Devoghel
ActiveSummary
Devoghel has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€13,324) and a net result of -€6,113. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-97
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.22 in 2024; short-term debt: 293.6% and cash: 30.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-251.8%
Return on assets
-115.5%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€13,324
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 12-03-2026, 141 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
141 d early
2024
94 d early
2023
98 d early
2022
24 d late
2021
18 d late
2020
58 d late
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€13,324▼ 84.8%
2024 · -€7,211
Total assets
€5,291▼ 20.8%
2024 · €6,678
Net result
-€6,113
2024 · €1,521
Working capital
-€12,092▼ 44.3%
2024 · -€8,379
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,893▲ 44.0%€2,951-€5,333€1,645-€5,993
Net result-€1,931within the sector's middle half▲ 43.5%€2,867within the sector's middle half-€5,436below the sector's middle half€1,521within the sector's middle half-€6,113below the sector's middle half
Equity-€5,919below the sector's middle half▼ 48.4%-€3,296below the sector's middle half▲ 44.3%-€8,732below the sector's middle half▼ 165%-€7,211below the sector's middle half▲ 17.4%-€13,324below the sector's middle half▼ 84.8%
Total assets€8,812below the sector's middle half▼ 8.5%€7,430below the sector's middle half▼ 15.7%€5,883below the sector's middle half▼ 20.8%€6,678below the sector's middle half▲ 13.5%€5,291below the sector's middle half▼ 20.8%
Debt€14,732▲ 8.1%€10,726▼ 27.2%€14,615▲ 36.3%€13,889▼ 5.0%€18,615▲ 34.0%
Working capital-€12,775below the sector's middle half▼ 13.2%-€8,281below the sector's middle half▲ 35.2%-€10,670below the sector's middle half▼ 28.9%-€8,379below the sector's middle half▲ 21.5%-€12,092below the sector's middle half▼ 44.3%
Solvency-67.2%below the sector's middle half▼ 25.8pp-44.4%below the sector's middle half▲ 22.8pp-148.4%below the sector's middle half▼ 104.1pp-108.0%below the sector's middle half▲ 40.4pp-251.8%below the sector's middle half▼ 143.8pp
Current ratio0.13below the sector's middle half▼ 0.040.23below the sector's middle half▲ 0.100.10below the sector's middle half▼ 0.120.22below the sector's middle half▲ 0.120.22below the sector's middle half=
Return on assets (ROA)-21.9%below the sector's middle half▲ 13.5pp38.6%above the sector's middle half▲ 60.5pp-92.4%below the sector's middle half▼ 131.0pp22.8%above the sector's middle half▲ 115.2pp-115.5%below the sector's middle half▼ 138.3pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,993 after €1,645 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,291
Fixed assets
€1,851 ▼ 56.4%
Current assets
€3,440 ▲ 41.6%
Key figures and ratios
EBITDA
-€4,596▼
2024 · €3,042
Cash flow
-€4,716▼
2024 · €2,918
Debt to equity
-1.40▲
2024 · -1.93
Interest coverage
-38.30▼
2024 · 24.40
Debt ≤ 1 year
€15,532▲
2024 · €10,810
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,940 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €8 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,297 | €1,871 | €1,670 | €1,397 | €1,397 | = |
| Other operating charges640/8 | €590 | €604 | €668 | €675 | €696 | ▲ 3.2% |
| Gross operating margin9900 | €1,003 | €5,427 | -€2,996 | €3,717 | -€3,900 | ▼ 205% |
| Operating profit (loss)9901 | -€1,893 | €2,951 | -€5,333 | €1,645 | -€5,993 | ▼ 464% |
| Financial income75/76B | €0 | €0 | €8 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | €8 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €38 | €84 | €111 | €125 | €120 | ▼ 3.8% |
| Recurring financial charges65 | €38 | €84 | €111 | €125 | €120 | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | -€1,931 | €2,867 | -€5,436 | €1,521 | -€6,113 | ▼ 502% |
| Profit (loss) for the period9904 | -€1,931 | €2,867 | -€5,436 | €1,521 | -€6,113 | ▼ 502% |
| Profit (loss) for the period to be appropriated9905 | -€1,931 | €2,867 | -€5,436 | €1,521 | -€6,113 | ▼ 502% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,812 | €7,430 | €5,883 | €6,678 | €5,291 | ▼ 20.8% |
| Fixed assets21/28 | €6,856 | €4,985 | €4,644 | €4,247 | €1,851 | ▼ 56.4% |
| Tangible fixed assets22/27 | €6,856 | €4,985 | €4,644 | €3,247 | €1,851 | ▼ 43.0% |
| Land and buildings22 | €4,174 | €3,492 | €2,910 | €2,328 | €1,746 | ▼ 25.0% |
| Plant, machinery and equipment23 | €1,568 | €1,196 | €824 | €452 | €80 | ▼ 82.2% |
| Furniture and vehicles24 | €1,114 | €297 | €910 | €467 | €24 | ▼ 94.8% |
| Financial fixed assets28 | - | - | - | €1,000 | €0 | ▼ 100% |
| Current assets29/58 | €1,957 | €2,445 | €1,239 | €2,430 | €3,440 | ▲ 41.6% |
| Amounts receivable within one year40/41 | €244 | - | - | - | €1,780 | - |
| Trade receivables40 | €0 | - | - | - | €1,780 | - |
| Other amounts receivable41 | €244 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,713 | €2,445 | €1,239 | €2,430 | €1,590 | ▼ 34.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €70 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,812 | €7,430 | €5,883 | €6,678 | €5,291 | ▼ 20.8% |
| Equity10/15 | -€5,919 | -€3,296 | -€8,732 | -€7,211 | -€13,324 | ▼ 84.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€18,319 | -€15,696 | -€21,132 | -€19,611 | -€25,724 | ▼ 31.2% |
| Amounts payable17/49 | €14,732 | €10,726 | €14,615 | €13,889 | €18,615 | ▲ 34.0% |
| Amounts payable within one year42/48 | €14,732 | €10,726 | €11,910 | €10,810 | €15,532 | ▲ 43.7% |
| Trade debts44 | €2,044 | €258 | €1,130 | €0 | €1,026 | - |
| Suppliers440/4 | €2,044 | €258 | €1,130 | €0 | €1,026 | - |
| Other amounts payable47/48 | €12,688 | €10,468 | €10,779 | €10,810 | €14,506 | ▲ 34.2% |
| Accrued charges and deferred income492/3 | - | - | €2,706 | €3,079 | €3,083 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,931 | €2,867 | -€5,436 | €1,521 | -€6,113 | ▼ 502% |
| + Depreciation and write-downs630 | €2,297 | €1,871 | €1,670 | €1,397 | €1,397 | = |
| Operating cash flow (approximation) | €366 | €4,738 | -€3,767 | €2,918 | -€4,716 | ▼ 262% |
| Investment in fixed assets (approximation) | - | €0 | -€1,329 | -€1,000 | €1,000 | ▲ 200% |
| Change in cash | - | €733 | -€1,206 | €1,191 | -€840 | ▼ 171% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€6,113
Net result drops to -€6,113, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,521
Net result €1,521 after one loss-making year.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €2,867
Net result €2,867 after 2 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5,054
Net result €5,054 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
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, Halle · 1 establishment unit since 2012
Ground area
3,797 m²
Building footprint
251 m²
Volume, LiDAR
1,381 m³
Parcel 23027D0340/00E000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Devoghel
since 20122.210.332.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027D0340/00E000 | Flanders | 3,797 m² | 1 · 251 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,672 companies in sector 85599 we hold annual accounts for 1,330. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846013907
Registered
18-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.