Equity
DEVAN has made a profit in every financial year since 2007.
In July 2024, 31,386 companies had the same profile as DEVAN has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 31,386 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.
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.
DEVAN files the micro format. That format states no turnover. The gross margin rose from €19,234 in 2007 to €31,121 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €75,000 and €230,000.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 202123 months | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
145,049 | 130,234 | 117,509 | 103,585 | 93,409 | 170,298 | 164,307 | 164,662 | 143,229 | 176,319 | 186,867 | 179,553 | 179,743 | 150,976 | 128,443 | 122,019 | 118,887 | 117,509 | |
21/28 |
65,270 | 66,635 | 69,107 | 73,124 | 77,140 | 71,280 | 74,146 | 77,013 | 79,879 | 82,746 | 85,612 | 88,479 | 91,345 | 94,212 | 97,078 | 99,944 | 102,811 | 105,853 | |
22/27 |
65,270 | 66,635 | 69,107 | 73,124 | 77,140 | 71,280 | 74,146 | 77,013 | 79,879 | 82,746 | 85,612 | 88,479 | 91,345 | 94,212 | 97,078 | 99,944 | 102,811 | 105,853 | |
22 |
65,270 | 66,635 | 69,107 | 73,124 | 77,140 | 71,280 | 74,146 | 77,013 | 79,879 | 82,746 | 85,612 | 88,479 | 91,345 | 94,212 | 97,078 | 99,944 | 102,811 | 105,853 | |
29/58 |
79,779 | 63,600 | 48,402 | 30,461 | 16,269 | 99,018 | 90,161 | 87,650 | 63,349 | 93,573 | 101,255 | 91,074 | 88,398 | 56,765 | 31,365 | 22,075 | 16,076 | 11,656 | |
40/41 |
74,804 | 58,227 | 43,626 | 28,988 | 15,326 | 91,444 | 86,115 | 86,978 | 61,393 | 83,253 | 89,018 | 78,689 | 22,216 | 30,725 | 23,945 | 14,565 | 300 | 1,100 | |
40 |
787 | 787 | - | - | - | - | - | - | - | - | 76 | 767 | - | 1,760 | - | - | - | - | |
41 |
74,017 | 57,440 | 43,626 | 28,988 | 15,326 | 91,444 | 86,115 | 86,978 | 61,393 | 83,253 | 88,941 | 77,922 | 22,216 | 28,965 | 23,945 | 14,565 | 300 | 1,100 | |
50/53 |
- | - | - | - | - | - | - | - | - | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | |
54/58 |
3,945 | 4,392 | 2,652 | 634 | 754 | 7,574 | 1,766 | 605 | 1,957 | 767 | 2,002 | 2,377 | 30,381 | 918 | 367 | 510 | 8,766 | 3,556 | |
490/1 |
1,030 | 981 | 2,124 | 839 | 188 | - | 2,280 | 67 | - | 2,553 | 3,235 | 3,008 | 28,801 | 18,121 | 53 | - | 10 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
145,049 | 130,234 | 117,509 | 103,585 | 93,409 | 170,298 | 164,307 | 164,662 | 143,229 | 176,319 | 186,867 | 179,553 | 179,743 | 150,976 | 128,443 | 122,019 | 118,887 | 117,509 | |
10/15 |
133,023 | 116,041 | 99,573 | 88,247 | 75,158 | 164,139 | 157,845 | 155,476 | 142,826 | 139,017 | 135,794 | 144,244 | 140,714 | 136,842 | 119,852 | 110,035 | 100,339 | 91,546 | |
10/11 |
21,766 | 21,766 | 21,766 | 21,766 | 21,766 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
111,257 | 94,275 | 77,807 | 66,481 | 53,392 | 34,139 | 27,845 | 25,476 | 12,826 | 9,017 | 5,794 | 125,652 | 65,157 | 65,157 | 65,157 | 65,157 | 65,157 | 65,157 | |
130 |
- | - | - | - | - | 7,340 | 7,026 | 6,907 | 6,275 | 6,084 | 4,063 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
133 |
111,257 | 94,275 | 77,807 | 66,481 | 53,392 | 26,799 | 20,819 | 18,569 | 6,551 | 2,933 | 1,731 | 123,793 | 63,298 | 63,298 | 63,298 | 63,298 | 63,298 | 63,298 | |
