DEVOS CONSTRUCT
ActiveSummary
DEVOS CONSTRUCT has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.5m and a net result of €229,375. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 92% of 2,752 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, abbreviated format
In the rankings
#2 company by equity in Hooglede, Construction sector#3 company by total assets in Hooglede, Construction sector#5 employer in Hooglede, Construction sector
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00489278.
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€3.5m▲ 7.1%
2024 · €3.2m
Total assets
€4.0m▼ 0.5%
2024 · €4.0m
Net result
€229,375▼ 11.6%
2024 · €259,513
Working capital
€1.3m▲ 14.7%
2024 · €1.1m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 4% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.3m
2025
Net result€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.0m
2025
Equity€3.5m
2025
Debt€0.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)5.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency86.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio6.45
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)8.3
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.07m-€0.1m▲ 45.7%€0.3m▲ 144%€0.6m▲ 113%€0.1m▼ 76.9%€0.2m▲ 26.7%€0.3m▲ 83.0%€0.3m▲ 3.6%
Net result€0.06m-€0.1m▲ 58.3%€0.2mabove the sector's middle half▲ 110%€0.5mabove the sector's middle half▲ 131%€0.1mabove the sector's middle half▼ 74.1%€0.1mabove the sector's middle half▼ 0.9%€0.3mabove the sector's middle half▲ 105%€0.2mabove the sector's middle half▼ 11.6%
Equity€0.7m-€0.8m▲ 13.7%€1.1mabove the sector's middle half▲ 25.3%€1.6mabove the sector's middle half▲ 46.5%€1.7mabove the sector's middle half▲ 8.2%€1.6mabove the sector's middle half▼ 4.4%€3.2mabove the sector's middle half▲ 101%€3.5mabove the sector's middle half▲ 7.1%
Total assets€1.6m-€2.4m▲ 53.6%€1.8mwithin the sector's middle half▼ 25.2%€2.6mabove the sector's middle half▲ 45.0%€2.9mabove the sector's middle half▲ 11.2%€2.6mabove the sector's middle half▼ 11.5%€4.0mabove the sector's middle half▲ 54.0%€4.0mabove the sector's middle half▼ 0.5%
Debt€0.8m-€1.6m▲ 90.0%€0.8m▼ 52.1%€1.0m▲ 31.2%€1.2m▲ 17.8%€0.9m▼ 22.0%€0.7m▼ 21.9%€0.5m▼ 33.1%
Working capital€0.6m-€0.6m▲ 0.1%€0.7mabove the sector's middle half▲ 18.2%€0.9mabove the sector's middle half▲ 44.1%€1.1mabove the sector's middle half▲ 15.2%€1.1mabove the sector's middle half▼ 0.9%€1.1mabove the sector's middle half▲ 2.2%€1.3mabove the sector's middle half▲ 14.7%
Solvency47.0%-34.8%▼ 12.2pp58.2%within the sector's middle half▲ 23.4pp58.9%within the sector's middle half▲ 0.6pp57.3%within the sector's middle half▼ 1.6pp61.9%above the sector's middle half▲ 4.6pp80.6%above the sector's middle half▲ 18.7pp86.8%above the sector's middle half▲ 6.2pp
Current ratio1.91-1.38▼ 0.532.02within the sector's middle half▲ 0.643.16above the sector's middle half▲ 1.142.55within the sector's middle half▼ 0.613.00above the sector's middle half▲ 0.443.72above the sector's middle half▲ 0.726.45above the sector's middle half▲ 2.73
Return on assets (ROA)4.1%-4.2%▲ 0.1pp11.7%above the sector's middle half▲ 7.5pp18.7%above the sector's middle half▲ 6.9pp4.4%within the sector's middle half▼ 14.3pp4.9%within the sector's middle half▲ 0.5pp6.5%within the sector's middle half▲ 1.6pp5.8%within the sector's middle half▼ 0.7pp
Staff (FTE)8.4-7.1▼ 15.5%8within the sector's middle half▲ 12.7%7.6within the sector's middle half▼ 5.0%7.8within the sector's middle half▲ 2.6%7.8within the sector's middle half=8.8above the sector's middle half▲ 12.8%8.3above the sector's middle half▼ 5.7%
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: 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.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Why a figure moved sharply
- 2024 Equity +101%, Total assets +54% on 2023. Capital increase of €1,680,000 (Official Gazette 16-05-2024).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€2.5m ▼ 0.4%
Current assets
€1.5m ▼ 0.7%
Equity and liabilities €4.0m
Equity
€3.5m ▲ 7.1%
Provisions
