Equity
-€1.1m
Debts exceed assets in financial year 2025.
DEVUMO
Overview
Lifetime
3 annual accounts with figures on one time axispeak €256,514 (2025)
€256,514▲ 23.8%
lowest -€1.0m (2023)
-€1,799▲ €46,618
peak -€1.0m (2023)
-€1.1m▼ €1,799
€7.9m▼ 0.8%
Board2 names since 2021
2 directorsBRAL Sabine Elza Maria and 1 other
Documentsfilings and deeds
28-11-202564 days before the deadline
2025micro format
Gross margin from €207,282 to €256,514Loss of €1,799Cash from €12,493 to €21,770
Key points
from the 2025 annual accountsLosses
-€1.1m in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Turnover
≈ €290,000 estimated
The accounts state no turnover.
Debts
€7.9m 116% of the balance sheet
Financial debts 65%Suppliers 0%Taxes and wages 0%Other 35%
Of this, €2.8m falls due within a year.
Investments
€63,601 0.4 × depreciation
Green is investment, beige is depreciation.
Position in the sector
-€1.1m
Less equity than 95% of companies in real estate. Sector median €73,060 · 17,215 companies.
Checked score
54
Fair
Financially stronger than 28% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%highest value
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.5%▼ -0.2 percentage points vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.4%▼ -0.1 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.5%▲ +0.1 percentage points vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.02, cash €21,770
Negative equity -€1.1m
lowers risk
Size: total assets €6.8m
Sector: Real estate activities (NACE 68)
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, small). It does better than 4% of them on solvency, 25% on liquidity, 42% on profitability and 42% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 111 companies had the same profile as DEVUMO has now. Each dot is one company, two years later.
96.4%
were still trading
2.7%
stopped another way
0.0%
went bankrupt
Another 0.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DEVUMO itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,448 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 111 companies, not a prediction for DEVUMO. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.02 (0.01 in 2024), below 1. Short-term debt is 40.7% and cash 0.3% of total assets. Equity is negative.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€1.1m
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-11-2025, 64 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
64 days early
2024
29 days early
2023
6 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 33 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)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 January (3 of the last 3 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Board and ownership
- DE VUYST Jos Auguste Paula 1,000 sharesdeed of 16-08-2021
- BRAL Sabine Elza Maria 1,000 sharesdeed of 16-08-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0772501664
Incorporation
Founding capital of €2,000, 2,000 shares · Founders: DE VUYST Jos Auguste Paula and BRAL Sabine Elza Maria · Appointments: DE VUYST Jos Auguste Paula (director) and BRAL Sabine Elza Maria (director) · published on 16-08-2021 · Gazette deed
First establishment
Sparrendreef 6/A, Knokke-Heist
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DEVUMO Knokke-Heist | €6.8m | €256,514 | -15.7% | - |
| TSITE Tessenderlo-Ham | €6.3m | €311,363 | -0.1% | - |
| FEARIMMO Woluwe-Saint-Pierre | €6.0m | €230,297 | 41.2% | - |
| HERMESSE IMMO Oupeye | €6.0m | €300,070 | 17.4% | - |
| WINCHILL Knokke-Heist | €8.6m | €287,047 | 20.6% | 0.8 |
| Fieldstone Knokke-Heist | €9.0m | €364,515 | 15.0% | - |
| 28 ESTATE Bruges | €6.0m | €315,265 | 48.1% | - |
These companies have the same main activity as DEVUMO: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €6m and €9m, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 12-08-2021Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.349.411.0668300 Knokke-Heist, since 12-08-2021
- Financial year end
- 30 June
- Peppol
- Reachable since 19-12-2025
Annual accounts to 30-06-2025
- €256,514▲ 23.8%
- €1,799▼ 96.3%
- -€1.1m▼ 0.2%
- €6.8m▼ 0.9%
- Filing
- Filed on 28-11-2025, 64 days before the end of the filing period
Insights on DEVUMO
DEVUMO files the micro format. That format states no turnover. The gross margin rose from €249,818 in 2023 to €256,514 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-11-2025, 64 days before the deadline€256,514
▲ 23.8%
€82,134
▲ 112%
-€1,799
▲ €46,618
-€2.7m
▼ €32,320
-15.7%
▼ 0.2 percentage points
0.02
▲ 0.01
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 ≈ €290,000. Estimated: probably between €260,000 and €330,000.
Balance sheet
balance sheet total €6.8m on 30-06-2025What the company ownsHow it is paid for
in €m
in euro
Position in the sector
-15.7%
Higher than 10% of 17,199 companies in 2025.
0.02
Lower than 95% of 16,496 companies in 2025.
0.0%
Higher than 37% of 16,875 companies in 2025.
