Summary
Devator is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €519,817 and a net result of €13,330. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 83% of 5565 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 17-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
on the day
2023
32 d early
2022
16 d early
2021
1 d early
2020
21 d early
2019
29 d early
← 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 16 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 oldest company in Torhout, Finance and insurance sector
Equity
€519,817▲ 1.4%
2024 · €512,602
Net result
€13,330▼ 24.0%
2024 · €17,547
Total assets
€587,325▲ 1.6%
2024 · €577,838
Solvency
88.5%▼ 0.2pp
2024 · 88.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€8,512▼ 12.5%€54,579▲ 541%€22,200▼ 59.3%€23,958▲ 7.9%€23,770▼ 0.8%
Net result€7,991within the sector's middle half▲ 29.0%€36,347within the sector's middle half▲ 355%€16,240within the sector's middle half▼ 55.3%€17,547within the sector's middle half▲ 8.0%€13,330within the sector's middle half▼ 24.0%
Equity€716,390within the sector's middle half▲ 30.8%€492,350within the sector's middle half▼ 31.3%€501,390within the sector's middle half▲ 1.8%€512,602within the sector's middle half▲ 2.2%€519,817within the sector's middle half▲ 1.4%
Total assets€772,152within the sector's middle half▲ 30.1%€568,828below the sector's middle half▼ 26.3%€560,996below the sector's middle half▼ 1.4%€577,838below the sector's middle half▲ 3.0%€587,325below the sector's middle half▲ 1.6%
Debt€55,761▲ 22.3%€76,478▲ 37.2%€59,605▼ 22.1%€65,236▲ 9.4%€67,508▲ 3.5%
Working capital€91,122▼ 4.8%€89,640▼ 1.6%€88,730▼ 1.0%€100,901▲ 13.7%€108,915▲ 7.9%
Solvency92.8%above the sector's middle half▲ 0.5pp86.6%above the sector's middle half▼ 6.2pp89.4%above the sector's middle half▲ 2.8pp88.7%above the sector's middle half▼ 0.7pp88.5%above the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €587,325
Fixed assets
€413,052 ▼ 0.2%
Current assets
€174,273 ▲ 6.3%
Equity and liabilities €587,325
Equity
€519,817 ▲ 1.4%
Debt
€67,508 ▲ 3.5%
Debt's share of the balance-sheet total rises from 11.3% to 11.5%. Equity and debt are higher.
Key figures and ratios
ROE
2.6%▼
2024 · 3.4%
ROA
2.3%▼
2024 · 3.0%
Debt ≤ 1 year
€65,359▲
2024 · €63,056
Income taxes
€6,221▼
2024 · €6,387
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €45,000 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,404 | €1,404 | €1,154 | €829 | €829 | = |
| Other operating charges640/8 | - | €11,309 | €12,324 | €12,799 | €13,192 | ▲ 3.1% |
| Gross operating margin9900 | €9,916 | €67,293 | €35,678 | €37,587 | €37,791 | ▲ 0.5% |
| Operating profit (loss)9901 | €8,512 | €54,579 | €22,200 | €23,958 | €23,770 | ▼ 0.8% |
| Financial income75/76B | €2,363 | - | - | €0 | - | - |
| Recurring financial income75 | €2,363 | - | - | €0 | - | - |
| Non-recurring financial income76B | €2,363 | - | - | - | - | - |
| Financial charges65/66B | €48 | €91 | €48 | €24 | €4,219 | ▲ 17,480% |
| Recurring financial charges65 | €48 | €91 | €48 | €24 | €4,219 | ▲ 17,480% |
| Profit (loss) for the period before taxes9903 | €10,827 | €54,488 | €22,152 | €23,934 | €19,551 | ▼ 18.3% |
| Income taxes67/77 | €2,837 | €18,141 | €5,912 | €6,387 | €6,221 | ▼ 2.6% |
| Profit (loss) for the period9904 | €7,991 | €36,347 | €16,240 | €17,547 | €13,330 | ▼ 24.0% |
| Profit (loss) for the period to be appropriated9905 | €7,991 | €36,347 | €16,240 | €17,547 | €13,330 | ▼ 24.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €772,152 | €568,828 | €560,996 | €577,838 | €587,325 | ▲ 1.6% |
| Fixed assets21/28 | €627,268 | €415,864 | €414,710 | €413,881 | €413,052 | ▼ 0.2% |
| Tangible fixed assets22/27 | €383,093 | €171,689 | €170,535 | €169,706 | €168,877 | ▼ 0.5% |