€50,438 ▼ 21.7%
Debt
€476,209 ▼ 33.1%
Debt's share of the balance-sheet total falls from 17.8% to 12.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€664,706▲
2024 · €611,118
Cash flow
€585,167▲
2024 · €572,555
Quick ratio
5.59▲
2024 · 3.17
Debt to equity
0.14▼
2024 · 0.22
ROE
6.6%▼
2024 · 8.0%
Interest coverage
65.20▼
2024 · over 100
Debt ≤ 1 year
€230,908▼
2024 · €403,416
Debt > 1 year
€152,757▼
2024 · €239,213
Income taxes
€99,000▲
2024 · €88,946
Staff costs
€621,522▲
2024 · €606,213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.4m | €0.001m | €0.002m | €0.008m | €0.06m | ▲ 619% |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.5m | €0.6m | €0.6m | €0.6m | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.08m | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.03m | €0.01m | €0.02m | €0.02m | €0.03m | ▲ 48.3% |
| Gross operating margin9900 | €0.8m | €0.8m | €0.9m | €1.2m | €1.0m | €1.0m | €1.2m | €1.3m | ▲ 6.2% |
| Operating profit (loss)9901 | €0.07m | €0.1m | €0.3m | €0.6m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 3.6% |
| Financial income75/76B | - | - | - | €0.04m | €0.05m | €0.02m | €0.04m | €0.02m | ▼ 61.1% |
| Recurring financial income75 | €0.03m | €0.04m | €0.03m | €0.04m | €0.05m | €0.02m | €0.04m | €0.02m | ▼ 61.1% |
| Financial charges65/66B | - | - | - | €0.01m | €0.02m | €0.006m | €0.004m | €0.01m | ▲ 161% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | €0.006m | €0.004m | €0.01m | ▲ 161% |
| Profit (loss) for the period before taxes9903 | €0.09m | €0.1m | €0.3m | €0.6m | €0.2m | €0.2m | €0.3m | €0.3m | ▼ 6.0% |
| Transfer from deferred taxes780 | - | - | - | €0.008m | €0.008m | €0.007m | €0.01m | €0.01m | = |
| Transfer to deferred taxes680 | - | - | - | €0.1m | €0 | - | - | - | - |
| Income taxes67/77 | €0.02m | €0.03m | €0.07m | €0 | €0.04m | €0.06m | €0.09m | €0.1m | ▲ 11.3% |
| Profit (loss) for the period9904 | €0.06m | €0.1m | €0.2m | €0.5m | €0.1m | €0.1m | €0.3m | €0.2m | ▼ 11.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.06m | €0.03m | €0.02m | €0.04m | €0.04m | = |
| Transfer to tax-exempt reserves689 | - | - | - | €0.3m | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.07m | €0.1m | €0.2m | €0.3m | €0.2m | €0.1m | €0.3m | €0.3m | ▼ 10.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €2.4m | €1.8m | €2.6m | €2.9m | €2.6m | €4.0m | €4.0m | ▼ 0.5% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.4m | €0.4m | €0.5m | €1.3m | €1.2m | €1.0m | €2.5m | €2.5m | ▼ 0.4% |
| Intangible fixed assets21 | €0 | €0.001m | €0.001m | €480 | €240 | €0 | - | - | - |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.5m | €1.3m | €1.2m | €1.0m | €2.5m | €2.5m | ▼ 0.4% |
| Land and buildings22 | - | - | - | - | €0.003m | €0.003m | €1.6m | €1.6m | ▼ 2.8% |
| Plant, machinery and equipment23 | - | - | - | €1.1m | €0.9m | €0.7m | €0.5m | €0.4m | ▼ 14.4% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.4m | ▲ 60.3% |
| Leasing and similar rights25 | - | - | - | - | €0.2m | €0.1m | €0.09m | €0.05m | ▼ 37.3% |
| Other tangible fixed assets26 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 19.5% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €1.2m | €2.0m | €1.3m | €1.4m | €1.8m | €1.6m | €1.5m | €1.5m | ▼ 0.7% |
| Stocks and contracts in progress3 | €0.07m | €0.08m | €0.07m | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 10.5% |
| Stocks30/36 | - | - | - | €0.07m | €0.07m | €0.07m | €0.05m | €0.04m | ▼ 17.9% |
| Contracts in progress37 | - | - | - | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 8.6% |
| Amounts receivable within one year40/41 | €0.5m | €0.8m | €0.4m | €0.6m | €0.6m | €0.4m | €0.4m | €0.2m | ▼ 39.0% |
| Trade receivables40 | - | - | - | €0.5m | €0.6m | €0.3m | €0.2m | €0.2m | ▼ 30.1% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.06m | €0.1m | €0.1m | €0.07m | ▼ 52.7% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.4m | €1.0m | €0.8m | €0.5m | €1.0m | €0.9m | €0.9m | €1.1m | ▲ 17.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | ▼ 12.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €2.4m | €1.8m | €2.6m | €2.9m | €2.6m | €4.0m | €4.0m | ▼ 0.5% |
| Equity10/15 | €0.7m | €0.8m | €1.1m | €1.6m | €1.7m | €1.6m | €3.2m | €3.5m | ▲ 7.1% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €1.9m | €1.9m | = |
| Reserves13 | €0.5m | €0.6m | €0.9m | €1.4m | €1.5m | €1.4m | €1.3m | €1.6m | ▲ 17.1% |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | - | €0.5m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 11.6% |
| Distributable reserves133 | - | - | - | €0.8m | €1.0m | €0.9m | €0.9m | €1.3m | ▲ 36.8% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.007m | €0.005m | €0.003m | €0.09m | €0.08m | €0.08m | €0.06m | €0.05m | ▼ 21.7% |
| Deferred taxes168 | - | - | - | €0.09m | €0.08m | €0.08m | €0.06m | €0.05m | ▼ 21.7% |
| Amounts payable17/49 | €0.8m | €1.6m | €0.8m | €1.0m | €1.2m | €0.9m | €0.7m | €0.5m | ▼ 33.1% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.09m | €0.5m | €0.4m | €0.3m | €0.2m | €0.2m | ▼ 36.1% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.3m | €0.2m | €0.2m | ▼ 36.1% |
| Amounts payable within one year42/48 | €0.6m | €1.4m | €0.6m | €0.4m | €0.7m | €0.5m | €0.4m | €0.2m | ▼ 42.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.2m | €0.1m | €0.09m | €0.09m | ▲ 0.7% |
| Trade debts44 | €0.3m | €0.2m | €0.2m | €0.3m | €0.2m | €0.4m | €0.3m | €0.1m | ▼ 59.6% |
| Suppliers440/4 | - | - | - | €0.3m | €0.2m | €0.4m | €0.3m | €0.1m | ▼ 59.6% |
| Advances received on contracts in progress46 | - | - | - | €0 | €0.3m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.01m | €0.04m | €0.02m | €0.02m | ▲ 13.2% |
| Taxes450/3 | - | - | - | €0.002m | €0.001m | €0.004m | €347 | €0.002m | ▲ 445% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.01m | €0.04m | €0.02m | €0.02m | ▲ 3.3% |
| Other amounts payable47/48 | - | - | - | €0.006m | €0.007m | €0.008m | €0.008m | €0.008m | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.03m | €0.05m | €0.07m | €0.09m | ▲ 33.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.06m | €0.1m | €0.2m | €0.5m | €0.1m | €0.1m | €0.3m | €0.2m | ▼ 11.6% |
| + Depreciation and write-downs630 | €0.2m | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 13.7% |
| Operating cash flow (approximation) | €0.3m | €0.4m | €0.4m | €0.8m | €0.5m | €0.4m | €0.6m | €0.6m | ▲ 2.2% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€0.3m | -€1.0m | -€0.2m | -€0.1m | -€1.8m | -€0.3m | ▲ 81.0% |
| Change in cash | - | €0.6m | -€0.2m | -€0.3m | €0.4m | -€0.05m | -€0.03m | €0.2m | - |
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 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00489278 |
| 31-12-2024 | abbreviated format | 30-08-2025 | 2025-00476706 |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00416917 |
| 31-12-2022 | abbreviated format | 28-08-2023 | 2023-00372199 |
| 31-12-2021 | abbreviated format | 24-08-2022 | 2022-20341575 |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-59200542 |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-48700022 |
| 31-12-2018 | abbreviated format | 28-06-2019 | 2019-24700361 |
| 31-12-2017 | abbreviated format | 26-07-2018 | 2018-38700034 |
| 31-12-2016 | abbreviated format | 17-05-2017 | 2017-12300417 |
Similar companies · same sector, comparable size
BOUWWERKEN GEBROEDERS JANSSEN
BE 0415.241.855
Oudsbergen · equity €3,362,754
ALGEMENE ONDERNEMINGEN HERMANS en Co
BE 0445.954.134
Lanaken · equity €3,355,500
BOLCKMANS
BE 0447.785.256
Hoogstraten · equity €3,591,519
ALMOBE INDUSTRIEBOUW
BE 0427.133.758
Antwerpen · equity €3,616,743
LES ENTREPRISES GENERALES J. SIMON ET FILS
BE 0417.494.037
Genappe · equity €3,281,965
Of the 2,410 active companies whose main activity is general construction of other non-residential buildings (NACE 41003), figures are known for 1,069. 345 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €6,096 awarded · €6,312 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €3,948 | €3,948 |
| 2024 | 1 | €963 | €963 |
| 2023 | 1 | €714 | €930 |
| 2022 | 1 | €471 | €471 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.