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DEVAS CONSULT

Active
Private limited companyfounded 1995active for 31 yearsVlaskaai(Kor) 3, 8500 Kortrijk, BelgiumKBO/BCE: BE 0455.891.189
Summary

DEVAS CONSULT has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33,178 and a net result of €27,494. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 31% of 9,496 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€33,178▼ 27.4%
2024 · €45,683
Total assets
€128,011▲ 8.4%
2024 · €118,123
Net result
€27,494▼ 48.8%
2024 · €53,664
Working capital
€12,908▼ 70.9%
2024 · €44,430
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 47% below 2024 and is the lowest 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.

Operating result€35,757 2025 Net result€27,494 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 82, Office administrative, office support and other business support 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).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€19,669-€43,924▲ 123%€20,627▼ 53.0%€56,036▲ 172%€63,224▲ 12.8%€56,289▼ 11.0%€67,103▲ 19.2%€35,757▼ 46.7%
Net result€13,873-€35,023▲ 152%€14,902within the sector's middle half▼ 57.5%€37,594within the sector's middle half▲ 152%€45,523above the sector's middle half▲ 21.1%€42,020within the sector's middle half▼ 7.7%€53,664above the sector's middle half▲ 27.7%€27,494within the sector's middle half▼ 48.8%
Equity€59,208-€82,630▲ 39.6%€95,908within the sector's middle half▲ 16.1%€131,902within the sector's middle half▲ 37.5%€175,825above the sector's middle half▲ 33.3%€216,245above the sector's middle half▲ 23.0%€45,683within the sector's middle half▼ 78.9%€33,178within the sector's middle half▼ 27.4%
Total assets€105,172-€120,904▲ 15.0%€115,639within the sector's middle half▼ 4.4%€143,903within the sector's middle half▲ 24.4%€194,790within the sector's middle half▲ 35.4%€230,069within the sector's middle half▲ 18.1%€118,123within the sector's middle half▼ 48.7%€128,011within the sector's middle half▲ 8.4%
Debt€45,964-€38,274▼ 16.7%€19,731▼ 48.4%€12,001▼ 39.2%€18,965▲ 58.0%€13,824▼ 27.1%€72,439▲ 424%€94,834▲ 30.9%
Working capital€13,249-€43,417▲ 228%€66,666within the sector's middle half▲ 53.5%€117,262above the sector's middle half▲ 75.9%€174,788above the sector's middle half▲ 49.1%€215,545above the sector's middle half▲ 23.3%€44,430within the sector's middle half▼ 79.4%€12,908within the sector's middle half▼ 70.9%
Solvency56.3%-68.3%▲ 12.0pp82.9%above the sector's middle half▲ 14.6pp91.7%above the sector's middle half▲ 8.7pp90.3%above the sector's middle half▼ 1.4pp94.0%above the sector's middle half▲ 3.7pp38.7%within the sector's middle half▼ 55.3pp25.9%within the sector's middle half▼ 12.8pp
Current ratio1.51-2.47▲ 0.954.39above the sector's middle half▲ 1.9210.77above the sector's middle half▲ 6.3810.22above the sector's middle half▼ 0.5516.59above the sector's middle half▲ 6.381.61within the sector's middle half▼ 14.981.28within the sector's middle half▼ 0.34
Return on assets (ROA)13.2%-29.0%▲ 15.8pp12.9%within the sector's middle half▼ 16.1pp26.1%above the sector's middle half▲ 13.2pp23.4%within the sector's middle half▼ 2.8pp18.3%within the sector's middle half▼ 5.1pp45.4%above the sector's middle half▲ 27.2pp21.5%within the sector's middle half▼ 24.0pp
above within below the middle half of NACE 82, Office administrative, office support and other business support 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128,011
Fixed assets €68,196 ▲ 5,342%
Current assets €59,815 ▼ 48.8%
Equity and liabilities €128,011
Equity €33,178 ▼ 27.4%
Debt €94,834 ▲ 30.9%
Debt's share of the balance-sheet total rises from 61.3% to 74.1%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€48,265▼
2024 · €67,450
Cash flow
€40,002▼
2024 · €54,011
Debt to equity
2.86▲
2024 · 1.59
ROE
82.9%▼
2024 · 117.5%
Interest coverage
27.37▼
2024 · over 100
Debt ≤ 1 year
€46,907▼
2024 · €72,439
Debt > 1 year
€47,927
Income taxes
€6,500▼
2024 · €21,189
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.0% went bankrupt
3.7% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

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 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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% 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 3,818 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€118,123€128,011▲
Fixed assets21/28€1,253€68,196▲
Tangible fixed assets22/27€1,253€68,196▲
Plant, machinery and equipment23€1,253€761▼
Furniture and vehicles24-€67,435
Current assets29/58€116,870€59,815▼
Amounts receivable within one year40/41€18,326€10,983▼
Trade receivables40€18,150€7,299▼
Other amounts receivable41€176€3,684▲
Current investments50/53€0-
Cash at bank and in hand54/58€73,742€37,048▼
Deferred charges and accrued income490/1€24,801€11,784▼
Equity and liabilities
Total equity and liabilities10/49€118,123€128,011▲
Equity10/15€45,683€33,178▼
Contributions10/11€0-
Reserves13€45,683€33,178▼
Distributable reserves133€45,683€33,178▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€72,439€94,834▲
Amounts payable after more than one year17-€47,927
Financial debts170/4-€47,927
Amounts payable within one year42/48€72,439€46,907▼
Current portion of amounts payable after more than one year42-€13,854
Trade debts44€12,452€23,071▲
Suppliers440/4€12,452€23,071▲
Taxes, remuneration and social security45€6,071€7,978▲
Taxes450/3€6,071€7,978▲
Other amounts payable47/48€53,916€2,004▼
Income statement Code20242025
Non-recurring operating income76A-€16,500
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€347€12,508▲
Other operating charges640/8€1,025€1,390▲
Gross operating margin9900€68,474€49,655▼
Operating profit (loss)9901€67,103€35,757▼
Financial income75/76B€8,131€0▼
Recurring financial income75€8,131€0▼
Financial charges65/66B€381€1,764▲
Recurring financial charges65€381€1,764▲
Profit (loss) for the period before taxes9903€74,853€33,994▼
Income taxes67/77€21,189€6,500▼
Profit (loss) for the period9904€53,664€27,494▼
Profit (loss) for the period to be appropriated9905€53,664€27,494▼
Appropriation of the result
Profit (loss) to be appropriated9906€53,664€27,494▼
Transfer from equity791/2€126,725€40,000▼
Transfer to equity691/2€3,664€27,494▲
To other reserves6921€3,664€27,494▲
Profit to be distributed694/7€176,725€40,000▼
Return on contributions (dividend)694€176,725€40,000▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-------€16,500-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,405€18,244€18,620€13,714€13,603€1,012€347€12,508▲ 3,505%
Other operating charges640/8---€898€905€798€1,025€1,390▲ 35.7%
Non-recurring operating charges66A---€2,518-----
Gross operating margin9900€43,978€63,226€41,586€73,167€77,732€58,098€68,474€49,655▼ 27.5%
Operating profit (loss)9901€19,669€43,924€20,627€56,036€63,224€56,289€67,103€35,757▼ 46.7%
Financial income75/76B---€8€12€3,534€8,131€0▼ 100.0%
Recurring financial income75€0€10-€8€12€3,534€8,131€0▼ 100.0%
