Summary
DEVOCO 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 €223,519 and a net result of €2,727. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 77% of 3002 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, micro schema
In the rankings
#7 oldest company in Machelen, Finance and insurance sector
Equity
€223,519▲ 1.2%
2024 · €220,792
Net result
€2,727▼ 5.0%
2024 · €2,870
Total assets
€285,322▼ 7.1%
2024 · €307,274
Solvency
78.3%▲ 6.5pp
2024 · 71.9%
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result falls in 2025; 2025 is 18% below 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€7,972
2025
Net result€2,727
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€285,322
2025
Equity€223,519
2025
Debt€61,803
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€121,578
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency78.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.76
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€37,536-€17,378▼ 53.7%€6,932▼ 60.1%€13,357▲ 92.7%€20,710▲ 55.1%€5,905▼ 71.5%€9,776▲ 65.6%€7,972▼ 18.5%
Net result€27,625-€9,654▼ 65.1%€2,348below the sector's middle half▼ 75.7%€7,580within the sector's middle half▲ 223%€13,466within the sector's middle half▲ 77.7%€1,009below the sector's middle half▼ 92.5%€2,870below the sector's middle half▲ 184%€2,727below the sector's middle half▼ 5.0%
Equity€183,865-€193,519▲ 5.3%€195,868within the sector's middle half▲ 1.2%€203,447within the sector's middle half▲ 3.9%€216,913within the sector's middle half▲ 6.6%€217,922within the sector's middle half▲ 0.5%€220,792within the sector's middle half▲ 1.3%€223,519within the sector's middle half▲ 1.2%
Total assets€408,276-€399,668▼ 2.1%€391,123within the sector's middle half▼ 2.1%€382,330within the sector's middle half▼ 2.2%€324,747within the sector's middle half▼ 15.1%€318,973within the sector's middle half▼ 1.8%€307,274within the sector's middle half▼ 3.7%€285,322within the sector's middle half▼ 7.1%
Debt€224,411-€206,149▼ 8.1%€195,256▼ 5.3%€178,883▼ 8.4%€107,834▼ 39.7%€101,051▼ 6.3%€86,483▼ 14.4%€61,803▼ 28.5%
Working capital€105,488-€114,648▲ 8.7%€112,048within the sector's middle half▼ 2.3%€123,637within the sector's middle half▲ 10.3%€132,201within the sector's middle half▲ 6.9%€127,868within the sector's middle half▼ 3.3%€132,588within the sector's middle half▲ 3.7%€121,578within the sector's middle half▼ 8.3%
Solvency45.0%-48.4%▲ 3.4pp50.1%within the sector's middle half▲ 1.7pp53.2%within the sector's middle half▲ 3.1pp66.8%within the sector's middle half▲ 13.6pp68.3%within the sector's middle half▲ 1.5pp71.9%within the sector's middle half▲ 3.5pp78.3%above the sector's middle half▲ 6.5pp
Current ratio2.04-2.12▲ 0.092.01within the sector's middle half▼ 0.112.17within the sector's middle half▲ 0.153.89within the sector's middle half▲ 1.723.62within the sector's middle half▼ 0.274.39above the sector's middle half▲ 0.784.76above the sector's middle half▲ 0.36
Return on assets (ROA)6.8%-2.4%▼ 4.4pp0.6%below the sector's middle half▼ 1.8pp2.0%within the sector's middle half▲ 1.4pp4.1%within the sector's middle half▲ 2.2pp0.3%below the sector's middle half▼ 3.8pp0.9%below the sector's middle half▲ 0.6pp1.0%below the sector's middle half=
Staff (FTE)0.80.8below the sector's middle half=1▲ 25.0%1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285,322
Fixed assets
€131,406 ▼ 3.1%
Current assets
€153,916 ▼ 10.3%
Equity and liabilities €285,322
Equity
€223,519 ▲ 1.2%
Debt
€61,803 ▼ 28.5%
Debt's share of the balance-sheet total falls from 28.1% to 21.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.2%▼
2024 · 1.3%
Debt ≤ 1 year
€32,338▼
2024 · €39,057
Debt > 1 year
€29,465▼
2024 · €41,114
Income taxes
€2,172▼
2024 · €2,346
Staff costs
€28,333▲
2024 · €27,709
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €21,029 | €25,247 | €26,961 | €27,709 | €28,333 | ▲ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,065 | €19,308 | €16,960 | €17,334 | €6,216 | €6,622 | €6,640 | €6,078 | ▼ 8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Other operating charges640/8 | - | - | - | €1,644 | €1,734 | €8,019 | €5,713 | €2,421 | ▼ 57.6% |
| Gross operating margin9900 | €58,338 | €58,487 | €50,297 | €53,364 | €66,407 | €60,007 | €62,338 | €57,303 | ▼ 8.1% |
| Operating profit (loss)9901 | €37,536 | €17,378 | €6,932 | €13,357 | €20,710 | €5,905 | €9,776 | €7,972 | ▼ 18.5% |
| Financial income75/76B | - | - | - | €1 | - | €38 | €92 | €89 | ▼ 3.5% |
| Recurring financial income75 | €9 | €1 | €0 | €1 | - | €38 | €92 | €89 | ▼ 3.5% |
| Financial charges65/66B | - | - | - | €1,681 | €2,307 | €3,094 | €4,653 | €3,161 | ▼ 32.1% |
| Recurring financial charges65 | €3,832 | €2,587 | €2,066 | €1,681 | €2,307 | €3,094 | €4,653 | €3,161 | ▼ 32.1% |
| Profit (loss) for the period before taxes9903 | €33,713 | €14,733 | €4,866 | €11,677 | €18,403 | €2,848 | €5,216 | €4,899 | ▼ 6.1% |
| Income taxes67/77 | €6,088 | €5,079 | €2,518 | €4,097 | €4,937 | €1,839 | €2,346 | €2,172 | ▼ 7.4% |
| Profit (loss) for the period9904 | €27,625 | €9,654 | €2,348 | €7,580 | €13,466 | €1,009 | €2,870 | €2,727 | ▼ 5.0% |
| Profit (loss) for the period to be appropriated9905 | €27,625 | €9,654 | €2,348 | €7,580 | €13,466 | €1,009 | €2,870 | €2,727 | ▼ 5.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €408,276 | €399,668 | €391,123 | €382,330 | €324,747 | €318,973 | €307,274 | €285,322 | ▼ 7.1% |
| Fixed assets21/28 | €201,037 | €182,887 | €168,626 | €152,956 | €146,740 | €142,268 | €135,629 | €131,406 | ▼ 3.1% |
| Tangible fixed assets22/27 | €200,978 | €182,887 | €168,626 | €152,956 | €146,740 | €142,268 | €135,629 | €131,406 | ▼ 3.1% |
| Land and buildings22 | - | - | - | €149,200 | €144,100 | €139,000 | €133,900 | €128,800 | ▼ 3.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | €880 | €661 | €443 | ▼ 33.0% |
| Furniture and vehicles24 | - | - | - | €3,756 | €2,640 | €2,389 | €1,067 | €2,163 | ▲ 103% |
| Financial fixed assets28 | €59 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €207,239 | €216,781 | €222,497 | €229,374 | €178,007 | €176,705 | €171,646 | €153,916 | ▼ 10.3% |
| Amounts receivable within one year40/41 | €6,829 | €12,295 | €18,129 | €17,972 | €123,710 | €116,580 | €100,587 | €89,055 | ▼ 11.5% |
| Trade receivables40 | - | - | - | €16,945 | €123,647 | €113,408 | €94,734 | €83,519 | ▼ 11.8% |
| Other amounts receivable41 | - | - | - | €1,027 | €63 | €3,172 | €5,853 | €5,536 | ▼ 5.4% |
| Current investments50/53 | - | €10,000 | €11,000 | €11,000 | €11,000 | €11,000 | €11,000 | €12,000 | ▲ 9.1% |
| Cash at bank and in hand54/58 | €198,053 | €192,687 | €191,126 | €197,783 | €41,482 | €39,560 | €52,449 | €48,404 | ▼ 7.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2,619 | €1,816 | €9,564 | €7,609 | €4,457 | ▼ 41.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €408,276 | €399,668 | €391,123 | €382,330 | €324,747 | €318,973 | €307,274 | €285,322 | ▼ 7.1% |
| Equity10/15 | €183,865 | €193,519 | €195,868 | €203,447 | €216,913 | €217,922 | €220,792 | €223,519 | ▲ 1.2% |
| Contributions10/11 | €8,676 | €8,676 | - | €8,676 | €8,676 | €8,676 | €8,676 | €8,676 | = |
| Reserves13 | €5,859 | €5,859 | €5,859 | €5,859 | €5,859 | €5,859 | €5,859 | €5,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | - | - | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €169,330 | €178,984 | €181,332 | €188,912 | €202,377 | €203,386 | €206,256 | €208,983 | ▲ 1.3% |
| Amounts payable17/49 | €224,411 | €206,149 | €195,256 | €178,883 | €107,834 | €101,051 | €86,483 | €61,803 | ▼ 28.5% |
| Amounts payable after more than one year17 | €122,660 | €104,016 | €84,806 | €73,146 | €62,028 | €52,214 | €41,114 | €29,465 | ▼ 28.3% |
| Financial debts170/4 | - | - | - | €73,146 | €62,028 | €52,214 | €41,114 | €29,465 | ▼ 28.3% |
| Amounts payable within one year42/48 | €101,751 | €102,133 | €110,449 | €105,737 | €45,806 | €48,837 | €39,057 | €32,338 | ▼ 17.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,332 | €12,819 | €10,570 | €12,805 | €11,649 | ▼ 9.0% |
| Financial debts43 | - | - | - | - | - | €1,702 | - | - | - |
| Credit institutions430/8 | - | - | - | - | - | €1,702 | - | - | - |
| Trade debts44 | €65,412 | €70,954 | €68,768 | €83,436 | €2,429 | €12,068 | €6,613 | €1,458 | ▼ 78.0% |
| Suppliers440/4 | - | - | - | €83,436 | €2,429 | €12,068 | €6,613 | €1,458 | ▼ 78.0% |
| Taxes, remuneration and social security45 | - | - | - | €4,605 | €6,204 | €4,104 | €4,242 | €10,430 | ▲ 146% |
| Taxes450/3 | - | - | - | €629 | - | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | €3,976 | €6,204 | €4,104 | €4,242 | €10,430 | ▲ 146% |
| Other amounts payable47/48 | - | - | - | €4,364 | €24,354 | €20,393 | €15,397 | €8,801 | ▼ 42.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €6,311 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,625 | €9,654 | €2,348 | €7,580 | €13,466 | €1,009 | €2,870 | €2,727 | ▼ 5.0% |
| + Depreciation and write-downs630 | €19,065 | €19,308 | €16,960 | €17,334 | €6,216 | €6,622 | €6,640 | €6,078 | ▼ 8.5% |
| Operating cash flow (approximation) | €46,690 | €28,963 | €19,308 | €24,914 | €19,682 | €7,631 | €9,509 | €8,805 | ▼ 7.4% |
| Investment in fixed assets (approximation) | - | -€1,159 | -€2,699 | -€1,664 | €0 | -€2,150 | €0 | -€1,855 | - |
| Change in cash | - | -€5,366 | -€1,561 | €6,657 | -€156,301 | -€1,921 | €12,889 | -€4,046 | ▼ 131% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 4,685 companies in this sector we hold annual accounts for 3,258. 2,824 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector