Skip to content

IMMO DEVAUX I

Active
Public limited companyfounded 2018active for 8 yearsMaliestraat 90-92, 1050 Elsene, Belgium23 active companies are registered at this addressKBO/BCE: BE 0694.904.337

From the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

IMMO DEVAUX I has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€254,933) and a net result of -€19,655. Equity is shrinking by about 43% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · financial year 2025, abbreviated format

Latest annual accounts filed

Annual accounts 2025

View at the NBB
Financial year ended
31-12-2025
Filed on
17-07-2026
Format
abbreviated format
Reference
2026-00315048
Turnover
€15,900▼ 47.4%
2019 · €30,207
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€19,655▲ 75.9%
2024 · -€81,564
Working capital
-€172,273▼ 28.9%
2024 · -€133,690
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is nearly 19 times 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€0.02m 2020 Operating result€0.04m 2025 Net result-€0.02m 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€0.03m-€0.02m▼ 47.4%
Operating result-€0.02m--€0.03m▼ 12.8%-€0.008m▲ 71.4%-€0.001m▲ 86.3%-€0.02m▼ 1,994%€0.002m€0.04m▲ 19×
Net result-€0.06m--€0.05m▲ 17.4%-€0.03m▲ 40.5%-€0.03m▼ 0.3%-€0.05m▼ 87.3%-€0.08m▼ 53.3%-€0.02m▲ 75.9%
Equity€0.004m--€0.04m-€0.07m▼ 64.7%-€0.1m▼ 39.4%-€0.2m▼ 52.9%-€0.2m▼ 53.1%-€0.3m▼ 8.4%
Total assets€1.2m-€1.1m▼ 1.4%€1.1m▼ 1.4%€1.1m▼ 0.2%€1.0m▼ 8.7%€1.1m▲ 6.1%€1.2m▲ 12.2%
Debt€1.1m-€1.2m▲ 2.7%€1.2m▲ 1.1%€1.2m▲ 2.2%€1.2m▼ 3.6%€1.3m▲ 12.3%€1.5m▲ 11.5%
Working capital-€1.1m--€1.1m▼ 2.0%-€1.1m▼ 0.2%€0.1m-€0.1m-€0.1m▼ 24.4%-€0.2m▼ 28.9%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets €1.2m ▲ 10.6%
Current assets €22,829 ▲ 369%
Equity and liabilities
Equity-€254,933
Debt€1.5m
Equity is negative: debt (€1.5m) exceeds the balance-sheet total (€1.2m).
Key figures and ratios
2025 value · change against 2024
EBITDA
€65,937▲
2024 · €29,936
Cash flow
€11,001▲
2024 · -€53,527
Solvency
-21.0%▲
2024 · -21.7%
Current ratio
0.12▲
2024 · 0.04
ROA
-1.6%▲
2024 · -7.5%
Interest coverage
1.20▲
2024 · 0.36
Debt ≤ 1 year
€195,101▲
2024 · €138,557
Debt > 1 year
€1.3m▲
2024 · €1.2m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,167 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94.9% are still going.

  • Small
  • 5 to 10 years old
  • negative equity
  • a small loss
2.0% went bankrupt
2.8% stopped otherwise
94.9% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,167 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines

Source: Annual accounts 2025 at the NBB, filed with the National Bank on 17-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€1.1m€1.2m▲
Fixed assets21/28€1.1m€1.2m▲
Tangible fixed assets22/27€1.1m€1.2m▲
Land and buildings22€0.1m€0.2m▲
Other tangible fixed assets26€1.0m€0.9m▼
Current assets29/58€0.005m€0.02m▲
Amounts receivable within one year40/41-€0.003m
Trade receivables40-€0.001m
Other amounts receivable41-€0.002m
Cash at bank and in hand54/58€0.004m€0.02m▲
Deferred charges and accrued income490/1€0.001m€0.003m▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.2m▲
Equity10/15-€0.2m-€0.3m▼
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Profit (loss) carried forward14-€0.3m-€0.3m▼
Amounts payable17/49€1.3m€1.5m▲
Amounts payable after more than one year17€1.2m€1.3m▲
Other amounts payable178/9€1.2m€1.3m▲
Amounts payable within one year42/48€0.1m€0.2m▲
Trade debts44€0.006m€0.06m▲
Suppliers440/4€0.006m€0.06m▲
Other amounts payable47/48€0.1m€0.1m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.03m▲
Other operating charges640/8€0.008m€0.006m▼
Gross operating margin9900€0.04m€0.07m▲
Operating profit (loss)9901€0.002m€0.04m▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€0.08m€0.05m▼
Recurring financial charges65€0.08m€0.05m▼
Profit (loss) for the period before taxes9903-€0.08m-€0.02m▲
Profit (loss) for the period9904-€0.08m-€0.02m▲
Profit (loss) for the period to be appropriated9905-€0.08m-€0.02m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.3m-€0.3m▼
Profit (loss) brought forward from the previous period14P-€0.2m-€0.3m▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the accounts filed with the National Bank.

