DEVAR
ActiveDEVAR has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.83M and a net result of €294k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 1715 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+26
Solvency100▲+3
Growth66=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 1.88 in 2024), and 26.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
73.8%
Return on assets
11.8%
Age of the figures
14 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 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
42 d early
2023
41 d early
2022
42 d early
2021
42 d early
2020
10 d early
2019
22 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 close11-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€710k▲ 9.4%
2022 · €649k
2019: €629k
2020: €631k
2021: €701k
2022: €649k
2019 → 2023
EBIT margin
28.7%▲ 11.3pp
2022 · 17.3%
2019: 19.8%
2020: 22.8%
2021: 25.8%
2022: 17.3%
2019 → 2023
Net result
€294k▲ 76.5%
2024 · €166k
2019: €119k
2020: €138k
2021: €175k
2022: €113k
2023: €205k
2024: €166k
2019 → 2025
Working capital
€1.00M▲ 84.7%
2024 · €543k
2019: €-353k
2020: €-157k
2021: €-304k
2022: €-54k
2023: €184k
2024: €543k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€701k-€649k▼ 7.4%€710k▲ 9.4%
Equity€1.05M-€1.17M▲ 10.7%€1.37M▲ 17.6%€1.54M▲ 12.1%€1.83M▲ 19.1%
Operating result€181k-€113k▼ 37.7%€203k▲ 80.8%€238k▲ 16.8%€414k▲ 74.3%
Net result€175k-€113k▼ 35.7%€205k▲ 82.0%€166k▼ 18.8%€294k▲ 76.5%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 74% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.48M
Fixed assets
€956k▼ 11.7%
Current assets
€1.53M▲ 31.3%
Equity and liabilities €2.48M
Equity
€1.83M▲ 19.1%
Debt
€650k▼ 8.0%
The debt ratio falls from 31.5% to 26.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€550k▲
2024 · €379k
Cash flow
€429k▲
2024 · €308k
Solvency
73.8%▲
2024 · 68.5%
Current ratio
2.92▲
2024 · 1.88
Quick ratio
1.93▲
2024 · 1.16
Debt / equity
0.35▼
2024 · 0.46
ROE
16.0%▲
2024 · 10.8%
ROA
11.8%▲
2024 · 7.4%
Interest coverage
15.42▲
2024 · 14.37
Debt
€650k▼
2024 · €707k
Debt ≤ 1 year
€523k▼
2024 · €620k
Debt > 1 year
€2k=
2024 · €2k
Income taxes
€100k▲
2024 · €56k
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€2.25M€2.48M▲
Fixed assets21/28€1.08M€956k▼
Tangible fixed assets22/27€1.08M€956k▼
Land and buildings22€956k€849k▼
Plant, machinery and equipment23€126k€108k▼
Financial fixed assets28€63€63=
Current assets29/58€1.16M€1.53M▲
Stocks and contracts in progress3€441k€518k▲
Stocks30/36€441k€518k▲
Amounts receivable within one year40/41€168k€121k▼
Trade receivables40€168k€121k▼
Other amounts receivable41€0-
Current investments50/53€400k€700k▲
Cash at bank and in hand54/58€139k€173k▲
Deferred charges and accrued income490/1€14k€13k▼
Equity and liabilities
Total equity and liabilities10/49€2.25M€2.48M▲
Equity10/15€1.54M€1.83M▲
Contributions10/11€564k€564k=
Reserves13€975k€1.27M▲
Non-distributable reserves130/1€8k€0▼
Reserves not available under the articles1311€8k€0▼
Distributable reserves133€967k€1.27M▲
Amounts payable17/49€707k€650k▼
Amounts payable after more than one year17€2k€2k=
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€620k€523k▼
Trade debts44€128k€34k▼
Suppliers440/4€128k€34k▼
Taxes, remuneration and social security45€38k€53k▲
Taxes450/3€38k€53k▲
Other amounts payable47/48€454k€436k▼
Accrued charges and deferred income492/3€84k€124k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€141k€136k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k€-8k▼
Other operating charges640/8€8k€9k▲
Gross operating margin9900€396k€551k▲
Operating profit (loss)9901€238k€414k▲
Financial income75/76B€11k€15k▲
Recurring financial income75€11k€15k▲
Financial charges65/66B€26k€36k▲
Recurring financial charges65€26k€36k▲
Profit (loss) for the period before taxes9903€222k€394k▲
Income taxes67/77€56k€100k▲
Profit (loss) for the period9904€166k€294k▲
Profit (loss) for the period to be appropriated9905€166k€294k▲
Appropriation of the result
Profit (loss) to be appropriated9906€166k€294k▲
Transfer to equity691/2€166k€294k▲
To other reserves6921€166k€294k▲
The notes to these accounts (14 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
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €294k ▲76.5%
Operating result €414k, net result €294k, both a record.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Weakest financial yearnet €113k ▼35.7%
Net result drops to €113k, the lowest in the series; recovery starts the following year.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Equity above €1MEq €1.05M ▲19.9%
3 profitable years in a row build equity to €1.05M.
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
04-10
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 4 acts read
About the unread acts
We know of 4 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 directors, last change in 2024
Guy Seurynck
CurrentDirector · since 13-11-2024
Yves Seurynck
CurrentDirector · since 13-11-2024
13-11-2024
Guy Seurynck: Resigned as Director
13-11-2024
Guy Seurynck: Appointed as Director
13-11-2024
Yves Seurynck: Appointed as Director
Not every act has been read: a resignation may be missing here
4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ledegem · 1 establishment unit since 1997
Ground area
2.6 ha
Building footprint
407 m²
Volume, LiDAR
3,249 m³
2 parcels, Flanders · tallest building 27.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Gootstraat 6, 8880 Ledegem
since 19972.080.129.069
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36018A1208/00C000 | Flanders | 1.7 ha | 1 · 193 m² | 7.0 m · 2 fl. |
| 36018B0475/00R000 | Flanders | 9,036 m² | 1 · 214 m² | 27.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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SCHOUTETEN-SOENEN
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Of 902 companies in sector 01461 we hold annual accounts for 295. 207 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-1997
Fiscal year end30-06
Activities, NACEBEL
01231
01461Pig breeding farms
38330Waste collection, recovery and disposal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.