Turnover
≈ €1.3m estimated
The accounts state no turnover.
Devray
Lifetime
2 annual accounts with figures on one time axispeak €595,788 (2024)
€567,273▼ 4.8%
peak €39,620 (2024)
€28,516▼ 28.0%
peak €585,306 (2025)
€585,306▲ 5.1%
€308,847▼ 6.6%
peak 8.4 FTE (2025)
8.4 FTE▲ 18.3%
Board1 name since 2024
1 directorINVESTEEL
Owners
50%INVESTEEL
Documentsfilings and deeds
21-05-202671 days before the deadline
2025financial year
Result from €39,620 to €28,516Staff from 7.1 FTE to 8.4 FTECash from €196,831 to €363,126
Key points
from the 2025 annual accountsStaff
8 employees on 31-12-2025
In 2025, 8 people joined and 9 left.
Restructuring
2024
Branch taken over from Devray Walther et enfants. Takeover on 17-07-2024.
Checked score
87
Excellent
Financially stronger than 63% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,709 companies (NACE 25, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2025: 1.8%
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.9%▲ +0.1 percentage points vs 02-2025
04-2025: 2.2%▲ +0.3 percentage points vs 03-2025
05-2025: 2.3%▲ +0.1 percentage points vs 04-2025
06-2025: 2.6%▲ +0.3 percentage points vs 05-2025highest value
07-2025: 0.4%▼ -2.2 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.3%▼ -0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
lowers risk
Liquidity: current ratio 2.68, cash €363,126
Equity €585,306 (65.5% of total assets)
Figures for financial year 2025 (filed on 27-05-2026)
Calculation
The band follows from the bankruptcy probability. 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 25, micro). It does better than 70% of them on solvency, 88% on liquidity, 45% on profitability and 50% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,546 companies had the same profile as Devray has now. Each dot stands for 7 companies, two years later.
94.3%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Devray itself is lower: 0.3% within 12 months. It rests on far more data about Devray than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for Devray. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €50,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 2.68 (2.75 in 2024), above the usual 1.5. Short-term debt is 25.6% and cash 40.6% of total assets. 34.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 21-05-2026, 71 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
71 days early
2024
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 58 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003934657
Demerger: Devray Walther et enfants splits off to DEVRAY
Founding capital of €517,170.19, 1,000 shares · Appointment: INVESTEEL (director) · Permanent representative: DEVRAY, Gauthier Walther Bernard · Gazette deed
Incorporation
1,000 shares · published on 08-01-2024 · Gazette deed
First establishment
Quai Donat Casterman 65, Tournai
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Devray Tournai | €0.9m | €567,273 | 65.5% | 8.4 |
| A-STEEL Bocholt | €0.9m | €542,335 | 5.2% | 6.9 |
| APEX SERVICES Ichtegem | €0.7m | €590,408 | 17.6% | 6.8 |
| GS Masset Dépannages Grâce-Hollogne | €1.4m | €555,390 | 21.8% | 7.3 |
| A2C PRODUCT Seraing | €0.6m | €422,253 | 44.9% | 7.5 |
| TAGL METAL CONSTRUCT Mons | €0.3m | €583,377 | 46.9% | 10.5 |
| VYTECH ZELE Zele | €0.8m | €494,665 | 41.2% | 3.6 |
These companies have the same main activity as Devray: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €301,000 and €1.4m, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 27-12-2023Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 5 others
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.354.686.4807500 Tournai, since 19-12-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 23-09-2025
Annual accounts 2025
- €894,154▲ 0.8%
- Employeeson 31-12-2025
- 8▼ 11.1%
- Filing
- Filed on 21-05-2026, 71 days before the end of the filing period
Insights on Devray
Devray has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €585,306 and a net result of €28,516.
Its solvency ranks better than 74% of 834 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Devray
- What is the company number of Devray?
- The company number of Devray is 1003.934.657. The VAT number is the same number with BE in front: BE 1003.934.657.
- Where is Devray based?
- The registered office is at Quai Donat Casterman 65, 7500 Tournai.Company details
- What does Devray do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of Devray?
- Devray is a private limited company (BV).
- When was Devray founded?
- Devray was founded on 27-12-2023.
- Is Devray still active?
- Yes, Devray is an active enterprise in the KBO register.
- How many employees does Devray have?
- Devray had an average of 8.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Devray fall under?
- In its 2025 annual accounts, Devray states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of Devray?
- The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €567,273 and 2,274 comparable companies of the same size. It probably lies between €800,000 and €2.3m. It is a rough estimate.
- Is Devray profitable?
- In financial year 2025, Devray made a profit of €28,516.
- Where can I find the annual accounts of Devray?
- Devray filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Devray due?
- Devray must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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