ELLEN DEVOS BV
ActiveSummary
ELLEN DEVOS BV has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,000 and a net result of €14,412. Equity has been shrinking by about 37% per year since 2023. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 19% of 2,480 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-03-2023 Normal situation
- Activity
- Literary creation NACE 90111and 3 others
- Establishment unit
- 2.343.706.179 9000 Gent, since 28-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-11-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €22,903
- ▲ 29.3%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €14,412
- ▲ 41.2%
- Equity
- €2,000
- ▼ 89.0%
- Total assets
- €45,407
- ▼ 31.4%
- 2025 accounts filed 61 days after the deadline
Score breakdownraises riskLast filed accounts filed 61 days late; 3 of the last 3 accounts lateEquity €2,000 (4.4% of total assets)lowers riskSector: Arts creation and performing arts activities (NACE 90)Liquidity: current ratio 0.94, cash €25,502Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 90, micro). It does better than 19% of them on solvency, 36% on liquidity, 91% on profitability and 6% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 82 days after the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00535922.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 43% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €10,312 | €3,135 | €1,686 |
| Depreciation and write-downs of the year | €2,830 | €4,109 | €3,687 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,830 | €4,109 | €3,687 | ▼ 10.3% |
| Other operating charges640/8 | €1,150 | €702 | €806 | ▲ 14.8% |
| Gross operating margin9900 | €11,749 | €17,711 | €22,903 | ▲ 29.3% |
| Operating profit (loss)9901 | €7,769 | €12,900 | €18,410 | ▲ 42.7% |
| Financial income75/76B | €2 | €22 | €12 | ▼ 42.6% |
| Recurring financial income75 | €2 | €22 | €12 | ▼ 42.6% |
| Financial charges65/66B | €247 | €60 | €71 | ▲ 18.2% |
| Recurring financial charges65 | €247 | €60 | €71 | ▲ 18.2% |
| Profit (loss) for the period before taxes9903 | €7,525 | €12,862 | €18,352 | ▲ 42.7% |
| Income taxes67/77 | €1,560 | €2,656 | €3,939 | ▲ 48.3% |
| Profit (loss) for the period9904 | €5,964 | €10,206 | €14,412 | ▲ 41.2% |
| Profit (loss) for the period to be appropriated9905 | €5,964 | €10,206 | €14,412 | ▲ 41.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €44,805 | €66,179 | €45,407 | ▼ 31.4% |
| Fixed assets21/28 | €7,482 | €6,507 | €4,506 | ▼ 30.8% |
| Tangible fixed assets22/27 | €7,482 | €6,507 | €4,506 | ▼ 30.8% |
| Plant, machinery and equipment23 | €2,924 | €2,812 | €2,427 | ▼ 13.7% |
| Furniture and vehicles24 | €4,558 | €3,695 | €2,079 | ▼ 43.7% |
| Current assets29/58 | €37,323 | €59,671 | €40,901 | ▼ 31.5% |
| Stocks and contracts in progress3 | - | - | €797 | - |
| Stocks30/36 | - | - | €797 | - |
| Amounts receivable within one year40/41 | €5,372 | €15,059 | €14,602 | ▼ 3.0% |
| Trade receivables40 | €5,022 | €14,709 | €14,252 | ▼ 3.1% |
| Other amounts receivable41 | €350 | €350 | €350 | = |
| Cash at bank and in hand54/58 | €31,655 | €44,612 | €25,502 | ▼ 42.8% |
| Deferred charges and accrued income490/1 | €295 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €44,805 | €66,179 | €45,407 | ▼ 31.4% |
| Equity10/15 | €7,964 | €18,170 | €2,000 | ▼ 89.0% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €5,964 | €16,170 | - | - |
| Amounts payable17/49 | €36,841 | €48,009 | €43,407 | ▼ 9.6% |
| Amounts payable within one year42/48 | €22,757 | €33,606 | €43,407 | ▲ 29.2% |
| Trade debts44 | €3,911 | €1,039 | €2,005 | ▲ 92.9% |
| Suppliers440/4 | €3,911 | €1,039 | €2,005 | ▲ 92.9% |
| Taxes, remuneration and social security45 | €6,101 | €8,605 | €7,672 | ▼ 10.8% |
| Taxes450/3 | €6,101 | €8,605 | €7,672 | ▼ 10.8% |
| Other amounts payable47/48 | €12,745 | €23,962 | €33,730 | ▲ 40.8% |
| Accrued charges and deferred income492/3 | €14,083 | €14,402 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,964 | €10,206 | €14,412 | ▲ 41.2% |
| + Depreciation and write-downs630 | €2,830 | €4,109 | €3,687 | ▼ 10.3% |
| Operating cash flow (approximation) | €8,794 | €14,315 | €18,099 | ▲ 26.4% |
| Investment in fixed assets (approximation) | - | -€3,135 | -€1,686 | ▲ 46.2% |
| Change in cash | - | €12,958 | -€19,110 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,157 companies had the same profile as ELLEN DEVOS BV has now. Two years later, 94.1% were still going and 3.0% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ELLEN DEVOS BV itself is lower: 0.3% within 12 months. It rests on far more data about ELLEN DEVOS BV than the profile alone.
Test of the method
The method was tested on the 497,446 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 2,157 companies, not a prediction for ELLEN DEVOS BV. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- DEVOS Ellen Edith Erika sole founder · 100% at incorporation
Capital transactions
- 30-03-2023 Incorporation · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, bij gebrek aan bepaling onbepaalde duur, algemene vergadering bepaalt aantal, duur en bij meerdere…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 30-03-2023 (in Dutch)
Network & group
ELLEN DEVOS BV shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of ELLEN DEVOS BV. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
30-03
Gazette deed
IncorporationAppointment: DEVOS Ellen Edith Erika (director) · Founder · Founding capital8 points ▸
- Incorporation, 27-03-2023
- Founder, DEVOS Ellen Edith Erika
- Founding capital
- Other provision, “overgangsbepalingen” (deed in Dutch)
- Registered office clause, “9000 Gent,Gebroeders Van Eyckstraat 17” (deed in Dutch)
- Board rule, 1
- Director appointment, DEVOS Ellen Edith Erika (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien, en alle activiteiten ondernomen sinds akte door comparanten in naam en voor rekening van…” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
7 activities
- De activiteiten van uitvoerende kunstenaars, zoals onder andere schilderen van kunstwerken op muren en doeken, bodypainting, straattheater, theater. Verkoop van cosmetica producten en materialen ook via webportalen.
- Het inrichten van opleiding en workshops voor bodypainting.
- Het creëren, organiseren en verspreiden van culturele manifestaties.
- Het inrichten van vertoningen zoals concerten en voorstellingen in schouwburgen of elders.
- Het maken van voorstellingen, muziek, dans, theater op alle mogelijke manieren.
- Het verdelen van auteursrechten.
- De commerciële, artistieke en zakelijke begeleiding van artiesten.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44804D0818/00C000 | Flanders | 67 m² | 1 · 61 m² | 16.1 m · 4 |