Equity
Equity rose in 2025 from €277,990 to €1.0m.
Equity rose in 2025 from €277,990 to €1.0m.
The accounts state no turnover.
Of this, €1.2m falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 87.7% higher than in 2024.
The 2019 accounts came latest: 119 days after the end of the period.
Higher net result than 95% of companies in office administrative support. Sector median €20,941 · 2,831 companies.
The dashed line is the sector median: 0.1% across 1,123 companies (NACE 82, small).
Fewer than 1 in 1,000 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 82, small). It does better than 22% of them on solvency, 59% on liquidity, 79% on profitability and 97% 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 30-09-2025.
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).
In July 2024, 172 companies had the same profile as DEVVAN has now. Each dot is one company, two years later.
That fits the bankruptcy probability of DEVVAN itself: < 0.1% within 12 months.
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 172 companies, not a prediction for DEVVAN. 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 0.8 (0.51 in 2024), below 1. Short-term debt is 16.4% and cash 4.9% of total assets. 86.3% 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 7 accounts on average 24 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DEVVAN Ichtegem | €7.4m | €1.5m | 13.7% | 0 |
| Filip DECOSTERE Waregem | €6.5m | €2.2m | 76.7% | 0 |
| ARCON BML Wielsbeke | €11.0m | €1.9m | 0.2% | 0.6 |
| ERIC CALLEWAERT Watermael-Boitsfort | €5.0m | €0.8m | 40.2% | 0.5 |
| SANTENS LOGISTICS Ghent | €9.5m | €0.7m | 33.7% | 0 |
| L for L Lobbes | €4.3m | €1.2m | 62.4% | 0 |
| VAN ZANTBEEK Woluwe-Saint-Pierre | €5.9m | €0.8m | 47.2% | 0.3 |
These companies have the same main activity as DEVVAN: other business support services (NACE 82990). They are comparable in size and age: total assets between €4.3m and €11m, founded between 2009 and 2019.
DEVVAN files the abbreviated format. That format states no turnover. The gross margin rose from -€41,240 in 2015 to €1.5m in 2025.
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
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 ≈ €2.2m. Estimated: probably between €1.7m and €3.3m.
Higher than 25% of 2,829 companies in 2025.
Higher than 30% of 2,718 companies in 2025.
Higher than 68% of 2,776 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
7.4m | 4.1m | 4.9m | 3.7m | 2.9m | 3.2m | 2.9m | 2.8m | 899,705 | 558,823 | |
21/28 |
6.4m | 3.6m | 3.0m | 3.2m | 2.3m | 2.4m | 2.4m | 2.4m | 536,793 | 488,682 | |
22/27 |
6.0m | 3.2m | 2.6m | 2.6m | 2.3m | 2.4m | 2.4m | 2.4m | 536,793 | 488,682 | |
22 |
6.0m | 3.2m | 2.6m | 2.6m | 2.3m | 2.4m | 2.4m | 2.4m | 536,793 | 488,682 | |
24 |
2,341 | 4,341 | 6,341 | 9,841 | - | - | - | - | - | - | |
28 |
422,382 | 417,000 | 450,000 | 600,000 | - | - | - | - | - | - | |
29/58 |
976,161 | 487,318 | 1.9m | 452,869 | 686,898 | 830,589 | 518,007 | 362,413 | 362,912 | 70,141 | |
3 |
- | 0 | 277,832 | - | - | - | - | - | - | - | |
30/36 |
- | 0 | 277,832 | - | - | - | - | - | - | - | |
