DEVOSKO
ActiveSummary
DEVOSKO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €440,589 and a net result of €36,435. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 93% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-15
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 10.48 against 15.88 in 2024; short-term debt: 9.2% and cash: 2.2% of total assets), and 12.1% of the assets are financed with debt.
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Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
87.9%
Return on assets
7.3%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
1 d early
2023
57 d early
2022
44 d early
2021
1 d early
2020
3 d late
2019
27 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 21 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€440,589▲ 9.0%
2024 · €404,154
Total assets
€501,417▲ 11.0%
2024 · €451,847
Net result
€36,435▼ 33.3%
2024 · €54,616
Working capital
€435,312▲ 7.4%
2024 · €405,246
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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€95,033▼ 26.6%€107,273▲ 12.9%€109,173▲ 1.8%€116,841▲ 7.0%€62,308▼ 46.7%
Net result€67,309above the sector's middle half▼ 30.3%€45,817above the sector's middle half▼ 31.9%€57,706above the sector's middle half▲ 25.9%€54,616above the sector's middle half▼ 5.4%€36,435above the sector's middle half▼ 33.3%
Equity€358,709above the sector's middle half▲ 23.1%€357,852above the sector's middle half▼ 0.2%€349,538above the sector's middle half▼ 2.3%€404,154above the sector's middle half▲ 15.6%€440,589above the sector's middle half▲ 9.0%
Total assets€440,302above the sector's middle half▲ 19.4%€410,825above the sector's middle half▼ 6.7%€378,886above the sector's middle half▼ 7.8%€451,847above the sector's middle half▲ 19.3%€501,417above the sector's middle half▲ 11.0%
Debt€81,593▲ 5.4%€52,973▼ 35.1%€29,348▼ 44.6%€47,694▲ 62.5%€60,829▲ 27.5%
Working capital€342,751above the sector's middle half▲ 24.8%€343,717above the sector's middle half▲ 0.3%€335,873above the sector's middle half▼ 2.3%€405,246above the sector's middle half▲ 20.7%€435,312above the sector's middle half▲ 7.4%
Solvency81.5%above the sector's middle half▲ 2.5pp87.1%above the sector's middle half▲ 5.6pp92.3%above the sector's middle half▲ 5.1pp89.4%above the sector's middle half▼ 2.8pp87.9%above the sector's middle half▼ 1.6pp
Current ratio7.39above the sector's middle half▼ 0.079.29above the sector's middle half▲ 1.9012.64above the sector's middle half▲ 3.3515.88above the sector's middle half▲ 3.2410.48above the sector's middle half▼ 5.40
Return on assets (ROA)15.3%within the sector's middle half▼ 10.9pp11.2%within the sector's middle half▼ 4.1pp15.2%within the sector's middle half▲ 4.1pp12.1%within the sector's middle half▼ 3.1pp7.3%within the sector's middle half▼ 4.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €501,417
Fixed assets
€20,193 ▲ 4.3%
Current assets
€481,224 ▲ 11.3%
Equity and liabilities €501,417
Equity
€440,589 ▲ 9.0%
Debt
€60,829 ▲ 27.5%
Debt's share of the balance-sheet total rises from 10.6% to 12.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,616▼
2024 · €128,557
Cash flow
€42,744▼
2024 · €66,332
Debt to equity
0.14▲
2024 · 0.12
ROE
8.3%▼
2024 · 13.5%
Interest coverage
2.08▼
2024 · 3.17
Debt ≤ 1 year
€45,913▲
2024 · €27,237
Debt > 1 year
€14,491▼
2024 · €20,072
Income taxes
€15,031▼
2024 · €21,691
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,810 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 | €14,751 | €13,949 | €14,615 | €11,716 | €6,309 | ▼ 46.2% |
| Other operating charges640/8 | €592 | €674 | €723 | €1,192 | €2,065 | ▲ 73.2% |
| Non-recurring operating charges66A | €712 | €2,275 | - | €2,451 | €180 | ▼ 92.7% |
| Gross operating margin9900 | €111,087 | €124,170 | €124,511 | €132,200 | €70,862 | ▼ 46.4% |
| Operating profit (loss)9901 | €95,033 | €107,273 | €109,173 | €116,841 | €62,308 | ▼ 46.7% |
| Financial income75/76B | €0 | €0 | €5 | €6 | €22,088 | ▲ 386,725% |
| Recurring financial income75 | €0 | €0 | €5 | €6 | €22,088 | ▲ 386,725% |
| Financial charges65/66B | €2,079 | €43,634 | €29,124 | €40,540 | €32,929 | ▼ 18.8% |
| Recurring financial charges65 | €2,079 | €43,634 | €29,124 | €40,540 | €32,929 | ▼ 18.8% |
| Profit (loss) for the period before taxes9903 | €92,954 | €63,639 | €80,054 | €76,306 | €51,466 | ▼ 32.6% |
| Income taxes67/77 | €25,645 | €17,822 | €22,349 | €21,691 | €15,031 | ▼ 30.7% |
| Profit (loss) for the period9904 | €67,309 | €45,817 | €57,706 | €54,616 | €36,435 | ▼ 33.3% |
| Profit (loss) for the period to be appropriated9905 | €67,309 | €45,817 | €57,706 | €54,616 | €36,435 | ▼ 33.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €440,302 | €410,825 | €378,886 | €451,847 | €501,417 | ▲ 11.0% |
| Fixed assets21/28 | €43,936 | €25,646 | €14,149 | €19,365 | €20,193 | ▲ 4.3% |
| Tangible fixed assets22/27 | €43,936 | €25,646 | €14,149 | €19,365 | €20,193 | ▲ 4.3% |
| Plant, machinery and equipment23 | €5,207 | €3,779 | €2,351 | €922 | €385 | ▼ 58.3% |
| Furniture and vehicles24 | €38,729 | €21,867 | €11,798 | €18,442 | €19,808 | ▲ 7.4% |
| Current assets29/58 | €396,366 | €385,179 | €364,737 | €432,483 | €481,224 | ▲ 11.3% |
| Amounts receivable within one year40/41 | €395,666 | €375,941 | €360,415 | €406,443 | €467,867 | ▲ 15.1% |
| Trade receivables40 | €42,279 | €43,858 | €42,216 | €41,107 | €24,278 | ▼ 40.9% |
| Other amounts receivable41 | €353,387 | €332,084 | €318,199 | €365,336 | €443,589 | ▲ 21.4% |
| Cash at bank and in hand54/58 | €100 | €8,619 | €3,678 | €24,499 | €10,986 | ▼ 55.2% |
| Deferred charges and accrued income490/1 | €600 | €618 | €644 | €1,541 | €2,372 | ▲ 54.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €440,302 | €410,825 | €378,886 | €451,847 | €501,417 | ▲ 11.0% |
| Equity10/15 | €358,709 | €357,852 | €349,538 | €404,154 | €440,589 | ▲ 9.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €352,509 | €351,652 | €343,338 | €397,954 | €434,389 | ▲ 9.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €350,649 | €349,792 | €341,478 | €396,094 | €432,529 | ▲ 9.2% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €81,593 | €52,973 | €29,348 | €47,694 | €60,829 | ▲ 27.5% |
| Amounts payable after more than one year17 | €27,634 | €11,167 | - | €20,072 | €14,491 | ▼ 27.8% |
| Financial debts170/4 | €27,634 | €11,167 | - | €20,072 | €14,491 | ▼ 27.8% |
| Amounts payable within one year42/48 | €53,615 | €41,462 | €28,864 | €27,237 | €45,913 | ▲ 68.6% |
| Current portion of amounts payable after more than one year42 | €15,596 | €16,180 | €11,167 | €7,476 | €9,401 | ▲ 25.7% |
| Financial debts43 | €11,731 | €11,731 | - | - | €12,027 | - |
| Credit institutions430/8 | €11,731 | €11,731 | - | - | €12,027 | - |
| Trade debts44 | €9,089 | €2,618 | €2,755 | €4,511 | €15,181 | ▲ 237% |
| Suppliers440/4 | €9,089 | €2,618 | €2,755 | €4,511 | €15,181 | ▲ 237% |
| Advances received on contracts in progress46 | €1,200 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €15,987 | €10,921 | €14,930 | €15,238 | €9,304 | ▼ 38.9% |
| Taxes450/3 | €15,987 | €10,921 | €14,930 | €15,238 | €9,304 | ▼ 38.9% |
| Other amounts payable47/48 | €12 | €12 | €12 | €12 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €344 | €345 | €484 | €385 | €425 | ▲ 10.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,309 | €45,817 | €57,706 | €54,616 | €36,435 | ▼ 33.3% |
| + Depreciation and write-downs630 | €14,751 | €13,949 | €14,615 | €11,716 | €6,309 | ▼ 46.2% |
| Operating cash flow (approximation) | €82,060 | €59,766 | €72,321 | €66,332 | €42,744 | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | €4,341 | -€3,117 | -€16,932 | -€7,137 | ▲ 57.8% |
| Change in cash | - | €8,519 | -€4,941 | €20,821 | -€13,513 | ▼ 165% |
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
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €36,435 ▼33.3%
Net result drops to €36,435, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
30-09
Financial
Highest result since 2018net €96,580 ▲34.3%
Operating result €129,530, net result €96,580, both a record.
30-09
Financial
Equity above €200,000Eq €291,400 ▲49.6%
3 profitable years in a row build equity to €291,400.
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Liquidity triplescurrent ratio 6.35
Current ratio from 2.20 to 6.35; short-term debt falls from €82,071 to €33,374.
30-09
Financial
Equity above €150,000Eq €194,820 ▲58.5%
2 profitable years in a row build equity to €194,820.
Show earlier events
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-03
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.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Kortrijk · 1 establishment unit since 2011
Ground area
214 m²
Building footprint
75 m²
Volume, LiDAR
638 m³
Parcel 34353B0217/00X000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DEVOSKO
since 20112.204.091.804
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0217/00X000 | Flanders | 214 m² | 1 · 75 m² | 11.3 m · 3 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
254900PN926H0R5UF233
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 9,732 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 (pre-2019)
Founded13-10-2011
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840588241
Also
9925:BE0840588241
Registered
16-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.