Equity
-€23,802
Debts exceed assets in financial year 2025.
Devolder Stefaan
Lifetime
18 annual accounts with figures on one time axis, 23 filings since 2001peak €229,749 (2024)
€192,252▼ 16.3%
lowest -€34,314 (2023)
€10,130▲ €10,768
peak €49,921 (2007)
-€23,802▲ €10,130
€257,326▼ 20.5%
peak 3.7 FTE (2006)
2.2 FTE
Board1 name since 2001
1 directorStefaan Devolder
Documentsfilings and deeds
29-10-202690 days late
2025abbreviated format
Gross margin from €229,749 to €192,252Back to profit: €10,130Resignation: Stefaan Devolder (director) 23-01Equity from -€33,932 to -€23,802Debts from €323,810 to €257,326
Key points
from the 2025 annual accountsTurnover
≈ €680,000 estimated
The accounts state no turnover.
Debts
€257,326 110% of the balance sheet
Financial debts 50%Suppliers 17%Taxes and wages 7%Other 26%
Of this, €156,993 falls due within a year.
Staff
2 employees on 31-12-2025
In 2025, nobody joined and 1 person left.
Filings
23 annual accounts 90 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€23,802
Less equity than 91% of companies in construction of buildings. Sector median €194,387 · 2,818 companies.
Checked score
36
Weak
Financially stronger than 31% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.4% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.0%
01-2025: 3.0%● unchanged vs 12-2024
02-2025: 3.0%● unchanged vs 01-2025
03-2025: 3.0%● unchanged vs 02-2025
04-2025: 2.9%▼ -0.1 percentage points vs 03-2025
05-2025: 2.8%▼ -0.1 percentage points vs 04-2025
06-2025: 2.7%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 3.0%▲ +0.3 percentage points vs 06-2025
08-2025: 3.4%▲ +0.4 percentage points vs 07-2025
09-2025: 3.5%▲ +0.1 percentage points vs 08-2025
10-2025: 3.8%▲ +0.3 percentage points vs 09-2025
11-2025: 3.7%▼ -0.1 percentage points vs 10-2025
12-2025: 3.7%● unchanged vs 11-2025
01-2026: 3.7%● unchanged vs 12-2025
02-2026: 3.7%● unchanged vs 01-2026
03-2026: 3.7%● unchanged vs 02-2026
04-2026: 3.6%▼ -0.1 percentage points vs 03-2026
05-2026: 3.5%▼ -0.1 percentage points vs 04-2026
06-2026: 3.4%▼ -0.1 percentage points vs 05-2026
07-2026: 3.3%▼ -0.1 percentage points vs 06-2026
08-2026: 4.1%▲ +0.8 percentage points vs 07-2026
09-2026: 4.6%▲ +0.5 percentage points vs 08-2026
10-2026: 5.4%▲ +0.8 percentage points vs 09-2026highest value
11-2026: 5.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 90 days late; 2 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Negative equity -€23,802
Liquidity: current ratio 0.59, cash €846
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 9% of them on solvency, 12% on liquidity, 31% on profitability and 71% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,449 companies had the same profile as Devolder Stefaan has now. Each dot stands for 4 companies, two years later.
92.2%
were still trading
4.8%
stopped another way
2.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Devolder Stefaan itself is higher: 5.4% within 12 months. It rests on far more data about Devolder Stefaan than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,449 companies, not a prediction for Devolder Stefaan. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.59 (0.62 in 2024), below 1. Short-term debt is 67.2% and cash 0.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2818 sector peers (2025).
NBB · sector comparisonPosition among 2818 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · 2025 accounts filed 90 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-10-2026, 90 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
90 days late
2024
61 days late
2023
5 days early
2022
75 days early
2021
17 days early
2020
58 days early
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 accounts filed within 71 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: Stefaan Devolder (director)
Reappointment: Stefaan Devolder (director) · “Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en…” (deed in Dutch) · Director discharge: Stefaan Devolder · General meeting of 27-12-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473966051
Registered office moved within Lichtervelde
New registered office: Kleine Essestraat 17, 8810 Lichtervelde · Previous registered office: Essestraat 18a, 8810 Lichtervelde · Board meeting of 30-09-2020 · Gazette deed
First establishment
Kleine Essestraat 17, Lichtervelde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Devolder Stefaan Lichtervelde | €233,524 | €192,252 | -10.2% | 2.2 |
| Dekijndt Aannemingen Eeklo | €280,794 | €183,043 | 19.8% | 1.9 |
| VILLA NATURA Theux | €294,958 | €211,724 | 58.6% | 1.9 |
| DITO Sint-Lievens-Houtem | €278,068 | €163,573 | 28.2% | 2.3 |
| CASATECH Charleroi | €287,644 | €124,910 | 79.8% | 1.9 |
| Dhondt Aannemer BV Aalter | €336,524 | €201,341 | 19.2% | 3 |
| ESPACE CARRELAGES Sambreville | €373,813 | €174,642 | 17.5% | 2.1 |
These companies have the same main activity as Devolder Stefaan: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €278,000 and €374,000, founded between 1992 and 2003.
Official details
Source: KBO- Status
- Active since 06-02-2001Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.116.215.5448810 Lichtervelde, since 12-03-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €233,524▼ 19.4%
- Employeeson 31-12-2025
- 2▼ 33.3%
- Filing
- Filed on 29-10-2026
Insights on Devolder Stefaan
Devolder Stefaan files the abbreviated format. That format states no turnover. The gross margin rose from €83,766 in 2006 to €192,252 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Devolder Stefaan
- What is the company number of Devolder Stefaan?
- The company number of Devolder Stefaan is 0473.966.051. The VAT number is the same number with BE in front: BE 0473.966.051.
- Where is Devolder Stefaan based?
- The registered office is at Kleine Essestraat 17, 8810 Lichtervelde.Company details
- What does Devolder Stefaan do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Devolder Stefaan?
- Devolder Stefaan is a private limited company (BV).
- When was Devolder Stefaan founded?
- Devolder Stefaan was founded on 06-02-2001.
- Is Devolder Stefaan still active?
- Yes, Devolder Stefaan is an active enterprise in the KBO register.
- How many employees does Devolder Stefaan have?
- Devolder Stefaan had an average of 2.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Devolder Stefaan fall under?
- In its 2025 annual accounts, Devolder Stefaan states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Devolder Stefaan?
- The turnover in financial year 2025 is ≈ €680,000. This figure is estimated from the gross margin of €192,252 and 126 comparable companies (NACE 41001). It probably lies between €460,000 and €1.1m.
- Is Devolder Stefaan profitable?
- In financial year 2025, Devolder Stefaan made a profit of €10,130.
- Where can I find the annual accounts of Devolder Stefaan?
- Devolder Stefaan filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Devolder Stefaan due?
- Devolder Stefaan must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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