Equity
€178,693 ▼ 51.3%
DEVOLEC paid out €234,673 in dividends. That is 504% of the 2025 profit.
DEVOLEC
Lifetime
13 annual accounts with figures on one time axispeak €293,994 (2020)
€189,915▼ 6.9%
peak €145,489 (2020)
€46,603▲ 143×
peak €433,482 (2022)
€178,693▼ 51.3%
€417,821▲ 93.3%
peak 1.3 FTE (2021)
-not published
Board1 name since 2012
1 director
Documentsfilings and deeds
04-01-202627 days before the deadline
2025micro format
Result from €325 to €46,603Dividend €234,673Equity from €366,763 to €178,693Debts from €216,198 to €417,821
Key points
from the 2025 annual accountsTurnover
≈ €560,000 estimated
The accounts state no turnover.
Debts
€417,821 ▲ 93.3%
Debts rose by €201,622 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Liquidity
0.73 was 1.69 in 2024
Short-term debts rose from €125,330 to €365,454.
Filings
13 annual accounts since 2013
The last five annual accounts were filed 27 to 44 days before the end of the period.
Position in the sector
€46,603
Higher net result than 85% of companies in specialised construction. Sector median €9,998 · 37,193 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 5,052 companies had the same profile as DEVOLEC has now. Each dot stands for 13 companies, two years later.
95.8%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 5,052 companies, not a prediction for DEVOLEC. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0500725579
Change of role: , from manager to director
Gazette deed
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Harelbeke
First establishment
Vlietestraat 80, Harelbeke
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DEVOLEC Harelbeke | €596,514 | €189,915 | 30.0% | - |
| ELSEC Jabbeke | €630,548 | €178,795 | 83.1% | - |
| DEGHEZELLE ELEKTRO Ardooie | €647,681 | €174,925 | 27.6% | - |
| VERSTRAETE E & P Torhout | €674,966 | €177,386 | 92.0% | - |
| ENLIGHTED Beernem | €528,053 | €212,987 | 27.2% | - |
| Henk Vandenbogaerde Anzegem | €598,063 | €207,161 | 86.1% | - |
| VVR ELEKTRO Wevelgem | €585,704 | €226,582 | 53.5% | 4.3 |
These companies have the same main activity as DEVOLEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €528,000 and €675,000, founded between 2010 and 2014.
Official details
Source: KBO- Status
- Active since 12-11-2012Normal situation
- Activity
- General electrical installation workNACE 43211
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 30-06-2025
- Establishment unit
- 2.214.162.1848531 Harelbeke, since 21-11-2012
- Financial year end
- 30 June
- Peppol
- Reachable since 31-10-2023
Annual accounts to 30-06-2025
- €596,514▲ 2.3%
- Employeeson 30-06-2025
- 1=
- Filing
- Filed on 04-01-2026, 27 days before the end of the filing period
Insights on DEVOLEC
DEVOLEC files the micro format. That format states no turnover. The gross margin rose from €87,848 in 2013 to €189,915 in 2025.
The balance sheet grew most from 2015 to 2017 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 DEVOLEC
- What is the company number of DEVOLEC?
- The company number of DEVOLEC is 0500.725.579. The VAT number is the same number with BE in front: BE 0500.725.579.
- Where is DEVOLEC based?
- The registered office is at Vlietestraat 80, 8531 Harelbeke.Company details
- What does DEVOLEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of DEVOLEC?
- DEVOLEC is a private limited company (BV).
- When was DEVOLEC founded?
- DEVOLEC was founded on 12-11-2012.
- Is DEVOLEC still active?
- Yes, DEVOLEC is an active enterprise in the KBO register.
- How many employees does DEVOLEC have?
- DEVOLEC had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DEVOLEC fall under?
- In its 30-06-2025 annual accounts, DEVOLEC states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of DEVOLEC?
- The turnover in financial year 2025 is ≈ €560,000. This figure is estimated from the gross margin of €189,915 and 38 comparable companies (NACE 43211). It probably lies between €380,000 and €690,000.
- Is DEVOLEC profitable?
- In financial year 2025, DEVOLEC made a profit of €46,603.
- Where can I find the annual accounts of DEVOLEC?
- DEVOLEC filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DEVOLEC due?
- DEVOLEC must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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