DEVANCO
ActiveSummary
DEVANCO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117,756 and a net result of -€9,165. Equity is shrinking by ~5.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result turns negative in 2025: a loss of €8,411 after €7,391 in 2024, the lowest result in the available series.
What the company sold each fiscal 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.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,471 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% 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 12,322 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12,000 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,591 | €14,491 | €6,800 | €14,041 | €15,427 | €8,642 | €8,642 | €8,642 | = |
| Other operating charges640/8 | - | - | - | €1,081 | €746 | €1,118 | €933 | €967 | ▲ 3.6% |
| Gross operating margin9900 | €28,395 | €45,411 | €41,031 | €62,048 | €15,856 | €41,804 | €16,967 | €1,198 | ▼ 92.9% |
| Operating profit (loss)9901 | €12,747 | €29,792 | €33,014 | €46,927 | -€317 | €32,044 | €7,391 | -€8,411 | ▼ 214% |
| Financial income75/76B | - | - | - | - | - | €105 | €32 | €252 | ▲ 677% |
| Recurring financial income75 | €11 | - | - | - | - | €105 | €32 | €252 | ▲ 677% |
| Financial charges65/66B | - | - | - | €719 | €649 | €707 | €708 | €723 | ▲ 2.2% |
| Recurring financial charges65 | €440 | €736 | €560 | €719 | €649 | €707 | €708 | €723 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €12,317 | €29,055 | €32,454 | €46,208 | -€966 | €31,443 | €6,716 | -€8,882 | ▼ 232% |
| Income taxes67/77 | €4,217 | €8,810 | €9,448 | €15,474 | €1,384 | €10,197 | €2,430 | €283 | ▼ 88.4% |
| Profit (loss) for the period9904 | €8,100 | €20,245 | €23,007 | €30,733 | -€2,350 | €21,245 | €4,286 | -€9,165 | ▼ 314% |
| Profit (loss) for the period to be appropriated9905 | €8,100 | €20,245 | €23,007 | €30,733 | -€2,350 | €21,245 | €4,286 | -€9,165 | ▼ 314% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €214,891 | €224,654 | €249,906 | €272,211 | €278,244 | €210,686 | €207,704 | €128,047 | ▼ 38.4% |
| Fixed assets21/28 | €68,073 | €53,582 | €46,782 | €71,951 | €60,524 | €51,882 | €43,240 | €34,599 | ▼ 20.0% |
| Tangible fixed assets22/27 | €68,023 | €53,532 | €46,732 | €71,901 | €60,474 | €51,832 | €43,190 | €34,549 | ▼ 20.0% |
| Land and buildings22 | - | - | - | €33,132 | €33,132 | €33,132 | €33,132 | €33,132 | = |
| Furniture and vehicles24 | - | - | - | €38,769 | €27,342 | €18,701 | €10,059 | €1,417 | ▼ 85.9% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €146,818 | €171,071 | €203,124 | €200,261 | €217,719 | €158,804 | €164,463 | €93,449 | ▼ 43.2% |
| Stocks and contracts in progress3 | €909 | €851 | €942 | €1,010 | €3,323 | €1,543 | €479 | - | - |
| Stocks30/36 | - | - | - | €1,010 | €3,323 | €1,543 | €479 | - | - |
| Amounts receivable within one year40/41 | €20,571 | €42,349 | €57,850 | €62,627 | €95,664 | €54,090 | €59,624 | €6,198 | ▼ 89.6% |
| Trade receivables40 | - | - | - | €9,757 | €30,967 | €7,548 | - | - | - |
| Other amounts receivable41 | - | - | - | €52,871 | €64,697 | €46,542 | €59,624 | €6,198 | ▼ 89.6% |
| Cash at bank and in hand54/58 | €124,555 | €126,585 | €144,332 | €136,623 | €117,595 | €102,673 | €104,360 | €82,911 | ▼ 20.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,138 | €497 | - | €4,340 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €214,891 | €224,654 | €249,906 | €272,211 | €278,244 | €210,686 | €207,704 | €128,047 | ▼ 38.4% |
| Equity10/15 | €173,996 | €194,241 | €217,247 | €247,981 | €245,630 | €196,876 | €126,921 | €117,756 | ▼ 7.2% |
| Contributions10/11 | €50,000 | €50,000 | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €123,996 | €144,241 | €167,247 | €197,981 | €197,981 | €149,226 | €79,271 | €79,271 | = |
| Non-distributable reserves130/1 | - | - | - | €5,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5,000 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €192,981 | €197,981 | €149,226 | €79,271 | €79,271 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€2,350 | -€2,350 | -€2,350 | -€11,515 | ▼ 390% |
| Amounts payable17/49 | €40,896 | €30,413 | €32,659 | €24,231 | €32,613 | €13,810 | €80,783 | €10,292 | ▼ 87.3% |
| Amounts payable after more than one year17 | - | €16,794 | €7,583 | €587 | - | - | - | €5,455 | - |
| Financial debts170/4 | - | - | - | €587 | - | - | - | - | - |
| Other amounts payable178/9 | - | - | - | - | - | - | - | €5,455 | - |
| Amounts payable within one year42/48 | €40,896 | €13,620 | €25,076 | €23,644 | €32,613 | €13,810 | €80,783 | €4,836 | ▼ 94.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,996 | €587 | - | - | - | - |
| Trade debts44 | €36,217 | €3,981 | €9,459 | €7,174 | €29,540 | €9,226 | €6,114 | €4,836 | ▼ 20.9% |
| Suppliers440/4 | - | - | - | €7,174 | €29,540 | €9,226 | €6,114 | €4,836 | ▼ 20.9% |
| Taxes, remuneration and social security45 | - | - | - | €9,473 | €2,486 | €4,584 | €429 | - | - |
| Taxes450/3 | - | - | - | €9,473 | - | €4,584 | €429 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €2,486 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €74,241 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,100 | €20,245 | €23,007 | €30,733 | -€2,350 | €21,245 | €4,286 | -€9,165 | ▼ 314% |
| + Depreciation and write-downs630 | €14,591 | €14,491 | €6,800 | €14,041 | €15,427 | €8,642 | €8,642 | €8,642 | = |
| Operating cash flow (approximation) | €22,691 | €34,736 | €29,807 | €44,774 | €13,076 | €29,887 | €12,928 | -€523 | ▼ 104% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€39,209 | -€4,000 | €0 | €0 | €0 | - |
| Change in cash | - | €2,030 | €17,747 | -€7,708 | -€19,028 | -€14,922 | €1,687 | -€21,449 | ▼ 1,372% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.