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DEVARCH

Active Private limited companyfounded 2017active for 8 yearsWoonwijkstraat 28, 1050 IxellesKBO/BCE: BE 0685.717.348
DEVARCH
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Overview

Lifetime

8 annual accounts with figures on one time axis
peak €83,919 (2022)
-€1,861▼ €46,765
lowest -€38,786 (2025)
-€38,786▼ €42,407
peak €198,753 (2022)
€145,821▼ 21.0%
€335,380▼ 6.1%
Board1 name since 2020
1 directorPFLÜGER Michael
Documentsfilings and deeds
07-04-2026115 days before the deadline
2025micro format
Gross margin from €44,905 to -€1,861Loss of €38,786Equity from €184,608 to €145,821Cash from €39,168 to €16,560

Key points

from the 2025 annual accounts

Liquidity

1.01 was 2.16 in 2024

Short-term debts fell from €24,269 to €21,576.

Filings

8 annual accounts 2 late
AprilJune31 JulyOctober20202025

The 2023 accounts came latest: 30 days after the end of the period.

Position in the sector

-€38,786

Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,138 · 39,380 companies.

Turnover not published (micro format)

Checked score

85
Excellent
Financially stronger than 27% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 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: 0.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged 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 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.2%▲ +0.1 percentage points vs 04-2026highest value 06-2026: 0.2%● unchanged vs 05-2026highest value 07-2026: 0.2%● unchanged vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026highest value 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: 0.2%● unchanged vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026highest value

Financial strength
Weak

55-4equity 30.3% of total assets
54-5short-term debt 4.5% · cash 3.4%
9-61return on assets -8.1%

Score breakdown

raises risk
Loss of €38,786 (financial year 2025)
Liquidity: current ratio 1.01, cash €16,560, halved
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €481,201
Calculation

The band follows from the bankruptcy probability. 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 70, micro). It does better than 31% of them on solvency, 44% on liquidity, 10% on profitability and 22% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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

Comparable companies, two years later

In July 2024, 929 companies had the same profile as DEVARCH has now. Each dot stands for 3 companies, two years later.

92.8%
were still trading
5.5%
stopped another way
1.7%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss

The bankruptcy probability of DEVARCH itself is lower: 0.2% within 12 months. It rests on far more data about DEVARCH than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 929 companies, not a prediction for DEVARCH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €12,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.01 (2.16 in 2024), below the usual 1.5. Short-term debt is 4.5% and cash 3.4% of total assets. 69.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Size: total assets €481,201
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €38,786 (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.01, cash €16,560, halved
NBB · annual accounts
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 07-04-2026, 115 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
115 days early
2024
34 days early
2023
30 days late
2022
25 days late
2021
34 days early
2020
32 days early
2019
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 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 27 June (4 of the last 5 accounts filed within 65 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PM
PFLÜGER Michael
Director, since 23-10-2020
  • PFLÜGER Michael 185 sharesdeed of 28-10-2020
  • NYSSEN Laure Catherine Manuel Ghislaine 1 sharedeed of 28-10-2020
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0685717348
Legal-form change · Resignations & appointments Change of role: PFLÜGER Michael, from manager to director · PFLÜGER Michael holds 185 shares · NYSSEN Laure Catherine Manuel Ghislaine holds 1 share · General meeting of 23-10-2020 · Gazette deed
Incorporation published on 11-12-2017 · Gazette deed
First establishment Elyzeese Veldenstraat 33, Ixelles
All 17 events

Comparable companies

same main activity, similar in size and age
Company
DEVARCH Ixelles - - 30.3% -
CVV MANAGEMENT Ixelles - - -100.8% -
LM ADVISORY Ixelles - - 58.2% -
Brussels Belliard 40 Centre Brussels €2.2m -14.1% -732.1% -
CITIZENFUND Watermael-Boitsfort - - 94.4% -
GABINVEST Jette €0.4m -77.5% -62.8% -
The Bridge Ventures Uccle - - 48.1% -

These companies have the same main activity as DEVARCH: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €392,000 and €548,000, founded between 2017 and 2018.

Official details

Source: KBO
Status
Active since 07-12-2017Normal situation
Activity
Business and other management consultancyNACE 70200and 1 other
Establishment unit
2.270.515.5231050 Ixelles, since 07-12-2017
Financial year end
31 December
Peppol
Reachable since 24-11-2023
Company details

Annual accounts 2025

-€1,861
€38,786
€145,821▼ 21.0%
€481,201▼ 11.2%
Filing
Filed on 07-04-2026, 115 days before the end of the filing period
Financials

Insights on DEVARCH

DEVARCH files the micro format. That format states no turnover. The gross margin fell from €48,227 in 2018 to -€1,861 in 2025.

The balance sheet grew most from 2019 to 2021 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 07-04-2026, 115 days before the deadline
-€1,861
▼ €46,765
-€34,759
▼ €42,809
-€38,786
▼ €42,407
€294
▼ 99.0%
30.3%
▼ 3.8 percentage points
1.01
▼ 1.15

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €481,201 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

30.3%

Higher than 30% of 39,364 companies in 2025.

1.01

Higher than 25% of 38,048 companies in 2025.

-8.1%

Higher than 10% of 38,520 companies in 2025.

DEVARCH Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018
Balance sheet: assets
20/58 481,201541,914567,305625,522592,016188,155124,30650,363
21/28 459,331489,487513,123542,705531,11630,1231,0861,641
22/27 458,750488,905512,542542,123530,53429,5421,0451,600
22 437,694454,677471,660488,643505,626---
23 16,57120,80916,87917,7191,908---
24 4,48413,41924,00235,76123,00029,5421,0451,600
28 5815815815815815814141
29/58 21,87052,42754,18282,81760,900158,032123,22048,722
40/41 308,11320,102126,7081326514
40 03,28115,26901,892--500
41 304,8334,833124,816132614
50/53 2,8262,8262,8262,826----
54/58 16,56039,16828,78978,07152,121157,198123,19448,208
490/1 2,4542,3202,4651,9082,071821--
Balance sheet: equity and liabilities
10/49 481,201541,914567,305625,522592,016188,155124,30650,363
10/15 145,821184,608180,988198,753155,516150,48187,65340,057
10/11 18,60018,60018,60018,60018,6006,2006,2006,200
100 ------18,60018,600
101 ------12,40012,400
13 1,8601,8601,8601,8601,8601,8601,8601,860
130 ------1,8601,860
133 1,8601,8601,8601,8601,8601,860--
14 125,361164,148160,528178,293135,056142,42179,59331,997
17/49 335,380357,306386,318426,769436,50037,67436,65310,306
17 313,804333,037352,070370,908389,550---
170/4 313,804333,037352,070370,908389,550---
42/48 21,57624,26934,24755,86146,05037,67436,65310,306
42 19,23319,03418,83718,64318,450---
44 881,2471,32218,3538,42431752653
440/4 881,2471,32218,3538,42431752653
45 2153,49813,53218,81519,17624,52217,6879,288
450/3 2153,49813,53218,81519,17624,52217,6879,288
47/48 2,04049055651013,12118,214365
492/3 ---0900---
Income statement
9900 -1,86144,90521,42983,9196,17981,56182,98948,227
62 0250-0925---
630 31,21735,08033,41322,75810,9362,183555592
640/8 1,6821,5251,5391,771718162--
9901 -34,7598,049-13,52359,390-6,40079,21682,43447,635
75/76B -080144--6-
75 -080144--6-
65/66B 3,8123,9564,1554,83276911588161
65 3,8123,9564,1554,83276911588161
9903 -38,5714,093-17,59854,703-7,16979,10182,35247,474
67/77 21547316711,46519616,27316,95613,617
9904 -38,7863,620-17,76543,237-7,36562,82865,39633,857
9905 -38,7863,620-17,76543,237-7,36562,82865,39633,857
Appropriation of the result
9906 125,361164,148160,528178,293135,056142,42197,39333,857
14P 164,148160,528178,293135,056142,421---
691/2 -------1,860
6920 -------1,860
694/7 ------17,800-
694 ------17,800-
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 07-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 07-04-2026 2026-00078641 PDF
31-12-2024 micro format 27-06-2025 2025-00203413 PDF
31-12-2023 micro format 30-08-2024 2024-00448636 PDF
31-12-2022 micro format 25-08-2023 2023-00365496 PDF
31-12-2021 micro format 27-06-2022 2022-20121034 PDF
31-12-2020 micro format 29-06-2021 2021-27400208 PDF
31-12-2019 micro format 29-06-2020 2020-21900387 PDF
31-12-2018 micro format 04-07-2019 2019-29100111 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018
-3,54243,13019,89082,1484,53681,39982,98948,227
-7,57038,70015,64865,9953,57165,01165,95134,449
1,06111,4443,83156,903511,92931,22002,233
-22,60810,379-49,28125,950-105,07734,00474,986-
29428,15819,93526,95614,850120,35886,56738,416
30.3%34.1%31.9%31.8%26.3%80.0%70.5%79.5%
1.012.161.581.481.324.193.364.73
2.301.942.132.152.810.250.420.26
-26.6%2.0%-9.8%21.8%-4.7%41.8%74.6%84.5%
-8.1%0.7%-3.1%6.9%-1.2%33.4%52.6%67.2%
-0.9310.904.7917.005.90---

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1,061€11,444€3,831€56,903€511,929
Financial fixed assets€0----
€31,217€35,080€33,413€22,758€10,936

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on DEVARCH

The operating result for 2025 is a loss of €34,759, after a profit of €8,049 in 2024. It is the lowest result since 2018.

Debt's share of the balance-sheet total rises from 65.9% to 69.7%. Equity and debt are lower.

