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Complete company report
Generated 04-09-2026
Active BE 0441.144.716Public limited company

DEVOTA

Kunstlaan 24 ·1000 Brussel, Belgium· 36 yrs active
Conclusion Checked

DEVOTA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €-2k. Equity is shrinking by ~13.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €18k
Net result €-2k
Active 36 yrs
Locations 1
Financial profile 5 of 5 axes measured · computed by Checked
Health48Profitability0Solvency63Growth58Stability100
54 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 48
Profitability 0
Solvency 63
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.4% Low
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1990, 36 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score FY 2025 · computed
48 / 100 Fair
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€1k
estimate, not credit advice
Score history
38 2023
22 2024
48 2025
purely financial, excl. current insolvency signals
Score components
Liquidity Current ratio 0.00 (< 1.0) -10
Quick ratio Quick ratio 0.00 (< 0.6) -5
Leverage Debt/equity 0.83 (< 1.0) +10
Profitability Negatieve ROE -9% -10
Interest coverage Interest coverage 5.2× (≥ 3×) +8
Profit trend Net profit up YoY +5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview35 NBB filings
Annual accounts filed on 15-12-2025 with the NBB · fiscal year 2025 · micro schema
€-4k€-3k€-2k€-1k€0Revenue 2023: €0€0Operating result 2023: €-3k€-3kNet result 2023: €-3k€-3kOperating result 2024: €-4k€-4kNet result 2024: €-4k€-4kRevenue 2025: €0€0Operating result 2025: €-2k€-2kNet result 2025: €-2k€-2k202320242025
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~13.9%/year over 3 fiscal years, indicative, assuming unchanged policy.
€5k€10k€15k€20k€25k2026: €15k (€14k - €16k)2027: €12k (€11k - €14k)2028: €10k (€8k - €11k)2023: €23k2024: €19k2025: €18k202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue
€0
- 23-25
EBITDA
€235
- 23-25
Net profit
€-2k
+58.1% 23-25
Cash flow
€190
- 23-25
Total assets
€32k
-5.8% 23-25
Equity
€18k
-8.2% 23-25
Working capital
€-13k
+2.0% 23-25
Debt
€15k
-2.6% 23-25
Debt ≤ 1y
€13k
-3.5% 23-25
Current ratio
0.00
-97.4% 23-25
Quick ratio
0.00
-97.4% 23-25
Solvency
54.6%
-2.6% 23-25
Debt / equity
0.83
+6.1% 23-25
ROE
-9.0%
+54.3% 23-25
ROA
-4.9%
+55.5% 23-25
Interest coverage
5.22
- 23-25
Figures by fiscal year and ratios
Fiscal year202520242023
Depositmicro schemamicro schemamicro schema
Revenue€0-€0
EBITDA€235€-437€71
Net profit€-2k€-4k€-3k
Cash flow€190€-486€26
Staff costs---
Income taxes---
Dividends---
Total assets€32k€34k€37k
Equity€18k€19k€23k
Debt€15k€15k€14k
of which ≤ 1y€13k€13k€12k
of which > 1y---
Working capital€-13k€-13k€-12k
Employees (FTE)---
Ratios (computed)
202520242023
Current ratio0.000.020.00
Quick ratio0.000.020.00
Working capital ratio-39.9%-38.4%-32.9%
Solvency54.6%56.0%61.5%
Debt / equity0.830.780.63
Long-term debt ratio---
Interest coverage5.22-8.971.58
Gross margin---
Net margin---
ROA-4.9%-11.0%-8.7%
ROE-9.0%-19.7%-14.2%
EBITDA margin---
Days sales outstanding---
Days payable outstanding---
Inventory turnover---
Days inventory (DSI)---
Balance-sheet composition 2025
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code202520242023
Balance sheet, Assets
TOTAL ASSETS 20/58€32k€34k€37k
Fixed assets 21/28€32k€34k€37k
Tangible fixed assets 22/27€32k€34k€37k
Current assets 29/58€5€213€13
Cash & bank 54/58€5€19€13
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€32k€34k€37k
Equity 10/15€18k€19k€23k
Contributions / capital 10/11€74k€74k€74k
Accumulated profits (losses) 14€-57k€-55k€-51k
Amounts payable 17/49€15k€15k€14k
Amounts payable within one year 42/48€13k€13k€12k
Trade debts payable within one year 44€1k€1k€2k
Income statement
Turnover 70€0-€0
Gross operating margin 9900€2k€864€1k
Operating result 9901€-2k€-4k€-3k
Financial charges 65€45€49€45
Result before taxes 9903€-2k€-4k€-3k
Net result for the period 9904€-2k€-4k€-3k
Result to be appropriated 9905€-2k€-4k€-3k
Directors & mandates 1 directors
Former directors (1)
  • NOTARPIETRO Roxane
    Director
    State Gazette act 24112760 (25-07-2024)
    Former
    - → 18-01-2024
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation19-06-1990
StatusActive
Postal code1000
Establishment units 1 location
DEVOTA
Kunstlaan 24, 1000 BrusselNACE 70201
since 19932.051.786.857
Real-estate footprint Source: CBE × cadastre
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21805E0159/00G000 Brussels 1,116 m² - -
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.
Updates 13 events
Next filing, fiscal year 2026, expected by 31-01-2027
2025
15-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
27-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
25-07
State Gazette act Director changes
01-07
State Gazette act Director changes
30-06
Financial Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
24-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
30-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
16-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
29-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
31-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
23-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
16-01
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2004
10-03
State Gazette act Minor change
Mandate renewal
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage 0 of 7 acts read

