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DEVCO Management

Active Private limited companyfounded 2015active for 11 yearsRue Général de Gaulle 39, 1310 La HulpeKBO/BCE: BE 0597.986.390
DEVCO Management
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Overview

Lifetime

11 annual accounts with figures on one time axis
peak €56,032 (2026)
€56,032▲ 15.6%
peak €35,171 (2026)
€35,171▲ 43.1%
peak €79,022 (2018)
€18,600unchanged
€63,293▲ 11.5%
Board2 names since 2015
2 directors and 1 other
Documentsfilings and deeds
21-09-202640 days before the deadline
2026micro format
Gross margin from €48,454 to €56,032Result from €24,580 to €35,171Dividend €35,171Cash from €24,266 to €38,875

Key points

from the 2026 annual accounts

Equity

€18,600 from €79,022 in 2018

Equity fell by 76% in 8 years.

Debts

€63,293 77% of the balance sheet
Financial debts 4%Suppliers 3%Taxes and wages 32%Other 60%

Filings

11 annual accounts since 2016
deadline20202025

The 2019 accounts came 67 days late. The other nine of the last ten were filed on time.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 5,053 companies had the same profile as DEVCO Management has now. Each dot stands for 13 companies, two years later.

95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 5,053 companies, not a prediction for DEVCO Management. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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

Board and ownership

Director, since 24-01-2024
Director, since 24-01-2024
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0597986390
Reappointments: (director) and (director) General meeting of 24-01-2024 · Gazette deed
Incorporation published on 17-02-2015 · Gazette deed
First establishment Rue Général de Gaulle 39, La Hulpe
All 18 events

Comparable companies

same main activity, similar in size and age
Company
DEVCO Management La Hulpe €81,893 €56,032 22.7% -
Cairo Holding La Hulpe €69,730 €57,987 -542.7% -
FAVER AGENCY Lasne €79,722 €56,653 81.2% -
GT Light Concept Jodoigne €76,159 €58,133 31.3% -
GnothiSeauton Grez-Doiceau €86,783 €53,100 23.0% -
Datacrossroad Villers-la-Ville €90,453 €50,016 90.2% -
BRUSSCO Rixensart €70,685 €52,535 81.1% -

These companies have the same main activity as DEVCO Management: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €69,700 and €90,500, founded in 2015.

Official details

Source: KBO
Status
Active since 13-02-2015Normal situation
Activity
Business and other management consultancyNACE 70200
Establishment unit
2.239.735.7401310 La Hulpe, since 13-02-2015
Financial year end
31 March
Peppol
Reachable since 26-11-2025
Company details

Annual accounts to 31-03-2026

€56,032▲ 15.6%
≈ €110,000estimated
€35,171▲ 43.1%
€18,600=
€81,893▲ 8.7%
Filing
Filed on 21-09-2026, 40 days before the end of the filing period
Financials

