Devan & Co
ActiveSummary
The computed 12-month bankruptcy probability of Devan & Co is 2.4% (moderate). The 2025 annual accounts show equity of €15,075 and a net result of €11,567. Its solvency ranks better than 32% of 22,382 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 0.2 FTE
- Equity
- €15,075
- Profit
- €11,567
Why 54raises riskLatest accounts 49 days late; 2 of the last 3 lateFounded in 2024Size: total assets €112,014lowers riskLiquidity: current ratio 0.71, cash €42,367Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 30% on solvency, 70% on liquidity, 74% on profitability and 98% on growth.
The bankruptcy probability was computed on 19-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 2 accounts on average 40 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointments: DESARD Peter Alfons Ghislain…
Financials · financial year 2025, micro format
2025 annual accounts filed late (49 days) Filed on 18 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00520518.
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 684% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €3,048 | - |
| Remuneration, social security and pensions62 | - | €1,986 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,923 | €9,299 | ▲ 383% |
| Other operating charges640/8 | €683 | €1,384 | ▲ 103% |
| Gross operating margin9900 | €4,707 | €29,131 | ▲ 519% |
| Operating profit (loss)9901 | €2,100 | €16,462 | ▲ 684% |
| Financial income75/76B | - | €1 | - |
| Recurring financial income75 | - | €1 | - |
| Financial charges65/66B | €405 | €1,470 | ▲ 263% |
| Recurring financial charges65 | €405 | €1,470 | ▲ 263% |
| Profit (loss) for the period before taxes9903 | €1,695 | €14,993 | ▲ 784% |
| Income taxes67/77 | €187 | €3,427 | ▲ 1,735% |
| Profit (loss) for the period9904 | €1,508 | €11,567 | ▲ 667% |
| Profit (loss) for the period to be appropriated9905 | €1,508 | €11,567 | ▲ 667% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €57,387 | €112,014 | ▲ 95.2% |
| Fixed assets21/28 | €38,001 | €61,082 | ▲ 60.7% |
| Tangible fixed assets22/27 | €38,001 | €61,082 | ▲ 60.7% |
| Plant, machinery and equipment23 | €11,780 | €10,952 | ▼ 7.0% |
| Furniture and vehicles24 | €26,220 | €50,130 | ▲ 91.2% |
| Current assets29/58 | €19,387 | €50,931 | ▲ 163% |
| Amounts receivable within one year40/41 | €6,470 | €5,845 | ▼ 9.7% |
| Trade receivables40 | €3,717 | €3,451 | ▼ 7.2% |
| Other amounts receivable41 | €2,754 | €2,395 | ▼ 13.0% |
| Cash at bank and in hand54/58 | €12,859 | €42,367 | ▲ 229% |
| Deferred charges and accrued income490/1 | €57 | €2,719 | ▲ 4,673% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €57,387 | €112,014 | ▲ 95.2% |
| Equity10/15 | €3,508 | €15,075 | ▲ 330% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Reserves13 | €1,508 | €13,075 | ▲ 767% |
| Distributable reserves133 | €1,508 | €13,075 | ▲ 767% |
| Amounts payable17/49 | €53,879 | €96,938 | ▲ 79.9% |
| Amounts payable after more than one year17 | €25,046 | €25,695 | ▲ 2.6% |
| Financial debts170/4 | €25,046 | €25,695 | ▲ 2.6% |
| Amounts payable within one year42/48 | €28,833 | €71,244 | ▲ 147% |
| Current portion of amounts payable after more than one year42 | - | €1,837 | - |
| Trade debts44 | €11,025 | €13,258 | ▲ 20.3% |
| Suppliers440/4 | €11,025 | €13,258 | ▲ 20.3% |
| Taxes, remuneration and social security45 | €308 | €5,630 | ▲ 1,726% |
| Taxes450/3 | €308 | €3,862 | ▲ 1,153% |
| Remuneration and social security454/9 | - | €1,768 | - |
| Other amounts payable47/48 | €17,500 | €50,520 | ▲ 189% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €1,508 | €11,567 | ▲ 667% |
| + Depreciation and write-downs630 | €1,923 | €9,299 | ▲ 383% |
| Operating cash flow (approximation) | €3,432 | €20,865 | ▲ 508% |
| Investment in fixed assets (approximation) | - | -€32,380 | - |
| Change in cash | - | €29,507 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 18-09-2026 | 2026-00520518 |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00468110 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €2,000 awarded · €2,000 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
05-08
Gazette deed
IncorporationAppointments: DESARD Peter Alfons Ghislain, VANMECHELEN Katrien and VANMECHELEN Marc Marcelle Ghislain · Founder · Founding capital7 facts ▸
- Incorporation, 31-07-2024
- Founder, DESARD Peter Alfons Ghislain
- Founder, VANMECHELEN Katrien
- Founding capital, €2,000
- Director appointment, DESARD Peter Alfons Ghislain (director (not named in the articles))
- Director appointment, VANMECHELEN Katrien (director (not named in the articles))
- Director appointment, VANMECHELEN Marc Marcelle Ghislain (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1012.109.579
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24130C0337/00A000 | Flanders | 3,908 m² | 1 · 277 m² | 8.7 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Uitbating foodtruck; Catering,horeca-activiteiten; Markt- en straathandel; Verhuur machines en rollend materieel; Administratieve diensten…” (deed in Dutch)
7 activities (deed in Dutch)
- Uitbating foodtruck
- Catering,horeca-activiteiten
- Markt- en straathandel
- Verhuur machines en rollend materieel
- Administratieve diensten
- Grondwerken
- Beheer onroerend goed
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Devan & Co
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Sint-Truidensesteenweg 43,3440 Zoutleeuw” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,aandeelhouders of niet, 1” (deed in Dutch)“Behoudens inrichting door algemene vergadering van collegiaal bestuursorgaan, geheel van bevoegdheden toegekend met mogelijkheid deel te…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of June at 20:00