 2024-00044922 | |
| 30-09-2022 | abbreviated format | 27-04-2023 | 2023-00068729 | |
| 30-09-2021 | abbreviated format | 07-04-2022 | 2022-20001326 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12500193 | |
| 30-09-2019 | abbreviated format | 24-04-2020 | 2020-09800227 | |
| 30-09-2018 | abbreviated format | 07-05-2019 | 2019-12500455 | |
| 30-09-2017 | abbreviated format | 17-04-2018 | 2018-10100095 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-08100477 | |
| 30-09-2015 | abbreviated format | 07-04-2016 | 2016-09600402 | |
| 30-09-2014 | abbreviated format | 15-04-2015 | 2015-09800244 | |
| 30-09-2013 | abbreviated format | 02-05-2014 | 2014-11400266 | |
| 30-09-2012 | abbreviated format | 14-05-2013 | 2013-11600545 | |
| 30-09-2011 | abbreviated format | 25-05-2012 | 2012-12500375 | |
| 30-09-2010 | abbreviated format | 25-03-2011 | 2011-06400466 | |
| 30-09-2009 | abbreviated format | 09-04-2010 | 2010-08900010 | |
| 30-09-2008 | abbreviated format | 17-04-2009 | 2009-11100273 | |
| 30-09-2007 | abbreviated format | 08-04-2008 | 2008-10100103 | |
| 30-09-2006 | abbreviated format | 30-03-2007 | 2007-10303429 | |
| 30-09-2005 | abbreviated format | 11-04-2006 | 2006-10702208 | |
| 30-09-2004 | abbreviated format | 21-03-2005 | 2005-08200602 | |
| 30-09-2003 | abbreviated format | 22-04-2004 | 2004-12002832 | |
| 30-09-2002 | abbreviated format | 20-03-2003 | 2003-07802888 | |
| 31-12-2000 | abbreviated format | 20-06-2001 | 2001-24200097 | |
| 31-12-1999 | abbreviated format | 22-06-2000 | 2000-26502773 | |
| 31-03-1998 | abbreviated format | 18-09-1998 | 1998-47703483 | |
| 31-03-1997 | abbreviated format | 22-09-1997 | 1997-44704260 | |
| 31-03-1996 | abbreviated format | 09-10-1996 | 1996-47400943 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 62,286 | 36,363 | 114,447 | 136,749 | 139,693 | 221,012 | 194,619 | 278,030 | 192,386 | 850,808 | 186,012 | 213,332 | 229,181 | 296,674 | 161,695 | 1.1m | 897,328 | 535,764 | 699,335 | ||
| 162,390 | 2.1m | 103,308 | 117,140 | 124,481 | 231,933 | 202,082 | 358,487 | 234,046 | 614,864 | 195,070 | 198,954 | 256,140 | 266,256 | 171,089 | 1.3m | 870,586 | 590,233 | 733,633 | ||
| 2.2m | 1.4m | 71,249 | 441,340 | 1,265 | 3.4m | -55,231 | 0 | 2.3m | -180,981 | 200,741 | 40,115 | 90,861 | 222,355 | 149,934 | 2.3m | 1.3m | 98,234 | 699,439 | ||
| 21,579 | -135,215 | -1.2m | -412,689 | -112,095 | 175,000 | -4,590 | 759,017 | -315,640 | 1.1m | -70,292 | -127,006 | 237,820 | 154,628 | -1.6m | 954,935 | 372,489 | 177,767 | - | ||
| 2.9m | 2.8m | 933,797 | 1.1m | 1.7m | 1.8m | 1.8m | 1.8m | 1.8m | 1.9m | 887,021 | 892,692 | 553,159 | 336,883 | 275,113 | 114,908 | -1.3m | -962,674 | -1.7m | ||
| 92.9% | 86.7% | 85.4% | 82.7% | 80.8% | 78.3% | 61.9% | 59.6% | 49.5% | 73.5% | 76.4% | 75.5% | 66.4% | 61.5% | 60.5% | 29.5% | 17.9% | 16.4% | 12.3% | ||
| 4.48 | 3.55 | 2.78 | 3.12 | 4.57 | 5.39 | 7.25 | 7.45 | 2.75 | 3.28 | 2.17 | 2.15 | 1.46 | 1.26 | 1.22 | 1.02 | 0.78 | 0.82 | 0.77 | ||
| 4.46 | 3.54 | 2.75 | 3.08 | 4.39 | 5.14 | 6.68 | 6.91 | 2.54 | 3.28 | 2.17 | 2.15 | 1.46 | 1.14 | 1.07 | 1.01 | 0.78 | 0.82 | 0.77 | ||
| 0.08 | 0.15 | 0.17 | 0.21 | 0.24 | 0.28 | 0.60 | 0.65 | 0.96 | 0.28 | 0.30 | 0.32 | 0.50 | 0.63 | 0.65 | 2.39 | 4.60 | 5.08 | 7.15 | ||
| -0.4% | 21.5% | 0.1% | 0.3% | 0.1% | -1.6% | -3.2% | -1.4% | -7.1% | 16.2% | 3.0% | 3.7% | 6.2% | 6.3% | 2.5% | 14.3% | 13.3% | 9.0% | 5.8% | ||
| -0.4% | 18.6% | 0.1% | 0.2% | 0.0% | -1.3% | -2.0% | -0.8% | -3.5% | 11.9% | 2.3% | 2.8% | 4.1% | 3.9% | 1.5% | 4.2% | 2.4% | 1.5% | 0.7% | ||
| 4.33 | 2.88 | 12.64 | 10.48 | 10.13 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €722,622 | - | - |
| Debts guaranteed by Belgian public bodies | - | €500,277 | - | - | - |
| Mortgages, amount registered | - | €2.1m | €2.1m | €2.1m | €2.1m |
| Carrying value of the mortgaged assets | - | €1.0m | €1.0m | €1.0m | €1.0m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2.2m | €1.4m | €71,249 | €427,340 | €1,265 |
| Financial fixed assets | - | - | - | €14,000 | - |
| €204,966 | €125,874 | €97,589 | €99,117 | €121,415 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €142,680, larger than the loss of €89,512 in 2024. It is the lowest result since 2017.
Debt's share of the balance-sheet total falls from 13.3% to 7.1%. Equity is higher and debt is lower.
Deed of 06-07-2026Capital increase of €31,220.71 to €3,388,336.76Capital from €3,357,116.05 to €3,388,336.76 · Capital after the increase: €3,388,336.76 · 29 shares · General meeting of 26-06-2026
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 30-09-2025 accounts. Every holding stands with its own latest accounts.
Part of the group DEVATRAN Group, risk and exposure| DEVATRAN
registered office since 06-11-1990 · founded in 1990 |
total assets €62.8m (2025) 0441.687.520 |
| Devagro Aannemingen
registered office since 06-06-1989 · founded in 1989 · group DEVATRAN |
103 FTE (2026) 0437.460.397 |
| Devagro Saneringen
registered office since 01-04-2022 · founded in 2000 · group DEVATRAN |
21 FTE (2025) 0472.402.074 |
| Devagro Beton & Recyclage
registered office since 01-04-2022 · founded in 2000 · group DEVATRAN |
29 FTE (2025) 0472.011.601 |
| Degezelle Vastgoed
registered office since 01-01-2014 · founded in 2011 · group DEVATRAN |
14 FTE (2025) 0836.163.061 |
| DOP MEULEBEKE
registered office since 21-08-2018 · founded in 2018 |
total assets €8.4m (2025) 0701.629.902 |
| VESTAPRO
registered office since 03-07-2024 · founded in 2024 · negative equity (2026) · group DEVATRAN |
total assets €3.3m (2026) 1011.109.687 |
| Devagro Transport
registered office since 01-04-2022 · founded in 2010 · group DEVATRAN |
6.5 FTE (2025) 0828.718.906 |
| YDG INVEST
registered office since 21-01-2011 · founded in 2010 |
total assets €985,482 (2025) 0832.688.481 |
| DAVAN
registered office since 01-02-1955 · founded in 1968 · negative equity (2025) |
total assets €700,696 (2025) 0405.494.939 |
| Name | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMADEO F&B SERVICES | 50% | ||||||||||||||||||
| Devagro Aannemingen | 20% | 19.98% | 19.99% | 10.71% | |||||||||||||||
| PLATANENDREEF | 25% | ||||||||||||||||||
Source: list of holdings in its own accounts
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Pitantiestraat 100 registered office 8792 Waregem 68110 Buying and selling of own real estate | 26-05-1994 | 2.067.606.567 |
| 26-05-2021 | Granted | Bouwen of herbouwen; Nieuwbouw of aanleggen submitted 11-02-2021 · project 2021010837 | Wielsbeke |
| 22-03-2021 | Granted | Functiewijziging zonder verbouwingswerken submitted 30-11-2020 · project 2020116833 | Roeselare |
| 30-06-2020 | Granted | Bouwen of herbouwen submitted 18-04-2020 · project 2020027214 | Wielsbeke |
| 31-03-2020 | Granted | Bouwen of herbouwen; Nieuwbouw of aanleggen submitted 22-11-2019 · project 2019124139 | Wielsbeke |
| 20-08-2019 | Granted | Bouwen of herbouwen; Nieuwbouw of aanleggen submitted 03-05-2019 · project 2019033446 | Wielsbeke |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34010A0838/00R000 | 7,346 m² | 1 · 4,593 m² | 8.9 m · 3 |
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