Devico
ActiveSummary
Devico has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €393,807 and a net result of €19,201. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 2075 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 58.56 against 16.21 in 2024; short-term debt: 1.7% and cash: 49.9% of total assets), and 1.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.3%
Return on assets
4.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
34 d early
2023
5 d early
2022
20 d early
2021
23 d early
2020
9 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 oldest company in Aalst, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19,201▲ 51.9%
2024 · €12,639
Working capital
€383,069▲ 5.6%
2024 · €362,668
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€13,545€611,821€17,060▼ 97.2%€18,676▲ 9.5%€28,401▲ 52.1%
Net result-€15,900below the sector's middle half€415,072above the sector's middle half€9,821within the sector's middle half▼ 97.6%€12,639within the sector's middle half▲ 28.7%€19,201within the sector's middle half▲ 51.9%
Equity€67,073below the sector's middle half▼ 19.2%€352,145within the sector's middle half▲ 425%€361,966within the sector's middle half▲ 2.8%€374,605within the sector's middle half▲ 3.5%€393,807within the sector's middle half▲ 5.1%
Total assets€547,504within the sector's middle half▼ 19.1%€704,993within the sector's middle half▲ 28.8%€370,525below the sector's middle half▼ 47.4%€398,457below the sector's middle half▲ 7.5%€400,462below the sector's middle half▲ 0.5%
Debt€477,917▼ 19.2%€352,848▼ 26.2%€8,559▼ 97.6%€23,851▲ 179%€6,656▼ 72.1%
Working capital-€178,351below the sector's middle half▲ 2.1%€349,959within the sector's middle half€351,453within the sector's middle half▲ 0.4%€362,668within the sector's middle half▲ 3.2%€383,069within the sector's middle half▲ 5.6%
Solvency12.3%below the sector's middle half=50.0%within the sector's middle half▲ 37.7pp97.7%above the sector's middle half▲ 47.7pp94.0%above the sector's middle half▼ 3.7pp98.3%above the sector's middle half▲ 4.3pp
Current ratio0.63below the sector's middle half▼ 0.061.99within the sector's middle half▲ 1.3742.06above the sector's middle half▲ 40.0716.21above the sector's middle half▼ 25.8658.56above the sector's middle half▲ 42.35
Return on assets (ROA)-2.9%below the sector's middle half▼ 3.2pp58.9%above the sector's middle half▲ 61.8pp2.7%within the sector's middle half▼ 56.2pp3.2%within the sector's middle half▲ 0.5pp4.8%within the sector's middle half▲ 1.6pp
Staff (FTE)3.5within the sector's middle half▼ 5.4%2.7within the sector's middle half▼ 22.9%0.2below the sector's middle half▼ 92.6%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 52% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400,462
Fixed assets
€10,737 ▼ 10.1%
Current assets
€389,725 ▲ 0.8%
Equity and liabilities €400,462
Equity
€393,807 ▲ 5.1%
Debt
€6,656 ▼ 72.1%
Debt's share of the balance-sheet total falls from 6.0% to 1.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,846▲
2024 · €20,742
Cash flow
€21,646▲
2024 · €14,706
Quick ratio
57.08▲
2024 · 15.72
Debt to equity
0.02▼
2024 · 0.06
ROE
4.9%▲
2024 · 3.4%
Interest coverage
51.52▼
2024 · 64.19
Debt ≤ 1 year
€6,656▼
2024 · €23,851
Income taxes
€9,892▲
2024 · €6,737
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1.0m | - | - | - | - |
| Remuneration, social security and pensions62 | €179,700 | €149,569 | €12,440 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,231 | €1,862 | €1,490 | €2,066 | €2,444 | ▲ 18.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€2,514 | - | - | - | - |
| Other operating charges640/8 | €34,764 | €312,467 | €918 | €1,050 | €1,065 | ▲ 1.4% |
| Gross operating margin9900 | €222,149 | €1.1m | €31,909 | €21,792 | €31,910 | ▲ 46.4% |
| Operating profit (loss)9901 | -€13,545 | €611,821 | €17,060 | €18,676 | €28,401 | ▲ 52.1% |
| Financial income75/76B | €482 | €259 | €266 | €1,023 | €1,291 | ▲ 26.1% |
| Recurring financial income75 | €482 | €259 | €266 | €534 | €1,070 | ▲ 100% |
| Non-recurring financial income76B | - | - | - | €490 | €221 | ▼ 54.9% |
| Financial charges65/66B | €2,592 | €1,488 | €689 | €323 | €599 | ▲ 85.3% |
| Recurring financial charges65 | €2,592 | €1,488 | €689 | €323 | €599 | ▲ 85.3% |
| Profit (loss) for the period before taxes9903 | -€15,655 | €610,593 | €16,637 | €19,376 | €29,093 | ▲ 50.1% |
| Income taxes67/77 | €244 | €195,521 | €6,817 | €6,737 | €9,892 | ▲ 46.8% |
| Profit (loss) for the period9904 | -€15,900 | €415,072 | €9,821 | €12,639 | €19,201 | ▲ 51.9% |
| Profit (loss) for the period to be appropriated9905 | -€15,900 | €415,072 | €9,821 | €12,639 | €19,201 | ▲ 51.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €547,504 | €704,993 | €370,525 | €398,457 | €400,462 | ▲ 0.5% |
| Fixed assets21/28 | €247,997 | €2,186 | €10,513 | €11,938 | €10,737 | ▼ 10.1% |
