DEVVAN
ActiveSummary
DEVVAN has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €736,667. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 2293 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+44
Solvency39▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.51 in 2024; short-term debt: 16.4% and cash: 4.9% of total assets), and 86.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.7%
Return on assets
9.9%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192021232425
2018 to 2025 · latest year €1.0m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-04-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
5 d early
2023
20 d early
2021
22 d late
2020
31 d late
2019
119 d late
2018
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by total assets in Ichtegem, Administrative and support services sector#4 company by equity in Ichtegem, Administrative and support services sector
Equity
€1.0m▲ 265%
2024 · €277,990
Total assets
€7.4m▲ 80.3%
2024 · €4.1m
Net result
€736,667
2024 · -€101,253
Working capital
-€239,876▲ 48.1%
2024 · -€461,830
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202320242025
Operating result€62,029▼ 27.7%€40,302▼ 35.0%€451,768--€34,988€1.1m
Net result€12,605▼ 56.0%€12,585▼ 0.2%€254,787--€101,253€736,667
Equity€111,872▲ 12.7%€124,457▲ 11.2%€379,243-€277,990▼ 26.7%€1.0m▲ 265%
Total assets€2.9m▼ 7.9%€3.7m▲ 24.0%€4.9m-€4.1m▼ 15.8%€7.4m▲ 80.3%
Debt€2.8m▼ 8.6%€3.5m▲ 24.5%€4.5m-€3.8m▼ 14.9%€6.1m▲ 60.0%
Working capital-€65,049▲ 50.1%-€370,595▼ 470%-€138,846--€461,830▼ 233%-€239,876▲ 48.1%
Staff (FTE)0-00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1.1m after a loss of €34,988 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.4m
Fixed assets
€6.4m ▲ 77.6%
Current assets
€976,161 ▲ 100%
Equity and liabilities €7.4m
Equity
€1.0m ▲ 265%
Provisions
€261,157
Debt
€6.1m ▲ 60.0%
Debt's share of the balance-sheet total falls from 93.2% to 82.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.4m▲
2024 · €169,805
Cash flow
€1.0m▲
2024 · €103,539
Current ratio
0.80▲
2024 · 0.51
Debt to equity
6.05▼
2024 · 13.79
ROE
72.6%▲
2024 · -36.4%
ROA
9.9%▲
2024 · -2.5%
Interest coverage
11.70▲
2024 · 2.50
Debt ≤ 1 year
€1.2m▲
2024 · €949,148
Debt > 1 year
€4.9m▲
2024 · €2.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €109,415 | €159,567 | €201,014 | €204,793 | €294,950 | ▲ 44.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €615 | - |
| Other operating charges640/8 | - | €11,975 | €28,479 | €15,525 | €43,507 | ▲ 180% |
| Gross operating margin9900 | €184,380 | €211,844 | €681,262 | €185,330 | €1.5m | ▲ 686% |
| Operating profit (loss)9901 | €62,029 | €40,302 | €451,768 | -€34,988 | €1.1m | ▲ 3,296% |
| Financial income75/76B | - | - | €11,631 | €1,597 | €456 | ▼ 71.5% |
| Recurring financial income75 | - | - | €11,631 | €1,597 | €456 | ▼ 71.5% |
| Financial charges65/66B | - | €27,717 | €116,063 | €67,862 | €120,833 | ▲ 78.1% |
| Recurring financial charges65 | €49,423 | €27,717 | €116,063 | €67,862 | €120,833 | ▲ 78.1% |
| Profit (loss) for the period before taxes9903 | €12,605 | €12,585 | €347,336 | -€101,253 | €997,823 | ▲ 1,085% |
| Transfer from deferred taxes780 | - | - | - | - | €6,094 | - |
| Transfer to deferred taxes680 | - | - | - | - | €267,251 | - |
| Income taxes67/77 | - | - | €92,549 | €0 | - | - |
| Profit (loss) for the period9904 | €12,605 | €12,585 | €254,787 | -€101,253 | €736,667 | ▲ 828% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €18,283 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €801,753 | - |
| Profit (loss) for the period to be appropriated9905 | €12,605 | €12,585 | €254,787 | -€101,253 | -€46,803 | ▲ 53.8% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €3.7m | €4.9m | €4.1m | €7.4m | ▲ 80.3% |
| Fixed assets21/28 | €2.3m | €3.2m | €3.0m | €3.6m | €6.4m | ▲ 77.6% |
| Tangible fixed assets22/27 | €2.3m | €2.6m | €2.6m | €3.2m | €6.0m | ▲ 87.5% |
| Land and buildings22 | - | €2.6m | €2.6m | €3.2m | €6.0m | ▲ 87.7% |
| Furniture and vehicles24 | - | €9,841 | €6,341 | €4,341 | €2,341 | ▼ 46.1% |
| Financial fixed assets28 | - | €600,000 | €450,000 | €417,000 | €422,382 | ▲ 1.3% |
| Current assets29/58 | €686,898 | €452,869 | €1.9m | €487,318 | €976,161 | ▲ 100% |
| Stocks and contracts in progress3 | - | - | €277,832 | €0 | - | - |
| Stocks30/36 | - | - | €277,832 | €0 | - | - |
| Amounts receivable within one year40/41 | €640,006 | €410,763 | €352,417 | €421,481 | €615,148 | ▲ 45.9% |
| Trade receivables40 | - | €15,500 | €24,903 | €18,672 | €25,000 | ▲ 33.9% |
| Other amounts receivable41 | - | €395,263 | €327,514 | €402,809 | €590,148 | ▲ 46.5% |
| Cash at bank and in hand54/58 | €46,892 | €42,106 | €1.2m | €65,837 | €360,302 | ▲ 447% |
| Deferred charges and accrued income490/1 | - | - | - | - | €711 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €3.7m | €4.9m | €4.1m | €7.4m | ▲ 80.3% |
| Equity10/15 | €111,872 | €124,457 | €379,243 | €277,990 | €1.0m | ▲ 265% |
| Contributions10/11 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | - | - | €250,000 | €150,000 | €888,470 | ▲ 492% |
| Tax-exempt reserves132 | - | - | - | - | €783,470 | - |
| Distributable reserves133 | - | - | €250,000 | €150,000 | €105,000 | ▼ 30.0% |
| Profit (loss) carried forward14 | -€13,128 | -€543 | €4,243 | €2,990 | €1,186 | ▼ 60.3% |
| Provisions and deferred taxes16 | - | - | - | - | €261,157 | - |
| Deferred taxes168 | - | - | - | - | €261,157 | - |
| Amounts payable17/49 | €2.8m | €3.5m | €4.5m | €3.8m | €6.1m | ▲ 60.0% |
| Amounts payable after more than one year17 | €2.1m | €2.7m | €2.5m | €2.9m | €4.9m | ▲ 70.8% |
| Financial debts170/4 | - | €2.7m | €2.5m | €2.9m | €4.9m | ▲ 70.8% |
| Amounts payable within one year42/48 | €751,947 | €823,464 | €2.0m | €949,148 | €1.2m | ▲ 28.1% |
| Current portion of amounts payable after more than one year42 | - | €175,065 | €178,028 | €210,307 | €299,995 | ▲ 42.6% |
| Financial debts43 | - | - | €64,403 | €11,763 | €75,496 | ▲ 542% |
| Credit institutions430/8 | - | - | €64,403 | €11,763 | €75,496 | ▲ 542% |
| Trade debts44 | €1,029 | €17,069 | €272,052 | €33,076 | €19,241 | ▼ 41.8% |
| Suppliers440/4 | - | €17,069 | €272,052 | €33,076 | €19,241 | ▼ 41.8% |
| Taxes, remuneration and social security45 | - | €0 | €319,364 | €194,456 | €104,259 | ▼ 46.4% |
| Taxes450/3 | - | €0 | €319,364 | €194,456 | €104,259 | ▼ 46.4% |
| Other amounts payable47/48 | - | €631,330 | €1.2m | €499,546 | €717,045 | ▲ 43.5% |
| Accrued charges and deferred income492/3 | - | €0 | €24,709 | €27,991 | €40,230 | ▲ 43.7% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,605 | €12,585 | €254,787 | -€101,253 | €736,667 | ▲ 828% |
| + Depreciation and write-downs630 | €109,415 | €159,567 | €201,014 | €204,793 | €294,950 | ▲ 44.0% |
| Operating cash flow (approximation) | €122,021 | €172,152 | €455,801 | €103,539 | €1.0m | ▲ 896% |
| Investment in fixed assets (approximation) | - | -€1.1m | - | -€799,692 | -€3.1m | ▼ 288% |
| Change in cash | - | -€4,786 | - | -€1.2m | €294,465 | ▲ 125% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €736,667
Net result €736,667 after one loss-making year.
30-09
Financial
Equity above €1mEq €1.0m ▲265%
Equity rises from €277,990 to €1.0m.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet -€101,253
Net result drops to -€101,253, the lowest in the series; recovery starts the following year.
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €200,000Eq €379,243 ▲205%
5 profitable years in a row build equity to €379,243.
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100,000Eq €111,872 ▲12.7%
3 profitable years in a row build equity to €111,872.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
Show earlier events
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ichtegem · 1 establishment unit since 2014
Ground area
2,713 m²
Building footprint
960 m²
Volume, LiDAR
3,759 m³
Parcel 35003B0925/00X000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DEVVAN
since 20142.228.128.503
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003B0925/00X000 | Flanders | 2,713 m² | 1 · 960 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 7,500 EUR awarded · 7,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 7,500 EUR | 7,500 EUR |
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,413. 4,523 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-03-2014
Fiscal year end30-09
Activities, NACEBEL 2025
82990Other business support services
46180Agents specialised in the wholesale of other particular products
68110Buying and selling of own real estate
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.