DEVOLAN
ActiveSummary
The computed 12-month bankruptcy probability of DEVOLAN is 5.9% (elevated). The 2024 annual accounts show equity of €30,231 and a net result of €19,591. Equity is growing by about 44% per year across the filed financial years. Its solvency ranks better than 18% of 6,722 sector peers (NACE 49, financial year 2024). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 0.2 FTE
- Equity
- €30,231
- Profit
- €19,591
- CRUYT Delphine LiesbetDirector
- DEVOLDER Geert GeorgesDirector
Why 37raises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed 05-11-2025)1 financial year not filed after the legal deadline; latest accounts 91 days late; 3 of the last 3 latelowers riskFounded in 1999Show the evidence
Checked score
About 6 in 100 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 49, micro): better than 17% on solvency, 28% on liquidity, 43% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-10-2026 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 6 accounts on average 77 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (1)
- Resignation: DEVOLDER Geert Georges (director)Reappointment: DEVOLDER Geert Georges (non-statutory…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result recovers in 2024; 2024 is 38% above 2023.
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 49, Land transport and transport via pipelines: 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 1,083 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
For this company itself Checked computes a higher bankruptcy probability: 5.9% 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 497,472 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% | 1.0% |
| 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% 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 1,083 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 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €208 | €16,819 | €26,016 | €11,847 | ▼ 54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,602 | €100,182 | €88,284 | €56,327 | €51,837 | €50,739 | €90,373 | ▲ 78.1% |
| Other operating charges640/8 | - | - | - | €4,374 | €3,623 | €4,048 | €8,365 | ▲ 107% |
| Gross operating margin9900 | €69,904 | €83,557 | €49,247 | €96,510 | €155,921 | €114,519 | €157,101 | ▲ 37.2% |
| Operating profit (loss)9901 | -€24,648 | -€17,341 | -€43,676 | €35,600 | €83,642 | €33,715 | €46,516 | ▲ 38.0% |
| Financial income75/76B | - | - | - | - | - | €12 | €0 | ▼ 100% |
| Recurring financial income75 | €26 | €174 | €77 | - | - | €12 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €19,402 | €12,908 | €11,833 | €23,481 | ▲ 98.4% |
| Recurring financial charges65 | €17,140 | €20,049 | €18,327 | €19,402 | €12,908 | €11,833 | €23,481 | ▲ 98.4% |
| Profit (loss) for the period before taxes9903 | -€41,762 | -€37,216 | -€61,926 | €16,198 | €70,735 | €21,895 | €23,035 | ▲ 5.2% |
| Income taxes67/77 | €228 | €224 | €204 | €116 | €120 | €132 | €3,444 | ▲ 2,519% |
| Profit (loss) for the period9904 | -€41,990 | -€37,440 | -€62,130 | €16,082 | €70,615 | €21,763 | €19,591 | ▼ 10.0% |
| Profit (loss) for the period to be appropriated9905 | -€41,990 | -€37,440 | -€62,130 | €16,082 | €70,615 | €21,763 | €19,591 | ▼ 10.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €806,802 | €930,445 | €853,699 | €770,907 | €771,683 | €712,194 | €850,635 | ▲ 19.4% |
| Fixed assets21/28 | €710,866 | €798,873 | €721,770 | €680,210 | €633,596 | €612,394 | €726,971 | ▲ 18.7% |
| Tangible fixed assets22/27 | €710,866 | €798,873 | €721,770 | €680,210 | €633,596 | €612,394 | €726,971 | ▲ 18.7% |
| Land and buildings22 | - | - | - | €552,417 | €525,264 | €504,231 | €475,500 | ▼ 5.7% |
| Plant, machinery and equipment23 | - | - | - | €8,472 | €5,998 | €4,208 | €6,940 | ▲ 64.9% |
| Furniture and vehicles24 | - | - | - | €119,322 | €102,333 | €103,955 | €244,531 | ▲ 135% |
| Current assets29/58 | €95,936 | €131,572 | €131,929 | €90,697 | €138,087 | €99,801 | €123,664 | ▲ 23.9% |
| Amounts receivable within one year40/41 | €89,021 | €122,719 | €130,684 | €87,584 | €108,441 | €97,839 | €101,045 | ▲ 3.3% |
| Trade receivables40 | - | - | - | €85,449 | €108,441 | €97,839 | €94,875 | ▼ 3.0% |
| Other amounts receivable41 | - | - | - | €2,135 | - | - | €6,171 | - |
| Cash at bank and in hand54/58 | - | - | - | - | - | - | €14,693 | - |
| Deferred charges and accrued income490/1 | - | - | - | €3,113 | €29,646 | €1,961 | €7,926 | ▲ 304% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €806,802 | €930,445 | €853,699 | €770,907 | €771,683 | €712,194 | €850,635 | ▲ 19.4% |
| Equity10/15 | €1,750 | -€35,690 | -€97,820 | -€81,738 | -€11,123 | €10,640 | €30,231 | ▲ 184% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €4,491 | €4,491 | €4,491 | €4,491 | €4,491 | €4,491 | €17,831 | ▲ 297% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €1,798 | €1,798 | €1,798 | €1,798 | = |
| Distributable reserves133 | - | - | - | €834 | €834 | €834 | €14,174 | ▲ 1,600% |
| Profit (loss) carried forward14 | -€15,141 | -€52,581 | -€114,711 | -€98,629 | -€28,014 | -€6,251 | €0 | ▲ 100% |
| Provisions and deferred taxes16 | €16,985 | €16,985 | €16,985 | €16,985 | €16,985 | €16,985 | €16,985 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €16,985 | €16,985 | €16,985 | €16,985 | = |
| Pensions and similar obligations160 | - | - | - | €16,985 | €16,985 | €16,985 | €16,985 | = |
| Amounts payable17/49 | €788,067 | €949,150 | €934,534 | €835,660 | €765,821 | €684,569 | €803,418 | ▲ 17.4% |
| Amounts payable after more than one year17 | €576,347 | €609,852 | €536,002 | €463,033 | €388,307 | €340,455 | €429,797 | ▲ 26.2% |
| Financial debts170/4 | - | - | - | €463,033 | €388,307 | €340,455 | €429,797 | ▲ 26.2% |
| Amounts payable within one year42/48 | €210,180 | €329,970 | €382,785 | €372,256 | €365,894 | €342,380 | €373,621 | ▲ 9.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €72,968 | €74,727 | €47,851 | €86,041 | ▲ 79.8% |
| Financial debts43 | - | - | - | €3,719 | €302 | €26,499 | €26,499 | = |
| Credit institutions430/8 | - | - | - | €3,719 | €302 | €26,499 | €26,499 | = |
| Trade debts44 | €73,661 | €30,735 | €82,323 | €79,212 | €62,843 | €65,968 | €22,963 | ▼ 65.2% |
| Suppliers440/4 | - | - | - | €79,212 | €62,843 | €65,968 | €22,963 | ▼ 65.2% |
| Taxes, remuneration and social security45 | - | - | - | €1,341 | €12,396 | €1,265 | €9,877 | ▲ 681% |
| Taxes450/3 | - | - | - | €1,341 | €12,396 | €1,265 | €4,663 | ▲ 269% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €5,213 | - |
| Other amounts payable47/48 | - | - | - | €215,015 | €215,627 | €200,796 | €228,241 | ▲ 13.7% |
| Accrued charges and deferred income492/3 | - | - | - | €371 | €11,620 | €1,734 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,990 | -€37,440 | -€62,130 | €16,082 | €70,615 | €21,763 | €19,591 | ▼ 10.0% |
| + Depreciation and write-downs630 | €80,602 | €100,182 | €88,284 | €56,327 | €51,837 | €50,739 | €90,373 | ▲ 78.1% |
| Operating cash flow (approximation) | €38,612 | €62,742 | €26,154 | €72,409 | €122,452 | €72,502 | €109,964 | ▲ 51.7% |
| Investment in fixed assets (approximation) | - | -€188,189 | -€11,181 | -€14,767 | -€5,222 | -€29,537 | -€204,950 | ▼ 594% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €2,465 awarded · €2,465 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,420 | €2,420 |
| 2022 | 1 | €45 | €45 |
