DEVOSO
ActiveDEVOSO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €67k and a net result of €25k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 8091 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▼-2
Solvency29▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.2 in 2023; short-term debt: 8.6% and cash: 1.8% of total assets), and 96.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 9% of 8091 sector peers (2024).
NBB · sector comparisonPosition among 8091 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
113 d early
2022
59 d early
2021
67 d early
2020
81 d early
2019
126 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€67k▲ 60.6%
2023 · €42k
2018: €33k
2019: €46k
2020: €11k
2021: €62k
2022: €37k
2023: €42k
2018 → 2024
Total assets
€1.78M▼ 3.6%
2023 · €1.84M
2018: €423k
2019: €460k
2020: €913k
2021: €1.39M
2022: €1.88M
2023: €1.84M
2018 → 2024
Net result
€25k▲ 466%
2023 · €4k
2018: €-23k
2019: €12k
2020: €-34k
2021: €51k
2022: €-25k
2023: €4k
2018 → 2024
Working capital
€-108k▲ 12.0%
2023 · €-122k
2018: €5k
2019: €8k
2020: €2k
2021: €-84k
2022: €-125k
2023: €-122k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11k-€62k▲ 451%€37k▼ 40.0%€42k▲ 12.0%€67k▲ 60.6%
Operating result€-19k-€71k€4k▼ 94.7%€48k▲ 1,188%€70k▲ 46.6%
Net result€-34k-€51k€-25k€4k€25k▲ 466%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 47% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.78M
Fixed assets
€1.73M▼ 4.5%
Current assets
€45k▲ 53.0%
Equity and liabilities €1.78M
Equity
€67k▲ 60.6%
Debt
€1.71M▼ 5.1%
The debt ratio falls from 97.7% to 96.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158k▼
2023 · €173k
Cash flow
€113k▼
2023 · €129k
Solvency
3.8%▲
2023 · 2.3%
Current ratio
0.30▲
2023 · 0.20
Quick ratio
0.30▲
2023 · 0.20
Debt / equity
25.65▼
2023 · 43.39
ROE
37.7%▲
2023 · 10.7%
ROA
1.4%▲
2023 · 0.2%
Interest coverage
3.54▼
2023 · 3.96
Debt
€1.71M▼
2023 · €1.80M
Debt ≤ 1 year
€153k▲
2023 · €152k
Debt > 1 year
€1.54M▼
2023 · €1.65M
Income taxes
€196▲
2023 · €140
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.84M€1.78M▼
Fixed assets21/28€1.81M€1.73M▼
Tangible fixed assets22/27€1.81M€1.73M▼
Land and buildings22€1.74M€1.66M▼
Plant, machinery and equipment23€70k€69k▼
Furniture and vehicles24€323€0▼
Current assets29/58€30k€45k▲
Amounts receivable within one year40/41€13k€11k▼
Trade receivables40€13k€11k▼
Other amounts receivable41€205€459▲
Cash at bank and in hand54/58€16k€33k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€1.84M€1.78M▼
Equity10/15€42k€67k▲
Contributions10/11€50k€50k=
Reserves13-€17k
Distributable reserves133-€17k
Profit (loss) carried forward14€-9k€0▲
Amounts payable17/49€1.80M€1.71M▼
Amounts payable after more than one year17€1.65M€1.54M▼
Financial debts170/4€1.65M€1.54M▼
Amounts payable within one year42/48€152k€153k▲
Current portion of amounts payable after more than one year42€125k€128k▲
Trade debts44€11k€10k▼
Suppliers440/4€11k€10k▼
Taxes, remuneration and social security45€7k€7k=
Taxes450/3€5k€5k=
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€9k€8k▼
Accrued charges and deferred income492/3€3k€13k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€125k€88k▼
Other operating charges640/8€5k€5k▼
Gross operating margin9900€177k€163k▼
Operating profit (loss)9901€48k€70k▲
Financial income75/76B€316€27▼
Recurring financial income75€316€27▼
Financial charges65/66B€44k€45k▲
Recurring financial charges65€44k€45k▲
Profit (loss) for the period before taxes9903€5k€25k▲
Income taxes67/77€140€196▲
Profit (loss) for the period9904€4k€25k▲
Profit (loss) for the period to be appropriated9905€4k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€17k▲
Profit (loss) brought forward from the previous period14P€-13k€-9k▲
Transfer from equity791/2€0-
Transfer to equity691/2-€17k
To other reserves6921-€17k
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-34k ▼379%
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2015
08-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
18-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ichtegem · 1 establishment unit since 1996
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.
Engelstraat(ICH) 878480 IchtegemGround area
241 m²
Building footprint
364 m²
Volume, LiDAR
1,663 m³
Parcel 35006A0463/00T003, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVOSO
since 19962.078.273.696
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35006A0463/00T003 | Flanders | 241 m² | 1 · 364 m² | 10.8 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.
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 39,461 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-1995
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.