Equity
Equity fell by 48% in 3 years.
Equity fell by 48% in 3 years.
The result rose in 2025: different schema filed.
The accounts state no turnover.
Nine of the last ten came late. The 2019 accounts came latest: 122 days after the end of the period.
New directors. Latest change 18-06-2026 · 3 in office.
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 31% of them on solvency, 44% on liquidity, 95% on profitability and 41% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,613 companies had the same profile as DEVOS TRADING & SERVICES has now. Each dot stands for 7 companies, two years later.
That fits the bankruptcy probability of DEVOS TRADING & SERVICES itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,613 companies, not a prediction for DEVOS TRADING & SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.25 (1.26 in 2024), below the usual 1.5. Short-term debt is 80.2% and cash 31.6% of total assets. 80.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 42 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DEVOS TRADING & SERVICES Halen | €1.6m | €456,116 | 19.8% | 0 |
| LAMOUREUX & Cie Uccle | €3.8m | €569,992 | 45.4% | 0 |
| THE DEPOT Zonhoven | €1.7m | €402,785 | 13.2% | 1.3 |
| DELPAC INTERNATIONAL Edegem | €0.7m | €265,260 | 70.9% | 0.4 |
| NEWCO EUROPE Beersel | €1.7m | €254,847 | 76.3% | 1 |
| POOL SYSTEMS Zoersel | €1.4m | €219,207 | 90.3% | 1 |
| NOUMICO INTERNATIONAL Ingelmunster | €1.1m | €104,266 | 89.8% | 0.1 |
These companies have the same main activity as DEVOS TRADING & SERVICES: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €742,000 and €3.8m, founded between 1998 and 2006.
DEVOS TRADING & SERVICES has existed since 2002. In 2021 the gross margin rose from €136,130 to €363,309.
DEVOS-IMMO holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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