FIETSEN DEVOS
ActiveSummary
FIETSEN DEVOS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €646k and a net result of €30k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 47% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+16
Solvency55=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 2.46 in 2024; short-term debt: 26.5% and cash: 0% of total assets), but 69.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
30.4%
Return on assets
1.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
21 d late
2023
68 d late
2022
25 d late
2021
24 d late
2020
31 d late
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€646k▲ 4.9%
2024 · €616k
2018: €95klowest in 8 years
2019: €145k▲ +51.8% vs 2018
2020: €214k▲ +47.8% vs 2019
2021: €396k▲ +84.9% vs 2020
2022: €539k▲ +36.1% vs 2021
2023: €616k▲ +14.2% vs 2022
2024: €616k● +0.0% vs 2023
2025: €646k▲ +4.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€2.12M▲ 3.9%
2024 · €2.04M
2018: €422klowest in 8 years
2019: €996k▲ +136% vs 2018
2020: €1.58M▲ +58.3% vs 2019
2021: €1.87M▲ +18.7% vs 2020
2022: €2.09M▲ +11.8% vs 2021
2023: €2.11M▲ +1.0% vs 2022
2024: €2.04M▼ -3.3% vs 2023
2025: €2.12M▲ +3.9% vs 2024highest in 8 years
2018 → 2025
Net result
€30k▲ 13,452%
2024 · €223
2018: €34k
2019: €49k▲ +47.3% vs 2018
2020: €69k▲ +40.0% vs 2019
2021: €182k▲ +163% vs 2020highest in 8 years
2022: €137k▼ -24.8% vs 2021
2023: €38k▼ -71.9% vs 2022
2024: €223▼ -99.4% vs 2023lowest in 8 years
2025: €30k▲ +13452% vs 2024
2018 → 2025
Working capital
€626k▼ 1.6%
2024 · €636k
2018: €44klowest in 8 years
2019: €92k▲ +108% vs 2018
2020: €243k▲ +164% vs 2019
2021: €455k▲ +87.4% vs 2020
2022: €581k▲ +27.9% vs 2021
2023: €704k▲ +21.1% vs 2022highest in 8 years
2024: €636k▼ -9.6% vs 2023
2025: €626k▼ -1.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€396k-€539k▲ 36.1%€616k▲ 14.2%€616k=€646k▲ 4.9%
2021: €396klowest in 5 years
2022: €539k▲ +36.1% vs 2021
2023: €616k▲ +14.2% vs 2022
2024: €616k● +0.0% vs 2023
2025: €646k▲ +4.9% vs 2024highest in 5 years
Operating result€203k-€197k▼ 2.9%€109k▼ 44.5%€55k▼ 49.9%€91k▲ 65.3%
2021: €203khighest in 5 years
2022: €197k▼ -2.9% vs 2021
2023: €109k▼ -44.5% vs 2022
2024: €55k▼ -49.9% vs 2023lowest in 5 years
2025: €91k▲ +65.3% vs 2024
Net result€182k-€137k▼ 24.8%€38k▼ 71.9%€223▼ 99.4%€30k▲ 13,452%
2021: €182khighest in 5 years
2022: €137k▼ -24.8% vs 2021
2023: €38k▼ -71.9% vs 2022
2024: €223▼ -99.4% vs 2023lowest in 5 years
2025: €30k▲ +13452% vs 2024
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 recovers in 2025; 2025 is 65% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.12M
Fixed assets
€936k ▼ 3.9%
Current assets
€1.19M ▲ 11.0%
Equity and liabilities €2.12M
Equity
€646k ▲ 4.9%
Debt
€1.48M ▲ 3.5%
Debt's share of the balance-sheet total falls from 69.9% to 69.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€142k▲
2024 · €102k
Cash flow
€82k▲
2024 · €47k
Current ratio
2.11▼
2024 · 2.46
Quick ratio
0.04▲
2024 · 0.00
Debt to equity
2.29▼
2024 · 2.32
ROE
4.7%▲
2024 · 0.0%
ROA
1.4%▲
2024 · 0.0%
Interest coverage
4.49▲
2024 · 2.78
Debt ≤ 1 year
€563k▲
2024 · €435k
Debt > 1 year
€916k▼
2024 · €994k
Income taxes
€31k▲
2024 · €20k
Staff costs
€91k▲
2024 · €89k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.04M€2.12M▲
Fixed assets21/28€974k€936k▼
Intangible fixed assets21€0€9k▲
Tangible fixed assets22/27€974k€927k▼
Land and buildings22€972k€926k▼
Plant, machinery and equipment23€546€96▼
Furniture and vehicles24€1k€752▼
Financial fixed assets28€125€125=
Current assets29/58€1.07M€1.19M▲
Stocks and contracts in progress3€1.07M€1.17M▲
Stocks30/36€1.07M€1.17M▲
Amounts receivable within one year40/41€0€24k▲
Trade receivables40€0€24k▲
Other amounts receivable41€0€0=
Cash at bank and in hand54/58€0€0=
Equity and liabilities
