DEVOGES
ActiveFrom the official registers: KBO 22 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
DEVOGES has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,510 and a net result of €10,072. Equity has been growing by about 33% per year since 2018. Its solvency ranks better than 49% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 10-03-2004 Normal situation
- Activity
- Retail sale of fruit and vegetables NACE 47210
- Establishment unit
- 2.136.630.084 7700 Mouscron, since 05-03-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Board and ownership
- DEVOGHEL Céline Victorine AlberteDirector
- GESQUIERE Frank CamilleDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €29,355
- ▼ 36.4%
- Turnover
- ≈ €280,000
- estimated
- Profit
- €10,072
- ▼ 51.7%
- Equity
- €16,510
- ▲ 156%
- Total assets
- €50,720
- ▼ 23.3%
- Staff
- 1.3 FTE
- ▼ 35.0%
Score breakdownraises riskSector: Retail trade (NACE 47)Size: total assets €50,720lowers riskFounded in 2004Figures for financial year 2025 (filed on 04-08-2026)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 48% of them on solvency, 18% on liquidity, 88% on profitability and 95% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 22 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 51% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as DEVOGES: retail sale of fruit and vegetables (NACE 47210). They are comparable in size and age: total assets between €41,600 and €78,500, founded between 1998 and 2007.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| DEVOGES Mouscron | 2004 | €50,720 | €16,510 | €29,355 | - | €10,072 | 2025 |
| MOBINTEC Elsene | 2002 | €46,364 | €35,448 | €23,972 | - | €8,076 | 2025 |
| GEUNENS Herk-de-Stad | 1998 | €51,821 | -€11,960 | €28,138 | - | €11 | 2025 |
| Euro Burger Brussel | 2007 | €41,597 | -€18,829 | €25,819 | €60,521 | €14,846 | 2025 |
| Croc bon'heure Genappe | 2007 | €45,013 | €21,245 | €39,018 | - | €7,984 | 2025 |
| Therma Antwerpen | 1998 | €48,496 | €39,002 | €44,173 | - | -€6,832 | 2025 |
| VANQUELEFF RONALD Dour | 2001 | €78,451 | €67,101 | €19,314 | - | €7,507 | 2025 |
They were chosen from the 982 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as DEVOGES has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DEVOGES itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,445 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 31,368 companies, not a prediction for DEVOGES. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €8,335 | €12,545 | €11,437 | €10,008 | €7,161 | ▼ 28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,875 | €16,573 | €16,595 | €13,025 | €15,649 | €15,649 | €8,034 | €8,185 | ▲ 1.9% |
| Other operating charges640/8 | - | - | - | €1,697 | €2,100 | €2,372 | €2,453 | €2,865 | ▲ 16.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €3,038 | - | - |
| Gross operating margin9900 | €20,778 | €25,312 | €38,490 | €28,960 | €23,315 | €29,565 | €46,179 | €29,355 | ▼ 36.4% |
| Operating profit (loss)9901 | -€405 | €858 | €8,762 | €5,902 | -€6,979 | €108 | €22,646 | €11,144 | ▼ 50.8% |
| Financial income75/76B | - | - | - | €6,024 | €4 | €21 | €6 | €35 | ▲ 506% |
| Recurring financial income75 | €114 | €14 | €1,026 | €524 | €4 | €21 | €6 | €35 | ▲ 506% |
| Non-recurring financial income76B | - | - | - | €5,500 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €2,355 | €2,184 | €1,608 | €1,798 | €1,107 | ▼ 38.4% |
| Recurring financial charges65 | €4,193 | €3,295 | €3,096 | €2,355 | €2,184 | €1,608 | €1,798 | €1,107 | ▼ 38.4% |
| Profit (loss) for the period before taxes9903 | -€4,484 | -€2,852 | €6,692 | €9,571 | -€9,159 | -€1,479 | €20,854 | €10,072 | ▼ 51.7% |
| Profit (loss) for the period9904 | -€4,484 | -€2,852 | €6,692 | €9,571 | -€9,159 | -€1,479 | €20,854 | €10,072 | ▼ 51.7% |
| Profit (loss) for the period to be appropriated9905 | -€4,484 | -€2,852 | €6,692 | €9,571 | -€9,159 | -€1,479 | €20,854 | €10,072 | ▼ 51.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €95,535 | €76,047 | €75,047 | €91,267 | €74,993 | €57,644 | €66,085 | €50,720 | ▼ 23.3% |
| Fixed assets21/28 | €80,874 | €65,625 | €64,525 | €75,751 | €60,102 | €44,453 | €41,506 | €33,321 | ▼ 19.7% |
| Tangible fixed assets22/27 | €80,818 | €65,569 | €64,469 | €75,695 | €60,046 | €44,397 | €41,450 | €33,265 | ▼ 19.7% |
| Land and buildings22 | - | - | - | €43,878 | €36,152 | €28,426 | €29,777 | €27,899 | ▼ 6.3% |
| Plant, machinery and equipment23 | - | - | - | €942 | €673 | €404 | €135 | - | - |
| Furniture and vehicles24 | - | - | - | €30,875 | €23,221 | €15,567 | €11,538 | €5,365 | ▼ 53.5% |
| Financial fixed assets28 | €56 | €56 | €56 | €56 | €56 | €56 | €56 | €56 | = |
| Current assets29/58 | €14,661 | €10,422 | €10,522 | €15,516 | €14,891 | €13,191 | €24,579 | €17,399 | ▼ 29.2% |
| Stocks and contracts in progress3 | €3,930 | €2,965 | €2,043 | €3,029 | €7,029 | €4,919 | €3,389 | €4,425 | ▲ 30.6% |
| Stocks30/36 | - | - | - | €3,029 | €7,029 | €4,919 | €3,389 | €4,425 | ▲ 30.6% |
| Amounts receivable within one year40/41 | €9,545 | €6,417 | €5,623 | €11,482 | €7,000 | €6,994 | €14,595 | €10,735 | ▼ 26.4% |
| Trade receivables40 | - | - | - | €9,893 | €6,169 | €6,406 | €13,605 | €10,259 | ▼ 24.6% |
| Other amounts receivable41 | - | - | - | €1,589 | €832 | €589 | €990 | €476 | ▼ 51.9% |
| Cash at bank and in hand54/58 | €1,186 | €1,040 | €2,856 | €1,005 | €862 | €1,278 | €6,595 | €2,239 | ▼ 66.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €95,535 | €76,047 | €75,047 | €91,267 | €74,993 | €57,644 | €66,085 | €50,720 | ▼ 23.3% |
| Equity10/15 | -€17,189 | -€20,041 | -€13,349 | -€3,778 | -€12,937 | -€14,416 | €6,438 | €16,510 | ▲ 156% |
| Contributions10/11 | €25,000 | €25,000 | - | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€42,189 | -€45,041 | -€38,349 | -€28,778 | -€37,937 | -€39,416 | -€18,562 | -€8,490 | ▲ 54.3% |
| Amounts payable17/49 | €112,724 | €96,088 | €88,396 | €95,045 | €87,930 | €72,060 | €59,647 | €34,209 | ▼ 42.6% |
| Amounts payable after more than one year17 | €66,772 | €49,775 | €37,186 | €41,486 | €25,497 | €8,377 | €3,387 | - | - |
| Financial debts170/4 | - | - | - | €41,486 | €25,497 | €8,377 | €3,387 | - | - |
| Amounts payable within one year42/48 | €45,952 | €46,313 | €51,210 | €53,559 | €62,434 | €63,683 | €56,260 | €34,209 | ▼ 39.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,186 | €7,482 | €8,325 | €4,990 | €3,387 | ▼ 32.1% |
| Financial debts43 | - | - | - | €2,637 | €3,558 | €3,437 | €3,323 | €2,879 | ▼ 13.4% |
| Credit institutions430/8 | - | - | - | €2,637 | €3,558 | €3,437 | €3,323 | €2,879 | ▼ 13.4% |
| Trade debts44 | €12,060 | €15,090 | €14,334 | €15,597 | €28,512 | €32,923 | €27,019 | €12,886 | ▼ 52.3% |
| Suppliers440/4 | - | - | - | €15,597 | €28,512 | €32,923 | €27,019 | €12,886 | ▼ 52.3% |
| Taxes, remuneration and social security45 | - | - | - | €2,610 | €2,968 | €3,719 | €1,943 | - | - |
| Taxes450/3 | - | - | - | €104 | - | €576 | €12 | - | - |
| Remuneration and social security454/9 | - | - | - | €2,506 | €2,968 | €3,143 | €1,931 | - | - |
| Other amounts payable47/48 | - | - | - | €22,529 | €19,914 | €15,280 | €18,984 | €15,057 | ▼ 20.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,484 | -€2,852 | €6,692 | €9,571 | -€9,159 | -€1,479 | €20,854 | €10,072 | ▼ 51.7% |
