DEVARO
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €73,000 and €150,000.
Balance sheet
balance sheet total €180,680 on 31-12-2025in euro
in euro
Position in the sector
85.9%
Higher than 89% of 17,194 companies in 2025.
6.73
Higher than 89% of 16,491 companies in 2025.
-5.5%
Higher than 15% of 16,870 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Staff
€68,818
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
180,680 | 261,028 | 281,575 | 287,820 | 394,938 | 433,029 | 224,261 | 185,320 | 180,701 | 92,623 | 67,883 | 74,128 | 68,145 | 50,881 | 49,219 | 30,603 | 35,242 | |
21/28 |
9,704 | 10,260 | 18,140 | 55,274 | 311,943 | 386,106 | 83,310 | 90,806 | 96,923 | 28,219 | 32,052 | 13,938 | 16,259 | 19,046 | 8,846 | 10,671 | 2,594 | |
21 |
- | - | - | 30,000 | 37,500 | 45,000 | 52,500 | 60,000 | 67,500 | - | - | - | - | - | - | - | - | |
22/27 |
9,679 | 10,235 | 18,115 | 22,049 | 271,218 | 337,881 | 27,585 | 27,581 | 26,198 | 28,194 | 32,027 | 13,913 | 16,234 | 19,021 | 8,821 | 10,646 | 2,569 | |
22 |
1,095 | 2,198 | 3,301 | 4,405 | 257,053 | 317,113 | 7,714 | 8,818 | 9,921 | 11,024 | 12,127 | 13,231 | 14,334 | 15,437 | - | - | - | |
23 |
- | - | 1,796 | 4,532 | 7,740 | 10,947 | 14,154 | 13,596 | 14,441 | 17,170 | 19,900 | 682 | 1,365 | 2,414 | 3,831 | 1,835 | 2,569 | |
24 |
8,584 | 8,036 | 13,017 | 13,111 | 6,425 | 9,821 | 5,717 | 5,168 | 1,837 | - | - | - | 535 | 1,170 | 4,990 | 8,811 | - | |
28 |
25 | 25 | 25 | 3,225 | 3,225 | 3,225 | 3,225 | 3,225 | 3,225 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | |
29/58 |
170,977 | 250,769 | 263,435 | 232,546 | 82,995 | 46,923 | 140,951 | 94,514 | 83,778 | 64,404 | 35,831 | 60,190 | 51,886 | 31,835 | 40,373 | 19,932 | 32,647 | |
29 |
65,000 | 65,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
290 |
65,000 | 65,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
98,562 | 84,377 | 150,868 | 72,500 | 51,257 | 15,152 | 105,921 | 40,736 | 53,330 | 30,283 | 12,270 | 26,877 | 26,073 | 19,763 | 23,000 | 7,679 | 9,680 | |
40 |
25,410 | 43,628 | 144,138 | 61,223 | 46,487 | 8,567 | 255 | 255 | 53,330 | 30,283 | 9,387 | - | 12,100 | 19,763 | 23,000 | 4,000 | 9,680 | |
41 |
73,152 | 40,749 | 6,730 | 11,277 | 4,771 | 6,585 | 105,665 | 40,481 | - | - | 2,882 | 26,877 | 13,973 | - | - | 3,679 | - | |
54/58 |
6,324 | 100,341 | 112,567 | 160,046 | 31,737 | 31,771 | 35,030 | 53,562 | 30,448 | 34,121 | 23,562 | 33,312 | 25,813 | 12,071 | 17,373 | 12,253 | 22,967 | |
490/1 |
1,091 | 1,050 | - | - | - | - | - | 217 | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
180,680 | 261,028 | 281,575 | 287,820 | 394,938 | 433,029 | 224,261 | 185,320 | 180,701 | 92,623 | 67,883 | 74,128 | 68,145 | 50,881 | 49,219 | 30,603 | 35,242 | |
10/15 |
155,275 | 237,831 | 236,553 | 195,293 | 153,785 | 126,085 | 138,037 | 93,068 | 26,434 | 22,727 | 20,537 | 28,110 | 27,977 | 12,085 | 11,448 | 8,032 | 7,414 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