40/41 |
615,148 | 421,481 | 352,417 | 410,763 | 640,006 | 717,501 | 511,552 | 342,730 | 162,110 | 56,669 | |
40 |
25,000 | 18,672 | 24,903 | 15,500 | 34,374 | 15,500 | 118,000 | 14,000 | 109,567 | 53,580 | |
41 |
590,148 | 402,809 | 327,514 | 395,263 | 605,632 | 702,001 | 393,552 | 328,730 | 52,543 | 3,089 | |
54/58 |
360,302 | 65,837 | 1.2m | 42,106 | 46,892 | 112,837 | 6,455 | 19,682 | 200,802 | 13,472 | |
490/1 |
711 | - | - | - | 0 | 251 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
7.4m | 4.1m | 4.9m | 3.7m | 2.9m | 3.2m | 2.9m | 2.8m | 899,705 | 558,823 | |
10/15 |
1.0m | 277,990 | 379,243 | 124,457 | 111,872 | 99,266 | 79,607 | -35,935 | 55,103 | -683 | |
10/11 |
125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |
100 |
- | - | - | - | - | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |
13 |
888,470 | 150,000 | 250,000 | - | - | - | - | - | - | - | |
132 |
783,470 | - | - | - | - | - | - | - | - | - | |
133 |
105,000 | 150,000 | 250,000 | - | - | - | - | - | - | - | |
14 |
1,186 | 2,990 | 4,243 | -543 | -13,128 | -25,734 | -45,393 | -160,935 | -69,897 | -125,683 | |
16 |
261,157 | - | - | - | - | - | - | - | - | - | |
168 |
261,157 | - | - | - | - | - | - | - | - | - | |
17/49 |
6.1m | 3.8m | 4.5m | 3.5m | 2.8m | 3.1m | 2.9m | 2.8m | 844,602 | 559,507 | |
17 |
4.9m | 2.9m | 2.5m | 2.7m | 2.1m | 2.1m | 2.2m | 2.1m | 400,000 | 149,770 | |
170/4 |
4.9m | 2.9m | 2.5m | 2.7m | 2.1m | 2.1m | 2.2m | 2.1m | 400,000 | 149,770 | |
42/48 |
1.2m | 949,148 | 2.0m | 823,464 | 751,947 | 960,863 | 698,295 | 722,197 | 444,602 | 409,736 | |
42 |
299,995 | 210,307 | 178,028 | 175,065 | 72,971 | 39,472 | 86,212 | 76,000 | - | - | |
43 |
75,496 | 11,763 | 64,403 | - | - | - | - | - | - | - | |
430/8 |
75,496 | 11,763 | 64,403 | - | - | - | - | - | - | - | |
44 |
19,241 | 33,076 | 272,052 | 17,069 | 1,029 | 1,187 | 91,232 | 746 | 20,161 | 50,656 | |
440/4 |
19,241 | 33,076 | 272,052 | 17,069 | 1,029 | 1,187 | 91,232 | 746 | 20,161 | 50,656 | |
46 |
- | - | - | - | - | 2,000 | 2,000 | 2,000 | 67,000 | 12,070 | |
45 |
104,259 | 194,456 | 319,364 | 0 | 5,715 | 22,785 | 16,099 | 8,960 | 3,135 | 2,506 | |
450/3 |
104,259 | 194,456 | 319,364 | 0 | 5,715 | 9,611 | 12,670 | 8,960 | 3,135 | 2,506 | |
454/9 |
- | - | - | - | 0 | 13,173 | 3,428 | - | - | - | |
47/48 |
717,045 | 499,546 | 1.2m | 631,330 | 672,232 | 895,419 | 502,751 | 634,491 | 354,305 | 344,504 | |
492/3 |
40,230 | 27,991 | 24,709 | 0 | 8,500 | 10,087 | 2,000 | 2,000 | - | - | |
| Income statement | |||||||||||
76A |
- | - | - | - | - | 355 | 14,198 | - | 35,972 | - | |
9900 |
1.5m | 185,330 | 681,262 | 211,844 | 184,380 | 372,298 | 394,608 | 52,728 | 135,588 | -41,240 | |
62 |
- | - | - | 0 | 605 | 163,661 | 112,002 | 29,317 | - | - | |
630 |
294,950 | 204,793 | 201,014 | 159,567 | 109,415 | 112,574 | 100,578 | 78,814 | 92,311 | 63,682 | |
631/4 |
615 | - | - | - | - | - | - | - | - | - | |
640/8 |
43,507 | 15,525 | 28,479 | 11,975 | 12,330 | 10,231 | 12,707 | 10,347 | 7,829 | 1,862 | |
66A |
- | - | - | - | - | - | - | - | - | 317 | |
9901 |
1.1m | -34,988 | 451,768 | 40,302 | 62,029 | 85,833 | 169,320 | -65,750 | 35,448 | -106,785 | |
75/76B |
456 | 1,597 | 11,631 | - | 0 | 355 | 384 | 0 | 36,367 | 1,010 | |
75 |
456 | 1,597 | 11,631 | - | - | - | 384 | 0 | 395 | 1,010 | |
76B |
- | - | - | - | 0 | 355 | - | - | 35,972 | - | |
65/66B |
120,833 | 67,862 | 116,063 | 27,717 | 49,423 | 57,529 | 54,162 | 25,302 | 16,027 | 19,579 | |
65 |
120,833 | 67,862 | 116,063 | 27,717 | 49,423 | 57,529 | 54,162 | 25,302 | 16,027 | 19,579 | |
9903 |
997,823 | -101,253 | 347,336 | 12,585 | 12,605 | 28,659 | 115,542 | -91,052 | 55,787 | -125,670 | |
780 |
6,094 | - | - | - | - | - | - | - | - | - | |
680 |
267,251 | - | - | - | - | - | - | - | - | - | |
67/77 |
- | 0 | 92,549 | - | - | - | - | -14 | 1 | 13 | |
9904 |
736,667 | -101,253 | 254,787 | 12,585 | 12,605 | 28,659 | 115,542 | -91,038 | 55,787 | -125,683 | |
789 |
18,283 | - | - | - | - | - | - | - | - | - | |
689 |
801,753 | - | - | - | - | - | - | - | - | - | |
9905 |
-46,803 | -101,253 | 254,787 | 12,585 | 12,605 | 28,659 | 115,542 | -91,038 | 55,787 | -125,683 | |
| Appropriation of the result | |||||||||||
9906 |
-43,814 | -97,010 | 254,243 | -543 | -13,128 | -25,734 | -45,393 | -160,935 | -69,897 | -125,683 | |
14P |
2,990 | 4,243 | -543 | -13,128 | - | - | - | - | - | - | |
791/2 |
45,000 | 100,000 | - | - | - | - | - | - | - | - | |
691/2 |
- | 0 | 250,000 | - | - | - | - | - | - | - | |
6921 |
- | 0 | 250,000 | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
0 | 0 | 0 | - | - | 2 | 1.4 | 0.3 | - | - | |
Hours worked1013 |
- | - | - | - | - | 3,508 | 2,350 | 574 | - | - | |
| Document | |||||||||||
The notes to these accounts have 20 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 20-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 20-04-2026 | 2026-00082676 | |
| 30-09-2024 | abbreviated format | 25-04-2025 | 2025-00075205 | |
| 30-09-2023 | abbreviated format | 10-04-2024 | 2024-00060439 | |
| 31-12-2021 | abbreviated format | 22-08-2022 | 2022-20312067 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65200401 | |
| 31-12-2019 | abbreviated format | 27-11-2020 | 2020-74000328 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-62200283 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-58000219 | |
| 31-12-2016 | abbreviated format | 24-08-2017 | 2017-52900265 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-56500566 |
| Line | Trend | 2025 | 2024 | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.4m | 169,805 | 652,782 | 199,869 | 171,444 | 198,407 | 269,898 | 13,064 | 127,759 | -43,102 | ||
| 1.0m | 103,539 | 455,801 | 172,152 | 122,021 | 141,233 | 216,120 | -12,224 | 148,098 | -62,001 | ||
| 4.4m | 832,692 | 174,764 | 1.1m | 0 | 78,212 | 143,023 | 2.0m | 440,422 | 513,014 | ||
| 294,465 | -1.2m | - | -4,786 | -65,945 | 106,382 | -13,227 | -181,119 | 187,329 | - | ||
| -239,876 | -461,830 | -138,846 | -370,595 | -65,049 | -130,274 | -180,287 | -359,785 | -81,690 | -339,595 | ||
| 13.7% | 6.8% | 7.8% | 3.4% | 3.8% | 3.1% | 2.7% | -1.3% | 6.1% | -0.1% | ||
| 0.80 | 0.51 | 0.93 | 0.55 | 0.91 | 0.86 | 0.74 | 0.50 | 0.82 | 0.17 | ||
