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DEVAN

Active Private limited companyfounded 1984active for 41 yearsBissegemsestraat (Bis) 207/209, 8501 KortrijkKBO/BCE: BE 0426.594.914
DEVAN
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Overview

Lifetime

19 annual accounts with figures on one time axis, 40 filings since 1985
Gross marginpeak €2.0m (2025)
€2.0m▲ 6.5%
Resultlowest -€3,571 (2009)
€711,035▼ 6.7%
Equitypeak €3.6m (2025)
€3.6m▲ 24.9%
Debts
€2.9m▼ 1.7%
Staffpeak 6.4 FTE (2025)
6.4 FTE▲ 20.8%
Board3 names since 2014
2 directorsVAN DAMME Jean-Baptiste and 1 other
Documentsfilings and deeds
31-01-2026on the last day
2025abbreviated format
Staff from 5.3 FTE to 6.4 FTERegistered office moved from Kuurne to Bissegem 08-04Equity from €2.9m to €3.6mCash from €266,790 to €45,551

Key points

from the 2025 annual accounts

Equity

€3.6m ▲ 24.9%

DEVAN has made a profit without a break since 2010.

Staff

8 employees on 30-06-2025
24232022422024312025

In 2025, 3 people joined and 1 left.

Filings

40 annual accounts since 1985
deadline1990200020102020

The last five annual accounts were filed 0 to 48 days before the end of the period.

Checked score

84
Excellent
Financially stronger than 66% of micro companies in rubber and plastics (NACE 22)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 357 companies (NACE 22, micro).

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024 02-2025: 0.3%▲ +0.1 percentage points vs 01-2025 03-2025: 0.1%▼ -0.2 percentage points vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.3%▲ +0.2 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.4%▲ +0.1 percentage points vs 10-2025 12-2025: 0.5%▲ +0.1 percentage points vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.7%▲ +0.2 percentage points vs 01-2026highest value 03-2026: 0.4%▼ -0.3 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.5%▲ +0.1 percentage points vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026

Financial strength
Strong

Solvency
80+6equity 54.9% of total assets
Liquidity
50-6short-term debt 10.9% · cash 0.7%
Profitability
82-3return on assets 11.0%

Score breakdown

raises risk
1 change of registered office in 24 months
Liquidity: current ratio 2.82, cash €45,551, halved
lowers risk
Founded in 1984
Size: 6.4 FTE, total assets €6.5m
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 22, micro). It does better than 61% of them on solvency, 50% on liquidity, 75% on profitability and 78% on growth.

The bankruptcy probability was computed on 05-11-2026 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, 31,368 companies had the same profile as DEVAN has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of DEVAN itself: 0.5% 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.

The companies in ten equal groups, from the lowest to the 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% 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 31,368 companies, not a prediction for DEVAN. 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 €290,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.82 (2.8 in 2024), above the usual 1.5. Short-term debt is 10.9% and cash 0.7% of total assets. 45.1% 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
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Founded in 1984
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 2.82, cash €45,551, halved
NBB · annual accounts
lowers risk · Size: 6.4 FTE, total assets €6.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
on the day
2023
33 days early
2022
48 days early
2021
39 days early
2020
48 days early
2019
53 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 32 days before the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% 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 29 December (5 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end06-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VD
VAN DAMME Jean-Baptiste
Director, since 01-11-2014
V
VABOD
Director, VAN DAMME Thibaut, since 17-09-2021
Board & ownership

Recent changes

Environmental permit granted Bouwen of herbouwen, Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Kortrijk
Registered in the Peppol Directory Reachable for e-invoices through 0208:0426594914
Registered office moved from Kuurne to Bissegem New registered office: Bissegemsestraat 207/209, 8501 Bissegem · Previous registered office: Kortrijksestraat 159, 8520 Kuurne · Board meeting of 18-03-2025 · Gazette deed
Environmental permit granted Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Kortrijk
All 58 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
DEVAN Kortrijk €6.5m €2.0m 54.9% 6.4
DELPLEX Fleurus €3.8m €1.0m 80.6% 7.2
NUTRIPACK OLEN Olen €6.0m €1.9m 65.5% 17.6
ALPAGRO PACKAGING Houthalen-Helchteren €6.3m €1.7m 79.0% 21
JEMACO Namur €2.5m €0.9m 59.6% 11
SAC O2 Deinze €2.5m €1.4m 68.9% 10
NEOPACK Aalst €7.0m €2.2m 12.7% 23.2

These companies have the same main activity as DEVAN: manufacture of rubber and plastic products (NACE 22220). They are comparable in size and age: total assets between €2.5m and €7m, founded between 1987 and 1993.

Official details

Source: KBO
Status
Active since 27-12-1984Normal situation
Activity
Manufacture of rubber and plastic productsNACE 22220
Joint committees
116Chemical industry
207White-collar workers in the chemical industry · annual accounts 30-06-2025
Establishment unit
2.026.131.2488501 Kortrijk, since 01-01-1985
Financial year end
30 June
Peppol
Reachable since 22-10-2025
Company details

Annual accounts to 30-06-2025

Gross margin
€2.0m▲ 6.5%
Turnover
≈ €3.4mestimated
Profit
€711,035▼ 6.7%
Equity
€3.6m▲ 24.9%
Total assets
€6.5m▲ 11.3%
Employeeson 30-06-2025
8▲ 33.3%
Filing
Filed on 31-01-2026, on the last day of the filing period
Financials

Insights on DEVAN

DEVAN files the abbreviated format. That format states no turnover. The gross margin rose from €51,376 in 2006 to €2.0m in 2025.

The balance sheet grew most from 2023 to 2025 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 31-01-2026, on the day of the deadline
Gross margin
€2.0m
▲ 6.5%
Operating result
€957,371
▲ 3.4%
Profit
€711,035
▼ 6.7%
Working capital
€1.3m
▲ 31.7%
Solvency
54.9%
▲ 6.0 percentage points
Current ratio
2.82
▲ 0.03

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 ≈ €3.4m. Estimated: probably between €2.3m and €5.7m.

Balance sheet

balance sheet total €6.5m on 30-06-2025
What the company ownsHow it is paid for

Change in equityin €m

Change in cashin €m

Position in the sector

Compare with sector

Solvency54.9%

Higher than 61% of 186 companies in 2025.

Current ratio2.82

Higher than 70% of 183 companies in 2025.

Return on assets11.0%

Higher than 77% of 185 companies in 2025.

DEVAN Middle half of the sector 80% of the sector Abbreviated accounts in rubber and plastics (NACE 22)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half

Staff

Staff cost per FTE€49,822

Staff costs divided by the average number of full-time equivalents.

Joined and left+2

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 6.5m5.8m3.3m2.9m2.3m2.0m1.3m929,511745,809585,472194,206183,548132,012128,686130,526116,999147,755156,189129,510
Formation expenses20 50,613-----2,1266,37810,63114,883---------
Fixed assets21/28 4.4m4.3m1.9m1.8m1.6m1.1m808,463408,958255,553272,22412,99323,27433,64729,7748816117,57114,47428,909
Intangible fixed assets21 7,199-03,0006,0009,00012,000------------
Tangible fixed assets22/27 4.4m4.3m1.9m1.7m1.6m1.1m796,463408,868255,463257,25112,99323,27433,64729,7748816117,57114,47428,909
Land and buildings22 2.9m2.9m1.1m1.2m1.3m1.1m637,638------------
Plant, machinery and equipment23 1.5m1.3m783,395492,494310,89234,420152,067322,634215,000219,932-139368598828364---
Furniture and vehicles24 19,47026,73935,57146,2744,799-6,75814,9165,96210,58912,99323,13633,27929,176-1407,41114,26128,643
Other tangible fixed assets26 -------71,31834,50126,730----53107160213266
Financial fixed assets28 -------909090---------
Current assets29/58 2.0m1.5m1.4m1.2m728,247840,677507,209514,174479,625313,248181,214160,27498,36598,912129,645116,388140,184141,715100,601
Stocks and contracts in progress3 1.0m562,682712,887651,387402,348298,636257,977227,712200,438136,70338,95974,35852,87969,40460,54048,37356,21762,21054,123
Stocks30/36 1.0m562,682712,887651,387402,348298,636257,977227,712200,438136,70338,95974,35852,87969,40460,54048,37356,21762,21054,123
Amounts receivable within one year40/41 913,794685,880439,806395,165216,474168,515153,900207,189172,519149,76740,49929,00240,82622,79859,64356,88575,98874,86231,392
Trade receivables40 913,794571,524397,174291,757189,432168,515146,445131,776171,890149,76732,16928,47732,20422,54628,61821,78043,15345,72127,751
Other amounts receivable41 0114,35642,632103,40727,042-7,45475,412629-8,3305258,62225231,02535,10532,83529,1413,641
Current investments50/53 -0100,000----------------
Cash at bank and in hand54/58 45,551266,790130,843106,08891,339359,81682,82153,43395,91712,97797,21752,6003402,2135,6027,3314,23463110,974
Deferred charges and accrued income490/1 32,66110,04627,98623,54218,08613,71012,51125,84110,75213,8014,5394,3144,3204,4973,8603,7993,7454,0124,112
Balance sheet: equity and liabilities
Total equity and liabilities10/49 6.5m5.8m3.3m2.9m2.3m2.0m1.3m929,511745,809585,472194,206183,548132,012128,686130,526116,999147,755156,189129,510
Equity10/15 3.6m2.9m2.1m1.4m957,562530,983298,810233,529203,304177,199174,065148,612111,857106,025106,92287,28090,85170,55756,318
Contributions10/11 18,60018,60018,60018,60018,600-18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Issued capital100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Contributions outside capital11 -----18,600-------------
Share premium1100/10 -----18,600-------------
Revaluation surpluses12 03,9583,9583,9583,9583,9583,9583,9583,9583,9583,9583,9583,9583,9583,9593,9583,9583,9583,958
Reserves13 3.5m2.8m2.1m1.4m928,972378,972153,166153,166138,054126,054126,054126,05489,29983,46784,36364,72268,29347,99933,760
Non-distributable reserves130/1 ---01,8601,860-------------
Legal reserve130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
Reserves not available under the articles1311 ---01,860--------------
Other1319 -----1,860-------------
Tax-exempt reserves132 688,159380,73427,11227,11227,11227,11227,11227,11212,000----------
Distributable reserves133 2.9m2.4m2.0m1.4m900,000350,000124,194124,194124,194124,194124,194124,19487,43981,60782,50362,86266,43346,13931,900
Profit (loss) carried forward14 04652109586,032129,453123,08557,80442,69228,58725,453--------
Provisions and deferred taxes16 9,84912,624-----------------
Deferred taxes168 9,84912,624-----------------
Amounts payable17/49 2.9m3.0m1.3m1.5m1.4m1.4m1.0m695,983542,505408,27320,14134,93620,15522,66123,60429,71956,90485,63273,192
Amounts payable after more than one year17 2.2m2.4m840,278923,6111.0m1.1m771,980310,531244,444248,600------3,80111,11919,822
Financial debts170/4 2.2m2.4m840,278923,6111.0m1.1m771,980310,531244,444248,600------3,80111,11919,822
Other amounts payable178/9 2,9302,930-----------------
Amounts payable within one year42/48 707,924545,020419,012589,827361,934313,812247,008385,452296,723159,67320,14134,93620,15522,66123,33929,71953,10374,51353,274
Current portion of amounts payable after more than one year42 208,582203,54783,33387,595138,411200,236138,551133,91388,889------3,8007,3188,70413,432
Financial debts43 --------60,000---852-291-9,3253,883-
Credit institutions430/8 --------60,000---852-291-9,3253,883-
Trade debts44 320,468193,391299,350298,067195,41575,28572,792208,18647,859150,0042,5742,0905,5253,86312,07714,39613,34241,00827,606
Suppliers440/4 320,468193,391299,350298,067195,41575,28572,792208,18647,859150,0042,5742,0905,5253,86312,07714,39613,34241,00827,606
Advances received on contracts in progress46 ------15,50030,50067,500----------
Taxes, remuneration and social security45 87,36213,97936,0763,91327,85538,04019,91312,47232,0959,28914,78827,58010,53111,95010,97111,52316,11820,91812,236
Taxes450/3 47,32209,1282059,49619,6808,6403,92222,6223,25013,48827,58010,53111,95010,97111,52316,11820,91812,236
Remuneration and social security454/9 40,04013,97926,9493,70818,35818,36011,2748,5509,4736,0391,300--------
Other amounts payable47/48 91,513134,103253200,2532532532533803803802,7805,2653,2476,848--7,000--
Accrued charges and deferred income492/3 27,97533,450------1,337-----265---96
Income statement
Non-recurring operating income76A 11,89555,50001,719--2,624--18,056--4104,422----257
Gross operating margin9900 2.0m1.9m1.3m1.1m756,092712,505466,864318,843159,03469,09567,19766,45720,51449,94428,2887,57048,60639,84451,376
Remuneration, social security and pensions62 318,862267,044156,989106,57083,31273,25338,84828,282-----------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 693,093656,011269,886185,829133,769209,388350,360243,344120,611117,28810,28210,37310,3737,5774237,4157,32413,73116,075
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 -29910,272-14,9910257-2,2909,4492,995-18,5599,599-1,350-2,6651,3502,375-2,671--
Other operating charges640/8 27,55817,75019,4256,9647,8742,9672,6172,0941,9121,8411,6081,9264,4281,4041,3051,4641,5821,5361,668
Operating charges capitalised as restructuring costs649 ----------21,261---------
Non-recurring operating charges66A 1,993---0149,765----8,960------2,423-
Operating profit (loss)9901 957,371926,115886,271787,865530,879277,13172,75035,67333,517-10,21445,70855,5088,37839,61324,185-1,30937,02924,57733,633
Financial income75/76B 5,72011,0716,2288,1562,3873,2934,8433,8342,1312,103684160-------
Recurring financial income75 5,72011,0716,2288,1562,3873,2934,8433,8342,1312,103684160-------
Financial charges65/66B 82,31850,58917,50617,80319,68217,8598,6058,9029,1976,6102914491,5781,6681,7462,2624,2154,1464,475
Recurring financial charges65 82,31850,58917,50617,80319,68217,8098,6058,9029,1976,6102914491,5781,6681,7462,2624,2154,1464,475
Non-recurring financial charges66B ----050-------------
Profit (loss) for the period before taxes9903 880,773886,597874,993778,218513,585262,56568,98830,60526,4513,33537,14155,2187,21042,36722,439-3,57132,81418,00829,415
Transfer from deferred taxes780 2,7751,251-----------------
Transfer to deferred taxes680 013,875-----------------
Income taxes67/77 172,513112,096198,740122,15287,00630,3913,70738134620111,68818,4631,37813,2642,798-5,5203,769-
Profit (loss) for the period9904 711,035761,877676,253656,066426,579232,17465,28130,22426,1053,13425,45336,7555,83229,10319,641-3,57127,29414,23929,415
Transfer from tax-exempt reserves789 8,3253,753-----------------
Transfer to tax-exempt reserves689 315,750357,375-----15,11212,000----------
Profit (loss) for the period to be appropriated9905 403,610408,255676,253656,066426,579232,17465,28115,11214,1053,13425,45336,7555,83229,10319,641-3,57127,29414,23929,415
Appropriation of the result
Profit (loss) to be appropriated9906 404,075408,465677,210662,098556,032355,259123,08557,80442,69228,58725,45336,7555,83229,10319,641-3,57127,29414,23929,415
Profit (loss) brought forward from the previous period14P 4652109586,032---------------
Transfer from equity791/2 -------------897-3,571---
Transfer to equity691/2 404,075408,000677,000461,140550,000225,806-----36,7555,832-19,641-20,29414,23929,415
To other reserves6921 404,075408,000677,000461,140550,000225,806-----36,7555,832-19,641-20,29414,23929,415
Profit to be distributed694/7 --0200,000---------30,000--7,000--
Return on contributions (dividend)694 -------------30,000-----
Directors or managers695 --0200,000------------7,000--
Social balance sheet
Average staff (FTE)9087 6.45.33.52.6221.40.7-----------
Hours worked1013 10,1338,7885,4574,0093,4713,1961,6261,396-----------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 21 older financial years (1985-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 28 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 31-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 31-01-2026 2026-00029220 PDF
30-06-2024 abbreviated format 31-01-2025 2025-00024475 PDF
30-06-2023 abbreviated format 29-12-2023 2024-00542862 PDF
30-06-2022 abbreviated format 14-12-2022 2022-20538096 PDF
30-06-2021 abbreviated format 23-12-2021 2021-81700371 PDF
30-06-2020 abbreviated format 14-12-2020 2020-75500506 PDF
30-06-2019 abbreviated format 09-12-2019 2019-75700097 PDF
30-06-2018 micro format 13-12-2018 2018-74400254 PDF
30-06-2017 micro format 20-12-2017 2017-73200091 PDF
30-06-2016 abbreviated format 16-11-2016 2016-67800430 PDF
31-12-2014 abbreviated format 15-07-2015 2015-30300288 PDF
31-12-2013 abbreviated format 16-05-2014 2014-12300420 PDF
31-12-2012 abbreviated format 28-06-2013 2013-22600524 PDF
31-12-2011 abbreviated format 22-06-2012 2012-20000305 PDF
31-12-2010 abbreviated format 08-06-2011 2011-14300258 PDF
31-12-2009 abbreviated format 24-06-2010 2010-20600132 PDF
31-12-2008 abbreviated format 29-06-2009 2009-30000171 PDF
31-12-2007 abbreviated format 28-05-2008 2008-16300140 PDF
31-12-2006 abbreviated format 09-07-2007 2007-36100401 PDF
31-12-2005 abbreviated format 26-07-2006 2006-52303888 PDF
31-12-2004 abbreviated format 16-06-2005 2005-26804786 PDF
31-12-2003 abbreviated format 14-06-2004 2004-24500986 PDF
31-12-2002 abbreviated format 05-06-2003 2003-19802940 PDF
31-12-2001 abbreviated format 05-06-2002 2002-17204913 PDF
31-12-2000 abbreviated format 27-07-2001 2001-44005027 PDF
31-12-1999 abbreviated format 28-07-2000 2000-47302739 PDF
31-12-1998 abbreviated format 30-07-1999 1999-38400190 PDF
31-12-1997 abbreviated format 12-06-1998 1998-16500116 PDF
31-12-1996 abbreviated format 06-06-1997 1997-12504829 PDF
31-12-1995 abbreviated format 10-06-1996 1996-14103926 PDF
31-12-1994 abbreviated format 12-06-1995 1995-23000691 PDF
31-12-1993 abbreviated format 13-06-1994 1994-14400132 PDF
31-12-1992 abbreviated format 07-06-1993 1993-10603486 PDF
31-12-1991 abbreviated format 05-06-1992 1992-08802950 PDF
31-12-1990 abbreviated format 03-06-1991 1991-07005159 PDF
31-12-1989 abbreviated format 23-05-1990 1990-05302524 PDF
31-12-1988 abbreviated format 30-05-1989 1989-05603414 PDF
31-12-1987 abbreviated format 13-06-1988 1988-07501411 PDF
31-12-1986 abbreviated format 09-06-1987 1987-09003623 PDF
31-12-1985 abbreviated format 09-06-1986 1986-12401540 PDF

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €2,404 awarded, €2,559 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€562
Year Entries AwardedPaid
2025 1 €359€359
2024 1 €203€203
2023 1 €0€155
2022 1 €1,842€1,842

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201420132012201120102009200820072006
EBITDA 1.7m1.6m1.2m973,694664,648486,519423,109279,017154,128107,07455,99065,88118,75147,19024,6086,10644,35338,30849,708
Cash flow 1.4m1.4m946,138841,895560,348441,562415,641273,569146,716120,42235,73547,12816,20536,68020,0643,84434,61827,97045,490
Investment in fixed assets (approximation) 831,3273.0m456,649338,521610,060670,466745,702392,497114,571362,5520014,24636,4706934554212,6295,000
Change in cash -221,240135,94724,75514,749-268,477276,99529,388-42,48482,939-44,61852,260-1,873-3,389-1,7293,0973,603-10,343-
Working capital 1.3m980,378992,511586,355366,314526,865260,201128,723182,902153,575161,073125,33878,21076,251106,30686,66987,08167,20247,327
Solvency 54.9%48.9%62.4%48.3%41.2%27.1%22.7%25.1%27.3%30.3%89.6%81.0%84.7%82.4%81.9%74.6%61.5%45.2%43.5%
Current ratio 2.822.803.371.992.012.682.051.331.621.969.004.594.884.365.553.922.641.901.89
Quick ratio 1.401.771.670.890.901.731.010.740.941.117.062.462.261.302.962.291.581.070.87
Debt to equity 0.821.040.601.071.432.703.412.982.672.300.120.240.180.210.220.340.631.211.30
ROE 20.0%26.7%32.4%46.4%44.5%43.7%21.8%12.9%12.8%1.8%14.6%24.7%5.2%27.4%18.4%-4.1%30.0%20.2%52.2%
ROA 11.0%13.1%20.2%22.4%18.3%11.8%5.0%3.3%3.5%0.5%13.1%20.0%4.4%22.6%15.0%-3.1%18.5%9.1%22.7%
Interest coverage 20.0531.2766.0554.69---------------

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.

Social balance sheet

Item30-06-202530-06-202430-06-202330-06-2022
Employees at the balance-sheet date8643
full-time8543
part-time0100
in full-time equivalents85.443
Average over the year, in full-time equivalents6.45.33.52.6
On a permanent contract7542
Joined34-24
Left12-23

Source: social balance sheet in the 2022 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item30-06-202530-06-202430-06-202330-06-2022
Debts secured on the company's own assets€2.9m€2.9m€923,611€1.0m
Mortgages, amount registered€50,000€50,000--
Mortgage mandates€3.0m€3.0m--
Carrying value of the mortgaged assets€2.9m€2.9m--
Pledge on the business€250,000€250,000--
Mandates to pledge the business€275,000€275,000--

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€823,367€3.0m€456,649€338,521
Intangible fixed assets€7,960---
Depreciation and write-downs of the year€693,093€656,011€269,886€185,829

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on DEVAN

The operating result for 2025 is 3% higher than in 2024 and the highest since 2006. It is the ninth rise in a row.

Debt's share of the balance-sheet total falls from 50.9% to 44.9%. Equity is higher and debt is lower.

Board & ownership

Board

2 directors, last change in 2021
VAN DAMME Jean-Baptiste
Director (not named in the articles)
since 01-11-2014 term without a fixed end
listed in the 2025 annual accounts, filed on 31-01-2026
VABOD BV
Director (not named in the articles), permanent representative VAN DAMME Thibaut
since 17-09-2021 term without a fixed end
listed in the 2025 annual accounts, filed on 31-01-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 4. Duur De vennootschap is opgericht voor een onbepaalde duur… Artikel 5. Inbrengen De inbrengen worden vertegenwoordigd door 3.000…”
deed of 22-09-2021
Permanent representatives 1
VAN DAMME Thibaut
Permanent representative, for VABOD
appointed by deed of 22-09-2021

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
VAN DAMME Jean-Baptiste
Director (not named in the articles)
VABOD
Director (not named in the articles)
VAN DAMME Thibaut
Director
BoardEarliermandate already running before its first mention
Mandates as a list
  • VAN DAMME Jean-Baptiste
    • Director (not named in the articles), from 01-11-2014 to date
  • VABOD
    • Director (not named in the articles), from 17-09-2021 to date
  • VAN DAMME Thibaut
    • Director, until 22-09-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 22-09-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director

Network & group

No group

DEVAN has no parent and no holdings in its annual accounts. DEVAN shares no director with another company.

Timeline

Timeline

58 events since 1984

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFabbreviated format · on the deadline day
2025
Environmental permit granted OmgevingsloketBouwen of herbouwen, Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Kortrijk
Registered in the Peppol Directory Reachable for e-invoices through 0208:0426594914
Registered office moved from Kuurne to BissegemNew registered office: Bissegemsestraat 207/209, 8501 Bissegem · Previous registered office: Kortrijksestraat 159, 8520 Kuurne · Board meeting of 18-03-20252 points ▸
  • Board meeting, 18-03-2025
  • Registered-office move, Bissegemsestraat 207/209, 8501 Bissegem

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFabbreviated format · on the deadline day
2024
Environmental permit granted OmgevingsloketGevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging · Kortrijk
Environmental permit refused OmgevingsloketKuurne
Highest result from 2006 to 2025 net €761,877 ▲12.7% The net result of €761,877 is the highest of those years.
2023
Annual accounts 2023 filed PDFabbreviated format · 33 days before the deadline
Equity above €2m equity €2.1m ▲47.8% After 13 profitable years in a row, equity reaches €2.1m.
2022
Annual accounts 2022 filed PDFabbreviated format · 48 days before the deadline
Equity above €1m equity €1.4m ▲47.6% After 12 profitable years in a row, equity reaches €1.4m.
2021
Annual accounts 2021 filed PDFabbreviated format · 39 days before the deadline
2 directors appointed, 1 resignationAppointments: VAN DAMME Jean-Baptiste (director) and VABOD (director) · Permanent representative: VAN DAMME Thibaut · Resignation: VAN DAMME Thibaut6 points ▸
  • 3,000 shares
  • Director appointment, VAN DAMME Jean-Baptiste (director (not named in the articles))
  • Director appointment, VABOD (director (not named in the articles))
  • Permanent representative, VAN DAMME Thibaut
  • Director resignation, VAN DAMME Thibaut
  • Registered office clause, Kortrijksestraat 159, 8520 Kuurne
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2020 filed PDFabbreviated format · 48 days before the deadline
Equity above €500,000 equity €530,983 ▲77.7% After 10 profitable years in a row, equity reaches €530,983.
2019
Annual accounts 2019 filed PDFabbreviated format · 53 days before the deadline
Environmental permit granted OmgevingsloketBouwen of herbouwen, Slopen of verwijderen, Slopen van niet vrijstaande gebouwen of constructies · Kuurne
2018
Annual accounts 2018 filed PDFmicro format · 49 days before the deadline
2017
Annual accounts 2017 filed PDFmicro format · 42 days before the deadline
Equity above €200,000 equity €203,304 ▲14.7% After 7 profitable years in a row, equity reaches €203,304.
2016
Annual accounts 2016 filed PDFabbreviated format · 76 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 16 days before the deadline
2014
Equity above €150,000 equity €174,065 ▲17.1% After 5 profitable years in a row, equity reaches €174,065.
Annual accounts 2013 filed PDFabbreviated format · 76 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 33 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 39 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 53 days before the deadline
2010
Back to profit net €19,641 The net result is €19,641, after one loss-making year.
Equity above €100,000 equity €106,922 ▲22.5% Equity rises from €87,280 to €106,922.
Annual accounts 2009 filed PDFabbreviated format · 37 days before the deadline
2009
Weakest financial year net -€3,571 The net result drops to -€3,571, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2008 filed PDFabbreviated format · 32 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 64 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 22 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1991
Annual accounts 1990 filed PDFabbreviated format
1990
Annual accounts 1989 filed PDFabbreviated format
1989
Annual accounts 1988 filed PDFabbreviated format
1988
Annual accounts 1987 filed PDFabbreviated format
1987
Annual accounts 1986 filed PDFabbreviated format
1986
Annual accounts 1985 filed PDFabbreviated format
1985
First establishment Bissegemsestraat (Bis) 207/209, Kortrijk
1984
Incorporation published on 22-01-1985

