DEVION
ActiveSummary
The computed 12-month bankruptcy probability of DEVION is 2.3% (moderate). For DEVION, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €502,362 and a net result of €141,903. Equity is growing by about 70% per year across the filed financial years. Its solvency ranks better than 24% of 1,920 sector peers (NACE 71, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 30 April 2026 Financial year closed on 30 September 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 22 October 2026.
Equity
€502,362▲ 25.7%
2023 · €399,649
Total assets
€2.5m▲ 48.3%
2023 · €1.7m
Net result
€141,903▼ 9.6%
2023 · €156,983
Working capital
€484,700▼ 16.1%
2023 · €577,807
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result recovers in 2024; 2024 is 6% above 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2024
Net result€0.1m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.5m
2024
Equity€0.5m
2024
Debt€2.0m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.5m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)5.8%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency20.5%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.27
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)12.6
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€0.1m-€0.06m▼ 52.0%€0.1m▲ 108%€0.3m▲ 106%€0.2m▼ 11.7%€0.2m▲ 5.9%
Net result€0.1m-€0.03mwithin the sector's middle half▼ 69.5%€0.08mwithin the sector's middle half▲ 155%€0.2mabove the sector's middle half▲ 111%€0.2mabove the sector's middle half▼ 9.9%€0.1mwithin the sector's middle half▼ 9.6%
Equity€0.03m-€0.03mbelow the sector's middle half▼ 22.7%€0.07mwithin the sector's middle half▲ 162%€0.2mwithin the sector's middle half▲ 254%€0.4mwithin the sector's middle half▲ 64.7%€0.5mwithin the sector's middle half▲ 25.7%
Total assets€0.8m-€1.5mabove the sector's middle half▲ 88.7%€1.2mwithin the sector's middle half▼ 22.4%€1.8mabove the sector's middle half▲ 53.1%€1.7mwithin the sector's middle half▼ 9.3%€2.5mabove the sector's middle half▲ 48.3%
Debt€0.8m-€1.5m▲ 93.5%€1.1m▼ 25.6%€1.6m▲ 39.2%€1.3m▼ 19.7%€2.0m▲ 55.5%
Working capital€0.2m--€0.06mbelow the sector's middle half€0.03mwithin the sector's middle half€0.3mwithin the sector's middle half▲ 845%€0.6mabove the sector's middle half▲ 81.2%€0.5mwithin the sector's middle half▼ 16.1%
Solvency4.2%-1.7%below the sector's middle half▼ 2.5pp5.8%below the sector's middle half▲ 4.0pp13.3%below the sector's middle half▲ 7.6pp24.1%within the sector's middle half▲ 10.8pp20.5%below the sector's middle half▼ 3.7pp
Current ratio1.28-0.96below the sector's middle half▼ 0.331.03below the sector's middle half▲ 0.071.23within the sector's middle half▲ 0.201.65within the sector's middle half▲ 0.421.27within the sector's middle half▼ 0.38
Return on assets (ROA)13.0%-2.1%within the sector's middle half▼ 10.9pp6.9%within the sector's middle half▲ 4.8pp9.5%within the sector's middle half▲ 2.6pp9.5%within the sector's middle half▼ 0.1pp5.8%within the sector's middle half▼ 3.7pp
Staff (FTE)12.9-13.5above the sector's middle half▲ 4.7%13.6above the sector's middle half▲ 0.7%12.7above the sector's middle half▼ 6.6%10.1above the sector's middle half▼ 20.5%12.6above the sector's middle half▲ 24.8%
above
within
below
the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets
€163,101 ▼ 13.2%
Current assets
€2.3m ▲ 56.2%
Equity and liabilities €2.5m
Equity
€502,362 ▲ 25.7%
Debt
€2.0m ▲ 55.5%
