DEVCO Management
Annual accounts 2026
micro format, filed on 21-09-2026, 40 days before the deadline€56,032
▲ 15.6%
€46,585
▲ 35.8%
€35,171
▲ 43.1%
€13,063
▲ 3.0%
22.7%
▼ 2.0 percentage points
1.21
▼ 0.03
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €86,000 and €140,000.
Balance sheet
balance sheet total €81,893 on 31-03-2026What the company ownsHow it is paid for
in euro
in euro
Position in the sector
22.7%
Higher than 26% of 41,211 companies in 2025.
1.21
Higher than 33% of 39,782 companies in 2025.
42.9%
Higher than 74% of 40,303 companies in 2025.
DEVCO Management
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
81,893 | 75,362 | 80,187 | 94,211 | 62,850 | 48,258 | 94,693 | 94,365 | 106,927 | 86,040 | 63,519 | |
21/28 |
5,537 | 8,883 | 5,709 | 18,834 | 2,787 | 1,537 | 2,939 | 2,546 | 2,001 | 3,692 | 1,394 | |
22/27 |
5,537 | 8,883 | 5,709 | 18,834 | 2,787 | 1,537 | 2,939 | 2,546 | 2,001 | 3,692 | 1,394 | |
24 |
5,537 | 8,883 | 5,709 | 18,834 | 2,511 | 985 | 2,111 | 1,442 | 2,001 | 3,692 | 1,394 | |
26 |
- | - | - | 0 | 276 | 552 | 828 | 1,104 | - | - | - | |
29/58 |
76,356 | 66,478 | 74,478 | 75,377 | 60,063 | 46,721 | 91,754 | 91,819 | 104,926 | 82,347 | 62,125 | |
40/41 |
32,485 | 36,235 | 26,516 | 54,692 | 31,199 | 39,616 | 68,810 | 88,522 | 87,600 | 78,016 | 39,545 | |
40 |
21,061 | 18,158 | 16,042 | 38,734 | 18,706 | 16,429 | 17,401 | 19,751 | 9,184 | 20,081 | 7,420 | |
41 |
11,423 | 18,077 | 10,475 | 15,958 | 12,494 | 23,188 | 51,409 | 68,771 | 78,416 | 57,935 | 32,125 | |
54/58 |
38,875 | 24,266 | 42,055 | 14,790 | 24,142 | 3,791 | 18,418 | 504 | 12,540 | 1,108 | 18,454 | |
490/1 |
4,996 | 5,977 | 5,906 | 5,895 | 4,722 | 3,314 | 4,527 | 2,793 | 4,786 | 3,224 | 4,126 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
81,893 | 75,362 | 80,187 | 94,211 | 62,850 | 48,258 | 94,693 | 94,365 | 106,927 | 86,040 | 63,519 | |
10/15 |
18,600 | 18,600 | 18,600 | 20,460 | 20,460 | 25,193 | 21,575 | 52,345 | 79,022 | 61,774 | 37,694 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 0 | 12,400 | 12,400 | 12,400 | |
13 |
- | - | 0 | 1,860 | 1,860 | 1,860 | 1,860 | 32,860 | 71,860 | 54,860 | 1,860 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
133 |
- | - | - | - | - | - | 0 | 31,000 | 70,000 | 53,000 | - | |
14 |
0 | 0 | 0 | 0 | 0 | 4,733 | 1,115 | 885 | 962 | 714 | 29,634 | |
17/49 |
63,293 | 56,762 | 61,587 | 73,751 | 42,390 | 23,065 | 73,119 | 42,020 | 27,905 | 24,265 | 25,825 | |
17 |
0 | 2,961 | 8,732 | 14,308 | - | - | - | - | - | - | - | |
170/4 |
0 | 2,961 | 8,732 | 14,308 | - | - | - | - | - | - | - | |
42/48 |
63,293 | 53,801 | 52,855 | 52,227 | 35,945 | 17,222 | 72,706 | 35,607 | 22,769 | 23,850 | 25,707 | |
42 |
2,961 | 5,771 | 5,576 | 5,387 | - | - | 0 | 0 | - | - | - | |
43 |
2,848 | 2,918 | 4,204 | 2,869 | 1,887 | 1,354 | 2,446 | 16,548 | 282 | 2,250 | - | |
430/8 |
2,848 | 2,918 | 4,204 | 2,869 | 1,887 | 1,354 | 2,446 | 16,548 | 282 | 2,250 | - | |
44 |
1,947 | 5,808 | 5,310 | 3,966 | 3,356 | 9,093 | 11,782 | 9,116 | 3,122 | 5,766 | 5,023 | |
440/4 |
1,947 | 5,808 | 5,310 | 3,966 | 3,356 | 9,093 | 11,782 | 9,116 | 3,122 | 5,766 | 5,023 | |
45 |
20,367 | 14,723 | 19,053 | 24,235 | 8,552 | 6,775 | 13,478 | 9,943 | 19,366 | 15,835 | 20,683 | |
450/3 |
12,892 | 11,379 | 10,411 | 16,469 | 8,552 | 6,775 | 10,196 | 7,399 | 19,366 | 15,835 | 20,683 | |
454/9 |
7,474 | 3,344 | 8,643 | 7,766 | - | 0 | 3,282 | 2,544 | 0 | 0 | 0 | |
47/48 |
35,171 | 24,580 | 18,712 | 15,770 | 22,150 | 0 | 45,000 | 0 | 0 | 0 | - | |
492/3 |
- | - | 0 | 7,216 | 6,444 | 5,842 | 413 | 6,413 | 5,136 | 415 | 119 | |
| Income statement | ||||||||||||
76A |
- | - | - | - | 0 | 78 | - | - | - | - | - | |
9900 |
56,032 | 48,454 | 40,487 | 37,676 | 27,193 | 7,700 | 24,175 | 15,982 | 28,006 | 40,318 | 52,227 | |
630 |
8,215 | 12,889 | 13,124 | 9,653 | 1,950 | 1,402 | 1,276 | 2,543 | 1,691 | 1,685 | 424 | |
640/8 |
1,232 | 1,259 | 1,545 | 1,631 | 1,017 | 983 | 6,020 | 1,862 | 859 | 2,379 | 2,814 | |
66A |
- | - | - | - | - | - | - | - | - | 151 | - | |
9901 |
46,585 | 34,305 | 25,818 | 26,392 | 24,226 | 5,315 | 16,879 | 11,577 | 25,455 | 36,103 | 48,989 | |
75/76B |
843 | 554 | 938 | 1,348 | 1,101 | 3,389 | 5,643 | 6,506 | 5,595 | 3,790 | 1,041 | |
75 |
843 | 554 | 938 | 1,348 | 1,101 | 3,389 | 5,643 | 6,506 | 5,595 | 3,790 | 1,041 | |
65/66B |
521 | 803 | 1,473 | 1,563 | 1,428 | 1,975 | 2,620 | 1,666 | 2,141 | 2,768 | 2,084 | |
65 |
521 | 803 | 1,473 | 1,563 | 1,428 | 1,975 | 2,620 | 1,666 | 2,141 | 2,768 | 2,084 | |
9903 |
46,907 | 34,056 | 25,283 | 26,177 | 23,899 | 6,729 | 19,902 | 16,417 | 28,909 | 37,125 | 47,946 | |
67/77 |
11,735 | 9,476 | 8,431 | 10,407 | 6,482 | 3,110 | 5,672 | 5,494 | 11,661 | 13,044 | 16,453 | |
9904 |
35,171 | 24,580 | 16,852 | 15,770 | 17,416 | 3,619 | 14,230 | 10,923 | 17,247 | 24,081 | 31,494 | |
9905 |
35,171 | 24,580 | 16,852 | 15,770 | 17,416 | 3,619 | 14,230 | 10,923 | 17,247 | 24,081 | 31,494 | |
| Appropriation of the result | ||||||||||||
9906 |
35,171 | 24,580 | 16,852 | 15,770 | 22,150 | 4,733 | 15,115 | 11,885 | 17,962 | 53,714 | 31,494 | |
14P |
- | - | - | 0 | 4,733 | - | - | - | - | - | - | |
791/2 |
- | 0 | 1,860 | - | - | 0 | 31,000 | 50,000 | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 11,000 | 17,000 | 53,000 | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | - | - | - | 11,000 | 17,000 | 53,000 | - | |
694/7 |
35,171 | 24,580 | 18,712 | 15,770 | 22,150 | 0 | 45,000 | 50,000 | - | - | - | |
694 |
35,171 | 24,580 | 18,712 | 15,770 | 22,150 | 0 | 45,000 | 50,000 | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 11 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 2026 at the NBB, filed on 21-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 21-09-2026 | 2026-00526774 | |
| 31-03-2025 | micro format | 01-09-2025 | 2025-00475441 | |
| 31-03-2024 | micro format | 24-10-2024 | 2024-00513303 | |
| 31-03-2023 | micro format | 23-10-2023 | 2023-00495688 | |
| 31-03-2022 | micro format | 04-08-2022 | 2022-20274061 | |
| 31-03-2021 | micro format | 05-10-2021 | 2021-71600371 | |
| 31-03-2020 | micro format | 05-10-2020 | 2020-59300497 | |
| 31-03-2019 | micro format | 06-01-2020 | 2020-00500568 | |
| 31-03-2018 | micro format | 04-10-2018 | 2018-68600283 | |
| 31-03-2017 | micro format | 24-10-2017 | 2017-67900051 | |
| 31-03-2016 | full format | 26-09-2016 | 2016-62100188 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 54,800 | 47,195 | 38,942 | 36,045 | 26,176 | 6,717 | 18,155 | 14,120 | 27,147 | 37,788 | 49,413 | ||
| 43,387 | 37,469 | 29,977 | 25,423 | 19,367 | 5,021 | 15,506 | 13,466 | 18,939 | 25,766 | 31,918 | ||
| 4,869 | 16,063 | 0 | 25,700 | 3,200 | 0 | 1,669 | 3,088 | 0 | 3,984 | 1,818 | ||
| 14,609 | -17,789 | 27,265 | -9,352 | 20,351 | -14,627 | 17,914 | -12,036 | 11,432 | -17,346 | - | ||
| 13,063 | 12,678 | 21,623 | 23,150 | 24,117 | 29,499 | 19,048 | 56,212 | 82,157 | 58,498 | 36,418 | ||
| 22.7% | 24.7% | 23.2% | 21.7% | 32.6% | 52.2% | 22.8% | 55.5% | 73.9% | 71.8% | 59.3% | ||
| 1.21 | 1.24 | 1.41 | 1.44 | 1.67 | 2.71 | 1.26 | 2.58 | 4.61 | 3.45 | 2.42 | ||
| 3.40 | 3.05 | 3.31 | 3.60 | 2.07 | 0.92 | 3.39 | 0.80 | 0.35 | 0.39 | 0.69 | ||
| 189.1% | 132.2% | 90.6% | 77.1% | 85.1% | 14.4% | 66.0% | 20.9% | 21.8% | 39.0% | 83.6% | ||
| 42.9% | 32.6% | 21.0% | 16.7% | 27.7% | 7.5% | 15.0% | 11.6% | 16.1% | 28.0% | 49.6% | ||
| over 100 | 58.76 | 26.44 | 23.06 | 18.34 | - | - | - | - | - | - |
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 | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,869 | €16,063 | - | €25,700 | €3,200 |
| Financial fixed assets | €0 | - | - | - | - |
| €8,215 | €12,889 | €13,124 | €9,653 | €1,950 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Insights on DEVCO Management
The operating result for 2026 is 36% higher than in 2025 and the highest since 2016. It is the second rise in a row, after the fall in 2024.
Debt's share of the balance-sheet total rises from 75.3% to 77.3%. Debt is higher.