DEVRIESE & PARTNERS
ActiveSummary
DEVRIESE & PARTNERS has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €403,433 and a net result of €125,566, of which €99,722 non-recurring income. Equity has been growing by about 8.3% per year since 2018. Its solvency ranks better than 47% of 11,259 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-06-2012 Normal situation
- Activity
- Buying and selling of own real estate NACE 68110and 6 others
- Establishment units
- 2.212.768.057 8670 Koksijde, since 18-06-2012
- 2.338.649.808 8691 Alveringem, since 02-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €248,669
- ▲ 88.6%
- Turnover
- ≈ €530,000
- estimated
- Profit
- €125,566
- ▲ 16×
- Equity
- €403,433
- ▲ 6.8%
- Total assets
- €1.4m
- ▼ 8.8%
Score breakdownraises risk2 establishment unitslowers riskSize: total assets €1.4mFigures for financial year 2025 (filed on 18-05-2026)Sector: Real estate activities (NACE 68)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 47% of them on solvency, 68% on liquidity, 74% on profitability and 62% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 67 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 18-05-2026 PDF all 13 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 164% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.2m | - | €1.1m | €1.0m | €858,515 |
| Mortgages, amount registered | €535,000 | €535,000 | €535,000 | €610,000 | €610,000 |
| Carrying value of the mortgaged assets | €1.5m | €1.5m | €1.4m | €1.4m | €1.2m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €279,262 | €7,752 | €7,725 | €890 | €17,147 |
| Financial fixed assets | €115 | - | €68,140 | - | - |
| Depreciation and write-downs of the year | €68,982 | €78,094 | €63,579 | €44,022 | €37,865 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €4,203 awarded · €4,203 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €3,444 | €3,444 |
| 2023 | 1 | €759 | €759 |
Comparable companies
These companies have the same main activity as DEVRIESE & PARTNERS: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €1.2m and €2.3m, founded between 2010 and 2013.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| DEVRIESE & PARTNERS Koksijde | 2012 | €1.4m | €0.4m | €0.2m | €0.1m | 0 | 2025 |
| BROUCKHOVEN Heers | 2013 | €1.3m | €1.1m | €0.2m | €0.06m | 0 | 2025 |
| ImmoBeHo Houthalen-Helchteren | 2012 | €1.8m | €0.9m | €0.2m | €0.04m | 0 | 2025 |
| ART & CRAFT INVEST Gent | 2010 | €1.7m | €0.8m | €0.3m | €0.1m | 0 | 2025 |
| EMTIMAX Waregem | 2010 | €1.8m | €1.4m | €0.2m | €0.2m | 0 | 2025 |
| STELIE Gistel | 2013 | €2.3m | €2.2m | €0.3m | €0.1m | 0 | 2025 |
| PatriNotas Gent | 2012 | €1.2m | €0.4m | €0.1m | €0.05m | 0 | 2025 |
They were chosen from the 5,832 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 2,609 companies had the same profile as DEVRIESE & PARTNERS has now. Two years later, 1.0% had gone bankrupt and 96.8% were still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of DEVRIESE & PARTNERS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 2,609 companies, not a prediction for DEVRIESE & PARTNERS. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €317,918 | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €10,885 | €0 | €19,087 | €34,000 | €99,722 | ▲ 193% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €205,732 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,791 | €43,885 | €44,031 | €68,982 | €78,094 | €63,579 | €44,022 | €37,865 | ▼ 14.0% |