14 |
- | - | - | - | - | - | - | - | - | - | - | - | 56,966 | 53,093 | 36,103 | 26,286 | 16,591 | 7,797 | |
17/49 |
12,026 | 14,193 | 17,936 | 15,338 | 18,251 | 6,158 | 6,462 | 9,186 | 403 | 37,302 | 51,073 | 35,309 | 39,029 | 14,135 | 8,591 | 11,984 | 18,547 | 25,963 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,033 | 8,473 | 14,912 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,033 | 8,473 | 14,912 | |
42/48 |
8,816 | 10,844 | 14,773 | 12,796 | 15,987 | 3,832 | 6,189 | 9,186 | 403 | 37,302 | 51,073 | 35,065 | 35,981 | 9,742 | 5,102 | 7,462 | 7,925 | 11,052 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,033 | 6,439 | 6,546 | 6,439 | |
43 |
5,123 | 3,439 | 3,445 | 3,385 | - | - | - | 6,489 | - | - | - | - | 1,022 | 7,919 | 3,069 | 1,023 | 1,031 | 899 | |
430/8 |
5,123 | 3,439 | 3,445 | 3,385 | - | - | - | 6,489 | - | - | - | - | 1,022 | 7,919 | 3,069 | 1,023 | 1,031 | 899 | |
44 |
787 | 787 | 2,415 | 2,420 | 2,415 | 107 | 105 | 103 | 103 | 102 | 4,560 | 865 | 759 | 1,823 | - | - | 348 | 2,271 | |
440/4 |
787 | 787 | 2,415 | 2,420 | 2,415 | 107 | 105 | 103 | 103 | 102 | 4,560 | 865 | 759 | 1,823 | - | - | 348 | 2,271 | |
45 |
2,113 | 2,113 | 613 | 1,113 | 8,283 | 3,725 | 6,084 | 725 | 300 | - | 6,013 | - | - | - | - | - | - | - | |
450/3 |
2,113 | 2,113 | 613 | 1,113 | 8,283 | 3,725 | 6,084 | 725 | 300 | - | 6,013 | - | - | - | - | - | - | - | |
47/48 |
792 | 4,504 | 8,300 | 5,877 | 5,289 | - | - | 1,870 | - | 37,200 | 40,500 | 34,200 | 34,200 | - | - | - | - | 1,443 | |
492/3 |
3,210 | 3,349 | 3,163 | 2,542 | 2,264 | 2,326 | 273 | - | - | - | - | 244 | 3,048 | 4,393 | 3,489 | 2,489 | 2,150 | - | |
| Income statement | |||||||||||||||||||
9900 |
31,121 | 28,640 | 25,559 | 27,435 | 44,984 | 11,058 | 13,227 | 25,820 | 12,196 | 48,089 | 51,454 | 45,175 | 40,170 | 29,980 | 19,255 | 20,113 | 19,040 | 19,234 | |
630 |
1,365 | 2,473 | 4,016 | 4,016 | 8,055 | 2,866 | 2,866 | 2,866 | 2,866 | 2,866 | 2,866 | 2,866 | 2,866 | 2,866 | 2,866 | 2,866 | 3,042 | 3,042 | |
640/8 |
6,410 | 6,180 | 5,776 | 5,484 | 9,984 | 5,061 | 7,197 | 4,829 | 5,152 | 4,789 | 4,740 | 4,717 | 348 | 2,905 | 2,997 | 3,183 | 2,499 | 2,702 | |
9901 |
23,347 | 19,987 | 15,767 | 17,934 | 26,946 | 3,131 | 3,163 | 18,124 | 4,178 | 40,434 | 43,847 | 37,592 | 36,956 | 24,208 | 13,392 | 14,064 | 13,500 | 13,490 | |
75/76B |
- | 2,415 | - | - | - | 6,115 | 84 | - | 503 | 2 | 228 | 144 | 1,304 | 1 | 1 | 10 | 6 | 15 | |
75 |
- | 2,415 | - | - | - | 6,115 | 84 | - | 503 | 2 | 228 | 144 | 1,304 | 1 | 1 | 10 | 6 | 15 | |
65/66B |
365 | 588 | 458 | 240 | - | 1 | 72 | 12 | - | - | - | 7 | 203 | 228 | 305 | 699 | 1,080 | 1,149 | |
65 |
365 | 588 | 458 | 240 | - | 1 | 72 | 12 | - | - | - | 7 | 203 | 228 | 305 | 699 | 1,080 | 1,149 | |
9903 |
22,981 | 21,814 | 15,309 | 17,694 | 26,946 | 9,245 | 3,175 | 18,112 | 4,681 | 40,436 | 44,076 | 37,729 | 38,057 | 23,982 | 13,088 | 13,374 | 12,426 | 12,356 | |
67/77 |
6,000 | 5,345 | 3,982 | 4,605 | 7,694 | 2,951 | 807 | 5,461 | 872 | 13 | - | -1 | -16 | 6,992 | 3,271 | 3,679 | 3,633 | 4,559 | |
9904 |
16,981 | 16,468 | 11,327 | 13,089 | 19,252 | 6,295 | 2,369 | 12,650 | 3,809 | 40,423 | 44,076 | 37,730 | 38,073 | 16,990 | 9,816 | 9,696 | 8,794 | 7,797 | |
