DEVOGHEL GROEN
ActiveThe computed 12-month bankruptcy probability of DEVOGHEL GROEN is 1.6% (moderate). The 2025 annual accounts show equity of €229k and a net result of €35k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 81% of 4472 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-4
Solvency96▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.85 against 4.36 in 2024; short-term debt: 23% and cash: 52.3% of total assets), and 28.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
71.1%
Return on assets
10.7%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
18 d early
2024
31 d early
2023
33 d early
2022
12 d early
2021
15 d early
2020
17 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€229k▲ 13.6%
2024 · €202k
2020: €62k
2021: €96k
2022: €135k
2023: €169k
2024: €202k
2020 → 2025
Total assets
€322k▲ 12.2%
2024 · €287k
2020: €161k
2021: €189k
2022: €219k
2023: €267k
2024: €287k
2020 → 2025
Net result
€35k▼ 12.9%
2024 · €40k
2020: €39k
2021: €36k
2022: €41k
2023: €41k
2024: €40k
2020 → 2025
Working capital
€212k▲ 14.4%
2024 · €185k
2020: €35k
2021: €77k
2022: €117k
2023: €154k
2024: €185k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€135k▲ 40.4%€169k▲ 25.1%€202k▲ 19.2%€229k▲ 13.6%
Operating result€46k-€50k▲ 9.0%€53k▲ 5.9%€51k▼ 2.5%€45k▼ 12.6%
Net result€36k-€41k▲ 12.0%€41k▲ 1.5%€40k▼ 3.4%€35k▼ 12.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 13% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322k
Fixed assets
€36k▼ 22.9%
Current assets
€286k▲ 19.0%
Equity and liabilities €322k
Equity
€229k▲ 13.6%
Debt
€93k▲ 8.8%
The debt ratio falls from 29.7% to 28.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k▼
2024 · €66k
Cash flow
€50k▼
2024 · €54k
Solvency
71.1%▲
2024 · 70.3%
Current ratio
3.85▼
2024 · 4.36
Quick ratio
3.69▼
2024 · 4.23
Debt / equity
0.41▼
2024 · 0.42
ROE
15.1%▼
2024 · 19.7%
ROA
10.7%▼
2024 · 13.8%
Interest coverage
36.07▲
2024 · 27.77
Debt
€93k▲
2024 · €85k
Debt ≤ 1 year
€74k▲
2024 · €55k
Debt > 1 year
€19k▼
2024 · €30k
Income taxes
€9k▼
2024 · €9k
Staff costs
€111k▼
2024 · €123k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€287k€322k▲
Fixed assets21/28€47k€36k▼
Tangible fixed assets22/27€47k€36k▼
Plant, machinery and equipment23€5k€7k▲
Furniture and vehicles24€41k€29k▼
Current assets29/58€241k€286k▲
Stocks and contracts in progress3€7k€12k▲
Stocks30/36€7k€12k▲
Amounts receivable within one year40/41€139k€93k▼
Trade receivables40€139k€91k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€90k€169k▲
Deferred charges and accrued income490/1€5k€12k▲
Equity and liabilities
Total equity and liabilities10/49€287k€322k▲
Equity10/15€202k€229k▲
Contributions10/11€2k€2k=
Reserves13€200k€227k▲
Distributable reserves133€200k€227k▲
Amounts payable17/49€85k€93k▲
Amounts payable after more than one year17€30k€19k▼
Financial debts170/4€30k€19k▼
Amounts payable within one year42/48€55k€74k▲
Current portion of amounts payable after more than one year42€11k€12k▲
Financial debts43€3k€3k▲
Credit institutions430/8€3k€3k▲
Trade debts44€5k€15k▲
Suppliers440/4€5k€15k▲
Advances received on contracts in progress46€2k€2k▲
Taxes, remuneration and social security45€20k€25k▲
Taxes450/3€12k€12k▼
Remuneration and social security454/9€8k€13k▲
Other amounts payable47/48€15k€17k▲
Accrued charges and deferred income492/3€38€140▲
Income statement
Code20242025
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€123k€111k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€190k€173k▼
Operating profit (loss)9901€51k€45k▼
Financial income75/76B€22€10▼
Recurring financial income75€22€10▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€49k€43k▼
Income taxes67/77€9k€9k▼
Profit (loss) for the period9904€40k€35k▼
Profit (loss) for the period to be appropriated9905€40k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€35k▼
Transfer to equity691/2€33k€27k▼
To other reserves6921€33k€27k▼
Profit to be distributed694/7€7k€7k=
Return on contributions (dividend)694€7k€7k=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €35k ▼12.9%
Net result drops to €35k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €202k ▲19.2%
5 profitable years in a row build equity to €202k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €41k ▲1.5%
Operating result €53k, net result €41k, both a record.
31-12
Financial
Equity above €150kEq €169k ▲25.1%
4 profitable years in a row build equity to €169k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €135k ▲40.4%
3 profitable years in a row build equity to €135k.
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Veurne · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Voetbalstraat 128630 VeurneGround area
382 m²
Building footprint
97 m²
Volume, LiDAR
572 m³
Parcel 38025C0095/00S002, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVOGHEL GROEN
since 20182.282.023.780
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025C0095/00S002 | Flanders | 382 m² | 1 · 97 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 159 EUR awarded · 159 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 159 EUR | 159 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 21,219 companies in sector 81300 we hold annual accounts for 4,363. 3,300 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-2018
Fiscal year end31-12
Activities, NACEBEL
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.