DEVROUX
InactiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 38 filings
Turnover
≈ €150,000
Estimated: probably between €61,000 and €360,000
Total assets
€13,442▼ 44.9%
2024 · €24,410
Net result
€10,689▲ 6.4%
2024 · €10,049
Working capital
-€14,771▲ 39.8%
2024 · -€24,545
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€15,799
▲ 17.3%
2025
20182025
Net result
€10,689
▲ 6.4%
2025
20182025
Equity
-€4,582
▲ 70.0%
2025
20182025
Total assets
€13,442
▼ 44.9%
2025
20182025
Debt
€18,024
▼ 54.6%
2025
20182025
Working capital
-€14,771
▲ 39.8%
2025
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€14,963-€4,581▼ 69.4%-€6,979€10,718€6,080▼ 43.3%€4,691▼ 22.9%€13,463▲ 187%€15,799▲ 17.3%
Net result€13,131-€2,358▼ 82.0%-€7,947€8,094€5,493▼ 32.1%€2,074▼ 62.2%€10,049▲ 385%€10,689▲ 6.4%
Equity-€35,393--€33,034▲ 6.7%-€40,981▼ 24.1%-€32,887▲ 19.8%-€27,394▲ 16.7%-€25,320▲ 7.6%-€15,271▲ 39.7%-€4,582▲ 70.0%
Total assets€42,076-€23,106▼ 45.1%€10,275▼ 55.5%€35,450▲ 245%€52,965▲ 49.4%€29,117▼ 45.0%€24,410▼ 16.2%€13,442▼ 44.9%
Debt€77,469-€56,141▼ 27.5%€51,257▼ 8.7%€68,338▲ 33.3%€80,359▲ 17.6%€54,437▼ 32.3%€39,681▼ 27.1%€18,024▼ 54.6%
Working capital-€46,657--€38,556▲ 17.4%-€43,231▼ 12.1%-€38,545▲ 10.8%-€48,820▼ 26.7%-€35,980▲ 26.3%-€24,545▲ 31.8%-€14,771▲ 39.8%
Staff (FTE)4.5-4.3▼ 4.4%3.4▼ 20.9%3▼ 11.8%2▼ 33.3%1.4▼ 30.0%0.5▼ 64.3%
The operating result for 2025 is 17% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13,442
Fixed assets
€10,575 ▼ 27.9%
Current assets
€2,867 ▼ 70.6%
Equity and liabilities
Equity-€4,582
Debt€18,024
Equity is negative. Debt (€18,024) exceeds the balance-sheet total (€13,442).
Key figures and ratios
EBITDA
€19,890▼
2024 · €19,912
Cash flow
€14,780▼
2024 · €16,498
Solvency
-34.1%▲
2024 · -62.6%
Current ratio
0.16▼
2024 · 0.28
Quick ratio
0.10▼
2024 · 0.14
ROA
79.5%▲
2024 · 41.2%
Interest coverage
9.30▲
2024 · 6.11
Debt ≤ 1 year
€17,637▼
2024 · €34,289
Income taxes
€2,982▲
2024 · €156
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 1 | - |
| full-time | 3 | 2 | 1 | - |
| in full-time equivalents | 3 | 2 | 1 | - |
| Average over the year, in full-time equivalents | 3 | 2 | 1.4 | 0.5 |
| On a permanent contract | 2 | 1 | 1 | - |
| Joined | - | 0 | 0 | 1 |
| Left | - | 1 | 1 | 2 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,580 | €20,745 | - | - | - |
| Intangible fixed assets | - | €5,729 | - | - | - |
| Depreciation and write-downs of the year | €1,459 | €7,621 | €6,448 | €6,448 | €4,091 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €7,437 | €12,477 | €19,404 | €7,489 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,459 | €8,774 | €1,864 | €1,459 | €7,621 | €6,448 | €6,448 | €4,091 | ▼ 36.6% |
| Other operating charges640/8 | - | - | - | €3,614 | €3,723 | €2,055 | €1,657 | €1,673 | ▲ 1.0% |
| Gross operating margin9900 | €84,582 | €71,700 | €15,831 | €23,228 | €29,902 | €32,598 | €29,058 | €21,563 | ▼ 25.8% |
| Operating profit (loss)9901 | €14,963 | €4,581 | -€6,979 | €10,718 | €6,080 | €4,691 | €13,463 | €15,799 | ▲ 17.3% |