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 3 acts
All acts · 3 updated 2 years ago
2024
25-07-2024 NOTARPIETRO Roxane resigns as director Director changes
  • NOTARPIETRO Roxane, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "administrateur",
      "person": {
        "rrn": null,
        "name": "NOTARPIETRO Roxane",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-01-18",
      "evidence_quote": "L\u0027Assembl\u00E9e accepte la d\u00E9m\u00EDssion en tant qu\u0027administrateur de Madame NOTARPIETRO Roxane et ce \u00E0 partir du 18 janvier 2024.",
      "decharge_status": "pending_next_agm",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-07-25",
    "filing_date": "2024-01-19",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2024-01-19",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0441.144.716",
    "name_full": "DEVOT\u0410",
    "legal_form": "Soci\u00E9t\u00E9 anonyme"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Anny Devroey",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
01-07-2024 3 reappointed Director changes
  • Anny DEVROEY, Commissaris
  • NOTARPIETRO Roxane, Commissaris
  • Umberto NOTARPIETRO, Commissaris
Technical details 
{
  "events": [
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Anny DEVROEY",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2026"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "NOTARPIETRO Roxane",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2026"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Umberto NOTARPIETRO",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": null,
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2026"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": null,
      "person": {
        "rrn": null,
        "name": "Anny DEVROEY",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": null,
      "person": {
        "rrn": null,
        "name": "NOTARPIETRO Roxane",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": null,
      "person": {
        "rrn": null,
        "name": "Umberto NOTARPIETRO",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2024-07-01",
    "filing_date": "2024-06-21",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2022-12-28",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0441.144.716",
    "name_full": "DEVOT\u0410",
    "legal_form": "SA",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Anny DEVROEY",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2004
10-03-2004 Publication in the Belgian Official Gazette, Minor change Minor change
Summary: Mandate renewal
Technical details 
{
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2004-03-10",
    "filing_date": "2002-12-02",
    "act_kind_objet": "RENOUVELLEMENT MANDATS"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2002-12-02",
    "unanimous": true
  },
  "agm_change": null,
  "detected_kind": "mandate_renewal",
  "other_address": null,
  "mandate_renewal": {
    "period_end": null,
    "mandate_kind": "adm\u0131nistrateurs",
    "period_start": null,
    "remuneration_eur": null,
    "remuneration_kind": "gratuit",
    "person_or_entity_kbo": null,
    "person_or_entity_name": "Anny DEVROEY, Umberto NOTARPIETRO, Ghislain BRABANT"
  },
  "subject_company": {
    "kbo": "0441.144.716",
    "name_full": "DEVOTA",
    "legal_form": "SOCIETE ANONYME"
  },
  "accounts_deposit": null,
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null
  },
  "co_filed_documents": [
    "Bijlagen bij het Belgisch Staatsblad -10/03/2004-",
    "Annexes du Moniteur belge"
  ],
  "fiscal_year_change": null,
  "liquidation_closure": null,
  "officer_designation": null,
  "special_procuration": null,
  "is_volet_a_only_stub": true,
  "vakbekwaamheid_change": null,
  "should_reroute_to_category": null,
  "single_shareholder_declaration": null
}
Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR DEVOTA
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative