DEVAVAN
ActiveThe computed 12-month bankruptcy probability of DEVAVAN is 1.9% (moderate). The 2025 annual accounts show negative equity (€-28k) and a net result of €-9k. Equity is shrinking by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 3603 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
20
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency39▼-2
Growth32=
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.86 in 2024), and equity is negative.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
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
-34.5%
Return on assets
-11.8%
Age of the figures
8 mo
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 · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€28k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
34 d early
2022
30 d late
2021
31 d late
2020
31 d late
2019
66 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-28k▼ 51.7%
2024 · €-18k
2018: €33k
2019: €29k
2020: €29k
2021: €6k
2022: €-5k
2023: €6k
2024: €-18k
2018 → 2025
Total assets
€80k▼ 0.7%
2024 · €81k
2018: €90k
2019: €78k
2020: €64k
2021: €52k
2022: €69k
2023: €89k
2024: €81k
2018 → 2025
Net result
€-9k▲ 60.3%
2024 · €-24k
2018: €1k
2019: €-5k
2020: €140
2021: €-23k
2022: €-11k
2023: €11k
2024: €-24k
2018 → 2025
Working capital
€-18k▼ 73.4%
2024 · €-11k
2018: €16k
2019: €12k
2020: €24k
2021: €12k
2022: €7k
2023: €10k
2024: €-11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€-5k€6k€-18k€-28k▼ 51.7%
Operating result€-21k-€-9k▲ 56.4%€14k€-30k€-9k▲ 71.7%
Net result€-23k-€-11k▲ 51.1%€11k€-24k€-9k▲ 60.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €30k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80k
Fixed assets
€16k▲ 11.5%
Current assets
€64k▼ 3.4%
Key figures and ratios
EBITDA
€-6k▲
2024 · €-28k
Cash flow
€-7k▲
2024 · €-21k
Solvency
-34.5%▼
2024 · -22.6%
Current ratio
0.78▼
2024 · 0.86
Quick ratio
0.66▼
2024 · 0.79
Debt / equity
-3.90▲
2024 · -5.43
ROE
34.1%▼
2024 · 130.3%
ROA
-11.8%▲
2024 · -29.4%
Interest coverage
-1.97▲
2024 · -10.00
Debt
€108k▲
2024 · €99k
Debt ≤ 1 year
€82k▲
2024 · €77k
Debt > 1 year
€15k▼
2024 · €18k
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€81k€80k▼
Fixed assets21/28€15k€16k▲
Tangible fixed assets22/27€8k€9k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€3k€6k▲
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€7k€7k=
Current assets29/58€66k€64k▼
Stocks and contracts in progress3€6k€10k▲
Stocks30/36€6k€10k▲
Amounts receivable within one year40/41€44k€48k▲
Trade receivables40€37k€38k▲
Other amounts receivable41€7k€11k▲
Cash at bank and in hand54/58€16k€6k▼
Deferred charges and accrued income490/1€193€200▲
Equity and liabilities
Total equity and liabilities10/49€81k€80k▼
Equity10/15€-18k€-28k▼
Contributions10/11€21k€21k=
Reserves13€4k€4k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-44k€-53k▼
Amounts payable17/49€99k€108k▲
Amounts payable after more than one year17€18k€15k▼
Financial debts170/4€18k€15k▼
Amounts payable within one year42/48€77k€82k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€52k€55k▲
Suppliers440/4€52k€55k▲
Advances received on contracts in progress46-€595
Taxes, remuneration and social security45€10k€8k▼
Taxes450/3€7k€5k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€12k€16k▲
Accrued charges and deferred income492/3€4k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€737€656▼
Gross operating margin9900€-27k€-5k▲
Operating profit (loss)9901€-30k€-9k▲
Financial income75/76B€9k€2k▼
Recurring financial income75€9k€2k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-24k€-9k▲
Profit (loss) for the period9904€-24k€-9k▲
Transfer to tax-exempt reserves689€356€0▼
Profit (loss) for the period to be appropriated9905€-24k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€-53k▼
Profit (loss) brought forward from the previous period14P€-20k€-44k▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (17 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-24k ▼317%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €140
Net result €140 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.92
Current ratio from 1.44 to 2.92; short-term debt falls from €28k to €12k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 66 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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 2003
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.
Oude Tieltstraat 388760 TieltGround area
843 m²
Building footprint
528 m²
Volume, LiDAR
2,885 m³
2 parcels, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pittemstraat 4, 8760 Tielt
since 20032.126.292.755
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322B0688/00F000 | Flanders | 434 m² | 1 · 434 m² | 12.5 m · 1 fl. |
| 37322B0414/00P002 | Flanders | 409 m² | 1 · 95 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,477 companies in sector 56210 we hold annual accounts for 2,427. 1,141 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-2001
Fiscal year end31-12
Activities, NACEBEL
56210Event catering
53200Other postal and courier activities
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.