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Complete company report
Generated 15-08-2026
Active BE 0477.025.412Private limited company

DEVELTER FRANK

Westrozebekestraat 25B ·8980 Zonnebeke, Belgium· 24 yrs active
Sector: Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit (43222)
Conclusion Checked

The computed 12-month bankruptcy probability of DEVELTER FRANK is 0.6% (low). The 2025 annual accounts show equity of €777k and a net result of €829k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 337 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.
Key figures
Equity €777k
Net result €829k
Staff (FTE) 10.2
Better than sector 55%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health78Profitability100Solvency75Growth78Stability100
86 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 78
Profitability 100
Solvency 75
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.6% Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 2002, 24 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2025 · computed
78 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 16-07-2026 with the NBB · fiscal year 2025 · verkort
€0€500k€1.00MOperating result 2021: €132k€132kNet result 2021: €71k€71kOperating result 2022: €245k€245kNet result 2022: €238k€238kOperating result 2023: €265k€265kNet result 2023: €255k€255kOperating result 2024: €1.05M€1.05MNet result 2024: €1.07M€1.07MOperating result 2025: €805k€805kNet result 2025: €829k€829k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~7.6%/year over 8 fiscal years, indicative, assuming unchanged policy.
€400k€600k€800k€1.00M€1.20M2026: €933k (€871k - €995k)2027: €987k (€925k - €1.05M)2028: €1.04M (€978k - €1.10M)2018: €475k2019: €556k2020: €614k2021: €685k2022: €723k2023: €778k2024: €819k2025: €777k20182019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).

Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 42.6% 38.7%
better than 55% of 337 sector peers
Net result €829k €40k
better than 95% of 337 sector peers
Equity €777k €193k
better than 85% of 337 sector peers
Gross operating margin €1.59M €231k
better than 94% of 337 sector peers
Staff costs €706k €224k
higher than 83% of 218 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€872k
-21.4% 18-25
Net profit
€829k
-22.6% 18-25
Cash flow
€896k
-20.5% 18-25
Total assets
€1.82M
-18.0% 18-25
Equity
€777k
-5.2% 18-25
Working capital
€478k
-7.4% 18-25
Employees (FTE)
10
+2.0% 18-25
Staff costs
€706k
+13.8% 18-25
Income taxes
€13k
-50.8% 18-25
Dividends
€62k
- 18-25
Debt
€1.04M
-25.6% 18-25
Debt ≤ 1y
€1.03M
-25.7% 18-25
Debt > 1y
€0
-100.0% 18-25
Current ratio
1.46
+6.7% 18-25
Quick ratio
1.36
+4.4% 18-25
Solvency
42.6%
+15.6% 18-25
Debt / equity
1.34
-21.5% 18-25
ROE
106.8%
-18.3% 18-25
ROA
45.5%
-5.6% 18-25
Interest coverage
3065.49
+213.6% 18-25
Figures by fiscal year
Fiscal year2025
Depositverkort
Revenue-
EBITDA€872k
Net profit€829k
Cash flow€896k
Staff costs€706k
Income taxes€13k
Dividends€62k
Total assets€1.82M
Equity€777k
Debt€1.04M
of which ≤ 1y€1.03M
of which > 1y€0
Working capital€478k
Employees (FTE)10.2
Ratios (computed)
2025
Current ratio1.46
Quick ratio1.36
Working capital ratio26.2%
Solvency42.6%
Debt / equity1.34
Long-term debt ratio0.00
Interest coverage3065.49
Gross margin-
Net margin-
ROA45.5%
ROE106.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€1.82M
Fixed assets 21/28€312k
Tangible fixed assets 22/27€312k
Current assets 29/58€1.51M
Stocks & contracts in progress 3€102k
Amounts receivable within one year 40/41€596k
Investments 50/53€300k
Cash & bank 54/58€509k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.82M
Equity 10/15€777k
Contributions / capital 10/11€19k
Reserves 13€664k
Accumulated profits (losses) 14€94k
Provisions & deferred taxes 16€8k
Amounts payable 17/49€1.04M
Amounts payable after one year 17€0
Amounts payable within one year 42/48€1.03M
Trade debts payable within one year 44€107k
Income statement
Gross operating margin 9900€1.59M
Operating result 9901€805k
Financial income 75€36k
Financial charges 65€284
Result before taxes 9903€841k
Income taxes 67/77€13k
Net result for the period 9904€829k
Result to be appropriated 9905€832k
You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • CommV F.L.J. Invest
    Director
    State Gazette act 22150162 (20-12-2022)
    Current
    01-11-2022 → present
  • F.L.J. Invest
    Director
    State Gazette act 22150162 (20-12-2022)
    Current
    01-11-2022 → present
Former directors (1)
  • Frank Develter
    Non-statutory director
    State Gazette act 22150162 (20-12-2022)
    Former
    - → 01-11-2022
    2 events
    • 01-11-2022 Resigned· Non-statutory director
    • 01-11-2022 Resigned· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit(43222)
Legal form Private limited company(610)
Incorporation12-03-2002
StatusActive
Postal code8980
Establishment units 1 location
DEVELTER FRANK
Westrozebekestraat 25, 8980 Zonnebekede vervaardiging van borden, panelen, consoles, kasten en dergelijke voor elektrische bediening of voor het verdelen van elektrische stroom.
since 20022.100.556.576
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33019D1182/00X000 Flanders 2,078 m² 1 · 741 m² 9.4 m · 2 fl.
33019D1189/00C002 Flanders 1,629 m² 1 · 626 m² 9.0 m · 3 fl.
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.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
16-07-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
29-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
26-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
07-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
20-12-2022
State Gazette act Director changes
19-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
22-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
22-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
02-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
22-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
29-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
20-12-2022 2 directors appointed, 2 resigning Director changes
  • F.L.J. Invest, Bestuurder
  • CommV F.L.J. Invest, Bestuurder
  • Frank Develter, Niet-statutair bestuurder
  • Frank Develter, Gedelegeerd bestuurder
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Installatie van verwarming, klimaatregeling en ventilatie45331Dakwerkzaamheden43410Waterdichtingswerken van muren43421Dakwerkzaamheden43910Waterdichtingswerken van muren43991
Primary activity highlighted.
Names & trade names
Legal nameNL DEVELTER FRANK
Registered office
Westrozebekestraat 25B
8980 Zonnebeke, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative