DEVOS
ActiveSummary
DEVOS has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€624,425) and a net result of €169,332. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 6% of 13,576 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- -€624,425
- Profit
- €169,332
Why 56raises riskCapped at 59: negative equityNegative equity -€624,425Sector: Wholesale trade (NACE 46)lowers riskSize: total assets €321,667Founded in 1997Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 6% on solvency, 25% on liquidity, 95% on profitability and 76% on growth.
The bankruptcy probability was computed on 18-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 8 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Capital & sharesCapital increase · Amendment of…
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €169,332
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €205,216 after a loss of €164,923 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 91.4% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €31,524 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €15,530 | €16,239 | €17,234 | -€376 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €140,772 | €139,547 | €140,047 | €138,265 | €133,742 | €39,248 | €25,209 | ▼ 35.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €16,247 | €15,744 | €17,316 | €23,008 | ▲ 32.9% |
| Non-recurring operating charges66A | - | - | - | - | €17,717 | €167,812 | €8,720 | ▼ 94.8% |
| Gross operating margin9900 | €114,016 | €172,513 | -€33,259 | €59,833 | €290,224 | €76,687 | €261,776 | ▲ 241% |
| Operating profit (loss)9901 | -€57,228 | -€5,105 | -€205,755 | -€110,209 | €106,783 | -€164,923 | €205,216 | - |
| Financial income75/76B | - | - | - | €950 | €1,223 | €5,968 | €252 | ▼ 95.8% |
| Recurring financial income75 | €356 | €1,398 | €356 | €950 | €1,223 | €5,968 | €252 | ▼ 95.8% |
| Financial charges65/66B | - | - | - | €32,064 | €26,327 | €36,175 | €35,813 | ▼ 1.0% |
| Recurring financial charges65 | €26,144 | €26,353 | €30,200 | €32,064 | €26,327 | €36,175 | €35,813 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | -€83,016 | -€30,060 | -€235,599 | -€141,323 | €81,679 | -€195,131 | €169,655 | - |
| Transfer from deferred taxes780 | - | - | - | €183 | €183 | €2,509 | €1 | ▼ 100.0% |
| Income taxes67/77 | €532 | €499 | €349 | €323 | €281 | €194 | €323 | ▲ 66.2% |
| Profit (loss) for the period9904 | -€83,365 | -€30,376 | -€235,765 | -€141,463 | €81,581 | -€192,816 | €169,332 | - |
| Profit (loss) for the period to be appropriated9905 | -€83,365 | -€30,376 | -€235,765 | -€141,463 | €81,581 | -€192,816 | €169,332 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.7m | €0.9m | €0.8m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 57.7% |
| Fixed assets21/28 | €0.6m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 14.8% |
| Tangible fixed assets22/27 | €0.6m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 15.3% |
| Land and buildings22 | - | - | - | €0.1m | €0.09m | €0.1m | €0.1m | ▼ 16.4% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €444 | €152 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €0 | €0.08m | €0.06m | €0.005m | ▼ 92.8% |
| Leasing and similar rights25 | - | - | - | €0.02m | €0 | - | €0.1m | - |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0 | ▼ 100% |
| Current assets29/58 | €0.1m | €0.5m | €0.4m | €0.1m | €0.2m | €0.01m | €0.1m | ▲ 710% |
| Stocks and contracts in progress3 | €0.002m | €0.4m | €0.4m | €0 | - | - | - | - |
| Stocks30/36 | - | - | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €0.09m | €0.04m | €0.03m | €0.1m | €0.1m | €0.007m | €0.09m | ▲ 1,228% |
| Trade receivables40 | - | - | - | €0.1m | €353 | €0.006m | €0.09m | ▲ 1,265% |
| Other amounts receivable41 | - | - | - | €0 | €0.1m | €180 | €71 | ▼ 60.6% |
| Cash at bank and in hand54/58 | €0.03m | €0.01m | €0.002m | €0.01m | €0.01m | €0.005m | €0.006m | ▲ 16.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.009m | €0.001m | €0.01m | ▲ 870% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.7m | €0.9m | €0.8m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 57.7% |
| Equity10/15 | -€0.3m | -€0.3m | -€0.5m | -€0.7m | -€0.6m | -€0.8m | -€0.6m | ▲ 21.3% |
| Contributions10/11 | €0.7m | - | - | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Reserves13 | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | - | €67 | €67 | €67 | €67 | = |
| Distributable reserves133 | - | - | - | €0.007m | €0.007m | €0.007m | €0.009m | ▲ 26.6% |
| Profit (loss) carried forward14 | -€1.0m | -€1.0m | -€1.3m | -€1.4m | -€1.3m | -€1.5m | -€1.4m | ▲ 11.0% |
| Investment grants15 | - | - | - | €0.005m | €0.005m | €0 | - | - |
| Provisions and deferred taxes16 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €1 | €0 | ▼ 100% |
| Deferred taxes168 | - | - | - | €0.003m | €0.003m | €1 | €0 | ▼ 100% |
| Amounts payable17/49 | €1.0m | €1.2m | €1.3m | €1.0m | €0.9m | €1.0m | €0.9m | ▼ 5.2% |
| Amounts payable after more than one year17 | €0.3m | €0.5m | €0.4m | €0.2m | €0.8m | €0.8m | €0.8m | ▲ 4.4% |
| Financial debts170/4 | - | - | - | €0.2m | €0.8m | €0.8m | €0.8m | ▲ 4.4% |
| Amounts payable within one year42/48 | €0.6m | €0.7m | €0.8m | €0.8m | €0.2m | €0.2m | €0.2m | ▼ 33.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.01m | €0 | €0.01m | - |
| Trade debts44 | €0.4m | €0.2m | €0.2m | €0.2m | €0.06m | €0.001m | €0.02m | ▲ 1,124% |
| Suppliers440/4 | - | - | - | €0.2m | €0.06m | €0.001m | €0.02m | ▲ 1,124% |
| Advances received on contracts in progress46 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 33.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.05m | €0.02m | €0.05m | ▲ 154% |
| Taxes450/3 | - | - | - | €0.008m | €0.05m | €0.02m | €0.05m | ▲ 174% |
| Remuneration and social security454/9 | - | - | - | €0.004m | €0.002m | €0.002m | €0.001m | ▼ 61.4% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.05m | €0.2m | €0.09m | ▼ 62.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0 | €0.002m | €388 | ▼ 83.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€83,365 | -€30,376 | -€235,765 | -€141,463 | €81,581 | -€192,816 | €169,332 | - |
| + Depreciation and write-downs630 | €140,772 | €139,547 | €140,047 | €138,265 | €133,742 | €39,248 | €25,209 | ▼ 35.8% |
| Operating cash flow (approximation) | €57,408 | €109,171 | -€95,718 | -€3,198 | €215,322 | -€153,568 | €194,541 | - |
| Investment in fixed assets (approximation) | - | -€17,000 | -€4,318 | -€876 | -€134,713 | -€58,381 | -€53,554 | ▲ 8.3% |
| Change in cash | - | -€14,271 | -€10,620 | €8,688 | €2,975 | -€8,269 | €821 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 21-11-2025 | 2025-00568939 |
| 30-06-2024 | micro format | 28-01-2025 | 2025-00023507 |
| 30-06-2023 | micro format | 29-01-2024 | 2024-00020262 |
| 30-06-2022 | micro format | 27-01-2023 | 2023-00006131 |
| 30-06-2021 | micro format | 31-01-2022 | 2022-04900231 |
| 30-06-2020 | micro format | 25-02-2021 | 2021-06200568 |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03500594 |
| 30-06-2018 | micro format | 28-12-2018 | 2018-75900005 |
| 30-06-2017 | micro format | 12-02-2018 | 2018-04800157 |
| 30-06-2016 | abbreviated format | 28-02-2017 | 2017-05400361 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 23-12-2025 Capital increase · 23,378 new shares · in kind
Group and network
Connections & network
No directors read yet: 3 of 4 Gazette acts processed.
History
Acts, filings and financial milestones
23-12
Gazette deed
Capital & sharesCapital increase · Amendment of the articles · Auditor report3 facts ▸
- Capital increase
- Amendment of the articles
- Auditor report, “Ondernemingsrechtbank te Gent,afdeling Kortrijk, bedrijfsrevisor” (deed in Dutch)
03-09
Gazette deed
MiscellaneousCapital contribution · Auditor report7 facts ▸
- Capital contribution
- Other provision, “uitgifte nieuwe aandelen” (deed in Dutch)
- Auditor report, “buitengewone algemene vergadering, Norm inzake opdracht bedrijfsrevisor in kader inbreng in natura en quasi-inbreng” (deed in Dutch)
- Other provision, “stijging waarde bestaande aandelen, werkelijke vergoeding inbreng in natura” (deed in Dutch)
- Other provision, “bijzondere voordelen inbrengers als vergoeding inbreng, bestuursorgaan” (deed in Dutch)
- Other provision, “no fairness opinion, artikel 5:133 WVV” (deed in Dutch)
- Other provision, “laattijdige overhandiging stukken en informatie, verslag niet 15 dagen vóór vergadering aan vennootschap” (deed in Dutch)
21-05
Gazette deed
Resignation: DevosDennis (manager)Appointment: DevosDennis (niet statutairbestuurder) · Amendment of the articles · Capital conversion4 facts ▸
- Amendment of the articles (2 times)
- Capital conversion, “opheffen, statutaironbeschikbareeigenvermogensrekening” (deed in Dutch)
- Director resignation, DevosDennis (manager)
- Director appointment, DevosDennis (niet statutairbestuurder)
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 3 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34353B0730/00C003 | Flanders | 892 m² | - | - |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Verantwoordelijkheid bestuursorgaan betreffende inbreng in natura” (deed in Dutch)
Read from the deeds: 1 provision, deed of 03-09-2024