Equity
DEVLUP paid out €7,983 in dividends. That is 100% of the 2025 profit.
DEVLUP paid out €7,983 in dividends. That is 100% of the 2025 profit.
The micro format states no turnover.
The 2023 accounts came 19 days late. The other four were filed on time.
Less equity than 90% of companies in computer programming and consultancy. Sector median €68,850 · 22,046 companies.
In July 2024, 2,153 companies had the same profile as DEVLUP has now. Each dot stands for 6 companies, two years later.
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.
| 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 2,153 companies, not a prediction for DEVLUP. 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.
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.
| Company | ||||
|---|---|---|---|---|
| DEVLUP Hannut | €51,084 | €47,345 | 3.9% | - |
| Thise.dev Esneux | €48,683 | €43,772 | 62.4% | - |
| AD-DEV Aywaille | €49,211 | €51,201 | 64.2% | - |
| Blue Ridge Mountain Diepenbeek | €46,035 | €47,969 | 5.4% | - |
| IA-Tech Gesves | €57,047 | €44,174 | 3.5% | - |
| Codex Putte | €54,489 | €48,387 | 29.0% | - |
| SLS Consulting Rumst | €47,438 | €47,332 | 10.5% | - |
These companies have the same main activity as DEVLUP: computer programming (NACE 62100). They are comparable in size and age: total assets between €46,000 and €57,000, founded between 2020 and 2021.
DEVLUP files the micro format. That format states no turnover. The gross margin rose from €20,056 in 2021 to €47,345 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €120,000 and €210,000.
Higher than 11% of 22,039 companies in 2025.
Higher than 14% of 21,339 companies in 2025.
Higher than 46% of 21,530 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 1 left. Training hours in 2025: 138.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
51,084 | 59,927 | 55,757 | 56,878 | 27,026 | |
21/28 |
5,648 | 7,933 | 11,851 | 16,457 | 6,390 | |
22/27 |
5,648 | 7,933 | 11,851 | 16,457 | 6,390 | |
23 |
746 | 1,145 | - | - | - | |
24 |
4,902 | 6,788 | 11,851 | 16,457 | 6,390 | |
29/58 |
45,436 | 51,994 | 43,906 | 40,420 | 20,636 | |
40/41 |
30,005 | 17,594 | 17,545 | 15,608 | 12,520 | |
40 |
29,313 | 17,592 | 15,776 | 15,457 | 12,424 | |
41 |
692 | 3 | 1,769 | 151 | 96 | |
54/58 |
14,106 | 33,302 | 25,560 | 23,556 | 7,554 | |
490/1 |
1,325 | 1,098 | 801 | 1,256 | 562 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
51,084 | 59,927 | 55,757 | 56,878 | 27,026 | |
10/15 |
2,000 | 2,000 | 29,516 | 18,700 | 9,753 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
14 |
- | - | 27,516 | 16,700 | 7,753 | |
17/49 |
49,084 | 57,927 | 26,241 | 38,178 | 17,273 | |
17 |
- | - | - | 1,409 | - | |
170/4 |
- | - | - | 1,409 | - | |
42/48 |
49,084 | 57,927 | 26,241 | 36,769 | 17,273 | |
42 |
- | - | 1,409 | 8,356 | - | |
44 |
23 | 1,576 | 1,496 | 1,384 | 1,347 | |
440/4 |
23 | 1,576 | 1,496 | 1,384 | 1,347 | |
45 |
14,056 | 16,760 | 23,336 | 27,029 | 15,926 | |
450/3 |
11,223 | 14,358 | 18,525 | 19,905 | 13,402 | |
454/9 |
2,833 | 2,402 | 4,811 | 7,124 | 2,524 | |
47/48 |
35,005 | 39,591 | - | - | - | |
| Income statement | ||||||
9900 |
47,345 | 49,129 | 52,274 | 46,136 | 20,056 | |
62 |
27,441 | 20,501 | 24,263 | 23,880 | 7,674 | |
630 |
4,020 | 9,147 | 8,573 | 7,037 | 659 | |
640/8 |
1,095 | 556 | 1,724 | - | - | |
9901 |
14,788 | 18,925 | 17,715 | 15,219 | 11,723 | |
75/76B |
6 | 0 | 4 | 1 | 0 | |
75 |
6 | 0 | 4 | 1 | 0 | |
65/66B |
503 | 634 | 863 | 1,243 | 555 | |
65 |
503 | 634 | 863 | 1,243 | 555 | |
9903 |
14,291 | 18,292 | 16,856 | 13,977 | 11,168 | |
67/77 |
6,308 | 6,611 | 6,039 | 5,030 | 3,416 | |
9904 |
7,983 | 11,681 | 10,816 | 8,947 | 7,753 | |
9905 |
7,983 | 11,681 | 10,816 | 8,947 | 7,753 | |
| Appropriation of the result | ||||||
9906 |
7,983 | 11,681 | 27,516 | 16,700 | 7,753 | |
14P |
- | - | 16,700 | 7,753 | - | |
791/2 |
- | 27,516 | - | - | - | |
694/7 |
7,983 | 39,197 | - | - | - | |
694 |
7,983 | 39,197 | - | - | - | |
| Social balance sheet | ||||||
9087 |
1 | 1 | - | - | - | |
Hours worked1013 |
1,009 | 1,510 | - | - | - | |
| Document | ||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-02-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-02-2026 | 2026-00042060 | |
| 31-12-2024 | micro format | 27-05-2025 | 2025-00109500 | |
| 31-12-2023 | micro format | 19-08-2024 | 2024-00354516 | |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00163253 | |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20146093 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 18,809 | 28,073 | 26,288 | 22,256 | 12,382 | ||
| 12,003 | 20,828 | 19,389 | 15,984 | 8,412 | ||
| 1,736 | 5,229 | 3,967 | 17,105 | 7,049 | ||
| -19,197 | 7,742 | 2,004 | 16,002 | - | ||
| -3,648 | -5,933 | 17,665 | 3,651 | 3,363 | ||
| 3.9% | 3.3% | 52.9% | 32.9% | 36.1% | ||
| 0.93 | 0.90 | 1.67 | 1.10 | 1.19 | ||
| 24.54 | 28.96 | 0.89 | 2.04 | 1.77 | ||
| 399.1% | 584.0% | 36.6% | 47.8% | 79.5% | ||
| 15.6% | 19.5% | 19.4% | 15.7% | 28.7% | ||
| 37.36 | 44.28 | 30.46 | 17.91 | 22.31 |
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.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| part-time | 1 | 1 |
| in full-time equivalents | 0.5 | 0.8 |
| 0.5 | 0.8 | |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 1 | - |
| Training hours | 138 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,736 | €5,229 | €3,967 | €17,105 | €7,049 |
| €4,020 | €9,147 | €8,573 | €7,037 | €659 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 22% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total falls from 96.7% to 96.1%. Debt is lower.
DEVLUP has no parent and no holdings in its annual accounts. is the only director. DEVLUP shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Hubert Larock 23 registered office 4280 Hannut | 04-02-2021 | 2.312.942.234 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 64060B0118/00C000 | 5,769 m² | 1 · 74 m² | 8.5 m · 2 |
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