Equity
€205,415 ▼ 29.3%
DEVAX paid out €140,000 in dividends. That is 255% of the 2025 profit.
DEVAX
Overview
Lifetime
6 annual accounts with figures on one time axispeak €142,623 (2022)
€87,571▼ 20.4%
peak €95,444 (2022)
€54,955▼ 22.8%
peak €290,459 (2024)
€205,415▼ 29.3%
€367,478▲ 13.4%
Board1 name since 2019
1 director
Documentsfilings and deeds
08-07-202623 days before the deadline
2025micro format
Gross margin from €109,996 to €87,571Registered office moved from Wortegem-Petegem to Deurle 16-05Dividend €140,000Equity from €290,459 to €205,415
Key points
from the 2025 annual accountsChecked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0737582060
Registered office moved from Wortegem-Petegem to Deurle
New registered office: Jenny Montignylaan 9, 9831 Deurle · Previous registered office: Tjammelsstraat (W.) 42 bus B, 9790 Wortegem-Petegem · Board meeting of 01-04-2025 · Gazette deed
Incorporation
Founding capital of €15,000 · Founder: · Appointment: (director) · published on 14-11-2019 · Gazette deed
First establishment
Jenny Montignylaan 9, Sint-Martens-Latem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DEVAX Sint-Martens-Latem | €572,893 | €87,571 | 35.9% | - |
| Cirqul Deinze | €539,852 | €87,660 | 26.4% | - |
| J.K. Zwalm | €608,806 | €82,819 | 45.1% | - |
| DHDL CONSULTING Sint-Niklaas | €573,696 | €85,776 | 15.8% | - |
| BRINTGO Laarne | €640,475 | €87,337 | 32.9% | - |
| Konnekto Aalst | €622,388 | €98,448 | 51.0% | 0.8 |
| BaSS Hamme (Vl.) | €532,414 | €79,072 | 37.9% | - |
These companies have the same main activity as DEVAX: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €532,000 and €640,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 12-11-2019Normal situation
- Activity
- Activities of holding companiesNACE 64210and 2 others
- Establishment unit
- 2.295.904.7779831 Sint-Martens-Latem, since 12-11-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Annual accounts 2025
- €54,955▼ 22.8%
- €205,415▼ 29.3%
- €572,893▼ 6.8%
- ≈ 0 FTEestimated
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on DEVAX
DEVAX files the micro format. That format states no turnover. The gross margin rose from €23,557 in 2020 to €87,571 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 08-07-2026, 23 days before the deadline€205,415
▼ 29.3%
€572,893
▼ 6.8%
€54,955
▼ 22.8%
35.9%
▼ 11.4 percentage points
26.8%
▲ 2.2 percentage points
9.6%
▼ 2.0 percentage points
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance sheet
balance sheet total €572,893 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
35.9%
Higher than 37% of 10,277 companies in 2025.
9.6%
Higher than 50% of 10,128 companies in 2025.
DEVAX
Middle half of the sector
80% of the sector
Micro accounts in financial services (NACE 64)
Net result: middle half · Equity: middle half · Balance sheet total: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
572,893 | 614,490 | 627,052 | 609,831 | 78,878 | 40,542 | |
21/28 |
520,235 | 522,281 | 522,726 | 523,139 | 9,689 | 1,080 | |
22/27 |
5,235 | 7,281 | 7,726 | 8,139 | 9,689 | 1,080 | |
22 |
3,415 | 4,049 | 4,684 | 5,318 | 5,953 | - | |
24 |
1,820 | 3,232 | 3,042 | 2,820 | 3,736 | 1,080 | |
28 |
515,000 | 515,000 | 515,000 | 515,000 | - | - | |
29/58 |
52,658 | 92,209 | 104,326 | 86,692 | 69,189 | 39,462 | |
40/41 |
27,094 | 59,547 | 16,829 | 21,172 | 17,075 | 21,841 | |
40 |
26,682 | 59,132 | 16,829 | 21,172 | 13,896 | 21,841 | |