9905 |
16,981 | 16,468 | 11,327 | 13,089 | 19,252 | 6,295 | 2,369 | 12,650 | 3,809 | 40,423 | 44,076 | 37,730 | 38,073 | 16,990 | 9,816 | 9,696 | 8,794 | 7,797 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
16,981 | 16,468 | 11,327 | 13,089 | 19,252 | 6,295 | 2,369 | 12,650 | 3,809 | 40,423 | 44,076 | 94,695 | 91,166 | 53,093 | 36,103 | 26,286 | 16,591 | 7,797 | |
791/2 |
- | - | - | - | - | - | - | - | - | - | 120,260 | - | - | - | - | - | - | - | |
691/2 |
16,981 | 16,468 | 11,327 | 13,089 | 19,252 | 6,295 | 2,369 | 12,650 | 3,809 | 3,223 | 3,576 | 60,495 | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | 315 | 118 | 633 | 190 | 2,021 | 2,204 | - | - | - | - | - | - | - | |
6921 |
16,981 | 16,468 | 11,327 | 13,089 | 19,252 | 5,980 | 2,250 | 12,018 | 3,618 | 1,202 | 1,372 | 60,495 | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | 37,200 | 160,760 | 34,200 | 34,200 | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | 120,260 | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | 37,200 | 40,500 | 34,200 | 34,200 | - | - | - | - | - | |
| Document | |||||||||||||||||||
The accounts for 16 older financial years (1991-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 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 10-12-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-05-2025 | micro format | 10-12-2025 | 2025-00578874 | |
| 31-05-2024 | micro format | 11-12-2024 | 2024-00613837 | |
| 31-05-2023 | micro format | 13-12-2023 | 2023-00526915 | |
| 31-05-2022 | micro format | 19-12-2022 | 2022-20539680 | |
| 31-05-2021 | micro format | 22-12-2021 | 2021-81100114 | |
| 30-06-2019 | micro format | 27-01-2020 | 2020-02100465 | |
| 30-06-2018 | micro format | 29-01-2019 | 2019-02500080 | |
| 30-06-2017 | micro format | 22-01-2018 | 2018-01800347 | |
| 30-06-2016 | abbreviated format | 25-01-2017 | 2017-01900057 | |
| 30-06-2015 | abbreviated format | 21-12-2015 | 2015-69400326 | |
| 30-06-2014 | abbreviated format | 13-01-2015 | 2015-00900039 | |
| 30-06-2013 | abbreviated format | 29-01-2014 | 2014-01600312 | |
| 30-06-2012 | abbreviated format | 26-10-2012 | 2012-61700264 | |
| 30-06-2011 | abbreviated format | 26-01-2012 | 2012-01400400 | |
| 30-06-2010 | abbreviated format | 06-12-2010 | 2010-62200501 | |
| 30-06-2009 | abbreviated format | 28-01-2010 | 2010-02500313 | |
| 30-06-2008 | abbreviated format | 12-12-2008 | 2008-84700022 | |
| 30-06-2007 | abbreviated format | 03-12-2007 | 2007-81500054 | |
| 30-06-2006 | abbreviated format | 28-12-2006 | 2006-92500163 | |
| 30-06-2005 | abbreviated format | 16-12-2005 | 2005-89500116 | |
| 30-06-2004 | abbreviated format | 06-01-2005 | 2005-00100160 | |
| 30-06-2003 | abbreviated format | 15-03-2004 | 2004-06700237 | |
| 30-06-2002 | abbreviated format | 31-01-2003 | 2003-02700219 | |
| 30-06-2001 | abbreviated format | 28-01-2002 | 2002-02500100 | |
| 30-06-2000 | abbreviated format | 15-12-2000 | 2000-75800010 | |
| 30-06-1999 | abbreviated format | 27-12-1999 | 1999-64804215 | |
| 30-06-1998 | abbreviated format | 28-01-1999 | 1999-01901924 | |
| 30-06-1997 | abbreviated format | 08-01-1998 | 1998-00501069 | |
