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DEVIMCO RE

Active Risk: not assessed
Private limited companyfounded 200521 yrs activeHugo Verriestlaan(Kor) 128, 8500 Kortrijk, BelgiumKBO/BCE: BE 0872.025.149
Summary

DEVIMCO RE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €266,992 and a net result of €12,912. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 2463 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-02-2026, 16 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
16 d late
2024
2 d early
2023
5 d early
2022
1 d early
2021
4 d late
2020
2 d early
2019
59 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 7 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 21 February 2005, DEVIMCO RE was incorporated.1 Total assets went from EUR 334,245 in 2019 to EUR 318,330 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€266,992▲ 4.7%
2024 · €254,913
Net result
€12,912▼ 61.5%
2024 · €33,529
Total assets
€318,330▼ 13.4%
2024 · €367,629
Solvency
83.9%▲ 14.5pp
2024 · 69.3%
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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€23,622▼ 17.3%€80,682▲ 242%€64,394▼ 20.2%€47,916▼ 25.6%€20,979▼ 56.2%
Net result€13,068within the sector's middle half▼ 32.5%€53,783within the sector's middle half▲ 312%€31,037within the sector's middle half▼ 42.3%€33,529within the sector's middle half▲ 8.0%€12,912within the sector's middle half▼ 61.5%
Equity€153,829within the sector's middle half▲ 8.7%€205,813within the sector's middle half▲ 33.8%€227,050within the sector's middle half▲ 10.3%€254,913within the sector's middle half▲ 12.3%€266,992within the sector's middle half▲ 4.7%
Total assets€306,972below the sector's middle half▼ 4.0%€358,825below the sector's middle half▲ 16.9%€464,758within the sector's middle half▲ 29.5%€367,629within the sector's middle half▼ 20.9%€318,330within the sector's middle half▼ 13.4%
Debt€153,142▼ 14.1%€153,012▼ 0.1%€237,708▲ 55.4%€112,716▼ 52.6%€51,338▼ 54.5%
Working capital€53,659within the sector's middle half▲ 19.8%€100,849within the sector's middle half▲ 87.9%€141,400within the sector's middle half▲ 40.2%€169,204within the sector's middle half▲ 19.7%€182,864above the sector's middle half▲ 8.1%
Solvency50.1%within the sector's middle half▲ 5.8pp57.4%within the sector's middle half▲ 7.2pp48.9%within the sector's middle half▼ 8.5pp69.3%within the sector's middle half▲ 20.5pp83.9%above the sector's middle half▲ 14.5pp
Current ratio1.58within the sector's middle half▲ 0.171.97within the sector's middle half▲ 0.401.71within the sector's middle half▼ 0.263.19within the sector's middle half▲ 1.479.84above the sector's middle half▲ 6.65
Return on assets (ROA)4.3%within the sector's middle half▼ 1.8pp15.0%within the sector's middle half▲ 10.7pp6.7%within the sector's middle half▼ 8.3pp9.1%within the sector's middle half▲ 2.4pp4.1%within the sector's middle half▼ 5.1pp
above within below the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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
€0€25,000€50,000€75,000Operating result 2021: €23,622€23,622Net result 2021: €13,068€13,068Operating result 2022: €80,682€80,682Net result 2022: €53,783€53,783Operating result 2023: €64,394€64,394Net result 2023: €31,037€31,037Operating result 2024: €47,916€47,916Net result 2024: €33,529€33,529Operating result 2025: €20,979€20,979Net result 2025: €12,912€12,91220212022202320242025€0€20,000€40,000€60,000Operating result 2023: €64,394€64,400Net result 2023: €31,037€31,000Operating result 2024: €47,916€47,900Net result 2024: €33,529€33,500Operating result 2025: €20,979€21,000Net result 2025: €12,912€12,900202320242025
The operating result has fallen three years in a row; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318,330
Fixed assets €114,774 ▼ 5.2%
Current assets €203,556 ▼ 17.4%
Equity and liabilities €318,330
Equity €266,992 ▲ 4.7%
Debt €51,338 ▼ 54.5%
Debt's share of the balance-sheet total falls from 30.7% to 16.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
4.8%▼
2024 · 13.2%
Debt ≤ 1 year
€20,692▼
2024 · €77,345
Debt > 1 year
