Skip to content

DEVOLEC

Active Private limited companyfounded 2012active for 14 yearsVlietestraat 80, 8531 HarelbekeKBO/BCE: BE 0500.725.579

Overview

Lifetime

13 annual accounts with figures on one time axis
peak €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 accounts

Equity

€178,693 ▼ 51.3%
366,7632024+46,603Profit-234,673Dividend178,6932025

DEVOLEC paid out €234,673 in dividends. That is 504% of the 2025 profit.

Turnover

≈ €560,000 estimated

The accounts state no turnover.

Debts

€417,821 ▲ 93.3%
Other debts
+160,342
Suppliers
+42,168
Taxes and wages
+5,293
The rest
-6,180

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
deadline201520202025

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
  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 06-11-2012
Board & ownership

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
All 23 events

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
Company details

Annual accounts to 30-06-2025

€189,915▼ 6.9%
€46,603▲ 143×
€178,693▼ 51.3%
€596,514▲ 2.3%
Employeeson 30-06-2025
1=
Filing
Filed on 04-01-2026, 27 days before the end of the filing period
Financials

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.

Financials

Annual accounts 2025

micro format, filed on 04-01-2026, 27 days before the deadline
€189,915
▼ 6.9%
€77,225
▲ 20.4%
€46,603
▲ 143×
-€97,020
▼ €183,748
30.0%
▼ 33.0 percentage points
0.73
▼ 0.96

Turnover 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 30-06-2025
What the company ownsHow it is paid for

in 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.

DEVOLEC Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

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.

people who joined people who left

Training hours in 2025: 2.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013
Balance sheet: assets
20/58 596,514582,961730,393784,150831,195831,889634,060424,422581,486428,660222,793144,856162,491
20 ------------309
21/28 328,080370,903397,807440,863426,679470,521254,935236,373248,969205,91122,04713,6128,873
22/27 328,080370,903397,807440,863426,679470,521254,935236,373248,969205,91122,04713,6128,563
22 310,072337,204365,231394,351382,681411,581235,263234,619243,610192,050---
23 --4369281,4458662,2091,051-----
24 18,00833,69932,14045,58442,55358,07417,4637045,35913,86122,0478,474-
29/58 268,434212,058332,586343,287404,516361,368379,125188,049332,517222,748200,746131,244153,619
29 1,50027,50063,00080,00091,54380,00030,000------
291 1,50027,50063,00080,00091,54380,00030,000------
40/41 179,91182,038142,33888,93865,11289,882110,58346,692239,90971,33129,25870,060136,545
40 166,75872,349135,47180,23842,81674,63290,94036,750199,60349,41618,78358,182136,545
41 13,1539,6896,8688,70022,29615,25019,6439,94240,30621,91610,47511,878-
54/58 84,205100,832124,621167,857246,189189,980235,583141,06191,984150,286169,77759,87416,003
490/1 2,8181,6882,6276,4921,6721,5062,9602966241,1311,7111,3101,072
Balance sheet: equity and liabilities
10/49 596,514582,961730,393784,150831,195831,889634,060424,422581,486428,660222,793144,856162,491
10/15 178,693366,763400,148433,482415,464388,895245,006154,222149,333104,388143,662105,01976,198
10/11 12,40012,40012,40012,40012,400-12,40012,40012,40012,40012,40012,40012,400
100 ------18,55018,55018,55018,55018,60018,60018,600
101 ------6,1506,1506,1506,1506,2006,2006,200
11 -12,400---12,400-------
1100/10 -----12,400-------
1109/19 -12,400-----------
13 166,293354,363387,748421,082403,064376,495232,606141,822136,93391,988131,26292,61963,798
130/1 -----1,860-------
130 ------1,8601,8601,8601,8601,8601,8601,860
1319 -----1,860-------
132 -----37,50037,50037,50037,50037,50037,50018,75018,750
133 166,293354,363387,748421,082403,064337,135193,246102,46297,57352,62891,90272,00943,188
17/49 417,821216,198330,245350,668415,731442,994389,054270,200432,154324,27279,13139,83786,294
17 52,36790,868137,049182,524227,311230,782124,134143,599162,729181,531-3,1496,686
170/4 52,36790,868137,049182,524227,311230,782124,134143,599162,729181,531-3,1496,686
42/48 365,454125,330193,196168,144188,421212,212264,920126,601269,425141,75978,14035,77279,128
42 38,50246,18045,47544,78744,10534,00019,46519,13018,80218,469-3,5373,368
44 86,10243,93422,36335,07657,437108,78082,70732,418151,56048,2655,5318,91327,970
440/4 86,10243,93422,36335,07657,437108,78082,70732,418151,56048,2655,5318,91327,970
46 40,000-78,05365,00055,00043,523129,56236,50087,00050,48547,5002,500-
45 39,40634,11341,77821,00827,98520,53721,46927,90412,06318,89013,02914,89723,180
450/3 35,01631,83439,33118,98824,21018,49619,63927,90412,06318,89013,02914,89723,180
454/9 4,3902,2792,4472,0193,7752,0411,830------
47/48 161,4441,1035,5272,2733,8945,37311,71710,649-5,65012,0805,92524,610
492/3 ---------982990916479
Income statement
9900 189,915203,905218,099186,113177,947293,994198,66676,21393,16091,96267,31159,70987,848
62 65,74071,46166,36277,86679,30059,26641,836------
630 42,82342,65643,05645,86545,31738,83328,22219,18922,55841,24815,1659,3843,733
631/4 ------11,660-984--3,1138,547-
640/8 4,12725,65661,3862,0261,97812,4091,6531,5081,3192,3586481,2501,071
9901 77,22564,13247,29560,35751,351195,145126,95554,53269,28348,35648,38540,52783,044
75/76B 2,9034,4223,5803,5124,8496,2506,0477,8727,2596,8206,3552,8041,048
75 2,9034,4223,5803,5124,8496,2506,0477,8727,2596,8206,3552,8041,048
65/66B 2,3243,0173,4184,2845,0885,4495,5804,0504,9533,0846,0582,6281,155
65 2,3243,0173,4184,2845,0885,4495,5804,0504,9533,0846,0582,6281,155
9903 77,80365,53747,45659,58551,113195,946127,42258,35371,58952,09248,68240,70282,937
67/77 31,20065,21235,84515,90024,54450,45736,63924,64326,64428,28510,04011,88119,139
9904 46,60332511,61243,68426,569145,48990,78433,71144,94523,80738,64328,82163,798
789 ----37,500--------
689 ----------18,750-18,750
9905 46,60332511,61243,68464,069145,48990,78433,71144,94523,80719,89328,82145,048
Appropriation of the result
9906 46,60332511,61243,68464,069145,48990,78433,71144,94523,80719,89328,82145,048
791/2 234,67333,71144,94525,667---28,821-63,081---
691/2 46,60332511,61243,68464,069143,88990,78433,71144,94523,80719,89328,82145,048
6920 ------------1,860
6921 46,60332511,61243,68464,069143,88990,78433,71144,94523,80719,89328,82143,188
694/7 234,67333,71144,94525,667-1,600-28,821-63,081---
694 234,67333,71144,94525,667-1,600-28,821-63,081---
Social balance sheet
9087 1111.31.310.8------
Hours worked1013 1,7211,9241,9162,5092,4641,9101,448------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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.

