DEVOLEC
Annual accounts 2025
micro format, filed on 04-01-2026, 27 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €560,000. Estimated: probably between €380,000 and €690,000.
Balance sheet
balance sheet total €596,514 on 30-06-2025in euro
in euro
Position in the sector
30.0%
Higher than 32% of 37,211 companies in 2025.
0.73
Higher than 12% of 36,505 companies in 2025.
7.8%
Higher than 52% of 36,740 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Staff
€65,740
Staff costs divided by the average number of full-time equivalents.
Training hours in 2025: 2.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
596,514 | 582,961 | 730,393 | 784,150 | 831,195 | 831,889 | 634,060 | 424,422 | 581,486 | 428,660 | 222,793 | 144,856 | 162,491 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | 309 | |
21/28 |
328,080 | 370,903 | 397,807 | 440,863 | 426,679 | 470,521 | 254,935 | 236,373 | 248,969 | 205,911 | 22,047 | 13,612 | 8,873 | |
22/27 |
328,080 | 370,903 | 397,807 | 440,863 | 426,679 | 470,521 | 254,935 | 236,373 | 248,969 | 205,911 | 22,047 | 13,612 | 8,563 | |
22 |
310,072 | 337,204 | 365,231 | 394,351 | 382,681 | 411,581 | 235,263 | 234,619 | 243,610 | 192,050 | - | - | - | |
23 |
- | - | 436 | 928 | 1,445 | 866 | 2,209 | 1,051 | - | - | - | - | - | |
24 |
18,008 | 33,699 | 32,140 | 45,584 | 42,553 | 58,074 | 17,463 | 704 | 5,359 | 13,861 | 22,047 | 8,474 | - | |
29/58 |
268,434 | 212,058 | 332,586 | 343,287 | 404,516 | 361,368 | 379,125 | 188,049 | 332,517 | 222,748 | 200,746 | 131,244 | 153,619 | |
29 |
1,500 | 27,500 | 63,000 | 80,000 | 91,543 | 80,000 | 30,000 | - | - | - | - | - | - | |
291 |
1,500 | 27,500 | 63,000 | 80,000 | 91,543 | 80,000 | 30,000 | - | - | - | - | - | - | |
40/41 |
179,911 | 82,038 | 142,338 | 88,938 | 65,112 | 89,882 | 110,583 | 46,692 | 239,909 | 71,331 | 29,258 | 70,060 | 136,545 | |
40 |
166,758 | 72,349 | 135,471 | 80,238 | 42,816 | 74,632 | 90,940 | 36,750 | 199,603 | 49,416 | 18,783 | 58,182 | 136,545 | |
41 |
13,153 | 9,689 | 6,868 | 8,700 | 22,296 | 15,250 | 19,643 | 9,942 | 40,306 | 21,916 | 10,475 | 11,878 | - | |
54/58 |
84,205 | 100,832 | 124,621 | 167,857 | 246,189 | 189,980 | 235,583 | 141,061 | 91,984 | 150,286 | 169,777 | 59,874 | 16,003 | |
490/1 |
2,818 | 1,688 | 2,627 | 6,492 | 1,672 | 1,506 | 2,960 | 296 | 624 | 1,131 | 1,711 | 1,310 | 1,072 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
596,514 | 582,961 | 730,393 | 784,150 | 831,195 | 831,889 | 634,060 | 424,422 | 581,486 | 428,660 | 222,793 | 144,856 | 162,491 | |
10/15 |
178,693 | 366,763 | 400,148 | 433,482 | 415,464 | 388,895 | 245,006 | 154,222 | 149,333 | 104,388 | 143,662 | 105,019 | 76,198 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,150 | 6,150 | 6,150 | 6,150 | 6,200 | 6,200 | 6,200 | |
11 |
- | 12,400 | - | - | - | 12,400 | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 12,400 | - | - | - | - | - | - | - | |
1109/19 |
- | 12,400 | - | - | - | - | - | - | - | - | - | - | - | |
13 |
166,293 | 354,363 | 387,748 | 421,082 | 403,064 | 376,495 | 232,606 | 141,822 | 136,933 | 91,988 | 131,262 | 92,619 | 63,798 | |
130/1 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1319 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 18,750 | 18,750 | |
133 |
166,293 | 354,363 | 387,748 | 421,082 | 403,064 | 337,135 | 193,246 | 102,462 | 97,573 | 52,628 | 91,902 | 72,009 | 43,188 | |
17/49 |
417,821 | 216,198 | 330,245 | 350,668 | 415,731 | 442,994 | 389,054 | 270,200 | 432,154 | 324,272 | 79,131 | 39,837 | 86,294 | |
17 |
52,367 | 90,868 | 137,049 | 182,524 | 227,311 | 230,782 | 124,134 | 143,599 | 162,729 | 181,531 | - | 3,149 | 6,686 | |
170/4 |
52,367 | 90,868 | 137,049 | 182,524 | 227,311 | 230,782 | 124,134 | 143,599 | 162,729 | 181,531 | - | 3,149 | 6,686 | |
42/48 |
365,454 | 125,330 | 193,196 | 168,144 | 188,421 | 212,212 | 264,920 | 126,601 | 269,425 | 141,759 | 78,140 | 35,772 | 79,128 | |
42 |
38,502 | 46,180 | 45,475 | 44,787 | 44,105 | 34,000 | 19,465 | 19,130 | 18,802 | 18,469 | - | 3,537 | 3,368 | |
44 |
86,102 | 43,934 | 22,363 | 35,076 | 57,437 | 108,780 | 82,707 | 32,418 | 151,560 | 48,265 | 5,531 | 8,913 | 27,970 | |
440/4 |
86,102 | 43,934 | 22,363 | 35,076 | 57,437 | 108,780 | 82,707 | 32,418 | 151,560 | 48,265 | 5,531 | 8,913 | 27,970 | |
46 |
40,000 | - | 78,053 | 65,000 | 55,000 | 43,523 | 129,562 | 36,500 | 87,000 | 50,485 | 47,500 | 2,500 | - | |
45 |
39,406 | 34,113 | 41,778 | 21,008 | 27,985 | 20,537 | 21,469 | 27,904 | 12,063 | 18,890 | 13,029 | 14,897 | 23,180 | |
450/3 |
35,016 | 31,834 | 39,331 | 18,988 | 24,210 | 18,496 | 19,639 | 27,904 | 12,063 | 18,890 | 13,029 | 14,897 | 23,180 | |
454/9 |
4,390 | 2,279 | 2,447 | 2,019 | 3,775 | 2,041 | 1,830 | - | - | - | - | - | - | |
47/48 |
161,444 | 1,103 | 5,527 | 2,273 | 3,894 | 5,373 | 11,717 | 10,649 | - | 5,650 | 12,080 | 5,925 | 24,610 | |
492/3 |
- | - | - | - | - | - | - | - | - | 982 | 990 | 916 | 479 | |
| Income statement | ||||||||||||||
9900 |
189,915 | 203,905 | 218,099 | 186,113 | 177,947 | 293,994 | 198,666 | 76,213 | 93,160 | 91,962 | 67,311 | 59,709 | 87,848 | |
62 |
65,740 | 71,461 | 66,362 | 77,866 | 79,300 | 59,266 | 41,836 | - | - | - | - | - | - | |
630 |
42,823 | 42,656 | 43,056 | 45,865 | 45,317 | 38,833 | 28,222 | 19,189 | 22,558 | 41,248 | 15,165 | 9,384 | 3,733 | |
631/4 |
- | - | - | - | - | -11,660 | - | 984 | - | - | 3,113 | 8,547 | - | |
640/8 |
4,127 | 25,656 | 61,386 | 2,026 | 1,978 | 12,409 | 1,653 | 1,508 | 1,319 | 2,358 | 648 | 1,250 | 1,071 | |
9901 |
77,225 | 64,132 | 47,295 | 60,357 | 51,351 | 195,145 | 126,955 | 54,532 | 69,283 | 48,356 | 48,385 | 40,527 | 83,044 | |
75/76B |
2,903 | 4,422 | 3,580 | 3,512 | 4,849 | 6,250 | 6,047 | 7,872 | 7,259 | 6,820 | 6,355 | 2,804 | 1,048 | |
75 |
2,903 | 4,422 | 3,580 | 3,512 | 4,849 | 6,250 | 6,047 | 7,872 | 7,259 | 6,820 | 6,355 | 2,804 | 1,048 | |
65/66B |
2,324 | 3,017 | 3,418 | 4,284 | 5,088 | 5,449 | 5,580 | 4,050 | 4,953 | 3,084 | 6,058 | 2,628 | 1,155 | |
65 |
2,324 | 3,017 | 3,418 | 4,284 | 5,088 | 5,449 | 5,580 | 4,050 | 4,953 | 3,084 | 6,058 | 2,628 | 1,155 | |
9903 |
77,803 | 65,537 | 47,456 | 59,585 | 51,113 | 195,946 | 127,422 | 58,353 | 71,589 | 52,092 | 48,682 | 40,702 | 82,937 | |
67/77 |
31,200 | 65,212 | 35,845 | 15,900 | 24,544 | 50,457 | 36,639 | 24,643 | 26,644 | 28,285 | 10,040 | 11,881 | 19,139 | |
9904 |
46,603 | 325 | 11,612 | 43,684 | 26,569 | 145,489 | 90,784 | 33,711 | 44,945 | 23,807 | 38,643 | 28,821 | 63,798 | |
789 |
- | - | - | - | 37,500 | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | 18,750 | - | 18,750 | |
9905 |
46,603 | 325 | 11,612 | 43,684 | 64,069 | 145,489 | 90,784 | 33,711 | 44,945 | 23,807 | 19,893 | 28,821 | 45,048 | |
| Appropriation of the result | ||||||||||||||
9906 |
46,603 | 325 | 11,612 | 43,684 | 64,069 | 145,489 | 90,784 | 33,711 | 44,945 | 23,807 | 19,893 | 28,821 | 45,048 | |
791/2 |
