Devarco
ActiveSummary
Devarco has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €960,675 and a net result of €668,880. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 1765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+7
Solvency94▲+32
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 2.0 against 0.7 in 2024; short-term debt: 19.6% and cash: 8.1% of total assets), and 30.8% of the assets are financed with debt.
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Signals
Four 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
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← 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
69.2%
Return on assets
48.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
29 d late
2023
13 d early
2022
55 d early
2021
3 d early
2020
39 d early
2019
on the day
← 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 8 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 oldest company in Dessel
Equity
€960,675▲ 210%
2024 · €309,789
Total assets
€1.4m▲ 63.8%
2024 · €848,001
Net result
€668,880▲ 308%
2024 · €163,988
Working capital
€273,173
2024 · -€108,614
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€165,217-€87,177▲ 47.2%€111,241€204,340▲ 83.7%€941,077▲ 361%
Net result-€176,971below the sector's middle half-€99,160below the sector's middle half▲ 44.0%€83,868within the sector's middle half€163,988within the sector's middle half▲ 95.5%€668,880above the sector's middle half▲ 308%
Equity€161,093within the sector's middle half▼ 52.3%€61,933below the sector's middle half▼ 61.6%€145,801below the sector's middle half▲ 135%€309,789within the sector's middle half▲ 112%€960,675within the sector's middle half▲ 210%
Total assets€1.0mwithin the sector's middle half▲ 2.2%€1.0mwithin the sector's middle half=€1.0mwithin the sector's middle half▲ 3.2%€848,001below the sector's middle half▼ 18.3%€1.4mwithin the sector's middle half▲ 63.8%
Debt€845,271▲ 30.7%€944,485▲ 11.7%€892,492▼ 5.5%€538,213▼ 39.7%€428,396▼ 20.4%
Working capital-€160,921below the sector's middle half-€188,781below the sector's middle half▼ 17.3%-€229,495below the sector's middle half▼ 21.6%-€108,614below the sector's middle half▲ 52.7%€273,173within the sector's middle half
Solvency16.0%within the sector's middle half▼ 18.3pp6.2%below the sector's middle half▼ 9.9pp14.0%below the sector's middle half▲ 7.9pp36.5%within the sector's middle half▲ 22.5pp69.2%above the sector's middle half▲ 32.6pp
Current ratio0.70below the sector's middle half▼ 0.530.65below the sector's middle half▼ 0.040.64below the sector's middle half▼ 0.010.70below the sector's middle half▲ 0.062.00within the sector's middle half▲ 1.30
Return on assets (ROA)-17.6%below the sector's middle half▼ 20.0pp-9.9%below the sector's middle half▲ 7.7pp8.1%within the sector's middle half▲ 17.9pp19.3%above the sector's middle half▲ 11.3pp48.2%above the sector's middle half▲ 28.8pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 361% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€843,973 ▲ 42.7%
Current assets
€545,099 ▲ 112%
Equity and liabilities €1.4m
Equity
€960,675 ▲ 210%
Debt
€428,396 ▼ 20.4%
Debt's share of the balance-sheet total falls from 63.5% to 30.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.0m▲
2024 · €233,155
Cash flow
€741,878▲
2024 · €192,803
Debt to equity
0.45▼
2024 · 1.74
ROE
69.6%▲
2024 · 52.9%
Interest coverage
84.15▲
2024 · 10.21
Debt ≤ 1 year
€271,926▼
2024 · €365,206
Debt > 1 year
€156,471▼
2024 · €169,142
Income taxes
€260,838▲
2024 · €18,189
Staff costs
€273
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 20,129 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €273 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,450 | €31,588 | €31,107 | €28,815 | €72,999 | ▲ 153% |
| Other operating charges640/8 | €4,483 | €3,977 | €5,456 | €8,561 | €10,172 | ▲ 18.8% |
| Gross operating margin9900 | -€128,284 | -€51,613 | €147,804 | €241,716 | €1.0m | ▲ 324% |
| Operating profit (loss)9901 | -€165,217 | -€87,177 | €111,241 | €204,340 | €941,077 | ▲ 361% |
| Financial income75/76B | €854 | €610 | €400 | €677 | €692 | ▲ 2.1% |
| Recurring financial income75 | €854 | €610 | €400 | €677 | €692 | ▲ 2.1% |
| Financial charges65/66B | €12,496 | €12,480 | €19,243 | €22,841 | €12,051 | ▼ 47.2% |
| Recurring financial charges65 | €12,496 | €12,480 | €19,243 | €22,841 | €12,051 | ▼ 47.2% |
| Profit (loss) for the period before taxes9903 | -€176,860 | -€99,048 | €92,398 | €182,177 | €929,717 | ▲ 410% |
| Income taxes67/77 | €111 | €112 | €8,530 | €18,189 | €260,838 | ▲ 1,334% |
| Profit (loss) for the period9904 | -€176,971 | -€99,160 | €83,868 | €163,988 | €668,880 | ▲ 308% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €252,600 | - |
| Profit (loss) for the period to be appropriated9905 | -€176,971 | -€99,160 | €83,868 | €163,988 | €416,280 | ▲ 154% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €1.0m | €848,001 | €1.4m | ▲ 63.8% |
| Fixed assets21/28 | €639,071 | €655,138 | €624,031 | €591,410 | €843,973 | ▲ 42.7% |
| Tangible fixed assets22/27 | €639,071 | €655,138 | €624,031 | €591,410 | €843,973 | ▲ 42.7% |
| Land and buildings22 | €636,131 | €614,382 | €592,805 | €571,229 | €549,653 | ▼ 3.8% |
| Plant, machinery and equipment23 | €2,940 | €40,756 | €31,225 | €14,432 | €82,854 | ▲ 474% |
