DEVO
ActiveSummary
DEVO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €281,360 and a net result of €41,013. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 7.47 against 8.57 in 2023; short-term debt: 11.7% and cash: 47.4% of total assets), and 17.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
19 d early
2022
18 d early
2021
26 d early
2020
31 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€281,360▲ 17.1%
2023 · €240,347
Total assets
€340,050▲ 13.4%
2023 · €299,758
Net result
€41,013▲ 174%
2023 · €14,964
Working capital
€257,310▲ 8.1%
2023 · €237,953
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
Line20202021202220232024
Operating result€7,161▼ 24.0%€66,651▲ 831%€56,795▼ 14.8%€23,348▼ 58.9%€63,906▲ 174%
Net result€4,931▼ 2.4%€57,812▲ 1,072%€43,831▼ 24.2%€14,964▼ 65.9%€41,013▲ 174%
Equity€123,740▲ 4.2%€181,552▲ 46.7%€225,383▲ 24.1%€240,347▲ 6.6%€281,360▲ 17.1%
Total assets€230,835▼ 24.4%€273,129▲ 18.3%€328,440▲ 20.3%€299,758▼ 8.7%€340,050▲ 13.4%
Debt€107,095▼ 42.6%€91,577▼ 14.5%€103,057▲ 12.5%€59,411▼ 42.4%€58,690▼ 1.2%
Working capital€93,965▲ 29.1%€167,781▲ 78.6%€220,152▲ 31.2%€237,953▲ 8.1%€257,310▲ 8.1%
Staff (FTE)1=1.8▲ 80.0%0.6▼ 66.7%1▲ 66.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 174% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €340,050
Fixed assets
€42,962 ▲ 41.4%
Current assets
€297,088 ▲ 10.3%
Equity and liabilities €340,050
Equity
€281,360 ▲ 17.1%
Debt
€58,690 ▼ 1.2%
Debt's share of the balance-sheet total falls from 19.8% to 17.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€74,092▲
2023 · €30,068
Cash flow
€51,198▲
2023 · €21,684
Current ratio
7.47▼
2023 · 8.57
Quick ratio
5.75▼
2023 · 6.40
Debt to equity
0.21▼
2023 · 0.25
ROE
14.6%▲
2023 · 6.2%
ROA
12.1%▲
2023 · 5.0%
Interest coverage
10.76▼
2023 · 13.88
Debt ≤ 1 year
€39,778▲
2023 · €31,414
Debt > 1 year
€18,154▼
2023 · €23,768
Income taxes
€16,261▲
2023 · €6,311
Staff costs
€83,909▲
2023 · €15,934
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,672 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €58,212 | €30,074 | €15,934 | €83,909 | ▲ 427% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,897 | €27,204 | €11,459 | €6,720 | €10,185 | ▲ 51.6% |
| Other operating charges640/8 | - | €992 | €811 | €754 | €31,704 | ▲ 4,104% |
| Non-recurring operating charges66A | - | - | - | - | €87 | - |
| Gross operating margin9900 | €102,721 | €153,060 | €99,139 | €46,756 | €189,793 | ▲ 306% |
| Operating profit (loss)9901 | €7,161 | €66,651 | €56,795 | €23,348 | €63,906 | ▲ 174% |
| Financial income75/76B | - | €344 | €361 | €94 | €251 | ▲ 168% |
| Recurring financial income75 | €447 | €344 | €361 | €94 | €251 | ▲ 168% |
| Financial charges65/66B | - | €1,738 | €1,750 | €2,166 | €6,884 | ▲ 218% |
| Recurring financial charges65 | €2,439 | €1,738 | €1,750 | €2,166 | €6,884 | ▲ 218% |
| Profit (loss) for the period before taxes9903 | €5,169 | €65,257 | €55,406 | €21,275 | €57,273 | ▲ 169% |
| Income taxes67/77 | €238 | €7,445 | €11,575 | €6,311 | €16,261 | ▲ 158% |
| Profit (loss) for the period9904 | €4,931 | €57,812 | €43,831 | €14,964 | €41,013 | ▲ 174% |
| Profit (loss) for the period to be appropriated9905 | €4,931 | €57,812 | €43,831 | €14,964 | €41,013 | ▲ 174% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230,835 | €273,129 | €328,440 | €299,758 | €340,050 | ▲ 13.4% |
| Fixed assets21/28 | €70,518 | €48,570 | €37,111 | €30,392 | €42,962 | ▲ 41.4% |
| Tangible fixed assets22/27 | €70,518 | €48,570 | €37,111 | €30,392 | €42,962 | ▲ 41.4% |
| Land and buildings22 | - | €31,754 | €27,465 | €23,318 | €19,371 | ▼ 16.9% |
| Plant, machinery and equipment23 | - | €10,530 | €7,987 | €6,256 | €13,939 | ▲ 123% |
| Furniture and vehicles24 | - | €2,501 | €1,660 | €818 | €9,651 | ▲ 1,080% |
| Leasing and similar rights25 | - | €3,786 | - | - | - | - |
| Current assets29/58 | €160,317 | €224,559 | €291,328 | €269,367 | €297,088 | ▲ 10.3% |
| Stocks and contracts in progress3 | €67,083 | €68,893 | €68,344 | €68,215 | €68,368 | ▲ 0.2% |
| Stocks30/36 | - | €68,893 | €68,344 | €68,215 | €68,368 | ▲ 0.2% |
| Amounts receivable within one year40/41 | €65,597 | €55,013 | €131,509 | €58,972 | €46,648 | ▼ 20.9% |
