DEVOS MEDICAL
ActiveSummary
DEVOS MEDICAL has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €207,472 and a net result of €154,526. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 22% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+2
Solvency45▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.8 in 2024; short-term debt: 18.2% and cash: 4.9% of total assets), but 79.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.2%
Return on assets
15%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 3241 sector peers (2025).
NBB · sector comparisonPosition among 3241 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
43 d early
2024
3 d early
2023
51 d early
2022
4 d early
2021
46 d early
2020
44 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 19 December (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€154,526▲ 3.3%
2024 · €149,543
Working capital
€94,883▼ 40.5%
2024 · €159,526
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€217,232▲ 96.0%€359,114▲ 65.3%€110,327▼ 69.3%€266,929▲ 142%€226,158▼ 15.3%
Net result€170,329within the sector's middle half€251,112above the sector's middle half▲ 47.4%€63,794within the sector's middle half▼ 74.6%€149,543within the sector's middle half▲ 134%€154,526within the sector's middle half▲ 3.3%
Equity€198,220within the sector's middle half▲ 314%€438,532within the sector's middle half▲ 121%€253,752within the sector's middle half▼ 42.1%€207,472within the sector's middle half▼ 18.2%€207,472within the sector's middle half=
Total assets€1.1mwithin the sector's middle half▲ 7.4%€1.4mwithin the sector's middle half▲ 25.9%€1.2mwithin the sector's middle half▼ 17.3%€1.1mwithin the sector's middle half▼ 5.3%€1.0mwithin the sector's middle half▼ 6.0%
Debt€911,977▼ 7.5%€959,716▲ 5.2%€902,636▼ 5.9%€887,350▼ 1.7%€821,700▼ 7.4%
Working capital€352,882within the sector's middle half▲ 80.4%€439,895within the sector's middle half▲ 24.7%€252,862within the sector's middle half▼ 42.5%€159,526within the sector's middle half▼ 36.9%€94,883within the sector's middle half▼ 40.5%
Solvency17.9%below the sector's middle half▲ 13.2pp31.4%within the sector's middle half▲ 13.5pp21.9%below the sector's middle half▼ 9.4pp19.0%below the sector's middle half▼ 3.0pp20.2%below the sector's middle half▲ 1.2pp
Current ratio4.40above the sector's middle half▲ 1.683.41above the sector's middle half▼ 1.002.23within the sector's middle half▼ 1.181.80within the sector's middle half▼ 0.431.51within the sector's middle half▼ 0.29
Return on assets (ROA)15.3%above the sector's middle half▲ 19.4pp18.0%above the sector's middle half▲ 2.6pp5.5%within the sector's middle half▼ 12.4pp13.7%above the sector's middle half▲ 8.1pp15.0%above the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2023 Net result -75% on 2022. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€746,647 ▲ 1.5%
Current assets
€282,525 ▼ 21.4%
Equity and liabilities €1.0m
Equity
€207,472 =
Debt
€821,700 ▼ 7.4%
Debt's share of the balance-sheet total falls from 81.0% to 79.8%. Debt is lower.
Key figures and ratios
EBITDA
€289,552▼
2024 · €324,927
Cash flow
€217,920▲
2024 · €207,541
Debt to equity
3.96▼
2024 · 4.28
ROE
74.5%▲
2024 · 72.1%
Interest coverage
8.15▲
2024 · 6.80
Debt ≤ 1 year
€187,642▼
2024 · €199,868
Debt > 1 year
€625,659▼
2024 · €687,482
Income taxes
€45,566▼
2024 · €83,816
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,609 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 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% | 1.9% |
| 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% 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 2,609 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71,795 | €57,947 | €44,085 | €57,997 | €63,394 | ▲ 9.3% |
| Other operating charges640/8 | - | €6,133 | €8,679 | €6,708 | €6,312 | ▼ 5.9% |
| Non-recurring operating charges66A | - | €7,528 | - | - | - | - |
| Gross operating margin9900 | €293,559 | €430,722 | €163,092 | €331,635 | €295,864 | ▼ 10.8% |
| Operating profit (loss)9901 | €217,232 | €359,114 | €110,327 | €266,929 | €226,158 | ▼ 15.3% |
| Financial income75/76B | - | €11,280 | €15,432 | €14,232 | €9,470 | ▼ 33.5% |
| Recurring financial income75 | €8,133 | €11,280 | €15,432 | €14,232 | €9,470 | ▼ 33.5% |
| Financial charges65/66B | - | €17,109 | €40,874 | €47,802 | €35,536 | ▼ 25.7% |
| Recurring financial charges65 | €17,055 | €17,109 | €40,874 | €47,802 | €35,536 | ▼ 25.7% |
| Profit (loss) for the period before taxes9903 | €208,310 | €353,285 | €84,886 | €233,359 | €200,092 | ▼ 14.3% |
| Income taxes67/77 | €37,981 | €102,173 | €21,091 | €83,816 | €45,566 | ▼ 45.6% |
| Profit (loss) for the period9904 | €170,329 | €251,112 | €63,794 | €149,543 | €154,526 | ▲ 3.3% |
| Transfer from tax-exempt reserves789 | - | €27,900 | - | €46,280 | - | - |
| Transfer to tax-exempt reserves689 | - | €79,990 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €170,329 | €199,022 | €63,794 | €195,823 | €154,526 | ▼ 21.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.4m | €1.2m | €1.1m | €1.0m | ▼ 6.0% |
| Fixed assets21/28 | €653,537 | €775,454 | €697,888 | €735,429 | €746,647 | ▲ 1.5% |
| Tangible fixed assets22/27 | €651,437 | €773,354 | €695,788 | €733,329 | €744,547 | ▲ 1.5% |