Total equity and liabilities10/49€2.04M€2.12M▲
Equity10/15€616k€646k▲
Contributions10/11€19k€19k=
Reserves13€88k€88k=
Tax-exempt reserves132€38k€38k=
Distributable reserves133€49k€49k=
Profit (loss) carried forward14€510k€540k▲
Amounts payable17/49€1.43M€1.48M▲
Amounts payable after more than one year17€994k€916k▼
Financial debts170/4€994k€916k▼
Amounts payable within one year42/48€435k€563k▲
Current portion of amounts payable after more than one year42€89k€93k▲
Financial debts43-€198k
Credit institutions430/8-€198k
Trade debts44€83k€201k▲
Suppliers440/4€83k€201k▲
Advances received on contracts in progress46€11k-
Taxes, remuneration and social security45€43k€57k▲
Taxes450/3€19k€32k▲
Remuneration and social security454/9€24k€25k▲
Other amounts payable47/48€210k€14k▼
Accrued charges and deferred income492/3€47€47=
Income statement
Code20242025
Non-recurring operating income76A-€12k
Remuneration, social security and pensions62€89k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€52k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€34k
Other operating charges640/8€211€52k▲
Gross operating margin9900€191k€319k▲
Operating profit (loss)9901€55k€91k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€37k€32k▼
Recurring financial charges65€37k€32k▼
Profit (loss) for the period before taxes9903€20k€61k▲
Income taxes67/77€20k€31k▲
Profit (loss) for the period9904€223€30k▲
Profit (loss) for the period to be appropriated9905€223€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€510k€540k▲
Profit (loss) brought forward from the previous period14P€509k€510k=
Social balance
Average headcount (FTE)90871.9-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €12k | - |
| Remuneration, social security and pensions62 | €66k | €54k | €63k | €89k | €91k | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67k | €77k | €60k | €47k | €52k | ▲ 10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €14k | - | - | €34k | - |
| Other operating charges640/8 | €247 | €1k | €1k | €211 | €52k | ▲ 24,383% |
| Gross operating margin9900 | €337k | €343k | €233k | €191k | €319k | ▲ 67.6% |
| Operating profit (loss)9901 | €203k | €197k | €109k | €55k | €91k | ▲ 65.3% |
| Financial income75/76B | - | €6k | €941 | €2k | €2k | ▼ 4.2% |
| Recurring financial income75 | - | €6k | €941 | €2k | €2k | ▼ 4.2% |
| Financial charges65/66B | €20k | €26k | €34k | €37k | €32k | ▼ 13.5% |
| Recurring financial charges65 | €20k | €26k | €34k | €37k | €32k | ▼ 13.5% |
| Profit (loss) for the period before taxes9903 | €183k | €177k | €76k | €20k | €61k | ▲ 201% |
| Income taxes67/77 | €1k | €40k | €37k | €20k | €31k | ▲ 53.6% |
| Profit (loss) for the period9904 | €182k | €137k | €38k | €223 | €30k | ▲ 13,452% |
| Profit (loss) for the period to be appropriated9905 | €182k | €137k | €38k | €223 | €30k | ▲ 13,452% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.87M | €2.09M | €2.11M | €2.04M | €2.12M | ▲ 3.9% |
| Fixed assets21/28 | €1.03M | €1.01M | €994k | €974k | €936k | ▼ 3.9% |
| Intangible fixed assets21 | €1k | €714 | €0 | €0 | €9k | - |
| Tangible fixed assets22/27 | €1.03M | €1.01M | €994k | €974k | €927k | ▼ 4.8% |
| Land and buildings22 | €1.03M | €989k | €992k | €972k | €926k | ▼ 4.7% |
| Plant, machinery and equipment23 | €3k | €20k | €996 | €546 | €96 | ▼ 82.4% |
| Furniture and vehicles24 | €349 | - | €1k | €1k | €752 | ▼ 26.6% |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €838k | €1.08M | €1.12M | €1.07M | €1.19M | ▲ 11.0% |
| Stocks and contracts in progress3 | €833k | €1.05M | €1.09M | €1.07M | €1.17M | ▲ 8.8% |
| Stocks30/36 | €833k | €1.05M | €1.09M | €1.07M | €1.17M | ▲ 8.8% |
| Amounts receivable within one year40/41 | €6k | €3k | €25k | €0 | €24k | - |
| Trade receivables40 | €6k | €3k | €25k | €0 | €24k | - |
