Summary
Conclusion
the dossier summarised in one paragraphThe file of DEVAPHAR contains 1 judicial reorganisation, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show equity of €654k and a net result of €49k. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 6696 sector peers (fiscal year 2024).
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 eventsTrust signals
1 signalAdministrative Flags
0 eventsFinancials
Annual accounts & ratios
Source: NBB · 2024How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 40.2% | 20.4% | |
| Net result | €49k | €4k | |
| Equity | €654k | €16k | |
| Gross operating margin | €262k | €24k | |
| Staff costs | €123k | €33k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €107k |
| Net profit | €49k |
| Cash flow | €76k |
| Staff costs | €123k |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.63M |
| Equity | €654k |
| Debt | €972k |
| of which ≤ 1y | €972k |
| of which > 1y | - |
| Working capital | €464k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 1.48 |
| Quick ratio | 1.29 |
| Working capital ratio | 28.5% |
| Solvency | 40.2% |
| Debt / equity | 1.49 |
| Long-term debt ratio | - |
| Interest coverage | 3.45 |
| Gross margin | - |
| Net margin | - |
| ROA | 3.0% |
| ROE | 7.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.63M |
| Fixed assets | 21/28 | €190k |
| Intangible fixed assets | 21 | €3k |
| Tangible fixed assets | 22/27 | €186k |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €1.44M |
| Stocks & contracts in progress | 3 | €183k |
| Amounts receivable within one year | 40/41 | €1.03M |
| Investments | 50/53 | €14k |
| Cash & bank | 54/58 | €6k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.63M |
| Equity | 10/15 | €654k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €372k |
| Accumulated profits (losses) | 14 | €276k |
| Amounts payable | 17/49 | €972k |
| Amounts payable within one year | 42/48 | €972k |
| Trade debts payable within one year | 44 | €739k |
| Income statement | ||
| Gross operating margin | 9900 | €262k |
| Operating result | 9901 | €80k |
| Financial income | 75 | €12 |
| Financial charges | 65 | €31k |
| Result before taxes | 9903 | €49k |
| Net result for the period | 9904 | €49k |
| Result to be appropriated | 9905 | €49k |
Health barometer
FY 2024 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Structure & network
Locations & real estate
Establishment units
2 locationsReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0121/00B008 | Brussels | 1,451 m² | 1 · 1,103 m² | 30.6 m · 7 fl. |
| 22001B0108/00W005 | Flanders | 169 m² | 1 · 131 m² | 11.8 m · 3 fl. |
| 21616G0097/00S006 | Brussels | 117 m² | 1 · 114 m² | 12.8 m · 3 fl. |
Publications
Lifecycle & Insolvency Signals
1 event from the State GazetteTime machine: BS events + macro context
2021-2026Belgisch Staatsblad · acts
2 acts18-11-2024 Registered office moved from Anderlecht to Bruxelles
- Avenue Victor Olivier 6 bte 21 : 1070 Anderlecht → 1050 Bruxelles, avenue Louise 200 boîte 8
18-11-2024 Van Halteren Notarissen appointed as daily management
- Van Halteren Notarissen, Dagelijks bestuur
Analysis
Snowflake analysis
financial profile on 5 axesStrong profile, led by growth.
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads Bank| Legal nameFR | DEVAPHAR |
| Legal nameNL | DEVAPHAR |