DEVOS RUBEN FINECRAFTED WOODWORK
ActiveThe computed 12-month bankruptcy probability of DEVOS RUBEN FINECRAFTED WOODWORK is 2.0% (moderate). The 2025 annual accounts show equity of €184k and a net result of €18k. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 27711 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
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
Profitability62▼-6
Solvency53▲+4
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.89 in 2024; short-term debt: 21.8% and cash: 12.3% of total assets), and 72.2% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
27.8%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-07-2026, 27 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
27 d early
2024
17 d early
2023
33 d early
2022
31 d late
2021
10 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€184k▲ 11.0%
2024 · €165k
2021: €45k
2022: €93k
2023: €132k
2024: €165k
2021 → 2025
Total assets
€662k▼ 4.6%
2024 · €693k
2021: €409k
2022: €364k
2023: €578k
2024: €693k
2021 → 2025
Net result
€18k▼ 45.4%
2024 · €33k
2021: €35k
2022: €48k
2023: €39k
2024: €33k
2021 → 2025
Working capital
€6k
2024 · €-18k
2021: €-66k
2022: €-15k
2023: €27k
2024: €-18k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€93k▲ 107%€132k▲ 42.0%€165k▲ 25.3%€184k▲ 11.0%
Operating result€36k-€55k▲ 51.2%€51k▼ 6.8%€58k▲ 14.9%€41k▼ 29.7%
Net result€35k-€48k▲ 38.2%€39k▼ 19.0%€33k▼ 14.3%€18k▼ 45.4%
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 falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €662k
Fixed assets
€511k▼ 6.5%
Current assets
€151k▲ 2.4%
Equity and liabilities €662k
Equity
€184k▲ 11.0%
Debt
€478k▼ 9.5%
The debt ratio falls from 76.1% to 72.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89k▼
2024 · €98k
Cash flow
€66k▼
2024 · €72k
Solvency
27.8%▲
2024 · 23.9%
Current ratio
1.04▲
2024 · 0.89
Quick ratio
0.75▲
2024 · 0.61
Debt / equity
2.60▼
2024 · 3.19
ROE
9.9%▼
2024 · 20.2%
ROA
2.8%▼
2024 · 4.8%
Interest coverage
4.73▼
2024 · 5.14
Debt
€478k▼
2024 · €528k
Debt ≤ 1 year
€144k▼
2024 · €165k
Debt > 1 year
€332k▼
2024 · €361k
Income taxes
€5k▼
2024 · €6k
Staff costs
€681▲
2024 · €546
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€693k€662k▼
Fixed assets21/28€546k€511k▼
Tangible fixed assets22/27€544k€509k▼
Land and buildings22€429k€410k▼
Plant, machinery and equipment23€94k€84k▼
Furniture and vehicles24€10k€6k▼
Other tangible fixed assets26€11k€9k▼
Financial fixed assets28€2k€2k▼
Current assets29/58€147k€151k▲
Stocks and contracts in progress3€46k€42k▼
Stocks30/36€29k€38k▲
Contracts in progress37€17k€4k▼
Amounts receivable within one year40/41€36k€27k▼
Trade receivables40€22k€15k▼
Other amounts receivable41€14k€11k▼
Cash at bank and in hand54/58€65k€82k▲
Deferred charges and accrued income490/1€301€240▼
Equity and liabilities
Total equity and liabilities10/49€693k€662k▼
Equity10/15€165k€184k▲
Contributions10/11€10k€10k=
Reserves13€155k€174k▲
Distributable reserves133€155k€174k▲
Amounts payable17/49€528k€478k▼
Amounts payable after more than one year17€361k€332k▼
Financial debts170/4€361k€332k▼
Amounts payable within one year42/48€165k€144k▼
Current portion of amounts payable after more than one year42€28k€29k▲
Trade debts44€29k-
Suppliers440/4€29k-
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€5k€7k▲
Other amounts payable47/48€103k€108k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Remuneration, social security and pensions62€546€681▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€48k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€99k€91k▼
Operating profit (loss)9901€58k€41k▼
Financial income75/76B€127€468▲
Recurring financial income75€127€468▲
Financial charges65/66B€19k€19k▼
Recurring financial charges65€19k€19k▼
Profit (loss) for the period before taxes9903€40k€23k▼
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€33k€18k▼
Profit (loss) for the period to be appropriated9905€33k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€18k▼
Transfer to equity691/2€33k€18k▼
To other reserves6921€33k€18k▼
The notes to these accounts (10 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
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €18k ▼45.4%
Net result drops to €18k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €165k ▲25.3%
4 profitable years in a row build equity to €165k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €132k ▲42%
3 profitable years in a row build equity to €132k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €48k ▲38.2%
Net result €48k, the highest in the series.
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Alveringem · 1 establishment unit since 2021
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.
Weegschede 398691 AlveringemGround area
850 m²
Parcel 38010B0030/00B003, Flanders. Linked by address, not a title deed.
1 establishment unit
DEVOS RUBEN FINECRAFTED WOODWORK
since 20212.317.411.855
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38010B0030/00B003 | Flanders | 850 m² | - | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
9845005EO3EKEE59FD54
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RS-DESIGN
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,496 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2021
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43120Site preparation
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.
Contact details
2 entriesE-mail:devos.ruben@hotmail.com
Phone:0475 29 63 09