DEVLASELIN

Active

Private limited companyfounded 201214 yrs activeOudstrijdersplein 5, 8400 Oostende, BelgiumKBO/BCE: BE 0843.372.339

The computed 12-month bankruptcy probability of DEVLASELIN is 2.2% (moderate). The 2025 annual accounts show equity of €149k and a net result of €22k. Its solvency ranks better than 44% of 3619 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability73▼-6

Solvency49▼-3

Growth32

Track record100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity tight (current ratio 1.11 against 1.1 in 2024; short-term debt: 23% and cash: 17.7% of total assets), and 76.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

23.8%

Return on assets

3.4%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

7 d early

2024

15 d early

← before the deadline after the deadline →

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 months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€149k▼ 22.8%

2024 · €194k

2024: €194k

2024 → 2025

Total assets

€629k▼ 10.8%

2024 · €706k

2024: €706k

2024 → 2025

Net result

€22k▼ 61.4%

2024 · €56k

2024: €56k

2024 → 2025

Working capital

€15k▼ 14.2%

2024 · €18k

2024: €18k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€194k-€149k▼ 22.8%

Operating result€97k-€50k▼ 49.0%

Net result€56k-€22k▼ 61.4%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 49% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €629k

74.5%

25.5%

Fixed assets €469k▼ 6.8%

Current assets €160k▼ 20.8%

Equity and liabilities €629k

23.8%

76.2%

Equity €149k▼ 22.8%

Debt €480k▼ 6.3%

The debt ratio rises from 72.6% to 76.2%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€125k▼

2024 · €166k

Cash flow

€97k▼

2024 · €124k

Solvency

23.8%▼

2024 · 27.4%

Current ratio

1.11▲

2024 · 1.10

Quick ratio

0.99▼

2024 · 1.01

Debt / equity

3.21▲

2024 · 2.64

ROE

14.4%▼

2024 · 28.8%

ROA

3.4%▼

2024 · 7.9%

Interest coverage

6.63▼

2024 · 12.50

Debt

€480k▼

2024 · €512k

Debt ≤ 1 year

€145k▼

2024 · €185k

Debt > 1 year

€324k▲

2024 · €319k

Income taxes

€10k▼

2024 · €29k

Staff costs

€322k▲

2024 · €312k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€706k€629k▼

Fixed assets21/28€503k€469k▼

Tangible fixed assets22/27€501k€466k▼

Plant, machinery and equipment23€56k€46k▼

Furniture and vehicles24€63k€58k▼

Other tangible fixed assets26€382k€362k▼

Financial fixed assets28€3k€3k▲

Current assets29/58€202k€160k▼

Stocks and contracts in progress3€16k€16k=

Stocks30/36€16k€16k=

Amounts receivable within one year40/41€6k€25k▲

Trade receivables40€6k€7k▲

Other amounts receivable41-€18k

Cash at bank and in hand54/58€171k€111k▼

Deferred charges and accrued income490/1€10k€8k▼

Equity and liabilities

Total equity and liabilities10/49€706k€629k▼

Equity10/15€194k€149k▼

Contributions10/11€1k€1k=

Reserves13€193k€148k▼

Distributable reserves133€193k€148k▼

Amounts payable17/49€512k€480k▼

Amounts payable after more than one year17€319k€324k▲

Financial debts170/4€265k€226k▼

Other amounts payable178/9€53k€98k▲

Amounts payable within one year42/48€185k€145k▼

Current portion of amounts payable after more than one year42€38k€43k▲

Financial debts43€19k€19k▼

Credit institutions430/8€19k€19k▼

Trade debts44€53k€38k▼

Suppliers440/4€53k€38k▼

Advances received on contracts in progress46€10k€12k▲

Taxes, remuneration and social security45€64k€33k▼

Taxes450/3€31k€12k▼

Remuneration and social security454/9€33k€22k▼

Other amounts payable47/48€859-

Accrued charges and deferred income492/3€9k€11k▲

Income statement Code20242025

Remuneration, social security and pensions62€312k€322k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€75k▲

Other operating charges640/8€4k€4k▲

Gross operating margin9900€482k€451k▼

Operating profit (loss)9901€97k€50k▼

Financial income75/76B€1k€1k▼

Recurring financial income75€1k€1k▼

Financial charges65/66B€13k€19k▲

Recurring financial charges65€13k€19k▲

Profit (loss) for the period before taxes9903€85k€32k▼

Income taxes67/77€29k€10k▼

Profit (loss) for the period9904€56k€22k▼

Profit (loss) for the period to be appropriated9905€56k€22k▼

Appropriation of the result

Profit (loss) to be appropriated9906€56k€22k▼

Transfer from equity791/2-€69k

Transfer to equity691/2€55k€22k▼

To other reserves6921€55k€22k▼

Profit to be distributed694/7€859€69k▲

Return on contributions (dividend)694€859€69k▲

Social balance

Average headcount (FTE)90879.27.9▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

16-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

NBB filing

Directors · office · real estate

Directors

4 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, Oostende · 3 establishment units since 2012

establishment All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Oudstrijdersplein 58400 Oostende

Ground area

1,874 m²

Building footprint

694 m²

Volume, LiDAR

3,581 m³

3 parcels, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.

3 establishment units

De Vlasschaard

Oudstrijdersplein 5, 8400 OostendeFood and beverage service activities

since 20122.210.969.104

De Vlasschaard

Westlaan 50, 8400 OostendeGuest rooms (bed and breakfast)

since 20222.338.251.910

De Vlasschaard

Zandvoordsestraat 78, 8460 OudenburgWarehousing and storage

since 20222.340.284.455

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35014B0618/00P000	Flanders	1,130 m²	1 · 247 m²	13.0 m · 3 fl.
35391A0161/00E009	Flanders	382 m²	1 · 142 m²	13.4 m · 4 fl.
35020A0385/00C005	Flanders	362 m²	1 · 305 m²	-