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DEVAN

Active
Private limited companyfounded 199036 yrs activeWestlaan 255, 8800 Roeselare, BelgiumKBO/BCE: BE 0440.938.838
Summary

DEVAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133,023 and a net result of €16,981. Equity is growing by ~14.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability83▼-2
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 9.05 against 5.87 in 2024; short-term debt: 6.1% and cash: 2.7% of total assets), and 8.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
91.7%
Return on assets
11.7%
Age of the figures
16 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 10-12-2025, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 d early
2024
20 d early
2023
18 d early
2022
12 d early
2021
9 d early
2019
4 d early
2018
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-05-2026 close27-09-2026 today31-12-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DEVAN was incorporated on 28 May 1990.1 Total assets fell from EUR 170,298 in 2019 to EUR 145,049 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€133,023▲ 14.6%
2024 · €116,041
Total assets
€145,049▲ 11.4%
2024 · €130,234
Net result
€16,981▲ 3.1%
2024 · €16,468
Working capital
€70,963▲ 34.5%
2024 · €52,756
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€26,946-€17,934▼ 33.4%€15,767▼ 12.1%€19,987▲ 26.8%€23,347▲ 16.8%
Net result€19,252-€13,089▼ 32.0%€11,327▼ 13.5%€16,468▲ 45.4%€16,981▲ 3.1%
Equity€75,158-€88,247▲ 17.4%€99,573▲ 12.8%€116,041▲ 16.5%€133,023▲ 14.6%
Total assets€93,409-€103,585▲ 10.9%€117,509▲ 13.4%€130,234▲ 10.8%€145,049▲ 11.4%
Debt€18,251-€15,338▼ 16.0%€17,936▲ 16.9%€14,193▼ 20.9%€12,026▼ 15.3%
Working capital€281-€17,665▲ 6,181%€33,629▲ 90.4%€52,756▲ 56.9%€70,963▲ 34.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2021: €26,946€26,946Net result 2021: €19,252€19,252Operating result 2022: €17,934€17,934Net result 2022: €13,089€13,089Operating result 2023: €15,767€15,767Net result 2023: €11,327€11,327Operating result 2024: €19,987€19,987Net result 2024: €16,468€16,468Operating result 2025: €23,347€23,347Net result 2025: €16,981€16,98120212022202320242025€0€10,000€20,000Operating result 2023: €15,767€15,800Net result 2023: €11,327€11,300Operating result 2024: €19,987€20,000Net result 2024: €16,468€16,500Operating result 2025: €23,347€23,300Net result 2025: €16,981€17,000202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145,049
Fixed assets €65,270 ▼ 2.0%
Current assets €79,779 ▲ 25.4%
Equity and liabilities €145,049
Equity €133,023 ▲ 14.6%
Debt €12,026 ▼ 15.3%
Debt's share of the balance-sheet total falls from 10.9% to 8.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€24,711▲
2024 · €22,460
Cash flow
€18,346▼
2024 · €18,941
Current ratio
9.05▲
2024 · 5.87
Debt to equity
0.09▼
2024 · 0.12
ROE
12.8%▼
2024 · 14.2%
ROA
11.7%▼
2024 · 12.6%
Interest coverage
67.64▲
2024 · 38.17
Debt ≤ 1 year
€8,816▼
2024 · €10,844
Income taxes
€6,000▲
2024 · €5,345
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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

