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Devine

Active Private limited company (pre-2019)founded 2013active for 13 yearsDrukpersstraat 4, 1000 BrusselsKBO/BCE: BE 0535.866.701
Devine
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Overview

Lifetime

12 annual accounts with figures on one time axis
peak €103,272 (2016)
-€16,391▲ €10,950
lowest -€100,123 (2015)
-€18,556▲ €9,980
peak €18,758 (2017)
-€88,168▼ €18,556
€128,369▲ 25.9%
Board3 names since 2018
1 director
Documentsfilings and deeds
02-09-202633 days late
2025abbreviated format
Gross margin from -€27,341 to -€16,391Loss of €18,556Equity from -€69,612 to -€88,168Debts from €101,962 to €128,369Cash from €11,624 to €5,622

Key points

from the 2025 annual accounts

Equity

-€88,168
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€106,926 in eight years
-7,0352018-2,8702019-26,4532020-6,8912021-8,1142022-8,4692023-28,5372024-18,5562025

Every financial year from 2018 to 2025 closed with a loss. 2024 was the heaviest.

Debts

€128,369 319% of the balance sheet
Suppliers 10%Taxes and wages 0%Other 89%

Filings

12 annual accounts since 2014
AprilJune31 JulyOctober201520202025

Five of the last ten came late. The 2017 accounts came latest: 688 days after the end of the period.

Position in the sector

-219.3%

Lower solvency than 95% of companies in real estate. Sector median 30.2% · 12,423 companies.

Turnover not published (abbreviated format)

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,909 companies had the same profile as Devine has now. Each dot stands for 18 companies, two years later.

85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.7% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 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 2.9% 3.1%
10 5.6% 6.1%

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 6,909 companies, not a prediction for Devine. 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 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

Board and ownership

Director, since 01-03-2023
Board & ownership

Recent changes

New director appointed, resigned · Permanent representative: · Director discharge: (director (not named in the articles)) · General meeting of 01-03-2023 · Gazette deed
New manager appointed, resigned · Director discharge: (manager) · General meeting of 29-03-2018 · Gazette deed
Registered office moved from Antwerp to Brussels New registered office: Drukpersstraat 4, 1000 Brussel, België · Previous registered office: De Keyserlei 5, 2018 Antwerpen · General meeting of 29-09-2015 · Gazette deed
Incorporation published on 02-07-2013 · Gazette deed
All 20 events

Comparable companies

same main activity, similar in size and age
Company
Devine Brussels - - -219.3% -
RENTACAB Molenbeek-Saint-Jean - - 78.8% -
Louvain la Neuve City Centre Ixelles €89,926 - -1709.3% -
Groot-Bijgaarden Centre Ixelles €240,165 0.1% -1042.5% -
BKK Schilde - - 91.7% -
CEFRA Aalst - - -5.7% -
EVRIPOS Liège - - -33.9% -

These companies have the same main activity as Devine: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €36,500 and €61,100, founded between 2013 and 2016.

Official details

Source: KBO
Status
Active since 18-06-2013Normal situation
Registered office
259 active companies are registered at this address6 started in the 12 months before. Source: KBO register, as of 12 November 2026.
Activity
Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
Establishment unit
2.258.358.5521000 Brussels, since 18-06-2013
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2025

-€16,391▲ 40.0%
€18,556▼ 35.0%
-€88,168▼ 26.7%
€40,201▲ 24.3%
Filing
Filed on 02-09-2026
Financials

Insights on Devine

Devine files the abbreviated format. That format states no turnover. The gross margin fell from -€46 in 2014 to -€16,391 in 2025.

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

Financials

Annual accounts 2025

abbreviated format, filed on 02-09-2026, 33 days late
-€16,391
▲ €10,950
-€17,082
▲ €11,031
-
-
-219.3%
▼ 4.1 percentage points
0.28
▲ 0.01

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance sheet

balance sheet total €40,201 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-219.3%

Lower than 95% of 12,423 companies in 2025.

0.28

Higher than 20% of 11,950 companies in 2025.

-46.2%

Lower than 95% of 12,326 companies in 2025.

Devine Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

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

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014
Balance sheet: assets
20/58 40,20132,35015,65313,62225,38430,88134,80220,976578,523614,465602,51613,134
20 ---------67432779
21/28 4,5374,5374,5374,5374,5374,5374,5374,537391,621413,157413,5891,217
21 -----------0
22 -----------0
23 -----------0
24 -----------0
26 -----------0
27 -----------0
28 4,5374,5374,5374,5374,5374,5374,5374,537391,621413,157413,157438
29/58 35,66427,81311,1169,08520,84726,34530,26516,439186,902201,241188,92711,917
290 -----------0
291 -----------0
3 -----------0
30/36 -----------0
37 -----------0
40/41 30,04216,1904,8523,8091,89418,37127,78011,232186,594176,500188,40011,900
40 01,113---------0
41 30,04215,0774,8523,8091,89418,37127,78011,232186,594176,500188,40011,900
50/53 -----------0
54/58 5,62211,6246,2645,27618,9535,588995,20730824,74152717
490/1 ----02,3862,386----0
Balance sheet: equity and liabilities
10/49 40,20132,35015,65313,62225,38430,88134,80220,976578,523614,465602,51613,134
10/15 -88,168-69,612-41,075-32,605-24,491-17,6008,85311,72318,75813,053-88,15911,963
10/11 12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
100 ------12,40012,40012,40018,60018,60018,600
101 ---------6,2006,2006,200
11 -----------0
1100/10 -----------0
12 -----------0
13 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,860--
130/1 1,8601,8601,8601,8601,8601,860------
130 ------1,8601,8601,8601,860-0
1311 1,8601,8601,8601,8601,8601,860------
1312 -----------0
1319 -----------0
132 -----------0
133 -----------0
14 -102,428-83,872-55,335-46,865-38,751-31,860-5,407-2,5374,498-1,207-100,559-437
15 -----------0
160/5 -----------0
168 -----------0
17/49 128,369101,96256,72846,22849,87548,48125,9509,253559,765601,412690,6751,171
175 -----------0
176 -----------0
178/9 -----------0
42/48 128,369101,96256,72846,22849,87548,48122,8974,951558,515588,952689,5501,171
42 -----------0
430/8 -----------0
439 -----------0
44 13,1786406006002,1543,4972,8871,20142412,65521,65746
440/4 13,1786406006002,1543,4972,8871,20142412,65521,65746
441 -----------0
46 -----------0
45 3513513513514,44421,55820,0103,7503,75013,769--
450/3 3513513513514,44421,55820,0103,7503,75013,769-0
454/9 -----------0
47/48 114,840100,97055,77645,27643,27623,426--554,342562,528667,8931,125
492/3 -----03,0534,3031,25012,4601,1250
Income statement
70 -----------0
76A -----------0
9900 -16,391-27,341-6,996-6,538-5,490-15,34217,630-3,69311,140103,272-82,143-46
60/61 -----------0
62 -----------0
630 --------67365346346
631/4 -----------0
635/8 -----------0
640/8 690772-01,2509,46818,4553,0001,2501,09217,2030
649 -----------0
66A -----------0
9901 -17,082-28,113-6,996-6,538-6,740-24,811-826-6,6939,824101,815-99,693-392
75/76B 01,048---------1
75 01,048---------1
65/66B 1,4751,4721,4731,5771511,2992,04434236826743046
65 1,4751,4721,4731,5771511,2992,04434236826743046
9903 -18,556-28,537-8,469-8,114-6,891-26,110-2,870-7,0359,456101,548-100,123-437
67/77 ----0343--3,750336-0
9904 -18,556-28,537-8,469-8,114-6,891-26,453-2,870-7,0355,706101,212-100,123-437
789 -----------0
689 -----------0
9905 -18,556-28,537-8,469-8,114-6,891-26,453-2,870-7,0355,706101,212-100,123-437
Appropriation of the result
9906 -102,428-83,872-55,335-46,865-38,751-31,860-5,407-2,5374,498653-100,559-437
14P -83,872-55,335-46,865-38,751-31,860-------
791/2 -----------0
691/2 ---------1,860--
691 -----------0
6920 ---------1,860-0
6921 -----------0
694 -----------0
695 -----------0
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 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 02-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 33 days after the deadline. Filed on 2 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00500679.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 02-09-2026 2026-00500679 PDF
31-12-2024 abbreviated format 31-08-2026 2026-00471468 PDF
31-12-2023 abbreviated format 08-07-2024 2024-00219330 PDF
31-12-2022 abbreviated format 14-07-2023 2023-00235626 PDF
31-12-2021 abbreviated format 19-07-2022 2022-20199576 PDF
31-12-2020 abbreviated format 20-07-2021 2021-38000110 PDF
31-12-2019 abbreviated format 13-07-2020 2020-28700486 PDF
31-12-2018 abbreviated format 02-07-2020 2020-24900419 PDF
31-12-2017 abbreviated format 18-06-2020 2020-18600383 PDF
31-12-2016 micro format 27-09-2017 2017-63100335 PDF
31-12-2015 abbreviated format 21-10-2016 2016-65900264 PDF
31-12-2014 abbreviated format 30-09-2015 2015-62400156 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014
--------9,890102,180-99,346-46
--------5,773101,577-99,776-90
0----0---21,469-67412,719438
-6,0025,360987-13,67713,3665,489-5,1084,899-24,43324,214509-
-92,705-74,148-45,612-37,142-29,028-22,1377,36811,488-371,613-387,711-500,62410,747
-219.3%-215.2%-262.4%-239.4%-96.5%-57.0%25.4%55.9%3.2%2.1%-14.6%91.1%
0.280.270.200.200.420.541.323.320.330.340.2710.18
------2.930.7929.8446.08-0.10
-------32.4%-60.0%30.4%775.4%--3.7%
-46.2%-88.2%-54.1%-59.6%-27.1%-85.7%-8.2%-33.5%1.0%16.5%-16.6%-3.3%

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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.

Investments

fixed assets acquired
Item20252024202320222021
Financial fixed assets€0----

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

Insights on Devine

The operating result for 2025 is a loss of €17,082, smaller than the loss of €28,113 in 2024.

Equity is negative. Debt (€128,369) exceeds the balance-sheet total (€40,201).

Board & ownership

Board

1 director, last change in 2023
Director (not named in the articles)
since 01-03-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 02-09-2026

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today

Director (not named in the articles)

Manager

Manager
BoardEarliermandate already running before its first mention
Mandates as a list
    • Director (not named in the articles), since before 31-12-2022
    • Manager, appointed by deed of 30-05-2018, until 01-03-2023
    • Manager, until 01-03-2018

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

Contribution
€12,400
Source
2025 annual accounts

Network & group

No group

Devine has no parent and no holdings in its annual accounts. is the only director. Devine shares no director with another company.

At the same address

Drukpersstraat 4, 1000 Brussels · 258 other companies
VAKANTIEPARK BELGIE 1
registered office since 12-03-1986 · founded in 1986
 turnover €11.2m (2025)
0428.648.740
VAKANTIEPARK BELGIE 2
registered office since 15-02-1981 · founded in 1978
 turnover €9.9m (2025)
0418.610.725
WFG HOLDING
registered office since 14-09-2021 · founded in 2021
 total assets €61.3m (2025)
0773.871.443
HERBALIFE INTERNATIONAL BELGIUM
registered office since 04-10-1993 · founded in 1993
 11 FTE (2025)
0450.875.596
BERNARD INNOVATION Belgique
registered office since 23-01-1998 · founded in 1997 · accounts filed late
 11 FTE (2025)
0462.272.207
PAJ LITERIE
registered office since 22-11-2021 · founded in 2021 · group PB INDUSTRIES
 turnover €1.1m (2025)
0777.567.044
COIL
registered office since 09-09-1992 · founded in 1992
 49 FTE (2025)
0448.204.633
INNOVA TAXFREE BELGIUM
registered office since 18-12-2014 · founded in 2014 · negative equity (2025)
 total assets €18.5m (2025)
0506.980.396
Mondello Immobilière Italo-Belge
registered office since 01-01-1968 · founded in 1968 · accounts filed late
 54 FTE (2025)
0403.399.145
CAF BELGIUM
registered office since 12-06-2018 · founded in 2018 · accounts filed late
 69 FTE (2024)
0697.837.794
and 248 more

Timeline

Timeline

20 events since 2013

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 33 days late
Annual accounts 2024 filed NBBabbreviated format · 396 days late
2024
Annual accounts 2023 filed PDFabbreviated format · 23 days before the deadline
2023
Annual accounts 2022 filed PDFabbreviated format · 17 days before the deadline
New director appointed, resigned · Permanent representative: · Director discharge: (director (not named in the articles)) · General meeting of 01-03-20235 points ▸
  • General meeting, 01-03-2023
  • Director resignation, (director (not named in the articles))
  • Director discharge, (director (not named in the articles))
  • Director appointment, (director (not named in the articles))
  • Permanent representative,

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2021 filed PDFabbreviated format · 12 days before the deadline
2021
Annual accounts 2020 filed PDFabbreviated format · 11 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 18 days before the deadline
Annual accounts 2018 filed PDFabbreviated format · 337 days late
Annual accounts 2017 filed PDFabbreviated format · 688 days late
2018
Liquidity more than 9 times current ratio 3.32 The current ratio rises from 0.33 to 3.32. Short-term debt falls from €558,515 to €4,951.
New manager appointed, resigned · Director discharge: (manager) · General meeting of 29-03-20184 points ▸
  • General meeting, 29-03-2018
  • Director resignation, (manager)
  • Director discharge, (manager)
  • Director appointment, (manager)

Open the deed in the Belgian Official Gazette

2017
Annual accounts 2016 filed PDFmicro format · 58 days late
2016
Back to profit net €101,212 The net result is €101,212, after 2 loss-making years.
Annual accounts 2015 filed PDFabbreviated format · 82 days late
2015
Weakest financial year net -€100,123 The net result drops to -€100,123, the lowest from 2014 to 2025. It recovers the following year.
Registered office moved from Antwerp to BrusselsNew registered office: Drukpersstraat 4, 1000 Brussel, België · Previous registered office: De Keyserlei 5, 2018 Antwerpen · General meeting of 29-09-20152 points ▸
  • General meeting, 29-09-2015
  • Registered-office move, Drukpersstraat 4, 1000 Brussel, België

Open the deed in the Belgian Official Gazette

Annual accounts 2014 filed PDFabbreviated format · 61 days late
2013
Incorporation PDFpublished on 02-07-2013
First establishment Drukpersstraat 4, Brussels

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

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Devine was incorporated on 18 June 2013.1 The registered office was moved to Brussels in 2015.2 Total assets rose from €20,976 in 2018 to €40,201 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 08-12-2015
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0535.866.701
VAT number
BE 0535.866.701
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
18-06-2013
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
Devine in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
68203 Renting and operating of own or leased non-residential real estate, excluding land main activity
Codes under NACEBEL 2008
68203 Real estate rental main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Drukpersstraat 4 registered office 1000 Brussels 7010001 Activities of head offices 18-06-2013 2.258.358.552
1 former office
  • De Keyserlei 5, 2018 Antwerpen until 29-09-2015 · deed of 08-12-2015

Buildings and parcels at the address

Ground area
100 m²
Buildings
99 m²
Volume, LiDAR
2,129 m³
Tallest building
23.6 m
Buildings to scale, each on its own parcel
99 m², 23.6 m 99 m², 23.6 m

Location

registered office establishment The establishment unit on the map
259 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21803C0244/00A002100 m² 1 · 99 m² 23.6 m · 8

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Register as of 12 November 2026 · Peppol Directory

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