Summary
DEVO - 43 is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €33,343 and a net result of €5,487, of which €5,729 non-recurring income. Equity has been stable since 2018 (±2.4% per year). Its solvency ranks better than 41% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-08-1999 Normal situation
- Activity
- Activities of holding companies NACE 64210and 5 others
- Establishment unit
- 2.092.984.539 3510 Hasselt, since 30-11-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- Jamaer DanyDirector · since 03-08-1999
- Bynens Renilde ElisabethDirector · since 01-01-2007
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €5,487
- ▲ 161%
- Equity
- €33,343
- ▲ 19.7%
- Total assets
- €83,088
- ▲ 44.7%
- 2025 accounts filed 18 days after the deadline
Signalslowers riskGrowing equityneutralA punctual record breaksShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
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.
Signals
Two signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €33,343
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
18 days late
2024
9 days early
2023
8 days early
2022
38 days early
2021
53 days early
2020
22 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 18 days after the deadline Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00403896.
Annual accounts 2025 filed on 18-08-2026 at the NBB all 25 filings
Equity
€33,343▲ 19.7%
2024 · €27,856
Net result
€5,487▲ 161%
2024 · €2,104
Total assets
€83,088▲ 44.7%
2024 · €57,417
Solvency
40.1%▼ 8.4pp
2024 · 48.5%
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€5,450
▲ 165%
2025
20182025
Net result
€5,487
▲ 161%
2025
middle half of the sector
20182025
Equity
€33,343
▲ 19.7%
2025
lowest quarter of the sector
20182025
Total assets
€83,088
▲ 44.7%
2025
lowest quarter of the sector
20182025
Debt
€49,745
▲ 68.3%
2025
20182025
Working capital
€990
▼ 96.4%
2025
middle half of the sector
20182025
Solvency
40.1%
▼ 8.4pp
2025
middle half of the sector
20182025
Current ratio
1.02
▼ 1.03
2025
middle half of the sector
20182025
Return on assets (ROA)
6.6%
▲ 2.9pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€16,630-€17,829▲ 7.2%€3,435▼ 80.7%-€15,464-€1,054▲ 93.2%-€1,660▼ 57.5%€2,056€5,450▲ 165%
Net result€13,831-€11,353▼ 17.9%€2,926within the sector's middle half▼ 74.2%-€15,576below the sector's middle half-€1,111below the sector's middle half▲ 92.9%-€1,709below the sector's middle half▼ 53.9%€2,104below the sector's middle half€5,487within the sector's middle half▲ 161%
Equity€29,868-€41,221▲ 38.0%€44,147within the sector's middle half▲ 7.1%€28,571below the sector's middle half▼ 35.3%€27,461below the sector's middle half▼ 3.9%€25,752below the sector's middle half▼ 6.2%€27,856below the sector's middle half▲ 8.2%€33,343below the sector's middle half▲ 19.7%
Total assets€83,831-€77,342▼ 7.7%€77,676below the sector's middle half▲ 0.4%€53,788below the sector's middle half▼ 30.8%€55,109below the sector's middle half▲ 2.5%€55,559below the sector's middle half▲ 0.8%€57,417below the sector's middle half▲ 3.3%€83,088below the sector's middle half▲ 44.7%
Debt€53,963-€36,121▼ 33.1%€33,529▼ 7.2%€25,217▼ 24.8%€27,648▲ 9.6%€29,807▲ 7.8%€29,561▼ 0.8%€49,745▲ 68.3%
Working capital€16,215-€31,456▲ 94.0%€34,741within the sector's middle half▲ 10.4%€23,375within the sector's middle half▼ 32.7%€21,018within the sector's middle half▼ 10.1%€22,200within the sector's middle half▲ 5.6%€27,329within the sector's middle half▲ 23.1%€990within the sector's middle half▼ 96.4%
Solvency35.6%-53.3%▲ 17.7pp56.8%within the sector's middle half▲ 3.5pp53.1%within the sector's middle half▼ 3.7pp49.8%within the sector's middle half▼ 3.3pp46.4%within the sector's middle half▼ 3.5pp48.5%within the sector's middle half▲ 2.2pp40.1%within the sector's middle half▼ 8.4pp
Current ratio1.39-2.18▲ 0.792.23within the sector's middle half▲ 0.052.08within the sector's middle half▼ 0.151.87within the sector's middle half▼ 0.211.84within the sector's middle half▼ 0.032.05within the sector's middle half▲ 0.201.02within the sector's middle half▼ 1.03
Return on assets (ROA)16.5%-14.7%▼ 1.8pp3.8%within the sector's middle half▼ 10.9pp-29.0%below the sector's middle half▼ 32.7pp-2.0%below the sector's middle half▲ 26.9pp-3.1%below the sector's middle half▼ 1.1pp3.7%within the sector's middle half▲ 6.7pp6.6%within the sector's middle half▲ 2.9pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 165% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83,088
Fixed assets
€35,853 ▲ 790%
Current assets
€47,235 ▼ 11.5%
Equity and liabilities €83,088
Equity
€33,343 ▲ 19.7%
Debt
€49,745 ▲ 68.3%
Debt's share of the balance-sheet total rises from 51.5% to 59.9%. Equity and debt are higher.
Key figures and ratios
ROE
16.5%▲
2024 · 7.6%
Debt ≤ 1 year
€46,245▲
2024 · €26,061
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,000 | €25,150 | €1,227 | - | €42,016 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €6,936 | €3,413 | €4,131 | €3,025 | €10,190 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €445 awarded · €445 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,306 | €0 | - | - | €5,729 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,341 | €9,037 | €8,322 | €6,936 | €3,413 | €4,131 | €3,025 | €10,190 | ▲ 237% |
| Other operating charges640/8 | - | - | - | €1,011 | €1,148 | €1,016 | €1,110 | €1,071 | ▼ 3.5% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €438 | €0 | ▼ 100% |
| Gross operating margin9900 | €26,454 | €28,128 | €13,138 | -€7,517 | €3,507 | €3,487 | €6,628 | €16,710 | ▲ 152% |
| Operating profit (loss)9901 | €16,630 | €17,829 | €3,435 | -€15,464 | -€1,054 | -€1,660 | €2,056 | €5,450 | ▲ 165% |
| Financial income75/76B | - | - | - | €1 | €0 | €107 | €116 | €203 | ▲ 75.2% |
| Recurring financial income75 | €17 | €1 | €49 | €1 | €0 | €107 | €116 | €203 | ▲ 75.2% |
| Financial charges65/66B | - | - | - | €103 | €57 | €156 | €67 | €166 | ▲ 147% |
| Recurring financial charges65 | €1,577 | €1,306 | €86 | €103 | €57 | €156 | €67 | €166 | ▲ 147% |
| Profit (loss) for the period before taxes9903 | €15,070 | €16,523 | €3,398 | -€15,565 | -€1,111 | -€1,709 | €2,104 | €5,487 | ▲ 161% |
| Income taxes67/77 | €1,239 | €5,170 | €472 | €11 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €13,831 | €11,353 | €2,926 | -€15,576 | -€1,111 | -€1,709 | €2,104 | €5,487 | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | €13,831 | €11,353 | €2,926 | -€15,576 | -€1,111 | -€1,709 | €2,104 | €5,487 | ▲ 161% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €83,831 | €77,342 | €77,676 | €53,788 | €55,109 | €55,559 | €57,417 | €83,088 | ▲ 44.7% |
| Fixed assets21/28 | €25,781 | €19,118 | €14,632 | €8,696 | €9,955 | €7,052 | €4,027 | €35,853 | ▲ 790% |
| Tangible fixed assets22/27 | €25,696 | €19,033 | €14,547 | €8,611 | €9,870 | €6,967 | €3,942 | €35,768 | ▲ 807% |
| Furniture and vehicles24 | - | - | - | €1,544 | €4,184 | €2,661 | €971 | €34,133 | ▲ 35× |
| Leasing and similar rights25 | - | - | - | €0 | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €7,067 | €5,686 | €4,306 | €2,971 | €1,635 | ▼ 45.0% |
| Financial fixed assets28 | €85 | €85 | €85 | €85 | €85 | €85 | €85 | €85 | = |
| Current assets29/58 | €58,050 | €58,224 | €63,044 | €45,092 | €45,154 | €48,507 | €53,390 | €47,235 | ▼ 11.5% |
| Stocks and contracts in progress3 | €1,533 | €1,439 | €1,554 | €937 | €1,438 | €1,208 | €1,326 | €933 | ▼ 29.6% |
| Stocks30/36 | - | - | - | €937 | €1,438 | €1,208 | €1,326 | €933 | ▼ 29.6% |
| Amounts receivable within one year40/41 | €34,106 | €11,623 | €7,362 | €6,592 | €12,562 | €9,830 | €3,363 | €8,768 | ▲ 161% |
| Trade receivables40 | - | - | - | €2,064 | €10,562 | €9,798 | €2,628 | €8,728 | ▲ 232% |
| Other amounts receivable41 | - | - | - | €4,528 | €2,000 | €32 | €735 | €40 | ▼ 94.5% |
| Cash at bank and in hand54/58 | €20,819 | €43,640 | €52,569 | €36,389 | €29,909 | €36,108 | €47,960 | €36,610 | ▼ 23.7% |
| Deferred charges and accrued income490/1 | - | - | - | €1,174 | €1,245 | €1,360 | €741 | €923 | ▲ 24.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €83,831 | €77,342 | €77,676 | €53,788 | €55,109 | €55,559 | €57,417 | €83,088 | ▲ 44.7% |
| Equity10/15 | €29,868 | €41,221 | €44,147 | €28,571 | €27,461 | €25,752 | €27,856 | €33,343 | ▲ 19.7% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €11,276 | €22,629 | €25,555 | €25,555 | €25,555 | €23,696 | €23,696 | €23,696 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €23,696 | €23,696 | €21,836 | €21,836 | €21,836 | = |
| Profit (loss) carried forward14 | - | - | - | -€15,576 | -€16,686 | -€16,536 | -€14,432 | -€8,945 | ▲ 38.0% |
| Amounts payable17/49 | €53,963 | €36,121 | €33,529 | €25,217 | €27,648 | €29,807 | €29,561 | €49,745 | ▲ 68.3% |
| Amounts payable after more than one year17 | €9,960 | €5,853 | €1,726 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €41,835 | €26,768 | €28,303 | €21,717 | €24,136 | €26,307 | €26,061 | €46,245 | ▲ 77.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,726 | €0 | - | - | - | - |
| Trade debts44 | €8,075 | €488 | €1,303 | €596 | €1,688 | €1,683 | €1,231 | €1,308 | ▲ 6.2% |
| Suppliers440/4 | - | - | - | €596 | €1,688 | €1,683 | €1,231 | €1,308 | ▲ 6.2% |
| Taxes, remuneration and social security45 | - | - | - | €546 | €2,609 | €2,369 | €1,379 | €4,267 | ▲ 209% |
| Taxes450/3 | - | - | - | €546 | €1,364 | €1,060 | €70 | €2,958 | ▲ 42× |
| Remuneration and social security454/9 | - | - | - | - | €1,245 | €1,309 | €1,309 | €1,309 | = |
| Other amounts payable47/48 | - | - | - | €18,849 | €19,839 | €22,255 | €23,451 | €40,670 | ▲ 73.4% |
| Accrued charges and deferred income492/3 | - | - | - | €3,500 | €3,512 | €3,500 | €3,500 | €3,500 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,831 | €11,353 | €2,926 | -€15,576 | -€1,111 | -€1,709 | €2,104 | €5,487 | ▲ 161% |
| + Depreciation and write-downs630 | €8,341 | €9,037 | €8,322 | €6,936 | €3,413 | €4,131 | €3,025 | €10,190 | ▲ 237% |
| Operating cash flow (approximation) | €22,172 | €20,391 | €11,248 | -€8,640 | €2,303 | €2,422 | €5,129 | €15,677 | ▲ 206% |
| Investment in fixed assets (approximation) | - | -€2,374 | -€3,835 | -€1,000 | -€4,672 | -€1,227 | €0 | -€42,016 | - |
| Change in cash | - | €22,821 | €8,929 | -€16,180 | -€6,480 | €6,200 | €11,852 | -€11,350 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00403896 | |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00304159 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00274870 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00151952 | |
| 31-12-2021 | micro format | 08-06-2022 | 2022-20050348 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33400042 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-24500262 | |
| 31-12-2018 | micro format | 28-06-2019 | 2019-24600225 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-25300080 | |
| 31-12-2016 | micro format | 25-07-2017 | 2017-36100143 |
Board & ownership
Directors
Directors
2 directors
Jamaer Dany
Current
Bynens Renilde Elisabeth
Current
Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Jamaer Dany |
|
| Bynens Renilde Elisabeth |
|
Network & group
DEVO - 43 shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of DEVO - 43. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
18-08
micro format · 18 days late
2025
22-07
micro format · 9 days before the deadline
2024
31-12
Financial
Back to profitnet €2,104
The net result is €2,104, after 3 loss-making years.
23-07
micro format · 8 days before the deadline
2023
23-06
micro format · 38 days before the deadline
2022
08-06
micro format · 53 days before the deadline
2021
31-12
Financial
Weakest financial yearnet -€15,576
The net result drops to -€15,576, the lowest from 2018 to 2025. It recovers the following year.
09-07
micro format · 22 days before the deadline
2020
30-06
micro format · 31 days before the deadline
2019
28-06
micro format · 33 days before the deadline
2018
28-06
micro format · 33 days before the deadline
2017
25-07
micro format · 6 days before the deadline
1999
12-08
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
DEVO - 43 in Dutch
Enterprise number
0466.642.650
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
03-08-1999
Entity type
Legal entity
Registered office and establishments
Registered office
Kersenstraat 7, 3510 Hasselt, Belgium
Establishment unit
Kersenstraat 7, 3510 Hasselt since 30-11-1999 · unit number 2.092.984.53938320 Waste collection, recovery and disposal activities
Activities
NACEBEL 202564210
Activities of holding companies main activity
52100
Warehousing and storage
52210
Service activities incidental to land transportation
52250
Logistics services
70200
Business and other management consultancy
81100
Combined facilities support activities
Codes under NACEBEL 2008
64200
Holdings main activity
52100
Warehousing and support activities for transportation
52210
Service activities incidental to land transportation
52290
Warehousing and support activities for transportation
70220
Business consulting
81100
Combined facilities support activities
Codes under NACEBEL 2003
74151
main activity
63122
63210
63401
70322
74142
Invoicing and payment
VAT number
BE 0466.642.650
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
799 m²
Building footprint
188 m²
Building volume
814 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71028B0173/00A002 | Flanders | 799 m² | 1 · 188 m² | 6.8 m · 1 |