Download as CSV

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 PDF
30-06-2024 micro format 21-12-2024 2025-00628886 PDF
30-06-2023 abbreviated format 18-12-2023 2023-00529859 PDF
30-06-2022 abbreviated format 19-12-2022 2022-20539854 PDF
30-06-2021 abbreviated format 20-12-2021 2021-80800087 PDF
30-06-2020 abbreviated format 31-12-2020 2020-77700246 PDF
30-06-2019 micro format 21-01-2020 2020-01700571 PDF
30-06-2018 micro format 07-01-2019 2019-00500509 PDF
30-06-2017 micro format 21-09-2017 2017-61900063 PDF
30-06-2016 abbreviated format 20-12-2016 2016-70700536 PDF
30-06-2015 abbreviated format 19-12-2015 2015-70200596 PDF
30-06-2014 abbreviated format 22-12-2014 2014-70100584 PDF
30-06-2013 abbreviated format 14-01-2014 2014-00800590 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013
120,048106,78890,351106,22196,669233,978155,17773,72191,84189,60563,55049,91186,777
89,42642,98154,66889,54971,886184,322119,00652,90067,50365,05553,80838,20567,530
015,752060,0491,475254,41946,7846,59465,616225,11323,60014,12311,677
-16,627-23,789-43,236-78,33356,209-45,60394,52149,077-58,301-19,491109,90343,871-
-97,02086,728139,390175,142216,096149,156114,20561,44863,09380,989122,60595,47274,491
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%
0.731.691.722.042.151.701.431.491.231.572.573.671.94
2.340.590.830.811.001.141.591.752.893.110.550.381.13
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%
51.6535.4026.4324.80---------

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

Item30-06-202530-06-202430-06-202330-06-2022
Employees at the balance-sheet date1111
full-time1111
in full-time equivalents1111
1111.3
On a permanent contract1111
Joined---0
Left---1
Training hours2-1010

Source: social balance sheet in the 2022 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item30-06-202530-06-202430-06-202330-06-2022
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
Item30-06-202530-06-202430-06-202330-06-2022
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.