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 27 December 1984, DEVAN was incorporated.1 In 2025 the registered office moved to Bissegem.2 Total assets went from €1.3m in 2019 to €6.5m in 2025 and headcount from 1.4 to 6.4 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 08-04-2025
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0426.594.914
VAT number
BE 0426.594.914
Peppol ID
0208:0426594914
Other Peppol ID
9925:BE0426594914
Legal form
Private limited company
Status
Active, normal situation
Founded
27-12-1984
Financial year
ends on 30 June
Peppol
Reachable since 22-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
DEVAN in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 22-09-2021 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 22-09-2021 (in Dutch)

Activities

NACEBEL 2025
VAT activities
22220 Manufacture of rubber and plastic products main activity
Social security (RSZ) activities
22220 Manufacture of rubber and plastic products main activity
Joint committees annual accounts 30-06-2025
JC 116 Chemical industry
JC 207 White-collar workers in the chemical industry
Codes under NACEBEL 2008
VAT activities
22220 Manufacture of rubber and plastic products main activity
Social security (RSZ) activities
22220 Manufacture of rubber and plastic products main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“In- en uitvoerhandel van allerlei goederen,onder andere beveiligingsapparatuur,carbochemische producten,cosmetica en…”
4 activities
  1. In- en uitvoerhandel van allerlei goederen,onder andere beveiligingsapparatuur,carbochemische producten,cosmetica en onderhoudsproducten;gereedschappen;elektrische en elektronische toestellen.
  2. Alle loonverpakking onder andere skin-,blister,krimpverpakking,in-,uitvoer en verkoop van verpakkings-,markerings-,dozensluit-,en omsnoeringsmachines.
  3. Foliën en grondstoffen voor verpakking.
  4. Dienstverlening informatica.
deed of 22-09-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Bissegemsestraat (Bis) 207/209 registered office 8501 Kortrijk 01-01-1985 2.026.131.248 Manufacturer of packaging materials
1 former office
  • 8520 Kuurne until 03-02-2025 · deed of 08-04-2025

Buildings and parcels at the address

Ground area
2,512 m²
Buildings
1,723 m²
Volume, LiDAR
9,386 m³
Tallest building
14.1 m
Buildings to scale, each on its own parcel
1,723 m², 14.1 m 1,723 m², 14.1 m

Environmental permits

5 applications in Flanders since 2019 · 3 granted · 1 refused
02-12-2025 Granted Bouwen of herbouwen; Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging submitted 16-09-2025 · project 2025062728 Kortrijk
24-12-2024 Discontinued Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging submitted 25-11-2024 · project 2024154578 Kortrijk
07-10-2024 Granted Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging submitted 05-06-2024 · project 2024077620 Kortrijk
27-08-2024 Refused Verzoek tot bijstelling van de voorwaarden door exploitant of vergunninghouder submitted 26-04-2024 · Verzoek tot bijstelling van de voorwaarden door exploitant of vergunninghouder · project 2024061592 Kuurne
03-12-2019 Granted Bouwen of herbouwen; Slopen of verwijderen; Slopen van niet vrijstaande gebouwen of constructies submitted 11-07-2019 · project 2019078991 Kuurne

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
34007A0339/00M0112,512 m² 1 · 1,723 m² 14.1 m · 2

Recognitions

Food safety, FASFC

1 site
Kortrijkunit number 2.026.131.248
1 permission
Manufacturer of packaging materials · since 01-08-2015

Source: FAVV-AFSCA, open data, updated on 26-10-2026

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