An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€130,234€145,049▲
Fixed assets21/28€66,635€65,270▼
Tangible fixed assets22/27€66,635€65,270▼
Land and buildings22€66,635€65,270▼
Current assets29/58€63,600€79,779▲
Amounts receivable within one year40/41€58,227€74,804▲
Trade receivables40€787€787=
Other amounts receivable41€57,440€74,017▲
Cash at bank and in hand54/58€4,392€3,945▼
Deferred charges and accrued income490/1€981€1,030▲
Equity and liabilities
Total equity and liabilities10/49€130,234€145,049▲
Equity10/15€116,041€133,023▲
Contributions10/11€21,766€21,766=
Reserves13€94,275€111,257▲
Distributable reserves133€94,275€111,257▲
Amounts payable17/49€14,193€12,026▼
Amounts payable within one year42/48€10,844€8,816▼
Financial debts43€3,439€5,123▲
Credit institutions430/8€3,439€5,123▲
Trade debts44€787€787=
Suppliers440/4€787€787=
Taxes, remuneration and social security45€2,113€2,113=
Taxes450/3€2,113€2,113=
Other amounts payable47/48€4,504€792▼
Accrued charges and deferred income492/3€3,349€3,210▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,473€1,365▼
Other operating charges640/8€6,180€6,410▲
Gross operating margin9900€28,640€31,121▲
Operating profit (loss)9901€19,987€23,347▲
Financial income75/76B€2,415-
Recurring financial income75€2,415-
Financial charges65/66B€588€365▼
Recurring financial charges65€588€365▼
Profit (loss) for the period before taxes9903€21,814€22,981▲
Income taxes67/77€5,345€6,000▲
Profit (loss) for the period9904€16,468€16,981▲
Profit (loss) for the period to be appropriated9905€16,468€16,981▲
Appropriation of the result
Profit (loss) to be appropriated9906€16,468€16,981▲
Transfer to equity691/2€16,468€16,981▲
To other reserves6921€16,468€16,981▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,055€4,016€4,016€2,473€1,365▼ 44.8%
Other operating charges640/8-€5,484€5,776€6,180€6,410▲ 3.7%
Gross operating margin9900€44,984€27,435€25,559€28,640€31,121▲ 8.7%
Operating profit (loss)9901€26,946€17,934€15,767€19,987€23,347▲ 16.8%
Financial income75/76B---€2,415--
Recurring financial income75---€2,415--
Financial charges65/66B-€240€458€588€365▼ 37.9%
Recurring financial charges65-€240€458€588€365▼ 37.9%
Profit (loss) for the period before taxes9903€26,946€17,694€15,309€21,814€22,981▲ 5.4%
Income taxes67/77€7,694€4,605€3,982€5,345€6,000▲ 12.2%
Profit (loss) for the period9904€19,252€13,089€11,327€16,468€16,981▲ 3.1%
Profit (loss) for the period to be appropriated9905€19,252€13,089€11,327€16,468€16,981▲ 3.1%
Line20212022202320242025Change
Assets
Total assets20/58€93,409€103,585€117,509€130,234€145,049▲ 11.4%
Fixed assets21/28€77,140€73,124€69,107€66,635€65,270▼ 2.0%
Tangible fixed assets22/27€77,140€73,124€69,107€66,635€65,270▼ 2.0%
Land and buildings22-€73,124€69,107€66,635€65,270▼ 2.0%
Current assets29/58€16,269€30,461€48,402€63,600€79,779▲ 25.4%
Amounts receivable within one year40/41€15,326€28,988€43,626€58,227€74,804▲ 28.5%
Trade receivables40---€787€787=
Other amounts receivable41-€28,988€43,626€57,440€74,017▲ 28.9%
Cash at bank and in hand54/58€754€634€2,652€4,392€3,945▼ 10.2%
Deferred charges and accrued income490/1-€839€2,124€981€1,030▲ 5.0%
Equity and liabilities
Total equity and liabilities10/49€93,409€103,585€117,509€130,234€145,049▲ 11.4%
Equity10/15€75,158€88,247€99,573€116,041€133,023▲ 14.6%
Contributions10/11-€21,766€21,766€21,766€21,766=
Reserves13€53,392€66,481€77,807€94,275€111,257▲ 18.0%
Distributable reserves133-€66,481€77,807€94,275€111,257▲ 18.0%
Amounts payable17/49€18,251€15,338€17,936€14,193€12,026▼ 15.3%
Amounts payable within one year42/48€15,987€12,796€14,773€10,844€8,816▼ 18.7%
Financial debts43-€3,385€3,445€3,439€5,123▲ 49.0%
Credit institutions430/8-€3,385€3,445€3,439€5,123▲ 49.0%
Trade debts44€2,415€2,420€2,415€787€787=
Suppliers440/4-€2,420€2,415€787€787=
Taxes, remuneration and social security45-€1,113€613€2,113€2,113=
Taxes450/3-€1,113€613€2,113€2,113=
Other amounts payable47/48-€5,877€8,300€4,504€792▼ 82.4%
Accrued charges and deferred income492/3-€2,542€3,163€3,349€3,210▼ 4.2%
Line20212022202320242025Change
Profit (loss) for the period9904€19,252€13,089€11,327€16,468€16,981▲ 3.1%
+ Depreciation and write-downs630€8,055€4,016€4,016€2,473€1,365▼ 44.8%
Operating cash flow (approximation)€27,307€17,105€15,343€18,941€18,346▼ 3.1%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€120€2,018€1,740-€447▼ 126%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-12-2026
2025
10-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
11-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
31-05
Financial Equity above €100,000Eq €116,041 ▲16.5%
5 profitable years in a row build equity to €116,041.
2023
13-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
19-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
31-05
Financial Liquidity doublescurrent ratio 2.38
Current ratio from 1.02 to 2.38; short-term debt falls from €15,987 to €12,796.
2021
22-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
31-05
Financial Highest result since 2019net €19,252 ▲206%
Operating result €26,946, net result €19,252, both a record.
2020
27-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
22-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
25-01
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
21-12
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Roeselare · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
1,031 m²
Building footprint
402 m²
Volume, LiDAR
2,724 m³
Parcel 36504D0660/00K003, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
DEVAN BVBA
Westlaan 257, 8800 RoeselareInsurance, reinsurance and pension funding, except compulsory social security
since 19902.052.648.474
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36504D0660/00K003 Flanders 1,031 m² 1 · 402 m² 12.1 m · 2 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded28-05-1990
Fiscal year end31-05
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.