Turnover
≈ €93,000 estimated
The micro format states no turnover.
DEVO ELEC
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €119,402 (2018)
€11,306▼ 2.4%
lowest -€66,011 (2012)
€1,566▼ 50.8%
peak €155,812 (2018)
€114,551▲ 1.4%
€30,450▲ 46.7%
peak 0.5 FTE (2006)
-not published
Board1 name since 2021
1 directorDE VOS Johan
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Result from €3,183 to €1,566Debts from €20,754 to €30,450Cash from €51,023 to €87,902
Key points
from the 2025 annual accountsInvestments
€19,994 3.0 × depreciation
Green is investment, beige is depreciation.
Filings
33 annual accounts since 1993
The last five annual accounts were filed 22 to 51 days before the end of the period.
Checked score
96
Excellent
Financially stronger than 64% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025highest value
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 4.31, cash €87,902
Equity €114,551 (79.0% of total assets)
Founded in 1992
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 90% of them on solvency, 90% on liquidity, 38% on profitability and 39% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as DEVO ELEC has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DEVO ELEC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,041 companies, not a prediction for DEVO ELEC. 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.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.31 (5.48 in 2024), above the usual 1.5. Short-term debt is 21% and cash 60.6% of total assets. 21% of the assets are financed with debt and provisions.
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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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 days early
2024
51 days early
2023
22 days early
2022
25 days early
2021
39 days early
2020
26 days early
2019
24 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 33 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0448427535
Resignation: DE VOS Johan (director)
Reappointment: DE VOS Johan (director) · Director discharge: DE VOS Johan (manager) · General meeting of 12-06-2023 · Gazette deed
First establishment
Steenhuizestraat 37, Herzele
Incorporation
published on 05-11-1992 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DEVO ELEC Herzele | €145,002 | €11,306 | 79.0% | - |
| SERGE DEMONTY Verviers | €144,405 | €10,398 | -31.9% | - |
| Etablissements MARTELEUR Francis Couvin | €157,732 | €9,631 | 47.9% | - |
| DECOCK KOEN Oostrozebeke | €158,317 | €12,455 | 93.8% | - |
| LUC DEHEM Wervik | €144,802 | €13,202 | 95.1% | - |
| EDDY DE WILDE Zulte | €114,469 | €8,722 | 89.1% | - |
| Alain Philips Ghent | €169,232 | €16,924 | 93.8% | - |
These companies have the same main activity as DEVO ELEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €114,000 and €169,000, founded between 1990 and 1997.
Official details
Source: KBO- Status
- Active since 19-10-1992Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Joint committee
- 201Independent retail · annual accounts 2022
- Establishment unit
- 2.183.065.7669550 Herzele, since 01-11-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 07-08-2025
Annual accounts 2025
- €145,002▲ 8.4%
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on DEVO ELEC
DEVO ELEC files the micro format. That format states no turnover. The gross margin fell from €26,867 in 2006 to €11,306 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DEVO ELEC
- What is the company number of DEVO ELEC?
- The company number of DEVO ELEC is 0448.427.535. The VAT number is the same number with BE in front: BE 0448.427.535.
- Where is DEVO ELEC based?
- The registered office is at Steenhuizestraat 37, 9550 Herzele.Company details
- What does DEVO ELEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of DEVO ELEC?
- DEVO ELEC is a private limited company (BV).
- When was DEVO ELEC founded?
- DEVO ELEC was founded on 19-10-1992.
- Is DEVO ELEC still active?
- Yes, DEVO ELEC is an active enterprise in the KBO register.
- Which joint committee does DEVO ELEC fall under?
- In its 2022 annual accounts, DEVO ELEC states joint committee 201 (Independent retail).
- What is the turnover of DEVO ELEC?
- The turnover in financial year 2025 is ≈ €93,000. This figure is estimated from the gross margin of €11,306 and 97 comparable companies (NACE 43211). It probably lies between €61,000 and €200,000. It is a rough estimate.Financials
- Is DEVO ELEC profitable?
- In financial year 2025, DEVO ELEC made a profit of €1,566.
- Where can I find the annual accounts of DEVO ELEC?
- DEVO ELEC filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DEVO ELEC due?
- DEVO ELEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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