DEVINCK NICK
ActiveSummary
DEVINCK NICK has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €671k and a net result of €131k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-7
Solvency86▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.95 against 2.81 in 2024; short-term debt: 17% and cash: 27.2% of total assets), and 39.1% 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 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
60.9%
Return on assets
11.9%
Age of the figures
9 mo
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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d early
2023
44 d early
2022
96 d early
2021
95 d early
2020
99 d early
2019
44 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€671k▲ 18.0%
2024 · €568k
Total assets
€1.10M▲ 8.1%
2024 · €1.02M
Net result
€131k▼ 29.4%
2024 · €185k
Working capital
€366k▲ 22.0%
2024 · €300k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€158k▲ 149%€202k▲ 27.5%€97k▼ 52.2%€285k▲ 195%€200k▼ 29.7%
Net result€111k▲ 162%€136k▲ 22.6%€67k▼ 50.5%€185k▲ 176%€131k▼ 29.4%
Equity€290k▲ 28.2%€351k▲ 21.2%€403k▲ 14.8%€568k▲ 41.0%€671k▲ 18.0%
Total assets€501k▲ 28.0%€564k▲ 12.5%€803k▲ 42.4%€1.02M▲ 26.9%€1.10M▲ 8.1%
Debt€212k▲ 27.7%€213k▲ 0.5%€400k▲ 87.8%€450k▲ 12.6%€426k▼ 5.5%
Working capital€159k▲ 73.9%€231k▲ 45.4%€169k▼ 26.9%€300k▲ 77.3%€366k▲ 22.0%
Staff (FTE)4.7▲ 51.6%4.8▲ 2.1%4.8=4.3▼ 10.4%4.4▲ 2.3%
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 falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€548k ▼ 0.8%
Current assets
€553k ▲ 18.8%
Equity and liabilities €1.10M
Equity
€671k ▲ 18.0%
Provisions
€5k
Debt
€426k ▼ 5.5%
Debt's share of the balance-sheet total falls from 44.2% to 38.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€277k▼
2024 · €363k
Cash flow
€207k▼
2024 · €263k
Current ratio
2.95▲
2024 · 2.81
Quick ratio
2.94▲
2024 · 2.80
Debt to equity
0.63▼
2024 · 0.79
ROE
19.5%▼
2024 · 32.6%
ROA
11.9%▼
2024 · 18.2%
Interest coverage
14.06▼
2024 · 17.69
Debt ≤ 1 year
€188k▲
2024 · €166k
Debt > 1 year
€238k▼
2024 · €284k
Income taxes
€51k▼
2024 · €84k
Staff costs
€334k▲
2024 · €297k
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 | €4k | €2k | - | €9k | €25k | ▲ 194% |
| Remuneration, social security and pensions62 | €202k | €239k | €273k | €297k | €334k | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €47k | €61k | €78k | €77k | ▼ 2.0% |
| Other operating charges640/8 | €6k | €6k | €45k | €17k | €6k | ▼ 61.4% |
| Non-recurring operating charges66A | €2k | - | €3k | €3k | €0 | ▼ 100% |
| Gross operating margin9900 | €404k | €494k | €479k | €680k | €618k | ▼ 9.2% |
| Operating profit (loss)9901 | €158k | €202k | €97k | €285k | €200k | ▼ 29.7% |
| Financial income75/76B | €2k | €499 | €12k | €5k | €7k | ▲ 60.4% |
| Recurring financial income75 | €2k | €499 | €12k | €5k | €7k | ▲ 60.4% |
| Financial charges65/66B | €6k | €6k | €14k | €21k | €20k | ▼ 4.0% |
| Recurring financial charges65 | €6k | €6k | €14k | €21k | €20k | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | €154k | €197k | €94k | €269k | €188k | ▼ 30.2% |
| Transfer from deferred taxes780 | - | - | - | - | €843 | - |
| Transfer to deferred taxes680 | - | - | - | - | €6k | - |
| Income taxes67/77 | €43k | €61k | €27k | €84k | €51k | ▼ 38.4% |
| Profit (loss) for the period9904 | €111k | €136k | €67k | €185k | €131k | ▼ 29.4% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €3k | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €19k | - |
| Profit (loss) for the period to be appropriated9905 | €111k | €136k | €67k | €185k | €115k | ▼ 38.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €501k | €564k | €803k | €1.02M | €1.10M | ▲ 8.1% |
| Fixed assets21/28 | €268k | €251k | €551k | €553k | €548k | ▼ 0.8% |
| Tangible fixed assets22/27 | €268k | €248k | €546k | €547k | €548k | ▲ 0.2% |
| Land and buildings22 | €108k | €101k | €401k | €383k | €384k | = |
| Plant, machinery and equipment23 | €7k | €7k | €8k | €65k | €86k | ▲ 31.3% |
| Furniture and vehicles24 | €109k | €105k | €106k | €77k | €67k | ▼ 13.8% |
| Leasing and similar rights25 | €42k | €34k | €30k | €21k | €12k | ▼ 43.8% |
| Financial fixed assets28 | - | €3k | €5k | €6k | €535 | ▼ 91.2% |
| Current assets29/58 | €234k | €313k | €252k | €466k | €553k | ▲ 18.8% |
| Stocks and contracts in progress3 | - | €3k | €1k | €1k | €3k | ▲ 73.0% |
| Stocks30/36 | - | €3k | €1k | €1k | €3k | ▲ 73.0% |
| Amounts receivable within one year40/41 | €55k | €149k | €91k | €174k | €240k | ▲ 38.5% |
| Trade receivables40 | €22k | €120k | €56k | €140k | €208k | ▲ 48.9% |
| Other amounts receivable41 | €33k | €29k | €35k | €34k | €32k | ▼ 4.5% |
| Current investments50/53 | €126k | €140k | €111k | - | - | - |
| Cash at bank and in hand54/58 | €53k | €20k | €46k | €291k | €299k | ▲ 2.9% |
| Deferred charges and accrued income490/1 | €165 | - | €2k | €265 | €11k | ▲ 4,202% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €501k | €564k | €803k | €1.02M | €1.10M | ▲ 8.1% |
| Equity10/15 | €290k | €351k | €403k | €568k | €671k | ▲ 18.0% |
| Contributions10/11 | €12k | €1 | €1 | €1 | €1 | = |
| Reserves13 | €277k | €351k | €403k | €568k | €671k | ▲ 18.0% |
| Tax-exempt reserves132 | - | - | - | - | €16k | - |
| Distributable reserves133 | €277k | €351k | €403k | €568k | €654k | ▲ 15.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | - | - | - | - | €5k | - |
| Deferred taxes168 | - | - | - | - | €5k | - |
| Amounts payable17/49 | €212k | €213k | €400k | €450k | €426k | ▼ 5.5% |
| Amounts payable after more than one year17 | €123k | €81k | €306k | €284k | €238k | ▼ 16.0% |
| Financial debts170/4 | €123k | €81k | €306k | €284k | €238k | ▼ 16.0% |
| Amounts payable within one year42/48 | €75k | €81k | €83k | €166k | €188k | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | €35k | €38k | €52k | €49k | €46k | ▼ 8.0% |
| Financial debts43 | - | - | - | €25k | €25k | = |
| Credit institutions430/8 | - | - | - | €25k | €25k | = |
| Trade debts44 | €18k | €12k | €6k | €77k | €89k | ▲ 16.6% |
| Suppliers440/4 | €18k | €12k | €6k | €77k | €89k | ▲ 16.6% |
| Advances received on contracts in progress46 | - | - | - | €1k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €13k | €17k | €10k | €9k | €23k | ▲ 157% |
| Taxes450/3 | €3k | €14k | - | €6k | €20k | ▲ 237% |
| Remuneration and social security454/9 | €9k | €3k | €10k | €3k | €3k | ▼ 0.5% |
| Other amounts payable47/48 | €10k | €15k | €15k | €5k | €5k | ▲ 0.8% |
| Accrued charges and deferred income492/3 | €14k | €51k | €11k | €789 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €111k | €136k | €67k | €185k | €131k | ▼ 29.4% |
| + Depreciation and write-downs630 | €36k | €47k | €61k | €78k | €77k | ▼ 2.0% |
| Operating cash flow (approximation) | €147k | €182k | €128k | €263k | €207k | ▼ 21.2% |
| Investment in fixed assets (approximation) | - | €-31k | €-360k | €-80k | €-72k | ▲ 10.5% |
| Change in cash | - | €-32k | €26k | €244k | €8k | ▼ 96.5% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €185k ▲176%
Operating result €285k, net result €185k, both a record.
31-12
Financial
Equity above €500kEq €568k ▲41%
7 profitable years in a row build equity to €568k.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €226k ▲23%
3 profitable years in a row build equity to €226k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €28k ▼30.2%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Bredene · 1 establishment unit since 2009
Ground area
361 m²
Building footprint
115 m²
Volume, LiDAR
737 m³
Parcel 35302D0065/00N000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
DEVINCK NICK
since 20092.181.651.447
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35302D0065/00N000 | Flanders | 361 m² | 1 · 115 m² | 8.8 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 4,824 EUR awarded · 4,747 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,324 EUR | 3,247 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 7 endedAfwerking bouw duaal (so)
Vloerder - tegelzetter duaal (so)
Show 7 ended approvals
Medewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Tegelzetter (so)
Tegelzetter (so)
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 4,010 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
Founded22-09-2009
Fiscal year end31-12
Legal name NL
Solid Core Management
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43110Demolition
43223Specialised construction activities
43230Insulation installation
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43341Painting of buildings
43410Roofing work
43422Screed work
43910Bricklaying and masonry work
Contact
Website
www.nickdevinck.be
E-mail
info@nickdevinck.be
Scores and ratios are computed by Checked and are not a credit decision.