DEVAN
ActiveThe computed 12-month bankruptcy probability of DEVAN is 1.9% (moderate). The 2025 annual accounts show equity of €37k and a net result of €-4k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 13270 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-5
Solvency38=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.36 in 2024; short-term debt: 47% and cash: 17.2% of total assets), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.9%
Return on assets
-1.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
66 d early
2024
66 d early
2023
68 d early
2022
68 d early
2021
68 d early
2020
67 d early
2019
67 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€37k▼ 10.2%
2024 · €41k
2018: €22k
2019: €15k
2020: €15k
2021: €25k
2022: €27k
2023: €34k
2024: €41k
2018 → 2025
Total assets
€288k▼ 8.5%
2024 · €314k
2018: €443k
2019: €373k
2020: €333k
2021: €304k
2022: €308k
2023: €301k
2024: €314k
2018 → 2025
Net result
€-4k
2024 · €7k
2018: €2k
2019: €-7k
2020: €233
2021: €10k
2022: €2k
2023: €7k
2024: €7k
2018 → 2025
Working capital
€-75k▲ 10.7%
2024 · €-83k
2018: €-129k
2019: €-124k
2020: €-122k
2021: €-100k
2022: €-92k
2023: €-79k
2024: €-83k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€27k▲ 7.9%€34k▲ 23.5%€41k▲ 21.9%€37k▼ 10.2%
Operating result€14k-€7k▼ 46.3%€16k▲ 121%€14k▼ 11.1%€2k▼ 88.2%
Net result€10k-€2k▼ 80.1%€7k▲ 263%€7k▲ 2.2%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €288k
Fixed assets
€227k▼ 14.9%
Current assets
€61k▲ 27.3%
Equity and liabilities €288k
Equity
€37k▼ 10.2%
Debt
€251k▼ 8.2%
The debt ratio rises from 86.9% to 87.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€41k▼
2024 · €50k
Cash flow
€36k▼
2024 · €43k
Solvency
12.9%▼
2024 · 13.1%
Current ratio
0.45▲
2024 · 0.36
Quick ratio
0.40▲
2024 · 0.31
Debt / equity
6.78▲
2024 · 6.63
ROE
-11.4%▼
2024 · 18.0%
ROA
-1.5%▼
2024 · 2.4%
Interest coverage
7.32▼
2024 · 9.93
Debt
€251k▼
2024 · €273k
Debt ≤ 1 year
€135k▲
2024 · €131k
Debt > 1 year
€115k▼
2024 · €142k
Income taxes
€250▼
2024 · €2k
Staff costs
€13k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€314k€288k▼
Fixed assets21/28€267k€227k▼
Tangible fixed assets22/27€267k€227k▼
Land and buildings22€201k€174k▼
Plant, machinery and equipment23€65k€52k▼
Furniture and vehicles24€1k€513▼
Current assets29/58€48k€61k▲
Stocks and contracts in progress3€7k€6k▼
Stocks30/36€7k€6k▼
Amounts receivable within one year40/41€3k€2k▼
Trade receivables40€3k€2k▼
Other amounts receivable41€366€233▼
Cash at bank and in hand54/58€35k€49k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€314k€288k▼
Equity10/15€41k€37k▼
Contributions10/11€6k€6k=
Reserves13€35k€35k=
Distributable reserves133€35k€35k=
Profit (loss) carried forward14-€-4k
Amounts payable17/49€273k€251k▼
Amounts payable after more than one year17€142k€115k▼
Financial debts170/4€142k€115k▼
Amounts payable within one year42/48€131k€135k▲
Current portion of amounts payable after more than one year42€28k€27k▼
Trade debts44€6k€22k▲
Suppliers440/4€6k€22k▲
Taxes, remuneration and social security45€9k€9k▲
Taxes450/3€8k€4k▼
Remuneration and social security454/9€519€6k▲
Other amounts payable47/48€88k€77k▼
Income statement
Code20242025
Non-recurring operating income76A-€9k
Remuneration, social security and pensions62€9k€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€40k▲
Other operating charges640/8€5k€6k▲
Non-recurring operating charges66A€572-
Gross operating margin9900€64k€61k▼
Operating profit (loss)9901€14k€2k▼
Financial income75/76B€205-
Recurring financial income75€205-
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€10k€-4k▼
Income taxes67/77€2k€250▼
Profit (loss) for the period9904€7k€-4k▼
Profit (loss) for the period to be appropriated9905€7k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-4k▼
Transfer to equity691/2€7k-
To other reserves6921€7k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €10k ▲4189%
Net result €10k, the highest in the series.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €233
Net result €233 after one loss-making year.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-7k ▼379%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Staden · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Polenstraat(ONK) 18840 StadenGround area
960 m²
Building footprint
271 m²
Volume, LiDAR
1,491 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Frituur – Eethuis De Flandrien
since 20172.256.264.540
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36014C0083/00K000 | Flanders | 594 m² | 1 · 117 m² | 8.0 m · 2 fl. |
| 36503C1261/00S004 | Flanders | 365 m² | 1 · 154 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.256.264.540
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,454 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-2016
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.