DEVORO
ActiveSummary
DEVORO has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €918,528. Equity has been growing by about 23% per year since 2018. Its solvency ranks better than 64% of 199 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-10-1988 Normal situation
- Activity
- Manufacture of textiles NACE 13100and 1 other
- Establishment unit
- 2.040.493.483 8780 Oostrozebeke, since 13-10-1988
- Financial year end
- 31 January
- Peppol
- Reachable since 01-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €1.7m
- ▲ 30.1%
- Turnover
- ≈ €3.0m
- estimated
- Profit
- €918,528
- ▲ 42.1%
- Equity
- €2.9m
- ▲ 47.4%
- Total assets
- €4.5m
- ▼ 3.0%
- Employees on 31-01-2025
- 6
- ▼ 14.3%
- 2026 accounts not filed, 63 days past the deadline
Score breakdownraises riskCapped at 59: a confirmed filing finding1 financial year not filed after the legal deadline; last filed accounts filed 85 days late; 3 of the last 3 accounts lateFigures for financial year 2025 (filed on 27-11-2025)lowers riskFounded in 1988Liquidity: current ratio 2.57, cash €2.4mShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 13, micro). It does better than 66% of them on solvency, 85% on liquidity, 88% on profitability and 90% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 96 days after the deadline. In the sector (NACE 13), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, abbreviated format
2026 annual accounts not yet filed, deadline passed on 31 August 2026 The financial year closed on 31 January 2026. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2025 filed on 24-11-2025 PDF all 37 filings
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result for 2025 is 44% higher than in 2024 and the highest since 2020.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of textiles (NACE 13). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-01-2024 | 31-01-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 6 | 7 | 6 |
| full-time | 5 | 5 | 5 | 6 |
| part-time | 1 | 1 | 2 | 0 |
| in full-time equivalents | 5.5 | 5.5 | 6.1 | 6 |
| Average over the year, in full-time equivalents | 5.8 | 6 | 6.2 | 6.4 |
| On a permanent contract | 6 | 6 | 7 | 6 |
| Joined | 9 | 13 | 10 | 13 |
| Left | 9 | 13 | 9 | 14 |
| Training hours | - | - | 0 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 31-01-2024 | 31-01-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €95,650 | €281,265 | €145,638 | €178,160 |
| Depreciation and write-downs of the year | €33,250 | €50,044 | €103,620 | €117,094 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Comparable companies
These companies have the same main activity as DEVORO: manufacture of textiles (NACE 13100). They are comparable in size and age: total assets between €3.8m and €8m, founded between 1984 and 1996.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| DEVORO Oostrozebeke | 1988 | €4.5m | €2.9m | €1.7m | €0.9m | 6.4 | 2025 |
| VANSTEENKISTE Wevelgem | 1987 | €4.6m | €3.4m | €1.4m | €0.5m | 4.7 | 2025 |
| DECLERCK GEBROEDERS Wielsbeke | 1993 | €4.3m | €2.5m | €1.4m | €0.4m | 7.3 | 2025 |
| HUCK Koekelare | 1989 | €4.1m | €3.9m | €0.9m | €0.3m | 6.7 | 2025 |
| DEWAELE Waregem | 1989 | €7.1m | €5.8m | €1.3m | €0.5m | 3.4 | 2025 |
| FLAX GHEKIERE Ledegem | 1984 | €8.0m | €2.3m | €2.3m | €1.3m | 4 | 2026 |
| CARLINO Wielsbeke | 1996 | €3.8m | €0.8m | €1.1m | €0.2m | 10.2 | 2025 |
They were chosen from the 131 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as DEVORO has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DEVORO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,368 companies, not a prediction for DEVORO. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.01m | €0.06m | €0.03m | ▼ 58.6% |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.06m | €0.05m | €0.03m | €0.05m | €0.1m | €0.1m | ▲ 13.0% |
| Other operating charges640/8 | - | - | - | €0.04m | €0.07m | €0.06m | €0.05m | ▼ 12.7% |
| Gross operating margin9900 | €0.4m | €0.4m | €0.4m | €0.7m | €1.0m | €1.3m | €1.7m | ▲ 30.1% |
| Operating profit (loss)9901 | €0.1m | €0.2m | €0.2m | €0.5m | €0.6m | €0.9m | €1.3m | ▲ 44.4% |
| Financial income75/76B | - | - | - | €422 | €0.01m | €0.06m | €0.03m | ▼ 52.9% |
| Recurring financial income75 | €0.001m | €0.001m | €0.001m | €422 | €0.01m | €0.06m | €0.03m | ▼ 52.9% |
| Financial charges65/66B | - | - | - | €0.02m | €0.02m | €0.04m | €0.02m | ▼ 35.0% |
| Recurring financial charges65 | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | €0.04m | €0.02m | ▼ 35.0% |
| Profit (loss) for the period before taxes9903 | €0.08m | €0.2m | €0.2m | €0.4m | €0.6m | €1.0m | €1.3m | ▲ 41.7% |
| Income taxes67/77 | €0.03m | €0.06m | €0.05m | €0.1m | €0.2m | €0.3m | €0.4m | ▲ 40.8% |
| Profit (loss) for the period9904 | €0.05m | €0.09m | €0.1m | €0.3m | €0.4m | €0.6m | €0.9m | ▲ 42.1% |
| Profit (loss) for the period to be appropriated9905 | €0.05m | €0.09m | €0.1m | €0.3m | €0.4m | €0.6m | €0.9m | ▲ 42.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.1m | €1.9m | €2.0m | €1.9m | €2.9m | €4.6m | €4.5m | ▼ 3.0% |
| Fixed assets21/28 | €0.1m | €0.06m | €0.06m | €0.1m | €0.4m | €0.4m | €0.3m | ▼ 16.3% |
| Tangible fixed assets22/27 | €0.1m | €0.06m | €0.06m | €0.1m | €0.4m | €0.4m | €0.3m | ▼ 16.3% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.2m | €0.2m | €0.2m | ▼ 7.5% |
| Furniture and vehicles24 | - | - | - | €0.08m | €0.1m | €0.1m | €0.1m | ▼ 30.7% |
| Current assets29/58 | €2.0m | €1.8m | €1.9m | €1.8m | €2.6m | €4.2m | €4.1m | ▼ 1.7% |
| Stocks and contracts in progress3 | €0.9m | €0.7m | €1.1m | €0.5m | €0.8m | €2.1m | €1.3m | ▼ 38.4% |
| Stocks30/36 | - | - | - | €0.5m | €0.8m | €2.1m | €1.3m | ▼ 38.4% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.09m | €0.09m | €0.3m | €0.2m | €0.09m | ▼ 61.6% |
| Trade receivables40 | - | - | - | €0.09m | €0.3m | €0.2m | €0.07m | ▼ 67.6% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | €0.02m | €0.02m | ▼ 5.9% |
| Current investments50/53 | - | - | - | - | - | €0.5m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.7m | €0.8m | €0.7m | €1.2m | €1.5m | €1.4m | €2.4m | ▲ 71.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.4m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.1m | €1.9m | €2.0m | €1.9m | €2.9m | €4.6m | €4.5m | ▼ 3.0% |
| Equity10/15 | €0.6m | €0.7m | €0.8m | €0.9m | €1.3m | €1.9m | €2.9m | ▲ 47.4% |
| Contributions10/11 | €0.08m | €0.08m | - | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.5m | €0.6m | €0.7m | €0.8m | €1.2m | €1.9m | €2.8m | ▲ 49.3% |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.008m | €0.008m | €0 | - | - |
| Distributable reserves133 | - | - | - | €0.8m | €1.2m | €1.9m | €2.8m | ▲ 49.3% |
| Amounts payable17/49 | €1.5m | €1.2m | €1.1m | €1.0m | €1.6m | €2.7m | €1.6m | ▼ 39.7% |
| Amounts payable within one year42/48 | €1.5m | €1.2m | €1.1m | €1.0m | €1.6m | €2.7m | €1.6m | ▼ 39.7% |
| Trade debts44 | €1.0m | €0.6m | €0.7m | €0.4m | €1.1m | €2.1m | €1.5m | ▼ 32.2% |
| Suppliers440/4 | - | - | - | €0.4m | €1.1m | €2.1m | €1.5m | ▼ 32.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.04m | €0.1m | €0.03m | ▼ 79.4% |
| Taxes450/3 | - | - | - | €0.1m | €0.02m | €0.1m | €0.007m | ▼ 93.4% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.03m | €0.02m | €0.02m | ▼ 12.6% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.4m | €0.1m | ▼ 67.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.05m | €0.09m | €0.1m | €0.3m | €0.4m | €0.6m | €0.9m | ▲ 42.1% |
| + Depreciation and write-downs630 | €0.1m | €0.06m | €0.05m | €0.03m | €0.05m | €0.1m | €0.1m | ▲ 13.0% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €0.2m | €0.3m | €0.5m | €0.8m | €1.0m | ▲ 38.1% |
| Investment in fixed assets (approximation) | - | €0.02m | -€0.05m | -€0.1m | -€0.3m | - | -€0.05m | - |
| Change in cash | - | €0.1m | -€0.2m | €0.5m | €0.4m | - | €1.0m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-01-2025 | abbreviated format | 24-11-2025 | 2025-00571275 | |
| 31-01-2024 | abbreviated format | 21-10-2024 | 2024-00512901 | |
| 31-12-2022 | abbreviated format | 23-10-2023 | 2023-00492859 | |
| 31-12-2021 | abbreviated format | 26-01-2023 | 2023-00005602 | |
| 31-12-2020 | abbreviated format | 27-10-2021 | 2021-73600368 | |
| 31-12-2019 | abbreviated format | 28-10-2020 | 2020-64100562 | |
| 31-12-2018 | abbreviated format | 07-10-2019 | 2019-68500428 | |
| 31-12-2017 | abbreviated format | 27-09-2018 | 2018-66300326 | |
| 31-12-2016 | abbreviated format | 27-09-2017 | 2017-62600349 | |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-63000553 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 07-07-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DEVOS Lode |
|
| DEVOS Wilfer |
|
Network & group
DEVORO shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of DEVORO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-07
Gazette deed
Change of role: DEVOS Lode, from zaakvoerder to directorResignation: DEVOS Wilfer (zaakvoerder) · Purpose change · Amendment of the articles13 points ▸
- General meeting, 02-06-2023, “buitengewone algemene vergadering” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “opheffing statutair onbeschikbare eigen vermogensrekening, Derde besluit” (deed in Dutch)
- Director resignation, DEVOS Lode ((statutaire)zaakvoerder)
- Director resignation, DEVOS Wilfer ((statutaire)zaakvoerder)
- Director discharge, DEVOS Lode
- Director discharge, DEVOS Wilfer
- Director appointment, DEVOS Lode (director)
- Capital
- Registered office clause, “Vlaams Gewest, Roterijstraat 3,8780 Oostrozebeke” (deed in Dutch)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteLegal Entity Identifier
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 37010C0169/00F000 | Flanders | 8,719 m² | 1 · 2,354 m² | 19.8 m · 3 |