84,627 | 157,296 | 157,296 | 116,036 | 74,529 | 46,829 | 46,829 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,832 | 1,214 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,832 | 1,214 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
84,627 | 157,296 | 157,296 | 114,176 | 72,669 | 44,969 | 44,969 | - | - | - | - | - | - | - | - | - | - | |
14 |
64,448 | 74,335 | 73,056 | 73,056 | 73,056 | 73,056 | 85,008 | 85,008 | 18,374 | 14,667 | 12,477 | 20,050 | 19,917 | 4,025 | 3,388 | - | - | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19,000 | 19,000 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19,000 | 19,000 | |
17/49 |
25,405 | 23,197 | 45,022 | 92,527 | 241,153 | 306,943 | 86,225 | 92,252 | 154,266 | 69,896 | 47,346 | 46,018 | 40,167 | 38,796 | 37,771 | 3,571 | 8,827 | |
17 |
- | - | 25,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 54,520 | 34,716 | 14,673 | 19,404 | 23,919 | 28,227 | - | - | |
170/4 |
- | - | 25,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 54,520 | 34,716 | 14,673 | 19,404 | 23,919 | 28,227 | - | - | |
42/48 |
25,405 | 23,197 | 20,022 | 42,527 | 191,153 | 256,943 | 36,225 | 42,252 | 104,266 | 15,376 | 12,630 | 31,345 | 20,763 | 14,877 | 9,544 | 3,571 | 8,827 | |
42 |
- | - | - | - | 110,000 | 211,667 | 6,667 | - | 13,729 | 5,196 | 4,957 | 4,731 | 4,515 | 4,308 | 4,107 | - | - | |
44 |
6,619 | 6,313 | 5,196 | 11,015 | 21,506 | 13,523 | 15,547 | 34,295 | 60,627 | 1,965 | 2,209 | 7,921 | 4,432 | 3,340 | 3,513 | 3,223 | 7,609 | |
440/4 |
6,619 | 6,313 | 5,196 | 11,015 | 21,506 | 13,523 | 15,547 | 34,295 | 60,627 | 1,965 | 2,209 | 7,921 | 4,432 | 3,340 | 3,513 | 3,223 | 7,609 | |
45 |
18,786 | 16,885 | 14,489 | 31,512 | 42,038 | 31,754 | 14,011 | 7,621 | 18,897 | 6,364 | 5,464 | 18,693 | 11,817 | 3,532 | 1,003 | 348 | 887 | |
450/3 |
10,102 | 8,501 | 4,147 | 21,322 | 34,065 | 18,054 | 1,440 | 1,308 | 17,411 | 6,364 | 5,464 | 15,693 | 11,817 | 3,532 | 1,003 | 348 | 887 | |
454/9 |
8,684 | 8,384 | 10,342 | 10,191 | 7,974 | 13,700 | 12,571 | 6,313 | 1,485 | - | - | 3,000 | - | - | - | - | - | |
47/48 |
- | - | 337 | - | 17,608 | - | - | 337 | 11,013 | 1,851 | - | - | - | 3,697 | 922 | - | 332 | |
| Income statement | ||||||||||||||||||
76A |
1,816 | 412 | 5,506 | 756 | 1,688 | 9,592 | 7,830 | 10,451 | 240 | 112 | 982 | 9,132 | - | - | 4,345 | 4,314 | 4,370 | |
9900 |
53,016 | 86,883 | -7,888 | 108,879 | 113,683 | 97,741 | 173,213 | 137,518 | 32,207 | 7,262 | -2,048 | 2,061 | 33,685 | 22,050 | -8,380 | 5,988 | 21,112 | |
62 |
68,818 | 61,512 | 66,947 | 112,257 | 112,385 | 100,723 | 94,689 | 40,985 | 4,145 | - | - | - | - | - | - | - | - | |
630 |
5,591 | 7,880 | 9,309 | 17,153 | 15,206 | 15,206 | 14,639 | 14,271 | 29,164 | 3,833 | 4,515 | 2,321 | 2,787 | 6,340 | 5,237 | 4,554 | 1,951 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | -19,000 | - | 19,000 | |
640/8 |