| Financial income75/76B | - | - | - | €0 | €1,457 | €1 | - | €10 | - |
| Recurring financial income75 | €1 | €1 | €800 | €0 | €1,457 | €1 | - | €10 | - |
| Financial charges65/66B | - | - | - | €2,528 | €1,924 | €2,459 | €3,258 | €2,138 | ▼ 34.4% |
| Recurring financial charges65 | €1,718 | €2,112 | €1,666 | €2,528 | €1,924 | €2,459 | €3,258 | €2,138 | ▼ 34.4% |
| Profit (loss) for the period before taxes9903 | €13,245 | €2,470 | -€7,844 | €8,190 | €5,613 | €2,233 | €10,205 | €13,671 | ▲ 34.0% |
| Income taxes67/77 | €114 | €111 | €102 | €96 | €120 | €159 | €156 | €2,982 | ▲ 19× |
| Profit (loss) for the period9904 | €13,131 | €2,358 | -€7,947 | €8,094 | €5,493 | €2,074 | €10,049 | €10,689 | ▲ 6.4% |
| Profit (loss) for the period to be appropriated9905 | €13,131 | €2,358 | -€7,947 | €8,094 | €5,493 | €2,074 | €10,049 | €10,689 | ▲ 6.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €42,076 | €23,106 | €10,275 | €35,450 | €52,965 | €29,117 | €24,410 | €13,442 | ▼ 44.9% |
| Fixed assets21/28 | €16,773 | €8,000 | €6,136 | €18,257 | €37,108 | €21,114 | €14,666 | €10,575 | ▼ 27.9% |
| Intangible fixed assets21 | - | - | - | - | €4,672 | €2,762 | €853 | - | - |
| Tangible fixed assets22/27 | €16,128 | €7,355 | €5,491 | €17,612 | €31,790 | €17,707 | €13,168 | €9,930 | ▼ 24.6% |
| Plant, machinery and equipment23 | - | - | - | €269 | €7,194 | €5,394 | €3,593 | €1,793 | ▼ 50.1% |
| Furniture and vehicles24 | - | - | - | - | €9,545 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €17,343 | €15,052 | €12,313 | €9,575 | €8,137 | ▼ 15.0% |
| Financial fixed assets28 | €645 | €645 | €645 | €645 | €645 | €645 | €645 | €645 | = |
| Current assets29/58 | €25,303 | €15,107 | €4,139 | €17,193 | €15,857 | €8,003 | €9,744 | €2,867 | ▼ 70.6% |
| Stocks and contracts in progress3 | €8,524 | €5,542 | €723 | €5,168 | €10,945 | €4,809 | €4,934 | €1,141 | ▼ 76.9% |
| Stocks30/36 | - | - | - | €5,168 | €10,945 | €4,809 | €4,934 | €1,141 | ▼ 76.9% |
| Amounts receivable within one year40/41 | €5,513 | €9,124 | €2,128 | €638 | €2,170 | €2,990 | €3,060 | €429 | ▼ 86.0% |
| Trade receivables40 | - | - | - | €70 | €1,159 | €2,228 | €2,699 | - | - |
| Other amounts receivable41 | - | - | - | €568 | €1,011 | €762 | €361 | €429 | ▲ 18.8% |
| Cash at bank and in hand54/58 | €10,137 | - | €839 | €10,935 | €2,325 | - | €1,553 | €1,288 | ▼ 17.1% |
| Deferred charges and accrued income490/1 | - | - | - | €452 | €418 | €204 | €196 | €8 | ▼ 95.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €42,076 | €23,106 | €10,275 | €35,450 | €52,965 | €29,117 | €24,410 | €13,442 | ▼ 44.9% |
| Equity10/15 | -€35,393 | -€33,034 | -€40,981 | -€32,887 | -€27,394 | -€25,320 | -€15,271 | -€4,582 | ▲ 70.0% |
| Contributions10/11 | €64,452 | €64,452 | €64,452 | €64,452 | €64,452 | €64,452 | €64,452 | €64,452 | = |
| Capital10 | - | - | - | €64,452 | €64,452 | €64,452 | €64,452 | €64,452 | = |
| Issued capital100 | - | - | - | €64,452 | €64,452 | €64,452 | €64,452 | €64,452 | = |
| Reserves13 | €9,878 | €9,878 | €9,878 | €9,878 | €9,878 | €9,878 | €9,878 | €9,878 | = |
