DR. FRANCIS DEVLIES · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DR. FRANCIS DEVLIES is 0.7% (low). The 2024 annual accounts show equity of €2.24M and a net result of €292k. Equity is growing by ~15.1% per year across the filed fiscal years. The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 22 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	18-09-2025	49 d late	2025-00495804
31-12-2023	31-07-2024	29-08-2024	29 d late	2024-00394652
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00406465
31-12-2021	31-07-2022	12-07-2022	19 d early	2022-20174651
31-12-2020	31-07-2021	31-08-2021	31 d late	2021-58300359
31-12-2019	31-07-2020	29-09-2020	60 d late	2020-56200380
31-12-2018	31-07-2019	26-09-2019	57 d late	2019-65800040
31-12-2017	31-07-2018	18-09-2018	49 d late	2018-63200109
31-12-2016	31-07-2017	12-09-2017	43 d late	2017-60500144
31-12-2015	31-07-2016	30-08-2016	30 d late	2016-51800413

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1998, 28 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.7% Low

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€292k+8.1%

Working capital€2.18M+11.5%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 18-09-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~15.1%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€388k

+1.9% 18-24

Net profit

€292k

+8.1% 18-24

Cash flow

€304k

+12.2% 18-24

Total assets

€2.33M

+15.6% 18-24

Equity

€2.24M

+14.9% 18-24

Working capital

€2.18M

+11.5% 18-24

Income taxes

€130k

+8.3% 18-24

Dividends

€930

+15.4% 18-24

Show 9 other metrics

Debt

€87k

+35.8% 18-24

Debt ≤ 1y

€80k

+39.3% 18-24

Current ratio

28.13

-19.4% 18-24

Quick ratio

28.13

-19.4% 18-24

Solvency

96.3%

-0.6% 18-24

Debt / equity

0.04

+18.1% 18-24

ROE

13.0%

-5.9% 18-24

ROA

12.5%

-6.5% 18-24

Interest coverage

70.50

-27.9% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€388k
Net profit	€292k
Cash flow	€304k
Staff costs	-
Income taxes	€130k
Dividends	-
Total assets	€2.33M
Equity	€2.24M
Debt	€87k
of which ≤ 1y	€80k
of which > 1y	-
Working capital	€2.18M
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	28.13
Quick ratio	28.13
Working capital ratio	93.6%
Solvency	96.3%
Debt / equity	0.04
Long-term debt ratio	-
Interest coverage	70.50
Gross margin	-
Net margin	-
ROA	12.5%
ROE	13.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €68k · 2.9% Current assets €2.26M · 97.1%

Equity & liabilities

Equity €2.24M · 96.3% Debt €87k · 3.8%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.33M
Fixed assets	21/28	€68k
Tangible fixed assets	22/27	€68k
Financial fixed assets	28	€25
Current assets	29/58	€2.26M
Amounts receivable within one year	40/41	€5k
Investments	50/53	€1.00M
Cash & bank	54/58	€808k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.33M
Equity	10/15	€2.24M
Contributions / capital	10/11	€12k
Reserves	13	€2.23M
Amounts payable	17/49	€87k
Amounts payable within one year	42/48	€80k
Trade debts payable within one year	44	€12k
Income statement
Gross operating margin	9900	€393k
Operating result	9901	€376k
Financial income	75	€42k
Financial charges	65	€6k
Result before taxes	9903	€422k
Income taxes	67/77	€130k
Net result for the period	9904	€292k
Result to be appropriated	9905	€292k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

1 director

4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

Francis DEVLIES
Director
State Gazette act 23334788 (17-04-2023)

Current
17-04-2023 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	06-07-1998
Status	Active
Postal code	8500

Structure & network

Connections & network

1 connected company

Network connections

DR. MARIA NACHTERGAELE

Shared address

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

DR. FRANCIS DEVLIES

President Kennedylaan(Kor) 4, 8500 KortrijkMedische praktijken

since 19982.303.895.104

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area13.7 ha

Buildings2

Building footprint3.5 ha

Volume (LiDAR)3,772 m³

Tallest building22.3 m · ±6 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34026A0631/00H000	Flanders	13.7 ha	1 · 3.4 ha	-
34022G0195/00K000	Flanders	297 m²	1 · 296 m²	22.3 m · 6 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

4 acts

Capital history · 2

10-04-2018

v3.2

27-01-2014

v3.2

Address history · 1

11-02-2026

v3.2

All acts · 4 updated 6 months ago

2026

11-02-2026 Registered office moved within Kortrijk Registered-office change

Sint-Margriete-Houtemlaan 10, 8500 Kortrijk → President Rooseveltplein 12A, 8500 Kortrijk

Summary: v3.2

Original publication ↗

2023

17-04-2023 Francis DEVLIES reappointed as director Director changes

Francis DEVLIES, Bestuurder

Summary: v3.2

Original publication ↗

2018

10-04-2018 Capital decrease of €1,395,000 to €18,600 Capital & shares

€1.413.600 → €18.600

Summary: v3.2

Original publication ↗

2014

27-01-2014 Capital increase of €1,395,000 to €1,413,600 Capital & shares

€18.600 → €1.413.600

Summary: v3.2

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

89 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 65

Solvency 100

Growth 78

Stability 100

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameNL

DR. FRANCIS DEVLIES

Registered office

President Rooseveltplein(Kor) 12A bus 51

8500 Kortrijk, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.