| Other operating charges640/8 | - | - | €6,544 | €12,431 | €13,538 | €9,001 | €10,452 | €6,551 | ▼ 37.3% |
| Non-recurring operating charges66A | - | - | - | €20,811 | €0 | - | - | - | - |
| Gross operating margin9900 | €82,497 | €114,675 | €129,338 | €273,663 | €140,792 | €181,674 | €131,829 | €248,669 | ▲ 88.6% |
| Operating profit (loss)9901 | €68,620 | €55,140 | €78,763 | €171,440 | €49,160 | €109,094 | €77,355 | €204,253 | ▲ 164% |
| Financial income75/76B | - | - | €3,175 | €41 | €1,194 | €691 | €0 | €10 | ▲ 102× |
| Recurring financial income75 | €426 | €1,610 | €3,175 | €41 | €1,194 | €691 | €0 | €10 | ▲ 102× |
| Financial charges65/66B | - | - | €11,095 | €26,419 | €30,822 | €34,034 | €42,650 | €41,708 | ▼ 2.2% |
| Recurring financial charges65 | €10,935 | €17,383 | €11,095 | €26,419 | €30,822 | €34,034 | €42,650 | €41,708 | ▼ 2.2% |
| Profit (loss) for the period before taxes9903 | €58,111 | €39,367 | €70,843 | €145,061 | €19,531 | €75,751 | €34,705 | €162,555 | ▲ 368% |
| Income taxes67/77 | €20,522 | €16,775 | €27,416 | €45,048 | €15,593 | €29,206 | €27,068 | €36,989 | ▲ 36.7% |
| Profit (loss) for the period9904 | €37,590 | €22,592 | €43,427 | €100,012 | €3,939 | €46,545 | €7,638 | €125,566 | ▲ 16× |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €63,150 | - |
| Profit (loss) for the period to be appropriated9905 | €37,590 | €22,592 | €43,427 | €100,012 | €3,939 | €46,545 | €7,638 | €62,416 | ▲ 717% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.7m | €0.7m | €0.8m | €1.7m | €1.7m | €1.6m | €1.6m | €1.4m | ▼ 8.8% |
| Fixed assets21/28 | €0.03m | €0.7m | €0.7m | €1.6m | €1.5m | €1.5m | €1.5m | €1.3m | ▼ 13.2% |
| Tangible fixed assets22/27 | €0.03m | €0.7m | €0.7m | €1.6m | €1.5m | €1.4m | €1.4m | €1.2m | ▼ 13.9% |
| Land and buildings22 | - | - | €0.7m | €1.5m | €1.5m | €1.4m | €1.4m | €1.2m | ▼ 13.8% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.005m | €0.004m | €0.003m | €0.004m | ▲ 4.3% |
| Furniture and vehicles24 | - | - | €0.005m | €0.06m | €0.05m | €0.007m | €0.004m | €0.001m | ▼ 67.5% |
| Leasing and similar rights25 | - | - | €0.01m | - | - | - | - | - | - |
| Financial fixed assets28 | - | €1 | €0.05m | €115 | €115 | €0.07m | €0.07m | €0.07m | = |
| Current assets29/58 | €0.6m | €0.03m | €0.09m | €0.1m | €0.1m | €0.08m | €0.1m | €0.2m | ▲ 42.4% |
| Stocks and contracts in progress3 | €0.6m | - | - | - | - | - | - | €0.03m | - |
| Stocks30/36 | - | - | - | - | - | - | - | €0.03m | - |
| Amounts receivable within one year40/41 | €0.03m | €0.03m | €0.06m | €0.06m | €0.1m | €0.04m | €0.09m | €0.006m | ▼ 92.4% |
| Trade receivables40 | - | - | €0.04m | €0.03m | €0.05m | €0.03m | €0.04m | €382 | ▼ 99.0% |
| Other amounts receivable41 | - | - | €0.01m | €0.03m | €0.06m | €0.005m | €0.05m | €0.006m | ▼ 87.2% |
| Cash at bank and in hand54/58 | - | - | €0.03m | €0.05m | €0.02m | €0.04m | €0.03m | €0.1m | ▲ 312% |
| Deferred charges and accrued income490/1 | - | - | €0.005m | €0.008m | €0.006m | €0.01m | €0.006m | €0.006m | ▲ 7.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.7m | €0.7m | €0.8m | €1.7m | €1.7m | €1.6m | €1.6m | €1.4m | ▼ 8.8% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 6.8% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 9.2% |
| Tax-exempt reserves132 | - | - | - | - | - | - | - | €0.06m | - |
| Distributable reserves133 | - | - | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 13.5% |
| Profit (loss) carried forward14 | €311 | €0.001m | €37 | €37 | €37 | €37 | €37 | €37 | = |
| Amounts payable17/49 | €0.5m | €0.5m | €0.6m | €1.4m | €1.3m | €1.2m | €1.2m | €1.0m | ▼ 13.7% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.4m | €1.1m | €1.0m | €0.9m | €0.9m | €0.8m | ▼ 15.9% |
| Financial debts170/4 | - | - | €0.4m | €1.0m | €1.0m | €0.8m | €0.8m | €0.7m | ▼ 15.8% |
| Other amounts payable178/9 | - | - | - | €0.1m | €0.08m | €0.06m | €0.06m | €0.05m | ▼ 18.2% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 7.9% |
| Current portion of amounts payable after more than one year42 | - | - | €0.03m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 20.7% |
| Financial debts43 | - | - | - | €0.05m | €0.05m | €0.02m | €0.03m | €0.04m | ▲ 19.6% |
| Credit institutions430/8 | - | - | - | €0.05m | €0.05m | €0.02m | €0.03m | €0.04m | ▲ 19.6% |
| Trade debts44 | €0.01m | €0.009m | €0.03m | €0.05m | €0.03m | €0.05m | €0.1m | €0.08m | ▼ 18.9% |
| Suppliers440/4 | - | - | €0.03m | €0.05m | €0.03m | €0.05m | €0.1m | €0.08m | ▼ 18.9% |
| Advances received on contracts in progress46 | - | - | €0.03m | €0.003m | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €0.05m | €0.04m | €0.05m | €0.04m | €0.03m | €0.03m | ▼ 12.5% |
| Taxes450/3 | - | - | €0.05m | €0.03m | €0.05m | €0.04m | €0.03m | €0.03m | ▼ 12.5% |
| Remuneration and social security454/9 | - | - | €0.002m | €0.002m | €0 | €0.004m | €0 | - | - |
| Other amounts payable47/48 | - | - | €0.09m | €0.01m | €0.04m | €0.04m | €0.001m | €0.02m | ▲ 25× |
| Accrued charges and deferred income492/3 | - | - | €0.002m | €0.004m | €0.009m | €0.008m | €0.01m | €0.01m | ▲ 11.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,590 | €22,592 | €43,427 | €100,012 | €3,939 | €46,545 | €7,638 | €125,566 | ▲ 16× |
| + Depreciation and write-downs630 | €10,791 | €43,885 | €44,031 | €68,982 | €78,094 | €63,579 | €44,022 | €37,865 | ▼ 14.0% |
| Operating cash flow (approximation) | €48,381 | €66,477 | €87,458 | €168,994 | €82,033 | €110,124 | €51,660 | €163,431 | ▲ 216% |
| Investment in fixed assets (approximation) | - | -€712,124 | -€65,627 | -€948,040 | -€7,752 | -€29,693 | -€890 | €154,196 | - |
| Change in cash | - | - | - | €21,698 | -€27,531 | €17,767 | -€5,126 | €105,989 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 18-05-2026 | 2026-00112150 | |
| 31-12-2024 | abbreviated format | 19-05-2025 | 2025-00097569 | |
| 31-12-2023 | abbreviated format | 03-06-2024 | 2024-00104782 | |
| 31-12-2022 | micro format | 25-05-2023 | 2023-00094925 | |
| 31-12-2021 | abbreviated format | 23-06-2022 | 2022-20103279 | |
| 31-12-2020 | abbreviated format | 17-03-2021 | 2021-07800155 | |
| 31-12-2019 | abbreviated format | 06-07-2020 | 2020-26800385 | |
| 31-12-2018 | micro format | 16-04-2019 | 2019-10100073 | |
| 31-12-2017 | micro format | 30-03-2018 | 2018-09100028 | |
| 31-12-2016 | micro format | 27-06-2017 | 2017-21800166 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
DEVRIESE & PARTNERS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of DEVRIESE & PARTNERS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0846.654.206
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38010B0030/00B003 | Flanders | 850 m² | - | - |
| 38502F0724/00A000 | Flanders | 702 m² | 1 · 345 m² | 12.1 m · 3 |
| 38343A0784/00H002 | Flanders | 591 m² | 1 · 153 m² | 21.6 m · 1 |