DEVAN GROUP
ActiveDEVAN GROUP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €516k and a net result of €27k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▼-6
Solvency50▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity ample (current ratio 1.52 against 1.67 in 2023; short-term debt: 49% and cash: 0.5% of total assets), but 74.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
25.4%
Return on assets
1.3%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 145 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 29-04-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
1 d early
2023
on the day
2022
11 d late
2021
205 d late
2020
43 d early
2019
56 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€27k▼ 37.3%
2023 · €43k
2018: €22k
2019: €-21k
2020: €33k
2021: €29k
2022: €92k
2023: €43k
2018 → 2024
Working capital
€516k▲ 2.6%
2023 · €503k
2018: €240k
2019: €488k
2020: €464k
2021: €445k
2022: €486k
2023: €503k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€326k-€355k▲ 8.8%€447k▲ 26.0%€489k▲ 9.5%€516k▲ 5.5%
Operating result€65k-€111k▲ 70.8%€155k▲ 39.0%€94k▼ 39.2%€92k▼ 1.9%
Net result€33k-€29k▼ 12.7%€92k▲ 222%€43k▼ 53.7%€27k▼ 37.3%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.03M
Fixed assets
€519k▼ 8.8%
Current assets
€1.51M▲ 20.6%
Equity and liabilities €2.03M
Equity
€516k▲ 5.5%
Debt
€1.52M▲ 13.6%
The debt ratio rises from 73.2% to 74.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€151k▼
2023 · €155k
Cash flow
€85k▼
2023 · €104k
Solvency
25.4%▼
2023 · 26.8%
Current ratio
1.52▼
2023 · 1.67
Quick ratio
1.15▲
2023 · 1.06
Debt / equity
2.94▲
2023 · 2.73
ROE
5.2%▼
2023 · 8.7%
ROA
1.3%▼
2023 · 2.3%
Interest coverage
2.61▼
2023 · 3.20
Debt
€1.52M▲
2023 · €1.33M
Debt ≤ 1 year
€996k▲
2023 · €750k
Debt > 1 year
€505k▼
2023 · €571k
Income taxes
€14k▼
2023 · €21k
Staff costs
€105k▼
2023 · €125k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.82M€2.03M▲
Fixed assets21/28€570k€519k▼
Intangible fixed assets21€15k€10k▼
Tangible fixed assets22/27€554k€509k▼
Land and buildings22€429k€399k▼
Plant, machinery and equipment23€184-
Furniture and vehicles24€22k€18k▼
Other tangible fixed assets26€102k€91k▼
Financial fixed assets28€750€750=
Current assets29/58€1.25M€1.51M▲
Amounts receivable after more than one year29€150k€150k=
Other amounts receivable291€150k€150k=
Stocks and contracts in progress3€458k€364k▼
Stocks30/36€458k€364k▼
Amounts receivable within one year40/41€626k€983k▲
Trade receivables40€550k€678k▲
Other amounts receivable41€76k€305k▲
Cash at bank and in hand54/58€11k€9k▼
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.82M€2.03M▲
Equity10/15€489k€516k▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Revaluation surpluses12€64k€64k=
Reserves13€13k€13k=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Profit (loss) carried forward14€162k€189k▲
Amounts payable17/49€1.33M€1.52M▲
Amounts payable after more than one year17€571k€505k▼
Financial debts170/4€571k€505k▼
Amounts payable within one year42/48€750k€996k▲
Current portion of amounts payable after more than one year42€77k€103k▲
Financial debts43€250k€350k▲
Credit institutions430/8€250k€350k▲
Trade debts44€373k€436k▲
Suppliers440/4€373k€436k▲
Advances received on contracts in progress46-€14k
Taxes, remuneration and social security45€51k€49k▼
Taxes450/3€35k€37k▲
Remuneration and social security454/9€16k€12k▼
Other amounts payable47/48-€44k
Accrued charges and deferred income492/3€12k€14k▲
Income statement
Code20232024
Non-recurring operating income76A€11k€20k▲
Remuneration, social security and pensions62€125k€105k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€59k▼
Other operating charges640/8€18k€21k▲
Non-recurring operating charges66A-€307
Gross operating margin9900€299k€277k▼
Operating profit (loss)9901€94k€92k▼
Financial income75/76B€18k€7k▼
Recurring financial income75€18k€7k▼
Financial charges65/66B€49k€58k▲
Recurring financial charges65€49k€58k▲
Profit (loss) for the period before taxes9903€64k€41k▼
Income taxes67/77€21k€14k▼
Profit (loss) for the period9904€43k€27k▼
Profit (loss) for the period to be appropriated9905€43k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€164k€189k▲
Profit (loss) brought forward from the previous period14P€122k€162k▲
Transfer to equity691/2€3k-
To the legal reserve6920€3k-
Social balance
Average headcount (FTE)90873.82.9▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €500kEq €516k ▲5.5%
5 profitable years in a row build equity to €516k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 205 days late
30-09
Financial
Highest result since 2018net €92k ▲222%
Net result €92k, the highest in the series.
2021
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 56 days late
2019
30-09
Financial
Weakest financial yearnet €-21k ▼200%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 38 days late
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Merchtem · 1 establishment unit since 2012
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.
Brusselsesteenweg 1901785 MerchtemGround area
1,920 m²
Building footprint
1,092 m²
Volume, LiDAR
8,364 m³
Parcel 23602I0172/00Z004, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DEVAN GROUP
since 20122.210.071.259
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602I0172/00Z004 | Flanders | 1,920 m² | 1 · 1,092 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,515 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-05-2012
Fiscal year end30-09
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 11 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.