DevRad
ActiveDevRad has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €366k and a net result of €-33k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 27% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16=
Solvency52▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 85.93 against 25.45 in 2024; short-term debt: 1.1% and cash: 2.8% of total assets), but 73.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.6%
Return on assets
-2.4%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-33k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
5 d early
2022
4 d early
2021
11 d early
2020
3 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€366k▼ 8.4%
2024 · €399k
2019: €182k
2020: €130k
2021: €429k
2022: €420k
2023: €423k
2024: €399k
2019 → 2025
Total assets
€1.37M▲ 2.9%
2024 · €1.34M
2019: €706k
2020: €1.86M
2021: €1.90M
2022: €1.55M
2023: €1.38M
2024: €1.34M
2019 → 2025
Net result
€-33k▼ 38.7%
2024 · €-24k
2019: €-75k
2020: €-52k
2021: €299k
2022: €-9k
2023: €3k
2024: €-24k
2019 → 2025
Working capital
€1.34M▲ 5.6%
2024 · €1.26M
2019: €-92k
2020: €1.09M
2021: €1.86M
2022: €1.52M
2023: €1.31M
2024: €1.26M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€429k-€420k▼ 2.1%€423k▲ 0.7%€399k▼ 5.7%€366k▼ 8.4%
Operating result€374k-€-8k€26k€-24k€-17k▲ 30.3%
Net result€299k-€-9k€3k€-24k€-33k▼ 38.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2025 against €24k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.37M
Fixed assets
€23k▲ 17.5%
Current assets
€1.35M▲ 2.7%
Equity and liabilities €1.37M
Equity
€366k▼ 8.4%
Debt
€1.01M▲ 7.7%
The debt ratio rises from 70.1% to 73.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-12k▲
2024 · €-20k
Cash flow
€-29k▼
2024 · €-20k
Solvency
26.6%▼
2024 · 29.9%
Current ratio
85.93▲
2024 · 25.45
Quick ratio
85.93▲
2024 · 25.45
Debt / equity
2.76▲
2024 · 2.35
ROE
-9.2%▼
2024 · -6.0%
ROA
-2.4%▼
2024 · -1.8%
Interest coverage
-0.67▲
2024 · -21.96
Debt
€1.01M▲
2024 · €937k
Debt ≤ 1 year
€16k▼
2024 · €52k
Debt > 1 year
€970k▲
2024 · €885k
Income taxes
€-103▼
2024 · €2k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.34M€1.37M▲
Fixed assets21/28€20k€23k▲
Tangible fixed assets22/27€17k€15k▼
Land and buildings22€9k€8k▼
Plant, machinery and equipment23€0€702▲
Furniture and vehicles24€7k€7k▼
Financial fixed assets28€3k€8k▲
Current assets29/58€1.32M€1.35M▲
Amounts receivable after more than one year29€1.19M€1.29M▲
Other amounts receivable291€1.19M€1.29M▲
Amounts receivable within one year40/41€32k€16k▼
Trade receivables40€32k€12k▼
Other amounts receivable41€192€4k▲
Current investments50/53€51k€0▼
Cash at bank and in hand54/58€39k€39k▼
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.34M€1.37M▲
Equity10/15€399k€366k▼
Contributions10/11€406k€406k=
Reserves13€54k€54k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€53k€53k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-62k€-95k▼
Amounts payable17/49€937k€1.01M▲
Amounts payable after more than one year17€885k€970k▲
Financial debts170/4€660k€400k▼
Other amounts payable178/9€225k€570k▲
Amounts payable within one year42/48€52k€16k▼
Trade debts44€20k€8k▼
Suppliers440/4€20k€8k▼
Advances received on contracts in progress46€26k€0▼
Taxes, remuneration and social security45€2k€445▼
Taxes450/3€2k€445▼
Remuneration and social security454/9€0-
Other amounts payable47/48€4k€8k▲
Accrued charges and deferred income492/3-€23k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€-15k€-9k▲
Operating profit (loss)9901€-24k€-17k▲
Financial income75/76B€2k€451▼
Recurring financial income75€2k€451▼
Financial charges65/66B€892€17k▲
Recurring financial charges65€892€17k▲
Profit (loss) for the period before taxes9903€-22k€-34k▼
Income taxes67/77€2k€-103▼
Profit (loss) for the period9904€-24k€-33k▼
Profit (loss) for the period to be appropriated9905€-24k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-62k€-95k▼
Profit (loss) brought forward from the previous period14P€-38k€-62k▼
The notes to these accounts (12 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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Liquidity triplescurrent ratio 85.93
Current ratio from 25.45 to 85.93; short-term debt falls from €52k to €16k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €299k
Net result €299k after 2 loss-making years.
30-06
Financial
Liquidity times 9current ratio 89.29
Current ratio from 9.60 to 89.29; short-term debt falls from €126k to €21k.
30-06
Financial
Equity above €200kEq €429k ▲229%
Equity rises from €130k to €429k.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Liquidity times 40current ratio 9.60
Current ratio from 0.24 to 9.60.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-01
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.
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, Brecht · 1 establishment unit since 2013
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.
Zwaluwlaan 52960 BrechtGround area
2,089 m²
Building footprint
250 m²
Volume, LiDAR
1,781 m³
Parcel 11009M0004/00F002, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVRAD
since 20132.221.329.989
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11009M0004/00F002 | Flanders | 2,089 m² | 1 · 250 m² | 11.8 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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VOLE
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 36,939 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-04-2013
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68310Real estate agency activities
68311Real estate activities
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.