DEVOCON
ActiveSummary
DEVOCON has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134k and a net result of €31k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 46% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-15
Solvency76▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 3.06 in 2024; short-term debt: 40.3% and cash: 16.3% of total assets), and 48.9% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
51.1%
Return on assets
11.7%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
on the day
2023
35 d early
2022
39 d early
2021
32 d early
2020
31 d early
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€134k▼ 22.7%
2024 · €173k
Total assets
€262k▲ 3.0%
2024 · €254k
Net result
€31k▼ 49.3%
2024 · €60k
Working capital
€69k▼ 33.7%
2024 · €104k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€41k▼ 15.7%€26k▼ 37.7%€49k▲ 88.6%€88k▲ 81.1%€47k▼ 46.1%
Net result€25k▼ 19.7%€14k▼ 45.1%€31k▲ 129%€60k▲ 91.6%€31k▼ 49.3%
Equity€147k▲ 6.0%€127k▼ 13.3%€139k▲ 9.2%€173k▲ 24.5%€134k▼ 22.7%
Total assets€336k▼ 7.8%€334k▼ 0.4%€344k▲ 3.0%€254k▼ 26.3%€262k▲ 3.0%
Debt€189k▼ 16.2%€207k▲ 9.6%€205k▼ 0.8%€81k▼ 60.5%€128k▲ 57.9%
Working capital€19k▲ 67.1%€-9k€-7k▲ 23.4%€104k€69k▼ 33.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262k
Fixed assets
€87k ▼ 12.2%
Current assets
€175k ▲ 12.8%
Equity and liabilities €262k
Equity
€134k ▼ 22.7%
Debt
€128k ▲ 57.9%
Debt's share of the balance-sheet total rises from 31.9% to 48.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€69k▼
2024 · €110k
Cash flow
€52k▼
2024 · €82k
Current ratio
1.66▼
2024 · 3.06
Debt to equity
0.96▲
2024 · 0.47
ROE
22.8%▼
2024 · 34.8%
ROA
11.7%▼
2024 · 23.7%
Interest coverage
20.50▼
2024 · 27.47
Debt ≤ 1 year
€106k▲
2024 · €51k
Debt > 1 year
€23k▼
2024 · €30k
Income taxes
€16k▼
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €27k | €0 | €4k | €53k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €32k | €32k | €22k | €22k | ▲ 0.6% |
| Other operating charges640/8 | €649 | €832 | €1k | €2k | €1k | ▼ 31.5% |
| Gross operating margin9900 | €71k | €58k | €82k | €111k | €71k | ▼ 36.7% |
| Operating profit (loss)9901 | €41k | €26k | €49k | €88k | €47k | ▼ 46.1% |
| Financial income75/76B | €1 | €2k | €99 | €150 | €2k | ▲ 1,213% |
| Recurring financial income75 | €1 | €0 | €99 | €150 | €2k | ▲ 1,213% |
| Non-recurring financial income76B | - | €2k | €0 | - | - | - |
| Financial charges65/66B | €4k | €4k | €3k | €4k | €3k | ▼ 15.3% |
| Recurring financial charges65 | €4k | €4k | €3k | €4k | €3k | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €37k | €23k | €45k | €84k | €46k | ▼ 45.3% |
| Income taxes67/77 | €12k | €10k | €14k | €24k | €16k | ▼ 35.2% |
| Profit (loss) for the period9904 | €25k | €14k | €31k | €60k | €31k | ▼ 49.3% |
| Transfer from tax-exempt reserves789 | - | €3k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €25k | €17k | €31k | €60k | €31k | ▼ 49.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €336k | €334k | €344k | €254k | €262k | ▲ 3.0% |
| Fixed assets21/28 | €255k | €250k | €241k | €99k | €87k | ▼ 12.2% |
| Tangible fixed assets22/27 | €255k | €250k | €241k | €99k | €87k | ▼ 12.2% |
| Land and buildings22 | €131k | €140k | €145k | €6k | €5k | ▼ 17.8% |
| Plant, machinery and equipment23 | €113k | €94k | €3k | €2k | €1k | ▼ 48.9% |
| Furniture and vehicles24 | €11k | €17k | €89k | €87k | €77k | ▼ 11.4% |
| Other tangible fixed assets26 | - | - | €4k | €4k | €4k | = |
| Current assets29/58 | €81k | €84k | €103k | €155k | €175k | ▲ 12.8% |
| Amounts receivable within one year40/41 | €16k | €27k | €37k | €17k | €126k | ▲ 650% |
| Trade receivables40 | €14k | €27k | €37k | €16k | €18k | ▲ 13.5% |
| Other amounts receivable41 | €2k | €223 | €0 | €592 | €107k | ▲ 18,067% |
| Cash at bank and in hand54/58 | €41k | €40k | €60k | €138k | €43k | ▼ 69.2% |
| Deferred charges and accrued income490/1 | €25k | €17k | €6k | €0 | €6k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €336k | €334k | €344k | €254k | €262k | ▲ 3.0% |
| Equity10/15 | €147k | €127k | €139k | €173k | €134k | ▼ 22.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €140k | €121k | €132k | €166k | €127k | ▼ 23.6% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €3k | €0 | - | - | - | - |
| Distributable reserves133 | €135k | €119k | €132k | €166k | €127k | ▼ 23.6% |
| Profit (loss) carried forward14 | €295 | €295 | €295 | €295 | €295 | = |
| Amounts payable17/49 | €189k | €207k | €205k | €81k | €128k | ▲ 57.9% |
| Amounts payable after more than one year17 | €127k | €114k | €95k | €30k | €23k | ▼ 26.1% |
| Financial debts170/4 | €127k | €114k | €95k | €30k | €23k | ▼ 26.1% |
| Amounts payable within one year42/48 | €62k | €93k | €111k | €51k | €106k | ▲ 109% |
| Current portion of amounts payable after more than one year42 | €16k | €19k | €19k | €9k | €11k | ▲ 22.9% |
| Trade debts44 | €14k | €8k | €17k | €8k | €8k | ▼ 5.6% |
| Suppliers440/4 | €14k | €8k | €17k | €8k | €8k | ▼ 5.6% |
| Advances received on contracts in progress46 | - | - | €9k | €0 | - | - |
| Taxes, remuneration and social security45 | €3k | €4k | €7k | €7k | €17k | ▲ 134% |
| Taxes450/3 | €3k | €4k | €7k | €7k | €17k | ▲ 134% |
| Other amounts payable47/48 | €28k | €63k | €58k | €26k | €70k | ▲ 167% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €14k | €31k | €60k | €31k | ▼ 49.3% |
| + Depreciation and write-downs630 | €29k | €32k | €32k | €22k | €22k | ▲ 0.6% |
| Operating cash flow (approximation) | €54k | €46k | €63k | €82k | €52k | ▼ 36.0% |
| Investment in fixed assets (approximation) | - | €-28k | €-22k | €120k | €-10k | ▼ 108% |
| Change in cash | - | €-769 | €20k | €78k | €-96k | ▼ 223% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €60k ▲91.6%
Operating result €88k, net result €60k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.06
Current ratio from 0.93 to 3.06; short-term debt falls from €111k to €51k.
31-12
Financial
Equity above €150kEq €173k ▲24.5%
7 profitable years in a row build equity to €173k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €14k ▼45.1%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Schilde · 1 establishment unit since 2011
Ground area
1,251 m²
Building footprint
127 m²
Volume, LiDAR
695 m³
Parcel 11041B0072/00C000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Devocon
since 20112.203.365.886
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0072/00C000 | Flanders | 1,250 m² | 1 · 126 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,878 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.