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DEVGEN

Active Public limited companyfounded 1997active for 29 yearsTechnologiepark-Zwijnaarde 30, 9052 GhentKBO/BCE: BE 0461.432.562 subsidiary of Syngenta AG#6 company by equity in East Flanders, Research and development sector

Annual accounts 2025

full format, filed on 20-07-2026, 11 days before the deadline
€1.1m
▲ 19.6%
€70,108
▲ 31.6%
€80,299
▲ 26.5%
€3.0m
▼ 35.6%
98.0%
▲ 1.7 percentage points
50.88
▲ 23.27

Money flows

turnover is 25.3% of income in 2025

Balance sheet

balance sheet total €130.9m on 31-12-2025
What the company ownsHow it is paid for

in €m

Position in the sector

98.0%

Higher than 95% of 240 companies in 2025.

50.88

Higher than 95% of 232 companies in 2025.

2.2%

Higher than 60% of 236 companies in 2025.

DEVGEN Middle half of the sector 80% of the sector Full accounts in research and development (NACE 72)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: bottom quarter

Staff

Men and women66% women

1 man and 1.9 women in full-time equivalents in 2025.

€379,919

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Training hours in 2025: 766. Agency workers: 1 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201620152014201220102009200820072006
Balance sheet: assets
20/58 130.9m130.1m126.4m113.7m114.5m113.7m113.2m116.2m118.9m93.8m61.8m70.3m47.6m71.4m32.8m
21/28 22,92933,12043,3144.7m4.8m4.8m1.5m1.1m1.2m--21.7m23.9m20.7m3.4m
21 --------08.1m10.4m12.4m14.5m16.7m83,097
22/27 22,92933,12043,3114.7m4.8m4.8m1.5m1.1m823,481777,605933,5821.0m1.3m2.0m1.7m
22 ---3.9m3.9m4.1m----5,57812,71919,861--
23 ---649,182626,817264,526380,294321,711127,63319,34898,229195,923384,548662,108787,571
24 22,92933,12043,31177,19891,139105,07925,03442,84647,02183,93563,68676,63899,27482,315100,615
25 ----------1,902----
26 ------986,661416,166502,106619,322733,997566,657563,335604,963554,274
27 ---21,549195,882316,557113,185292,093146,72155,00030,190170,144-135,000-
28 --333333419,22825.3m16.3m8.3m8.1m2.0m1.6m
280/1 --222222419,22724.8m15.8m8.3m8.1m2.0m1.6m
280 --222222419,22724.8m15.8m8.3m8.1m2.0m1.6m
284/8 --1111111502,061502,0461,9211,8721,8723,039
284 --1111111500,000500,000----
285/8 --------02,0612,0461,9211,8721,8723,039
29/58 130.9m130.1m126.4m109.0m109.7m108.9m111.7m115.1m117.7m59.7m34.2m48.6m23.8m50.6m29.4m
29 ---------288,233292,879210,242197,354196,219-
291 ---------288,233292,879210,242197,354196,219-
3 ---0-----610,857-187,157---
30/36 ---0-----610,857-187,157---
30/31 ---0-----352,204-----
33 ---------258,653-----
34 -----------187,157---
40/41 130.9m130.1m126.4m109.0m109.7m4.5m110.9m114.4m116.7m13.4m5.6m4.2m4.0m4.9m4.6m
40 1.2m548,0766.8m1.9m2.7m4.4m2.1m2.6m2.5m918,4143.4m3.0m2.2m2.3m2.0m
41 129.7m129.5m119.6m107.2m107.0m158,197108.8m111.8m114.2m12.5m2.2m1.2m1.8m2.6m2.6m
50/53 ------700,000700,000700,00040.1m5.8m5.6m4.8m21.3m9.8m
51/53 ------700,000700,000700,00040.1m5.8m5.6m4.8m21.3m9.8m
54/58 -----104.4m16,10425,826101,4734.3m21.4m37.1m13.1m22.0m13.6m
490/1 ------13,544-197,148970,1251.1m1.3m1.6m2.3m1.5m
Balance sheet: equity and liabilities
10/49 130.9m130.1m126.4m113.7m114.5m113.7m113.2m116.2m118.9m93.8m61.8m70.3m47.6m71.4m32.8m
10/15 128.3m125.4m120.8m111.7m111.4m108.6m105.2m103.8m103.1m68.6m52.7m51.7m43.4m66.5m28.8m
10/11 135.6m135.6m135.6m135.6m135.6m135.6m-1.8m1.8m--1.5m1.3m1.3m1.1m
10 1.8m1.8m1.8m1.8m1.8m1.8m1.8m--1.8m1.5m----
100 1.8m1.8m1.8m1.8m1.8m1.8m1.8m1.8m1.8m1.8m1.5m1.5m1.3m1.3m1.1m
11 133.8m133.8m133.8m133.8m133.8m133.8m133.8m133.8m133.8m133.8m107.1m107.0m92.4m92.4m42.4m
1100/10 133.8m133.8m133.8m133.8m133.8m133.8m-133.8m133.8m--107.0m92.4m92.4m42.4m
14 -7.3m-10.2m-14.8m-23.9m-24.2m-27.0m-30.4m-31.8m-32.5m-67.0m-55.9m-56.8m-50.4m-27.2m-14.8m
16 -----------20,00020,00020,00010,000
160/5 -----------20,00020,00020,00010,000
164/5 -----------20,00020,00020,00010,000
17/49 2.6m4.7m5.6m2.0m3.0m5.1m7.9m12.5m15.8m25.2m9.1m18.6m4.3m4.8m4.0m
17 ----------104,000892159,011379,451370,793
170/4 ----------104,000892159,011379,451370,793
172 ------------159,011379,451170,793
173 ----------104,000892--200,000
42/48 2.6m4.7m5.6m2.0m3.0m2.6m2.7m3.5m3.4m--3.4m4.1m4.4m3.5m
42 ----------104,000131,642185,931388,254416,433
44 2.2m3.1m1.6m908,2632.3m2.0m1.9m2.9m2.4m3.4m1.6m2.8m3.4m2.3m2.3m
440/4 2.2m3.1m1.6m908,2632.3m2.0m1.9m2.9m2.4m3.4m1.6m2.8m3.4m2.3m2.3m
45 407,3321.6m4.0m1.1m698,681625,220733,443653,043991,5191.9m370,783502,648457,748627,907745,384
450/3 -1.6m1.6m113,03554,09842,957-76,025113,623503,591-3,505---
454/9 407,33273,8212.4m955,251644,583582,264733,443577,018877,8961.4m370,783499,143457,748627,907745,384
47/48 -------------1.0m-
492/3 --55,66755,66754,0422.5m5.3m8.9m12.5m19.9m6.9m15.2m51,98160,825140,376
Income statement
70/76A 1.4m1.3m19.1m7.7m10.5m7.5m10.1m10.1m10.5m--10.1m3.5m8.4m9.4m
70 1.1m944,19310.6m6.3m6.8m6.4m8.8m8.8m9.4m6.4m12.6m9.3m3.2m5.7m6.8m
71 ---------258,653-----
74 279,030320,3521.8m1.4m3.7m1.1m1.2m--636,8191.6m----
76A --6.8m2,2061,208--115,91674.2m--200,351---
60/66A 1.3m1.2m11.8m7.3m7.5m7.2m8.5m9.4m11.7m--16.7m28.1m22.6m18.7m
60 ---------354,6031.0m74,844---
600/8 -----------262,001---
609 ----------352,204187,157-187,157---
61 177,459492,6852.6m2.5m2.5m2.4m3.2m3.2m4.5m10.6m6.5m10.2m17.5m13.9m11.1m
62 1.1m708,3888.6m3.8m3.3m3.3m3.7m4.6m4.8m5.8m3.7m4.0m7.7m7.5m6.8m
630 10,19110,191490,012492,719423,027413,215120,913181,6491.7m1.8m2.2m2.4m2.9m1.1m804,847
631/4 ------10,966--------
635/8 -------------10,000-
640/8 49,169-82,681578,4051.3m1.1m1.3m1.4m706,07586,88546,89411,7573,7675,8203,700
66A ------65,801-28.8m--75,86640,277-2,532
9901 70,10853,2827.3m406,9622.9m334,1341.6m656,361-1.2m-11.4m569,619-6.6m-24.6m-14.2m-9.3m
75/76B 3.1m4.8m3.4m2,4601329,829-18,564183,503--212,5601.6m1.8m844,849
75 3.1m4.8m3.4m2,4601329,82942118,564183,503776,537245,660212,5601.6m1.8m844,849
751 3.1m4.8m3.4m---42118,564183,503585,113130,993178,8241.5m1.8m832,363
752/9 -1,360-2,4601329,829--0191,424114,66733,736165,13941,91512,486
76B 2--------------
65/66B 5,7719661,55249,60245,8917,21383,302101,688-1.3m--114,406219,627196,30796,778
65 5,7719661,55249,60245,8917,21383,302101,688-1.3m295,783348,664114,406219,627196,30796,778
650 9299661,349010,2137,2134,58314,9436,52320,04965,27547,59873,32575,64862,870
651 ---------1.4m------
652/9 4,842-20349,60235,678-78,71986,74586,417275,734283,38966,808146,303120,65933,908
9903 3.1m4.8m10.7m359,8202.9m356,7501.5m689,15345.7m-10.9m890,856-6.4m-23.3m-12.5m-8.6m
67/77 176,390272,3241.6m120,754------26,520-82,637-12,8875,094-139,83275,008
670/3 176,390272,3241.6m120,754--------6,22956,38775,008
77 ---------26,52082,63712,8871,135196,219-
9904 2.9m4.6m9.1m239,0662.9m356,7501.5m689,15345.7m-10.9m973,493-6.4m-23.3m-12.4m-8.6m
9905 2.9m4.6m9.1m239,0662.9m356,7501.5m689,15345.7m-10.9m973,493-6.4m-23.3m-12.4m-8.6m
Appropriation of the result
9906 -7.3m-10.2m-14.8m-23.9m-24.2m-27.0m-30.4m-31.8m-32.5m-67.0m-55.9m-56.8m-50.4m-27.2m-14.8m
14P -10.2m-14.8m-23.9m-24.2m-27.0m-27.4m-31.8m---56.1m-56.8m----
Social balance sheet
9087 2.93.41728.93030.135.440.74747.747.148.876.488.996.4
Men (FTE)1003 11.26.410.110.110.6-17.820------
Women (FTE)1003 1.92.210.618.819.919.5-22.927------
Agency workers1501 1-221.32-----0.40.10.30.5
Hours worked1013 5,2286,52030,60947,54550,71551,458-65,47877,032--79,421125,744151,379157,271
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 8 older financial years (1998-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 41 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 2025 at the NBB, filed on 20-07-2026.

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
31-12-2025 full format 20-07-2026 2026-00325742 PDF
31-12-2024 full format 11-07-2025 2025-00282857 PDF
31-12-2023 full format 09-07-2024 2024-00241679 PDF
31-12-2022 full format 09-07-2024 2024-00241694 PDF
31-12-2021 full format 09-07-2024 2024-00241697 PDF
31-12-2020 full format 09-07-2024 2024-00241692 PDF
31-12-2019 full format 21-02-2021 2021-05800495 PDF
31-12-2018 full format 30-11-2019 2019-74800062 PDF
31-12-2017 full format 24-07-2018 2018-38500017 PDF
31-12-2016 full format 23-11-2017 2017-70000267 PDF
31-12-2015 full format 10-07-2016 2016-29800492 PDF
31-12-2014 full format 30-06-2015 2015-22800141 PDF
31-12-2013 full format 16-07-2014 2014-30900333 PDF
31-12-2012 consolidated 24-03-2014 2014-07200449 PDF
31-12-2012 full format 23-07-2013 2013-34300573 PDF
31-12-2011 consolidated 28-06-2012 2012-24300150 PDF
31-12-2011 full format 27-06-2012 2012-22700314 PDF
31-12-2010 full format 12-07-2011 2011-29100066 PDF
31-12-2010 consolidated 07-07-2011 2011-29000276 PDF
31-12-2009 consolidated 22-06-2010 2010-19900301 PDF
31-12-2009 full format 09-06-2010 2010-15900310 PDF
31-12-2008 consolidated 29-06-2009 2009-30800139 PDF
31-12-2008 full format 29-06-2009 2009-30800189 PDF
31-12-2007 consolidated 20-06-2008 2008-26300371 PDF
31-12-2007 full format 20-06-2008 2008-26300042 PDF
31-12-2006 consolidated 26-07-2007 2007-48400012 PDF
31-12-2006 full format 13-06-2007 2007-22200250 PDF
31-12-2005 full format 14-07-2006 2006-47304825 PDF
31-12-2004 full format 18-05-2005 2005-15402371 PDF
31-12-2003 full format 30-06-2004 2004-37301546 PDF
31-12-2002 full format 25-06-2003 2003-31000581 PDF
31-12-2001 full format 14-06-2002 2002-21500295 PDF
31-12-2000 abbreviated format 26-06-2001 2001-27102826 PDF
31-12-1999 abbreviated format 23-06-2000 2000-27500409 PDF
31-12-1998 abbreviated format 29-06-1999 1999-26004299 PDF

Subsidies and aid

European Union 1 project, €41,400 EU contribution

Horizon 2020
€41,400

Projects

  • Training next level scientists and researchers to develop highly selective and safe insecticidesHorizon 2020, participant, 01-01-2021 to 30-06-2025, €41,400, CypTox

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201620152014201220102009200820072006
80,29963,4727.8m899,6813.3m747,3481.7m838,010470,643-9.6m2.8m-4.2m-21.7m-13.1m-8.5m
3.0m4.6m9.6m731,7853.3m769,9651.6m870,80247.3m-9.1m3.2m-4.0m-20.3m-11.3m-7.8m
0-3-4.2m388,023425,590334,406553,271430,983265,1995.2m8.3m410,0666.4m18.4m1.2m
-------9,722-75,647---15.7m24.0m-8.9m8.4m-
128.3m125.3m120.8m107.0m106.7m106.3m109.0m111.6m114.3m--45.2m19.7m46.3m25.9m
6.2%5.6%69.2%6.4%42.9%5.2%17.6%7.5%-12.8%-4.5%-71.7%---
98.0%96.4%95.5%98.2%97.4%95.5%93.0%89.3%86.7%73.1%85.3%73.5%91.0%93.3%87.8%
50.8827.6122.6855.1536.9941.8441.8132.7034.71--14.285.8611.648.41
50.8827.6122.6855.1536.9941.8441.8132.7034.71--14.235.8611.648.41
0.020.040.050.020.030.050.080.120.150.370.170.360.100.070.14
2.3%3.6%7.6%0.2%2.6%0.3%1.4%0.7%44.3%-15.9%1.8%-12.4%-53.7%-18.6%-30.0%
2.2%3.5%7.2%0.2%2.5%0.3%1.3%0.6%38.4%-11.6%1.6%-9.1%-48.8%-17.4%-26.3%
86.4865.72over 100-over 100over 100over 10056.0872.15-479.2343.19-88.43-296.04-172.67-135.27
376 days212 days234 days107 days142 days247 days86 days109 days97 days53 days99 days119 days249 days145 days105 days
4453 days2270 days221 days133 days330 days299 days219 days329 days195 days115 days77 days99 days71 days61 days77 days

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.

Revenue breakdown

as filed

By activity 2009

  • Agro €9,251,868100.0%

Source: 2009 accounts, page 29, filing 2010-15900310

By geographic market 2009

  • Verenigde Staten van Amerika €8,163,97788.2%
  • Japan €997,09510.8%
  • Turkije €81,5610.9%
  • Nieuw Zeeland €9,2350.1%

Total €9,251,868

Source: 2009 accounts, page 29, filing 2010-15900310

All years (2006 to 2009)

By activity

By activity2006200720082009
Agro€6,826,959€5,657,410€3,170,519€9,251,868

By geographic market

By geographic market2006200720082009
Verenigde Staten van Amerika€3,849,131€2,830,644€2,830,644€8,163,977
Japan€2,977,828€2,826,766€322,275€997,095
Turkije---€81,561
Nieuw Zeeland--€17,600€9,235
Total€6,826,959€5,657,410€3,170,519€9,251,868

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date3353231
full-time2231919
part-time1121312
in full-time equivalents2.92.94.429.728.9
2.93.41728.930
On a permanent contract3343130
Joined-0112
Left-22803
Agency workers, average number1-221.3
Training hours766769---

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets---€388,023€425,590
€10,191€10,191€490,012€492,719€423,027

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees

The auditor is KPMG Bedrijfsrevisoren BV/SRL.

Item20252024202320222021
Fee for the audit€11,298€10,800€15,812€25,281€23,506
Other work by the auditor-€4,320€8,500€3,180€2,683

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on DEVGEN

The operating result for 2025 is 32% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 3.6% to 2.0%. Equity is higher and debt is lower.

Large changes and their cause
  • 2023 Net result +3,719% on 2022. The 2023 profit included a one-off income of €6,770,322.

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