DEVVAN
ActiveSummary
The computed 12-month bankruptcy probability of DEVVAN is 1.5% (moderate). The 2024 annual accounts show equity of €923,362 and a net result of €15,866. Equity remains stable across the filed fiscal years (±1.9% per year). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2024, abbreviated schema
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result returns to profit in 2024: €24,306 after a loss of €43,437 in 2023.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €19,830 | €210,269 | - | €44,958 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,927 | €32,628 | €37,562 | €32,275 | €74,097 | €21,429 | €14,037 | ▼ 34.5% |
| Other operating charges640/8 | - | - | - | €4,514 | €6,879 | €4,853 | €3,959 | ▼ 18.4% |
| Gross operating margin9900 | €891,770 | -€11,624 | -€14,069 | €28,826 | €200,448 | -€17,155 | €42,302 | ▲ 347% |
| Operating profit (loss)9901 | €822,321 | -€50,843 | -€54,872 | -€7,962 | €119,471 | -€43,437 | €24,306 | ▲ 156% |
| Financial income75/76B | - | - | - | €19,812 | €26,547 | €22,709 | €33,879 | ▲ 49.2% |
| Recurring financial income75 | €13,027 | €16,697 | €24,089 | €19,812 | €26,547 | €22,709 | €29,595 | ▲ 30.3% |
| Non-recurring financial income76B | - | - | - | - | - | - | €4,284 | - |
| Financial charges65/66B | - | - | - | €728 | €820 | €879 | €6,975 | ▲ 693% |
| Recurring financial charges65 | €8,286 | €232 | €466 | €728 | €820 | €879 | €6,975 | ▲ 693% |
| Profit (loss) for the period before taxes9903 | €827,062 | -€34,378 | -€31,249 | €11,122 | €145,198 | -€21,607 | €51,210 | ▲ 337% |
| Transfer from deferred taxes780 | - | - | - | €3,784 | €210,932 | - | - | - |
| Transfer to deferred taxes680 | - | - | - | €3,883 | - | - | - | - |
| Income taxes67/77 | €61 | €169 | €2,006 | €1,691 | €261,317 | €164 | €35,344 | ▲ 21,399% |
| Profit (loss) for the period9904 | €592,849 | -€27,333 | -€26,190 | €9,331 | €94,813 | -€21,771 | €15,866 | ▲ 173% |
| Transfer from tax-exempt reserves789 | - | - | - | €11,351 | €632,795 | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €11,650 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €21,833 | -€10,157 | -€4,999 | €9,032 | €727,608 | -€21,771 | €15,866 | ▲ 173% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €1.1m | €1.2m | €1.1m | €0.9m | ▼ 17.5% |
| Fixed assets21/28 | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.4m | ▼ 28.6% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.4m | ▼ 28.6% |
| Land and buildings22 | - | - | - | €0.6m | €0.6m | €0.6m | €0.4m | ▼ 28.0% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.006m | €0.001m | ▼ 89.7% |
| Current assets29/58 | €0.4m | €0.4m | €0.3m | €0.4m | €0.6m | €0.6m | €0.5m | ▼ 5.7% |
| Amounts receivable within one year40/41 | €0.4m | €0.2m | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 10.7% |
| Trade receivables40 | - | - | - | €0.002m | €0.007m | €0.007m | - | - |
| Other amounts receivable41 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 12.4% |
| Cash at bank and in hand54/58 | €0.08m | €0.1m | €0.05m | €0.02m | €0.2m | €0.08m | €79 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | - | - | €483 | €0.001m | €0.001m | €0.001m | ▼ 42.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €1.1m | €1.2m | €1.1m | €0.9m | ▼ 17.5% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | €0.9m | ▲ 1.7% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.7m | €0.7m | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | ▲ 2.1% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.6m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.06m | €0.8m | €0.8m | €0.8m | ▲ 2.1% |
| Profit (loss) carried forward14 | -€0.006m | -€0.02m | -€0.02m | -€0.01m | - | - | - | - |
| Provisions and deferred taxes16 | €0.3m | €0.3m | €0.2m | €0.2m | - | - | - | - |
| Deferred taxes168 | - | - | - | €0.2m | - | - | - | - |
| Amounts payable17/49 | €0.003m | €0.02m | €0.009m | €0.009m | €0.3m | €0.2m | €0.02m | ▼ 89.8% |
| Amounts payable within one year42/48 | €0.003m | €0.02m | €0.009m | €0.009m | €0.3m | €0.2m | €0.02m | ▼ 89.8% |
| Financial debts43 | - | - | - | - | - | - | €0.004m | - |
| Credit institutions430/8 | - | - | - | - | - | - | €0.004m | - |
| Trade debts44 | €0.003m | €0.02m | €0.007m | €0.005m | €0.01m | €0.005m | €0.007m | ▲ 20.4% |
| Suppliers440/4 | - | - | - | €0.005m | €0.01m | €0.005m | €0.007m | ▲ 20.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.3m | €0.2m | €0.01m | ▼ 93.9% |
| Taxes450/3 | - | - | - | €0.004m | €0.3m | €0.2m | €0.01m | ▼ 93.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €592,849 | -€27,333 | -€26,190 | €9,331 | €94,813 | -€21,771 | €15,866 | ▲ 173% |
| + Depreciation and write-downs630 | €53,927 | €32,628 | €37,562 | €32,275 | €74,097 | €21,429 | €14,037 | ▼ 34.5% |
| Operating cash flow (approximation) | €646,777 | €5,295 | €11,372 | €41,606 | €168,910 | -€343 | €29,904 | ▲ 8,829% |
| Investment in fixed assets (approximation) | - | -€77,987 | -€32,549 | €0 | €13,206 | -€28,488 | €155,042 | ▲ 644% |
| Change in cash | - | €54,482 | -€89,972 | -€29,016 | €161,894 | -€99,248 | -€82,158 | ▲ 17.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.