DEVOS MIKE
ActiveDEVOS MIKE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €143k and a net result of €4k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-17
Solvency47▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.58 in 2024; short-term debt: 22.8% and cash: 1.6% of total assets), but 77.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7760 sector peers (2025).
NBB · sector comparisonPosition among 7760 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 16-09-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
57 d early
2023
35 d early
2022
19 d early
2021
9 d early
2020
43 d early
2019
43 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close22-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€143k▲ 2.7%
2024 · €139k
2019: €40k
2020: €70k
2021: €92k
2022: €110k
2023: €126k
2024: €139k
2019 → 2025
Total assets
€641k▼ 15.7%
2024 · €760k
2019: €551k
2020: €597k
2021: €636k
2022: €675k
2023: €751k
2024: €760k
2019 → 2025
Net result
€4k▼ 71.3%
2024 · €13k
2019: €-37k
2020: €30k
2021: €22k
2022: €18k
2023: €16k
2024: €13k
2019 → 2025
Working capital
€152k▼ 2.8%
2024 · €156k
2019: €-2k
2020: €25k
2021: €103k
2022: €141k
2023: €145k
2024: €156k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€92k-€110k▲ 19.7%€126k▲ 14.3%€139k▲ 10.5%€143k▲ 2.7%
Operating result€33k-€34k▲ 0.4%€35k▲ 3.6%€27k▼ 21.4%€16k▼ 42.0%
Net result€22k-€18k▼ 17.3%€16k▼ 13.2%€13k▼ 15.7%€4k▼ 71.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 42% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €641k
Fixed assets
€343k▲ 3.0%
Current assets
€298k▼ 30.2%
Equity and liabilities €641k
Equity
€143k▲ 2.7%
Debt
€498k▼ 19.8%
The debt ratio falls from 81.7% to 77.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▼
2024 · €80k
Cash flow
€29k▼
2024 · €66k
Solvency
22.3%▲
2024 · 18.3%
Current ratio
2.04▲
2024 · 1.58
Quick ratio
1.62▲
2024 · 1.07
Debt / equity
3.49▼
2024 · 4.47
ROE
2.7%▼
2024 · 9.5%
ROA
0.6%▼
2024 · 1.7%
Interest coverage
4.20▼
2024 · 9.15
Debt
€498k▼
2024 · €621k
Debt ≤ 1 year
€146k▼
2024 · €271k
Debt > 1 year
€352k▲
2024 · €350k
Income taxes
€2k▼
2024 · €7k
Staff costs
€229k▲
2024 · €219k
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€760k€641k▼
Fixed assets21/28€333k€343k▲
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€331k€341k▲
Land and buildings22€265k€255k▼
Plant, machinery and equipment23€467€281▼
Furniture and vehicles24€47k€70k▲
Other tangible fixed assets26€18k€16k▼
Current assets29/58€427k€298k▼
Stocks and contracts in progress3€136k€60k▼
Stocks30/36€136k€60k▼
Amounts receivable within one year40/41€267k€219k▼
Trade receivables40€194k€190k▼
Other amounts receivable41€74k€29k▼
Cash at bank and in hand54/58€17k€10k▼
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€760k€641k▼
Equity10/15€139k€143k▲
Contributions10/11€19k€19k=
Reserves13€120k€124k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€118k€122k▲
Amounts payable17/49€621k€498k▼
Amounts payable after more than one year17€350k€352k▲
Financial debts170/4€287k€281k▼
Other amounts payable178/9€63k€70k▲
Amounts payable within one year42/48€271k€146k▼
Current portion of amounts payable after more than one year42€37k€41k▲
Trade debts44€203k€87k▼
Suppliers440/4€203k€87k▼
Taxes, remuneration and social security45€31k€18k▼
Taxes450/3€994€786▼
Remuneration and social security454/9€30k€17k▼
Accrued charges and deferred income492/3€253€273▲
Income statement
Code20242025
Non-recurring operating income76A€2k€2k▲
Remuneration, social security and pensions62€219k€229k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€25k▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€304k€276k▼
Operating profit (loss)9901€27k€16k▼
Financial income75/76B€1k€22▼
Recurring financial income75€1k€22▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€20k€6k▼
Income taxes67/77€7k€2k▼
Profit (loss) for the period9904€13k€4k▼
Profit (loss) for the period to be appropriated9905€13k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€4k▼
Transfer to equity691/2€13k€4k▼
To other reserves6921€13k€4k▼
Social balance
Average headcount (FTE)90873.53.5=
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
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €100kEq €110k ▲19.7%
3 profitable years in a row build equity to €110k.
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
16-09
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.
Directors · office · real estate
Directors
1 act for this company is 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, Roeselare · 1 establishment unit since 2007
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.
Oekensestraat 1158800 RoeselareGround area
324 m²
Building footprint
101 m²
Volume, LiDAR
535 m³
Parcel 36017A0821/00C002, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DEVOS MIKE
since 20072.163.431.976
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A0821/00C002 | Flanders | 324 m² | 1 · 101 m² | 10.3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,140 EUR awarded · 1,140 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,140 EUR | 1,140 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryDEVOS MIKE BV44080
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,328. 8,650 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-05-2007
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.