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Devinity

Active
Private limited companyfounded 20205 yrs activeVictor Rauterstraat 31, 1070 Anderlecht, BelgiumKBO/BCE: BE 0757.651.954
Summary

Devinity has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€1.1m) and a net result of -€354,388. Equity is shrinking by ~84.1% per year across the filed fiscal years. Its solvency ranks better than 8% of 2834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.13 in 2023; short-term debt: 153.3% and cash: 7% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-78.7%
Return on assets
-26%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€1.1m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
31 d late
2022
60 d late
2021
60 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
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

Devinity was incorporated on 30 October 2020 as a Private limited company.1 Total assets fell from EUR 1.6 million in 2021 to EUR 1.4 million in 2024 and headcount from 7 to 5 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, abbreviated schema

Turnover
€0
2021 · €0
Total assets
€1.4m▼ 6.1%
2023 · €1.4m
Net result
-€354,388▲ 34.8%
2023 · -€543,476
Working capital
-€1.8m▲ 3.8%
2023 · -€1.8m
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
Line2021202220232024
Turnover€0-€0
Operating result€31,285--€209,846-€534,315▼ 155%-€348,659▲ 34.7%
Net result€18,459--€210,683-€543,476▼ 158%-€354,388▲ 34.8%
Equity€38,459--€172,224-€715,700▼ 316%-€1.1m▼ 49.5%
Total assets€1.6m-€1.7m▲ 2.5%€1.4m▼ 14.1%€1.4m▼ 6.1%
Debt€1.6m-€1.9m▲ 15.7%€2.2m▲ 16.5%€2.4m▲ 12.3%
Working capital-€780,927--€1.2m▼ 56.9%-€1.8m▼ 50.1%-€1.8m▲ 3.8%
Staff (FTE)7-7=7=5▼ 28.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€600,000-€400,000-€200,000€0Operating result 2021: €31,285€31,285Net result 2021: €18,459€18,459Operating result 2022: -€209,846-€209,846Net result 2022: -€210,683-€210,683Operating result 2023: -€534,315-€534,315Net result 2023: -€543,476-€543,476Operating result 2024: -€348,659-€348,659Net result 2024: -€354,388-€354,3882021202220232024-€600,000-€400,000-€200,000€0Operating result 2022: -€209,846-€210,000Net result 2022: -€210,683-€211,000Operating result 2023: -€534,315-€534,000Net result 2023: -€543,476-€543,000Operating result 2024: -€348,659-€349,000Net result 2024: -€354,388-€354,000202220232024
The operating result stays negative: a loss of €348,659 in 2024 against €534,315 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets €1.0m ▼ 11.3%
Current assets €315,706 ▲ 16.4%
Key figures and ratios
2024 value · change against 2023
EBITDA
-€44,711▲
2023 · -€284,759
Cash flow
-€50,440▲
2023 · -€293,920
Solvency
-78.7%▼
2023 · -49.4%
Current ratio
0.15▲
2023 · 0.13
Debt to equity
-2.27▲
2023 · -3.02
ROA
-26.0%▲
2023 · -37.5%
Interest coverage
-9.12▲
2023 · -37.77
Debt ≤ 1 year
€2.1m▼
2023 · €2.1m
Debt > 1 year
€333,339▲
2023 · €53,339
Income taxes
€837▼
2023 · €1,621
Staff costs
€306,665▼
2023 · €308,922
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 · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.4m€1.4m▼
Fixed assets21/28€1.2m€1.0m▼
Intangible fixed assets21€1.1m€1.0m▼
Tangible fixed assets22/27€55,970€44,405▼
Plant, machinery and equipment23€54,837€37,141▼
Furniture and vehicles24€1,133€7,264▲
Current assets29/58€271,183€315,706▲
Amounts receivable within one year40/41€112,626€154,347▲
Trade receivables40€112,247€147,180▲
Other amounts receivable41€379€7,166▲
Cash at bank and in hand54/58€137,537€95,870▼
Deferred charges and accrued income490/1€21,021€65,489▲
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m▼
Equity10/15-€715,700-€1.1m▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€735,700-€1.1m▼
Amounts payable17/49€2.2m€2.4m▲
Amounts payable after more than one year17€53,339€333,339▲
Financial debts170/4€53,339€333,339▲
Amounts payable within one year42/48€2.1m€2.1m▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€360,417€323,782▼
Suppliers440/4€360,417€323,782▼
Taxes, remuneration and social security45€49,975€77,302▲
Taxes450/3€11,856€34,228▲
Remuneration and social security454/9€38,118€43,074▲
Other amounts payable47/48€1.7m€1.7m▼
Accrued charges and deferred income492/3€0€11,695▲
Income statement Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€308,922€306,665▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€249,556€303,948▲
Other operating charges640/8€1,122€702▼
Non-recurring operating charges66A€149€149=
Gross operating margin9900€25,433€262,805▲
Operating profit (loss)9901-€534,315-€348,659▲
Financial income75/76B€0€9▲
Recurring financial income75€0€9▲
Financial charges65/66B€7,540€4,901▼
Recurring financial charges65€7,540€4,901▼
Profit (loss) for the period before taxes9903-€541,855-€353,551▲
Income taxes67/77€1,621€837▼
Profit (loss) for the period9904-€543,476-€354,388▲
Profit (loss) for the period to be appropriated9905-€543,476-€354,388▲
Appropriation of the result
Profit (loss) to be appropriated9906-€735,700-€1.1m▼
Profit (loss) brought forward from the previous period14P-€192,224-€735,700▼
Social balance
Average headcount (FTE)90877.0-

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Turnover70€0€0---
Non-recurring operating income76A-€0€0--
Goods, raw materials, services and sundry goods60/61€0€0---
Remuneration, social security and pensions62€368,050€367,622€308,922€306,665▼ 0.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35,953€188,551€249,556€303,948▲ 21.8%
Other operating charges640/8€3,347€1,687€1,122€702▼ 37.4%
Non-recurring operating charges66A€0€0€149€149=
Gross operating margin9900€438,634€348,014€25,433€262,805▲ 933%
Operating profit (loss)9901€31,285-€209,846-€534,315-€348,659▲ 34.7%
Financial income75/76B€3,041€2€0€9-
Recurring financial income75€3,041€2€0€9-
Financial charges65/66B€4,798-€176€7,540€4,901▼ 35.0%
Recurring financial charges65€4,798-€176€7,540€4,901▼ 35.0%
Profit (loss) for the period before taxes9903€29,528-€209,668-€541,855-€353,551▲ 34.8%
Income taxes67/77€11,069€1,015€1,621€837▼ 48.4%
Profit (loss) for the period9904€18,459-€210,683-€543,476-€354,388▲ 34.8%
Profit (loss) for the period to be appropriated9905€18,459-€210,683-€543,476-€354,388▲ 34.8%
Line2021202220232024Change
Assets
Total assets20/58€1.6m€1.7m€1.4m€1.4m▼ 6.1%
Fixed assets21/28€874,719€1.1m€1.2m€1.0m▼ 11.3%
Intangible fixed assets21€787,543€1.0m€1.1m€1.0m▼ 10.8%
Tangible fixed assets22/27€87,176€74,551€55,970€44,405▼ 20.7%
Plant, machinery and equipment23€85,746€73,251€54,837€37,141▼ 32.3%
Furniture and vehicles24€1,430€1,300€1,133€7,264▲ 541%
Current assets29/58€769,381€574,016€271,183€315,706▲ 16.4%
Amounts receivable within one year40/41€731,361€470,380€112,626€154,347▲ 37.0%
Trade receivables40€323,660€20,244€112,247€147,180▲ 31.1%
Other amounts receivable41€407,702€450,136€379€7,166▲ 1,790%
Cash at bank and in hand54/58€33,790€99,550€137,537€95,870▼ 30.3%
Deferred charges and accrued income490/1€4,229€4,087€21,021€65,489▲ 212%
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.7m€1.4m€1.4m▼ 6.1%
Equity10/15€38,459-€172,224-€715,700-€1.1m▼ 49.5%
Contributions10/11€20,000€20,000€20,000€20,000=
Profit (loss) carried forward14€18,459-€192,224-€735,700-€1.1m▼ 48.2%
Amounts payable17/49€1.6m€1.9m€2.2m€2.4m▲ 12.3%
Amounts payable after more than one year17€53,781€56,696€53,339€333,339▲ 525%
Financial debts170/4€53,781€56,696€53,339€333,339▲ 525%
Amounts payable within one year42/48€1.6m€1.8m€2.1m€2.1m▼ 1.2%
Current portion of amounts payable after more than one year42€26,945€3,781€0--
Trade debts44€1.0m€1.0m€360,417€323,782▼ 10.2%
Suppliers440/4€1.0m€1.0m€360,417€323,782▼ 10.2%
Taxes, remuneration and social security45€68,669€45,384€49,975€77,302▲ 54.7%
Taxes450/3€41,484€20,153€11,856€34,228▲ 189%
Remuneration and social security454/9€27,184€25,231€38,118€43,074▲ 13.0%
Other amounts payable47/48€415,000€715,000€1.7m€1.7m▼ 0.9%
Accrued charges and deferred income492/3€1,552€1,347€0€11,695-
Line2021202220232024Change
Profit (loss) for the period9904€18,459-€210,683-€543,476-€354,388▲ 34.8%
+ Depreciation and write-downs630€35,953€188,551€249,556€303,948▲ 21.8%
Operating cash flow (approximation)€54,411-€22,132-€293,920-€50,440▲ 82.8%
Investment in fixed assets (approximation)--€425,149-€315,575-€171,425▲ 45.7%
Change in cash-€65,759€37,988-€41,667▼ 210%

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

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial Weakest financial yearnet -€543,476
Net result drops to -€543,476, the lowest in the series; recovery starts the following year.
29-09
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
29-09
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
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, Anderlecht · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
668 m²
Building footprint
57 m²
Volume, LiDAR
341 m³
Parcel 21001A0572/00T003, Brussels · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Devinity
Victor Rauterstraat 31, 1070 AnderlechtComputer programming, consultancy and related activities
since 20202.309.038.379
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21001A0572/00T003 Brussels 667 m² 1 · 57 m² 9.5 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.

Recognitions · licences · registrations

Legal Entity Identifier

648810DA9VN470ECI868
live in the LEI register

Similar companies · same sector, comparable size

Of 30,007 companies in sector 62200 we hold annual accounts for 18,394. 14,926 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
Founded30-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
73300Public relations and communication consultancy

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