Devico

Active Public limited companyfounded 1969active for 57 yearsOverhammedreef 22, 9300 AalstKBO/BCE: BE 0406.754.652 #4 oldest company in Aalst, Construction sector

Devico

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Overview

Lifetime

20 annual accounts with figures on one time axis, 50 filings since 1976

Compare with

peak €1.1m (2022)

€31,910▲ 46.4%

lowest -€136,437 (2006)

€19,201▲ 51.9%

peak €393,807 (2025)

€393,807▲ 5.1%

€6,656▼ 72.1%

peak 18.9 FTE (2006)

-not published

Board3 names since 2021

2 directorsLIEVENS Liesbeth and 1 other

Documentsfilings and deeds

17-07-202614 days before the deadline

2025financial year

Gross margin from €21,792 to €31,910Result from €12,639 to €19,201Debts from €23,851 to €6,656Cash from €328,372 to €199,784

Key points

from the 2025 annual accounts

Liquidity

58.56 was 16.21 in 2024

Short-term debts fell from €23,851 to €6,656.

Filings

50 annual accounts since 1976

The last five annual accounts were filed 5 to 34 days before the end of the period.

Position in the sector

98.3%

Higher solvency than 95% of companies in specialised construction. Sector median 42.4% · 2,463 companies.

Checked score

Excellent

Financially stronger than 71% of micro companies in specialised construction (NACE 43)

Probability in this band: under 0.55%

Bankruptcy probability within 12 months < 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1%highest value 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength

Strong

100=equity 98.3% of total assets

100=short-term debt 1.7% · cash 49.9%

75+2return on assets 4.8%

Score breakdown

raises risk

Sector: Specialised construction activities (NACE 43)

lowers risk

Liquidity: current ratio 58.56, cash €199,784

Equity €393,807 (98.3% of total assets)

Founded in 1969

Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 98% on liquidity, 48% on profitability and 47% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 17,041 companies had the same profile as Devico has now. Each dot stands for 43 companies, two years later.

94.4%

were still trading

4.9%

stopped another way

0.5%

went bankrupt

Micro
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Devico itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 17,041 companies, not a prediction for Devico. 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.

Credit verdict

Credit of up to €35,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 58.56 (16.21 in 2024), above the usual 1.5. Short-term debt is 1.7% and cash 49.9% of total assets. 1.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 58.56, cash €199,784

NBB · annual accounts

Equity €393,807 (98.3% of total assets)

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Founded in 1969

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

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 filings

Deviation from the deadline

2025

14 days early

2024

34 days early

2023

5 days early

2022

20 days early

2021

23 days early

2020

9 days early

2019

8 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (5 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

10-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

YSEWYN Kris

Managing director

LIEVENS Liesbeth

Director

Board & ownership

Recent changes

18-11-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0406754652

25-11-2022

Registered office moved from Erembodegem-Aalst to Aalst New registered office: Overhammedreef 22 te 9300 Aalst · Previous registered office: INDUSTRIELAAN 7 - ZUID III, 9320 EREMBODEGEM-AALST · General meeting of 27-10-2022 · Gazette deed

29-03-2022

2 directors appointed, 1 resignation Resignation: YSEWYN Bernard · Appointments: YSEWYN Kris (managing director) and LIEVENS Liesbeth · Director discharge: YSEWYN Bernard · General meeting of 17-03-2022 · Gazette deed

01-11-1969

First establishment Overhammedreef 22, Aalst

All 63 events

Comparable companies

same main activity, similar in size and age

Company
Devico Aalst	€400,462	€31,910	98.3%	-
De Clercq Lokeren	€355,645	€30,563	96.3%	-
Constructie ROMA Dendermonde	€531,478	€26,511	81.9%	-
VERSTRINGE Maldegem	€268,734	€36,743	92.1%	-
Menuiserie Soulet Flémalle	€363,575	€29,540	97.5%	-
Dumoulin, Léon et fils Bassenge	€324,340	€28,903	92.6%	-
MICHEL DEWILDE EN ZONEN Kortemark	€412,108	€37,021	70.9%	-

These companies have the same main activity as Devico: joinery installation (NACE 43320). They are comparable in size and age: total assets between €269,000 and €531,000, founded between 1973 and 1982.