| 0.80 | 0.51 | 0.79 | 0.55 | 0.91 | 0.86 | 0.74 | 0.50 | 0.82 | 0.17 | ||
| 6.05 | 13.79 | 11.87 | 28.39 | 25.36 | 31.26 | 35.84 | - | 15.33 | - | ||
| 72.6% | -36.4% | 67.2% | 10.1% | 11.3% | 28.9% | 145.1% | - | 101.2% | - | ||
| 9.9% | -2.5% | 5.2% | 0.3% | 0.4% | 0.9% | 3.9% | -3.3% | 6.2% | -22.5% | ||
| 11.70 | 2.50 | 5.62 | 7.21 | - | - | - | - | - | - |
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 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €4.4m | €832,692 | €174,764 | €501,920 |
| Financial fixed assets | €45,382 | - | - | €600,000 |
| €294,950 | €204,793 | €201,014 | €159,567 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €1.1m, after a loss of €34,988 in 2024. It is the highest result since 2015.
Debt's share of the balance-sheet total falls from 93.2% to 82.8%. Equity and debt are higher.
Source: list of holdings in its own 30-09-2025 accounts. Every holding stands with its own latest accounts.
| Name | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| GARAGE CARROSSERIE WATTY | 100% | |||
Source: list of holdings in its own accounts
The network starts from the directors of DEVVAN. Every other company they run is a node.
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
| Establishment | Since | Unit number |
|---|---|---|
| Oostendesteenweg 208 registered office 8480 Ichtegem | 04-03-2014 | 2.228.128.503 |
| 16-12-2025 | Granted | Functiewijziging submitted 17-07-2025 · project 2025074353 | Oudenburg |
| 20-05-2025 | Refused | Functiewijziging submitted 26-09-2024 · project 2024128143 | Oudenburg |
| 25-07-2023 | Granted | Verbouwen en/of uitbreiden met het wijzigen van alle zelfstandige gebruikseenheden (unit) binnen het gebouw; Verbouwen / Wijzigen Infrastructuur submitted 23-02-2023 · project 2023023329 | Ichtegem |
| 21-02-2023 | Granted | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies; Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden; Wijzigen van een publiciteitsinrichting submitted 19-10-2022 · project 2022135335 | Oudenburg |
| 07-10-2022 | Discontinued | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies; Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 23-09-2022 · project 2022085802 | Oudenburg |
| 02-06-2022 | Discontinued | Bouwen of herbouwen; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning); Slopen van niet vrijstaande gebouwen of constructies; Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 23-05-2022 · project 2022043235 | Oudenburg |
| 13-10-2020 | Granted | Bouwen of herbouwen; Hoogstammige bomen vellen die geen deel uitmaken van een bos; Nieuwbouw of aanleggen; Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen submitted 17-06-2020 · project 2020060784 | Ichtegem |
| 26-05-2020 | Granted | Nieuwbouw of aanleggen; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning); Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 19-12-2019 · project 2019148505 | Ichtegem |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 35003B0925/00X000 | 2,713 m² | 1 · 960 m² | 7.2 m · 1 |
If something looks wrong or is missing, please tell us.