Public contracts: not fully processed yet. The notices from April 2017 to September 2026 are still being read.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CRUYT Delphine Liesbet |
|
| DEVOLDER Geert Georges |
|
Owners and capital
Capital and shareholders
- 05-12-2025 Converted to unavailable equity · €12,400
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
05-12
Gazette deed
Resignation: DEVOLDER Geert Georges (director)Reappointment: DEVOLDER Geert Georges (non-statutory director) · Appointment: CRUYT Delphine Liesbet (niet statutair opvolgend bestuurder) · Director discharge13 facts ▸
- Director resignation, DEVOLDER Geert Georges (director)
- Director reappointment, DEVOLDER Geert Georges (non-statutory director)
- Director appointment, CRUYT Delphine Liesbet (niet statutair opvolgend bestuurder)
- Director discharge, DEVOLDER Geert Georges
- Registered-office move, 8840 Staden,De Rootputten 6
- Power of attorney, Florence TERRYN
- General meeting, 21-11-2025
- Other statement, “van rechtswege, eerste besluit dwingende bepalingen” (deed in Dutch)
- Other statement, “tweede besluit statuten aanpassen, aanpassen en behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing” (deed in Dutch)
- Amendment of the articles
- +1 further fact in this act
About the unread acts
Of the 6 Belgian Official Gazette acts we know for this company, 1 has been read. The other 5 have 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 9 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36014C0932/00A000 | Flanders | 1,664 m² | 1 · 731 m² | 0.2 m |
| 33019B0713/00M000 | Flanders | 1,457 m² | 1 · 297 m² | 8.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Groot en kleinhandel in vaste en vloeibare brandstof-fen; Groot en kleinhandel in zand, steenslag en bouwmaterialen; Onderneming voor…” (deed in Dutch)
21 activities
- Groot en kleinhandel in vaste en vloeibare brandstof-fen;
- Groot en kleinhandel in zand, steenslag en bouwmaterialen
- Onderneming voor goederenvervoer langs de weg;
- Nationaal en internationaal transport;
- Opslag en entrepot van goederen van derden;
- Vervoer van landbouwproducten, afvalstoffen, grond en andere agrarische producten;
- Onderhoud en herstel, depannage van vrachtwagens, opleggers, lichte vrachtwagens en auto’s;
- Aankoop, verkoop en verhuur van rollend materiaal in het algemeen;
- Aankoop en verkoop van containers;
- Grondverzet, graven, ophopen, egaliseren en nivelleren;
- Graven van sleuven en geulen;
- Slopen van gebouwen en andere bouwwerken;
- Ruimen van bouwterreinen;
- Tuinaanleg, groenwerken, aanleggen van parkings;
- Groot en kleinhandel in bouwstoffen;
- Het verwijderen van asbest;
- Saneren van gronden;
- Verhuring van machines voor bouwnijverheid al dan niet met bedieningspersoneel;
- Het laten uitvoeren van werken in onderaanneming;
- Het uitvoeren van werken in onderaanneming;
- Het beheer van een onroerend of roerend vermogen en de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DEVOLAN
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- “Besloten vennootschap” (deed in Dutch)
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Eenvoudige beslissing, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “vertegenwoordiging niet beëindigen zonder tegelijkertijd een opvolger te benoemen. De algemene vergadering die de bestuurder(s) benoemt…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, bestuursorgaan” (deed in Dutch)
Capital, shares and profit
- Share classWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen, orgaan dat overgaat tot uitgifte” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Artikel 2:80 WVV, algemene vergadering in vormen statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s)in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)