Official details

Source: KBO

Status: Active since 14-06-1969Normal situation
Activity: Joinery installationNACE 43320and 1 other
Joint committees: 124Construction
: 200Auxiliary committee for white-collar workers · annual accounts 2023
Establishment unit: 2.002.892.7219300 Aalst, since 01-11-1969
Financial year end: 31 December
Peppol: Reachable since 18-11-2025

Company details

Annual accounts 2025

: €31,910▲ 46.4%
: ≈ €190,000estimated
: €19,201▲ 51.9%
: €393,807▲ 5.1%
: €400,462▲ 0.5%
Filing: Filed on 17-07-2026, 14 days before the end of the filing period

Financials

Insights on Devico

Devico has existed since 1969. The gross margin fell from €1.1m in 2022 to €31,909 in 2023 and staff from 2.7 to 0.2 full-time equivalents.

In March 2022, the Official Gazette published the appointment of YSEWYN Kris as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 17-07-2026, 14 days before the deadline

€31,910

▲ 46.4%

€28,401

▲ 52.1%

€30,846

▲ 48.7%

€21,646

▲ 47.2%

98.3%

▲ 4.3 percentage points

58.56

▲ 42.35

The turnover shown is an estimate from the gross margin.

Turnover ≈ €190,000. Estimated: probably between €140,000 and €310,000.

In the rankings #4 oldest company in Aalst, Construction sector

Money flows

no detail for 2025

Balance sheet

balance sheet total €400,462 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

98.3%

Higher than 95% of 2,463 companies in 2025.

58.56

Higher than 95% of 2,436 companies in 2025.

4.8%

Higher than 52% of 2,454 companies in 2025.

Devico Middle half of the sector 80% of the sector Full accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Staff

