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DEVOOGHT LOGISTICS

Active
Private limited companyfounded 201511 yrs activeTieltsteenweg 3A, 8750 Wingene, BelgiumKBO/BCE: BE 0568.827.004
Summary

The computed 12-month bankruptcy probability of DEVOOGHT LOGISTICS is 1.9% (moderate). The 2025 annual accounts show equity of €2.20M and a net result of €72k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 74% of 868 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability74▼-15
Solvency88▲+9
Growth44▼-21
Track record100
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 1.93 in 2024; short-term debt: 23.5% and cash: 3.9% of total assets), and 37.5% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
62.5%
Return on assets
2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 11 years 0 20 y
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
9 d early
2023
2 d early
2022
13 d early
2021
13 d early
2020
18 d early
2019
21 d early
← before the deadline after the deadline →
Checked, nothing found (2)
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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€3.44M▼ 18.9%
2024 · €4.24M
2018: €3.84M 2019: €4.02M▲ +4.8% vs 2018 2020: €3.66M▼ -8.9% vs 2019 2021: €4.55M▲ +24.1% vs 2020highest in 8 years 2022: €4.24M▼ -6.8% vs 2021 2023: €4.40M▲ +3.7% vs 2022 2024: €4.24M▼ -3.6% vs 2023 2025: €3.44M▼ -18.9% vs 2024lowest in 8 years
2018 → 2025
EBIT margin
2.3%▼ 12.6pp
2024 · 14.9%
2018: 8.2% 2019: 8.1%▼ -1.2% vs 2018 2020: 5.9%▼ -26.7% vs 2019 2021: 6.3%▲ +6.7% vs 2020 2022: 1.1%▼ -82.4% vs 2021lowest in 8 years 2023: 10.0%▲ +794% vs 2022 2024: 14.9%▲ +49.7% vs 2023highest in 8 years 2025: 2.3%▼ -84.7% vs 2024
2018 → 2025
Net result
€72k▼ 85.2%
2024 · €486k
2018: €216k 2019: €219k▲ +1.4% vs 2018 2020: €155k▼ -29.4% vs 2019 2021: €216k▲ +39.3% vs 2020 2022: €28k▼ -86.9% vs 2021lowest in 8 years 2023: €303k▲ +975% vs 2022 2024: €486k▲ +60.3% vs 2023highest in 8 years 2025: €72k▼ -85.2% vs 2024
2018 → 2025
Working capital
€1.06M▲ 13.1%
2024 · €937k
2018: €100klowest in 8 years 2019: €237k▲ +138% vs 2018 2020: €420k▲ +77.3% vs 2019 2021: €666k▲ +58.6% vs 2020 2022: €287k▼ -56.9% vs 2021 2023: €1.01M▲ +252% vs 2022 2024: €937k▼ -7.1% vs 2023 2025: €1.06M▲ +13.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€4.55M-€4.24M▼ 6.8%€4.40M▲ 3.7%€4.24M▼ 3.6%€3.44M▼ 18.9% 2021: €4.55Mhighest in 5 years 2022: €4.24M▼ -6.8% vs 2021 2023: €4.40M▲ +3.7% vs 2022 2024: €4.24M▼ -3.6% vs 2023 2025: €3.44M▼ -18.9% vs 2024lowest in 5 years
Equity€1.20M-€1.23M▲ 2.4%€1.53M▲ 24.7%€2.16M▲ 41.2%€2.20M▲ 1.9% 2021: €1.20Mlowest in 5 years 2022: €1.23M▲ +2.4% vs 2021 2023: €1.53M▲ +24.7% vs 2022 2024: €2.16M▲ +41.2% vs 2023 2025: €2.20M▲ +1.9% vs 2024highest in 5 years
Operating result€288k-€47k▼ 83.6%€438k▲ 828%€632k▲ 44.3%€79k▼ 87.6% 2021: €288k 2022: €47k▼ -83.6% vs 2021lowest in 5 years 2023: €438k▲ +828% vs 2022 2024: €632k▲ +44.3% vs 2023highest in 5 years 2025: €79k▼ -87.6% vs 2024
Net result€216k-€28k▼ 86.9%€303k▲ 975%€486k▲ 60.3%€72k▼ 85.2% 2021: €216k 2022: €28k▼ -86.9% vs 2021lowest in 5 years 2023: €303k▲ +975% vs 2022 2024: €486k▲ +60.3% vs 2023highest in 5 years 2025: €72k▼ -85.2% vs 2024
Result per fiscal year
Operating resultNet result
€0€200k€400k€600kOperating result 2021: €288k€288kNet result 2021: €216k€216kOperating result 2022: €47k€47kNet result 2022: €28k€28kOperating result 2023: €438k€438kNet result 2023: €303k€303kOperating result 2024: €632k€632kNet result 2024: €486k€486kOperating result 2025: €79k€79kNet result 2025: €72k€72k20212022202320242025€0€200k€400k€600kOperating result 2023: €438k€438kNet result 2023: €303k€303kOperating result 2024: €632k€632kNet result 2024: €486k€486kOperating result 2025: €79k€79kNet result 2025: €72k€72k202320242025
The operating result falls in 2025; 2025 is 88% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.52M
Fixed assets €1.63M ▼ 21.0%
Current assets €1.88M ▼ 3.1%
Equity and liabilities €3.52M
Equity €2.20M ▲ 1.9%
Debt €1.32M ▼ 28.9%
Debt's share of the balance-sheet total falls from 46.2% to 37.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€514k▼
2024 · €1.06M
Cash flow
€507k▼
2024 · €912k
Current ratio
2.28▲
2024 · 1.93
Quick ratio
2.24▲
2024 · 1.88
Debt to equity
0.60▼
2024 · 0.86
ROE
3.3%▼
2024 · 22.5%
ROA
2.0%▼
2024 · 12.1%
Interest coverage
11.17▼
2024 · 21.70
Debt ≤ 1 year
€825k▼
2024 · €1.01M
Debt > 1 year
€493k▼
2024 · €847k
Income taxes
€15k▼
2024 · €119k
Staff costs
€1.60M▼
2024 · €1.84M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 73 lines
Balance sheet Code20242025
Assets
Total assets20/58€4.01M€3.52M▼
Fixed assets21/28€2.07M€1.63M▼
Tangible fixed assets22/27€1.36M€927k▼
Plant, machinery and equipment23€25k€19k▼
Furniture and vehicles24€209k€112k▼
Leasing and similar rights25€1.13M€796k▼
Financial fixed assets28€706k€706k=
Affiliated companies280/1€700k€700k=
Amounts receivable281€700k€700k=
Other financial fixed assets284/8€6k€6k=
Amounts receivable and cash guarantees285/8€6k€6k=
Current assets29/58€1.95M€1.88M▼
Stocks and contracts in progress3€46k€34k▼
Stocks30/36€46k€34k▼
Raw materials and consumables30/31€46k€34k▼
Amounts receivable within one year40/41€1.62M€1.68M▲
Trade receivables40€1.36M€1.25M▼
Other amounts receivable41€261k€429k▲
Cash at bank and in hand54/58€209k€136k▼
Deferred charges and accrued income490/1€73k€37k▼
Equity and liabilities
Total equity and liabilities10/49€4.01M€3.52M▼
Equity10/15€2.16M€2.20M▲
Contributions10/11€60k€60k=
Reserves13€1.95M€2.03M▲
Tax-exempt reserves132€57k€57k=
Distributable reserves133€1.90M€1.97M▲
Investment grants15€144k€113k▼
Amounts payable17/49€1.86M€1.32M▼
Amounts payable after more than one year17€847k€493k▼
Financial debts170/4€847k€493k▼
Leasing and similar obligations172€820k€493k▼
Credit institutions173€27k€0▼
Amounts payable within one year42/48€1.01M€825k▼
Current portion of amounts payable after more than one year42€375k€354k▼
Trade debts44€401k€275k▼
Suppliers440/4€401k€275k▼
Taxes, remuneration and social security45€232k€197k▼
Taxes450/3€17k€13k▼
Remuneration and social security454/9€216k€184k▼
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Operating income70/76A€5.12M€4.35M▼
Turnover70€4.24M€3.44M▼
Other operating income74€847k€883k▲
Non-recurring operating income76A€38k€25k▼
Operating charges60/66A€4.49M€4.27M▼
Goods for resale, raw materials and consumables60€1.31M€1.23M▼
Purchases600/8€1.32M€1.22M▼
Change in stocks: decrease (increase)609€-10k€12k▲
Services and other goods61€882k€969k▲
Remuneration, social security and pensions62€1.84M€1.60M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€426k€435k▲
Other operating charges640/8€32k€30k▼
Non-recurring operating charges66A€250€223▼
Operating profit (loss)9901€632k€79k▼
Financial income75/76B€27k€59k▲
Recurring financial income75€27k€59k▲
Income from financial fixed assets750€13k€28k▲
Income from current assets751€5k€0▼
Other financial income752/9€10k€31k▲
Financial charges65/66B€54k€50k▼
Recurring financial charges65€53k€50k▼
Debt charges650€49k€46k▼
Other financial charges652/9€4k€4k▲
Non-recurring financial charges66B€500€0▼
Profit (loss) for the period before taxes9903€605k€87k▼
Income taxes67/77€119k€15k▼
Taxes670/3€119k€15k▼
Profit (loss) for the period9904€486k€72k▼
Profit (loss) for the period to be appropriated9905€486k€72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€486k€72k▼
