Develops
Develops has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €24k. Equity is growing by ~37.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 4760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €79k |
| Net result | €24k |
| Better than sector | 49% |
| Active | 3 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 54.7% | 55.4% | |
| Net result | €24k | €38k | |
| Equity | €79k | €64k | |
| Gross operating margin | €51k | €61k | |
| Total assets | €145k | €146k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | +29.5% | - | - |
| Net profit | +32.4% | -48.6% | - |
| Cash flow | +35.4% | - | - |
| Staff costs | - | - | - |
| Income taxes | +19.0% | -37.8% | - |
| Dividends | - | - | - |
| Total assets | +4.0% | +113.1% | - |
| Equity | +42.5% | +47.3% | - |
| Debt | -21.6% | +203.1% | - |
| of which ≤ 1y | -12.7% | +37.1% | - |
| of which > 1y | -28.9% | - | - |
| Working capital | +73.4% | -24.8% | - |
| Employees (FTE) | - | - | - |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 2.49 | 1.75 | 2.37 |
| Quick ratio | 2.49 | 1.75 | 2.37 |
| Working capital ratio | 34.0% | 20.4% | 57.8% |
| Solvency | 54.7% | 39.9% | 57.8% |
| Debt / equity | 0.83 | 1.50 | 0.73 |
| Long-term debt ratio | 0.41 | 0.82 | - |
| Interest coverage | 17.63 | 13.45 | - |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 16.3% | 12.8% | 53.2% |
| ROE | 29.8% | 32.1% | 92.1% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €145k | €139k | €65k |
| Fixed assets | 21/28 | €63k | €73k | - |
| Tangible fixed assets | 22/27 | €63k | €73k | - |
| Current assets | 29/58 | €82k | €66k | €65k |
| Amounts receivable within one year | 40/41 | €13k | €14k | €12k |
| Investments | 50/53 | €55k | €30k | - |
| Cash & bank | 54/58 | €13k | €21k | €53k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €145k | €139k | €65k |
| Equity | 10/15 | €79k | €56k | €38k |
| Contributions / capital | 10/11 | €3k | €3k | €3k |
| Reserves | 13 | €76k | €53k | €35k |
| Amounts payable | 17/49 | €66k | €84k | €28k |
| Amounts payable after one year | 17 | €33k | €46k | - |
| Amounts payable within one year | 42/48 | €33k | €38k | €28k |
| Trade debts payable within one year | 44 | €109 | €1k | €670 |
| Income statement | ||||
| Gross operating margin | 9900 | €51k | €40k | €47k |
| Operating result | 9901 | €33k | €27k | €46k |
| Financial income | 75 | €291 | €0 | €10 |
| Financial charges | 65 | €3k | €3k | €2k |
| Result before taxes | 9903 | €31k | €24k | €44k |
| Income taxes | 67/77 | €7k | €6k | €9k |
| Net result for the period | 9904 | €24k | €18k | €35k |
| Result to be appropriated | 9905 | €24k | €18k | €35k |
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 28-12-2022 |
| Status | Active |
| Postal code | 9660 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45028B1004/00F000 | Flanders | 289 m² | 1 · 77 m² | - |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
23-08-2024 Board composition published
Technical details
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"Geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": null
}22-05-2024 Registered office moved from Lessines to Brakel
- Chemin de Chièvres 37 bus 12 7860 Lessines → 9660 Brakel, Toepzicht 11
Technical details
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}| Legal nameNL | Develops |