Devokon
ActiveSummary
Devokon has been active since 1975 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €5,047. Equity remains stable across the filed financial years (±0.6% per year). Its solvency ranks better than 73% of 9,802 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €1.1m
- Profit
- €5,047
- DEVOS KarelDirector
- Eric DEVOSDirector
Why 70raises riskLast filed accounts filed 61 days late; 3 of the last 3 lateLiquidity: current ratio 2.10, cash €54,775Sector: Specialised construction activities (NACE 43)lowers riskSize: total assets €1.7mShow the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 70% on solvency, 28% on liquidity, 25% on profitability and 36% on growth.
The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 50 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00532710.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 19% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 14,766 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,147 | €1,528 | €752 | €1,380 | €1,410 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €129,985 | €106,761 | €97,472 | €78,491 | €67,708 | €46,158 | €47,459 | €54,603 | ▲ 15.1% |
| Other operating charges640/8 | - | - | - | €30,415 | €30,248 | €32,665 | €33,632 | €33,956 | ▲ 1.0% |
| Gross operating margin9900 | €253,019 | €201,396 | €154,811 | €139,708 | €113,452 | €107,528 | €112,708 | €114,611 | ▲ 1.7% |
| Operating profit (loss)9901 | €28,445 | €17,952 | €9,887 | €29,656 | €13,968 | €27,953 | €30,237 | €24,642 | ▼ 18.5% |
| Financial income75/76B | - | - | - | €5,670 | €5,011 | €642 | €100 | €2,633 | ▲ 26× |
| Recurring financial income75 | €2,391 | €771 | €1,605 | €5,670 | €5,011 | €642 | €100 | €2,633 | ▲ 26× |
| Financial charges65/66B | - | - | - | €12,181 | €9,024 | €16,489 | €21,609 | €19,528 | ▼ 9.6% |
| Recurring financial charges65 | €26,985 | €21,993 | €16,210 | €12,181 | €9,024 | €16,489 | €21,609 | €19,528 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €3,851 | -€3,269 | -€4,718 | €23,145 | €9,955 | €12,106 | €8,728 | €7,747 | ▼ 11.2% |
| Transfer from deferred taxes780 | - | - | - | €440 | €440 | €440 | €440 | €440 | = |
| Income taxes67/77 | €265 | €271 | €270 | €5,337 | €4,148 | €4,780 | €3,428 | €3,140 | ▼ 8.4% |
| Profit (loss) for the period9904 | €4,026 | -€3,100 | -€4,547 | €18,248 | €6,247 | €7,767 | €5,740 | €5,047 | ▼ 12.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €855 | €855 | €855 | €855 | €855 | = |
| Profit (loss) for the period to be appropriated9905 | €4,881 | -€2,246 | -€3,693 | €19,103 | €7,102 | €8,622 | €6,595 | €5,901 | ▼ 10.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.0m | €1.8m | €1.9m | €1.8m | €2.0m | €1.8m | €1.7m | €1.7m | ▼ 0.1% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.7m | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 2.2% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.7m | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 2.2% |
| Land and buildings22 | - | - | - | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 9.7% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.02m | €0.02m | €0.04m | €0.07m | ▲ 77.3% |
| Furniture and vehicles24 | - | - | - | €487 | €300 | €0.001m | €0.005m | €0.004m | ▼ 24.7% |
| Current assets29/58 | €1.2m | €1.1m | €1.3m | €1.2m | €1.5m | €1.3m | €1.2m | €1.2m | ▲ 0.8% |
| Stocks and contracts in progress3 | €0.8m | €0.8m | €0.9m | €0.9m | €0.9m | €0.9m | €1.0m | €1.1m | ▲ 8.7% |
| Stocks30/36 | - | - | - | €0.9m | €0.9m | €0.9m | €1.0m | €1.1m | ▲ 8.7% |
| Contracts in progress37 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.2m | €0.3m | €0.2m | €0.5m | €0.3m | €0.2m | €0.1m | ▼ 52.5% |
| Trade receivables40 | - | - | - | €0.2m | €0.5m | €0.3m | €0.2m | €0.07m | ▼ 58.2% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.03m | €0.02m | €0.04m | €0.03m | ▼ 25.8% |
| Cash at bank and in hand54/58 | €0.06m | €0.05m | €0.1m | €0.06m | €0.04m | €0.07m | €0.02m | €0.05m | ▲ 138% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €0.001m | €0.001m | €380 | €0.001m | ▲ 91.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.0m | €1.8m | €1.9m | €1.8m | €2.0m | €1.8m | €1.7m | €1.7m | ▼ 0.1% |
| Equity10/15 | €1.0m | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 0.5% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | €0.9m | €0.9m | ▲ 0.6% |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.008m | €0.008m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 2.3% |
| Distributable reserves133 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▲ 0.7% |
| Provisions and deferred taxes16 | €0.004m | €0.003m | €0.003m | €0.002m | €0.002m | €0.001m | €0.001m | €440 | ▼ 50.0% |
| Deferred taxes168 | - | - | - | €0.002m | €0.002m | €0.001m | €0.001m | €440 | ▼ 50.0% |
| Amounts payable17/49 | €1.0m | €0.8m | €0.9m | €0.7m | €0.9m | €0.7m | €0.6m | €0.6m | ▼ 1.0% |
| Amounts payable after more than one year17 | €0.1m | €0.06m | €0.04m | €0.003m | €0 | - | €0.04m | €0.02m | ▼ 48.7% |
| Financial debts170/4 | - | - | - | €0.003m | €0 | - | €0.04m | €0.02m | ▼ 48.7% |
| Amounts payable within one year42/48 | €0.8m | €0.7m | €0.9m | €0.7m | €0.9m | €0.7m | €0.6m | €0.6m | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.003m | €0 | €0.02m | €0.02m | ▲ 0.2% |
| Financial debts43 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 11.6% |
| Credit institutions430/8 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 11.6% |
| Trade debts44 | €0.3m | €0.2m | €0.3m | €0.1m | €0.5m | €0.2m | €0.1m | €0.1m | ▲ 39.0% |
| Suppliers440/4 | - | - | - | €0.1m | €0.5m | €0.2m | €0.1m | €0.1m | ▲ 39.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.006m | €0.004m | €0.002m | €0.001m | €0.004m | ▲ 210% |
| Taxes450/3 | - | - | - | €0.006m | €0.004m | €0.002m | €0.001m | €0.004m | ▲ 210% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 10.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,026 | -€3,100 | -€4,547 | €18,248 | €6,247 | €7,767 | €5,740 | €5,047 | ▼ 12.1% |
| + Depreciation and write-downs630 | €129,985 | €106,761 | €97,472 | €78,491 | €67,708 | €46,158 | €47,459 | €54,603 | ▲ 15.1% |
| Operating cash flow (approximation) | €134,011 | €103,660 | €92,924 | €96,739 | €73,955 | €53,925 | €53,199 | €59,649 | ▲ 12.1% |
| Investment in fixed assets (approximation) | - | -€24,883 | -€12,551 | -€11,489 | -€4,057 | -€910 | -€36,108 | -€43,892 | ▼ 21.6% |
| Change in cash | - | -€15,165 | €87,640 | -€69,949 | -€29,008 | €37,752 | -€50,383 | €31,777 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-09-2026 | 2026-00532710 |
| 31-12-2024 | abbreviated format | 15-10-2025 | 2025-00542450 |
| 31-12-2023 | abbreviated format | 20-09-2024 | 2024-00466732 |
| 31-12-2022 | abbreviated format | 22-09-2023 | 2023-00451323 |
| 31-12-2021 | abbreviated format | 22-07-2022 | 2022-20211998 |
| 31-12-2020 | abbreviated format | 24-09-2021 | 2021-68300021 |
| 31-12-2019 | abbreviated format | 30-09-2020 | 2020-57300187 |
| 31-12-2018 | abbreviated format | 24-07-2019 | 2019-37500543 |
| 31-12-2017 | abbreviated format | 25-09-2018 | 2018-64600429 |
| 31-12-2016 | abbreviated format | 12-09-2017 | 2017-60800029 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DEVOS Karel |
|
| Eric DEVOS |
|
Owners and capital
Capital and shareholders
- 06-10-2023 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-10
Gazette deed
Resignations: Eric DEVOS (statutory manager) and DEVOS Karel (statutory manager)Reappointments: Eric DEVOS (director) and DEVOS Karel (director) · Amendment of the articles · Capital conversion12 facts ▸
- General meeting, 26-09-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering, onmiddellijk” (deed in Dutch)
- Capital
- Director resignation, Eric DEVOS (statutory manager)
- Director resignation, DEVOS Karel (statutory manager)
- Director reappointment, Eric DEVOS (director (not named in the articles))
- Director reappointment, DEVOS Karel (director (not named in the articles))
- Other provision, “kwijting ontslagnemende zaakvoerders, algemene vergadering zal beslissen” (deed in Dutch)
- Registered office clause, “Sluipestraat 2,9690 Kluisbergen” (deed in Dutch)
- Other provision, “coördinatie statuten, opdracht aan ondergetekende notaris om coördinatie op te maken en te ondertekenen overeenkomstig vorige besluiten en neerlegging in vennoo…” (deed in Dutch)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0415.465.747
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45422C0920/00G000 | Flanders | 1.1 ha | 1 · 4,298 m² | 6.4 m · 2 |
| 45058A0821/00L000 | Flanders | 1,780 m² | 1 · 1,379 m² | 5.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het vervaardigen en het plaatsen,herstellen en onderhouden van rolluiken en alle mogelijke poorten,ongeacht de materie ervan,alsmede van…” (deed in Dutch)
2 activities (deed in Dutch)
- Het vervaardigen en het plaatsen,herstellen en onderhouden van rolluiken en alle mogelijke poorten,ongeacht de materie ervan,alsmede van schrijnwerkerij in het algemeen,zoals deuren,lijstwerken,ramen,leuningen,enzomeer
- De handel en de aankoop en verkoop van bovenvermelde voorwerpen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Devokon
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1” (deed in Dutch)“Bestuursbevoegdheid, geheel van bevoegdheden toegekend,met mogelijkheid deel te delegeren” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of May at 11:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vereffenaars, bestuurder(s) in functie aangewezen als vereffenaar(s) krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)