Transfer to equity691/2€486k€72k▼
To other reserves6921€486k€72k▼
Social balance
Average headcount (FTE)908725.222.4▼

The notes to these accounts (76 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Operating income70/76A€5.38M€5.10M€5.25M€5.12M€4.35M▼ 15.2%
Turnover70€4.55M€4.24M€4.40M€4.24M€3.44M▼ 18.9%
Other operating income74€787k€801k€834k€847k€883k▲ 4.2%
Non-recurring operating income76A€48k€56k€14k€38k€25k▼ 33.0%
Operating charges60/66A€5.10M€5.05M€4.81M€4.49M€4.27M▼ 5.0%
Goods for resale, raw materials and consumables60€-2k€4k€1.42M€1.31M€1.23M▼ 6.4%
Purchases600/8€6k€5k€1.42M€1.32M€1.22M▼ 8.1%
Change in stocks: decrease (increase)609€-8k€-2k€-3k€-10k€12k▲ 218%
Services and other goods61€2.25M€2.57M€917k€882k€969k▲ 9.8%
Remuneration, social security and pensions62€2.30M€1.88M€1.90M€1.84M€1.60M▼ 12.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€405k€466k€527k€426k€435k▲ 2.2%
Other operating charges640/8€140k€129k€41k€32k€30k▼ 7.8%
Non-recurring operating charges66A€3k€3k€5k€250€223▼ 10.6%
Operating profit (loss)9901€288k€47k€438k€632k€79k▼ 87.6%
Financial income75/76B€3€15k€7k€27k€59k▲ 119%
Recurring financial income75€3€15k€7k€27k€59k▲ 119%
Income from financial fixed assets750-€15k€7k€13k€28k▲ 122%
Income from current assets751---€5k€0▼ 100%
Other financial income752/9€3€0€2€10k€31k▲ 222%
Financial charges65/66B€21k€25k€40k€54k€50k▼ 6.1%
Recurring financial charges65€21k€24k€40k€53k€50k▼ 5.2%
Debt charges650€16k€20k€35k€49k€46k▼ 5.7%
Other financial charges652/9€5k€5k€5k€4k€4k▲ 0.5%
Non-recurring financial charges66B-€319€0€500€0▼ 100%
Profit (loss) for the period before taxes9903€268k€38k€406k€605k€87k▼ 85.6%
Income taxes67/77€52k€9k€103k€119k€15k▼ 87.4%
Taxes670/3€52k€9k€103k€119k€15k▼ 87.4%
Profit (loss) for the period9904€216k€28k€303k€486k€72k▼ 85.2%
Transfer to tax-exempt reserves689€48k€0----
Profit (loss) for the period to be appropriated9905€168k€28k€303k€486k€72k▼ 85.2%
Line20212022202320242025Change
Assets
Total assets20/58€2.85M€2.54M€3.10M€4.01M€3.52M▼ 12.4%
Fixed assets21/28€1.18M€1.38M€1.35M€2.07M€1.63M▼ 21.0%
Tangible fixed assets22/27€1.18M€978k€1.34M€1.36M€927k▼ 31.9%
Plant, machinery and equipment23€34k€33k€31k€25k€19k▼ 22.4%
Furniture and vehicles24€373k€303k€286k€209k€112k▼ 46.5%
Leasing and similar rights25€773k€643k€1.02M€1.13M€796k▼ 29.5%
Financial fixed assets28-€400k€6k€706k€706k=
Affiliated companies280/1-€400k€0€700k€700k=
Amounts receivable281-€400k€0€700k€700k=
Other financial fixed assets284/8--€6k€6k€6k=
Amounts receivable and cash guarantees285/8--€6k€6k€6k=
Current assets29/58€1.67M€1.16M€1.75M€1.95M€1.88M▼ 3.1%
Amounts receivable after more than one year29€6k€6k€0---
Other amounts receivable291€6k€6k€0---
Stocks and contracts in progress3€31k€33k€36k€46k€34k▼ 26.0%
Stocks30/36€31k€33k€36k€46k€34k▼ 26.0%
Raw materials and consumables30/31€31k€33k€36k€46k€34k▼ 26.0%
Amounts receivable within one year40/41€870k€817k€1.48M€1.62M€1.68M▲ 3.8%
Trade receivables40€699k€704k€1.35M€1.36M€1.25M▼ 7.9%
Other amounts receivable41€170k€113k€128k€261k€429k▲ 64.4%
Cash at bank and in hand54/58€626k€252k€202k€209k€136k▼ 35.1%
Deferred charges and accrued income490/1€139k€55k€32k€73k€37k▼ 49.8%
Equity and liabilities
Total equity and liabilities10/49€2.85M€2.54M€3.10M€4.01M€3.52M▼ 12.4%
Equity10/15€1.20M€1.23M€1.53M€2.16M€2.20M▲ 1.9%
Contributions10/11€60k€60k€60k€60k€60k=
Reserves13€1.14M€1.17M€1.47M€1.95M€2.03M▲ 3.7%
Tax-exempt reserves132€57k€57k€57k€57k€57k=
Distributable reserves133€1.08M€1.11M€1.41M€1.90M€1.97M▲ 3.8%
Investment grants15---€144k€113k▼ 21.3%
Amounts payable17/49€1.65M€1.31M€1.57M€1.86M€1.32M▼ 28.9%
Amounts payable after more than one year17€649k€439k€825k€847k€493k▼ 41.8%
Financial debts170/4€649k€439k€825k€847k€493k▼ 41.8%
Leasing and similar obligations172€469k€310k€747k€820k€493k▼ 39.8%
Credit institutions173€179k€129k€78k€27k€0▼ 100%
Amounts payable within one year42/48€1.01M€874k€743k€1.01M€825k▼ 18.2%
Current portion of amounts payable after more than one year42€352k€385k€327k€375k€354k▼ 5.7%
Financial debts43€10k€0----
Credit institutions430/8€10k€0----
Trade debts44€478k€315k€221k€401k€275k▼ 31.4%
Suppliers440/4€478k€315k€221k€401k€275k▼ 31.4%
Taxes, remuneration and social security45€166k€174k€195k€232k€197k▼ 15.4%
Taxes450/3€10k€0€19k€17k€13k▼ 23.9%
Remuneration and social security454/9€156k€174k€176k€216k€184k▼ 14.8%
Accrued charges and deferred income492/3€63€0€1k€0--
Line20212022202320242025Change
Profit (loss) for the period9904€216k€28k€303k€486k€72k▼ 85.2%
+ Depreciation and write-downs630€405k€466k€527k€426k€435k▲ 2.2%
Operating cash flow (approximation)€621k€494k€830k€912k€507k▼ 44.4%
Investment in fixed assets (approximation)-€-664k€-495k€-1.15M€208▲ 100%
Change in cash-€-374k€-50k€7k€-73k▼ 1,093%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
22-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2018net €486k ▲60.3%
Operating result €632k, net result €486k, both a record.
31-12
Financial Equity above €2MEq €2.16M ▲41.2%
7 profitable years in a row build equity to €2.16M.
29-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
18-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet €28k ▼86.9%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
18-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Equity above €1MEq €1.20M ▲22%
4 profitable years in a row build equity to €1.20M.
13-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
18-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2016
23-12
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wingene · 4 establishment units since 2015
seat establishment All 4 establishment units on the map
Ground area
7.6 ha
Building footprint
3,714 m²
Volume, LiDAR
18,953 m³
4 parcels, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
4 establishment units
Devooght Logistics BVBA
Maïslaan 12, 8800 RoeselareMining support service activities
since 20152.239.049.218
Devooght Logistics BVBA
Tieltsteenweg 3A, 8750 WingeneMining support service activities
since 20152.239.050.307
Devooght Logistics
Christoffel Columbuslaan 3, 9042 GentMining support service activities
since 20162.250.234.308
Devooght Logistics
Dijkstraat 30, 9160 LokerenMining support service activities
since 20162.250.234.407
4 parcels
Flanders 4 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44814G0093/00D000 Flanders 2.9 ha 1 · 1,069 m² 3.2 m
46382B0962/00K000 Flanders 1.8 ha 1 · 117 m² 3.3 m · 1 fl.
37018E0041/00M000 Flanders 1.5 ha 1 · 2,001 m² 10.6 m · 2 fl.
36502B1748/00R000 Flanders 1.4 ha 1 · 527 m² 10.1 m · 3 fl.
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 9 entries · 177,077 EUR awarded · 171,071 EUR paid
Year Entries awardedpaid
2025 3 2,029 EUR59,672 EUR
2024 2 159,594 EUR96,098 EUR
2023 2 5,022 EUR5,319 EUR
2022 2 10,432 EUR9,982 EUR
Schemes
Ecologiepremie+
3 entries · 158,000 EUR · 153,260 EUR paid · Fonds voor Innoveren en Ondernemen
Subsidies ecologisch en veilig transport (stopgezet)
2 entries · 12,000 EUR · 12,000 EUR paid · Departement Mobiliteit en Openbare Werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
4 entries · 7,077 EUR · 5,811 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 2,877 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded19-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Contact
E-mail ellen@trans-beton.be
Phone 093489060

Scores and ratios are computed by Checked and are not a credit decision.