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

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	400,462	398,457	370,525	704,993	547,504	676,620	615,030	511,120	581,641	664,601	543,474	550,219	611,244	561,822	539,271	707,881	531,918	631,911	859,150	1.2m
`21/28`	10,737	11,938	10,513	2,186	247,997	268,779	290,023	305,803	312,427	302,997	271,808	289,332	309,496	300,886	269,323	172,116	162,147	183,061	226,300	267,655
`22/27`	10,737	11,938	10,513	2,186	247,997	268,779	290,023	305,803	312,427	302,997	271,808	289,332	309,496	300,886	269,323	172,116	162,147	183,061	226,300	267,655
`22`	5,362	6,096	6,831	-	99,696	107,188	114,681	121,514	128,346	128,579	135,412	142,245	149,077	149,193	116,499	-	-	-	-	-
`23`	4,699	4,706	2,088	-	145,737	152,394	155,484	153,771	152,523	134,411	136,119	142,462	149,514	134,440	130,099	135,814	143,675	151,538	174,870	195,043
`24`	676	1,135	1,594	2,186	2,564	9,197	19,858	30,518	31,557	40,006	277	4,625	10,905	17,253	22,725	36,302	18,472	31,523	51,430	72,612
`29/58`	389,725	386,519	360,011	702,807	299,507	407,841	325,007	205,318	269,214	361,605	271,666	260,887	301,748	260,936	269,948	535,765	369,771	448,850	632,850	948,521
`3`	9,859	11,655	9,875	9,875	102,649	98,758	79,978	76,087	115,714	77,588	69,207	60,231	57,361	61,237	68,586	76,585	26,266	11,486	59,265	333,856
`30/36`	9,859	11,655	9,875	9,875	102,649	98,758	79,978	76,087	115,714	77,588	69,207	60,231	57,361	61,237	68,586	76,585	26,266	11,486	59,265	333,856
`40/41`	180,082	46,492	53,375	242,966	92,693	115,413	83,914	70,325	58,892	153,465	121,637	140,641	232,213	173,987	126,726	247,797	149,989	199,336	450,505	469,681
`40`	163,448	34,860	39,107	217,367	87,954	103,205	83,914	63,971	53,001	137,895	64,075	80,474	147,005	113,021	100,679	204,903	127,109	171,624	448,167	390,314
`41`	16,633	11,632	14,268	25,599	4,739	12,208	-	6,354	5,890	15,570	57,562	60,167	85,208	60,966	26,047	42,894	22,880	27,712	2,338	79,367
`50/53`	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`54/58`	199,784	328,372	296,761	449,965	103,965	193,469	160,915	58,705	94,409	130,552	80,822	60,015	12,174	25,712	74,636	211,383	193,516	237,061	121,799	142,421
`490/1`	-	-	-	-	200	200	200	200	200	-	-	-	-	-	-	-	-	967	1,281	2,563
Balance sheet: equity and liabilities
`10/49`	400,462	398,457	370,525	704,993	547,504	676,620	615,030	511,120	581,641	664,601	543,474	550,219	611,244	561,822	539,271	707,881	531,918	631,911	859,150	1.2m
`10/15`	393,807	374,605	361,966	352,145	67,073	82,973	80,755	112,195	83,926	92,988	100,540	107,778	124,756	176,881	196,534	219,627	192,780	181,304	158,947	161,721
`10/11`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	49,579	49,579	49,579	49,579
`10`	61,500	61,500	61,500	61,500	61,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	49,579	49,579	49,579	49,579
`12`	-	-	-	21,457	151,457	151,457	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000
`13`	467,258	448,057	435,457	414,000	-	-	21,457	21,457	21,457	21,457	21,457	21,457	21,457	21,457	21,457	21,457	21,457	21,457	21,457	21,456
`130/1`	4,958	4,958	4,958	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	4,958	4,958	4,958	-	-	-	4,958	4,958	4,958	4,958	4,958	4,958	4,958	4,958	4,958	4,958	4,958	4,958	4,958	4,958
`132`	2,335	2,335	2,335	-	-	-	2,335	2,335	2,335	2,335	2,335	2,335	2,335	2,335	2,335	2,335	2,335	2,335	2,335	2,335
`133`	459,965	440,764	428,164	414,000	-	-	14,164	14,164	14,164	14,164	14,164	14,164	14,164	14,164	14,164	14,164	14,164	14,164	14,164	14,163
`14`	-134,952	-134,952	-134,991	-144,812	-145,884	-129,984	-132,201	-100,762	-129,031	-119,969	-112,417	-105,179	-88,201	-36,076	-16,423	6,670	-8,256	-19,732	-42,089	-39,314
`16`	-	-	-	-	2,514	2,514	4,370	4,370	4,370	4,370	4,084	4,084	3,824	3,861	4,837	9,949	18,370	24,682	19,146	-
`160/5`	-	-	-	-	2,514	2,514	4,370	4,370	4,370	4,370	4,084	4,084	3,824	3,861	4,837	9,949	18,370	24,682	19,146	-
`163`	-	-	-	-	2,514	2,514	4,370	4,370	4,370	4,370	-	-	-	-	-	-	-	-	-	-
`17/49`	6,656	23,851	8,559	352,848	477,917	591,133	529,905	394,556	493,346	567,244	438,850	438,357	482,664	381,080	337,900	478,305	320,768	425,925	681,057	1.1m
`17`	-	-	-	-	59	1,144	5,671	17,076	30,074	24,734	-	-	-	5,763	13,208	20,386	-	18,232	45,992	88,292
`170/4`	-	-	-	-	59	1,144	5,671	17,076	30,074	24,734	-	-	-	5,763	13,208	20,386	-	-	-	-
`175`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,232	45,992	88,292