| Tangible fixed assets22/27 | €247,997 | €2,186 | €10,513 | €11,938 | €10,737 | ▼ 10.1% |
| Land and buildings22 | €99,696 | - | €6,831 | €6,096 | €5,362 | ▼ 12.0% |
| Plant, machinery and equipment23 | €145,737 | - | €2,088 | €4,706 | €4,699 | ▼ 0.1% |
| Furniture and vehicles24 | €2,564 | €2,186 | €1,594 | €1,135 | €676 | ▼ 40.4% |
| Current assets29/58 | €299,507 | €702,807 | €360,011 | €386,519 | €389,725 | ▲ 0.8% |
| Stocks and contracts in progress3 | €102,649 | €9,875 | €9,875 | €11,655 | €9,859 | ▼ 15.4% |
| Stocks30/36 | €102,649 | €9,875 | €9,875 | €11,655 | €9,859 | ▼ 15.4% |
| Amounts receivable within one year40/41 | €92,693 | €242,966 | €53,375 | €46,492 | €180,082 | ▲ 287% |
| Trade receivables40 | €87,954 | €217,367 | €39,107 | €34,860 | €163,448 | ▲ 369% |
| Other amounts receivable41 | €4,739 | €25,599 | €14,268 | €11,632 | €16,633 | ▲ 43.0% |
| Current investments50/53 | - | - | €0 | €0 | €0 | = |
| Cash at bank and in hand54/58 | €103,965 | €449,965 | €296,761 | €328,372 | €199,784 | ▼ 39.2% |
| Deferred charges and accrued income490/1 | €200 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €547,504 | €704,993 | €370,525 | €398,457 | €400,462 | ▲ 0.5% |
| Equity10/15 | €67,073 | €352,145 | €361,966 | €374,605 | €393,807 | ▲ 5.1% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Revaluation surpluses12 | €151,457 | €21,457 | - | - | - | - |
| Reserves13 | - | €414,000 | €435,457 | €448,057 | €467,258 | ▲ 4.3% |
| Non-distributable reserves130/1 | - | - | €4,958 | €4,958 | €4,958 | = |
| Legal reserve130 | - | - | €4,958 | €4,958 | €4,958 | = |
| Tax-exempt reserves132 | - | - | €2,335 | €2,335 | €2,335 | = |
| Distributable reserves133 | - | €414,000 | €428,164 | €440,764 | €459,965 | ▲ 4.4% |
| Profit (loss) carried forward14 | -€145,884 | -€144,812 | -€134,991 | -€134,952 | -€134,952 | = |
| Provisions and deferred taxes16 | €2,514 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €2,514 | - | - | - | - | - |
| Environmental obligations163 | €2,514 | - | - | - | - | - |
| Amounts payable17/49 | €477,917 | €352,848 | €8,559 | €23,851 | €6,656 | ▼ 72.1% |
| Amounts payable after more than one year17 | €59 | - | - | - | - | - |
| Financial debts170/4 | €59 | - | - | - | - | - |
| Amounts payable within one year42/48 | €477,857 | €352,848 | €8,559 | €23,851 | €6,656 | ▼ 72.1% |
| Financial debts43 | €46,084 | - | - | - | - | - |
| Credit institutions430/8 | €46,084 | - | - | - | - | - |
| Trade debts44 | €94,739 | €142,922 | - | €14,378 | €1,095 | ▼ 92.4% |
| Suppliers440/4 | €94,739 | €142,922 | - | €14,378 | €1,095 | ▼ 92.4% |
| Taxes, remuneration and social security45 | €244 | €195,521 | - | €1,260 | €4,119 | ▲ 227% |
| Taxes450/3 | €244 | €195,521 | - | €1,260 | €4,119 | ▲ 227% |
| Other amounts payable47/48 | €336,791 | €14,405 | €8,559 | €8,213 | €1,441 | ▼ 82.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,900 | €415,072 | €9,821 | €12,639 | €19,201 | ▲ 51.9% |
| + Depreciation and write-downs630 | €21,231 | €1,862 | €1,490 | €2,066 | €2,444 | ▲ 18.3% |
| Operating cash flow (approximation) | €5,331 | €416,934 | €11,311 | €14,706 | €21,646 | ▲ 47.2% |
| Investment in fixed assets (approximation) | - | €243,949 | -€9,817 | -€3,491 | -€1,244 | ▲ 64.4% |
| Change in cash | - | €346,001 | -€153,204 | €31,610 | -€128,588 | ▼ 507% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 58.56
Current ratio from 16.21 to 58.56; short-term debt falls from €23,851 to €6,656.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 21current ratio 42.06
Current ratio from 1.99 to 42.06; short-term debt falls from €352,848 to €8,559.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €415,072
Net result €415,072 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.99
Current ratio from 0.63 to 1.99; short-term debt falls from €477,857 to €352,848.
31-12
Financial
Equity above €200,000Eq €352,145 ▲425%
Equity rises from €67,073 to €352,145.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €2,218
Net result €2,218 after one loss-making year.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€31,440
Net result drops to -€31,440, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 1969
Ground area
1,279 m²
Building footprint
208 m²
Volume, LiDAR
1,229 m³
Parcel 41304G0047/02Y003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Overhammedreef 22, 9300 Aalst
since 19692.002.892.721
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304G0047/02Y003 | Flanders | 1,279 m² | 1 · 208 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesDevico NV31365
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 6,417 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-06-1969
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
22240Manufacture of rubber and plastic products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0406754652
Also
9925:BE0406754652
Registered
18-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.