Devos Industry
ActiveThe file of Devos Industry contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 1.0% (low). The 2025 annual accounts show negative equity (€-144k) and a net result of €73k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1887 sector peers (fiscal year 2025).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▼-2
Solvency0=
Growth58=
Track record85
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.57 against 0.47 in 2024; short-term debt: 145.6% and cash: 30.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-45.6%
Return on assets
23.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1887 sector peers (2025).
NBB · sector comparisonPosition among 1887 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
25 d late
2024
13 d early
2023
30 d late
2022
339 d late
2021
127 d late
2020
47 d late
2019
361 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-144k▲ 33.7%
2024 · €-218k
2018: €68k
2019: €99k
2020: €151k
2021: €410
2022: €-459k
2023: €-309k
2024: €-218k
2018 → 2025
Total assets
€317k▼ 10.1%
2024 · €352k
2018: €2.42M
2019: €2.45M
2020: €2.66M
2021: €2.64M
2022: €2.22M
2023: €440k
2024: €352k
2018 → 2025
Net result
€73k▼ 19.8%
2024 · €91k
2018: €16k
2019: €31k
2020: €52k
2021: €-151k
2022: €-460k
2023: €151k
2024: €91k
2018 → 2025
Working capital
€-199k▲ 33.8%
2024 · €-301k
2018: €-93k
2019: €-159k
2020: €-25k
2021: €-445k
2022: €-752k
2023: €-399k
2024: €-301k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€410-€-459k€-309k▲ 32.8%€-218k▲ 29.6%€-144k▲ 33.7%
Operating result€-45k-€-299k▼ 568%€241k€95k▼ 60.6%€87k▼ 8.9%
Net result€-151k-€-460k▼ 205%€151k€91k▼ 39.3%€73k▼ 19.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €317k
Fixed assets
€55k▼ 34.1%
Current assets
€262k▼ 2.7%
Key figures and ratios
EBITDA
€122k▼
2024 · €128k
Cash flow
€109k▼
2024 · €125k
Solvency
-45.6%▲
2024 · -61.8%
Current ratio
0.57▲
2024 · 0.47
Quick ratio
0.33▲
2024 · 0.28
Debt / equity
-3.19▼
2024 · -2.62
ROA
23.1%▼
2024 · 25.9%
Interest coverage
9.19▼
2024 · 33.56
Debt
€461k▼
2024 · €570k
Debt ≤ 1 year
€461k▼
2024 · €570k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€352k€317k▼
Fixed assets21/28€84k€55k▼
Tangible fixed assets22/27€84k€53k▼
Plant, machinery and equipment23€65k€40k▼
Furniture and vehicles24€19k€13k▼
Financial fixed assets28-€2k
Current assets29/58€269k€262k▼
Stocks and contracts in progress3€109k€108k▼
Stocks30/36€109k€108k▼
Contracts in progress37€0-
Amounts receivable within one year40/41€101k€53k▼
Trade receivables40€92k€52k▼
Other amounts receivable41€9k€646▼
Cash at bank and in hand54/58€55k€97k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€352k€317k▼
Equity10/15€-218k€-144k▲
Contributions10/11€250k€250k=
Profit (loss) carried forward14€-468k€-394k▲
Amounts payable17/49€570k€461k▼
Amounts payable within one year42/48€570k€461k▼
Current portion of amounts payable after more than one year42€60k€33k▼
Trade debts44€40k€20k▼
Suppliers440/4€40k€20k▼
Advances received on contracts in progress46€0€2k▲
Taxes, remuneration and social security45€29k€22k▼
Taxes450/3€29k€22k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€441k€384k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€562€0▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€36k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€11k€1k▼
Gross operating margin9900€139k€123k▼
Operating profit (loss)9901€95k€87k▼
Financial income75/76B€155€18▼
Recurring financial income75€155€18▼
Financial charges65/66B€4k€13k▲
Recurring financial charges65€4k€13k▲
Profit (loss) for the period before taxes9903€91k€73k▼
Profit (loss) for the period9904€91k€73k▼
Profit (loss) for the period to be appropriated9905€91k€73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-468k€-394k▲
Profit (loss) brought forward from the previous period14P€-559k€-468k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 339 days late
2023
31-12
Financial
Back to profitnet €151k
Net result €151k after 2 loss-making years.
2022
31-12
Financial
Weakest financial yearnet €-460k
Net result drops to €-460k, the lowest in the series; recovery starts the following year.
05-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 127 days late
24-03
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Gent, afdeling Oostende · DEVOS INDUSTRY BV MOERVIJVERWEG 14, 8680 KOEKELARE · event 21-03-2022
18-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · DEVOS INDUSTRY BV MOER- VIJVERWEG 14, 8680 KOEKELARE · event 14-02-2022
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 47 days late
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 361 days late
2020
31-12
Financial
Equity above €150kEq €151k ▲52.3%
3 profitable years in a row build equity to €151k.
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Koekelare · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Moervijverweg 148680 KoekelareGround area
517 m²
Building footprint
114 m²
Volume, LiDAR
406 m³
Parcel 32002B0178/00X002, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Devos Industry
since 20162.250.240.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32002B0178/00X002 | Flanders | 517 m² | 1 · 114 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JAN D’HULSTER HOSPITAALSTRAAT 3,
8400 OOSTENDE |
14-02-2022 → present |
Similar companies · same sector, comparable size
LELEU Christophe
BE 0742.837.579
Brunehaut · Eq €614
idfabric
BE 0704.843.669
Herent · Eq €640
WELDTECH
BE 0804.187.111
Eeklo · Eq €676
ADOMUS
BE 0834.111.314
La Louvière · Eq €731
RvR Technicals
BE 0895.983.060
Ath · Eq €736
Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 48 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-02-2016
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
33120Repair and maintenance of machinery
43990Other specialised construction activities
43999Specialised construction activities
46120Wholesale trade
47120Other non-specialised retail sale
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.