234,673 | 33,711 | 44,945 | 25,667 | - | - | - | 28,821 | - | 63,081 | - | - | - | |
691/2 |
46,603 | 325 | 11,612 | 43,684 | 64,069 | 143,889 | 90,784 | 33,711 | 44,945 | 23,807 | 19,893 | 28,821 | 45,048 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
46,603 | 325 | 11,612 | 43,684 | 64,069 | 143,889 | 90,784 | 33,711 | 44,945 | 23,807 | 19,893 | 28,821 | 43,188 | |
694/7 |
234,673 | 33,711 | 44,945 | 25,667 | - | 1,600 | - | 28,821 | - | 63,081 | - | - | - | |
694 |
234,673 | 33,711 | 44,945 | 25,667 | - | 1,600 | - | 28,821 | - | 63,081 | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
1 | 1 | 1 | 1.3 | 1.3 | 1 | 0.8 | - | - | - | - | - | - | |
Hours worked1013 |
1,721 | 1,924 | 1,916 | 2,509 | 2,464 | 1,910 | 1,448 | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 04-01-2026 | 2026-00003299 | |
| 30-06-2024 | micro format | 21-12-2024 | 2025-00628886 | |
| 30-06-2023 | abbreviated format | 18-12-2023 | 2023-00529859 | |
| 30-06-2022 | abbreviated format | 19-12-2022 | 2022-20539854 | |
| 30-06-2021 | abbreviated format | 20-12-2021 | 2021-80800087 | |
| 30-06-2020 | abbreviated format | 31-12-2020 | 2020-77700246 | |
| 30-06-2019 | micro format | 21-01-2020 | 2020-01700571 | |
| 30-06-2018 | micro format | 07-01-2019 | 2019-00500509 | |
| 30-06-2017 | micro format | 21-09-2017 | 2017-61900063 | |
| 30-06-2016 | abbreviated format | 20-12-2016 | 2016-70700536 | |
| 30-06-2015 | abbreviated format | 19-12-2015 | 2015-70200596 | |
| 30-06-2014 | abbreviated format | 22-12-2014 | 2014-70100584 | |
| 30-06-2013 | abbreviated format | 14-01-2014 | 2014-00800590 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 120,048 | 106,788 | 90,351 | 106,221 | 96,669 | 233,978 | 155,177 | 73,721 | 91,841 | 89,605 | 63,550 | 49,911 | 86,777 | ||
| 89,426 | 42,981 | 54,668 | 89,549 | 71,886 | 184,322 | 119,006 | 52,900 | 67,503 | 65,055 | 53,808 | 38,205 | 67,530 | ||
| 0 | 15,752 | 0 | 60,049 | 1,475 | 254,419 | 46,784 | 6,594 | 65,616 | 225,113 | 23,600 | 14,123 | 11,677 | ||
| -16,627 | -23,789 | -43,236 | -78,333 | 56,209 | -45,603 | 94,521 | 49,077 | -58,301 | -19,491 | 109,903 | 43,871 | - | ||
| -97,020 | 86,728 | 139,390 | 175,142 | 216,096 | 149,156 | 114,205 | 61,448 | 63,093 | 80,989 | 122,605 | 95,472 | 74,491 | ||
| 30.0% | 62.9% | 54.8% | 55.3% | 50.0% | 46.7% | 38.6% | 36.3% | 25.7% | 24.4% | 64.5% | 72.5% | 46.9% | ||
| 0.73 | 1.69 | 1.72 | 2.04 | 2.15 | 1.70 | 1.43 | 1.49 | 1.23 | 1.57 | 2.57 | 3.67 | 1.94 | ||
| 2.34 | 0.59 | 0.83 | 0.81 | 1.00 | 1.14 | 1.59 | 1.75 | 2.89 | 3.11 | 0.55 | 0.38 | 1.13 | ||
| 26.1% | 0.1% | 2.9% | 10.1% | 6.4% | 37.4% | 37.1% | 21.9% | 30.1% | 22.8% | 26.9% | 27.4% | 83.7% | ||
| 7.8% | 0.1% | 1.6% | 5.6% | 3.2% | 17.5% | 14.3% | 7.9% | 7.7% | 5.6% | 17.3% | 19.9% | 39.3% | ||
| 51.65 | 35.40 | 26.43 | 24.80 | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1 |
| 1 | 1 | 1 | 1.3 | |
| On a permanent contract | 1 | 1 | 1 | 1 |
| Joined | - | - | - | 0 |
| Left | - | - | - | 1 |
| Training hours | 2 | - | 10 | 10 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | - | - |
| Carrying value of the mortgaged assets | €310,072 | €337,204 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €15,752 | - | €60,049 |
| €42,823 | €42,656 | €43,056 | €45,865 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on DEVOLEC
The operating result for 2025 is 20% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 37.1% to 70.0%. Equity is lower and debt is higher.