DEVARCO
ActiveDEVARCO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €-11k. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 11206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.52 against 6.03 in 2024), and 19.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.3%
Return on assets
-40.3%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-04-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
37 d early
2023
on the day
2022
52 d early
2021
51 d early
2020
3 d early
2019
48 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▼ 33.4%
2024 · €34k
2018: €68k
2019: €74k
2020: €70k
2021: €66k
2022: €65k
2023: €48k
2024: €34k
2018 → 2025
Total assets
€28k▼ 25.0%
2024 · €37k
2018: €71k
2019: €78k
2020: €75k
2021: €70k
2022: €70k
2023: €53k
2024: €37k
2018 → 2025
Net result
€-11k▲ 23.6%
2024 · €-15k
2018: €-16k
2019: €6k
2020: €-4k
2021: €-5k
2022: €-313
2023: €-17k
2024: €-15k
2018 → 2025
Working capital
€14k▼ 23.1%
2024 · €18k
2018: €28k
2019: €39k
2020: €33k
2021: €35k
2022: €32k
2023: €24k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€66k-€65k▼ 0.5%€48k▼ 26.2%€34k▼ 30.4%€22k▼ 33.4%
Operating result€-4k-€-7▲ 99.8%€-17k▼ 230,099%€-14k▲ 14.6%€-10k▲ 26.7%
Net result€-5k-€-313▲ 93.2%€-17k▼ 5,374%€-15k▲ 14.5%€-11k▲ 23.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €14k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€9k▼ 45.2%
Current assets
€19k▼ 10.4%
Equity and liabilities €28k
Equity
€22k▼ 33.4%
Debt
€5k▲ 53.6%
The debt ratio rises from 9.6% to 19.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-3k▲
2024 · €-6k
Cash flow
€-4k▲
2024 · €-6k
Solvency
80.3%▼
2024 · 90.4%
Current ratio
3.52▼
2024 · 6.03
Quick ratio
2.79▼
2024 · 4.91
Debt / equity
0.24▲
2024 · 0.11
ROE
-50.1%▼
2024 · -43.7%
ROA
-40.3%▼
2024 · -39.5%
Interest coverage
-18.51▲
2024 · -42.68
Debt
€5k▲
2024 · €4k
Debt ≤ 1 year
€5k▲
2024 · €4k
Income taxes
€517▲
2024 · €208
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€37k€28k▼
Fixed assets21/28€16k€9k▼
Tangible fixed assets22/27€16k€9k▼
Land and buildings22€10k€5k▼
Furniture and vehicles24€6k€4k▼
Current assets29/58€21k€19k▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€6k€6k▼
Trade receivables40€3k€5k▲
Other amounts receivable41€3k€148▼
Cash at bank and in hand54/58€11k€9k▼
Deferred charges and accrued income490/1€1k€824▼
Equity and liabilities
Total equity and liabilities10/49€37k€28k▼
Equity10/15€34k€22k▼
Contributions10/11€19k€19k=
Reserves13€15k€4k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€13k€2k▼
Amounts payable17/49€4k€5k▲
Amounts payable within one year42/48€4k€5k▲
Trade debts44€792€2k▲
Suppliers440/4€792€2k▲
Taxes, remuneration and social security45€239€535▲
Taxes450/3€239€535▲
Other amounts payable47/48€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-4k€-1k▲
Operating profit (loss)9901€-14k€-10k▲
Financial income75/76B€10€0▼
Recurring financial income75€10€0▼
Financial charges65/66B€136€185▲
Recurring financial charges65€136€185▲
Profit (loss) for the period before taxes9903€-14k€-11k▲
Income taxes67/77€208€517▲
Profit (loss) for the period9904€-15k€-11k▲
Profit (loss) for the period to be appropriated9905€-15k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-11k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€15k€11k▼
The notes to these accounts (6 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
2026
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-03
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.
Directors · office · real estate
Directors
2 acts for this company are 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, Tielt · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wingensesteenweg 106B8700 TieltGround area
4,762 m²
Building footprint
227 m²
Volume, LiDAR
1,207 m³
Parcel 37015A0362/00F000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVARCO BVBA
since 19932.063.574.139
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37015A0362/00F000 | Flanders | 4,762 m² | 1 · 227 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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GEERT LIETAER
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Of 944 companies in sector 46231 we hold annual accounts for 420. 191 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-01-1990
Fiscal year end30-09
Activities, NACEBEL
46231Wholesale of live animals
51230
37200
38210Materials recovery from waste
38323Waste collection, recovery and disposal activities
47792Retail sale of second-hand clothing
52502
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.