| Other amounts receivable41 | - | - | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | - | €28k | €0 | €0 | €0 | - |
| Deferred charges and accrued income490/1 | - | - | €4k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.87M | €2.09M | €2.11M | €2.04M | €2.12M | ▲ 3.9% |
| Equity10/15 | €396k | €539k | €616k | €616k | €646k | ▲ 4.9% |
| Contributions10/11 | €12k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €49k | €49k | €88k | €88k | €88k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €38k | €38k | = |
| Distributable reserves133 | €48k | €48k | €88k | €49k | €49k | = |
| Profit (loss) carried forward14 | €334k | €471k | €509k | €510k | €540k | ▲ 5.9% |
| Amounts payable17/49 | €1.48M | €1.55M | €1.50M | €1.43M | €1.48M | ▲ 3.5% |
| Amounts payable after more than one year17 | €1.09M | €1.05M | €1.08M | €994k | €916k | ▼ 7.9% |
| Financial debts170/4 | €1.09M | €1.05M | €1.08M | €994k | €916k | ▼ 7.9% |
| Amounts payable within one year42/48 | €384k | €501k | €416k | €435k | €563k | ▲ 29.4% |
| Current portion of amounts payable after more than one year42 | €57k | €59k | €86k | €89k | €93k | ▲ 5.1% |
| Financial debts43 | €122k | €236k | €147k | - | €198k | - |
| Credit institutions430/8 | €122k | €236k | €147k | - | €198k | - |
| Trade debts44 | €139k | €131k | €114k | €83k | €201k | ▲ 143% |
| Suppliers440/4 | €139k | €131k | €114k | €83k | €201k | ▲ 143% |
| Advances received on contracts in progress46 | - | - | - | €11k | - | - |
| Taxes, remuneration and social security45 | €44k | €54k | €51k | €43k | €57k | ▲ 31.9% |
| Taxes450/3 | €29k | €48k | €34k | €19k | €32k | ▲ 67.9% |
| Remuneration and social security454/9 | €15k | €7k | €17k | €24k | €25k | ▲ 2.9% |
| Other amounts payable47/48 | €22k | €22k | €18k | €210k | €14k | ▼ 93.1% |
| Accrued charges and deferred income492/3 | - | - | - | €47 | €47 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €182k | €137k | €38k | €223 | €30k | ▲ 13,452% |
| + Depreciation and write-downs630 | €67k | €77k | €60k | €47k | €52k | ▲ 10.1% |
| Operating cash flow (approximation) | €249k | €214k | €99k | €47k | €82k | ▲ 73.6% |
| Investment in fixed assets (approximation) | - | €-54k | €-45k | €-26k | €-14k | ▲ 47.3% |
| Change in cash | - | - | €-28k | €0 | €0 | - |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
31-12
Financial
Weakest financial yearnet €223 ▼99.4%
Net result drops to €223, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Equity above €500kEq €539k ▲36.1%
5 profitable years in a row build equity to €539k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €182k ▲163%
Operating result €203k, net result €182k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €214k ▲47.8%
3 profitable years in a row build equity to €214k.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €145k ▲51.8%
2 profitable years in a row build equity to €145k.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waregem · 1 establishment unit since 2015
Ground area
1,161 m²
Building footprint
426 m²
Volume, LiDAR
2,145 m³
Parcel 34035A0164/00K007, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
FIETSEN DEVOS
since 20152.248.911.247
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0164/00K007 | Flanders | 1,161 m² | 1 · 426 m² | 10.4 m · 2 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.
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Of 1,468 companies in sector 47632 we hold annual accounts for 733. 543 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
Founded11-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47632Retail sale of bicycles
47830Retail sale of motorcycles and motorcycle parts and accessories
Scores and ratios are computed by Checked and are not a credit decision.