| Land and buildings22 | €383,093 | €171,689 | €170,535 | €169,706 | €168,877 | ▼ 0.5% |
| Financial fixed assets28 | €244,175 | €244,175 | €244,175 | €244,175 | €244,175 | = |
| Current assets29/58 | €144,884 | €152,964 | €146,285 | €163,957 | €174,273 | ▲ 6.3% |
| Amounts receivable within one year40/41 | €134,714 | €134,586 | €134,546 | €134,546 | €134,825 | ▲ 0.2% |
| Trade receivables40 | €168 | - | - | - | - | - |
| Other amounts receivable41 | €134,546 | €134,586 | €134,546 | €134,546 | €134,825 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €10,170 | €17,856 | €11,117 | €28,742 | €38,771 | ▲ 34.9% |
| Deferred charges and accrued income490/1 | - | €522 | €623 | €669 | €678 | ▲ 1.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €772,152 | €568,828 | €560,996 | €577,838 | €587,325 | ▲ 1.6% |
| Equity10/15 | €716,390 | €492,350 | €501,390 | €512,602 | €519,817 | ▲ 1.4% |
| Contributions10/11 | €84,911 | €84,911 | €84,911 | €84,911 | €84,911 | = |
| Capital10 | €84,911 | €84,911 | €84,911 | €84,911 | €84,911 | = |
| Issued capital100 | €84,911 | €84,911 | €84,911 | €84,911 | €84,911 | = |
| Reserves13 | €647,217 | €423,177 | €416,479 | €427,691 | €434,906 | ▲ 1.7% |
| Non-distributable reserves130/1 | €8,491 | €8,491 | €8,491 | €8,491 | €8,491 | = |
| Legal reserve130 | €8,491 | €8,491 | €8,491 | €8,491 | €8,491 | = |
| Distributable reserves133 | €638,726 | €414,685 | €407,988 | €419,200 | €426,415 | ▲ 1.7% |
| Profit (loss) carried forward14 | -€15,738 | -€15,738 | - | - | - | - |
| Amounts payable17/49 | €55,761 | €76,478 | €59,605 | €65,236 | €67,508 | ▲ 3.5% |
| Amounts payable within one year42/48 | €53,762 | €63,324 | €57,555 | €63,056 | €65,359 | ▲ 3.7% |
| Taxes, remuneration and social security45 | €2,837 | €20,031 | €7,802 | €8,277 | €3,137 | ▼ 62.1% |
| Taxes450/3 | €2,837 | €20,031 | €7,802 | €8,277 | €3,137 | ▼ 62.1% |
| Other amounts payable47/48 | €50,925 | €43,293 | €49,753 | €54,778 | €62,221 | ▲ 13.6% |
| Accrued charges and deferred income492/3 | €2,000 | €13,154 | €2,050 | €2,180 | €2,150 | ▼ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,991 | €36,347 | €16,240 | €17,547 | €13,330 | ▼ 24.0% |
| + Depreciation and write-downs630 | €1,404 | €1,404 | €1,154 | €829 | €829 | = |
| Operating cash flow (approximation) | €9,395 | €37,751 | €17,394 | €18,376 | €14,159 | ▼ 22.9% |
| Investment in fixed assets (approximation) | - | €210,000 | €0 | €0 | €0 | - |
| Change in cash | - | €7,686 | -€6,740 | €17,626 | €10,028 | ▼ 43.1% |
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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €500,000Eq €501,390 ▲1.8%
6 profitable years in a row build equity to €501,390.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €36,347 ▲355%
Operating result €54,579, net result €36,347, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €6,116 ▼3.5%
Net result drops to €6,116, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-03
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.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Torhout · 1 establishment unit since 1999
Ground area
1,126 m²
Building footprint
168 m²
Volume, LiDAR
883 m³
Parcel 31522B0430/00X000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DEVATOR
since 19992.092.421.840
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0430/00X000 | Flanders | 1,125 m² | 1 · 168 m² | 8.7 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
80%
According to the annual accounts to 30-09-2025 of Devator and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,606 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-07-1999
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466575344
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.