DEVORO
ActiveDEVORO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.86M and a net result of €919k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 171 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency99▲+22
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 1.58 in 2024), and 36% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 13
Relative position
BE, all sectors
reference
Sector 13
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
64%
Return on assets
20.6%
Age of the figures
19 mo
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 24-11-2025, 85 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
85 d late
2024
51 d late
2022
84 d late
2021
179 d late
2020
88 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Equity
€2.86M▲ 47.4%
2024 · €1.94M
2018: €604k
2019: €698k
2020: €817k
2021: €854k
2022: €1.29M
2024: €1.94M
2018 → 2025
Total assets
€4.46M▼ 3.0%
2024 · €4.60M
2018: €2.09M
2019: €1.86M
2020: €1.96M
2021: €1.89M
2022: €2.92M
2024: €4.60M
2018 → 2025
Net result
€919k▲ 42.1%
2024 · €646k
2018: €48k
2019: €94k
2020: €119k
2021: €302k
2022: €438k
2024: €646k
2018 → 2025
Working capital
€2.53M▲ 63.6%
2024 · €1.54M
2018: €468k
2019: €642k
2020: €760k
2021: €734k
2022: €940k
2024: €1.54M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€817k-€854k▲ 4.5%€1.29M▲ 51.3%€1.94M▲ 50.1%€2.86M▲ 47.4%
Operating result€184k-€467k▲ 155%€635k▲ 35.9%€932k▲ 46.7%€1.35M▲ 44.4%
Net result€119k-€302k▲ 153%€438k▲ 45.2%€646k▲ 47.7%€919k▲ 42.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 44% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.46M
Fixed assets
€329k▼ 16.3%
Current assets
€4.13M▼ 1.7%
Equity and liabilities €4.46M
Equity
€2.86M▲ 47.4%
Debt
€1.61M▼ 39.7%
The debt ratio falls from 57.9% to 36.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.46M▲
2024 · €1.04M
Cash flow
€1.04M▲
2024 · €750k
Solvency
64.0%▲
2024 · 42.1%
Current ratio
2.57▲
2024 · 1.58
Quick ratio
1.79▲
2024 · 0.81
Debt / equity
0.56▼
2024 · 1.37
ROE
32.2%▼
2024 · 33.4%
ROA
20.6%▲
2024 · 14.1%
Interest coverage
60.95▲
2024 · 28.03
Debt
€1.61M▼
2024 · €2.66M
Debt ≤ 1 year
€1.61M▼
2024 · €2.66M
Income taxes
€430k▲
2024 · €305k
Staff costs
€212k▼
2024 · €233k
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€4.60M€4.46M▼
Fixed assets21/28€393k€329k▼
Tangible fixed assets22/27€393k€329k▼
Plant, machinery and equipment23€244k€226k▼
Furniture and vehicles24€149k€103k▼
Current assets29/58€4.21M€4.13M▼
Stocks and contracts in progress3€2.05M€1.26M▼
Stocks30/36€2.05M€1.26M▼
Amounts receivable within one year40/41€237k€91k▼
Trade receivables40€214k€69k▼
Other amounts receivable41€23k€22k▼
Current investments50/53€500k€0▼
Cash at bank and in hand54/58€1.42M€2.43M▲
Deferred charges and accrued income490/1-€350k
Equity and liabilities
Total equity and liabilities10/49€4.60M€4.46M▼
Equity10/15€1.94M€2.86M▲
Contributions10/11€75k€75k=
Reserves13€1.86M€2.78M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1.86M€2.78M▲
Amounts payable17/49€2.66M€1.61M▼
Amounts payable within one year42/48€2.66M€1.61M▼
Trade debts44€2.15M€1.45M▼
Suppliers440/4€2.15M€1.45M▼
Taxes, remuneration and social security45€138k€28k▼
Taxes450/3€114k€7k▼
Remuneration and social security454/9€24k€21k▼
Other amounts payable47/48€377k€123k▼
Income statement
Code20242025
Non-recurring operating income76A€61k€25k▼
Remuneration, social security and pensions62€233k€212k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€117k▲
Other operating charges640/8€59k€51k▼
Gross operating margin9900€1.33M€1.73M▲
Operating profit (loss)9901€932k€1.35M▲
Financial income75/76B€57k€27k▼
Recurring financial income75€57k€27k▼
Financial charges65/66B€37k€24k▼
Recurring financial charges65€37k€24k▼
Profit (loss) for the period before taxes9903€952k€1.35M▲
Income taxes67/77€305k€430k▲
Profit (loss) for the period9904€646k€919k▲
Profit (loss) for the period to be appropriated9905€646k€919k▲
Appropriation of the result
Profit (loss) to be appropriated9906€646k€919k▲
Transfer to equity691/2€646k€919k▲
To other reserves6921€646k€919k▲
Social balance
Average headcount (FTE)90876.26.4▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 85 days late
31-01
Financial
Highest result since 2018net €919k ▲42.1%
Operating result €1.35M, net result €919k, both a record.
31-01
Financial
Equity above €2MEq €2.86M ▲47.4%
7 profitable years in a row build equity to €2.86M.
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 51 days late
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 84 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 179 days late
2022
31-12
Financial
Equity above €1MEq €1.29M ▲51.3%
5 profitable years in a row build equity to €1.29M.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 68 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Oostrozebeke · 1 establishment unit since 1988
Ground area
8,719 m²
Building footprint
2,354 m²
Volume, LiDAR
18,135 m³
Parcel 37010C0169/00F000, Flanders · tallest building 19.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Roterijstraat 3, 8780 Oostrozebeke
since 19882.040.493.483
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37010C0169/00F000 | Flanders | 8,719 m² | 1 · 2,354 m² | 19.8 m · 3 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.
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DEVANTA
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DECLERCK GEBROEDERS
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Of 209 companies in sector 13100 we hold annual accounts for 138. 98 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-1988
Fiscal year end31-01
Activities, NACEBEL
13100Manufacture of textiles
17140
01160Crop and animal production, hunting and related service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.