DEVANKE
ActiveSummary
DEVANKE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €345,475. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 89% of 8085 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+13
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 8.89 against 4.1 in 2024; short-term debt: 11.2% and cash: 83.2% of total assets), and 13.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.3%
Return on assets
18.4%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
77 d early
2023
55 d early
2022
52 d early
2021
73 d early
2020
16 d late
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.6m▲ 27.2%
2024 · €1.3m
Total assets
€1.9m▲ 11.3%
2024 · €1.7m
Net result
€345,475▲ 148%
2024 · €139,136
Working capital
€1.7m▲ 30.8%
2024 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€220,745▲ 14.8%€222,414▲ 0.8%€161,058▼ 27.6%€178,252▲ 10.7%€443,050▲ 149%
Net result€170,572▲ 14.6%€172,431▲ 1.1%€125,785▼ 27.1%€139,136▲ 10.6%€345,475▲ 148%
Equity€834,472▲ 25.7%€1.0m▲ 20.7%€1.1m▲ 12.5%€1.3m▲ 12.3%€1.6m▲ 27.2%
Total assets€962,565▼ 14.1%€1.4m▲ 49.2%€1.5m▲ 5.9%€1.7m▲ 10.7%€1.9m▲ 11.3%
Debt€128,093▼ 72.0%€428,823▲ 235%€387,919▼ 9.5%€412,219▲ 6.3%€256,448▼ 37.8%
Working capital€827,348▲ 28.5%€1.0m▲ 21.2%€1.1m▲ 12.8%€1.3m▲ 12.2%€1.7m▲ 30.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 149% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€3,043 ▼ 48.4%
Current assets
€1.9m ▲ 11.5%
Equity and liabilities €1.9m
Equity
€1.6m ▲ 27.2%
Debt
€256,448 ▼ 37.8%
Debt's share of the balance-sheet total falls from 24.5% to 13.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€445,908▲
2024 · €181,892
Cash flow
€348,333▲
2024 · €142,775
Current ratio
8.89▲
2024 · 4.10
Quick ratio
7.99▲
2024 · 3.65
Debt to equity
0.16▼
2024 · 0.32
ROE
21.4%▲
2024 · 10.9%
ROA
18.4%▲
2024 · 8.3%
Interest coverage
495.66▲
2024 · 182.79
Debt ≤ 1 year
€210,546▼
2024 · €408,985
Income taxes
€108,285▲
2024 · €46,934
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,650 | €2,898 | €2,898 | €3,640 | €2,858 | ▼ 21.5% |
| Other operating charges640/8 | €1,981 | €4,085 | €5,585 | €7,513 | €12,019 | ▲ 60.0% |
| Gross operating margin9900 | €241,376 | €229,397 | €169,541 | €189,404 | €457,927 | ▲ 142% |
| Operating profit (loss)9901 | €220,745 | €222,414 | €161,058 | €178,252 | €443,050 | ▲ 149% |
| Financial income75/76B | - | €995 | €1,485 | €8,813 | €11,610 | ▲ 31.7% |
| Recurring financial income75 | - | €995 | €1,485 | €8,813 | €11,610 | ▲ 31.7% |
| Financial charges65/66B | €61 | €320 | €313 | €995 | €900 | ▼ 9.6% |
| Recurring financial charges65 | €61 | €320 | €313 | €995 | €900 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €220,684 | €223,089 | €162,231 | €186,069 | €453,760 | ▲ 144% |
| Income taxes67/77 | €50,111 | €50,658 | €36,446 | €46,934 | €108,285 | ▲ 131% |
| Profit (loss) for the period9904 | €170,572 | €172,431 | €125,785 | €139,136 | €345,475 | ▲ 148% |
| Profit (loss) for the period to be appropriated9905 | €170,572 | €172,431 | €125,785 | €139,136 | €345,475 | ▲ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €962,565 | €1.4m | €1.5m | €1.7m | €1.9m | ▲ 11.3% |
| Fixed assets21/28 | €9,660 | €6,762 | €3,864 | €5,901 | €3,043 | ▼ 48.4% |
| Tangible fixed assets22/27 | €9,660 | €6,762 | €3,864 | €5,901 | €3,043 | ▼ 48.4% |
| Plant, machinery and equipment23 | €9,660 | €6,762 | €3,864 | €966 | €0 | ▼ 100% |
| Furniture and vehicles24 | €0 | - | - | €4,935 | €3,043 | ▼ 38.3% |
| Current assets29/58 | €952,905 | €1.4m | €1.5m | €1.7m | €1.9m | ▲ 11.5% |
| Stocks and contracts in progress3 | €171,327 | €175,874 | €179,391 | €183,876 | €188,473 | ▲ 2.5% |
| Stocks30/36 | €171,327 | €175,874 | €179,391 | €183,876 | €188,473 | ▲ 2.5% |
