Devrager
ActiveSummary
Devrager has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184,234 and a net result of €2,864. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 54% of 39,152 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €184,234
- Profit
- €2,864
- DE WEERDT Veronique Jules MariaDirector
- J. VRANCKENDirector · permanent representative VRANCKEN Jan Raphaël Lucienne Herman
Why 94lowers riskLiquidity: current ratio 32.24, cash €251,826Sector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €306,222Equity €184,234 (60.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 55% on solvency, 97% on liquidity, 20% on profitability and 45% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 53 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €74,609
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €1,831 after €71,939 in 2024.
What the company sold each financial 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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 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% | 0.9% |
| 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 74.5% 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 10,904 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €82,346 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,584 | €4,584 | €10,009 | €5,189 | €5,189 | €0 | - | - |
| Other operating charges640/8 | - | - | €8,725 | €1,183 | €1,249 | €1,157 | €641 | ▼ 44.6% |
| Gross operating margin9900 | €2,793 | €6,840 | €6,315 | €6,542 | €3,282 | €73,096 | -€1,190 | - |
| Operating profit (loss)9901 | -€2,892 | €1,108 | -€12,419 | €170 | -€3,155 | €71,939 | -€1,831 | - |
| Financial income75/76B | - | - | - | - | €390 | €2,708 | €4,738 | ▲ 75.0% |
| Recurring financial income75 | €10 | - | - | - | €390 | €2,708 | €4,738 | ▲ 75.0% |
| Financial charges65/66B | - | - | €4,798 | €4,503 | €4,534 | €39 | €44 | ▲ 11.5% |
| Recurring financial charges65 | €2,948 | €4,815 | €4,798 | €4,503 | €4,534 | €39 | €44 | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | -€5,830 | -€3,707 | -€17,217 | -€4,333 | -€7,299 | €74,609 | €2,864 | ▼ 96.2% |
| Profit (loss) for the period9904 | -€5,830 | -€3,707 | -€17,217 | -€4,333 | -€7,299 | €74,609 | €2,864 | ▼ 96.2% |
| Profit (loss) for the period to be appropriated9905 | -€5,830 | -€3,707 | -€17,217 | -€4,333 | -€7,299 | €74,609 | €2,864 | ▼ 96.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €253,820 | €255,969 | €235,925 | €233,663 | €234,104 | €304,097 | €306,222 | ▲ 0.7% |
| Fixed assets21/28 | €188,116 | €183,533 | €186,781 | €185,093 | €179,904 | €3,500 | €3,500 | = |
| Tangible fixed assets22/27 | €188,116 | €183,533 | €186,781 | €185,093 | €179,904 | €3,500 | €3,500 | = |
| Land and buildings22 | - | - | €186,781 | €181,593 | €176,404 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Current assets29/58 | €65,703 | €72,436 | €49,144 | €48,570 | €54,200 | €300,597 | €302,722 | ▲ 0.7% |
| Amounts receivable after more than one year29 | - | - | - | - | €50,000 | €50,000 | €50,000 | = |
| Other amounts receivable291 | - | - | - | - | €50,000 | €50,000 | €50,000 | = |
| Amounts receivable within one year40/41 | - | - | - | - | - | €250,137 | €896 | ▼ 99.6% |
| Other amounts receivable41 | - | - | - | - | - | €250,137 | €896 | ▼ 99.6% |
| Cash at bank and in hand54/58 | €65,514 | €72,233 | €48,937 | €48,358 | €3,968 | €219 | €251,826 | ▲ 1,152× |
| Deferred charges and accrued income490/1 | - | - | €207 | €212 | €232 | €241 | €0 | ▼ 100% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €253,820 | €255,969 | €235,925 | €233,663 | €234,104 | €304,097 | €306,222 | ▲ 0.7% |
| Equity10/15 | €139,318 | €135,611 | €118,394 | €114,061 | €106,762 | €181,371 | €184,234 | ▲ 1.6% |
| Contributions10/11 | €200,000 | - | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€60,682 | -€64,389 | -€81,606 | -€85,939 | -€93,238 | -€18,629 | -€15,766 | ▲ 15.4% |
| Amounts payable17/49 | €114,502 | €120,358 | €117,532 | €119,602 | €127,342 | €122,726 | €121,987 | ▼ 0.6% |
| Amounts payable after more than one year17 | €100,000 | €100,000 | €100,000 | €100,000 | €110,000 | €110,000 | €110,000 | = |
| Financial debts170/4 | - | - | €100,000 | €100,000 | €110,000 | €110,000 | €110,000 | = |
| Amounts payable within one year42/48 | €12,052 | €13,214 | €12,399 | €9,552 | €9,552 | €10,342 | €9,391 | ▼ 9.2% |
| Trade debts44 | - | €1,162 | €348 | - | - | - | - | - |
| Suppliers440/4 | - | - | €348 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €12,052 | €9,552 | €9,552 | €10,342 | €9,391 | ▼ 9.2% |
| Accrued charges and deferred income492/3 | - | - | €5,132 | €10,050 | €7,790 | €2,384 | €2,597 | ▲ 8.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,830 | -€3,707 | -€17,217 | -€4,333 | -€7,299 | €74,609 | €2,864 | ▼ 96.2% |
| + Depreciation and write-downs630 | €4,584 | €4,584 | €10,009 | €5,189 | €5,189 | €0 | - | - |
| Operating cash flow (approximation) | -€1,246 | €877 | -€7,208 | €856 | -€2,110 | €74,609 | €2,864 | ▼ 96.2% |
| Investment in fixed assets (approximation) | - | €0 | -€13,258 | -€3,500 | €0 | €176,404 | €0 | ▼ 100% |
| Change in cash | - | €6,719 | -€23,296 | -€579 | -€44,391 | -€3,749 | €251,607 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 26-01-2026 | 2026-00017934 |
| 30-09-2024 | micro format | 28-03-2025 | 2025-00057282 |
| 30-09-2023 | micro format | 07-02-2024 | 2024-00027479 |
| 30-09-2022 | micro format | 25-02-2023 | 2023-00034218 |
| 30-09-2021 | micro format | 30-04-2022 | 2022-20021731 |
| 30-09-2020 | micro format | 30-03-2021 | 2021-08900398 |
| 30-09-2019 | micro format | 21-02-2020 | 2020-05400301 |
| 30-09-2018 | micro format | 29-01-2019 | 2019-03300030 |
| 30-09-2017 | abbreviated format | 19-02-2018 | 2018-05100510 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DE WEERDT Veronique Jules Maria |
|
| J. VRANCKEN |
|
Owners and capital
Owners
1 ownerOwners 1
-
share not stated
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- DE WEERDT Veronique Jules Maria 250 shares
- J. VRANCKEN (BE 0860.332.194) 750 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 18-12-2023 Converted to unavailable equity · €200,000
Group and network
Connections & network
5 connected companiesShow 1 more companies with a shared director
History
Acts, filings and financial milestones
18-12
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsPermanent representative: VRANCKEN Jan Raphaël Lucienne Herman · Resignation: J. VRANCKEN (manager) · Reappointment: J. VRANCKEN (niet statutair bestuurder)27 facts ▸
- General meeting, 11-12-2023
- Incorporation, 19-10-2015
- Other provision, “statutenwijziging” (deed in Dutch)
- Other provision, “registerinschrijving, Rechtspersonenregister van Brussel” (deed in Dutch)
- Other provision, “voorlezing en ontwerp” (deed in Dutch)
- Shareholding, 250
- Shareholding, 750
- Capital
- Permanent representative, VRANCKEN Jan Raphaël Lucienne Herman (2 times)
- Incorporation, 28-08-2003
- Other provision, “statutenwijziging, aangeboden ter publicatie” (deed in Dutch)
- Other provision, “agenda1-statuten aanpassen WVV”, 1 (deed in Dutch)
- +15 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23036B0377/00R000 | Flanders | 1,961 m² | 1 · 285 m² | 11.1 m · 1 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Devrager
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, België of buitenland” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, één of meer bestuurders,natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen voorgeschreven door Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Alle procedure- en expertisekosten voor helft ten laste overdrager en andere helft ten laste koper(s) naar evenredigheid verworven aantal…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of January at 12:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed