DEVAR
ActiveSummary
DEVAR has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €293,639. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 80% of 2,064 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €1.8m
- Profit
- €293,639
- Parent
- Voeders Seurynck · 99.98%
- Guy SeurynckDirector
- Yves SeurynckDirector
Why 97lowers riskSize: total assets €2.5mSector: Crop and animal production, hunting and related service activities (NACE 01)Equity €1.8m (73.8% of total assets)Figures for financial year 2025 (filed 22-12-2025)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 01, small): better than 81% on solvency, 60% on liquidity, 83% on profitability and 70% on growth.
The bankruptcy probability was computed on 25-10-2026 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
This company filed its last 7 accounts on average 34 days before the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2019 to 2025net €293,639 ▲76.5%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 74% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 01, Crop and animal production, hunting and related service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 20,139 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €676,559 | €727,909 | - | - | - |
| Turnover70 | €629,189 | €630,681 | €700,855 | €648,815 | €709,909 | - | - | - |
| Other operating income74 | - | - | - | €27,745 | €18,000 | - | - | - |
| Operating charges60/66A | - | - | - | €564,017 | €524,440 | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €80,168 | €84,603 | - | - | - |
| Purchases600/8 | - | - | - | €80,168 | €84,603 | - | - | - |
| Services and other goods61 | - | - | - | €302,215 | €272,666 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €159,164 | €185,715 | €181,038 | €173,707 | €160,143 | €141,319 | €135,676 | ▼ 4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €8,848 | -€8,045 | - |
| Other operating charges640/8 | - | - | - | €7,927 | €7,028 | €8,066 | €8,790 | ▲ 9.0% |
| Gross operating margin9900 | - | - | - | - | - | €395,960 | €550,773 | ▲ 39.1% |
| Operating profit (loss)9901 | €124,659 | €143,806 | €180,708 | €112,543 | €203,469 | €237,726 | €414,352 | ▲ 74.3% |
| Financial income75/76B | - | - | - | €0 | €3,124 | €10,884 | €15,416 | ▲ 41.6% |
| Recurring financial income75 | €130 | - | €59 | €0 | €3,124 | €10,884 | €15,416 | ▲ 41.6% |
| Income from current assets751 | - | - | - | - | €3,123 | - | - | - |
| Other financial income752/9 | - | - | - | €0 | €1 | - | - | - |
| Financial charges65/66B | - | - | - | €4 | €102 | €26,375 | €35,677 | ▲ 35.3% |
| Recurring financial charges65 | €5,817 | €5,788 | €5,664 | €4 | €102 | €26,375 | €35,677 | ▲ 35.3% |
| Debt charges650 | €5,750 | €5,750 | €5,498 | €0 | - | - | - | - |
| Other financial charges652/9 | - | - | - | €4 | €102 | - | - | - |
| Profit (loss) for the period before taxes9903 | €118,972 | €138,019 | €175,103 | €112,539 | €206,491 | €222,235 | €394,091 | ▲ 77.3% |
| Income taxes67/77 | - | - | - | - | €1,636 | €55,840 | €100,453 | ▲ 79.9% |
| Taxes670/3 | - | - | - | - | €1,636 | - | - | - |
| Profit (loss) for the period9904 | €118,972 | €138,019 | €175,103 | €112,539 | €204,855 | €166,395 | €293,639 | ▲ 76.5% |
| Profit (loss) for the period to be appropriated9905 | €118,972 | €138,019 | €175,103 | €112,539 | €204,855 | €166,395 | €293,639 | ▲ 76.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.9m | €2.0m | €1.6m | €1.7m | €2.0m | €2.2m | €2.5m | ▲ 10.6% |
| Fixed assets21/28 | €1.7m | €1.6m | €1.4m | €1.3m | €1.2m | €1.1m | €1.0m | ▼ 11.7% |
| Tangible fixed assets22/27 | €1.7m | €1.6m | €1.4m | €1.3m | €1.2m | €1.1m | €1.0m | ▼ 11.7% |
| Land and buildings22 | - | - | - | €1.2m | €1.1m | €1.0m | €0.8m | ▼ 11.2% |
| Plant, machinery and equipment23 | - | - | - | €0.09m | €0.1m | €0.1m | €0.1m | ▼ 14.7% |
| Financial fixed assets28 | €63 | €63 | €63 | €63 | €63 | €63 | €63 | = |
| Other financial fixed assets284/8 | - | - | - | €63 | €63 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €63 | €63 | - | - | - |
| Current assets29/58 | €0.2m | €0.4m | €0.2m | €0.4m | €0.7m | €1.2m | €1.5m | ▲ 31.3% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | €0.4m | €0.5m | ▲ 17.5% |
| Stocks30/36 | - | - | - | - | - | €0.4m | €0.5m | ▲ 17.5% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.06m | €0.09m | €0.4m | €0.2m | €0.1m | ▼ 28.1% |
| Trade receivables40 | - | - | - | €0.08m | €0.2m | €0.2m | €0.1m | ▼ 28.1% |
| Other amounts receivable41 | - | - | - | €0.004m | €0.2m | €0 | - | - |
| Current investments50/53 | - | - | - | - | - | €0.4m | €0.7m | ▲ 75.0% |
| Cash at bank and in hand54/58 | €0.07m | €0.3m | €0.1m | €0.3m | €0.4m | €0.1m | €0.2m | ▲ 24.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.006m | €0.01m | €0.01m | ▼ 5.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.9m | €2.0m | €1.6m | €1.7m | €2.0m | €2.2m | €2.5m | ▲ 10.6% |
| Equity10/15 | €0.7m | €0.9m | €1.1m | €1.2m | €1.4m | €1.5m | €1.8m | ▲ 19.1% |
| Contributions10/11 | €0.6m | - | - | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.2m | €0.3m | €0.5m | €0.6m | €0.8m | €1.0m | €1.3m | ▲ 30.1% |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0.008m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €0.008m | €0.008m | €0.008m | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €0.6m | €0.8m | €1.0m | €1.3m | ▲ 31.2% |
| Provisions and deferred taxes16 | €0.08m | €0.04m | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.0m | €1.0m | €0.6m | €0.5m | €0.6m | €0.7m | €0.7m | ▼ 8.0% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Other amounts payable178/9 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | €0.5m | ▼ 15.6% |
| Trade debts44 | €0.04m | €0.04m | €0.02m | €0.008m | €0.06m | €0.1m | €0.03m | ▼ 73.3% |
| Suppliers440/4 | - | - | - | €0.008m | €0.06m | €0.1m | €0.03m | ▼ 73.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.006m | €0.03m | €0.04m | €0.05m | ▲ 40.1% |
| Taxes450/3 | - | - | - | €0.006m | €0.03m | €0.04m | €0.05m | ▲ 40.1% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 3.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.03m | €0.08m | €0.1m | ▲ 47.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118,972 | €138,019 | €175,103 | €112,539 | €204,855 | €166,395 | €293,639 | ▲ 76.5% |
| + Depreciation and write-downs630 | €159,164 | €185,715 | €181,038 | €173,707 | €160,143 | €141,319 | €135,676 | ▼ 4.0% |
| Operating cash flow (approximation) | €278,136 | €323,734 | €356,141 | €286,246 | €364,998 | €307,714 | €429,315 | ▲ 39.5% |
| Investment in fixed assets (approximation) | - | -€71,503 | €0 | -€22,801 | -€132,851 | €0 | -€9,495 | - |
| Change in cash | - | €200,186 | -€125,656 | €200,370 | €33,081 | -€238,202 | €34,237 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 22-12-2025 | 2025-00586866 |
| 30-06-2024 | abbreviated format | 20-12-2024 | 2024-00620861 |
| 30-06-2023 | full format | 21-12-2023 | 2023-00533100 |
| 30-06-2022 | full format | 20-12-2022 | 2022-20540610 |
| 30-06-2021 | full format | 20-12-2021 | 2021-80600310 |
| 30-06-2020 | full format | 21-01-2021 | 2021-01300001 |
| 30-06-2019 | full format | 09-01-2020 | 2020-00500355 |
| 30-06-2018 | full format | 14-01-2019 | 2019-01000199 |
| 31-03-2017 | full format | 27-09-2017 | 2017-62500361 |
| 31-03-2016 | abbreviated format | 04-10-2016 | 2016-64800206 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €1,482 awarded · €1,482 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Guy Seurynck |
|
| Yves Seurynck |
|
| SEFECO |
|
Owners and capital
Owners
1 ownerChain of control
- SEFECO
- Voeders Seurynck
- DEVAR
Highest known parent: SEFECO. The sources do not say who stands above it.
Owners 1
-
99.98%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 13-11-2024 Converted to available equity · €571,824.65
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
13-11
Gazette deed
Resignation: SEFECO (director)Permanent representative: Guy Seurynck · Appointments: Guy Seurynck (director) and Yves Seurynck (director) · Capital conversion9 facts ▸
- General meeting, 10-10-2024
- Other provision, “behouden” (deed in Dutch)
- Capital conversion, “beschikbaar” (deed in Dutch)
- Other provision, “zeteladres buiten statuten, verwijzing naar het adres wordt geschrapt uit de statuten” (deed in Dutch)
- Director resignation, SEFECO (director)
- Permanent representative, Guy Seurynck
- Director appointment, Guy Seurynck (director)
- Director appointment, Yves Seurynck (director)
- Capital
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36018A1208/00C000 | Flanders | 1.7 ha | 1 · 193 m² | 7.0 m · 2 |
| 36018B0475/00R000 | Flanders | 9,036 m² | 1 · 214 m² | 27.5 m · 4 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DEVAR
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- The sole director
- Board ruleHow the board is made up, meets and takes decisions.
- “2” (deed in Dutch)“Één of meer bestuurders,natuurlijke personen of rechtspersonen,al dan niet aandeelhouder,benoemd met of zonder beperking van duur” (deed in Dutch)“Alle handelingen stellen die nodig of nuttig zijn voor de verwezenlijking van het voorwerp,behalve deze die de wet of de statuten aan de…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Gewone algemene vergadering: Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel of op elke andere…” (deed in Dutch)