Equity
Equity rose in 2025 from €218,672 to €292,808.
Equity rose in 2025 from €218,672 to €292,808.
The accounts state no turnover.
Debts rose by €141,573 in 2025.
Green is investment, beige is depreciation.
Latest accounts filed late: after the legal deadline.
A confirmed filing finding caps the score at 59.
The dashed line is the sector median: 0.1% across 25,925 companies (NACE 62, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 30% of them on solvency, 5% on liquidity, 38% on profitability and 73% on growth.
The bankruptcy probability was computed on 06-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
In July 2024, 6,782 companies had the same profile as DEVSOL CONSULTING has now. Each dot stands for 17 companies, two years later.
The bankruptcy probability of DEVSOL CONSULTING itself is higher: 1.3% within 12 months. It rests on far more data about DEVSOL CONSULTING than the profile alone.
The method was tested on the 497,447 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 6,782 companies, not a prediction for DEVSOL CONSULTING. 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.
Liquidity is insufficient, with a current ratio of 0.99 (0.91 in 2024), below 1. Short-term debt is 68.3% and cash 0.2% of total assets. 68.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 257 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DEVSOL CONSULTING Brussels | €0.9m | €215,807 | 31.7% | - |
| BELGAZ Schaerbeek | €0.9m | €225,427 | -1.6% | - |
| Frabercy BV Kraainem | €0.9m | €210,665 | 16.6% | - |
| BROEKX VASTGOED Genk | €0.8m | €237,155 | 91.0% | - |
| NoJo Tech Pont-à-Celles | €1.0m | €179,631 | 57.9% | - |
| Occepi Pont-à-Celles | €0.8m | €241,080 | 13.7% | - |
| Thimas Turnhout | €0.7m | €213,244 | 63.2% | - |
These companies have the same main activity as DEVSOL CONSULTING: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €683,000 and €1m, founded between 2021 and 2022.
DEVSOL CONSULTING files the abbreviated format. That format states no turnover. The gross margin rose from €191,285 in 2023 to €215,807 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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.
Turnover ≈ €490,000. Estimated: probably between €330,000 and €1.0m.
Higher than 38% of 3,399 companies in 2025.
Higher than 23% of 3,261 companies in 2025.
Higher than 51% of 3,309 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
924,453 | 708,744 | 704,349 | |
21/28 |
297,000 | 263,750 | 133,000 | |
21 |
297,000 | 263,750 | - | |
22/27 |
- | - | 133,000 | |
22 |
- | - | 133,000 | |
29/58 |
627,453 | 444,994 | 571,349 | |
40/41 |
625,834 | 443,812 | 571,081 | |
40 |
338,908 | 245,481 | 411,105 | |
41 |
286,926 | 198,332 | 159,975 | |
54/58 |
1,619 | 1,181 | 268 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
924,453 | 708,744 | 704,349 | |
10/15 |
292,808 | 218,672 | 132,093 | |
14 |
292,808 | 218,672 | 132,093 | |
17/49 |
631,645 | 490,072 | 572,256 | |
42/48 |
631,645 | 490,072 | 572,256 | |
44 |
504,929 | 413,830 | 534,891 | |
440/4 |
504,929 | 413,830 | 534,891 | |
45 |
126,717 | 76,242 | 37,364 | |
450/3 |
106,802 | 66,471 | 37,364 | |
454/9 |
19,914 | 9,770 | - | |
| Income statement | ||||
9900 |
215,807 | 188,416 | 191,285 | |
62 |
106,256 | 65,250 | 14,221 | |
630 |
16,750 | 14,250 | 7,596 | |
640/8 |
70 | 50 | - | |
9901 |
92,731 | 108,867 | 169,468 | |
65/66B |
61 | 95 | 11 | |
65 |
61 | 95 | 11 | |
9903 |
92,670 | 108,772 | 169,457 | |
67/77 |
18,534 | 22,193 | 37,364 | |
9904 |
74,136 | 86,579 | 132,093 | |
9905 |
74,136 | 86,579 | 132,093 | |
| Appropriation of the result | ||||
9906 |
292,808 | 218,672 | 132,093 | |
14P |
218,672 | 132,093 | - | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 123 days after the deadline. Filed on 31 August 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00506557.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 109,481 | 123,117 | 177,064 | ||
| 90,886 | 100,829 | 139,689 | ||
| 50,000 | 145,000 | 140,596 | ||
| 438 | 913 | - | ||
| -4,192 | -45,078 | -907 | ||
| 31.7% | 30.9% | 18.8% | ||
| 0.99 | 0.91 | 1.00 | ||
| 2.16 | 2.24 | 4.33 | ||
| 25.3% | 39.6% | 100.0% | ||
| 8.0% | 12.2% | 18.8% | ||
| over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 |
|---|---|---|---|
| Tangible fixed assets | - | - | €140,000 |
| Intangible fixed assets | €50,000 | €145,000 | €596 |
| €16,750 | €14,250 | €7,596 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 15% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 69.1% to 68.3%. Equity and debt are higher.
DEVSOL CONSULTING has no parent and no holdings in its annual accounts. AZOUD Said is the only director.
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The network starts from the earlier ties.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 19 October 2021, DEVSOL CONSULTING was incorporated as a private limited company by one natural person, with a starting capital of €4,000.12 In 2024 the registered office moved to Brussels.3 AZOUD Said has served as director since 2021.4 Total assets went from €704,349 in 2023 to €924,453 in 2025.5 The company was declared bankrupt on 20 April 2026.6
| Establishment | Since | Unit number |
|---|---|---|
| Dieudonné Lefèvrestraat 17 registered office 1020 Brussels | 19-10-2021 | 2.324.760.990 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21815D0297/00G004 | 8,221 m² | 1 · 5,857 m² | 15.0 m · 3 |
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