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DEVAPLUS R & D

Active
Private limited companyfounded 2001active for 25 yearsNijverheidslaan 12, 9880 Aalter, BelgiumKBO/BCE: BE 0475.575.360
Summary

DEVAPLUS R & D has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €365,643. Equity is growing by about 6.5% per year across the filed financial years. Its solvency ranks better than 90% of 458 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28295
1 site
Size
€1.8mtotal assets 2025
Equity
€1.6m
Profit
€365,643
Turnover not published (abbreviated or micro format)Net result +104%: other schema
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
Gevaplast · 100%
  • JACQMAN BVDirector · permanent representative Quint GEVAERT
  • MUTN BVDirector · permanent representative Marc THOMETSCHEK
  • SYDWELL BVDirector · permanent representative Sydney GEVAERT
Accounts 21 days early1 of 5 deeds read
Why 97raises riskSector: Manufacture of machinery and equipment not elsewhere classified (NACE 28)lowers riskFounded in 2001Equity €1.6m (91.6% of total assets)Size: total assets €1.8mShow the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 74% of its sector peers (NACE 28, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 91.6% of total assets
Liquidity 56-43
short-term debt 8.4% · cash 4.7%
Profitability 95+13
return on assets 20.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (977 companies, NACE 28, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025highest value 09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity ample (current ratio 11.69, compared with 8.68 in 2024, above the usual 1.5; short-term debt: 8.4% and cash: 4.7% of total assets), and 8.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, micro): better than 89% on solvency, 54% on liquidity, 87% on profitability and 65% on growth.

The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2001
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €1.6m (91.6% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €1.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Manufacture of machinery and equipment not elsewhere classified (NACE 28)
KBO
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 days early
2024
20 days late
2023
29 days late
2022
23 days late
2021
45 days early
2020
37 days early
2019
21 days 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 7 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven months
Where today falls in the filing period
14-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Filip DE VALCK (director)Appointments: MUTN BV, SYDWELL BV…
  2. Annual accounts filedfinancial year 2025 · micro…
  3. Highest result from 2018 to 2025net €365,643 ▲104%

Key points

  • Positive: Result rose in 2025different schema filed ▲ 104% View
  • Positive: Among the best 5% on net resultsector median €12,660 · 458 companies €365,643 View
  • Board changedlatest change 18-06-2026 · 3 in office 3 joined · 1 left View
  • Positive: 8 profitable years in a rowprofit 2025: €365,643 8 years View
  • Controlled by Gevaplastultimately: SUSTAINABLE DEVELOPMENT GROUP 100% View

By topic

Financials

Financial year
2025
Total assets
€1.8m
Profit
€365,643
Solvency
91.6%
Total assets▲ 7.4%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
Gevaplast · 100%
  • JACQMAN BVDirector
  • MUTN BVDirector
  • SYDWELL BVDirector
Go to Board & ownership

Timeline

Events
28
Since
2003
Next accounts
by 31-07-2027
  1. 20-08-2025Annual accounts filed
  2. 31-12-2024Liquidity more than doubled
  3. 29-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28295
Founded
05-09-2001
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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