DEVOS
ActiveSummary
DEVOS has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €460,191 and a net result of €195,824, of which €260,051 non-recurring income. Equity has been stable since 2018 (±1% per year). Its solvency ranks better than 86% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-08-2009 Normal situation
- Activity
- Joinery installation NACE 43320
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
- Establishment unit
- 2.181.854.949 8793 Waregem, since 17-08-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €404,445
- ▲ 102%
- Turnover
- ≈ €1.1m
- estimated
- Profit
- €195,824
- ▲ 647%
- Equity
- €460,191
- ▲ 42.4%
- Total assets
- €572,067
- ▲ 21.9%
- Staff
- 1.7 FTE
- ▼ 15.0%
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 4.76, cash €472,253Equity €460,191 (80.4% of total assets)Founded in 2009Show 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 43, micro). It does better than 90% of them on solvency, 91% on liquidity, 92% on profitability and 80% on growth.
The bankruptcy probability was computed on 03-11-2026 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 7 accounts on average 3 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 16 filings
Every figure per financial year
The operating result for 2025 is 8.8 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 | - |
| full-time | 2 | 2 | 2 | 2 | - |
| part-time | 0 | 0 | 0 | 0 | - |
| in full-time equivalents | 2 | 2 | 2 | 2 | - |
| Average over the year, in full-time equivalents | 2 | 2.7 | 2 | 2 | 1.7 |
| On a permanent contract | 2 | 2 | 2 | 2 | - |
| Joined | - | 1 | - | - | 0 |
| Left | - | 1 | - | - | 2 |
| Training hours | - | 20 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,040 | €1,047 | €20,401 | €99,902 | €37,842 |
| Financial fixed assets | €2 | €2 | €2 | €12 | €0 |
| Depreciation and write-downs of the year | €42,866 | €39,002 | €34,671 | €44,333 | €2,114 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | €4,487 | €260,051 | ▲ 58× |
| Remuneration, social security and pensions62 | - | - | - | €113,708 | €154,198 | €122,928 | €121,704 | €110,168 | ▼ 9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,032 | €29,576 | €46,174 | €42,866 | €39,002 | €34,671 | €44,333 | €2,114 | ▼ 95.2% |
| Other operating charges640/8 | - | - | - | €1,864 | €6,754 | €2,789 | €2,158 | €1,293 | ▼ 40.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €11,060 | - |
| Gross operating margin9900 | €204,766 | €227,562 | €242,489 | €202,614 | €255,652 | €252,686 | €199,852 | €404,445 | ▲ 102% |
| Operating profit (loss)9901 | €74,380 | €86,761 | €87,230 | €44,177 | €55,698 | €92,297 | €31,657 | €279,809 | ▲ 784% |
| Financial income75/76B | - | - | - | €1,048 | €15 | €774 | €9,311 | €6,957 | ▼ 25.3% |
| Recurring financial income75 | €619 | €352 | €139 | €1,048 | €15 | €774 | €9,311 | €6,957 | ▼ 25.3% |
| Financial charges65/66B | - | - | - | €5,096 | €2,047 | €2,490 | €3,551 | €2,728 | ▼ 23.2% |
| Recurring financial charges65 | €4,718 | €5,545 | €6,869 | €5,096 | €2,047 | €2,490 | €3,551 | €2,728 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €70,281 | €81,568 | €80,499 | €40,128 | €53,666 | €90,580 | €37,417 | €284,039 | ▲ 659% |
| Income taxes67/77 | €19,100 | €20,139 | €21,749 | €12,147 | €17,302 | €26,891 | €11,219 | €88,215 | ▲ 686% |
| Profit (loss) for the period9904 | €51,180 | €61,429 | €58,750 | €27,981 | €36,364 | €63,689 | €26,198 | €195,824 | ▲ 647% |
| Profit (loss) for the period to be appropriated9905 | €51,180 | €61,429 | €58,750 | €27,981 | €36,364 | €63,689 | €26,198 | €195,824 | ▲ 647% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €420,947 | €582,484 | €609,206 | €471,577 | €531,059 | €493,118 | €469,354 | €572,067 | ▲ 21.9% |
| Fixed assets21/28 | €79,760 | €185,114 | €159,332 | €120,509 | €82,556 | €68,288 | €121,357 | €40,053 | ▼ 67.0% |
| Tangible fixed assets22/27 | €77,329 | €182,682 | €156,897 | €118,072 | €80,117 | €65,846 | €118,903 | €37,588 | ▼ 68.4% |
| Land and buildings22 | - | - | - | €25,159 | €22,577 | €19,995 | €17,413 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €65,586 | €44,075 | €24,619 | €4,689 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €27,327 | €13,464 | €21,233 | €96,801 | €37,588 | ▼ 61.2% |
| Financial fixed assets28 | €2,430 | €2,433 | €2,435 | €2,437 | €2,440 | €2,442 | €2,454 | €2,465 | ▲ 0.5% |
| Current assets29/58 | €341,188 | €397,370 | €449,874 | €351,068 | €448,503 | €424,830 | €347,998 | €532,014 | ▲ 52.9% |
| Stocks and contracts in progress3 | €9,625 | €14,602 | €10,077 | €19,073 | €50,617 | €36,434 | €38,045 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €18,023 | €47,567 | €33,679 | €30,516 | €0 | ▼ 100% |
| Contracts in progress37 | - | - | - | €1,050 | €3,050 | €2,755 | €7,529 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €31,292 | €63,986 | €16,481 | €36,105 | €48,553 | €29,382 | €61,982 | €58,496 | ▼ 5.6% |
| Trade receivables40 | - | - | - | €28,928 | €36,249 | €22,007 | €48,972 | €47,990 | ▼ 2.0% |
| Other amounts receivable41 | - | - | - | €7,178 | €12,304 | €7,375 | €13,010 | €10,506 | ▼ 19.2% |
| Current investments50/53 | - | - | - | - | - | €225,000 | €175,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €278,051 | €316,581 | €412,080 | €287,940 | €341,037 | €131,234 | €69,868 | €472,253 | ▲ 576% |
