DEVRIENDT MICHAEL
ActiveSummary
The annual accounts of DEVRIENDT MICHAEL for fiscal year 2025 show a net loss of 89% of total assets and of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €7k and a net result of €-7k. Equity is shrinking by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 89% of 27965 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-70
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 5.23 against 12.07 in 2024; short-term debt: 14.9% and cash: 56.5% of total assets), and 14.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
85.1%
Return on assets
-88.7%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
23 d early
2023
26 d early
2022
28 d early
2021
30 d early
2020
29 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▼ 51.1%
2024 · €14k
2018: €23k
2019: €25k▲ +6.1% vs 2018
2020: €20k▼ -17.1% vs 2019
2021: €8k▼ -59.7% vs 2020
2022: €25k▲ +206% vs 2021highest in 8 years
2023: €14k▼ -44.8% vs 2022
2024: €14k▲ +0.9% vs 2023
2025: €7k▼ -51.1% vs 2024lowest in 8 years
2018 → 2025
Total assets
€8k▼ 45.6%
2024 · €15k
2018: €29khighest in 8 years
2019: €25k▼ -14.4% vs 2018
2020: €21k▼ -15.7% vs 2019
2021: €9k▼ -56.3% vs 2020
2022: €27k▲ +188% vs 2021
2023: €14k▼ -47.4% vs 2022
2024: €15k▲ +5.9% vs 2023
2025: €8k▼ -45.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€-7k
2024 · €129
2018: €602
2019: €3k▲ +402% vs 2018
2020: €-4k▼ -239% vs 2019
2021: €-12k▼ -190% vs 2020lowest in 8 years
2022: €17k▲ +239% vs 2021highest in 8 years
2023: €-11k▼ -167% vs 2022
2024: €129▲ +101% vs 2023
2025: €-7k▼ -5657% vs 2024
2018 → 2025
Working capital
€5k▼ 44.0%
2024 · €9k
2018: €22k
2019: €23k▲ +1.5% vs 2018highest value
2020: €19k▼ -18.1% vs 2019
2021: €5k▼ -73.9% vs 2020lowest value
2022: €12k▲ +156% vs 2021
2024: €9k
2025: €5k▼ -44.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€25k▲ 206%€14k▼ 44.8%€14k▲ 0.9%€7k▼ 51.1%
2021: €8k
2022: €25k▲ +206% vs 2021highest in 5 years
2023: €14k▼ -44.8% vs 2022
2024: €14k▲ +0.9% vs 2023
2025: €7k▼ -51.1% vs 2024lowest in 5 years
Operating result€-12k-€17k€-11k€667€-7k
2021: €-12klowest in 5 years
2022: €17k▲ +245% vs 2021highest in 5 years
2023: €-11k▼ -161% vs 2022
2024: €667▲ +106% vs 2023
2025: €-7k▼ -1108% vs 2024
Net result€-12k-€17k€-11k€129€-7k
2021: €-12klowest in 5 years
2022: €17k▲ +239% vs 2021highest in 5 years
2023: €-11k▼ -167% vs 2022
2024: €129▲ +101% vs 2023
2025: €-7k▼ -5657% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €667 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8k
Fixed assets
€2k ▼ 64.0%
Current assets
€6k ▼ 36.5%
Equity and liabilities €8k
Equity
€7k ▼ 51.1%
Debt
€1k ▲ 46.5%
Debt's share of the balance-sheet total rises from 5.5% to 14.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €4k
Cash flow
€-4k▼
2024 · €4k
Current ratio
5.23▼
2024 · 12.07
Debt to equity
0.18▲
2024 · 0.06
ROE
-104.3%▼
2024 · 0.9%
ROA
-88.7%▼
2024 · 0.9%
Interest coverage
-8.37▼
2024 · 8.30
Debt ≤ 1 year
€1k▲
2024 · €822
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15k€8k▼
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€5k€2k▼
Plant, machinery and equipment23€2k€159▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€10k€6k▼
Amounts receivable within one year40/41€1k€1k▼
Trade receivables40€467€267▼
Other amounts receivable41€859€961▲
Cash at bank and in hand54/58€8k€5k▼
Deferred charges and accrued income490/1€635€514▼
Equity and liabilities
Total equity and liabilities10/49€15k€8k▼
Equity10/15€14k€7k▼
Contributions10/11€6k€6k=
Reserves13€19k€19k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€-11k€-18k▼
Amounts payable17/49€822€1k▲
Amounts payable within one year42/48€822€1k▲
Other amounts payable47/48€822€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€813€585▼
Gross operating margin9900€5k€-3k▼
Operating profit (loss)9901€667€-7k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€539€428▼
Recurring financial charges65€539€428▼
Profit (loss) for the period before taxes9903€129€-7k▼
Profit (loss) for the period9904€129€-7k▼