Board & ownership

Board

1 director, last change in 2020
PFLÜGER Michael
Director (not named in the articles)
since 23-10-2020 term without a fixed end
earlier manager, until 28-10-2020
listed in the 2025 annual accounts, filed on 07-04-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
PFLÜGER Michael
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • PFLÜGER Michael
    • Director (not named in the articles), from 23-10-2020 to date
    • Manager, until 28-10-2020

See the board, name and registered office on a given date →

Control

Shareholders
PFLÜGER Michael, NYSSEN Laure Catherine Manuel Ghislaine
This company
DEVARCH
Equity €145,821
Loss €38,786 in 2025

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 28-10-2020 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 18:00

Shareholders

Stated in the deed deed of 28-10-2020 ↗

Capital transactions

Capital over time
  1. 28-10-2020 Converted to unavailable equity · €8,060
  2. 28-10-2020 Converted to uncalled contributions · €12,400

Network & group

No group

DEVARCH has no parent and no holdings in its annual accounts. PFLÜGER Michael is the only director. DEVARCH shares no director with another company.

At the same address

Woonwijkstraat 28, 1050 Ixelles · 1 other company
TINKLE
registered office since 01-09-2002
 founded in 2002
0478.947.594

Timeline

Timeline

17 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 115 days before the deadline
2025
Weakest financial year net -€38,786 The net result drops to -€38,786, the lowest from 2018 to 2025.
Annual accounts 2024 filed PDFmicro format · 34 days before the deadline
2024
Back to profit net €3,620 The net result is €3,620, after one loss-making year.
Annual accounts 2023 filed PDFmicro format · 30 days late
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0685717348
Annual accounts 2022 filed PDFmicro format · 25 days late
2022
Back to profit net €43,237 The net result is €43,237, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 34 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 32 days before the deadline
2020
Equity above €150,000 equity €150,481 ▲71.7% With a profit in every financial year since 2018, equity grows to €150,481.
Legal-form change · Resignations & appointmentsChange of role: PFLÜGER Michael, from manager to director · PFLÜGER Michael holds 185 shares · NYSSEN Laure Catherine Manuel Ghislaine holds 1 share · General meeting of 23-10-20209 points ▸
  • General meeting, 23-10-2020
  • Incorporation, 05-12-2017
  • PFLÜGER Michael holds 185 shares
  • NYSSEN Laure Catherine Manuel Ghislaine holds 1 share
  • Registered-office move, Ixelles (1050-Bruxelles), rue de la Cité 28
  • 186 shares
  • Director resignation, PFLÜGER Michael (manager)
  • Director appointment, PFLÜGER Michael (director (not named in the articles))
  • Registered office clause, Ixelles (1050-Bruxelles), rue_de_la_Cité 28
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFmicro format · 32 days before the deadline
2019
Highest result from 2018 to 2025 net €65,396 ▲93.2% The operating result of €82,434 and the net result of €65,396 are both a record.
Annual accounts 2018 filed PDFmicro format · 27 days before the deadline
2017
Incorporation PDFpublished on 11-12-2017
First establishment Elyzeese Veldenstraat 33, Ixelles

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

DEVARCH was incorporated on 7 December 2017.1 Total assets rose from €50,363 in 2018 to €481,201 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0685.717.348
VAT number
BE 0685.717.348
Peppol ID
0208:0685717348
Other Peppol ID
9925:BE0685717348
Legal form
Private limited company
Status
Active, normal situation
Founded
07-12-2017
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 18:00
deed of 28-10-2020 (in French)
Peppol
Reachable since 24-11-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
DEVARCH in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-10-2020 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 28-10-2020 (in French)

Activities

NACEBEL 2025
70200 Business and other management consultancy main activity
68121 Development of residential building projects
Codes under NACEBEL 2008
70220 Business consulting main activity
41101 Real estate development
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'achat,la vente,l'échange,la construction,la reconstruction,la démolition,la transformation,l'exploitation,la location et la gérance de…”
2 activities
  1. L'achat,la vente,l'échange,la construction,la reconstruction,la démolition,la transformation,l'exploitation,la location et la gérance de tous immeubles bâtis,meublés ou non;
  2. L'achat,la vente,l'échange,la mise en valeur,le lotissement,l'exploitation,la location et l'affermage de tous immeubles non bâtis.
deed of 28-10-2020 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Woonwijkstraat 28 registered office 1050 Ixelles
Elyzeese Veldenstraat 33 1050 Ixelles 07-12-2017 2.270.515.523

Buildings and parcels at the addresses

Ground area
1,208 m²
Buildings
485 m²
Volume, LiDAR
7,757 m³
Tallest building
22.6 m
Buildings to scale, each on its own parcel
428 m², 22.6 m 57 m², 11.7 m 428 m², 22.6 m 57 m², 11.7 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21442A0295/00M0001,110 m² 1 · 428 m² 22.6 m · 6
21442A0132/00H00798 m² 1 · 57 m² 11.7 m · 3

Contact

E-mail info@devarch.eu
E-mail michaelpflueger@gmx.de establishment in Elsene
Phone +32 486 20 35 33 establishment in Elsene

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0685.717.348

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