41 |
411 | 415 | - | 0 | 3,178 | - | |
54/58 |
25,564 | 32,662 | 87,497 | 65,521 | 52,115 | 17,622 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
572,893 | 614,490 | 627,052 | 609,831 | 78,878 | 40,542 | |
10/15 |
205,415 | 290,459 | 219,268 | 151,870 | 66,426 | 28,831 | |
10/11 |
15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | |
13 |
135,000 | 204,268 | 204,268 | 136,870 | 51,426 | 13,831 | |
133 |
135,000 | 204,268 | 204,268 | 136,870 | 51,426 | 13,831 | |
14 |
55,415 | 71,192 | 0 | 0 | - | - | |
17/49 |
367,478 | 324,031 | 407,785 | 457,961 | 12,453 | 11,711 | |
17 |
158,722 | 220,007 | 280,068 | 338,913 | - | - | |
170/4 |
158,722 | 220,007 | 280,068 | 338,913 | - | - | |
42/48 |
208,418 | 103,608 | 127,716 | 118,949 | 12,353 | 8,552 | |
42 |
61,284 | 60,061 | 58,845 | 57,688 | - | - | |
44 |
8,064 | 14,928 | 11,048 | 403 | 4,766 | 982 | |
440/4 |
8,064 | 14,928 | 11,048 | 403 | 4,766 | 982 | |
46 |
0 | 9,800 | - | - | - | - | |
45 |
14,082 | 12,547 | 52,679 | 46,050 | 7,587 | 6,426 | |
450/3 |
14,082 | 12,547 | 52,679 | 46,050 | 7,587 | 6,426 | |
47/48 |
124,987 | 6,272 | 5,145 | 14,808 | 0 | 1,144 | |
492/3 |
338 | 416 | 0 | 100 | 100 | 3,159 | |
| Income statement | |||||||
9900 |
87,571 | 109,996 | 75,035 | 142,623 | 52,085 | 23,557 | |
62 |
390 | 390 | - | - | - | - | |
630 |
2,046 | 2,035 | 2,279 | 1,550 | 1,040 | 981 | |
640/8 |
1,388 | 1,677 | 1,377 | 2,478 | 1,698 | 3,402 | |
9901 |
83,747 | 105,894 | 71,379 | 138,595 | 49,346 | 19,174 | |
75/76B |
- | 0 | 33,640 | 0 | 0 | - | |
75 |
- | 0 | 33,640 | 0 | 0 | - | |
65/66B |
6,404 | 7,037 | 7,961 | 5,291 | 500 | 343 | |
65 |
6,404 | 7,037 | 7,961 | 5,291 | 500 | 343 | |
9903 |
77,344 | 98,857 | 97,059 | 133,304 | 48,846 | 18,831 | |
67/77 |
22,388 | 27,665 | 29,660 | 37,861 | 11,251 | 5,000 | |
9904 |
54,955 | 71,192 | 67,398 | 95,444 | 37,595 | 13,831 | |
9905 |
54,955 | 71,192 | 67,398 | 95,444 | 37,595 | 13,831 | |
| Appropriation of the result | |||||||
9906 |
55,415 | 71,192 | 67,398 | 95,444 | 37,595 | 13,831 | |
14P |
459 | - | - | - | - | - | |
791/2 |
140,000 | - | - | - | - | - | |
691/2 |
- | 0 | 67,398 | 85,444 | 37,595 | 13,831 | |
6921 |
- | 0 | 67,398 | 85,444 | 37,595 | 13,831 | |
694/7 |
140,000 | - | 0 | 10,000 | - | - | |
694 |
140,000 | - | 0 | 10,000 | - | - | |
| Document | |||||||
The notes to these accounts have 7 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 08-07-2026.
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 | 08-07-2026 | 2026-00282473 | |
| 31-12-2024 | micro format | 09-07-2025 | 2025-00269190 | |
| 31-12-2023 | micro format | 05-10-2024 | 2024-00494676 | |
| 31-12-2022 | micro format | 17-12-2023 | 2023-00529177 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20342669 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-53400349 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 0 | 1,590 | 1,866 | 515,000 | 9,649 | 1,276 | ||
| -7,098 | -54,835 | 21,977 | 13,406 | 34,493 | - | ||
| 35.9% | 47.3% | 35.0% | 24.9% | 84.2% | 71.1% | ||
| 26.8% | 24.5% | 30.7% | 62.8% | 56.6% | 48.0% | ||
| 9.6% | 11.6% | 10.7% | 15.7% | 47.7% | 34.1% |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,590 | €1,866 | - | €9,649 |
| Financial fixed assets | - | - | - | €515,000 | - |
| €2,046 | €2,035 | €2,279 | €1,550 | €1,040 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on DEVAX
The operating result for 2025 is 21% lower than in 2024.