| 30-06-1996 | abbreviated format | 28-02-1997 | 1997-02703337 | |
| 30-06-1995 | abbreviated format | 18-02-1997 | 1997-02203543 | |
| 30-06-1994 | abbreviated format | 23-03-1995 | 1995-04400667 | |
| 30-06-1993 | abbreviated format | 20-01-1994 | 1994-01104143 | |
| 30-06-1992 | abbreviated format | 04-02-1993 | 1993-01901248 | |
| 30-06-1991 | abbreviated format | 30-01-1992 | 1992-01300771 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 202123 months | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24,711 | 22,460 | 19,783 | 21,951 | 35,000 | 5,998 | 6,030 | 20,990 | 7,044 | 43,300 | 46,714 | 40,458 | 39,823 | 27,075 | 16,258 | 16,930 | 16,542 | 16,532 | ||
| 18,346 | 18,941 | 15,343 | 17,105 | 27,307 | 9,161 | 5,235 | 15,517 | 6,675 | 43,290 | 46,942 | 40,596 | 40,939 | 19,857 | 12,683 | 12,562 | 11,835 | 10,839 | ||
| 0 | 0 | 0 | 0 | 13,915 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | - | ||
| -447 | 1,740 | 2,018 | -120 | -6,819 | 5,808 | 1,161 | -1,352 | 1,189 | -1,235 | -375 | -28,004 | 29,462 | 552 | -143 | -8,256 | 5,210 | - | ||
| 70,963 | 52,756 | 33,629 | 17,665 | 281 | 95,186 | 83,972 | 78,463 | 62,946 | 56,271 | 50,182 | 56,009 | 52,417 | 47,023 | 26,263 | 14,613 | 8,151 | 605 | ||
| 91.7% | 89.1% | 84.7% | 85.2% | 80.5% | 96.4% | 96.1% | 94.4% | 99.7% | 78.8% | 72.7% | 80.3% | 78.3% | 90.6% | 93.3% | 90.2% | 84.4% | 77.9% | ||
| 9.05 | 5.87 | 3.28 | 2.38 | 1.02 | 25.84 | 14.57 | 9.54 | - | 2.51 | 1.98 | 2.60 | 2.46 | 5.83 | 6.15 | 2.96 | 2.03 | 1.05 | ||
| 0.09 | 0.12 | 0.18 | 0.17 | 0.24 | 0.04 | 0.04 | 0.06 | 0.00 | 0.27 | 0.38 | 0.24 | 0.28 | 0.10 | 0.07 | 0.11 | 0.18 | 0.28 | ||
| 12.8% | 14.2% | 11.4% | 14.8% | 25.6% | 3.8% | 1.5% | 8.1% | 2.7% | 29.1% | 32.5% | 26.2% | 27.1% | 12.4% | 8.2% | 8.8% | 8.8% | 8.5% | ||
| 11.7% | 12.6% | 9.6% | 12.6% | 20.6% | 3.7% | 1.4% | 7.7% | 2.7% | 22.9% | 23.6% | 21.0% | 21.2% | 11.3% | 7.6% | 7.9% | 7.4% | 6.6% | ||
| 67.64 | 38.17 | 43.19 | 91.40 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 31-05-2025 | 31-05-2024 | 31-05-2023 | 31-05-2022 |
|---|---|---|---|---|
| Mortgages, amount registered | €198,315 | €198,315 | €198,315 | €198,315 |
| Carrying value of the mortgaged assets | €65,270 | €66,635 | €69,107 | €73,124 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
The operating result for 2025 is 17% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 10.9% to 8.3%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
DEVAN has no parent and no holdings in its annual accounts. is the only director.
| ARGENTEUIL
registered office since 18-07-1990 · founded in 1990 |
total assets €807,507 (2025) 0440.929.930 |
The network starts from the directors of DEVAN. Every other company they run is a node.
Deadline for the 2026 accounts: 31-12-2026
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 |
|---|---|---|
| Westlaan 255 registered office 8800 Roeselare | ||
| DEVAN BVBA Westlaan 257, 8800 Roeselare 68201 Renting and operating of own or leased residential real estate, excluding social housing | 28-06-1990 | 2.052.648.474 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36504D0660/00K003 | 1,031 m² | 1 · 402 m² | 12.1 m · 2 |
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