Checked.be
Active
BE 0471.385.257Private limited company
DEVOS CONSTRUCT
Stoomtuigstraat 26 ·8830 Hooglede, Belgium· 26 yrs active
Sector: General construction of other non-residential buildings
(41003)
Conclusion
DEVOS CONSTRUCT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.45M and a net result of €229k. Equity is growing by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 2079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €3.45M |
| Net result | €229k |
| Staff (FTE) | 8.3 |
| Better than sector | 92% |
Financial profile
74
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
33
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2000, 26 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€300k
estimate, not credit advice
Score history
93
2021
86
2022
83
2023
94
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 6.45 (≥ 1.5)
+10
Quick ratio
Quick ratio 5.59 (≥ 1.0)
+5
Leverage
Debt/equity 0.14 (< 1.0)
+10
Profitability
ROE 7%
+3
Interest coverage
Interest coverage 65.2× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~24.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 86.8% | 37.5% | |
| Net result | €229k | €21k | |
| Equity | €3.45M | €220k | |
| Gross operating margin | €1.31M | €151k | |
| Staff costs | €622k | €192k |
€665k
+8.8%
21-25
€229k
-11.6%
21-25
€585k
+2.2%
21-25
€3.98M
-0.5%
21-25
€3.45M
+7.1%
21-25
€1.26M
+14.7%
21-25
8
-5.7%
21-25
€622k
+2.5%
21-25
€99k
+11.3%
21-25
€0
-100.0%
21-25
€476k
-33.1%
21-25
€231k
-42.8%
21-25
€153k
-36.1%
21-25
6.45
+73.4%
21-25
5.59
+76.4%
21-25
86.8%
+7.7%
21-25
0.14
-37.6%
21-25
6.6%
-17.5%
21-25
5.8%
-11.2%
21-25
65.20
-58.3%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €665k | €611k | €429k | €479k | €837k |
| Net profit | €229k | €260k | €127k | €128k | €493k |
| Cash flow | €585k | €573k | €393k | €478k | €773k |
| Staff costs | €622k | €606k | €564k | €481k | €445k |
| Income taxes | €99k | €89k | €59k | €36k | €0 |
| Dividends | €0 | €323k | €200k | - | - |
| Total assets | €3.98M | €4.00M | €2.60M | €2.93M | €2.64M |
| Equity | €3.45M | €3.22M | €1.61M | €1.68M | €1.55M |
| Debt | €476k | €712k | €912k | €1.17M | €992k |
| of which ≤ 1y | €231k | €403k | €536k | €696k | €435k |
| of which > 1y | €153k | €239k | €325k | €444k | €529k |
| Working capital | €1.26M | €1.10M | €1.07M | €1.08M | €940k |
| Employees (FTE) | 8.3 | 8.8 | 7.8 | 7.8 | 7.6 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 6.45 | 3.72 | 3.00 | 2.55 | 3.16 |
| Quick ratio | 5.59 | 3.17 | 2.44 | 2.29 | 2.59 |
| Working capital ratio | 31.6% | 27.4% | 41.3% | 36.9% | 35.6% |
| Solvency | 86.8% | 80.6% | 61.9% | 57.3% | 58.9% |
| Debt / equity | 0.14 | 0.22 | 0.57 | 0.70 | 0.64 |
| Long-term debt ratio | 0.04 | 0.07 | 0.20 | 0.26 | 0.34 |
| Interest coverage | 65.20 | 156.32 | 72.73 | 22.53 | 74.08 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 5.8% | 6.5% | 4.9% | 4.4% | 18.7% |
| ROE | 6.6% | 8.0% | 7.9% | 7.6% | 31.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.98M | €4.00M | €2.60M | €2.93M | €2.64M |
| Fixed assets | 21/28 | €2.49M | €2.50M | €988k | €1.15M | €1.26M |
| Intangible fixed assets | 21 | - | - | €0 | €240 | €480 |
| Tangible fixed assets | 22/27 | €2.49M | €2.50M | €988k | €1.15M | €1.26M |
| Financial fixed assets | 28 | €635 | €635 | €635 | €635 | €635 |
| Current assets | 29/58 | €1.49M | €1.50M | €1.61M | €1.78M | €1.37M |
| Stocks & contracts in progress | 3 | €198k | €222k | €303k | €182k | €250k |
| Amounts receivable within one year | 40/41 | €222k | €364k | €365k | €611k | €581k |
| Cash & bank | 54/58 | €1.05M | €895k | €927k | €972k | €533k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.98M | €4.00M | €2.60M | €2.93M | €2.64M |
| Equity | 10/15 | €3.45M | €3.22M | €1.61M | €1.68M | €1.55M |
| Contributions / capital | 10/11 | €1.88M | €1.88M | €203k | €203k | €203k |
| Reserves | 13 | €1.57M | €1.34M | €1.40M | €1.48M | €1.35M |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | - | - |
| Provisions & deferred taxes | 16 | €50k | €64k | €78k | €85k | €93k |
| Amounts payable | 17/49 | €476k | €712k | €912k | €1.17M | €992k |
| Amounts payable after one year | 17 | €153k | €239k | €325k | €444k | €529k |
| Amounts payable within one year | 42/48 | €231k | €403k | €536k | €696k | €435k |
| Trade debts payable within one year | 44 | €119k | €294k | €371k | €161k | €263k |
| Income statement | ||||||
| Gross operating margin | 9900 | €1.31M | €1.23M | €1.01M | €973k | €1.24M |
| Operating result | 9901 | €309k | €298k | €163k | €129k | €556k |
| Financial income | 75 | €16k | €40k | €23k | €48k | €38k |
| Financial charges | 65 | €10k | €4k | €6k | €21k | €11k |
| Result before taxes | 9903 | €314k | €334k | €180k | €155k | €583k |
| Income taxes | 67/77 | €99k | €89k | €59k | €36k | €0 |
| Net result for the period | 9904 | €229k | €260k | €127k | €128k | €493k |
| Result to be appropriated | 9905 | €271k | €302k | €146k | €154k | €256k |
Legal Structure
| NACE primary | General construction of other non-residential buildings(41003) |
| Legal form | Private limited company(610) |
| Incorporation | 13-03-2000 |
| Status | Active |
| Postal code | 8830 |
Establishment units
DEVOS CONSTRUCT
since 20002.097.254.915
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005B0521/00L000 | Flanders | 6,080 m² | 1 · 2,340 m² | 9.1 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Equity above €2MEq €3.22M ▲101%
4 profitable years in a row build equity to €3.22M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €127k ▼0.9%
Net result drops to €127k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of metal structures and parts of structures2511028110General construction of other non-residential buildings41003Site preparation43120Joinery installation43320Other specialised construction activities43990Specialised construction activities439994511245213452504542271320Rental and leasing activities77320
Names & trade names
| Legal nameNL | DEVOS CONSTRUCT |
Similar companies
VANHOUT BILZEN
BE 0415.061.515 · Bilzen-Hoeselt
ALGEMENE ONDERNEMINGEN HERMANS en Co
BE 0445.954.134 · Lanaken
ALMOBE INDUSTRIEBOUW
BE 0427.133.758 · Antwerpen
BOLCKMANS
BE 0447.785.256 · Hoogstraten
LES ENTREPRISES GENERALES J. SIMON ET FILS
BE 0417.494.037 · Genappe