DEVICON
ActiveSummary
DEVICON has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €292,472 and a net result of €6,988. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 1040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-40
Solvency95▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.16 in 2024; short-term debt: 26.3% and cash: 0.4% of total assets), and 29.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
70.4%
Return on assets
1.7%
Age of the figures
12 mo
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 20-04-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
29 d early
2023
20 d early
2022
32 d early
2021
39 d early
2020
1 d early
2019
38 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 24 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€292,472▲ 2.4%
2024 · €285,483
Total assets
€415,249▼ 6.0%
2024 · €441,916
Net result
€6,988▼ 84.9%
2024 · €46,250
Working capital
-€93,921▲ 19.9%
2024 · -€117,239
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€67,536▼ 8.5%€33,597▼ 50.3%€52,394▲ 55.9%€54,460▲ 3.9%€12,938▼ 76.2%
Net result€57,244within the sector's middle half▲ 12.3%€30,504within the sector's middle half▼ 46.7%€43,517within the sector's middle half▲ 42.7%€46,250within the sector's middle half▲ 6.3%€6,988within the sector's middle half▼ 84.9%
Equity€300,489within the sector's middle half▲ 14.7%€299,193within the sector's middle half▼ 0.4%€300,221within the sector's middle half▲ 0.3%€285,483within the sector's middle half▼ 4.9%€292,472within the sector's middle half▲ 2.4%
Total assets€477,776below the sector's middle half▼ 4.4%€447,190below the sector's middle half▼ 6.4%€420,619below the sector's middle half▼ 5.9%€441,916below the sector's middle half▲ 5.1%€415,249below the sector's middle half▼ 6.0%
Debt€177,286▼ 25.4%€147,996▼ 16.5%€120,398▼ 18.6%€156,433▲ 29.9%€122,777▼ 21.5%
Working capital-€99,554▲ 27.7%-€101,776▼ 2.2%-€101,077▲ 0.7%-€117,239▼ 16.0%-€93,921▲ 19.9%
Solvency62.9%within the sector's middle half▲ 10.4pp66.9%above the sector's middle half▲ 4.0pp71.4%above the sector's middle half▲ 4.5pp64.6%within the sector's middle half▼ 6.8pp70.4%above the sector's middle half▲ 5.8pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €415,249
Fixed assets
€399,966 ▼ 4.8%
Current assets
€15,283 ▼ 29.7%
Equity and liabilities €415,249
Equity
€292,472 ▲ 2.4%
Debt
€122,777 ▼ 21.5%
Debt's share of the balance-sheet total falls from 35.4% to 29.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.14▼
2024 · 0.16
Debt to equity
0.42▼
2024 · 0.55
ROE
2.4%▼
2024 · 16.2%
ROA
1.7%▼
2024 · 10.5%
Debt ≤ 1 year
€109,204▼
2024 · €138,984
Debt > 1 year
€12,302▼
2024 · €15,992
Income taxes
€2,664▼
2024 · €5,364
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €45 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €1,552 | - | - |
| Other operating charges640/8 | - | €460 | €499 | €890 | €585 | ▼ 34.3% |
| Gross operating margin9900 | €67,995 | €34,056 | €52,894 | €56,902 | €13,523 | ▼ 76.2% |
| Operating profit (loss)9901 | €67,536 | €33,597 | €52,394 | €54,460 | €12,938 | ▼ 76.2% |
| Financial income75/76B | - | - | - | €85 | €88 | ▲ 3.8% |
| Recurring financial income75 | €3,995 | - | - | €85 | €88 | ▲ 3.8% |
| Financial charges65/66B | - | €2,716 | €2,128 | €2,930 | €3,373 | ▲ 15.1% |
| Recurring financial charges65 | €4,976 | €2,716 | €2,128 | €2,930 | €3,373 | ▲ 15.1% |
| Profit (loss) for the period before taxes9903 | €66,555 | €30,881 | €50,266 | €51,614 | €9,652 | ▼ 81.3% |
| Income taxes67/77 | €9,310 | €377 | €6,750 | €5,364 | €2,664 | ▼ 50.3% |
| Profit (loss) for the period9904 | €57,244 | €30,504 | €43,517 | €46,250 | €6,988 | ▼ 84.9% |
| Profit (loss) for the period to be appropriated9905 | €57,244 | €30,504 | €43,517 | €46,250 | €6,988 | ▼ 84.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €477,776 | €447,190 | €420,619 | €441,916 | €415,249 | ▼ 6.0% |
| Fixed assets21/28 | €402,966 | €402,966 | €402,966 | €420,171 | €399,966 | ▼ 4.8% |
| Tangible fixed assets22/27 | - | - | - | €17,205 | - | - |
| Furniture and vehicles24 | - | - | - | €17,205 | - | - |
| Financial fixed assets28 | €402,966 | €402,966 | €402,966 | €402,966 | €399,966 | ▼ 0.7% |
| Current assets29/58 | €74,810 | €44,224 | €17,653 | €21,745 | €15,283 | ▼ 29.7% |
| Amounts receivable within one year40/41 | €52,750 | €26,625 | - | €1,961 | €13,607 | ▲ 594% |
| Trade receivables40 | - | €17,000 | - | €1,040 | €2,510 | ▲ 141% |
| Other amounts receivable41 | - | €9,625 | - | €921 | €11,097 | ▲ 1,105% |
| Cash at bank and in hand54/58 | €21,787 | €17,300 | €17,326 | €18,851 | €1,675 | ▼ 91.1% |
| Deferred charges and accrued income490/1 | - | €298 | €328 | €934 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €477,776 | €447,190 | €420,619 | €441,916 | €415,249 | ▼ 6.0% |
| Equity10/15 | €300,489 | €299,193 | €300,221 | €285,483 | €292,472 | ▲ 2.4% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €239,672 | €239,672 | €240,699 | €208,511 | €208,511 | = |
| Non-distributable reserves130/1 | - | €1,920 | €1,920 | €1,920 | €1,920 | = |
| Reserves not available under the articles1311 | - | €1,920 | €1,920 | €1,920 | €1,920 | = |
| Distributable reserves133 | - | €237,752 | €238,779 | €206,591 | €206,591 | = |
| Profit (loss) carried forward14 | €48,417 | €47,121 | €47,122 | €64,572 | €71,561 | ▲ 10.8% |
| Amounts payable17/49 | €177,286 | €147,996 | €120,398 | €156,433 | €122,777 | ▼ 21.5% |
| Amounts payable after more than one year17 | - | - | - | €15,992 | €12,302 | ▼ 23.1% |
| Financial debts170/4 | - | - | - | €15,992 | €12,302 | ▼ 23.1% |
| Amounts payable within one year42/48 | €174,364 | €146,000 | €118,731 | €138,984 | €109,204 | ▼ 21.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,449 | €3,690 | ▲ 7.0% |
| Financial debts43 | - | €3,356 | - | €1,690 | - | - |
| Other loans439 | - | €3,356 | - | €1,690 | - | - |
| Trade debts44 | €3,121 | €2,689 | €2,511 | €2,231 | €2,187 | ▼ 1.9% |
| Suppliers440/4 | - | €2,689 | €2,511 | €2,231 | €2,187 | ▼ 1.9% |
| Taxes, remuneration and social security45 | - | €6,852 | €11,436 | €4,435 | - | - |
| Taxes450/3 | - | €6,852 | €11,436 | €4,435 | - | - |
| Other amounts payable47/48 | - | €133,103 | €104,784 | €127,180 | €103,327 | ▼ 18.8% |
| Accrued charges and deferred income492/3 | - | €1,997 | €1,668 | €1,457 | €1,271 | ▼ 12.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,244 | €30,504 | €43,517 | €46,250 | €6,988 | ▼ 84.9% |
| + Depreciation and write-downs630 | - | - | - | €1,552 | - | - |
| Operating cash flow (approximation) | €57,244 | €30,504 | €43,517 | €47,802 | €6,988 | ▼ 85.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€18,757 | €20,205 | ▲ 208% |
| Change in cash | - | -€4,487 | €25 | €1,525 | -€17,175 | ▼ 1,226% |
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
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €6,988 ▼84.9%
Net result drops to €6,988, the lowest in the series.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €57,244 ▲12.3%
Net result €57,244, the highest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €200,000Eq €220,850 ▲21%
2 profitable years in a row build equity to €220,850.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-03
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, Harelbeke · 1 establishment unit since 2005
Ground area
2,428 m²
Building footprint
1,573 m²
Volume, LiDAR
11,400 m³
2 parcels, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DEVICON
since 20052.150.133.672
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322B0667/00L000 | Flanders | 1,999 m² | 1 · 1,139 m² | 7.4 m · 2 fl. |
| 34022E0024/00L022 | Flanders | 429 m² | 1 · 435 m² | 14.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 30-09-2025 of DEVICON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,146. 1,647 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-09-2005
Fiscal year end30-09
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876112215
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.