DEVOTEC
ActiveSummary
DEVOTEC has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215k and a net result of €8k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 95% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 35.74 against 5.67 in 2024; short-term debt: 2.3% and cash: 41.8% of total assets), and 2.3% of the assets are financed with debt.
Credit check for your own amount and term
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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
97.7%
Return on assets
3.5%
Age of the figures
12 mo
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 23-04-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
2 d early
2023
58 d late
2022
1 d early
2021
3 d early
2020
3 d early
2019
30 d early
← before the deadline
after the deadline →
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
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€215k▲ 3.7%
2024 · €208k
2018: €199k
2019: €201k
2020: €191k
2021: €197k
2022: €200k
2023: €205k
2024: €208k
2018 → 2025
Total assets
€220k▼ 9.1%
2024 · €242k
2018: €301k
2019: €326k
2020: €278k
2021: €283k
2022: €250k
2023: €259k
2024: €242k
2018 → 2025
Net result
€8k▲ 162%
2024 · €3k
2018: €960
2019: €1k
2020: €-10k
2021: €10k
2022: €2k
2023: €5k
2024: €3k
2018 → 2025
Working capital
€174k▲ 7.7%
2024 · €162k
2018: €117k
2019: €135k
2020: €142k
2021: €110k
2022: €120k
2023: €143k
2024: €162k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€197k-€200k▲ 1.2%€205k▲ 2.4%€208k▲ 1.4%€215k▲ 3.7%
Operating result€11k-€3k▼ 69.3%€4k▲ 15.6%€4k▼ 7.5%€9k▲ 159%
Net result€10k-€2k▼ 76.0%€5k▲ 106%€3k▼ 39.0%€8k▲ 162%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 159% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €220k
Fixed assets
€41k ▼ 10.5%
Current assets
€179k ▼ 8.7%
Equity and liabilities €220k
Equity
€215k ▲ 3.7%
Debt
€5k ▼ 85.5%
Debt's share of the balance-sheet total falls from 14.3% to 2.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2024 · €21k
Cash flow
€27k▲
2024 · €21k
Current ratio
35.74▲
2024 · 5.67
Quick ratio
33.17▲
2024 · 5.11
Debt to equity
0.02▼
2024 · 0.17
ROE
3.6%▲
2024 · 1.4%
ROA
3.5%▲
2024 · 1.2%
Interest coverage
101.31▲
2024 · 33.22
Debt ≤ 1 year
€5k▼
2024 · €35k
Income taxes
€1k▲
2024 · €192
Staff costs
€10k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€242k€220k▼
Fixed assets21/28€46k€41k▼
Tangible fixed assets22/27€46k€41k▼
Land and buildings22€21k€23k▲
Plant, machinery and equipment23€49€10k▲
Furniture and vehicles24€25k€8k▼
Current assets29/58€197k€179k▼
Stocks and contracts in progress3€19k€13k▼
Stocks30/36€19k€13k▼
Amounts receivable within one year40/41€71k€74k▲
Trade receivables40€6k€13k▲
Other amounts receivable41€65k€61k▼
Cash at bank and in hand54/58€96k€92k▼
Deferred charges and accrued income490/1€10k-
Equity and liabilities
Total equity and liabilities10/49€242k€220k▼
Equity10/15€208k€215k▲
Contributions10/11€31k€31k=
Reserves13€174k€174k=
Distributable reserves133€174k€174k=
Profit (loss) carried forward14€3k€11k▲
Amounts payable17/49€35k€5k▼
Amounts payable within one year42/48€35k€5k▼
Trade debts44€34k€5k▼
Suppliers440/4€34k€5k▼
Taxes, remuneration and social security45€688-
Remuneration and social security454/9€688-
Income statement
Code20242025
Remuneration, social security and pensions62€14k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€904€513▼
Gross operating margin9900€36k€39k▲
Operating profit (loss)9901€4k€9k▲
Financial income75/76B€217-
Recurring financial income75€217-
Financial charges65/66B€636€280▼
Recurring financial charges65€636€280▼
Profit (loss) for the period before taxes9903€3k€9k▲
Income taxes67/77€192€1k▲
Profit (loss) for the period9904€3k€8k▲
Profit (loss) for the period to be appropriated9905€3k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€11k▲
Profit (loss) brought forward from the previous period14P-€3k
The notes to these accounts (7 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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity times 6current ratio 35.74
Current ratio from 5.67 to 35.74; short-term debt falls from €35k to €5k.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
30-09
Financial
Equity above €200kEq €205k ▲2.4%
3 profitable years in a row build equity to €205k.
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €200kEq €201k ▲0.7%
2 profitable years in a row build equity to €201k.
Show earlier events
31-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
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 3 acts read
About the unread acts
We know of 3 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
3 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, Waregem · 1 establishment unit since 1996
Ground area
540 m²
Building footprint
508 m²
Volume, LiDAR
3,084 m³
Parcel 34010A0244/00N000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DEVOTEC - ELECTRONICS / Bed and Breakfast
since 19962.063.310.259
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0244/00N000 | Flanders | 540 m² | 1 · 508 m² | 11.1 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
2025 · 1 entry · 483 EUR awarded · 483 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 483 EUR | 483 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,157 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-05-1993
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.