DEVICO INTERNATIONAL
ActiveSummary
DEVICO INTERNATIONAL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of -€62,186. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 7.48 against 8.04 in 2024; short-term debt: 13.3% and cash: 60.6% of total assets), and 14.1% of the assets are financed with debt.
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Signals
Seven 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
85.9%
Return on assets
-3.2%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€62,186
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
50 d early
2023
50 d early
2022
45 d early
2021
38 d early
2020
47 d early
2019
47 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 45 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.6m▼ 7.0%
2024 · €1.8m
Total assets
€1.9m▼ 5.4%
2024 · €2.0m
Net result
-€62,186▼ 14.3%
2024 · -€54,419
Working capital
€1.7m▼ 6.4%
2024 · €1.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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-€48,457▲ 18.5%-€103,988▼ 115%-€75,869▲ 27.0%-€70,881▲ 6.6%-€81,790▼ 15.4%
Net result-€44,491below the sector's middle half▲ 21.1%-€101,018below the sector's middle half▼ 127%-€70,458below the sector's middle half▲ 30.3%-€54,419below the sector's middle half▲ 22.8%-€62,186below the sector's middle half▼ 14.3%
Equity€2.1mabove the sector's middle half▼ 2.1%€2.0mabove the sector's middle half▼ 6.2%€1.8mabove the sector's middle half▼ 8.1%€1.8mabove the sector's middle half▼ 3.0%€1.6mabove the sector's middle half▼ 7.0%
Total assets€2.3mabove the sector's middle half▼ 2.1%€2.2mabove the sector's middle half▼ 5.8%€2.1mabove the sector's middle half▼ 4.1%€2.0mabove the sector's middle half▼ 2.5%€1.9mwithin the sector's middle half▼ 5.4%
Debt€185,464▼ 3.1%€182,600▼ 1.5%€253,222▲ 38.7%€254,987▲ 0.7%€270,692▲ 6.2%
Working capital€2.1m▼ 1.6%€2.0m▼ 5.2%€1.8m▼ 8.3%€1.8m▼ 3.0%€1.7m▼ 6.4%
Solvency92.0%above the sector's middle half▲ 0.1pp91.6%above the sector's middle half▼ 0.4pp87.8%above the sector's middle half▼ 3.8pp87.4%above the sector's middle half▼ 0.4pp85.9%above the sector's middle half▼ 1.5pp
Staff (FTE)3=3=3=3=2.8within the sector's middle half▼ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €81,790 in 2025 against €70,881 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€3,498 ▲ 40.4%
Current assets
€1.9m ▼ 5.4%
Equity and liabilities €1.9m
Equity
€1.6m ▼ 7.0%
Debt
€270,692 ▲ 6.2%
Debt's share of the balance-sheet total rises from 12.6% to 14.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€81,256▼
2024 · -€70,818
Cash flow
-€61,652▼
2024 · -€54,356
Current ratio
7.48▼
2024 · 8.04
Quick ratio
7.23▼
2024 · 7.77
Debt to equity
0.16▲
2024 · 0.14
ROE
-3.8%▼
2024 · -3.1%
ROA
-3.2%▼
2024 · -2.7%
Interest coverage
-28.62▼
2024 · -23.20
Debt ≤ 1 year
€256,169▲
2024 · €252,048
Income taxes
€292▲
2024 · €275
Staff costs
€168,426▼
2024 · €183,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 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% | 1.6% |
| 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 74% 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 12,304 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €149,422 | €174,126 | €183,950 | €168,426 | ▼ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,331 | €10,085 | €5,101 | €63 | €534 | ▲ 748% |
| Other operating charges640/8 | - | €16,686 | €15,220 | €14,241 | €19,936 | ▲ 40.0% |
| Gross operating margin9900 | €69,012 | €72,205 | €118,578 | €127,373 | €107,106 | ▼ 15.9% |
| Operating profit (loss)9901 | -€48,457 | -€103,988 | -€75,869 | -€70,881 | -€81,790 | ▼ 15.4% |
| Financial income75/76B | - | €5,232 | €7,792 | €19,789 | €22,735 | ▲ 14.9% |
| Recurring financial income75 | €5,848 | €5,232 | €7,792 | €19,789 | €22,735 | ▲ 14.9% |
| Financial charges65/66B | - | €2,024 | €2,120 | €3,052 | €2,839 | ▼ 7.0% |
| Recurring financial charges65 | €1,606 | €2,024 | €2,120 | €3,052 | €2,839 | ▼ 7.0% |
| Profit (loss) for the period before taxes9903 | -€44,215 | -€100,780 | -€70,197 | -€54,144 | -€61,894 | ▼ 14.3% |
| Income taxes67/77 | €276 | €238 | €261 | €275 | €292 | ▲ 6.2% |
| Profit (loss) for the period9904 | -€44,491 | -€101,018 | -€70,458 | -€54,419 | -€62,186 | ▼ 14.3% |
| Profit (loss) for the period to be appropriated9905 | -€44,491 | -€101,018 | -€70,458 | -€54,419 | -€62,186 | ▼ 14.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.2m | €2.1m | €2.0m | €1.9m | ▼ 5.4% |
| Fixed assets21/28 | €17,741 | €7,656 | €2,555 | €2,492 | €3,498 | ▲ 40.4% |
| Intangible fixed assets21 | €3,217 | €1,316 | - | - | - | - |
| Tangible fixed assets22/27 | €12,157 | €3,973 | €188 | €125 | €1,131 | ▲ 805% |
| Plant, machinery and equipment23 | - | €3,616 | - | - | €1,069 | - |
| Furniture and vehicles24 | - | €357 | €188 | €125 | €62 | ▼ 50.4% |
| Financial fixed assets28 | €2,367 | €2,367 | €2,367 | €2,367 | €2,367 | = |
| Current assets29/58 | €2.3m | €2.2m | €2.1m | €2.0m | €1.9m | ▼ 5.4% |
| Stocks and contracts in progress3 | €98,073 | €102,252 | €99,788 | €68,664 | €64,333 | ▼ 6.3% |
| Stocks30/36 | - | €102,252 | €99,788 | €68,664 | €64,333 | ▼ 6.3% |
| Amounts receivable within one year40/41 | €165,655 | €110,279 | €113,191 | €341,801 | €361,518 | ▲ 5.8% |
| Trade receivables40 | - | €107,510 | €111,308 | €336,196 | €354,675 | ▲ 5.5% |
| Other amounts receivable41 | - | €2,769 | €1,883 | €5,605 | €6,843 | ▲ 22.1% |
| Current investments50/53 | €11,129 | €13,767 | €517,870 | €518,155 | €318,335 | ▼ 38.6% |
| Cash at bank and in hand54/58 | €2.0m | €1.9m | €1.3m | €1.1m | €1.2m | ▲ 7.0% |
| Deferred charges and accrued income490/1 | - | €7,721 | €8,591 | €10,131 | €8,766 | ▼ 13.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.2m | €2.1m | €2.0m | €1.9m | ▼ 5.4% |
| Equity10/15 | €2.1m | €2.0m | €1.8m | €1.8m | €1.6m | ▼ 7.0% |
| Contributions10/11 | €123,947 | €123,947 | €123,947 | €123,947 | €61,500 | ▼ 50.4% |
| Capital10 | - | €123,947 | €123,947 | €123,947 | €61,500 | ▼ 50.4% |
| Issued capital100 | - | €123,947 | €123,947 | €123,947 | €61,500 | ▼ 50.4% |
| Reserves13 | €2.2m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Non-distributable reserves130/1 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Reserves not available under the articles1311 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Distributable reserves133 | - | €2.1m | €2.0m | €2.0m | €2.0m | = |
| Profit (loss) carried forward14 | -€180,920 | -€281,938 | -€352,396 | -€406,815 | -€469,000 | ▼ 15.3% |
| Amounts payable17/49 | €185,464 | €182,600 | €253,222 | €254,987 | €270,692 | ▲ 6.2% |
| Amounts payable within one year42/48 | €183,206 | €167,930 | €249,755 | €252,048 | €256,169 | ▲ 1.6% |
| Trade debts44 | €136,486 | €141,780 | €157,963 | €185,191 | €156,320 | ▼ 15.6% |
| Suppliers440/4 | - | €141,780 | €157,963 | €185,191 | €156,320 | ▼ 15.6% |
| Taxes, remuneration and social security45 | - | €26,150 | €41,792 | €66,857 | €37,402 | ▼ 44.1% |
| Taxes450/3 | - | - | €10,355 | €35,116 | €8,174 | ▼ 76.7% |
| Remuneration and social security454/9 | - | €26,150 | €31,437 | €31,741 | €29,228 | ▼ 7.9% |
| Other amounts payable47/48 | - | - | €50,000 | - | €62,447 | - |
| Accrued charges and deferred income492/3 | - | €14,670 | €3,467 | €2,939 | €14,523 | ▲ 394% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,491 | -€101,018 | -€70,458 | -€54,419 | -€62,186 | ▼ 14.3% |
| + Depreciation and write-downs630 | €10,331 | €10,085 | €5,101 | €63 | €534 | ▲ 748% |
| Operating cash flow (approximation) | -€34,160 | -€90,933 | -€65,357 | -€54,356 | -€61,652 | ▼ 13.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,540 | - |
| Change in cash | - | -€75,839 | -€590,156 | -€251,902 | €75,866 | ▲ 130% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€101,018
Net result drops to -€101,018, the lowest in the series; recovery starts the following year.
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-03
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 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Agatha-Berchem · 1 establishment unit since 1994
Ground area
1,415 m²
Building footprint
556 m²
Volume, LiDAR
4,138 m³
Parcel 21003A0338/00K002, Brussels · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Maria van Hongarijelaan 80, 1082 Sint-Agatha-Berchem
since 19942.068.371.382
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0338/00K002 | Brussels | 1,415 m² | 1 · 555 m² | 8.6 m · 3 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
Food safety, FASFC
1 siteSint-Agatha-Berchem2.068.371.382
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Of 332 companies in sector 46492 we hold annual accounts for 239. 140 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
Founded13-07-1994
Fiscal year end30-09
Activities, NACEBEL 2025
46492Wholesale trade
46499Wholesale of other household goods
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453084921
Also
9925:BE0453084921
Registered
10-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.