| Non-distributable reserves130/1 | - | - | - | €6,445 | €6,445 | €6,445 | €6,445 | €6,445 | = |
| Legal reserve130 | - | - | - | €6,445 | €6,445 | €6,445 | €6,445 | €6,445 | = |
| Distributable reserves133 | - | - | - | €3,433 | €3,433 | €3,433 | €3,433 | €3,433 | = |
| Profit (loss) carried forward14 | -€109,723 | -€107,365 | -€115,312 | -€107,218 | -€101,725 | -€99,651 | -€89,601 | -€78,912 | ▲ 11.9% |
| Amounts payable17/49 | €77,469 | €56,141 | €51,257 | €68,338 | €80,359 | €54,437 | €39,681 | €18,024 | ▼ 54.6% |
| Amounts payable after more than one year17 | €5,456 | €2,197 | €3,832 | €12,543 | €15,423 | €10,218 | €4,927 | - | - |
| Financial debts170/4 | - | - | - | €12,543 | €15,423 | €10,218 | €4,927 | - | - |
| Amounts payable within one year42/48 | €71,959 | €53,662 | €47,370 | €55,738 | €64,677 | €43,982 | €34,289 | €17,637 | ▼ 48.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,405 | €5,484 | €5,205 | €5,291 | €4,927 | ▼ 6.9% |
| Financial debts43 | - | - | - | - | - | €3,037 | €11,151 | - | - |
| Other loans439 | - | - | - | - | - | €3,037 | €11,151 | - | - |
| Trade debts44 | €15,681 | €5,170 | €8,214 | €4,909 | €1,183 | €3,074 | €728 | €845 | ▲ 16.1% |
| Suppliers440/4 | - | - | - | €4,909 | €1,183 | €3,074 | €728 | €845 | ▲ 16.1% |
| Taxes, remuneration and social security45 | - | - | - | €10,215 | €8,878 | €6,717 | €1,533 | €4,138 | ▲ 170% |
| Taxes450/3 | - | - | - | €1,515 | €3,653 | €1,762 | €1,155 | €4,123 | ▲ 257% |
| Remuneration and social security454/9 | - | - | - | €8,700 | €5,225 | €4,955 | €378 | €15 | ▼ 96.1% |
| Other amounts payable47/48 | - | - | - | €34,209 | €49,133 | €25,949 | €15,586 | €7,728 | ▼ 50.4% |
| Accrued charges and deferred income492/3 | - | - | - | €57 | €259 | €237 | €465 | €387 | ▼ 16.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,131 | €2,358 | -€7,947 | €8,094 | €5,493 | €2,074 | €10,049 | €10,689 | ▲ 6.4% |
| + Depreciation and write-downs630 | €9,459 | €8,774 | €1,864 | €1,459 | €7,621 | €6,448 | €6,448 | €4,091 | ▼ 36.6% |
| Operating cash flow (approximation) | €22,590 | €11,132 | -€6,083 | €9,553 | €13,115 | €8,522 | €16,498 | €14,780 | ▼ 10.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€13,580 | -€26,472 | €9,545 | €0 | €0 | - |
| Change in cash | - | - | - | €10,095 | -€8,610 | - | - | -€265 | - |
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 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 20-07-2026 | 2026-00319260 | |
| 31-12-2024 | micro format | 24-09-2025 | 2025-00503341 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00442376 | |
| 31-12-2022 | micro format | 18-08-2023 | 2023-00341945 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20364961 | |
| 31-12-2020 | micro format | 23-07-2021 | 2021-38900168 | |
| 31-12-2019 | micro format | 07-08-2020 | 2020-39800317 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57300144 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-51500244 | |
| 31-12-2016 | micro format | 11-08-2017 | 2017-42800083 |