Insights on DEVCO Management

DEVCO Management files the micro format. That format states no turnover. The gross margin rose from €52,227 in 2016 to €56,032 in 2026.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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 31-03-2026
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with 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 Trend20262025202420232022202120202019201820172016
Balance sheet: assets
20/58 81,89375,36280,18794,21162,85048,25894,69394,365106,92786,04063,519
21/28 5,5378,8835,70918,8342,7871,5372,9392,5462,0013,6921,394
22/27 5,5378,8835,70918,8342,7871,5372,9392,5462,0013,6921,394
24 5,5378,8835,70918,8342,5119852,1111,4422,0013,6921,394
26 ---02765528281,104---
29/58 76,35666,47874,47875,37760,06346,72191,75491,819104,92682,34762,125
40/41 32,48536,23526,51654,69231,19939,61668,81088,52287,60078,01639,545
40 21,06118,15816,04238,73418,70616,42917,40119,7519,18420,0817,420
41 11,42318,07710,47515,95812,49423,18851,40968,77178,41657,93532,125
54/58 38,87524,26642,05514,79024,1423,79118,41850412,5401,10818,454
490/1 4,9965,9775,9065,8954,7223,3144,5272,7934,7863,2244,126
Balance sheet: equity and liabilities
10/49 81,89375,36280,18794,21162,85048,25894,69394,365106,92786,04063,519
10/15 18,60018,60018,60020,46020,46025,19321,57552,34579,02261,77437,694
10/11 18,60018,60018,60018,60018,60018,60018,60018,6006,2006,2006,200
100 ------18,60018,60018,60018,60018,600
101 -------012,40012,40012,400
13 --01,8601,8601,8601,86032,86071,86054,8601,860
130/1 --01,8601,8601,860-----
130 ------1,8601,8601,8601,8601,860
1311 --01,8601,8601,860-----
133 ------031,00070,00053,000-
14 000004,7331,11588596271429,634
17/49 63,29356,76261,58773,75142,39023,06573,11942,02027,90524,26525,825
17 02,9618,73214,308-------
170/4 02,9618,73214,308-------
42/48 63,29353,80152,85552,22735,94517,22272,70635,60722,76923,85025,707
42 2,9615,7715,5765,387--00---
43 2,8482,9184,2042,8691,8871,3542,44616,5482822,250-
430/8 2,8482,9184,2042,8691,8871,3542,44616,5482822,250-
44 1,9475,8085,3103,9663,3569,09311,7829,1163,1225,7665,023
440/4 1,9475,8085,3103,9663,3569,09311,7829,1163,1225,7665,023
45 20,36714,72319,05324,2358,5526,77513,4789,94319,36615,83520,683
450/3 12,89211,37910,41116,4698,5526,77510,1967,39919,36615,83520,683
454/9 7,4743,3448,6437,766-03,2822,544000
47/48 35,17124,58018,71215,77022,150045,000000-
492/3 --07,2166,4445,8424136,4135,136415119
Income statement
76A ----078-----
9900 56,03248,45440,48737,67627,1937,70024,17515,98228,00640,31852,227
630 8,21512,88913,1249,6531,9501,4021,2762,5431,6911,685424
640/8 1,2321,2591,5451,6311,0179836,0201,8628592,3792,814
66A ---------151-
9901 46,58534,30525,81826,39224,2265,31516,87911,57725,45536,10348,989
75/76B 8435549381,3481,1013,3895,6436,5065,5953,7901,041
75 8435549381,3481,1013,3895,6436,5065,5953,7901,041
65/66B 5218031,4731,5631,4281,9752,6201,6662,1412,7682,084
65 5218031,4731,5631,4281,9752,6201,6662,1412,7682,084
9903 46,90734,05625,28326,17723,8996,72919,90216,41728,90937,12547,946
67/77 11,7359,4768,43110,4076,4823,1105,6725,49411,66113,04416,453
9904 35,17124,58016,85215,77017,4163,61914,23010,92317,24724,08131,494
9905 35,17124,58016,85215,77017,4163,61914,23010,92317,24724,08131,494
Appropriation of the result
9906 35,17124,58016,85215,77022,1504,73315,11511,88517,96253,71431,494
14P ---04,733------
791/2 -01,860--031,00050,000---
691/2 -------11,00017,00053,0001,860
6920 ----------1,860
6921 -------11,00017,00053,000-
694/7 35,17124,58018,71215,77022,150045,00050,000---
694 35,17124,58018,71215,77022,150045,00050,000---
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

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 PDF
31-03-2025 micro format 01-09-2025 2025-00475441 PDF
31-03-2024 micro format 24-10-2024 2024-00513303 PDF
31-03-2023 micro format 23-10-2023 2023-00495688 PDF
31-03-2022 micro format 04-08-2022 2022-20274061 PDF
31-03-2021 micro format 05-10-2021 2021-71600371 PDF
31-03-2020 micro format 05-10-2020 2020-59300497 PDF
31-03-2019 micro format 06-01-2020 2020-00500568 PDF
31-03-2018 micro format 04-10-2018 2018-68600283 PDF
31-03-2017 micro format 24-10-2017 2017-67900051 PDF
31-03-2016 full format 26-09-2016 2016-62100188 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20262025202420232022202120202019201820172016
54,80047,19538,94236,04526,1766,71718,15514,12027,14737,78849,413
43,38737,46929,97725,42319,3675,02115,50613,46618,93925,76631,918
4,86916,063025,7003,20001,6693,08803,9841,818
14,609-17,78927,265-9,35220,351-14,62717,914-12,03611,432-17,346-
13,06312,67821,62323,15024,11729,49919,04856,21282,15758,49836,418
22.7%24.7%23.2%21.7%32.6%52.2%22.8%55.5%73.9%71.8%59.3%
1.211.241.411.441.672.711.262.584.613.452.42
3.403.053.313.602.070.923.390.800.350.390.69
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 10058.7626.4423.0618.34------

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
Item31-03-202631-03-202531-03-202431-03-202331-03-2022
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.

Board & ownership

Board

2 directors
Director
since 24-01-2024 term without a fixed end
listed in the 2026 annual accounts, filed on 21-09-2026
Director
since 24-01-2024 term without a fixed end
listed in the 2026 annual accounts, filed on 21-09-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 02-02-2024

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Director

Director
Board
Mandates as a list
    • Director, from 09-02-2015 to date
    • Director, from 01-06-2015 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
deed of 02-02-2024

Articles of association

deed of 02-02-2024 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Share issue ruleThe articles set how and by whom new shares are issued.
“En cas d’actionnaire unique-administrateur, ce dernier détermine librement, au fur et à mesure des besoins de la société et aux époques…”

Capital transactions

Capital over time
  1. 02-02-2024 Converted to unavailable equity · €18,600
  2. 02-02-2024 Converted to unavailable equity · €1,860

Network & group

No group

DEVCO Management has no parent and no holdings in its annual accounts.

At the same address

Rue Général de Gaulle 39, 1310 La Hulpe · 1 other company
de Ville de Goyet, Augustin (sole trader)
establishment since 01-04-2024
 founded in 2024
1008.111.102

Board mandates elsewhere

2 board mandates
Board mandates of DEVCO ManagementDEVCO Management sits on their board2
Director · 12 locations
Founded in 1997 · 228 FTE (2025)
Director
No longer active · 4.9 FTE (2017)

Connections & network

2 current directors
Depth

The 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

18 events since 2015

Deadline for the 2027 accounts: 31-10-2027

2026
Annual accounts 2026 filed NBBmicro format · 40 days before the deadline
Highest result from 2016 to 2026 net €35,171 ▲43.1% The net result of €35,171 is the highest of those years.
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0597986390
Annual accounts 2025 filed PDFmicro format · 60 days before the deadline
2024
Annual accounts 2024 filed PDFmicro format · 7 days before the deadline
Reappointments: (director) and (director)General meeting of 24-01-20246 points ▸
  • General meeting, 24-01-2024
  • 120 shares
  • Director reappointment,
  • Director reappointment,
  • Registered office clause, rue Général de Gaulle 39, 1310 La Hulpe
  • Power of attorney,
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2023 filed PDFmicro format · 8 days before the deadline
2022
Annual accounts 2022 filed PDFmicro format · 88 days before the deadline
2021
Annual accounts 2021 filed PDFmicro format · 26 days before the deadline
Weakest financial year net €3,619 ▼74.6% The net result drops to €3,619, the lowest from 2016 to 2026. It recovers the following year.
Liquidity more than doubled current ratio 2.71 The current ratio rises from 1.26 to 2.71. Short-term debt falls from €72,706 to €17,222.
2020
Annual accounts 2020 filed PDFmicro format · 26 days before the deadline
Annual accounts 2019 filed PDFmicro format · 67 days late
2018
Annual accounts 2018 filed PDFmicro format · 27 days before the deadline
2017
Annual accounts 2017 filed PDFmicro format · 7 days before the deadline
2016
Annual accounts 2016 filed PDFfull format · 35 days before the deadline
2015
Incorporation PDFpublished on 17-02-2015
First establishment Rue Général de Gaulle 39, La Hulpe

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

On 13 February 2015, DEVCO Management was incorporated.1 Total assets went from €94,365 in 2019 to €81,893 in 2026.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2026

Company details

Identity

Enterprise number
0597.986.390
VAT number
BE 0597.986.390
Peppol ID
0208:0597986390
Legal form
Private limited company
Status
Active, normal situation
Founded
13-02-2015
Financial year
ends on 31 March
Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
“Procuration écrite par tout moyen de transmission à toute personne actionnaire ou non, majorité des voix quel que soit le nombre de titres…”
deed of 02-02-2024 (in French)
Peppol
Reachable since 26-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
DEVCO Management in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-02-2024 (in French)

Activities

NACEBEL 2025
70200 Business and other management consultancy main activity
Codes under NACEBEL 2008
70220 Business consulting main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toutes activités de consultance dans la gestion des entreprises; Toutes activités d’étude, de recherche, de prospection, de coordination, de…”
10 activities
  1. Toutes activités de consultance dans la gestion des entreprises
  2. Toutes activités d’étude, de recherche, de prospection, de coordination, de mise en œuvre et de suivi de tous services et prestations
  3. Toutes activités de gestion, de création et de coordination dans l’organisation d’évènements ; en ce compris les prestations de services annexes s’y référant
  4. L’activité de marchand de biens immeubles
  5. Toutes opérations immobilières relatives à la promotion, l’achat, la vente, l’échange de biens immeubles, la constitution de droits réels, l’exploitation et la gestion de biens immobiliers
  6. La commercialisation sous toutes ses formes et notamment l’achat, la vente, le courtage et la commission de produits ou fabriqués par des sociétés spécialisées dans la construction, la conception, la fabrication et la commercialisation d’appartements, maisons, loft et autres biens immeubles, ainsi que tous commerces de manière générale
  7. Elle pourra ériger toutes constructions pour son compte ou pour compte de tiers, en tant que maître de l’ouvrage ou entrepreneur général, et effectuer, éventuellement aux biens immobiliers, des transformations et mises en valeur ainsi que l’étude et l’aménagement de lotissements, y compris tous les travaux d’infrastructure et d’équipements de terrains
  8. La constitution, la gestion, l’exploitation, la mise en valeur d’un patrimoine mobilier et immobilier
  9. L’aliénation, l’acquisition, la location de tout bien ou droit réel immobilier et en général, de toutes les opérations relatives à la gestion des valeurs immobilières et mobilières constituées ou les biens immobiliers et mobiliers qui peuvent être obtenus en pleine propriété, en emphytéose, en usufruit temporaire, en nue-propriété et toutes les possibilités de droit attachées, où l’activité concernée ne prend pas la forme d’activités commerciales
  10. Emprunter toutes sommes sous forme de prêt ou d’ouverture de crédit, constituer hypothèque, donner toutes autres garanties mobilières et immobilières, stipuler la solidarité et l’indivisibilité
deed of 02-02-2024 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue Général de Gaulle 39 registered office 1310 La Hulpe 13-02-2015 2.239.735.740

Buildings and parcels at the address

Ground area
1,123 m²
Buildings
55 m²
Volume, LiDAR
519 m³
Tallest building
11.4 m
Buildings to scale, each on its own parcel
55 m², 11.3 m 55 m², 11.3 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
25050B0497/00C0031,123 m² 1 · 55 m² 11.3 m · 3

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