| Amounts receivable within one year40/41 | €50,506 | €249,447 | €185,683 | €219,741 | €117,599 | ▼ 46.5% |
| Trade receivables40 | €41,655 | €249,447 | €113,448 | €184,214 | €112,006 | ▼ 39.2% |
| Other amounts receivable41 | €8,851 | €0 | €72,236 | €35,526 | €5,593 | ▼ 84.3% |
| Current investments50/53 | - | - | €750,000 | €500,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €726,663 | €999,097 | €396,895 | €768,342 | €1.6m | ▲ 103% |
| Deferred charges and accrued income490/1 | €4,410 | €4,546 | €4,773 | €6,184 | €6,520 | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €962,565 | €1.4m | €1.5m | €1.7m | €1.9m | ▲ 11.3% |
| Equity10/15 | €834,472 | €1.0m | €1.1m | €1.3m | €1.6m | ▲ 27.2% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Non-distributable reserves130/1 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | €766,301 | €938,732 | €1.1m | €1.2m | €1.5m | ▲ 28.7% |
| Amounts payable17/49 | €128,093 | €428,823 | €387,919 | €412,219 | €256,448 | ▼ 37.8% |
| Amounts payable within one year42/48 | €125,557 | €426,495 | €385,555 | €408,985 | €210,546 | ▼ 48.5% |
| Trade debts44 | €117,532 | €398,505 | €385,555 | €408,985 | €180,246 | ▼ 55.9% |
| Suppliers440/4 | €117,532 | €398,505 | €385,555 | €408,985 | €180,246 | ▼ 55.9% |
| Taxes, remuneration and social security45 | €8,025 | €27,990 | €0 | - | €30,300 | - |
| Taxes450/3 | €8,025 | €27,990 | €0 | - | €30,300 | - |
| Accrued charges and deferred income492/3 | €2,536 | €2,328 | €2,364 | €3,234 | €45,902 | ▲ 1,319% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €170,572 | €172,431 | €125,785 | €139,136 | €345,475 | ▲ 148% |
| + Depreciation and write-downs630 | €18,650 | €2,898 | €2,898 | €3,640 | €2,858 | ▼ 21.5% |
| Operating cash flow (approximation) | €189,222 | €175,329 | €128,683 | €142,775 | €348,333 | ▲ 144% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€5,677 | €0 | ▲ 100% |
| Change in cash | - | €272,434 | -€602,202 | €371,447 | €789,770 | ▲ 113% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €345,475 ▲148%
Operating result €443,050, net result €345,475, both a record.
31-12
Financial
Liquidity doublescurrent ratio 8.89
Current ratio from 4.10 to 8.89; short-term debt falls from €408,985 to €210,546.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1mEq €1.0m ▲20.7%
5 profitable years in a row build equity to €1.0m.
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 7.59
Current ratio from 2.44 to 7.59; short-term debt falls from €448,535 to €125,557.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 16 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €96,971 ▼45.1%
Net result drops to €96,971, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Equity above €500,000Eq €514,995 ▲23.2%
2 profitable years in a row build equity to €514,995.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Bornem · 2 establishment units since 2015
Ground area
5.2 ha
Building footprint
8,262 m²
Volume, LiDAR
62,051 m³
3 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Lodderstraat(EIK) 12, 2880 Bornem
since 20152.248.612.626
REKKENSHOP.BE
since 20242.365.078.447
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015D0429/00G000 | Flanders | 1.9 ha | 1 · 2,873 m² | 11.3 m · 3 fl. |
| 12015D0395/00A000 | Flanders | 1.8 ha | 1 · 4,245 m² | 8.5 m · 2 fl. |
| 36505C0608/00X000 | Flanders | 1.4 ha | 1 · 1,145 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 828 companies in sector 46620 we hold annual accounts for 642. 488 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46620Wholesale of machine tools
25110Manufacture of metal structures and parts of structures
Contact
Scores and ratios are computed by Checked and are not a credit decision.