DEVOCO
ActiveDEVOCO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €963k and a net result of €520k. Equity is shrinking by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency89▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.52 in 2024; short-term debt: 35.9% and cash: 1.6% of total assets), and 36% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64%
Return on assets
34.6%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
8 d early
2023
55 d early
2022
4 d early
2021
13 d early
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€520k▲ 7.9%
2024 · €482k
2018: €431k
2019: €472k
2020: €513k
2021: €509k
2022: €527k
2023: €429k
2024: €482k
2018 → 2025
Working capital
€-171k▲ 24.2%
2024 · €-226k
2018: €3.68M
2019: €4.16M
2020: €3.88M
2021: €4.41M
2022: €56k
2023: €-221k
2024: €-226k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.50M-€1.28M▼ 76.7%€910k▼ 29.0%€942k▲ 3.6%€963k▲ 2.2%
Operating result€580k-€604k▲ 4.2%€579k▼ 4.2%€633k▲ 9.4%€686k▲ 8.4%
Net result€509k-€527k▲ 3.5%€429k▼ 18.6%€482k▲ 12.4%€520k▲ 7.9%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.51M
Fixed assets
€1.14M▼ 2.8%
Current assets
€370k▲ 50.2%
Equity and liabilities €1.51M
Equity
€963k▲ 2.2%
Debt
€542k▲ 14.9%
The debt ratio rises from 33.4% to 36.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€719k▲
2024 · €666k
Cash flow
€553k▲
2024 · €515k
Solvency
64.0%▼
2024 · 66.6%
Current ratio
0.68▲
2024 · 0.52
Quick ratio
0.68▲
2024 · 0.52
Debt / equity
0.56▲
2024 · 0.50
ROE
54.1%▲
2024 · 51.2%
ROA
34.6%▲
2024 · 34.1%
Interest coverage
481.50▼
2024 · 110508.50
Debt
€542k▲
2024 · €472k
Debt ≤ 1 year
€541k▲
2024 · €472k
Income taxes
€174k▲
2024 · €161k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.41M€1.51M▲
Fixed assets21/28€1.17M€1.14M▼
Tangible fixed assets22/27€1.17M€1.14M▼
Land and buildings22€1.09M€1.08M▼
Plant, machinery and equipment23€84k€55k▼
Current assets29/58€246k€370k▲
Amounts receivable within one year40/41€11k€69k▲
Trade receivables40€3k€4k▲
Other amounts receivable41€8k€65k▲
Current investments50/53€210k€265k▲
Cash at bank and in hand54/58€18k€24k▲
Deferred charges and accrued income490/1€7k€12k▲
Equity and liabilities
Total equity and liabilities10/49€1.41M€1.51M▲
Equity10/15€942k€963k▲
Contributions10/11€507k€507k=
Capital10€507k€507k=
Issued capital100€507k€507k=
Reserves13€436k€456k▲
Non-distributable reserves130/1€51k€51k=
Legal reserve130€51k€51k=
Distributable reserves133€385k€405k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€472k€542k▲
Amounts payable within one year42/48€472k€541k▲
Trade debts44€12k€4k▼
Suppliers440/4€12k€4k▼
Taxes, remuneration and social security45€10k€37k▲
Taxes450/3€10k€37k▲
Other amounts payable47/48€450k€500k▲
Accrued charges and deferred income492/3€206€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€33k=
Other operating charges640/8€71k€73k▲
Gross operating margin9900€737k€792k▲
Operating profit (loss)9901€633k€686k▲
Financial income75/76B€10k€9k▼
Recurring financial income75€10k€9k▼
Financial charges65/66B€6€1k▲
Recurring financial charges65€6€1k▲
Profit (loss) for the period before taxes9903€643k€694k▲
Income taxes67/77€161k€174k▲
Profit (loss) for the period9904€482k€520k▲
Profit (loss) for the period to be appropriated9905€482k€520k▲
Appropriation of the result
Profit (loss) to be appropriated9906€482k€520k▲
Transfer from equity791/2€0-
Transfer to equity691/2€32k€20k▼
To other reserves6921€32k€20k▼
Profit to be distributed694/7€450k€500k▲
Return on contributions (dividend)694€450k€500k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €429k ▼18.6%
Net result drops to €429k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €527k ▲3.5%
Net result €527k, the highest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €5MEq €5.50M ▲10.2%
4 profitable years in a row build equity to €5.50M.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 476current ratio 5339.53
Current ratio from 11.22 to 5339.53; short-term debt falls from €407k to €728.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Sint-Niklaas · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentse Baan 629100 Sint-NiklaasGround area
2.9 ha
Building footprint
7,313 m²
Volume, LiDAR
70,703 m³
Parcel 46444D0233/00M000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Gentse Baan 62, 9100 Sint-Niklaas
since 19982.103.116.683
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46444D0233/00M000 | Flanders | 2.9 ha | 1 · 7,313 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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PATRIZIA ERP BRUSSELS BAMBOU
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KYARA
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KOBA Invest
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 4,154 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-12-1997
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
35150Electricity, gas, steam and air conditioning supply
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.