DEVUMO
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: middle half · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
6.8m | 6.8m | 7.0m | |
21/28 |
6.7m | 6.8m | 7.0m | |
22/27 |
6.7m | 6.8m | 7.0m | |
22 |
6.7m | 6.8m | 7.0m | |
29/58 |
52,752 | 16,768 | 19,664 | |
40/41 |
16,553 | - | - | |
40 |
16,553 | - | - | |
54/58 |
21,770 | 12,493 | 16,296 | |
490/1 |
14,429 | 4,275 | 3,367 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
6.8m | 6.8m | 7.0m | |
10/15 |
-1.1m | -1.1m | -1.0m | |
10/11 |
2,000 | 2,000 | 2,000 | |
14 |
-1.1m | -1.1m | -1.0m | |
17/49 |
7.9m | 7.9m | 8.0m | |
17 |
5.1m | 5.2m | 5.4m | |
170/4 |
5.1m | 5.2m | 5.4m | |
42/48 |
2.8m | 2.7m | 2.6m | |
42 |
177,385 | 151,327 | 151,358 | |
44 |
27,710 | 4,980 | 6,196 | |
440/4 |
27,710 | 4,980 | 6,196 | |
45 |
50 | 478 | 85 | |
450/3 |
50 | 478 | 85 | |
47/48 |
2.6m | 2.5m | 2.5m | |
| Income statement | ||||
9900 |
256,514 | 207,282 | 249,818 | |
630 |
161,429 | 156,527 | 1.2m | |
640/8 |
12,951 | 12,040 | 8,683 | |
9901 |
82,134 | 38,715 | -916,885 | |
75/76B |
0 | 1 | - | |
75 |
0 | 1 | - | |
65/66B |
83,933 | 87,134 | 102,710 | |
65 |
83,933 | 87,134 | 102,710 | |
9903 |
-1,799 | -48,417 | -1.0m | |
9904 |
-1,799 | -48,417 | -1.0m | |
9905 |
-1,799 | -48,417 | -1.0m | |
| Appropriation of the result | ||||
9906 |
-1.1m | -1.1m | -1.0m | |
14P |
-1.1m | -1.0m | - | |
| Document | ||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-11-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 243,562 | 195,242 | 241,135 | ||
| 159,629 | 108,109 | 138,426 | ||
| 63,601 | 0 | 8.1m | ||
| 9,277 | -3,803 | - | ||
| -2.7m | -2.7m | -2.6m | ||
| -15.7% | -15.6% | -14.5% | ||
| 0.02 | 0.01 | 0.01 | ||
| 0.0% | -0.7% | -14.6% | ||
| 2.90 | 2.24 | 2.35 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 |
|---|---|---|---|
| Debts secured on the company's own assets | - | €2.4m | - |
| €2.7m | €2.7m | €2.7m | |
| Carrying value of the mortgaged assets | €6.7m | €6.8m | €7.0m |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 |
|---|---|---|---|
| Tangible fixed assets | €63,601 | - | €8.1m |
| €161,429 | €156,527 | €1.2m |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on DEVUMO
The operating result for 2025 is 112% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Equity is negative. Debt (€7.9m) exceeds the balance-sheet total (€6.8m).
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 16-08-2021
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 28-11-2025
Director (not named in the articles)
appointed by deed of 16-08-2021
term without a fixed end
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 28-11-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 16-08-2021
Mandates through the years
2 names, the dashed line is todayBRAL Sabine Elza Maria
Director (not named in the articles)
Director (not named in the articles)
DE VUYST Jos
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- BRAL Sabine Elza Maria
- Director (not named in the articles), from 12-08-2021 to date
- DE VUYST Jos
- Director (not named in the articles), from 12-08-2021 to date
Control
Founders
DE VUYST Jos Auguste Paula, BRAL Sabine Elza Maria
This company
DEVUMO
Equity -€1.1m
Loss €1,799 in 2025
Capital
- Contribution
- €2,000
- Shares
- 2,000
- Contribution per share
- €1
- Equity per share
- -€534 in 2025
- Source
- deed of 16-08-2021
Articles of association
deed of 16-08-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of November at 16:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 16-08-2021 ↗
- DE VUYST Jos Auguste Paula 1,000 shares (50%) · €1,000
- BRAL Sabine Elza Maria 1,000 shares (50%) · €1,000
Network & group
No group
DEVUMO has no parent and no holdings in its annual accounts.
