DEVRA
ActiveSummary
DEVRA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€660,222) and a net result of -€12,610. Equity remains stable across the filed fiscal years (±1.2% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Financials · fiscal year 2025, abbreviated schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €10,009 in 2025 against €1,534 in 2024; the loss grows.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 2,796 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,796 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,160 | €15,160 | €15,160 | €13,662 | €13,662 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €5,508 | €6,281 | €5,792 | €6,029 | €6,055 | ▲ 0.4% |
| Gross operating margin9900 | -€1,264 | €6,354 | €2,276 | €6,771 | -€16,299 | €169,258 | €4,495 | -€3,954 | ▼ 188% |
| Operating profit (loss)9901 | -€21,265 | -€13,779 | -€18,296 | -€12,399 | -€36,242 | €163,466 | -€1,534 | -€10,009 | ▼ 552% |
| Financial income75/76B | - | - | - | - | €31 | - | €22 | - | - |
| Recurring financial income75 | - | - | €1 | - | €31 | - | €22 | - | - |
| Financial charges65/66B | - | - | - | €2,980 | €3,238 | €4,745 | €3,320 | €2,601 | ▼ 21.7% |
| Recurring financial charges65 | €1,294 | €1,771 | €2,065 | €2,980 | €3,238 | €4,745 | €3,320 | €2,601 | ▼ 21.7% |
| Profit (loss) for the period before taxes9903 | -€22,560 | -€15,550 | -€20,359 | -€15,379 | -€39,449 | €158,721 | -€4,832 | -€12,610 | ▼ 161% |
| Profit (loss) for the period9904 | -€22,560 | -€15,550 | -€20,359 | -€15,379 | -€39,449 | €158,721 | -€4,832 | -€12,610 | ▼ 161% |
| Profit (loss) for the period to be appropriated9905 | -€22,560 | -€15,550 | -€20,359 | -€15,379 | -€39,449 | €158,721 | -€4,832 | -€12,610 | ▼ 161% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▲ 4.6% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | = |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | = |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | = |
| Current assets29/58 | €0.002m | €0.003m | €321 | €3 | €0.005m | €0.004m | €0.002m | €0.008m | ▲ 265% |
| Cash at bank and in hand54/58 | - | €0.001m | €321 | €3 | €0.005m | €0.002m | €0.002m | €0.008m | ▲ 265% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.003m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▲ 4.6% |
| Equity10/15 | -€0.7m | -€0.7m | -€0.7m | -€0.8m | -€0.8m | -€0.6m | -€0.6m | -€0.7m | ▼ 1.9% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.8m | -€0.8m | -€0.8m | -€0.8m | -€0.9m | -€0.7m | -€0.7m | -€0.7m | ▼ 1.7% |
| Amounts payable17/49 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €0.8m | €0.8m | €0.8m | ▲ 2.4% |
| Amounts payable after more than one year17 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.5m | €0.4m | €0.4m | ▼ 8.0% |
| Other amounts payable178/9 | - | - | - | €0.8m | €0.8m | €0.5m | €0.4m | €0.4m | ▼ 8.0% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 15.6% |
| Trade debts44 | €0.002m | €0.004m | €0.006m | €0.003m | €0.004m | €0.003m | €0.004m | €120 | ▼ 97.2% |
| Suppliers440/4 | - | - | - | €0.003m | €0.004m | €0.003m | €0.004m | €120 | ▼ 97.2% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 17.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 61.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,560 | -€15,550 | -€20,359 | -€15,379 | -€39,449 | €158,721 | -€4,832 | -€12,610 | ▼ 161% |
| + Depreciation and write-downs630 | €15,160 | €15,160 | €15,160 | €13,662 | €13,662 | - | - | - | - |
| Operating cash flow (approximation) | -€7,399 | -€390 | -€5,199 | -€1,717 | -€25,787 | €158,721 | -€4,832 | -€12,610 | ▼ 161% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €106,015 | €0 | €0 | - |
| Change in cash | - | - | -€418 | -€318 | €4,537 | -€2,917 | €585 | €5,855 | ▲ 901% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.