DEVENSYS
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 05-06-2026 PDF all 4 filings
Turnover
€144,788▲ 5.9%
2023 · €136,686
EBIT margin
36.3%▼ 4.5pp
2023 · 40.8%
Net result
€56,442▲ 41.6%
2024 · €39,864
Working capital
€311,729▲ 21.9%
2024 · €255,764
Multi-year overview
2022 to 2025, 4 financial yearsTurnover
no figure
2025
20222025
Operating result
€70,906
▲ 34.9%
2025
20222025
Net result
€56,442
▲ 41.6%
2025
middle half of the sector
20222025
EBIT margin
no figure
2025
20222025
Equity
€315,558
▲ 21.8%
2025
middle half of the sector
20222025
Total assets
€346,380
▲ 19.8%
2025
lowest quarter of the sector
20222025
Debt
€30,822
▲ 2.6%
2025
20222025
Working capital
€311,729
▲ 21.9%
2025
middle half of the sector
20222025
Solvency
91.1%
▲ 1.5pp
2025
highest quarter of the sector
20222025
Current ratio
11.11
▲ 1.60
2025
highest quarter of the sector
20222025
Return on assets (ROA)
16.3%
▲ 2.5pp
2025
highest quarter of the sector
20222025
Staff (FTE)
0
2025
lowest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Turnover€281,203-€136,686▼ 51.4%€144,788▲ 5.9%
Operating result€105,000-€55,818▼ 46.8%€52,543▼ 5.9%€70,906▲ 34.9%
Net result€80,908within the sector's middle half-€44,720within the sector's middle half▼ 44.7%€39,864within the sector's middle half▼ 10.9%€56,442within the sector's middle half▲ 41.6%
EBIT margin37.3%-40.8%▲ 3.5pp36.3%▼ 4.5pp
Equity€174,533within the sector's middle half-€219,252within the sector's middle half▲ 25.6%€259,116within the sector's middle half▲ 18.2%€315,558within the sector's middle half▲ 21.8%
Total assets€215,323within the sector's middle half-€247,946within the sector's middle half▲ 15.2%€289,146within the sector's middle half▲ 16.6%€346,380below the sector's middle half▲ 19.8%
Debt€40,791-€28,694▼ 29.7%€30,030▲ 4.7%€30,822▲ 2.6%
Working capital€174,533within the sector's middle half-€219,252within the sector's middle half▲ 25.6%€255,764within the sector's middle half▲ 16.7%€311,729within the sector's middle half▲ 21.9%
Solvency81.1%above the sector's middle half-88.4%above the sector's middle half▲ 7.4pp89.6%above the sector's middle half▲ 1.2pp91.1%above the sector's middle half▲ 1.5pp
Current ratio5.28above the sector's middle half-8.64above the sector's middle half▲ 3.369.52above the sector's middle half▲ 0.8811.11above the sector's middle half▲ 1.60
Return on assets (ROA)37.6%above the sector's middle half-18.0%above the sector's middle half▼ 19.5pp13.8%within the sector's middle half▼ 4.2pp16.3%above the sector's middle half▲ 2.5pp
Staff (FTE)0below the sector's middle half-1below the sector's middle half0below the sector's middle half▼ 100%0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 35% higher than in 2024. It is a recovery after the fall in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346,380
Fixed assets
€3,829 ▲ 14.2%
Current assets
€342,551 ▲ 19.9%
Equity and liabilities €346,380
Equity
€315,558 ▲ 21.8%
Debt
€30,822 ▲ 2.6%
Debt's share of the balance-sheet total falls from 10.4% to 8.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,155
Cash flow
€58,692
Debt to equity
0.10▼
2024 · 0.12
ROE
17.9%▲
2024 · 15.4%
Interest coverage
over 100
Debt ≤ 1 year
€30,822▲
2024 · €30,030
Income taxes
€16,718▼
2024 · €17,026
Staff costs
€58,531▼
2024 · €61,989
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €3,353 | €2,726 |
| Depreciation and write-downs of the year | - | - | - | €2,250 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €281,203 | €136,686 | €144,788 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €65,414 | €23,240 | €28,729 | - | - |
| Remuneration, social security and pensions62 | €108,011 | €57,889 | €61,989 | €58,531 | ▼ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €2,250 | - |
| Other operating charges640/8 | €3,193 | - | €1,787 | €1,854 | ▲ 3.7% |
| Gross operating margin9900 | €216,203 | €113,707 | €116,320 | €133,540 | ▲ 14.8% |
| Operating profit (loss)9901 | €105,000 | €55,818 | €52,543 | €70,906 | ▲ 34.9% |
| Financial income75/76B | - | €17 | €4,620 | €2,310 | ▼ 50.0% |
| Recurring financial income75 | - | €17 | €4,620 | €2,310 | ▼ 50.0% |
| Financial charges65/66B | €1,663 | €552 | €273 | €56 | ▼ 79.6% |
| Recurring financial charges65 | €1,663 | €552 | €273 | €56 | ▼ 79.6% |
| Profit (loss) for the period before taxes9903 | €103,336 | €55,283 | €56,890 | €73,160 | ▲ 28.6% |
| Income taxes67/77 | €22,428 | €10,563 | €17,026 | €16,718 | ▼ 1.8% |
| Profit (loss) for the period9904 | €80,908 | €44,720 | €39,864 | €56,442 | ▲ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €80,908 | €44,720 | €39,864 | €56,442 | ▲ 41.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €215,323 | €247,946 | €289,146 | €346,380 | ▲ 19.8% |
| Fixed assets21/28 | - | - | €3,353 | €3,829 | ▲ 14.2% |
| Tangible fixed assets22/27 | - | - | €3,353 | €3,829 | ▲ 14.2% |
| Furniture and vehicles24 | - | - | €3,353 | €3,829 | ▲ 14.2% |
| Current assets29/58 | €215,323 | €247,946 | €285,794 | €342,551 | ▲ 19.9% |
| Amounts receivable within one year40/41 | €12,707 | €237,639 | €125,480 | €26,038 | ▼ 79.2% |
| Trade receivables40 | €10,624 | €26,556 | €11,981 | €14,038 | ▲ 17.2% |
| Other amounts receivable41 | €2,083 | €211,083 | €113,498 | €12,000 | ▼ 89.4% |
| Cash at bank and in hand54/58 | €202,616 | €10,307 | €160,314 | €316,513 | ▲ 97.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €215,323 | €247,946 | €289,146 | €346,380 | ▲ 19.8% |
| Equity10/15 | €174,533 | €219,252 | €259,116 | €315,558 | ▲ 21.8% |
| Contributions10/11 | €93,624 | €93,624 | €93,624 | €93,624 | = |
| Profit (loss) carried forward14 | €80,908 | €125,628 | €165,492 | €221,934 | ▲ 34.1% |
| Amounts payable17/49 | €40,791 | €28,694 | €30,030 | €30,822 | ▲ 2.6% |
| Amounts payable within one year42/48 | €40,791 | €28,694 | €30,030 | €30,822 | ▲ 2.6% |
| Trade debts44 | €3,269 | €1,203 | €2,254 | €197 | ▼ 91.2% |
| Suppliers440/4 | €3,269 | €1,203 | €2,254 | €197 | ▼ 91.2% |
| Taxes, remuneration and social security45 | €37,521 | €27,491 | €27,775 | €26,422 | ▼ 4.9% |
| Taxes450/3 | €36,842 | €26,812 | €27,096 | €25,744 | ▼ 5.0% |
| Remuneration and social security454/9 | €679 | €679 | €679 | €679 | = |
| Other amounts payable47/48 | - | - | - | €4,202 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,908 | €44,720 | €39,864 | €56,442 | ▲ 41.6% |
| + Depreciation and write-downs630 | - | - | - | €2,250 | - |
| Operating cash flow (approximation) | €80,908 | €44,720 | €39,864 | €58,692 | ▲ 47.2% |
| Investment in fixed assets (approximation) | - | - | - | -€2,726 | - |
| Change in cash | - | -€192,309 | €150,007 | €156,199 | ▲ 4.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as DEVENSYS has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DEVENSYS itself is lower: < 0.1% within 12 months. It rests on far more data about DEVENSYS than the profile alone.
Test of the method
The method was tested on the 497,446 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.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,972 companies, not a prediction for DEVENSYS. 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.