Debt's share of the balance-sheet total rises from 75.9% to 79.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€311,755▲
2023 · €297,395
Cash flow
€204,448▼
2023 · €219,121
Quick ratio
0.63▼
2023 · 1.01
Debt to equity
3.89▲
2023 · 3.14
ROE
28.2%▼
2023 · 39.3%
Interest coverage
6.14▼
2023 · 16.59
Debt ≤ 1 year
€1.8m▲
2023 · €889,367
Income taxes
€72,722▲
2023 · €61,352
Staff costs
€1.0m▲
2023 · €776,554
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.004m | - |
| Remuneration, social security and pensions62 | - | - | €0.8m | €0.9m | €0.8m | €1.0m | ▲ 30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.04m | €0.04m | €0.06m | €0.06m | ▲ 0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.2m | €0 | - | -€0.02m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.02m | -€0.02m | €0 | - |
| Other operating charges640/8 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 20.7% |
| Gross operating margin9900 | €0.9m | €1.0m | €1.2m | €1.2m | €1.1m | €1.3m | ▲ 22.9% |
| Operating profit (loss)9901 | €0.1m | €0.06m | €0.1m | €0.3m | €0.2m | €0.2m | ▲ 5.9% |
| Financial income75/76B | - | - | €476 | €201 | €0.001m | €0.02m | ▲ 1,513% |
| Recurring financial income75 | €0.003m | €0.01m | €476 | €201 | €0.001m | €0.02m | ▲ 1,513% |
| Financial charges65/66B | - | - | €0.01m | €0.01m | €0.02m | €0.05m | ▲ 183% |
| Recurring financial charges65 | €0.01m | €0.03m | €0.01m | €0.01m | €0.02m | €0.05m | ▲ 183% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.04m | €0.1m | €0.3m | €0.2m | €0.2m | ▼ 1.7% |
| Income taxes67/77 | €0.02m | €0.01m | €0.03m | €0.08m | €0.06m | €0.07m | ▲ 18.5% |
| Profit (loss) for the period9904 | €0.1m | €0.03m | €0.08m | €0.2m | €0.2m | €0.1m | ▼ 9.6% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.03m | €0.08m | €0.2m | €0.2m | €0.1m | ▼ 9.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.8m | €1.5m | €1.2m | €1.8m | €1.7m | €2.5m | ▲ 48.3% |
| Fixed assets21/28 | €0.08m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▼ 13.2% |
| Intangible fixed assets21 | €0.003m | €0.001m | €0.007m | €0.006m | €0.004m | €0.01m | ▲ 191% |
| Tangible fixed assets22/27 | €0.07m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 17.9% |
| Plant, machinery and equipment23 | - | - | €0.03m | €0.06m | €0.05m | €0.04m | ▼ 20.5% |
| Furniture and vehicles24 | - | - | €0.04m | €0.03m | €0.1m | €0.09m | ▼ 12.1% |
| Leasing and similar rights25 | - | - | €0.02m | €0.01m | €0.005m | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €0.03m | €0.02m | €0.02m | €0.01m | ▼ 22.6% |
| Financial fixed assets28 | - | €0.001m | €0.001m | €0.001m | €0.004m | €0.004m | = |
| Current assets29/58 | €0.7m | €1.4m | €1.1m | €1.7m | €1.5m | €2.3m | ▲ 56.2% |
| Stocks and contracts in progress3 | €0.05m | €0.05m | €0.05m | €0.5m | €0.6m | €1.2m | ▲ 103% |
| Stocks30/36 | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Contracts in progress37 | - | - | - | €0.5m | €0.5m | €1.1m | ▲ 113% |
| Amounts receivable within one year40/41 | €0.6m | €0.9m | €0.9m | €1.0m | €0.8m | €1.0m | ▲ 19.9% |
| Trade receivables40 | - | - | €0.9m | €1.0m | €0.8m | €0.9m | ▲ 22.0% |
| Other amounts receivable41 | - | - | €0.005m | €0.06m | €0.02m | €0.005m | ▼ 72.3% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.06m | €0.1m | €0.05m | €0.09m | ▲ 68.0% |
| Deferred charges and accrued income490/1 | - | - | €0.03m | €0.05m | €0.05m | €0.09m | ▲ 85.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.8m | €1.5m | €1.2m | €1.8m | €1.7m | €2.5m | ▲ 48.3% |
| Equity10/15 | €0.03m | €0.03m | €0.07m | €0.2m | €0.4m | €0.5m | ▲ 25.7% |
| Contributions10/11 | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0 | - | - |
| Tax-exempt reserves132 | - | - | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Distributable reserves133 | - | - | - | - | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.009m | €0.001m | €0.04m | €0.2m | €0.4m | €0.5m | ▲ 27.4% |
| Provisions and deferred taxes16 | - | - | - | €0.02m | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.02m | €0 | - | - |
| Environmental obligations163 | - | - | - | €0.02m | €0 | - | - |
| Amounts payable17/49 | €0.8m | €1.5m | €1.1m | €1.6m | €1.3m | €2.0m | ▲ 55.5% |
| Amounts payable after more than one year17 | €0.04m | €0.04m | €0.03m | €0.009m | €0 | - | - |
| Financial debts170/4 | - | - | €0.03m | €0.009m | €0 | - | - |
| Amounts payable within one year42/48 | €0.6m | €1.5m | €1.0m | €1.4m | €0.9m | €1.8m | ▲ 103% |
| Current portion of amounts payable after more than one year42 | - | - | €0.05m | €0.02m | €0.009m | €0 | ▼ 100% |
| Financial debts43 | - | - | €0.3m | €0.3m | €0.2m | €0.5m | ▲ 186% |
| Credit institutions430/8 | - | - | €0.3m | €0.3m | €0.2m | €0.5m | ▲ 186% |
| Trade debts44 | €0.4m | €0.5m | €0.4m | €0.7m | €0.3m | €0.8m | ▲ 139% |
| Suppliers440/4 | - | - | €0.4m | €0.7m | €0.3m | €0.8m | ▲ 139% |
| Advances received on contracts in progress46 | - | - | €0.01m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 50.4% |
| Taxes450/3 | - | - | €0.04m | €0.04m | €0.04m | €0.1m | ▲ 133% |
| Remuneration and social security454/9 | - | - | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 25.9% |
| Other amounts payable47/48 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 21.9% |
| Accrued charges and deferred income492/3 | - | - | €0.06m | €0.2m | €0.4m | €0.1m | ▼ 60.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,911 | €32,329 | €82,342 | €174,150 | €156,983 | €141,903 | ▼ 9.6% |
| + Depreciation and write-downs630 | €26,267 | €32,831 | €36,934 | €39,188 | €62,137 | €62,545 | ▲ 0.7% |
| Operating cash flow (approximation) | €132,178 | €65,160 | €119,276 | €213,339 | €219,121 | €204,448 | ▼ 6.7% |
| Investment in fixed assets (approximation) | - | -€88,631 | -€27,054 | -€44,615 | -€123,557 | -€37,822 | ▲ 69.4% |
| Change in cash | - | -€1,492 | -€49,615 | €44,005 | -€50,770 | €35,621 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2024 | abbreviated format | 30-04-2025 | 2025-00087715 |
| 30-09-2023 | abbreviated format | 23-04-2024 | 2024-00067987 |
| 30-09-2022 | abbreviated format | 13-04-2023 | 2023-00059240 |
| 30-09-2021 | abbreviated format | 05-04-2022 | 2022-20000456 |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12800427 |
| 30-09-2019 | abbreviated format | 29-05-2020 | 2020-13800104 |
| 30-09-2018 | abbreviated format | 30-04-2019 | 2019-11800569 |
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Of the 11,512 active companies whose main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121), figures are known for 6,711. 4,473 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €28,256 awarded · €28,256 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,560 | €2,560 |
| 2024 | 2 | €5,410 | €14,860 |
| 2023 | 1 | €3,336 | €3,336 |
| 2022 | 2 | €16,950 | €7,500 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.