DEVOTRA
ActiveSummary
DEVOTRA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €143k and a net result of €9k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 95% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+7
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.75 against 1.1 in 2024; short-term debt: 7.2% and cash: 10.9% of total assets), and 7.2% 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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
92.8%
Return on assets
5.6%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
27 d late
2023
43 d early
2022
26 d early
2021
25 d late
2020
43 d early
2019
21 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€143k▲ 6.4%
2024 · €135k
2018: €101klowest in 8 years
2019: €107k▲ +5.3% vs 2018
2020: €116k▲ +8.9% vs 2019
2021: €129k▲ +10.7% vs 2020
2022: €131k▲ +1.9% vs 2021
2023: €134k▲ +2.2% vs 2022
2024: €135k▲ +0.6% vs 2023
2025: €143k▲ +6.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€154k▼ 2.5%
2024 · €158k
2018: €160k
2019: €154k▼ -3.8% vs 2018lowest in 8 years
2020: €172k▲ +11.8% vs 2019
2021: €178k▲ +3.6% vs 2020
2022: €188k▲ +5.4% vs 2021highest in 8 years
2023: €177k▼ -5.8% vs 2022
2024: €158k▼ -10.8% vs 2023
2025: €154k▼ -2.5% vs 2024
2018 → 2025
Net result
€9k▲ 981%
2024 · €800
2018: €1k
2019: €5k▲ +410% vs 2018
2020: €10k▲ +76.1% vs 2019
2021: €12k▲ +30.4% vs 2020highest in 8 years
2022: €2k▼ -80.8% vs 2021
2023: €3k▲ +17.9% vs 2022
2024: €800▼ -71.6% vs 2023lowest in 8 years
2025: €9k▲ +981% vs 2024
2018 → 2025
Working capital
€19k▲ 716%
2024 · €2k
2018: €33k
2019: €30k▼ -10.1% vs 2018
2020: €47k▲ +56.3% vs 2019
2021: €67k▲ +42.2% vs 2020highest in 8 years
2022: €43k▼ -36.2% vs 2021
2023: €2k▼ -94.2% vs 2022
2024: €2k▼ -3.2% vs 2023lowest in 8 years
2025: €19k▲ +716% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€131k▲ 1.9%€134k▲ 2.2%€135k▲ 0.6%€143k▲ 6.4%
2021: €129klowest in 5 years
2022: €131k▲ +1.9% vs 2021
2023: €134k▲ +2.2% vs 2022
2024: €135k▲ +0.6% vs 2023
2025: €143k▲ +6.4% vs 2024highest in 5 years
Operating result€20k-€5k▼ 73.6%€5k▼ 3.9%€2k▼ 66.4%€13k▲ 662%
2021: €20khighest in 5 years
2022: €5k▼ -73.6% vs 2021
2023: €5k▼ -3.9% vs 2022
2024: €2k▼ -66.4% vs 2023lowest in 5 years
2025: €13k▲ +662% vs 2024
Net result€12k-€2k▼ 80.8%€3k▲ 17.9%€800▼ 71.6%€9k▲ 981%
2021: €12khighest in 5 years
2022: €2k▼ -80.8% vs 2021
2023: €3k▲ +17.9% vs 2022
2024: €800▼ -71.6% vs 2023lowest in 5 years
2025: €9k▲ +981% vs 2024
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 662% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €154k
Fixed assets
€124k ▼ 6.3%
Current assets
€30k ▲ 17.1%
Equity and liabilities €154k
Equity
€143k ▲ 6.4%
Debt
€11k ▼ 53.1%
Debt's share of the balance-sheet total falls from 14.9% to 7.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k▲
2024 · €15k
Cash flow
€22k▲
2024 · €14k
Current ratio
2.75▲
2024 · 1.10
Debt to equity
0.08▼
2024 · 0.18
ROE
6.0%▲
2024 · 0.6%
ROA
5.6%▲
2024 · 0.5%
Interest coverage
114.88▲
2024 · 63.53
Debt ≤ 1 year
€11k▼
2024 · €24k
Income taxes
€4k▲
2024 · €733
Staff costs
€2k=
2024 · €2k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€158k€154k▼
Fixed assets21/28€132k€124k▼
Tangible fixed assets22/27€132k€124k▼
Land and buildings22€132k€124k▼
Current assets29/58€26k€30k▲
Amounts receivable within one year40/41€14k€14k▼
Trade receivables40€8k€8k▲
Other amounts receivable41€6k€6k▼
Cash at bank and in hand54/58€11k€17k▲
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€158k€154k▼
Equity10/15€135k€143k▲
Contributions10/11€20k€20k=
Reserves13€115k€123k▲
Distributable reserves133€115k€123k▲
Amounts payable17/49€24k€11k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€24k€11k▼
Trade debts44€22k€9k▼
Suppliers440/4€22k€9k▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€0-
Income statement
Code20242025
Remuneration, social security and pensions62€2k€2k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€18k€30k▲
Operating profit (loss)9901€2k€13k▲
Financial income75/76B€30€43▲
Recurring financial income75€30€43▲
Financial charges65/66B€232€233▲
Recurring financial charges65€232€233▲
Profit (loss) for the period before taxes9903€2k€13k▲
Income taxes67/77€733€4k▲
Profit (loss) for the period9904€800€9k▲
Profit (loss) for the period to be appropriated9905€800€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€800€9k▲
Transfer to equity691/2€800€9k▲
To other reserves6921€800€9k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €2k | €2k | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €9k | €13k | €13k | €14k | ▲ 4.1% |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €2k | ▲ 23.6% |
| Gross operating margin9900 | €29k | €15k | €19k | €18k | €30k | ▲ 70.0% |
| Operating profit (loss)9901 | €20k | €5k | €5k | €2k | €13k | ▲ 662% |
| Financial income75/76B | €0 | €18 | €81 | €30 | €43 | ▲ 43.5% |
| Recurring financial income75 | €0 | €18 | €81 | €30 | €43 | ▲ 43.5% |
| Financial charges65/66B | €2k | €2k | €798 | €232 | €233 | ▲ 0.4% |
| Recurring financial charges65 | €2k | €2k | €798 | €232 | €233 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €19k | €4k | €4k | €2k | €13k | ▲ 750% |
| Income taxes67/77 | €6k | €1k | €2k | €733 | €4k | ▲ 499% |
| Profit (loss) for the period9904 | €12k | €2k | €3k | €800 | €9k | ▲ 981% |
| Profit (loss) for the period to be appropriated9905 | €12k | €2k | €3k | €800 | €9k | ▲ 981% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €178k | €188k | €177k | €158k | €154k | ▼ 2.5% |
| Fixed assets21/28 | €102k | €128k | €141k | €132k | €124k | ▼ 6.3% |
| Tangible fixed assets22/27 | €102k | €128k | €141k | €132k | €124k | ▼ 6.3% |
| Land and buildings22 | €102k | €128k | €141k | €132k | €124k | ▼ 6.3% |
| Current assets29/58 | €77k | €60k | €36k | €26k | €30k | ▲ 17.1% |
| Amounts receivable within one year40/41 | €10k | €7k | €8k | €14k | €14k | ▼ 1.5% |
| Trade receivables40 | €9k | €3k | €7k | €8k | €8k | ▲ 5.5% |
| Other amounts receivable41 | €262 | €4k | €1k | €6k | €6k | ▼ 10.1% |
| Cash at bank and in hand54/58 | €67k | €53k | €26k | €11k | €17k | ▲ 50.9% |
| Deferred charges and accrued income490/1 | - | - | €2k | €1k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €178k | €188k | €177k | €158k | €154k | ▼ 2.5% |
| Equity10/15 | €129k | €131k | €134k | €135k | €143k | ▲ 6.4% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €109k | €111k | €114k | €115k | €123k | ▲ 7.5% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €107k | €109k | €114k | €115k | €123k | ▲ 7.5% |
| Amounts payable17/49 | €50k | €57k | €43k | €24k | €11k | ▼ 53.1% |
| Amounts payable after more than one year17 | €40k | €40k | €10k | €0 | - | - |
| Financial debts170/4 | €40k | €40k | €10k | €0 | - | - |
| Amounts payable within one year42/48 | €10k | €17k | €33k | €24k | €11k | ▼ 53.1% |
| Trade debts44 | €6k | €14k | €28k | €22k | €9k | ▼ 57.9% |
| Suppliers440/4 | €6k | €14k | €28k | €22k | €9k | ▼ 57.9% |
| Taxes, remuneration and social security45 | €4k | €3k | €3k | €2k | €2k | ▲ 7.5% |
| Taxes450/3 | €4k | €3k | €3k | €2k | €2k | ▲ 7.5% |
| Other amounts payable47/48 | €0 | €194 | €2k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €2k | €3k | €800 | €9k | ▲ 981% |
| + Depreciation and write-downs630 | €7k | €9k | €13k | €13k | €14k | ▲ 4.1% |
| Operating cash flow (approximation) | €20k | €11k | €15k | €14k | €22k | ▲ 60.6% |
| Investment in fixed assets (approximation) | - | €-35k | €-26k | €-4k | €-5k | ▼ 33.5% |
| Change in cash | - | €-14k | €-28k | €-14k | €6k | ▲ 139% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 2.75
Current ratio from 1.10 to 2.75; short-term debt falls from €24k to €11k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €800 ▼71.6%
Net result drops to €800, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €12k ▲30.4%
Operating result €20k, net result €12k, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Ledegem · 1 establishment unit since 2011
Ground area
934 m²
Building footprint
288 m²
Volume, LiDAR
1,527 m³
Parcel 36018B0493/00C003, Flanders · tallest building 12.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DEVOTRA
since 20112.202.760.033
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36018B0493/00C003 | Flanders | 934 m² | 1 · 287 m² | 12.0 m · 1 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
Food safety, FASFC
1 siteLedegem2.202.760.033
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,370 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
Founded22-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.