At the same address
Sparrendreef 6A, 8300 Knokke-Heist · 1 other company| DEVUMA
establishment since 25-04-1995 · founded in 1995 |
total assets €29.7m (2025) 0454.949.103 |
Earlier ties
| INTERNATIONALE LUCHTHAVEN KORTRIJK-WEVELGEM via DE VUYST Jos, no longer at INTERNATIONALE LUCHTHAVEN KORTRIJK-WEVELGEM · Director · deed of 26-11-2019 founded in 2015 |
16 FTE (2025) |
Connections & network
2 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
DEVUMA
Founded in 1995 · total assets €29.7m (2025)
→
FEDERATION EUROPEENNE DE LA MANUTENTION
via DE VUYST Jos · Director · deed of 12-11-2024
Founded in 2005 · total assets €678,970 (2025)
→
Timeline
Timeline
6 events since 2021Filings
Establishments
202220242026
Deadline for the 2026 accounts: 31-01-2027
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0772501664
Annual accounts 2025 filed PDFmicro format · 64 days before the deadline
Annual accounts 2024 filed PDFabbreviated format · 29 days before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · 6 days before the deadline
2021
IncorporationFounding capital of €2,000, 2,000 shares · Founders: DE VUYST Jos Auguste Paula and BRAL Sabine Elza Maria · Appointments: DE VUYST Jos Auguste Paula (director) and BRAL Sabine Elza Maria (director) · published on 16-08-20217 points ▸
- Founder, DE VUYST Jos Auguste Paula (comparant)
- Founder, BRAL Sabine Elza Maria (comparant)
- Founding capital, €2,000, 2,000 shares
- Registered office clause, Sparrendreef 6/A000, 8300 Knokke-Heist (Knokke)
- Board rule, 2
- Director appointment, DE VUYST Jos Auguste Paula (director (not named in the articles))
- Director appointment, BRAL Sabine Elza Maria (director (not named in the articles))
- The deed holds 4 more points.
First establishment Sparrendreef 6/A, Knokke-Heist
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0772.501.664
- VAT number
- BE 0772.501.664
- Peppol ID
- 0208:0772501664
- Other Peppol ID
- 0208:772501664
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-08-2021
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of November at 16:00deed of 16-08-2021 (in Dutch)
- Peppol
- Reachable since 19-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- DEVUMO in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 16-08-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 16-08-2021 (in Dutch)
Activities
NACEBEL 202568201
Renting and operating of own or leased residential real estate, excluding social housing main activity
Codes under NACEBEL 2008
68201
Real estate activities main activity
68203
Real estate rental
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het aanleggen, het oordeelkundig beheer en het uitbreiden van een roerend en onroerend vermogen,; Alle studies en operaties met betrekking…”deed of 16-08-2021 (in Dutch)
10 activities
- Het aanleggen, het oordeelkundig beheer en het uitbreiden van een roerend en onroerend vermogen,
- Alle studies en operaties met betrekking tot alle onroerende goederen en rechten en tot alle roerende goederen en rechten welke daaruit voortvloeien, zoals de aankoop, de bouw, de verbouwing, de aanpassing, de huur en de onderhuur, de ruiling, de verkoop, de verkaveling en, in het algemeen, alle operaties die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, voor zichzelf of voor anderen van alle bebouwde of onbebouwde onroerende eigendommen;
- De aankoop, verkoop en ruiling, het beheer en de valorisatie van alle verstelbare waardepapieren, aandelen, obligaties, staatsfondsen en van alle roerende goederen en rechten;
- Het stimuleren, de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen, waarin ze een participatie aanhoudt, het deelnemen aan hun beheer, bestuur en toezicht alsmede het verlenen van technische, administratieve en financiële bijstand aan deze vennootschappen en ondernemingen;
- De studie en de uitvoering van alle mogelijke particuliere en openbare bouwwerken, als algemene aannemer of in onderaanneming, het ontwerp en de bouw van alle mogelijke gebouwen en bouwsels, de studie en de uitvoering van binnen- en buitendecoraties;
- Alle mogelijke verrichtingen die rechtstreeks of onrechtstreeks verband houden met het onderhoud, de renovatie, het herstel, de verfraaiing, de vernieuwing en de modernisering van alle soorten kunstwerken en onroerende goederen en, algemeen genomen, alle verrichtingen die rechtsreeks of onrechtstreeks verband houden met openbare en particuliere bouwwerken;
- Het verstrekken van advies en bijstand, zowel technisch als administratief en commercieel, aan alle vennootschappen en ondernemingen voor alle mogelijke aangelegenheden met betrekking tot de sector van de onroerende goederen;
- Al de werkzaamheden met betrekking tot de verdeling van water, gas, elektriciteit enz., de vaststelling en exploitatie van alle mogelijke transportmiddelen, havens, kanalen, wegen, enz.;
- De aankoop, de verkoop, de huur, de invoer en de uitvoer van alle mogelijke materialen, goederen, toestellen en materieel, noodzakelijk voor de bouw, het onderhoud, het herstel en de vernieuwing van kunstwerken en gebouwen;
- De voorbereiding, de opstelling en de afsluiting, zowel als mandataris als voor eigen rekening, van alle mogelijke overeenkomsten voor openbare of particuliere werken of voor leveringen het uitvoeren van alle verrichtingen die daarmee verband houden.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Sparrendreef 6/A registered office 8300 Knokke-Heist | 12-08-2021 | 2.349.411.066 |
Buildings and parcels at the address
- Ground area
- 1,487 m²
- Buildings
- 324 m²
- Volume, LiDAR
- 1,112 m³
- Tallest building
- 23.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31332F0757/00B000 | 1,487 m² | 1 · 324 m² | 23.8 m |