DEVANMAT
ActiveDEVANMAT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €491k and a net result of €64k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 54% of 7931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+14
Solvency73▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 5.64 against 9.05 in 2024; short-term debt: 10.1% and cash: 12.9% of total assets), but 52% of the assets are financed with debt.
Credit advice for your own amount and term
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
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 · 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
48%
Return on assets
6.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
51 d early
2023
57 d early
2022
49 d early
2021
46 d early
2020
68 d early
2019
50 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€491k▲ 15.0%
2024 · €427k
2019: €205k
2020: €224k
2021: €271k
2022: €350k
2023: €371k
2024: €427k
2019 → 2025
Total assets
€1.02M▼ 6.9%
2024 · €1.10M
2019: €957k
2020: €983k
2021: €993k
2022: €1.02M
2023: €1.18M
2024: €1.10M
2019 → 2025
Net result
€64k▲ 15.7%
2024 · €55k
2019: €14k
2020: €18k
2021: €48k
2022: €79k
2023: €22k
2024: €55k
2019 → 2025
Working capital
€480k▼ 14.9%
2024 · €563k
2019: €41k
2020: €51k
2021: €448k
2022: €429k
2023: €602k
2024: €563k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€271k-€350k▲ 29.0%€371k▲ 6.2%€427k▲ 14.9%€491k▲ 15.0%
Operating result€101k-€138k▲ 36.4%€65k▼ 52.8%€125k▲ 91.4%€138k▲ 10.4%
Net result€48k-€79k▲ 64.8%€22k▼ 72.4%€55k▲ 155%€64k▲ 15.7%
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 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€440k▼ 5.3%
Current assets
€583k▼ 8.0%
Equity and liabilities €1.02M
Equity
€491k▲ 15.0%
Debt
€532k▼ 20.8%
The debt ratio falls from 61.2% to 52.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€169k▲
2024 · €156k
Cash flow
€95k▲
2024 · €86k
Solvency
48.0%▲
2024 · 38.8%
Current ratio
5.64▼
2024 · 9.05
Quick ratio
2.22▼
2024 · 2.95
Debt / equity
1.08▼
2024 · 1.57
ROE
13.0%▲
2024 · 13.0%
ROA
6.3%▲
2024 · 5.0%
Interest coverage
4.77▲
2024 · 3.20
Debt
€532k▼
2024 · €672k
Debt ≤ 1 year
€103k▲
2024 · €70k
Debt > 1 year
€418k▼
2024 · €586k
Income taxes
€39k▲
2024 · €22k
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€1.10M€1.02M▼
Fixed assets21/28€465k€440k▼
Tangible fixed assets22/27€465k€440k▼
Land and buildings22€424k€410k▼
Plant, machinery and equipment23€3k€7k▲
Furniture and vehicles24€38k€23k▼
Current assets29/58€633k€583k▼
Stocks and contracts in progress3€427k€353k▼
Stocks30/36€427k€353k▼
Amounts receivable within one year40/41€83k€92k▲
Trade receivables40€83k€89k▲
Other amounts receivable41€150€3k▲
Current investments50/53€50k€0▼
Cash at bank and in hand54/58€68k€132k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.02M▼
Equity10/15€427k€491k▲
Contributions10/11€65k€65k=
Reserves13€362k€426k▲
Distributable reserves133€362k€426k▲
Amounts payable17/49€672k€532k▼
Amounts payable after more than one year17€586k€418k▼
Financial debts170/4€566k€405k▼
Other amounts payable178/9€20k€13k▼
Amounts payable within one year42/48€70k€103k▲
Current portion of amounts payable after more than one year42€41k€29k▼
Financial debts43€8k€7k▼
Other loans439€8k€7k▼
Trade debts44€12k€48k▲
Suppliers440/4€12k€48k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€9k€19k▲
Taxes450/3€9k€19k▲
Accrued charges and deferred income492/3€16k€11k▼
Income statement
Code20242025
Non-recurring operating income76A€7k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€0▼
Other operating charges640/8€11k€47k▲
Gross operating margin9900€168k€217k▲
Operating profit (loss)9901€125k€138k▲
Financial income75/76B€1k€57▼
Recurring financial income75€1k€57▼
Financial charges65/66B€49k€35k▼
Recurring financial charges65€49k€35k▼
Profit (loss) for the period before taxes9903€78k€103k▲
Income taxes67/77€22k€39k▲
Profit (loss) for the period9904€55k€64k▲
Profit (loss) for the period to be appropriated9905€55k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€55k€64k▲
Transfer to equity691/2€55k€64k▲
To other reserves6921€55k€64k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (11 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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Highest result since 2019net €79k ▲64.8%
Operating result €138k, net result €79k, both a record.
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Liquidity times 7current ratio 8.13
Current ratio from 1.12 to 8.13; short-term debt falls from €430k to €63k.
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
25-11
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.
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, Oostrozebeke · 1 establishment unit since 2006
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.
Wielsbekestraat 268780 OostrozebekeGround area
6,052 m²
Building footprint
489 m²
Volume, LiDAR
2,710 m³
Parcel 37010E0388/00L000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVANMAT
since 20062.153.307.552
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37010E0388/00L000 | Flanders | 6,051 m² | 1 · 489 m² | 6.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 2,928 EUR awarded · 2,872 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,928 EUR | 2,872 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
RAJO
BE 0480.175.734
Hamme (Vl.) · Eq €490k
LIMKO
BE 0421.581.893
Enghien · Eq €498k
Outillages Gruslin
BE 0894.339.703
Tellin · Eq €483k
ETABLISSEMENTS GILBERT L'HOMME
BE 0428.042.588
Hannut · Eq €479k
TIMECH
BE 0808.074.435
Kalmthout · Eq €479k
Of 806 companies in sector 46610 we hold annual accounts for 566. 468 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2006
Fiscal year end30-06
Activities, NACEBEL
46610Wholesale trade
52502
43120Site preparation
45112
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47792Retail sale of second-hand clothing
49410Freight transport by road
50200
51880
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.