Debt's share of the balance-sheet total rises from 52.7% to 64.1%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 07-11-2019
term without a fixed end
listed in the 2025 annual accounts, filed on 08-07-2026
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), from 07-11-2019 to date
Control
Founder
This company
DEVAX
Equity €205,415
Profit €54,955 in 2025
Capital
- Contribution
- €15,000
- Source
- deed of 14-11-2019
Articles of association
deed of 14-11-2019 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 09:00
Shareholders
At incorporation
deed of 14-11-2019 ↗
- €15,000
Network & group
Holdings
own 2025 accountsThis companyDEVAX1 holding, 1 country
2025 accounts
Belgium 1 Equity Result
- BE 11.08% €2.3m result -€59,933
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
At the same address
Jenny Montignylaan 9, 9831 Sint-Martens-Latem · 1 other company| Timmermans, Carole (sole trader)
establishment since 15-10-2025 |
founded in 2025 1029.120.609 |
Holdings and subsidiaries
1 holdingHoldings 1
Share, source and own figures per holding (1)
- Equity €2.3m Loss of €59,933 in 2025 (profit of €138,825 in 2024) Checked scoreSourceown accounts 202511.08%
Board mandates elsewhere
2 board mandatesBoard mandates of DEVAXDEVAX sits on their board2
Director
Founded in 1990 · 20 FTE (2025)
Director
Founded in 1988 · 6.5 FTE (2025)
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
13 events since 2019Filings
Financial
Establishments
Address
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 23 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0737582060
Annual accounts 2024 filed PDFmicro format · 22 days before the deadline
Registered office moved from Wortegem-Petegem to DeurleNew registered office: Jenny Montignylaan 9, 9831 Deurle · Previous registered office: Tjammelsstraat (W.) 42 bus B, 9790 Wortegem-Petegem · Board meeting of 01-04-20252 points ▸
- Board meeting, 01-04-2025
- Registered-office move, Jenny Montignylaan 9, 9831 Deurle
2024
Annual accounts 2023 filed PDFmicro format · 66 days late
2023
Equity above €200,000 equity €219,268 ▲44.4% With a profit in every financial year since 2020, equity grows to €219,268.
Annual accounts 2022 filed PDFmicro format · 139 days late
2022
Highest result from 2020 to 2025 net €95,444 ▲154% The operating result of €138,595 and the net result of €95,444 are both a record.
Equity above €150,000 equity €151,870 ▲129% With a profit in every financial year since 2020, equity grows to €151,870.
Annual accounts 2021 filed PDFmicro format · 30 days late
2021
Annual accounts 2020 filed PDFmicro format · 26 days late
2019
IncorporationFounding capital of €15,000 · Founder: · Appointment: (director) · published on 14-11-20194 points ▸
- Founder,
- Founding capital, €15,000
- Capital contribution, €15,000
- Director appointment, (director (not named in the articles))
- The deed holds 3 more points.
First establishment Jenny Montignylaan 9, Sint-Martens-Latem
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0737.582.060
- VAT number
- BE 0737.582.060
- Peppol ID
- 0208:0737582060
- Other Peppol ID
- 9925:BE0737582060
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-11-2019
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 09:00deed of 14-11-2019 (in Dutch)
- Peppol
- Reachable since 09-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- DEVAX in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 14-11-2019 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Tjammelsstraat 42 B, 9790 Wortegem-Petegem”deed of 14-11-2019 (in Dutch)
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
70220
Business consulting
82990
Other business support services
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Jenny Montignylaan 9 registered office 9831 Sint-Martens-Latem 7010001 Activities of head offices | 12-11-2019 | 2.295.904.777 |
1 former office
- Tjammelsstraat (W.) 42 bus B, 9790 Wortegem-Petegem until 01-04-2025 · deed of 16-05-2025
Buildings and parcels at the address
- Ground area
- 812 m²
- Buildings
- 173 m²
- Volume, LiDAR
- 762 m³
- Tallest building
- 9.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44015A0181/00S003 | 812 m² | 1 · 173 m² | 9.1 m · 1 |