DEVOS VERMEULEN
ActiveDEVOS VERMEULEN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €-23k. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
22
/ 100
Critical▼ -16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency28▲+8
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.48 against 1.06 in 2024), and 91.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€23k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7921 sector peers (2025).
NBB · sector comparisonPosition among 7921 sector peers
Solvency
better than 16%
← weakest
strongest →
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
108 d early
2023
54 d early
2022
53 d early
2021
47 d early
2020
100 d early
2019
11 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€79k▼ 22.8%
2024 · €103k
2018: €73k
2019: €170k
2020: €204k
2021: €258k
2022: €179k
2023: €113k
2024: €103k
2018 → 2025
Total assets
€896k▲ 2.6%
2024 · €874k
2018: €766k
2019: €992k
2020: €969k
2021: €1.10M
2022: €1.06M
2023: €1.03M
2024: €874k
2018 → 2025
Net result
€-23k▼ 123%
2024 · €-10k
2018: €99k
2019: €98k
2020: €33k
2021: €54k
2022: €-79k
2023: €-65k
2024: €-10k
2018 → 2025
Working capital
€279k▲ 553%
2024 · €43k
2018: €181k
2019: €137k
2020: €154k
2021: €147k
2022: €136k
2023: €171k
2024: €43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€258k-€179k▼ 30.7%€113k▼ 36.6%€103k▼ 9.3%€79k▼ 22.8%
Operating result€74k-€-59k€-26k▲ 55.5%€30k€27k▼ 9.5%
Net result€54k-€-79k€-65k▲ 17.2%€-10k▲ 84.0%€-23k▼ 123%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €896k
Fixed assets
€34k▼ 44.8%
Current assets
€862k▲ 6.2%
Equity and liabilities €896k
Equity
€79k▼ 22.8%
Debt
€817k▲ 5.9%
The debt ratio rises from 88.2% to 91.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€59k▼
2024 · €68k
Cash flow
€8k▼
2024 · €27k
Solvency
8.9%▼
2024 · 11.8%
Current ratio
1.48▲
2024 · 1.06
Quick ratio
0.63▲
2024 · 0.41
Debt / equity
10.29▲
2024 · 7.50
ROE
-29.5%▼
2024 · -10.2%
ROA
-2.6%▼
2024 · -1.2%
Interest coverage
1.16▼
2024 · 1.65
Debt
€817k▲
2024 · €771k
Debt ≤ 1 year
€583k▼
2024 · €769k
Debt > 1 year
€234k▲
2024 · €2k
Income taxes
€244▼
2024 · €489
Staff costs
€121k▼
2024 · €158k
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€874k€896k▲
Fixed assets21/28€62k€34k▼
Intangible fixed assets21€27k€10k▼
Tangible fixed assets22/27€35k€24k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€30k€21k▼
Other tangible fixed assets26€3k€1k▼
Current assets29/58€812k€862k▲
Amounts receivable after more than one year29€249k€316k▲
Other amounts receivable291€249k€316k▲
Stocks and contracts in progress3€498k€497k▼
Stocks30/36€498k€497k▼
Amounts receivable within one year40/41€51k€25k▼
Trade receivables40€51k€24k▼
Other amounts receivable41-€363
Cash at bank and in hand54/58€9k€21k▲
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€874k€896k▲
Equity10/15€103k€79k▼
Contributions10/11€243k€243k=
Capital10€243k€243k=
Issued capital100€243k€243k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€323€323=
Profit (loss) carried forward14€-147k€-171k▼
Amounts payable17/49€771k€817k▲
Amounts payable after more than one year17€2k€234k▲
Financial debts170/4€2k€234k▲
Amounts payable within one year42/48€769k€583k▼
Current portion of amounts payable after more than one year42€33k€69k▲
Financial debts43€525k€402k▼
Credit institutions430/8€525k€402k▼
Trade debts44€127k€63k▼
Suppliers440/4€127k€63k▼
Taxes, remuneration and social security45€83k€49k▼
Taxes450/3€53k€35k▼
Remuneration and social security454/9€31k€14k▼
Other amounts payable47/48€0-
Income statement
Code20242025
Remuneration, social security and pensions62€158k€121k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€32k▼
Other operating charges640/8€12k€10k▼
Gross operating margin9900€238k€190k▼
Operating profit (loss)9901€30k€27k▼
Financial income75/76B€805€458▼
Recurring financial income75€805€458▼
Financial charges65/66B€41k€51k▲
Recurring financial charges65€41k€51k▲
Profit (loss) for the period before taxes9903€-10k€-23k▼
Income taxes67/77€489€244▼
Profit (loss) for the period9904€-10k€-23k▼
Profit (loss) for the period to be appropriated9905€-10k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-147k€-171k▼
Profit (loss) brought forward from the previous period14P€-137k€-147k▼
Social balance
Average headcount (FTE)90873.02.0▼
The notes to these accounts (19 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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-79k ▼247%
Net result drops to €-79k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €204k ▲19.6%
3 profitable years in a row build equity to €204k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €170k ▲135%
2 profitable years in a row build equity to €170k.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2016
28-09
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
10 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, Ingelmunster · 1 establishment unit since 1992
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.
Bruggestraat 2528770 IngelmunsterGround area
1,531 m²
Building footprint
1,172 m²
Volume, LiDAR
7,326 m³
Parcel 36007B0069/00D000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVOS-VERMEULEN NV
since 19922.058.850.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007B0069/00D000 | Flanders | 1,531 m² | 1 · 1,172 m² | 7.6 m · 2 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
2023 to 2025 · 2 entries · 2,491 EUR awarded · 2,528 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 81 EUR | 81 EUR |
| 2023 | 1 | 2,410 EUR | 2,447 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 792 companies in sector 46450 we hold annual accounts for 448. 324 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-08-1992
Fiscal year end31-12
Activities, NACEBEL
46450Wholesale of perfume and cosmetics
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:wim@devosparfumerie.be