€30,118▼
2024 · €34,865
Income taxes
€7,739▼
2024 · €13,210
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet Code20242025
Assets
Total assets20/58€367,629€318,330▼
Fixed assets21/28€121,079€114,774▼
Tangible fixed assets22/27€121,079€114,774▼
Land and buildings22€118,688€112,983▼
Furniture and vehicles24€2,391€1,791▼
Current assets29/58€246,550€203,556▼
Amounts receivable within one year40/41€93,647€47,388▼
Trade receivables40€86,630€27,283▼
Other amounts receivable41€7,017€20,105▲
Cash at bank and in hand54/58€150,112€153,540▲
Deferred charges and accrued income490/1€2,791€2,627▼
Equity and liabilities
Total equity and liabilities10/49€367,629€318,330▼
Equity10/15€254,913€266,992▲
Contributions10/11€18,600€18,600=
Reserves13€235,500€248,000▲
Distributable reserves133€235,500€248,000▲
Profit (loss) carried forward14€813€392▼
Amounts payable17/49€112,716€51,338▼
Amounts payable after more than one year17€34,865€30,118▼
Financial debts170/4€32,690€27,943▼
Other amounts payable178/9€2,175€2,175=
Amounts payable within one year42/48€77,345€20,692▼
Current portion of amounts payable after more than one year42€5,501€5,175▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€38,826€6,202▼
Suppliers440/4€38,826€6,202▼
Taxes, remuneration and social security45€10,916€8,482▼
Taxes450/3€10,916€8,482▼
Other amounts payable47/48€22,102€833▼
Accrued charges and deferred income492/3€505€528▲
Income statement Code20242025
Non-recurring operating income76A€10,500€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,218€6,305▲
Other operating charges640/8€1,689€2,201▲
Gross operating margin9900€55,823€29,485▼
Operating profit (loss)9901€47,916€20,979▼
Financial income75/76B€370€652▲
Recurring financial income75€370€652▲
Financial charges65/66B€1,546€979▼
Recurring financial charges65€1,546€979▼
Profit (loss) for the period before taxes9903€46,739€20,651▼
Income taxes67/77€13,210€7,739▼
Profit (loss) for the period9904€33,529€12,912▼
Profit (loss) for the period to be appropriated9905€33,529€12,912▼
Appropriation of the result
Profit (loss) to be appropriated9906€34,219€13,725▼
Profit (loss) brought forward from the previous period14P€690€813▲
Transfer from equity791/2€1,760€0▼
Transfer to equity691/2€29,500€12,500▼
To other reserves6921€29,500€12,500▼
Profit to be distributed694/7€5,666€833▼
Return on contributions (dividend)694€1,666€833▼
Directors or managers695€4,000€0▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A---€10,500€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,413€7,367€7,056€6,218€6,305▲ 1.4%
Other operating charges640/8-€3,789€3,846€1,689€2,201▲ 30.4%
Non-recurring operating charges66A-€0----
Gross operating margin9900€44,789€91,838€75,295€55,823€29,485▼ 47.2%
Operating profit (loss)9901€23,622€80,682€64,394€47,916€20,979▼ 56.2%
Financial income75/76B-€1,034€755€370€652▲ 76.4%
Recurring financial income75€758€1,034€755€370€652▲ 76.4%
Financial charges65/66B-€2,374€14,873€1,546€979▼ 36.7%
Recurring financial charges65€2,568€2,374€14,873€1,546€979▼ 36.7%
Profit (loss) for the period before taxes9903€21,812€79,342€50,276€46,739€20,651▼ 55.8%
Income taxes67/77€8,744€25,559€19,238€13,210€7,739▼ 41.4%
Profit (loss) for the period9904€13,068€53,783€31,037€33,529€12,912▼ 61.5%
Transfer from tax-exempt reserves789-€18,750€0---
Profit (loss) for the period to be appropriated9905€13,068€72,533€31,037€33,529€12,912▼ 61.5%
Line20212022202320242025Change
Assets
Total assets20/58€306,972€358,825€464,758€367,629€318,330▼ 13.4%
Fixed assets21/28€160,595€154,423€125,047€121,079€114,774▼ 5.2%
Tangible fixed assets22/27€138,275€132,103€125,047€121,079€114,774▼ 5.2%
Land and buildings22-€130,099€124,393€118,688€112,983▼ 4.8%
Furniture and vehicles24-€2,004€654€2,391€1,791▼ 25.1%
Financial fixed assets28€22,320€22,320€0---
Current assets29/58€146,377€204,401€339,711€246,550€203,556▼ 17.4%
Amounts receivable within one year40/41€49,557€47,387€18,590€93,647€47,388▼ 49.4%
Trade receivables40-€35,581€14,603€86,630€27,283▼ 68.5%
Other amounts receivable41-€11,806€3,988€7,017€20,105▲ 187%
Cash at bank and in hand54/58€92,886€147,852€316,233€150,112€153,540▲ 2.3%
Deferred charges and accrued income490/1-€9,163€4,887€2,791€2,627▼ 5.8%
Equity and liabilities
Total equity and liabilities10/49€306,972€358,825€464,758€367,629€318,330▼ 13.4%
Equity10/15€153,829€205,813€227,050€254,913€266,992▲ 4.7%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€133,510€186,760€207,760€235,500€248,000▲ 5.3%
Non-distributable reserves130/1-€1,860€0---
Reserves not available under the articles1311-€1,860€0---
Tax-exempt reserves132-€0----
Distributable reserves133-€184,900€207,760€235,500€248,000▲ 5.3%
Profit (loss) carried forward14€1,719€453€690€813€392▼ 51.8%
Amounts payable17/49€153,142€153,012€237,708€112,716€51,338▼ 54.5%
Amounts payable after more than one year17€59,425€48,864€38,891€34,865€30,118▼ 13.6%
Financial debts170/4-€48,864€38,891€32,690€27,943▼ 14.5%
Other amounts payable178/9---€2,175€2,175=
Amounts payable within one year42/48€92,719€103,552€198,311€77,345€20,692▼ 73.2%
Current portion of amounts payable after more than one year42-€10,562€4,972€5,501€5,175▼ 5.9%
Financial debts43-€479€479€0--
Credit institutions430/8-€479€479€0--
Trade debts44€29,714€35,524€24,510€38,826€6,202▼ 84.0%
Suppliers440/4-€35,524€24,510€38,826€6,202▼ 84.0%
Taxes, remuneration and social security45-€15,971€14,324€10,916€8,482▼ 22.3%
Taxes450/3-€15,971€14,324€10,916€8,482▼ 22.3%
Other amounts payable47/48-€41,017€154,026€22,102€833▼ 96.2%
Accrued charges and deferred income492/3-€596€505€505€528▲ 4.4%
Line20212022202320242025Change
Profit (loss) for the period9904€13,068€53,783€31,037€33,529€12,912▼ 61.5%
+ Depreciation and write-downs630€7,413€7,367€7,056€6,218€6,305▲ 1.4%
Operating cash flow (approximation)€20,481€61,150€38,093€39,747€19,217▼ 51.7%
Investment in fixed assets (approximation)--€1,195€22,320-€2,250€0▲ 100%
Change in cash-€54,965€168,381-€166,121€3,428▲ 102%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
16-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
30-06
Financial Liquidity triplescurrent ratio 9.84
Current ratio from 3.19 to 9.84; short-term debt falls from €77,345 to €20,692.
29-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial Highest result since 2019net €53,783 ▲312%
Operating result €80,682, net result €53,783, both a record.
30-06
Financial Equity above €200,000Eq €205,813 ▲33.8%
4 profitable years in a row build equity to €205,813.
04-02
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
30-06
Financial Equity above €150,000Eq €153,829 ▲8.7%
3 profitable years in a row build equity to €153,829.
29-01
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
03-12
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-11
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-11
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
20-01
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 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
331 m²
Building footprint
103 m²
Volume, LiDAR
1,059 m³
Parcel 34353B0212/00R008, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DEVIMCO
Hugo Verriestlaan(Kor) 128, 8500 KortrijkNACE 67130
since 20052.145.921.201
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34353B0212/00R008 Flanders 331 m² 1 · 103 m² 14.7 m · 4 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-06-2022 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 30-06-2022 of DEVIMCO RE 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.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 280 EUR awarded · 280 EUR paid
Year Entries awardedpaid
2025 1 203 EUR203 EUR
2024 1 77 EUR77 EUR
Schemes
2 entries · 280 EUR · 280 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 1,507 companies in sector 66199 we hold annual accounts for 923. 637 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
Founded21-02-2005
Fiscal year end30-06
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68110Buying and selling of own real estate
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID 0208:0872025149
Also 9925:BE0872025149
Registered 23-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.