Summary
DEVY has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.3m and a net result of €97,223. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 49% of 10,567 sector peers (NACE 70, fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, abbreviated schema
Equity
€2.3m▲ 4.4%
2024 · €2.2m
Total assets
€4.5m▲ 9.8%
2024 · €4.1m
Net result
€97,223▲ 47.8%
2024 · €65,781
Working capital
-€1.1m▼ 6.0%
2024 · -€1.1m
Trend over the years
2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years
The operating result recovers in 2025; 2025 is 45% above 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2025
Net result€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.5m
2025
Equity€2.3m
2025
Debt€2.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.1m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency52.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.05
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.08m▼ 38.4%€0.05m▼ 38.9%€0.1m▲ 197%€0.3m▲ 86.1%€0.1m▼ 53.3%€0.2m▲ 44.7%
Net result€0.04m-€0.02mwithin the sector's middle half▼ 50.4%-€0.001mbelow the sector's middle half€0.07mwithin the sector's middle half€0.2mabove the sector's middle half▲ 120%€0.07mwithin the sector's middle half▼ 59.3%€0.1mwithin the sector's middle half▲ 47.8%
Equity€2.3m-€2.3mabove the sector's middle half▲ 0.9%€2.3mabove the sector's middle half=€2.4mabove the sector's middle half▲ 3.2%€2.2mabove the sector's middle half▼ 8.7%€2.2mabove the sector's middle half▲ 3.0%€2.3mabove the sector's middle half▲ 4.4%
Total assets€4.3m-€4.3mabove the sector's middle half=€4.3mabove the sector's middle half▼ 0.8%€4.3mabove the sector's middle half▼ 0.3%€4.1mabove the sector's middle half▼ 4.2%€4.1mabove the sector's middle half▼ 0.5%€4.5mabove the sector's middle half▲ 9.8%
Debt€2.0m-€2.0m▼ 0.9%€2.0m▼ 1.8%€1.9m▼ 4.3%€1.9m▲ 1.3%€1.8m▼ 4.5%€2.1m▲ 16.4%
Working capital-€1.0m--€1.0mbelow the sector's middle half▼ 7.0%-€1.1mbelow the sector's middle half▼ 9.3%-€1.2mbelow the sector's middle half▼ 2.1%-€1.1mbelow the sector's middle half▲ 7.5%-€1.1mbelow the sector's middle half▲ 1.3%-€1.1mbelow the sector's middle half▼ 6.0%
Solvency52.7%-53.1%within the sector's middle half▲ 0.4pp53.5%within the sector's middle half▲ 0.4pp55.4%within the sector's middle half▲ 1.9pp52.8%within the sector's middle half▼ 2.6pp54.7%within the sector's middle half▲ 1.9pp52.0%within the sector's middle half▼ 2.7pp
Current ratio0.05-0.08below the sector's middle half▲ 0.040.08below the sector's middle half=0.11below the sector's middle half▲ 0.020.00below the sector's middle half▼ 0.100.02below the sector's middle half▲ 0.020.05below the sector's middle half▲ 0.03
Return on assets (ROA)0.9%-0.5%within the sector's middle half▼ 0.5pp0.0%below the sector's middle half▼ 0.5pp1.7%within the sector's middle half▲ 1.7pp3.9%within the sector's middle half▲ 2.2pp1.6%within the sector's middle half▼ 2.3pp2.2%within the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets
€4.4m ▲ 9.0%
Current assets
€61,348 ▲ 133%
Equity and liabilities €4.5m
Equity
€2.3m ▲ 4.4%
Debt
€2.1m ▲ 16.4%
Debt's share of the balance-sheet total rises from 45.3% to 48.0%. Equity and debt are higher.