`42/48`	6,656	23,851	8,559	352,848	477,857	589,989	524,235	377,480	463,272	542,509	438,850	438,357	482,382	375,317	324,692	457,734	320,768	407,693	635,065	951,945
`43`	-	-	-	-	46,084	104,526	101,404	17,705	88,474	84,033	-	130	6,394	90,553	90,287	93,080	112,687	122,789	402,329	428,385
`430/8`	-	-	-	-	46,084	104,526	101,404	17,705	13,474	9,033	-	130	6,394	90,553	90,287	93,080	112,687	122,789	401,243	428,385
`439`	-	-	-	-	-	-	-	-	75,000	75,000	-	-	-	-	-	-	-	-	1,086	-
`44`	1,095	14,378	-	142,922	94,739	144,158	90,398	50,400	72,567	157,467	115,710	128,360	164,780	133,091	188,356	331,614	194,974	227,275	182,002	461,261
`440/4`	1,095	14,378	-	142,922	94,739	144,158	90,398	50,400	72,567	157,467	115,710	128,360	164,780	133,091	188,356	331,614	194,974	227,275	182,002	461,261
`45`	4,119	1,260	-	195,521	244	551	11,158	-	228	4,079	3,529	3,765	3,705	1,206	-	6,171	12,717	6,619	18,408	58,160
`450/3`	4,119	1,260	-	195,521	244	551	8,959	-	228	213	268	3,765	-	-	-	6,171	12,717	6,619	18,408	1,103
`454/9`	-	-	-	-	-	-	2,199	-	-	3,866	3,261	-	3,705	1,206	-	-	-	-	-	57,057
`47/48`	1,441	8,213	8,559	14,405	336,791	340,754	321,274	309,375	302,002	296,930	319,611	306,102	307,503	150,467	46,049	26,869	390	51,010	32,326	4,139
`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	282	-	-	185	-	-	-	14,218
Income statement
`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.3m	1.1m	1.2m	1.5m	1.5m	1.9m
`76A`	-	-	-	1.0m	-	-	-	653	-	4,132	-	-	-	241	708	-	-	-	2,300	-
`9900`	31,910	21,792	31,909	1.1m	222,149	268,085	224,400	288,837	255,437	245,940	238,026	286,638	310,463	304,901	433,055	337,438	418,301	559,975	526,624	732,368
`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	903,365	767,673	764,847	960,648	927,285	1.2m
`62`	-	-	12,440	149,569	179,700	201,913	174,069	177,590	187,296	194,951	167,791	175,806	226,847	208,483	272,592	282,850	367,433	454,152	434,368	802,371
`630`	2,444	2,066	1,490	1,862	21,231	24,395	23,690	21,726	21,095	16,331	17,524	20,164	23,064	12,861	19,663	19,319	22,579	44,008	44,875	33,374
`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,040
`635/8`	-	-	-	-2,514	-	-1,856	-	-	-	285	-	260	-37	-976	-	-	-	5,535	19,146	-
`640/8`	1,065	1,050	918	312,467	34,764	39,552	42,068	45,768	30,516	27,883	28,136	77,682	74,664	76,454	153,199	8,581	5,876	9,764	4,480	6,611
`66A`	-	-	-	-	-	-	-	-	-	-	942	-	-	-	-	-	-	-	8,398	-
`9901`	28,401	18,676	17,060	611,821	-13,545	4,081	-15,428	43,753	16,530	6,488	24,575	12,726	-14,075	8,079	-12,399	26,688	22,413	46,516	23,755	-111,028
`75/76B`	1,291	1,023	266	259	482	395	1,117	1,522	1,779	739	18	556	104	116	3,512	1,709	809	395	208	3,333
`75`	1,070	534	266	259	482	395	1,117	868	1,779	739	18	556	104	116	3,512	1,709	809	395	208	3,333
`76B`	221	490	-	-	-	-	-	653	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	599	323	689	1,488	2,592	1,994	16,710	16,682	27,144	14,616	30,305	33,699	35,316	28,099	6,989	5,000	5,537	18,078	24,044	20,066
`65`	599	323	689	1,488	2,592	1,994	16,710	16,682	27,144	14,616	30,305	33,699	35,316	28,099	6,989	5,000	5,537	18,078	24,044	20,066
`9903`	29,093	19,376	16,637	610,593	-15,655	2,483	-31,022	28,592	-8,834	-7,388	-6,654	-20,417	-49,287	-19,663	-15,168	23,397	17,685	28,833	-6,179	-127,761
`67/77`	9,892	6,737	6,817	195,521	244	265	418	323	228	163	584	-3,439	2,838	-10	7,925	8,471	6,209	6,476	-3,404	8,676
`9904`	19,201	12,639	9,821	415,072	-15,900	2,218	-31,440	28,269	-9,062	-7,551	-7,238	-16,978	-52,125	-19,653	-23,093	14,926	11,476	22,357	-2,775	-136,437
`9905`	19,201	12,639	9,821	415,072	-15,900	2,218	-31,440	28,269	-9,062	-7,551	-7,238	-16,978	-52,125	-19,653	-23,093	14,926	11,476	22,357	-2,775	-136,437
Appropriation of the result
`9906`	-115,750	-122,352	-134,991	269,188	-145,884	-129,984	-132,201	-100,762	-129,031	-119,969	-112,417	-105,179	-88,201	-36,076	-16,423	6,670	-8,256	-19,732	-42,089	-39,314
`14P`	-134,952	-134,991	-144,812	-145,884	-129,984	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	19,201	12,600	-	414,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`6921`	19,201	12,600	-	414,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	-	-	0.2	2.7	3.5	3.7	3.5	4.3	4.5	4.6	5.6	6.5	7.6	6.6	7	7.1	8.4	10.3	11.6	18.9
Hours worked`1013`	-	-	168	4,334	5,340	5,196	5,268	5,652	5,916	6,784	5,944	6,376	8,704	7,168	9,808	10,128	12,464	16,560	16,296	31,304
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 30 older financial years (1976-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 5 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 17-07-2026.

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	17-07-2026	2026-00314352	PDF
31-12-2024	abbreviated format	27-06-2025	2025-00203312	PDF
31-12-2023	abbreviated format	26-07-2024	2024-00299467	PDF
31-12-2022	abbreviated format	11-07-2023	2023-00238111	PDF
31-12-2021	abbreviated format	08-07-2022	2022-20181600	PDF
31-12-2020	abbreviated format	22-07-2021	2021-38700407	PDF
31-12-2019	abbreviated format	23-07-2020	2020-33500228	PDF
31-12-2018	abbreviated format	12-07-2019	2019-32400591	PDF
31-12-2017	abbreviated format	12-07-2018	2018-34100074	PDF
31-12-2016	abbreviated format	10-07-2017	2017-29600268	PDF
31-12-2015	abbreviated format	20-07-2016	2016-33600169	PDF
31-12-2014	abbreviated format	22-07-2015	2015-33300146	PDF
31-12-2013	abbreviated format	23-07-2014	2014-33600021	PDF
31-12-2012	abbreviated format	23-07-2013	2013-33900503	PDF
31-12-2011	abbreviated format	24-07-2012	2012-34200561	PDF
31-12-2010	abbreviated format	07-07-2011	2011-27100460	PDF
31-12-2009	abbreviated format	09-07-2010	2010-29700405	PDF
31-12-2008	abbreviated format	08-07-2009	2009-39200212	PDF
31-12-2007	abbreviated format	24-07-2008	2008-46000249	PDF
31-12-2006	abbreviated format	30-07-2007	2007-51700143	PDF
31-12-2005	abbreviated format	25-07-2006	2006-53001366	PDF
31-12-2004	abbreviated format	21-06-2005	2005-30004941	PDF
31-12-2003	abbreviated format	30-07-2004	2004-56601840	PDF
31-12-2002	abbreviated format	25-07-2003	2003-51105029	PDF
31-12-2001	abbreviated format	25-07-2002	2002-42202916	PDF
31-12-2000	abbreviated format	30-07-2001	2001-45401332	PDF
31-12-1999	abbreviated format	28-06-2000	2000-31300914	PDF
31-12-1998	abbreviated format	21-09-1999	1999-47801651	PDF
31-12-1997	abbreviated format	13-07-1998	1998-32004841	PDF
31-12-1996	abbreviated format	08-07-1997	1997-28502172	PDF
31-12-1995	abbreviated format	18-06-1996	1996-17704123	PDF
31-12-1994	abbreviated format	20-06-1995	1995-25504067	PDF
31-12-1993	abbreviated format	13-09-1994	1994-39301557	PDF
31-12-1992	abbreviated format	19-01-1994	1994-00904988	PDF
31-12-1991	abbreviated format	02-07-1992	1992-18603344	PDF
31-12-1990	abbreviated format	27-05-1991	1991-06200763	PDF
31-12-1989	abbreviated format	28-06-1990	1990-12303394	PDF
31-12-1988	abbreviated format	26-06-1989	1989-10802064	PDF
31-12-1987	abbreviated format	15-07-1988	1988-15803400	PDF
31-12-1986	abbreviated format	02-07-1987	1987-14404986	PDF
31-12-1985	abbreviated format	25-06-1986	1986-18601908	PDF
31-12-1984	full format	29-07-1985	1985-27300491	PDF
31-12-1983	unclassified schema	04-09-1984	1984-12702391	PDF
31-12-1982	unclassified schema	23-11-1983	1983-13901118	PDF
31-12-1981	unclassified schema	17-08-1982	1982-10901599	PDF
31-12-1980	unclassified schema	15-10-1981	1981-11901649	PDF
31-12-1979	unclassified schema	01-07-1980	1980-07400034	PDF
31-12-1978	unclassified schema	09-01-1980	1980-00102192	PDF
31-12-1977	unclassified schema	16-11-1978	1978-08400333	PDF
31-12-1976	unclassified schema	05-07-1978	1978-04302119	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
30,846	20,742	18,551	613,683	7,686	28,476	8,262	65,479	37,625	22,820	42,099	32,890	8,989	20,940	7,264	46,007	44,992	90,524	68,630	-77,654
21,646	14,706	11,311	416,934	5,331	26,612	-7,749	49,995	12,033	8,780	10,286	3,186	-29,061	-6,792	-3,430	34,245	34,055	66,365	42,100	-103,063
1,244	3,491	9,817	2,295	449	9,751	7,911	15,101	23,925	47,520	0	0	31,674	82,343	117,026	29,131	1,665	769	3,520	211,683
-128,588	31,610	-153,204	346,001	-89,505	32,554	102,210	-35,704	-36,143	49,730	20,807	47,841	-13,538	-48,924	-136,747	17,867	-43,545	115,262	-20,622	-
383,069	362,668	351,453	349,959	-178,351	-182,149	-199,227	-172,162	-194,057	-180,905	-167,184	-177,470	-180,634	-114,381	-54,744	78,031	49,003	41,157	-2,215	-3,424
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.9%	2.4%	1.9%	3.1%	1.6%	-5.8%
98.3%	94.0%	97.7%	50.0%	12.3%	12.3%	13.1%	22.0%	14.4%	14.0%	18.5%	19.6%	20.4%	31.5%	36.4%	31.0%	36.2%	28.7%	18.5%	13.3%
58.56	16.21	42.06	1.99	0.63	0.69	0.62	0.54	0.58	0.67	0.62	0.60	0.63	0.70	0.83	1.17	1.15	1.10	1.00	1.00
57.08	15.72	40.91	1.96	0.41	0.52	0.47	0.34	0.33	0.52	0.46	0.46	0.51	0.53	0.62	1.00	1.07	1.07	0.90	0.65
0.02	0.06	0.02	1.00	7.13	7.12	6.56	3.52	5.88	6.10	4.36	4.07	3.87	2.15	1.72	2.18	1.66	2.35	4.28	6.52
4.9%	3.4%	2.7%	117.9%	-23.7%	2.7%	-38.9%	25.2%	-10.8%	-8.1%	-7.2%	-15.8%	-41.8%	-11.1%	-11.8%	6.8%	6.0%	12.3%	-1.7%	-84.4%
4.8%	3.2%	2.7%	58.9%	-2.9%	0.3%	-5.1%	5.5%	-1.6%	-1.1%	-1.3%	-3.1%	-8.5%	-3.5%	-4.3%	2.1%	2.2%	3.5%	-0.3%	-11.2%
51.52	64.19	26.94	over 100	2.97	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	-	-	28 days	67 days	40 days	41 days	111 days	75 days
-	-	-	-	-	-	-	-	-	-	-	-	-	-	76 days	158 days	93 days	86 days	72 days	141 days

EBIT margin: not included in this filing.

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.

Social balance sheet

Item	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	-	1	4
full-time	-	-	3
part-time	-	1	1
in full-time equivalents	-	0.8	3.5
	0.2	2.7	3.5
On a permanent contract	-	1	4
Joined	0	0	-
Left	1	3	-

Source: social balance sheet in the 2021 to 2023 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Debts guaranteed by Belgian public bodies	-	-	-	-	€46,084

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,244	€3,491	€9,817	€2,295	€449
	€2,444	€2,066	€1,490	€1,862	€21,231

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

Insights on Devico

The operating result for 2025 is 52% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 6.0% to 1.7%. Equity is higher and debt is lower.

Large changes and their cause

2023 Net result -98% on 2022. The 2022 profit included a one-off income of €1,013,177.

Board & ownership

Board

2 directors, 1 in day-to-day management, last change in 2022

LIEVENS Liesbeth

Director

appointed by deed of 29-03-2022

listed in the 2025 annual accounts, filed on 17-07-2026

YSEWYN Kris

Director and managing director

appointed by deed of 29-03-2022

listed in the 2025 annual accounts, filed on 17-07-2026

: YSEWYN Kris

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today

LIEVENS Liesbeth
Director

YSEWYN Kris
Director, Managing director

YSEWYN Bernard
Director

LeadershipBoardEarliermandate already running before its first mention

Mandates as a list

LIEVENS Liesbeth
- Director, since before 31-12-2021
YSEWYN Kris
- Director, since before 31-12-2021
- Managing director, appointed by deed of 29-03-2022, still in office
YSEWYN Bernard
- Director, from before 31-12-2021 to 29-03-2022

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital: €61,500
Source: 2025 annual accounts

Network & group

No group

Devico has no parent and no holdings in its annual accounts. Devico shares no director with another company.

Timeline

63 events since 1969

Board

Filings

Financial

Establishments

Address

197019751980198519901995200020052010201520202025

Deadline for the 2026 accounts: 31-07-2027

2026

17-07-2026

Annual accounts 2025 filed NBBfull format · 14 days before the deadline

2025

31-12-2025

Liquidity more than triples current ratio 58.56 The current ratio rises from 16.21 to 58.56. Short-term debt falls from €23,851 to €6,656.

18-11-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0406754652

27-06-2025

Annual accounts 2024 filed PDFabbreviated format · 34 days before the deadline

2024

26-07-2024

Annual accounts 2023 filed PDFabbreviated format · 5 days before the deadline

2023

31-12-2023

Liquidity more than 21 times current ratio 42.06 The current ratio rises from 1.99 to 42.06. Short-term debt falls from €352,848 to €8,559.

11-07-2023

Annual accounts 2022 filed PDFabbreviated format · 20 days before the deadline

2022

31-12-2022

Back to profit net €415,072 The net result is €415,072, after one loss-making year.

31-12-2022

Liquidity more than triples current ratio 1.99 The current ratio rises from 0.63 to 1.99. Short-term debt falls from €477,857 to €352,848.

25-11-2022

Registered office moved from Erembodegem-Aalst to AalstNew registered office: Overhammedreef 22 te 9300 Aalst · Previous registered office: INDUSTRIELAAN 7 - ZUID III, 9320 EREMBODEGEM-AALST · General meeting of 27-10-20222 points ▸

General meeting, 27-10-2022, mentioned twice in the deed
Registered-office move, Overhammedreef 22 te 9300 Aalst
The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

08-07-2022

Annual accounts 2021 filed PDFabbreviated format · 23 days before the deadline

29-03-2022

2 directors appointed, 1 resignationResignation: YSEWYN Bernard · Appointments: YSEWYN Kris (managing director) and LIEVENS Liesbeth · Director discharge: YSEWYN Bernard · General meeting of 17-03-20226 points ▸

General meeting, 17-03-2022
Director resignation, YSEWYN Bernard
Director discharge, YSEWYN Bernard
Director appointment, YSEWYN Kris
Director appointment, LIEVENS Liesbeth
Director appointment, YSEWYN Kris (managing director)
The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2021

22-07-2021

Annual accounts 2020 filed PDFabbreviated format · 9 days before the deadline

2020

31-12-2020

Back to profit net €2,218 The net result is €2,218, after one loss-making year.

23-07-2020

Annual accounts 2019 filed PDFabbreviated format · 8 days before the deadline

2019

12-07-2019

Annual accounts 2018 filed PDFabbreviated format · 19 days before the deadline

2018

31-12-2018

Back to profit net €28,269 The net result is €28,269, after 7 loss-making years.

12-07-2018

Annual accounts 2017 filed PDFabbreviated format · 19 days before the deadline

2017

10-07-2017

Annual accounts 2016 filed PDFabbreviated format · 21 days before the deadline

2016

20-07-2016

Annual accounts 2015 filed PDFabbreviated format · 11 days before the deadline

2015

22-07-2015

Annual accounts 2014 filed PDFabbreviated format · 9 days before the deadline

2014

23-07-2014

Annual accounts 2013 filed PDFabbreviated format · 8 days before the deadline

2013

23-07-2013

Annual accounts 2012 filed PDFabbreviated format · 8 days before the deadline

2012

24-07-2012

Annual accounts 2011 filed PDFabbreviated format · 7 days before the deadline

2011

07-07-2011

Annual accounts 2010 filed PDFabbreviated format · 24 days before the deadline

2010

31-12-2010

Equity above €200,000 equity €219,627 ▲13.9% After 3 profitable years in a row, equity reaches €219,627.

09-07-2010

Annual accounts 2009 filed PDFabbreviated format · 22 days before the deadline

2009

08-07-2009

Annual accounts 2008 filed PDFabbreviated format · 23 days before the deadline

2008

31-12-2008

Back to profit net €22,357 The net result is €22,357, after 2 loss-making years.

24-07-2008

Annual accounts 2007 filed PDFabbreviated format · 7 days before the deadline

2007

30-07-2007

Annual accounts 2006 filed PDFabbreviated format · 1 day before the deadline

2006

25-07-2006

Annual accounts 2005 filed PDFabbreviated format

2005

21-06-2005

Annual accounts 2004 filed PDFabbreviated format

2004

30-07-2004

Annual accounts 2003 filed PDFabbreviated format

2003

25-07-2003

Annual accounts 2002 filed PDFabbreviated format

2002

25-07-2002

Annual accounts 2001 filed PDFabbreviated format

2001

30-07-2001

Annual accounts 2000 filed PDFabbreviated format

2000

28-06-2000

Annual accounts 1999 filed PDFabbreviated format

1999

21-09-1999

Annual accounts 1998 filed PDFabbreviated format

1998

13-07-1998

Annual accounts 1997 filed PDFabbreviated format

1997

08-07-1997

Annual accounts 1996 filed PDFabbreviated format

1996

18-06-1996

Annual accounts 1995 filed PDFabbreviated format

1995

20-06-1995

Annual accounts 1994 filed PDFabbreviated format

1994

13-09-1994

Annual accounts 1993 filed PDFabbreviated format

19-01-1994

Annual accounts 1992 filed PDFabbreviated format

1992

02-07-1992

Annual accounts 1991 filed PDFabbreviated format

1991

27-05-1991

Annual accounts 1990 filed PDFabbreviated format

1990

28-06-1990

Annual accounts 1989 filed PDFabbreviated format

1989

26-06-1989

Annual accounts 1988 filed PDFabbreviated format

1988

15-07-1988

Annual accounts 1987 filed PDFabbreviated format

1987

02-07-1987

Annual accounts 1986 filed PDFabbreviated format

1986

25-06-1986

Annual accounts 1985 filed PDFabbreviated format

1985

29-07-1985

Annual accounts 1984 filed PDFfull format

1984

04-09-1984

Annual accounts 1983 filed PDFunclassified schema

1983

23-11-1983

Annual accounts 1982 filed PDFunclassified schema

1982

17-08-1982

Annual accounts 1981 filed PDFunclassified schema

1981

15-10-1981

Annual accounts 1980 filed PDFunclassified schema

1980

01-07-1980

Annual accounts 1979 filed PDFunclassified schema

09-01-1980

Annual accounts 1978 filed PDFunclassified schema

1978

16-11-1978

Annual accounts 1977 filed PDFunclassified schema

05-07-1978

Annual accounts 1976 filed PDFunclassified schema

1969

01-11-1969

First establishment Overhammedreef 22, Aalst

14-06-1969

Incorporation KBO

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

Devico was incorporated on 14 June 1969.¹ The registered office was moved to Aalst in 2022.² Total assets fell from €511,120 in 2018 to €400,462 in 2025 and headcount from 4.3 full-time equivalents in 2018 to 0.2 in 2023.³

Company details

Identity

Enterprise number: 0406.754.652
VAT number: BE 0406.754.652
Peppol ID: 0208:0406754652
Other Peppol ID: 9925:BE0406754652
Legal form: Public limited company
Status: Active, normal situation
Founded: 14-06-1969
Financial year: ends on 31 December
Peppol: Reachable since 18-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: Devico in Dutch
Entity type: Legal entity

Activities

NACEBEL 2025

43320 Joinery installation main activity

22240 Manufacture of rubber and plastic products

Joint committees annual accounts 2023

JC 124 Construction

JC 200 Auxiliary committee for white-collar workers

Codes under NACEBEL 2008

43320 Joinery installation main activity

22230 Manufacture of rubber and plastic products

Codes under NACEBEL 2003

25230 main activity

45421

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Overhammedreef 22 registered office 9300 Aalst	01-11-1969	2.002.892.721

1 former office

Industrielaan 7 - Zuid Iii, 9320 Erembodegem-Aalst until 27-10-2022 · deed of 25-11-2022

Buildings and parcels at the address

Ground area: 1,279 m²
Buildings: 208 m²
Volume, LiDAR: 1,229 m³
Tallest building: 8.5 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

Parcels

Cadastral parcel	Area	Buildings	Height / floors
41304G0047/02Y003	1,279 m²	1 · 208 m²	8.5 m · 2

Recognitions

Recognised contractor

2 categories

Devico NVapproval number 31365

D5 General joinery, timber roof trusses and stairsclass 2, up to €330,000
D20 Metal joineryclass 2, up to €330,000

decision 02-10-2024

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0406.754.652

Overview

Lifetime

Key points

Liquidity

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on Devico

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency98.3%

Current ratio58.56

Return on assets4.8%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on Devico

Board & ownership

Board

Mandates through the years

Control

Capital

Network & group

No group

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Recognitions

Recognised contractor

Invoicing and payment

in euro

in euro

98.3%

58.56

4.8%