| Land and buildings22 | - | €683,452 | €664,314 | €631,977 | €669,931 | ▲ 6.0% |
| Plant, machinery and equipment23 | - | €2,771 | €2,071 | €1,371 | €671 | ▼ 51.0% |
| Furniture and vehicles24 | - | €86,556 | €28,828 | €99,406 | €73,369 | ▼ 26.2% |
| Other tangible fixed assets26 | - | €575 | €575 | €575 | €575 | = |
| Financial fixed assets28 | €2,100 | €2,100 | €2,100 | €2,100 | €2,100 | = |
| Current assets29/58 | €456,660 | €622,794 | €458,500 | €359,393 | €282,525 | ▼ 21.4% |
| Amounts receivable within one year40/41 | €309,384 | €487,437 | €387,064 | €264,379 | €228,999 | ▼ 13.4% |
| Trade receivables40 | - | €2,000 | €1,968 | €2,228 | €4,637 | ▲ 108% |
| Other amounts receivable41 | - | €485,437 | €385,096 | €262,151 | €224,362 | ▼ 14.4% |
| Current investments50/53 | - | - | - | €30,000 | - | - |
| Cash at bank and in hand54/58 | €86,371 | €36,283 | €28,799 | €60,323 | €50,846 | ▼ 15.7% |
| Deferred charges and accrued income490/1 | - | €99,074 | €42,636 | €4,691 | €2,680 | ▼ 42.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.4m | €1.2m | €1.1m | €1.0m | ▼ 6.0% |
| Equity10/15 | €198,220 | €438,532 | €253,752 | €207,472 | €207,472 | = |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €76,040 | €310,152 | €235,152 | €188,872 | €188,872 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €126,270 | €126,270 | €79,990 | €79,990 | = |
| Distributable reserves133 | - | €182,022 | €107,022 | €107,022 | €107,022 | = |
| Profit (loss) carried forward14 | €109,780 | €109,780 | - | - | - | - |
| Amounts payable17/49 | €911,977 | €959,716 | €902,636 | €887,350 | €821,700 | ▼ 7.4% |
| Amounts payable after more than one year17 | €808,199 | €776,817 | €696,998 | €687,482 | €625,659 | ▼ 9.0% |
| Financial debts170/4 | - | €776,817 | €696,998 | €687,482 | €625,659 | ▼ 9.0% |
| Amounts payable within one year42/48 | €103,778 | €182,899 | €205,638 | €199,868 | €187,642 | ▼ 6.1% |
| Current portion of amounts payable after more than one year42 | - | €78,533 | €80,329 | €99,435 | €90,856 | ▼ 8.6% |
| Financial debts43 | - | €20,000 | €34,000 | €26,727 | €6,378 | ▼ 76.1% |
| Credit institutions430/8 | - | €20,000 | €34,000 | €26,727 | €6,378 | ▼ 76.1% |
| Trade debts44 | €3,101 | €2,164 | €6,980 | €2,436 | €41,945 | ▲ 1,622% |
| Suppliers440/4 | - | €2,164 | €6,980 | €2,436 | €41,945 | ▲ 1,622% |
| Taxes, remuneration and social security45 | - | €63,202 | €84,329 | €71,269 | €48,462 | ▼ 32.0% |
| Taxes450/3 | - | €63,202 | €84,329 | €71,269 | €48,462 | ▼ 32.0% |
| Other amounts payable47/48 | - | €19,000 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €8,399 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €170,329 | €251,112 | €63,794 | €149,543 | €154,526 | ▲ 3.3% |
| + Depreciation and write-downs630 | €71,795 | €57,947 | €44,085 | €57,997 | €63,394 | ▲ 9.3% |
| Operating cash flow (approximation) | €242,124 | €309,059 | €107,880 | €207,541 | €217,920 | ▲ 5.0% |
| Investment in fixed assets (approximation) | - | -€179,864 | €33,481 | -€95,538 | -€74,612 | ▲ 21.9% |
| Change in cash | - | -€50,088 | -€7,484 | €31,524 | -€9,477 | ▼ 130% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
14-11
State Gazette act
Board meeting · Director appointment
Permanent representative · Director resignation
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Highest result since 2019net €251,112 ▲47.4%
Operating result €359,114, net result €251,112, both a record.
30-06
Financial
Equity above €200,000Eq €438,532 ▲121%
2 profitable years in a row build equity to €438,532.
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Back to profitnet €170,329
Net result €170,329 after one loss-making year.
30-06
Financial
Equity above €150,000Eq €198,220 ▲314%
Equity rises from €47,891 to €198,220.
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
30-06
Financial
Weakest financial yearnet -€41,954
Net result drops to -€41,954, the lowest in the series; recovery starts the following year.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2016
Ground area
92 m²
Building footprint
36 m²
Parcel 25385C0212/00D000, Wallonia. Linked by address, not a title deed.
32
companies at this address
See who is registered here
1 establishment unit
Rue de la Malaise 16, 1340 Ottignies-Louvain-la-Neuve
since 20162.254.598.417
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25385C0212/00D000 | Wallonia | 92 m² | 1 · 36 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ACADEMIE DE CHENEE
Shared director
→
Unie van socialprofitondernemingen
Shared director
→
UNIPSO
Shared director
→
Recognitions · licences · registrations
Legal Entity Identifier
254900G3PYLV5AIU8L35
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 39,757 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-02-2016
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
72109Other research and development on natural sciences
82300Organisation of conventions and trade shows
82990Other business support services
85599Other education
86220Specialist medical practice
Contact
E-mail
info@phildevos.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647973559
Also
9925:BE0647973559
Registered
09-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.