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Devaput

Active
Private limited companyfounded 201510 years activeKapelstraat 25, 3370 Boutersem, BelgiumKBO/BCE: BE 0643.474.244
Summary

Devaput has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.3m and a net result of -€55,138. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.5% (low).

Financials · fiscal year 2024, abbreviated schema

Equity
€7.3m▼ 0.7%
2023 · €7.4m
Total assets
€7.4m▼ 0.7%
2023 · €7.4m
Net result
-€55,138▼ 25.4%
2023 · -€43,971
Working capital
€7.4m▼ 0.7%
2023 · €7.4m
Trend over the years

2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years

The operating result stays negative: a loss of €37,211 in 2024 against €38,343 in 2023; the loss shrinks.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result-€0.04m 2024 Net result-€0.06m 2024

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021202220232024
Operating result-€0.01m--€0.02m▼ 11.6%-€0.02m▼ 1.6%-€0.02m▲ 0.7%-€0.05m▼ 181%-€0.04m▲ 15.3%-€0.04m▲ 3.0%
Net result€0.1m-€0.01m▼ 86.9%€0.007m▼ 47.1%€0.09m▲ 1,278%-€0.04m-€0.04m▼ 16.9%-€0.06m▼ 25.4%
Equity€7.4m-€7.4m▲ 0.2%€7.4m▲ 0.1%€7.5m▲ 1.3%€7.4m▼ 0.5%€7.4m▼ 0.6%€7.3m▼ 0.7%
Total assets€7.4m-€7.4m▲ 0.3%€7.4m▼ 0.6%€7.5m▲ 1.3%€7.5m▼ 0.2%€7.4m▼ 0.8%€7.4m▼ 0.7%
Debt€0.06m-€0.07m▲ 8.7%€0.02m▼ 72.9%€0.02m▼ 1.2%€0.04m▲ 112%€0.02m▼ 44.5%€0.03m▲ 25.4%
Working capital€7.3m-€7.4m▲ 0.4%€7.4m▲ 0.2%€7.5m▲ 1.4%€7.5m▼ 0.4%€7.4m▼ 0.6%€7.4m▼ 0.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €7.4m
Equity €7.3m ▼ 0.7%
Debt €27,710 ▲ 25.4%
Debt's share of the balance-sheet total rises from 0.3% to 0.4%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.00▲
2023 · 0.00
ROE
-0.8%▼
2023 · -0.6%
ROA
-0.7%▼
2023 · -0.6%
Debt ≤ 1 year
€13,858▲
2023 · €10,036
Income taxes
€8,590▲
2023 · €6,050
A ratio outside any meaningful range has been withheld (balance sheet total €7.4m, equity €7.3m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 246 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 90% are still going.

  • Medium-sized
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.2% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 246 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€7.4m€7.4m▼
Formation expenses20€0€0=
Fixed assets21/28€0€0=
Tangible fixed assets22/27€0€0=
Furniture and vehicles24€0€0=
Current assets29/58€7.4m€7.4m▼
Amounts receivable after more than one year29€0.2m€0.2m=
Trade receivables290€0.2m€0.2m=
Amounts receivable within one year40/41€0.01m€0.05m▲
Other amounts receivable41€0.01m€0.05m▲
Current investments50/53€7.1m€7.1m▲
Cash at bank and in hand54/58€0.2m€0.03m▼
Deferred charges and accrued income490/1€0.001m€0.001m▼
Equity and liabilities
Total equity and liabilities10/49€7.4m€7.4m▼
Equity10/15€7.4m€7.3m▼
Contributions10/11€6.9m€6.9m=
Reserves13€0.03m€0.03m=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€0.03m€0.03m=
Profit (loss) carried forward14€0.5m€0.4m▼
Amounts payable17/49€0.02m€0.03m▲
Amounts payable within one year42/48€0.01m€0.01m▲
Financial debts43-€0.001m
Credit institutions430/8-€0.001m
Trade debts44€252€0▼
Suppliers440/4€252€0▼
Taxes, remuneration and social security45€135€0.001m▲
Taxes450/3€135€135=
Remuneration and social security454/9€0€0.001m▲
Other amounts payable47/48€0.01m€0.01m▲
Accrued charges and deferred income492/3€0.01m€0.01m▲
Income statement Code20232024
Other operating charges640/8€0.01m€0.01m▼
Gross operating margin9900-€0.03m-€0.03m▲
Operating profit (loss)9901-€0.04m-€0.04m▲
Financial income75/76B€0.1m€0.1m▲
Recurring financial income75€0.1m€0.1m▲
Financial charges65/66B€0.1m€0.1m▲
Recurring financial charges65€0.1m€0.1m▲
Profit (loss) for the period before taxes9903-€0.04m-€0.05m▼
Income taxes67/77€0.006m€0.009m▲
Profit (loss) for the period9904-€0.04m-€0.06m▼
Profit (loss) for the period to be appropriated9905-€0.04m-€0.06m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.5m€0.4m▼
Profit (loss) brought forward from the previous period14P€0.5m€0.5m▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,314€7,314€7,314€7,314€7,314---
Other operating charges640/8---€1,085€11,410€10,893€10,596▼ 2.7%
Non-recurring operating charges66A---€58----
Gross operating margin9900-€6,039-€7,322-€7,744-€7,661-€26,558-€27,451-€26,614▲ 3.0%
Operating profit (loss)9901-€14,317-€15,982-€16,230-€16,118-€45,282-€38,343-€37,211▲ 3.0%
Financial income75/76B---€301,449€173,043€123,281€132,462▲ 7.4%
Recurring financial income75€271,216€133,703€115,059€301,449€173,043€123,281€132,462▲ 7.4%
Financial charges65/66B---€153,823€146,194€122,859€141,800▲ 15.4%
Recurring financial charges65€107,353€98,835€86,723€153,823€146,194€122,859€141,800▲ 15.4%
Profit (loss) for the period before taxes9903€149,546€18,887€12,107€131,508-€18,432-€37,921-€46,549▼ 22.8%
Income taxes67/77€50,019€5,881€5,221€36,606€19,182€6,050€8,590▲ 42.0%
Profit (loss) for the period9904€99,528€13,006€6,886€94,902-€37,614-€43,971-€55,138▼ 25.4%
Profit (loss) for the period to be appropriated9905€99,528€13,006€6,886€94,902-€37,614-€43,971-€55,138▼ 25.4%
Line2018201920202021202220232024Change
Assets
Total assets20/58€7.4m€7.4m€7.4m€7.5m€7.5m€7.4m€7.4m▼ 0.7%
Formation expenses20€0€0€0€0€0€0€0-
Fixed assets21/28€0.03m€0.02m€0.01m€0.007m€0€0€0-
Tangible fixed assets22/27€0.03m€0.02m€0.01m€0.007m€0€0€0-
Furniture and vehicles24---€0.007m€0€0€0-
Current assets29/58€7.4m€7.4m€7.4m€7.5m€7.5m€7.4m€7.4m▼ 0.7%
Amounts receivable after more than one year29---€0.2m€0.2m€0.2m€0.2m=
Trade receivables290---€0.2m€0.2m€0.2m€0.2m=
Amounts receivable within one year40/41-€0.06m€0.09m€0.003m€0.003m€0.01m€0.05m▲ 225%
Trade receivables40---€0----
Other amounts receivable41---€0.003m€0.003m€0.01m€0.05m▲ 225%
Current investments50/53€6.8m€7.0m€6.9m€6.9m€7.1m€7.1m€7.1m▲ 0.9%
Cash at bank and in hand54/58€0.4m€0.2m€0.2m€0.4m€0.2m€0.2m€0.03m▼ 83.8%
Deferred charges and accrued income490/1---€0.001m€0.001m€0.001m€0.001m▼ 22.8%
Equity and liabilities
Total equity and liabilities10/49€7.4m€7.4m€7.4m€7.5m€7.5m€7.4m€7.4m▼ 0.7%
Equity10/15€7.4m€7.4m€7.4m€7.5m€7.4m€7.4m€7.3m▼ 0.7%
Contributions10/11€6.9m€6.9m-€6.9m€6.9m€6.9m€6.9m=
Reserves13€0.03m€0.03m€0.03m€0.03m€0.03m€0.03m€0.03m=
Non-distributable reserves130/1---€0.03m€0.03m€0--
Reserves not available under the articles1311---€0.03m€0.03m€0--
Distributable reserves133-----€0.03m€0.03m=
Profit (loss) carried forward14€0.4m€0.4m€0.5m€0.5m€0.5m€0.5m€0.4m▼ 11.9%
Amounts payable17/49€0.06m€0.07m€0.02m€0.02m€0.04m€0.02m€0.03m▲ 25.4%
Amounts payable within one year42/48€0.05m€0.05m€0.004m€0.003m€0.03m€0.01m€0.01m▲ 38.1%
Financial debts43------€0.001m-
Credit institutions430/8------€0.001m-
Trade debts44€0.001m€0.05m€0.001m€220€0.002m€252€0▼ 100%
Suppliers440/4---€220€0.002m€252€0▼ 100%
Taxes, remuneration and social security45----€0.02m€135€0.001m▲ 741%
Taxes450/3----€0.02m€135€135=
Remuneration and social security454/9----€0€0€0.001m-
Other amounts payable47/48---€0.003m€0.006m€0.01m€0.01m▲ 26.4%
Accrued charges and deferred income492/3---€0.02m€0.01m€0.01m€0.01m▲ 14.8%
Line2018201920202021202220232024Change
Profit (loss) for the period9904€99,528€13,006€6,886€94,902-€37,614-€43,971-€55,138▼ 25.4%
+ Depreciation and write-downs630€7,314€7,314€7,314€7,314€7,314---
Operating cash flow (approximation)€106,842€20,319€14,200€102,216-€30,301-€43,971-€55,138▼ 25.4%
Investment in fixed assets (approximation)-€0€0€0€0€0€0-
Change in cash--€249,080€30,272€174,648-€196,285-€6,362-€145,028▼ 2,180%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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