DEVMAT
ActiveSummary
DEVMAT has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €506,756 and a net result of €53,441. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 88% of 4,754 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- 13.2 FTE
- Equity
- €506,756
- Profit
- €53,441
- Klaas DevrieseDirector
- Wesley MatthysDirector
Why 92raises riskSector: Food and beverage service activities (NACE 56)lowers riskLiquidity: current ratio 2.98, cash €197,476Equity €506,756 (75.0% of total assets)Figures for financial year 2025 (filed 13-07-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, small): better than 97% on solvency, 89% on liquidity, 67% on profitability and 33% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 18 days before the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 2% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: 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).
- 2024 Net result -64% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Peer companies
Historical observationOf the 6,782 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96.7% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,782 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €195,858 | €362,193 | €435,342 | €488,707 | €492,724 | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94,099 | €122,808 | €114,522 | €106,784 | €110,009 | €109,334 | €110,148 | €106,066 | ▼ 3.7% |
| Other operating charges640/8 | - | - | - | €2,300 | €6,086 | €1,253 | €14,858 | €7,492 | ▼ 49.6% |
| Gross operating margin9900 | €425,138 | €575,777 | €208,413 | €428,004 | €676,937 | €791,127 | €705,197 | €695,570 | ▼ 1.4% |
| Operating profit (loss)9901 | €127,640 | €144,608 | -€12,992 | €123,062 | €198,649 | €245,198 | €91,484 | €89,288 | ▼ 2.4% |
| Financial income75/76B | - | - | - | €624 | €1,102 | €1,330 | €5,494 | €827 | ▼ 84.9% |
| Recurring financial income75 | €102 | €1 | €179 | €624 | €1,102 | €1,330 | €5,494 | €827 | ▼ 84.9% |
| Financial charges65/66B | - | - | - | €25,869 | €27,353 | €10,454 | €13,050 | €14,410 | ▲ 10.4% |
| Recurring financial charges65 | €11,101 | €24,792 | €20,407 | €25,869 | €27,353 | €10,454 | €13,050 | €14,410 | ▲ 10.4% |
| Profit (loss) for the period before taxes9903 | €116,641 | €119,817 | -€33,221 | €97,817 | €172,398 | €236,073 | €83,928 | €75,706 | ▼ 9.8% |
| Income taxes67/77 | €39,442 | €38,948 | €0 | €7,604 | €52,709 | €74,009 | €25,358 | €22,265 | ▼ 12.2% |
| Profit (loss) for the period9904 | €77,199 | €80,869 | -€33,221 | €90,213 | €119,689 | €162,064 | €58,570 | €53,441 | ▼ 8.8% |
| Profit (loss) for the period to be appropriated9905 | €77,199 | €80,869 | -€33,221 | €90,213 | €119,689 | €162,064 | €58,570 | €53,441 | ▼ 8.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €965,251 | €952,032 | €822,999 | €918,730 | €724,205 | €832,749 | €733,756 | €675,571 | ▼ 7.9% |
| Fixed assets21/28 | €761,107 | €781,024 | €667,281 | €562,064 | €493,067 | €383,733 | €278,250 | €177,988 | ▼ 36.0% |
| Intangible fixed assets21 | €684,000 | €608,000 | €532,000 | €456,000 | €380,000 | €304,000 | €228,000 | €152,000 | ▼ 33.3% |
| Tangible fixed assets22/27 | €66,182 | €165,024 | €127,281 | €98,064 | €105,067 | €71,733 | €42,250 | €17,988 | ▼ 57.4% |
| Plant, machinery and equipment23 | - | - | - | €1,316 | €794 | €272 | €1,860 | €3,566 | ▲ 91.7% |
| Furniture and vehicles24 | - | - | - | €96,748 | €104,273 | €71,461 | €40,389 | €14,421 | ▼ 64.3% |
| Financial fixed assets28 | €10,925 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Current assets29/58 | €204,143 | €171,008 | €155,718 | €356,666 | €231,138 | €449,016 | €455,506 | €497,584 | ▲ 9.2% |
| Stocks and contracts in progress3 | €1,592 | €1,604 | €755 | €1,000 | €1,000 | €1,200 | €1,200 | €1,200 | = |
| Stocks30/36 | - | - | - | €1,000 | €1,000 | €1,200 | €1,200 | €1,200 | = |
| Amounts receivable within one year40/41 | €16,123 | €14,064 | €16,015 | €12,474 | €7,873 | €81,827 | €300,666 | €295,517 | ▼ 1.7% |
| Trade receivables40 | - | - | - | €0 | €1,979 | €0 | €1,694 | €40 | ▼ 97.6% |
| Other amounts receivable41 | - | - | - | €12,474 | €5,895 | €81,827 | €298,972 | €295,477 | ▼ 1.2% |
| Current investments50/53 | - | - | - | - | - | €200,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €185,736 | €153,306 | €138,948 | €341,756 | €222,265 | €165,989 | €153,640 | €197,476 | ▲ 28.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,437 | €0 | - | - | €3,391 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €965,251 | €952,032 | €822,999 | €918,730 | €724,205 | €832,749 | €733,756 | €675,571 | ▼ 7.9% |
| Equity10/15 | €126,258 | €207,127 | €173,906 | €264,119 | €383,808 | €544,872 | €535,184 | €506,756 | ▼ 5.3% |
| Contributions10/11 | €50,000 | €50,000 | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €76,258 | €157,127 | €157,127 | €214,119 | €333,808 | €494,872 | €485,184 | €456,756 | ▼ 5.9% |
| Non-distributable reserves130/1 | - | - | - | €8,500 | €8,500 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €8,500 | €8,500 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €205,619 | €325,308 | €494,872 | €485,184 | €456,756 | ▼ 5.9% |
| Profit (loss) carried forward14 | - | - | -€33,221 | €0 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €838,993 | €744,905 | €649,093 | €654,611 | €340,397 | €287,877 | €198,572 | €168,815 | ▼ 15.0% |
| Amounts payable after more than one year17 | €428,684 | €353,199 | €314,816 | €236,888 | €166,712 | €82,445 | €3,368 | €261 | ▼ 92.2% |
| Financial debts170/4 | - | - | - | €236,888 | €166,712 | €82,445 | €3,368 | €261 | ▼ 92.2% |
| Amounts payable within one year42/48 | €408,252 | €385,079 | €327,404 | €410,558 | €166,699 | €204,888 | €194,551 | €167,135 | ▼ 14.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €77,928 | €82,527 | €84,267 | €79,078 | €3,106 | ▼ 96.1% |
| Trade debts44 | €43,153 | €18,041 | €0 | €36,963 | €36,053 | €36,112 | €48,627 | €44,382 | ▼ 8.7% |
| Suppliers440/4 | - | - | - | €36,963 | €36,053 | €36,112 | €48,627 | €44,382 | ▼ 8.7% |
| Taxes, remuneration and social security45 | - | - | - | €40,015 | €41,517 | €72,387 | €52,195 | €75,523 | ▲ 44.7% |
| Taxes450/3 | - | - | - | €12,645 | €12,427 | €36,054 | €2,198 | €4,939 | ▲ 125% |
| Remuneration and social security454/9 | - | - | - | €27,370 | €29,090 | €36,334 | €49,997 | €70,584 | ▲ 41.2% |
| Other amounts payable47/48 | - | - | - | €255,652 | €6,602 | €12,121 | €14,652 | €44,123 | ▲ 201% |
| Accrued charges and deferred income492/3 | - | - | - | €7,165 | €6,986 | €544 | €654 | €1,419 | ▲ 117% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,199 | €80,869 | -€33,221 | €90,213 | €119,689 | €162,064 | €58,570 | €53,441 | ▼ 8.8% |
| + Depreciation and write-downs630 | €94,099 | €122,808 | €114,522 | €106,784 | €110,009 | €109,334 | €110,148 | €106,066 | ▼ 3.7% |
| Operating cash flow (approximation) | €171,298 | €203,677 | €81,302 | €196,997 | €229,698 | €271,398 | €168,718 | €159,506 | ▼ 5.5% |
| Investment in fixed assets (approximation) | - | -€142,725 | -€779 | -€1,566 | -€41,013 | €0 | -€4,665 | -€5,803 | ▼ 24.4% |
| Change in cash | - | -€32,430 | -€14,359 | €202,808 | -€119,491 | -€56,275 | -€12,350 | €43,836 | - |
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 (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-07-2026 | 2026-00283538 |
| 31-12-2024 | abbreviated format | 24-06-2025 | 2025-00177069 |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00190666 |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00281730 |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20125751 |
| 31-12-2020 | micro format | 30-08-2021 | 2021-61700031 |
| 31-12-2019 | abbreviated format | 24-06-2020 | 2020-19600437 |
| 31-12-2018 | abbreviated format | 18-07-2019 | 2019-34700076 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 · 1 entry · €500 awarded · €500 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Klaas Devriese |
|
| Wesley Matthys |
|
Owners and capital
Capital and shareholders
- 11-10-2023 Capital stated in the deed · 1,000 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
11-10
Gazette deed
Resignations: Klaas Devriese (manager) and Wesley Matthys (manager)Appointments: Klaas Devriese (director) and Wesley Matthys (director) · Capital conversion · Net-asset statement16 facts ▸
- General meeting, 25-08-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, behoud rechtsvorm besloten vennootschap(afgekort BV)” (deed in Dutch)
- Capital conversion, 31-12-2019, EUR
- Other provision, “geen wijzigingen eigen vermogensrekeningen en geen opgevraagde inbrengen, heden” (deed in Dutch)
- Other provision, “opheffing statutair onbeschikbare eigen vermogensrekeningen en eigen vermogensrekening niet-opgevraagde inbrengen, overeenkomstig vormen en meerderheden van sta…” (deed in Dutch)
- Other provision, “niet gestort deel van het kapitaal, verklaring niet-volstorting en verzoek kwijtschelding volstorting” (deed in Dutch)
- Net-asset statement, 21-08-2023
- Amendment of the articles
- Capital
- Director resignation, Klaas Devriese (manager)
- Director discharge, Klaas Devriese
- Director resignation, Wesley Matthys (manager)
- +4 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0688.768.195
Recognitions · licences · registrations
Food safety, FASFC
1 siteDual-learning approval
2 live approvals · 12 endedShow 12 ended approvals
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31805E1376/00A000 | Flanders | 56 m² | 1 · 56 m² | 18.3 m · 5 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DEVMAT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “*Het bestuursorgaan zal overeenkomstig artikel 5:73 WVV, alle handelingen verrichten die nodig of dienstig zijn tot verwezenlijking van het…”
- Board ruleHow the board is made up, meets and takes decisions.
- “1, al dan niet aandeelhouder” (deed in Dutch)“Alle handelingen nodig of dienstig tot verwezenlijking voorwerp, handelingen waarvoor volgens wet alleen algemene vergadering bevoegd is” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Wednesday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Als geen vereffenaars benoemd of aangewezen, bestuurders in functie op tijdstip ontbinding van rechtswege als vereffenaars ten aanzien van…” (deed in Dutch)