DEVOLIN
ActiveDEVOLIN has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €533k and a net result of €162k. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 64% of 1729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+18
Solvency80▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.32 against 2.02 in 2024; short-term debt: 33.5% and cash: 25% of total assets), and 45.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.7%
Return on assets
16.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
2 d early
2022
31 d early
2021
3 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€533k▲ 43.8%
2024 · €370k
2018: €81k
2019: €81k
2020: €87k
2021: €101k
2022: €269k
2023: €352k
2024: €370k
2018 → 2025
Total assets
€974k▲ 37.2%
2024 · €710k
2018: €334k
2019: €302k
2020: €308k
2021: €329k
2022: €552k
2023: €687k
2024: €710k
2018 → 2025
Net result
€162k▲ 798%
2024 · €18k
2018: €251
2019: €230
2020: €15k
2021: €14k
2022: €168k
2023: €84k
2024: €18k
2018 → 2025
Working capital
€432k▲ 82.2%
2024 · €237k
2018: €97k
2019: €63k
2020: €74k
2021: €84k
2022: €263k
2023: €295k
2024: €237k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€269k▲ 166%€352k▲ 31.1%€370k▲ 5.1%€533k▲ 43.8%
Operating result€22k-€245k▲ 1,005%€114k▼ 53.3%€18k▼ 83.9%€212k▲ 1,054%
Net result€14k-€168k▲ 1,126%€84k▼ 50.2%€18k▼ 78.4%€162k▲ 798%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,054% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €974k
Fixed assets
€215k▼ 10.1%
Current assets
€759k▲ 61.2%
Equity and liabilities €974k
Equity
€533k▲ 43.8%
Debt
€442k▲ 29.9%
The debt ratio falls from 47.9% to 45.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€268k▲
2024 · €72k
Cash flow
€219k▲
2024 · €72k
Solvency
54.7%▲
2024 · 52.1%
Current ratio
2.32▲
2024 · 2.02
Quick ratio
2.16▲
2024 · 1.63
Debt / equity
0.83▼
2024 · 0.92
ROE
30.5%▲
2024 · 4.9%
ROA
16.7%▲
2024 · 2.5%
Interest coverage
47.44▲
2024 · 11.51
Debt
€442k▲
2024 · €340k
Debt ≤ 1 year
€327k▲
2024 · €234k
Debt > 1 year
€67k▼
2024 · €104k
Income taxes
€65k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€710k€974k▲
Fixed assets21/28€239k€215k▼
Tangible fixed assets22/27€239k€215k▼
Land and buildings22€52k€61k▲
Plant, machinery and equipment23€171k€142k▼
Furniture and vehicles24€17k€12k▼
Current assets29/58€471k€759k▲
Stocks and contracts in progress3€90k€53k▼
Stocks30/36€90k€53k▼
Amounts receivable within one year40/41€29k€48k▲
Trade receivables40€23k€48k▲
Other amounts receivable41€6k-
Current investments50/53€108k€376k▲
Cash at bank and in hand54/58€242k€243k▲
Deferred charges and accrued income490/1€2k€39k▲
Equity and liabilities
Total equity and liabilities10/49€710k€974k▲
Equity10/15€370k€533k▲
Contributions10/11€25k€25k=
Reserves13€345k€508k▲
Distributable reserves133€345k€508k▲
Amounts payable17/49€340k€442k▲
Amounts payable after more than one year17€104k€67k▼
Financial debts170/4€104k€67k▼
Amounts payable within one year42/48€234k€327k▲
Current portion of amounts payable after more than one year42€37k€37k▼
Trade debts44€4k€45▼
Suppliers440/4€4k€45▼
Advances received on contracts in progress46-€38k
Taxes, remuneration and social security45€3k€49k▲
Taxes450/3€2k€47k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€189k€203k▲
Accrued charges and deferred income492/3€3k€48k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€57k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€74k€270k▲
Operating profit (loss)9901€18k€212k▲
Financial income75/76B€10k€21k▲
Recurring financial income75€10k€21k▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€22k€227k▲
Income taxes67/77€4k€65k▲
Profit (loss) for the period9904€18k€162k▲
Profit (loss) for the period to be appropriated9905€18k€162k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€162k▲
Transfer to equity691/2€18k€162k▲
To other reserves6921€18k€162k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €533k ▲43.8%
8 profitable years in a row build equity to €533k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €168k ▲1126%
Operating result €245k, net result €168k, both a record.
31-12
Financial
Equity above €200kEq €269k ▲166%
5 profitable years in a row build equity to €269k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €101k ▲15.7%
4 profitable years in a row build equity to €101k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €230 ▼8.2%
Net result drops to €230, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Sint-Laureins · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vlamingstraat(STM) 939981 Sint-LaureinsGround area
3,764 m²
Building footprint
83 m²
Volume, LiDAR
453 m³
Parcel 43015C0856/00F000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVOLIN BVBA
since 20002.099.733.957
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43015C0856/00F000 | Flanders | 3,763 m² | 1 · 83 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Laureins2.099.733.957
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AGRITY
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 1,025 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-07-2000
Fiscal year end31-12
Activities, NACEBEL
01610Support activities for crop production
17140
01160Crop and animal production, hunting and related service activities
13100Manufacture of textiles
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.