| Deferred charges and accrued income490/1 | - | - | - | €7,950 | €8,298 | €2,780 | €3,102 | €1,265 | ▼ 59.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €420,947 | €582,484 | €609,206 | €471,577 | €531,059 | €493,118 | €469,354 | €572,067 | ▲ 21.9% |
| Equity10/15 | €329,201 | €389,006 | €346,059 | €339,583 | €342,615 | €356,724 | €323,117 | €460,191 | ▲ 42.4% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €309,201 | €369,006 | €326,059 | €319,583 | €322,615 | €336,724 | €303,117 | €440,191 | ▲ 45.2% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €317,583 | €322,615 | €336,724 | €303,117 | €440,191 | ▲ 45.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €91,747 | €193,479 | €263,147 | €131,995 | €188,445 | €136,394 | €146,237 | €111,876 | ▼ 23.5% |
| Amounts payable after more than one year17 | €3,142 | €60,341 | €45,513 | €30,515 | €15,345 | €0 | €25,077 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €30,515 | €15,345 | €0 | €25,077 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €88,604 | €133,138 | €217,634 | €101,480 | €171,336 | €136,394 | €121,160 | €111,876 | ▼ 7.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,998 | €15,170 | €15,345 | €11,009 | €0 | ▼ 100% |
| Trade debts44 | €25,376 | €48,756 | €26,545 | €31,510 | €48,541 | €10,877 | €15,902 | €44,508 | ▲ 180% |
| Suppliers440/4 | - | - | - | €31,510 | €48,541 | €10,877 | €15,902 | €44,508 | ▲ 180% |
| Advances received on contracts in progress46 | - | - | - | - | €44,165 | €52,370 | €30,900 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €4,990 | €12,556 | €8,222 | €3,543 | €2,830 | ▼ 20.1% |
| Taxes450/3 | - | - | - | €4,990 | €12,556 | €8,222 | €3,543 | €2,830 | ▼ 20.1% |
| Other amounts payable47/48 | - | - | - | €49,981 | €50,904 | €49,580 | €59,805 | €64,538 | ▲ 7.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,764 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,180 | €61,429 | €58,750 | €27,981 | €36,364 | €63,689 | €26,198 | €195,824 | ▲ 647% |
| + Depreciation and write-downs630 | €26,032 | €29,576 | €46,174 | €42,866 | €39,002 | €34,671 | €44,333 | €2,114 | ▼ 95.2% |
| Operating cash flow (approximation) | €77,212 | €91,005 | €104,924 | €70,847 | €75,366 | €98,361 | €70,531 | €197,939 | ▲ 181% |
| Investment in fixed assets (approximation) | - | -€134,930 | -€20,392 | -€4,042 | -€1,049 | -€20,404 | -€97,401 | €79,189 | - |
| Change in cash | - | €38,530 | €95,499 | -€124,140 | €53,097 | -€209,803 | -€61,366 | €402,385 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as DEVOS has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of DEVOS 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 34,693 companies, not a prediction for DEVOS. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00189605 | |
| 31-12-2024 | micro format | 20-06-2025 | 2025-00166698 | |
| 31-12-2023 | abbreviated format | 22-08-2024 | 2024-00365386 | |
| 31-12-2022 | abbreviated format | 21-08-2023 | 2023-00342805 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20309267 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-25500284 | |
| 31-12-2019 | micro format | 24-08-2020 | 2020-43600301 | |
| 31-12-2018 | micro format | 24-06-2019 | 2019-21900332 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-24500042 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-37400172 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 09-01-2023 Converted to unavailable equity · €22,000
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CREMELIE Sylvie Paula |
|
| DEVOS Kurt |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “100, gelijk recht in de winstverdeling per aandeel”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Om welke reden en op welk ogenblik ook, recht algemene vergadering één of meerdere vereffenaars aan te duiden,bevoegdheden te omlijnen en…”
Articles of association, deed of 09-01-2023 (in Dutch)
Network & group
DEVOS shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of DEVOS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-01
Gazette deed
1 director appointed, 1 director resigning, 1 reappointedResignation: DEVOS Kurt (director) · Reappointment: DEVOS Kurt (director) · Appointment: CREMELIE Sylvie Paula (director)13 points ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles, mentioned 4 times in the deed
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “overeenkomstig vormen en meerderheden statutenwijziging, opheffing” (deed in Dutch)
- Other provision, “uitkeringen netto-actieftest en liquiditeitstest, hoofdelijke aansprakelijkheid bestuurders art.5:144 WVV” (deed in Dutch)
- Director resignation, DEVOS Kurt (director)
- Director reappointment, DEVOS Kurt (director (not named in the articles))
- Director appointment, CREMELIE Sylvie Paula (director (not named in the articles))
- Registered office clause, “Vlaams Gewest, 8570 Anzegem,Roterijstraat 3” (deed in Dutch)
- Power of attorney, Wim TAELMAN
- Power of attorney
- 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
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0817.906.176
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34002F0476/00R000 | Flanders | 716 m² | 1 · 139 m² | 9.3 m · 2 |
| 34035B0213/00Y003 | Flanders | 636 m² | 1 · 636 m² | 7.7 m · 2 |