Checked.be
Active
BE 0415.465.747Private limited company
Devokon
Sluipestraat 2 ·9690 Kluisbergen, Belgium· 50 yrs active
Sector: Joinery installation
(43320)
Conclusion
Devokon has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.07M and a net result of €6k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 74% of 7431 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €1.07M |
| Net result | €6k |
| Better than sector | 74% |
| Active | 50 yrs |
Financial profile
66
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
76
Profitability
3
Solvency
99
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1975, 50 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
76
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€80k
estimate, not credit advice
Score history
76
2022
84
2023
76
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.13 (≥ 1.5)
+10
Quick ratio
Quick ratio 0.40 (< 0.6)
-5
Leverage
Debt/equity 0.56 (< 1.0)
+10
Profitability
ROE 1%
+3
Interest coverage
Interest coverage 3.6× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 15-10-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Gross margin: stable across 3 fiscal years (±0.3%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 64.1% | 43.5% | |
| Net result | €6k | €45k | |
| Equity | €1.07M | €344k | |
| Gross operating margin | €113k | €343k | |
| Staff costs | €1k | €264k |
€78k
+4.8%
22-24
€6k
-26.1%
22-24
€53k
-1.3%
22-24
€1.68M
-5.1%
22-24
€1.07M
+0.5%
22-24
€635k
+9.5%
22-24
0
-100.0%
22-24
€1k
+83.4%
22-24
€3k
-28.3%
22-24
€602k
-13.7%
22-24
€564k
-19.2%
22-24
€38k
-
22-24
2.13
+16.1%
22-24
0.40
-21.0%
22-24
64.1%
+5.9%
22-24
0.56
-14.2%
22-24
0.5%
-26.5%
22-24
0.3%
-22.1%
22-24
3.60
-20.0%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | €78k | €74k | €82k |
| Net profit | €6k | €8k | €6k |
| Cash flow | €53k | €54k | €74k |
| Staff costs | €1k | €752 | €2k |
| Income taxes | €3k | €5k | €4k |
| Dividends | - | - | - |
| Total assets | €1.68M | €1.77M | €1.99M |
| Equity | €1.07M | €1.07M | €1.06M |
| Debt | €602k | €697k | €931k |
| of which ≤ 1y | €564k | €697k | €931k |
| of which > 1y | €38k | - | €0 |
| Working capital | €635k | €581k | €528k |
| Employees (FTE) | - | 0.0 | 1.0 |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 2.13 | 1.83 | 1.57 |
| Quick ratio | 0.40 | 0.51 | 0.58 |
| Working capital ratio | 37.9% | 32.8% | 26.5% |
| Solvency | 64.1% | 60.5% | 53.2% |
| Debt / equity | 0.56 | 0.65 | 0.88 |
| Long-term debt ratio | 0.04 | - | 0.00 |
| Interest coverage | 3.60 | 4.49 | 9.05 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 0.3% | 0.4% | 0.3% |
| ROE | 0.5% | 0.7% | 0.6% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €1.68M | €1.77M | €1.99M |
| Fixed assets | 21/28 | €478k | €489k | €535k |
| Tangible fixed assets | 22/27 | €478k | €489k | €535k |
| Current assets | 29/58 | €1.20M | €1.28M | €1.46M |
| Stocks & contracts in progress | 3 | €972k | €923k | €918k |
| Amounts receivable within one year | 40/41 | €203k | €281k | €504k |
| Cash & bank | 54/58 | €23k | €73k | €36k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.68M | €1.77M | €1.99M |
| Equity | 10/15 | €1.07M | €1.07M | €1.06M |
| Contributions / capital | 10/11 | €210k | €210k | €210k |
| Reserves | 13 | €865k | €859k | €851k |
| Provisions & deferred taxes | 16 | €881 | €1k | €2k |
| Amounts payable | 17/49 | €602k | €697k | €931k |
| Amounts payable after one year | 17 | €38k | - | €0 |
| Amounts payable within one year | 42/48 | €564k | €697k | €931k |
| Trade debts payable within one year | 44 | €101k | €217k | €455k |
| Income statement | ||||
| Gross operating margin | 9900 | €113k | €108k | €113k |
| Operating result | 9901 | €30k | €28k | €14k |
| Financial income | 75 | €100 | €642 | €5k |
| Financial charges | 65 | €22k | €16k | €9k |
| Result before taxes | 9903 | €9k | €12k | €10k |
| Income taxes | 67/77 | €3k | €5k | €4k |
| Net result for the period | 9904 | €6k | €8k | €6k |
| Result to be appropriated | 9905 | €7k | €9k | €7k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 29-10-1975 |
| Status | Active |
| Postal code | 9690 |
Establishment units
DEVOKON
since 19762.011.702.497
DEVOKON
since 20002.143.233.410
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C0920/00G000 | Flanders | 1.1 ha | 1 · 4,298 m² | 6.4 m · 2 fl. |
| 45058A0821/00L000 | Flanders | 1,780 m² | 1 · 1,379 m² | 5.7 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 76 days late
2024
31-12
Financial
Weakest financial yearnet €6k ▼26.1%
Net result drops to €6k, the lowest in the series.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 51 days late
2023
31-12
Financial
Highest result since 2022net €8k ▲24.3%
Net result €8k, the highest in the series.
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 53 days late
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 55 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 43 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of fabricated metal products, except machinery and equipment2512028120Joinery installation4332045421
Names & trade names
| Legal nameNL | Devokon |
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