62 | 60 | 58 | 188 | 166 | 51 | 47 | 46 | 46 | 47 | 47 | 54 | 47 | - | - | - | 68 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 1,947 | - | - | - | - | - | |
9901 |
-21,456 | 17,430 | -84,202 | -20,719 | -14,074 | -18,240 | 63,838 | 82,216 | -1,147 | 3,382 | -6,610 | -313 | 30,851 | 15,710 | 5,383 | 1,434 | 93 | |
75/76B |
12,904 | 27,562 | 175,742 | 85,295 | 56,174 | 7,971 | 7,971 | 6,575 | 7,047 | 4,650 | 28 | 0 | 25 | 20 | 35 | 16 | 45 | |
75 |
5,625 | 22,810 | 164,268 | 77,540 | 48,203 | - | - | 0 | 7 | - | 28 | 0 | 25 | 20 | 35 | 16 | 45 | |
76B |
7,279 | 4,751 | 11,475 | 7,755 | 7,971 | 7,971 | 7,971 | 6,575 | 7,040 | 4,650 | - | - | - | - | - | - | - | |
65/66B |
356 | 40,956 | 31,590 | 2,397 | 4,638 | 1,732 | 1,206 | 1,415 | 2,193 | 2,336 | 2,410 | 2,863 | 3,117 | 3,825 | 3,419 | 3,116 | 3,287 | |
65 |
356 | 40,956 | 31,590 | 2,397 | 4,638 | 1,732 | 1,206 | 1,415 | 2,193 | 2,336 | 2,410 | 2,863 | 3,117 | 3,825 | 3,419 | 3,116 | 3,287 | |
9903 |
-8,908 | 4,035 | 59,950 | 62,179 | 37,462 | -12,001 | 70,603 | 87,377 | 3,707 | 5,696 | -8,011 | 4,009 | 27,759 | 11,905 | 6,345 | 2,648 | 1,221 | |
67/77 |
979 | 2,757 | 18,690 | 20,672 | 9,762 | -49 | 25,634 | 20,743 | - | 3,505 | -438 | 3,876 | 11,866 | 11,269 | 2,929 | 2,030 | 7 | |
9904 |
-9,887 | 1,278 | 41,260 | 41,507 | 27,700 | -11,952 | 44,969 | 66,634 | 3,707 | 2,191 | -7,573 | 132 | 15,893 | 637 | 3,416 | 618 | 1,214 | |
9905 |
-9,887 | 1,278 | 41,260 | 41,507 | 27,700 | -11,952 | 44,969 | 66,634 | 3,707 | 2,191 | -7,573 | 132 | 15,893 | 637 | 3,416 | 618 | 1,214 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
64,448 | 74,335 | 114,316 | 114,564 | 100,757 | 73,056 | 129,977 | 85,008 | 18,374 | 14,667 | 12,477 | 20,050 | 19,917 | 4,025 | 3,416 | 618 | 1,214 | |
14P |
74,335 | 73,056 | 73,056 | 73,056 | 73,056 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
72,669 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 41,260 | 41,507 | 27,700 | - | 44,969 | - | - | - | - | - | - | - | 28 | 618 | 1,214 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 28 | 618 | 1,214 | |
6921 |
- | - | 41,260 | 41,507 | 27,700 | - | 44,969 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
72,669 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
72,669 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
1 | 1 | 1.3 | 2.2 | 2 | 2 | 1.8 | 1 | 0.2 | - | - | - | - | - | - | - | - | |
Hours worked1013 |
1,771 | 1,771 | 2,077 | 3,974 | 3,226 | 3,009 | 2,971 | 1,892 | 311 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
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 | 29-06-2026 | 2026-00214221 | |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00261327 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00241574 | |
| 31-12-2022 | micro format | 09-07-2023 | 2023-00217729 | |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20085634 | |
| 31-12-2020 | micro format | 05-07-2021 | 2021-30700014 | |
| 31-12-2019 | micro format | 24-06-2020 | 2020-20500174 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-40300039 | |
| 31-12-2017 | micro format | 20-06-2018 | 2018-20700311 | |
| 31-12-2016 | micro format | 24-07-2017 | 2017-34900298 | |
| 31-12-2015 | abbreviated format | 23-06-2016 | 2016-21600483 | |
| 31-12-2014 | abbreviated format | 24-06-2015 | 2015-21500594 | |
| 31-12-2013 | abbreviated format | 30-06-2014 | 2014-24200330 | |
| 31-12-2012 | abbreviated format | 31-07-2013 | 2013-38200063 | |
| 31-12-2011 | abbreviated format | 16-06-2012 | 2012-18000406 | |
| 31-12-2010 | abbreviated format | 17-06-2011 | 2011-16900182 | |
| 31-12-2009 | abbreviated format | 29-07-2010 | 2010-35200092 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -15,865 | 25,310 | -74,893 | -3,567 | 1,132 | -3,034 | 78,477 | 96,486 | 28,017 | 7,215 | -2,095 | 2,007 | 33,638 | 22,050 | 10,620 | 5,988 | 2,044 | ||
| -4,296 | 9,158 | 50,569 | 58,660 | 42,906 | 3,255 | 59,608 | 80,904 | 32,871 | 6,023 | -3,058 | 2,453 | 18,680 | 6,977 | 8,653 | 5,172 | 3,166 | ||
| 5,035 | 0 | 5,375 | 12,028 | 24,892 | 318,002 | 7,144 | 8,153 | 97,868 | 0 | 22,629 | 0 | 0 | 16,540 | 3,412 | 12,631 | 3,696 | ||
| -94,018 | -12,226 | -47,479 | 128,309 | -33 | -3,260 | -18,532 | 23,114 | -3,673 | 10,559 | -9,751 | 7,499 | 13,742 | -5,302 | 5,120 | -10,714 | - | ||
| 145,571 | 227,571 | 243,413 | 190,019 | -108,158 | -210,021 | 104,726 | 52,262 | -20,489 | 49,028 | 23,201 | 28,845 | 31,123 | 16,957 | 30,829 | 16,361 | 23,820 | ||
| 85.9% | 91.1% | 84.0% | 67.9% | 38.9% | 29.1% | 61.6% | 50.2% | 14.6% | 24.5% | 30.3% | 37.9% | 41.1% | 23.8% | 23.3% | 26.2% | 21.0% | ||
| 6.73 | 10.81 | 13.16 | 5.47 | 0.43 | 0.18 | 3.89 | 2.24 | 0.80 | 4.19 | 2.84 | 1.92 | 2.50 | 2.14 | 4.23 | 5.58 | 3.70 | ||
| 0.16 | 0.10 | 0.19 | 0.47 | 1.57 | 2.43 | 0.62 | 0.99 | 5.84 | 3.08 | 2.31 | 1.64 | 1.44 | 3.21 | 3.30 | 0.44 | 1.19 | ||
| -6.4% | 0.5% | 17.4% | 21.3% | 18.0% | -9.5% | 32.6% | 71.6% | 14.0% | 9.6% | -36.9% | 0.5% | 56.8% | 5.3% | 29.8% | 7.7% | 16.4% | ||
| -5.5% | 0.5% | 14.7% | 14.4% | 7.0% | -2.8% | 20.1% | 36.0% | 2.1% | 2.4% | -11.2% | 0.2% | 23.3% | 1.3% | 6.9% | 2.0% | 3.4% | ||
| -44.58 | 0.62 | -2.37 | -1.49 | 0.24 | - | - | - | - | - | - | - | - | - | - | - | - |
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 3 | 2 |
| full-time | 1 | 1 | 1 | 2 | 2 |
| part-time | - | - | - | 1 | - |
| in full-time equivalents | 1 | 1 | 1 | 2.4 | 2 |
| 1 | 1 | 1.3 | 2.2 | 2 | |
| On a permanent contract | 1 | 1 | 1 | 2 | 2 |
| Joined | - | - | 3 | 2 | 1 |
| Left | - | - | 5 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,035 | - | €5,375 | €12,028 | €24,892 |
| €5,591 | €7,880 | €9,309 | €17,153 | €15,206 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on DEVARO
The operating result for 2025 is a loss of €21,456, after a profit of €17,430 in 2024.
Debt's share of the balance-sheet total rises from 8.9% to 14.1%. Equity is lower and debt is higher.