Financial charges65/66B---€2,999€435€656€381€1,764▲ 363%
Recurring financial charges65€655€561€407€340€435€656€381€1,764▲ 363%
Non-recurring financial charges66B---€2,660-----
Profit (loss) for the period before taxes9903€19,014€43,373€20,221€53,045€62,800€59,168€74,853€33,994▼ 54.6%
Income taxes67/77€5,140€8,351€5,319€15,451€17,278€17,148€21,189€6,500▼ 69.3%
Profit (loss) for the period9904€13,873€35,023€14,902€37,594€45,523€42,020€53,664€27,494▼ 48.8%
Profit (loss) for the period to be appropriated9905€13,873€35,023€14,902€37,594€45,523€42,020€53,664€27,494▼ 48.8%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€105,172€120,904€115,639€143,903€194,790€230,069€118,123€128,011▲ 8.4%
Fixed assets21/28€66,176€47,932€29,312€14,640€1,037€700€1,253€68,196▲ 5,342%
Tangible fixed assets22/27€66,151€47,907€29,287€14,615€1,012€700€1,253€68,196▲ 5,342%
Plant, machinery and equipment23---€1,428€1,012€700€1,253€761▼ 39.3%
Furniture and vehicles24---€13,187---€67,435-
Financial fixed assets28€25€25€25€25€25€0---
Current assets29/58€38,996€72,972€86,327€129,263€193,753€229,369€116,870€59,815▼ 48.8%
Amounts receivable within one year40/41€14,660€27,239€11,198€16,035€11,154€9,539€18,326€10,983▼ 40.1%
Trade receivables40---€11,354€8,426€6,632€18,150€7,299▼ 59.8%
Other amounts receivable41---€4,681€2,728€2,907€176€3,684▲ 1,998%
Current investments50/53€2,660€2,660€2,660--€175,000€0--
Cash at bank and in hand54/58€12,715€34,581€67,977€105,445€173,743€32,856€73,742€37,048▼ 49.8%
Deferred charges and accrued income490/1---€7,784€8,855€11,973€24,801€11,784▼ 52.5%
Equity and liabilities
Total equity and liabilities10/49€105,172€120,904€115,639€143,903€194,790€230,069€118,123€128,011▲ 8.4%
Equity10/15€59,208€82,630€95,908€131,902€175,825€216,245€45,683€33,178▼ 27.4%
Contributions10/11€47,500€47,500-€47,500€47,500€47,500€0--
Reserves13€11,708€35,130€48,408€84,402€128,325€168,745€45,683€33,178▼ 27.4%
Non-distributable reserves130/1---€4,750€4,750€0---
Reserves not available under the articles1311---€4,750€4,750€0---
Distributable reserves133---€79,652€123,575€168,745€45,683€33,178▼ 27.4%
Profit (loss) carried forward14-€10,122-€5,617---€0€0€0-
Amounts payable17/49€45,964€38,274€19,731€12,001€18,965€13,824€72,439€94,834▲ 30.9%
Amounts payable after more than one year17€20,217€8,718-----€47,927-
Financial debts170/4-------€47,927-
Amounts payable within one year42/48€25,747€29,556€19,661€12,001€18,965€13,824€72,439€46,907▼ 35.2%
Current portion of amounts payable after more than one year42-------€13,854-
Trade debts44€3,731€1,028€409€2,430€7,484€527€12,452€23,071▲ 85.3%
Suppliers440/4---€2,430€7,484€527€12,452€23,071▲ 85.3%
Taxes, remuneration and social security45---€7,196€4,731€12,012€6,071€7,978▲ 31.4%
Taxes450/3---€7,196€2,731€12,012€6,071€7,978▲ 31.4%
Remuneration and social security454/9----€2,000€0---
Other amounts payable47/48---€2,375€6,749€1,285€53,916€2,004▼ 96.3%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€13,873€35,023€14,902€37,594€45,523€42,020€53,664€27,494▼ 48.8%
+ Depreciation and write-downs630€23,405€18,244€18,620€13,714€13,603€1,012€347€12,508▲ 3,505%
Operating cash flow (approximation)€37,278€53,267€33,522€51,308€59,126€43,032€54,011€40,002▼ 25.9%
Investment in fixed assets (approximation)-€0€0€958€0-€675-€900-€79,451▼ 8,728%
Change in cash-€21,865€33,396€37,468€68,299-€140,887€40,886-€36,694-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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