Line2019202020212022202320242025Change
Turnover70€30,207€15,900------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43,109€25,865€25,865€25,899€26,523€28,036€30,656▲ 9.3%
Other operating charges640/8--€1,250€6,535-€8,452€5,886▼ 30.4%
Gross operating margin9900--€19,519€31,391€4,677€38,389€71,824▲ 87.1%
Operating profit (loss)9901-€23,580-€26,588-€7,596-€1,043-€21,846€1,900€35,281▲ 19×
Financial income75/76B--€41€0--€1-
Recurring financial income75--€41€0--€1-
Financial charges65/66B--€20,776€27,364€31,352€83,464€54,937▼ 34.2%
Recurring financial charges65€34,081€21,029€20,776€27,364€31,352€83,464€54,937▼ 34.2%
Debt charges650€33,943€20,768------
Profit (loss) for the period before taxes9903-€57,661-€47,617-€28,332-€28,407-€53,198-€81,564-€19,655▲ 75.9%
Profit (loss) for the period9904-€57,661-€47,617-€28,332-€28,407-€53,198-€81,564-€19,655▲ 75.9%
Profit (loss) for the period to be appropriated9905-€57,661-€47,617-€28,332-€28,407-€53,198-€81,564-€19,655▲ 75.9%
Line2019202020212022202320242025Change
Assets
Total assets20/58€1.2m€1.1m€1.1m€1.1m€1.0m€1.1m€1.2m▲ 12.2%
Fixed assets21/28€1.1m€1.0m€1.0m€1.0m€1.0m€1.1m€1.2m▲ 10.6%
Tangible fixed assets22/27€1.1m€1.0m€1.0m€1.0m€1.0m€1.1m€1.2m▲ 10.6%
Land and buildings22-----€0.1m€0.2m▲ 137%
Other tangible fixed assets26--€1.0m€1.0m€1.0m€1.0m€0.9m▼ 2.8%
Current assets29/58€0.08m€0.09m€0.1m€0.1m€0.02m€0.005m€0.02m▲ 369%
Amounts receivable within one year40/41€0.002m-€0.003m€0--€0.003m-
Trade receivables40--€0.003m€0--€0.001m-
Other amounts receivable41------€0.002m-
Cash at bank and in hand54/58€0.08m€0.09m€0.1m€0.1m€0.02m€0.004m€0.02m▲ 368%
Deferred charges and accrued income490/1-----€0.001m€0.003m▲ 153%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.1m€1.1m€1.1m€1.0m€1.1m€1.2m▲ 12.2%
Equity10/15€0.004m-€0.04m-€0.07m-€0.1m-€0.2m-€0.2m-€0.3m▼ 8.4%
Contributions10/11€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10--€0.06m€0.06m€0.06m€0.06m€0.06m=
Issued capital100--€0.06m€0.06m€0.06m€0.06m€0.06m=
Profit (loss) carried forward14-€0.06m-€0.1m-€0.1m-€0.2m-€0.2m-€0.3m-€0.3m▼ 6.6%
Amounts payable17/49€1.1m€1.2m€1.2m€1.2m€1.2m€1.3m€1.5m▲ 11.5%
Amounts payable after more than one year17---€1.2m€1.0m€1.2m€1.3m▲ 8.1%
Other amounts payable178/9---€1.2m€1.0m€1.2m€1.3m▲ 8.1%
Amounts payable within one year42/48€1.1m€1.2m€1.2m€0.002m€0.1m€0.1m€0.2m▲ 40.8%
Trade debts44-€0.008m€0.003m€0.002m€0.03m€0.006m€0.06m▲ 835%
Suppliers440/4--€0.003m€0.002m€0.03m€0.006m€0.06m▲ 835%
Other amounts payable47/48--€1.2m€0€0.1m€0.1m€0.1m▲ 3.7%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€57,661-€47,617-€28,332-€28,407-€53,198-€81,564-€19,655▲ 75.9%
+ Depreciation and write-downs630€43,109€25,865€25,865€25,899€26,523€28,036€30,656▲ 9.3%
Operating cash flow (approximation)-€14,552-€21,751-€2,467-€2,508-€26,675-€53,527€11,001-
Investment in fixed assets (approximation)-€0€0€0-€39,591-€103,880-€145,061▼ 39.6%
Change in cash-€10,899€7,309€26,726-€109,804-€14,572€13,076-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (7)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 17-07-2026 2026-00315048 NBB
31-12-2024 micro format 26-09-2025 2025-00531528 PDF
31-12-2023 micro format 30-08-2024 2024-00432574 PDF
31-12-2022 full format 04-07-2023 2023-00215626 PDF
31-12-2021 full format 08-08-2022 2022-20283554 PDF
31-12-2020 full format 30-07-2021 2021-45300031 PDF
31-12-2019 full format 05-10-2020 2020-59200029 PDF

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.