DEVOGHEL INVEST
ActiveDEVOGHEL INVEST has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.14M and a net result of €-16k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 13933 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency67=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days only on tighter terms
Liquidity short (current ratio 0.38 against 0.26 in 2024), and 24.5% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
75.5%
Return on assets
-1.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
40 d late
2024
27 d late
2023
29 d late
2022
31 d late
2021
25 d late
2020
30 d late
2019
68 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.14M▼ 1.4%
2024 · €1.16M
2018: €1.55M
2019: €1.60M
2020: €1.61M
2021: €1.59M
2022: €1.24M
2023: €1.22M
2024: €1.16M
2018 → 2025
Total assets
€1.52M▲ 0.8%
2024 · €1.50M
2018: €1.56M
2019: €1.61M
2020: €1.62M
2021: €1.59M
2022: €1.56M
2023: €1.58M
2024: €1.50M
2018 → 2025
Net result
€-16k▲ 73.2%
2024 · €-62k
2018: €5k
2019: €52k
2020: €9k
2021: €-21k
2022: €4k
2023: €-19k
2024: €-62k
2018 → 2025
Working capital
€-225k▲ 10.7%
2024 · €-252k
2018: €56k
2019: €451k
2020: €476k
2021: €314k
2022: €-19k
2023: €-10k
2024: €-252k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.59M-€1.24M▼ 21.9%€1.22M▼ 1.5%€1.16M▼ 5.0%€1.14M▼ 1.4%
Operating result€-21k-€4k€-631€-40k▼ 6,198%€7k
Net result€-21k-€4k€-19k€-62k▼ 230%€-16k▲ 73.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €40k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€1.38M▼ 2.8%
Current assets
€140k▲ 58.3%
Equity and liabilities €1.52M
Equity
€1.14M▼ 1.4%
Debt
€371k▲ 8.1%
The debt ratio rises from 22.8% to 24.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€47k▲
2024 · €30k
Cash flow
€24k▲
2024 · €9k
Solvency
75.5%▼
2024 · 77.2%
Current ratio
0.38▲
2024 · 0.26
Quick ratio
0.38▲
2024 · 0.26
Debt / equity
0.32▲
2024 · 0.30
ROE
-1.4%▲
2024 · -5.3%
ROA
-1.1%▲
2024 · -4.1%
Interest coverage
2.01▲
2024 · 1.18
Debt
€371k▲
2024 · €343k
Debt ≤ 1 year
€365k▲
2024 · €341k
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€1.50M€1.52M▲
Fixed assets21/28€1.42M€1.38M▼
Tangible fixed assets22/27€1.42M€1.38M▼
Land and buildings22€1.41M€1.37M▼
Plant, machinery and equipment23€2k€456▼
Current assets29/58€88k€140k▲
Amounts receivable within one year40/41€6k€28k▲
Trade receivables40€4k€28k▲
Other amounts receivable41€1k€0▼
Cash at bank and in hand54/58€83k€109k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€1.50M€1.52M▲
Equity10/15€1.16M€1.14M▼
Contributions10/11€1.23M€1.23M=
Profit (loss) carried forward14€-69k€-86k▼
Amounts payable17/49€343k€371k▲
Amounts payable within one year42/48€341k€365k▲
Trade debts44-€6k
Suppliers440/4-€6k
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€8k€10k▲
Other amounts payable47/48€333k€349k▲
Accrued charges and deferred income492/3€3k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€40k▼
Other operating charges640/8€8k€9k▲
Gross operating margin9900€39k€56k▲
Operating profit (loss)9901€-40k€7k▲
Financial income75/76B€4k€0▼
Recurring financial income75€4k€0▼
Financial charges65/66B€26k€24k▼
Recurring financial charges65€26k€24k▼
Profit (loss) for the period before taxes9903€-62k€-16k▲
Profit (loss) for the period9904€-62k€-16k▲
Profit (loss) for the period to be appropriated9905€-62k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-69k€-86k▼
Profit (loss) brought forward from the previous period14P€-8k€-69k▼
The notes to these accounts (4 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
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 89.84
Current ratio from 36.73 to 89.84; short-term debt falls from €13k to €4k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Highest result since 2018net €52k ▲943%
Operating result €59k, net result €52k, both a record.
31-12
Financial
Liquidity times 5current ratio 41.16
Current ratio from 7.67 to 41.16.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
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, Pajottegem
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.
Houteman 21755 PajottegemGround area
2,027 m²
Building footprint
220 m²
Volume, LiDAR
1,218 m³
Parcel 23024C0078/00F000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23024C0078/00F000 | Flanders | 2,027 m² | 1 · 220 m² | 8.3 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.
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Of 204 companies in sector 68202 we hold annual accounts for 188. 55 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2016
Fiscal year end31-12
Activities, NACEBEL
68202Real estate activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.