Profit (loss) for the period to be appropriated9905€129€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-18k▼
Profit (loss) brought forward from the previous period14P€-11k€-11k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €23k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €4k | €4k | €3k | ▼ 17.2% |
| Other operating charges640/8 | €814 | €1k | €1k | €813 | €585 | ▼ 28.0% |
| Gross operating margin9900 | €-10k | €20k | €-5k | €5k | €-3k | ▼ 157% |
| Operating profit (loss)9901 | €-12k | €17k | €-11k | €667 | €-7k | ▼ 1,108% |
| Financial income75/76B | €1 | €0 | €0 | - | €0 | - |
| Recurring financial income75 | €1 | €0 | €0 | - | €0 | - |
| Financial charges65/66B | €119 | €544 | €665 | €539 | €428 | ▼ 20.5% |
| Recurring financial charges65 | €119 | €544 | €665 | €539 | €428 | ▼ 20.5% |
| Profit (loss) for the period before taxes9903 | €-12k | €17k | €-11k | €129 | €-7k | ▼ 5,657% |
| Profit (loss) for the period9904 | €-12k | €17k | €-11k | €129 | €-7k | ▼ 5,657% |
| Profit (loss) for the period to be appropriated9905 | €-12k | €17k | €-11k | €129 | €-7k | ▼ 5,657% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9k | €27k | €14k | €15k | €8k | ▼ 45.6% |
| Fixed assets21/28 | €3k | €13k | €8k | €5k | €2k | ▼ 64.0% |
| Tangible fixed assets22/27 | €3k | €13k | €8k | €5k | €2k | ▼ 64.0% |
| Plant, machinery and equipment23 | €2k | €8k | €5k | €2k | €159 | ▼ 93.4% |
| Furniture and vehicles24 | €1k | €4k | €3k | €3k | €2k | ▼ 36.3% |
| Current assets29/58 | €6k | €14k | €6k | €10k | €6k | ▼ 36.5% |
| Amounts receivable within one year40/41 | €1k | €6k | €3k | €1k | €1k | ▼ 7.4% |
| Trade receivables40 | €121 | €4k | €2k | €467 | €267 | ▼ 42.8% |
| Other amounts receivable41 | €1k | €2k | €1k | €859 | €961 | ▲ 11.9% |
| Cash at bank and in hand54/58 | €4k | €7k | €2k | €8k | €5k | ▼ 42.8% |
| Deferred charges and accrued income490/1 | €247 | €515 | €61 | €635 | €514 | ▼ 19.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9k | €27k | €14k | €15k | €8k | ▼ 45.6% |
| Equity10/15 | €8k | €25k | €14k | €14k | €7k | ▼ 51.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €14k | €19k | €19k | €19k | €19k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €12k | €17k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-12k | - | €-11k | €-11k | €-18k | ▼ 64.1% |
| Amounts payable17/49 | €1k | €1k | €120 | €822 | €1k | ▲ 46.5% |
| Amounts payable within one year42/48 | €1k | €1k | - | €822 | €1k | ▲ 46.5% |
| Other amounts payable47/48 | €1k | €1k | - | €822 | €1k | ▲ 46.5% |
| Accrued charges and deferred income492/3 | - | - | €120 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €17k | €-11k | €129 | €-7k | ▼ 5,657% |
| + Depreciation and write-downs630 | €1k | €2k | €4k | €4k | €3k | ▼ 17.2% |
| Operating cash flow (approximation) | €-11k | €19k | €-7k | €4k | €-4k | ▼ 202% |
| Investment in fixed assets (approximation) | - | €-11k | €0 | €-318 | €0 | ▲ 100.0% |
| Change in cash | - | €3k | €-5k | €6k | €-3k | ▼ 158% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €129
Net result €129 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 10current ratio 47.96
Current ratio from 4.66 to 47.96; short-term debt falls from €6k to €486.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State 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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Directors · office · real estate
Directors
3 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, Essen · 1 establishment unit since 2004
Ground area
858 m²
Building footprint
99 m²
Volume, LiDAR
485 m³
Parcel 11642D0759/00K018, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Devriendt Michael
since 20042.135.419.564
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0759/00K018 | Flanders | 858 m² | 1 · 99 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 4,019 companies in sector 43310 we hold annual accounts for 1,746. 902 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
Scores and ratios are computed by Checked and are not a credit decision.