| Furniture and vehicles24 | - | - | - | €5,748 | €3,630 | ▼ 36.9% |
| Leasing and similar rights25 | - | - | - | - | €207,837 | - |
| Current assets29/58 | €367,293 | €351,280 | €414,262 | €256,592 | €545,099 | ▲ 112% |
| Stocks and contracts in progress3 | €283,452 | €281,475 | €299,955 | €0 | - | - |
| Stocks30/36 | €283,452 | €281,475 | €299,955 | €0 | - | - |
| Amounts receivable within one year40/41 | €46,139 | €53,512 | €45,047 | €119,819 | €32,787 | ▼ 72.6% |
| Trade receivables40 | €10,852 | €38,785 | €45,047 | €119,819 | €22,761 | ▼ 81.0% |
| Other amounts receivable41 | €35,287 | €14,726 | €0 | - | €10,027 | - |
| Current investments50/53 | €11,458 | €11,458 | €11,458 | €11,458 | €386,458 | ▲ 3,273% |
| Cash at bank and in hand54/58 | €22,781 | €37 | €53,811 | €119,930 | €112,839 | ▼ 5.9% |
| Deferred charges and accrued income490/1 | €3,464 | €4,798 | €3,991 | €5,385 | €13,014 | ▲ 142% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.0m | €848,001 | €1.4m | ▲ 63.8% |
| Equity10/15 | €161,093 | €61,933 | €145,801 | €309,789 | €960,675 | ▲ 210% |
| Contributions10/11 | €18,666 | €18,666 | €18,666 | €18,666 | €18,666 | = |
| Reserves13 | €142,427 | €43,266 | €127,135 | €291,122 | €942,009 | ▲ 224% |
| Non-distributable reserves130/1 | €1,867 | €1,867 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,867 | €1,867 | €0 | - | - | - |
| Tax-exempt reserves132 | €6,114 | €6,114 | €6,114 | €6,114 | €258,714 | ▲ 4,132% |
| Distributable reserves133 | €134,446 | €35,286 | €121,021 | €285,008 | €683,295 | ▲ 140% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €845,271 | €944,485 | €892,492 | €538,213 | €428,396 | ▼ 20.4% |
| Amounts payable after more than one year17 | €317,057 | €404,424 | €248,735 | €169,142 | €156,471 | ▼ 7.5% |
| Financial debts170/4 | €317,057 | €404,424 | €248,735 | €169,142 | €156,471 | ▼ 7.5% |
| Amounts payable within one year42/48 | €528,214 | €540,061 | €643,757 | €365,206 | €271,926 | ▼ 25.5% |
| Current portion of amounts payable after more than one year42 | €256,522 | €182,633 | €288,189 | €58,943 | €134,349 | ▲ 128% |
| Financial debts43 | - | €60,011 | €0 | - | - | - |
| Credit institutions430/8 | - | €60,011 | €0 | - | - | - |
| Trade debts44 | €153,592 | €170,625 | €169,294 | €138,519 | €26,260 | ▼ 81.0% |
| Suppliers440/4 | €153,592 | €170,625 | €169,294 | €138,519 | €26,260 | ▼ 81.0% |
| Taxes, remuneration and social security45 | €2,875 | €2,875 | €12,999 | €12,817 | €21,602 | ▲ 68.5% |
| Taxes450/3 | €0 | - | €10,124 | €9,942 | €18,727 | ▲ 88.4% |
| Remuneration and social security454/9 | €2,875 | €2,875 | €2,875 | €2,875 | €2,875 | = |
| Other amounts payable47/48 | €115,226 | €123,917 | €173,276 | €154,928 | €89,715 | ▼ 42.1% |
| Accrued charges and deferred income492/3 | - | - | - | €3,865 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€176,971 | -€99,160 | €83,868 | €163,988 | €668,880 | ▲ 308% |
| + Depreciation and write-downs630 | €32,450 | €31,588 | €31,107 | €28,815 | €72,999 | ▲ 153% |
| Operating cash flow (approximation) | -€144,521 | -€67,573 | €114,975 | €192,803 | €741,878 | ▲ 285% |
| Investment in fixed assets (approximation) | - | -€47,655 | €0 | €3,806 | -€325,562 | ▼ 8,654% |
| Change in cash | - | -€22,744 | €53,775 | €66,118 | -€7,091 | ▼ 111% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Highest result since 2018net €668,880 ▲308%
Operating result €941,077, net result €668,880, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.00
Current ratio from 0.70 to 2.00; short-term debt falls from €365,206 to €271,926.
31-12
Financial
Equity above €500,000Eq €960,675 ▲210%
3 profitable years in a row build equity to €960,675.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Equity above €200,000Eq €309,789 ▲112%
2 profitable years in a row build equity to €309,789.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €83,868
Net result €83,868 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €145,801 ▲135%
Equity rises from €61,933 to €145,801.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€176,971
Net result drops to -€176,971, the lowest in the series; recovery starts the following year.
Show earlier events
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-05
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dessel · 1 establishment unit since 1970
Ground area
8,190 m²
Building footprint
3,148 m²
Volume, LiDAR
13,612 m³
Parcel 13006A0642/00E000, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Molenhei 20, 2480 Dessel
since 19702.003.791.455
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13006A0642/00E000 | Flanders | 8,190 m² | 1 · 3,148 m² | 10.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 3,943 EUR awarded · 3,943 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 312 EUR | 312 EUR |
| 2023 | 1 | 3,631 EUR | 3,631 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteDessel2.003.791.455
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Of 903 companies in sector 01461 we hold annual accounts for 295. 232 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-08-1969
Fiscal year end31-12
Activities, NACEBEL 2025
01461Pig breeding farms
E-invoicing
Reachable via Peppol
Peppol ID
0208:0406852444
Also
9925:BE0406852444
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.