| + Depreciation and write-downs630 | €16,875 | €16,573 | €16,595 | €13,025 | €15,649 | €15,649 | €8,034 | €8,185 | ▲ 1.9% |
| Operating cash flow (approximation) | €12,391 | €13,721 | €23,287 | €22,596 | €6,490 | €14,170 | €28,888 | €18,258 | ▼ 36.8% |
| Investment in fixed assets (approximation) | - | -€1,324 | -€15,495 | -€24,250 | €0 | €0 | -€5,087 | €0 | - |
| Change in cash | - | -€147 | €1,816 | -€1,850 | -€144 | €416 | €5,317 | -€4,356 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00375582 | NBB |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00345809 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00307814 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00307554 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20255460 | |
| 31-12-2020 | micro format | 23-08-2021 | 2021-52200140 | |
| 31-12-2019 | micro format | 26-08-2020 | 2020-45400195 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41400011 | |
| 31-12-2017 | micro format | 20-07-2018 | 2018-36500345 | |
| 31-12-2016 | micro format | 22-08-2017 | 2017-46000171 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 30-01-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DEVOGHEL Céline Victorine Alberte |
|
| GESQUIERE Frank Camille |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Un ou plusieurs, organe d’administration”“Fixe ou proportionnelle, portée aux frais généraux,indépendamment frais représentation,voyages et déplacements”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “22, pas requise si dettes seulement envers actionnaires et tous actionnaires créanciers confirment écrit accord”
Articles of association, deed of 30-01-2024 (in French)
Network & group
DEVOGES shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of DEVOGES. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
30-01
Gazette deed
Resignations: GESQUIERE Frank Camille (statutory manager) and DEVOGHEL Céline Victorine Alberte (statutory manager)Appointments: GESQUIERE Frank Camille (statutory director) and DEVOGHEL Céline Victorine Alberte (statutory director) · Capital · Power of attorney17 points ▸
- Capital
- Board composition, GESQUIERE Frank Camille (statutory director)
- Board composition, DEVOGHEL Céline Victorine Alberte (statutory director)
- Power of attorney, Benoit CLOET
- Registered office clause, “7700 Mouscron Grand Rue 104, septième résolution” (deed in French)
- General meeting, 18-12-2023
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression compte de capitaux propres statutairement indisponible, mis à disposition pour distributions futures” (deed in French)
- Director resignation, GESQUIERE Frank Camille (statutory manager)
- Director resignation, DEVOGHEL Céline Victorine Alberte (statutory manager)
- Director appointment, GESQUIERE Frank Camille (statutory director)
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20254 activities
- Le commerce de détail en fruits et légumes, crèmerie, et boissons diverses.
- Ceci dans son acceptation la plus large. La société agit pour son propre compte, en consignation, en tant que commissionnaire, comme intermédiaire, ou comme représentant.
- La société peut prendre une participation dans toutes sociétés qui concourent à la réalisation d'un objet social identique, ou du moins proche, ou qui pourrait faciliter la réalisation de l'objet social.
- La société peut en règle générale poser tous actes tant civils que commerciaux, de nature mobilière, immobilière ou même financière, en relation avec l'objet social
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 54432C0559/00H006 | Wallonia | 329 m² | 1 · 58 m² | 12.0 m · 4 |