Key figures and ratios
ROE
4.2%▲
2024 · 3.0%
Debt ≤ 1 year
€1.2m▲
2024 · €1.1m
Debt > 1 year
€952,125▲
2024 · €748,512
Income taxes
€38,852▲
2024 · €24,814
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,825 | €46,825 | €46,885 | €46,909 | €47,195 | €47,378 | €72,598 | ▲ 53.2% |
| Other operating charges640/8 | - | - | - | €2,738 | €2,383 | €3,822 | €4,392 | ▲ 14.9% |
| Gross operating margin9900 | €180,088 | €130,805 | €99,577 | €195,655 | €321,283 | €178,008 | €260,467 | ▲ 46.3% |
| Operating profit (loss)9901 | €130,535 | €80,399 | €49,134 | €146,009 | €271,704 | €126,809 | €183,477 | ▲ 44.7% |
| Financial income75/76B | - | - | - | €3 | €0 | €1 | €17 | ▲ 2,964% |
| Recurring financial income75 | - | - | - | €3 | €0 | €1 | €17 | ▲ 2,964% |
| Financial charges65/66B | - | - | - | €44,126 | €38,912 | €36,214 | €47,419 | ▲ 30.9% |
| Recurring financial charges65 | €73,094 | €53,880 | €49,521 | €44,126 | €38,912 | €36,214 | €47,419 | ▲ 30.9% |
| Profit (loss) for the period before taxes9903 | €57,441 | €26,519 | -€387 | €101,886 | €232,792 | €90,595 | €136,075 | ▲ 50.2% |
| Income taxes67/77 | €16,444 | €6,170 | €495 | €28,410 | €71,225 | €24,814 | €38,852 | ▲ 56.6% |
| Profit (loss) for the period9904 | €40,997 | €20,349 | -€883 | €73,475 | €161,568 | €65,781 | €97,223 | ▲ 47.8% |
| Profit (loss) for the period to be appropriated9905 | €40,997 | €20,349 | -€883 | €73,475 | €161,568 | €65,781 | €97,223 | ▲ 47.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.3m | €4.3m | €4.3m | €4.3m | €4.1m | €4.1m | €4.5m | ▲ 9.8% |
| Fixed assets21/28 | €4.3m | €4.2m | €4.2m | €4.1m | €4.1m | €4.0m | €4.4m | ▲ 9.0% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.7m | €0.7m | €0.7m | €0.6m | €0.7m | ▲ 14.3% |
| Land and buildings22 | - | - | - | €0.7m | €0.7m | €0.6m | €0.7m | ▲ 14.8% |
| Plant, machinery and equipment23 | - | - | - | €0.005m | €0.005m | €0.008m | €0.006m | ▼ 23.2% |
| Financial fixed assets28 | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | €3.7m | ▲ 8.1% |
| Current assets29/58 | €0.05m | €0.1m | €0.1m | €0.1m | €0.003m | €0.03m | €0.06m | ▲ 133% |
| Amounts receivable within one year40/41 | €0.04m | €0.09m | €0.09m | €0.1m | €42 | €0.01m | €0.05m | ▲ 260% |
| Trade receivables40 | - | - | - | €0.1m | €0 | €0.01m | €0.01m | ▼ 13.6% |
| Other amounts receivable41 | - | - | - | €405 | €42 | €186 | €0.04m | ▲ 20,864% |
| Cash at bank and in hand54/58 | €0.002m | €0.001m | €0.01m | €0.03m | €0.002m | €0.01m | €0.01m | ▼ 6.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.001m | €0.001m | €0 | ▼ 100% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.3m | €4.3m | €4.3m | €4.3m | €4.1m | €4.1m | €4.5m | ▲ 9.8% |
| Equity10/15 | €2.3m | €2.3m | €2.3m | €2.4m | €2.2m | €2.2m | €2.3m | ▲ 4.4% |
| Contributions10/11 | €1.6m | €0 | - | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Reserves13 | €0.7m | €0.7m | €0.7m | €0.8m | €0.6m | €0.6m | €0.7m | ▲ 15.5% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.7m | €0.6m | €0.6m | €0.7m | ▲ 15.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €2.0m | €2.0m | €2.0m | €1.9m | €1.9m | €1.8m | €2.1m | ▲ 16.4% |
| Amounts payable after more than one year17 | €1.0m | €0.9m | €0.7m | €0.6m | €0.8m | €0.7m | €1.0m | ▲ 27.2% |
| Financial debts170/4 | - | - | - | €0.6m | €0.8m | €0.7m | €1.0m | ▲ 27.2% |
| Amounts payable within one year42/48 | €1.0m | €1.1m | €1.3m | €1.3m | €1.1m | €1.1m | €1.2m | ▲ 9.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.09m | €0.2m | ▲ 72.1% |
| Financial debts43 | - | - | - | €0.02m | €0.03m | €0.06m | €0.01m | ▼ 78.2% |
| Credit institutions430/8 | - | - | - | €0.02m | €0.03m | €0.06m | €0.01m | ▼ 78.2% |
| Trade debts44 | €0.02m | €0.04m | €0.05m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 4.3% |
| Suppliers440/4 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 4.3% |
| Advances received on contracts in progress46 | - | - | - | €0.1m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.1m | €0.04m | €0.07m | ▲ 92.7% |
| Taxes450/3 | - | - | - | €0.03m | €0.1m | €0.03m | €0.07m | ▲ 111% |
| Remuneration and social security454/9 | - | - | - | €0.007m | €0.02m | €0.004m | €0.002m | ▼ 52.2% |
| Other amounts payable47/48 | - | - | - | €0.9m | €0.6m | €0.8m | €0.8m | ▲ 4.7% |
| Accrued charges and deferred income492/3 | - | - | - | €411 | €0.001m | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,997 | €20,349 | -€883 | €73,475 | €161,568 | €65,781 | €97,223 | ▲ 47.8% |
| + Depreciation and write-downs630 | €46,825 | €46,825 | €46,885 | €46,909 | €47,195 | €47,378 | €72,598 | ▲ 53.2% |
| Operating cash flow (approximation) | €87,823 | €67,174 | €46,003 | €120,384 | €208,763 | €113,159 | €169,820 | ▲ 50.1% |
| Investment in fixed assets (approximation) | - | €0 | -€833 | €0 | -€1,750 | -€3,948 | -€437,660 | ▼ 10,985% |
| Change in cash | - | -€660 | €13,350 | €16,380 | -€28,937 | €8,929 | -€678 | ▼ 108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 82,682 companies in this sector we hold annual accounts for 54,235. 18,665 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector