Equity
€962,836 from €5.5m in 2021
Equity fell by 83% in 4 years.
DEVOCO
Lifetime
17 annual accounts with figures on one time axis, 26 filings since 1999peak €792,423 (2025)
€792,423▲ 7.5%
peak €784,640 (2016)
€520,430▲ 7.9%
peak €5.5m (2021)
€962,836▲ 2.2%
€542,423▲ 14.9%
Board4 names since 2020
3 directorsDe Saegher Christine and 2 others
Owners6 names in the annual accounts
50%STARIUS
Documentsfilings and deeds
27-07-20264 days before the deadline
2025financial year
Dividend €500,000Cash from €17,519 to €23,918
Key points
from the 2025 annual accountsFilings
26 annual accounts since 1999
The 2018 accounts came 29 days late. The other nine of the last ten were filed on time.
Position in the sector
€520,430
Higher net result than 86% of companies in real estate. Sector median €20,532 · 5,810 companies.
Checked score
95
Excellent
Financially stronger than 62% of micro companies in real estate (NACE 68)
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: 0.2% across 26,627 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025highest value
03-2025: 0.4%● unchanged vs 02-2025highest value
04-2025: 0.2%▼ -0.2 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
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%● unchanged 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 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.68, cash €23,918
lowers risk
Size: total assets €1.5m
Figures for financial year 2025 (filed on 27-07-2026)
Legal form: public limited company
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 68, micro). It does better than 74% of them on solvency, 28% on liquidity, 95% on profitability and 52% on growth.
The bankruptcy probability was computed on 05-11-2026 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, 20,137 companies had the same profile as DEVOCO has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of DEVOCO 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 20,137 companies, not a prediction for DEVOCO. 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 €90,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.68 (0.52 in 2024), below 1. Short-term debt is 35.9% and cash 1.6% of total assets. 36% of the assets are financed with debt and provisions.
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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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
8 days early
2023
55 days early
2022
4 days early
2021
13 days early
2020
3 days early
2019
on the day
← 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 12 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 23 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
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- J.-INVEST 99.79%2021 annual accounts of J.-INVEST
- STARIUS 50%score 83equity €20.4m (2025) · 2025 annual accounts of STARIUS
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0462131853
Resignation: J. Invest nv (managing director)
General meeting of 19-12-2023 · Gazette deed
Amendment of the articles · Resignations & appointments
General meeting of 20-12-2023 · Gazette deed
Registered office moved from Waasmunster to Sint-Niklaas
New registered office: Gentse baan 62 bus 201 te 9100 Sint-Niklaas · Previous registered office: Fazantenlaan 43 te 9250 Waasmunster · Board meeting of 22-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DEVOCO Sint-Niklaas | €1.5m | €792,423 | 64.0% | - |
| STRAATSBURGDOK TWEE Antwerp | €1.7m | €831,505 | 57.0% | - |
| DE RICK Lubbeek | €1.2m | €770,524 | 79.5% | - |
| IMMOLINCK Denderleeuw | €1.6m | €582,936 | 31.6% | - |
| Erembodegem Estate Aalst | €1.4m | €499,285 | 63.2% | - |
| D & D Immo Heusden-Zolder | €1.4m | €717,240 | 54.3% | - |
| LES JARDINS DE JOUVENCE Dour | €1.6m | €767,958 | 15.2% | 9.4 |
These companies have the same main activity as DEVOCO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.2m and €1.7m, founded between 1990 and 2004.
Official details
Source: KBO- Status
- Active since 17-12-1997Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
- Establishment unit
- 2.103.116.6839100 Sint-Niklaas, since 15-06-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €880,000estimated
- €1.5m▲ 6.4%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on DEVOCO
DEVOCO has existed since 1997. The gross margin grew from €83,759 in 2008 to €792,423 in 2025.
The gross margin has grown every year since 2021.
J.-INVEST holds all the shares.
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 DEVOCO
- What is the company number of DEVOCO?
- The company number of DEVOCO is 0462.131.853. The VAT number is the same number with BE in front: BE 0462.131.853.
- Where is DEVOCO based?
- The registered office is at Gentse Baan 62, 9100 Sint-Niklaas.Company details
- What does DEVOCO do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of DEVOCO?
- DEVOCO is a public limited company (NV).
- When was DEVOCO founded?
- DEVOCO was founded on 17-12-1997.
- Is DEVOCO still active?
- Yes, DEVOCO is an active enterprise in the KBO register.
- What is the turnover of DEVOCO?
- The turnover in financial year 2025 is ≈ €880,000. This figure is estimated from the gross margin of €792,423 and 39 comparable companies (NACE 68203). It probably lies between €830,000 and €1.1m.Financials
- Is DEVOCO profitable?
- In financial year 2025, DEVOCO made a profit of €520,430.
- Where can I find the annual accounts of DEVOCO?
- DEVOCO filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DEVOCO due?
- DEVOCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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