DEVATH
ActiveSummary
DEVATH has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281,215 and a net result of -€52,973. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 92% of 10429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-77
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 6.96 against 7.62 in 2024; short-term debt: 10.9% and cash: 10.5% of total assets), and 15.1% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
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
84.9%
Return on assets
-16%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 20-10-2025, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
6 d early
2023
4 d early
2022
5 d early
2022
22 d late
2021
30 d late
2020
30 d late
← 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 after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, abbreviated schema
Equity
€281,215▼ 18.2%
2024 · €343,669
Total assets
€331,118▼ 24.1%
2024 · €436,187
Net result
-€52,973
2024 · €28,651
Working capital
€215,336▼ 26.7%
2024 · €293,671
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222022202320242025
Operating result€10,031▼ 91.0%-€5,201-€21,130€14,461▼ 31.6%-€50,196
Net result€47,849▼ 59.9%€45,448-€58,218▲ 28.1%€28,651▼ 50.8%-€52,973
Equity€282,752▲ 20.4%€280,351-€324,970▲ 15.9%€343,669▲ 5.8%€281,215▼ 18.2%
Total assets€351,304▼ 4.7%€363,000-€430,099▲ 18.5%€436,187▲ 1.4%€331,118▼ 24.1%
Debt€68,552▼ 48.7%€82,649-€105,128▲ 27.2%€92,518▼ 12.0%€49,903▼ 46.1%
Working capital€198,103▲ 36.9%€192,182-€276,862▲ 44.1%€293,671▲ 6.1%€215,336▼ 26.7%
Staff (FTE)4.3▲ 26.5%4.3-4.1▼ 4.7%4.2▲ 2.4%5.7▲ 35.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €331,118
Fixed assets
€79,629 ▼ 18.8%
Current assets
€251,490 ▼ 25.6%
Equity and liabilities €331,118
Equity
€281,215 ▼ 18.2%
Debt
€49,903 ▼ 46.1%
Debt's share of the balance-sheet total falls from 21.2% to 15.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€27,403▼
2024 · €38,616
Cash flow
-€30,181▼
2024 · €52,806
Current ratio
6.96▼
2024 · 7.62
Quick ratio
2.06▼
2024 · 4.51
Debt to equity
0.18▼
2024 · 0.27
ROE
-18.8%▼
2024 · 8.3%
ROA
-16.0%▼
2024 · 6.6%
Interest coverage
-5.99▼
2024 · 8.72
Debt ≤ 1 year
€36,153▼
2024 · €44,393
Debt > 1 year
€13,750▼
2024 · €48,125
Staff costs
€193,371▲
2024 · €159,052
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,967 | - | - | - |
| Remuneration, social security and pensions62 | €118,427 | €138,691 | €144,109 | €159,052 | €193,371 | ▲ 21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,874 | €31,565 | €25,176 | €24,155 | €22,792 | ▼ 5.6% |
| Other operating charges640/8 | €4,065 | €5,799 | €1,145 | €1,346 | €2,188 | ▲ 62.5% |
| Gross operating margin9900 | €160,397 | €170,854 | €191,560 | €199,014 | €168,155 | ▼ 15.5% |
| Operating profit (loss)9901 | €10,031 | -€5,201 | €21,130 | €14,461 | -€50,196 | ▼ 447% |
| Financial income75/76B | €66,998 | €78,617 | €66,869 | €33,319 | €1,797 | ▼ 94.6% |
| Recurring financial income75 | €66,998 | €78,617 | €66,869 | €33,319 | €1,797 | ▼ 94.6% |
| Financial charges65/66B | €4,060 | €4,902 | €5,673 | €4,429 | €4,575 | ▲ 3.3% |
| Recurring financial charges65 | €4,060 | €4,902 | €5,673 | €4,429 | €4,575 | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | €72,969 | €68,514 | €82,326 | €43,351 | -€52,973 | ▼ 222% |
| Income taxes67/77 | €25,120 | €23,066 | €24,108 | €14,700 | - | - |
| Profit (loss) for the period9904 | €47,849 | €45,448 | €58,218 | €28,651 | -€52,973 | ▼ 285% |
| Profit (loss) for the period to be appropriated9905 | €47,849 | €45,448 | €58,218 | €28,651 | -€52,973 | ▼ 285% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €351,304 | €363,000 | €430,099 | €436,187 | €331,118 | ▼ 24.1% |
| Fixed assets21/28 | €84,649 | €88,168 | €105,439 | €98,123 | €79,629 | ▼ 18.8% |
| Tangible fixed assets22/27 | €84,649 | €88,168 | €103,939 | €96,623 | €78,129 | ▼ 19.1% |
| Land and buildings22 | €39,180 | €38,302 | €33,035 | €27,768 | €22,502 | ▼ 19.0% |
| Plant, machinery and equipment23 | €33,034 | €38,081 | €62,229 | €49,795 | €39,789 | ▼ 20.1% |
| Furniture and vehicles24 | €12,435 | €11,786 | €8,675 | €19,059 | €15,838 | ▼ 16.9% |
| Financial fixed assets28 | - | - | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €266,655 | €274,831 | €324,660 | €338,064 | €251,490 | ▼ 25.6% |
| Stocks and contracts in progress3 | €166,051 | €164,900 | €174,634 | €137,808 | €177,171 | ▲ 28.6% |
| Stocks30/36 | €166,051 | €164,900 | €174,634 | €137,808 | €177,171 | ▲ 28.6% |
| Amounts receivable within one year40/41 | €43,587 | €45,195 | €24,727 | €33,324 | €32,825 | ▼ 1.5% |
| Trade receivables40 | - | - | €2,609 | - | - | - |
| Other amounts receivable41 | €43,587 | €45,195 | €22,119 | €33,324 | €32,825 | ▼ 1.5% |
| Cash at bank and in hand54/58 | €50,880 | €58,535 | €120,492 | €161,050 | €34,757 | ▼ 78.4% |
| Deferred charges and accrued income490/1 | €6,138 | €6,201 | €4,806 | €5,882 | €6,736 | ▲ 14.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €351,304 | €363,000 | €430,099 | €436,187 | €331,118 | ▼ 24.1% |
| Equity10/15 | €282,752 | €280,351 | €324,970 | €343,669 | €281,215 | ▼ 18.2% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Reserves13 | €212,752 | €210,351 | €254,970 | €273,669 | €264,188 | ▼ 3.5% |
| Non-distributable reserves130/1 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Reserves not available under the articles1311 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Distributable reserves133 | €205,752 | €203,351 | €247,970 | €266,669 | €257,188 | ▼ 3.6% |
| Profit (loss) carried forward14 | - | - | - | - | -€52,973 | - |
| Amounts payable17/49 | €68,552 | €82,649 | €105,128 | €92,518 | €49,903 | ▼ 46.1% |
| Amounts payable after more than one year17 | - | - | €55,000 | €48,125 | €13,750 | ▼ 71.4% |
| Financial debts170/4 | - | - | €55,000 | €48,125 | €13,750 | ▼ 71.4% |
| Amounts payable within one year42/48 | €68,552 | €82,649 | €47,798 | €44,393 | €36,153 | ▼ 18.6% |
| Current portion of amounts payable after more than one year42 | €7,287 | €5,342 | - | - | - | - |
| Financial debts43 | €10,017 | €8,027 | - | €4,253 | - | - |
| Credit institutions430/8 | €10,017 | €8,027 | - | €4,253 | - | - |
| Trade debts44 | €37,845 | €58,205 | €45,690 | €40,140 | €33,650 | ▼ 16.2% |
| Suppliers440/4 | €37,845 | €58,205 | €45,690 | €40,140 | €33,650 | ▼ 16.2% |
| Taxes, remuneration and social security45 | €13,403 | €11,074 | €2,108 | - | - | - |
| Taxes450/3 | €13,167 | €11,066 | €2,108 | - | - | - |
| Remuneration and social security454/9 | €236 | €8 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €2,503 | - |
| Accrued charges and deferred income492/3 | - | - | €2,330 | - | - | - |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,849 | €45,448 | €58,218 | €28,651 | -€52,973 | ▼ 285% |
| + Depreciation and write-downs630 | €27,874 | €31,565 | €25,176 | €24,155 | €22,792 | ▼ 5.6% |
| Operating cash flow (approximation) | €75,724 | €77,013 | €83,394 | €52,806 | -€30,181 | ▼ 157% |
| Investment in fixed assets (approximation) | - | - | -€42,446 | -€16,839 | -€4,298 | ▲ 74.5% |
| Change in cash | - | - | €61,957 | €40,559 | -€126,293 | ▼ 411% |
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
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€52,973
Net result drops to -€52,973, the lowest in the series.
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Liquidity doublescurrent ratio 6.79
Current ratio from 3.33 to 6.79; short-term debt falls from €82,649 to €47,798.
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
31-01
Financial
Highest result since 2019net €119,431 ▲283%
Operating result €111,154, net result €119,431, both a record.
31-01
Financial
Equity above €200,000Eq €234,902 ▲103%
3 profitable years in a row build equity to €234,902.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
31-01
Financial
Equity above €100,000Eq €115,472 ▲37%
2 profitable years in a row build equity to €115,472.
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Oostkamp · 1 establishment unit since 2011
Ground area
2,614 m²
Building footprint
1,594 m²
Volume, LiDAR
7,897 m³
Parcel 31025G0387/00K003, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DEVATH
since 20112.192.919.184
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31025G0387/00K003 | Flanders | 2,614 m² | 1 · 1,593 m² | 7.1 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostkamp2.192.919.184
Dual-learning approval
6 endedAanvuller (so)
Kassier (so)
Verkoper (so)
Winkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,847. 3,865 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
Founded08-10-2010
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.