DEVREK
InactiveDEVREK was declared bankrupt on 24-10-2023 (Ondernemingsrechtbank Antwerpen, afdeling Tongeren); the bankruptcy was closed for insufficient assets by judgment of 15-10-2024, published in the Belgian Official Gazette on 24-10-2024.
Summary
Inactive; last annual accounts for financial year 2022.
Overview
Activity
Activity not known
Size
€67,650total assets 2022
- Staff
- 2.1 FTE
- Equity
- -€16,915
- Loss
- -€29,633
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
0 of 3 deeds read
Signalsraises riskTwo or more financial years not filedneutralPrior bankruptcyFiled after the deadlineShow the evidence
Signals
Three signals.
raises riskneutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 year end31-07-2024 deadline14-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 20-09-2023, 51 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2022
51 days late
2021
403 days late
2020
419 days late
2019
250 days late
2018
468 days late
2017
28 days early
2016
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 223 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Searched, nothing found (1)
- Bankruptcy closure (insufficient assets)Enterprise Court of Antwerp, Tongeren…
- OpeningEnterprise Court of Antwerp, Tongeren…
- Annual accounts filedfinancial year 2022 · micro…
Financials · financial year 2022, micro format
2022 annual accounts filed late (51 days) Filed on 20 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00451936.
Equity
-€16,915
2021 · €12,718
Total assets
€67,650▼ 15.9%
2021 · €80,450
Net result
-€29,633▼ 106%
2021 · -€14,390
Working capital
-€22,827
2021 · €6,806
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result stays negative: a loss of €17,012 in 2022 against €13,556 in 2021; the loss grows and 2022 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€17,012
2022
Net result-€29,633
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€67,650
2022
Equity-€16,915
2022
Debt€84,565
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€22,827
2022
Average staff in full-time equivalents (FTE).
Staff (FTE)2.1
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Operating result-€1,223-€2,868€6,891▲ 140%-€13,556-€17,012▼ 25.5%
Net result-€1,823-€1,218€3,588▲ 195%-€14,390-€29,633▼ 106%
Equity€22,301-€23,519▲ 5.5%€27,107▲ 15.3%€12,718▼ 53.1%-€16,915
Total assets€98,534-€99,151▲ 0.6%€109,283▲ 10.2%€80,450▼ 26.4%€67,650▼ 15.9%
Debt€76,233-€75,632▼ 0.8%€82,176▲ 8.7%€67,732▼ 17.6%€84,565▲ 24.9%
Working capital€13,143-€17,414▲ 32.5%€20,587▲ 18.2%€6,806▼ 66.9%-€22,827
Staff (FTE)0.8-1.1▲ 37.5%2.8▲ 155%2.3▼ 17.9%2.1▼ 8.7%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €67,650
Fixed assets
€5,912 =
Current assets
€61,738 ▼ 17.2%
Equity and liabilities
Equity-€16,915
Debt€84,565
Equity is negative: debt (€84,565) exceeds the balance-sheet total (€67,650).
Key figures and ratios
Solvency
-25.0%▼
2021 · 15.8%
Current ratio
0.73▼
2021 · 1.10
Quick ratio
0.35▼
2021 · 0.47
ROA
-43.8%▼
2021 · -17.9%
Debt ≤ 1 year
€84,565▲
2021 · €67,732
Income taxes
€11,849▲
2021 · €31
Staff costs
€65,753▲
2021 · €40,741
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €750 | - | - |
| Remuneration, social security and pensions62 | - | - | €28,249 | €40,741 | €65,753 | ▲ 61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,753 | €3,053 | €4,165 | €1,556 | - | - |
| Other operating charges640/8 | - | - | €1,209 | €1,009 | €775 | ▼ 23.2% |
| Non-recurring operating charges66A | - | - | - | €603 | - | - |
| Gross operating margin9900 | €26,089 | €30,618 | €40,514 | €30,352 | €49,515 | ▲ 63.1% |
| Operating profit (loss)9901 | -€1,223 | €2,868 | €6,891 | -€13,556 | -€17,012 | ▼ 25.5% |
| Financial income75/76B | - | - | - | €34 | €83 | ▲ 147% |
| Recurring financial income75 | - | €1 | - | €34 | €83 | ▲ 147% |
| Financial charges65/66B | - | - | €1,357 | €836 | €854 | ▲ 2.2% |
| Recurring financial charges65 | €320 | €374 | €1,357 | €836 | €854 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | -€1,543 | €2,495 | €5,535 | -€14,358 | -€17,784 | ▼ 23.9% |
| Income taxes67/77 | €280 | €1,277 | €1,946 | €31 | €11,849 | ▲ 37,624% |
| Profit (loss) for the period9904 | -€1,823 | €1,218 | €3,588 | -€14,390 | -€29,633 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | -€1,823 | €1,218 | €3,588 | -€14,390 | -€29,633 | ▼ 106% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,534 | €99,151 | €109,283 | €80,450 | €67,650 | ▼ 15.9% |
| Fixed assets21/28 | €9,158 | €6,105 | €6,520 | €5,912 | €5,912 | = |
| Tangible fixed assets22/27 | €9,158 | €6,105 | €6,520 | €5,912 | €5,912 | = |
| Land and buildings22 | - | - | - | €3,600 | €3,600 | = |
| Plant, machinery and equipment23 | - | - | €3,468 | €2,312 | €2,312 | = |
| Furniture and vehicles24 | - | - | €3,053 | - | - | - |
| Current assets29/58 | €89,376 | €93,046 | €102,763 | €74,539 | €61,738 | ▼ 17.2% |
| Stocks and contracts in progress3 | €32,776 | €39,312 | €42,563 | €42,563 | €32,538 | ▼ 23.6% |
| Stocks30/36 | - | - | €42,563 | €42,563 | €32,538 | ▼ 23.6% |
| Amounts receivable within one year40/41 | €52,827 | €50,627 | €45,553 | €18,807 | €5,004 | ▼ 73.4% |
| Trade receivables40 | - | - | €45,553 | €18,807 | €5,004 | ▼ 73.4% |
| Cash at bank and in hand54/58 | €2,709 | €2,816 | €14,385 | €12,906 | €23,911 | ▲ 85.3% |
| Deferred charges and accrued income490/1 | - | - | €261 | €261 | €285 | ▲ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,534 | €99,151 | €109,283 | €80,450 | €67,650 | ▼ 15.9% |
| Equity10/15 | €22,301 | €23,519 | €27,107 | €12,718 | -€16,915 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,524 | €5,524 | €8,507 | €8,507 | €8,507 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €6,647 | €6,647 | €6,647 | = |
| Profit (loss) carried forward14 | -€1,823 | -€605 | - | -€14,390 | -€44,022 | ▼ 206% |
| Amounts payable17/49 | €76,233 | €75,632 | €82,176 | €67,732 | €84,565 | ▲ 24.9% |
| Amounts payable within one year42/48 | €76,233 | €75,632 | €82,176 | €67,732 | €84,565 | ▲ 24.9% |
| Trade debts44 | €30,483 | €35,689 | €46,324 | €32,219 | €37,529 | ▲ 16.5% |
| Suppliers440/4 | - | - | €46,324 | €32,219 | €37,529 | ▲ 16.5% |
| Taxes, remuneration and social security45 | - | - | €8,171 | €14,471 | €17,474 | ▲ 20.8% |
| Taxes450/3 | - | - | €5,008 | €4,050 | €2,703 | ▼ 33.3% |
| Remuneration and social security454/9 | - | - | €3,164 | €10,421 | €14,771 | ▲ 41.7% |
| Other amounts payable47/48 | - | - | €27,680 | €21,043 | €29,562 | ▲ 40.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,823 | €1,218 | €3,588 | -€14,390 | -€29,633 | ▼ 106% |
| + Depreciation and write-downs630 | €4,753 | €3,053 | €4,165 | €1,556 | - | - |
| Operating cash flow (approximation) | €2,929 | €4,270 | €7,753 | -€12,834 | -€29,633 | ▼ 131% |
| Investment in fixed assets (approximation) | - | €0 | -€4,580 | -€947 | €0 | - |
| Change in cash | - | €107 | €11,569 | -€1,479 | €11,005 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 20-09-2023 | 2023-00451936 |
| 31-12-2021 | micro format | 07-09-2023 | 2023-00443795 |
| 31-12-2020 | micro format | 23-09-2022 | 2022-20434234 |
| 31-12-2019 | micro format | 07-04-2021 | 2021-09900012 |
| 31-12-2018 | micro format | 10-11-2020 | 2020-69600475 |
| 31-12-2017 | abbreviated format | 03-07-2018 | 2018-28600220 |
| 31-12-2016 | micro format | 27-07-2017 | 2017-37300517 |
| 31-12-2015 | abbreviated format | 26-09-2016 | 2016-61700310 |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-53700018 |
| 31-12-2013 | abbreviated format | 05-08-2014 | 2014-40000443 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Kathleen Velkeneers Kasteelstraat 23B, 3840 Borgloon |
24-10-2023 → 15-10-2024 |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2024
24-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Enterprise Court of Antwerp, Tongeren division · judgment of 15-10-2024
2023
30-10
Bankruptcy
Opening
Enterprise Court of Antwerp, Tongeren division · judgment of 24-10-2023
20-09
NBB filing
Annual accounts filed
financial year 2022 · micro format · 51 days late
07-09
NBB filing
Annual accounts filed
financial year 2021 · micro format · 403 days late
2022
31-12
Financial
Weakest financial yearnet -€29,633
Net result drops to -€29,633, the lowest in the series.
23-09
NBB filing
Annual accounts filed
financial year 2020 · micro format · 419 days late
2021
07-04
NBB filing
Annual accounts filed
financial year 2019 · micro format · 250 days late
2020
31-12
Financial
Highest result from 2018 to 2022net €3,588 ▲195%
Operating result €6,891, net result €3,588, both a record.
10-11
NBB filing
Annual accounts filed
financial year 2018 · micro format · 468 days late
2019
31-12
Financial
Back to profitnet €1,218
Net result €1,218 after one loss-making year.
2018
03-07
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
27-07
NBB filing
Annual accounts filed
financial year 2016 · micro format
Show earlier events
2016
26-09
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 57 days late
2015
31-08
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 31 days late
2014
05-08
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format · 5 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 20 annual accounts filed, the latest 10 are here; all 20 are under Financials.
0 of 3 deeds read
About the unread acts
We know of 3 Belgian Official 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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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.