| Trade receivables40 | - | €42,499 | €110,506 | €55,473 | €21,576 | ▼ 61.1% |
| Other amounts receivable41 | - | €12,514 | €21,003 | €3,499 | €25,072 | ▲ 617% |
| Cash at bank and in hand54/58 | €24,252 | €87,305 | €83,255 | €138,345 | €161,298 | ▲ 16.6% |
| Deferred charges and accrued income490/1 | - | €13,348 | €8,221 | €3,834 | €20,773 | ▲ 442% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230,835 | €273,129 | €328,440 | €299,758 | €340,050 | ▲ 13.4% |
| Equity10/15 | €123,740 | €181,552 | €225,383 | €240,347 | €281,360 | ▲ 17.1% |
| Contributions10/11 | - | €19,365 | €19,365 | €19,365 | €19,365 | = |
| Reserves13 | €53,278 | €53,278 | €53,278 | €53,278 | €94,291 | ▲ 77.0% |
| Non-distributable reserves130/1 | - | €1,937 | €1,937 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,937 | €1,937 | €0 | - | - |
| Distributable reserves133 | - | €51,341 | €51,341 | €53,278 | €94,291 | ▲ 77.0% |
| Profit (loss) carried forward14 | €51,097 | €108,909 | €152,740 | €167,704 | €167,704 | = |
| Amounts payable17/49 | €107,095 | €91,577 | €103,057 | €59,411 | €58,690 | ▼ 1.2% |
| Amounts payable after more than one year17 | €39,843 | €34,608 | €29,250 | €23,768 | €18,154 | ▼ 23.6% |
| Financial debts170/4 | - | €34,608 | €29,250 | €23,768 | €18,154 | ▼ 23.6% |
| Amounts payable within one year42/48 | €66,352 | €56,777 | €71,176 | €31,414 | €39,778 | ▲ 26.6% |
| Current portion of amounts payable after more than one year42 | - | €18,235 | €14,036 | €5,482 | €5,613 | ▲ 2.4% |
| Trade debts44 | €6,288 | €4,300 | €40,748 | €10,395 | €8,687 | ▼ 16.4% |
| Suppliers440/4 | - | €4,300 | €40,748 | €10,395 | €8,687 | ▼ 16.4% |
| Taxes, remuneration and social security45 | - | €11,012 | €6,202 | €8,733 | €24,478 | ▲ 180% |
| Taxes450/3 | - | €5,264 | €4,650 | €4,976 | €19,704 | ▲ 296% |
| Remuneration and social security454/9 | - | €5,748 | €1,552 | €3,757 | €4,775 | ▲ 27.1% |
| Other amounts payable47/48 | - | €23,231 | €10,190 | €6,803 | €999 | ▼ 85.3% |
| Accrued charges and deferred income492/3 | - | €191 | €2,631 | €4,230 | €757 | ▼ 82.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,931 | €57,812 | €43,831 | €14,964 | €41,013 | ▲ 174% |
| + Depreciation and write-downs630 | €30,897 | €27,204 | €11,459 | €6,720 | €10,185 | ▲ 51.6% |
| Operating cash flow (approximation) | €35,828 | €85,016 | €55,289 | €21,684 | €51,198 | ▲ 136% |
| Investment in fixed assets (approximation) | - | -€5,256 | €0 | €0 | -€22,755 | - |
| Change in cash | - | €63,053 | -€4,050 | €55,090 | €22,953 | ▼ 58.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 8.57
Current ratio from 4.09 to 8.57; short-term debt falls from €71,176 to €31,414.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €225,383 ▲24.1%
4 profitable years in a row build equity to €225,383.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €57,812 ▲1,072%
Operating result €66,651, net result €57,812, both a record.
31-12
Financial
Equity above €150,000Eq €181,552 ▲46.7%
3 profitable years in a row build equity to €181,552.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Back to profitnet €5,051
Net result €5,051 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Show earlier events
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Riemst · 1 establishment unit since 2007
Ground area
924 m²
Building footprint
141 m²
Volume, LiDAR
1,162 m³
Parcel 73102C0326/00P000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DEVO
since 20072.164.828.974
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73102C0326/00P000 | Flanders | 924 m² | 1 · 141 m² | 12.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 327 EUR awarded · 327 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 156 EUR | 156 EUR |
| 2022 | 1 | 171 EUR | 171 EUR |
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Of 8,574 companies in sector 43410 we hold annual accounts for 4,367. 3,385 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
Founded06-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43320Joinery installation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889896410
Also
9925:BE0889896410
Registered
24-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.