Board & ownership

Board

1 director, last change in 2020
Director (not named in the articles)
since 06-11-2012
earlier manager, until 09-09-2020
listed in the 2025 annual accounts, filed on 04-01-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
    • Director (not named in the articles), from 06-11-2012 to date
    • Manager, until 09-09-2020

See the board, name and registered office on a given date →

Control

Capital

Contribution
€12,400
Source
2025 annual accounts

Network & group

No group

DEVOLEC has no parent and no holdings in its annual accounts. is the only director. DEVOLEC shares no director with another company.

At the same address

Vlietestraat 80, 8531 Harelbeke · 1 other company
Devoldere, Cleo (sole trader)
establishment since 02-10-2023
founded in 2023
0805.910.939

Timeline

Timeline

23 events since 2012

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFmicro format · 27 days before the deadline
2024
Annual accounts 2024 filed PDFmicro format · 41 days before the deadline
Weakest financial year net €325 ▼97.2% The net result drops to €325, the lowest from 2013 to 2025. It recovers the following year.
2023
Annual accounts 2023 filed PDFabbreviated format · 44 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0500725579
2022
Annual accounts 2022 filed PDFabbreviated format · 43 days before the deadline
2021
Annual accounts 2021 filed PDFabbreviated format · 42 days before the deadline
2020
Annual accounts 2020 filed PDFabbreviated format · 31 days before the deadline
Change of role: , from manager to director2 points ▸
  • Director resignation, (manager)
  • Director appointment, (director (not named in the articles))
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Highest result from 2013 to 2025 net €145,489 ▲60.3% The operating result of €195,145 and the net result of €145,489 are both a record.
Annual accounts 2019 filed PDFmicro format · 10 days before the deadline
2019
Equity above €200,000 equity €245,006 ▲58.9% Equity rises from €154,222 to €245,006.
Environmental permit granted Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Harelbeke
Annual accounts 2018 filed PDFmicro format · 24 days before the deadline
2018
Equity above €150,000 equity €154,222 ▲3.3% Equity rises from €149,333 to €154,222.
2017
Annual accounts 2017 filed PDFmicro format · 132 days before the deadline
2016
Annual accounts 2016 filed PDFabbreviated format · 42 days before the deadline
2015
Annual accounts 2015 filed PDFabbreviated format · 43 days before the deadline
2014
Annual accounts 2014 filed PDFabbreviated format · 40 days before the deadline
Equity above €100,000 equity €105,019 ▲37.8% With a profit in every financial year since 2013, equity grows to €105,019.
Annual accounts 2013 filed PDFabbreviated format · 17 days before the deadline
2012
First establishment Vlietestraat 80, Harelbeke
Incorporation PDFpublished on 14-11-2012

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 12 November 2012, DEVOLEC was incorporated.1 Total assets went from €634,060 in 2019 to €596,514 in 2025 and headcount from 0.8 to 1 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0500.725.579
VAT number
BE 0500.725.579
Peppol ID
0208:0500725579
Other Peppol ID
9925:BE0500725579
Legal form
Private limited company
Status
Active, normal situation
Founded
12-11-2012
Financial year
ends on 30 June
Peppol
Reachable since 31-10-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
DEVOLEC in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Joint committees annual accounts 30-06-2025
JC 149.01 Electricians: installation and distribution
Codes under NACEBEL 2008
VAT activities
43211 Specialised construction activities main activity
Social security (RSZ) activities
43211 Specialised construction activities main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Vlietestraat 80 registered office 8531 Harelbeke 21-11-2012 2.214.162.184

Buildings and parcels at the address

Ground area
742 m²
Buildings
116 m²
Volume, LiDAR
591 m³
Tallest building
7.5 m
Buildings to scale, each on its own parcel
116 m², 7.5 m 116 m², 7.5 m

Environmental permits

1 application in Flanders since 2019 · 1 granted
09-04-2019 Granted Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 13-03-2019 · project 2019025507 Harelbeke

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
34004A0105/00D000742 m² 1 · 116 m² 7.5 m · 2

Invoicing and payment

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. Use the enterprise number 0500.725.579